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Speaker 1: Live from our Nation's All Talk here in Washington, d

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Speaker 1: C turns to President elect Joe Biden's administration, historically speaking

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Speaker 1: the markets that performed better when there is divided government.

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Speaker 1: The biggest pressure for physical stimulus is an off taking cases.

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Speaker 1: Bloomberg Sound on the insiders, the influencers, the inside siding

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Speaker 1: has promised again and again it tables unite the country's

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Speaker 1: state government's control elections as in the Constitution. I think

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Speaker 1: that we can expect a smooth, thoughtful, methodical transition. This

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Speaker 1: is Bloomberg Sound on with Kevin Shirley on Bloomberg Woman

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Speaker 1: and one oh five point seven MHD two bigs that

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Speaker 1: negotiators reached outline of an historic trade agreement. Meanwhile, Governor

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Speaker 1: Plomo extending in a fiction ban and one million US

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Speaker 1: shots added into what folks are able to get for

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Speaker 1: Americans getting the vaccine. And House Minority Leader Kevin McCarthy

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Speaker 1: told fellow Republicans that Speaker Pelosi's attempt to pass a

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Speaker 1: bill boosting stimulus payments will fail. According to a person

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Speaker 1: familiar with the conversation, we have a lot to get through. Plus,

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Speaker 1: President Trump's latest comments regarding the Defense Authorization Act leave

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Speaker 1: again tonight with the big story. President Trump veto is

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Speaker 1: the key defense bill, calling it a gift to China.

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Speaker 1: John Harney and Roxanna Tyron report on the Bloomberg terminal.

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Speaker 1: President Donald Trump on Wednesday vito the seven hundred and

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Speaker 1: forty point five billion dollar US Defense Policy Bill after

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Speaker 1: Congress refused to include language that would abolish liability protections

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Speaker 1: for technology companies, including Facebook and Twitter. Unfortunately, the act

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Speaker 1: fails to include critical national security measures, includes provisions that

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Speaker 1: failed to respect our veterans and our military's history, and

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Speaker 1: contradicts efforts by my administrations to put America first in

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Speaker 1: our national security and foreign policy actions, the President said.

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Speaker 1: In a statement. Roxanna Tyron joins us. She is Bloomberg's

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Speaker 1: government senior reporter covering Congress and National Secure Artie. Roxanna,

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Speaker 1: thank you so much for joining us. Do you think

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Speaker 1: that the votes are there to overturn the video? Thanks

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Speaker 1: for having me, Kevin UM. Yes, I think that President

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Speaker 1: Trump UM is setting himself up for the first video

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Speaker 1: overright of his presidency, just as he's out the door. UM. So,

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Speaker 1: both the House and the Senate passed the Annual Defense

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Speaker 1: Authorization Bill with with video proof majority. UM However, some

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Speaker 1: of these votes might peel off. You know, Republican leader

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Speaker 1: in the House Kevin McCarthy said he's going to vote

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Speaker 1: to sustain the vitos, so so they're gonna lose a

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Speaker 1: few votes there, but overall, um, the you know, the

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Speaker 1: the going reasoning is that both the House and the

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Speaker 1: Senate will have enough votes to override the presidential vi Now,

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Speaker 1: I want to play for you sound on what President

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Speaker 1: Trump had to say last year on December two thousand

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Speaker 1: and nineteen when he was welcomed with fanfare Joint based Andrews.

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Speaker 1: And he told the crowd at the time of military

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Speaker 1: members that he was keeping his promise to expand the military.

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Speaker 1: Take a listen to the president last year. In just

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Speaker 1: a few minutes, I will proudly sign into law the

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Speaker 1: largest ever investment in the United States military. In fact,

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Speaker 1: I can say the largest ever by far. What a

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Speaker 1: difference one year can make, ROXIANTA. What changed? I think

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Speaker 1: what changed is the fact that both the House and

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Speaker 1: the Jupy led Senate refused to include the repeal of

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Speaker 1: Section to thirty. And I don't think we can understate that. Um,

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Speaker 1: I think he really wanted to see the repeal sign

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Speaker 1: into law. It's something that he has pushed for, and

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Speaker 1: the Republicans Democrats also think it should be UM. It

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Speaker 1: should be UM overhauled. But he has pushed for this

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Speaker 1: for a very long time. And obviously he's very upset

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Speaker 1: with Twitter and Facebook and and so on. UM and

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Speaker 1: and so I think he's a video in this measure

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Speaker 1: over an unrelated measure. He's also very displeased about UM

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Speaker 1: a provision in the bill that would require the renaming

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Speaker 1: of military basis that honor Confederate General UM. He has

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Speaker 1: made a big point about this. He didn't want those

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Speaker 1: spaces to change their names UM. And obviously he's uh,

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Speaker 1: he's putting a lot of a lot of the Republican

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Speaker 1: lawmakers UM in a bind with this with this video

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Speaker 1: over the Confederate UM named basis. In terms of the timetable,

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Speaker 1: when will the vote be in the Senate to override

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Speaker 1: this video? Two thirds needed? Of course, Yes, So the

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Speaker 1: House has already set the day for for the twenty eight,

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Speaker 1: which is Monday. If the House overrides the video, then

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Speaker 1: the Senate will come in on the twenty nine. It

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Speaker 1: is unclear whether the Senate will be able to have

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Speaker 1: the final more write vote on the twenty nine because

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Speaker 1: as you know, UH, they have to go through a

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Speaker 1: lot of legislative process, and people like Maran Paul and

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Speaker 1: others might insist ongoing through the rigors, which means that

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Speaker 1: the final override vote could come just hours before Congress asked,

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Speaker 1: which is over on January three. Meanwhile, just to to

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Speaker 1: to add some context to this, the President, as Roxanna

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Speaker 1: just outlined, wants to uh eliminate section to thirty of

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Speaker 1: the Communications Decency Act. This is the section to thirty

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Speaker 1: that we've interviewed Senator Marshall Blackburn, the Republican from Tennessee about,

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Speaker 1: and it protects technology companies from liability for most content

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Speaker 1: published by their users. The President has repeatedly tweeted veto

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Speaker 1: warnings of Congress did not make that part of the

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Speaker 1: annual legislation. Okay, so again breaking news this afternoon, the

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Speaker 1: President has vetoed the Defense Authorization Bill, setting up a

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Speaker 1: major showdown with Congress as the clock ticks ticks down

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Speaker 1: into the new Congress. Now, let's switch gears and get

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Speaker 1: to the other developing story, which is the President's decision

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Speaker 1: not to sign or weighing not signing the nine billion

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Speaker 1: dollar economic stimulus bill. We've got sounds on the President's

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Speaker 1: comments from last evening, in which he tweeted out the

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Speaker 1: following statement, I'm also asking Congress to immediately get rid

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Speaker 1: of the wasteful and unnecessary items from this legislation and

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Speaker 1: to send me a suitable bill, or else the next

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Speaker 1: administration will have to deliver a COVID relief package. And

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Speaker 1: maybe that administration will be me and we will get

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Speaker 1: it done. He also had this to say, Congress found

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Speaker 1: plenty of money for foreign countries, lobbyists, and special interests

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Speaker 1: while sending the bare minimum to the American people who

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Speaker 1: needed it. Wasn't their fault, it was China's fault. Not Therefore,

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Speaker 1: what is the Republican reaction, Ben Roxana on Capitol Hill

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Speaker 1: to the President's decision to increase stimulus checks? Is that

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Speaker 1: something that Republicans can get on board for. It doesn't.

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Speaker 1: It doesn't seem likely. Our colleagues Billy house And and

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Speaker 1: Laura Davidson just reported that on a conference call with

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Speaker 1: the Republican Caucus, Kevin McCarthy, the minority leader, has said

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Speaker 1: that they won't support UH Unanimous Consent tomorrow UH to

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Speaker 1: UM to proceed with UM a bill that would UM

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Speaker 1: increase those those checks to two thousand dollars. And so

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Speaker 1: what does that mean for folks just tuning in and

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Speaker 1: in terms of the unanimous consent procedures, obviously this is

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Speaker 1: a procedural, a streamline that would make it faster for

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Speaker 1: Speaker Pelosi to bring this to a vote. But is

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Speaker 1: the minority leader in going against President Trump? He must

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Speaker 1: feel that he has nothing to lose. It's a very

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Speaker 1: likely I think he fears UM, his his you know,

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Speaker 1: his own caucus more than UM, more than President Trump. UM.

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Speaker 1: You know it. It was really hard to convince them

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Speaker 1: to go with even the six checks. So I think, UM,

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Speaker 1: I think he UM, you know, he's just not going

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Speaker 1: or he's just not going to play into into polosis

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Speaker 1: UM you know, UM act here or you know, UM

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Speaker 1: attempt to UM you know, to increase, to increase that number.

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Speaker 1: And we haven't heard much from Senard Republicans. Lindsey Graham

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Speaker 1: last night tweeted, uh, who's an ally of Presidents Trump?

