WEBVTT -  US Steel-Nippon "Partnership" with Marc Morial

0:00:00.280 --> 0:00:07.240
<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

0:00:07.840 --> 0:00:11.520
<v Speaker 2>You're listening to Bloomberg Business Week with Carol Masser and

0:00:11.640 --> 0:00:15.080
<v Speaker 2>Tim Steneveek on Bloomberg Radio. Well, it is the five

0:00:15.160 --> 0:00:19.240
<v Speaker 2>year anniversary of George Floyd's killing that happens this Sunday.

0:00:19.239 --> 0:00:22.640
<v Speaker 2>That's the anniversary. Hard to believe that since then we've

0:00:22.640 --> 0:00:24.680
<v Speaker 2>seen a pendulum. I think it's fair to say swing

0:00:24.800 --> 0:00:27.600
<v Speaker 2>back and forth when it comes to the way companies

0:00:27.800 --> 0:00:30.600
<v Speaker 2>talk publicly about race, when it comes to the way

0:00:31.120 --> 0:00:33.919
<v Speaker 2>that we hear administrations talk about it.

0:00:34.400 --> 0:00:35.360
<v Speaker 3>The National Urban.

0:00:35.240 --> 0:00:37.360
<v Speaker 2>League is out with a new report, and we're joined

0:00:37.360 --> 0:00:40.760
<v Speaker 2>by Markmrioal, President and CEO of the National Urban League.

0:00:40.760 --> 0:00:44.240
<v Speaker 2>It calls itself quote, the nation's largest historic civil rights

0:00:44.240 --> 0:00:48.200
<v Speaker 2>and urban advocacy organization, devoted to empowering communities and changing

0:00:48.240 --> 0:00:50.760
<v Speaker 2>lives since nineteen ten. Mark joins us here in the

0:00:50.800 --> 0:00:53.600
<v Speaker 2>Bloomberg Interactive Brokers Studio. Mark welcome.

0:00:53.680 --> 0:00:56.320
<v Speaker 1>Hey, I'm glad to be here, and you know, I

0:00:56.360 --> 0:00:58.240
<v Speaker 1>want to take a minute if you will talk about

0:00:58.320 --> 0:01:04.039
<v Speaker 1>US steel please, because we took a position against this transaction,

0:01:04.640 --> 0:01:07.120
<v Speaker 1>and I think people should be reminded that both Biden

0:01:07.160 --> 0:01:10.920
<v Speaker 1>and Trump during the election cycle oppose what in it

0:01:11.040 --> 0:01:16.959
<v Speaker 1>sent in effect, was an acquisition by Nipon Steel of

0:01:17.280 --> 0:01:22.280
<v Speaker 1>US steel. Cleveland Cliffs wanted to buy US steel. Both

0:01:22.400 --> 0:01:27.560
<v Speaker 1>Biden and Trump opposed it on the theory that it

0:01:27.600 --> 0:01:30.479
<v Speaker 1>would lead to the loss of American jobs, the fear

0:01:30.600 --> 0:01:36.000
<v Speaker 1>being that Nippon would close American plans transfer production to Japan.

0:01:36.560 --> 0:01:38.959
<v Speaker 1>So now with this iteration, you asked the right question,

0:01:39.440 --> 0:01:44.199
<v Speaker 1>is this a partnership or is that a public relations move?

0:01:44.720 --> 0:01:47.600
<v Speaker 1>Is it still the original deal, which really was an acquisition,

0:01:47.960 --> 0:01:50.720
<v Speaker 1>and what protections are going to be there? We took

0:01:50.760 --> 0:01:52.840
<v Speaker 1>a position from a job's perspective, So.

0:01:52.920 --> 0:01:57.840
<v Speaker 4>You were justerned about some of the black communities there right, economic.

0:01:57.600 --> 0:02:00.760
<v Speaker 1>Places and steal and we're in a conversation where we're

0:02:00.800 --> 0:02:04.800
<v Speaker 1>talking about manufacturing. So the real impact question is will

0:02:04.880 --> 0:02:10.080
<v Speaker 1>this protect American steel jobs or will it potentially lead

0:02:10.160 --> 0:02:12.600
<v Speaker 1>to the transfer production to Japan.

