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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 for the United States relationship with China?

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

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

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Speaker 1: never before. We're looking at seventy Kennedys for different victims.

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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 Volatility ahead as President Trump and

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Speaker 1: Democratic presidential nominee Joe Biden planned dueling TV events tonight

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Speaker 1: instead of a debate. Plus, Wall Streets set for first

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Speaker 1: one hundred billion dollar trading year in a decade. This

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Speaker 1: is stocks trim losses amidst stimulus. Stocks hopes are fading

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Speaker 1: fast on the stimulus front. We've got Ben Emmons gonna

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Speaker 1: talk to us about the markets. Brad Blakeman in the

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Speaker 1: next hour, Maxie Burns and Tammy had Ad. Tammy had

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Speaker 1: AD's gonna join me. She's gonna give her production oversight.

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Speaker 1: She used to be one of the EPs on virtually

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Speaker 1: every show on cable, on the Today Show, and Tammy

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Speaker 1: had Ad is gonna join us to give us a

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Speaker 1: behind the scenes look on the dueling presidential town halls.

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Speaker 1: Don't miss that that's coming up next hour. But we begin,

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Speaker 1: We begin with the big story tonight, which are these

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Speaker 1: dueling town halls. Justin Sinc reporting with my colleague Jennifer

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Speaker 1: Epstein on the Bloomberg terminal, Let's go. President Donald Trump

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Speaker 1: suggested that he's likely to face tougher questions during a

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Speaker 1: televised town hall meeting on Thursday night than Democrat Joe Biden,

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Speaker 1: who will appear concurrently on another network. The candidates hour

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Speaker 1: long appearances, each starting at eight p m. New York time,

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Speaker 1: with Trump on NBC Biden on ABC, will make for

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Speaker 1: one of the stranger moments of the campaign, fracturing television

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Speaker 1: viewership as the candidates deliver their messages without the added

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Speaker 1: tention drama, oh, the drama of a debate. Justin Sink

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Speaker 1: is on the hot line. Justin, this is bizarre. I

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Speaker 1: don't know what are you gonna do. You're gonna have

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Speaker 1: like dueling screens. It's gonna be like, it's gonna be

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Speaker 1: like when the when when Chicago was playing and we

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Speaker 1: needed them to lose in the Eagles had against the

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Speaker 1: Washington football team, and you have like the screens. I

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Speaker 1: don't know what to do justin I mean, how do

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Speaker 1: I watch this thing? Yeah, I think it's a It's

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Speaker 1: a pretty tough choice, especially for voters who probably want

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Speaker 1: to hear from both of the candidates before election day.

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Speaker 1: But they are each doing these hour long segments, uh,

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Speaker 1: counterprogramming with one another. I think, you know. Obviously this

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Speaker 1: came out of the fact that President Donald Trump refused

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Speaker 1: to to do a virtual town hall debate, which is

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Speaker 1: what the Commission on Presidential Debates suggested or said how

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Speaker 1: they were going to do their debate, which would have

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Speaker 1: been tonight after his coronavirus diagnosis. Instead, Uh, the buying

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Speaker 1: campaign wants Trump announced that book to They're They're event

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Speaker 1: on a PC and then Trump booked his on NBC.

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Speaker 1: And it's interesting he's kind of admitted that he thinks

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Speaker 1: it's going to be tough questions, especially because a number

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Speaker 1: of actors, writers, and producers who worked for for Comcast

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Speaker 1: and NBC have have criticized the network for going forward

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Speaker 1: with this plan and sort of counterprogramming Biden. But he

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Speaker 1: also acknowledged that he really needs to start reaching new

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Speaker 1: audiences because to a great extent, he's got his base

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Speaker 1: locked in. You know, everybody who's watching all these appearances

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Speaker 1: that he does on Fox News and Fox Business constantly

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Speaker 1: probably already supports him. And so this is one of

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Speaker 1: the last best opportunities for the presence to sort of

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Speaker 1: reach out to people who might not already be in

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Speaker 1: that that core group. Justin Sink is with us. He's

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Speaker 1: a Bloomberg White House reporter. Of course, he's been all

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Speaker 1: over this story as we unpackage. What was supposed to

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Speaker 1: be presidential debate Night in America now is town hall

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Speaker 1: Night in America. There was a complaint to NBC. Did

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Speaker 1: you see this? Justin More than a group of more

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Speaker 1: than one actors, writers, and producers complained in a letter

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Speaker 1: to Comcast an NBC Universal about its decision to air

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Speaker 1: President Trump's town hall opposite the Biden events. The letter,

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Speaker 1: reprinted in publications like Variety, called it a disservice to

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Speaker 1: the American public. So what do they want? They didn't

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Speaker 1: want to have? I mean, I do I am confused

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Speaker 1: as to why they're on at the same time, because

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Speaker 1: it it really does make for a very difficult way

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Speaker 1: to follow everything. But what did they want to happen

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Speaker 1: have at different times? I don't understand. Yeah, I think

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Speaker 1: that the idea is that because Joe Biden was willing

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Speaker 1: to play by the rules of the debate, even though

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Speaker 1: the rules got kind of reset, that he should be

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Speaker 1: given a sort of open spot to make his case

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Speaker 1: to the American public uninterrupted by the president. And just

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Speaker 1: to be clear, he was willing to play by the rules,

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Speaker 1: according to this group of actors, but go ahead, because

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Speaker 1: the Republicans would argue that they could have punted it

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Speaker 1: until he was better. But so I just wanted be

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Speaker 1: I just want to be clear that it's all in

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Speaker 1: the eye of the beholder. Go ahead. Yeah, sure so.

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Speaker 1: Uh So, I think these these folks, which include like j. J.

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Speaker 1: Abrams and John Hamm and Aaron Sorkin, are are kind

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Speaker 1: of making this argument that Joe Biden should have been

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Speaker 1: given an uninterrupted time. Uh while I think with the

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Speaker 1: president on NBC at the same time NBC at the

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Speaker 1: same time as the former vice presidents on ABC, it's

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Speaker 1: gonna be split but I think, no matter what, these

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Speaker 1: town halls just aren't going to kind of attract the

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Speaker 1: same eyeballs at the presidential debates, would you know? People,

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Speaker 1: We've had a couple of these for both Biden and

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Speaker 1: Trump throughout the cycle, and none of them have really

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Speaker 1: generated earth chattering headlines or shifts in in voter perception.

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Speaker 1: And so I do kind of think that tonight is

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Speaker 1: is certainly not gonna offer the opportunity for either Joe

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Speaker 1: Biden just men as leader for Donald Trump to reverse

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Speaker 1: the existing trends in the way that that while on

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Speaker 1: one debate would all right, Meanwhile, let's pivot back to

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Speaker 1: Capital Hill where Senate Majority Leader Mitch McConnell says that

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Speaker 1: he has the votes to confirm Judge Amy Coney Barrett

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Speaker 1: to the Supreme Court. Is it a done deal? Justin

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Speaker 1: sinc I think so. I mean, miss McConnell doesn't make

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Speaker 1: that kind of statement unless he feels that he does

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Speaker 1: have the votes. Her confirmation, you know, kind of went

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Speaker 1: event for the sort of crucial swing Republican votes that

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Speaker 1: McConnell and Trump needed to get her nomination across and so, uh,

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Speaker 1: it never seemed like it was. It was very much

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Speaker 1: in doubt. But you also never know what's gonna kind

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Speaker 1: of bubble up in his confirmation here and her escaping

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Speaker 1: them without having sort of committed a fatal error suggests

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Speaker 1: that yes, she is going to become the next uh

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Speaker 1: justice on the Spreme Court. And and it's it's remarkable.

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Speaker 1: I'm obsessed with this. Senator Lindsey Graham race in South Carolina.

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Speaker 1: He's the chairman of the Senate Judiciary Committee. And Ryan

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Speaker 1: Teak Beckwith on the Bloomberg Terminal or colleague grind teed Beckworth.

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Speaker 1: He says that both President Trump and Senator Lindsey Graham

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Speaker 1: are ahead in South Carolina. Trump's NBC town hall form

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Speaker 1: tonight will be a rare foray outside conservative media. He

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Speaker 1: goes on to report, But but I'm on, I'm onto this.

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Speaker 1: This Lindsay Graham pole. A New York Times Siena College

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Speaker 1: pole released earlier today, has Trump leading Biden by eight

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Speaker 1: points in um In South Carolina, Graham is ahead by

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Speaker 1: six points. So I mean, you look at the swing

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Speaker 1: stage just on this particular point, they're closer than the

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Speaker 1: national polls, right, yeah, exactly. I mean South Carolina is

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Speaker 1: just a you know, it's such a sort of traditionally

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Speaker 1: Republican state than never thought that Lindsay Graham would be

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Speaker 1: in trouble. But based on fundraising numbers, the Times poll

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Speaker 1: is a little more comfortable, but other polls in recent

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Speaker 1: weeks have suggested that that race to be competitive, and

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Speaker 1: and it's sort of just striking to think. And in fact,

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Speaker 1: Lindy Graham seemed to have some words today up on

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Speaker 1: Capitol Harold Hill where he sub justin he didn't know

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Speaker 1: if he was going to be back, He didn't know

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Speaker 1: if Donald Trump was going to get reelected. And hear

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Speaker 1: that out of somebody who has been such a vocal

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Speaker 1: booster in the last couple of years for the president

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Speaker 1: and somebody who's also such an established figure on Capitol Hill. Uh,

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Speaker 1: it just kind of speaks to the sort of historic

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Speaker 1: sweep of this year's election. Hey, justin in the in

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Speaker 1: the nineties seconds or so that we have left. Let

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Speaker 1: me let me get here, because coming up, I'm talking

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Speaker 1: to Ben Emmons about the markets and what happened in

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Speaker 1: the markets today and the volatility around the stimulus talks.

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Speaker 1: Where are we on stimulus justin, I mean more back

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Speaker 1: and forth from Secretary Minution and Speaker Pelosi. They spoke today. Yeah,

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Speaker 1: I think you still have to square the circle right

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Speaker 1: where You've got Donald Trump, who has said that he

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Speaker 1: supports spending as much as possible, but doesn't seem willing

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Speaker 1: to strong arm SENTI. Republicans got Mitch McConnell, who says

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Speaker 1: that he can't really sell his caucus on on more

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Speaker 1: than a trillion dollars in spending, certainly not more than

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Speaker 1: the one point trillion that's the White House offered. And

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Speaker 1: Nancy Plosy, who says, hey, we think we need to

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Speaker 1: spend more money. We we think Republicans have kind of

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Speaker 1: downplayed the the economic and health threat of the coronavirus

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Speaker 1: all the way through, and the President agrees with us,

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Speaker 1: he wants to spend more money. So why would we

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Speaker 1: give up anything right now? I just don't know what

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Speaker 1: solves that kind of, uh, you know, three way situation.

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Speaker 1: And as a result, you know, you're seeing volatility in

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Speaker 1: the markets because I think it's dawning on people that

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Speaker 1: the deal is farther and farther away. Justin, Sinker's still

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Speaker 1: in the Carson wentz band rig, I haven't given enough hope.