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Speaker 1: Of course tweday that they should be doing the two

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Speaker 1: thousand dollar text. But he's one of the few voices

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Speaker 1: that we have seen coming out of the Senate, and

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Speaker 1: of course he has said that they should attach the

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Speaker 1: repeal of Section to thirty to legislation as well to

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Speaker 1: to COVID relief legislation as well. What are Senate Majority

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Speaker 1: Leader McConnell said, last question for you, I have we

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Speaker 1: have not seen anything out of McConnell. Remarkable today that

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Speaker 1: that McConnell's political orbit incredibly tight lipped. As these late

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Speaker 1: developing and the clock takes down in terms of strategy, again,

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Speaker 1: President Trump deciding to veto the Defense Authorization Bill, as

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Speaker 1: we just heard, it will set up a dramatic showdown

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Speaker 1: after Christmas and as the clock strikes down to a

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Speaker 1: transfer in a new Congress. And of course, uh no

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Speaker 1: one knows what will happen with that nine hundred billion

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Speaker 1: dollar economic stimulus bill. Great reporting, Roxanna, Thank you so

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Speaker 1: much for joining us. Roxanna Tyron Bloomberg, government senior reporter

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Speaker 1: covering Congress and National Security. No better colleague to have

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Speaker 1: on the program to kick things off on such a nuanced,

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Speaker 1: important news day than Roxanna. Coming up next, we're gonna

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Speaker 1: check in on the n d A A Veto as

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Speaker 1: well as continue to monitor how the markets have reacted.

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Speaker 1: The stocks looking to snap a three day using run.

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Speaker 1: This is the pound gains fresh off of those Brexit negotiations.

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Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg Television and

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Speaker 1: for Bloomberg Radio. Nikki Schwab, Al Weaver and Tammy had

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Speaker 1: Ad join me in the next hour. You're listening to Bloomberg.

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Speaker 1: This is Bloomberg's Sound On with Kevin Surrel on Bloomberg

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Speaker 1: and one or five point seven m h D two.

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

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Speaker 1: for Bloomberg Television and for Bloomberg Radio. Look up, look

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Speaker 1: up at the guy. We have been getting some incredibly

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Speaker 1: beautiful sunsets around this time of year the past couple

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Speaker 1: of days, and I'm staring out at our Bloomberg Headquarters,

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Speaker 1: Washington Bureau out the window and we see the reflection.

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Speaker 1: I'm telling you, folks, the sky this week just really

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Speaker 1: really awesome. To see the sunset in the different color

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Speaker 1: palette up there in the clouds, just amazing. Our executive

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Speaker 1: producer of the sound on Bloomberg Radio Family, Christine Barrata,

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Speaker 1: giving us a tweet in the break. Senator Mark Warner

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Speaker 1: Democrat top Democrat Intelligence Committee tweets quote, I look forward

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Speaker 1: to overriding this ridiculous attempt to undermine our national security.

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Speaker 1: He of course, is tweeting in relation to President Trump's

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Speaker 1: decision to veto the Defense Authorization Bill. We are continuing

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Speaker 1: to monitor that ongoing story and will bring you the

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Speaker 1: latest reaction and comments as it happens. There was another

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Speaker 1: situation that occurred across the Pond, as they say, as

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Speaker 1: the UK and EU are set to seal Brexit trade

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Speaker 1: deal after a compromise on fish, Britain and the European

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Speaker 1: Union look to set to see The Britain and the

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Speaker 1: European Union looks set to seal and historic post Brexit

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Speaker 1: trade accord in time for Christmas, after negotiators reached the

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Speaker 1: outline of a deal that includes a compromise on fishing

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Speaker 1: rights that negotiating teams. We're still working late Wednesday to

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Speaker 1: finalize the wording of the agreement, which will formally complete

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Speaker 1: Britain separation from the Block almost five years after the

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Speaker 1: two thousand and sixteen referendum. I mentioned this because the markets,

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Speaker 1: of course, we're moving off of this news. US stocks

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Speaker 1: rose for the first time in four days as investors

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Speaker 1: looked past President Trump's demand for changes to pandemic relief

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Speaker 1: le legislation, and the pound gained as an outline of

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Speaker 1: the post brexit trade deal was reached. The SMP five

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Speaker 1: hundred was led higher by the energy and financial sectors,

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Speaker 1: while real estate and technology shares underperformed. The NASDAC Composite

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Speaker 1: and Russell two thousand indexes set record highs joining US.

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Speaker 1: Now it's a breakdown what happened in the States. What

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Speaker 1: happened in the UK? Is Elena Pappina, Bloomberg Markets Reporter. Alright, Elena,

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Speaker 1: what drove the markets today? The UK or the US? Hey, Kevin,

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Speaker 1: it's most of the US. We got a slew of

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Speaker 1: economic data. Is the first part of the session. The

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Speaker 1: data was mixed. To know, traders schoolky Web their minds

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Speaker 1: around the data. So they decided to just look fast

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Speaker 1: any kind of data. To day. They decided to look

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Speaker 1: fast the headlines. They focused on the positives. They focused

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Speaker 1: all the fund that we do have the stimulus package.

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Speaker 1: There are a lot of concerns and questions around them,

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Speaker 1: but if we do have it, it's you know, the

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Speaker 1: holiday shortened week before Christmas, and they know there was

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Speaker 1: just this desire to push the market higher. But we

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Speaker 1: finished the S and P flet hundreds finished the day

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Speaker 1: um slightly higher about zero point one in degree, but

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Speaker 1: that's still near zero point five percent from its record high.

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Speaker 1: So we are finishing the year and the month and

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Speaker 1: a very positive and that's what investors wanting to focus

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Speaker 1: on today. You know, I thought, I thought my friend,

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Speaker 1: my mentor my colleague Tom Keene on Bloomberg Surveillance really

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Speaker 1: captured this this morning on Bloomberg Surveillance and the conversation

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Speaker 1: continuing on the simulcast of Bloomberg Television and Radio, and

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Speaker 1: the conversation on radio. As Tom always points out, in

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Speaker 1: that the markets really didn't budge off of the unpredictability

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Speaker 1: of the president's comments, decisions, the veto with regards to

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Speaker 1: the Defense Authorization Bill, the threat not to sign the

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Speaker 1: economic stimulus Why not, Elena popular. Yeah, So that's a

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Speaker 1: great point of point, Cavin. You know a lot of

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Speaker 1: a lot of defense companies, a few gun related companies

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Speaker 1: did move a little bit on that headline, But when

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Speaker 1: we look at the S and P five hundred all

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Speaker 1: across the universe, there was not a ton of a

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Speaker 1: ton of reaction to that. That's because the investors right

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Speaker 1: now are tining their tension to what's going to happen

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Speaker 1: in three weeks and that's the fourth quarter earning season,

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Speaker 1: and for that forces post quarter earning season expectations are

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Speaker 1: off the charts. You know, there is a really high

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Speaker 1: number four earnings growth for reading a growth. There is

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Speaker 1: a lot of optimism about growth being all across the board,

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Speaker 1: across all allowance industry groups in the SPECI condred So

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Speaker 1: that is something that investors are looking at. They do

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Speaker 1: understand that there's going to be a lot of give

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Speaker 1: and take around this tumus technics and the defense bill,

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Speaker 1: but as of right now, they are looking at hard numbers,

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Speaker 1: hard numbers of top line and bottom up growth and

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Speaker 1: they do like these numbers a lot. So why do

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Speaker 1: you think that is though, I mean, because they're still

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Speaker 1: assuming the market assumption is that lawmakers will get to

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Speaker 1: some type of arrangement on the stimulus, regardless of what

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Speaker 1: the back and forth is. And I gotta be honest,

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Speaker 1: we're out of the fourth quarter. We're in overtime. We

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Speaker 1: are definitely in overtime now, folks. For the nine billion

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Speaker 1: dollars eimulus to get across the finish line. But the

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Speaker 1: markets really are are not blinking because they still feel

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Speaker 1: Lena popular that there's going to be that some type

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Speaker 1: of stimulus that assigned it to law. Yes, yes, absolutely,

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Speaker 1: they do think a lot of hopes on that because,

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Speaker 1: let's be honest, if you look at the economic data,

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Speaker 1: the economic momentum started to wane towards the end of

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Speaker 1: this year just because the money from the previous stimulus

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Speaker 1: package is dried up. But there is still these really

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Speaker 1: a lot of a lot of folks are telling me,

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Speaker 1: there's a lot of investors, a lot of asset managers

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Speaker 1: are telling me that they do expect, as a base

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Speaker 1: case scenario, if we don't get the stimulus, if something

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Speaker 1: goes wrong, that's going to be the president for a

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Speaker 1: correction of five or ten percent, even that big. So

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Speaker 1: they do beIN a lot of hopes on the stimulus,

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Speaker 1: and they do try to focus on the positives right now.

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Speaker 1: My expomationess, hey, we've had a crazy year. They didn't

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Speaker 1: get tired of all the back and forth. They just

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Speaker 1: want to hope everything's going to work out fine, and

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Speaker 1: if not, they're going to worry about this into one

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Speaker 1: in January. The first week of January, that's that's the

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Speaker 1: historically very week um week for U S stocks. That's

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Speaker 1: where some of the sell off historically takes place. What

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Speaker 1: we're going through right now is what you know, people

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Speaker 1: are calling the Santa Rally, right so that's kids, are

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Speaker 1: you hearing this, It's called the Santa Rally. Listen up,

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Speaker 1: there's it's everywhere. Go ahead of Lena Popular, It's everywhere

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Speaker 1: exactly so. So historically, if you look at the past

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Speaker 1: fifty years of the S and pop A hundreds performance

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Speaker 1: December and it will the past two weeks of December

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Speaker 1: have historically been some of the fontest to periods of

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Speaker 1: time for the SMP and the doubt. So that that

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Speaker 1: we have this, we have history and seasonality on our side,

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Speaker 1: we have the vaccine on our side, we have stimulus

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Speaker 1: bill on our side, so we have a lot of

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Speaker 1: factors that are support in this rally and find you know,

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Speaker 1: the STEC isn't up a town for December. It's rallies

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Speaker 1: like crazy. Last month when you know small caps rally

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Speaker 1: to an all time high. You know, NAZAC everyone was

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Speaker 1: up a lot. This month is more of a you know,

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Speaker 1: it's a slow grind higher. It's not going off the charts.

