1 00:00:00,440 --> 00:00:04,520 Speaker 1: Live from our nations. Should state election laws have been 2 00:00:04,600 --> 00:00:08,000 Speaker 1: changed as a result of the coronavirus? Historically speaking, the 3 00:00:08,000 --> 00:00:10,440 Speaker 1: markets that performed better when there is divided government. What 4 00:00:10,640 --> 00:00:14,320 Speaker 1: pressure does the volatility on the election mean for fiscal stimulus? 5 00:00:14,320 --> 00:00:18,919 Speaker 1: Bloomberg Sound on the insiders, the influencers, the insights. We 6 00:00:19,000 --> 00:00:20,439 Speaker 1: will not have a blue wave if we will not 7 00:00:20,560 --> 00:00:22,640 Speaker 1: have a red mirage. We will not have any of 8 00:00:22,680 --> 00:00:26,480 Speaker 1: those slogans. Government control elections US in the constitution, which 9 00:00:26,520 --> 00:00:28,400 Speaker 1: is pretty much going to go down to the wire. 10 00:00:28,560 --> 00:00:33,839 Speaker 1: This is Bloomberg Sound On with Kevin Shirland election on 11 00:00:34,000 --> 00:00:38,120 Speaker 1: Bloomberg Radio. Breaking news. Joe Biden has won the battleground 12 00:00:38,200 --> 00:00:43,879 Speaker 1: state of Michigan, according to Television Networks, adding sixteen Electoral 13 00:00:44,000 --> 00:00:48,040 Speaker 1: College votes to his tally. Now he stands at two 14 00:00:48,120 --> 00:00:52,120 Speaker 1: hundred and sixty four electoral votes to President Trump's two 15 00:00:52,200 --> 00:00:55,400 Speaker 1: hundred and eighteen. The magic number, of course two hundred 16 00:00:55,400 --> 00:01:00,400 Speaker 1: and seventy. Joe Biden just six electoral votes away, really 17 00:01:00,440 --> 00:01:04,920 Speaker 1: one battleground state away from winning the presidency. Again. Breaking news, 18 00:01:05,319 --> 00:01:09,800 Speaker 1: the Joe Biden has won the state of Michigan sixteen 19 00:01:09,840 --> 00:01:12,959 Speaker 1: electoral votes just within the last couple of minutes. According 20 00:01:13,040 --> 00:01:16,160 Speaker 1: to uh, several television networks. So that's we have every 21 00:01:16,160 --> 00:01:19,120 Speaker 1: angle covered. That's where we're gonna start. Okay, here's the latest. 22 00:01:19,160 --> 00:01:21,880 Speaker 1: Here's what we know. Joe Biden has now won the 23 00:01:21,920 --> 00:01:27,080 Speaker 1: battleground state of Michigan sixteen electoral votes. UH. This according 24 00:01:27,120 --> 00:01:31,800 Speaker 1: to television networks. Now his tally is at two sixty four, 25 00:01:31,880 --> 00:01:36,200 Speaker 1: just six votes away, six votes away from the magic 26 00:01:36,280 --> 00:01:39,840 Speaker 1: number of to seventy. Meanwhile, the President calling for a 27 00:01:39,880 --> 00:01:43,560 Speaker 1: recount in the state of Wisconsin. His campaign officials before 28 00:01:44,000 --> 00:01:47,880 Speaker 1: any before the official results have been declared, are declaring 29 00:01:47,960 --> 00:01:51,360 Speaker 1: victory in Pennsylvania as well as other states. And Rudy 30 00:01:51,360 --> 00:01:54,720 Speaker 1: Giuliani is in routes of Philadelphia. I believe as we speak, 31 00:01:54,960 --> 00:01:58,360 Speaker 1: I'm told by sources shortly before coming on air h 32 00:01:58,440 --> 00:02:01,400 Speaker 1: to take this thing to the courts, as President Trump 33 00:02:01,840 --> 00:02:04,480 Speaker 1: said he was going to do. So that's where we 34 00:02:04,520 --> 00:02:06,360 Speaker 1: stand right now. I will bring you all of the 35 00:02:06,880 --> 00:02:11,240 Speaker 1: latest developments as they happen. Uh. And and we just 36 00:02:11,400 --> 00:02:14,720 Speaker 1: heard from Joe Biden in the last hour where he 37 00:02:14,760 --> 00:02:18,080 Speaker 1: said from Wilmington, Delaware that he believes that they are 38 00:02:18,120 --> 00:02:22,040 Speaker 1: on their path for to to seventy. Justin Sink is 39 00:02:22,080 --> 00:02:24,720 Speaker 1: with me, he is Bloomberg White House reporter. Justin great 40 00:02:24,720 --> 00:02:27,400 Speaker 1: work last night and into the early morning. What is 41 00:02:27,440 --> 00:02:33,760 Speaker 1: Trump world saying today about their chances of of getting 42 00:02:33,760 --> 00:02:37,000 Speaker 1: to to seventy before Joe Biden. Yes, so, I think 43 00:02:37,080 --> 00:02:40,000 Speaker 1: the argument that we're hearing from the Trump's UH from 44 00:02:40,040 --> 00:02:42,480 Speaker 1: Trump officials kind of hinders on a couple of things. 45 00:02:42,520 --> 00:02:46,040 Speaker 1: The first is they think that UH networks and the 46 00:02:46,080 --> 00:02:49,560 Speaker 1: Associated Press were too quick to call Arizona and they're 47 00:02:49,639 --> 00:02:53,680 Speaker 1: they're eleven electoral states for electoral votes for Joe Bides. 48 00:02:54,280 --> 00:02:56,919 Speaker 1: They say that the outstanding votes in Arizona, unlike in 49 00:02:57,040 --> 00:03:00,440 Speaker 1: other states, are actually gonna probably savor Donald Trump. They 50 00:03:00,480 --> 00:03:03,400 Speaker 1: think that it's going to happen at a number that 51 00:03:03,400 --> 00:03:06,480 Speaker 1: that networks are going to be forced to reverse that call. 52 00:03:06,600 --> 00:03:10,040 Speaker 1: And that's really crucial for Donald Trump because Biden winning 53 00:03:10,080 --> 00:03:13,240 Speaker 1: Arizona really opened up the map for him and closed 54 00:03:13,280 --> 00:03:17,000 Speaker 1: it for for President Trump. The second thing that they 55 00:03:17,160 --> 00:03:19,960 Speaker 1: are trying to convey is that they feel really confident 56 00:03:20,000 --> 00:03:23,200 Speaker 1: in Pennsylvania because they say that the president right now 57 00:03:23,320 --> 00:03:26,200 Speaker 1: has what they're arguing is an insurmount of the lead. 58 00:03:26,280 --> 00:03:30,000 Speaker 1: The problem that you know, UH networks that are are 59 00:03:30,040 --> 00:03:33,960 Speaker 1: looking at the data. The toutstanding have is that a 60 00:03:34,120 --> 00:03:36,600 Speaker 1: huge amount of those votes are from Philadelphia and the 61 00:03:36,600 --> 00:03:40,720 Speaker 1: surrounding suburbs, which are you know, Joe Biden's core territory. 62 00:03:41,200 --> 00:03:44,040 Speaker 1: There's enough of those votes outstanding that if he performs 63 00:03:44,520 --> 00:03:46,320 Speaker 1: kind of at the same pace that he did with 64 00:03:46,360 --> 00:03:48,720 Speaker 1: the with the votes that were outstanding of Michigan and 65 00:03:49,080 --> 00:03:53,320 Speaker 1: Wisconsin and Minnesota, which already have been called blue, that 66 00:03:53,400 --> 00:03:56,480 Speaker 1: he'll be able to flip Pennsylvan into his column, which 67 00:03:56,560 --> 00:04:01,280 Speaker 1: essentially well cement it. But but the you know, Trump 68 00:04:01,320 --> 00:04:04,680 Speaker 1: campaign has sort of telegraph that they're going to try 69 00:04:04,720 --> 00:04:08,040 Speaker 1: to you know, challenge this legally as as many ways 70 00:04:08,080 --> 00:04:10,600 Speaker 1: as they can, and so we're going to see how 71 00:04:10,600 --> 00:04:12,880 Speaker 1: that plays alcohol Okay, and we're still waiting for results 72 00:04:12,880 --> 00:04:16,479 Speaker 1: in Georgia and North Carolina. This would assume that the 73 00:04:16,520 --> 00:04:19,719 Speaker 1: Trump is able to win both North Carolina and Georgia, 74 00:04:19,760 --> 00:04:23,240 Speaker 1: which would appear to be trending Republican. Correct, Well, I 75 00:04:23,640 --> 00:04:26,480 Speaker 1: will raise a flag on Georgia, which right, So would 76 00:04:26,480 --> 00:04:29,160 Speaker 1: I raise the flag flag on the play justin Sint 77 00:04:29,240 --> 00:04:32,239 Speaker 1: Go ahead? Yeah, it's you know, the presidents of leading 78 00:04:32,360 --> 00:04:36,039 Speaker 1: and it's obviously a traditional Republican stronghold. But that is 79 00:04:36,080 --> 00:04:38,559 Speaker 1: a state where a big chunk of the outstanding vote 80 00:04:38,680 --> 00:04:42,679 Speaker 1: is from Fulton County, which is where Atlanta is heavily 81 00:04:42,720 --> 00:04:45,520 Speaker 1: democratic again, and there are the votes out there where 82 00:04:45,560 --> 00:04:48,400 Speaker 1: you can sort of paint a scenario in which Joe 83 00:04:48,400 --> 00:04:51,920 Speaker 1: Biden comes back and wins Georgia, and so nobody is 84 00:04:51,960 --> 00:04:54,480 Speaker 1: really talking about it. Everybody has kind of assumed that 85 00:04:54,480 --> 00:04:56,919 Speaker 1: that Joe Budden or that Donald Trump will win Georgia. 86 00:04:57,240 --> 00:05:00,359 Speaker 1: He's better presented in North Carolina, for sure, but that 87 00:05:00,440 --> 00:05:05,440 Speaker 1: could really devastate the Trump campaign's case. If Georgia, which 88 00:05:05,440 --> 00:05:09,320 Speaker 1: we might hear more from later tonight, Philips Blue, it 89 00:05:09,480 --> 00:05:12,159 Speaker 1: becomes basically impossible for Donald Trump to one. All right, 90 00:05:12,200 --> 00:05:14,279 Speaker 1: let's check in with both of the campaigns. Justin sinks 91 00:05:14,320 --> 00:05:16,839 Speaker 1: with me. He's were excuse me, he is a Bloomberg 92 00:05:16,839 --> 00:05:20,200 Speaker 1: White House reporter. Earlier today, Bill Stepien, who of course 93 00:05:20,320 --> 00:05:24,160 Speaker 1: is the president's re election campaign manager, he said that 94 00:05:24,279 --> 00:05:26,200 Speaker 1: they believe that they are still going to win this thing, 95 00:05:26,279 --> 00:05:29,960 Speaker 1: and it really is dependent upon wins in Pennsylvania, Georgia, 96 00:05:30,320 --> 00:05:34,560 Speaker 1: and flipping Arizona. As Justin just outlined, here's Bill, when 97 00:05:34,560 --> 00:05:38,479 Speaker 1: we count the remaining ballots in a legal fashion, applied 98 00:05:38,560 --> 00:05:42,400 Speaker 1: realistic and conservative estimates. Two of those remaining boots to 99 00:05:42,400 --> 00:05:48,520 Speaker 1: be counted, the president can win. Meanwhile, Jen O'Malley Dillon, 100 00:05:48,600 --> 00:05:51,760 Speaker 1: who of course his campaign manager for Biden's campaign, UH, 101 00:05:51,800 --> 00:05:54,840 Speaker 1: slams President Trump and and and saying that he made 102 00:05:54,839 --> 00:05:57,560 Speaker 1: a false claim that he had won the race. And technically, 103 00:05:57,640 --> 00:05:59,400 Speaker 1: I mean he has not won the race. He has nowhere, 104 00:05:59,480 --> 00:06:02,480 Speaker 1: he has not reach two hundred and seventy threshold. UH. 105 00:06:02,480 --> 00:06:05,520 Speaker 1: And results in battleground states like Pennsylvania and North Carolina 106 00:06:06,080 --> 00:06:09,240 Speaker 1: and Georgia have not yet penned declared. But here's Jen 107 00:06:09,360 --> 00:06:12,960 Speaker 1: earlier today, when all of the votes are tallied, as 108 00:06:12,960 --> 00:06:15,960 Speaker 1: they have been in every election since our country has 109 00:06:16,000 --> 00:06:19,560 Speaker 1: been founded, we are confident that Vice President Joe Biden 110 00:06:19,600 --> 00:06:21,839 Speaker 1: will be the next president of the United States. All Right, 111 00:06:21,880 --> 00:06:24,800 Speaker 1: I want to come back to something incredibly important justin 112 00:06:24,880 --> 00:06:27,799 Speaker 1: that you just mentioned, and that's the battleground state of Arizona. 113 00:06:27,839 --> 00:06:29,919 Speaker 1: I just pulled it up in my Bloomberg terminal. UH, 114 00:06:30,000 --> 00:06:34,480 Speaker 1: the map of Arizona, Maricopa County, a crucial crucial county, 115 00:06:35,000 --> 00:06:40,440 Speaker 1: UH for the battleground county where Phoenix is located, for example. UM. 116 00:06:40,520 --> 00:06:44,159 Speaker 1: And it's so incredibly important for the win. Biden is 117 00:06:44,600 --> 00:06:49,960 Speaker 1: uh performing well there? Where do an where do they think? 