1 00:00:00,760 --> 00:00:03,600 Speaker 1: Why from our nation's camera. This budget thing is gonna 2 00:00:03,640 --> 00:00:06,360 Speaker 1: do nothing space forts. I still think it's interesting President 3 00:00:06,360 --> 00:00:10,000 Speaker 1: Trump not playing his cards yet. Headlines Policy and politics 4 00:00:10,080 --> 00:00:15,320 Speaker 1: colliding Bloomberg Sound On, the Insiders, the influencers, the insides. 5 00:00:15,440 --> 00:00:17,680 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,680 --> 00:00:20,840 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,840 --> 00:00:23,200 Speaker 1: than it looked in. President Trump was sent here to 8 00:00:23,239 --> 00:00:26,680 Speaker 1: smash conventional norms in a sense, Bernie Sanders has already 9 00:00:26,720 --> 00:00:31,120 Speaker 1: w This is Bloomberg Sound On with Kevin Surley on 10 00:00:31,280 --> 00:00:38,120 Speaker 1: Bloomberg point seven h d two countdown to Iowa. Folks 11 00:00:38,159 --> 00:00:41,280 Speaker 1: were headed to Des Moines all next week. We're gonna 12 00:00:41,280 --> 00:00:43,920 Speaker 1: get a preview of somebody already on the ground. My 13 00:00:43,960 --> 00:00:49,080 Speaker 1: good friend and colleague, Wendy Benjaminson, Bloomberg's politics editor. She's 14 00:00:49,080 --> 00:00:51,800 Speaker 1: gonna hop on the line via Iowa. And the horse 15 00:00:51,920 --> 00:00:55,360 Speaker 1: race is now approaching the finish line. Bernie Sanders surgeon 16 00:00:55,440 --> 00:00:58,800 Speaker 1: in the polls, Bernie's surgeon. And you've got Joe Biden 17 00:00:58,920 --> 00:01:01,920 Speaker 1: still duking it out. Plus can can there be any 18 00:01:01,960 --> 00:01:03,959 Speaker 1: last minute shakeub? So we're gonna dive into the poll 19 00:01:04,040 --> 00:01:07,600 Speaker 1: numbers coming out of the Hawkeye State, and the latest 20 00:01:07,680 --> 00:01:12,600 Speaker 1: on the coronavirus. The World Health Organization has declared an emergency, 21 00:01:12,760 --> 00:01:15,240 Speaker 1: and well it's a global one. So we'll bring you 22 00:01:15,240 --> 00:01:18,600 Speaker 1: the latest on how the president is reacting to coronavirus, 23 00:01:18,600 --> 00:01:22,199 Speaker 1: and of course, impeachment deadline. TikTok, TikTok. It's now looking 24 00:01:22,240 --> 00:01:24,280 Speaker 1: like there's not going to be those witnesses. Every day, 25 00:01:24,280 --> 00:01:26,920 Speaker 1: a new development, new twist, and turn witnesses, no witness 26 00:01:27,160 --> 00:01:29,360 Speaker 1: we'll find out within about twenty four hours. But we've 27 00:01:29,360 --> 00:01:31,520 Speaker 1: got an all star panel. Joe Paine is gonna join 28 00:01:31,600 --> 00:01:35,200 Speaker 1: us Democratic strategist, former director of African American Media Outreach 29 00:01:35,200 --> 00:01:38,960 Speaker 1: for Hillary Clinton's presidential campaign, and Lester Monson principle at 30 00:01:38,959 --> 00:01:42,399 Speaker 1: the Government Relations from b GR, the b GR Group. 31 00:01:42,400 --> 00:01:45,520 Speaker 1: He's also an adjunct faculty member at Johns Hopkins University. 32 00:01:45,680 --> 00:01:47,520 Speaker 1: And I remember back when he was working for Senator 33 00:01:47,560 --> 00:01:49,840 Speaker 1: Bob Corker, Republican from Tennessee, and I'd always try to 34 00:01:49,840 --> 00:01:52,840 Speaker 1: get a scoop out of him. But first we begin 35 00:01:52,920 --> 00:01:55,360 Speaker 1: things tonight with my good friend who has left me 36 00:01:55,440 --> 00:01:59,600 Speaker 1: here alone in the Bloomberg bureau. Wendy Benjaminson, Bloomberg Politics editor, 37 00:01:59,640 --> 00:02:02,480 Speaker 1: You're out Iowa. Where are you, Wendy and Iowa. I 38 00:02:02,560 --> 00:02:06,880 Speaker 1: am sitting in the Bloomberg beautiful Bloomberg News workspace in 39 00:02:06,920 --> 00:02:11,880 Speaker 1: the Des Moines Marriott Downtown coin. It is really cold 40 00:02:11,919 --> 00:02:19,600 Speaker 1: here the palm trees, all right, So let's Wendy catch 41 00:02:19,639 --> 00:02:21,639 Speaker 1: me up to speakcause I'm crunching the numbers on these 42 00:02:21,639 --> 00:02:24,160 Speaker 1: poles and it looks like it's a two way race 43 00:02:24,200 --> 00:02:27,400 Speaker 1: between Bernie and Biden. That seems to be the conventional 44 00:02:27,440 --> 00:02:32,000 Speaker 1: wisdom here, although it really could be anybody at this point. 45 00:02:32,000 --> 00:02:34,519 Speaker 1: I was just looking at a chart in a story 46 00:02:35,000 --> 00:02:36,680 Speaker 1: that will be moving in the morning that shows this 47 00:02:36,840 --> 00:02:40,679 Speaker 1: real cluster. At the top, it's Biden, Sanders, or I 48 00:02:40,680 --> 00:02:46,840 Speaker 1: should say Sanders, Biden, Close Warren and Buddha Jedge, and 49 00:02:46,880 --> 00:02:49,400 Speaker 1: then there's Amy Klobachar just sort of floating there in 50 00:02:49,440 --> 00:02:52,520 Speaker 1: the middle. And then there's everybody else down at the bottom. Um. 51 00:02:52,560 --> 00:02:56,720 Speaker 1: Amy Klobachar is working really, really hard, um to raise 52 00:02:56,800 --> 00:03:00,280 Speaker 1: her numbers. She's into like every county and I well, 53 00:03:00,360 --> 00:03:02,640 Speaker 1: she's campaigning all over the place. She could have a 54 00:03:02,680 --> 00:03:05,919 Speaker 1: late surge today. It's Bernie Sanders and Joe Biden Tomorrow 55 00:03:05,919 --> 00:03:08,120 Speaker 1: who knows who knows? I mean, really who knows. And 56 00:03:08,120 --> 00:03:09,400 Speaker 1: in fact, I was talking with the source on the 57 00:03:09,400 --> 00:03:12,320 Speaker 1: President's reelection campaign. They are all headed there. I mean 58 00:03:12,320 --> 00:03:14,480 Speaker 1: you see that press release Monday. I mean they are 59 00:03:14,520 --> 00:03:18,080 Speaker 1: all headed. Their virtual members of the cabinet top stir 60 00:03:18,200 --> 00:03:20,280 Speaker 1: it gets members of the first family. And I remember 61 00:03:20,280 --> 00:03:22,200 Speaker 1: tell talking to you about this a couple of weeks ago, 62 00:03:22,639 --> 00:03:25,200 Speaker 1: and now, I mean it really is. They're going all 63 00:03:25,240 --> 00:03:27,680 Speaker 1: in on Iowa to try to on the night before 64 00:03:27,680 --> 00:03:29,440 Speaker 1: the State of the Union. I mean, they're gonna be 65 00:03:29,440 --> 00:03:32,120 Speaker 1: everywhere the flood in the zone. They are totally flooding 66 00:03:32,120 --> 00:03:34,160 Speaker 1: the zone. The President is having a rally right here 67 00:03:34,200 --> 00:03:39,240 Speaker 1: in Des Moines tonight while the whole rest of the 68 00:03:39,280 --> 00:03:41,920 Speaker 1: state is focused on the Democratic race. I think what 69 00:03:42,000 --> 00:03:44,840 Speaker 1: the Trump reelection campaign on the Republican Party are trying 70 00:03:44,880 --> 00:03:47,320 Speaker 1: to do is to remind Iowans there's also a Republican 71 00:03:47,360 --> 00:03:50,440 Speaker 1: caucus on Monday night. Now, the the outcome is a 72 00:03:50,440 --> 00:03:53,440 Speaker 1: foregone conclusion, but they still need people to come out 73 00:03:53,480 --> 00:03:56,560 Speaker 1: and caucus um or it could be embarrassing for the president. 74 00:03:56,600 --> 00:03:58,440 Speaker 1: You know, it really is a fascinating point of me. 75 00:03:58,520 --> 00:04:00,720 Speaker 1: Here's the state that the President carried by ten percentage 76 00:04:00,720 --> 00:04:05,960 Speaker 1: points back and now you've got this run, the sprint, 77 00:04:06,040 --> 00:04:09,920 Speaker 1: this mad dash. And I'm curious at least from from 78 00:04:09,960 --> 00:04:12,480 Speaker 1: these some of these other candidates Booda Juge for example, 79 00:04:12,760 --> 00:04:16,800 Speaker 1: I'm curious how much of the expectation games must be 80 00:04:16,960 --> 00:04:21,520 Speaker 1: weighed with momentum heading into the granite state New Hampshire. Well, 81 00:04:21,560 --> 00:04:24,000 Speaker 1: that's bringing a pee boota Judge. Is a great point, Kevin, 82 00:04:24,080 --> 00:04:28,160 Speaker 1: because he is going on a sure, he's got he's 83 00:04:28,240 --> 00:04:31,960 Speaker 1: going on a tour. He's taking reporters on a plane 84 00:04:32,040 --> 00:04:36,239 Speaker 1: to six different rallies tomorrow all over Iowa. And today, 85 00:04:36,320 --> 00:04:39,360 Speaker 1: for the first time, he hit Joe Biden and Bernie 86 00:04:39,400 --> 00:04:43,200 Speaker 1: Sanders by name for being out of touch, out of 87 00:04:43,240 --> 00:04:46,640 Speaker 1: touch with you know, the most people in the country 88 00:04:46,720 --> 00:04:49,400 Speaker 1: were being old essentially is what he