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Speaker 1: Why from our nation's cale, How do we reopen this economy?

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

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

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

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

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Speaker 1: never before. We're looking at seventy kenneddates for different vaccines.

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

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

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

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Speaker 1: HD two. Just how much cash as President Trump really

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Speaker 1: willing to spend on his re election effort? A hundred

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Speaker 1: million dollars. I'll give you the latest on plus escalating

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Speaker 1: tensions between the US and China, what you need to

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Speaker 1: know and where this storm is headed. We are going

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Speaker 1: to give you all of the latest, all of the

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Speaker 1: latest on the skinny bill that sent a majority. Leader

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Speaker 1: Mitch mc connal says that he uh is working on

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Speaker 1: next week plus of course on but we begin tonight

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Speaker 1: with the geopolitical story. Mounting tensions, mounting tensions between the

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Speaker 1: US and China, uh. The President has vowed yesterday to

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Speaker 1: sharply scale back US and China economic ties. Decoupling is

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Speaker 1: the word that you're going to be hearing a lot

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Speaker 1: more of, especially as top administration level officials, even some

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Speaker 1: cabinet level officials, have begun to use fiery rhetoric in

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Speaker 1: their speeches, particularly about the alleged miss Uh, the alleged

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Speaker 1: abuses of human rights for uh Weiger minority uh Weaker

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Speaker 1: Muslims in the Shenjang region of China. The US has

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Speaker 1: barred some China Shenjang firms citing that alleged Weaker abuse.

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Speaker 1: Tom Orlike is my first guest. He literally wrote the

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Speaker 1: the book China, The Bubble That Never Pops. He has

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Speaker 1: Bloomberg Economics chief Econo miss and of course the author

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Speaker 1: of the book China The Bubble That Never Pops. Tom.

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Speaker 1: It's it felt like over the the holiday weekend, Labor

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Speaker 1: Day weekend, the escalations rhetorically and to some extent the

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Speaker 1: supply chain, it escalated. It turned a new corner. Am

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Speaker 1: I wrong or no? I think certainly escalation is the

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Speaker 1: right word, Kevin um And as we head towards November,

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Speaker 1: especially with the virus story and the domestic economy story

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Speaker 1: not working out so great for the for the Trump administration,

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Speaker 1: I think there's going to be a political incentive there

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Speaker 1: to continue ratcheting up the pressure on China and try

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Speaker 1: and make that into a kind of dividing line issue

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Speaker 1: as Americans approached the polls at the beginning of November,

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Speaker 1: and you know, it's interesting, Tom and you know, there's

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Speaker 1: better than anyone. Typically in the lead up till an

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Speaker 1: election in geopolitics takes a back seat, but this election,

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Speaker 1: it seems that there's more of an incentive on behalf

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Speaker 1: of President Trump to to try to do things as

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Speaker 1: it relates to China. In addition to the rhetoric that

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Speaker 1: that that's a that's a nuance, I think that we're

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Speaker 1: seeing now that we might have to hear from uh

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Speaker 1: from Biden world on. Yeah. I think that's an important differentiator.

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Speaker 1: Kevin and I wouldn't be surprised if it's something which

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Speaker 1: the Trump campaign talks about. Right. So it's not uncommon

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Speaker 1: for presidential campaigns to talk tough about China. Clinton, Bush, Junior, Obama, Romney,

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Speaker 1: they all talked tough about about China. But once they

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Speaker 1: get into office, Um, the policy becomes much more nuanced,

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Speaker 1: much more balanced. There's a concern to protect the interests

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Speaker 1: of US companies in China, for example. Um, the Trump

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Speaker 1: administry has clearly been different. They've imposed tariffs on billions

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Speaker 1: of dollars worth of goods, They've imposed sanctions on tech

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Speaker 1: companies as you've reported, Kevin, and they've now imposed sanctions

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Speaker 1: on some companies operating out of Shinjiang, up in the

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Speaker 1: northwest of China. So there's really a clear differentiation between

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Speaker 1: the Trump administration and past administrations on China policy. Of course,

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Speaker 1: Biden was part of the past administrations. UM, So I'm

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Speaker 1: my expectation is the Trump team are going to try

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Speaker 1: and draw a kind of a bright line between the

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Speaker 1: two sides on the China issue. David, if you're going

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Speaker 1: to join us in the next hour and we'll continue

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Speaker 1: this conversation. But as you just mentioned over the weekend

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Speaker 1: and talking with administration sources, the Department of Homeland Security

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Speaker 1: has now gotten into this US China escalation and they're

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Speaker 1: using a tool that what is previously little used, but

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Speaker 1: now they're going to be using it quite frequently. It's

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Speaker 1: called withholding release orders w r o s. In the

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Speaker 1: wrong world as it's called, withholding release orders, and they

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Speaker 1: are essentially blocking or banning the imports from three companies

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Speaker 1: in Shinjang region of China over Beijing's alleged repression of

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Speaker 1: the weaker Muslim minority group, and they're planning to add

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Speaker 1: curbs on six more firms. Now, cotton is a massive,

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Speaker 1: massive export for Shinjang, and of China's exports of cotton

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Speaker 1: come from the Shinjang region, and thirty of America's imports

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Speaker 1: of of clothing come from China. This according uh to

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Speaker 1: various think tanks here in town. So they're going after textiles,

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Speaker 1: they're targeting hair extensions. They're actually considering targeting a chip

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Speaker 1: maker in this region that is the chip for a

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Speaker 1: lot of the inexpensive laptops that schools are using. And

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Speaker 1: if you've been following the reports of the back large

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Speaker 1: of laptops and tomatoes, so it's it's it's sprinkled. Is

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Speaker 1: this just a foreshadowing tom warlick of what potentially could

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Speaker 1: come should they say start to target chips. I don't

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Speaker 1: know in um in other parts of the supply chain.

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Speaker 1: Maybe their headquartered in Taiwan, but they've got some plants

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Speaker 1: in the mainland. So you can do this broad or

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Speaker 1: you can do this narrow. Kevin m think about the

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Speaker 1: ban on we Chat that we had a few weeks ago. Now,

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Speaker 1: there was a broadway of doing that to say all right,

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Speaker 1: US companies, you can't use we Chat anymore, and that

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Speaker 1: would have ended up being a disaster for everyone from

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Speaker 1: Apple to McDonald to Starbucks who do business in China,

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Speaker 1: where we Chat is kind of almost just like cash

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Speaker 1: in terms of its ubiquity. Um, all that the narrow

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Speaker 1: way of doing this and say yeah, we're not actually

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Speaker 1: gonna take aim at the big things which matter for

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Speaker 1: the bottom line for US corporations. So I think we

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Speaker 1: could see that playing out with the cotton thing. Right,

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Speaker 1: So there's a broad way of doing it where you say, okay,

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Speaker 1: we're going to track all the cotton coming from Shinjang,

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Speaker 1: and we don't care if it goes direct to the

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Speaker 1: US or it goes to a factory and then goes

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Speaker 1: to Vietnam and then comes to the US. We don't

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Speaker 1: want it. And that's the sort of thing which would

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Speaker 1: really hit the fashion industry, hit the retail industry, and

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Speaker 1: have a broader impact on the global economy, um or

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Speaker 1: there's a narrow way of doing it and saying, yeah,

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Speaker 1: we're just going to look at this particular company and

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Speaker 1: we're not going to track things very closely. So I

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Speaker 1: suspect I suspect it's going to be the narrow approach, Kevin.

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Speaker 1: Because the US administration they want to be tough on this.

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Speaker 1: They want to differentiate between the Trump and the Biden campaigns,

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Speaker 1: but they don't want to tank the stock market. They

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Speaker 1: don't want to tank the economy when there's already so

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Speaker 1: many troubles with COVID ahead of the election, and it's

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Speaker 1: so so. I mean, what you're saying is is is literally, folks.

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Speaker 1: I mean Tom or like if you haven't picked up

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Speaker 1: the new book, read it because you'll learn something. I

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Speaker 1: mean China, the bubble that never pops, Tom more like

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Speaker 1: Bloomberg Economics chief economists, you know, Tom, I mean what

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Speaker 1: you're talking about. We talk about contact tracing as if

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Speaker 1: it's just I'll get your temperature check before you can

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Speaker 1: go back to the movies or back to the office.

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Speaker 1: But contact tracing, folks, also relates to the parts in

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Speaker 1: your clothes, the computer chips in your laptops, the where

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Speaker 1: where the supply chain of your the components of your pills.

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Speaker 1: And there's actually technology that's able to track whether or

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Speaker 1: not the US was to introduce the ban, but the

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Speaker 1: Shinjeang province just goes through I don't know, South America,

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Speaker 1: Latin America. There's actually technology that would allow for the

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Speaker 1: US to detect the contact tracing of the materials and

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Speaker 1: the components of these goods. It's getting incredibly interesting. It's

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Speaker 1: incredibly nuanced, and that's why I'm so incredibly grateful to

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Speaker 1: kick off today's show with Tom or Like Bloomberg Economics

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Speaker 1: Chief Economists and um and of course the author of

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Speaker 1: China The Bubble That Never Pops Coming up, we're pivoting

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Speaker 1: to the markets. Trevor Hanger, Strategic advisor with Forbes Tate

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Speaker 1: Partners in Washington, d C. Will join us about what's

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Speaker 1: going on on Wall Street. Download the Bloomberg Sound On

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Speaker 1: podcast on Apple iTunes, at Bloomberg dot com, or by

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Speaker 1: downloading the Bloomberg Business App. You can also find me

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

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Speaker 1: all of our latest coverage on COVID nineteen, head over

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Speaker 1: to Bloomberg dot com. Slash coronavirus. Much more coming up next.

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Speaker 1: I'm Kevin CURIALI. It's Tuesday, It's a shortened work week.

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Speaker 1: It's a beautiful day in the nation's capital. A lot

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Speaker 1: to be grateful for. You're listening to Bloomberg. This is

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

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Speaker 1: oh five point seven f M h D two. I'm

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Speaker 1: Kevin CURRELLI, Chief Washington correspondent for Bloomberg Television and for

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Speaker 1: Bloomberg Radio. U s stocks sink to a four week low.

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Speaker 1: The Tech route spreads reading from the Bloomberg terminal. US

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Speaker 1: stocks sank for a third day. Wow was sell off

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Speaker 1: in technology shares picking up steam as investors fled the

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Speaker 1: high flyers who fuelled a historic five month rally. Oil

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Speaker 1: plunged while treasuries rose with the dollar. Lots of volatility,

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Speaker 1: lots of uncertainty. What is going on? Welcome to the program,

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Speaker 1: Trevor Hanger. Trevor is this is the first time he

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Speaker 1: is on the program. I read his note all the time.

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Speaker 1: Trevor is a strategic advisor with Forbes Tap Partners in Washington,

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Speaker 1: d C. Trevor, what happened? On Wall Street today. Well,

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Speaker 1: thanks for having me on, Kevin. I really appreciate it anytime.