118 00:06:50,000 --> 00:06:53,320 Speaker 1: Where does the Trump campaign think that they're going to 119 00:06:53,360 --> 00:06:56,040 Speaker 1: be able to flip this? What's there? Take us inside 120 00:06:56,040 --> 00:06:59,919 Speaker 1: because I don't understand. Yeah, go ahead, I don't know 121 00:07:00,040 --> 00:07:02,640 Speaker 1: by totally understand it either. But the argument that they're 122 00:07:02,680 --> 00:07:07,040 Speaker 1: making is that there's something like four thousand votes left 123 00:07:07,080 --> 00:07:11,000 Speaker 1: in Merricopa County itself, six hundred thousand sort of across 124 00:07:11,080 --> 00:07:15,640 Speaker 1: the state, and they think that unlike you know, Pennsylvania, 125 00:07:15,680 --> 00:07:18,080 Speaker 1: where that Philadelphia vote is just going to be huge 126 00:07:18,160 --> 00:07:21,640 Speaker 1: for Biden, or uh, you know Milwaukee that came in 127 00:07:21,760 --> 00:07:28,040 Speaker 1: huge for Biden, that Americopa County, they think they're outperforming Biden, 128 00:07:28,320 --> 00:07:32,200 Speaker 1: especially among those voters who voted late, so who turned 129 00:07:32,200 --> 00:07:36,040 Speaker 1: in their absentee ballots towards the end right before election day, 130 00:07:36,120 --> 00:07:39,560 Speaker 1: who may have voted early in the weekend before election day, 131 00:07:39,560 --> 00:07:42,200 Speaker 1: and the way a Mericopa County counts their ballots as 132 00:07:42,240 --> 00:07:44,680 Speaker 1: they go from the ones that were accepted first to 133 00:07:44,760 --> 00:07:48,200 Speaker 1: the ones that were except as last. And so, you know, 134 00:07:48,280 --> 00:07:51,040 Speaker 1: while the Trump campaign has already kind of banked in 135 00:07:51,120 --> 00:07:54,280 Speaker 1: advantage because the in person election day votes have been counted. 136 00:07:54,880 --> 00:07:59,880 Speaker 1: They think that that, unlike other states, those those votes 137 00:08:00,000 --> 00:08:05,000 Speaker 1: that are coming in late represent likely Trump voters. I'm 138 00:08:05,040 --> 00:08:06,720 Speaker 1: not sure you can buy that. I mean, I think 139 00:08:07,360 --> 00:08:12,160 Speaker 1: President Trump's voters clearly kind of preferred and turned out 140 00:08:12,280 --> 00:08:15,960 Speaker 1: at the polls on election day, and that we've seen 141 00:08:16,040 --> 00:08:21,240 Speaker 1: time and again the uh those at ballots favorite Democrats. 142 00:08:21,240 --> 00:08:24,520 Speaker 1: And I think that's why they let me jump in 143 00:08:24,600 --> 00:08:26,280 Speaker 1: here because we got some breaking news. And I just 144 00:08:26,480 --> 00:08:27,640 Speaker 1: not to interrupt you, but I want to get to 145 00:08:27,640 --> 00:08:31,520 Speaker 1: the breaking news. Eric Trump speaking in Philadelphia, Pennsylvania with 146 00:08:31,600 --> 00:08:34,520 Speaker 1: Rudy Giuliani. And again they are going to be filing 147 00:08:34,600 --> 00:08:38,960 Speaker 1: some type of lawsuit in Pennsylvania with regards to ballots 148 00:08:38,960 --> 00:08:42,560 Speaker 1: that were counted. Um. Now, they had previously tried to 149 00:08:42,600 --> 00:08:44,840 Speaker 1: go to the Supreme Court. The Supreme Court did not 150 00:08:45,040 --> 00:08:50,560 Speaker 1: take up this case. Remember in October October um they 151 00:08:50,720 --> 00:08:52,800 Speaker 1: the Supreme Court ruled that they would have the right 152 00:08:53,200 --> 00:08:55,960 Speaker 1: to take up the case again should they need to. 153 00:08:56,920 --> 00:09:00,200 Speaker 1: But they did it at the time justin explain to 154 00:09:00,320 --> 00:09:02,000 Speaker 1: us in the minute that we have left. Sorry to 155 00:09:02,040 --> 00:09:03,520 Speaker 1: do that to you in the minute that we have 156 00:09:03,640 --> 00:09:06,240 Speaker 1: left about this lawsuit potential in or now that they're 157 00:09:06,240 --> 00:09:09,600 Speaker 1: going to do it in Pennsylvania. Yeah, so what what 158 00:09:09,679 --> 00:09:12,400 Speaker 1: Republicans are saying is that they don't think it's fair 159 00:09:12,520 --> 00:09:15,560 Speaker 1: for ballots to show up after election day to be counted. 160 00:09:15,960 --> 00:09:18,920 Speaker 1: They think that it's possible, you know, Democrats will some 161 00:09:19,000 --> 00:09:21,400 Speaker 1: now game the system, see that the election was tight 162 00:09:22,000 --> 00:09:25,680 Speaker 1: and uh, you know, return their ballot today without a 163 00:09:25,720 --> 00:09:30,160 Speaker 1: postmark and that it would get counted. Uh, it's possible 164 00:09:30,160 --> 00:09:35,440 Speaker 1: that they could sequester away enough votes between that and um, 165 00:09:35,679 --> 00:09:38,720 Speaker 1: sort of the challenges that will make over signatures or 166 00:09:38,800 --> 00:09:42,040 Speaker 1: over addresses that don't match up, those kind of traditional 167 00:09:42,120 --> 00:09:45,800 Speaker 1: challenges that you see to chip away what we're expecting 168 00:09:45,840 --> 00:09:48,240 Speaker 1: to be a huge sort of jump for Joe Biden 169 00:09:48,240 --> 00:09:52,400 Speaker 1: once Philadelphia and the suburbs start reporting in. But uh, 170 00:09:53,440 --> 00:09:55,600 Speaker 1: that's going to require you know, a court to buy 171 00:09:55,720 --> 00:09:58,920 Speaker 1: what buy what they're selling and that there there's enough 172 00:09:58,920 --> 00:10:01,240 Speaker 1: ballots to make it difference there. It's going to be 173 00:10:02,480 --> 00:10:06,120 Speaker 1: it's gonna be absolutely remarkable. We're in overtime, folks, that's 174 00:10:06,120 --> 00:10:09,440 Speaker 1: how we call it, or an overtime justin sink. Great work, 175 00:10:09,440 --> 00:10:11,959 Speaker 1: great work, and thank you so much for for stopping 176 00:10:11,960 --> 00:10:13,880 Speaker 1: by with me to break down all of this. Coming 177 00:10:13,920 --> 00:10:15,680 Speaker 1: up next, we check in on the markets. Ben Amon's 178 00:10:15,760 --> 00:10:17,839 Speaker 1: joins me, what's going on in the markets? How are 179 00:10:17,880 --> 00:10:21,600 Speaker 1: they how are they interpreting all of this? My name 180 00:10:21,679 --> 00:10:24,280 Speaker 1: is Kevin Cereally. I'm a chief Washington correspondent for Bloomberg 181 00:10:24,280 --> 00:10:39,360 Speaker 1: TV and Radio. And you're listening to Bloomberg. This is 182 00:10:39,400 --> 00:10:45,440 Speaker 1: Bloomberg Sound on Election with Kevin Surreally on Bloomberg Radio. 183 00:10:46,000 --> 00:10:49,880 Speaker 1: I'm Kevin Curreli, chief Washington correspondent for Bloomberg Television and 184 00:10:49,960 --> 00:10:54,240 Speaker 1: for Bloomberg Radio. Breaking news headline crossing the Bloomberg terminal. 185 00:10:54,520 --> 00:10:59,320 Speaker 1: President Trump's lawyer Rudy Giuliani says a national lawsuit over 186 00:10:59,480 --> 00:11:03,120 Speaker 1: votes is possible. This according to Rudy Giuliani, he was 187 00:11:03,160 --> 00:11:07,600 Speaker 1: speaking just moments ago in the city of Philadelphia where 188 00:11:07,600 --> 00:11:10,600 Speaker 1: he appeared with Eric Trump, member of the first family. 189 00:11:10,920 --> 00:11:14,640 Speaker 1: Where they are uh in the battleground state of Pennsylvania, 190 00:11:14,760 --> 00:11:18,880 Speaker 1: the all important battleground state of Pennsylvania that has yet 191 00:11:18,920 --> 00:11:24,640 Speaker 1: to be declared as they continue to count those votes. 192 00:11:24,679 --> 00:11:29,360 Speaker 1: We will bring those developments as they happen. We should 193 00:11:29,400 --> 00:11:32,240 Speaker 1: also note that within the last half hour, television networks 194 00:11:32,280 --> 00:11:37,200 Speaker 1: have called the battleground state of Michigan uh and it's 195 00:11:37,240 --> 00:11:42,920 Speaker 1: sixteen electoral votes for Joe Biden. Earlier today, Wisconsin was 196 00:11:42,960 --> 00:11:47,800 Speaker 1: called for Joe Biden with their ten electoral votes, so 197 00:11:47,880 --> 00:11:50,960 Speaker 1: that brings Joe Biden with the state of Michigan UH 198 00:11:50,960 --> 00:11:55,439 Speaker 1: to his total at two hundred and sixty four electoral 199 00:11:55,520 --> 00:11:59,679 Speaker 1: votes to President Trump's two hundred and fourteen two seventy 200 00:11:59,840 --> 00:12:02,520 Speaker 1: the magic number, which means that Joe Biden is now 201 00:12:03,280 --> 00:12:06,840 Speaker 1: just six votes shy of that magic two hundred and 202 00:12:07,000 --> 00:12:11,600 Speaker 1: seventy UH threshold. Another headline crossing the Bloomberg terminal within 203 00:12:11,640 --> 00:12:15,240 Speaker 1: the last couple of seconds. UH. Juliani says that President 204 00:12:15,320 --> 00:12:19,440 Speaker 1: Trump's team will file a second lawsuit against the battleground 205 00:12:19,440 --> 00:12:22,760 Speaker 1: state of Pennsylvania. So the headlines are flying fast. UH, 206 00:12:23,120 --> 00:12:26,320 Speaker 1: don't worry. We're going to cover everything. I do want 207 00:12:26,320 --> 00:12:30,719 Speaker 1: to check on the economic impact of of what's been 208 00:12:30,720 --> 00:12:34,120 Speaker 1: going on, because the markets have had a reaction to 209 00:12:34,360 --> 00:12:36,920 Speaker 1: all of this, and I think it's really important to 210 00:12:37,080 --> 00:12:41,959 Speaker 1: urge or to caution patients over the next forty eight 211 00:12:42,040 --> 00:12:45,240 Speaker 1: hours because we will ultimately get a result. But there 212 00:12:45,280 --> 00:12:48,320 Speaker 1: has been, without question, a whip saw of movement of 213 00:12:48,400 --> 00:12:52,640 Speaker 1: dizzying headlines um and investors frantically bit up stocks Wednesday 214 00:12:52,720 --> 00:12:55,559 Speaker 1: sending major averages to the biggest rallies in five months 215 00:12:55,920 --> 00:12:59,439 Speaker 1: as they grew more confident that the tightly contested outcome 216 00:13:00,080 --> 00:13:03,520 Speaker 1: in sure key elements of the bullmarket remain intact for 217 00:13:03,600 --> 00:13:07,280 Speaker 1: years to come. A narrow victory by either Democratic challenger 218 00:13:07,400 --> 00:13:11,839 Speaker 1: Joe Biden or President Donald Trump coupled with a split legislator, 219 00:13:12,000 --> 00:13:14,680 Speaker 1: and that's the part I think we've gotta underline, highlight, 220 00:13:14,720 --> 00:13:17,559 Speaker 1: tweet out if you're into that. But that will make 221 00:13:17,600 --> 00:13:23,480 Speaker 1: it unlikely this split legislator that Trump's corporate tax cuts 222 00:13:23,520 --> 00:13:27,360 Speaker 1: are rolled back, as Biden has pledged to do. And 223 00:13:27,400 --> 00:13:30,440 Speaker 1: the failure by the Democrats to clearly sweep, the failure 224 00:13:30,440 --> 00:13:34,800 Speaker 1: by Nancy Pelosi and the Democrats to clearly sweep Congress 225 00:13:34,920 --> 00:13:38,720 Speaker 1: and the White House does pair back bets that traders 226 00:13:38,760 --> 00:13:42,360 Speaker 1: had made on a massive fiscal stimulus package, though some 227 00:13:42,480 --> 00:13:47,160 Speaker 1: aid remains likely this year. My colleagues across platform, on 228 00:13:47,160 --> 00:13:51,280 Speaker 1: Bloomberg Television and on Bloomberg Radio, UH spoke with UH 229 00:13:51,760 --> 00:13:56,520 Speaker 1: the influencers on the markets. Rob I'm sorry, Ralph Schlastein, 230 00:13:56,600 --> 00:13:59,840 Speaker 