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Speaker 1: I think the receivers the line all disaster right now.

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Speaker 1: He could come back, you know, but we're a couple

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Speaker 1: of years off from anything good happening. And on broad

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Speaker 1: Street justin you always have more patience than I did.

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Speaker 1: I don't patience my patients, he said, Pa said, I

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Speaker 1: think that's for my patients. Ran out in March. I'm

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Speaker 1: Kevin Cirelli. More Next, you're listening to Bloomberg. This is

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Speaker 1: Bloomberg Sound On with Kevin Shirley on Bloomberg and one

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Speaker 1: oh five point seven h D two. I'm Kevin Cirelli,

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Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

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Speaker 1: Let's dive into my terminal stocks paired losses as traders

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Speaker 1: awaited news on negotiations over a fresh round of stimulus

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Speaker 1: amid a resurgence in coronavirus cases around the globe, the

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Speaker 1: dollar climbed, the SMP five came off sessions lows as

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Speaker 1: banks remounted from a two day sell off, and energy

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Speaker 1: shares rallied. Speaker Pelosi told Democrats that a COVID nineteen

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Speaker 1: relief package won't wait until January, she was scheduled to

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Speaker 1: have another call with Secretary Monution. All right, let's take

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Speaker 1: a list and before we get into our next guests,

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Speaker 1: the All Star Ben Emmon's, let's first take a listen

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Speaker 1: to what Morgan Stanley CFO I had to say, Jonathan

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Speaker 1: proves him. What he had to say about a potential

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Speaker 1: for the blue wave and what it would mean for

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Speaker 1: the markets. Serio is I think the best outcome is

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Speaker 1: a is a quick outcome for the election. The markets

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Speaker 1: don't like uncertainty. UM. I think the blue wave um

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Speaker 1: uh is out there. I think that's partially priced into

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Speaker 1: the market, and I think that's a function of whether

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Speaker 1: it's uh whether regardless of the outcome of the election,

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Speaker 1: I think the expectation is continued fiscal support. Uh. It's

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Speaker 1: not a question of when. But it's a question excuse me,

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Speaker 1: it's not a question of if. It's really a question

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Speaker 1: of when and how big? That what he made those

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Speaker 1: remarks to UH to my colleague Alex Steel earlier today

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Speaker 1: on Bloomberg Television. Ben Emmons is a Managing director of

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Speaker 1: Global macro Strategy at Medleag Global Advisors. Ben, there it is,

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Speaker 1: I mean I laid it out. You stocks tim in

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Speaker 1: their losses. Amidst the stimulus talks, you got Wall Street

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Speaker 1: talking about the prospects of the blue wave. What am

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Speaker 1: I missing, Kevin, It's good to be back. Yeah, well

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Speaker 1: you're not missing as much there and that and the

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Speaker 1: headline the thoughts that you know, again the market wants

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Speaker 1: to wants to certainty and is trying to price that

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Speaker 1: in extrapolating out what the stimulus looks like in the future.

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Speaker 1: And the sequence Actually interesting how that this evolved right

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Speaker 1: since the middle of September when Joe Biden took really

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Speaker 1: lead in the polls, and then of course after the

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Speaker 1: presidential debates, I think particularly then that really took off.

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Speaker 1: And actually as the president unfortunately diagnosed with COVID, I

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Speaker 1: think what then really became the thought of the market

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Speaker 1: was like, well, if Joe Biden will win, there's also

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Speaker 1: a really good chance that the center will not only

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Speaker 1: flip have become a maybe maybe somewhat bigger majority than

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Speaker 1: people's thoughts, And all of it sets up for this

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Speaker 1: this bridge for much much further extend out into the

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Speaker 1: future in terms of fiscal stimulus, which larger so that

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Speaker 1: continues to be the narrative in the market. I think

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Speaker 1: when we came in this morning, that narrative is a

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Speaker 1: little bit taken back because in Europe, you know that

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Speaker 1: dealing with this resurgence of the virus makes people again

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Speaker 1: aware of that the economy remains hamstrung by the virus,

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Speaker 1: therefore making essential that this bridge stays in tact into

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Speaker 1: the future. At this fiscal bridge. So encouraging to hear

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Speaker 1: Blosium and Nuchin again trying to come together to get

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Speaker 1: this this short term deal done. But I think what

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Speaker 1: the market really cares about is that whomever will occupy

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Speaker 1: the White House on November three, because that you know,

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Speaker 1: we start to weight that result, there will be stimilus

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Speaker 1: coming really behind that, and I think that is the

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Speaker 1: big focus for the markets, the big stimulus that leads

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Speaker 1: us into one I want to I want to touch

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Speaker 1: on two points that you make in your most recent

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Speaker 1: note that Emmons is with us. He is the managing

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Speaker 1: director of Global macro Strategy at Medleag Global Advisors. The

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Speaker 1: first is, and you you identify this so brilliantly. The

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Speaker 1: first is this other narrative. Right we in Washington, d C.

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Speaker 1: In the Beltway, we're obviously obsessed over the outcome of

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Speaker 1: the upcoming elections and and who's going to have control

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Speaker 1: over Congress, and and and whatnot. But there's another narrative

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Speaker 1: at work. You write in your in your latest note,

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Speaker 1: the end of the COVID crisis as vaccines and new

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Speaker 1: therapeutics continue to be made available over the next few months. Quote,

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Speaker 1: you write, this anticipation around an end to the crisis

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Speaker 1: and the full reopening of the economy can be seen

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Speaker 1: in ongoing signs of momentum through global manufacturing and trade activity.

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Speaker 1: And so talk to me about this narrative and how

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Speaker 1: it in many ways could be just as important, or

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Speaker 1: somewhould argue more important than whomever, than whatever the political

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Speaker 1: outcome is this November. Yes, absolutely the more important narrative.

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Speaker 1: And it's really I would say that's truly supporting the

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Speaker 1: markets because I think just quickly stepping back to yesterday's

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Speaker 1: news on on on some of the vaccine delay because

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Speaker 1: of you know, naturally that happens during these trials, that

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Speaker 1: did impact the market negatively briefly, but it did impact

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Speaker 1: negatively because that vaccine is obviously so key to this

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Speaker 1: idea that ultimately we're going to end this crisis, and

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Speaker 1: now anyone who studies epidemiology, it's a pretty complex process.

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Speaker 1: But at the end of the day, the vaccine is

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Speaker 1: the key solution to that, to that answer solving the crisis.

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Speaker 1: So the narrative of the end of the crisis is

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Speaker 1: really in the mind of people. And if you think

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Speaker 1: about the markets, if you look at vaccine companies that

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Speaker 1: are particularly in stage three trial um, you know that

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Speaker 1: they are trading at a significant premium to the market

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Speaker 1: in terms of the return that they've had so far

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Speaker 1: this year. So there's a big anticipation there. There's also

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Speaker 1: a lot of let's say, a lot of hinges on

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Speaker 1: it that. There's also the fiscal stimus actually itself changes

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Speaker 1: on that as well as the martyr stimulusm market policy,

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Speaker 1: and the economy obviously, so it's key. And then do

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Speaker 1: that is that as the vaccine does come about the

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Speaker 1: next year and I would expect actually dubbed the flood

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Speaker 1: of vaccines next year because it's not just the United States,

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Speaker 1: it will be global. You know KOVACS, which is that

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Speaker 1: initiative with China and several other countries. They're going to

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Speaker 1: try and produce up to billion doses, right and that's

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Speaker 1: that's what a big topic today at the MF conference.

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Speaker 1: That will be really important, right because it's just not

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Speaker 1: just the US economy that will benefit from that, but

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Speaker 1: the entire global economy, because yes, the vaccine would allow

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Speaker 1: for full reopening off the economy. Right now, we're sort

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Speaker 1: of halfway reopened, and there's there's an in Paris. They're

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Speaker 1: shutting it down even more. You're in, they're out, You're in,

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Speaker 1: You're outmon Is with us. I want to make sure

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Speaker 1: I get this question in before because you've got like

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Speaker 1: two minutes left. But you also write in your note

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Speaker 1: that the election has policy implications globally, and I want

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Speaker 1: to focus on this because I don't think I do

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Speaker 1: it enough on the show. Globally, the election has policy

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Speaker 1: implications in terms of monetary stimulus, trade, and national security,

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Speaker 1: as well as geopolitical risks. Talk to me about the

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Speaker 1: implications in terms of monetary stimulus um as well as

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Speaker 1: trade in terms of the election globally. Yeah, the global

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Speaker 1: implications are a pretty spread out. It's in the one

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Speaker 1: hand that you would have the effect on that it

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Speaker 1: could have on the dollar, right, because if the election

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Speaker 1: is a really determined outcome, the dollar may start to

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Speaker 1: change in value, right, they know, it could well be

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Speaker 1: that we were not staying in a week dollar environment,

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Speaker 1: but we may strengthen, right, and that could have impact

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Speaker 1: on markets, and that could change multi policy not as

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Speaker 1: a Europe in Japan, but also in Asia and other areas,

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Speaker 1: because the strengthening dollar tends to provoke multi policy action globally. Um.

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Speaker 1: The second thing is, of course there is an underlying

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Speaker 1: geo political aspect of this. Two that this coribution of

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Speaker 1: the vaccine, for example, is highly complex, right, so that

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Speaker 1: there will be a fair bit of two political tension.

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Speaker 1: I think about that. And and because the election is

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Speaker 1: also determining there, right, whomever comes into the White House,

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Speaker 1: we'll have to take on the lead on on on

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Speaker 1: warp speeding that vaccine we're doing currently, right, So that's

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Speaker 1: that's that's an important political aspect, I guess. Last see,

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Speaker 1: it's it's moral about you know, how how will people

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Speaker 1: perceive US policy from here, particularly relates to trade. I

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Speaker 1: think that that will be another important change. You know,

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Speaker 1: some people say that the terms could be rolled back

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Speaker 1: in in either in Trump's second term or on the

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Speaker 1: Biden And if that actually happens, would be very significant

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Speaker 1: in terms of economic impact both in the States, in China,

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Speaker 1: moth globally. Right. So that that well, Bett Evans, thank

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Speaker 1: you so much for making the time. And you mentioned trade.

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Speaker 1: We have a sound by the President Trump talking about

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Speaker 1: on his way earlier today to Greenville, North Carolina, talking

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Speaker 1: about out the European Union and if they hit the

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Speaker 1: United States with teriffs, that they would strike back much harder.

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Speaker 1: Take a listen to President Trump here is We'll see

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Speaker 1: what happens. If they strike back, then we'll strike much

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Speaker 1: harder than they'll strike. They don't want to do anything.

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Speaker 1: I can tell you that trade disputes still up until

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Speaker 1: election day are thanks to Ben Emmon's, of course, for

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Speaker 1: breaking down all of that. Managing Director of Global Macro

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Speaker 1: Strategy at Medley Or. Coming up next, I'm Kevin CURRELLI.