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Speaker 1: It was another pretty aggressive sell off. I mean it's

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Speaker 1: the third day in a row. As you said, coming in, UM,

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Speaker 1: I would describe it as orderly but aggressive. And I

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Speaker 1: think that it's not entirely unexpected. I mean, the names

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Speaker 1: that lead the multi month rally on the way up,

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Speaker 1: the big tech names, are the ones that are leading

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Speaker 1: it right back down. I think you've got a lot

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Speaker 1: of investors out there who are looking for reasons to

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Speaker 1: sell and take some profits in those bigger names. And

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Speaker 1: you know they're getting it there. UM, they're seeing some

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Speaker 1: some opportunities to get out now. UM. They're not getting

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Speaker 1: great news UM out of DC. They're not getting great

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Speaker 1: news out of Europe. They're not getting great news out

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Speaker 1: of UM the U S relationship with China, UM. And

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Speaker 1: you know they got some some it's good to to

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Speaker 1: better than average economic data in in August. But I

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Speaker 1: think UH folks are are looking to take a take

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Speaker 1: a break and taking the foot off the gas. And

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Speaker 1: that's what that's what you're seeing. It's a it's a

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Speaker 1: pretty normal occurrence. I just think it's happening like a

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Speaker 1: lot of things in the market a lot faster, and

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Speaker 1: there's a lot more volatility um than you normally see.

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Speaker 1: So um uh, my colleague Jonathan Pharaoh on Bloomberg Surveillance

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Speaker 1: uh interview Larry Cudload the other the other day and

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Speaker 1: asked him whether or not this was just volatility or

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Speaker 1: if it's a correction. I'm looking at some of this

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Speaker 1: on the Bloomberg terminal. Tesla suffering the worst route in

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Speaker 1: its history and is now down in September, Apple six

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Speaker 1: point nine percent plunge wiped out almost a hundred and

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Speaker 1: forty billion dollars in market value on Tuesday, while it's

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Speaker 1: three days slide swells of fourteen percent, which is the

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Speaker 1: most in October two thousand and eight. So what what

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Speaker 1: do you attribute app the the movement from Tesla and Apple?

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Speaker 1: What do you attribute that to? So? I mean, technically,

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Speaker 1: you know, a correction, it's a ten percent down move,

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Speaker 1: a bear move is and so you've got a one

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Speaker 1: day bear move in Tesla today. That's a huge sell off.

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Speaker 1: It's it's worth remembering. I mean, these are the companies

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Speaker 1: that have really led this rally higher. They've driven NASDAK,

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Speaker 1: you know, up Um they were Nada was on the

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Speaker 1: year until this selloff started. Um they dragged the S

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Speaker 1: and P positive on the year, which you know, maybe

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Speaker 1: it has no right to be when you think about

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Speaker 1: everything that the U. S. Economy has gone through over

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Speaker 1: the last six months. Uh. And so you know, it's

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Speaker 1: always the natural occurrence, I think when UM these stocks

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Speaker 1: lead the way higher. And you know, Tesla even after

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Speaker 1: a down day today is probably still up over three

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Speaker 1: percent for the year. Probably UM, you know, Apple still

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Speaker 1: have any huge year even if they're given up UM

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Speaker 1: a lot of that over the last couple of days.

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Speaker 1: And so realistically, you know, I think you've got a

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Speaker 1: lot of UM, a lot of reason to to take

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Speaker 1: some profit in those names, UM because you know, maybe

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Speaker 1: they were ahead of themselves. Maybe they were um, you know,

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Speaker 1: pushed higher for you know, for different reasons than normal.

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Speaker 1: Maybe it's a bigger retail push um out of those

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Speaker 1: Robin Hood names. Maybe it's the story about UH, about

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Speaker 1: soft Bank and about um, you know, the huge nazdak

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Speaker 1: uh call bets that they were making. There are reasons

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Speaker 1: why the market you know, got a little bit ahead

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Speaker 1: of itself, or you know, fairly aggressively ahead of itself

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Speaker 1: and um and the names that take it higher, the

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Speaker 1: names that bring it back down, you know, it is.

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Speaker 1: It is fascinating. I was having a conversation with the

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Speaker 1: source earlier today just about what precisely, uh Wall Street,

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Speaker 1: Main Street are really looking off of. It felt a

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Speaker 1: couple of weeks ago that every every development was hanging

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Speaker 1: on news of a vaccine and the implementation of a vaccine.

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Speaker 1: Are they gonna have enough syringes, Are they gonna have

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Speaker 1: enough glass capsules? Are they gonna have enough freezers? You know?

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Speaker 1: And now there's a freezer shortage apparently um to to

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Speaker 1: to keep the medicine in. And then now it's the

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Speaker 1: volatility pertaining to November three in the election in US

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Speaker 1: postal service and of course China. What do you think,

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Speaker 1: Trevor Hanger? What do you think of Forbes? Tate is

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Speaker 1: really the one issue that markets are having to decipher

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Speaker 1: right now and and business owners are having to decipher

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Speaker 1: right now because there just seems to be a lot

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Speaker 1: of uncertainty, fiscal stimulus being one. I didn't even mention

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Speaker 1: that sure, so I think, you know, there's a difference there,

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Speaker 1: I think meaningfully between investors and business owners and that's

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Speaker 1: I think, you know, for for investors, I think one

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Speaker 1: of the major questions now is what continues to drive

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Speaker 1: markets higher from here. There's been a fair amount of

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Speaker 1: money that has stayed on the sidelines that has missed

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Speaker 1: this rally, and so for you know, just like there

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Speaker 1: are groups of people who are looking for excuse to

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Speaker 1: sell and got them over the last three or four days,

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Speaker 1: you know, there's still you know, investors out there who

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Speaker 1: are looking for reasons to buy in a ten or

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Speaker 1: eleven percent correction in the NASA could be that, you know,

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Speaker 1: that excuse. And so you know, I think if you're

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Speaker 1: an investor, you're really looking for, um, you know, a

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Speaker 1: solid foundation for why you think um, you know, valuations

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Speaker 1: make sense where they are after this big run up

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Speaker 1: in in August um and whether you think that there

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Speaker 1: is enough of an undercurrent in the market to keep

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Speaker 1: that going. Now. Obviously, you know the FED and all

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Speaker 1: of the actions that Chairman Pale have taken has taken

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Speaker 1: over the last six months. That's put a huge up

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Speaker 1: draft into this market as well. And you have to

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Speaker 1: believe that that that input, you know, that that FED

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Speaker 1: put as they call it, isn't going anywhere anytime soon. Um,

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Speaker 1: if your business owner, I think you have a much

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Speaker 1: different conversation to have, because you know, large slats of

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Speaker 1: the U. S economy seem to be really struggling. Still.

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Speaker 1: You're looking at unemployment even you know, after a really

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Speaker 1: strong unemployment report last Friday, you're still looking at eight

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Speaker 1: and a half percent unemployment. You're still looking at a

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Speaker 1: million new people every week filing initial jobless claims. You're

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Speaker 1: still looking at twenty nine million Americans, you know, getting

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Speaker 1: unemployment benefits of one kind or another on a weekly basis.

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Speaker 1: And you have to really ask yourself at a sector

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Speaker 1: by sector level, Uh, you know what is it? It's

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Speaker 1: going to keep my business uh moving along, getting better,

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Speaker 1: getting healthier. You know, as we get into the into

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Speaker 1: the fourth quarter here, and obviously you know you have

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Speaker 1: this huge overhang with discal stimulus. Are um, Congress gonna

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Speaker 1: gonna be able to work this out in time to

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Speaker 1: include it in the CR or not? I mean, that's

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Speaker 1: so very much an open one knows. No one knows, Trevor,

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Speaker 1: no one knows. I tried. Every day I wake up,

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Speaker 1: I tell Lisa, I tell Lisa bremon Witz, I said,

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Speaker 1: I feel like a rerun. I got nothing final question

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Speaker 1: for you before I let you go, and even so

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Speaker 1: generous with your time. Trevor Hangar with Forbes Tate Partners.

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Speaker 1: The politicization of the vaccination process. I mean, no matter

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Speaker 1: if you're a Republican or a Democrat, there's no escaping

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Speaker 1: that this whole entire thing has become politicized. If you're

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Speaker 1: a Democrat, your blame Republicans for the politicization. If you're

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Speaker 1: a Republican, you're blame in Democrats for the politicization. But

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Speaker 1: the politicization of the vaccination process, say that three times fast.

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Speaker 1: What does it mean for the markets? So yeah, I

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Speaker 1: think it's an important question. I think the statement put

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Speaker 1: out today by leading drug manufacturers is something to put

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Speaker 1: some you know, investors at ease, right to make sure

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Speaker 1: that there is no uh you know, there's no nefarious

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Speaker 1: or or um you know, or untoward decision making going

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Speaker 1: on around what gets approved and when, uh you know.

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Speaker 1: From an investor standpoint, I think it's important for um

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Speaker 1: for investors to see that there continues to be progress

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Speaker 1: being made, uh you know, just because you get a

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Speaker 1: vaccine improved approved on November one, I mean that obviously

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Speaker 1: has massive electoral implications potentially, um, but that doesn't get

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Speaker 1: the vaccine you know, into uh, you know, circulation on

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Speaker 1: November one, right, and that's really going to be the

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Speaker 1: huge thing. I have to I have to jump. But Trevor,

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Speaker 1: thanks so much. Would you come back on the show.

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Speaker 1: You're gonna You're gonna come back on. I'd love to

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Speaker 1: all right anytime? Yeah, thank you so much. That's Trevor Hanger.

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Speaker 1: He is, of course with Forbes Tate Partners. He is

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Speaker 1: uh strategic visor there in Washington, d C. And he

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Speaker 1: has a daily note that that chronicles all things. So yeah,

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Speaker 1: Trevor Hanger, he'll be back on coming up. We go

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Speaker 1: back to geopolitics. It's an all star panel. David S. A.

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Speaker 1: Fury joins us, the former Obama campaign form policy adviser.

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Speaker 1: What's going on with Kostovo and Adam Goodman, Republican media strategist.

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Speaker 1: D Republican media strategist. Are I say, uh, that's what's next?

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Speaker 1: On Bloomberg One, Why from our nations came how do

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

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Speaker 1: is impacting farmers? What does this do? From the United

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Speaker 1: States relationship with China Bloomberg Sound on, the insiders, the influencers.

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Speaker 1: We're responding to this crisis, and manufacturers are stepping up

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Speaker 1: like never before. We're looking at seveny candidates for different vactines.

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

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Speaker 1: never happens again? This is Bloomberg Sound on with Kevin's

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Speaker 1: relate on Bloomberg and one ohm HD two. President Trump

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Speaker 1: gets tough on China again, escalation and his rhetoric. What

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Speaker 1: does it mean for the policy? What does it mean

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Speaker 1: for the economy? Plus fiscal stimulus? Will there be fiscal stimulus?

