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

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

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

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Speaker 1: Bloomberg Sound On, The insiders, the influencers, the inside. 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 seveny Kennedys for different duct teams.

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

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

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

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Speaker 1: m h D two Long Weekend Alert. We get the

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Speaker 1: latest on an optimistic job to day for Maddie Doubler

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Speaker 1: and the latest on the US China front with Mark Ross,

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Speaker 1: plus a special exclusive interview with d n C Chairman

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Speaker 1: and the former Labor Secretary Tom Perez, as well as

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Speaker 1: my exclusive interview with the Under Secretary of State for

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Speaker 1: Economic Affairs Keith Kroc. Some optimistic jobs numbers on the

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Speaker 1: economic front. Did you see this? President Trump taking a

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Speaker 1: victory lap of sorts after the jobs gains smashed estimates

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Speaker 1: last month as the lockdown's ease. While initial unemployment filings

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Speaker 1: for the last week, we're less than impressive. The unemployment rate, folks,

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Speaker 1: declined to eleven point one percent from thirteen point three

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Speaker 1: percent just within the last month. Now, remember the consensus

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Speaker 1: was twelve point five percent. So I mean that is

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Speaker 1: that is really a full nearly percentage point and a

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Speaker 1: half declined from what the economists thought was going to happen.

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Speaker 1: So the unemployment rate eleven point one percent, again, that's

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Speaker 1: a decline from thirteen point three and that was enough

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Speaker 1: to have President Trump feeling very very optimistic. But and

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Speaker 1: you know, I'm a I'm an optimist, but we gotta

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Speaker 1: be real as well. And that is before all of

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Speaker 1: the U states have started did some some additional closures,

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Speaker 1: you know what I mean. I mean, we've got you know,

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Speaker 1: upticks in California and Arizona and Texas, New York. Remember

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Speaker 1: they're doing the in the enforced face mask rule in Pennsylvania.

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Speaker 1: But the stock market liked it, you know, they were

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Speaker 1: still very optimistic. U s stocks jumped on better than

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Speaker 1: expected jobs data, though gains were tempered somewhat by coronavirus

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Speaker 1: concerns reading from the Bloomberg terminal. The SMP five hundreds

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Speaker 1: rally extended for a fourth day, and the nazdacs set

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Speaker 1: another record. Treasuries were little changed, with ten year yields

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Speaker 1: hovering around point six seven per cent. And that is

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Speaker 1: where I begin my exclusive interview tonight with Democratic National

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Speaker 1: Committee Chairman Tom Perez. Remember, prior to taking this position,

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Speaker 1: he served in the Obama administration as the Labor Secretary,

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Speaker 1: so he knows all about these job numbers, and I

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Speaker 1: wanted to know whether or not the economy is recovering

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Speaker 1: fast enough and secure enough for his liking. Take a listen,

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Speaker 1: we won't have a recovery until we fixed the pandemic. Kevin, Uh,

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Speaker 1: that's the reality. I want people to get back to

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Speaker 1: work as soon as possible, and I'm heartened that people

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Speaker 1: were getting back to work. The challenge we have here

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Speaker 1: is that until we fix the pandemic and and really

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Speaker 1: do it at scale, we're going to continue to see

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Speaker 1: record unemployment numbers. The the job report last month with

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Speaker 1: the numbers were driven largely by leisure in hospitality that

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Speaker 1: drove about the job growth and the unemployment rate and

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Speaker 1: leisure in hospitality went down to point nine per cent.

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Speaker 1: And we these numbers don't capture what's been happening over

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Speaker 1: the last few days with the pandemic picking up. You're

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Speaker 1: seeing other leisure in hospitality and other businesses having to

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Speaker 1: shut back down. And so until we fix this pandemic,

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Speaker 1: we're still going to be in big trouble. We're still

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Speaker 1: down fourteen point seven million jobs. Said February. You look

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Speaker 1: at the first time claims for unemployment again released today,

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Speaker 1: we are at the fifteenth week in a row where

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Speaker 1: the claims are more than twice what they were at

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Speaker 1: the highest levels of the Great Recession. So I want

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Speaker 1: to get people back to work. We all want to

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Speaker 1: get people back to work, but this president is completely

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Speaker 1: failed handling of the pandemic is going to make that

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Speaker 1: really hard. Well, that's what I want to follow up

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Speaker 1: with you on because the President has made a case

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Speaker 1: that in order to get the economy back on track,

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Speaker 1: there has to be some type of reopening. But former

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Speaker 1: Vice President Joe Biden has argued that in order for

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Speaker 1: there to be a recovery, the virus has to be

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Speaker 1: under control. How do you reconciled that, especially at a

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Speaker 1: time in which you're seeing in some states another uptick

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Speaker 1: in the number of cases of COVID nineteen. How do

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Speaker 1: you convince the business community, convince main street even that

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Speaker 1: that has to happen before we can get to a recovery. Well,

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Speaker 1: I mean you talk to restaurant on tours and I

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Speaker 1: you know, I talked to one business person now and

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Speaker 1: they said something like, we're just trying to figure out

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Speaker 1: what we're gonna do next week, what we're gonna do tomorrow. Uh,

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Speaker 1: there's no certainty here because there's no plan this president.

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Speaker 1: When when you ignore science, I mean, a mask is

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Speaker 1: not a political statement, A mask is a public health imperative,

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Speaker 1: and the president has ignored that. So if you had

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Speaker 1: leadership from Washington that was setting forth with clarity what

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Speaker 1: we have to do, and this president is not doing it,

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Speaker 1: we could get the economy rolling sooner. Look at other

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Speaker 1: industrialized countries that have flattened the curve in meaningful ways

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Speaker 1: because they took it seriously. This president hasn't taken it seriously.

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Speaker 1: We can I ask you too. I want to ask

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Speaker 1: you two more questions, especially from a policy standpoint. It's

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Speaker 1: something you and I have talked about before. When you

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Speaker 1: look at what has happened going on in the UK.

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Speaker 1: Boris Johnson has actually just approved another round of infrastructure

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Speaker 1: your stimulus in order to get the UK back to

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Speaker 1: help the UK economy. I'm wondering if you think that

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Speaker 1: there is an appetite here ahead of the election for

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Speaker 1: there to be a major infrastructure package that Democrats would

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Speaker 1: be able to get on board, but that or if

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Speaker 1: it's going to have to wait until after November three,

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Speaker 1: I think what we have to do is pass the

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Speaker 1: Hero's Act. That's a major investment. Republican and Democratic governors

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Speaker 1: are calling for aid for state and local government. I

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Speaker 1: live in the state of Maryland. We have a Republican governor.

