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Speaker 1: Live from Our Nation's 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 from 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 kennidates 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 one and one oh five point seven

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Speaker 1: fm h D two, Policy, Politics and Plexiglass. I'm live

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Speaker 1: in Salt Lake City with a complete preview of the

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Speaker 1: vice presidential debate. We've got every angle covered, plus the

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Speaker 1: latest on fiscal stimulus talks. You don't want to miss

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Speaker 1: that either. Lots to get through Mike Pence versus Kamala

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Speaker 1: Harris stakes have never been higher. Folks. The Trump campaign, well,

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Speaker 1: they need to change the trajectory of this race. Senator Harris.

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Speaker 1: She needs to arm up the support from the left.

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Speaker 1: She also has to uh, really, it's a reintroduction of

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Speaker 1: sorts for a national audience and both of them, with

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Speaker 1: health so much at the forefront of this debate, of

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Speaker 1: this race. Really both of them have to truly pass

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Speaker 1: that Commander in Chief test. Just being a heartbeat away

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Speaker 1: from the presidency. Meanwhile, tons of news back home in Washington,

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Speaker 1: d C. And that's why I'm so grateful to have

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Speaker 1: my colleague josh Win Grove joining us on the telephone

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Speaker 1: line to give us an update. All Right, Josh, the

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Speaker 1: President went back to the Oval Office today, give us

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Speaker 1: the latest houses health, and then let's turn to fiscal

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Speaker 1: stimulus talks. Well, there's two things. That's how they say

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Speaker 1: his health is and what we know about his health.

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Speaker 1: They say his health is fine. They say he's feeling great.

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Speaker 1: This is six days after his diagnosis. Back in the

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Speaker 1: Oval Office, they say they're taking extra precautions, for instance,

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Speaker 1: full Ppe for his keep of staff Mark Meadows, and

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Speaker 1: uh senior aide Dance Cavino, who are said to be

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Speaker 1: in the room with them. No one else is allowed

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Speaker 1: in the room with them. So actually they're trying to

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Speaker 1: say everything's good. But in terms of what we actually know,

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Speaker 1: I mean, we haven't seen him since Monday. Uh. The

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Speaker 1: sounds like he might record some kind of a video. Again,

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Speaker 1: he hasn't appeared in public since Monday. Typical COVID patients

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Speaker 1: would just now be entering the sort of crossroads of

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Speaker 1: their case. We do not know what his specific vital

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Speaker 1: signs are. They released that Monday, they didn't do that today.

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Speaker 1: We do not know if he's still taking a steroid,

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Speaker 1: and if he is, how long he'll take it for.

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Speaker 1: It's a lot of open questions on this, but they're

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Speaker 1: trying to at least, you know, give off some sense

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Speaker 1: of normalcy. But you know, in doing so, we now

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Speaker 1: have you know, two COVID patients living in the White House,

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Speaker 1: President and the first Lady, one of whom is now

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Speaker 1: going between the residents and the Oval office in the

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Speaker 1: West Wing, which you know potentially raises, of course, the

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Speaker 1: chances of transmission. Well you know this, I mean from

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Speaker 1: all your your coverage. I mean, so much of these

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Speaker 1: debates are a lot of pomp and circumstances. Uh and

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Speaker 1: and a lot of political jib jabs back and forth. Uh.

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Speaker 1: And they're fighting over plexiglass in terms of whether or

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Speaker 1: not a plexiglass up on the stage tonight, We're gonna

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Speaker 1: dive into it. In fact, I spoke earlier today with

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Speaker 1: Los Angeles Mayor Eric Garcetti, big Lakers fan, but he's

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Speaker 1: gonna dive into that coming up in the next hour.

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Speaker 1: I'll play for you in my interview with Mayor Garcetti.

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Speaker 1: Let me ask you about the fiscal stimulus talks. So

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Speaker 1: let's get the policy away from all the side show.

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Speaker 1: What do we know is are the negotiations negotiations back

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Speaker 1: on or what's going on? Well, it looks like they're

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Speaker 1: trying to do some kind of piecemeal deal, but a

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Speaker 1: Nancy Pelosi's position is a little unclear. She's, you know,

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Speaker 1: encouraging the White Dose two back, a bill that she

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Speaker 1: hasn't frankly shown all that much support for herself. But

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Speaker 1: comprehensive stimulus still looks like it's off the table. Whether

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Speaker 1: they can try to meet again on something that, for instance,

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Speaker 1: on airlines Trump's talks book sending checks to every American,

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Speaker 1: you know, policy hasn't wanted to do it Ala cart

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Speaker 1: like that because she wants a comprehensive package. She doesn't

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Speaker 1: want to give Republicans what they want in little bits

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Speaker 1: and pieces. So it's a little bit up in the air.

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Speaker 1: It doesn't frankly look great. I think Wall Street is

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Speaker 1: can distantly overestimated the views income Capitol Hill of how

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Speaker 1: how big a chance those of getting done. So I

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Speaker 1: don't know, you know, I frankly, I don't see a

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Speaker 1: lot of hope for the doctor. Continue. Well, I'm glad

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Speaker 1: you brought up Speaker Pelosi because she went on the

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Speaker 1: View earlier today ABC's the View, uh, to talk about

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Speaker 1: fiscal stimulus. Here she is on the view. He's just

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Speaker 1: again rebounding from a terrible mistake that he made yesterday,

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Speaker 1: and the Republicans in Congress we're going down the drain

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Speaker 1: with him on that. Now. I hear that she's also

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Speaker 1: going to be speaking tomorrow with our David Weston on

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Speaker 1: Bloomberg Television, So look out for that cross platform because

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Speaker 1: Speaker Pelosi will be appearing on Bloomberg TV. Okay, So

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Speaker 1: you know there's a lot of confusion, even from Speaker

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Speaker 1: Pelosi's perspective. You've got Mark Meadows, the president chief of Staff,

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Speaker 1: saying earlier that they want to have a more piecemeal approach. Uh.

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Speaker 1: I mean I I spoke with some staffers today on

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Speaker 1: the back and do you see on the Hill, and

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Speaker 1: they were confused as to what's going on? I mean,

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Speaker 1: is this all to me? What is the argument you're

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Speaker 1: hearing that they're making for calling to talks off, especially

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Speaker 1: when there appears to be a significant dip for the

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Speaker 1: president in the polls for the election. Yeah. Normally, you know,

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Speaker 1: political leaders, no matter the stripe, love to send money

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Speaker 1: to people before an election. Is usually they're trying to

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Speaker 1: find ways to do that. You know, people are mystified,

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Speaker 1: Like Republican sources, you know, it's a bit mixed. Some

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Speaker 1: of the more physical hawk types are applauding it, but

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Speaker 1: you've seen some speak out saying they think it's a

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Speaker 1: bad idea, and privately, you know, I'm sure you're hearing

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Speaker 1: the same Kevin, Like, you know, they're sort of wondering

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Speaker 1: what is the deal here? You know, what what is

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Speaker 1: the president hoping to achieve? In the bottom line, though,

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Speaker 1: is I'm not sure that there was much of a

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Speaker 1: chance of these things that anyway, Like, I don't know

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Speaker 1: that the Senate, the Republicans of the Senate, we're ever

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Speaker 1: going to get to a number that Democrats in the

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Speaker 1: House could swallow or vice versa. And in which case,

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Speaker 1: you know, I think Trump said, well, there's no point

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Speaker 1: in keeping doing this if it's not going to lean anywhere.

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Speaker 1: But you know, it would have been less politically risky

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Speaker 1: for Trump arguably to just let it die out on

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Speaker 1: it done. Now he sort of planted a flag in

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Speaker 1: and so you know, people would be easier for Democrats

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Speaker 1: the point to him and say, well, Trumps the one

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Speaker 1: who called off talk. So the reason why not getting

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Speaker 1: any help if your fction noticed any help with extra employment,

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Speaker 1: I see the small business that you own, because there,

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Speaker 1: you know, help isn't coming around the corner anytime soon.

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Speaker 1: You know. Trump has really made this this issue and

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Speaker 1: I you know, I wonder if that will back for it.

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Speaker 1: Suppose it's too early to tell, but it's just a wave.

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Speaker 1: As you mentioned of discouraging polls right now for the president. Well,

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Speaker 1: let's talk about some of those Pollsipiac has the president

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Speaker 1: trailing Joe Biden in Pennsylvania as well as Florida by

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Speaker 1: double digits. It also has some trailing to Joe Biden

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Speaker 1: in in Iowa by five percentage points. That's a state

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Speaker 1: that President Trump carried by ten percentage points against Hillary

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Speaker 1: Clinton back The ramification is not just at the top

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Speaker 1: of the tick. It there's ramifications for the Senate for

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Speaker 1: the House Senator John Ards with versus Teresa Greenfield in Iowa.

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Speaker 1: I mean, that's it's just it's really fascinating to watch

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Speaker 1: the dynamics of this, which brings us right here to

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Speaker 1: Salt Lake City a state mind you or Senator Mike Lee,

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Speaker 1: Republican is recovering from COVID nineteenis a member of the

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Speaker 1: Senator Fdiciary Committee. What are you hearing from your sources,

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Speaker 1: Josh about what the president is going to be watching

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Speaker 1: for tonight as his vice president debate Senator Harris. I mean,

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Speaker 1: you know he's tuned in. You can't help himself, but

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Speaker 1: tune in. Uh, you know, I I don't know. I mean,

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Speaker 1: I I air a little bit towards team. Debates don't

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Speaker 1: matter that much. But I've been eating my words a

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Speaker 1: bit because the polls do seem to have moved after

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Speaker 1: the president the debate with Joe Biden. But you know,

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Speaker 1: it's the presidential debates don't matter that m A VP

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Speaker 1: debate definitely don't matter that much. But I do think

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Speaker 1: we're gonna see a lot of issues come up. I

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Speaker 1: think I think Senator Harris is gonna make this a

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Speaker 1: lot about COVID. I think that they know that every

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Speaker 1: time the topic is on COVID, they are winning. I

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Speaker 1: think that's why this sort of like the last thing

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Speaker 1: has dragged out. Uh and Mike Pants. Mike Pants a

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Speaker 1: good debater, right, I don't think people give him a

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Speaker 1: credit for that. Kamala Harris is a good debater as well.

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Speaker 1: So I think I think we'll see pretty polished performances

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Speaker 1: from the two, which means I think we probably won't

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Speaker 1: see a knock a punch from either of them, which

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Speaker 1: means I'm not sure there'll be that many memorable line

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Speaker 1: But you know, I think I think you know, Pence

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Speaker 1: has routinely found a way to sort of stick thread

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Speaker 1: the needle between sort of saying Trump is m things

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Speaker 1: and not quite the same, shall we say, charged the

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Speaker 1: way to the president, he kind of says it in

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Speaker 1: and he tried to he put a bit of a

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Speaker 1: spoother edge on the same policy. Josh, is the president

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Speaker 1: think he's losing this race? That's a great question. A

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Speaker 1: lot of people don't know the answer to that. I

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Speaker 1: certainly don't know the answer to that, but you know,

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Speaker 1: he's sewing distrust in the outcome of it, and that

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Speaker 1: would indicate that he doesn't believe what he sees, right,

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Speaker 1: I mean he thinks that overstating mail and voting and

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Speaker 1: so forth. Well, do you think that this is inner circle?

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Speaker 1: Do the sources that you talked to do they think

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Speaker 1: that he's that he's uh losing the strace the sources

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Speaker 1: that I talked to, I would say it's a mixed bag.