did. And um, 89 00:04:49,440 --> 00:04:53,240 Speaker 1: that's a really new tactic for departure. Yes, he's talked 90 00:04:53,240 --> 00:04:56,240 Speaker 1: about generational change before and it's been obvious because he's 91 00:04:56,279 --> 00:05:00,720 Speaker 1: thirty eight, but um, today he actually named name checked 92 00:05:01,000 --> 00:05:03,240 Speaker 1: the old guys in the race. So it's we'll see 93 00:05:03,279 --> 00:05:05,599 Speaker 1: what tomorrow is gonna get. Too little, too late for Judge, 94 00:05:06,120 --> 00:05:08,440 Speaker 1: it could be to remember he was in the top 95 00:05:08,480 --> 00:05:11,039 Speaker 1: spot just a few weeks ago. No, you know, you 96 00:05:11,120 --> 00:05:13,039 Speaker 1: really can't predict these things. What else have you learned 97 00:05:13,240 --> 00:05:15,640 Speaker 1: just from being out there? And I'm getting there Saturday, 98 00:05:15,760 --> 00:05:17,200 Speaker 1: But what else have you learned? I was struck by 99 00:05:17,279 --> 00:05:19,680 Speaker 1: Joe Eisenthal's interview with Andrew Yang and he he laid 100 00:05:19,720 --> 00:05:23,560 Speaker 1: the groundwork for Bernie Sanders endorsement. Well, we had an 101 00:05:23,560 --> 00:05:26,440 Speaker 1: on the record breakfast with Andrew Yang right before that interview, 102 00:05:26,480 --> 00:05:31,000 Speaker 1: and it was really interesting. He talked about how, you know, 103 00:05:31,520 --> 00:05:36,120 Speaker 1: the natural sort of constituency for caucus goers who support 104 00:05:36,160 --> 00:05:39,400 Speaker 1: Andrew Yang now, but where they would go if Andrew 105 00:05:39,480 --> 00:05:42,040 Speaker 1: Yang doesn't make the fifteen percent threshold that they need 106 00:05:42,080 --> 00:05:44,880 Speaker 1: to move on to the second round. The natural constituency 107 00:05:45,000 --> 00:05:47,000 Speaker 1: is to go for them to go to Bernie Sanders. 108 00:05:47,080 --> 00:05:49,320 Speaker 1: But but his attitude was, I'm not telling them where 109 00:05:49,360 --> 00:05:51,920 Speaker 1: to go. You know. It's not he doesn't think he's 110 00:05:51,920 --> 00:05:54,560 Speaker 1: going to endorse. He doesn't, you know, He's just his 111 00:05:54,680 --> 00:05:57,440 Speaker 1: attitude is, if you don't like me, then you know, 112 00:05:57,680 --> 00:06:00,839 Speaker 1: go wherever you're gonna go. He's not trying to play kingmaker, 113 00:06:00,880 --> 00:06:03,240 Speaker 1: which is another sort of icon of classic Thing's got 114 00:06:03,279 --> 00:06:05,160 Speaker 1: a ton of money though, I mean he really doesn't 115 00:06:05,520 --> 00:06:06,839 Speaker 1: has a ton of money and He also has a 116 00:06:06,880 --> 00:06:12,040 Speaker 1: mobilized online contingency that that is incredibly influential in terms 117 00:06:12,080 --> 00:06:15,359 Speaker 1: of driving The trick is whether those people are going 118 00:06:15,440 --> 00:06:17,680 Speaker 1: to come out Monday night and go to all these 119 00:06:17,720 --> 00:06:20,359 Speaker 1: different places and actually pick him or not. You know, 120 00:06:20,520 --> 00:06:24,680 Speaker 1: he's he's funny, he's smart, he's interesting, And the question 121 00:06:24,720 --> 00:06:26,240 Speaker 1: is too people want him to be president or that 122 00:06:26,320 --> 00:06:28,039 Speaker 1: you just want to watch him talk. I think for 123 00:06:28,120 --> 00:06:31,440 Speaker 1: Joe Biden, really this becomes an expectations game. Joe Biden 124 00:06:31,480 --> 00:06:35,000 Speaker 1: has consistently led all of the national polls. The question 125 00:06:35,040 --> 00:06:37,760 Speaker 1: now is can his ground game, can his operation in 126 00:06:37,839 --> 00:06:40,960 Speaker 1: the caucus states, in the primary states, can they match 127 00:06:41,080 --> 00:06:42,880 Speaker 1: the level of name recognition that he has at the 128 00:06:42,960 --> 00:06:45,040 Speaker 1: national level. And I think if he if he has 129 00:06:45,040 --> 00:06:48,840 Speaker 1: a strong showing in Iowa, you know, I mean, you've 130 00:06:48,880 --> 00:06:51,239 Speaker 1: got You've got a ton of momentum. If he doesn't 131 00:06:51,240 --> 00:06:53,520 Speaker 1: have a strong showing, what happens? What are they laying 132 00:06:53,560 --> 00:06:55,400 Speaker 1: the groundwork for that or what what are we gathering 133 00:06:55,400 --> 00:06:58,880 Speaker 1: in terms of expectations that Biden world is setting. Well. 134 00:06:58,880 --> 00:07:01,440 Speaker 1: The trouble for Joe by and is that the expectations 135 00:07:01,440 --> 00:07:04,520 Speaker 1: are incredibly high. He's the former vice president, he's been 136 00:07:04,520 --> 00:07:07,680 Speaker 1: around for thirty forty years. He is the heir to 137 00:07:07,720 --> 00:07:11,440 Speaker 1: the Barack Obama legacy, and yet everything you say is 138 00:07:11,480 --> 00:07:15,200 Speaker 1: absolutely right. He hasn't his ground game here has not 139 00:07:15,320 --> 00:07:18,600 Speaker 1: been his effective as other candidates. Iowa has never been 140 00:07:19,040 --> 00:07:21,400 Speaker 1: had a lot of love for Joe Biden. So the 141 00:07:21,480 --> 00:07:24,440 Speaker 1: question is, you know, now he's starting to say, well, 142 00:07:24,480 --> 00:07:26,320 Speaker 1: I don't have to win Iowa. You know, it's okay 143 00:07:26,360 --> 00:07:28,120 Speaker 1: if I know win Iowa. The trouble is, if he 144 00:07:28,160 --> 00:07:30,880 Speaker 1: doesn't win Iowa, probably one of the other New England 145 00:07:30,880 --> 00:07:33,920 Speaker 1: senators running for president will win New Hampshire and then 146 00:07:34,000 --> 00:07:37,240 Speaker 1: he has to win Nevada or South Carolina. I mean, 147 00:07:37,240 --> 00:07:39,960 Speaker 1: he will win South Carolina, but he's can't just win 148 00:07:40,040 --> 00:07:44,320 Speaker 1: South Carolina that he's the electable guy, because that's his argument. 149 00:07:44,320 --> 00:07:47,000 Speaker 1: A guy who argues electability has to actually win an election. 150 00:07:47,080 --> 00:07:50,360 Speaker 1: Wendy Washington's obsessed with this impeachment trial, which I'm gathering 151 00:07:50,400 --> 00:07:55,080 Speaker 1: could be over. Catch my breath by tomorrow nighters or 152 00:07:55,200 --> 00:07:58,600 Speaker 1: Saturday morning before I head back out to Iowa. I'm 153 00:07:58,640 --> 00:08:00,840 Speaker 1: curious to I mean, based on my reporting, and I 154 00:08:00,880 --> 00:08:03,000 Speaker 1: want to see if yours matches this in the sense 155 00:08:03,040 --> 00:08:05,720 Speaker 1: no one's talking about impeachment in Iowa. They're talking about 156 00:08:05,720 --> 00:08:10,520 Speaker 1: the economy. That's right. We had Amy Klovich's campaign manager, 157 00:08:10,880 --> 00:08:14,240 Speaker 1: Justin Brunning today and he said that they never get 158 00:08:14,240 --> 00:08:18,080 Speaker 1: asked about impeachment anything. Of course, is they're in Washington, um, 159 00:08:18,160 --> 00:08:21,720 Speaker 1: you know, being a juror in the beachment trial. People 160 00:08:21,760 --> 00:08:24,400 Speaker 1: ask about healthcare, they ask about the price of pharmaceuticals, 161 00:08:24,400 --> 00:08:27,280 Speaker 1: they ask about even trade, they ask about even foreign policy. 162 00:08:27,480 --> 00:08:30,720 Speaker 1: But you know, stuff that matter every day on this program, 163 00:08:31,240 --> 00:08:34,480 Speaker 1: you know, and I give it the Dell cook that's 164 00:08:34,480 --> 00:08:37,160 Speaker 1: not about home and delt go outside of Philadelphia is 165 00:08:37,280 --> 00:08:40,960 Speaker 1: following every twist and turn of this impeachment trial. Wendy, 166 00:08:41,160 --> 00:08:43,840 Speaker 1: save me a Bison Burger and we'll go to Zombie 167 00:08:43,880 --> 00:08:46,120 Speaker 1: Burger this weekend and we'll catch up. All right, my friend, 168 00:08:46,360 --> 00:08:49,200 Speaker 1: stay all right, Tell Tyler Patrian a pack of red Bull. 169 00:08:49,320 --> 00:08:51,080 Speaker 1: All right. He's on the Is he on the Buddha 170 00:08:51,120 --> 00:08:54,720 Speaker 1: Judge plane tomorrow? He is? Alright, he's doing great stuff. 171 00:08:54,720 --> 00:08:58,000 Speaker 1: Go tie all right. Thanks to Wendy Benjaminson, Bloomberg Politics Editor, 172 00:08:58,040 --> 00:09:00,719 Speaker 1: Coming up, All Star Panel. Download the Boomberg Sound On 173 00:09:00,760 --> 00:09:03,360 Speaker 1: podcast on Apple iTunes, at Bloomberg dot com, or by 174 00:09:03,360 --> 00:09:05,800 Speaker 1: downloading doub Bloomberg Business app. You can also find me 175 00:09:05,840 --> 00:09:08,400 Speaker 1: on Radio dot Com, I Heart Radio, and Spotify. My 176 00:09:08,480 --> 00:09:11,160 Speaker 1: name is Kevin CERELLI. I'm the chief Washington correspondent for 177 00:09:11,160 --> 00:09:14,360 Speaker 1: Bloomberg Television and Bloomberg Radio. And you're listening to Bloomberg. 