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Speaker 1: He's the head of the National Governor's Association. He's calling

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Speaker 1: for the President United States two pass aid for state

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Speaker 1: and local governments. I agree with that that has to happen.

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Speaker 1: The Hero's Act contains really important coverage. People who lose

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Speaker 1: their job lose their healthcare. There's this thing called cobra.

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Speaker 1: You can continue to pay for your healthcare when you're unemployed,

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Speaker 1: but people can't afford to pay the cobra. It's very expensive.

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Speaker 1: The Hero's Act has a provision to cover your Cobra

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Speaker 1: pay People are gonna lose their unemployment in the end

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Speaker 1: of July unless something's done. That's what we need to do.

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Speaker 1: Pass the Heroes at well and ahead of the August

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Speaker 1: re says you mentioned on the point. And this this

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Speaker 1: is the final question that I have for you, sir,

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Speaker 1: especially with minority communities, especially with lower socio economic individuals

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Speaker 1: in this country. They have been disproportionately affected from an

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Speaker 1: economic standpoint as a result of this recession. What can

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Speaker 1: be done from Congress before August or just even in

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Speaker 1: the short term from a congressional angle, in order to

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Speaker 1: provide liquidity to these small businesses and also some benefits

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Speaker 1: for these Americans. Well. The unemployment rate for Latinos at

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Speaker 1: the end of the Obama Biden administration was five point

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Speaker 1: nine percent. Today it's fourteen point five percent, to half

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Speaker 1: times larger. The unemployment rate for African Americans at the

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Speaker 1: end of the Obama Biden administration with seven point eight percent.

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Speaker 1: Now it's double that today. Uh. The coronavirus has hit

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Speaker 1: African American and Latino communities and Native American communities in

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Speaker 1: a huge way. And what's the president's reactions. Let's undo

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Speaker 1: the Affordable Care Act, Let's not support aid through the

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Speaker 1: Heroes Act, let's make it harder for small businesses to

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Speaker 1: access p p P. You have story after story after

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Speaker 1: story of small and minority owned businesses who couldn't access

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Speaker 1: the program, while this president won't even release data on

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Speaker 1: the big recipients because they're always buddies. We need a

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Speaker 1: targeted program that assists in the Heroes Act again, would

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Speaker 1: provide remarkably important relief that would help minority communities, minority

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Speaker 1: business owners get back on their feet. Um people of

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Speaker 1: color who disproportionately have pre existing conditions and other comorbidities.

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Speaker 1: They need access to healthcare, and we have a president

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Speaker 1: that's trying to put a fork in access to healthcare

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Speaker 1: is bailed leadership. We what we have to do is

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Speaker 1: at the ballot box in November, Kevin. That's where we're

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Speaker 1: gonna have to solve these challenges because this president has

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Speaker 1: been absolutely ineffective throughout this journey. That was Democratic National

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Speaker 1: Committee Chairman Tom Perez. He of course, also served as

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Speaker 1: the Labor Secretary in the Obama administration. Coming up, we

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Speaker 1: check in with Keith Croc who is the Under Secretary

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Speaker 1: of State for Economic Affairs. We talk all things five G,

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Speaker 1: Huawei and Europe. Working with the United States against the

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Speaker 1: Communist Party of China on economic affairs. Download the Bloomberg

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Speaker 1: son On podcast on Apple, it tunes, at Bloomberg dot com,

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Speaker 1: or by downloading the Bloomberg Business App. You can also

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Speaker 1: find me on Radio dot com, I Heart Radio, and Spotify.

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Speaker 1: And remember, tune into Bloomberg Television this weekend to celebrate

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Speaker 1: the fourth of July, where we'll be ringing it in

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Speaker 1: with the Boston Pops. Who doesn't love the Boston Paps.

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Speaker 1: That's the fourth folks. He's say, be safe, celebrate America.

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Speaker 1: If you're listening to Bloomberg, have one. 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 HD two. I was talking

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Speaker 1: to Chicken Cerelli today. That's my mom, Chicken CEREALI back

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Speaker 1: in Delko and she was like, Kevin, I just want

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Speaker 1: a hot dog with sauerkraut. And I said, say, Mom,

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Speaker 1: have one. It's the fourth of July. I don't care

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Speaker 1: what you eat, what you don't eat, but you deserve

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Speaker 1: to have a hamburg and a hot dog for the

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Speaker 1: fourth of July. It is gonna be a really, really,

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Speaker 1: really nice weekend this weekend. If you live in d

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Speaker 1: C or New York City, you probably have been here

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Speaker 1: in the fireworks for a couple of weeks now. They've

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Speaker 1: been setting them off. But let's not forget, of course, um,

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Speaker 1: those who serve our country this weekend, and let's try

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Speaker 1: to keep them in mind as well. Dog Tag Bakeries

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Speaker 1: back open. They are back open, you know. Of course,

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Speaker 1: they're in Georgetown, and they partner with Georgetown University and

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Speaker 1: they run a financial financial literacy financial financial literacy program

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Speaker 1: to educate folks and veterans and their families too. Um,

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Speaker 1: start small businesses, Start small businesses. All right, My next

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Speaker 1: exclusive interview tonight is with Keith Crock and we were

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Speaker 1: talking all things about Hong Kong, which was a huge

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Speaker 1: story this week, as well as Huawei because Secretary of

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Speaker 1: State Bike Pompeo is saying that the United States collectively

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Speaker 1: has been able to turn a corner and convincing some

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Speaker 1: U S allies to stop relying so much on Huawei

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Speaker 1: Chinese Huawei to develop five G platforms. We also talked

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Speaker 1: about how to secure not just the international supply chain,

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Speaker 1: but the domestic supply chain and some new sanctions that

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Speaker 1: have been placed against the Communist Party of China for

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Speaker 1: their treatment of the Weaker's people in the concentration camp. So,

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Speaker 1: without further ado, here is Keith Crock, the under Secretary

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Speaker 1: of State Affairs a disastrous decision. Uh. You know this

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Speaker 1: is to eviscerate Hong Kong's freedoms uh and imposing uh

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Speaker 1: draconian national security measures. And you know, if you look

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Speaker 1: at uh this legislation that's been enacted, it is taken

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Speaker 1: away all freedoms, including freedom of the press. They're basically

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Speaker 1: bringing in their forces. Uh. The reaction is really disastrous,

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Speaker 1: and I think, UM, a lot of companies are really

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Speaker 1: worried because I think it's the clause number thirty three,

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Speaker 1: uh that they actually can take non residents and as

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Speaker 1: you know, uh they can take you know, they can

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Speaker 1: take it back to China where there's no rule of law.