0:02:12.760 --> 0:02:14.840
<v Speaker 2>Well, I will say the President said that it would

0:02:14.880 --> 0:02:17.440
<v Speaker 2>create at least seventy thousand jobs and AD fourteen billion

0:02:17.480 --> 0:02:19.840
<v Speaker 2>to the US economy. But as we did just here

0:02:19.919 --> 0:02:23.600
<v Speaker 2>from Richard Bork, he has a hard time imagining that

0:02:23.680 --> 0:02:27.440
<v Speaker 2>after investing fourteen billion dollars, then Nippon stee would at

0:02:27.440 --> 0:02:29.880
<v Speaker 2>an additional fourteen billion dollars to the US economy.

0:02:29.880 --> 0:02:32.720
<v Speaker 1>And the question is are there any guarantees? And I

0:02:32.720 --> 0:02:35.880
<v Speaker 1>think we all need to watch for the details, understand

0:02:35.880 --> 0:02:39.440
<v Speaker 1>the specifics because those jobs and those communities have been

0:02:39.480 --> 0:02:41.560
<v Speaker 1>heavily dependent on those types of.

0:02:41.800 --> 0:02:44.000
<v Speaker 2>Well, just to contextualize the seventy thousand, that's just a

0:02:44.040 --> 0:02:46.919
<v Speaker 2>massive number of jobs, especially for the steel industry. US

0:02:46.960 --> 0:02:50.160
<v Speaker 2>steel only has twenty two thousand employees right now.

0:02:50.360 --> 0:02:52.720
<v Speaker 1>Yeah, and I hope it's not a lot of hype,

0:02:52.800 --> 0:02:55.480
<v Speaker 1>you know, And I think that we owe it to

0:02:55.560 --> 0:02:57.799
<v Speaker 1>look at the transaction and see what impact it or

0:02:58.240 --> 0:03:02.120
<v Speaker 1>what guarantees are going to be there for American workers,

0:03:02.160 --> 0:03:04.960
<v Speaker 1>And what are the guarantees that five years from now,

0:03:04.960 --> 0:03:08.720
<v Speaker 1>there's not a decision made, a reversal and the jobs

0:03:08.800 --> 0:03:11.720
<v Speaker 1>moved to Japan or they move abroad for some reason.

0:03:11.800 --> 0:03:16.360
<v Speaker 1>So that's really what, if you will, handcuffs and guardrails

0:03:16.400 --> 0:03:18.480
<v Speaker 1>are going to be placed on this transaction until we

0:03:18.639 --> 0:03:22.240
<v Speaker 1>see what they file, until we see what they promise,

0:03:22.520 --> 0:03:23.680
<v Speaker 1>it's hard to know.

0:03:23.760 --> 0:03:25.640
<v Speaker 3>But I'm just it's.

0:03:25.480 --> 0:03:29.560
<v Speaker 1>Interesting that the president opposed it as a candidate. Biden

0:03:29.600 --> 0:03:32.480
<v Speaker 1>opposed it as a candidate, the union opposed it at

0:03:32.520 --> 0:03:37.080
<v Speaker 1>a as a candidate, Union opposed it last year, and

0:03:37.120 --> 0:03:41.280
<v Speaker 1>there was an American suitor for US Steel Cleveland Cliffs, Right.

0:03:41.400 --> 0:03:44.120
<v Speaker 1>So there's a lot to unpack here, and I just

0:03:44.200 --> 0:03:47.160
<v Speaker 1>you know, we work hard on the issue of jobs,

0:03:47.640 --> 0:03:52.080
<v Speaker 1>and we're very focused on transactions to determine whether it's

0:03:52.080 --> 0:03:53.720
<v Speaker 1>going to have a positive or negative impact on the

0:03:53.720 --> 0:03:54.560
<v Speaker 1>communities we serve.