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Speaker 1: Leader McConnell says they're going to vote on a skinny

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Speaker 1: bill as early as next week. What a Speaker Pelosi

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Speaker 1: have to say about that? She spoke exclusively to our

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Speaker 1: David Weston and Biden goes green? Or does he? Does

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Speaker 1: he go green? He's going to release an energy plan tomorrow.

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Speaker 1: I'll give you a preview. David Weston spoke to Speaker

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Speaker 1: Pelosi about the stimulus. Leader McConnell saying, there's gonna be

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Speaker 1: a skinny deal, skinny deal coming up as early as

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Speaker 1: next week. They're going to vote on it. It'll be interesting.

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Speaker 1: I'm gonna talk about the stimulus coming up, but with

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Speaker 1: again tonight at the big story, the big geo political story,

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Speaker 1: and that is President Trump escalating his rhetoric and his

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Speaker 1: policy on China. Yesterday, on holiday, the President, speaking at

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Speaker 1: the White House, offered some tough talk about what he's

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Speaker 1: calling potentially quote, decoupling of the world's two largest economies.

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Speaker 1: Take a listen to President Trump at the White House yesterday.

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Speaker 1: Here he is, So when you mentioned the word d couple,

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Speaker 1: it's uh, it's an interesting word. So we lose billions

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Speaker 1: of dollars, and if we didn't do business with him,

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Speaker 1: we would lose billions of dollars. It's called decoupling. So

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Speaker 1: you'll start thinking about it. The Biden wins, China wins,

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Speaker 1: because China will own this country. If Biden wins, China

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Speaker 1: will own this country. And hopefully you're not going to

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Speaker 1: be able to find that out. It's the most important

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Speaker 1: election in our history right now. That was President Trump

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Speaker 1: speaking at the White House yesterday, and then earlier this

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Speaker 1: morning in conversations with senior administration officials, the Trump administration

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Speaker 1: is telling me that they've banned imports from three companies

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Speaker 1: in the Shinjang region of China over Beijing's alleged repression

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Speaker 1: of the weaker Muslim minority group, and it plans to

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Speaker 1: add curbs on six more firms and target cotton, textiles, tomatoes,

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Speaker 1: the chips, and those inexpensive laptops that every all the

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Speaker 1: schools are using. And they're using what's known as a

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Speaker 1: withholding Release order a w r O, a w r OH,

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Speaker 1: and they're signing the the abuse of the Weakers as

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Speaker 1: as justification for this. So that's the lay of the

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Speaker 1: land as we enter into this shortened week. And I

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Speaker 1: welcome to the program to all stars, David to Fury,

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Speaker 1: who is a former Obama campaign form policy advisor, and

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Speaker 1: he's been all over the world. He's consulted with foreign

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Speaker 1: governments and a nose geopolitics better than anyone in this town.

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Speaker 1: And Adam Goodman, a Republican media strata just columnist and

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Speaker 1: a partner at Ballard Partners, which is based in Washington,

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Speaker 1: d C. David, it felt that over the holiday weekend,

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Speaker 1: typically in an election year, that geopolitics would take a

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Speaker 1: back seat, but this is an election unlike any other,

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Speaker 1: and China is front and center. I agree You wrote

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Speaker 1: a great article about this and what President Trump has done.

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Speaker 1: It's very interesting because President Trump's views on the economics

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Speaker 1: dispute with China have now coincided with generally America's views

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Speaker 1: on the human rights violations by China, in particular the

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Speaker 1: detention of Weakers in China, and he's now utilizing some

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Speaker 1: things in the law that allow him to punish Chinese

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Speaker 1: companies and Chinese officials who are in any way involved

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Speaker 1: with the detention of the weakers. The Weaker situation is abominable.

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Speaker 1: As you know, there's lots of reporting on this, but

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Speaker 1: it's great that President Trump is focusing on it. Of course,

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Speaker 1: there's some politics involved. President Trump wants to make China

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Speaker 1: issue an issue. He thinks that the winning issue for

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Speaker 1: him in November because he has taken a tough stance

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Speaker 1: on China, although I would know that he hasn't really

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Speaker 1: identified how the Biden approach to China would be any different.

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Speaker 1: And I would also know that Biden and Biden's team

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Speaker 1: announced two weeks ago they do believe China's treatment of

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Speaker 1: the Weakers is genocide. So I imagine the Biden administration

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Speaker 1: if Biden one would take a similar stance on these issues.

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Speaker 1: It is when when words like that are thrown around,

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Speaker 1: I mean they're not thrown around, I mean they're they're

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Speaker 1: carefully chosen. And so it is it does feel like

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Speaker 1: a significant escalation out of goodman coming here because typically

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Speaker 1: geopolitics does take a back seat, but in this cycle,

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Speaker 1: China is front and center. Well you know, you you

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Speaker 1: know the expression the elephant in the room with China,

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Speaker 1: of course, it's the Canada in the road. Just what

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Speaker 1: I just have to throw it out there, Um, what

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Speaker 1: what we've got? What we really have here? Uh? Is

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Speaker 1: the first American president I think David you know, would

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Speaker 1: agree with at least some of this. The first American

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Speaker 1: president has really put it to the Chinese government. Uh.

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Speaker 1: Obviously a lot of its economic but you know, we

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Speaker 1: are a civilization and economy that operates in quarters called

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Speaker 1: three month quarters. They operate in twenty five year you know,

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Speaker 1: quarter centuries. And so this is the first time anyone

426
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Speaker 1: in American leadership has really fully called them on the

427
00:25:35,280 --> 00:25:37,600
Speaker 1: carpet on a number of fronts and said we're not

428
00:25:37,640 --> 00:25:40,200
Speaker 1: going to put up with this anymore. And you know,

429
00:25:40,320 --> 00:25:43,480
Speaker 1: you're looking at the coupling, you're looking at thevest divesture

430
00:25:43,720 --> 00:25:48,280
Speaker 1: movements that are starting to game scheme scheme rather especially

431
00:25:48,800 --> 00:25:54,080
Speaker 1: in American colleges and universities UM and all the abandoned imports.

432
00:25:54,560 --> 00:25:57,480
Speaker 1: But the question for all of us is is it

433
00:25:57,640 --> 00:25:59,800
Speaker 1: was it Is it okay for us to continue down

434
00:25:59,840 --> 00:26:04,200
Speaker 1: the path of letting frankly the Chinese government and leadership

435
00:26:04,600 --> 00:26:06,520
Speaker 1: just kind of walk all over us or do we

436
00:26:06,600 --> 00:26:08,120
Speaker 1: have to call him on it? And in a way

437
00:26:08,200 --> 00:26:11,879
Speaker 1: the weaker's glad David brought that into play. That's another

438
00:26:12,080 --> 00:26:14,760
Speaker 1: important element of all this. So it's not just about

439
00:26:15,080 --> 00:26:17,879
Speaker 1: well one of the farmers have to freak out about

440
00:26:17,960 --> 00:26:21,040
Speaker 1: in the Midwest this week that maybe on the this

441
00:26:21,240 --> 00:26:24,879
Speaker 1: is so smart at Figger, it's so much bigger. I mean,

442
00:26:24,960 --> 00:26:27,119
Speaker 1: it's so much bigger. And I think the you know,

443
00:26:27,200 --> 00:26:29,879
Speaker 1: in the conversation here in the Beltway with the in

444
00:26:29,960 --> 00:26:33,520
Speaker 1: the Beltway media, I think is expanding that conversation. But

445
00:26:33,600 --> 00:26:36,640
Speaker 1: you're so spot on because it really was such small ball.

446
00:26:36,720 --> 00:26:39,920
Speaker 1: It felt like for months, especially about a year and

447
00:26:39,960 --> 00:26:42,359
Speaker 1: a half ago, when that was really the how the U. S.

448
00:26:42,440 --> 00:26:45,920
Speaker 1: China relations were being framed. But you know, David Adam

449
00:26:46,000 --> 00:26:50,960
Speaker 1: makes a fascinating point in the sense of Uh that

450
00:26:51,760 --> 00:26:54,040
Speaker 1: the actions that the administration took today with the withholding

451
00:26:54,080 --> 00:26:56,320
Speaker 1: Release orders w r O s through the Department of

452
00:26:56,359 --> 00:27:00,399
Speaker 1: Homeland Security, can Concinelli shop over there? Uh? You know it?

453
00:27:00,920 --> 00:27:03,760
Speaker 1: It essentially is going to touch everything from Hollywood hair

454
00:27:03,880 --> 00:27:09,920
Speaker 1: products to the chips in students in expensive laptops, which

455
00:27:10,000 --> 00:27:12,880
Speaker 1: is already a shortage on and I note the shortage,

456
00:27:13,160 --> 00:27:16,399
Speaker 1: and then textiles and and and designer duds. You know,

457
00:27:16,520 --> 00:27:20,159
Speaker 1: the top name brands that get of China's exports come

458
00:27:20,160 --> 00:27:23,160
Speaker 1: from the Xinjang region and thirty percent of US imports,

459
00:27:23,520 --> 00:27:26,800
Speaker 1: uh come for clothing come from China. So how do

460
00:27:26,880 --> 00:27:29,520
Speaker 1: you get in a global economy? David si Fury, with

461
00:27:29,600 --> 00:27:32,080
Speaker 1: all of your world travels and all of your geopolitical knowledge,

462
00:27:32,359 --> 00:27:36,000
Speaker 1: how do you make sure that if the US tries

463
00:27:36,080 --> 00:27:40,200
Speaker 1: to tries to, you know, implement this, they just don't

464
00:27:40,240 --> 00:27:42,800
Speaker 1: go to the Communist Party, just doesn't go to another

465
00:27:42,840 --> 00:27:45,159
Speaker 1: back channel, say I don't know, through South America or

466
00:27:45,200 --> 00:27:49,280
Speaker 1: Latin America to get around the rules, or you know,

467
00:27:49,359 --> 00:27:52,119
Speaker 1: if there is divester sures that they don't you know,

468
00:27:52,320 --> 00:27:54,440
Speaker 1: go to the Hong Kong market or the Singapore market.

469
00:27:54,520 --> 00:27:57,560
Speaker 1: How do we make sure that well, I'm sure China

470
00:27:57,720 --> 00:28:00,200
Speaker 1: is going to try to do that, but we're talking

471
00:28:00,200 --> 00:28:04,640
Speaker 1: about massive amounts of imports and it would be impossible

472
00:28:04,720 --> 00:28:08,320
Speaker 1: for it to continue at that rate if the Trump

473
00:28:08,320 --> 00:28:14,399
Speaker 1: administration follows through and enforces these decisions. So what China

474
00:28:14,600 --> 00:28:16,440
Speaker 1: is also going to have to do is find new

475
00:28:16,520 --> 00:28:19,640
Speaker 1: markets for some of these products. And of course China

476
00:28:19,800 --> 00:28:23,280
Speaker 1: is likely to retaliate against the United States and against

477
00:28:23,640 --> 00:28:27,639
Speaker 1: companies in the US that sell American products into China.