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Speaker 1: So I think it Uh. It's been such a great Uh,

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Speaker 1: it's been a shining success for China with the two

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Speaker 1: party system and now it's a one party system. And

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Speaker 1: I think, you know with this, what what has happened

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Speaker 1: by breaking this Sino British declaration is um, you know,

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Speaker 1: they only got twenty three years instead of fifty. And

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Speaker 1: and it gets down to the back to this issue

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Speaker 1: with the Chinese Communist Party of Trust you know w

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Speaker 1: t O, w h O, the United Nations. So you

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Speaker 1: know that highlighted on top of the pandemic. It's you know,

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Speaker 1: how can you trust them for anything? Secretary Pompeo as

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Speaker 1: well as Secretary Minution issuing some supply chain business advisory

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Speaker 1: as it relates to the weaker camps and the supply chains.

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Speaker 1: What how will that impact you US businesses? By the way,

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Speaker 1: you know that business advisory, Kevin, and it goes to

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Speaker 1: anybody who's partnering, UH, investing, buying goods, supporting UH from

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Speaker 1: UH you know products through the forced labor camps in

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Speaker 1: Shing Jong. And these are some of the most serious

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Speaker 1: acts of human rights abuse since World War Two. UH.

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Speaker 1: You know, the whole purpose of this is to force

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Speaker 1: UH minority UH Groups three announced their religion UH and

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Speaker 1: embrace c c p I ideology. UH. You know in

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Speaker 1: Silicon Valley we say corporate responsibility and social responsibility, and

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Speaker 1: today that means refusing to participate in human rights violations

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Speaker 1: and deals. And I think transparency is a key to

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Speaker 1: making the difference. UM, you know, it's a fundamental business

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Speaker 1: principle that UH, transparency is visibility, and visibility leads into accountability.

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Speaker 1: It's a magical concept. So I think by shining a

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Speaker 1: light on these business advisories as well as coupled with

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Speaker 1: the thirty three Chinese firms now on the entity list

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Speaker 1: with sanctions, many of them are the ones that are

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Speaker 1: doing business in shing Jong, it is incumbent for boards

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Speaker 1: of directors, doct analysis, supply chains, for financial institutions. UM,

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Speaker 1: it's their duty to establish gardens principles investing in companies

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Speaker 1: that violate human rights. And I think even more than that,

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Speaker 1: it's a moral duty, a finuciary duty to divest from

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Speaker 1: these companies. So pension funds, university and down lets, UH,

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Speaker 1: emerging index funds, mutual funds, ensuredies, venture capitals, companies should

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Speaker 1: disclose what Chinese companies are investing in and often that

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Speaker 1: American business will will do the right thing. That's what's

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Speaker 1: going on. That's what's going on as it relates to

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Speaker 1: the weaker concepts Asian camps. Now, I want to ask

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Speaker 1: you about five G because Secretary Pumpeto also recently said

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Speaker 1: that the US had really turned the tide as it

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Speaker 1: relates to Fawei working with allies. What did he mean

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Speaker 1: by that and how has the US been able to

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Speaker 1: do that? Kevin, the tide has turned towards trusted five

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Speaker 1: G vendors and against wahwe And I think that's the

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Speaker 1: citizens of the world are waking up to the danger

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Speaker 1: of the CCP surveillance state. On top of the pandemic

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Speaker 1: UH Hong Kong Shing Jong which UH, the skirmish at

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Speaker 1: the Indian border and UH. In February, Watwey announced that

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Speaker 1: they had closed five G deals UH best we can see,

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Speaker 1: it's down to less than a couple dozen UM, and

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Speaker 1: I think they're just evaporating. That's Keith Croc. He serves

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Speaker 1: as the Under Secretary of State for Economic Affairs at

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Speaker 1: the State's Department and and honestly feel it's the name

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Speaker 1: that I don't think many people realize, but he is

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Speaker 1: really one of the driving forces on the issue of

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Speaker 1: five G, on the issue of dealing with Huawei UH

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Speaker 1: in terms of advising UH Secretary Pumpeo. He also has

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Speaker 1: deep ties to Silicon Valley as well as to the

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Speaker 1: manufacturing portion of the country. He's taken several companies, public

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Speaker 1: and whatnot. So he's really one of those insiders that

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Speaker 1: we're thrilled to be able to interview because it really

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Speaker 1: offers a behind the scenes look at what's actually happening

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Speaker 1: in terms of geopolitical policy, especially on something so important

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Speaker 1: as five Chief. Uh so, yeah, all right, coming on next,

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Speaker 1: we talk all things politics and policy and twenty with

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Speaker 1: Mark Ross and Matti Duppler. Job's day. Can have a

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Speaker 1: job to day without Matti Duppler. And usually it's on Friday.

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Speaker 1: I guess it's it's Thursday, but it's technically Friday. Just

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Speaker 1: a friend of the minor folks. I have off tomorrow,

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Speaker 1: as does a lot of my Bomber colleagues. It is

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Speaker 1: an official company holiday, you know, so we're gonna enjoy it.

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Speaker 1: Maybe I'll have a hot dog. Keep a lack right here.

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Speaker 1: I'm Kevin Surreley, Chief Washington correspondent for Bloomberg Television and

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Speaker 1: for Bloomberg Radio. Shoutouts to Christine Brobotta, Matt Tew Shirley

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Speaker 1: for all of their hard work on the program. Keep

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

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Speaker 1: Kevin Surreley on Bloomberg and one oh five point seven

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Speaker 1: f m h D two. What's your favorite Fourth of

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Speaker 1: July song? Do you go with Proud to Be an American?

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Speaker 1: A classic? Where do you go with Miley Cyrus Party

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Speaker 1: in the USA? Or maybe Perry Katie Perry Firework? Matti Duppler,

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Speaker 1: founder of Forward Strategy, Senior Fellow at the National Taxpayers Union,

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Speaker 1: former Coalitions director for the House Republican Conference. What's on

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Speaker 1: your Fourth of July playlist? You know, I'm a Katie

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Speaker 1: Perry fan, Kevin, It's hard for me to say that

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Speaker 1: Katy Perry is not top of the Fourth of July playlist?

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Speaker 1: All right? But like what else? I like any pop up?