178 00:09:30,559 --> 00:09:35,080 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 179 00:09:36,240 --> 00:09:38,600 Speaker 1: and one oh five point seven f m h D two. 180 00:09:39,120 --> 00:09:44,000 Speaker 1: It's such a great song. Wonder Wall, The Wall, Wonder Wall. 181 00:09:44,400 --> 00:09:47,679 Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg Television and 182 00:09:47,679 --> 00:09:50,800 Speaker 1: Bloomberg Radio. We're gonna talk about impeachment, folks. I mean, 183 00:09:50,960 --> 00:09:53,600 Speaker 1: are we gonna have witnesses or we're not gonna have witnesses. 184 00:09:53,600 --> 00:09:55,319 Speaker 1: It's looking like we're not gonna have them. And we've 185 00:09:55,360 --> 00:09:58,480 Speaker 1: got an all star panel U to navigate through. Joel 186 00:09:58,480 --> 00:10:03,320 Speaker 1: Payne a regular Hey Joel, Hey Ken, I'm packing for Iowa. 187 00:10:03,360 --> 00:10:05,400 Speaker 1: I leave Saturday. I'm like, I don't know if I 188 00:10:05,400 --> 00:10:07,360 Speaker 1: can fit all my coats in there. You know, I've 189 00:10:07,400 --> 00:10:08,880 Speaker 1: got to take the fur off of the coat in 190 00:10:08,920 --> 00:10:10,120 Speaker 1: order to make it fit. You know what I mean. 191 00:10:10,920 --> 00:10:13,480 Speaker 1: Bundle up and lester months since here principle of Government 192 00:10:13,480 --> 00:10:16,800 Speaker 1: Relations firm b GR Group and adjunct faculty member at 193 00:10:16,880 --> 00:10:22,000 Speaker 1: Johns Hopkins University. What up, Lester? You know, after the 194 00:10:22,080 --> 00:10:24,199 Speaker 1: last show you said you would come back, and now 195 00:10:24,240 --> 00:10:26,120 Speaker 1: you're here, so I know you meant it all right. 196 00:10:26,120 --> 00:10:28,600 Speaker 1: I don't want to start with impeachment because everything everyone's 197 00:10:28,600 --> 00:10:32,640 Speaker 1: buzzing about this coronavirus. Have you been following this? The coronavirus? 198 00:10:32,679 --> 00:10:36,080 Speaker 1: The World Health Organization has declared an emergency. I'm reading 199 00:10:36,080 --> 00:10:39,040 Speaker 1: from the Bloomberg terminal. My colleagues James Patton, Michelle Cortez, 200 00:10:39,280 --> 00:10:42,960 Speaker 1: and Bryce Bashuk. They say, quote the World Health Organization 201 00:10:43,000 --> 00:10:46,240 Speaker 1: called the outbreak of the coronavirus and China a global 202 00:10:46,280 --> 00:10:50,120 Speaker 1: health emergency, citing the risk that the sometimes deadly virus 203 00:10:50,160 --> 00:10:53,800 Speaker 1: could expand to other countries beyond the smattering of cases 204 00:10:53,840 --> 00:10:56,880 Speaker 1: outside of China so far. I mean, I'm struck by 205 00:10:56,920 --> 00:11:00,439 Speaker 1: this because you look at how automakers are now likely 206 00:11:00,440 --> 00:11:04,680 Speaker 1: going to cut China production by fient. According to one supplier, 207 00:11:05,160 --> 00:11:07,719 Speaker 1: the Italian cruise ship is gonna is locked in a 208 00:11:07,880 --> 00:11:11,760 Speaker 1: port despite a negative diagnosis. So you've got ships be installed, 209 00:11:12,160 --> 00:11:16,360 Speaker 1: auto production being halted, and um, you know, the World 210 00:11:16,360 --> 00:11:21,240 Speaker 1: Health Organization calling it a an emergency, Joel. I mean 211 00:11:21,280 --> 00:11:23,480 Speaker 1: this is really I said this yesterday. I was talking 212 00:11:23,480 --> 00:11:25,600 Speaker 1: to some folks about this all week. This is a 213 00:11:25,640 --> 00:11:29,920 Speaker 1: blind spot in the global economy. No, it is a 214 00:11:29,920 --> 00:11:32,440 Speaker 1: blind spot in global economy. It's also a blind spot 215 00:11:32,480 --> 00:11:34,240 Speaker 1: in the minds of a lot of people who we 216 00:11:34,280 --> 00:11:37,240 Speaker 1: depend on to make our decisions on priorities here in 217 00:11:37,240 --> 00:11:39,360 Speaker 1: the States. And look, you know, I don't I don't 218 00:11:39,400 --> 00:11:41,000 Speaker 1: want to sit here and say, oh, that the sun 219 00:11:41,040 --> 00:11:43,720 Speaker 1: went down as Donald Trump's fault. But I will say 220 00:11:44,000 --> 00:11:46,560 Speaker 1: you do have to look at how people come on 221 00:11:46,640 --> 00:11:48,480 Speaker 1: this program and say that. But but you do have 222 00:11:48,520 --> 00:11:51,680 Speaker 1: to look at how how are elected leaders prioritize issues 223 00:11:52,000 --> 00:11:53,800 Speaker 1: and how it comes back to affect us. The same 224 00:11:53,800 --> 00:11:57,280 Speaker 1: thing with disaster funds. What do you want to see 225 00:11:57,360 --> 00:11:58,839 Speaker 1: I don't know. I'd like to see him reverse the 226 00:11:58,880 --> 00:12:03,800 Speaker 1: billions of dollars and to you know, global health prioritization. Um. 227 00:12:03,840 --> 00:12:06,040 Speaker 1: You know, he talks a lot about the economy, and 228 00:12:06,200 --> 00:12:07,880 Speaker 1: there certainly are a lot of good things. He's not 229 00:12:07,960 --> 00:12:10,760 Speaker 1: for the economy. This is the hidden tax that sometimes 230 00:12:10,760 --> 00:12:13,240 Speaker 1: exists when you have somebody who's a little bit asleep 231 00:12:13,240 --> 00:12:15,439 Speaker 1: at the wheel when it comes to filling key positions 232 00:12:15,679 --> 00:12:17,680 Speaker 1: and and funding things to the full level at the 233 00:12:17,679 --> 00:12:21,679 Speaker 1: federal budget. All right, Lester, here's a disease that originated 234 00:12:21,720 --> 00:12:25,319 Speaker 1: in Wuhan, China, and it's a blue collar town. It's 235 00:12:25,320 --> 00:12:27,800 Speaker 1: a it's a commodity driven town, and it's it's it's 236 00:12:27,880 --> 00:12:31,000 Speaker 1: very interconnected in terms of global trade. Obviously, we're coming 237 00:12:31,040 --> 00:12:34,959 Speaker 1: off the US China Phase one trade agreement, and now 238 00:12:35,480 --> 00:12:39,520 Speaker 1: President Trump and General Secretary shi Jing Ping are having 239 00:12:39,520 --> 00:12:42,920 Speaker 1: to talk, having to having to discuss this about how 240 00:12:42,960 --> 00:12:45,360 Speaker 1: to halt this. Lester, take us behind the scenes and 241 00:12:45,400 --> 00:12:48,000 Speaker 1: your work on the Senate Form Relations Committee and now 242 00:12:48,040 --> 00:12:50,640 Speaker 1: of course a PGR group. Take us behind the scenes 243 00:12:50,640 --> 00:12:53,600 Speaker 1: and to the actual conversations that get had when an 244 00:12:53,600 --> 00:12:56,360 Speaker 1: outbreak like this occurs, regardless of who's in the White House. Well, 245 00:12:56,360 --> 00:12:59,480 Speaker 1: first of all, the consumption of bats of life bats 246 00:12:59,559 --> 00:13:01,680 Speaker 1: is way out now. People are not going to be 247 00:13:01,720 --> 00:13:04,000 Speaker 1: eating bats. That's my prediction based on some of the 248 00:13:04,040 --> 00:13:06,160 Speaker 1: videos I've seen. I'm kind of joking, Kevin, I don't know. 249 00:13:06,200 --> 00:13:07,559 Speaker 1: I didn't know if that was a joke that went 250 00:13:07,600 --> 00:13:09,800 Speaker 1: way over my head. Sorry. One of the things that 251 00:13:09,840 --> 00:13:12,880 Speaker 1: you find at the market in China is all of 252 00:13:12,920 --> 00:13:16,000 Speaker 1: these animals, like there's a more of a willingness in 253 00:13:16,120 --> 00:13:18,800 Speaker 1: China to eat wildlife than there is here. It's cultural 254 00:13:18,880 --> 00:13:21,840 Speaker 1: thing that's gonna wayne. I think what's really going on 255 00:13:21,920 --> 00:13:23,560 Speaker 1: behind the scenes, though, to kind of pivot off of 256 00:13:23,559 --> 00:13:25,200 Speaker 1: what Joel said, is you're going to see a lot 257 00:13:25,240 --> 00:13:28,800 Speaker 1: more scrutiny of the World Health Organization. Uh. Dr Tedros 258 00:13:28,840 --> 00:13:30,600 Speaker 1: who's the head of the w h O, was in 259 00:13:30,720 --> 00:13:33,080 Speaker 1: China a few days ago. He basically gave them his 260 00:13:33,120 --> 00:13:35,200 Speaker 1: stamp of approval. I'm not sure that was the best 261 00:13:35,200 --> 00:13:37,800 Speaker 1: thing to say. China's response could have been a lot better. 262 00:13:37,880 --> 00:13:40,880 Speaker 1: They were holding back key information late last year when 263 00:13:40,880 --> 00:13:43,840 Speaker 1: they knew this thing was metastasizing a little bit earlier. 