478
00:28:27,760 --> 00:28:31,760
Speaker 1: That will be probably their main response. But this is

479
00:28:31,800 --> 00:28:34,040
Speaker 1: a wake up call for American companies who have done

480
00:28:34,080 --> 00:28:37,080
Speaker 1: business in the area where the weakers are located. And

481
00:28:37,359 --> 00:28:40,120
Speaker 1: you'll note another thing that's been in the news is

482
00:28:40,240 --> 00:28:43,160
Speaker 1: this Disney film move on, which we're going to talk about.

483
00:28:43,520 --> 00:28:45,520
Speaker 1: Let's actually I'm gonna I'm gonna hold you right there

484
00:28:45,520 --> 00:28:47,720
Speaker 1: because we're gonna talk about Mulan. That is very much

485
00:28:48,120 --> 00:28:51,080
Speaker 1: on my radar. I went and saw Tenant, David. I

486
00:28:51,160 --> 00:28:53,920
Speaker 1: saw Tenant, which I don't understand. I went back to

487
00:28:54,000 --> 00:28:56,640
Speaker 1: the movies I have my mask. I had to google

488
00:28:56,720 --> 00:28:58,960
Speaker 1: it for about a half hour after I saw it

489
00:28:59,040 --> 00:29:02,680
Speaker 1: because I truly do not understand that movie. But it's great.

490
00:29:02,720 --> 00:29:05,160
Speaker 1: I'll see anything Golden makes Kevin se really Moore next

491
00:29:05,240 --> 00:29:07,920
Speaker 1: your look, you're listening to Bloomberg ninety nine one. You're

492
00:29:08,000 --> 00:29:11,840
Speaker 1: listening to Bloomberg Sound On with Kevin Surrele on Bloomberg

493
00:29:12,920 --> 00:29:16,200
Speaker 1: and one oh five point seven FM HD two. So

494
00:29:16,320 --> 00:29:20,320
Speaker 1: I went back to the movie theaters over the weekend

495
00:29:20,400 --> 00:29:25,760
Speaker 1: holiday weekend, Saul Tenant, Christopher Nolan, and I didn't understand

496
00:29:25,800 --> 00:29:30,160
Speaker 1: any of it. Loved it, great movie. Didn't understand any

497
00:29:30,280 --> 00:29:33,360
Speaker 1: of it. I mean, I still don't, but I watched

498
00:29:33,400 --> 00:29:37,160
Speaker 1: a bunch of YouTube videos on it and Christopher Nolan.

499
00:29:37,240 --> 00:29:39,080
Speaker 1: I mean, to be a fly on the wall and

500
00:29:39,200 --> 00:29:44,440
Speaker 1: Christopher Nolan's brain, it would be remarkable, It would be remarkable.

501
00:29:44,520 --> 00:29:46,960
Speaker 1: My name is Kevin Cereli. I'm the chief Washington correspondent

502
00:29:47,000 --> 00:29:50,080
Speaker 1: for Bloomberg Television and for Bloomberg Radio. You know you'll

503
00:29:50,080 --> 00:29:53,520
Speaker 1: wear the mask in the in the movie theater, it's

504
00:29:53,600 --> 00:29:56,600
Speaker 1: like every other other seat, so, I mean, it's a

505
00:29:56,680 --> 00:30:00,760
Speaker 1: big theater. So I didn't feel, you know, it's I was.

506
00:30:01,360 --> 00:30:04,360
Speaker 1: I was keeping with Virginia's laws, like I didn't, you know,

507
00:30:04,520 --> 00:30:07,840
Speaker 1: break any rules. David's the Furies on former Obama campaign

508
00:30:07,960 --> 00:30:11,840
Speaker 1: for Him policy advisor Adam Goodman, Republican media strategist, columnists

509
00:30:11,880 --> 00:30:16,920
Speaker 1: and partner, columnists and partner at Ballard Partners in Washington. David,

510
00:30:16,960 --> 00:30:21,280
Speaker 1: have you been back to the movies? I have not,

511
00:30:22,040 --> 00:30:23,959
Speaker 1: and I probably need to go soon because I think

512
00:30:24,000 --> 00:30:27,720
Speaker 1: I've watched everything on netflip. But I have started. I

513
00:30:27,840 --> 00:30:31,520
Speaker 1: started away with the Hilary Swank on on Netflix. It's

514
00:30:31,560 --> 00:30:33,800
Speaker 1: it's pretty interesting. You know. I love space stuff. Adam,

515
00:30:33,880 --> 00:30:35,840
Speaker 1: Are you going back to the movies? Are you saying

516
00:30:35,880 --> 00:30:39,200
Speaker 1: it not yet? Not yet? What was David? I mean,

517
00:30:39,240 --> 00:30:41,520
Speaker 1: I kind of ran out of things that to watch

518
00:30:41,600 --> 00:30:43,600
Speaker 1: on Netflix. I went back and watched them again. So

519
00:30:43,920 --> 00:30:46,840
Speaker 1: I went with the whole series of the Office again,

520
00:30:46,960 --> 00:30:50,680
Speaker 1: the whole leven seasons. Whatever was it was fantastic. Oh

521
00:30:50,760 --> 00:30:53,720
Speaker 1: my god. I would do that. I would do that

522
00:30:53,920 --> 00:30:57,240
Speaker 1: even if there wasn't a pandemic. So Tenant made I

523
00:30:57,320 --> 00:31:00,800
Speaker 1: want to go back to this Mulan thing. Tenant made. Uh.

524
00:31:01,440 --> 00:31:03,160
Speaker 1: How much money here it is I have in front

525
00:31:03,200 --> 00:31:07,360
Speaker 1: of me on my Bloomberg terminal. Uh, it's it's grossed

526
00:31:07,400 --> 00:31:10,800
Speaker 1: over a hundred more than a hundred million dollars in

527
00:31:10,880 --> 00:31:17,200
Speaker 1: international markets, including thirty million in UH in China. Uh.

528
00:31:17,560 --> 00:31:20,680
Speaker 1: And it costs to report a two hundred mill so

529
00:31:21,440 --> 00:31:24,520
Speaker 1: it gross twenty million here in America, which is not

530
00:31:24,720 --> 00:31:27,360
Speaker 1: that good. So a lot of folks are a little

531
00:31:27,400 --> 00:31:32,080
Speaker 1: bit uneasy. But Mulan is thrust into controversy. Tell us

532
00:31:32,120 --> 00:31:36,320
Speaker 1: why Mulan disn't these pluses? Mulan is is thrust into controversy,

533
00:31:36,400 --> 00:31:41,480
Speaker 1: David to fury. So Mulan was filmed in the area

534
00:31:41,560 --> 00:31:45,440
Speaker 1: of China where the leakers are located and where they've

535
00:31:45,480 --> 00:31:49,400
Speaker 1: been put into detention camps. Uh, it's hard to imagine

536
00:31:49,440 --> 00:31:52,880
Speaker 1: that the makers of the film didn't realize it when

537
00:31:52,920 --> 00:31:55,640
Speaker 1: they made the film, and they should have seen this

538
00:31:55,720 --> 00:31:59,040
Speaker 1: as a potential problem. But it's even more astounding, and

539
00:31:59,120 --> 00:32:01,120
Speaker 1: this is what sited a lot of the news articles,

540
00:32:01,280 --> 00:32:04,080
Speaker 1: is the credit in the movie actually give thanks to

541
00:32:04,200 --> 00:32:08,400
Speaker 1: the local authorities in this area for letting them film there.

542
00:32:08,400 --> 00:32:10,800
Speaker 1: It's the same local authorities that are responsible for putting

543
00:32:10,840 --> 00:32:14,480
Speaker 1: some people into these detention camps or you know, shepherding

544
00:32:14,520 --> 00:32:17,680
Speaker 1: them into the detention camp. So it's pretty astounding for Disney,

545
00:32:17,720 --> 00:32:20,360
Speaker 1: the maker of the movie, it is really remarkable coming

546
00:32:20,480 --> 00:32:23,760
Speaker 1: on on this Adam Goodman, I mean, for you know,

547
00:32:24,160 --> 00:32:26,560
Speaker 1: they say, you know how they say life imitates art.

548
00:32:26,600 --> 00:32:29,640
Speaker 1: I mean, you know, this is just too close an

549
00:32:29,680 --> 00:32:32,920
Speaker 1: analogy to ignore. But it's interesting that you bring up

550
00:32:32,960 --> 00:32:37,080
Speaker 1: the words move on because there's another major story right

551
00:32:37,120 --> 00:32:39,760
Speaker 1: now having to do with move on dot org, which

552
00:32:39,800 --> 00:32:43,680
Speaker 1: I think you probably solve kind of. I'm saying, moolin,

553
00:32:44,960 --> 00:32:52,080
Speaker 1: not move on, Mooline. I'm going right to move on it.

554
00:32:52,640 --> 00:32:55,280
Speaker 1: And I think it's worthy of talking about because move

555
00:32:55,320 --> 00:33:01,360
Speaker 1: On just called for massive public unrest if things don't

556
00:33:01,440 --> 00:33:04,480
Speaker 1: go their way in this election. In the fall, they're

557
00:33:04,480 --> 00:33:09,200
Speaker 1: talking about occupying space, shutting things down for weeks and necessary. Uh.

558
00:33:09,480 --> 00:33:14,200
Speaker 1: They're talking about, you know, basically doing whatever is necessary

559
00:33:14,360 --> 00:33:17,720
Speaker 1: to disrupt the country. Uh, if they don't like what's

560
00:33:17,760 --> 00:33:20,360
Speaker 1: about to come down. So that may not be the rule.

561
00:33:20,400 --> 00:33:22,880
Speaker 1: And you're talking about uh in the movie. But this

562
00:33:23,080 --> 00:33:26,040
Speaker 1: is a real life horror film. I think that we

563
00:33:26,160 --> 00:33:30,280
Speaker 1: may be witness bearing witness too. Not long from today. Well,

564
00:33:30,320 --> 00:33:33,040
Speaker 1: happy post Labor Day weekend to you too, Adam Goodman.

565
00:33:33,200 --> 00:33:36,000
Speaker 1: All right, let's move on to fiscal Let's move on

566
00:33:36,160 --> 00:33:39,240
Speaker 1: to fiscal stimulus, because there appears to be somewhat of

567
00:33:39,320 --> 00:33:43,840
Speaker 1: a breakthrough maybe. Uh. And what Leader McConnell is having

568
00:33:43,880 --> 00:33:49,000
Speaker 1: to say about the fiscal stimulus, and they unveiled today

569
00:33:49,160 --> 00:33:54,760
Speaker 1: they're slim down coronavirus fiscal stimulus bill. Uh. And here's

570
00:33:54,840 --> 00:33:57,520
Speaker 1: what Speaker of the House, Nancy Pelosi. Here's Speaker Pelosi,

571
00:33:57,600 --> 00:33:59,840
Speaker 1: what she told my colleague David Weston here to this,

572
00:34:00,440 --> 00:34:04,640
Speaker 1: what they have is so meager that it insults the

573
00:34:04,720 --> 00:34:08,520
Speaker 1: intelligence of the American people. Does not solve the problem,

574
00:34:08,880 --> 00:34:11,840
Speaker 1: and it is not. Again, we know that we have

575
00:34:12,000 --> 00:34:14,920
Speaker 1: to compromise, We know we have to negotiate in order

576
00:34:14,960 --> 00:34:17,719
Speaker 1: to reach an agreement. We all want an agreement, make

577
00:34:17,840 --> 00:34:21,840
Speaker 1: no mistake about that. But get serious, get real, Mitch McConnell.