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Speaker 1: You know this? It's like I So my fourth or

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Speaker 1: Juy playlist is like anything that gets the party going,

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Speaker 1: put people in a good mood. So it's John my

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Speaker 1: Run playlist, part of like John Mellencamp, part of you

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Speaker 1: know some country on there. I am from wisconsinbody a

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Speaker 1: lot of country fans in my family. It's a classic. Next,

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Speaker 1: but I gets the party going. Did you ever hear

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Speaker 1: the mash up Party in the USA with um Biggie

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Speaker 1: Small's um No? But I would love to all right,

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Speaker 1: I'll text you it. It's um notorious b I G

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Speaker 1: mashed up with Miley Cyrus party in the USA. Anyway,

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Speaker 1: it's about amazing. It's a bobcause the kids said, Maddie go,

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Speaker 1: Job's Day beating expectations, Um day. Well, you know, the

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Speaker 1: expectations were all over the place because we didn't know

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Speaker 1: which way this was going to go. Four point eight millions,

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Speaker 1: don't I'm smacked up in the middle of expectations. Four

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Speaker 1: point eight million jobs added in June. That brings the

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Speaker 1: unemployment rate down to eleven point one percent. You know,

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Speaker 1: great numbers. We like to see months over months more

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Speaker 1: jobs coming online. But here's the deal with this job survey.

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Speaker 1: It happens the week including the twelfth of the month,

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Speaker 1: so it's the middle of the month, which was before

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Speaker 1: we started see infection rate spiking again. It was before

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Speaker 1: we started to see states pause on the reopenings. So

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Speaker 1: I think it's it's entirely possible that in July we

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Speaker 1: see numbers start to stagnate a little bit. Now, today

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Speaker 1: was a double whammy and job you know that, right, Kevin.

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Speaker 1: We both got the early Job's Day report, but we

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Speaker 1: also got the unemployment claims, which I think indicates that

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Speaker 1: we still have a long way ago, because we see

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Speaker 1: a plot towing a little bit of those unemployment plans.

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Speaker 1: We're averaging about one point five million new claims a week,

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Speaker 1: which is intolerably high. And when you add in those

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Speaker 1: states that are still getting their pandemic unemployment a system

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Speaker 1: accounts online, those are the accounts created by the Cares Act.

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Speaker 1: We've got over thirty one million people who are claiming

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Speaker 1: unemployment benefits still, so we have a long way to

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Speaker 1: go before we can say we are fully in the

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Speaker 1: throes of our recovery. We spoke about this with George

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Speaker 1: c Yes today of vandel Capital when he came on

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Speaker 1: the program, and I want to put the question to you,

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Speaker 1: which is the expectation now, is that the stepped up

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Speaker 1: recovery will begin in Q three Q four November three

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Speaker 1: obviously the big Washington d C. Political date, But the

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Speaker 1: timing of the recovery and when it really starts to

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Speaker 1: accelerate and taper off is going to be crucial to

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Speaker 1: the psychology of the independent voter heading into the polls

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Speaker 1: on November three. My question to you, Maddie Doppler, as

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Speaker 1: someone who really knows. Uh. The juxtaposition of the economics

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Speaker 1: and the politics, uh, and the policy really driving behind

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Speaker 1: all of this is our economists. Did economist factor in

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Speaker 1: an uptick in coronavirus cases in some of these in

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Speaker 1: some of these states? In other words, were they were

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Speaker 1: Is this following some type of plan? I mean, when

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Speaker 1: when all of this was happening and we saw New

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Speaker 1: York City as the epicenter, we knew that the virus

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Speaker 1: was going to trickle throughout the country. So were they

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Speaker 1: able to predict this or did it catch people off guard? Well?

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Speaker 1: So here's what I would say is that in a

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Speaker 1: typical election cycle, right about now is when voters ideas

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Speaker 1: about the economy would start to crystallize. I think that's

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Speaker 1: completely out the window. I think people are very much

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Speaker 1: in a wait and see um uh stance right now,

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Speaker 1: because I think you're right that there was a recognition

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Speaker 1: from voters that New York was different than say what

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Speaker 1: we're seeing in Texas in Florida. Now, I'm not I

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Speaker 1: think it's going to take a couple more weeks before

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Speaker 1: there is a position that I think will be reflecting

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Speaker 1: in the political parlance, which is like whether or not

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Speaker 1: this is a result of people acting irresponsibly, or just

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Speaker 1: that when says reopened, we knew that infestional race would

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Speaker 1: rise as well. Now we have, we have to keep

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Speaker 1: that in mind. I think that that's important, which is

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Speaker 1: that the whole reason we put the country in lockdown

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Speaker 1: was to flatten the curve, which we did do. We

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Speaker 1: didn't want to overwhelm hospitals. The product of opening up

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Speaker 1: the economy was that more infections would happen. The question,

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Speaker 1: and we'll know this in the next couple of weeks,

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Speaker 1: is that if the infections happened too quickly and they

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Speaker 1: become too severe, and then we end up back where

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Speaker 1: we were scared we were going to be to begin with,

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Speaker 1: which is with our hospitals overwhelmed and with the infection

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Speaker 1: rate getting far and above what it would be just

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Speaker 1: with you know, a tolerable testing rate. So you know,

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Speaker 1: I don't think those questions can be answered yet right now.

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Speaker 1: I think myself, as someone who looks at the economic data,

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Speaker 1: is looking between the June data and the July data

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Speaker 1: as being really the moment where it's going to be.

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Speaker 1: I don't want to say the inflection point, but it's

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Speaker 1: going to be very very important to the economic narrative

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Speaker 1: headed into November. If it seems like the wheels have

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Speaker 1: come off the train when it comes to getting sets reopened,

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Speaker 1: that's going to be very, very difficult for the president

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Speaker 1: had been to November. I want to bring in Mark

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Speaker 1: Ross is the founder of iCal Global and business communication

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Speaker 1: strategist working at the intersection of globalization and politics, and

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Speaker 1: Mark I want to pick up on this point that

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Speaker 1: Maddie has said about how the business community has focused

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Speaker 1: not on the number of cases but on the number

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Speaker 1: of hospitalizations, because really what's driving the markets, and this

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Speaker 1: is nuanced, what's driving the markets and the uncertainty is

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Speaker 1: the number of hospital beds that are filled in the

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Speaker 1: hospitals and how prepared the hospitals are, because that is

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Speaker 1: what is driving the information and the data pertaining to

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Speaker 1: whether or not there is a closure. It's not the

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Speaker 1: number of cases that are reported, it's the number of hospitalizations.

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Speaker 1: And there's a difference, is there not? Yeah? I know

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Speaker 1: this has always been like a kind of classic input problem, right,

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Speaker 1: I mean, just a simple how many you're spot on

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Speaker 1: the how many beds are available, how many people conductors

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Speaker 1: successfully treat and the problem with this virus in particular,

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Speaker 1: is the length of the disease could be anywhere from

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Speaker 1: two to three weeks passive and four weeks or some patients.

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Speaker 1: So you're looking at a disease that is it takes

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Speaker 1: up a lot of resources to cure the patients, so

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Speaker 1: to speak. I think it's also interesting about businesses. You know,

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Speaker 1: businesses Is that the right word in some ways? Right?