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Speaker 1: This is Bloomberg Live from our Nations. How do we

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

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Speaker 1: impacting farmers. What does this do from the United States

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Speaker 1: relationship with China. Floomberg sound on the insiders, the influencers,

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Speaker 1: the inside. We're responding to this crisis and manufacturers are

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Speaker 1: stepping up like never before. You're looking at seveny Kennedys

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

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

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Speaker 1: On with Kevin Surrelate on bloom Bird Dueling presidential town halls.

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Speaker 1: You gotta flip flap back and forth the full fallout

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Speaker 1: from what's gonna be what could have been debate night

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Speaker 1: in America now town hall night on dueling stations. Dammy

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Speaker 1: had Ad weighs in on the behind the scenes action.

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Speaker 1: Plus Senator Kamala Harris halts her campaign travel as two

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Speaker 1: of her staffers test positive for COVID nineteen. She says

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Speaker 1: she was not in close contact with those individuals and

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Speaker 1: that she has tested negative. All of that, plus what's

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Speaker 1: going on in the markets and around the world as

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Speaker 1: COVID cases continue to rise in parts of the world

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Speaker 1: that has investors on edge. The big story tonight, and

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Speaker 1: we'll dive into all of the different angles, but we'll

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Speaker 1: touch on it right now, which is are these dueling

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Speaker 1: town halls? Remember it was supposed to be the debate,

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Speaker 1: but now President Trump is going to speak on one

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Speaker 1: network NBC and their affiliates and Joe Biden's going to

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Speaker 1: speak on another network on ABC and a p M. Eastern.

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Speaker 1: I mean, it's it's it's. It really reminds me of

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Speaker 1: when you have like dueling games and you need one

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Speaker 1: team to lose one team to win, like the Eagles

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Speaker 1: the other year when they are up against the Washington

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Speaker 1: football team. I don't know how I'm gonna cover this thing.

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Speaker 1: Brad Blakeman, Republican strategist, former deputy assistant to President George W. Bush,

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Speaker 1: is with with us MAXI Burns, Democratic strategist, contributor at

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Speaker 1: The Daily Beast, the New York Daily News, and The Independent. Max,

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Speaker 1: how do you watch this thing? I I don't know.

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Speaker 1: I mean, this is this just screams ratings over Republic

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Speaker 1: all over it. I mean, of all the possible times

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Speaker 1: that NBC could have scheduled this, of all the possible days,

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Speaker 1: it's a very very intentional decision to program this against

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Speaker 1: one of their competitors, and I don't think it does

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Speaker 1: an informed electorate any favors by doing it this way. Brad,

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Speaker 1: I have to agree. I think that it's uh, you know,

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Speaker 1: it's going to have a very divided audience. Of course,

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Speaker 1: the key is gonna be how many eyeballs watched each event,

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Speaker 1: and then of course it's going to be uh, what

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Speaker 1: is reported out of each event? Um? What what what

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Speaker 1: is the takeaway? What is the gas if any on

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Speaker 1: either side? Um? But I don't think it's gonna be

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Speaker 1: you know, persuadable um in this format. I think people

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Speaker 1: have to wait for the next main attraction. Hopefully it's

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Speaker 1: coming the last and final debate where we'll actually see

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Speaker 1: the two of them on the stage together. It really

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Speaker 1: is remarkable. Um. And again that debate still scheduled for

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Speaker 1: next week in Nashville, Tennessee. Okay, switching gears. The other

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Speaker 1: big political dominant story of today was two aids to

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Speaker 1: Democratic vice presidential nominee Kamala Harris tested positive for COVID nineteen.

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Speaker 1: Senator Harris put out a statement saying that she has

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Speaker 1: tested negative, but she has now suspended travel through Sunday,

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Speaker 1: so she's gonna do virtual events just to be safe. Uh,

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Speaker 1: and she'll return to the campaign trail on Monday. I mean,

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Speaker 1: max A's you know, I mean, she she doesn't really

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Speaker 1: have a choice, but I mean this, she was aggressive

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Speaker 1: out on the campaign. She had an aggressive schedule. Better

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Speaker 1: let me she had an aggressive schedule. Uh, and and

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Speaker 1: she loves the campaign, so she's got it, you know,

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Speaker 1: for four days, she's not gonna she's gonna be off

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Speaker 1: the trail. Yeah. And Kamala Harris, really this comes at

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Speaker 1: a time when she's just really hit her groove on messaging. Uh.

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Speaker 1: And we've started to see that in crowds and in

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Speaker 1: the response there. But this is the right choice. I

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Speaker 1: mean there there was, of course the option to do

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Speaker 1: what the Trump team didn't go out and still give

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Speaker 1: rallies and downplay it and say everything is fine. But

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Speaker 1: at this point I think it sets a much better

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Speaker 1: example to play it safe. They certainly have a little

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Speaker 1: bit of wiggle room to take a couple of days

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Speaker 1: and just be sure. And it's important to note that

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Speaker 1: Joe Biden also tested negative, so that there's no confusion there.

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Speaker 1: Brat come come in here, because Max is raised. Is

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Speaker 1: the Body campaign setting a different example than what the

429
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Speaker 1: Trump campaign did? No? I think karma is a strange thing. Um.

430
00:24:08,600 --> 00:24:10,560
Speaker 1: You know, when some White House officials got it, when

431
00:24:10,600 --> 00:24:14,119
Speaker 1: the president got it, Uh, they were gloating that somehow

432
00:24:14,160 --> 00:24:17,280
Speaker 1: they asked for it. Um. I just recovered from COVID

433
00:24:17,320 --> 00:24:18,720
Speaker 1: and I can tell you I did everything I was

434
00:24:18,760 --> 00:24:22,760
Speaker 1: supposed to do. It's an insidious thing. It happens. It's

435
00:24:22,800 --> 00:24:27,560
Speaker 1: a force of nature. Democrats think they control the weather, hurricanes, tornadoes.

436
00:24:27,960 --> 00:24:31,320
Speaker 1: He can't do it. You can mitigate it. Um. I

437
00:24:31,359 --> 00:24:34,119
Speaker 1: think Kamala Harris has to do within her health interest

438
00:24:34,160 --> 00:24:36,680
Speaker 1: and in the health interests of others. Joe Biden can't

439
00:24:36,680 --> 00:24:40,080
Speaker 1: get it. He's a mummy, he wears like five different masks,

440
00:24:40,200 --> 00:24:44,400
Speaker 1: he's a question in his basement. He doesn't have events

441
00:24:44,520 --> 00:24:48,320
Speaker 1: per se. Uh. So, I mean, you know, I pray

442
00:24:48,359 --> 00:24:52,359
Speaker 1: he doesn't get it. But Democrats were pretty gloatful when

443
00:24:52,480 --> 00:24:56,000
Speaker 1: you know, the president got it and some aid's got it. Now, Uh,

444
00:24:56,240 --> 00:24:58,480
Speaker 1: the shoes on the other foot. Nobody should gloat about

445
00:24:58,520 --> 00:25:02,680
Speaker 1: this thing. Nobody should say that people were irresponsible when

446
00:25:02,680 --> 00:25:06,280
Speaker 1: they get it. Um. And you know, if anything, we

447
00:25:06,280 --> 00:25:10,880
Speaker 1: should be uh, you know, concerned about each other. And meanwhile,

448
00:25:11,320 --> 00:25:15,600
Speaker 1: just ay a, the Biding campaign has found headline crossing

449
00:25:15,600 --> 00:25:17,720
Speaker 1: the blueber terminal. The Biding campaign has found a third

450
00:25:17,800 --> 00:25:22,960
Speaker 1: virus link this as Harris suspends travel through uh Sunday.

451
00:25:23,359 --> 00:25:25,959
Speaker 1: You know, Brad, I didn't know you had COVID. So

452
00:25:26,080 --> 00:25:29,480
Speaker 1: I I am so great, you revered And what was that?

453
00:25:29,640 --> 00:25:31,720
Speaker 1: What was that? Like? I mean, you don't have to share,

454
00:25:31,800 --> 00:25:34,920
Speaker 1: but you already well you know, I had a fever,

455
00:25:35,040 --> 00:25:37,640
Speaker 1: I had chills, I had uh you know you feel

456
00:25:37,680 --> 00:25:42,560
Speaker 1: lethargeant Um, you know it ran its course. I did

457
00:25:42,600 --> 00:25:45,760
Speaker 1: what I was told and uh, I had a negative

458
00:25:45,800 --> 00:25:50,320
Speaker 1: test yesterday reported back. Um, But life goes on in

459
00:25:50,320 --> 00:25:52,760
Speaker 1: in But I did everything I was supposed to do.

460
00:25:52,840 --> 00:25:55,600
Speaker 1: I wore a mask, a socially distanced, but I wasn't

461
00:25:55,600 --> 00:25:57,640
Speaker 1: a hermit. I went out for dinner, I went out

462
00:25:57,680 --> 00:26:00,920
Speaker 1: for lunch after you cover, right, I mean not when

463
00:26:00,960 --> 00:26:04,240
Speaker 1: you had it? Oh yeah, yeah, not while I was sick. No, no, no, no, no,

464
00:26:04,240 --> 00:26:05,919
Speaker 1: no no no. I did everything I was supposed to

465
00:26:05,920 --> 00:26:08,159
Speaker 1: do while I was sick, and I and I stayed

466
00:26:08,160 --> 00:26:12,600
Speaker 1: in my home. I had touchless delivery and I did

467
00:26:12,600 --> 00:26:15,720
Speaker 1: the responsible thing. But lucky for me, they were mild.

468
00:26:16,200 --> 00:26:21,960
Speaker 1: Uh you know, symptoms and you write it out, but um,

469
00:26:22,000 --> 00:26:25,440
Speaker 1: you know I traveled the country prior to that way,

470
00:26:25,440 --> 00:26:28,840
Speaker 1: prior to my illness, and I know I've been a

471
00:26:28,880 --> 00:26:33,000
Speaker 1: place like Portland and in Chicago and Seattle and in

472
00:26:33,240 --> 00:26:35,840
Speaker 1: l A. And I can tell you it sure is

473
00:26:35,880 --> 00:26:39,240
Speaker 1: worse than the disease. The things that I have experienced

474
00:26:39,320 --> 00:26:43,200
Speaker 1: in urban America, suburban and and the in rural America

475
00:26:43,440 --> 00:26:47,960
Speaker 1: is devastating. And what our country has been put through,

476
00:26:48,520 --> 00:26:52,920
Speaker 1: some of it uh needlessly in my opinion is uh,

477
00:26:53,080 --> 00:26:55,679
Speaker 1: you know, far out outweighs the risk of the of

478
00:26:55,720 --> 00:26:57,760
Speaker 1: this disease. I want to rip up this script because

479
00:26:57,760 --> 00:26:59,240
Speaker 1: I have a follow up question for you, because I

480
00:26:59,280 --> 00:27:02,320
Speaker 1: think what we're touching on is is something difficult. I

481
00:27:02,359 --> 00:27:05,159
Speaker 1: think that the media potentially isn't talking about, which is

482
00:27:06,000 --> 00:27:10,479
Speaker 1: thousands of people have contracted the COVID nineteen virus and

483
00:27:10,520 --> 00:27:14,840
Speaker 1: recovered and rad you're offering a glimpse into the psychology

484
00:27:14,880 --> 00:27:18,840
Speaker 1: of a Republican voter who might have had COVID nineteen

485
00:27:18,880 --> 00:27:24,280
Speaker 1: recovered and it is still frustrated with the recovery from

486
00:27:24,320 --> 00:27:28,600
Speaker 1: an economic standpoint. Yeah, and there's no there's no doubt

487
00:27:28,600 --> 00:27:32,840
Speaker 1: about it. I am frustrated for our country, Um I am.