578
00:34:22,200 --> 00:34:26,680
Speaker 1: So she's saying, get serious, get real, uh, Adam Gidman,

579
00:34:26,920 --> 00:34:29,279
Speaker 1: I mean, the Republican bill features some aspects of the

580
00:34:29,320 --> 00:34:31,839
Speaker 1: trillion dollar proposal that they put forth a month ago.

581
00:34:32,280 --> 00:34:35,240
Speaker 1: And it's expected though, to cost between five hundred billion

582
00:34:35,320 --> 00:34:38,600
Speaker 1: and seven hundred billion dollars. Is that is that the

583
00:34:39,000 --> 00:34:41,680
Speaker 1: most that that leader McConnell can get to without having

584
00:34:41,719 --> 00:34:44,279
Speaker 1: to give up and have some Republicans break from the ranks.

585
00:34:44,320 --> 00:34:47,400
Speaker 1: I mean, that's still a lot of money. Isn't amazing

586
00:34:47,440 --> 00:34:50,880
Speaker 1: that when you say five seven hundred billion dollars that

587
00:34:51,000 --> 00:34:55,279
Speaker 1: count small, and you know, talking Troyons, it doesn't really count. Um.

588
00:34:55,680 --> 00:34:58,440
Speaker 1: You know, we just like all of us, we've kind

589
00:34:58,440 --> 00:35:00,920
Speaker 1: of taken on COVID night seen on the fly. We

590
00:35:01,040 --> 00:35:03,319
Speaker 1: never didn't have a textbook on this. We didn't kind

591
00:35:03,360 --> 00:35:07,200
Speaker 1: of know exactly the best steps to take. We just

592
00:35:07,440 --> 00:35:09,600
Speaker 1: knew the steps we felt we had to take when

593
00:35:09,680 --> 00:35:11,720
Speaker 1: we had to take them. This is not a small

594
00:35:11,840 --> 00:35:15,360
Speaker 1: bill McConnell is talking about. I know that Speaker Pelosi

595
00:35:15,840 --> 00:35:18,400
Speaker 1: is complaining about it, but you know, you're talking about

596
00:35:18,600 --> 00:35:21,680
Speaker 1: you know, three hundred billion and federal age. We're talking

597
00:35:21,719 --> 00:35:25,440
Speaker 1: about three and more a week, and unemployment benefits and PPE.

598
00:35:26,239 --> 00:35:28,840
Speaker 1: And this isn't the end of the line. This is

599
00:35:28,920 --> 00:35:31,719
Speaker 1: just the next installment as we start to figure out

600
00:35:31,840 --> 00:35:35,680
Speaker 1: how to fully reactivate an economy that was operating on

601
00:35:35,760 --> 00:35:38,960
Speaker 1: all cylinders not all that long ago. So I think

602
00:35:39,040 --> 00:35:42,000
Speaker 1: this is a story to be continued. Uh. And I

603
00:35:42,080 --> 00:35:44,600
Speaker 1: don't think in terms of the election, Uh, this is

604
00:35:44,640 --> 00:35:48,280
Speaker 1: going to be as as important and ingredients and voters

605
00:35:48,360 --> 00:35:51,839
Speaker 1: minds as other things that are now hit the front burner. Uh.

606
00:35:52,239 --> 00:35:54,919
Speaker 1: David lan on that on that stimulus fight, which could

607
00:35:54,960 --> 00:35:56,440
Speaker 1: get a vote as early as this week or next

608
00:35:56,480 --> 00:35:59,279
Speaker 1: week for the for the Republican version in the Senate. Yeah,

609
00:35:59,320 --> 00:36:01,400
Speaker 1: it could get a vote, but it sounds like the

610
00:36:01,760 --> 00:36:04,600
Speaker 1: bill is dead on arrival. It's not even clear that

611
00:36:04,680 --> 00:36:08,560
Speaker 1: McConnell's going to be able to get Republicans and his

612
00:36:08,760 --> 00:36:11,759
Speaker 1: caucus to support it and get to votes. It will

613
00:36:11,840 --> 00:36:16,040
Speaker 1: never get to sixty votes that it needs to to

614
00:36:16,200 --> 00:36:20,080
Speaker 1: not be stopped by the Democrats. And it's really small

615
00:36:20,200 --> 00:36:23,680
Speaker 1: compared to what the Democrats in the House past. You know,

616
00:36:23,800 --> 00:36:28,239
Speaker 1: people are calling it the skinny stimulus, humor is calling

617
00:36:28,280 --> 00:36:31,680
Speaker 1: it emaciated. So it's it's not going to pass. I

618
00:36:31,800 --> 00:36:34,840
Speaker 1: guess it's perhaps going to move the dialogue further. What

619
00:36:35,800 --> 00:36:38,640
Speaker 1: really confusing to me is you would think the Republicans

620
00:36:38,719 --> 00:36:41,320
Speaker 1: would want to step up and have a much larger

621
00:36:41,440 --> 00:36:47,640
Speaker 1: bill because people are suffering so much. Duty pandemics going yeah,

622
00:36:47,920 --> 00:36:50,560
Speaker 1: we're not to leave it there more next, we'll come

623
00:36:50,600 --> 00:36:52,799
Speaker 1: back more. Sorry you cut out. This is Kevin sil

624
00:36:52,840 --> 00:37:07,920
Speaker 1: you're listening to Bloomberg. You're listening to Bloomberg. Sound On

625
00:37:08,120 --> 00:37:12,120
Speaker 1: with Kevin Surley on Bloomberg and one oh five point

626
00:37:12,200 --> 00:37:15,759
Speaker 1: seven f m HD two. They're worried if there's gonna

627
00:37:15,840 --> 00:37:20,400
Speaker 1: be a shortage on freezer's because they're prepping for hundreds

628
00:37:20,440 --> 00:37:26,160
Speaker 1: of millions of vaccines in the marketplace, hopefully by the

629
00:37:26,360 --> 00:37:28,520
Speaker 1: first quarter next year. But you need to where do

630
00:37:28,600 --> 00:37:31,200
Speaker 1: you put a vaccine. You put a vaccine in a freezer.

631
00:37:31,920 --> 00:37:34,360
Speaker 1: So first it was the tests, that it was the

632
00:37:34,440 --> 00:37:37,080
Speaker 1: mass and the ppe. Remember all that. Well, now it's

633
00:37:37,160 --> 00:37:40,680
Speaker 1: the freezers, the syringes, the glass cases and the like.

634
00:37:41,880 --> 00:37:44,320
Speaker 1: That's where we're at. Plus a red headline crossing the

635
00:37:44,320 --> 00:37:47,840
Speaker 1: Bloomberg terminal. I'm Kevin's really chief Washington correspondent for Bloomberg

636
00:37:47,840 --> 00:37:52,000
Speaker 1: Television and for Bloomberg Radio. According to stats News, Astra

637
00:37:52,080 --> 00:37:55,920
Speaker 1: Zeneca COVID nineteen vaccine study has been put on hold

638
00:37:56,360 --> 00:38:01,680
Speaker 1: due to suspected adverse reaction and participant in the u K.

639
00:38:02,880 --> 00:38:08,680
Speaker 1: Congressman Max Rose is a Democrat from New York City

640
00:38:09,320 --> 00:38:13,800
Speaker 1: and he is also a member of the House Committee

641
00:38:13,840 --> 00:38:21,880
Speaker 1: on Homeland Security the Subcommittee on Emergency Preparedness, Response and Recovery. Congressman,

642
00:38:22,480 --> 00:38:26,880
Speaker 1: you know, it seems like this vaccination process has been politicized.

643
00:38:27,000 --> 00:38:29,600
Speaker 1: I know, I know, you know, Democrats blame Republicans, Republicans

644
00:38:29,640 --> 00:38:32,520
Speaker 1: blame Democrats. But how do we get to a place

645
00:38:32,560 --> 00:38:36,000
Speaker 1: where we trust that there's a vaccine. We celebrate the science,

646
00:38:36,280 --> 00:38:42,040
Speaker 1: and we put this pandemic behind us. You couldn't get

647
00:38:42,080 --> 00:38:49,359
Speaker 1: Michael Cohen on um always, you know always. Here's though.

648
00:38:49,719 --> 00:38:52,040
Speaker 1: I was so proud of that intro, and then bam,

649
00:38:52,200 --> 00:38:59,399
Speaker 1: the congressman brings me right back down to earth. Go ahead, place.

650
00:38:59,719 --> 00:39:03,800
Speaker 1: Let everything is getting politicized today, and it's ridiculous. The

651
00:39:03,880 --> 00:39:08,920
Speaker 1: President United States used a terminology very early on in

652
00:39:09,040 --> 00:39:11,960
Speaker 1: COVID that is stuck with me. He said, this is

653
00:39:12,000 --> 00:39:14,319
Speaker 1: a moment of war. It's a moment of total war.

654
00:39:14,640 --> 00:39:17,160
Speaker 1: In fact. Well, if that is the case, which I

655
00:39:17,239 --> 00:39:20,919
Speaker 1: believe it is, then we don't politicize war. In fact,

656
00:39:21,000 --> 00:39:24,120
Speaker 1: what we have in wars solidarity, a strategy, and a

657
00:39:24,239 --> 00:39:29,000
Speaker 1: full allocation of resources. Uh. Nothing seems to be immune

658
00:39:29,000 --> 00:39:32,319
Speaker 1: from politics today. Now here's what we should be doing

659
00:39:32,719 --> 00:39:35,680
Speaker 1: when it comes to this pandemic. And it's really three things.

660
00:39:35,760 --> 00:39:39,240
Speaker 1: And three things most especially one, we've got it safely

661
00:39:39,360 --> 00:39:42,880
Speaker 1: but nonetheless robustly, race to this vaccine, treating it like

662
00:39:42,960 --> 00:39:46,400
Speaker 1: the Apollo Project of our day. The second is is

663
00:39:46,480 --> 00:39:48,120
Speaker 1: that we have got to make sure that there's a

664
00:39:48,280 --> 00:39:53,279
Speaker 1: full and adequate availability of PPE and other critical resources.

665
00:39:53,360 --> 00:39:56,640
Speaker 1: So that we can also start to open up um

666
00:39:57,000 --> 00:40:01,799
Speaker 1: open this economy up. I'm particularly thinking about our our restaurants.