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Speaker 1: You have multinationals which have a totally different footprint and

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Speaker 1: kind of business outlook is opposed to kind of smaller,

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Speaker 1: medium sized businesses or even your local you know, MoMA

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Speaker 1: pop restaurant. Um, I think business generally is kind of

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Speaker 1: the wrong word because I think each each business has

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Speaker 1: a special outlook as I try to figure out how

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Speaker 1: to mouve forward, Maddie, come in there, pick it up there. Well,

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Speaker 1: So it's interesting, Um, I was actually thinking about this earlier.

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Speaker 1: Remember how the last essentially two years, whenever we got

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Speaker 1: a really positive jobs report, all of a sudden, we

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Speaker 1: have a negative market reaction because the notion would be,

429
00:25:35,520 --> 00:25:37,480
Speaker 1: oh my god, the said's going to raise rap because

430
00:25:37,760 --> 00:25:39,800
Speaker 1: the economy is too strong. It's that ying and yang

431
00:25:39,880 --> 00:25:41,560
Speaker 1: of whether or not you can hit the sweet spot

432
00:25:42,000 --> 00:25:44,200
Speaker 1: on the data for the FRED to do what's good

433
00:25:44,200 --> 00:25:46,639
Speaker 1: for equities. I think we're seeing a little bit of

434
00:25:46,680 --> 00:25:48,800
Speaker 1: that now here too, which Kevin, I think you were

435
00:25:48,880 --> 00:25:51,960
Speaker 1: right to call it nuance when it comes to the

436
00:25:52,040 --> 00:25:55,200
Speaker 1: speculation from the corporate side of things on what coronavirus

437
00:25:55,320 --> 00:25:58,240
Speaker 1: is going to do. What's not nuance, in my opinion,

438
00:25:58,640 --> 00:26:00,840
Speaker 1: is what's going to happen to the political conversation. I mean,

439
00:26:00,840 --> 00:26:02,879
Speaker 1: I think it's pretty obvious right now that the President

440
00:26:02,960 --> 00:26:04,640
Speaker 1: is likely going to try to claim success in any

441
00:26:04,640 --> 00:26:08,280
Speaker 1: way possible. Biden and the Democrats are going to say

442
00:26:08,320 --> 00:26:12,040
Speaker 1: this is a disaster. Both are essentially strong arguments we

443
00:26:12,080 --> 00:26:15,679
Speaker 1: wouldn't know, but for you know, you can't know what

444
00:26:15,920 --> 00:26:19,200
Speaker 1: doesn't happen. UM. So I think that it's important to

445
00:26:19,240 --> 00:26:21,359
Speaker 1: keep in mind those metrics that both myself and Market

446
00:26:21,400 --> 00:26:24,320
Speaker 1: talked about, which is can the infrastructure that we have

447
00:26:24,359 --> 00:26:27,000
Speaker 1: in place handle the infections that are happening. That is

448
00:26:27,000 --> 00:26:29,440
Speaker 1: an important question that each locality and state needs to

449
00:26:29,520 --> 00:26:32,560
Speaker 1: be answering, I think, um, and then we need to

450
00:26:32,640 --> 00:26:34,800
Speaker 1: know kind of like what the runway is on that.

451
00:26:34,960 --> 00:26:37,440
Speaker 1: I think that the frustration for Americans right now is

452
00:26:37,480 --> 00:26:40,119
Speaker 1: they just don't see there's no end in sight to

453
00:26:40,240 --> 00:26:43,119
Speaker 1: this back and forth about whether we're shutdown or opening

454
00:26:43,119 --> 00:26:44,760
Speaker 1: and whether or not we're doing in the correct manner,

455
00:26:44,800 --> 00:26:47,199
Speaker 1: and Mark the market correct me if I'm wrong. The

456
00:26:47,240 --> 00:26:50,000
Speaker 1: markets want stimulus, and so I think there's also a

457
00:26:50,000 --> 00:26:52,960
Speaker 1: lot of that going on that as the coronavirus cases

458
00:26:53,480 --> 00:26:56,560
Speaker 1: UH continue to increase and as more states shut down,

459
00:26:56,680 --> 00:26:59,199
Speaker 1: does that not increase the likelihood for some of those

460
00:26:59,200 --> 00:27:01,919
Speaker 1: steps of cover plicans on getting more economic stimulus for

461
00:27:01,960 --> 00:27:05,120
Speaker 1: that to to actually come to fruition. Yeah. I think

462
00:27:05,160 --> 00:27:08,800
Speaker 1: the federal government, to side European Central Bank, anybody with

463
00:27:09,080 --> 00:27:11,760
Speaker 1: any kind of responsibilities, made it pretty clear that they're

464
00:27:11,760 --> 00:27:16,320
Speaker 1: gonna do whatever it takes to support President Trump said

465
00:27:16,359 --> 00:27:18,760
Speaker 1: that in an interview with Fox Business, he said that

466
00:27:18,800 --> 00:27:22,560
Speaker 1: he wants to have some type of bipartisan UH economic stimulus.

467
00:27:22,560 --> 00:27:25,800
Speaker 1: Not to mention UH Treasury Secretary Monution and Larry Cudlow

468
00:27:25,840 --> 00:27:28,240
Speaker 1: telling our very own Jonathan Farrow, my buddy Jonathan Farrell

469
00:27:28,280 --> 00:27:31,800
Speaker 1: Bloomberg Surveillance, saying that economic stimulus was something that was

470
00:27:32,080 --> 00:27:34,919
Speaker 1: definitely in the cards. All right, Mark Ross, Maddie Doppler

471
00:27:35,000 --> 00:27:36,600
Speaker 1: stayed right there, because I want to ask you about

472
00:27:36,680 --> 00:27:40,640
Speaker 1: twenty as well as the timing of that potential economic stimulus.

473
00:27:40,680 --> 00:27:43,320
Speaker 1: Download Bloomberg som On podcast on Appalachians and Bloomberg dot Com,

474
00:27:43,400 --> 00:27:45,120
Speaker 1: or by downloading the Bloomberg Business app. You can also

475
00:27:45,119 --> 00:27:47,640
Speaker 1: find me on Radio dot Com, I Heart Radio and Spotify.

476
00:27:47,800 --> 00:27:51,159
Speaker 1: I'm Kevin Surreally, Chief Washington correspondent for Bloomberg Television and

477
00:27:51,160 --> 00:27:54,200
Speaker 1: from Bloomberg Radio. Mark, what is your fourth July song?