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Speaker 1: I think some of them think they're down and others

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Speaker 1: don't believe the polls, and I mean that's kind of

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Speaker 1: you know, expected, but I'm curious for for what you're gathering. Yeah,

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Speaker 1: I think, I think I think the majority of them

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Speaker 1: think that they are, you know, worst position now than

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Speaker 1: they were a week or two ago. For four years ago,

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Speaker 1: is not going in the right direction as for four

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Speaker 1: years ago. Yeah, definitely a lot of Republicans believe that

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Speaker 1: the polls are way off, and you know that is

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Speaker 1: you know, giving them paused now. But you know, four

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Speaker 1: years ago they were poles that showed Hillary Clinton with

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Speaker 1: big leads, but not at this stage the margin. It's

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Speaker 1: conclusingly seeing Josh, I gotta let you go. Thank you

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Speaker 1: so much for being so generous with your time. I

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Speaker 1: know you've got a jam Pack day today. Thanks for

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Speaker 1: emptying out your reporter's notebook with us. That's josh Wyn

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Speaker 1: growth Hues Bloomberg White House reporter uh and and candidate.

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Speaker 1: I spoke with a Biden world source today who said

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Speaker 1: they're anxious. They're like, is it this easy? You know,

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Speaker 1: they're anxious, so they're not sure they believe the polls.

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Speaker 1: They're like, is this too good to be true? Lots

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Speaker 1: more coming off from Salt Lake City as we will

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Speaker 1: wait for the vice presidential today. My name is Kevin Cereli.

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Speaker 1: You're listening to Bloomberg. This is Bloomberg's Sound on with

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Speaker 1: Kevin Surreley on Bloomberg and one oh five point seven

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Speaker 1: f M h D two. Did you know that Utah

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Speaker 1: as a triple A rating and Utah as one of

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Speaker 1: the lowest unemployments in the country. It's four right now,

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Speaker 1: even in the midst of these crazy times, and it's

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Speaker 1: the second most happiest. It's all right, I gotta got

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Speaker 1: this right. It's the second happiest state in the Union.

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Speaker 1: We're trying to figure out what is number one. But

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Speaker 1: I was reading Boy Matthison sent me the Desert rett News,

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Speaker 1: you know, the local paper paper out here, and they

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Speaker 1: had all these facts about Utah, great state, gorgeous state.

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Speaker 1: My name is Kevin CURRELI I'm the chief Washington correspondent

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Speaker 1: for Bloomberg TV and Radio. A lot of people I

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Speaker 1: talked to are happy out here, so it fits with

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Speaker 1: the trend. As they said. I'm in Salt Lake for

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Speaker 1: the vice presidential debate, which you can watch cross platform.

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Speaker 1: However you get your Bloomberg UH tonight, David Weston or

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Speaker 1: David Weston will be leading our coverage. I'm gonna check

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Speaker 1: in with for with pet Buddha Judge as well as

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Speaker 1: Rick Ronnell UH. Throughout the course of the evening here

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Speaker 1: in salt like Buddha. Jedge was playing Mike Pence and

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Speaker 1: the debate prep for Senator Harris fascinating. I wonder if

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Speaker 1: they do the voice and personations. I've always wondered that.

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Speaker 1: I guess I'll never know. Stocks climbed today to a

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Speaker 1: more than one month high on renewed optimism that US

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Speaker 1: lawmakers could still reach an agreement on additional stimulus treasury,

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Speaker 1: and the dollar fell. The SMP five gained one point

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Speaker 1: seven percent after a barrage of overnight tweets from President

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Speaker 1: Trump advocating a piecemeal approach to the fiscal stimulus. The

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Speaker 1: President said stocks tumbling late Tuesday by ending stocks with

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Speaker 1: ending talks with Democrats at speaker Pelosi signaled openness to

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Speaker 1: a standalone airline relief bill, and a conversation with Treasury

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Speaker 1: Secretary Stephen Venusian earlier today. Here to break down all

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Speaker 1: of the volatility happening in the markets is David bot Botson.

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Speaker 1: He is a managing partner at The Botson Group, which

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Speaker 1: manages two point three billion dollars in client capital. David,

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Speaker 1: thank you so much for joining us. What happened in

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Speaker 1: the markets today, Well, it's the other side of the

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Speaker 1: volatility coin. People have the tendency to think volatility is

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Speaker 1: a one sided coin and it's always bad and down.

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Speaker 1: But of course volatility by definition means movement off of

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Speaker 1: normal averages, either to the downside or upside, And right

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Speaker 1: now you just have this back and forth kind of

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Speaker 1: headline trading. I do think some of its algorithmic, but

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Speaker 1: more than anything, I think there's a fomo fear of

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Speaker 1: missing out. I think people are afraid that a deal

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Speaker 1: will end up getting done, or a partial deal that

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Speaker 1: will move markets they don't want to miss it, and

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Speaker 1: they certainly don't want to be short. I'm struck by this.

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Speaker 1: Treasury volatility jumped the most in a day since the

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Speaker 1: onset of COVID turmoil in the United States, and of course,

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Speaker 1: minutes from the f O m c S September fifteen

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Speaker 1: sixteen meeting released earlier today showed that some US Central

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Speaker 1: bankers sought further debate on the future of the Fed's

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Speaker 1: asset purchase program when they met last month. What have

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Speaker 1: we learned from the minutes today, David Well, I think

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Speaker 1: that there is this sort of ongoing theme of them

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Speaker 1: wanting to telegraph they're doing a form of forward guidance

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Speaker 1: without having to actually give forward guidance. And so when

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Speaker 1: you see the things are discussing the things that are

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Speaker 1: out there. Some of the governors now and I don't

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Speaker 1: just mean chairman pal you know FED chairman or even

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Speaker 1: in the case of Janet Ellen, chairwomen have been notorious, um,

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Speaker 1: you know, sharers of informational perspective outside of minutes for

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Speaker 1: some time now. You have tons of governors that will

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Speaker 1: share things, and it helps markets sort of price in

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Speaker 1: the fact that there is this kind of mental bias

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Speaker 1: towards whatever the case may be, and in this as

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Speaker 1: the case is more accommodation, that there is a very

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Speaker 1: strong belief that they, if anything, UM are not doing

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Speaker 1: enough to to how pull labor conditions. Jarren pal can't

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Speaker 1: come out and say that because it gets in the

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Speaker 1: way of his message right now, which is to Congress,

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Speaker 1: please give us more fiscal So while he's asking for

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Speaker 1: fiscal you get things like the minutes showing that the

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Speaker 1: Central Bank contends to be continually accommodative. So, I mean,

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Speaker 1: I think this is really really important, and I think

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Speaker 1: you just explained it incredibly well, which is is what

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Speaker 1: more can the Central Bank do to put pressure on

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Speaker 1: the White House and Congress to pass additional fiscal stimulus?

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Speaker 1: What more can they do other than make statements? There

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Speaker 1: isn't anything else they can do. UM. There's a long

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Speaker 1: history of central banks asking for more support. UM. You

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Speaker 1: can look to Europe for for a little bit of

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Speaker 1: a precedent. I think at some point post financial crisis,

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Speaker 1: Dragging basically made the dis decision of ECP that he

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Speaker 1: was on his own and that he believed that by

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Speaker 1: offering unlimited Bazooka level monetary stimulus that would be necessary

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Speaker 1: for their objectives because he did not think there would

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Speaker 1: be further support on the fiscal side. Of course, they

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Speaker 1: have very different structure, very in my mind, dysfunctional blend

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Speaker 1: of fiscal and monetary relationships. We're here in our case,

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Speaker 1: we have a form of government, and so the Central

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Speaker 1: Bank can make their case. But at the end of

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Speaker 1: the day, I think most people understand that you're probably

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Speaker 1: looking at a post election um resolution. If there's going

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Speaker 1: to be anything real significant, we'll move markets today. And

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Speaker 1: with the President in his you know, third or fourth

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Speaker 1: round of tweeting last night, alluded to do was very

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Speaker 1: targeted something specific around airline and and direct support. And

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Speaker 1: that's my guests where they're if they're going to get

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Speaker 1: anything done, that's what it's going to be for the

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Speaker 1: time being. David Bonds is on the line, is the

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Speaker 1: managing partner of the Bonds of Group. Which matters is

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Speaker 1: two point three billion dollars in client capital. David. You know,

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Speaker 1: there seemed to be just two weeks ago this expectation

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Speaker 1: that election volatility would mean volatility in the markets. Of course,

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Speaker 1: markets like divided government. Typically the markets do better when

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Speaker 1: there is divided government and do worse when there is

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Speaker 1: one party in power, particularly with a wide sweeping majority.

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Speaker 1: Now had the markets adjusted or are they reacting at

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Speaker 1: all to what appears to be an expanding lead for

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Speaker 1: Joe Biden or are they still anticipating election volatility and

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Speaker 1: do they anticipate a sweep by any one party or

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Speaker 1: divided government. Well, here's what I will say to that,

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Speaker 1: because I think a lot of people are somewhat surprised

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Speaker 1: by market response. The market is up a few thousand

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Speaker 1: points since the beginning stage earlier in the summer of

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Speaker 1: where Joe Biden's lead began to solidify, and then the

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Speaker 1: betting markets were also verifying it. So this isn't just

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Speaker 1: a case where the markets betting that the polls are

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Speaker 1: long the betting markets are defending the polls um But

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Speaker 1: where I think there's a lot of opportunity for volatility

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Speaker 1: is in the Senate because I don't believe that markets

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Speaker 1: have any abilities to price in how four or five

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Speaker 1: different Senate races are going to go. And I think

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Speaker 1: there's a reasonable expectation, again looking to polls and other

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Speaker 1: political metrics, that the Republicans are going to pick up

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Speaker 1: the Alabama seeds to start at fifty four, but then

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Speaker 1: they have a good five or so to have to defend.

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Speaker 1: And and uh, the North Carolina situation appears to be

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Speaker 1: potentially breaking in the Republicans favor, but Arizona and Colorado

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Speaker 1: are very much looking to be in the Democrats camp.

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Speaker 1: So you may have Iowa, Montana um really kind of

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Speaker 1: you know, and Susan Holland's rates in Maine. Two or

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Speaker 1: three seats are probably gonna determine the outcome. How do

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Speaker 1: markets price in what Joe Biden can do legislatively if

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Speaker 1: they don't know which way the Senate going. So to me,

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Speaker 1: there's a lot of room from moutility in November, both

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Speaker 1: based on the outcome and all the things I'm talking

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Speaker 1: about with you right now, but also based on a

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Speaker 1: no outcome which could really put markets in disarray in

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Speaker 1: the month of November. I think that that is so smart. Folks,

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Speaker 1: if you're listening to David Bonson, it's the Senate that's

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Speaker 1: what you have to watch, because if, if, if Democrats

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Speaker 1: take control of the Senate, then we start talking about

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Speaker 1: more judges on the Supreme Court, we start talking about

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Speaker 1: much more taxes and the like. You know what I mean,

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Speaker 1: because it doesn't, especially if there's a super majority. Hey,

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Speaker 1: I heard through the Grape fine, David Bonson that you

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Speaker 1: read a lot of theology. What's your favorite C. S.

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Speaker 1: Lewis book? Well, that is you heard correctly. And I

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Speaker 1: have been on Bloomberg TV and radio many times and

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Speaker 1: never had anyone asked me that question. I do my homework.

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Speaker 1: I didn't get here because I didn't. You know what

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Speaker 1: I mean. You can't get out of Delco otherwise. Go ahead.

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Speaker 1: Lewis have so many good ones, but anyone who answers

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Speaker 1: anything other than screw tape letter is missing the other.

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Speaker 1: I love it. I love it. David Bondson, thank you

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Speaker 1: so much for your time, my friend. I truly appreciate

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Speaker 1: it for lending your expertise. He is, of course, the

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Speaker 1: managing partner of the Bodson Group, managing two point three

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Speaker 1: billion dollars in client capital. Coming up the Bate preview,

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Speaker 1: the Bate Night in America? Will it be smoother than

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Speaker 1: last week? Who knows? I'm Kevin s. Really you're listening

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Speaker 1: to Bloomberg Night and I want why from our nations?