667
00:40:02,239 --> 00:40:06,600
Speaker 1: And then lastly, it is testing. Okay, we can't think

668
00:40:06,600 --> 00:40:09,040
Speaker 1: about it this way. Everyone's saying we're guaranteed to get

669
00:40:09,040 --> 00:40:10,920
Speaker 1: a vaccine. We're going to get a vaccine. They're just

670
00:40:11,000 --> 00:40:14,520
Speaker 1: thinking about when you can't take guarantees in this day

671
00:40:14,560 --> 00:40:17,239
Speaker 1: and age. We can test our way out of this

672
00:40:17,440 --> 00:40:20,600
Speaker 1: crisis as well. If you're doing something like fifty million

673
00:40:20,680 --> 00:40:23,600
Speaker 1: tests a day, which is merely a matter of technology

674
00:40:23,680 --> 00:40:27,840
Speaker 1: and resource allocation, then you can quickly identify new cases

675
00:40:28,080 --> 00:40:30,680
Speaker 1: and isolate them. The All these things are within the

676
00:40:30,760 --> 00:40:33,840
Speaker 1: realm of possibility. Why is it that the NBA is

677
00:40:33,880 --> 00:40:36,520
Speaker 1: thinking of new ways to test people? It should be

678
00:40:36,640 --> 00:40:39,120
Speaker 1: a major cities, are major states, and most especially the

679
00:40:39,239 --> 00:40:42,240
Speaker 1: federal government. We shouldn't be reducing the number of tests.

680
00:40:42,640 --> 00:40:45,000
Speaker 1: I want to tell of this, we should be increasing them.

681
00:40:45,239 --> 00:40:47,759
Speaker 1: Congress and maxwells online. He's a Democrat from New York.

682
00:40:47,840 --> 00:40:49,680
Speaker 1: He knows a thing or two about the military. He

683
00:40:49,880 --> 00:40:52,000
Speaker 1: served in the U. S. Army as a platoon leader

684
00:40:52,360 --> 00:40:55,360
Speaker 1: in the war in Afghanistan, and he was awarded a

685
00:40:55,400 --> 00:40:57,160
Speaker 1: bronze star in a purple heart. I want to go

686
00:40:57,239 --> 00:40:59,320
Speaker 1: to the restaurants in New York City because you know,

687
00:40:59,480 --> 00:41:01,279
Speaker 1: I mean you New Yorkers up there in the in

688
00:41:01,360 --> 00:41:04,719
Speaker 1: the Big Apple are having a debate over these restaurants.

689
00:41:04,760 --> 00:41:06,719
Speaker 1: Where do you stand in this debate? And catch us

690
00:41:06,800 --> 00:41:10,919
Speaker 1: up to speed, because it's it's really really interesting. Look

691
00:41:10,960 --> 00:41:15,160
Speaker 1: the ball. You would say, under normal circumstances in a

692
00:41:15,200 --> 00:41:17,800
Speaker 1: place like New York City, that the ball is in

693
00:41:17,920 --> 00:41:20,640
Speaker 1: the mayor's court. It's not. This mayor at this point

694
00:41:20,719 --> 00:41:23,520
Speaker 1: needs to consider irrelevant. He was the worst mayor in

695
00:41:23,560 --> 00:41:26,040
Speaker 1: the history of this great country. So the ball is

696
00:41:26,120 --> 00:41:29,640
Speaker 1: really in the governor's court, Okay, And the governor needs

697
00:41:29,800 --> 00:41:32,919
Speaker 1: to as quickly as possible circumvent the mayor and get

698
00:41:33,120 --> 00:41:35,680
Speaker 1: our restaurants in New York City open. I'll be at

699
00:41:35,719 --> 00:41:39,920
Speaker 1: a reduced capacity open for indoor dining. Everyone says, this

700
00:41:40,040 --> 00:41:42,280
Speaker 1: is a matter of science. This is a matter of science.

701
00:41:42,560 --> 00:41:46,240
Speaker 1: Look at the numbers. Indoor dining is open on Long Island.

702
00:41:46,360 --> 00:41:49,600
Speaker 1: Indoor dining is open in Westchester. Indoor dining is open

703
00:41:49,719 --> 00:41:52,800
Speaker 1: virtually the rest of you don't understand the justification. What

704
00:41:52,960 --> 00:41:55,640
Speaker 1: is the What is the justification? Because if kids are

705
00:41:55,680 --> 00:41:59,400
Speaker 1: going back to school, or if I don't, I be

706
00:41:59,600 --> 00:42:02,160
Speaker 1: able to. You can send your six year old to

707
00:42:02,320 --> 00:42:05,560
Speaker 1: elementary school, but you can't sit inside and eat chicken

708
00:42:05,640 --> 00:42:09,239
Speaker 1: parm Why I don't. I don't. At this point, I

709
00:42:09,360 --> 00:42:13,880
Speaker 1: am baffled. I am mystified, because our restaurants are on

710
00:42:14,000 --> 00:42:18,560
Speaker 1: the brink of of death, of death. And this is

711
00:42:18,600 --> 00:42:21,239
Speaker 1: not just the restaurant owners, as important as they are,

712
00:42:21,600 --> 00:42:24,400
Speaker 1: it's the people who are working for them too. We

713
00:42:24,560 --> 00:42:29,160
Speaker 1: have got to get them open. This makes zero sense.

714
00:42:29,520 --> 00:42:34,399
Speaker 1: No wonder people hate our politics. Wonder people are leaving

715
00:42:34,480 --> 00:42:36,440
Speaker 1: New York City. To be honest, I mean, if you

716
00:42:36,480 --> 00:42:38,800
Speaker 1: can't even go out, not even trying to be funny

717
00:42:39,280 --> 00:42:44,360
Speaker 1: like a hundred a hundred percent. New York City's competitive

718
00:42:44,360 --> 00:42:47,480
Speaker 1: advantage is the fact that people want to be there,

719
00:42:48,239 --> 00:42:50,400
Speaker 1: you know, And that's what attracts businesses. That's that's what

720
00:42:50,520 --> 00:42:54,800
Speaker 1: attracts tourism. It's that dynamism. Then we're are carrying it.

721
00:42:55,520 --> 00:42:58,719
Speaker 1: All New York City is asking for is to be

722
00:42:58,880 --> 00:43:01,680
Speaker 1: treated like the rest of the state. When I go

723
00:43:01,760 --> 00:43:05,640
Speaker 1: down to Washington, d C. They have higher COVID numbers

724
00:43:05,680 --> 00:43:08,960
Speaker 1: in New York City and they have indoor dining. If

725
00:43:09,280 --> 00:43:13,080
Speaker 1: if people are in a particularly vulnerable population, or if

726
00:43:13,120 --> 00:43:16,120
Speaker 1: they're afraid or whatever it might be. God bless you.

727
00:43:16,480 --> 00:43:18,920
Speaker 1: No one's forcing you to go out to a restaurant.

728
00:43:20,120 --> 00:43:23,440
Speaker 1: Come come November, people are going to want to do

729
00:43:23,560 --> 00:43:26,120
Speaker 1: indoor dining anymore, Certainly not the numbers that we're seeing

730
00:43:26,280 --> 00:43:29,680
Speaker 1: right now. These restaurants make their money in the late fall.

731
00:43:31,040 --> 00:43:34,200
Speaker 1: We need to get this done. You've got to look

732
00:43:34,239 --> 00:43:38,000
Speaker 1: at depending economic destruction. And I know this feels than

733
00:43:38,080 --> 00:43:40,239
Speaker 1: the owners. This feels like small. But even like where

734
00:43:40,280 --> 00:43:41,880
Speaker 1: I go every day to get my cup of coffee

735
00:43:41,920 --> 00:43:46,359
Speaker 1: and the mayor here is making everyone that the server

736
00:43:46,480 --> 00:43:48,360
Speaker 1: has to get the coffee, I can't. And I know

737
00:43:48,480 --> 00:43:50,520
Speaker 1: it's small bo but I'm thinking to myself, if more

738
00:43:50,600 --> 00:43:52,439
Speaker 1: people are touching my cup of coffee in the morning,

739
00:43:52,520 --> 00:43:55,360
Speaker 1: isn't that me more people could potentially spread the germs

740
00:43:55,440 --> 00:43:57,920
Speaker 1: Like I just feel like there's all this faulty logic.

741
00:43:58,160 --> 00:43:59,719
Speaker 1: It gets in my head and then I overthink it

742
00:43:59,800 --> 00:44:01,200
Speaker 1: and then I move on because I had my coffee.

743
00:44:01,400 --> 00:44:03,640
Speaker 1: I want to move onto China because I know because

744
00:44:03,680 --> 00:44:06,360
Speaker 1: you're someone who Congressman Rose, You're you're very much in

745
00:44:06,600 --> 00:44:10,080
Speaker 1: in all of these important conversations. What how do how

746
00:44:10,120 --> 00:44:12,960
Speaker 1: do you think a Biden administration would deal with China,

747
00:44:13,080 --> 00:44:17,359
Speaker 1: would deal with the Communist Party of China. Well, uh, well,

748
00:44:17,400 --> 00:44:19,120
Speaker 1: I'll tell you what I think they should be doing

749
00:44:19,280 --> 00:44:22,440
Speaker 1: and what I will be advocating for. You cannot treat

750
00:44:22,719 --> 00:44:25,520
Speaker 1: China as if it is a friend, and you certainly

751
00:44:25,680 --> 00:44:28,680
Speaker 1: can't assume that China is going to do the right thing.

752
00:44:28,920 --> 00:44:31,600
Speaker 1: Everyone else has been practicing free trade, at least certainly

753
00:44:31,680 --> 00:44:34,440
Speaker 1: the United States of America has. China has been practicing

754
00:44:34,480 --> 00:44:39,000
Speaker 1: a neo mercantilist policies where it's subsidizing its state owned businesses,

755
00:44:39,160 --> 00:44:43,040
Speaker 1: it's artificially lowering its currency values, and so on and

756
00:44:43,120 --> 00:44:46,840
Speaker 1: so forth, giving itself unfair advantage, killing our workers in

757
00:44:46,920 --> 00:44:50,160
Speaker 1: the process. It's actively stealing our I p and it

758
00:44:50,320 --> 00:44:54,840
Speaker 1: is actively actively trying to steal our vaccine technology. But

759
00:44:54,960 --> 00:44:59,319
Speaker 1: in order to treat realistically, to treat China as if

760
00:44:59,400 --> 00:45:01,600
Speaker 1: it is not a not necessarily an enemy, but not

761
00:45:01,760 --> 00:45:05,160
Speaker 1: a friend, you have to build alliances, and we we

762
00:45:05,360 --> 00:45:09,080
Speaker 1: have to rebuild those alliances, both in East Asia, Southeast

763
00:45:09,120 --> 00:45:12,320
Speaker 1: Asia as well as in Europe. All of those alliances

764
00:45:12,400 --> 00:45:15,840
Speaker 1: are critical so you can build a global system that

765
00:45:16,040 --> 00:45:19,120
Speaker 1: then China needs to be a part of But we

766
00:45:19,320 --> 00:45:22,400
Speaker 1: can't just turn a blind eye any longer to what

767
00:45:22,640 --> 00:45:25,480
Speaker 1: China is doing. What the problem with the Democratic Party

768
00:45:25,640 --> 00:45:29,920
Speaker 1: is though there's a Democratic party, just it's foreign policy. Basically,

769
00:45:30,040 --> 00:45:31,600
Speaker 1: rest right now and say, well, I'm going to do

770
00:45:31,680 --> 00:45:34,319
Speaker 1: the opposite of what Donald Trump is doing. Donald Trump

771
00:45:34,400 --> 00:45:37,719
Speaker 1: wants to leave Afghanistan. Suddenly Democrats want to stay in Afghanistan.