0:03:54.680 --> 0:03:58.120
<v Speaker 3>Well, look, yeah, you George Floyd, wait, I want do.

0:03:58.040 --> 0:03:58.720
<v Speaker 2>You want to in a minute?

0:03:58.760 --> 0:03:58.840
<v Speaker 4>Ye?

0:03:59.160 --> 0:04:02.440
<v Speaker 2>I want to stay on economic development and stand jobs

0:04:02.440 --> 0:04:04.680
<v Speaker 2>because as somebody who's been involved in government for so

0:04:04.760 --> 0:04:07.520
<v Speaker 2>long there of New Orleans serving in the Louisiana State Senate,

0:04:07.720 --> 0:04:11.320
<v Speaker 2>you understand this stuff when it comes to economic development.

0:04:11.360 --> 0:04:12.520
<v Speaker 3>Take a big picture.

0:04:12.240 --> 0:04:15.920
<v Speaker 2>Approach to what you view as the economic policy of

0:04:15.920 --> 0:04:19.360
<v Speaker 2>the Trump administration and its effects on American jobs. Because

0:04:19.400 --> 0:04:22.040
<v Speaker 2>the President and the administration would say, hey, we are

0:04:22.040 --> 0:04:24.640
<v Speaker 2>imposing tariffs to protect US jobs.

0:04:25.160 --> 0:04:30.320
<v Speaker 1>I think a tariff approach without an industrial policy, which

0:04:30.360 --> 0:04:35.480
<v Speaker 1>says what specific industries are you trying to grow it

0:04:35.520 --> 0:04:41.960
<v Speaker 1>appears to be a scattershot approach designed to leverage some deals.

0:04:41.839 --> 0:04:47.159
<v Speaker 3>Without any specificity. So we're talking about iPhones, automobiles, blue jeans.

0:04:49.160 --> 0:04:52.920
<v Speaker 1>Toys, what specific so I can buy the selective use

0:04:52.920 --> 0:04:55.960
<v Speaker 1>of tariffs, the selective use of trying to rebuild an

0:04:56.000 --> 0:04:59.560
<v Speaker 1>American industry. But you need an industrial or economic development

0:04:59.600 --> 0:05:04.200
<v Speaker 1>policy that matches the tariffs in order to give certainty

0:05:04.480 --> 0:05:06.120
<v Speaker 1>to American business and consumers.

0:05:06.240 --> 0:05:09.120
<v Speaker 4>So I am curious, you know, Mark, when the President

0:05:09.160 --> 0:05:12.120
<v Speaker 4>putting pressure on a company like Apple to kind of

0:05:12.200 --> 0:05:14.640
<v Speaker 4>increase its investment here. And we've talked a lot with

0:05:14.680 --> 0:05:17.400
<v Speaker 4>our reporters who cover it and our team that covers it,

0:05:17.440 --> 0:05:19.839
<v Speaker 4>that they say, you know, it's going to be a

0:05:19.880 --> 0:05:21.960
<v Speaker 4>while before we can do it. That maybe there isn't

0:05:22.080 --> 0:05:24.279
<v Speaker 4>the skill of the workers, the type of automation, so

0:05:24.320 --> 0:05:26.520
<v Speaker 4>on and so forth. But is that the kind of

0:05:26.520 --> 0:05:29.839
<v Speaker 4>thing that you think would create jobs that would actually

0:05:30.360 --> 0:05:35.800
<v Speaker 4>benefit black communities, middle class communities, which we have just

0:05:36.000 --> 0:05:37.960
<v Speaker 4>kind of carved out in a big way.

0:05:38.080 --> 0:05:41.480
<v Speaker 1>Look, we the outsourcing of jobs that took place in

0:05:41.520 --> 0:05:45.920
<v Speaker 1>the eighties and the nineties to really Reagan era free

0:05:45.920 --> 0:05:49.919
<v Speaker 1>trade policies, which will continued in the Bush and the

0:05:49.920 --> 0:05:50.599
<v Speaker 1>Clinton era.

0:05:51.320 --> 0:05:52.720
<v Speaker 4>The Republicans Democrats are.