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

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Speaker 1: this pandemic is impacting farmers. What does this do for

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Speaker 1: the United States relationship with China? Bloomberg Sound on, the Insiders,

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Speaker 1: the Influencers, the insides. We're responding to this crisis and

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Speaker 1: manufacturers are stepping up like never before. You're looking at

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Speaker 1: seventy kennidates for different vaccines. How do we make sure

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Speaker 1: a pandemic of this scale never happens again? This is

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Speaker 1: Bloomberg Sound on with Kevin's You Relate on Bloomberg and

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Speaker 1: one five policy, Politics and Plexiglass. I'm live in Salt

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Speaker 1: Lake City ahead of tonight's vice presidential debate. All of

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Speaker 1: that plus fiscal stimulus talks. Speaker Pelosi was on the view,

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Speaker 1: saying that she's open to a piecemeal approach. The latest

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Speaker 1: on fiscal stimulus and what happened in the markets today.

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Speaker 1: I'm gonna bring you my interview with Los Angeles Mayor

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Speaker 1: Eric Garcetti, and we've got an all star panel to

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Speaker 1: navigate through Salt Lake drama throughout the night. On our

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Speaker 1: special coverage of the vice presidential debate. I'm gonna speak

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Speaker 1: with Rick Vnell, Pe, Buddha Jedge, So we'll talk to

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Speaker 1: to all of them as we as we count down

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Speaker 1: countdown to the VP debate here in Salt Lake. I

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Speaker 1: got a copy of the Deserrette News with me above

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Speaker 1: the fold headline plexiglass barriers to separate Pence and Harris

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Speaker 1: Salt Lake Tribune. Meanwhile, their lead story Salt Lake City

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Speaker 1: needs to return to Orange. The mayor says that they've

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Speaker 1: got to implement new restrictions because of COVID nineteen COVID, COVID, COVID.

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Speaker 1: That's the dominant, dominant topic tonight. As Susan Page moderates

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Speaker 1: this ninety minute debate, nine segments, ten minutes of pop,

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Speaker 1: she's not saying what the segments are. We don't know

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Speaker 1: the topics. They haven't been disclosed. They're gonna be separated

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Speaker 1: like a triangle, I guess is sort of triangle on

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Speaker 1: the on the debate stage of the University of Utah.

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Speaker 1: They're gonna have twelve and twelve feet three inches. I

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Speaker 1: don't know where they got the three inches from, but

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Speaker 1: twelve feet three inches between them and plexiglass barriers. That's

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Speaker 1: what they're talking about here in Salt Lake, Okay. Joining

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Speaker 1: me for the hour, Tyler Deeton, Republican strategists and fundraiser,

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Speaker 1: president of Allegiance Strategies and Fred Hackburg former Export Import

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Speaker 1: Bank chairman, and he's the author of this new book.

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Speaker 1: Trade is not a four letter word. Read it if

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Speaker 1: you want to get up to speed on what's going

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Speaker 1: on in the trade world. He was, of course, he's

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Speaker 1: a Democrat. He's he's for for Biden. Okay, Tyler, Fred,

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Speaker 1: thanks for being with me. Tyler, what are you looking

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Speaker 1: for it? And give me your thoughts? What are your previews? Tyler?

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Speaker 1: Are you there? Oh? I'm sorry, I thought you said Fred,

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Speaker 1: I said, looking for Tyler this show. You gotta pay attention, buddy. Literally. Look,

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Speaker 1: I'm watching for the fact that the we've never had

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Speaker 1: a debate between two vice presidential candidates where both of

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Speaker 1: them are more likely to be president one day. I'm

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Speaker 1: looking for you have two people here who can both

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Speaker 1: be president. UM. And look, there are some people who

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Speaker 1: say like they could be president even sooner than in

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Speaker 1: the next four years, and so I think that the

428
00:22:42,520 --> 00:22:46,160
Speaker 1: stakes are very high. I think people will be tuning in. UM.

429
00:22:46,200 --> 00:22:48,040
Speaker 1: I think there's a lot of interest in how Mike

430
00:22:48,119 --> 00:22:50,840
Speaker 1: Pince is going to talk about the administration. And I

431
00:22:50,840 --> 00:22:53,119
Speaker 1: think there's just a lot of interest in Kamala Harris

432
00:22:53,119 --> 00:22:56,359
Speaker 1: because she's still relatively new on the national scene. You know,

433
00:22:56,480 --> 00:23:00,640
Speaker 1: I think that's really important to note here because everyone

434
00:23:00,760 --> 00:23:03,400
Speaker 1: in d C and all of the strategists and whatnot,

435
00:23:03,760 --> 00:23:07,199
Speaker 1: they are all noting the presidential ambitions that both of

436
00:23:07,240 --> 00:23:12,320
Speaker 1: these individuals harbor to some extent privately but increasingly publicly,

437
00:23:12,840 --> 00:23:16,159
Speaker 1: and as you rightfully point out, the health of the

438
00:23:16,200 --> 00:23:19,280
Speaker 1: top of their respected tickets is very much a factor

439
00:23:19,720 --> 00:23:22,359
Speaker 1: in this commander in chief heart beat away from the

440
00:23:22,359 --> 00:23:26,239
Speaker 1: presidency test that they faced. Fred, what's on? What are

441
00:23:26,240 --> 00:23:27,760
Speaker 1: you going to be watching? For? Give us your opening

442
00:23:27,760 --> 00:23:30,240
Speaker 1: thoughts on the debate? No, I think I think that's

443
00:23:30,240 --> 00:23:33,480
Speaker 1: that's a spot on. I think that that's clearly gives

444
00:23:33,560 --> 00:23:36,960
Speaker 1: a little more energy. And frankly, the debate last week

445
00:23:37,040 --> 00:23:41,320
Speaker 1: was so disheartening and so uninformative. I think people in

446
00:23:41,359 --> 00:23:46,639
Speaker 1: Americans are looking for, Okay, how will why should Trump

447
00:23:46,680 --> 00:23:49,960
Speaker 1: and Tens get another four years and listen to what

448
00:23:50,160 --> 00:23:53,920
Speaker 1: will Kamala Harris and Joe Biden do for American families

449
00:23:54,240 --> 00:23:56,440
Speaker 1: over the next four years. So I think people will

450
00:23:56,520 --> 00:23:59,320
Speaker 1: hank hungering for a little bit of substance which was

451
00:23:59,560 --> 00:24:02,640
Speaker 1: totally lacking from the shout fest of last week. Yeah,

452
00:24:02,640 --> 00:24:04,800
Speaker 1: I hope we get more than plexiglass. I really do,

453
00:24:04,880 --> 00:24:08,560
Speaker 1: because you know, it is so important. Because even I

454
00:24:08,600 --> 00:24:11,400
Speaker 1: don't like when the pundits say, oh, well, there's only

455
00:24:11,440 --> 00:24:13,760
Speaker 1: so much of the movable middle that's left or in

456
00:24:13,800 --> 00:24:15,640
Speaker 1: single digits. The reason I don't like that is because

457
00:24:15,680 --> 00:24:18,160
Speaker 1: you watch a debate to become informed for the Even

458
00:24:18,200 --> 00:24:20,280
Speaker 1: if the person that you don't want to win, you

459
00:24:20,320 --> 00:24:23,399
Speaker 1: still deserve to know as an American the direction that

460
00:24:23,440 --> 00:24:25,920
Speaker 1: the country is headed in. And that's why I think

461
00:24:26,119 --> 00:24:27,960
Speaker 1: that's what I think we've missed from all of our

462
00:24:27,960 --> 00:24:32,399
Speaker 1: conversations in the media about these debates. I mean, you

463
00:24:32,480 --> 00:24:35,080
Speaker 1: deserve to know where someone stands on tax policy. You

464
00:24:35,160 --> 00:24:39,080
Speaker 1: deserve to know where they stand on on infrastructure spending.

465
00:24:39,280 --> 00:24:42,560
Speaker 1: You deserve to know where they stand on geopolitics, and

466
00:24:42,560 --> 00:24:44,360
Speaker 1: how they would deal with China, how they would deal

467
00:24:44,720 --> 00:24:47,320
Speaker 1: with with very important allies in the Middle East, like Israel.

468
00:24:47,400 --> 00:24:52,280
Speaker 1: You deserve to know that. Fred she Senator Harris, you know,

469
00:24:53,200 --> 00:24:55,720
Speaker 1: is a tour to force in terms of democratic politics.

470
00:24:55,760 --> 00:24:57,840
Speaker 1: But does she have to what does she have to

471
00:24:57,880 --> 00:25:03,040
Speaker 1: do to to to appease the base without moving too

472
00:25:03,119 --> 00:25:05,480
Speaker 1: much to the middle, because there's a lot of people

473
00:25:05,520 --> 00:25:07,920
Speaker 1: that I talked to who are who say that she's

474
00:25:07,960 --> 00:25:11,960
Speaker 1: way too far to the left to be to have

475
00:25:12,040 --> 00:25:18,840
Speaker 1: a significant impact in battleground states. Well, I'll go I

476
00:25:18,880 --> 00:25:21,000
Speaker 1: could say a lot of good things about Kamala Harris

477
00:25:21,000 --> 00:25:23,560
Speaker 1: from my side of the aisle um. I think it's

478
00:25:23,560 --> 00:25:25,400
Speaker 1: that a lot of people just still don't know her,

479
00:25:25,760 --> 00:25:28,960
Speaker 1: and she has to prove that she is ready to

480
00:25:29,040 --> 00:25:31,600
Speaker 1: be president if she's called upon, and I think that

481
00:25:31,600 --> 00:25:34,359
Speaker 1: that's the task before tonite, and I think that is tough.

482
00:25:34,440 --> 00:25:36,320
Speaker 1: That's tough to do in ninety minutes, and you don't

483
00:25:36,359 --> 00:25:38,760
Speaker 1: have all of the ninety minutes to yourself. So she's

484
00:25:38,760 --> 00:25:41,320
Speaker 1: going to have to prove that she is commander in

485
00:25:41,400 --> 00:25:44,760
Speaker 1: chief material. But look, Vice President Pence has a tough

486
00:25:44,840 --> 00:25:46,880
Speaker 1: job too, because I think his job is he has

487
00:25:46,920 --> 00:25:50,760
Speaker 1: to assure the American people that this administration really does

488
00:25:50,840 --> 00:25:53,520
Speaker 1: have things under control. And I think that that's a

489
00:25:53,520 --> 00:25:55,359
Speaker 1: hard job for him to be able to convey as

490
00:25:55,480 --> 00:25:59,240
Speaker 1: Vice president. And so I don't have very different, very

491
00:25:59,240 --> 00:26:04,840
Speaker 1: different goals. Something I don't know how Vice President Pence

492
00:26:04,880 --> 00:26:07,440
Speaker 1: can say they have things under control when one of

493
00:26:07,480 --> 00:26:11,639
Speaker 1: the most toxic places right now is the White House, uh,

494
00:26:11,760 --> 00:26:15,040
Speaker 1: in terms of this contagion. And so I know that

495
00:26:15,119 --> 00:26:17,720
Speaker 1: President Trump and and Vice President Plans would like to

496
00:26:17,760 --> 00:26:23,560
Speaker 1: believe they've handled this superbly, excellently. The facts don't show that.

497
00:26:23,680 --> 00:26:26,800
Speaker 1: And the fact is, and we see the White House itself,

498
00:26:27,080 --> 00:26:29,679
Speaker 1: the kind of risk being put on White House staffers

499
00:26:29,960 --> 00:26:33,080
Speaker 1: plus just the permanent staff that runs the White House

500
00:26:33,640 --> 00:26:36,200
Speaker 1: is quite uncerned right now. So I'm not sure how

501
00:26:36,240 --> 00:26:38,440
Speaker 1: we can make the case why they should get four

502
00:26:38,520 --> 00:26:42,199
Speaker 1: more years based on what's happens. Fred answered Fred, let

503
00:26:42,240 --> 00:26:44,479
Speaker 1: me let me re ask this question about Senator Harris.