478
00:27:54,240 --> 00:27:57,880
Speaker 1: You have like ten seconds, so you know a lot

479
00:27:57,880 --> 00:27:59,800
Speaker 1: of you two, a lot of new order, a lot

480
00:27:59,800 --> 00:28:02,760
Speaker 1: of who isn't even an American band? Oh my gosh, Mark,

481
00:28:03,280 --> 00:28:05,040
Speaker 1: and I love YouTube. They're my all type favorite band.

482
00:28:05,040 --> 00:28:06,679
Speaker 1: But I'm gonna ask you again after the jump. I'm

483
00:28:06,760 --> 00:28:30,400
Speaker 1: Kevin Surlier listening to Bloomberg nine and I want Living

484
00:28:30,440 --> 00:28:36,040
Speaker 1: in America. I love it. It's gonna listen to that

485
00:28:36,119 --> 00:28:38,480
Speaker 1: for the rest of the show. I'm Kevin Sireli Chief

486
00:28:38,480 --> 00:28:44,240
Speaker 1: watching the correspondence to Bloomberg Television and for Bloomberg Radio.

487
00:28:44,360 --> 00:28:46,440
Speaker 1: Happy early fourth of July, folks. Remember you can tune

488
00:28:46,440 --> 00:28:50,560
Speaker 1: into Bloomberg Television, which is gonna have um special on

489
00:28:50,760 --> 00:28:54,960
Speaker 1: the fourth of July with the Boston Pops. Who doesn't

490
00:28:55,000 --> 00:28:57,640
Speaker 1: love the Boston Pops? Am I right? You can watch

491
00:28:57,720 --> 00:29:01,520
Speaker 1: the great Fireworks, the greatest Fireworks play. I don't know.

492
00:29:01,600 --> 00:29:05,400
Speaker 1: I think Philly does. Hey, Philadelphia my hometown, the birthplace

493
00:29:05,400 --> 00:29:09,880
Speaker 1: of democracy, of freedom folks. I was asking Mark Ross

494
00:29:10,280 --> 00:29:12,520
Speaker 1: what his favorite Fourth of July song was, and he said,

495
00:29:12,560 --> 00:29:14,360
Speaker 1: you too. You choose my all time favorite Bandit is

496
00:29:14,360 --> 00:29:18,320
Speaker 1: the intro song to the Bluebird Radio sound on show. However,

497
00:29:18,400 --> 00:29:20,760
Speaker 1: they are an Irish band, so I'm gonna try again.

498
00:29:20,800 --> 00:29:25,960
Speaker 1: Mark of Charicle Global, go ahead, I'll recover inside Bruce Springsteen.

499
00:29:27,520 --> 00:29:29,680
Speaker 1: That's a good one, all right. And Mattie Douppler's here. She,

500
00:29:29,720 --> 00:29:32,440
Speaker 1: of course, was the former constructor for the House Republican

501
00:29:32,560 --> 00:29:34,720
Speaker 1: Conference and we're thrilled to have her. Mattie, what was

502
00:29:34,760 --> 00:29:38,480
Speaker 1: your favorite? You said firework by Katy Perry by Katy Perry.

503
00:29:38,600 --> 00:29:40,440
Speaker 1: But now I've been thinking about it. I love me

504
00:29:40,480 --> 00:29:44,480
Speaker 1: since CCR on fourth or July. But also mean American

505
00:29:44,520 --> 00:29:48,920
Speaker 1: Boy by a stealin Kanye. Oh, that's a great one.

506
00:29:48,320 --> 00:29:53,360
Speaker 1: That's good, so I asked production. Nicholas Falco says, Living

507
00:29:53,400 --> 00:29:59,080
Speaker 1: in America by James Brown. Not surely not. Shirley said, honestly,

508
00:29:59,280 --> 00:30:03,720
Speaker 1: were Wolves London by Warren Zeven. I have no idea

509
00:30:03,760 --> 00:30:05,800
Speaker 1: what that song is. Yeah, okay, good, I'm not the

510
00:30:05,840 --> 00:30:09,960
Speaker 1: only one further saying that I am a dork. And

511
00:30:10,160 --> 00:30:17,960
Speaker 1: Barradas says, Christine Barradas is under the under the boardwalk

512
00:30:18,600 --> 00:30:26,320
Speaker 1: from the drifters. That's yeah, Charlie, you're not. And then

513
00:30:26,560 --> 00:30:30,760
Speaker 1: Charlie Vollmer said, nothing competes with Ray Charles America the beautiful. Okay, Charlie,

514
00:30:30,760 --> 00:30:35,600
Speaker 1: you win, all right? Anyway, all right, twenty twenty. Size

515
00:30:35,640 --> 00:30:39,120
Speaker 1: it up, Maddie, start with you. What does President Trump

516
00:30:39,120 --> 00:30:41,080
Speaker 1: have to do to turn this around? Aout the fourth

517
00:30:41,080 --> 00:30:42,920
Speaker 1: of July, this is when folks are starting to pay attention.

518
00:30:42,920 --> 00:30:46,160
Speaker 1: What's he gotta do? Okay, So let me be very clear.

519
00:30:46,320 --> 00:30:48,680
Speaker 1: I don't think that. I mean, this is this is

520
00:30:48,680 --> 00:30:51,520
Speaker 1: obviously a very by challenge for the president. But I'm

521
00:30:51,520 --> 00:30:55,160
Speaker 1: currently in northern Wisconsin. I am in Trump country right now,

522
00:30:55,680 --> 00:30:59,000
Speaker 1: and the people who think the president has got their

523
00:30:59,040 --> 00:31:01,480
Speaker 1: back continue going to think that, and that's the whole

524
00:31:01,480 --> 00:31:04,920
Speaker 1: reason they put Trump in office to begin with. And

525
00:31:04,960 --> 00:31:06,720
Speaker 1: I cannot stress this enough. The more time I spend

526
00:31:06,760 --> 00:31:09,320
Speaker 1: out in the Midwest, the more I realize what an

527
00:31:09,360 --> 00:31:13,720
Speaker 1: indictment is of the establishment, regardless of political party. I mean,

528
00:31:14,120 --> 00:31:17,960
Speaker 1: the fact that Trump is unorthodox on policy is one thing,

529
00:31:18,000 --> 00:31:20,400
Speaker 1: but he's also an unorthodox character in the way he

530
00:31:20,720 --> 00:31:24,719
Speaker 1: comports himself. Right, Um, But that's like Americans like that.

531
00:31:24,800 --> 00:31:27,239
Speaker 1: They like someone who's talking straight with them, and that's

532
00:31:27,240 --> 00:31:29,080
Speaker 1: what I think they get from Trump. So that is

533
00:31:29,120 --> 00:31:32,040
Speaker 1: never going to change. No matter what the circumstances are.