488
00:27:33,160 --> 00:27:36,400
Speaker 1: You know. I go to a family owned business who

489
00:27:36,400 --> 00:27:40,040
Speaker 1: owns a restaurant in near me and Alexandria, and I

490
00:27:40,080 --> 00:27:43,280
Speaker 1: go there almost religiously, not only because the food is good,

491
00:27:43,320 --> 00:27:45,960
Speaker 1: but I feel for this family who's been in business

492
00:27:45,960 --> 00:27:48,840
Speaker 1: for forty years and it's hanging on by a thread.

493
00:27:49,560 --> 00:27:51,640
Speaker 1: Yeah all right, Well, the panel is going to stay

494
00:27:51,640 --> 00:27:54,119
Speaker 1: and coming up next, we'll talk about stimulus talks and

495
00:27:54,440 --> 00:27:56,439
Speaker 1: get a special behind the scenes look at the dueling

496
00:27:56,720 --> 00:27:59,960
Speaker 1: town halls. Download the sound On podcast on Apple I

497
00:28:00,040 --> 00:28:02,800
Speaker 1: Tunes of Bloomberg dot Com, or by downloading the Bloomberg

498
00:28:02,800 --> 00:28:05,200
Speaker 1: Business app. You can also find me on Radio dot com,

499
00:28:05,200 --> 00:28:09,360
Speaker 1: I Heart Radio, and Spotify. Up next Toimmy had Ad

500
00:28:09,359 --> 00:28:12,720
Speaker 1: of hat Ad Media to give us a rare behind

501
00:28:12,720 --> 00:28:16,240
Speaker 1: the scenes look of the dueling town halls that's coming

502
00:28:16,280 --> 00:28:25,280
Speaker 1: up next. I'm Kevin SURRELLI. You're listening to Bloomberg. This

503
00:28:25,560 --> 00:28:31,359
Speaker 1: is Bloomberg Sound On with Kevin Surreley on Bloomberg Radio ACCD.

504
00:28:32,440 --> 00:28:36,320
Speaker 1: I'm n Chief Washington correspondent for Bloomberg Television and for

505
00:28:36,400 --> 00:28:40,160
Speaker 1: Bloomberg Radio. Our next guest returned to the program where

506
00:28:40,240 --> 00:28:43,880
Speaker 1: she will offer her expertise on behind the scenes production

507
00:28:44,440 --> 00:28:47,400
Speaker 1: of these dueling presidential town halls. You really can't make

508
00:28:47,440 --> 00:28:50,800
Speaker 1: it up. It was supposed to be debate night in America,

509
00:28:51,360 --> 00:28:54,480
Speaker 1: but now President Trump and Joe Biden will have two

510
00:28:54,720 --> 00:28:59,480
Speaker 1: competing town halls, hour long appearances on two different networks

511
00:28:59,720 --> 00:29:02,560
Speaker 1: each starting at eight pm Eastern New York time, with

512
00:29:02,680 --> 00:29:07,480
Speaker 1: Trump on NBC and Biden on ABC. Tammy hat Ads

513
00:29:07,480 --> 00:29:09,640
Speaker 1: with us. She, of course, is the CEO of hat

514
00:29:09,680 --> 00:29:14,120
Speaker 1: Ad Media. She's worked for virtually everyone. She got her

515
00:29:14,120 --> 00:29:17,360
Speaker 1: start at k d K A when a little known

516
00:29:17,440 --> 00:29:20,920
Speaker 1: or radio host named Larry King had a radio show

517
00:29:21,280 --> 00:29:23,280
Speaker 1: before he went on to of course, have the Larry

518
00:29:23,360 --> 00:29:26,959
Speaker 1: King The Larry King Show. Tammy, Pittsburgh native, how are you.

519
00:29:28,120 --> 00:29:30,880
Speaker 1: I'm great, my friend. It's so wonderful to be with you,

520
00:29:31,160 --> 00:29:33,080
Speaker 1: even though you're from the other side of the state

521
00:29:33,200 --> 00:29:36,360
Speaker 1: of Pennsylvania. And you know what's exciting about this election.

522
00:29:36,680 --> 00:29:39,480
Speaker 1: It's all about Pennsylvania. I know, well, when is it

523
00:29:39,560 --> 00:29:44,920
Speaker 1: not about Pennsylvania. It's always been. It's always about us,

524
00:29:44,920 --> 00:29:48,600
Speaker 1: our families. And as we've discussed before, it's a real

525
00:29:48,680 --> 00:29:53,520
Speaker 1: toss up there. It really is up. And of course why,

526
00:29:53,600 --> 00:29:59,000
Speaker 1: which is why Donald Trump is going on NBC because

527
00:29:59,040 --> 00:30:01,880
Speaker 1: he knows he need needs to keep communicating. And what

528
00:30:02,000 --> 00:30:05,320
Speaker 1: a hell of an opportunity at eight o'clock at night

529
00:30:05,880 --> 00:30:09,520
Speaker 1: to talk to everyone. And you know, you can't blame NBC.

530
00:30:10,480 --> 00:30:14,280
Speaker 1: I mean that, you know, ABC is a competitor, right right, So,

531
00:30:14,440 --> 00:30:17,760
Speaker 1: but why wouldn't you hurt your competitor and help yourself. Okay,

532
00:30:17,760 --> 00:30:19,440
Speaker 1: So there's so many different angles, and this is why

533
00:30:19,440 --> 00:30:21,320
Speaker 1: I'm so great to have tam, grateful to have Tammy

534
00:30:21,320 --> 00:30:23,600
Speaker 1: on the show. Okay, So let's start with the ABC

535
00:30:23,720 --> 00:30:27,080
Speaker 1: NBC angle. Because there was a decision to have both

536
00:30:27,080 --> 00:30:30,200
Speaker 1: of these hour long town halls on at the same time.

537
00:30:30,440 --> 00:30:32,480
Speaker 1: Then this letter comes out signed by a bunch of

538
00:30:32,480 --> 00:30:36,040
Speaker 1: producers and writers and actors and they too that they

539
00:30:36,080 --> 00:30:39,520
Speaker 1: sent to NBC Universal saying don't have it on at

540
00:30:39,560 --> 00:30:42,520
Speaker 1: the same time. And you know, Biden's following the rules.

541
00:30:42,840 --> 00:30:45,720
Speaker 1: The Hollywood crowd is saying uh, and and Trump isn't.

542
00:30:45,800 --> 00:30:48,520
Speaker 1: But take us from a network perspective, You've worked at

543
00:30:48,520 --> 00:30:52,960
Speaker 1: all these places. From a network perspective, why is that decision?

544
00:30:53,280 --> 00:30:55,480
Speaker 1: Is that beneficial to the voters to have these two

545
00:30:55,480 --> 00:30:59,160
Speaker 1: events on at the same time. Well, one could argue

546
00:30:59,680 --> 00:31:02,560
Speaker 1: that the fact that there's so much coverage of the

547
00:31:02,600 --> 00:31:05,600
Speaker 1: two of them off off each office, opposite each other,

548
00:31:06,120 --> 00:31:09,720
Speaker 1: will provide a larger audience for both And I would

549
00:31:09,720 --> 00:31:12,000
Speaker 1: actually make that argument as well. And you know what,

550
00:31:12,400 --> 00:31:15,760
Speaker 1: there's something called a d v R. I don't know

551
00:31:15,800 --> 00:31:19,520
Speaker 1: if you've heard of it, and some people actually have

552
00:31:19,720 --> 00:31:22,960
Speaker 1: it and they might be able to record and see

553
00:31:23,360 --> 00:31:25,160
Speaker 1: one or the other. Do you know what's really interesting

554
00:31:25,200 --> 00:31:28,160
Speaker 1: about this? So, Kevin, it is true that the networks

555
00:31:28,240 --> 00:31:31,959
Speaker 1: are fully competitive. Now, NBC, well, I've worked twice and

556
00:31:32,000 --> 00:31:34,560
Speaker 1: I love them, and I do love the people at ABC.

557
00:31:35,000 --> 00:31:38,600
Speaker 1: But NBC went back. They already had Joe Biden on

558
00:31:39,120 --> 00:31:41,880
Speaker 1: and the same time a p M. So they went

559
00:31:41,920 --> 00:31:44,600
Speaker 1: to the Trump campaign and offered them the same thing

560
00:31:44,680 --> 00:31:48,240
Speaker 1: that's separate from any of this tonight, right and then

561
00:31:48,520 --> 00:31:51,840
Speaker 1: and then the Trump campaign came back and said, okay,

562
00:31:51,880 --> 00:31:54,880
Speaker 1: what were they going to do? Move it to another time. Now,

563
00:31:55,240 --> 00:31:58,160
Speaker 1: let's take the Trump campaign point of view. How smart

564
00:31:58,160 --> 00:32:02,880
Speaker 1: were they to accept it and accepted opposite Biden? Because

565
00:32:03,000 --> 00:32:05,280
Speaker 1: if there's anything we know about President Trump, he likes

566
00:32:05,280 --> 00:32:09,040
Speaker 1: to show he likes a competition. If you look at

567
00:32:09,160 --> 00:32:13,680
Speaker 1: Drudge Report today, it has a picture of you know,

568
00:32:14,200 --> 00:32:17,280
Speaker 1: takes the Apprentice right back. And by the way, that's

569
00:32:17,320 --> 00:32:20,479
Speaker 1: all good for the Trump Trump brand. What I worry

570
00:32:20,480 --> 00:32:24,200
Speaker 1: about is does it make people more cynical about media

571
00:32:24,760 --> 00:32:27,520
Speaker 1: and what we're doing. Did it looks selfish? So says

572
00:32:27,520 --> 00:32:30,840
Speaker 1: their Conde, the new head of NBC News and and um,

573
00:32:30,920 --> 00:32:34,400
Speaker 1: the company has said, you know, hey, this wasn't a plan.