772
00:45:38,160 --> 00:45:41,080
Speaker 1: You want to leave. Seriously, Democrats want to stay there.

773
00:45:41,280 --> 00:45:43,640
Speaker 1: He wants to be tough on China with tarists. Now

774
00:45:43,680 --> 00:45:47,560
Speaker 1: the Democrats hate all tariffs. It's ridiculous. It's ridiculous. I

775
00:45:47,600 --> 00:45:49,480
Speaker 1: don't want to see us to go back to the nineties,

776
00:45:49,800 --> 00:45:51,600
Speaker 1: go back to the early aughts in terms of our

777
00:45:51,680 --> 00:45:54,719
Speaker 1: relationship with China. We have to look forward. This is

778
00:45:54,719 --> 00:45:57,840
Speaker 1: a new day and China is our closest peer competitor.

779
00:45:58,160 --> 00:46:00,200
Speaker 1: We have to act like that. Yes, this is is

780
00:46:00,600 --> 00:46:03,520
Speaker 1: a non zero sum game, but only to a certain extent.

781
00:46:03,960 --> 00:46:08,239
Speaker 1: If a competition for jobs, for innovation as well as

782
00:46:08,280 --> 00:46:11,160
Speaker 1: for economic growth, I start acting like it. When America

783
00:46:11,200 --> 00:46:14,399
Speaker 1: puts its mind to competing, nobody out competes us. Because

784
00:46:14,400 --> 00:46:17,640
Speaker 1: I'll tell you this, we remain the magnets for the

785
00:46:17,680 --> 00:46:21,839
Speaker 1: best and the brightest. Congresson Max Firs come down here

786
00:46:22,000 --> 00:46:24,480
Speaker 1: and we'll have some chicken palm, Democrat from New York.

787
00:46:24,520 --> 00:46:27,319
Speaker 1: Always appreciate your time, sir, thank you, thank you for calling.

788
00:46:27,360 --> 00:46:29,920
Speaker 1: Coming up next, Butts on the Panels radar, that's congresson

789
00:46:30,000 --> 00:46:33,400
Speaker 1: Max Firth, Democrat from New York. I always enjoy those interviews.

790
00:46:33,600 --> 00:46:35,759
Speaker 1: I always actually feel like he answers the questions. I'm

791
00:46:35,840 --> 00:46:45,200
Speaker 1: Kevin Sirelli. You're listening to Bloomberg. You're listening to Bloomberg.

792
00:46:45,320 --> 00:46:49,400
Speaker 1: Sound On with Kevin Sirel on Bloomberg and one oh

793
00:46:49,480 --> 00:46:52,839
Speaker 1: five point seven f M h D two. My name

794
00:46:52,960 --> 00:46:56,120
Speaker 1: is Kevin Cirelli. I am the chief fashion and correspondent

795
00:46:56,160 --> 00:47:01,879
Speaker 1: from Bloomberg Television and Bloomberg Radio. Lots to get through

796
00:47:01,920 --> 00:47:06,000
Speaker 1: on the front Joe Biden, and Joe Biden is going

797
00:47:06,040 --> 00:47:12,800
Speaker 1: to release or announce an energy proposal sometime uh tomorrow,

798
00:47:13,560 --> 00:47:16,279
Speaker 1: we'll bring you that. He's gotta got to navigate this

799
00:47:16,920 --> 00:47:21,000
Speaker 1: centrist tension with the Democratic socialist tension for acting a

800
00:47:21,080 --> 00:47:23,640
Speaker 1: big issue in Pennsylvania. So that's very much what we're

801
00:47:23,640 --> 00:47:26,279
Speaker 1: gonna be talking about likely tomorrow. But who knows what

802
00:47:26,360 --> 00:47:30,200
Speaker 1: these breaking news stories astro astra Zeneca shares following on

803
00:47:30,320 --> 00:47:32,040
Speaker 1: that report that I told you about earlier in the

804
00:47:32,120 --> 00:47:35,720
Speaker 1: hour of the vaccine trial set back reading from the terminal.

805
00:47:35,760 --> 00:47:39,800
Speaker 1: Astra Zeneca US traded shares declined sharply Tuesday following a

806
00:47:39,880 --> 00:47:43,400
Speaker 1: report that a study of the British drugmakers COVID nineteen

807
00:47:43,520 --> 00:47:47,239
Speaker 1: vaccine had been put on hold. In late trading in

808
00:47:47,320 --> 00:47:49,920
Speaker 1: New York, shares of Astra Zeneca fell as much as

809
00:47:49,960 --> 00:47:53,600
Speaker 1: eight point three pc after STAT reported that the company

810
00:47:53,680 --> 00:47:57,200
Speaker 1: had paused its coronavirus vaccine trial due to a suspected

811
00:47:57,320 --> 00:48:00,520
Speaker 1: adverse reaction and a trial participant in the UK. There's

812
00:48:00,520 --> 00:48:03,879
Speaker 1: like a hundred and thirty plus vaccines that are UH

813
00:48:04,440 --> 00:48:08,080
Speaker 1: and being research worldwide. Nine are in development. I guess

814
00:48:08,120 --> 00:48:11,160
Speaker 1: eight now if aster Rezonica is put on hold. All right,

815
00:48:11,239 --> 00:48:14,359
Speaker 1: So that's what's up to speed in this half hour.

816
00:48:14,600 --> 00:48:16,520
Speaker 1: Now it's time for my favorite part of the show.

817
00:48:17,000 --> 00:48:21,000
Speaker 1: What is on the panels or radar? David Tafiury, former

818
00:48:21,080 --> 00:48:25,759
Speaker 1: Obama Campaign for Him policy advisor Adam Goodman, Republican media strategist,

819
00:48:25,840 --> 00:48:28,680
Speaker 1: columnists and partner and Ballard Partners in Washington, d C.

820
00:48:29,239 --> 00:48:33,120
Speaker 1: All right, Adam, you know what's on? Adam Goodman's radar.

821
00:48:35,360 --> 00:48:40,120
Speaker 1: They're wonderful word debate. I can't wait to get to

822
00:48:40,160 --> 00:48:43,440
Speaker 1: the debate. And so we're we're obviously we're twenty one

823
00:48:43,520 --> 00:48:47,240
Speaker 1: days out today from the first debate at Case Western Reserve,

824
00:48:47,280 --> 00:48:50,879
Speaker 1: which main Joe Biden in the president. Uh. The first

825
00:48:50,960 --> 00:48:54,640
Speaker 1: major debate, as you know Kevin in two thousand sixteen

826
00:48:55,040 --> 00:48:58,480
Speaker 1: in the fall, generated eighty one million prs. My guess

827
00:48:58,600 --> 00:49:00,879
Speaker 1: is this is gonna get close to a hundred million.

828
00:49:01,360 --> 00:49:04,759
Speaker 1: So if you have at a hundred million viewers uh

829
00:49:04,960 --> 00:49:08,360
Speaker 1: tuning into this debate. There are two things, in my opinion,

830
00:49:08,560 --> 00:49:11,000
Speaker 1: and David might have a totally seperate opinion on this,

831
00:49:11,560 --> 00:49:14,800
Speaker 1: that are keeping Joe Biden up at night. One is

832
00:49:15,400 --> 00:49:19,080
Speaker 1: that there might be more connocious out there that would

833
00:49:19,080 --> 00:49:22,520
Speaker 1: continue to put h security on the front burner as

834
00:49:22,560 --> 00:49:25,440
Speaker 1: a major, maybe wedge issue in this campaign. But the

835
00:49:25,520 --> 00:49:28,080
Speaker 1: other one is more personal, and that is, am I

836
00:49:28,160 --> 00:49:30,000
Speaker 1: gonna blow it? He's seeing to himselves, am I gonna

837
00:49:30,040 --> 00:49:33,000
Speaker 1: blow it? In this debate? Uh? He has. You could

838
00:49:33,040 --> 00:49:35,319
Speaker 1: say that Joe Biden has a lot of strengths. One

839
00:49:35,400 --> 00:49:40,080
Speaker 1: of them, uh, by a look at his history, that

840
00:49:40,320 --> 00:49:43,320
Speaker 1: is not on that list is debating and for ninety

841
00:49:43,360 --> 00:49:45,319
Speaker 1: minutes without a break. He's gonna have to go up

842
00:49:45,360 --> 00:49:48,520
Speaker 1: against the president not once, but three times. Uh. That's

843
00:49:48,560 --> 00:49:51,719
Speaker 1: what I'm looking forward to. As the polls in all

844
00:49:51,960 --> 00:49:55,280
Speaker 1: of the battle ground states are starting to move closer

845
00:49:55,440 --> 00:49:58,440
Speaker 1: and closer to margin of air, which is what the

846
00:49:58,520 --> 00:50:01,520
Speaker 1: only polls that really count. As we see Joe Biden

847
00:50:01,640 --> 00:50:04,640
Speaker 1: up six points eight points, it doesn't matter, he's only

848
00:50:05,080 --> 00:50:11,120
Speaker 1: he's margin of air in Ohio, Wisconsin, North Carolina, Florida, Michigan. Uh.

849
00:50:11,800 --> 00:50:14,359
Speaker 1: And that keeps him up at night when he thinks

850
00:50:14,400 --> 00:50:17,319
Speaker 1: about the debates, and maybe those are the moments. As

851
00:50:17,480 --> 00:50:19,520
Speaker 1: much as I've been in this game a long time,

852
00:50:19,920 --> 00:50:22,200
Speaker 1: as much as you plan for them, as much as

853
00:50:22,280 --> 00:50:25,640
Speaker 1: you coach the principle for them, there is a wonderful

854
00:50:25,719 --> 00:50:29,800
Speaker 1: thing called live which you can't completely control. And I

855
00:50:29,920 --> 00:50:33,600
Speaker 1: think that's the thing that is most bedeviling Joe Biden.