504
00:26:44,640 --> 00:26:46,840
Speaker 1: What does she have to do to show can she

505
00:26:47,160 --> 00:26:52,000
Speaker 1: Can she move to the middle or nod? Yes? I

506
00:26:52,040 --> 00:26:55,080
Speaker 1: think absolutely, she's not that. She's not that left as

507
00:26:55,080 --> 00:26:58,439
Speaker 1: the person. I've known her, UM since your time in

508
00:26:58,520 --> 00:27:01,840
Speaker 1: the Senate of got you know very well when she

509
00:27:01,960 --> 00:27:05,159
Speaker 1: was helping UM and campaigning with Bill Nelson down in

510
00:27:05,240 --> 00:27:10,240
Speaker 1: Florida and UM, so she is a very both feet

511
00:27:10,280 --> 00:27:12,560
Speaker 1: on the ground. She's a realist, she wants to get

512
00:27:12,600 --> 00:27:16,240
Speaker 1: things done, and Uh, what we're looking for is people

513
00:27:16,280 --> 00:27:19,840
Speaker 1: who will actually accomplish something, not just feel good candidates

514
00:27:19,960 --> 00:27:24,040
Speaker 1: and comal arison. Joe Biden exactly that. Alright, Alright, coming up,

515
00:27:24,040 --> 00:27:25,919
Speaker 1: we're gonna talk much more about the policy and the

516
00:27:25,960 --> 00:27:29,840
Speaker 1: politics behind the upcoming vice presidential debate, plus my interview

517
00:27:29,840 --> 00:27:33,720
Speaker 1: with Los Angeles Mayor Eric Garcetti, and the latest on

518
00:27:33,760 --> 00:27:35,880
Speaker 1: the fiscal stimulus front, because you got some new developments

519
00:27:35,880 --> 00:27:39,480
Speaker 1: today from the White House on the fiscal stimulus front.

520
00:27:39,560 --> 00:27:42,199
Speaker 1: It really is a dizzy and day. I'm struck by

521
00:27:42,200 --> 00:27:44,160
Speaker 1: this just in terms of dip dive into the markets

522
00:27:44,160 --> 00:27:47,120
Speaker 1: for a second. Uh, the text docs not really reacting

523
00:27:47,160 --> 00:27:50,640
Speaker 1: to that House Subcommittee Anti trust report that came out yesterday,

524
00:27:50,680 --> 00:27:53,919
Speaker 1: not really impacting what happened on the markets with with

525
00:27:54,000 --> 00:27:56,280
Speaker 1: big tech. I was struck by that obviously, off of

526
00:27:56,280 --> 00:28:00,240
Speaker 1: our interview with Congressman kem Buck from yesterday as well. Right,

527
00:28:00,480 --> 00:28:03,800
Speaker 1: much more to get to and through here in sunny

528
00:28:04,119 --> 00:28:07,440
Speaker 1: Salt Lake City. Download the Bloomberg's podcast on Appleli James

529
00:28:07,440 --> 00:28:09,680
Speaker 1: of Bloomberg dot com or by downloading the Bloomberg Business app.

530
00:28:09,960 --> 00:28:12,080
Speaker 1: You can also find me on Radio dot com, I

531
00:28:12,160 --> 00:28:14,879
Speaker 1: Heart Radio, and Spotify. My name is Kevin Sireli. I'm

532
00:28:14,880 --> 00:28:17,440
Speaker 1: the chief Washington correspondent for Bloomberg TV and Radio. You're

533
00:28:17,480 --> 00:28:26,320
Speaker 1: listening to Bloomberg. This is Bloomberg Sound On with Kevin

534
00:28:26,400 --> 00:28:30,600
Speaker 1: Shirley on Bloomberg and one oh five point seven f

535
00:28:30,760 --> 00:28:33,560
Speaker 1: m h D two. My name is Kevin Surley. Tomorrow,

536
00:28:33,640 --> 00:28:37,280
Speaker 1: David Weston interviews Speaker of the House Nancy Pelosi about

537
00:28:37,320 --> 00:28:39,959
Speaker 1: fiscal stimulus talks. We're gonna talk about that in just

538
00:28:40,040 --> 00:28:44,520
Speaker 1: a second on this program, but before we do, before

539
00:28:44,600 --> 00:28:46,880
Speaker 1: we do. Earlier today in Salt Lake City, I caught

540
00:28:46,920 --> 00:28:49,800
Speaker 1: up with Los Angeles Mayor Eric Garcetti for his thoughts

541
00:28:50,000 --> 00:28:52,360
Speaker 1: on the contrast that we will see tonight between Vice

542
00:28:52,360 --> 00:28:55,120
Speaker 1: President Mike Pence and Senator Kamala Harris. Take a listen

543
00:28:55,160 --> 00:28:57,680
Speaker 1: to what he said. I think you're gonna see a

544
00:28:57,720 --> 00:29:00,880
Speaker 1: clear contrast, not just in terms of policy, in terms

545
00:29:00,880 --> 00:29:03,640
Speaker 1: of people. And there's no question Vice President Pence is

546
00:29:03,680 --> 00:29:06,960
Speaker 1: an experienced debater. He's somebody who comes across very warmly,

547
00:29:07,280 --> 00:29:09,480
Speaker 1: but that doesn't change the policies that he is behind,

548
00:29:09,560 --> 00:29:12,800
Speaker 1: policies that have led to two hundred thousand Americans losing

549
00:29:12,800 --> 00:29:15,719
Speaker 1: their lives. And now, as we see an outbreak in

550
00:29:15,760 --> 00:29:18,360
Speaker 1: the center of our government, where we have everybody from

551
00:29:18,400 --> 00:29:21,680
Speaker 1: our UH Joint chiefs of Staff to Key White House

552
00:29:21,680 --> 00:29:25,240
Speaker 1: officials and the President himself who cannot go out in

553
00:29:25,280 --> 00:29:27,760
Speaker 1: public and have been affected by this. You will see

554
00:29:27,960 --> 00:29:31,520
Speaker 1: a seriousness of a Joe Biden, Kamala Harris plan to

555
00:29:31,600 --> 00:29:35,800
Speaker 1: deal with COVID nineteen, restore our economy versus this administration

556
00:29:35,800 --> 00:29:37,800
Speaker 1: that would rather fight about wearing a mask or whether

557
00:29:37,800 --> 00:29:42,680
Speaker 1: there's plexiglass instead of actually saving lives. Specifically on the economy,

558
00:29:42,760 --> 00:29:46,080
Speaker 1: Moving towards the economy, because no matter who is president,

559
00:29:46,120 --> 00:29:49,520
Speaker 1: whether it's in six or nine months, the economic recovery

560
00:29:49,560 --> 00:29:52,480
Speaker 1: will be front and center in terms of getting America

561
00:29:52,560 --> 00:29:56,600
Speaker 1: back on track. What contrast will she draw with Vice

562
00:29:56,600 --> 00:30:00,000
Speaker 1: President Pence specifically on the economy. I think the contrast

563
00:30:00,120 --> 00:30:03,360
Speaker 1: we've seen this week. Unfortunately, you saw this president walk

564
00:30:03,400 --> 00:30:07,920
Speaker 1: away from the assistance that are key industries, our local governments,

565
00:30:07,920 --> 00:30:11,040
Speaker 1: and our first responders need, literally walking away from the

566
00:30:11,040 --> 00:30:14,880
Speaker 1: assistance that should be a bipartisan priority. You talk to

567
00:30:14,880 --> 00:30:17,400
Speaker 1: an average family out there, they're not looking at the

568
00:30:17,440 --> 00:30:20,720
Speaker 1: unemployment statistics and saying, oh, this economy is great. Talk

569
00:30:20,760 --> 00:30:23,080
Speaker 1: to somebody who works in a restaurant, a stewardess, who

570
00:30:23,080 --> 00:30:26,360
Speaker 1: works at an airline. They are suffering and they need help.

571
00:30:26,400 --> 00:30:28,280
Speaker 1: And if you can't prioritize that if you don't have

572
00:30:28,280 --> 00:30:30,560
Speaker 1: a plan in our worst moment, you certainly don't have

573
00:30:30,560 --> 00:30:32,520
Speaker 1: a plan for the future. On the other hand, what

574
00:30:32,640 --> 00:30:34,920
Speaker 1: you have with Joe Biden and Kamala Harris is a

575
00:30:34,960 --> 00:30:39,120
Speaker 1: build back better plan for pillars, to invest in our infrastructure,

576
00:30:39,320 --> 00:30:41,560
Speaker 1: take care of those who care for us, to deal

577
00:30:41,680 --> 00:30:44,400
Speaker 1: with racism in our country, and also to make sure

578
00:30:44,560 --> 00:30:47,320
Speaker 1: that we have manufacturing in all of America. Again, that

579
00:30:47,480 --> 00:30:49,720
Speaker 1: is a concrete plan that is such a contrast to

580
00:30:49,800 --> 00:30:52,000
Speaker 1: the chaos we see coming out of Let me quest

581
00:30:52,040 --> 00:30:53,720
Speaker 1: you on this because you're you're a mayor in a

582
00:30:53,800 --> 00:30:56,320
Speaker 1: state where the governor has recently come out and said

583
00:30:56,720 --> 00:31:00,400
Speaker 1: they want to have clean energy vehicles uh in in

584
00:31:00,560 --> 00:31:03,520
Speaker 1: a couple of decades, but they've mandated it essentially now.

585
00:31:03,640 --> 00:31:07,840
Speaker 1: Joe nominee Biden has come under pressure from Republicans, especially

586
00:31:07,840 --> 00:31:10,760
Speaker 1: in states where fracking is incredibly important and vital to

587
00:31:10,840 --> 00:31:14,800
Speaker 1: state's economy, battleground states like Pennsylvania. So how how does

588
00:31:14,840 --> 00:31:18,120
Speaker 1: the campaign balance that with wanting to go for new

589
00:31:18,240 --> 00:31:21,600
Speaker 1: energy that's safe for the environment but also protecting jobs.

590
00:31:22,120 --> 00:31:24,680
Speaker 1: This isn't a choice and it's not a balance any

591
00:31:24,880 --> 00:31:29,200
Speaker 1: place from Appalachia to the Pacific Coast. That's investing in

592
00:31:29,280 --> 00:31:32,520
Speaker 1: green infrastructure, is investing in careers and middle class jobs

593
00:31:32,560 --> 00:31:35,360
Speaker 1: for the future. So anybody who is not doing that

594
00:31:35,480 --> 00:31:39,680
Speaker 1: is leaving jobs on the table. Americans deserve a president

595
00:31:39,720 --> 00:31:41,720
Speaker 1: and a vice president who will take care of them

596
00:31:42,000 --> 00:31:44,920
Speaker 1: and their children and future jobs. We've been very clear

597
00:31:45,120 --> 00:31:46,880
Speaker 1: that that is not going to be in new gas

598
00:31:46,920 --> 00:31:48,840
Speaker 1: and oil. That is going to be in making sure

599
00:31:48,880 --> 00:31:52,360
Speaker 1: we have renewable energy and infrastructure across America, and that

600
00:31:52,360 --> 00:31:55,680
Speaker 1: that contrast could not be clear. You also be from California,

601
00:31:55,760 --> 00:31:59,120
Speaker 1: of course no, uh, Senator Harris, given that she represents

602
00:31:59,320 --> 00:32:01,360
Speaker 1: the state of calif for inner the commander in chief tests.

603
00:32:01,360 --> 00:32:03,480
Speaker 1: I mean, that is heart beat away from the president.