264 00:13:43,880 --> 00:13:46,840 Speaker 1: Wanting may have led to fewer infections now and maybe 265 00:13:46,880 --> 00:13:49,160 Speaker 1: even fewer deaths. So I think I'm expecting there to 266 00:13:49,200 --> 00:13:51,880 Speaker 1: be a lot more scrutiny of international organizations like the 267 00:13:52,000 --> 00:13:55,400 Speaker 1: w h real soon. Remember just a package one thing 268 00:13:55,400 --> 00:13:57,920 Speaker 1: that Lester just said, though, and we started with a 269 00:13:58,000 --> 00:14:01,880 Speaker 1: humorous joke with regards to bat that said, however, what 270 00:14:02,000 --> 00:14:05,360 Speaker 1: you just said is where the volatility lies, as particularly 271 00:14:05,480 --> 00:14:07,800 Speaker 1: for investors who are looking in various sectors of the 272 00:14:07,800 --> 00:14:11,559 Speaker 1: food market. And in various trends in global food trends, 273 00:14:11,800 --> 00:14:14,040 Speaker 1: what you just said as the potential to move markets, 274 00:14:14,040 --> 00:14:16,360 Speaker 1: and that's why you're seeing volatility in that sense. The 275 00:14:16,440 --> 00:14:18,880 Speaker 1: second point that you've raised in terms of scrutiny over 276 00:14:18,920 --> 00:14:21,480 Speaker 1: the World Health Organization at a time in which Sijing 277 00:14:21,560 --> 00:14:25,160 Speaker 1: Ping is restructuring the government in order to presume power, 278 00:14:25,240 --> 00:14:27,600 Speaker 1: or has restructured the government to hold onto power for 279 00:14:27,640 --> 00:14:31,760 Speaker 1: so long, that is a long implication. My question to you, though, 280 00:14:31,880 --> 00:14:35,040 Speaker 1: is again taking us behind the scenes here, what can 281 00:14:35,160 --> 00:14:40,880 Speaker 1: global governments worldwide do to shift the or to rather 282 00:14:41,120 --> 00:14:43,120 Speaker 1: make I don't know if transparency is the best word, 283 00:14:43,120 --> 00:14:47,360 Speaker 1: but to increase the communicative flow as it relates to 284 00:14:47,400 --> 00:14:50,760 Speaker 1: global outbreaks. Well, look with with the Stars epidemic fifteen 285 00:14:50,800 --> 00:14:53,640 Speaker 1: years ago in China. It was handled very badly. China 286 00:14:53,720 --> 00:14:57,040 Speaker 1: came under a lot of criticism. China's improved their responses better. 287 00:14:57,160 --> 00:14:58,920 Speaker 1: Now It's still not where it should be, but it's 288 00:14:59,040 --> 00:15:01,640 Speaker 1: it's been better and there's more transparency and more openness 289 00:15:01,640 --> 00:15:04,160 Speaker 1: from that government. We need to keep the pressure on 290 00:15:04,360 --> 00:15:07,160 Speaker 1: China to be to disclose what's happening there. They're not 291 00:15:07,200 --> 00:15:10,280 Speaker 1: an open democracy. They limit the internet there, they limit 292 00:15:10,640 --> 00:15:13,400 Speaker 1: the government controls what people can say or do, So 293 00:15:13,480 --> 00:15:16,040 Speaker 1: there's it's it's a lot easier for China to fall 294 00:15:16,080 --> 00:15:18,400 Speaker 1: into the trap of kind of closing down and hoping 295 00:15:18,400 --> 00:15:21,080 Speaker 1: the problem goes away. This thing needs to be discussed, 296 00:15:21,120 --> 00:15:22,800 Speaker 1: It needs to get out there. People need to know 297 00:15:22,840 --> 00:15:24,680 Speaker 1: what's happening. They need to be able to make decisions 298 00:15:24,680 --> 00:15:27,960 Speaker 1: about their lives. Joel, I just find this fascinating. I mean, truthfully, 299 00:15:28,000 --> 00:15:30,840 Speaker 1: regardless of whether it's Democrats are Republicans, there's only so 300 00:15:30,920 --> 00:15:34,680 Speaker 1: much it would appear that the United States alone can 301 00:15:34,720 --> 00:15:41,800 Speaker 1: do in order to pressure another government like China, for example, 302 00:15:42,200 --> 00:15:45,880 Speaker 1: to be so brazen and so withhold information about a 303 00:15:45,960 --> 00:15:51,520 Speaker 1: disease that has global global ramifications. Yeah, I agree with you. 304 00:15:51,640 --> 00:15:53,880 Speaker 1: I mean, look, and I think that you know, when 305 00:15:53,880 --> 00:15:57,280 Speaker 1: you have an administration that's the prioritized again, not just 306 00:15:57,360 --> 00:16:00,880 Speaker 1: the funding here in the States, but also the relationship internationally. 307 00:16:01,160 --> 00:16:04,160 Speaker 1: Let's remember a lot of those strong allies that we've 308 00:16:04,200 --> 00:16:06,760 Speaker 1: got around the world have kind of lost confidence in 309 00:16:06,760 --> 00:16:09,920 Speaker 1: America as the leader, as the moral leader at the table. 310 00:16:10,000 --> 00:16:12,360 Speaker 1: And when you have moments like this, I think that's 311 00:16:12,400 --> 00:16:14,640 Speaker 1: that hidden tax that I don't think we always pay 312 00:16:14,680 --> 00:16:17,200 Speaker 1: attention to but you know, if Donald Trump maybe had 313 00:16:17,200 --> 00:16:19,320 Speaker 1: a better relationship with Angela Merkel, if he had a 314 00:16:19,320 --> 00:16:22,320 Speaker 1: better relationship with Macron, if he had a better relationship 315 00:16:22,360 --> 00:16:25,080 Speaker 1: with people across Europe, maybe it's easier to go and 316 00:16:25,120 --> 00:16:28,440 Speaker 1: have multilateral conversations with China. Maybe it's easier to go 317 00:16:28,800 --> 00:16:32,000 Speaker 1: and be a little bit more of a global states person, 318 00:16:32,040 --> 00:16:35,880 Speaker 1: which we expect our president to be. Yeah, I'm not 319 00:16:36,000 --> 00:16:38,640 Speaker 1: entirely disagreeing with that at all. I wish the administration 320 00:16:38,680 --> 00:16:41,360 Speaker 1: had taken uh the appointment of the leader of the 321 00:16:41,480 --> 00:16:43,760 Speaker 1: w h OH much more seriously and played an active role. 322 00:16:43,800 --> 00:16:46,520 Speaker 1: I think we could have a better expert in there, 323 00:16:46,560 --> 00:16:49,760 Speaker 1: like a Tony Faucci, who's an American, Who's where's the tsar? 324 00:16:50,000 --> 00:16:53,040 Speaker 1: How come he as a name Tzar? You know Obama 325 00:16:53,160 --> 00:16:55,200 Speaker 1: ended up naming a zar right when during the last 326 00:16:55,320 --> 00:16:58,360 Speaker 1: big a Bola outbreak in West Africa it was al 327 00:16:58,480 --> 00:17:00,800 Speaker 1: Gore's former staffer whose name is escaping me at the monk. 328 00:17:00,880 --> 00:17:04,080 Speaker 1: But there's uh, you know, why not do that? I mean, 329 00:17:04,119 --> 00:17:06,480 Speaker 1: this is this is a scary time. This there's already 330 00:17:06,520 --> 00:17:10,440 Speaker 1: more people infected by this coronavirus than there were under 331 00:17:10,480 --> 00:17:13,040 Speaker 1: a bowla from West Africa more. There's more Americans who've 332 00:17:13,040 --> 00:17:15,119 Speaker 1: been infected than there were from a bowla before. So 333 00:17:15,160 --> 00:17:16,560 Speaker 1: this is this is a real thing. I think you're 334 00:17:16,560 --> 00:17:18,800 Speaker 1: gonna see pressure for his ark coming up much more 335 00:17:18,880 --> 00:17:29,240 Speaker 1: panel reaction. I'm Kevin Serelli. You're listening to Bloomberg. This 336 00:17:29,520 --> 00:17:34,720 Speaker 1: is Bloomberg's sound on with Kevin Shirley on Bloomberg and 337 00:17:34,800 --> 00:17:37,040 Speaker 1: one oh five point seven of m h D two. 338 00:17:37,560 --> 00:17:40,080 Speaker 1: I love that song. It's one of my favorite songs 339 00:17:40,080 --> 00:17:42,680 Speaker 1: off of my favorite album, All That You Can't Leave 340 00:17:42,720 --> 00:17:45,040 Speaker 1: Behind by the best band in the history of music, 341 00:17:45,320 --> 00:17:48,720 Speaker 1: not even Beethoven's Better You Two. I'm Kevin Cerelli, Chief 342 00:17:48,760 --> 00:17:51,879 Speaker 1: Washington Correspondent, fro Bloomberg Television of Bloomberg Radio. Lesser Mounthson 343 00:17:51,920 --> 00:17:54,119 Speaker 1: is rolling his eyes. Who's your favorite ban Muster? I'm 344 00:17:54,160 --> 00:17:59,400 Speaker 1: I'm furrowing my brow Uh. Who is my favorite band? 345 00:18:00,040 --> 00:18:03,240 Speaker 1: The Rolling Stones? Obviously? Okay, that's a good pick. Joel Payne, 346 00:18:03,240 --> 00:18:06,520 Speaker 1: here's your favorite band? Tank Lan, Tiffany Howser, who's your 347 00:18:06,520 --> 00:18:08,400 Speaker 1: favorite band? I don't know if I could say band, 348 00:18:08,440 --> 00:18:11,600 Speaker 1: but I would say Prince Oh. Tiffany Howser making her 349 00:18:11,640 --> 00:18:15,600 Speaker 1: Bloomberg Radio sound on debut. She has a leadership coach, strategist, 350 00:18:15,680 --> 00:18:18,960 Speaker 1: and speaker, and she