574
00:32:34,520 --> 00:32:38,600
Speaker 1: No conspiracy here, no hoax. This was what we originally offered,

575
00:32:38,680 --> 00:32:41,120
Speaker 1: and they said, guess who is going to say no

576
00:32:41,320 --> 00:32:43,040
Speaker 1: to that? Do you think here, do you know what

577
00:32:43,080 --> 00:32:45,280
Speaker 1: we should be talking about? CDs? How do you think

578
00:32:45,280 --> 00:32:47,720
Speaker 1: the people at CDs fields right then? No one's even

579
00:32:47,760 --> 00:32:50,520
Speaker 1: talking about them, right right? I mean it is this

580
00:32:50,600 --> 00:32:52,440
Speaker 1: is why I mean, Timmy had adds with me. She's

581
00:32:52,440 --> 00:32:55,600
Speaker 1: the president and CEO of HAD that media. Really, uh,

582
00:32:55,800 --> 00:32:58,440
Speaker 1: just the experience that she hasn't dealing with all of

583
00:32:58,440 --> 00:33:00,960
Speaker 1: the behind the scenes and all the networks is really

584
00:33:01,000 --> 00:33:05,080
Speaker 1: just so incredibly important, especially on a story like this. Okay,

585
00:33:05,080 --> 00:33:08,200
Speaker 1: so we touched on the corporate media angle, but now

586
00:33:08,360 --> 00:33:10,400
Speaker 1: just from just take this moment and try to put

587
00:33:10,400 --> 00:33:13,360
Speaker 1: it in perspective for us, because apparently the debate next

588
00:33:13,360 --> 00:33:16,440
Speaker 1: week is still on in Nashville, Tennessee. I got my tickets.

589
00:33:16,440 --> 00:33:19,479
Speaker 1: I'm ready to go to Nashville. But you know, if

590
00:33:19,520 --> 00:33:22,440
Speaker 1: we've seen anything the volatility in regards to the two

591
00:33:22,440 --> 00:33:25,360
Speaker 1: campaigns in the debate commission, I mean, it is has

592
00:33:25,360 --> 00:33:29,320
Speaker 1: it ever been like this? Never? And actually, to your point,

593
00:33:29,440 --> 00:33:33,880
Speaker 1: if your NBC would you risk a hard booking of

594
00:33:33,960 --> 00:33:37,440
Speaker 1: the president when you know he might not do the

595
00:33:37,520 --> 00:33:41,000
Speaker 1: debate the next week? Right? I mean, so why would

596
00:33:41,000 --> 00:33:43,560
Speaker 1: you take the chance? You Finally, what's interesting about it

597
00:33:43,720 --> 00:33:46,600
Speaker 1: is the end. You know, the president has done nothing

598
00:33:46,640 --> 00:33:49,680
Speaker 1: but you know trash NBC for a very long time

599
00:33:49,720 --> 00:33:54,280
Speaker 1: and today Savannah Guthrie and Chuck Todd, and yet he's

600
00:33:54,360 --> 00:33:56,960
Speaker 1: going in there. He just knows how to trump it

601
00:33:57,080 --> 00:34:01,080
Speaker 1: up and also with it with the um New York

602
00:34:01,160 --> 00:34:04,600
Speaker 1: Post story. You know, do you know, Kevin? In October?

603
00:34:04,880 --> 00:34:10,440
Speaker 1: Remember in October everyone puts all the garbage out, everything

604
00:34:10,480 --> 00:34:13,600
Speaker 1: they've ever had. They open up the can, they open

605
00:34:13,680 --> 00:34:15,879
Speaker 1: up Pandora, Fox, and they put it all out there.

606
00:34:16,280 --> 00:34:19,759
Speaker 1: Although this year it's so late to put all of

607
00:34:19,760 --> 00:34:22,200
Speaker 1: this out because so many people have voted. I mean,

608
00:34:22,239 --> 00:34:24,560
Speaker 1: do you think they'll be you are at the last debate?

609
00:34:25,120 --> 00:34:28,080
Speaker 1: Do you think they'll be much of an impact based

610
00:34:28,120 --> 00:34:31,279
Speaker 1: on what happens tonight next? Wew? I think? And I

611
00:34:31,320 --> 00:34:33,359
Speaker 1: think you know, you just did a really great point

612
00:34:33,520 --> 00:34:35,600
Speaker 1: in terms of in terms of talking about how the

613
00:34:35,640 --> 00:34:38,120
Speaker 1: media will cover each event, and so it doesn't really

614
00:34:38,160 --> 00:34:40,760
Speaker 1: matter if if they're watching it live. I do think,

615
00:34:41,120 --> 00:34:43,160
Speaker 1: you know, and maybe I'm an optimist or maybe I'm

616
00:34:43,200 --> 00:34:45,400
Speaker 1: old school Timmy, but I do think there is something

617
00:34:45,440 --> 00:34:49,680
Speaker 1: to be said for for people watching debates to inform themselves.

618
00:34:49,800 --> 00:34:52,279
Speaker 1: Even if they don't want the other candidate to win,

619
00:34:52,440 --> 00:34:55,480
Speaker 1: they still deserve to know the direction of the country

620
00:34:55,760 --> 00:34:59,080
Speaker 1: from a geopolitical standpoint, from an economic standpoint, that the

621
00:34:59,200 --> 00:35:02,960
Speaker 1: other can innident nominee might take the direction of the country.

622
00:35:03,000 --> 00:35:05,240
Speaker 1: And so I hope, Tammy, in the in the minute

623
00:35:05,239 --> 00:35:07,040
Speaker 1: that I've left with you, I mean, I hope that

624
00:35:07,120 --> 00:35:09,600
Speaker 1: this debate goes on next week, because I think it's important.

625
00:35:09,600 --> 00:35:13,920
Speaker 1: It's an American it's an American tradition, correct, and you

626
00:35:13,920 --> 00:35:16,680
Speaker 1: know what, and people do learn so much about it.

627
00:35:16,760 --> 00:35:18,960
Speaker 1: And despite the fact we've been dealing with this for

628
00:35:19,040 --> 00:35:21,840
Speaker 1: two years, most people aren't even going to pay attention

629
00:35:21,960 --> 00:35:26,520
Speaker 1: till this week. So let's hope everybody watches tonight, all right, Tammy.

630
00:35:26,760 --> 00:35:29,560
Speaker 1: Tammy had a president and CEO of had a media,

631
00:35:29,600 --> 00:35:33,839
Speaker 1: a Pittsburgh Steelers fan, which beat off the Eagles. It's

632
00:35:33,880 --> 00:35:39,920
Speaker 1: so hard being jealous. Hail to pitt Here we go,

633
00:35:40,080 --> 00:35:43,800
Speaker 1: just a debate. Thank you, Tammy, thanks for calling, and

634
00:35:43,840 --> 00:35:47,879
Speaker 1: I appreciate that past see the hits that I get

635
00:35:47,920 --> 00:35:51,480
Speaker 1: from the guests. From the guests, I'm Kevin surreally more

636
00:35:51,480 --> 00:35:59,560
Speaker 1: coming up next. You're listening to Woomberg. You're listening to

637
00:35:59,680 --> 00:36:06,799
Speaker 1: bloom Bird Sound On with Kevin on Bloomberg two. And

638
00:36:06,840 --> 00:36:08,799
Speaker 1: I'm one of those people I always think of the

639
00:36:08,840 --> 00:36:11,280
Speaker 1: thing I should have said after the fact. So Tammy

640
00:36:11,320 --> 00:36:13,600
Speaker 1: had had my good friend Tammy had ad tell him me,

641
00:36:13,719 --> 00:36:15,960
Speaker 1: you know, talking snack on my Philadelphia Eagles. You know

642
00:36:16,000 --> 00:36:17,480
Speaker 1: what I should have said. I should have said, you

643
00:36:17,480 --> 00:36:21,760
Speaker 1: know what Philadelphia has that the Pittsburgh doesn't have mummers.

644
00:36:21,800 --> 00:36:24,279
Speaker 1: We've got mummers. My name is Kevin Cereli. I'm the

645
00:36:24,320 --> 00:36:27,840
Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

646
00:36:27,960 --> 00:36:31,120
Speaker 1: Time now to turn back to Capitol Hill, where talks

647
00:36:31,160 --> 00:36:34,920
Speaker 1: on stimulus still appear to be at a stalemate. Uh

648
00:36:35,000 --> 00:36:38,480
Speaker 1: this as Secretary of Treasury Stephen Manutian is going to

649
00:36:38,600 --> 00:36:42,320
Speaker 1: share some of the edits tomorrow that they have made

650
00:36:43,160 --> 00:36:47,160
Speaker 1: to a stimulus deal. This according to a spokesperson for

651
00:36:47,280 --> 00:36:52,279
Speaker 1: Speaker of the House Nancy Pelosi. Uh. This according to

652
00:36:52,360 --> 00:36:54,839
Speaker 1: Drew Hamill via Twitter. I'm gonna read this tweet before

653
00:36:54,840 --> 00:36:57,080
Speaker 1: I bring back in the panel. Quote. The Speaker and

654
00:36:57,120 --> 00:37:00,359
Speaker 1: Secretary Manusian spoke at three thirty pm today for an

655
00:37:00,400 --> 00:37:03,520
Speaker 1: hour and twenty two minutes. The Secretary stated he would

656
00:37:03,560 --> 00:37:07,560
Speaker 1: accept Democrats language for a national strategic testing plan with

657
00:37:07,640 --> 00:37:11,279
Speaker 1: quote minor end quote edits, and that language would be

658
00:37:11,320 --> 00:37:16,600
Speaker 1: shared tomorrow. The Speaker looks forward to reviewing. I mean,

659
00:37:16,600 --> 00:37:19,880
Speaker 1: it's an optimistic series of tweets from Drew Hamill, the

660
00:37:19,960 --> 00:37:26,920
Speaker 1: spokesperson for for Speaker Pelosi. Um, it's remarkable. So, I mean,

661
00:37:26,960 --> 00:37:29,359
Speaker 1: I guess there's some glimmer of hope as I as

662
00:37:29,360 --> 00:37:32,200
Speaker 1: I bring back in our panel. Brad Blakeman, Republican strategist

663
00:37:32,239 --> 00:37:35,239
Speaker 1: and former deputy assistant to President George W. Bush, and

664
00:37:35,360 --> 00:37:39,000
Speaker 1: Max Burns, a Democratic strategist contributor at The Daily Beast

665
00:37:39,080 --> 00:37:42,600
Speaker 1: and the New York Daily News as well as The Independent. Brad,

666
00:37:43,920 --> 00:37:48,919
Speaker 1: they keep, you know, appearing that they're talking, but now

667
00:37:49,000 --> 00:37:53,360
Speaker 1: it looks like they're inching ever closer. Brad Blakeman, Well,

668
00:37:53,360 --> 00:37:57,000
Speaker 1: you know we've seen this time and time and time again. Uh,

669
00:37:57,040 --> 00:38:00,239
Speaker 1: there is a deal, there is no deal. Uh, all

670
00:38:00,320 --> 00:38:03,719
Speaker 1: things are off the table, and the next day everything's

671
00:38:03,760 --> 00:38:06,719
Speaker 1: on the table. Um. The bottom line is as How

672
00:38:06,760 --> 00:38:10,800
Speaker 1: in the hell can can either party turn their back

673
00:38:11,000 --> 00:38:15,279
Speaker 1: on millions of Americans who are suffering, um to make

674
00:38:15,360 --> 00:38:18,560
Speaker 1: ends meet? Uh, you mean to tell me, whether you're

675
00:38:18,719 --> 00:38:23,759
Speaker 1: Nancy Pelosi or Mitch McConnell, that you're willing. Uh, that

676
00:38:23,840 --> 00:38:26,319
Speaker 1: it's all or nothing? I mean, this is crazy. And

677
00:38:26,320 --> 00:38:30,200
Speaker 1: Pelosi really showed her stripes with wolf Blitzer um the

678
00:38:30,239 --> 00:38:33,440
Speaker 1: other day when when wolf you know, basically held her

679
00:38:33,440 --> 00:38:36,680
Speaker 1: feet to the fire and say and said, how come

680
00:38:36,760 --> 00:38:39,960
Speaker 1: nothing is being done? How come you can't get it

681
00:38:40,040 --> 00:38:43,120
Speaker 1: one bill done that is targeted and live to fight

682
00:38:43,200 --> 00:38:46,560
Speaker 1: another day? And she wouldn't even answer the question and

683
00:38:46,640 --> 00:38:51,120
Speaker 1: got very nasty with wolf Blitzer. But the American people

684
00:38:51,640 --> 00:38:54,719
Speaker 1: need this. It's not something they want, it's something they need.