604
00:32:03,560 --> 00:32:06,240
Speaker 1: That's so incredibly vital. What can you tell us about

605
00:32:06,600 --> 00:32:09,600
Speaker 1: your own experience working with her that gives you confidence

606
00:32:09,880 --> 00:32:12,400
Speaker 1: that she is ready to be commander in chief. I've

607
00:32:12,400 --> 00:32:15,320
Speaker 1: known Kamala Harris for over fifteen years. I've traveled with

608
00:32:15,320 --> 00:32:19,520
Speaker 1: her abroad representing our country. I've seen her, uh look

609
00:32:19,520 --> 00:32:22,120
Speaker 1: at international you know heads of state who have come

610
00:32:22,160 --> 00:32:24,560
Speaker 1: to California, and as a Senator, as a member of

611
00:32:24,560 --> 00:32:27,000
Speaker 1: our Intelligence Committee, she is ready to lead and she

612
00:32:27,080 --> 00:32:29,080
Speaker 1: is ready to be a vice president to Joe Biden,

613
00:32:29,280 --> 00:32:31,720
Speaker 1: probably the best trained candidate we've ever had when it

614
00:32:31,760 --> 00:32:34,360
Speaker 1: comes to foreign relations that in our history to be

615
00:32:34,400 --> 00:32:36,320
Speaker 1: able to make sure we restore our reputation, that we

616
00:32:36,360 --> 00:32:38,680
Speaker 1: go back to our friends and restore alliances, and that

617
00:32:38,720 --> 00:32:40,760
Speaker 1: we deal with the threats of the world from terrorism

618
00:32:40,800 --> 00:32:43,880
Speaker 1: to climate change, and don't back off of leadership but

619
00:32:44,000 --> 00:32:46,520
Speaker 1: actually bring that together. So I'm excited both on a

620
00:32:46,520 --> 00:32:48,720
Speaker 1: personal level of somebody who's known her for a long time,

621
00:32:48,880 --> 00:32:51,040
Speaker 1: but also just on a political level to have somebody

622
00:32:51,080 --> 00:32:53,640
Speaker 1: that I think when you have Kamala Harris overseas in

623
00:32:53,680 --> 00:32:56,080
Speaker 1: other countries, when they see the daughter of immigrants from

624
00:32:56,080 --> 00:32:59,959
Speaker 1: the Caribbean and from South Asia, that will change people's

625
00:33:00,000 --> 00:33:05,840
Speaker 1: attitude to Canada. That was my interview with l A

626
00:33:06,000 --> 00:33:09,760
Speaker 1: Mayor Eric Garcetti. What they didn't play for you, it

627
00:33:09,800 --> 00:33:12,640
Speaker 1: was his. He then proceeded to trash talk the Miami

628
00:33:12,720 --> 00:33:15,400
Speaker 1: Heat and he said he predicted that the Lakers are

629
00:33:15,440 --> 00:33:18,480
Speaker 1: going to take the series in five games on Friday,

630
00:33:18,680 --> 00:33:22,560
Speaker 1: and then he proceeded to call out Mayor Suarez, the

631
00:33:22,600 --> 00:33:25,080
Speaker 1: mayor of Miami where we're headed next week, as of

632
00:33:25,160 --> 00:33:29,720
Speaker 1: hell for the presidential debate. And uh, look, I guess,

633
00:33:30,000 --> 00:33:34,520
Speaker 1: I guess he's the Lakers fan Lebron Lebron Central joining

634
00:33:34,600 --> 00:33:37,840
Speaker 1: us now to talk fiscal stimulus. Not the Lakers, Fred Hackberg,

635
00:33:37,880 --> 00:33:40,960
Speaker 1: he's a Democratic insider, former chairman of the export in

636
00:33:41,080 --> 00:33:45,760
Speaker 1: Port Bank. Hey, Freddy, are you gonna watch the game Friday? No,

637
00:33:50,920 --> 00:33:57,360
Speaker 1: I'm sorry, Fred Tyler Republican strategist of your audience that

638
00:33:58,520 --> 00:34:03,680
Speaker 1: you tried to humiliate the public. Oh my gosh, wow wow.

639
00:34:03,720 --> 00:34:06,640
Speaker 1: For the record, that is not true at all. When

640
00:34:06,680 --> 00:34:09,919
Speaker 1: you were sure, when you were chairman of the bank,

641
00:34:09,960 --> 00:34:13,839
Speaker 1: we always talked basketball. Tyler Deaton, Republican strategist and Pumaisier,

642
00:34:13,920 --> 00:34:17,399
Speaker 1: president of Allegiance. Uh, strategies. I want to talk about

643
00:34:17,400 --> 00:34:22,240
Speaker 1: fiscal stimulus because talk about a one eighty. So yesterday

644
00:34:22,320 --> 00:34:24,160
Speaker 1: on the show, we talked about how the president tweets

645
00:34:24,160 --> 00:34:26,000
Speaker 1: out that he doesn't want to do fiscal stimulus talks

646
00:34:26,080 --> 00:34:30,319
Speaker 1: until after the election. Then this morning the president Chief

647
00:34:30,320 --> 00:34:33,759
Speaker 1: of Staff Mark Meadows, as well as Secretary Manu Sian

648
00:34:33,880 --> 00:34:36,600
Speaker 1: Larry Cudlow, they all flood the airwaves. They talked to

649
00:34:36,640 --> 00:34:38,759
Speaker 1: the press and they say, you know what, we want

650
00:34:38,800 --> 00:34:42,200
Speaker 1: to do, a piecemeal approach Speaker Pelosi then goes on

651
00:34:42,239 --> 00:34:44,879
Speaker 1: ABC's The View and she had this to say, take

652
00:34:44,880 --> 00:34:47,400
Speaker 1: a listen to Speaker Pelosi on the View with regards

653
00:34:47,400 --> 00:34:52,719
Speaker 1: to fiscal stimulus. He's just again rebounding from a terrible

654
00:34:52,920 --> 00:34:57,000
Speaker 1: mistake that he made yesterday, and the Republicans in Congress

655
00:34:57,200 --> 00:35:00,920
Speaker 1: we're going down the drain with him on that. Tyler Deaton,

656
00:35:02,360 --> 00:35:04,000
Speaker 1: are we going to get to a deal before the

657
00:35:04,040 --> 00:35:05,880
Speaker 1: election or not? I mean, you look at these polls.

658
00:35:05,920 --> 00:35:08,320
Speaker 1: I don't understand why President Trump wouldn't do it. Tyler,

659
00:35:10,360 --> 00:35:14,279
Speaker 1: It's all up to President Trump. It's one up to

660
00:35:14,280 --> 00:35:18,640
Speaker 1: President Trump because right now Congressional Democrats are unified. But

661
00:35:18,719 --> 00:35:21,680
Speaker 1: I have to say, Congressional Republicans right now, they don't

662
00:35:21,680 --> 00:35:24,200
Speaker 1: know where to go. They don't know what what position

663
00:35:24,360 --> 00:35:28,200
Speaker 1: they're supposed to take in these negotiations. And I you know,

664
00:35:28,239 --> 00:35:30,960
Speaker 1: I could identify at least three different factions among just

665
00:35:31,000 --> 00:35:35,120
Speaker 1: the Senate Republicans, where some people want no deal, some

666
00:35:35,160 --> 00:35:38,560
Speaker 1: people want a big deal. And until President Trump says

667
00:35:38,640 --> 00:35:41,560
Speaker 1: exactly what he wants, we're not going to see Congressional

668
00:35:41,600 --> 00:35:44,520
Speaker 1: Republicans get unified, and we're not going to have any

669
00:35:44,600 --> 00:35:46,480
Speaker 1: chance of a deal coming together. But we need a

670
00:35:46,560 --> 00:35:49,439
Speaker 1: deal to come together. It's a win for everybody. It's

671
00:35:49,440 --> 00:35:52,920
Speaker 1: a win politically for both parties, but it's really it's

672
00:35:52,920 --> 00:35:54,840
Speaker 1: a win for the American people. There are millions of

673
00:35:54,840 --> 00:35:58,000
Speaker 1: people unemployed, hurting families. We need to pass this as

674
00:35:58,000 --> 00:36:01,759
Speaker 1: soon as possible. And and stops to President Trump. All right,

675
00:36:01,840 --> 00:36:03,399
Speaker 1: hold it right there, because coming up, we got much

676
00:36:03,400 --> 00:36:06,200
Speaker 1: more on the fiscal stimulus front. My name is Kevin Surreley.

677
00:36:06,200 --> 00:36:14,600
Speaker 1: You're listening to Bloomberg N one. This is Bloomberg Sound

678
00:36:14,640 --> 00:36:19,200
Speaker 1: On with Kevin Surreley on Bloomberg and one oh five

679
00:36:19,239 --> 00:36:21,840
Speaker 1: point seven f m h D two. My name is

680
00:36:21,880 --> 00:36:24,720
Speaker 1: Kevin Sireli. I'm the chief Washington correspondent for Bloomberg Television

681
00:36:24,760 --> 00:36:27,640
Speaker 1: and for Bloomberg Radio. We checked in with l A

682
00:36:27,800 --> 00:36:31,239
Speaker 1: Mayor Eric car Sti earlier. Now let's head to the right.

683
00:36:31,800 --> 00:36:34,719
Speaker 1: T W Shannon joins us. It's his first time on

684
00:36:34,760 --> 00:36:37,080
Speaker 1: the program. He we're thrilled to have him. He's the

685
00:36:37,120 --> 00:36:40,000
Speaker 1: former Oklahoma Speaker of the House, the youngest I believe,

686
00:36:40,040 --> 00:36:43,160
Speaker 1: I believe, the youngest ever Oklahoma Speaker of the House.

687
00:36:43,320 --> 00:36:45,760
Speaker 1: And he is the co chairman of the Black Voices

688
00:36:45,840 --> 00:36:49,400
Speaker 1: for Trump. T W thank you for joining us. What

689
00:36:49,440 --> 00:36:52,400
Speaker 1: are you gonna be? Give us your preview, you're you know,

690
00:36:52,480 --> 00:36:56,240
Speaker 1: your memo, you're to do? What are you looking for? Tonight?

691
00:36:56,280 --> 00:36:59,480
Speaker 1: In Salt Lake City? When inside at Kingsbury Hall, at

692
00:36:59,520 --> 00:37:02,920
Speaker 1: the Universe the City of Utah, they stand separated by

693
00:37:02,920 --> 00:37:06,719
Speaker 1: the plexiglass. Hi, Kevin, thanks for having today. Well, you know,

694
00:37:06,800 --> 00:37:10,960
Speaker 1: I'm anxious to hear you know, really Kamala Harris trying

695
00:37:10,960 --> 00:37:14,560
Speaker 1: to defend her position on some of the radical UH

696
00:37:14,600 --> 00:37:17,640
Speaker 1: positions that she's taken. I mean, whether we're talking about,

697
00:37:17,680 --> 00:37:19,480
Speaker 1: you know, the charge she's led on the thirty or

698
00:37:19,480 --> 00:37:22,799
Speaker 1: two trillion dollar government takeover of health care, or her

699
00:37:22,840 --> 00:37:27,280
Speaker 1: explaining UH wanting to support giving you know, taxpayer funded

700
00:37:27,320 --> 00:37:30,600
Speaker 1: healthcare to illegals, I mean, or the ninety three trillion

701
00:37:30,600 --> 00:37:32,759
Speaker 1: dollars of the Green New Deal that she co sponsored.

702
00:37:33,239 --> 00:37:35,880
Speaker 1: I'm looking forward to her facing the American people to

703
00:37:35,960 --> 00:37:38,760
Speaker 1: talk about some of the radical ideas that she's putting forward,

704
00:37:39,440 --> 00:37:43,120
Speaker 1: because I think once people start comparing where she is

705
00:37:43,400 --> 00:37:46,800
Speaker 1: and on the issues and why Joe Biden would align

706
00:37:46,840 --> 00:37:48,960
Speaker 1: with her, UM, I think it's gonna become even more

707
00:37:48,960 --> 00:37:52,200
Speaker 1: apparent why Donald Trump and Mike Pants are the right tickets.