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Speaker 1: So that is understandable when you look at the factors

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Speaker 1: that investors are looking at. Yes, there is a lot

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Speaker 1: of concern about the bill and the veto, the Defense

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Speaker 1: Bill veeto, but you know, investors try to to look

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Speaker 1: at this as the glasshoussool Elena Papula, Just in the

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Speaker 1: less than a minute that I have left with you,

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Speaker 1: you have a great story out on the terminal with

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Speaker 1: our colleague Andre Tartar headlined hardly anyone who's actually inside

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Speaker 1: wall streets, big office towers. A study of mobile phones

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Speaker 1: found foot traffic inside New York City's Financial District's declining

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Speaker 1: after steady rise during the summer. Elena, when do you

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Speaker 1: think that foot traffic will come back to life? Not

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Speaker 1: until what people are telling me. And I've talked to

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Speaker 1: a lot of folks for this story. You know, people

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Speaker 1: are telling me it's not until the beginning of summer

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Speaker 1: or the finality two or three weeks of summer. So

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Speaker 1: there's gonna be this, you know, this decline in food

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Speaker 1: traffic into March, and things may start to look up

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Speaker 1: a little bit into April and May, but you know what.

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Speaker 1: A lot of that hinges on the vaccine. A lot

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Speaker 1: of that is depending on what's going to happen in

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Speaker 1: the next two or three weeks or months. So we're

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Speaker 1: gonna hope for the better obviously. All right, Atlanta Papina,

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Speaker 1: Bloomberg Markets Reporter, thanks for breaking all of that down,

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Speaker 1: great reporting, and of course thanks for keeping our eye

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Speaker 1: on that list that we're all checking twice. I'm trying, folks,

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Speaker 1: the Santa claus Rally. I just wanted to end with

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Speaker 1: the Santa Rally. I'm Kevin s Reli, Chief Washington Correspondent.

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Speaker 1: Much more coming up on that and the Santa Rally.

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Speaker 1: You're listening, Bloomberg Night, and I want one Nation's camera

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Speaker 1: all talk here in Washington. D C turns to President

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Speaker 1: elect Joe Biden's administration. Historically speaking, the markets that performed

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Speaker 1: better when there is divided government. The biggest pressure for

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Speaker 1: physical stimulus is an off taking cases. Bloomberg Sound on

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Speaker 1: the insiders, the influencers. The inside riding has Thomas again

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Speaker 1: and again. They tables unite the country's state government's control

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Speaker 1: elections as in the Constitution. I think that we can

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Speaker 1: expect a smooth thoughtful, methodical transition. This is Bloomberg Sound

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Speaker 1: On with Kevin Shirley on Bloomberg and one oh H

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Speaker 1: D two. President Trump vetos the Defense Authorization Bill. Lawmakers

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Speaker 1: say they have the votes to override it. Meanwhile, the reaction,

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Speaker 1: the fallout and spinning it forward. On the economic stimulus,

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Speaker 1: President Trump says, the six d dollar checks are nowhere

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Speaker 1: near enough. All of that, plus Andrew Yang files to

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Speaker 1: run for New York City mayor, We're gonna check in

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Speaker 1: on the rest runs closing in the city for outdoor

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Speaker 1: dining with the co owner co founder of Bench Chilibill,

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Speaker 1: Virginia Ali, and what's next for the media and the

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Speaker 1: post Trump era. Tammy Haddad joined us as well, lots

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Speaker 1: to get through if we begin tonight with the big story,

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Speaker 1: President Trump saying he is vetoing the Defense Authorization Bill

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Speaker 1: because it does not do enough to repeal Section two

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Speaker 1: thirty of the Communications Decency Act. This, of course, has

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Speaker 1: been a policy position that the President, as well as

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Speaker 1: some Republicans like Senator Marcia Blackburn, a Republican of Tennessee,

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Speaker 1: have been advocating for UH. With regards to reigning in

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Speaker 1: big tech. Nikki Schwab joined just senior US political reporter

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Speaker 1: at The Daily Mail and Al Weaver, national political reporter

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Speaker 1: at The Hill. Nikki, what has the reaction been in

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Speaker 1: terms of Republicans and Democrats being able to override the

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Speaker 1: president's veto? I mean, if you're looking at the votes, Kevin,

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Speaker 1: it seems like they will be able to actually override

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Speaker 1: the veto. And also this was expected. I think everyone

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Speaker 1: was sort of, you know, shaken up last night when

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Speaker 1: we heard that Trump might also you know, the bigs

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Speaker 1: COVID stimulus bill, uh and that you know, obviously it

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Speaker 1: was was kind of a shock. But this one, we've

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Speaker 1: known for basically months that he was going to vito

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Speaker 1: and that the votes existed for him to our for

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Speaker 1: Congress to override it. Um. The one lawmaker that Ivestein

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Speaker 1: who's actually suggested that they sort of go ahead and

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Speaker 1: and do Trump's bidding on section thirty husband Lindsay Graham,

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Speaker 1: And we actually look at the Bote count he didn't

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Speaker 1: even vote for the package to begin with, so they

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Speaker 1: don't need him to be a yes vote going forward

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Speaker 1: when they override this video in the next couple of days,

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Speaker 1: I will take a listen to what President Trump had

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Speaker 1: to say about the Defense Authorization Bill a year ago. My,

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Speaker 1: what difference a year can make. The President was welcomed

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Speaker 1: with fanfare on December twenty and two thousand and nineteen

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Speaker 1: at Joint Base Andrews. He told the crowd of military

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Speaker 1: members that he was keeping his promise to expand the military.

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Speaker 1: We've got sound on that. In just a few minutes,

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Speaker 1: I will proudly sign into law the largest ever investment

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Speaker 1: in the United States military. In fact, I can say

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Speaker 1: the largest ever by far. Al we were what happened, Well,

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Speaker 1: a lot's happened over that last year, and I think

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Speaker 1: one of the big things, obviously is it's just fat

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Speaker 1: with the tech companies that's really been for It's an

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Speaker 1: unrelated fight in the NDA, but something that he's brought

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Speaker 1: to the four the forefront for months now. Um. I

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Speaker 1: mean you look back, I think the hallmark moment this

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Speaker 1: whole time has been I think it was probably June

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Speaker 1: when when Twitter started tagging his tweets with stuff and

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Speaker 1: some of these other tech companies started coming out and

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Speaker 1: doing X, Y and Z that really really grow a

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Speaker 1: stake into what he into. In the President's ceilings. Uh,

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Speaker 1: it's it's yeah, that's that's really been the main player

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Speaker 1: in this NBA fight has been this tech thing, and

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Speaker 1: it's something he can't get over. It's something lawmakers don't

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Speaker 1: quite under They understand it, but they think it's completely

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Speaker 1: unrelated to the current battle right now, and it is

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Speaker 1: unrelated worth adding, but uh yeah, I mean, that's that's

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Speaker 1: where we're at at this point. It was not unexpected. Um.

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Speaker 1: We all saw coming. We all see next week that

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Speaker 1: the Senate and the House are likely going to override

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Speaker 1: this um. But that's not for The amazing thing is

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Speaker 1: that's not even the biggest feedo fight we have these days.

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Speaker 1: And we're gonna get to that in a second. But

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Speaker 1: this bill, the Defense Authorization Bill would issue would authorize

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Speaker 1: rather seven hundred and thirty two billion dollars in discretionary

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Speaker 1: spending for national defense, including a sixty nine billion dollars

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Speaker 1: for overseas contingency operations. It also authorizes funding for ninety

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Speaker 1: three F thirty five fighter jets built by Lockheed Martin

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Speaker 1: after the Trump administration requested seventy nine. It also would

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Speaker 1: back funding for the construction of two Virginia Class submarines

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Speaker 1: a year after the administration originally requested funding for only

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Speaker 1: one to free up money for nuclear deterrence, and it

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Speaker 1: provides contract authority for as many as to nuclear Columbia

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Speaker 1: class submarine is made by General Dynamics. That this surprise,

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Speaker 1: I take I take your words, Nikki and all in

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Speaker 1: terms of the President had forecasted this, but even so

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Speaker 1: doing so with so little time left on the calendar

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Speaker 1: and on the clock is no doubt throwing a wrench

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Speaker 1: into leadership on both sides of the Aisles plans. Senator

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Speaker 1: Einhoff said, quote and voting against it, you have to

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Speaker 1: stop and think about those kids that are out there

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Speaker 1: in harm's way and the threats that they are facing

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Speaker 1: on a regular basis. He's made those remarks on the

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Speaker 1: Senate floor. This is a serious thing that's out there,

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Speaker 1: and I can't imagine wanting to have to face these

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Speaker 1: people in the field in harm's way and say, well,

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Speaker 1: we didn't pass a defense authorization bill. We should also