consults with businesses UH and advises 351 00:18:19,040 --> 00:18:21,000 Speaker 1: CEOs and whatnot. I've got a lot to talk about 352 00:18:21,000 --> 00:18:23,240 Speaker 1: with you, my friend, but first I want to stick 353 00:18:23,400 --> 00:18:26,840 Speaker 1: stick with our political panel for a second and talk 354 00:18:26,880 --> 00:18:30,880 Speaker 1: about impeachment. All right. The Senate Republicans are growing confident 355 00:18:31,119 --> 00:18:35,080 Speaker 1: that they have been able to block impeachment witnesses, Why Lester, 356 00:18:35,240 --> 00:18:37,480 Speaker 1: what happened between now and Maggie Scoop a couple of 357 00:18:37,560 --> 00:18:40,760 Speaker 1: days ago. Well, clearly, Mitch McConnell's been working behind the 358 00:18:40,760 --> 00:18:43,399 Speaker 1: scenes to help the president. He's been talking to the 359 00:18:43,400 --> 00:18:47,040 Speaker 1: Republicans who are at risk in the election coming up 360 00:18:47,040 --> 00:18:49,720 Speaker 1: this year. He's been talking to moderates and he's been 361 00:18:49,760 --> 00:18:51,359 Speaker 1: working on getting some of them to come over to 362 00:18:51,400 --> 00:18:53,240 Speaker 1: his side, and he's been appears that he's going to 363 00:18:53,280 --> 00:18:56,399 Speaker 1: be successful. Did you see Susan Collins. Senator Susan Collins, 364 00:18:56,440 --> 00:18:59,200 Speaker 1: Republican from Maine, released some of the audio tapes that 365 00:18:59,440 --> 00:19:02,360 Speaker 1: she's been getting left. I thought it was a fascinating 366 00:19:02,400 --> 00:19:04,400 Speaker 1: I can't play them on there because I mean, they're 367 00:19:04,440 --> 00:19:07,680 Speaker 1: so vulgar, so grotesque, but I think it was a 368 00:19:07,720 --> 00:19:11,480 Speaker 1: good illustration of truthfully what lawmakers and both parties. Now, 369 00:19:11,800 --> 00:19:13,680 Speaker 1: It's one thing to see it in your art replies, 370 00:19:13,960 --> 00:19:16,720 Speaker 1: it's another to hear it in your voice logs, voicemail logs. 371 00:19:17,200 --> 00:19:19,359 Speaker 1: It's bad. People are people are nasty. You can just 372 00:19:19,400 --> 00:19:23,960 Speaker 1: look on politicians facebook posts. Every single comment underneath it 373 00:19:24,080 --> 00:19:27,320 Speaker 1: is nasty and negative. There's we've really we've just gone 374 00:19:27,359 --> 00:19:29,080 Speaker 1: to our corners in this country and no one, no 375 00:19:29,119 --> 00:19:31,400 Speaker 1: one's nice to the other. So they're taking their cues 376 00:19:31,480 --> 00:19:34,480 Speaker 1: from some elected officials though, I mean, you know, I 377 00:19:34,480 --> 00:19:36,600 Speaker 1: mean some we've got things that our president has said 378 00:19:36,640 --> 00:19:38,960 Speaker 1: from the pulpit of the White House that we can't 379 00:19:38,960 --> 00:19:42,040 Speaker 1: repeat on air. Let's say, so, what do you think 380 00:19:42,080 --> 00:19:45,200 Speaker 1: there's gonna be witnesses tomorrow? It looks like right now 381 00:19:45,280 --> 00:19:47,520 Speaker 1: Republicans are probably gonna win the witness vote and they're 382 00:19:47,520 --> 00:19:49,240 Speaker 1: going to be able to block that. And I think 383 00:19:49,280 --> 00:19:52,800 Speaker 1: that's really that would be a monumental problem for Republicans 384 00:19:52,840 --> 00:19:54,879 Speaker 1: that they've got to defend for the next year. Yeah, 385 00:19:55,160 --> 00:19:57,680 Speaker 1: because I think the case has been made for a 386 00:19:57,680 --> 00:20:01,960 Speaker 1: fair trial, seventy support throughout the country, and honestly, what 387 00:20:02,040 --> 00:20:04,960 Speaker 1: are Republicans hiding from? John Bolton, John Bolton is no 388 00:20:05,160 --> 00:20:08,800 Speaker 1: member of the Democrats. The Democrats of America. Me and 389 00:20:08,880 --> 00:20:12,959 Speaker 1: John Bolton don't hang out, right so so so if 390 00:20:13,000 --> 00:20:15,200 Speaker 1: you're afraid of what John Bolton has to say about 391 00:20:15,240 --> 00:20:18,560 Speaker 1: a Republican president, that is very okay. Take us behind 392 00:20:18,600 --> 00:20:20,840 Speaker 1: the scenes. All right, let's let's let's go into process, 393 00:20:21,040 --> 00:20:23,440 Speaker 1: because I want if you're on your way home from work, 394 00:20:23,480 --> 00:20:27,359 Speaker 1: I want folks to kind of play this out. What 395 00:20:27,560 --> 00:20:30,359 Speaker 1: Tuesday night is the State of the Union address? Likely 396 00:20:30,400 --> 00:20:34,199 Speaker 1: it's looking like the presidents will be cleared by Tuesday 397 00:20:34,320 --> 00:20:37,800 Speaker 1: night by the Republican controlled Senate. Where does Speaker Pelosi 398 00:20:38,000 --> 00:20:45,120 Speaker 1: go Wednesday morning? Other than home? What's her plan? Oh? 399 00:20:45,160 --> 00:20:47,320 Speaker 1: I understand what you're saying. Sorry, look, I should have 400 00:20:47,320 --> 00:20:48,760 Speaker 1: asked a better question. No, no no, no, no no, no, you're 401 00:20:48,840 --> 00:20:50,440 Speaker 1: you're fined. I just want to make sure I understood 402 00:20:50,440 --> 00:20:53,480 Speaker 1: it correctly. I think I think Speaker Pelosi and every 403 00:20:53,520 --> 00:20:56,920 Speaker 1: Democrat in America will begin a unified message of what 404 00:20:56,960 --> 00:21:00,479 Speaker 1: a Republicans hiding. Why would they not stand up to 405 00:21:00,560 --> 00:21:03,320 Speaker 1: find out the truth about what happened? They claimed that 406 00:21:03,320 --> 00:21:05,960 Speaker 1: they don't have enough information to move forward, yet they 407 00:21:06,040 --> 00:21:09,880 Speaker 1: blocked every accountability measure that was put forward to get 408 00:21:09,880 --> 00:21:13,840 Speaker 1: more information, documents and witness. You're not saying pricing. And 409 00:21:13,880 --> 00:21:16,879 Speaker 1: that's that's my policy based question is is there room 410 00:21:16,960 --> 00:21:21,200 Speaker 1: for Speaker Pelosian President Trump to work together on policy 411 00:21:21,240 --> 00:21:25,000 Speaker 1: issues that will not get coverage in the mainstream preppecially 412 00:21:25,040 --> 00:21:28,959 Speaker 1: in an election year. But can they do things as 413 00:21:29,000 --> 00:21:33,720 Speaker 1: it relates to defense spending and contracting. And I'm shaking 414 00:21:33,760 --> 00:21:36,760 Speaker 1: my head feverishly. Yes, they just passed a gigantic trade deal. 415 00:21:38,240 --> 00:21:40,200 Speaker 1: And I love the way she spun that was when 416 00:21:40,320 --> 00:21:42,760 Speaker 1: when she said I was surprised that Republicans were on 417 00:21:42,800 --> 00:21:44,600 Speaker 1: board with me. I pulled them so far to the left. 418 00:21:44,600 --> 00:21:47,840 Speaker 1: I'm like, touch, Schumer disagrees with you, but we'll leave 419 00:21:47,840 --> 00:21:49,440 Speaker 1: it there, all right. I now want to bring into 420 00:21:49,440 --> 00:21:53,320 Speaker 1: the conversation Tiffany Howser. She's a leadership coach, strategist and speaker. 421 00:21:53,320 --> 00:21:56,120 Speaker 1: And Tiffany texted me this article a couple of days 422 00:21:56,160 --> 00:21:59,119 Speaker 1: ago about Goldman Sacks. It's on the Bloomberg terminal. Jeff 423 00:21:59,160 --> 00:22:02,000 Speaker 1: Green reports on the Bloomberg terminal the era of the white, 424 00:22:02,000 --> 00:22:06,200 Speaker 1: all male board is coming to an end. Goldman Sachs 425 00:22:06,280 --> 00:22:12,440 Speaker 1: Group Chief executive Officer David Solomon issued this latest ultimatum 426 00:22:12,480 --> 00:22:16,680 Speaker 1: Thursday from Davos, Wall Street's biggest underwriter of initial public 427 00:22:16,760 --> 00:22:19,760 Speaker 1: offerings in the US, will no longer take a company 428 00:22:19,840 --> 00:22:24,439 Speaker 1: public in the United States and Europe if it lacks 429 00:22:24,480 --> 00:22:29,200 Speaker 1: a director who was either female or diverse. Now Asia 430 00:22:29,320 --> 00:22:32,760 Speaker 1: is not included in the firm's new policy. Tiffany Howser, 431 00:22:32,800 --> 00:22:35,320 Speaker 1: you advise CEO, as you talked to board members, you 432 00:22:35,320 --> 00:22:38,120 Speaker 1: talk about all these different boards. This is a monumental 433 00:22:38,240 --> 00:22:42,800 Speaker 1: cultural shift as it relates coming from Goldman Sachs. Yeah, 434 00:22:42,800 --> 00:22:44,840 Speaker 1: And what what was interesting when we saw this piece 435 00:22:44,920 --> 00:22:47,560 Speaker 1: last week was you know, this has been happening in 436 00:22:47,600 --> 00:22:52,000 Speaker 1: California since last year, mandated