534
00:31:32,120 --> 00:31:35,920
Speaker 1: Americans are still gonna find this authenticity they think they

535
00:31:35,960 --> 00:31:39,120
Speaker 1: have with the president as being the number one most

536
00:31:39,120 --> 00:31:41,640
Speaker 1: compelling thing, um and why they put an office to

537
00:31:41,640 --> 00:31:44,720
Speaker 1: begin with. So, you know, frankly, I think that it's

538
00:31:45,000 --> 00:31:47,480
Speaker 1: it's really more of a question of what Joe Biden

539
00:31:47,560 --> 00:31:50,440
Speaker 1: does to lose the race. You know, if he continued,

540
00:31:50,520 --> 00:31:53,760
Speaker 1: if I should say continued, if he gets painted as

541
00:31:54,200 --> 00:31:57,320
Speaker 1: the archetype of a politician from Washington, I think that's

542
00:31:57,360 --> 00:31:59,520
Speaker 1: really the nail in the coffin for him. All right,

543
00:31:59,600 --> 00:32:03,040
Speaker 1: mark us your turn. I think Trump has to give

544
00:32:03,480 --> 00:32:06,640
Speaker 1: a legitimate reason why he should be president for four

545
00:32:06,680 --> 00:32:09,120
Speaker 1: more years. He really hasn't laid out the second term agenda.

546
00:32:09,200 --> 00:32:11,840
Speaker 1: It's unclear to me. Let him and his team really

547
00:32:11,840 --> 00:32:14,120
Speaker 1: want to accomplish if they get four more years. But

548
00:32:15,000 --> 00:32:17,160
Speaker 1: the challenge for the selection as well for Trump is

549
00:32:17,160 --> 00:32:20,040
Speaker 1: it's basically a referendum on him. I mean, voters are

550
00:32:20,240 --> 00:32:22,920
Speaker 1: asked themselves, do we really want four more years of

551
00:32:23,040 --> 00:32:27,920
Speaker 1: captain chaos, crazy tweet, boradic behavior and no no agenda.

552
00:32:27,960 --> 00:32:30,480
Speaker 1: And I think that's a huge hurdle to suddenly come

553
00:32:30,480 --> 00:32:32,200
Speaker 1: out of the fourth of July and say here's my

554
00:32:32,240 --> 00:32:36,400
Speaker 1: plan for going forward. Um. Certainly the Biden people have

555
00:32:36,440 --> 00:32:39,680
Speaker 1: been very successful, have made any mistakes, people like Joe,

556
00:32:40,120 --> 00:32:45,200
Speaker 1: it's all very favorable. Um, but can Trump really give

557
00:32:45,240 --> 00:32:47,600
Speaker 1: a reason for four more years? Like the jury is

558
00:32:47,600 --> 00:32:50,680
Speaker 1: still out on that. What about Biden go ahead and

559
00:32:50,680 --> 00:32:53,560
Speaker 1: no matic ahead? Yeah, I just couldn't jump in real quick.

560
00:32:53,600 --> 00:32:56,160
Speaker 1: And I was gonna say it is pretty remarkable even

561
00:32:56,240 --> 00:32:59,600
Speaker 1: though you've got thirty million people quecting some form unemployment

562
00:32:59,640 --> 00:33:03,000
Speaker 1: insure and you've got the SNP only down five and

563
00:33:03,000 --> 00:33:05,920
Speaker 1: a half percent for the year. So you gotta imagine

564
00:33:05,960 --> 00:33:10,560
Speaker 1: people are looking at that saying, you know, as if

565
00:33:10,600 --> 00:33:13,520
Speaker 1: the job lost is still right now are somewhat contained.

566
00:33:13,600 --> 00:33:15,280
Speaker 1: It's still a lot of people who think they're on

567
00:33:15,360 --> 00:33:17,400
Speaker 1: temporary laff who are gonna go back to work. The

568
00:33:17,480 --> 00:33:19,680
Speaker 1: question is whether or not those temporaries trying into permanent,

569
00:33:19,720 --> 00:33:22,120
Speaker 1: which we saw a little bit of a move today,

570
00:33:22,440 --> 00:33:24,440
Speaker 1: But you know, I think that a lot of the

571
00:33:24,520 --> 00:33:28,120
Speaker 1: country is still thinking, my personal circumstances look pretty good.

572
00:33:28,160 --> 00:33:30,880
Speaker 1: If you're a retiree, you're a pensioner, and the SNP

573
00:33:31,040 --> 00:33:32,880
Speaker 1: is only down five point five percent or in the

574
00:33:32,880 --> 00:33:36,680
Speaker 1: throws of a pandemic, is that econmic question gets a

575
00:33:36,680 --> 00:33:38,960
Speaker 1: little less serious for you the closer we get to November.

576
00:33:38,960 --> 00:33:40,760
Speaker 1: And I think that's probably the calculus a lot of

577
00:33:40,800 --> 00:33:43,360
Speaker 1: Americans are making, all right, and Mark, what about Joe Biden,

578
00:33:43,480 --> 00:33:44,960
Speaker 1: I mean sized him up as we had in the

579
00:33:44,960 --> 00:33:47,680
Speaker 1: fourth of July. Yeah, so we're eighteen weeks away from

580
00:33:47,680 --> 00:33:51,320
Speaker 1: the election on November three. The DNC conventions in seven weeks.

581
00:33:51,320 --> 00:33:52,800
Speaker 1: So if you if you break it up this in

582
00:33:52,840 --> 00:33:56,360
Speaker 1: the threes, right, there's basically a six or three six weeks.

583
00:33:57,320 --> 00:34:00,040
Speaker 1: You can presume that Joe Biden is gonna have a

584
00:34:00,040 --> 00:34:02,800
Speaker 1: a you know, d n K PNC convention. He's gonna

585
00:34:02,800 --> 00:34:05,280
Speaker 1: have very successful launch about his u VP candidate, So

586
00:34:05,320 --> 00:34:08,760
Speaker 1: he should win the next sprint, um get a series

587
00:34:08,760 --> 00:34:12,480
Speaker 1: of debates in September, and then Kenny survived. Can be

588
00:34:12,520 --> 00:34:15,480
Speaker 1: certainly expected some kind of students onslought a lot of

589
00:34:15,480 --> 00:34:18,840
Speaker 1: Trump negative ads, etcetera in the final third of the campaign.

590
00:34:19,280 --> 00:34:22,239
Speaker 1: And the thing is, everybody knows Joe Biden. There's no surprises.