708
00:37:52,200 --> 00:37:54,480
Speaker 1: So I think tonight will be a spirited debate. These

709
00:37:54,480 --> 00:37:59,480
Speaker 1: are two very well trained, UMU competent, capable people. But

710
00:38:00,120 --> 00:38:02,359
Speaker 1: I think it's clear that you know, the left has

711
00:38:02,360 --> 00:38:04,120
Speaker 1: gotten really out of step, but I think most of

712
00:38:04,280 --> 00:38:08,080
Speaker 1: most of America. T W. Shannon's on the line. He is, uh,

713
00:38:08,160 --> 00:38:12,560
Speaker 1: the president and CEO of Chickasaw Community Bank formerly bank too,

714
00:38:12,840 --> 00:38:14,880
Speaker 1: and uh, you know, let me follow up on healthcare,

715
00:38:14,920 --> 00:38:18,760
Speaker 1: because healthcare especially right now, for for Republicans who voted

716
00:38:18,800 --> 00:38:22,960
Speaker 1: for President Trump, who voted for Republican controlled Senate, who

717
00:38:23,080 --> 00:38:26,840
Speaker 1: voted for there to be some type of bipartisan moving

718
00:38:27,200 --> 00:38:30,760
Speaker 1: away from Obamacare or the Affordable Care Act, why should

719
00:38:30,800 --> 00:38:34,440
Speaker 1: they give Republicans another chance if they didn't take the

720
00:38:34,440 --> 00:38:39,040
Speaker 1: opportunity before them several years ago. Well, I think because

721
00:38:39,120 --> 00:38:42,080
Speaker 1: I think by any standards, Obamacare has been an epic failure.

722
00:38:42,120 --> 00:38:44,319
Speaker 1: I mean, when you look at the cost, the number,

723
00:38:44,520 --> 00:38:46,520
Speaker 1: let me jump in here, not that no, Obamacare has

724
00:38:46,520 --> 00:38:48,719
Speaker 1: been an upic failure, but but what about they said

725
00:38:48,719 --> 00:38:52,359
Speaker 1: they were going to replace it. Why haven't they replaced it? Well,

726
00:38:52,400 --> 00:38:55,879
Speaker 1: I think first you've got to recognize that Obamacare has

727
00:38:55,920 --> 00:38:58,560
Speaker 1: been an epic failure. That's why so many people, even

728
00:38:58,600 --> 00:39:00,719
Speaker 1: when we were faced with this pandemic. Even when you

729
00:39:00,760 --> 00:39:02,759
Speaker 1: look at the numbers for African Americans, the number of

730
00:39:02,800 --> 00:39:07,080
Speaker 1: African Americans that are still uninsured, it's still unaffordable. Um.

731
00:39:07,120 --> 00:39:10,960
Speaker 1: You know, socializing medicine just does not provide the the

732
00:39:11,000 --> 00:39:13,879
Speaker 1: access to care that it was promised. And I think

733
00:39:13,920 --> 00:39:17,160
Speaker 1: that's the real issue. And what President Trump has always

734
00:39:17,480 --> 00:39:20,160
Speaker 1: targeted is a free market approach to healthcare. And I

735
00:39:20,200 --> 00:39:23,279
Speaker 1: think that's what I think is missing in the equation

736
00:39:23,960 --> 00:39:26,719
Speaker 1: for how we bring health you know, health care costs down,

737
00:39:27,000 --> 00:39:29,480
Speaker 1: and the President is even you know, promoted measures to

738
00:39:29,520 --> 00:39:31,719
Speaker 1: bring down the cost of prescription drugs. That's been a

739
00:39:31,719 --> 00:39:34,400
Speaker 1: big part as well. But in addition to healthcare, I

740
00:39:34,400 --> 00:39:37,399
Speaker 1: think the biggest issue on people's minds right, nasty economy? Um,

741
00:39:37,400 --> 00:39:38,880
Speaker 1: and how do we hold on? Because I want to

742
00:39:38,880 --> 00:39:40,640
Speaker 1: get to the economy. But I didn't hear an answer

743
00:39:40,640 --> 00:39:45,239
Speaker 1: to my question, why isn't why didn't they replace Obamacare?

744
00:39:45,360 --> 00:39:47,839
Speaker 1: That's the third time now, sir, that I've asked they

745
00:39:47,840 --> 00:39:52,920
Speaker 1: had the opportunity. Well, again, the President has had to

746
00:39:52,920 --> 00:39:58,400
Speaker 1: work with a pretty um, a pretty aggressive house that

747
00:39:58,440 --> 00:40:00,400
Speaker 1: has been unwilling to move forward. Even you look at

748
00:40:00,400 --> 00:40:03,040
Speaker 1: the pandemic. I mean, we can't even get Nancy Pelosi

749
00:40:03,080 --> 00:40:04,880
Speaker 1: in the in the in the Democrats in the House

750
00:40:05,160 --> 00:40:08,120
Speaker 1: to Perford a covert relief bill that provides relief to

751
00:40:08,160 --> 00:40:10,400
Speaker 1: American people. So, you know, there's certainly been some challenges,

752
00:40:10,440 --> 00:40:12,160
Speaker 1: but I think one of the reasons that the President

753
00:40:12,200 --> 00:40:15,360
Speaker 1: has been so focused on not just repealing Obamacare, but

754
00:40:15,440 --> 00:40:18,360
Speaker 1: making sure that we increase market principles so that people

755
00:40:18,400 --> 00:40:21,440
Speaker 1: have a choice in healthcare um and and make sure

756
00:40:21,480 --> 00:40:24,400
Speaker 1: that people have a job opportunity. Certainly this year has

757
00:40:24,400 --> 00:40:27,600
Speaker 1: been focused on the pandemic um and issues there. But

758
00:40:27,840 --> 00:40:29,640
Speaker 1: I think as we move forward, what you're gonna find

759
00:40:29,760 --> 00:40:33,120
Speaker 1: is the President has uh done a really good job

760
00:40:33,719 --> 00:40:36,359
Speaker 1: of of of I think putting together an agenda that's

761
00:40:36,400 --> 00:40:38,840
Speaker 1: going to keep the economy moving forward. Because right now,

762
00:40:38,920 --> 00:40:40,640
Speaker 1: I think what people are really looking for is, am

763
00:40:40,680 --> 00:40:43,000
Speaker 1: I gonna have a job next year? Um? That's the

764
00:40:43,000 --> 00:40:44,520
Speaker 1: most important thing. Am I gonna be able to afford

765
00:40:44,560 --> 00:40:48,239
Speaker 1: anybody's healthcare plan? Much less one that's not affordable under Obamacare.

766
00:40:48,360 --> 00:40:50,839
Speaker 1: So I hear you on the economy, and I hear

767
00:40:50,880 --> 00:40:54,120
Speaker 1: you on the economic ankst that is all across the country,

768
00:40:54,440 --> 00:40:57,000
Speaker 1: and so you know, and I put this question to Democrats,

769
00:40:57,080 --> 00:40:59,880
Speaker 1: but obviously, since you're speaking as a surrogate for the

770
00:41:00,160 --> 00:41:02,480
Speaker 1: pain for the President's re election campaign, I'll put this

771
00:41:02,520 --> 00:41:04,600
Speaker 1: to you. Here's a here's a president who ran as

772
00:41:04,600 --> 00:41:07,719
Speaker 1: a dealmaker, So why not strike a deal with Speaker Pelosi.

773
00:41:08,040 --> 00:41:10,160
Speaker 1: I get that she wants to spend more money than

774
00:41:10,200 --> 00:41:13,080
Speaker 1: the right, but why not get some more fiscal stimulus

775
00:41:13,120 --> 00:41:17,000
Speaker 1: or that airline industry workers, refinery workers and all of

776
00:41:17,000 --> 00:41:19,919
Speaker 1: these other folks who are are hurting right now can

777
00:41:19,920 --> 00:41:21,960
Speaker 1: get some of the relief that they needed yesterday. It

778
00:41:22,040 --> 00:41:26,280
Speaker 1: just feels like a symptom of Washington d C. Well,

779
00:41:26,320 --> 00:41:30,360
Speaker 1: you know, the President was very active and putting forward

780
00:41:30,400 --> 00:41:33,439
Speaker 1: the first care is that the payroll protection pan um.

781
00:41:33,480 --> 00:41:35,200
Speaker 1: He was able to do that. That provided more than

782
00:41:35,239 --> 00:41:37,640
Speaker 1: five and twenty one billion and forgivable loans and more

783
00:41:37,640 --> 00:41:41,560
Speaker 1: than five five billion businesses um. There's also seventeen billion

784
00:41:41,560 --> 00:41:44,080
Speaker 1: in small business relief as well. So the President has

785
00:41:44,080 --> 00:41:46,560
Speaker 1: been very active. It's it's the problem was the bill

786
00:41:46,640 --> 00:41:50,520
Speaker 1: that Nancy Pelosi put back in May had no Republican

787
00:41:50,600 --> 00:41:52,959
Speaker 1: support on it and had in fact, it was done

788
00:41:52,960 --> 00:41:57,000
Speaker 1: behind closed doors because she wasn't serious. Her real focus

789
00:41:57,080 --> 00:42:01,120
Speaker 1: was really on bailing out these liberal cities that have

790
00:42:01,239 --> 00:42:03,640
Speaker 1: failed to protect their public and are now in dire

791
00:42:03,719 --> 00:42:06,799
Speaker 1: straits because of their economy and because of their unreasonable

792
00:42:06,880 --> 00:42:10,320
Speaker 1: closures that they've put on businesses and in the UH

793
00:42:10,560 --> 00:42:13,360
Speaker 1: in their city limits. So that's the real challenge that

794
00:42:13,400 --> 00:42:16,879
Speaker 1: I think has been presented to moving forward a real

795
00:42:17,000 --> 00:42:19,920
Speaker 1: stimulus bill that's going to provide relief to the American people.

796
00:42:20,080 --> 00:42:23,560
Speaker 1: It's nasty, Pelosi and the Democrats in the House. I

797
00:42:23,560 --> 00:42:25,160
Speaker 1: want to clear I want I want you to clear

798
00:42:25,200 --> 00:42:27,400
Speaker 1: this up because this is so incredibly important and so

799
00:42:27,480 --> 00:42:30,200
Speaker 1: many people are trying to figure out what happens to

800
00:42:30,239 --> 00:42:33,799
Speaker 1: their job, what happens to their health insurance, regardless of

801
00:42:33,840 --> 00:42:36,000
Speaker 1: the outcome of the November third elections. Here we are

802
00:42:36,120 --> 00:42:41,560
Speaker 1: staring down the November ninth, tenth opening arguments from the

803
00:42:41,600 --> 00:42:45,520
Speaker 1: Affordable Care Act case before the Supreme Court. Obviously Judge

804
00:42:45,560 --> 00:42:48,480
Speaker 1: Amy Coney Barrett going through the confirmation process for the

805
00:42:48,520 --> 00:42:53,759
Speaker 1: Supreme Court. But if if that's struck down, will the

806
00:42:53,800 --> 00:42:58,360
Speaker 1: Republicans move to to to have a new type of

807
00:42:58,400 --> 00:43:02,080
Speaker 1: healthcare or healthcare that does impact the thirty million Americans

808
00:43:02,080 --> 00:43:04,920
Speaker 1: at least who would be impacted by that. In other words,

809
00:43:05,360 --> 00:43:08,239
Speaker 1: people who can disagree with Obamacare, but are nervous that

810
00:43:08,239 --> 00:43:11,840
Speaker 1: if Obamacare has ruled unconstitutional that they're gonna lose coverage.

811
00:43:12,120 --> 00:43:17,759
Speaker 1: That's a very real concern even amongst Republicans. Sir, well,

812
00:43:17,880 --> 00:43:21,400
Speaker 1: there's no doubt you mentioned the um the nomination of

813
00:43:21,480 --> 00:43:24,400
Speaker 1: Judge Amy Coney Barrett, and I think, um, you know,

814
00:43:24,440 --> 00:43:26,920
Speaker 1: as those hearings begin next week. You know, there's been

815
00:43:26,960 --> 00:43:29,799
Speaker 1: a huge objection by the Democrats to you know, a

816
00:43:29,880 --> 00:43:33,080
Speaker 1: hybrid hearing that that's really disingenuous. I mean, the Senate

817
00:43:33,120 --> 00:43:35,800
Speaker 1: has held over a hundred fifty of those hybrid hearings,

818
00:43:35,800 --> 00:43:38,920
Speaker 1: and so I'm anxious to see, um, um, how the

819
00:43:38,960 --> 00:43:41,920
Speaker 1: Senate moves forward with that, because she is a qualified nominee.