1: ever Core co CEO, Lisa Shallatt, Morgan Stanley well Deman, 231 00:14:00,000 --> 00:14:03,080 Speaker 1: saman ce I O Libby Cantrill, PIMCO Head of US 232 00:14:03,160 --> 00:14:08,199 Speaker 1: Public Policy, Peter Sissinschi, Alpha Omega Advisers founder and CEO. 233 00:14:08,280 --> 00:14:10,679 Speaker 1: I mean, they were weighing in all day about what 234 00:14:10,760 --> 00:14:13,599 Speaker 1: was happening on the geo political eco front. Take a 235 00:14:13,640 --> 00:14:16,360 Speaker 1: listen to what they had to say. I think what's 236 00:14:16,400 --> 00:14:21,120 Speaker 1: happening today in the markets is a h endorsement of 237 00:14:21,440 --> 00:14:24,680 Speaker 1: divided government. As much as there's a motion around the 238 00:14:24,760 --> 00:14:27,520 Speaker 1: leadership in the White House. UH, that actually may not 239 00:14:27,600 --> 00:14:30,920 Speaker 1: be what's driving the bus in the V shaped recovery 240 00:14:31,160 --> 00:14:34,520 Speaker 1: is intact, you've got a fed that, regardless of who wins, 241 00:14:34,600 --> 00:14:37,280 Speaker 1: is going to continue to have their foot on the 242 00:14:37,280 --> 00:14:39,800 Speaker 1: gas peddle. There are things for the market to both 243 00:14:39,920 --> 00:14:42,760 Speaker 1: cheer UH and to fear. I think the contention in 244 00:14:42,760 --> 00:14:46,360 Speaker 1: Washington is going to lead to small, slower stimulus no 245 00:14:46,400 --> 00:14:52,160 Speaker 1: matter frankly what party wins the presidential election. That was 246 00:14:52,480 --> 00:14:56,200 Speaker 1: my colleague speaking cross platform earlier today. Now let's welcome 247 00:14:56,240 --> 00:14:58,560 Speaker 1: someone who I am thrilled to bring back into the conversation, 248 00:14:59,120 --> 00:15:02,200 Speaker 1: Ben Emmons, who it's just been all over this just 249 00:15:02,320 --> 00:15:08,920 Speaker 1: doing incredibly important important work on the eco front for US. 250 00:15:09,360 --> 00:15:13,200 Speaker 1: And then UH Managing director of Global Macro strategy at 251 00:15:13,240 --> 00:15:17,720 Speaker 1: Medley Global Advisors. Ben. From a geopolitical standpoint, I would 252 00:15:17,800 --> 00:15:21,480 Speaker 1: argue that the Senate map right now is so incredibly important, 253 00:15:21,480 --> 00:15:24,160 Speaker 1: and Mitch McConnell, the Senate majority leader, had a really 254 00:15:24,200 --> 00:15:28,040 Speaker 1: good night last night. Jody Yards one, Susan Collins one. Uh, 255 00:15:28,520 --> 00:15:32,200 Speaker 1: you look at Mitch McConnell one, um, and they might 256 00:15:32,200 --> 00:15:37,200 Speaker 1: be able to narrowly hold on to a Senate majority. Yeah, 257 00:15:37,280 --> 00:15:40,240 Speaker 1: they they do, Kevin, and thanks again for having this back, 258 00:15:40,520 --> 00:15:43,680 Speaker 1: of course, yes, and that's of course, but that was 259 00:15:43,760 --> 00:15:45,840 Speaker 1: I think really what the drive of the price section 260 00:15:45,880 --> 00:15:49,400 Speaker 1: over night was because when you just analize quick back 261 00:15:49,480 --> 00:15:53,040 Speaker 1: of when you saw the developments in in Miami Dade 262 00:15:53,040 --> 00:15:56,360 Speaker 1: County coming through, it was really did to Mitch McConnell. 263 00:15:56,480 --> 00:15:59,720 Speaker 1: Race was very quickly after that the next headline. I 264 00:15:59,760 --> 00:16:02,040 Speaker 1: think that's what started the thinking in the market, like 265 00:16:02,600 --> 00:16:05,200 Speaker 1: this idea of the blue sweep, so to speak, that 266 00:16:05,320 --> 00:16:08,520 Speaker 1: the Democrats would take the majority of the Senate, what's 267 00:16:08,520 --> 00:16:12,480 Speaker 1: not likely to happen, and therefore the big movement in 268 00:16:12,600 --> 00:16:17,120 Speaker 1: treasury yields for example, is really reflective of that. Yet 269 00:16:17,320 --> 00:16:19,280 Speaker 1: if you look at the rally in the markets today, 270 00:16:19,360 --> 00:16:21,040 Speaker 1: they also speaks to a lot of other teams that 271 00:16:21,080 --> 00:16:25,080 Speaker 1: are just simply going right through this brief concertainty about 272 00:16:25,080 --> 00:16:28,040 Speaker 1: the election outcome. It's going to go right through that, right. 273 00:16:28,080 --> 00:16:31,960 Speaker 1: The vaccine story is really important, and the vaccine companies 274 00:16:32,040 --> 00:16:35,000 Speaker 1: he big rise in the stock values again today because 275 00:16:35,000 --> 00:16:38,320 Speaker 1: there's more news out on that. There's also I think 276 00:16:38,600 --> 00:16:41,600 Speaker 1: optimism in the economy. The i M data was stronger. 277 00:16:41,800 --> 00:16:44,600 Speaker 1: You know, you see home builders out performing today again. 278 00:16:45,160 --> 00:16:47,920 Speaker 1: So it's not all about just the you know, sort 279 00:16:47,920 --> 00:16:49,880 Speaker 1: of taking the blue waves out and then all this 280 00:16:50,120 --> 00:16:54,760 Speaker 1: sort of volatility. There's actual stories in the economy happening 281 00:16:55,400 --> 00:16:58,560 Speaker 1: that are going to continue to drive the market. So 282 00:16:59,000 --> 00:17:01,920 Speaker 1: I think, as you say, the the the the election 283 00:17:01,960 --> 00:17:04,760 Speaker 1: will be determined and what will be number of days 284 00:17:04,840 --> 00:17:07,280 Speaker 1: or by next week, it's we're going to know our 285 00:17:07,320 --> 00:17:10,720 Speaker 1: future leader pretty soon. It was the Senate that ultimately 286 00:17:10,920 --> 00:17:14,080 Speaker 1: drove to the real price section. Okay, we won't have 287 00:17:14,240 --> 00:17:16,920 Speaker 1: a blue sweep, but there's still very much scope for 288 00:17:17,160 --> 00:17:20,800 Speaker 1: negotiation for future stimulus, and I think that too places 289 00:17:20,800 --> 00:17:23,640 Speaker 1: in the market's mind. I spoke to a prominent Republican 290 00:17:23,680 --> 00:17:28,320 Speaker 1: strategist earlier today who said to me uh that they 291 00:17:28,400 --> 00:17:33,440 Speaker 1: felt the President Trump's President Trump might not win a 292 00:17:33,560 --> 00:17:38,199 Speaker 1: re election, but that the dynamic and the Senate proved 293 00:17:38,240 --> 00:17:41,960 Speaker 1: a path forward for the Republican Party. And really it 294 00:17:42,440 --> 00:17:45,159 Speaker 1: helds a mirror up to the Democratic Party that they 295 00:17:45,160 --> 00:17:49,439 Speaker 1: were unable to capitalize on what the strategist said was 296 00:17:49,480 --> 00:17:54,920 Speaker 1: a perceived week presidential incumbent. And so now the House, 297 00:17:55,320 --> 00:17:57,680 Speaker 1: which were actually Republicans, picked up a couple of seats 298 00:17:57,720 --> 00:18:00,160 Speaker 1: in the House. It's going to be fascinating to watch 299 00:18:00,880 --> 00:18:03,800 Speaker 1: two if you believe, folks that there's gonna be massive 300 00:18:03,920 --> 00:18:06,800 Speaker 1: fiscal stimulus on the way, regardless of the price tag 301 00:18:06,840 --> 00:18:10,439 Speaker 1: of it. You could make an argument that similarly to 302 00:18:10,560 --> 00:18:13,840 Speaker 1: two thousand and eight, after that fiscal stimulus which gave 303 00:18:13,880 --> 00:18:17,320 Speaker 1: birth to the deficit hawks and the Tea Party movement 304 00:18:17,320 --> 00:18:19,320 Speaker 1: on birth to them, but the Tea Party movement which 305 00:18:19,400 --> 00:18:22,159 Speaker 1: capitalized on the deficit hawks. But that could be the 306 00:18:22,200 --> 00:18:26,280 Speaker 1: contours of of what colors to Ben. Let me ask 307 00:18:26,280 --> 00:18:27,879 Speaker 1: you just one more question before I have to let 308 00:18:27,880 --> 00:18:30,920 Speaker 1: you go. Unfortunately, because we've got a jam packed show today. 309 00:18:31,560 --> 00:18:35,320 Speaker 1: Geo Politically, I mean, Biden now has to govern if 310 00:18:35,320 --> 00:18:38,040 Speaker 1: he wins as a centrist with a divided government. That's 311 00:18:38,080 --> 00:18:40,480 Speaker 1: the biggest check on his presidency for all the questions 312 00:18:40,520 --> 00:18:42,560 Speaker 1: about who was going to have his ear. Look at 313 00:18:42,600 --> 00:18:45,800 Speaker 1: the Senate, indeed, look at the Senate, and I think 314 00:18:45,840 --> 00:18:48,840 Speaker 1: you make your point there. You know. Back to the markets, 315 00:18:49,000 --> 00:18:51,600 Speaker 1: what was the out big driver last night? It was 316 00:18:51,680 --> 00:18:54,200 Speaker 1: to volatility in the currency market, particuling in the Chinese 317 00:18:54,200 --> 00:18:57,280 Speaker 1: You win, right, and that is moderate is really a 318 00:18:57,400 --> 00:19:00,080 Speaker 1: lab as the results are started to come into the A. 319 00:19:00,960 --> 00:19:03,879 Speaker 1: I do think that the currency market, too, is is 320 00:19:04,000 --> 00:19:07,880 Speaker 1: maybe saying here that these geo political tensions that we've 321 00:19:07,960 --> 00:19:11,320 Speaker 1: had under the Trump administration in evil play are very 322 00:19:11,359 --> 00:19:15,639 Speaker 1: different with this most centrist approach, that buying is likely 323 00:19:15,880 --> 00:19:18,640 Speaker 1: to to follow. And I think this is another important 324 00:19:18,640 --> 00:19:23,200 Speaker 1: development because that's currency volatility that can be the also 325 00:19:23,240 --> 00:19:26,400 Speaker 1: effect markets very dramatically as we've seen it before. So 326 00:19:27,080 --> 00:19:30,000 Speaker 1: I think it was a positive development today. Market. All right, 327 00:19:30,080 --> 00:19:32,760 Speaker 1: thank you so much, Ben, I really appreciate it for 328 00:19:32,880 --> 00:19:35,159 Speaker 1: breaking all that down. And he and I were talking 329 00:19:35,400 --> 00:19:38,600 Speaker 1: offline on IB on the Bloomberg terminal as well. I mean, 330 00:19:39,040 --> 00:19:42,320 Speaker 1: just really doing incredibly important context on trying to make 331 00:19:42,400 --> 00:19:45,240 Speaker 1: sense of all of the quick moving headlines. Marks much 332 00:19:45,240 --> 00:19:47,800 Speaker 1: more coming up next. Rick Davis joins me. I'm Kevin Surreally, 333 00:19:48,080 --> 00:19:51,280 Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 334 00:19:51,280 --> 00:19:54,520 Speaker 1: New York Times headline, Biden wins Michigan fueled by high 335 00:19:54,520 --> 00:20:09,520 Speaker 1: turnout in Detroit. You're listening to Bloomberg live from our 336 00:20:09,600 --> 00:20:13,480 Speaker 1: nation's camera. Should state election laws have been changed as 337 00:20:13,520 --> 00:20:16,600 Speaker 1: a result of the coronavirus? Historically speaking, the markets that 338 00:20:16,680 --> 00:20:19,600 Speaker 1: perform better when there is divided government. What pressure does 339 00:20:19,640 --> 00:20:23,119 Speaker 1: the volatility on the election mean for fiscal stimulus? Bloomberg 340 00:20:23,320 --> 00:20:27,400 Speaker 1: Sound on, the insiders, the influencers, the insights. We will 341 00:20:27,400 --> 00:20:29,040 Speaker 1: not have a blue waves, we will not have a 342 00:20:29,119 --> 00:20:32,479 Speaker 1: red mirage, we will not have any rose slogans. Government 343 00:20:32,640 --> 00:20:35,320 Speaker 1: control elections US in the constitutions, which is pretty much 344 00:20:35,320 --> 00:20:38,120 Speaker 1: going to go down to the wire. This is Bloomberg 345 00:20:38,320 --> 00:20:44,480 Speaker 1: Sound On with Kevin Shirling, Election on Bloomberg Radio. Breaking news. 346 00:20:44,640 --> 00:20:47,719 Speaker 1: Just within the last hour, Joe Biden has won the 347 00:20:47,800 --> 00:20:53,000 Speaker 1: state of Michigan. According to Television Networks, sixteen electoral votes 348 00:20:53,040 --> 00:20:55,840 Speaker 1: added to his tally, putting him at two hundred and 349 00:20:55,960 --> 00:21:00,720 Speaker 1: sixty four electoral votes, just six electoral votes shy of 350 00:21:00,760 --> 00:21:04,720 Speaker 1: the magic two hundred and seventy number. Meanwhile, President Trump 351 00:21:05,000 --> 00:21:09,160 Speaker 1: has two hundred and fourteen electoral votes. Still no results 352 00:21:09,160 --> 00:21:14,160 Speaker 1: from Pennsylvania, North Carolina, or Georgia as we await those results, 353 00:21:14,160 --> 00:21:17,440 Speaker 1: and the Trump campaign, led by the president's personal attorney 354 00:21:17,480 --> 00:21:20,680 Speaker 1: Rudy Giuliani, holding a press conference in this past half 355 00:21:20,720 --> 00:21:24,040 Speaker 1: hour in Philadelphia where they say they will file a 356 00:21:24,119 --> 00:21:27,879 Speaker 1: lawsuit to contest how the votes have been counted and 357 00:21:27,960 --> 00:21:31,199 Speaker 1: are being counted in the key Stone State. We have 358 00:21:31,320 --> 00:21:35,639 Speaker 1: every angle covered, uh tonight. My name is Kevin Cerilli. 