by law. So for this 437 00:22:52,119 --> 00:22:55,200 Speaker 1: to be coming full circle into the financial sector, it 438 00:22:55,359 --> 00:23:00,399 Speaker 1: just it popped. It had its traction, its momentum, and 439 00:23:00,760 --> 00:23:02,840 Speaker 1: you know, I just love what David said with a 440 00:23:02,920 --> 00:23:07,720 Speaker 1: focus on females. So he wasn't exactly direct with you 441 00:23:07,760 --> 00:23:11,840 Speaker 1: know what that quote unquote means, but ended with a 442 00:23:11,880 --> 00:23:14,960 Speaker 1: focus on females. It's interesting, Tiffany, especially when you look 443 00:23:14,960 --> 00:23:16,920 Speaker 1: at it through the lens of what other business groups 444 00:23:16,920 --> 00:23:19,920 Speaker 1: have done, such as the Business Roundtable, for example, and 445 00:23:19,920 --> 00:23:24,120 Speaker 1: and and changing their um and changing their statement there 446 00:23:24,160 --> 00:23:27,399 Speaker 1: a public mission statement as it relates to being more inclusive, 447 00:23:27,440 --> 00:23:30,960 Speaker 1: to being more diverse. And it really seems that that 448 00:23:31,080 --> 00:23:34,440 Speaker 1: Corporate America has been dare I say, ahead of Washington 449 00:23:34,960 --> 00:23:38,800 Speaker 1: on this front as it relates to embracing diversity. Yeah. 450 00:23:38,920 --> 00:23:43,200 Speaker 1: And you know, the interesting part here is that it's 451 00:23:43,240 --> 00:23:45,800 Speaker 1: been happening. It's not as if there's a lag or 452 00:23:45,840 --> 00:23:50,040 Speaker 1: a trail. Um. And when we start to see the impact, 453 00:23:50,119 --> 00:23:53,240 Speaker 1: you know, David and mentioned in that article that companies 454 00:23:53,240 --> 00:23:56,000 Speaker 1: with one diverse board members saw a forty four percent 455 00:23:56,200 --> 00:24:00,840 Speaker 1: jump in their average share price with one year. Wow. 456 00:24:01,040 --> 00:24:04,960 Speaker 1: A forty four percent share increase in one year to 457 00:24:05,040 --> 00:24:09,639 Speaker 1: companies that are more diverse. Wow. So welcome ladies. So 458 00:24:09,680 --> 00:24:11,240 Speaker 1: what does this mean that in terms of what do 459 00:24:11,280 --> 00:24:15,520 Speaker 1: you advise companies and and and corporations or CEOs who 460 00:24:15,520 --> 00:24:19,200 Speaker 1: are looking to to to have to comply with David 461 00:24:19,240 --> 00:24:23,480 Speaker 1: Solomon's uh new policies or boards that are trying to 462 00:24:23,480 --> 00:24:26,120 Speaker 1: to become more diverse. How do you do that? Yeah, well, 463 00:24:26,160 --> 00:24:29,440 Speaker 1: it's it's been the same. Nothing has changed from our perspective. Um, 464 00:24:29,480 --> 00:24:32,960 Speaker 1: just the message got louder and bigger. So we always 465 00:24:33,000 --> 00:24:37,560 Speaker 1: advise on authenticity. So don't just select women, you know 466 00:24:37,600 --> 00:24:39,600 Speaker 1: to check a box off. Don't do that, and don't 467 00:24:39,600 --> 00:24:41,920 Speaker 1: just put a picture on your Instagram. So what does 468 00:24:41,920 --> 00:24:43,640 Speaker 1: that mean that how do you be authentic in the workplace? 469 00:24:43,840 --> 00:24:46,800 Speaker 1: So you find alignment, alignment with who fits the bill 470 00:24:47,000 --> 00:24:50,879 Speaker 1: and really do do the search and not just you know, 471 00:24:50,960 --> 00:24:53,919 Speaker 1: the top players that are kind of like in the 472 00:24:53,960 --> 00:24:56,840 Speaker 1: hat all the time, like the players who are always 473 00:24:56,880 --> 00:24:59,520 Speaker 1: sorry my thought, everybody I didn't put her mic in 474 00:24:59,560 --> 00:25:02,520 Speaker 1: front of her, got it? Got it um? So making 475 00:25:02,560 --> 00:25:05,320 Speaker 1: sure that that hat has all the players in it 476 00:25:05,400 --> 00:25:08,800 Speaker 1: and not just the regulars. So with women, that means 477 00:25:09,000 --> 00:25:11,800 Speaker 1: we get to step up and not wait for the call, 478 00:25:11,920 --> 00:25:14,320 Speaker 1: not wait for the invitation. We get to now put 479 00:25:14,359 --> 00:25:17,560 Speaker 1: our name in the hat. And that's what's exciting about this, Kevin. 480 00:25:17,840 --> 00:25:19,959 Speaker 1: So when you look at it through the lens of Washington, right, 481 00:25:19,960 --> 00:25:23,120 Speaker 1: and we see so much, especially in an election year 482 00:25:23,160 --> 00:25:27,000 Speaker 1: with everything so intense and you've got different candidates and 483 00:25:27,480 --> 00:25:32,280 Speaker 1: whatnot and everything. What can politicians learn from CEOs and 484 00:25:32,320 --> 00:25:35,600 Speaker 1: from board members uh and and from the private sector 485 00:25:35,640 --> 00:25:38,040 Speaker 1: as it relates to embracing diversity Because a lot of 486 00:25:38,080 --> 00:25:40,760 Speaker 1: these Hill staffers on both sides of the aisle, they 487 00:25:40,760 --> 00:25:43,560 Speaker 1: could use a little more diversity. Yeah, and when when 488 00:25:43,560 --> 00:25:46,280 Speaker 1: we look at diversity, we look at creativity, we look 489 00:25:46,359 --> 00:25:49,639 Speaker 1: at possibilities, we look at solutions that why not have 490 00:25:49,880 --> 00:25:53,959 Speaker 1: everyone's input as much input as possible. So you know, 491 00:25:54,280 --> 00:25:58,560 Speaker 1: when you're looking out into the field of potential voters 492 00:25:58,720 --> 00:26:01,840 Speaker 1: or potential you know, whatever it is you're working on that, 493 00:26:01,920 --> 00:26:04,159 Speaker 1: why not keep looking in all the you know, in 494 00:26:04,240 --> 00:26:09,760 Speaker 1: different places, newer places, and listen. Take everyone seriously, doesn't 495 00:26:09,800 --> 00:26:13,119 Speaker 1: matter if they fit the bill or you know, you know, 496 00:26:13,280 --> 00:26:17,399 Speaker 1: just keep keep the open possibility that contribution comes in 497 00:26:17,480 --> 00:26:20,240 Speaker 1: any shape former size. I like that, Tiffany how's are 498 00:26:20,240 --> 00:26:22,040 Speaker 1: sticking around? We do this thing called What's on your radar? 499 00:26:22,040 --> 00:26:23,600 Speaker 1: And I want to know what else is on your radar? 500 00:26:23,760 --> 00:26:25,560 Speaker 1: And make sure, folks, if you're out there listening, go 501 00:26:25,680 --> 00:26:29,000 Speaker 1: to the Bloomberg terminal and read Jeff Green's reporting on 502 00:26:29,040 --> 00:26:31,800 Speaker 1: Bloomberg dot com. Goldman to refuse I p o s 503 00:26:31,920 --> 00:26:36,480 Speaker 1: if all of the directors are white straight men. Again, 504 00:26:36,520 --> 00:26:39,560 Speaker 1: that's Jeff Green's reporting. The bank is the latest firm 505 00:26:39,600 --> 00:26:42,399 Speaker 1: that is really looking to counter a lack of diversity 506 00:26:42,480 --> 00:26:47,320 Speaker 1: incorporate governance. I'm Kevin SURREALI download the Bloomberg sound on 507 00:26:47,520 --> 00:26:51,200 Speaker 1: podcast on Apple iTunes, at Bloomberg dot com, or by 508 00:26:51,240 --> 00:26:54,959 Speaker 1: downloading the Bloomberg Business app. You can also find me 509 00:26:55,080 --> 00:26:58,760 Speaker 1: on Radio dot com, I Heart Radio, and Spotify. We 510 00:26:58,800 --> 00:27:02,520 Speaker 1: are talking all things politics and policy. Coming up, Joel 511 00:27:02,520 --> 00:27:05,840 Speaker 1: pain is here. Democratic strategists Lester Months in a principle 512 00:27:05,920 --> 00:27:08,439 Speaker 1: at the government relations firm b g R Group. He 513 00:27:08,520 --> 00:27:11,159 Speaker 1: previously worked with Bob Corker, and I'll stick around to 514 00:27:11,359 --> 00:27:39,000 Speaker 1: you're listening to Bloomberg one. This is Bloomberg's Sound On 515 00:27:39,359 --> 00:27:43,720 Speaker 1: with Kevin Shirley on Bloomberg and one oh five point 516 00:27:43,800 --> 00:27:47,000 Speaker 1: seven f M h D two. I'm Kevin CURRELLI Chief 517 00:27:47,040 --> 00:27:50,720 Speaker 1: Washington correspondent from Bloomberg TV and Bloomberg Radio. My panelist 518 00:27:50,840 --> 00:27:54,680 Speaker 1: Joel Payne. Democratic strategist Lester Months in principal at government 519 00:27:54,720 --> 00:27:57,960 Speaker 1: relations from BGR Group, And he previously worked for Bob Corker. 