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Speaker 1: note that Senator Mark Warner of Virginia Democrat and the

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Speaker 1: vice chairman of the Intelligence Committee UH tweeting out that

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Speaker 1: he looks forward to overriding this particular veto, so as

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Speaker 1: it stands again, folks. We've heard even from Republicans on

431
00:25:54,680 --> 00:25:58,199
Speaker 1: this program, uh earlier this week and last week, who

432
00:25:58,240 --> 00:26:00,600
Speaker 1: have said that they do believe the vote are there

433
00:26:00,640 --> 00:26:04,320
Speaker 1: to override the president's veto. But the timing of which,

434
00:26:04,760 --> 00:26:08,679
Speaker 1: especially with the nine hundred billion dollar economic stimulus happening,

435
00:26:09,119 --> 00:26:13,320
Speaker 1: means that the countdown clock is going to expire if

436
00:26:13,359 --> 00:26:17,320
Speaker 1: they don't run and manage this clock correctly. Now, let's begin,

437
00:26:18,160 --> 00:26:21,639
Speaker 1: or rather continue with the other major story, which is

438
00:26:21,720 --> 00:26:24,680
Speaker 1: on the economic stimulus, and we've got sound on President

439
00:26:24,720 --> 00:26:28,000
Speaker 1: Trump's decision last night to release a statement saying that

440
00:26:28,160 --> 00:26:31,280
Speaker 1: he is not satisfied with that nine hundred billion dollar

441
00:26:31,359 --> 00:26:36,159
Speaker 1: economic stimulus. I'm also asking Congress to immediately get rid

442
00:26:36,200 --> 00:26:40,840
Speaker 1: of the wasteful and unnecessary items from this legislation and

443
00:26:41,000 --> 00:26:44,240
Speaker 1: to send me a suitable bill, or else the next

444
00:26:44,280 --> 00:26:48,359
Speaker 1: administration will have to deliver a COVID relief package. And

445
00:26:48,520 --> 00:26:52,640
Speaker 1: maybe that administration will be me and we will get

446
00:26:52,680 --> 00:26:55,879
Speaker 1: it done. He also said that he had other issues

447
00:26:56,119 --> 00:26:59,120
Speaker 1: with regards to the bill. Congress found plenty of money

448
00:26:59,200 --> 00:27:03,119
Speaker 1: for foreign con trees, lobbyists, and special interests while sending

449
00:27:03,160 --> 00:27:07,159
Speaker 1: the bare minimum to the American people who needed it.

450
00:27:07,400 --> 00:27:11,840
Speaker 1: Wasn't their fault. It was China's fault, not their fault.

451
00:27:12,359 --> 00:27:15,320
Speaker 1: Nicky Schaub's senior US political reporter at the Daily Mail.

452
00:27:15,440 --> 00:27:18,760
Speaker 1: What has the reaction been from Republicans and allies of

453
00:27:18,800 --> 00:27:23,639
Speaker 1: the presidents in terms of increasing the stimulus checks? So

454
00:27:23,760 --> 00:27:26,440
Speaker 1: the latest on this, Kevin is the fact that Kevin

455
00:27:26,560 --> 00:27:29,520
Speaker 1: McCarthy that has the Republicans on the House side, uh,

456
00:27:29,840 --> 00:27:33,000
Speaker 1: isn't gonna budge, isn't gonna do it. So has speriencing close.

457
00:27:33,040 --> 00:27:36,120
Speaker 1: He said that, you know, she wanted the Democrats to basically,

458
00:27:36,520 --> 00:27:40,560
Speaker 1: you know, buying unanimous consent. Uh, you know, up the

459
00:27:40,680 --> 00:27:43,600
Speaker 1: checks from six dollars, which obviously Trump complained about to

460
00:27:43,720 --> 00:27:46,639
Speaker 1: two thousand dollars, which is the amount that he requested

461
00:27:46,680 --> 00:27:49,720
Speaker 1: in this sort of surprise video last night. And um,

462
00:27:50,320 --> 00:27:53,119
Speaker 1: the Republican side isn't gonna bite. So right now McCarty's

463
00:27:53,160 --> 00:27:55,840
Speaker 1: looking like he's he's gonna be sort of the grunch

464
00:27:55,840 --> 00:27:58,720
Speaker 1: you stole Christmas. Al Weaver, what have you been hearing

465
00:27:58,760 --> 00:28:02,320
Speaker 1: from your Republican sources that there's a whole lot of

466
00:28:02,400 --> 00:28:05,080
Speaker 1: unknowns at this point, that nobody knows what's going to happen,

467
00:28:05,160 --> 00:28:08,960
Speaker 1: when it's going to happen. Um, everyone, I mean, you know,

468
00:28:09,119 --> 00:28:11,439
Speaker 1: the last night really threw a wrench into the plans

469
00:28:11,520 --> 00:28:13,480
Speaker 1: for everybody in the next couple of days, the next

470
00:28:13,520 --> 00:28:16,840
Speaker 1: couple of weeks, um, I mean for I mean, I

471
00:28:17,119 --> 00:28:19,000
Speaker 1: know you guys have worked on donc working this too,

472
00:28:19,080 --> 00:28:22,359
Speaker 1: but I've been reporting on this thing since June, since

473
00:28:23,040 --> 00:28:25,600
Speaker 1: when the half Democrats passed the Cares Act or they

474
00:28:25,880 --> 00:28:28,760
Speaker 1: heat they excuse me, the Heroes Act. I gotta get

475
00:28:28,800 --> 00:28:32,200
Speaker 1: them all sort of um. But they've they've been working

476
00:28:32,240 --> 00:28:34,280
Speaker 1: on this for months, and last couple of months has

477
00:28:34,280 --> 00:28:36,680
Speaker 1: really been pulling teeth on this, and they finally come

478
00:28:36,760 --> 00:28:39,000
Speaker 1: through and they work out in a deal, especially the

479
00:28:39,080 --> 00:28:41,160
Speaker 1: last two weeks, and for the President come in and

480
00:28:41,280 --> 00:28:44,320
Speaker 1: kind of blow this up is really it's something people

481
00:28:44,360 --> 00:28:47,320
Speaker 1: didn't totally expect, even though you can never you always

482
00:28:47,320 --> 00:28:51,320
Speaker 1: have to expect the unexpected here, um, but it's but yeah,

483
00:28:51,400 --> 00:28:53,200
Speaker 1: it's really sort of wrench of things. People don't know

484
00:28:53,240 --> 00:28:55,160
Speaker 1: where this is going to go from here that you

485
00:28:55,240 --> 00:28:57,640
Speaker 1: just kind of mentioned that House, the House. The House

486
00:28:57,680 --> 00:29:00,000
Speaker 1: Republicans are trying to figure out this, you see request

487
00:29:00,000 --> 00:29:02,720
Speaker 1: Austin how to work through that. But right now it

488
00:29:02,760 --> 00:29:04,760
Speaker 1: seems like a staring match, and it depends on who's

489
00:29:04,760 --> 00:29:07,840
Speaker 1: gonna he's gonna budget. All right, we're gonna have a

490
00:29:07,880 --> 00:29:09,640
Speaker 1: much more on the timetable of that coming up next

491
00:29:09,680 --> 00:29:11,840
Speaker 1: on Kevin's Really you're listening to Bloomberg nine and nine

492
00:29:11,880 --> 00:29:24,760
Speaker 1: one by Me to the Moon and let me play

493
00:29:25,320 --> 00:29:30,840
Speaker 1: I'm on the Star, Let me see Watch Break. I'm

494
00:29:30,960 --> 00:29:35,240
Speaker 1: Kevin Curreli, Chief Washington correspondent for Bloomberg Television and for

495
00:29:35,400 --> 00:29:40,400
Speaker 1: Bloomberg Radio. That is Willie Nelson covering Frank Sinatra, one

496
00:29:40,440 --> 00:29:43,000
Speaker 1: of my favorites. And in fact, Willie Nelson gave an

497
00:29:43,080 --> 00:29:46,320
Speaker 1: interview the other day to Slate magazine and he said

498
00:29:46,400 --> 00:29:51,280
Speaker 1: his biggest career regrets. Get this, was that Sinatra, after

499
00:29:51,360 --> 00:29:55,240
Speaker 1: they played a show together in Vegas, asked him to

500
00:29:55,680 --> 00:29:58,280
Speaker 1: go out after the show and he couldn't because he

501
00:29:58,360 --> 00:29:59,640
Speaker 1: had to do another show and he had to get

502
00:29:59,680 --> 00:30:02,040
Speaker 1: back on the tour bus. And he said that he

503
00:30:02,280 --> 00:30:06,280
Speaker 1: deeply regrets. Uh. Here it does quote my biggest regret,

504
00:30:06,320 --> 00:30:09,040
Speaker 1: as we played a show together and he asked me

505
00:30:09,120 --> 00:30:10,720
Speaker 1: to hang out with him a while that night and

506
00:30:10,760 --> 00:30:12,880
Speaker 1: I couldn't. I had someplace to go and get on

507
00:30:12,960 --> 00:30:14,800
Speaker 1: the bus. But that was one of my biggest regrets

508
00:30:14,880 --> 00:30:16,640
Speaker 1: that I didn't get to hang out with Frank, you

509
00:30:16,720 --> 00:30:19,840
Speaker 1: and me both, Willie. I'm Kevin Surley, chief Washington correspondent

510
00:30:19,880 --> 00:30:23,240
Speaker 1: for Bloomberg Television and for Bloomberg Radio. A special special

511
00:30:23,400 --> 00:30:26,360
Speaker 1: congratulations to the sound On family. Matt Shirley, one of

512
00:30:26,400 --> 00:30:31,320
Speaker 1: our producers here, got to meet his niece yesterday. Baby

513
00:30:31,440 --> 00:30:35,040
Speaker 1: niece born just a couple of weeks ago. Eleanor Shirley geleftspy.