820
00:43:42,080 --> 00:43:45,280
Speaker 1: But certainly, yeah, I absolutely believe that, you know, healthcare

821
00:43:45,320 --> 00:43:47,640
Speaker 1: is going to continue to be an issue that Republicans

822
00:43:47,640 --> 00:43:50,719
Speaker 1: are fighting for. But certainly it's gonna take and it's

823
00:43:50,760 --> 00:43:53,960
Speaker 1: gonna take getting the Democrats in the House that have

824
00:43:54,040 --> 00:43:57,520
Speaker 1: just been obstructionists, frankly, to move forward on something that

825
00:43:57,600 --> 00:44:00,760
Speaker 1: really moves the needle on the health care and providing

826
00:44:00,960 --> 00:44:04,560
Speaker 1: affordable access to healthcare. Um. That that's the challenge that

827
00:44:04,600 --> 00:44:07,720
Speaker 1: Obamacare has failed to meet You know what, I remember

828
00:44:07,760 --> 00:44:09,520
Speaker 1: I was in the state legislature. I was Speaker of

829
00:44:09,520 --> 00:44:12,840
Speaker 1: the House when Obamacare was moving through the country, and

830
00:44:12,840 --> 00:44:15,360
Speaker 1: I remember it was supposed to be this panacea that

831
00:44:15,480 --> 00:44:18,880
Speaker 1: was going to create a new wave of people being ensured,

832
00:44:18,920 --> 00:44:21,799
Speaker 1: a new wave of people affording access to healthcare. But

833
00:44:21,920 --> 00:44:24,759
Speaker 1: the problem is people haven't gotten healthier. And we can

834
00:44:24,760 --> 00:44:27,040
Speaker 1: talk a lot about healthcare, but at some point we

835
00:44:27,080 --> 00:44:29,520
Speaker 1: have to talk about health um and that's a that's

836
00:44:29,560 --> 00:44:32,960
Speaker 1: a major issue that I think Obamacare has really failed

837
00:44:32,960 --> 00:44:36,160
Speaker 1: to address, which is health care. But you're right, Republicans

838
00:44:36,200 --> 00:44:38,320
Speaker 1: shouldn't be struck down. It's gonna have to be a

839
00:44:38,360 --> 00:44:41,120
Speaker 1: priority to move something forward that is affordable for the

840
00:44:41,120 --> 00:44:43,120
Speaker 1: American people. All right, Well, minute left. Tell me what

841
00:44:43,200 --> 00:44:45,080
Speaker 1: you're gonna be watching for for Mike Pence tonight when

842
00:44:45,120 --> 00:44:49,200
Speaker 1: he debates Senator Harris. You know, Mike Pence has been

843
00:44:49,239 --> 00:44:52,080
Speaker 1: a terrific public servant. Um, he's a man of character.

844
00:44:52,120 --> 00:44:55,080
Speaker 1: I don't think there's anybody that questions that. But he's

845
00:44:55,120 --> 00:44:57,120
Speaker 1: also going to get a chance to really tell the

846
00:44:57,239 --> 00:45:02,120
Speaker 1: story of all of the amazing pushmiths that have happened

847
00:45:02,160 --> 00:45:04,640
Speaker 1: over the last four years. I mean, you know, whether

848
00:45:04,680 --> 00:45:07,960
Speaker 1: it's working with you know, President Trump and leading him

849
00:45:07,960 --> 00:45:10,399
Speaker 1: in the Great American Comeback, which has already delivered over

850
00:45:10,440 --> 00:45:13,480
Speaker 1: eleven point four million jobs back to the economy in

851
00:45:13,560 --> 00:45:16,320
Speaker 1: just five months. Um. I think they've got a great record,

852
00:45:16,360 --> 00:45:18,640
Speaker 1: and I'm hopeful that he's gonna have time to lay

853
00:45:18,680 --> 00:45:22,960
Speaker 1: that out because once you compare the record of the

854
00:45:23,000 --> 00:45:26,760
Speaker 1: Trump pitch record to that of Joe Biden's forty seven years,

855
00:45:26,960 --> 00:45:29,360
Speaker 1: I don't think there's any there's not gonna be any

856
00:45:29,400 --> 00:45:32,120
Speaker 1: comparison for American people. All Right, thank you so much, sir.

857
00:45:32,239 --> 00:45:36,360
Speaker 1: That's G. W. Shannon and uh he of course, uh

858
00:45:36,520 --> 00:45:39,160
Speaker 1: is uh T W. Shannon, who, of course is the

859
00:45:39,160 --> 00:45:41,000
Speaker 1: former Oklahoma Speaker of the House and the co chair

860
00:45:41,000 --> 00:45:42,680
Speaker 1: of the Black Voices for Trump. More coming up next.

861
00:45:42,719 --> 00:45:49,160
Speaker 1: I'm Kevin's really This is Bloomberg. This is Bloomberg Sound

862
00:45:49,200 --> 00:45:53,759
Speaker 1: On with Kevin Currel on Bloomberg and one or five

863
00:45:53,760 --> 00:45:56,960
Speaker 1: point seven f M h D two. Kevin's really chief.

864
00:45:57,760 --> 00:46:01,160
Speaker 1: I'm Kevin's really Chief Washington correspondent for Bloomberg Television and

865
00:46:01,160 --> 00:46:03,520
Speaker 1: Boomberg Radio. We're here in Salt Lake City ahead of

866
00:46:03,840 --> 00:46:07,279
Speaker 1: tonight's vice presidential debate. Let's just go through the logistics,

867
00:46:07,719 --> 00:46:10,960
Speaker 1: shall we. Plexiglass is gonna separate them the twelve and

868
00:46:10,960 --> 00:46:13,160
Speaker 1: a half or there twelve ft three inches apart from

869
00:46:13,160 --> 00:46:15,400
Speaker 1: one another. Susan page of USA today is going to

870
00:46:15,480 --> 00:46:19,279
Speaker 1: moderate nine topics seven minutes of pop. We don't know

871
00:46:19,320 --> 00:46:22,800
Speaker 1: what the topics are, but I can guarantee economy, COVID

872
00:46:23,719 --> 00:46:25,759
Speaker 1: and the like. It comes on a day in which

873
00:46:25,800 --> 00:46:31,200
Speaker 1: stimulus talks have continued to stall back in Washington, d C.

874
00:46:32,760 --> 00:46:37,320
Speaker 1: And new polls have President Trump trailing in battleground states

875
00:46:37,320 --> 00:46:40,960
Speaker 1: double digits according to Quinnipiac and p A, Florida and

876
00:46:41,000 --> 00:46:45,279
Speaker 1: even Iowa. The President, for his part, forcefully bulldozing through

877
00:46:46,080 --> 00:46:48,800
Speaker 1: tweeting a lot dozens of time, at least throughout the

878
00:46:48,880 --> 00:46:52,880
Speaker 1: last twenty four hours, saying urging his supporters to vote

879
00:46:53,000 --> 00:46:56,520
Speaker 1: and uh and questioning the legitimacy of the polls. Tyler

880
00:46:56,560 --> 00:46:59,600
Speaker 1: Deaton's with Me, Republican strategist Fred Hawkburg's with Me, former

881
00:46:59,640 --> 00:47:03,840
Speaker 1: Export Important Bank chairman and the Obama White House author

882
00:47:03,960 --> 00:47:06,920
Speaker 1: of the book that everyone's talking about in wank World.

883
00:47:07,280 --> 00:47:09,879
Speaker 1: Trade is not a four letter word. It's a great read.

884
00:47:10,200 --> 00:47:12,799
Speaker 1: Highly encourage you to read it because especially if you

885
00:47:12,800 --> 00:47:16,319
Speaker 1: want to dive into the specifics on policy as it

886
00:47:16,360 --> 00:47:19,960
Speaker 1: relates to trade. Tyler, I want to ask you this

887
00:47:20,000 --> 00:47:22,200
Speaker 1: because I didn't really get a straight answer from my

888
00:47:22,320 --> 00:47:26,759
Speaker 1: last guest, which is what would the Republicans replace Obamacare with,

889
00:47:27,320 --> 00:47:29,840
Speaker 1: especially if it's struck down by the Supreme Court in

890
00:47:29,960 --> 00:47:33,400
Speaker 1: mid November. Well, and I think you were asking, you know,

891
00:47:33,440 --> 00:47:35,840
Speaker 1: why wasn't it repealed. The reason why it was not

892
00:47:36,000 --> 00:47:39,000
Speaker 1: repealed in the first two years of the Trump administration

893
00:47:39,080 --> 00:47:42,600
Speaker 1: is that, as I said earlier about another topic, Republicans

894
00:47:42,719 --> 00:47:47,000
Speaker 1: have been divided and Republicans are going to need leadership

895
00:47:47,080 --> 00:47:50,080
Speaker 1: on this issue. I think that the health care subject

896
00:47:50,560 --> 00:47:53,640
Speaker 1: has been elusive for Republicans now for about the past decade,

897
00:47:54,200 --> 00:47:56,760
Speaker 1: and we are going to have to move very quickly.

898
00:47:56,800 --> 00:47:58,919
Speaker 1: If the Affordable Care Act is struck down by the Court,

899
00:47:59,320 --> 00:48:02,080
Speaker 1: that means that young adults and under could be kicked

900
00:48:02,080 --> 00:48:04,560
Speaker 1: off insurance. It means that people who are in the

901
00:48:04,600 --> 00:48:07,919
Speaker 1: expanded Medicaid programs could be kicked off. Um, we're talking

902
00:48:07,960 --> 00:48:10,120
Speaker 1: about tens of millions of people whose health care and

903
00:48:10,160 --> 00:48:12,560
Speaker 1: their health insurance could be JEOPARDI and the reason I

904
00:48:12,560 --> 00:48:15,920
Speaker 1: bring it up is it doesn't not like respectfully to

905
00:48:16,600 --> 00:48:19,080
Speaker 1: whether you agree with the Bombacare or disagree with the Bombacare.

906
00:48:19,120 --> 00:48:22,680
Speaker 1: There's confusion in the marketplace if this thing gets struck down.

907
00:48:23,000 --> 00:48:26,560
Speaker 1: So I think that a citizen deserves clarity on what

908
00:48:26,719 --> 00:48:29,680
Speaker 1: happens if their health care is struck down. It's a

909
00:48:29,760 --> 00:48:32,840
Speaker 1: legitimate it's not their fault that Washington d c. Created

910
00:48:33,200 --> 00:48:37,000
Speaker 1: a law that's unconstitutional. Should the Supreme Court do it? Tyler? So,

911
00:48:37,080 --> 00:48:39,920
Speaker 1: I just it's a lot of confusion. It's a lot

912
00:48:39,960 --> 00:48:42,360
Speaker 1: of confusion here. Here's where I would say that the

913
00:48:42,440 --> 00:48:45,400
Speaker 1: rubber hits the road is that, um, we're in a pandemic,

914
00:48:45,920 --> 00:48:50,040
Speaker 1: and I'm actually surprised that health care as a subject

915
00:48:50,400 --> 00:48:53,520
Speaker 1: hasn't become a bigger issue. And then the polling that

916
00:48:53,600 --> 00:48:56,560
Speaker 1: I see privately on the Republican side, it is a

917
00:48:56,560 --> 00:49:00,400
Speaker 1: weakness for Republicans. And so I think tonight we expect

918
00:49:00,400 --> 00:49:02,080
Speaker 1: that one of the nine topics will be health care

919
00:49:02,680 --> 00:49:05,200
Speaker 1: UM and and I hope that Vice President Pence talks

920
00:49:05,200 --> 00:49:07,200
Speaker 1: a little bit about what Republicans are prepared to do.