359 00:21:35,680 --> 00:21:38,440 Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for 360 00:21:38,520 --> 00:21:42,879 Speaker 1: Bloomberg Radio. Are political panel ways in Bloomberg contributor Rick Davis, 361 00:21:42,920 --> 00:21:46,200 Speaker 1: partner at Stone Court Capital and former campaign manager for 362 00:21:46,320 --> 00:21:50,200 Speaker 1: John McCain's two thousand and eight presidential campaign, and Joe Crawley, 363 00:21:50,480 --> 00:21:53,800 Speaker 1: former New York congressman and Democratic Caucus chair. He'll help 364 00:21:53,800 --> 00:21:56,440 Speaker 1: break down what's been happening in the Senate and the House. 365 00:21:56,720 --> 00:21:59,800 Speaker 1: Will also check in with Pennsylvania Congressman Dwight Evans, who 366 00:22:00,000 --> 00:22:04,200 Speaker 1: represents Philadelphia. Headlines crossing the Bloomberg terminal all throughout the 367 00:22:04,280 --> 00:22:07,919 Speaker 1: last hour as President Trump sues in battleground states of 368 00:22:07,920 --> 00:22:13,040 Speaker 1: Pennsylvania and Michigan and is asking for a recount in Wisconsin. 369 00:22:13,480 --> 00:22:16,760 Speaker 1: Uh this as Joe Biden is now just six electoral 370 00:22:16,840 --> 00:22:20,040 Speaker 1: votes shy of the magic two hundred and seventy number 371 00:22:20,600 --> 00:22:25,320 Speaker 1: to get to the presidency. Joe Biden speaking from Wilmington, Delaware, 372 00:22:25,480 --> 00:22:28,160 Speaker 1: just within the last hour. Here's what he had to say. 373 00:22:28,200 --> 00:22:31,120 Speaker 1: Every vote must be counted. No one's going to take 374 00:22:31,119 --> 00:22:35,879 Speaker 1: our democracy away from us, not now, not ever. Meanwhile, 375 00:22:36,080 --> 00:22:39,920 Speaker 1: on the Trump campaign side, Rudy Giuliani speaking in Philadelphia 376 00:22:40,000 --> 00:22:42,880 Speaker 1: this last hour and saying that they are fully prepared 377 00:22:42,920 --> 00:22:45,440 Speaker 1: to take this all the way to the Supreme Court 378 00:22:45,760 --> 00:22:49,800 Speaker 1: if need be. Bill Stepian addressed supporters that's the president's 379 00:22:49,960 --> 00:22:54,240 Speaker 1: campaign manager, earlier today and said that they believe President 380 00:22:54,280 --> 00:22:56,520 Speaker 1: Trump still does have a path to the White House, 381 00:22:56,720 --> 00:23:00,640 Speaker 1: but it will involve wins in battleground states of Pennsylvania, Georgia, 382 00:23:00,720 --> 00:23:04,440 Speaker 1: and Arizona. Here's Bill. When we count the remaining balance 383 00:23:04,760 --> 00:23:09,520 Speaker 1: in a legal fashion, applied realistic and conservative estimates, two 384 00:23:09,600 --> 00:23:12,880 Speaker 1: of those remaining baloss to be counted, the president can win. 385 00:23:13,560 --> 00:23:16,959 Speaker 1: President I want to welcome back to the program Rick 386 00:23:17,040 --> 00:23:20,399 Speaker 1: Davis and Joe Crowley. Rick, I mean your thoughts in 387 00:23:20,520 --> 00:23:22,960 Speaker 1: terms of the path for the White House UH to 388 00:23:23,080 --> 00:23:27,920 Speaker 1: President Trump. Is it getting narrower, Well, it's it's virtually 389 00:23:27,920 --> 00:23:31,639 Speaker 1: impossible at this point with the declarations in the last 390 00:23:32,000 --> 00:23:36,959 Speaker 1: hour or so of Michigan UH coming on board for 391 00:23:36,960 --> 00:23:40,120 Speaker 1: for Biden UH and and frankly, I mean, we can't 392 00:23:40,160 --> 00:23:43,600 Speaker 1: miss the fact that UH two outlets already A P 393 00:23:43,840 --> 00:23:47,800 Speaker 1: and Fox have both UH given Arizona to UH to 394 00:23:48,040 --> 00:23:51,879 Speaker 1: the Biden camp. If that winds up being confirmed H, 395 00:23:52,040 --> 00:23:55,119 Speaker 1: then UM, then you're really just six votes shy of 396 00:23:55,200 --> 00:23:59,040 Speaker 1: the electoral College UH for Joe Biden, and he gets 397 00:23:59,080 --> 00:24:03,480 Speaker 1: the choice of Nevada, Pennsylvania, Georgia, North Carolina UH to 398 00:24:03,600 --> 00:24:06,720 Speaker 1: satisfy that amount. So Trump would have to do a 399 00:24:06,760 --> 00:24:11,520 Speaker 1: clean sweep, including Arizona and UM. It's highly unlikely, since 400 00:24:11,520 --> 00:24:15,120 Speaker 1: he's behind in a couple of those states, three of them, 401 00:24:15,240 --> 00:24:17,960 Speaker 1: that that he could turn it around in enough time, 402 00:24:18,000 --> 00:24:22,840 Speaker 1: and the metropolitan areas that are trending towards the Democratic 403 00:24:22,880 --> 00:24:25,680 Speaker 1: Party or what's left to be counted in mass and 404 00:24:25,760 --> 00:24:29,080 Speaker 1: so it's more likely that these margins get worse for 405 00:24:29,119 --> 00:24:32,760 Speaker 1: the president, which is why he's asked to stop counting 406 00:24:32,840 --> 00:24:35,680 Speaker 1: votes along the way. But that's a whole another side 407 00:24:35,680 --> 00:24:38,399 Speaker 1: of the story. Okay, you know Arizona better than anyone, 408 00:24:38,760 --> 00:24:41,399 Speaker 1: just having worked with the late Senator John McCain. Just 409 00:24:41,480 --> 00:24:44,880 Speaker 1: take us inside of Arizona Americopa County where Joe Biden's 410 00:24:44,880 --> 00:24:49,119 Speaker 1: performing relatively well, and there's he's performing well Amercopa County, 411 00:24:49,160 --> 00:24:52,160 Speaker 1: but there's still six hundred thousand votes that are still 412 00:24:52,240 --> 00:24:56,040 Speaker 1: yet to be counted. I mean, is it how how 413 00:24:56,320 --> 00:24:59,720 Speaker 1: how unlikely is it from your manage point, uh, for 414 00:25:00,040 --> 00:25:04,440 Speaker 1: Arizona to go back from the blue count into the 415 00:25:04,480 --> 00:25:08,560 Speaker 1: red count and to pull a Florida circa two thousand. Yeah. 416 00:25:08,600 --> 00:25:11,399 Speaker 1: I think it's important to note Maricopa County is one 417 00:25:11,440 --> 00:25:13,359 Speaker 1: of the largest counties in the United States. It's been 418 00:25:13,400 --> 00:25:16,119 Speaker 1: a massive growth county top five for the last decade. 419 00:25:16,760 --> 00:25:19,639 Speaker 1: Uh and it's taken an influx of people from California, 420 00:25:19,680 --> 00:25:22,600 Speaker 1: from Taxa all over the country have come there for 421 00:25:22,720 --> 00:25:27,200 Speaker 1: jobs and uh in in in the outdoor sports. Maricopa 422 00:25:27,560 --> 00:25:33,120 Speaker 1: is a been a routinely Republican county. Republicans win statewide 423 00:25:33,160 --> 00:25:36,080 Speaker 1: consistently there because of big votes they get in the 424 00:25:36,119 --> 00:25:40,479 Speaker 1: suburbs of Phoenix, which is the bulk of Maricopa County, 425 00:25:40,560 --> 00:25:44,160 Speaker 1: and Maricopa County dwarfs the rest of the state when 426 00:25:44,160 --> 00:25:48,680 Speaker 1: it comes to votes contribute contributed to elections. Donald Trump 427 00:25:48,720 --> 00:25:51,240 Speaker 1: took an interesting approach to the state when he campaigned there, 428 00:25:51,240 --> 00:25:53,359 Speaker 1: and he's been there quite a bit lately, uh, And 429 00:25:53,440 --> 00:25:56,800 Speaker 1: he campaigned in the rural provinces, in the rural counties. 430 00:25:57,080 --> 00:26:00,280 Speaker 1: He did not do campaign events in Maricopa, and a 431 00:26:00,280 --> 00:26:03,680 Speaker 1: lot of Republicans were left scratching your head because, uh, Frankly, 432 00:26:03,720 --> 00:26:06,639 Speaker 1: when you add up all these rural Republican districts in 433 00:26:06,680 --> 00:26:09,240 Speaker 1: the south and in the north of Arizona, they they 434 00:26:09,920 --> 00:26:14,080 Speaker 1: do not match the vote quality and quantity of Maricopa County. 435 00:26:14,359 --> 00:26:19,600 Speaker 1: So Trump chose to ignore the largest vote cash in 436 00:26:19,920 --> 00:26:24,199 Speaker 1: Arizona for Republicans. Today, right now, with the vote in 437 00:26:25,040 --> 00:26:28,879 Speaker 1: I just checked, Joe Biden is leading Maricopa fifty two 438 00:26:28,960 --> 00:26:34,440 Speaker 1: to forty six approximately. If those margins hold up, Joe 439 00:26:34,440 --> 00:26:38,720 Speaker 1: Biden will just consistently increase his lead in Maricopa County 440 00:26:38,760 --> 00:26:41,240 Speaker 1: as they count the balance of the votes. And then 441 00:26:41,359 --> 00:26:47,080 Speaker 1: virtually of the votes outstanding are Maricopa County votes. So, UM, 442 00:26:47,280 --> 00:26:50,959 Speaker 1: whatever the whatever the decision was made by the Trump 443 00:26:51,040 --> 00:26:54,920 Speaker 1: campaign to avoid Maricopa. Um, I think they're paying a 444 00:26:55,000 --> 00:26:57,640 Speaker 1: price for that now they're paying the price of the presidency. 445 00:26:57,760 --> 00:27:00,000 Speaker 1: Joe Crowley. Uh, We're gonna talk much more about the 446 00:27:00,000 --> 00:27:02,080 Speaker 1: presidency coming up. But for all the questions about how 447 00:27:02,119 --> 00:27:06,000 Speaker 1: President Trump or Joe Biden will govern in the White House, 448 00:27:06,400 --> 00:27:10,040 Speaker 1: just look at the Senate uh and divided government. It's 449 00:27:10,080 --> 00:27:12,919 Speaker 1: looking like Republicans will hold the majority in the Senate, 450 00:27:13,119 --> 00:27:17,560 Speaker 1: which means likely uh that whomever wins the presidency, if 451 00:27:17,600 --> 00:27:20,000 Speaker 1: it's Joe Biden, for example, he's gonna have to govern 452 00:27:20,000 --> 00:27:23,600 Speaker 1: in a more centrist way. Joe. Well, let me first say, 453 00:27:24,240 --> 00:27:26,560 Speaker 1: Kevin's greatically on your show, and what a special leady 454 00:27:26,640 --> 00:27:28,840 Speaker 1: to be on with you, and I agree with I 455 00:27:28,880 --> 00:27:31,480 Speaker 1: agree with much of what I think. I agree with 456 00:27:31,520 --> 00:27:34,600 Speaker 1: everything where he said in terms of the narrowing of 457 00:27:34,600 --> 00:27:37,520 Speaker 1: of opportunities for the president to be reelected and the 458 00:27:37,600 --> 00:27:42,240 Speaker 1: multiple roads that Biden had and continues to have here, 459 00:27:42,840 --> 00:27:46,440 Speaker 1: especially now with the announcement of Wisconsin and Michigan. Well, look, 460 00:27:46,680 --> 00:27:50,400 Speaker 1: you know, um, I was always of the notional mindset 461 00:27:51,000 --> 00:27:53,840 Speaker 1: that we would hold on to the House representatives, albeit 462 00:27:54,240 --> 00:27:56,680 Speaker 1: in a much more interesting way than I had anticipated, 463 00:27:58,560 --> 00:28:02,200 Speaker 1: and that we've win the presidency, but that we've come close. 