685
00:38:55,360 --> 00:38:58,240
Speaker 1: And the government is supposed to prevent harm, not merely

686
00:38:58,280 --> 00:39:00,840
Speaker 1: respond to it. So it's income and on both parties

687
00:39:00,840 --> 00:39:03,960
Speaker 1: to come together before the election to get it done

688
00:39:04,280 --> 00:39:07,920
Speaker 1: because after the election is regardless of who wins and loses,

689
00:39:08,280 --> 00:39:13,040
Speaker 1: there's going to be continued chaos. That's something American people

690
00:39:13,080 --> 00:39:16,200
Speaker 1: can no longer afford. Okay, And just to to re

691
00:39:16,440 --> 00:39:18,279
Speaker 1: set here on some of the breaking news that we're

692
00:39:18,320 --> 00:39:21,319
Speaker 1: just getting moments ago from Drew Hamill, who is of

693
00:39:21,320 --> 00:39:26,800
Speaker 1: course a spokesperson for UH Speaker of the House Nancy Pelosi. UH.

694
00:39:26,840 --> 00:39:29,600
Speaker 1: He went on to tweet quote the Speaker raised Leader

695
00:39:29,640 --> 00:39:32,400
Speaker 1: McConnell's comments today about not being willing to put a

696
00:39:32,400 --> 00:39:36,200
Speaker 1: comprehensive package on the Senate floor. The Secretary indicated that

697
00:39:36,239 --> 00:39:39,440
Speaker 1: the President would weigh in with Leader McConnell should an

698
00:39:39,440 --> 00:39:43,400
Speaker 1: agreement be reached. The staff, according to the spokesperson for

699
00:39:43,480 --> 00:39:47,080
Speaker 1: Speaker Pelosi, is going to be exchanging language on several

700
00:39:47,120 --> 00:39:49,680
Speaker 1: areas which the Speaker and the committees of jurisdiction will

701
00:39:49,719 --> 00:39:53,799
Speaker 1: review UH next just in terms of purely process. This

702
00:39:53,880 --> 00:39:58,560
Speaker 1: is probably based on my reporting the most um positive

703
00:39:58,640 --> 00:40:02,360
Speaker 1: rhetoric coming from the speak There's office about the prospects

704
00:40:02,360 --> 00:40:08,359
Speaker 1: of a deal with the White House in recent next days. Yeah,

705
00:40:08,440 --> 00:40:11,560
Speaker 1: it's certainly the most public progress that we've seen, and

706
00:40:11,600 --> 00:40:14,279
Speaker 1: that's not easy on either side. I can imagine. I

707
00:40:14,800 --> 00:40:17,040
Speaker 1: actually never imagine i'd say it, But I feel a

708
00:40:17,040 --> 00:40:19,640
Speaker 1: bit bad for Steve Manuchin because he's being asked to

709
00:40:19,680 --> 00:40:23,600
Speaker 1: negotiate when his boss seems to change his mind weekly

710
00:40:23,680 --> 00:40:26,520
Speaker 1: on what he wants out of a deal. But from

711
00:40:26,560 --> 00:40:29,560
Speaker 1: process perspective, I mean one House of Congress has done

712
00:40:29,600 --> 00:40:33,960
Speaker 1: its job. They passed the coronavirus stimulus bill that's sitting

713
00:40:34,080 --> 00:40:37,360
Speaker 1: on Mitch McConnell's desk in the Senate. Now, a functioning

714
00:40:37,400 --> 00:40:40,080
Speaker 1: country would take that bill and debate it and work

715
00:40:40,160 --> 00:40:43,440
Speaker 1: with the House while moving it forward. Is that I

716
00:40:43,480 --> 00:40:45,840
Speaker 1: can do? And maybe it's the and and Max. You know,

717
00:40:46,280 --> 00:40:48,080
Speaker 1: I know both of you very well, and so I

718
00:40:48,080 --> 00:40:50,640
Speaker 1: want to be you know, diplomatic. And but maybe it's

719
00:40:50,640 --> 00:40:53,920
Speaker 1: because I've been covering these negotiations for so many weeks,

720
00:40:54,280 --> 00:40:56,400
Speaker 1: and you know, as Jonathan Faroh always jokes with me,

721
00:40:56,960 --> 00:40:59,080
Speaker 1: it starts to feel like a rerun every day in

722
00:40:59,160 --> 00:41:01,840
Speaker 1: terms of the of what's new and what's not. But

723
00:41:02,120 --> 00:41:04,200
Speaker 1: I can't have you say that. I mean, you know,

724
00:41:04,200 --> 00:41:07,759
Speaker 1: because the Republicans listening are just going to say, well,

725
00:41:07,880 --> 00:41:10,560
Speaker 1: that was a that was a non serious form of

726
00:41:10,200 --> 00:41:15,160
Speaker 1: of of of negotiation. I don't understand why there wasn't

727
00:41:15,200 --> 00:41:18,120
Speaker 1: some type of bipartisan commission or a gang, so to speak,

728
00:41:18,160 --> 00:41:20,360
Speaker 1: the Gang of eight for example, bring that back and

729
00:41:21,000 --> 00:41:23,440
Speaker 1: have this uh so next. I mean, why don't you

730
00:41:23,480 --> 00:41:27,120
Speaker 1: think there wasn't a gang? Because because the bill, the

731
00:41:27,200 --> 00:41:29,919
Speaker 1: three trillion dollar bill, that was a non starter for

732
00:41:29,920 --> 00:41:33,560
Speaker 1: for Republicans. But go ahead, Max, No, I think you're right.

733
00:41:33,600 --> 00:41:36,040
Speaker 1: There is a partisanship issue here. I mean people have

734
00:41:36,160 --> 00:41:40,320
Speaker 1: gone to their corners, and quite honestly, I think Pelosi

735
00:41:40,440 --> 00:41:45,600
Speaker 1: staff and Secretary Manuchin are probably the most serious negotiators

736
00:41:45,600 --> 00:41:49,920
Speaker 1: in this entire situation. Just from a tactical perspective, it

737
00:41:49,960 --> 00:41:53,520
Speaker 1: appears to me that Steve Manuchan genuinely wants to get

738
00:41:53,520 --> 00:41:57,279
Speaker 1: a good deal, and I completely support that approach. What

739
00:41:57,360 --> 00:42:00,000
Speaker 1: we need is a little bit of political will here

740
00:42:00,160 --> 00:42:03,359
Speaker 1: to break this impass and actually and if necessary, make

741
00:42:03,400 --> 00:42:06,000
Speaker 1: a standing committee that will work on this together. But

742
00:42:06,120 --> 00:42:08,560
Speaker 1: we owe this to the American people to get it done.

743
00:42:09,120 --> 00:42:11,080
Speaker 1: And we should note President Trump was out on the

744
00:42:11,120 --> 00:42:14,880
Speaker 1: campaign trail today in Greenville, North Carolina talking about the

745
00:42:14,920 --> 00:42:19,319
Speaker 1: economic impact of the virus and opening businesses. Here's the

746
00:42:19,360 --> 00:42:22,920
Speaker 1: President on virus and opening businesses. He spoke in Greenville,

747
00:42:22,960 --> 00:42:27,400
Speaker 1: North Carolina earlier today. We've learned about this disease. You

748
00:42:27,480 --> 00:42:29,960
Speaker 1: got to open up your businesses, open up your schools,

749
00:42:29,960 --> 00:42:32,319
Speaker 1: get it going. And we should know we also have

750
00:42:32,480 --> 00:42:35,800
Speaker 1: economic data that came out today diving into my Bloomberg

751
00:42:35,920 --> 00:42:40,080
Speaker 1: terminal initial jobless claims and regular state programs totaled eight

752
00:42:40,120 --> 00:42:43,719
Speaker 1: hundred and nine eight thousand in the week that ended

753
00:42:43,760 --> 00:42:47,759
Speaker 1: October tent That's up fifty three thousand from the prior week.

754
00:42:47,840 --> 00:42:51,320
Speaker 1: That's according to the Labor Department that was released earlier today.

755
00:42:51,320 --> 00:42:55,720
Speaker 1: On an unadjusted basis, the figure posted the largest one

756
00:42:55,880 --> 00:43:01,600
Speaker 1: week increase since July. Continuing claims were total Americans claiming

757
00:43:01,920 --> 00:43:06,359
Speaker 1: ongoing unemployment assistance in those programs felt one point one

758
00:43:06,400 --> 00:43:10,080
Speaker 1: seven million to ten million in the week that ended

759
00:43:10,200 --> 00:43:14,400
Speaker 1: October third. That may this is important, that may partially

760
00:43:14,440 --> 00:43:18,800
Speaker 1: reflect people exhausting state aid and moving to the Pandemic

761
00:43:18,840 --> 00:43:23,440
Speaker 1: Emergency Unemployment Compensation, which is a federal program that provides

762
00:43:23,520 --> 00:43:27,759
Speaker 1: up to thirteen additional weeks of jobless benefits p e

763
00:43:27,880 --> 00:43:32,239
Speaker 1: u C p e u C, and that rose, that

764
00:43:32,560 --> 00:43:36,959
Speaker 1: rose by eight hundred and eighteen thousand to two point

765
00:43:37,040 --> 00:43:40,480
Speaker 1: seven eight million in the week that ended September twenty six.

766
00:43:40,560 --> 00:43:42,960
Speaker 1: The reason I bring this up, the reason I bring

767
00:43:43,000 --> 00:43:45,400
Speaker 1: this up is because now you have people who have

768
00:43:45,520 --> 00:43:48,960
Speaker 1: exhausted the state aid and now they're turning to the

769
00:43:49,000 --> 00:43:52,960
Speaker 1: federal government. Brad Blakeman, first, support, I mean, both of

770
00:43:53,000 --> 00:43:56,080
Speaker 1: you agree that this that this stimulus is needed. I

771
00:43:56,120 --> 00:43:59,680
Speaker 1: mean Leader McConnell, Speaker Pelosi, as well as the White House.