514
00:30:36,400 --> 00:30:41,360
Speaker 1: Happy congratulations, Uncle Bubbs. And now we're gonna pivot back

515
00:30:41,360 --> 00:30:43,680
Speaker 1: to policy and politics. Nicki Schwab's with me, Senior US

516
00:30:43,720 --> 00:30:47,400
Speaker 1: political reporter at the Daily Mail, Al Weaver, national political

517
00:30:47,480 --> 00:30:50,080
Speaker 1: reporter at the Hill. I want to talk about the timetable,

518
00:30:50,480 --> 00:30:56,640
Speaker 1: al Weaver in terms of when specifically lawmakers have to

519
00:30:56,800 --> 00:31:01,480
Speaker 1: address the nine billion dollar economics stem ulus bill and

520
00:31:02,360 --> 00:31:05,520
Speaker 1: get really wonky and procedural with us of when we

521
00:31:05,600 --> 00:31:09,680
Speaker 1: can expect this to get on the president's desk or

522
00:31:09,880 --> 00:31:13,480
Speaker 1: a path forward where they increase the six dollar checks.

523
00:31:14,320 --> 00:31:16,680
Speaker 1: Oh man, well that's yes. Let me see what we

524
00:31:16,760 --> 00:31:18,440
Speaker 1: can do here. Okay, so we got about a week

525
00:31:18,520 --> 00:31:21,480
Speaker 1: here before a couple of days. The early next week

526
00:31:21,600 --> 00:31:24,600
Speaker 1: is where excuse me, early next week is when the

527
00:31:24,720 --> 00:31:27,240
Speaker 1: cr would expire. They had a week long fire to

528
00:31:27,360 --> 00:31:29,880
Speaker 1: give the time for this bill to settle, to settle in.

529
00:31:30,480 --> 00:31:34,000
Speaker 1: That's things to go to to be to go into effect. Really,

530
00:31:34,640 --> 00:31:36,640
Speaker 1: obviously we're writing on the president. Is he just so

531
00:31:36,760 --> 00:31:38,640
Speaker 1: he can decide not to sign this thing and just

532
00:31:38,800 --> 00:31:40,360
Speaker 1: kind of waited out through the end of the year

533
00:31:40,440 --> 00:31:43,080
Speaker 1: and then everything would turn over into the next to

534
00:31:43,120 --> 00:31:47,520
Speaker 1: the hundred and seventeenth Congress on January three at noon.

535
00:31:48,000 --> 00:31:49,760
Speaker 1: So we're it's all kind of waiting seeing what the

536
00:31:49,800 --> 00:31:52,360
Speaker 1: president does at this point. You know, the House could

537
00:31:52,400 --> 00:31:54,200
Speaker 1: come back and send it. We got back and you

538
00:31:54,360 --> 00:31:58,720
Speaker 1: see some sort of two check thing that the president

539
00:31:58,840 --> 00:32:01,880
Speaker 1: wants or that you know, but you have also that

540
00:32:01,960 --> 00:32:05,120
Speaker 1: Republicans they don't want a bill that's there much score

541
00:32:05,160 --> 00:32:07,320
Speaker 1: extensive than I heard bill and the villians they want.

542
00:32:07,400 --> 00:32:10,080
Speaker 1: That's why the six hundred dollar checks are what they are,

543
00:32:10,520 --> 00:32:13,400
Speaker 1: because Republicans didn't want more. So that's the problem they're

544
00:32:13,400 --> 00:32:15,160
Speaker 1: facing right now. It's kind of a catch twenty two.

545
00:32:15,160 --> 00:32:17,840
Speaker 1: It's really up to the present this point and to

546
00:32:18,000 --> 00:32:21,720
Speaker 1: see who kind of bites first in the House. So

547
00:32:22,400 --> 00:32:27,280
Speaker 1: Chad program over at Fox News really a legendary reporter

548
00:32:27,360 --> 00:32:31,000
Speaker 1: Fox News reporter Chad Program explain on Twitter that the

549
00:32:31,080 --> 00:32:34,600
Speaker 1: President did not outright say that he will veto the

550
00:32:34,720 --> 00:32:38,440
Speaker 1: coronavirus government spending bill, but he very well could prevent

551
00:32:38,520 --> 00:32:43,120
Speaker 1: it from being law via a pocket veto. Pocket vetos

552
00:32:43,240 --> 00:32:45,920
Speaker 1: are very rare, and Congress has to be in the

553
00:32:46,040 --> 00:32:50,560
Speaker 1: proper parliamentary post for this possibility to be in play,

554
00:32:50,680 --> 00:32:53,160
Speaker 1: but we could very well be in those circumstances. Now

555
00:32:53,800 --> 00:32:55,800
Speaker 1: if you look at if you dust off your Constitution

556
00:32:56,040 --> 00:33:01,400
Speaker 1: article on section seven, the president has ten days to

557
00:33:01,760 --> 00:33:05,920
Speaker 1: either sign or veto a bill. But this is where

558
00:33:05,960 --> 00:33:10,000
Speaker 1: a pocket veto comes into play. The latest and the

559
00:33:10,120 --> 00:33:15,520
Speaker 1: current congressional session can end is eleven and fifty nine

560
00:33:15,560 --> 00:33:19,000
Speaker 1: seconds am on January three. That is the drop dead

561
00:33:19,080 --> 00:33:23,000
Speaker 1: time for the sixt Congress, Niki Schwab. So the president

562
00:33:23,160 --> 00:33:26,680
Speaker 1: could issue of could veto a bill by keeping it

563
00:33:26,800 --> 00:33:29,600
Speaker 1: in his pocket and not signing it if it becomes

564
00:33:29,720 --> 00:33:32,880
Speaker 1: too close to a congressional adjournment, in which case, Nikki,

565
00:33:32,960 --> 00:33:37,000
Speaker 1: what would happen? So in that case, we we would

566
00:33:37,040 --> 00:33:40,040
Speaker 1: have to Basically both houses of Congress would have to

567
00:33:40,200 --> 00:33:45,240
Speaker 1: repass this bill after the new Congress is sworn in.

568
00:33:46,160 --> 00:33:50,080
Speaker 1: And then I guess in this scenario, if Trump again

569
00:33:50,360 --> 00:33:54,640
Speaker 1: doesn't move on it, we're getting up to like where

570
00:33:55,160 --> 00:33:57,160
Speaker 1: I think sort of the idea is if it because

571
00:33:57,240 --> 00:33:59,400
Speaker 1: if it ends up going into new Congress, that Biden

572
00:33:59,440 --> 00:34:02,320
Speaker 1: would then once he takes office would then't have to

573
00:34:02,560 --> 00:34:05,880
Speaker 1: sign the bill and get it going. Um. But you know,

574
00:34:05,960 --> 00:34:08,799
Speaker 1: the one thing I read chat program saying too sort

575
00:34:08,840 --> 00:34:10,440
Speaker 1: of another big question mark is sort of like what

576
00:34:10,560 --> 00:34:13,319
Speaker 1: happens in those sort of seventeen days between the new

577
00:34:13,400 --> 00:34:18,600
Speaker 1: Congress coming in and also Trump going out right precisely,

578
00:34:18,760 --> 00:34:21,520
Speaker 1: and we're at unchartered territory. And I gotta tell you, folks,

579
00:34:21,760 --> 00:34:24,879
Speaker 1: Nikki Schwab of the US political reporter at the Daily Mail,

580
00:34:24,920 --> 00:34:27,759
Speaker 1: Al Weaver, national political reporter at the Hill, I mean,

581
00:34:28,560 --> 00:34:30,960
Speaker 1: I've kind of come up with both of them over

582
00:34:31,040 --> 00:34:33,680
Speaker 1: the last decade, and and they are right there with

583
00:34:33,840 --> 00:34:35,840
Speaker 1: me in the well pre COVID of course, in the

584
00:34:35,920 --> 00:34:40,160
Speaker 1: gaggles and in the hallways of Congress asking these lawmakers questions,

585
00:34:40,239 --> 00:34:43,280
Speaker 1: talking to legislative aids, talking to the lds and whatnot.