464 00:28:02,320 --> 00:28:05,399 Speaker 1: I thought in the Senate, possibly could have won it, 465 00:28:05,400 --> 00:28:10,400 Speaker 1: but probably would just come close, and we did come closer. UM. 466 00:28:10,920 --> 00:28:14,159 Speaker 1: I do think the message from my vantage point to 467 00:28:14,160 --> 00:28:18,359 Speaker 1: the Democratic Party is that we lost some seats here. 468 00:28:19,240 --> 00:28:20,880 Speaker 1: I think there's gonna be a lot of soul searching 469 00:28:21,240 --> 00:28:23,880 Speaker 1: done within the party itself. And you look at Donna 470 00:28:24,119 --> 00:28:26,639 Speaker 1: Lela down in Florida. We never should have lost that seat. 471 00:28:27,359 --> 00:28:29,000 Speaker 1: Look at some of the seats in Texas where we 472 00:28:29,000 --> 00:28:33,560 Speaker 1: should have won. And I think even people who have survived, 473 00:28:34,000 --> 00:28:35,439 Speaker 1: and there are a number of them, whether it's in 474 00:28:35,480 --> 00:28:40,840 Speaker 1: Pennsylvania UM or in Illinois, Uh, and you know even 475 00:28:40,880 --> 00:28:45,040 Speaker 1: California UM, that it's gonna be it because they've they've 476 00:28:45,080 --> 00:28:49,160 Speaker 1: moved towards the socialist issue, and that's what really damaging 477 00:28:49,200 --> 00:28:51,920 Speaker 1: because democraty we have. We're gonna talk about that, Joe, 478 00:28:51,920 --> 00:28:53,960 Speaker 1: We're gonna talk about that throughout the next hour. So 479 00:28:53,960 --> 00:28:56,200 Speaker 1: so that's a great great point to make panelties with me, 480 00:28:56,280 --> 00:28:59,960 Speaker 1: Rick Davis, Joe Crowley, I'm Kevin Surreally, this is Bloomberg. 481 00:29:12,400 --> 00:29:17,240 Speaker 1: This is Bloomberg Sound on Election twenty with Kevin Cirelli 482 00:29:17,680 --> 00:29:22,360 Speaker 1: on Bloomberg Radio. My name is Kevin Cirelli. I'm the 483 00:29:22,400 --> 00:29:26,719 Speaker 1: chief Washington correspondent from Bloomberg Television and from Bloomberg Radio. 484 00:29:27,160 --> 00:29:30,000 Speaker 1: Joe Crowley's with me, former New York Congressman and Democratic 485 00:29:30,040 --> 00:29:33,920 Speaker 1: Caucus chair, and Rick Davis, my partner in crime, throughout 486 00:29:33,920 --> 00:29:36,920 Speaker 1: the early morning evening our I don't even know what 487 00:29:37,040 --> 00:29:39,240 Speaker 1: day it is. Rick was with me here in the 488 00:29:39,240 --> 00:29:43,280 Speaker 1: Washington bureau of Bloomberg. He's a partner at Stone Court Capital, 489 00:29:43,320 --> 00:29:46,000 Speaker 1: former campaign manager for John McCain's two thousand and eight 490 00:29:46,240 --> 00:29:49,480 Speaker 1: presidential campaign, and of course of Bloomberg contributor. I said 491 00:29:49,520 --> 00:29:52,640 Speaker 1: to Rick when we were awaiting the Arizona results, I said, Rick, 492 00:29:53,080 --> 00:29:56,400 Speaker 1: where's the best place to get a taco in Maricopa County? 493 00:29:56,440 --> 00:29:59,360 Speaker 1: He goes t PE. Rick, what's the best taco at 494 00:29:59,360 --> 00:30:02,080 Speaker 1: t P? The thing you want to eat when you 495 00:30:02,120 --> 00:30:06,600 Speaker 1: go to t P is the deep fried burrito lathered 496 00:30:06,680 --> 00:30:10,400 Speaker 1: with sauce. Yes, you can't. That was John McCain's favorite place. 497 00:30:10,480 --> 00:30:13,880 Speaker 1: We would go to t P on election day. Uh. 498 00:30:14,080 --> 00:30:17,360 Speaker 1: It was a it was a tradition. He loved it. 499 00:30:18,240 --> 00:30:23,520 Speaker 1: Probably three or four thousand calories and one and enough 500 00:30:23,520 --> 00:30:25,440 Speaker 1: to get you through the night. That's what we needed 501 00:30:25,560 --> 00:30:28,240 Speaker 1: last night, Kevin. We we could have used it. I 502 00:30:28,240 --> 00:30:31,200 Speaker 1: could have used the deep a lot of either one 503 00:30:31,200 --> 00:30:33,200 Speaker 1: would have been fine for me. I should have told 504 00:30:33,200 --> 00:30:36,080 Speaker 1: our executive producer, Christine berbout it. But get me the burrito, 505 00:30:36,240 --> 00:30:38,720 Speaker 1: the deep fried burrito with the extra sauce. You know, 506 00:30:38,800 --> 00:30:40,400 Speaker 1: I gotta say this and then I'll pivot back to 507 00:30:40,400 --> 00:30:43,600 Speaker 1: the economy. But my dad, uh, he would. One year 508 00:30:43,720 --> 00:30:46,680 Speaker 1: for Thanksgiving, he deep fried to turkey because he saw 509 00:30:46,800 --> 00:30:48,960 Speaker 1: John McCain on the news do it. And when I 510 00:30:49,000 --> 00:30:51,520 Speaker 1: was chasing after the late Senator John McCain in the 511 00:30:51,560 --> 00:30:54,280 Speaker 1: halls of Congress, I said, I told him the story, 512 00:30:54,280 --> 00:30:55,920 Speaker 1: and he gave me tips on how you got to 513 00:30:56,000 --> 00:30:58,200 Speaker 1: hold it and how you gotta do this, and it 514 00:30:58,240 --> 00:31:00,840 Speaker 1: was just really comical. I was at a rock star 515 00:31:01,200 --> 00:31:03,440 Speaker 1: when I told my dad that John McCain gave me 516 00:31:03,480 --> 00:31:07,040 Speaker 1: a tip for how to deep fry or Thanksgiving turkey. 517 00:31:07,160 --> 00:31:10,600 Speaker 1: But it's yeah, and nothing nothing exploded on the out 518 00:31:10,640 --> 00:31:12,680 Speaker 1: on the streets of Delco in our yard when when 519 00:31:12,720 --> 00:31:15,800 Speaker 1: we were doing that. Okay, back to the economy. Investors 520 00:31:15,840 --> 00:31:19,800 Speaker 1: frantically bit up stocks Wednesday, sending major averages to the 521 00:31:19,840 --> 00:31:23,640 Speaker 1: biggest rallies in five months, as they grew more confident 522 00:31:23,680 --> 00:31:27,480 Speaker 1: that the tightly contested outcome would ensure key elements of 523 00:31:27,520 --> 00:31:30,800 Speaker 1: the bullmarket remain intact for years to come. All throughout 524 00:31:30,840 --> 00:31:34,360 Speaker 1: the day, my colleagues on Bloomberg Television and Bloomberg Radio 525 00:31:34,520 --> 00:31:38,160 Speaker 1: have been interviewing economists to try to make sense of 526 00:31:38,240 --> 00:31:42,720 Speaker 1: this whip selling, fast moving story. People like Ralph Schlast 527 00:31:42,800 --> 00:31:46,680 Speaker 1: nine ever Core Co CEO, Lisa Shallott, Morgan Stanley Wealth 528 00:31:46,760 --> 00:31:50,000 Speaker 1: Management c i O, Libby Cantrill, Pimco had a U 529 00:31:50,080 --> 00:31:55,320 Speaker 1: S Public Policy and Peter Sachen suit Alpha Omega Advisor's 530 00:31:55,360 --> 00:31:57,959 Speaker 1: founder and CEO. Take a listen to what they had 531 00:31:58,000 --> 00:32:01,680 Speaker 1: to say. I think what's happening today in the markets 532 00:32:01,880 --> 00:32:06,880 Speaker 1: is a h endorsement of divided government as much as 533 00:32:06,920 --> 00:32:10,400 Speaker 1: there's a motion around the leadership in the White House. UH, 534 00:32:10,400 --> 00:32:12,560 Speaker 1: that actually may not be what's driving the bus in 535 00:32:13,560 --> 00:32:16,840 Speaker 1: the V shaped recovery is intact. You've got a fed that, 536 00:32:16,960 --> 00:32:19,360 Speaker 1: regardless of who wins, is going to continue to have 537 00:32:19,440 --> 00:32:22,600 Speaker 1: their foot on the gas pedal. There are things for 538 00:32:22,640 --> 00:32:25,640 Speaker 1: the market to both cheer uh and to fear. I 539 00:32:25,680 --> 00:32:28,160 Speaker 1: think the contention in Washington is going to lead to small, 540 00:32:28,280 --> 00:32:33,640 Speaker 1: slower stimulus no matter frankly what party wins. The presidential election. 541 00:32:34,760 --> 00:32:38,040 Speaker 1: So there you have it. I mean, Rick Davis, I mean, 542 00:32:38,200 --> 00:32:42,760 Speaker 1: because of the Senate to be candid, are you, with 543 00:32:42,800 --> 00:32:45,920 Speaker 1: all your political experience, do you think that that forces 544 00:32:46,400 --> 00:32:49,360 Speaker 1: a Joe Biden or President Trump to have to govern 545 00:32:49,600 --> 00:32:53,440 Speaker 1: in a more centrist way, like on something like corporate 546 00:32:53,440 --> 00:32:56,680 Speaker 1: tax cuts, which you know a Republican controlled Senate isn't 547 00:32:56,680 --> 00:33:00,200 Speaker 1: going to reverse the corporate tax cut. Sure, I think 548 00:33:00,240 --> 00:33:03,400 Speaker 1: that there's a there's a reality that's setting in and 549 00:33:03,440 --> 00:33:06,960 Speaker 1: it didn't take long, UH that you have to come 550 00:33:07,000 --> 00:33:08,400 Speaker 1: to the groups with the fact that Joe Biden is 551 00:33:08,440 --> 00:33:10,120 Speaker 1: going to be president and Mitch McConnell is going to 552 00:33:10,160 --> 00:33:12,480 Speaker 1: be a majority leader. Once you get that set and 553 00:33:12,560 --> 00:33:15,560 Speaker 1: Nancy Pelosi will continue to be Speaker, then you can 554 00:33:15,560 --> 00:33:19,120 Speaker 1: actually handicap pretty easily what the policy differences are and 555 00:33:19,160 --> 00:33:22,040 Speaker 1: where the bridges are going to be. They'll they'll probably 556 00:33:22,120 --> 00:33:26,880 Speaker 1: be a big push either in the UH in the 557 00:33:26,960 --> 00:33:30,840 Speaker 1: lame duck or or right after in the new administration 558 00:33:30,920 --> 00:33:37,080 Speaker 1: of pretty substantial sub supplemental or stimulus plan. But but 559 00:33:37,160 --> 00:33:39,720 Speaker 1: Mitch McConnell's going to hold the overall cost down, right, 560 00:33:39,760 --> 00:33:43,080 Speaker 1: I mean, we know his negotiating position on that, UH, 561 00:33:43,120 --> 00:33:45,320 Speaker 1: and and and and that will be a trade off 562 00:33:45,360 --> 00:33:48,840 Speaker 1: for any potential revenue racing measures that that that Joe 563 00:33:48,840 --> 00:33:52,239 Speaker 1: Biden has discussed on his campaign. So there will be 564 00:33:52,240 --> 00:33:57,480 Speaker 1: a governor on spending that the Republican Senate Control will 565 00:33:57,640 --> 00:34:00,600 Speaker 1: will will put on the Biden administration. That being said, 566 00:34:00,640 --> 00:34:03,440 Speaker 1: I mean every, uh, every speech of Biden has given 567 00:34:03,440 --> 00:34:06,760 Speaker 1: in the last week. His closing argument was, we need 568 00:34:06,800 --> 00:34:08,640 Speaker 1: to pull together as a country and work together to 569 00:34:08,680 --> 00:34:12,040 Speaker 1: solve these problems, first of which is coronavirus. And so 570 00:34:12,160 --> 00:34:15,520 Speaker 1: I have absolutely no doubt that he'll go up to 571 00:34:15,719 --> 00:34:20,200 Speaker 1: Capitol Hill, uh, socially distanced and uh and and get 572 00:34:20,200 --> 00:34:23,759 Speaker 1: a deal to try and rebuild the capacity that we 573 00:34:23,840 --> 00:34:27,520 Speaker 1: have to fight coronavirus, get it under control as quick 574 00:34:27,560 --> 00:34:29,600 Speaker 1: as we can, so that we can push forward more 575 00:34:29,640 --> 00:34:34,040 Speaker 1: economic growth activity. Uh. And so I do believe that 576 00:34:34,200 --> 00:34:37,360 Speaker 1: Biden is the right guy to try and create a 577 00:34:37,400 --> 00:34:42,600 Speaker 1: bridge with Mitch McConnell. Less combative than Donald Trump's relationship, 578 00:34:42,719 --> 00:34:45,719 Speaker 1: for instance, with Nanti Pelosi over the last four years. 