0:05:52.839 --> 0:05:56.320
<v Speaker 1>Like, yeah, communities, right, they did damage community. The benefit

0:05:56.520 --> 0:05:59.200
<v Speaker 1>was cheaper goods on the consumer side, right, So there

0:05:59.200 --> 0:06:02.440
<v Speaker 1>were some benefits, but it hurts. The issue today is

0:06:02.640 --> 0:06:04.479
<v Speaker 1>what jobs are the jobs.

0:06:04.160 --> 0:06:04.719
<v Speaker 3>Of the future.

0:06:05.000 --> 0:06:08.320
<v Speaker 1>Is it rebuilding automobile component parts. I would say that

0:06:08.640 --> 0:06:12.680
<v Speaker 1>what people have not paid attention to is the disinvestment

0:06:13.600 --> 0:06:18.800
<v Speaker 1>through the NIH cuts in biomedical research and technology where

0:06:18.839 --> 0:06:22.080
<v Speaker 1>we do have a bit of a competitive advantage. Where

0:06:22.120 --> 0:06:25.000
<v Speaker 1>we do have, we ought to be pouring more investments

0:06:25.440 --> 0:06:25.880
<v Speaker 1>into that.

0:06:26.080 --> 0:06:29.160
<v Speaker 4>What's the impact of that from your view, Well, the.

0:06:29.120 --> 0:06:32.560
<v Speaker 1>Impact of that is long term damaging because what happens

0:06:32.640 --> 0:06:37.120
<v Speaker 1>is the scientists and the investments go abroad, and once

0:06:37.160 --> 0:06:41.680
<v Speaker 1>they go abroad, just like manufacturing, you can't get them back.

0:06:42.120 --> 0:06:45.440
<v Speaker 1>So our economic policy ought to be focused on where

0:06:45.440 --> 0:06:49.479
<v Speaker 1>do we have a bit of some tailwinds and how

0:06:49.520 --> 0:06:50.520
<v Speaker 1>can we grow it?

0:06:50.920 --> 0:06:52.279
<v Speaker 3>But then on manufacturing.

0:06:52.640 --> 0:06:55.760
<v Speaker 1>I agree with the notion that we are to try

0:06:55.760 --> 0:06:57.279
<v Speaker 1>to rebuild.

0:06:56.760 --> 0:06:59.360
<v Speaker 3>Manufacturing, but we need to be more specific about it.

0:06:59.680 --> 0:07:03.960
<v Speaker 1>If someone said I want to bring jobs to Detroit, Newark, Gary,

0:07:04.160 --> 0:07:07.120
<v Speaker 1>New Orleans, Atlanta, I'm all for it, but I need

0:07:07.120 --> 0:07:11.080
<v Speaker 1>some specificity as to how this policy is going to

0:07:11.160 --> 0:07:12.760
<v Speaker 1>generate that type of response.

0:07:12.800 --> 0:07:15.400
<v Speaker 4>Are you getting time at the White House, We've.

0:07:15.200 --> 0:07:18.560
<v Speaker 1>Not been in any direct discussions with anyone in the administration,

0:07:18.640 --> 0:07:22.160
<v Speaker 1>but as always, if it's about the benefit for the community,

0:07:22.280 --> 0:07:23.800
<v Speaker 1>I'm open to discussions with anyone.

0:07:23.920 --> 0:07:26.200
<v Speaker 2>Is that different than other administrations? Do you typically have

0:07:26.280 --> 0:07:27.400
<v Speaker 2>a direct line to the White House?

0:07:27.400 --> 0:07:27.640
<v Speaker 3>You know?

0:07:27.720 --> 0:07:32.080
<v Speaker 1>In the Clinton, the Bush, the Obama administrations. Of Biden administrations,

0:07:32.520 --> 0:07:37.040
<v Speaker 1>I think there was a much more candid, open working

0:07:37.080 --> 0:07:41.040
<v Speaker 1>relationship with civil rights leaders, with African American leaders, and

0:07:41.760 --> 0:07:43.920
<v Speaker 1>they were frank and candid, and they were not performative.