586
00:34:43,719 --> 00:34:45,880
Speaker 1: And a pocket veto is something that was like an

587
00:34:45,960 --> 00:34:50,200
Speaker 1: extra credit question on like Mr Jesson's history class in

588
00:34:50,320 --> 00:34:52,920
Speaker 1: seventh grade at strath Haven Middle School when I was

589
00:34:52,960 --> 00:34:56,320
Speaker 1: growing up in Delko. So the pocket veto is something

590
00:34:56,640 --> 00:34:58,600
Speaker 1: that is stumping all of us right now. And what

591
00:34:58,800 --> 00:35:01,600
Speaker 1: she just pointed out, al Nikki Schwab just pointed out

592
00:35:02,040 --> 00:35:04,880
Speaker 1: of the of the time frame laps between a new

593
00:35:04,960 --> 00:35:09,040
Speaker 1: Congress coming in and the president still having like two

594
00:35:09,120 --> 00:35:12,680
Speaker 1: weeks left in office is un chartered territory. But the

595
00:35:12,800 --> 00:35:14,920
Speaker 1: markets are I'm telling you this and talking with my

596
00:35:15,000 --> 00:35:18,279
Speaker 1: colleagues Tom Keene, Lisa Bramo, it's this morning, uh, and

597
00:35:18,360 --> 00:35:21,520
Speaker 1: talking with Atlenta Popula are Bloomberard Markets reporter in the

598
00:35:21,600 --> 00:35:25,120
Speaker 1: last half hour, they are insisting that they are going

599
00:35:25,239 --> 00:35:28,680
Speaker 1: to get stimulus. It's baked into the markets. Is the president,

600
00:35:28,760 --> 00:35:32,680
Speaker 1: based on pond your reporting, Ol, willing to really inject

601
00:35:32,840 --> 00:35:36,279
Speaker 1: this much volatility into the markets with something like a

602
00:35:36,400 --> 00:35:40,239
Speaker 1: pocket veto, even if the public's on his side Republicans

603
00:35:40,280 --> 00:35:45,680
Speaker 1: and AOC or his base Republicans for two thousand dollar checks. Well,

604
00:35:45,800 --> 00:35:47,160
Speaker 1: it's a couple of things. I think. The one of

605
00:35:47,200 --> 00:35:49,800
Speaker 1: the things that's worth mentioning is it's not just COVID releases,

606
00:35:49,840 --> 00:35:52,439
Speaker 1: it's a government spending bill and that the government could

607
00:35:52,480 --> 00:35:54,720
Speaker 1: shut down. Literally, he could just shut down the government

608
00:35:54,840 --> 00:35:56,600
Speaker 1: if he doesn't get his way on this whole thing.

609
00:35:56,960 --> 00:35:58,759
Speaker 1: And that's really the other big fear of this, so

610
00:35:58,880 --> 00:36:01,239
Speaker 1: that that's it's almost more that some people have talked

611
00:36:01,239 --> 00:36:02,680
Speaker 1: to on the Hill, but they're more worried about the

612
00:36:02,719 --> 00:36:06,000
Speaker 1: Omnibus than they are the coronavirus relief package. They're saying,

613
00:36:06,080 --> 00:36:08,080
Speaker 1: you know, there's this was one point more Chilion. He

614
00:36:08,320 --> 00:36:10,719
Speaker 1: They're basically saying to me, he better not vito this,

615
00:36:11,719 --> 00:36:13,640
Speaker 1: even though it sounds that he's he's obviously have said

616
00:36:13,640 --> 00:36:15,680
Speaker 1: about this. This is something the Freedom Caucus faults have

617
00:36:15,760 --> 00:36:17,880
Speaker 1: talked to and it's heard as talked to for years

618
00:36:18,000 --> 00:36:20,560
Speaker 1: and begged him not to sign. Uh. So he's kind

619
00:36:20,600 --> 00:36:22,440
Speaker 1: of burrowing back into the hole that he gets into

620
00:36:22,480 --> 00:36:25,960
Speaker 1: it on occasion. So you know, it's just a whole thing.

621
00:36:26,120 --> 00:36:27,920
Speaker 1: It's all about the it's all about the unknowns at

622
00:36:27,960 --> 00:36:29,840
Speaker 1: this point, and that's what everyone's pointing to. Why I

623
00:36:29,880 --> 00:36:35,200
Speaker 1: talked to him. Pocket Veto precludes parliamentary posture post haste

624
00:36:35,640 --> 00:36:38,719
Speaker 1: and so clearly, folks, we are an unchartered territories. It's

625
00:36:38,719 --> 00:36:41,360
Speaker 1: going to be remarkable. But again, as we get these developments,

626
00:36:41,400 --> 00:36:44,160
Speaker 1: we will continue to bring them as they happen my

627
00:36:44,200 --> 00:36:47,040
Speaker 1: thanks to Nikki Schwab, senior US political reporter at the

628
00:36:47,080 --> 00:36:50,160
Speaker 1: Daily Mail and Al Weaver, national political reporter at The Hill.

629
00:36:50,200 --> 00:36:52,719
Speaker 1: Happy holidays to you and your Family's Coming up next,

630
00:36:52,800 --> 00:36:55,800
Speaker 1: we check in with the legendary iconic Virginia Ali and

631
00:36:55,880 --> 00:36:58,600
Speaker 1: Bench Chili Bowl. She's going to help us navigate through

632
00:36:58,960 --> 00:37:03,160
Speaker 1: the closures that are happening in Washington, d C. With

633
00:37:03,440 --> 00:37:06,960
Speaker 1: the no more indoor dining for a couple of weeks.

634
00:37:07,000 --> 00:37:11,240
Speaker 1: I'm Kevin SURRELLI you're listening Bloomberg Dining. I want hold

635
00:37:11,360 --> 00:37:36,080
Speaker 1: my head. I'm Kevin Surrey, chief Washington correspondent for Bloomberg

636
00:37:36,160 --> 00:37:42,360
Speaker 1: Television and for Bloomberg Radio. Washington d C sets of

637
00:37:42,480 --> 00:37:49,320
Speaker 1: re enter phase two of their coronavirus restrictions. UH tomorrow

638
00:37:49,600 --> 00:37:52,840
Speaker 1: and indoor dining will be closed for a couple of weeks,

639
00:37:53,520 --> 00:37:58,200
Speaker 1: as Mayor Muriel Bowser has decided that that is the

640
00:37:58,239 --> 00:38:01,879
Speaker 1: best course of action to take. Meanwhile, the mayor has

641
00:38:02,000 --> 00:38:06,319
Speaker 1: decided that tomorrow, she has proclaimed is Dr Fauci Day

642
00:38:06,840 --> 00:38:10,239
Speaker 1: in Washington, d C. You know it's frustrating folks. I

643
00:38:10,360 --> 00:38:13,719
Speaker 1: hear it from folks all across town. Republicans, Democrats, people

644
00:38:13,719 --> 00:38:17,760
Speaker 1: who don't really follow national politics, but they're frustrated. They've

645
00:38:17,840 --> 00:38:22,640
Speaker 1: got pandemic fatigue. From the business perspective, from the health perspective.

646
00:38:22,760 --> 00:38:25,520
Speaker 1: They've had to realter their lives, kids not being able

647
00:38:25,520 --> 00:38:29,320
Speaker 1: to go to school, the virtual learning. And I hear you,

648
00:38:29,920 --> 00:38:34,279
Speaker 1: I hear you. I understand it. And I thought, you know,

649
00:38:34,600 --> 00:38:38,160
Speaker 1: we've got a couple of sound on off days tomorrow

650
00:38:38,360 --> 00:38:40,920
Speaker 1: and of course on Christmas, and I thought I needed

651
00:38:40,960 --> 00:38:45,520
Speaker 1: to hear from someone esteemed in our community, someone who

652
00:38:45,600 --> 00:38:51,239
Speaker 1: really is I believe representative of what the real district

653
00:38:52,360 --> 00:38:55,080
Speaker 1: stands for. And that of course is Mrs Virginia Ali.

654
00:38:55,840 --> 00:38:58,600
Speaker 1: And I have to say, Mrs Ali, welcome back to

655
00:38:58,719 --> 00:39:01,560
Speaker 1: the program, the co founder, co owner of Bench Chili Bowl,

656
00:39:02,160 --> 00:39:06,040
Speaker 1: the landmark UH institution that of course is the original

657
00:39:06,160 --> 00:39:09,640
Speaker 1: the O g on you street. Um. But I gotta

658
00:39:09,680 --> 00:39:15,400
Speaker 1: say congratulations. You had a birthday recently last week and

659
00:39:15,520 --> 00:39:18,560
Speaker 1: I told I told Vida Ali to wish you a

660
00:39:18,600 --> 00:39:21,239
Speaker 1: happy birthday before inviting you back on the program. And

661
00:39:21,680 --> 00:39:24,360
Speaker 1: happy eighty seventh birthday. You do not look at and

662
00:39:24,480 --> 00:39:27,200
Speaker 1: I gotta say, what are you? How did you celebrate

663
00:39:27,239 --> 00:39:31,840
Speaker 1: your birthday? Well? Because of the pandemic, I celebrated it

664
00:39:31,960 --> 00:39:34,960
Speaker 1: in the back room of the Chili Bowl with jeff family.

665
00:39:35,800 --> 00:39:39,040
Speaker 1: It's it's the quietest birthday I've had in quite a

666
00:39:39,160 --> 00:39:42,960
Speaker 1: long time. But that was because of the pandemic. We're

667
00:39:42,960 --> 00:39:45,920
Speaker 1: trying to base safe and do the right thing and

668
00:39:46,280 --> 00:39:50,319
Speaker 1: observe the safety precautions, and that's exactly what we did.