921
00:49:07,280 --> 00:49:09,319
Speaker 1: I do know that we're prepared to make sure that

922
00:49:09,640 --> 00:49:13,840
Speaker 1: pre existing conditions are continued to be covered UM under

923
00:49:13,840 --> 00:49:17,120
Speaker 1: health insurance. But there's a lot here, and I think

924
00:49:17,120 --> 00:49:19,400
Speaker 1: that we all just have to admit, Republican and Democrats,

925
00:49:19,400 --> 00:49:22,080
Speaker 1: that if the Supreme Court comes to a decision that

926
00:49:22,120 --> 00:49:26,160
Speaker 1: the individual mandate was unconstitutional, there is going to have

927
00:49:26,239 --> 00:49:29,520
Speaker 1: to be a bipartisan effort. And I really mean that

928
00:49:29,600 --> 00:49:32,279
Speaker 1: Democrats and Republicans are going to have to come up

929
00:49:32,320 --> 00:49:34,120
Speaker 1: with a new way to make sure that these tens

930
00:49:34,120 --> 00:49:37,520
Speaker 1: of millions of people who get kicked off health insurance

931
00:49:37,960 --> 00:49:40,680
Speaker 1: get coverage during a pandemic. Well, one of the things

932
00:49:40,719 --> 00:49:42,719
Speaker 1: that I hope doesn't happen tonight, Fred, is that they

933
00:49:42,760 --> 00:49:45,520
Speaker 1: relitigate the crash of two thousand and eighteen like they

934
00:49:45,560 --> 00:49:49,480
Speaker 1: did last week, without spending much time on the economic

935
00:49:49,560 --> 00:49:53,319
Speaker 1: calamity that we find ourselves in in this moment. I mean,

936
00:49:53,320 --> 00:49:55,719
Speaker 1: you have a party and a president who really don't

937
00:49:55,760 --> 00:50:00,600
Speaker 1: believe in government, and I want to draw they have.

938
00:50:00,880 --> 00:50:05,200
Speaker 1: We couldly over the last decade made tweaks to Obamacare

939
00:50:05,239 --> 00:50:07,000
Speaker 1: to make it better. But when you have one side

940
00:50:07,000 --> 00:50:09,839
Speaker 1: that wants nothing to do with it but to end

941
00:50:09,880 --> 00:50:12,680
Speaker 1: it without a replacement, that's why we're in this dilemma.

942
00:50:12,800 --> 00:50:14,759
Speaker 1: All right, Fred, Let's tell me what's on your radar.

943
00:50:14,880 --> 00:50:17,279
Speaker 1: Make a policy oriented. What's on your radar tonight? Make

944
00:50:17,320 --> 00:50:20,080
Speaker 1: a policy oriented for me on the VP debate? What's

945
00:50:20,080 --> 00:50:22,719
Speaker 1: on your radar? Well, I think on the radar is

946
00:50:23,000 --> 00:50:25,719
Speaker 1: getting the country healthy and then getting our economy back.

947
00:50:25,800 --> 00:50:28,600
Speaker 1: But first things first, we have to defeat and we

948
00:50:28,640 --> 00:50:33,399
Speaker 1: have to move forward on this pandemic, and right now

949
00:50:33,440 --> 00:50:35,440
Speaker 1: we don't seem to be doing that. And you know,

950
00:50:35,520 --> 00:50:38,000
Speaker 1: I know the President and Mike Pence would like to

951
00:50:38,360 --> 00:50:41,040
Speaker 1: walk as far away from the COVID crisis as possible,

952
00:50:41,480 --> 00:50:44,400
Speaker 1: And those plexic gast barriers on the stage make it

953
00:50:44,440 --> 00:50:47,400
Speaker 1: apparently clear we have a crisis, and there is a

954
00:50:47,440 --> 00:50:50,560
Speaker 1: crisis that has not been attention to. This election is

955
00:50:50,600 --> 00:50:54,520
Speaker 1: a referendum on the leadership and the administration of Donald

956
00:50:54,520 --> 00:50:58,000
Speaker 1: Trump and Mike Pence period. Right I'm interviewing Mayor Buddha

957
00:50:58,080 --> 00:51:01,440
Speaker 1: Judge in like two hours to hours. Uh, And I

958
00:51:01,520 --> 00:51:04,080
Speaker 1: know that that, uh, you were a prominent backer of

959
00:51:04,200 --> 00:51:07,960
Speaker 1: his presidential campaign. He was reportedly he was the one

960
00:51:08,040 --> 00:51:11,520
Speaker 1: that played Mike Pence and the debate prep for Senator Harris.

961
00:51:12,400 --> 00:51:15,319
Speaker 1: Did you know that, Fred I didn't know that. Well,

962
00:51:15,360 --> 00:51:18,160
Speaker 1: he knows that he knows Mike Pence. Well, Mike Pence

963
00:51:18,280 --> 00:51:22,400
Speaker 1: was the governor of Indiana. Uh Pete Boutages was the mayor,

964
00:51:22,760 --> 00:51:27,360
Speaker 1: so included they he has firsthand and and personal experience

965
00:51:27,520 --> 00:51:29,920
Speaker 1: with the Vice president. Have you ever been a debate

966
00:51:29,920 --> 00:51:32,640
Speaker 1: prep tread for any any debate? Have you done? Do

967
00:51:32,719 --> 00:51:34,839
Speaker 1: they imitate the voice? That's what I want to figure out,

968
00:51:36,200 --> 00:51:39,520
Speaker 1: uh Y's ask you should ask Pete Boutages that question.

969
00:51:39,600 --> 00:51:41,000
Speaker 1: All right, I'm gonna say that you told me to

970
00:51:41,000 --> 00:51:48,800
Speaker 1: ask Tyler what's on your radar? And well? Am I

971
00:51:48,880 --> 00:51:52,000
Speaker 1: restricted to policy too? Or can I pick something political?

972
00:51:52,600 --> 00:51:55,560
Speaker 1: You can do whatever you want, Tyler. Okay, cool, I'll

973
00:51:55,560 --> 00:51:59,080
Speaker 1: tell you what I'm watching, which is that, um, the

974
00:51:59,160 --> 00:52:03,840
Speaker 1: polling at the sidential level is apocalyptically bad right now

975
00:52:03,960 --> 00:52:07,200
Speaker 1: for President Trump. But but what I'm seeing is they're

976
00:52:07,239 --> 00:52:09,680
Speaker 1: starting to be a little bit of a divergence between

977
00:52:10,200 --> 00:52:13,080
Speaker 1: the presidential vote and the votes that people are casting

978
00:52:13,080 --> 00:52:16,680
Speaker 1: For Senate. You've got these two really competitive races on

979
00:52:16,719 --> 00:52:20,080
Speaker 1: the East Coast with Susan Collins and Maine Tom Tillis

980
00:52:20,080 --> 00:52:23,160
Speaker 1: in North Carolina. There's been a lot of new revelations

981
00:52:23,160 --> 00:52:27,279
Speaker 1: about Tom Tillis's opponent having multiple extramarital affairs. And then

982
00:52:27,320 --> 00:52:30,719
Speaker 1: you have Susan Collins, who is just running probably the

983
00:52:30,760 --> 00:52:34,080
Speaker 1: most solid campaign in America right now. She's the most

984
00:52:34,080 --> 00:52:37,640
Speaker 1: bipartisan senator in in the United States Senate. And I

985
00:52:37,760 --> 00:52:39,400
Speaker 1: just have a little bit of a sense from some

986
00:52:39,480 --> 00:52:42,520
Speaker 1: of the polling that I'm seeing that both Tom Tillis

987
00:52:42,520 --> 00:52:45,839
Speaker 1: and Susan Collins our position to be able to win.

988
00:52:45,920 --> 00:52:49,080
Speaker 1: And this this creates a huge problem for Senate Democrats

989
00:52:49,120 --> 00:52:52,359
Speaker 1: because their path to retaking the Senate goes through North

990
00:52:52,400 --> 00:52:55,560
Speaker 1: Carolina and Maine. If they're not able to defeat Tom

991
00:52:55,560 --> 00:52:58,479
Speaker 1: Tillus or Susan Collins, they've got to win another much

992
00:52:58,560 --> 00:53:03,040
Speaker 1: more Republican areas South Carolina, like a Kansas for one

993
00:53:03,080 --> 00:53:05,480
Speaker 1: of these seats that's up in Georgia. But I do

994
00:53:05,600 --> 00:53:08,200
Speaker 1: find that interesting that so many independent voters, I think

995
00:53:08,239 --> 00:53:11,400
Speaker 1: are starting to see the possibility of splitting their ticket.

996
00:53:11,440 --> 00:53:13,960
Speaker 1: Perhaps they may vote for Biden at the top, but

997
00:53:14,000 --> 00:53:16,600
Speaker 1: then they're voting for Republicans to send to the U. S. Senate.

998
00:53:16,680 --> 00:53:18,840
Speaker 1: And I think that that's a growing trend that we

999
00:53:18,880 --> 00:53:21,000
Speaker 1: could see more of here in the final weeks of

1000
00:53:21,040 --> 00:53:24,720
Speaker 1: the kimping. Historically, is is does that typically happen Tyler?

1001
00:53:25,080 --> 00:53:27,919
Speaker 1: Or is that is that very Is that a difficult hurdle.

1002
00:53:28,000 --> 00:53:30,880
Speaker 1: It used to happen. Look, it used to happen a lot.

1003
00:53:30,920 --> 00:53:33,359
Speaker 1: There used to be a total scramble between people's vote

1004
00:53:33,400 --> 00:53:35,759
Speaker 1: for president and Senate. In two six, it was the

1005
00:53:35,800 --> 00:53:39,960
Speaker 1: first time in the modern era that every state's electoral

1006
00:53:40,040 --> 00:53:44,440
Speaker 1: votes matched their Senate votes. But that's very recent, especially

1007
00:53:44,480 --> 00:53:47,280
Speaker 1: in Maine, there's a lot of independent voters. These voters

1008
00:53:47,280 --> 00:53:49,960
Speaker 1: are very elastic, They're willing to vote for people from

1009
00:53:49,960 --> 00:53:53,160
Speaker 1: both parties, and so that makes it possible for Susan

1010
00:53:53,200 --> 00:53:56,319
Speaker 1: Collins to get reelected. North Carolina, it's the same deal.

1011
00:53:56,360 --> 00:53:59,400
Speaker 1: There's just a lot of suburban voters who, while they

1012
00:53:59,440 --> 00:54:02,319
Speaker 1: might be turned off by President Trump, they still are

1013
00:54:02,360 --> 00:54:06,640
Speaker 1: more supportive of a Republican Senate majority. And so if

1014
00:54:06,680 --> 00:54:10,600
Speaker 1: people start to feel like maybe these Democratic candidates for

1015
00:54:10,719 --> 00:54:12,759
Speaker 1: Senate are just a little too far left, or if

1016
00:54:12,800 --> 00:54:15,880
Speaker 1: it becomes obvious that they're to the left of Joe Biden,

1017
00:54:16,320 --> 00:54:20,920
Speaker 1: then people might feel more comfortable sticking with these Republican incumbents.

1018
00:54:21,440 --> 00:54:23,160
Speaker 1: I don't know, I don't know. We got a minute

1019
00:54:23,840 --> 00:54:26,320
Speaker 1: that's I don't know if that's I I haven't seen

1020
00:54:26,320 --> 00:54:30,840
Speaker 1: that in the data. I mean, there's very little hasn't happened.

1021
00:54:31,280 --> 00:54:34,400
Speaker 1: All right, We're gonna leave it there. Fred Ochberg, Tyler Deeton,

1022
00:54:34,800 --> 00:54:38,600
Speaker 1: I'm Kevin's really chief Washington correspondent Fromloomberg TV and Radio radio.

1023
00:54:39,200 --> 00:54:41,760
Speaker 1: Make sure to tune into our cross platform special coverage

1024
00:54:41,760 --> 00:54:45,040
Speaker 1: special coverage on Loan UH here in Salt Lake City,

1025
00:54:45,560 --> 00:54:49,400
Speaker 1: Utah for the vice presidential debate. That does it for me.

1026
00:54:49,560 --> 00:54:51,960
Speaker 1: Thanks for listening. My name is Kevin CEREALI I'm the

1027
00:54:52,000 --> 00:54:55,080
Speaker 1: chief Washington correspondent from Bloomberg TV and Radio. Thanks for

1028
00:54:55,120 --> 00:55:00,520
Speaker 1: listening to Bloomberg and whom