0:07:43.960 --> 0:07:47.080
<v Speaker 3>You see I meetings. Many of these meetings took.

0:07:46.880 --> 0:07:53.280
<v Speaker 1>Place without cameras, without press, without performance, without posturing. So

0:07:53.400 --> 0:07:55.920
<v Speaker 1>I mean my view of meetings is I want to

0:07:55.960 --> 0:07:58.560
<v Speaker 1>talk business. I don't want to play games.

0:07:58.880 --> 0:08:03.160
<v Speaker 2>What's interesting is that the communities that you represent at

0:08:03.160 --> 0:08:07.200
<v Speaker 2>the National Urban League in the last election move further

0:08:07.240 --> 0:08:09.600
<v Speaker 2>to the right for the most part. And I don't

0:08:09.600 --> 0:08:10.320
<v Speaker 2>want to paint every.

0:08:10.160 --> 0:08:14.480
<v Speaker 1>Conduction, and many didn't vote, and there was a cynicism

0:08:15.040 --> 0:08:16.480
<v Speaker 1>about whether government.

0:08:16.080 --> 0:08:18.280
<v Speaker 3>Can make a difference. And why was that.

0:08:19.040 --> 0:08:24.360
<v Speaker 1>I think that people's objective economic conditions, the difficulty of COVID,

0:08:25.520 --> 0:08:31.400
<v Speaker 1>the depression of wages, inflation, a whole host of factors,

0:08:32.120 --> 0:08:34.520
<v Speaker 1>and the idea that politicians come and go and make

0:08:34.559 --> 0:08:35.719
<v Speaker 1>promises and never keep them.

0:08:35.720 --> 0:08:38.520
<v Speaker 2>So how does the Democratic Party get these voters back.

0:08:38.640 --> 0:08:41.000
<v Speaker 1>It's going to be up to a specific candidate. I

0:08:41.000 --> 0:08:44.000
<v Speaker 1>think people will rally around the right person. I don't

0:08:44.000 --> 0:08:46.640
<v Speaker 1>know if it's so much about a party. I think

0:08:46.679 --> 0:08:50.679
<v Speaker 1>Trump right, Trump remade quote unquote the Republican Party. I

0:08:50.760 --> 0:08:54.920
<v Speaker 1>think the Democratic Party is the Democratic Coalition is poise

0:08:55.000 --> 0:08:58.080
<v Speaker 1>for a makeover. It's poised for a group of people

0:08:58.120 --> 0:08:59.720
<v Speaker 1>who are gonna come and talk about how they're going

0:08:59.760 --> 0:09:01.160
<v Speaker 1>to change and disrupt.

0:09:01.400 --> 0:09:02.600
<v Speaker 3>But bill a vision for the future.

0:09:02.640 --> 0:09:05.120
<v Speaker 2>So who are some names that I would on your mind.

0:09:05.280 --> 0:09:08.800
<v Speaker 1>I wouldn't offer any names now because right now the

0:09:09.000 --> 0:09:11.320
<v Speaker 1>horses have not gotten out of the stable.

0:09:11.800 --> 0:09:14.200
<v Speaker 3>So we got to see him on the practice track.

0:09:15.640 --> 0:09:18.080
<v Speaker 4>Was Kamala Harris the wrong candidate at the wrong time.

0:09:18.160 --> 0:09:19.320
<v Speaker 3>Oh, she was a good candidate.

0:09:19.320 --> 0:09:22.800
<v Speaker 1>She was given a tough a tough lane to run

0:09:22.840 --> 0:09:27.320
<v Speaker 1>in sixty to ninety days to get known amongst American people. Remember,

0:09:27.640 --> 0:09:31.520
<v Speaker 1>she came within one point of defeating someone who was

0:09:31.559 --> 0:09:34.920
<v Speaker 1>on their third run for president. So we got to

0:09:34.920 --> 0:09:38.520
<v Speaker 1>remember there was no landslide, there was no mandate, but

0:09:38.559 --> 0:09:40.280
<v Speaker 1>there was a victory for Donald Trump.