669
00:39:51,320 --> 00:39:55,360
Speaker 1: I have a delicious cake from New York from believe

670
00:39:55,440 --> 00:39:58,200
Speaker 1: it's in Brookline, I'm not sure, but it's called cake

671
00:39:58,280 --> 00:40:02,719
Speaker 1: Man Raven expressionalizes mad Velvet Cake and that was sent

672
00:40:02,840 --> 00:40:05,920
Speaker 1: down here to me in Washington, d C. But she's

673
00:40:06,000 --> 00:40:08,920
Speaker 1: done for many years. So New York is a very

674
00:40:09,000 --> 00:40:13,120
Speaker 1: close to us as well. So uh, Mrs Ali, I

675
00:40:13,200 --> 00:40:16,640
Speaker 1: gotta be candid. People are people are tired. They're frustrated that,

676
00:40:17,239 --> 00:40:21,279
Speaker 1: you know, the small businesses, the restaurant community, they're frustrated

677
00:40:21,400 --> 00:40:23,520
Speaker 1: that they've got to return to no indoor dining for

678
00:40:23,600 --> 00:40:25,960
Speaker 1: a couple of weeks. I mean, how are you as

679
00:40:26,000 --> 00:40:28,880
Speaker 1: a business owner navigating through that? And what do you

680
00:40:29,000 --> 00:40:34,080
Speaker 1: hear from the local business community about Mayor Bowser's decision. Well,

681
00:40:34,120 --> 00:40:36,560
Speaker 1: the thing is, you know, we're just trying to be safe.

682
00:40:36,640 --> 00:40:39,560
Speaker 1: We want this thing to be over and my sixty

683
00:40:39,640 --> 00:40:42,000
Speaker 1: two and a half years of being here in business.

684
00:40:42,719 --> 00:40:45,400
Speaker 1: This has been the most challenging thing I've ever experienced,

685
00:40:45,440 --> 00:40:49,120
Speaker 1: and I've experienced a lot, believe me, but this is

686
00:40:49,200 --> 00:40:53,440
Speaker 1: so challenging because it does creates illnesses and death. And

687
00:40:53,600 --> 00:40:55,759
Speaker 1: for that reason, you know, I think we try to

688
00:40:55,840 --> 00:41:00,359
Speaker 1: be as compassionate and as a law abiding as you can.

689
00:41:01,120 --> 00:41:05,080
Speaker 1: Um you know, it's it's sometimes people don't really want

690
00:41:05,160 --> 00:41:11,040
Speaker 1: to recognize six feet apart and wearing their masks. You know,

691
00:41:11,280 --> 00:41:14,160
Speaker 1: of course you can't eat the mask on, but when

692
00:41:14,239 --> 00:41:18,640
Speaker 1: you divide your dining room in half, you don't accommodate

693
00:41:18,760 --> 00:41:22,360
Speaker 1: very many people. Really, Oh, certainly not the kind of

694
00:41:23,000 --> 00:41:28,120
Speaker 1: uh sales that you're accustomed to. But the biggest thing

695
00:41:28,400 --> 00:41:30,920
Speaker 1: is to try, really trying to get this thing over with.

696
00:41:31,120 --> 00:41:33,920
Speaker 1: And I think that's what may about, is trying to

697
00:41:34,040 --> 00:41:37,319
Speaker 1: do more than a fourteen day period that we could

698
00:41:37,360 --> 00:41:40,000
Speaker 1: just keep everybody away from each other and have them

699
00:41:40,080 --> 00:41:43,239
Speaker 1: wear a mask they have, perhaps that will bring the

700
00:41:43,360 --> 00:41:46,680
Speaker 1: surge down and help us to get onto the road

701
00:41:46,719 --> 00:41:53,440
Speaker 1: of recovery. It's really hard because I mean the hours

702
00:41:53,560 --> 00:41:55,759
Speaker 1: we had. We used to open at six am in

703
00:41:55,800 --> 00:41:59,200
Speaker 1: the morning and close at three am, and four weekends,

704
00:41:59,280 --> 00:42:02,800
Speaker 1: but that isn't taste anymore. Are you guys going to

705
00:42:02,880 --> 00:42:04,960
Speaker 1: be doing Are you going to remain open in terms

706
00:42:05,000 --> 00:42:09,480
Speaker 1: of the window, uh for outdoor dining or no? We

707
00:42:09,680 --> 00:42:14,320
Speaker 1: do have two tents and even that is considered into

708
00:42:14,400 --> 00:42:19,520
Speaker 1: a dining unless you remove a flat um. But that's

709
00:42:19,640 --> 00:42:25,760
Speaker 1: very difficult because it's December and January cold. It's very cold.

710
00:42:27,360 --> 00:42:29,640
Speaker 1: How warm can you get it out there? So it's

711
00:42:29,800 --> 00:42:33,920
Speaker 1: very hard. It's really very difficult. We try to understand

712
00:42:34,440 --> 00:42:38,640
Speaker 1: the reasoning behind it, and it's quite a sacrifice and

713
00:42:38,760 --> 00:42:41,440
Speaker 1: some of us will not be able to to hold on.

714
00:42:41,719 --> 00:42:45,440
Speaker 1: We have so many businesses and restaurants in particular in

715
00:42:45,560 --> 00:42:49,200
Speaker 1: our area that is closed already. So what are you

716
00:42:49,360 --> 00:42:52,080
Speaker 1: hearing about? How long this ordinance is going to last?

717
00:42:52,200 --> 00:42:58,200
Speaker 1: And are you satisfied with the mayor's offices communication? Yes,

718
00:42:58,440 --> 00:43:00,960
Speaker 1: I think we have a good year. That's doing her

719
00:43:01,120 --> 00:43:05,640
Speaker 1: very best, and and I'm I feel like I'm aware

720
00:43:05,800 --> 00:43:08,080
Speaker 1: of what's going on. You know, I shaffly listened to

721
00:43:08,200 --> 00:43:11,320
Speaker 1: the news and read the newspaper, and I feel like that,

722
00:43:11,600 --> 00:43:14,799
Speaker 1: you know, she lets us know in advance. We've known

723
00:43:14,920 --> 00:43:18,200
Speaker 1: now for a little while that disclosure was going to

724
00:43:18,440 --> 00:43:20,759
Speaker 1: take place today and it would be in effect until

725
00:43:20,840 --> 00:43:24,719
Speaker 1: the fifteenth of January. I believe. Yeah, so um, I

726
00:43:24,840 --> 00:43:28,200
Speaker 1: think I think that's well known throughout the city Virginia.

727
00:43:28,239 --> 00:43:30,960
Speaker 1: Ali's with us and she is, uh, of course, the

728
00:43:31,040 --> 00:43:33,600
Speaker 1: co owner, co founder of Bench Chili Bowl. She's been

729
00:43:33,719 --> 00:43:36,560
Speaker 1: incredibly gracious enough to to talk with us this evening

730
00:43:36,640 --> 00:43:39,399
Speaker 1: on the eve of the final night for a couple

731
00:43:39,440 --> 00:43:43,000
Speaker 1: of weeks when the city has to go back to

732
00:43:43,320 --> 00:43:46,880
Speaker 1: to know indoor dining, Virginia, What would you like Congress

733
00:43:46,960 --> 00:43:50,880
Speaker 1: to pass in terms of financial assistance for the restaurant

734
00:43:51,040 --> 00:43:54,040
Speaker 1: industry and and the small business industry. What would be

735
00:43:54,120 --> 00:43:57,560
Speaker 1: helpful for Republicans and Democrats to pass to help businesses

736
00:43:57,640 --> 00:44:02,080
Speaker 1: like Bench Chili Bowl. Well, that the PP program has

737
00:44:02,120 --> 00:44:04,960
Speaker 1: been helpful because you helped us to hold on to staff,

738
00:44:05,680 --> 00:44:10,360
Speaker 1: although sometimes we've had difficulties early on with that because

739
00:44:10,840 --> 00:44:14,520
Speaker 1: the staff are young people with young families. So you've

740
00:44:14,560 --> 00:44:18,080
Speaker 1: got a couple of children and you're afraid to explore this.

741
00:44:20,200 --> 00:44:24,040
Speaker 1: You're you're afraid to expose your children and that so

742
00:44:24,200 --> 00:44:27,600
Speaker 1: they many of them don't want to work for that reason. That,

743
00:44:27,719 --> 00:44:35,000
Speaker 1: of course they're being paid family. Well, yeah, they're being

744
00:44:35,080 --> 00:44:37,920
Speaker 1: paid family well to stay home. But you can't understand

745
00:44:38,000 --> 00:44:41,640
Speaker 1: some have parents or grandparents in the home and many,

746
00:44:41,719 --> 00:44:44,640
Speaker 1: as I said, have children. Um So, but the PP

747
00:44:44,800 --> 00:44:48,920
Speaker 1: program did help us, uh to hold on for the

748
00:44:49,000 --> 00:44:53,239
Speaker 1: first few months. Now that's run out, and hopefully we'll

749
00:44:53,280 --> 00:44:57,920
Speaker 1: get something some help again. Please, I'm hoping so that

750
00:44:58,080 --> 00:45:03,279
Speaker 1: we can continue to hold on Virginia, Virginia. Ali. And

751
00:45:03,400 --> 00:45:06,200
Speaker 1: this is a delicate question, but you know it's one.