520 00:27:58,080 --> 00:28:02,360 Speaker 1: What's Bob Corker up to? I don't know. I think 521 00:28:02,400 --> 00:28:05,320 Speaker 1: he's a new grandpa last couple year, so I suspect 522 00:28:05,359 --> 00:28:08,479 Speaker 1: he's spending a lot of time with his grandchildren. All Right, 523 00:28:08,680 --> 00:28:11,919 Speaker 1: I gotta get down in Tennessee and Tiffany Howser. Tiffany, 524 00:28:11,960 --> 00:28:18,240 Speaker 1: how's your first time on Bloomberg Radio. Sound ongoing, fantastic, fantastic, 525 00:28:18,280 --> 00:28:21,480 Speaker 1: Thank you for having me. You are welcome any time, 526 00:28:21,560 --> 00:28:23,280 Speaker 1: my friend. All right, So now we do this thing 527 00:28:23,320 --> 00:28:26,240 Speaker 1: called what's on the panel's radar? Lester, what is on 528 00:28:26,359 --> 00:28:29,880 Speaker 1: your radar? So one of the issues I've been following is, uh, 529 00:28:30,080 --> 00:28:33,720 Speaker 1: there was a new caravan that started in Central America 530 00:28:33,720 --> 00:28:37,000 Speaker 1: a few days ago. And you'll recall from the election, 531 00:28:37,080 --> 00:28:39,200 Speaker 1: this was a big thing. Right before the election, Trump 532 00:28:39,240 --> 00:28:41,520 Speaker 1: was doing all kinds of scare tactics about a caravan 533 00:28:41,600 --> 00:28:43,360 Speaker 1: coming in the US being invaded, and there was a 534 00:28:43,360 --> 00:28:45,760 Speaker 1: little nuts and he was trying to drum up his vote. 535 00:28:45,800 --> 00:28:48,760 Speaker 1: It didn't work at all. He lost the election big 536 00:28:48,800 --> 00:28:52,960 Speaker 1: time in Democrats took over historic election. Now, this new 537 00:28:53,000 --> 00:28:55,840 Speaker 1: caravans form in Central America. But when they went through 538 00:28:56,200 --> 00:28:59,280 Speaker 1: Guatemala and got to the border with Mexico, Mexico sent 539 00:28:59,360 --> 00:29:02,000 Speaker 1: him back, Wow, they're not getting through Mexico, They're not 540 00:29:02,040 --> 00:29:05,560 Speaker 1: getting to the Texas border. Things have changed change the 541 00:29:05,600 --> 00:29:08,240 Speaker 1: southern border. Mexico has decided they're not going to let 542 00:29:08,240 --> 00:29:11,760 Speaker 1: the caravan go through. The new president of Mexico is 543 00:29:11,800 --> 00:29:15,520 Speaker 1: working with Trump on a better plan to stop these caravans, 544 00:29:15,760 --> 00:29:19,000 Speaker 1: So that that dynamic from the election, I don't think 545 00:29:19,040 --> 00:29:21,400 Speaker 1: we're going to see in again. And I'll just point 546 00:29:21,440 --> 00:29:23,880 Speaker 1: out it didn't work for Trump. He kind of went 547 00:29:23,880 --> 00:29:26,000 Speaker 1: a little nuts on the issue. Didn't work for him 548 00:29:26,000 --> 00:29:28,200 Speaker 1: at all. That's not going to obtain this year. So 549 00:29:28,240 --> 00:29:30,120 Speaker 1: it might actually be good news for Trump. Well, it's 550 00:29:30,120 --> 00:29:32,920 Speaker 1: remarkable to just giving that this new Mexican president is 551 00:29:33,080 --> 00:29:36,400 Speaker 1: much more progressive than its predecessor. So and yet he 552 00:29:36,600 --> 00:29:39,120 Speaker 1: and Trump are collaborating on a bunch of these issues 553 00:29:39,840 --> 00:29:43,200 Speaker 1: on immigration stuff. Very very very interesting. Great thing that's 554 00:29:43,200 --> 00:29:46,479 Speaker 1: on your radar. Appreciate that. Joel Payne, what is on 555 00:29:46,560 --> 00:29:49,640 Speaker 1: the legendary Joel Payne's radar. I'm looking at the heartland 556 00:29:49,640 --> 00:29:52,000 Speaker 1: of America. I'm talking about Iowa. I'm looking at two things. 557 00:29:52,040 --> 00:29:55,160 Speaker 1: One the weather. How's that weather going to impact what's 558 00:29:55,200 --> 00:29:57,440 Speaker 1: gonna happen. It's gonna be cold, But is it going 559 00:29:57,480 --> 00:30:00,320 Speaker 1: to be so cold that people stay home, that people 560 00:30:00,320 --> 00:30:03,160 Speaker 1: don't show up. That's a very very underrated thing to 561 00:30:03,200 --> 00:30:05,320 Speaker 1: pay attention to in terms of how the turnout is 562 00:30:05,360 --> 00:30:07,840 Speaker 1: going to be. Also, the future of the Iowa caucus. 563 00:30:07,960 --> 00:30:11,160 Speaker 1: If Iowa picks an outlier candidate, that don't, that does 564 00:30:11,200 --> 00:30:14,240 Speaker 1: not become the democratic standard bearer. Look for and you 565 00:30:14,320 --> 00:30:16,520 Speaker 1: heard it here. First look for Democrats to look to 566 00:30:16,600 --> 00:30:19,560 Speaker 1: change the process and to possibly look at moving Iowa 567 00:30:19,800 --> 00:30:22,720 Speaker 1: out of that first spot. I think that's so risky, 568 00:30:23,840 --> 00:30:29,080 Speaker 1: how so, because if you do that, it it totally. 569 00:30:29,720 --> 00:30:33,760 Speaker 1: It will play right into the narrative that Democrats don't 570 00:30:33,760 --> 00:30:36,320 Speaker 1: care about fly over country. I think the Des Moines 571 00:30:36,400 --> 00:30:38,640 Speaker 1: Chamber of Commerce will be very unhappy. I think there 572 00:30:38,680 --> 00:30:40,200 Speaker 1: are a lot of different parts of the country and 573 00:30:40,240 --> 00:30:43,000 Speaker 1: a lot of different underrepresented minorities that will be happy 574 00:30:43,040 --> 00:30:45,320 Speaker 1: that maybe they have a bigger step. But does that okay? 575 00:30:45,360 --> 00:30:49,240 Speaker 1: This is and I mean that's like, does that set 576 00:30:49,360 --> 00:30:53,520 Speaker 1: up the coasts versus the heartland? No, I don't. There 577 00:30:53,520 --> 00:30:56,440 Speaker 1: are plenty of other states that represent kind of the 578 00:30:56,480 --> 00:30:58,840 Speaker 1: same part of the country that Iowa does that you 579 00:30:58,880 --> 00:31:01,920 Speaker 1: could work into the mix. I actually think probably, like 580 00:31:01,960 --> 00:31:04,280 Speaker 1: a rotating pool estates is probably something that would be 581 00:31:04,280 --> 00:31:07,960 Speaker 1: the most egalitarian thing to do. Um But I will 582 00:31:07,960 --> 00:31:10,080 Speaker 1: say this, I have a special spot in my in 583 00:31:10,120 --> 00:31:16,000 Speaker 1: my clear I lived in Iowa for six months. It 584 00:31:16,040 --> 00:31:19,320 Speaker 1: sounds like it really made it in But but but 585 00:31:19,360 --> 00:31:22,240 Speaker 1: if they pick an outlier candidates look for that that conversation. 586 00:31:22,480 --> 00:31:24,480 Speaker 1: Some of us have to go there in two days. 587 00:31:25,880 --> 00:31:28,120 Speaker 1: I love the Hawk guys Steak, they're the nicest people. 588 00:31:28,200 --> 00:31:31,040 Speaker 1: I love Zombie Burger. I can get the fried mac 589 00:31:31,080 --> 00:31:34,200 Speaker 1: and cheese bud with the double bit Wiamy Burger. I 590 00:31:34,200 --> 00:31:36,400 Speaker 1: don't know. I think it's risky. I think it's risky. 591 00:31:36,440 --> 00:31:39,000 Speaker 1: I think when you've got Elizabeth Warren, I grew up 592 00:31:39,000 --> 00:31:42,320 Speaker 1: in Oklahoma, you know, I think she's got a pitch 593 00:31:42,360 --> 00:31:45,040 Speaker 1: to make. I think also Bernie Sanders, who won Michigan 594 00:31:45,160 --> 00:31:48,400 Speaker 1: against Hillary Clinton the last primary season. I don't know. 595 00:31:48,760 --> 00:31:50,800 Speaker 1: I think it's part of tradition. There's gotta be you 596 00:31:50,880 --> 00:31:52,680 Speaker 1: gotta have some I don't know, Lester, what do you 597 00:31:52,720 --> 00:31:55,400 Speaker 1: think you're a Republican. No, I totally understand what you're saying. 598 00:31:55,440 --> 00:32:00,280 Speaker 1: I do think and and the Democrats primary says it 599 00:32:00,280 --> 00:32:02,480 Speaker 1: has not been fantastic for their party. I think this time. 600 00:32:02,600 --> 00:32:06,200 Speaker 1: That's my humble opinion as a disaffected Republican. But you're right, 601 00:32:06,280 --> 00:32:08,480 Speaker 1: Kevin in the Democrats need to know how to talk 602 00:32:08,480 --> 00:32:10,360 Speaker 1: to the heartland, and they got to win those votes 603 00:32:10,360 --> 00:32:11,880 Speaker 1: if they're going to get back to the White House. 604 00:32:12,200 --> 00:32:13,960 Speaker 1: They need to learn how to win in places like Iowa. 605 00:32:13,960 --> 00:32:16,400 Speaker 1: Iowa used to be a swing state. It's not not anymore. 606 00:32:16,400 --> 00:32:17,680 Speaker 1: I got to get back to the place where they 607 00:32:17,760 --> 00:32:19,680 Speaker 1: and I just want to be on record is saying something. 