772
00:43:59,680 --> 00:44:02,719
Speaker 1: They all agree that stimulus is needed. But you hear

773
00:44:02,840 --> 00:44:05,239
Speaker 1: some of these economic indicators, Brad, I mean this should

774
00:44:05,280 --> 00:44:09,160
Speaker 1: have been decided a while ago. Oh, there's there's no

775
00:44:09,200 --> 00:44:12,719
Speaker 1: doubt about it. Uh. Pelosi didn't want a standing committee.

776
00:44:12,920 --> 00:44:16,560
Speaker 1: They jammed this three trillion dollar bill through the House,

777
00:44:16,719 --> 00:44:19,680
Speaker 1: and then they claimed their job was done. No, that's

778
00:44:19,680 --> 00:44:23,080
Speaker 1: not the way it works. Uh. Just because the House

779
00:44:23,120 --> 00:44:26,919
Speaker 1: passes something, Chris, you know better than anybody. It's most

780
00:44:26,960 --> 00:44:29,600
Speaker 1: of that nonsense is dead on arrival when it reaches

781
00:44:29,640 --> 00:44:32,600
Speaker 1: the Senate because it wasn't done in good faith. And

782
00:44:32,640 --> 00:44:36,360
Speaker 1: then you're supposed to use good faith in the Senate

783
00:44:36,880 --> 00:44:40,399
Speaker 1: approaching their work and then have a conference. But it's

784
00:44:40,400 --> 00:44:42,480
Speaker 1: too late now for committee. It's too late for a

785
00:44:42,520 --> 00:44:46,280
Speaker 1: gang of of eight. What we need is we need

786
00:44:46,400 --> 00:44:50,279
Speaker 1: a bill compromised and passed in both houses and sent

787
00:44:50,360 --> 00:44:52,839
Speaker 1: to the Presence. We can sign it. These people need

788
00:44:52,960 --> 00:44:56,279
Speaker 1: relief they need and it's not as if they don't

789
00:44:56,320 --> 00:44:58,279
Speaker 1: want to go to work. They're itching to go to work.

790
00:44:58,280 --> 00:45:01,000
Speaker 1: The government's preventing them from go work, going to work

791
00:45:01,239 --> 00:45:04,840
Speaker 1: in their state, local communities. So it's not as if

792
00:45:04,920 --> 00:45:08,040
Speaker 1: the American people the jobs aren't there. The jobs are there,

793
00:45:08,200 --> 00:45:10,759
Speaker 1: they're prevented from showing up. All right, Brad's gonna stay

794
00:45:10,760 --> 00:45:12,239
Speaker 1: WHETHERUS Max is going to stay with us. And I

795
00:45:12,239 --> 00:45:16,040
Speaker 1: would just note yesterday FED Chair FED FED Reserved Vice

796
00:45:16,080 --> 00:45:19,080
Speaker 1: Chairman Richard Clarada said that the U s economy faces

797
00:45:19,120 --> 00:45:23,080
Speaker 1: a long and uncertain roads of regaining its pre pandemic strength,

798
00:45:23,239 --> 00:45:27,280
Speaker 1: despite a faster than expected initial rebound from the wreckage

799
00:45:27,640 --> 00:45:32,440
Speaker 1: of the coronavirus pandemic. He uh made of remarks at

800
00:45:32,440 --> 00:45:36,719
Speaker 1: an online event organized by the Institute of International Finance,

801
00:45:37,040 --> 00:45:39,759
Speaker 1: and he said, quote, it will take some time to

802
00:45:39,840 --> 00:45:42,960
Speaker 1: return to the levels of economic activity and employment that

803
00:45:43,000 --> 00:45:47,000
Speaker 1: prevailed at the business cycle peak in February, and additional

804
00:45:47,120 --> 00:45:53,760
Speaker 1: support from monetary and likely fiscal policy will be needed, again,

805
00:45:54,000 --> 00:45:57,360
Speaker 1: calling on there to be some more aid coming from Washington.

806
00:45:57,719 --> 00:45:59,880
Speaker 1: Up next, what's on the panel's radar? I'm Kevin SERELLI.

807
00:46:00,120 --> 00:46:07,360
Speaker 1: You're listening to Bloomberg and one. You're listening to Bloomberg

808
00:46:07,480 --> 00:46:11,560
Speaker 1: Sound On with Kevin Surreley on Bloomberg and one oh

809
00:46:11,640 --> 00:46:14,480
Speaker 1: five point seven f M h D two. My name

810
00:46:14,520 --> 00:46:17,000
Speaker 1: is Kevin Sireli. I'm the chief Washington correspondent for Bloomberg

811
00:46:17,080 --> 00:46:21,240
Speaker 1: Television and for Bloomberg of Radio. Working from home hasn't

812
00:46:21,280 --> 00:46:24,880
Speaker 1: slowed down Wall Streets trading desks. The five biggest US

813
00:46:25,000 --> 00:46:29,280
Speaker 1: investment banks are on pace for their first one hundred

814
00:46:29,440 --> 00:46:34,360
Speaker 1: billion dollar year for trading revenue in more than a decade.

815
00:46:35,000 --> 00:46:39,480
Speaker 1: In just three quarters, they've already generated almost eighty four billion,

816
00:46:39,640 --> 00:46:44,120
Speaker 1: with a b eighty four billion dollars, more than any

817
00:46:44,160 --> 00:46:48,239
Speaker 1: full year since two thousand and ten. Wow, Elaine Chen

818
00:46:48,440 --> 00:46:51,920
Speaker 1: and Yamen or Not on reporting on the Bloomberg terminal.

819
00:46:52,000 --> 00:46:55,200
Speaker 1: Wall Street set for its first one hundred billion dollars

820
00:46:55,280 --> 00:46:58,840
Speaker 1: trading year in a decade. The bank stocks still aren't

821
00:46:58,840 --> 00:47:03,160
Speaker 1: getting much love from investors, but capital markets units are

822
00:47:03,200 --> 00:47:06,040
Speaker 1: propping up profits during the pandemic. Just that one of

823
00:47:06,080 --> 00:47:11,359
Speaker 1: the many, many great stories, that well reported stories came

824
00:47:11,400 --> 00:47:16,440
Speaker 1: out just today from our colleagues joining us for my

825
00:47:16,480 --> 00:47:19,400
Speaker 1: favorite part of the show, What's on Your Radar? Brad Blakeman,

826
00:47:19,480 --> 00:47:24,000
Speaker 1: Republican strategist, former deputy assistant to President George W. Bush,

827
00:47:24,160 --> 00:47:27,320
Speaker 1: and Max Burns, a Democratic strategist and contributor at a

828
00:47:27,360 --> 00:47:32,040
Speaker 1: host of different publications, including The Daily beast, Max, what's

829
00:47:32,080 --> 00:47:35,919
Speaker 1: on your radar? Pal? I am actually looking forward now

830
00:47:35,960 --> 00:47:39,480
Speaker 1: to the next and final presidential debate on the two

831
00:47:39,680 --> 00:47:43,480
Speaker 1: in beautiful Nashville have never been to nationally, because I

832
00:47:43,520 --> 00:47:46,160
Speaker 1: would like to see some element of a town hall

833
00:47:46,719 --> 00:47:49,840
Speaker 1: incorporated into this, because I really do believe that American

834
00:47:49,920 --> 00:47:54,239
Speaker 1: voters deserve the opportunity to ask direct questions of candidates

835
00:47:54,280 --> 00:47:56,320
Speaker 1: when both of them are there, and it would be

836
00:47:56,360 --> 00:47:59,680
Speaker 1: a shame to see that that great formatt lost this

837
00:48:00,120 --> 00:48:03,480
Speaker 1: cool well, I mean, why do you do you think

838
00:48:03,520 --> 00:48:05,439
Speaker 1: that there's going to be one? I mean, let's stay

839
00:48:05,440 --> 00:48:07,400
Speaker 1: with this for another minute, Brad Blakeman, I mean, do

840
00:48:07,440 --> 00:48:10,600
Speaker 1: you think President Trump will participate in the next debate.

841
00:48:10,640 --> 00:48:13,400
Speaker 1: His campaign released a statement earlier today said that he would.

842
00:48:14,840 --> 00:48:20,760
Speaker 1: I think there's no doubt this is the this is WrestleMania. Ken. Uh,

843
00:48:20,880 --> 00:48:22,680
Speaker 1: you know that this is about as hyped as you

844
00:48:22,719 --> 00:48:26,640
Speaker 1: can get. And um, you know, I think that he

845
00:48:26,719 --> 00:48:30,680
Speaker 1: cannot avoid it, especially when so many of the battleground

846
00:48:30,719 --> 00:48:36,520
Speaker 1: states have him down. Wow. Do you agree with that? Max? No?

847
00:48:36,680 --> 00:48:38,600
Speaker 1: I do I think that this is He had one

848
00:48:38,640 --> 00:48:41,920
Speaker 1: opportunity with this last debate to sort of claim that

849
00:48:41,960 --> 00:48:44,520
Speaker 1: it was rigged or they were conspiring against him and

850
00:48:44,600 --> 00:48:46,759
Speaker 1: duck out. If he does it again, it's going to

851
00:48:46,840 --> 00:48:51,160
Speaker 1: look just unbelievably weak. So I expect they will both

852
00:48:51,200 --> 00:48:53,920
Speaker 1: be there and it will certainly be uh something for

853
00:48:53,960 --> 00:48:56,279
Speaker 1: the history books. Whether that's good or not, I don't

854
00:48:56,280 --> 00:49:01,200
Speaker 1: know yet. Yeah, I'm very much looking or covering uh

855
00:49:01,239 --> 00:49:04,600
Speaker 1: this this next debate, especially next week in beautiful Tennessee.

856
00:49:04,640 --> 00:49:06,440
Speaker 1: I've been in Tennessee, never been in Nashville, but I'm

857
00:49:06,440 --> 00:49:09,279
Speaker 1: a huge country music man, as we all know. Um,

858
00:49:09,320 --> 00:49:13,600
Speaker 1: what's on your radar, Brad Blakeman. Three things the debate.

859
00:49:13,960 --> 00:49:16,279
Speaker 1: First of all, the Barrett vote. I think it's gonna

860
00:49:16,320 --> 00:49:19,600
Speaker 1: be epic. UH. That's going to be a showdown. Is

861
00:49:19,600 --> 00:49:22,520
Speaker 1: to is to what if anything Democrats will do with

862
00:49:22,600 --> 00:49:25,040
Speaker 1: the last gas to throw a monkey wrench into it.

863
00:49:25,480 --> 00:49:27,600
Speaker 1: I don't think it'll be successful, but they're already talking

864
00:49:27,640 --> 00:49:32,279
Speaker 1: about delaying a quorum uh in order to delay a vote. UH.