0:09:40.880 --> 0:09:44.880
<v Speaker 4>So I would love to say, speaking of victories, that

0:09:44.920 --> 0:09:48.640
<v Speaker 4>we've made a lot of progress in the last five years.

0:09:49.280 --> 0:09:53.880
<v Speaker 4>Considering the tragic killing of George Floyd, and I think

0:09:54.440 --> 0:09:56.280
<v Speaker 4>you know it was COVID.

0:09:56.360 --> 0:09:57.240
<v Speaker 3>We were all home.

0:09:58.280 --> 0:10:02.760
<v Speaker 4>We had a lot of conversation, really frank and real

0:10:03.120 --> 0:10:07.320
<v Speaker 4>with CEOs and leaders about the importance and the racism

0:10:07.480 --> 0:10:11.240
<v Speaker 4>that still is in this country and blacks being targeted

0:10:11.280 --> 0:10:15.040
<v Speaker 4>around the country and just the injustices. And I feel

0:10:15.040 --> 0:10:17.240
<v Speaker 4>like we've slip slided back.

0:10:17.480 --> 0:10:21.760
<v Speaker 1>Tell me how you saw five steps forward and three

0:10:21.800 --> 0:10:25.600
<v Speaker 1>steps back on two issues we cover in this report.

0:10:25.600 --> 0:10:27.640
<v Speaker 3>I encourage people to go to in UK to report

0:10:27.640 --> 0:10:34.000
<v Speaker 3>out yes on policing. Many communities, many police departments, many.

0:10:33.840 --> 0:10:37.920
<v Speaker 1>Cities, supported by the Civil Rights Division of the Justice

0:10:37.920 --> 0:10:42.960
<v Speaker 1>Department made strides. We didn't pass a comprehensive federal law

0:10:43.000 --> 0:10:46.640
<v Speaker 1>that George Floyd Law did not pass, but one hundred

0:10:46.960 --> 0:10:50.960
<v Speaker 1>and eighty police officers were in fact convicted. Dozens of

0:10:50.960 --> 0:10:54.760
<v Speaker 1>police departments ended up in agreements to reform themselves. A

0:10:54.840 --> 0:10:58.720
<v Speaker 1>number of states, like Maryland, passed statewide police reform measures.

0:10:58.840 --> 0:11:01.040
<v Speaker 3>That was good. Now what's the obstacle?

0:11:01.080 --> 0:11:04.120
<v Speaker 1>Now the current administration has walked in and said we're

0:11:04.200 --> 0:11:09.920
<v Speaker 1>freezing all civil rights investigations, regardless of merit, regardless of

0:11:10.240 --> 0:11:15.400
<v Speaker 1>the basis of those that puts headwinds into this effort

0:11:15.440 --> 0:11:18.680
<v Speaker 1>to continue to do reform. On the other hand, there

0:11:18.679 --> 0:11:25.480
<v Speaker 1>were these incredible commitments by many great American institutions, businesses, philanthropies, etc.

0:11:26.240 --> 0:11:30.840
<v Speaker 1>And now some are walking them back. And they're three categories.

0:11:31.240 --> 0:11:34.640
<v Speaker 1>Those that have just abandoned them, some who've held firm

0:11:35.440 --> 0:11:38.080
<v Speaker 1>and those that are making cosmetic changes because they know

0:11:38.200 --> 0:11:41.200
<v Speaker 1>they need to be committed, but they're under the pressure

0:11:41.840 --> 0:11:45.600
<v Speaker 1>of the administration, which is using its regulatory power to

0:11:45.760 --> 0:11:46.520
<v Speaker 1>force their hand.

0:11:46.920 --> 0:11:49.199
<v Speaker 2>Do you think which one do you think happened more?

0:11:49.240 --> 0:11:51.200
<v Speaker 2>Do you think these are just cosmetic changes and they're

0:11:51.200 --> 0:11:54.240
<v Speaker 2>committed to these so called DEI policies, or do you

0:11:54.240 --> 0:11:56.640
<v Speaker 2>think they are actually making fundamental changes in moving away

0:11:56.640 --> 0:12:00.760
<v Speaker 2>from them and American.