579 00:34:45,920 --> 00:34:48,520 Speaker 1: It'll be fascinating. And I think Rick just touched on 580 00:34:48,600 --> 00:34:50,720 Speaker 1: something really important. And I said this to my colleagues, 581 00:34:50,760 --> 00:34:54,200 Speaker 1: Tom Keene, Lisa Bramowitz and Jonathan Farrell and Bloomberg surveillance, 582 00:34:54,480 --> 00:35:00,520 Speaker 1: uh just this morning, which was essentially then unknown variable. Now, folks, 583 00:35:00,520 --> 00:35:05,400 Speaker 1: are these continuing rising cases of coronavirus. UK conservative government 584 00:35:05,440 --> 00:35:08,600 Speaker 1: had to had to impose new restrictions, as did progressive 585 00:35:08,640 --> 00:35:11,440 Speaker 1: governments of Germany and France, and we still haven't had 586 00:35:11,480 --> 00:35:15,080 Speaker 1: that reconciliation here as we await for fiscal stimulus. Joe Crowley, 587 00:35:15,560 --> 00:35:17,880 Speaker 1: you know, if they up taking cases continues into the 588 00:35:17,880 --> 00:35:21,040 Speaker 1: month of December, that could be some pressure on policymakers 589 00:35:21,040 --> 00:35:23,080 Speaker 1: in the Lame Duck to maybe get to some type 590 00:35:23,080 --> 00:35:25,120 Speaker 1: of fiscal stimulus deal. And if not in the Lame Duck, 591 00:35:25,160 --> 00:35:29,120 Speaker 1: definitely in January after inauguration, I think, certainly in January 592 00:35:29,160 --> 00:35:30,960 Speaker 1: off the after these incuration, but something I think in 593 00:35:31,000 --> 00:35:34,240 Speaker 1: the Lame Duck as well. And I, for one, Kevin 594 00:35:34,280 --> 00:35:36,920 Speaker 1: I said before, I don't I never thought that taxes 595 00:35:36,960 --> 00:35:39,600 Speaker 1: were going to be the lot to talk about taxes. 596 00:35:39,640 --> 00:35:43,080 Speaker 1: You know, no one under four thousand was gonna get taxed, etcetera. 597 00:35:43,680 --> 00:35:46,279 Speaker 1: But I think the nature of our ecounty right now 598 00:35:46,400 --> 00:35:49,200 Speaker 1: was so stressed that that that I have to be 599 00:35:49,239 --> 00:35:52,120 Speaker 1: pushed off not one right now as has been sent 600 00:35:52,239 --> 00:35:55,920 Speaker 1: over and over again is crushing this virus. And I 601 00:35:55,960 --> 00:35:58,720 Speaker 1: think Biden has been talking about bringing the country together. 602 00:35:58,760 --> 00:36:02,200 Speaker 1: We continue to say that, maybe to the chagrin of 603 00:36:02,280 --> 00:36:05,319 Speaker 1: some Democrats, getting enmies isn't too much, but I think 604 00:36:05,320 --> 00:36:07,759 Speaker 1: there's some value to that. And I think helping the 605 00:36:07,760 --> 00:36:11,000 Speaker 1: country together about investing in America and an infrastructure bill, 606 00:36:11,280 --> 00:36:14,239 Speaker 1: getting Democrats Republicans working together again in the House, send 607 00:36:14,239 --> 00:36:17,160 Speaker 1: in the Senate on something it's passible, as something it's achievable, 608 00:36:17,200 --> 00:36:20,319 Speaker 1: as opposed to what's the visit. I think focusing on 609 00:36:20,320 --> 00:36:24,279 Speaker 1: a tax would set off along bells and really kind 610 00:36:24,280 --> 00:36:26,000 Speaker 1: of being a deep dive, and I just don't think 611 00:36:26,120 --> 00:36:29,759 Speaker 1: Joe Biden wants to go there. Fascinating, fascinating. All right, Joe, 612 00:36:29,800 --> 00:36:31,360 Speaker 1: you and I are going to talk about the Senate 613 00:36:31,400 --> 00:36:33,359 Speaker 1: and the House races coming up, and I'm also going 614 00:36:33,400 --> 00:36:35,960 Speaker 1: to check in with Congressman Dwight Evans on the ground 615 00:36:36,000 --> 00:36:39,919 Speaker 1: for us in Philadelphia, Democrat from the city of Brotherly Love. Rick, 616 00:36:40,320 --> 00:36:44,320 Speaker 1: you have just been incredibly excellent, Uh just so incredibly 617 00:36:44,320 --> 00:36:48,240 Speaker 1: grateful for our partnership as we covered this thing together. 618 00:36:48,360 --> 00:36:50,799 Speaker 1: Always learn when Rick Davis talks, he is of course 619 00:36:50,960 --> 00:36:53,600 Speaker 1: partner at Stone Court Capital and the former campaign manager 620 00:36:53,800 --> 00:36:57,080 Speaker 1: to John McCain's two thousand and eight presidential campaign. Thank you, Rick, 621 00:36:57,440 --> 00:36:59,240 Speaker 1: I know you've got to run. Go get a burrito. 622 00:36:59,560 --> 00:37:03,240 Speaker 1: He's get in the fried Burrito from t P America County. 623 00:37:03,480 --> 00:37:06,759 Speaker 1: I'm Kevin Sirelli. Much more coming up next This the 624 00:37:06,840 --> 00:37:12,239 Speaker 1: day after this is Bloomberg Radio. You're listening to Bloomberg 625 00:37:12,400 --> 00:37:18,400 Speaker 1: Sound on Election with Kevin Cirelli on Bloomberg Radio. Do 626 00:37:18,440 --> 00:37:21,160 Speaker 1: you believe it? It's the day after election Day. We 627 00:37:21,200 --> 00:37:23,480 Speaker 1: still don't have a result, but we are inching closer 628 00:37:23,560 --> 00:37:26,040 Speaker 1: to get in one, and we are that much closer. 629 00:37:26,640 --> 00:37:28,759 Speaker 1: So the finish line. My name is Kevin Cirelli. I 630 00:37:28,800 --> 00:37:32,320 Speaker 1: am the chief Washington correspondent for Bloomberg Television and for 631 00:37:32,400 --> 00:37:35,080 Speaker 1: Bloomberg Radio. We're gonna do something now where we focus 632 00:37:35,080 --> 00:37:38,319 Speaker 1: on a battleground state, Pennsylvania, not just because I grew 633 00:37:38,360 --> 00:37:41,000 Speaker 1: up outside of Philly, but because it is really where 634 00:37:41,480 --> 00:37:46,239 Speaker 1: all of the action is tonight, where you have Rudy Giuliani, 635 00:37:46,480 --> 00:37:50,120 Speaker 1: who is the President's personal attorney, just giving a press 636 00:37:50,160 --> 00:37:56,560 Speaker 1: conference and Joe Biden speaking earlier today about Pennsylvania. Here's 637 00:37:56,600 --> 00:37:59,359 Speaker 1: Joe Biden speaking about the battleground state of Pennsylvania, which 638 00:37:59,360 --> 00:38:03,280 Speaker 1: is still not yet been called very good about Pennsylvania. 639 00:38:03,840 --> 00:38:07,200 Speaker 1: Virtually all the remaining ballots to be counted were cast 640 00:38:07,239 --> 00:38:13,879 Speaker 1: by mail, and we've been winning of the votes by 641 00:38:13,920 --> 00:38:18,920 Speaker 1: mail in Pennsylvania. And then Rudy Giuliani speaking in Philadelphia 642 00:38:19,000 --> 00:38:21,399 Speaker 1: just moments ago, and they are saying that they are 643 00:38:21,480 --> 00:38:24,839 Speaker 1: ready to file a lawsuit h for how the votes 644 00:38:24,880 --> 00:38:27,680 Speaker 1: are being counted. Here's Rudy Giuliani. This went on for 645 00:38:27,760 --> 00:38:30,520 Speaker 1: twenty hours while all of you thought there was some 646 00:38:30,600 --> 00:38:33,279 Speaker 1: kind of legitimate account going on here in Philadelphia. It 647 00:38:33,400 --> 00:38:38,400 Speaker 1: was totally illegitimate. And there you have it, with really 648 00:38:38,600 --> 00:38:41,520 Speaker 1: hanging in the ballot. What is going to happen in 649 00:38:41,560 --> 00:38:43,759 Speaker 1: the Keystone State. Let's head to Philadelphia right now? Were 650 00:38:43,800 --> 00:38:48,200 Speaker 1: Congressman Dwight Evans, a Democrat from Philadelphia joins me on 651 00:38:48,239 --> 00:38:52,439 Speaker 1: the telephone line. Okay, so where uh politics aside, where 652 00:38:53,000 --> 00:38:56,680 Speaker 1: essentially are we in terms of the count for Pennsylvania 653 00:38:56,760 --> 00:39:01,400 Speaker 1: and when might we get a result? Well? Thank you, Kim. First, 654 00:39:02,080 --> 00:39:05,520 Speaker 1: I think it's very important to really understand, uh that 655 00:39:05,600 --> 00:39:09,480 Speaker 1: the account should be completed. We should allow the account 656 00:39:09,560 --> 00:39:12,680 Speaker 1: to move forward. Uh, it's in the best INSes of 657 00:39:12,960 --> 00:39:16,000 Speaker 1: both sides to understand that this is in the best 658 00:39:16,040 --> 00:39:20,239 Speaker 1: INSes of not just Pennsylvania, but this nation. Uh, there's 659 00:39:20,280 --> 00:39:24,960 Speaker 1: a process. People have an election yesterday, they voted. Now 660 00:39:25,000 --> 00:39:28,480 Speaker 1: we have to just ensure that it's an open, transparent process, 661 00:39:28,480 --> 00:39:32,280 Speaker 1: and that is by allowing the account to take place. Uh. 662 00:39:32,400 --> 00:39:35,879 Speaker 1: They're doing that right now. They're moving. They haven't said 663 00:39:35,920 --> 00:39:38,360 Speaker 1: the time frame at this point that I know of, 664 00:39:39,080 --> 00:39:41,440 Speaker 1: but they're moving as fast as they can. I support 665 00:39:41,480 --> 00:39:44,960 Speaker 1: the aspect of having a complete and open count and 666 00:39:45,000 --> 00:39:47,080 Speaker 1: that I do not think it should be interfered with 667 00:39:47,440 --> 00:39:50,040 Speaker 1: in any way. I think for the sake of the public, 668 00:39:50,640 --> 00:39:52,960 Speaker 1: they need to know and understand, you know, we the people, 669 00:39:53,000 --> 00:39:55,080 Speaker 1: that's what it is, and we should make sure that 670 00:39:55,160 --> 00:39:59,000 Speaker 1: we ensure that the account goes through. Okay, what's happening 671 00:39:59,000 --> 00:40:04,200 Speaker 1: in Philadelphia with the count, Well, it's it's being conducted. 672 00:40:04,920 --> 00:40:08,560 Speaker 1: It's being conducted in a very open way. Matter of fact, 673 00:40:08,640 --> 00:40:12,400 Speaker 1: it's held that the Pennsylvania Convincing Center in the heart 674 00:40:12,520 --> 00:40:15,160 Speaker 1: of the city. Uh. And the fact of the matter, 675 00:40:15,200 --> 00:40:18,080 Speaker 1: it's there, and you know, it's open, it is transparent. 676 00:40:18,320 --> 00:40:21,319 Speaker 1: You know, cameras, you see whatever. But you know, it 677 00:40:21,400 --> 00:40:24,239 Speaker 1: just needs to sickly. In my view, you don't need 678 00:40:24,280 --> 00:40:26,160 Speaker 1: any kind of put the ports. I have nothing to 679 00:40:26,200 --> 00:40:29,840 Speaker 1: do with it. The reality is in the hands of 680 00:40:29,960 --> 00:40:32,880 Speaker 1: the necessary officials to deal with it and deal with 681 00:40:32,960 --> 00:40:36,960 Speaker 1: an open and transparent way. Okay, So when do you 682 00:40:37,040 --> 00:40:39,080 Speaker 1: think we will have a result? What are the election 683 00:40:39,120 --> 00:40:43,919 Speaker 1: officials saying on the ground? By Friday, by Saturday, that's 684 00:40:44,000 --> 00:40:47,480 Speaker 1: that's that's what they're shooting for. They're shooting for Friday. 685 00:40:47,600 --> 00:40:52,920 Speaker 1: I don't give the exact date, but they're moving very quickly. 686 00:40:53,800 --> 00:40:55,880 Speaker 1: They're working around the clock. You know, we need to 687 00:40:55,920 --> 00:40:59,400 Speaker 1: applaud those people who are working around the clock to 688 00:40:59,480 --> 00:41:02,880 Speaker 1: do a very professional job who the key thing is 689 00:41:03,160 --> 00:41:06,200 Speaker 1: to make sure it's right, to make sure he's accurate. 690 00:41:06,320 --> 00:41:09,000 Speaker 1: You want to make sure he's accurate, because that's extremely important. 691 00:41:09,480 --> 00:41:12,719 Speaker 1: I mean, you know, it's very important that people have 692 00:41:12,960 --> 00:41:18,479 Speaker 1: trust and confidence in the electoral process. That there should 693 00:41:18,520 --> 00:41:21,640 Speaker 1: be in no way there should be any question about 694 00:41:21,719 --> 00:41:26,080 Speaker 1: this particular process. I think it's very It's very important. 