865
00:49:32,280 --> 00:49:34,719
Speaker 1: And COVID relief build. I think those three things are

866
00:49:34,760 --> 00:49:38,839
Speaker 1: gonna be the key things to watch next week. Fascinating.

867
00:49:38,880 --> 00:49:40,799
Speaker 1: Do you think that there's gonna be a deal? We

868
00:49:40,840 --> 00:49:43,000
Speaker 1: have plenty of time, so I mean, feel free to

869
00:49:43,480 --> 00:49:45,359
Speaker 1: explore this, Brad, I mean, do you think there's gonna

870
00:49:45,400 --> 00:49:47,080
Speaker 1: be a deal? Do you think the president views that

871
00:49:47,160 --> 00:49:52,120
Speaker 1: as a big, big political opportunity. Well, I think both

872
00:49:52,120 --> 00:49:57,319
Speaker 1: sides have to realize. Uh that Again, if Democrats had

873
00:49:57,360 --> 00:50:00,880
Speaker 1: their brothers, they'd like to deny the president um, quote

874
00:50:00,920 --> 00:50:03,480
Speaker 1: unquote victory on a COVID bill. But I don't think

875
00:50:03,480 --> 00:50:06,839
Speaker 1: they have a choice. Um, Democrats have been dragging their feet.

876
00:50:06,920 --> 00:50:11,640
Speaker 1: Nancy Pelosi has taken this personally. Um, it's clear where

877
00:50:11,640 --> 00:50:15,560
Speaker 1: the obstruction has come from. And um, the only question

878
00:50:15,640 --> 00:50:19,600
Speaker 1: is how big will it be? How many um uh,

879
00:50:19,640 --> 00:50:21,640
Speaker 1: you know Christmas ornaments are going to be on their

880
00:50:21,680 --> 00:50:25,799
Speaker 1: tree that do not involve COVID? How much do Republicans

881
00:50:25,840 --> 00:50:28,360
Speaker 1: have to swallow in order to get it done? But

882
00:50:28,400 --> 00:50:30,439
Speaker 1: at the end of the day, again, Chris, I think

883
00:50:30,440 --> 00:50:34,000
Speaker 1: this is a must do. And Kevin, sorry, it's Kevin,

884
00:50:34,200 --> 00:50:40,440
Speaker 1: It's Kevin Blakeman, I mean Kevin's okay. Sorry, I think uh,

885
00:50:40,920 --> 00:50:45,560
Speaker 1: I'm sorry, I think that Uh. This this is um,

886
00:50:46,239 --> 00:50:49,360
Speaker 1: this is beyond party now, this is this is country.

887
00:50:49,400 --> 00:50:52,120
Speaker 1: It has to happen much who takes credit for it?

888
00:50:52,160 --> 00:50:54,600
Speaker 1: There's enough credit to go around. Here's my here's what's

889
00:50:54,600 --> 00:50:59,160
Speaker 1: all my radar uh Wells Fargo fires more for abusing

890
00:50:59,320 --> 00:51:01,960
Speaker 1: us A. The bank says that the staff applied for

891
00:51:02,080 --> 00:51:05,680
Speaker 1: relief meant for small businesses. Wells Fargo fired more than

892
00:51:05,760 --> 00:51:10,960
Speaker 1: one employees suspected of improperly collecting coronavirus relief funds. This,

893
00:51:11,040 --> 00:51:13,959
Speaker 1: according to a person with knowledge of the situation handle

894
00:51:14,040 --> 00:51:17,399
Speaker 1: of IT reports for Bloomberg, the firm determined get listen

895
00:51:17,440 --> 00:51:22,040
Speaker 1: to this. The firm determined that the staffers defrauded the

896
00:51:22,120 --> 00:51:28,279
Speaker 1: Small Business Administration by making false representations and applying for

897
00:51:28,360 --> 00:51:32,919
Speaker 1: coronavirus relief funds for themselves, according to an internal memo

898
00:51:32,960 --> 00:51:37,280
Speaker 1: reviewed by Bloomberg. The review focus on employees who tapped

899
00:51:37,320 --> 00:51:41,360
Speaker 1: the Economic Injury Disaster Loan Program, a key part of

900
00:51:41,400 --> 00:51:45,759
Speaker 1: the government's effort to prop up businesses during the pandemic.

901
00:51:46,680 --> 00:51:50,000
Speaker 1: I you know, good on Wells for for getting rid

902
00:51:50,040 --> 00:51:52,680
Speaker 1: of these you know, fraudsters. But Max, I mean you

903
00:51:52,719 --> 00:51:54,560
Speaker 1: hear that it breaks your heart that people would take

904
00:51:54,600 --> 00:51:57,239
Speaker 1: advantage of this aid that was so desperately needed for

905
00:51:57,280 --> 00:52:00,640
Speaker 1: so many small businesses, especially when Congress is at an impasse.

906
00:52:01,000 --> 00:52:04,799
Speaker 1: Next absolutely, and whether people want to admit it or not,

907
00:52:05,000 --> 00:52:10,320
Speaker 1: every headline that says fraud related to a recovery program

908
00:52:10,560 --> 00:52:14,239
Speaker 1: makes people question whether that's being used wisely, and that

909
00:52:14,400 --> 00:52:18,440
Speaker 1: skepticism ends up hurting millions of people who are legitimately

910
00:52:18,520 --> 00:52:21,839
Speaker 1: using these programs. But it shows you that the necessity

911
00:52:21,880 --> 00:52:25,560
Speaker 1: for serious oversight baked into this legislation from the beginning.

912
00:52:26,040 --> 00:52:28,560
Speaker 1: All right, and I uh, I want to say that

913
00:52:28,560 --> 00:52:30,319
Speaker 1: that was a great what's on your radar? Let's talk

914
00:52:30,320 --> 00:52:34,319
Speaker 1: about something else that is still we didn't touch on yet,

915
00:52:34,320 --> 00:52:36,120
Speaker 1: and the two minutes or so that we have left,

916
00:52:36,480 --> 00:52:39,440
Speaker 1: that's Judge Jamie Coney Barrett. Because Leader McConnell is signaling

917
00:52:39,480 --> 00:52:42,600
Speaker 1: that he believes he has the votes for a confirmation

918
00:52:43,000 --> 00:52:46,160
Speaker 1: confirmation of Judge Amy Coney Barrett. President Trump was on

919
00:52:46,200 --> 00:52:48,600
Speaker 1: the campaign trail today in Greenville, North Carolina, and he

920
00:52:48,680 --> 00:52:53,040
Speaker 1: discussed the confirmation process for Judge Amie Coney Barrett. Uh her.

921
00:52:53,160 --> 00:52:56,960
Speaker 1: Of course, Senate hearings ended today. Here's the President, and

922
00:52:57,040 --> 00:52:58,960
Speaker 1: it looks like it's going to be done very soon.

923
00:52:59,000 --> 00:53:02,120
Speaker 1: They have a one week period where they ship, but

924
00:53:02,280 --> 00:53:05,279
Speaker 1: they're getting out of committee and it's very exciting. And

925
00:53:05,320 --> 00:53:07,720
Speaker 1: I'll tell what you've been flawless as it made a mistake.

926
00:53:08,400 --> 00:53:13,000
Speaker 1: That was the President speaking earlier today. Max Burns. I mean,

927
00:53:13,360 --> 00:53:16,200
Speaker 1: it looks like it's all but a done deal. It

928
00:53:16,320 --> 00:53:19,480
Speaker 1: looks so, and Democrats certainly behaved so during the hearing,

929
00:53:19,600 --> 00:53:22,360
Speaker 1: I think in large part because they've recognized that so

930
00:53:22,719 --> 00:53:26,160
Speaker 1: a majority of Americans said they wanted the next president

931
00:53:26,200 --> 00:53:28,719
Speaker 1: to make the appointment. When they ask how much it

932
00:53:28,760 --> 00:53:31,200
Speaker 1: matters to you, it's way down the list of issues.

933
00:53:31,520 --> 00:53:33,880
Speaker 1: So this was was not something I think the Senate

934
00:53:33,920 --> 00:53:38,319
Speaker 1: Democrats wanted to create distractions and headlines around up and

935
00:53:38,360 --> 00:53:42,680
Speaker 1: just sort of accepted what seemed uh fore ordained. So

936
00:53:42,760 --> 00:53:44,879
Speaker 1: that's it. I mean, that's that's today in Washington. We've

937
00:53:44,880 --> 00:53:47,879
Speaker 1: got the dueling town halls, We've got the a CB

938
00:53:48,040 --> 00:53:52,200
Speaker 1: confirmation process looking like it's going smoothly along from the

939
00:53:52,239 --> 00:53:56,280
Speaker 1: Republicans perspective, Congress still had an impass what I miss.

940
00:53:56,719 --> 00:53:59,800
Speaker 1: I mean, So it's it's just all these multiple fronts

941
00:53:59,800 --> 00:54:03,600
Speaker 1: and President trailing significantly in the trail in the in

942
00:54:03,719 --> 00:54:08,640
Speaker 1: the polls. But again, uh time's trunning out for there

943
00:54:08,680 --> 00:54:13,200
Speaker 1: to be a major trajectory change in the dynamics of

944
00:54:13,360 --> 00:54:15,960
Speaker 1: this race. But those two town halls tonight and the

945
00:54:16,040 --> 00:54:19,319
Speaker 1: moments in them will be uh factored, not just for

946
00:54:19,480 --> 00:54:22,880
Speaker 1: undecided voters. But in terms of mobilizing, and that's my

947
00:54:22,920 --> 00:54:25,880
Speaker 1: final point here, the mobilization effort on behalf of the

948
00:54:25,920 --> 00:54:29,600
Speaker 1: Trump campaign as well as the Biding campaign. I can

949
00:54:29,640 --> 00:54:32,480
Speaker 1: tell you that both sides feel that they have an

950
00:54:32,480 --> 00:54:35,960
Speaker 1: apparatus that is unmatched to the other. So in terms

951
00:54:36,040 --> 00:54:39,000
Speaker 1: of that, well, it looks like we're gonna have to

952
00:54:39,040 --> 00:54:43,040
Speaker 1: wait and see. Brad Blankman, Republican strategist, Max Burn's Democratic trategists,

953
00:54:43,239 --> 00:54:45,480
Speaker 1: thank you so so much for joining us. Remember, folks,

954
00:54:45,640 --> 00:54:48,720
Speaker 1: you can download the Bloomberg Sound on podcast on Apple iTunes,

955
00:54:48,760 --> 00:54:53,640
Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app.

956
00:54:53,960 --> 00:54:57,120
Speaker 1: You can also find me on radio dot com, I

957
00:54:57,239 --> 00:55:01,440
Speaker 1: Heart Radio and Spotify. That does it for me. I'm

958
00:55:01,520 --> 00:55:05,359
Speaker 1: Kevin Cirilli, Chief Washington correspondent for Bloomberg Television of Bloomberg Radio.

959
00:55:05,440 --> 00:55:13,080
Speaker 1: Missus Hanson, you're listening to Bloomberg n Dine one