591
00:34:22,400 --> 00:34:24,719
Speaker 1: He's been around for a long time, and I think

592
00:34:24,719 --> 00:34:26,399
Speaker 1: if he can make the case, I'm gonna put together

593
00:34:26,440 --> 00:34:29,239
Speaker 1: a credible team to move the country forward and that

594
00:34:29,520 --> 00:34:32,800
Speaker 1: I'm your off ramp off the Trump train, so to speak.

595
00:34:33,120 --> 00:34:35,719
Speaker 1: Um Biden should be successful even if he plays the

596
00:34:35,719 --> 00:34:41,279
Speaker 1: same Maddie you know again, Presidential politics are coalition politics.

597
00:34:41,320 --> 00:34:43,400
Speaker 1: So the question for Joe Biden is whether or not

598
00:34:43,520 --> 00:34:47,040
Speaker 1: he can assemble the coalition that at least mimics the

599
00:34:47,120 --> 00:34:52,200
Speaker 1: Obama coalition enough that it can combat the Trump coalition.

600
00:34:52,400 --> 00:34:54,600
Speaker 1: And that was always the appeal of Joe Biden was

601
00:34:54,640 --> 00:34:56,480
Speaker 1: that he was the one who would get you know,

602
00:34:56,480 --> 00:34:59,600
Speaker 1: those Trump voters, those blue collar workers who turned Republican

603
00:34:59,640 --> 00:35:01,680
Speaker 1: for the first time in thirty years because they liked

604
00:35:02,040 --> 00:35:05,319
Speaker 1: the way Trump was finally talking to them. I am

605
00:35:05,360 --> 00:35:08,480
Speaker 1: not convinced that Joe Biden just being Joe Biden is

606
00:35:08,640 --> 00:35:10,800
Speaker 1: enough to do that, because he also has to combat

607
00:35:10,840 --> 00:35:13,680
Speaker 1: the fact that there's going to be an apathy on

608
00:35:13,760 --> 00:35:16,000
Speaker 1: the left, on the the you know, the the left flank,

609
00:35:16,400 --> 00:35:18,759
Speaker 1: the same problem the Hillary couldn't had with people just

610
00:35:18,960 --> 00:35:21,040
Speaker 1: not really want to go out to vote for her.

611
00:35:21,200 --> 00:35:24,719
Speaker 1: They stay home. That coal listen to me, is still

612
00:35:24,920 --> 00:35:27,920
Speaker 1: somewhat tenuous for Joe Biden to be able to beat

613
00:35:27,960 --> 00:35:31,839
Speaker 1: the Trump coalition. I find it fascinating because even at

614
00:35:31,880 --> 00:35:35,040
Speaker 1: the cross tabs, Trumps still doing well on the issue

615
00:35:35,040 --> 00:35:41,399
Speaker 1: of the economy, which defies conventional historical context. And I think,

616
00:35:41,920 --> 00:35:43,560
Speaker 1: you know, we've got a couple of unknowns. We don't

617
00:35:43,560 --> 00:35:46,120
Speaker 1: know who Biden's gonna pick for for VP. You know,

618
00:35:46,200 --> 00:35:48,640
Speaker 1: I was talking with some Biden World sources earlier today,

619
00:35:48,719 --> 00:35:51,799
Speaker 1: and you know, they're they feel that they're that they're really,

620
00:35:52,200 --> 00:35:53,560
Speaker 1: you know, having a good summer. I mean, by all

621
00:35:53,560 --> 00:35:55,880
Speaker 1: accounts they are. But I think it it really is

622
00:35:55,880 --> 00:36:00,000
Speaker 1: going to be fascinating just to see so many unknowns,

623
00:36:00,000 --> 00:36:04,880
Speaker 1: and especially where independent voters go on on the economy. Right,

624
00:36:04,880 --> 00:36:06,399
Speaker 1: we have to keep it quick, We have to keep

625
00:36:06,400 --> 00:36:08,080
Speaker 1: it very quick. But I do want to bring back

626
00:36:08,120 --> 00:36:10,680
Speaker 1: one of my favorite segments before the pandemic, which was

627
00:36:10,680 --> 00:36:14,000
Speaker 1: What's on your radar? Very quickly, in like a couple

628
00:36:14,040 --> 00:36:17,160
Speaker 1: of seconds, mark what's on your radar? I think the

629
00:36:17,160 --> 00:36:20,760
Speaker 1: interesting that happens week Over in India, they banned fifty

630
00:36:21,920 --> 00:36:25,320
Speaker 1: yes as some more retaliation for the skirmis in the

631
00:36:25,400 --> 00:36:31,120
Speaker 1: Himalayas is also TikTok technology. Hey, if you're listening, that's

632
00:36:31,120 --> 00:36:32,440
Speaker 1: a brilliant one. And I want to make and I'm

633
00:36:32,480 --> 00:36:33,880
Speaker 1: sorry to cut you off and we just we're pressed

634
00:36:33,880 --> 00:36:36,960
Speaker 1: for time. That's my fault. But if you're listening, folks,

635
00:36:37,040 --> 00:36:39,360
Speaker 1: TikTok has banned in India because it's because of the

636
00:36:39,600 --> 00:36:42,520
Speaker 1: it's it's ruled by the Chinese. Brilliant mark um and

637
00:36:42,680 --> 00:36:45,840
Speaker 1: Keith Croc actually told us about that as well yesterday. Uh, maddie,

638
00:36:45,840 --> 00:36:50,120
Speaker 1: what's on your radar? Just real quick? There's a agency

639
00:36:50,160 --> 00:36:52,759
Speaker 1: in the Miority Business Development Agency and Commerce. I just

640
00:36:52,800 --> 00:36:55,640
Speaker 1: found this out. Their whole mission in existence of Nixon

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00:36:56,000 --> 00:36:57,600
Speaker 1: is to help my owning own business owners. So if

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00:36:57,600 --> 00:36:59,879
Speaker 1: you're my owniting, own business owner, get in touch with them.

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Speaker 1: Got tons of great resources for you. You You know what

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Speaker 1: I'm gonna say. What's on my radar is Doc Tag

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Speaker 1: Bakery because of all the great works and they just

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Speaker 1: reopened and um, I don't know, they're they're my buddies

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00:37:11,920 --> 00:37:14,560
Speaker 1: over there, um and they do such great work. So

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Speaker 1: if you need a couple of iced coffee this weekend,

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Speaker 1: take it over. Happy fourth, Mattie, Happy fourth, Mark. Appreciate

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Speaker 1: your time, and I'm gonna end it early so we

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Speaker 1: can listen to this beautiful song. Happy fourth of July.

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Speaker 1: Thank you to everyone who said serving our country and

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00:37:28,160 --> 00:37:30,279
Speaker 1: has served our country and Kevin's really you're listening to

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Speaker 1: Bloomberg nine one from True s