695 00:41:26,080 --> 00:41:29,800 Speaker 1: You had an election. People came out, they vote, they participated. 696 00:41:30,239 --> 00:41:33,400 Speaker 1: It was it was a real election. There was a 697 00:41:33,400 --> 00:41:35,879 Speaker 1: great turn out and at the end of the day, 698 00:41:35,960 --> 00:41:39,560 Speaker 1: the best way to do it is sure that is 699 00:41:39,640 --> 00:41:43,160 Speaker 1: open and people know that and not be apologetic about that. 700 00:41:44,280 --> 00:41:46,000 Speaker 1: All right, I mean, and and again, I mean just 701 00:41:46,440 --> 00:41:49,279 Speaker 1: you know, we could have a situation where already they 702 00:41:49,280 --> 00:41:51,200 Speaker 1: are saying that they might take this all the way 703 00:41:51,280 --> 00:41:53,399 Speaker 1: to to the Supreme Court, that the Trump campaign might 704 00:41:53,400 --> 00:41:55,520 Speaker 1: do that. All right. I want to pivot to broader 705 00:41:55,560 --> 00:42:00,360 Speaker 1: electoral politics. Democrats holding control of the House of Representatives Congress, 706 00:42:00,360 --> 00:42:03,719 Speaker 1: but they Republicans picked up some seeds. How is this 707 00:42:03,800 --> 00:42:08,760 Speaker 1: going to change the dynamic of Congress? This new makeup 708 00:42:08,880 --> 00:42:10,719 Speaker 1: that we that we have in the House and and 709 00:42:10,719 --> 00:42:14,880 Speaker 1: and in the Senate. I would hope, uh that we 710 00:42:14,960 --> 00:42:17,920 Speaker 1: did that. We figured ways that we need to work together. 711 00:42:18,640 --> 00:42:21,200 Speaker 1: And we need to first work together in terms of 712 00:42:21,200 --> 00:42:25,839 Speaker 1: trying to cure this virus by testing, treating, and tracing. 713 00:42:26,239 --> 00:42:29,319 Speaker 1: That's the first essential thing that's extremely Uh. Secondly, the 714 00:42:29,400 --> 00:42:34,600 Speaker 1: issue about the George Floyd a justice reform. That's a 715 00:42:34,719 --> 00:42:37,000 Speaker 1: huge issue in the nation, and you know that was 716 00:42:37,000 --> 00:42:39,600 Speaker 1: a problem with a young man being killed in the 717 00:42:39,600 --> 00:42:43,520 Speaker 1: city in Philampia. We also need about voting rights. Just 718 00:42:43,640 --> 00:42:46,279 Speaker 1: come out. We need talk about voting rights. We need 719 00:42:46,320 --> 00:42:49,200 Speaker 1: to deal with our health care system. I mean, there's 720 00:42:49,239 --> 00:42:50,960 Speaker 1: a number of issues. These are just some of the 721 00:42:51,040 --> 00:42:53,760 Speaker 1: issues I think. But but the key thing I hope 722 00:42:54,080 --> 00:42:56,640 Speaker 1: now that we have had an election, we need to 723 00:42:56,719 --> 00:42:59,720 Speaker 1: focus and work together. It's not that we will always 724 00:42:59,760 --> 00:43:03,240 Speaker 1: agree read, but it's hard time that we do within 725 00:43:03,280 --> 00:43:06,879 Speaker 1: the interest the people. That's why we did we did 726 00:43:07,080 --> 00:43:10,840 Speaker 1: focus for the Alright, alright, Congressman's White Evans with US 727 00:43:10,840 --> 00:43:12,800 Speaker 1: Democrat from Philadelphia. All Right, I'm gonna put you on 728 00:43:12,840 --> 00:43:15,200 Speaker 1: the spot here because there's divided government. Does Joe Biden 729 00:43:15,239 --> 00:43:17,320 Speaker 1: have to govern us more of a centrist if he's president? 730 00:43:19,880 --> 00:43:22,600 Speaker 1: Joe Biden, I think I said this before, you is 731 00:43:22,600 --> 00:43:27,600 Speaker 1: going to govern as an Americans the Dodge dodge, but 732 00:43:27,880 --> 00:43:30,160 Speaker 1: you like here, you liked on the dodge. But he 733 00:43:30,320 --> 00:43:34,399 Speaker 1: is an American president and he represent the people and 734 00:43:34,400 --> 00:43:36,600 Speaker 1: and the fact of the matter, he has an officially, 735 00:43:37,080 --> 00:43:39,719 Speaker 1: well he still got good through the process and get 736 00:43:39,719 --> 00:43:43,520 Speaker 1: two under seventy like college boots and he's there. Look, 737 00:43:43,560 --> 00:43:46,960 Speaker 1: can you keep saying that I understands. Look, America is 738 00:43:47,080 --> 00:43:51,080 Speaker 1: very complicated and there's a lot it's an understatement, Congressman, 739 00:43:51,160 --> 00:43:55,799 Speaker 1: that's an understatement. You have to drive, you have to 740 00:43:55,880 --> 00:43:59,920 Speaker 1: drive find ways. The bill consensus. You know, I've been 741 00:44:00,000 --> 00:44:03,920 Speaker 1: in government for awful long time. Yeah, I understand it's easy. 742 00:44:04,360 --> 00:44:06,680 Speaker 1: I mean so I think, you know, if he should 743 00:44:06,719 --> 00:44:10,479 Speaker 1: become the president, the fact of the man, Man, he's 744 00:44:10,520 --> 00:44:13,919 Speaker 1: moving in the right direction. Uh. He's a person who 745 00:44:13,960 --> 00:44:18,280 Speaker 1: will be a real athlete. All right, Julianni and Philly, 746 00:44:19,600 --> 00:44:26,759 Speaker 1: you're gonna taken the patsor genos whatever he want. You know. 747 00:44:26,880 --> 00:44:29,680 Speaker 1: I think one thing that that c Congressman is a 748 00:44:29,680 --> 00:44:34,000 Speaker 1: Philadelphia Eagles fan. Uh as as am I and Congressman, 749 00:44:34,080 --> 00:44:36,520 Speaker 1: I think one thing everybody who's an Eagles fan, regardless 750 00:44:36,520 --> 00:44:39,319 Speaker 1: of their political stripes, can agree on. Thankfully, it's a 751 00:44:39,360 --> 00:44:42,680 Speaker 1: bye week, because this has been one week we can 752 00:44:42,719 --> 00:44:49,759 Speaker 1: maybe it's been a tacking week. I totally agree with Congressman. 753 00:44:50,000 --> 00:44:54,600 Speaker 1: We can concentrate on that. Believe I hear you don't 754 00:44:54,640 --> 00:44:57,840 Speaker 1: get me in trouble. Congressman Dwight Evans, Democrat from the 755 00:44:57,880 --> 00:45:01,200 Speaker 1: City of Brotherly Love my homes out. Thank you, Congressman 756 00:45:01,280 --> 00:45:03,720 Speaker 1: is always I'll catch up with you later. I'm Kevin Serelli. 757 00:45:04,120 --> 00:45:06,120 Speaker 1: Joe Crowley joins me up next. We talked about the 758 00:45:06,160 --> 00:45:24,480 Speaker 1: House and the Senate. You're listening to Bloomberg Radio. This 759 00:45:24,880 --> 00:45:31,000 Speaker 1: is Bloomberg Sound on Election with Kevin Surreally on Bloomberg Radio. 760 00:45:31,680 --> 00:45:34,000 Speaker 1: My name is Kevin Curreli. I'm the chief Washington correspondent 761 00:45:34,040 --> 00:45:37,279 Speaker 1: for Bloomberg Television and for Bloomberg Radio. Remember you can 762 00:45:37,400 --> 00:45:41,799 Speaker 1: catch all of our continuing election markets coverage and and 763 00:45:41,840 --> 00:45:45,080 Speaker 1: really the confluence of all of it, and and the 764 00:45:45,120 --> 00:45:48,279 Speaker 1: intersection is the better work choice of all of it. Uh. 765 00:45:48,600 --> 00:45:52,520 Speaker 1: Every morning on Bloomberg Surveillance with Bloomberg's Tom Keene, Jonathan 766 00:45:52,520 --> 00:45:54,879 Speaker 1: Faroh and Lisa A. Brama Witz. They have a lot 767 00:45:54,880 --> 00:45:57,759 Speaker 1: of fun, but more importantly, they're very smart and they 768 00:45:57,800 --> 00:46:00,520 Speaker 1: do an incredible job. So make sure to catch up 769 00:46:00,520 --> 00:46:03,359 Speaker 1: with them throughout all of this as we as we 770 00:46:03,440 --> 00:46:07,760 Speaker 1: continue to follow just the breaking developments every single hour, 771 00:46:07,920 --> 00:46:10,960 Speaker 1: it feels like uh, this week in particular, and again 772 00:46:11,000 --> 00:46:13,239 Speaker 1: if you're just joining us, Uh, the headlines in the 773 00:46:13,320 --> 00:46:16,600 Speaker 1: last hour, where television networks now calling the battleground state 774 00:46:16,960 --> 00:46:22,359 Speaker 1: of Michigan for Joe Biden, putting him just six electoral 775 00:46:22,440 --> 00:46:25,279 Speaker 1: votes away from the magic number of two seventy that 776 00:46:25,320 --> 00:46:28,760 Speaker 1: you need in the electoral college count uh to clinch 777 00:46:28,840 --> 00:46:34,480 Speaker 1: the presidency. The counts are underway still going on in Georgia, 778 00:46:34,560 --> 00:46:40,560 Speaker 1: North Carolina, Pennsylvania, p A mind you where Rudy Giuliani, 779 00:46:41,120 --> 00:46:45,239 Speaker 1: former New York City mayor, the president's personal attorney, appearing 780 00:46:45,560 --> 00:46:48,280 Speaker 1: within the last hour and saying that they are fully 781 00:46:48,280 --> 00:46:52,560 Speaker 1: prepared to take this election all the way to pursue 782 00:46:52,600 --> 00:46:55,560 Speaker 1: legal action and uh, all the way to the Supreme 783 00:46:55,560 --> 00:46:57,719 Speaker 1: Court if need be, all right, Joe Crowley's with me. 784 00:46:57,840 --> 00:47:00,279 Speaker 1: Joe is a good friend of the program. He's former 785 00:47:00,320 --> 00:47:03,320 Speaker 1: congressman from New York of Democrat and the former Democratic 786 00:47:03,320 --> 00:47:06,600 Speaker 1: Caucus chairman. And Joe, nobody else I'd rather talk to 787 00:47:06,719 --> 00:47:08,640 Speaker 1: about the lay of the land. Are you alluded to 788 00:47:08,680 --> 00:47:11,280 Speaker 1: this earlier in the program, but now we can dissect 789 00:47:11,320 --> 00:47:12,920 Speaker 1: it a little bit more. I want to play for 790 00:47:12,960 --> 00:47:16,959 Speaker 1: you with Kevin McCarthy. Leader Kevin McCarthy, the Republican leader, 791 00:47:16,960 --> 00:47:21,080 Speaker 1: had to say in the House of Representatives earlier today. 792 00:47:21,239 --> 00:47:24,440 Speaker 1: Here here's Kevin McCarthy. Heard for months from the posters 793 00:47:24,440 --> 00:47:27,200 Speaker 1: and the media about how Republicans We're going to lose 794 00:47:27,239 --> 00:47:32,359 Speaker 1: more seats and cling to shrinking coalitions. We expanded this 795 00:47:32,480 --> 00:47:38,040 Speaker 1: party that reflects America, that looks like America, and you know, 796 00:47:38,080 --> 00:47:40,160 Speaker 1: I gotta be honest it was a really strong night 797 00:47:40,400 --> 00:47:45,240 Speaker 1: for women in the Republican Party, uh in particular, and 798 00:47:45,800 --> 00:47:50,600 Speaker 1: they uh several women were elected in the House of 799 00:47:50,640 --> 00:47:53,239 Speaker 1: Representatives in particular. And I will say this, this was 800 00:47:53,280 --> 00:47:56,800 Speaker 1: a strong night last night for Senate Majority Leader Mitch McConnell. 801 00:47:56,960 --> 00:48:02,200 Speaker 1: Am I wrong, Joe? Well, look, I mean any uh 802 00:48:02,400 --> 00:48:04,840 Speaker 1: edition of women in the Republican parties and improved me 803 00:48:04,920 --> 00:48:09,000 Speaker 1: quite frankly, it's so lacking there. Um. Uh, don't take 804 00:48:09,040 --> 00:48:12,080 Speaker 1: a hat off for that. But the reality is that 805 00:48:11,920 --> 00:48:16,360 Speaker 1: the Senate did tighten. Uh. Democrats will still be in 806 00:48:16,440 --> 00:48:20,360 Speaker 1: control of the House Representatives, um, and so uh and 807 00:48:20,600 --> 00:48:23,279 Speaker 1: we're gonna win the presidency, I mean quite frankly. The 808 00:48:23,320 --> 00:48:27,280 Speaker 1: presidency is the kit and caboodle here really and uh overall, 809 00:48:27,320 --> 00:48:29,239 Speaker 1: it was a good night for Democrats, all right, but 810 00:48:29,280 --> 00:48:32,719 Speaker 1: the progress I mean, but I'm gonna say this. We 811 00:48:32,719 --> 00:48:36,360 Speaker 1: were heading into this election, Texas is gonna go blue 812 00:48:37,080 --> 00:48:40,560 Speaker 1: or Jonie Earnest is gonna lose to Theresa Greenfield. Didn't happen. 