0:11:59.200 --> 0:12:02.840
<v Speaker 1>Business to them straight a sense of courage. And the

0:12:02.880 --> 0:12:06.120
<v Speaker 1>reason why that courage is important is to recognize the

0:12:06.160 --> 0:12:11.480
<v Speaker 1>marketplace for both employees and customers of the future, which

0:12:11.559 --> 0:12:18.720
<v Speaker 1>is becoming far more diverse, black, brown Asian women. That's

0:12:18.800 --> 0:12:23.400
<v Speaker 1>the workplace of the future, the customers of the future.

0:12:23.400 --> 0:12:24.479
<v Speaker 3>I mean, you've seen.

0:12:25.800 --> 0:12:30.520
<v Speaker 1>Target get really really hammered, right and they had an

0:12:30.559 --> 0:12:34.760
<v Speaker 1>incredible record. They've walked it back now they'll tell you no,

0:12:35.120 --> 0:12:36.560
<v Speaker 1>the changes we made were.

0:12:36.440 --> 0:12:37.840
<v Speaker 3>Really around the edges.

0:12:38.640 --> 0:12:43.000
<v Speaker 1>But people today, if you look at D E and

0:12:43.040 --> 0:12:46.440
<v Speaker 1>I diversity, equity and inclusion, equal opportunity, and you poll it,

0:12:47.120 --> 0:12:52.240
<v Speaker 1>the lowest polling numbers I've seen in any any publicly available.

0:12:51.840 --> 0:12:52.760
<v Speaker 3>Poll is fifty percent.

0:12:53.440 --> 0:12:56.680
<v Speaker 1>See, the American people are not on the side of

0:12:56.760 --> 0:13:03.040
<v Speaker 1>the loud anti voices. American businesusiness knows deep in their soul,

0:13:03.200 --> 0:13:07.840
<v Speaker 1>they know and they understand. But they're being I think pressured,

0:13:08.440 --> 0:13:12.080
<v Speaker 1>they're being intimidated, and I think that's just the reality

0:13:12.080 --> 0:13:12.520
<v Speaker 1>of today.

0:13:12.840 --> 0:13:15.679
<v Speaker 4>We're squeeze for time twenty five seconds. Are you surprised

0:13:15.679 --> 0:13:19.080
<v Speaker 4>by the fear of corporate leaders to speak out? And

0:13:19.240 --> 0:13:22.160
<v Speaker 4>I apologize that it needs to be quick, I am.

0:13:22.240 --> 0:13:27.960
<v Speaker 1>But their exceptions Jamie Diamond, Roger Goodell, two people with

0:13:28.000 --> 0:13:31.400
<v Speaker 1>whom I've spoken, and two people who've made important statements,

0:13:31.400 --> 0:13:34.280
<v Speaker 1>and I think others should do the same thing.

0:13:35.320 --> 0:13:37.120
<v Speaker 2>Are you done with public service?

0:13:37.880 --> 0:13:39.719
<v Speaker 3>Never done with public service? So are you?

0:13:40.000 --> 0:13:41.400
<v Speaker 2>Is there a chance you would run for something else?

0:13:41.440 --> 0:13:44.000
<v Speaker 3>There's always a chance. But I love my job. I

0:13:44.040 --> 0:13:44.600
<v Speaker 3>love what I do.

0:13:44.640 --> 0:13:49.640
<v Speaker 4>But there's always a chance, like what, Stay tuned all right, TVD,

0:13:49.840 --> 0:13:51.559
<v Speaker 4>We'll come back and tell us you can break it. Mark,

0:13:51.600 --> 0:13:53.280
<v Speaker 4>thank you so much. He's, of course, president and chief

0:13:53.280 --> 0:13:56.559
<v Speaker 4>executive officer of the National Urban League, joining us in studio, Mark,

0:13:56.600 --> 0:14:00.280
<v Speaker 4>thank you. Yeah,