856
00:50:34,200 --> 00:50:37,400
Speaker 1: H today, tonight, tomorrow, and up until the first debate

857
00:50:38,000 --> 00:50:42,719
Speaker 1: onset September. It. Uh. The debates are going to be

858
00:50:42,920 --> 00:50:47,200
Speaker 1: absolutely fascinating. Chris Wallace, Fox News as the first one,

859
00:50:47,360 --> 00:50:52,400
Speaker 1: so it will be remarkable just to see what happens

860
00:50:52,480 --> 00:50:55,279
Speaker 1: and the politic ing and the posturing that goes on.

861
00:50:55,480 --> 00:50:57,279
Speaker 1: I mean, you know, I'm such a nerd. I hope

862
00:50:57,320 --> 00:50:59,600
Speaker 1: they talked to some policy that's a great one. I mean,

863
00:50:59,600 --> 00:51:01,279
Speaker 1: the debates are gonna be so crucial, and there's a

864
00:51:01,320 --> 00:51:04,200
Speaker 1: pull out of Florida today that has it a dead

865
00:51:04,239 --> 00:51:06,040
Speaker 1: heat neck and neck. I think it's like one or

866
00:51:06,080 --> 00:51:10,000
Speaker 1: two percentage points spread. I mean it's it's totally totally

867
00:51:10,320 --> 00:51:13,279
Speaker 1: locked in Florida. So the all important state, the swing

868
00:51:13,400 --> 00:51:16,759
Speaker 1: state of Florida. Alright, so David to Fury, what is

869
00:51:16,880 --> 00:51:20,880
Speaker 1: on your radar? Well, first of all, let's say I agree.

870
00:51:20,920 --> 00:51:23,000
Speaker 1: I think the debates are gonna be fascinating. I can't

871
00:51:23,000 --> 00:51:26,279
Speaker 1: wait till they happen. I think Biden is probably less

872
00:51:26,360 --> 00:51:29,360
Speaker 1: nervous than Adam thinks about the debates because he's experienced.

873
00:51:29,640 --> 00:51:32,399
Speaker 1: Doesn't mean there aren't, you know, some pitfalls for him.

874
00:51:32,600 --> 00:51:35,080
Speaker 1: But Trump should be nervous too. He's down to a

875
00:51:35,160 --> 00:51:38,520
Speaker 1: lot more rides on the debates for President Trump. The

876
00:51:38,600 --> 00:51:41,439
Speaker 1: thing that's on my mind is what came out last week.

877
00:51:41,520 --> 00:51:47,040
Speaker 1: Sticking with foreign policy, President Trump announced this treaty or

878
00:51:47,719 --> 00:51:51,919
Speaker 1: warming of relations between Serbia and Kosovo. It's a good

879
00:51:52,080 --> 00:51:55,920
Speaker 1: thing that the Trump administration focused on this you remember

880
00:51:56,040 --> 00:51:59,359
Speaker 1: that they fought a war. There was a genocide by

881
00:51:59,440 --> 00:52:02,359
Speaker 1: Serbia against coast of ours. We had to get involved there.

882
00:52:02,760 --> 00:52:07,000
Speaker 1: So it's a positive that there is a warming of relations.

883
00:52:07,440 --> 00:52:11,000
Speaker 1: But if you look behind the announcement, which created a

884
00:52:11,040 --> 00:52:14,640
Speaker 1: lot of potentially positive publicity for President Trump, there's really

885
00:52:14,680 --> 00:52:17,800
Speaker 1: not much there. The two sides didn't even sign a

886
00:52:17,960 --> 00:52:20,759
Speaker 1: unified statement, and the things that they agreed to do

887
00:52:20,880 --> 00:52:23,400
Speaker 1: were things that they had already previously agreed to do.

888
00:52:23,520 --> 00:52:26,200
Speaker 1: So you have to wonder was this another publicity stunts

889
00:52:26,239 --> 00:52:29,919
Speaker 1: by President Trump to try and show something in terms

890
00:52:30,000 --> 00:52:34,440
Speaker 1: of foreign policy accomplishments as we get closer to November, Well,

891
00:52:34,480 --> 00:52:35,960
Speaker 1: do you think that they're even going to enforce it?

892
00:52:36,040 --> 00:52:38,319
Speaker 1: At Biden wins, I mean, is there any is there

893
00:52:38,360 --> 00:52:41,239
Speaker 1: any incentive for either side, and not just that deal,

894
00:52:41,320 --> 00:52:45,000
Speaker 1: but also the Israel one as well. With you A, yeah,

895
00:52:45,160 --> 00:52:49,520
Speaker 1: I think the Israel part of both deals is you know,

896
00:52:49,600 --> 00:52:53,879
Speaker 1: potentially problematic, particularly with the coasts of a Serbia deal

897
00:52:54,000 --> 00:52:58,359
Speaker 1: because both country agreed. Countries agreed to put their embassies

898
00:52:58,600 --> 00:53:01,040
Speaker 1: in Jerusalem, which is a high button figure and something

899
00:53:01,120 --> 00:53:04,960
Speaker 1: that probably the Biden administration doesn't necessarily support, not because

900
00:53:05,160 --> 00:53:08,440
Speaker 1: they don't support Jerusalem in Israel, but they know that

901
00:53:08,560 --> 00:53:11,120
Speaker 1: this is something that is a hot button issue for Palestinians.

902
00:53:11,280 --> 00:53:13,200
Speaker 1: And the goal is really to get the Israelis and

903
00:53:13,239 --> 00:53:18,440
Speaker 1: Palestinians back together on a dialogue about peace, and that

904
00:53:18,800 --> 00:53:21,440
Speaker 1: can only happen if there's compromised by both sides. So

905
00:53:21,760 --> 00:53:26,040
Speaker 1: we'll see, yeah, well, well, I mean that's that's a good. Uh,

906
00:53:26,680 --> 00:53:28,480
Speaker 1: that's a good. You know, we're gonna have to wait

907
00:53:28,520 --> 00:53:30,600
Speaker 1: and see. Here's what's on my radar. And I don't

908
00:53:30,640 --> 00:53:33,959
Speaker 1: think it's gotten nearly. In any other pre pandemic world,

909
00:53:34,000 --> 00:53:35,600
Speaker 1: this would have been the big story of the summer.

910
00:53:36,000 --> 00:53:41,720
Speaker 1: The fires in California. UM, it is really, really, really crazy,

911
00:53:41,920 --> 00:53:44,680
Speaker 1: and I'm reading from the ap Helicopters flew through dense

912
00:53:44,719 --> 00:53:48,120
Speaker 1: smoke Tuesday to rescue scores more people from wildfires as

913
00:53:48,160 --> 00:53:51,960
Speaker 1: wind fan flames kept chewing through a bone dry California

914
00:53:52,040 --> 00:53:55,520
Speaker 1: after scorching Labor Day weekend. That's all dramatic airlift of

915
00:53:55,640 --> 00:53:57,920
Speaker 1: more than two hundred. More than two hundred people in

916
00:53:58,000 --> 00:54:02,640
Speaker 1: California were helicoptered out, folks. Think about that. Rescue ch

917
00:54:03,080 --> 00:54:05,920
Speaker 1: chapters then pulled another a hundred and sixty four people

918
00:54:06,440 --> 00:54:09,600
Speaker 1: from the Sierra National Forest through the morning, and we're

919
00:54:09,640 --> 00:54:13,560
Speaker 1: working to rescue seventeen others. This according to Democratic Governor

920
00:54:13,600 --> 00:54:16,839
Speaker 1: Gavin Newsom, who had the pilots had to wear night

921
00:54:16,920 --> 00:54:20,200
Speaker 1: vision goggles to find a place to land because of

922
00:54:20,239 --> 00:54:23,279
Speaker 1: all the smokes. Think of how staggering this is. They've

923
00:54:23,400 --> 00:54:27,120
Speaker 1: California has already set the record with nearly two point

924
00:54:27,239 --> 00:54:32,040
Speaker 1: three million acres burned this year. More than two point

925
00:54:32,200 --> 00:54:37,080
Speaker 1: three million acres burned this year, and the worst part

926
00:54:37,239 --> 00:54:42,399
Speaker 1: of the wildfire season is just beginning. The wildfires out

927
00:54:42,440 --> 00:54:45,719
Speaker 1: in California, folks. I mean, it is really really remarkable.

928
00:54:45,800 --> 00:54:50,279
Speaker 1: That's on my radar, uh and it's just devastating what's

929
00:54:50,320 --> 00:54:53,759
Speaker 1: what's happening out there in California with these wildfires two

930
00:54:53,800 --> 00:54:57,160
Speaker 1: point three million acres and the worst of the wildfire

931
00:54:57,239 --> 00:55:01,120
Speaker 1: season hasn't even begun. Many of your fearing this could

932
00:55:01,120 --> 00:55:04,600
Speaker 1: be the worst wildfire season for California that they've seen,

933
00:55:05,040 --> 00:55:08,279
Speaker 1: that they've seen and they're rescuing. It's just really really,

934
00:55:08,360 --> 00:55:11,719
Speaker 1: really uh intense tragedy. Quickly, I have got to ask

935
00:55:11,760 --> 00:55:14,239
Speaker 1: the panel their favorite Christopher Nolan film when we have

936
00:55:14,320 --> 00:55:16,480
Speaker 1: sixty seconds, So you gotta go quick Adam, what's your

937
00:55:16,480 --> 00:55:22,480
Speaker 1: favorite Christopher Nolan Flick? Favorite Christopher Nolan Flick. I am

938
00:55:22,600 --> 00:55:26,960
Speaker 1: so consumed with the movie called The Reelection of Donald Trump.

939
00:55:27,880 --> 00:55:31,800
Speaker 1: Very little other movies, but I can't tell you his

940
00:55:31,920 --> 00:55:35,160
Speaker 1: movies going very well? All right, And David, your favorite

941
00:55:35,239 --> 00:55:40,440
Speaker 1: Nolan Flick? What did he do Joker? Yes, he did

942
00:55:40,520 --> 00:55:43,719
Speaker 1: the Joker? Yes, no, he did well. He did the

943
00:55:43,760 --> 00:55:46,600
Speaker 1: trilogy of Batman, which is the best Batman. Okay, so

944
00:55:46,760 --> 00:55:49,719
Speaker 1: not the right crowd, I get it, Okay, Mine is Interstellar.

945
00:55:50,000 --> 00:55:52,040
Speaker 1: Interstellar is one of my all time, if not my

946
00:55:52,239 --> 00:55:55,040
Speaker 1: all time favorite movie. So I think Interstellar is great

947
00:55:55,040 --> 00:55:56,200
Speaker 1: and go watch it if you haven't seen it. I

948
00:55:56,239 --> 00:55:58,719
Speaker 1: saw like five times in imax. It was so good.

949
00:55:58,800 --> 00:56:02,320
Speaker 1: Interstellar took me to stars. I'm Kevin Sarelli, Cheap Washington

950
00:56:02,360 --> 00:56:05,840
Speaker 1: correspondent for Bloomberg TV and Bloomberg Radio, Huge Space Nerd.

951
00:56:06,600 --> 00:56:09,640
Speaker 1: You're listening to Bloomberg one