813 00:48:40,920 --> 00:48:44,440 Speaker 1: Texas didn't kill blue. Senator Earns one Susan Collins in 814 00:48:44,560 --> 00:48:48,279 Speaker 1: Maine four delegates split delegates. Joe Biden picked up three 815 00:48:48,280 --> 00:48:52,040 Speaker 1: of the four delegates, and Susan Collins outperformed President Trump 816 00:48:52,120 --> 00:48:54,160 Speaker 1: in the battleground state of Maine. Let's take a listen 817 00:48:54,400 --> 00:48:58,280 Speaker 1: to Senator Susan Collins here. She is. Probably the lowest 818 00:48:58,360 --> 00:49:02,040 Speaker 1: point was when I saw all of the negative beds 819 00:49:02,200 --> 00:49:09,480 Speaker 1: attacking my integrity, intacting my husband, and knowing that there 820 00:49:09,480 --> 00:49:13,200 Speaker 1: seemed to be an endless flow of money coming into 821 00:49:13,280 --> 00:49:17,480 Speaker 1: the state of name. I mean it was they didn't 822 00:49:17,520 --> 00:49:20,160 Speaker 1: have Lindsey Graham, another one who was in a tough fight. 823 00:49:20,239 --> 00:49:23,640 Speaker 1: He won in South Carolina. Uh So I don't know. 824 00:49:23,719 --> 00:49:26,479 Speaker 1: I mean, you could let me ask you this question, 825 00:49:26,520 --> 00:49:29,200 Speaker 1: who had a who had a better night, McConnell or 826 00:49:29,239 --> 00:49:35,040 Speaker 1: Pelosi McConnell, because I think he ended up honest, that's honestly. 827 00:49:35,120 --> 00:49:38,960 Speaker 1: I appreciate maintaining control of the Senate UM. And there 828 00:49:38,960 --> 00:49:42,040 Speaker 1: were unexpected losses in the House Democratic Caucus. I think 829 00:49:42,080 --> 00:49:46,560 Speaker 1: that's true. Um, you know, maybe a net gain of 830 00:49:46,960 --> 00:49:51,120 Speaker 1: you know, five or so seats for Republicans in the 831 00:49:51,160 --> 00:49:54,719 Speaker 1: in the House UM. But at the same time, Democrats 832 00:49:54,760 --> 00:49:58,880 Speaker 1: did continue to maintain maintain control of the House represents 833 00:49:58,880 --> 00:50:02,080 Speaker 1: and that's what matters, you know. Uh, there's no lonelier 834 00:50:02,120 --> 00:50:04,759 Speaker 1: place in Washington than in the minority in the House 835 00:50:04,800 --> 00:50:10,440 Speaker 1: representative question, where where does the Democratic Party go from here? Um, 836 00:50:10,520 --> 00:50:13,560 Speaker 1: that's a great question. I think that there's a lot 837 00:50:13,600 --> 00:50:17,160 Speaker 1: of field welcome County, a lot of on here, you know. 838 00:50:17,640 --> 00:50:20,520 Speaker 1: I mean, look at Montana. My my my family in Montana. 839 00:50:20,880 --> 00:50:23,000 Speaker 1: You know, we talk about all the time, my in laws. 840 00:50:23,440 --> 00:50:26,279 Speaker 1: You know, that's a pretty purple state. And yet we 841 00:50:26,400 --> 00:50:29,840 Speaker 1: lost everything yesterday for the most part, um, and I 842 00:50:29,840 --> 00:50:32,040 Speaker 1: think it was high expectation the Bullock would have won there. 843 00:50:32,600 --> 00:50:35,200 Speaker 1: I think we can look around number of places. But 844 00:50:35,280 --> 00:50:39,439 Speaker 1: like I mentioned earlier, you look down in Florida where 845 00:50:39,520 --> 00:50:42,960 Speaker 1: Donna Lana lost, my friend Donna lost, and uh, Congress 846 00:50:43,560 --> 00:50:47,080 Speaker 1: scaled power lost, and those small part because I think 847 00:50:47,160 --> 00:50:51,279 Speaker 1: the president's emphasis on you know, democratic socialists and you know, 848 00:50:51,320 --> 00:50:55,160 Speaker 1: the Party of Socialists, etcetera, you know, really appealing to 849 00:50:55,160 --> 00:50:58,640 Speaker 1: the venzuel On the population, Ecodorean population and Colombian and 850 00:50:58,680 --> 00:51:02,760 Speaker 1: the Cuban population, who have all had experiences with socialist 851 00:51:02,800 --> 00:51:07,239 Speaker 1: governments and totalitarian states. So um, you know, I think 852 00:51:07,719 --> 00:51:09,840 Speaker 1: the other place where democrosting out to be so so 853 00:51:10,000 --> 00:51:13,240 Speaker 1: searching again is not the people who actually lost the seats, 854 00:51:13,239 --> 00:51:16,360 Speaker 1: but the people who narrowly won re election. And again, 855 00:51:16,400 --> 00:51:21,200 Speaker 1: those seats are in those competitive districts. You can you 856 00:51:21,320 --> 00:51:23,239 Speaker 1: win as many seats you want in New York and 857 00:51:23,320 --> 00:51:27,040 Speaker 1: Baltimore and Miami and l A and San Francisco, but 858 00:51:27,080 --> 00:51:31,200 Speaker 1: it's in those those interface districts where Democrats from Republicans. 859 00:51:31,800 --> 00:51:34,120 Speaker 1: But we see, we see it in Pennsylvania. We sawed 860 00:51:34,160 --> 00:51:36,680 Speaker 1: up part to California. You know, in more rural areas, 861 00:51:36,680 --> 00:51:40,440 Speaker 1: the suburbantis. You saw in New Jersey, um you saw it. 862 00:51:40,520 --> 00:51:42,040 Speaker 1: And and you know you saw it up state in 863 00:51:42,040 --> 00:51:47,240 Speaker 1: New York. Um uh, in more suburban and rural areas. 864 00:51:47,719 --> 00:51:50,840 Speaker 1: That is the key to winning the House representatives and 865 00:51:50,960 --> 00:51:54,200 Speaker 1: holding and maybe expanding or not expanding the House representatives. 866 00:51:54,480 --> 00:51:57,319 Speaker 1: They take some, we take some, and that's the battleground. 867 00:51:57,360 --> 00:52:00,160 Speaker 1: That's where that's where it happens. And wait until too. 868 00:52:00,560 --> 00:52:02,839 Speaker 1: That's exactly where I was going with this. And look, 869 00:52:02,880 --> 00:52:04,640 Speaker 1: I know that Joe Biden is on the cusp of 870 00:52:04,640 --> 00:52:06,920 Speaker 1: of of winning the presidency. But I wanted to focus 871 00:52:06,960 --> 00:52:10,279 Speaker 1: this segment on the dynamics in Congress. How does the 872 00:52:10,320 --> 00:52:14,840 Speaker 1: Democratic Party run down ballot races where akin to Connor 873 00:52:14,920 --> 00:52:19,000 Speaker 1: Lamb in southwestern Pennsylvania, of the Reagan Democrats or the 874 00:52:19,080 --> 00:52:21,640 Speaker 1: Kennedy Catholics. Ken is it too late for them to 875 00:52:21,680 --> 00:52:24,520 Speaker 1: return to that? No, it's not. But I have to 876 00:52:24,520 --> 00:52:27,640 Speaker 1: give kudos. You know, we gave Jim Clyburne great kudos 877 00:52:27,640 --> 00:52:31,040 Speaker 1: in South Carolina in the primary. But I'm looking at Wisconsin. 878 00:52:31,080 --> 00:52:35,400 Speaker 1: I'm looking at um Michigan and Pennsylvania Dwight Evans and 879 00:52:35,640 --> 00:52:38,120 Speaker 1: if Philly comes to us, they think they will. Pennsylvania's 880 00:52:38,120 --> 00:52:42,160 Speaker 1: not done yet. But Gwen Moore, Deborah Lawrence in Michigan, 881 00:52:42,520 --> 00:52:45,800 Speaker 1: the African American women in African American population particular, or 882 00:52:45,840 --> 00:52:48,440 Speaker 1: the heroes here for for Joe Biden. But I don't 883 00:52:48,480 --> 00:52:50,560 Speaker 1: think we're lost there. I think we have to really 884 00:52:51,080 --> 00:52:55,080 Speaker 1: stop talking, at least being perceived as talking down to 885 00:52:55,200 --> 00:52:58,600 Speaker 1: people as though you know, Democrats to the party they 886 00:52:58,760 --> 00:53:01,879 Speaker 1: educated and public is at the undergy game. That's that's 887 00:53:01,920 --> 00:53:04,640 Speaker 1: just b s. You know, Um, there are a lot 888 00:53:04,719 --> 00:53:06,680 Speaker 1: of good people in the Republican Party and we're looking 889 00:53:06,680 --> 00:53:10,360 Speaker 1: for good answers for for the country and you know 890 00:53:10,400 --> 00:53:12,920 Speaker 1: a lot of Democrats in those areas as well. And 891 00:53:13,000 --> 00:53:14,960 Speaker 1: we have a tendency, not that we need to, but 892 00:53:15,080 --> 00:53:18,080 Speaker 1: we tend to talk down to them, we have their 893 00:53:18,120 --> 00:53:20,040 Speaker 1: interested heart. We have to do a better way of 894 00:53:20,040 --> 00:53:21,920 Speaker 1: explaining that to them. Can I ask you one more 895 00:53:21,960 --> 00:53:23,759 Speaker 1: question because you only have a minute left, and this 896 00:53:23,800 --> 00:53:26,360 Speaker 1: is a really important follow up question. Joe Biden on 897 00:53:26,400 --> 00:53:30,160 Speaker 1: the fracking issue in the second debate, he walked it back. 898 00:53:30,400 --> 00:53:32,840 Speaker 1: But do you think that it was actually other voices 899 00:53:32,880 --> 00:53:35,440 Speaker 1: in the party that caused him more trouble on the 900 00:53:35,480 --> 00:53:37,840 Speaker 1: issue of fracking to that point that you just alluded 901 00:53:37,880 --> 00:53:41,919 Speaker 1: to when they were talking to Tenticum Township in Pennsylvania. 902 00:53:43,200 --> 00:53:45,400 Speaker 1: I think it was you know, do you know what 903 00:53:45,440 --> 00:53:47,359 Speaker 1: I mean by that? Yeah? I think it was an 904 00:53:47,360 --> 00:53:50,080 Speaker 1: important moment in the debate, And as you said, he 905 00:53:50,120 --> 00:53:53,040 Speaker 1: didn't walk it back, but I do think that there 906 00:53:53,040 --> 00:53:56,759 Speaker 1: were forces within the Democratic Party um that that that 907 00:53:56,840 --> 00:54:00,000 Speaker 1: money that's for Joe Biden even further in the attempt 908 00:54:00,080 --> 00:54:02,200 Speaker 1: to pull it back. But you know, at the end 909 00:54:02,239 --> 00:54:04,200 Speaker 1: of the day, I do hope that we learned this 910 00:54:04,280 --> 00:54:07,240 Speaker 1: lesson kind of land him was a gifted, gifted elected official, 911 00:54:07,520 --> 00:54:09,319 Speaker 1: and I help he pulls it out in the end. 912 00:54:09,600 --> 00:54:11,719 Speaker 1: If we don't learn it, we're gonna pay the price. 913 00:54:11,760 --> 00:54:16,279 Speaker 1: In Have you listened to Bruce Sprinsteen's new album I have. UM, 914 00:54:16,480 --> 00:54:18,879 Speaker 1: I have to tell you I love ghosts. I think 915 00:54:18,920 --> 00:54:21,680 Speaker 1: ghost of the time of the song. Um, I think 916 00:54:21,680 --> 00:54:23,160 Speaker 1: it's the best song on the album. I love if. 917 00:54:23,200 --> 00:54:24,960 Speaker 1: I think if I could be the Priest, so far 918 00:54:25,000 --> 00:54:28,640 Speaker 1: I was the priest. I love that songs. Is that 919 00:54:28,719 --> 00:54:30,759 Speaker 1: the Boss? Is that the dog? Isn't the dog's name 920 00:54:30,840 --> 00:54:33,520 Speaker 1: named after Brce? That's Bruce Freeesteen. Yeah, but in the 921 00:54:33,520 --> 00:54:37,680 Speaker 1: background there must have someone Bruce Freestey. Thank you, Joel 922 00:54:37,760 --> 00:54:39,839 Speaker 1: having good one for me. Joe Crowley, former New York 923 00:54:39,880 --> 00:54:42,280 Speaker 1: congressman and of course, former chairman of the Democratic Caucus, 924 00:54:42,280 --> 00:54:45,200 Speaker 1: does it for me. I'm Kevin CERELLI chief Washington correspondent 925 00:54:45,200 --> 00:54:46,880 Speaker 1: from Bloomberg TV and Radio. I still have yet to 926 00:54:46,880 --> 00:54:48,520 Speaker 1: listen to The Boss's new album, and I'm gonna do 927 00:54:48,560 --> 00:54:51,040 Speaker 1: it and I will report back. This is Bloomberg Radio.