608 00:32:19,680 --> 00:32:21,880 Speaker 1: Republicans need to know how to talk to the inner cities, 609 00:32:22,200 --> 00:32:25,160 Speaker 1: Republicans need to know how to talk to to to 610 00:32:25,280 --> 00:32:27,720 Speaker 1: minority groups, and so so I think, I mean, I 611 00:32:28,000 --> 00:32:31,840 Speaker 1: feel that way about both situations. UM, I don't know, though, 612 00:32:31,840 --> 00:32:33,640 Speaker 1: I hear what you're saying, and you're already hearing it. 613 00:32:33,680 --> 00:32:36,160 Speaker 1: And I've got sources at the d n C who 614 00:32:36,240 --> 00:32:39,640 Speaker 1: also have raised the issue of this rotating pool, uh 615 00:32:39,640 --> 00:32:42,320 Speaker 1: and whatnot. And you have people like Hillary Clinton who 616 00:32:42,320 --> 00:32:45,520 Speaker 1: in years past I've floated getting rid of the electoral college. 617 00:32:45,840 --> 00:32:48,120 Speaker 1: I think it'll be a conversation, but I'm not sure 618 00:32:48,200 --> 00:32:50,600 Speaker 1: that having it in the middle of the primary and caucus, 619 00:32:51,360 --> 00:32:53,120 Speaker 1: I'm not sure. I don't know. I don't know. We'll 620 00:32:53,120 --> 00:32:55,160 Speaker 1: find out. That's a great thing to have on your radar, though, 621 00:32:55,680 --> 00:33:00,360 Speaker 1: UM NFL fantasy draft of like how do you draft 622 00:33:00,400 --> 00:33:02,640 Speaker 1: which states? And I could get excited for that. You 623 00:33:02,720 --> 00:33:05,600 Speaker 1: have like a pizza party, have Chris Burman going announced 624 00:33:05,600 --> 00:33:08,120 Speaker 1: to be great? What about keV V. You can do 625 00:33:08,160 --> 00:33:10,760 Speaker 1: it too. I appreciate that. Thank you. I appreciate that. 626 00:33:10,800 --> 00:33:13,680 Speaker 1: Tiffany hals Er, what's on your radar? Well? Interesting and 627 00:33:13,760 --> 00:33:17,680 Speaker 1: laugh um. The coronavirus I didn't even occur to me 628 00:33:17,880 --> 00:33:21,400 Speaker 1: until you said there isn't a czar that that just 629 00:33:21,520 --> 00:33:24,800 Speaker 1: really hits. So you know, I don't know about less 630 00:33:24,880 --> 00:33:26,240 Speaker 1: to our Joel, but I know you and I we 631 00:33:26,320 --> 00:33:29,120 Speaker 1: fly a lot. And I don't know if you notice recently, 632 00:33:29,160 --> 00:33:32,040 Speaker 1: but in the airport I just landed yesterday, people had 633 00:33:32,040 --> 00:33:37,920 Speaker 1: on masks. International travelers, domestic travelers had on masks. And 634 00:33:38,000 --> 00:33:40,960 Speaker 1: it really is and I think that Tiffany is really 635 00:33:40,960 --> 00:33:42,920 Speaker 1: where I want to shine the spotlight right now, because 636 00:33:42,920 --> 00:33:45,760 Speaker 1: when you look at the economic impacts that this has, 637 00:33:45,840 --> 00:33:49,720 Speaker 1: it's not just obviously you know, it's a health concern. 638 00:33:49,800 --> 00:33:52,680 Speaker 1: People losing their lives. The death told now surpassing two 639 00:33:52,760 --> 00:33:56,320 Speaker 1: hundred in terms of reported cases. That I don't want 640 00:33:56,320 --> 00:33:57,400 Speaker 1: to I want to make sure I didn't get that 641 00:33:57,480 --> 00:34:01,320 Speaker 1: number wrong. But as the death toll continues to correct, 642 00:34:02,000 --> 00:34:06,600 Speaker 1: as that continues to declimb, but there's economic impacts. The 643 00:34:06,680 --> 00:34:09,080 Speaker 1: airline companies are now having to follow this. The cruise 644 00:34:09,480 --> 00:34:15,000 Speaker 1: industry tourism, commodities, trade and all of that volatility is 645 00:34:15,080 --> 00:34:19,759 Speaker 1: so incredibly open, and so I'm curious, Lester, what you 646 00:34:19,800 --> 00:34:22,640 Speaker 1: tell and advise your clients, or what your colleagues advised clients. 647 00:34:22,960 --> 00:34:26,239 Speaker 1: And at this particular point, as it relates to some 648 00:34:26,280 --> 00:34:29,399 Speaker 1: of these blind spots in the global economy, I think, 649 00:34:29,480 --> 00:34:32,960 Speaker 1: I think what we're seeing is UH an exacerbation of 650 00:34:32,960 --> 00:34:34,759 Speaker 1: a problem that was already there. You're already seeing these 651 00:34:34,760 --> 00:34:38,440 Speaker 1: supply chains being pulled apart. The pressure on China right 652 00:34:38,440 --> 00:34:42,000 Speaker 1: now is bipartisan. Republicans and Democrats are critical of China. 653 00:34:42,040 --> 00:34:44,879 Speaker 1: The business community is taking a hands off approach. They're 654 00:34:44,880 --> 00:34:48,000 Speaker 1: not promoting engagement anymore. And so our clients have kind 655 00:34:48,000 --> 00:34:51,280 Speaker 1: of already moved on this are American businesses have started 656 00:34:51,280 --> 00:34:54,080 Speaker 1: investing in other countries that started years ago. They're not 657 00:34:54,120 --> 00:34:56,880 Speaker 1: making those big money investments in China the way they 658 00:34:57,000 --> 00:34:59,440 Speaker 1: used to. This change, this is going to exacerbate a 659 00:34:59,520 --> 00:35:01,640 Speaker 1: change that was already happening. I think, all right, here's 660 00:35:01,640 --> 00:35:04,840 Speaker 1: something that's on my radar, and this is Jenny Vermetti. 661 00:35:05,360 --> 00:35:07,400 Speaker 1: Everybody knows who she is. How could you not. She 662 00:35:07,560 --> 00:35:12,440 Speaker 1: is the legendary CEO of IBM and she uh, president 663 00:35:12,480 --> 00:35:15,600 Speaker 1: and CEO, and she has announced that she is going 664 00:35:15,640 --> 00:35:19,640 Speaker 1: to be stepping down. She's retiring. She's been the executive chairman, 665 00:35:19,680 --> 00:35:23,440 Speaker 1: president and CEO of IBM since And Tiffany, you know, 666 00:35:24,320 --> 00:35:26,080 Speaker 1: you came on the show and you talked about the 667 00:35:26,080 --> 00:35:29,640 Speaker 1: shift in terms of corporate leadership and how Goldman Sachs 668 00:35:29,719 --> 00:35:32,520 Speaker 1: is is uh, you know, pushing to have more diversity 669 00:35:32,560 --> 00:35:35,400 Speaker 1: on on boards. Someone like a Jenny Vermetti really was 670 00:35:35,440 --> 00:35:39,000 Speaker 1: a trailblazer in many ways for corporate America. Yeah, a star. 671 00:35:39,360 --> 00:35:43,120 Speaker 1: And you know what's interesting is that, um, I wouldn't 672 00:35:43,120 --> 00:35:48,319 Speaker 1: be surprised if she shows up on some that might 673 00:35:48,360 --> 00:35:50,839 Speaker 1: be her new rodeo, but she really has been one 674 00:35:50,880 --> 00:35:56,040 Speaker 1: of the dominant, trailblazing first female CEOs who really, you know, 675 00:35:56,640 --> 00:35:58,520 Speaker 1: is known as a leader, is known as a CEO, 676 00:35:58,640 --> 00:36:02,040 Speaker 1: and oh she happens to be female. Yeah, and you know, 677 00:36:02,280 --> 00:36:05,600 Speaker 1: actually I've been to a couple of events where she 678 00:36:05,880 --> 00:36:09,279 Speaker 1: was referenced in a keynote just for that exact thing. 679 00:36:09,360 --> 00:36:11,000 Speaker 1: So you nailed it, Kevin, all right, well, thank you 680 00:36:11,080 --> 00:36:13,640 Speaker 1: so much to Tiffany Hawser, to Joel pay Joel, Who's 681 00:36:13,640 --> 00:36:16,799 Speaker 1: gonna win? Iowa? I think right now? It looks like 682 00:36:17,080 --> 00:36:19,839 Speaker 1: some combination of Bernie Sanders, Buddha, Judge, and Biden will 683 00:36:19,840 --> 00:36:22,120 Speaker 1: finish top three. I think Sanders has the insights track 684 00:36:22,239 --> 00:36:24,759 Speaker 1: right now? Wow, Okay Lester, Who's gonna win Iowa? I 685 00:36:24,760 --> 00:36:26,680 Speaker 1: think clob is gonna win. She may not get the 686 00:36:26,680 --> 00:36:29,040 Speaker 1: most votes, but she's gonna surprise everyone. She's gonna do 687 00:36:29,200 --> 00:36:31,319 Speaker 1: much better than expectations. And I think she's gonna launch 688 00:36:31,320 --> 00:36:34,040 Speaker 1: herself into the top to charge your dark horse, Tiffany, 689 00:36:34,080 --> 00:36:36,320 Speaker 1: you want to stay out of politics. I do. Kevin. 690 00:36:37,040 --> 00:36:39,520 Speaker 1: What's the best place to eat in Iowa? Have you 691 00:36:39,520 --> 00:36:41,920 Speaker 1: been in Iowa? I haven't. I've been in the airport 692 00:36:42,040 --> 00:36:46,360 Speaker 1: many a time that step in Iowa. Thanks for coming on, 693 00:36:46,400 --> 00:36:49,000 Speaker 1: Would you come back? Absolutely all right. Download the Bloomberg 694 00:36:49,000 --> 00:36:51,439 Speaker 1: sun On podcast on Apple, it Tunes, at Bloomberg dot com, 695 00:36:51,640 --> 00:36:53,799 Speaker 1: or by downloading the Bloomberg Business app. You can also 696 00:36:53,800 --> 00:36:56,440 Speaker 1: find me on Radio dot com, I Heart Radio, and Spotify. 697 00:36:56,480 --> 00:36:58,920 Speaker 1: My name is Kevin Cereli, Chief Washington correspondent from Boomberg 698 00:36:58,920 --> 00:37:01,520 Speaker 1: TV and Radio. It out to Wendy Benjaminson as well. 699 00:37:01,560 --> 00:37:05,360 Speaker 1: You're listening to Bloomberg h