752
00:45:06,280 --> 00:45:08,400
Speaker 1: It's a conversation that I've been having with up with

753
00:45:08,560 --> 00:45:12,200
Speaker 1: my folks back home outside of Philadelphia as we head

754
00:45:12,239 --> 00:45:14,640
Speaker 1: into the holiday season. I mean, so many people want

755
00:45:14,680 --> 00:45:17,799
Speaker 1: to celebrate the holidays with their loved ones, with their

756
00:45:18,000 --> 00:45:22,640
Speaker 1: with their parents who are elder elder, and they want

757
00:45:22,680 --> 00:45:24,640
Speaker 1: to see them and they want to be able, uh

758
00:45:24,800 --> 00:45:27,640
Speaker 1: to to be with them. But of course we have

759
00:45:27,840 --> 00:45:30,239
Speaker 1: to respect the virus. And so I just wanted to

760
00:45:30,360 --> 00:45:34,080
Speaker 1: get from your perspective about how important it is that

761
00:45:34,160 --> 00:45:38,040
Speaker 1: folks of all ages, all backgrounds, that we respect the virus,

762
00:45:38,200 --> 00:45:40,920
Speaker 1: respect the social distancing measures. Even though we have this

763
00:45:41,360 --> 00:45:44,160
Speaker 1: this thrill of hope with the vaccine now in the

764
00:45:44,360 --> 00:45:48,160
Speaker 1: in the marketplace, um Dr Faucci getting the vaccine, President

765
00:45:48,200 --> 00:45:51,720
Speaker 1: Elect Biden getting the vaccine, Republicans, Democrats getting the vaccine,

766
00:45:51,719 --> 00:45:55,160
Speaker 1: and of course importantly the frontline workers. But it's important

767
00:45:55,200 --> 00:46:00,800
Speaker 1: to still respect these social distance guidelines. Uh, even this

768
00:46:01,000 --> 00:46:03,760
Speaker 1: holiday season when we also desperately want to come together

769
00:46:03,840 --> 00:46:07,719
Speaker 1: and see everybody. But I think it they definitely have

770
00:46:07,840 --> 00:46:11,319
Speaker 1: to respect those guidelines. Friend, I firmly believed that if

771
00:46:11,440 --> 00:46:15,360
Speaker 1: everyone wore a mask, it would make all the difference

772
00:46:15,360 --> 00:46:17,920
Speaker 1: in the world. I really believe that now when you're

773
00:46:17,960 --> 00:46:20,399
Speaker 1: going into a home with family, you know, I had

774
00:46:20,440 --> 00:46:23,279
Speaker 1: Thanksgiving dinner with my son and his wife and two

775
00:46:23,440 --> 00:46:27,520
Speaker 1: children that were coming in from school. Um, but they

776
00:46:27,640 --> 00:46:30,800
Speaker 1: did have the COVID test tribe for coming home and

777
00:46:30,960 --> 00:46:33,960
Speaker 1: I felt comfortable with it. But no one else was

778
00:46:34,040 --> 00:46:36,640
Speaker 1: coming into the home, and that I firmly believed that

779
00:46:36,920 --> 00:46:42,000
Speaker 1: if you're wearing the mask whenever you're around people, UM,

780
00:46:43,000 --> 00:46:46,120
Speaker 1: that you're pretty well protected. And the distancing makes it

781
00:46:46,200 --> 00:46:50,200
Speaker 1: even better because continuously washing your hands and if we

782
00:46:50,280 --> 00:46:52,960
Speaker 1: could just follow that, that's not so very hard to do.

783
00:46:53,719 --> 00:46:57,680
Speaker 1: Virginia Ali, thank you so much, my friend, truly thank

784
00:46:57,760 --> 00:47:00,200
Speaker 1: you for making some time for me tonight. It's aways

785
00:47:00,239 --> 00:47:01,600
Speaker 1: great to hear from you, my friend, and a happy,

786
00:47:01,640 --> 00:47:05,239
Speaker 1: happy birthday. We'll celebrate next year and we'll get even

787
00:47:05,320 --> 00:47:07,200
Speaker 1: more cake. But now I want a chili and now

788
00:47:07,239 --> 00:47:10,120
Speaker 1: I want a bench chili bowl. Like now, maybe you'll

789
00:47:10,120 --> 00:47:12,719
Speaker 1: grow there after work. Anyway, Thank you to Virginia Ali,

790
00:47:13,360 --> 00:47:15,920
Speaker 1: the co owner, co founder of the Bench Chili Bowl.

791
00:47:15,960 --> 00:47:20,719
Speaker 1: And again the Mayor's order goes into effect tomorrow. Much

792
00:47:20,760 --> 00:47:22,680
Speaker 1: more coming up next time. Kevin Cirelli, you're listening to

793
00:47:22,719 --> 00:47:32,399
Speaker 1: Bloomberg nine one last I can't remember the last thing,

794
00:47:35,000 --> 00:47:54,799
Speaker 1: and we fish it our work plenty. Men world, I'm

795
00:47:54,920 --> 00:48:00,279
Speaker 1: Kevin Cereli, chief Washington correspondent for Bloomberg Television. I'm for Bloomberg. RADEO.

796
00:48:00,360 --> 00:48:01,640
Speaker 1: I have to say that is one of my all

797
00:48:01,760 --> 00:48:06,400
Speaker 1: time favorite Christmas songs and dadd used to blast it

798
00:48:06,480 --> 00:48:08,359
Speaker 1: in the car, that and the other one, the Bruce

799
00:48:08,360 --> 00:48:10,960
Speaker 1: Springsteen Santa Claus is coming to town. And I mean,

800
00:48:11,040 --> 00:48:13,240
Speaker 1: if you're not having fun right now in the moment,

801
00:48:13,600 --> 00:48:16,560
Speaker 1: we made it through almost we still have a couple

802
00:48:16,600 --> 00:48:20,080
Speaker 1: of days left. We did it, folks, uh, and we

803
00:48:20,080 --> 00:48:21,920
Speaker 1: couldn't have done it without you, so thank you for

804
00:48:22,239 --> 00:48:25,440
Speaker 1: for listening. I'm here at Bloomberg. We're all focused on

805
00:48:25,560 --> 00:48:27,719
Speaker 1: what's next, and this part of the show we've been

806
00:48:27,760 --> 00:48:32,520
Speaker 1: rebranding with our esteemed executive producer, Christine barrata Um and

807
00:48:33,480 --> 00:48:35,680
Speaker 1: heading into one about what we can do better, what

808
00:48:35,800 --> 00:48:37,920
Speaker 1: we can expand how we can grow. Right, everyone wants

809
00:48:37,960 --> 00:48:41,800
Speaker 1: to do that, expand grow, continue to elevate themselves, and

810
00:48:42,600 --> 00:48:44,759
Speaker 1: we want to At Bloomberg, we're all about what's next.

811
00:48:44,800 --> 00:48:47,080
Speaker 1: So what's coming next? So instead of what's on our radar,

812
00:48:47,600 --> 00:48:50,600
Speaker 1: we're talking now about this new this segment that we're

813
00:48:50,600 --> 00:48:53,680
Speaker 1: going to retool and we're gonna call it What's Next.

814
00:48:54,080 --> 00:48:56,279
Speaker 1: And I gotta say, there's no one better to have

815
00:48:56,400 --> 00:48:58,960
Speaker 1: this conversation with in terms of what's next for the

816
00:48:59,080 --> 00:49:02,080
Speaker 1: media industry. And then the one and only Tammy had

817
00:49:02,120 --> 00:49:04,959
Speaker 1: Ad of hat Ad Media. The CEO of had Ad Media,

818
00:49:05,080 --> 00:49:09,520
Speaker 1: she has worked with virtually every major television network, Prince

819
00:49:09,640 --> 00:49:13,600
Speaker 1: Imprince in Washington, d C. As well as Fortune twenty

820
00:49:13,680 --> 00:49:17,399
Speaker 1: companies and whatnot. Everyone knows Tam, Tammy, thank you so much,

821
00:49:17,680 --> 00:49:22,399
Speaker 1: my friend for joining us. What's next in the media? Well,

822
00:49:22,480 --> 00:49:26,719
Speaker 1: I'll tell you first of all, you know this sound is?

823
00:49:26,760 --> 00:49:29,840
Speaker 1: That is that Santa's Reindeers? Thank you? How did you

824
00:49:29,960 --> 00:49:34,120
Speaker 1: know they're just? Where did you hear them? They're right here.

825
00:49:34,280 --> 00:49:38,040
Speaker 1: They're right over top of a palace downtown. Gosh, I

826
00:49:38,080 --> 00:49:40,680
Speaker 1: gotta call. I gotta call my godson, Peter. I gotta

827
00:49:40,760 --> 00:49:44,239
Speaker 1: call Peter Santas on the way. I can't believe. I

828
00:49:44,360 --> 00:49:46,520
Speaker 1: can't believe we just heard that. I can't believe it.

829
00:49:46,880 --> 00:49:49,000
Speaker 1: I gotta text them all right, Tammy, what's next for media?

830
00:49:50,080 --> 00:49:52,880
Speaker 1: Talk to you to talk about with me going on

831
00:49:52,960 --> 00:49:56,000
Speaker 1: in media? You know, it's actually an interesting thing because

832
00:49:56,400 --> 00:50:01,280
Speaker 1: the re emergence of local news, for me, emergence of radio.

833
00:50:01,719 --> 00:50:04,720
Speaker 1: You know, back when Jimmy Carter was president, every single

834
00:50:04,800 --> 00:50:09,000
Speaker 1: day they called every radio station around the country because

835
00:50:09,120 --> 00:50:12,480
Speaker 1: the Carter White House, before you and everyone listening was born,

836
00:50:12,920 --> 00:50:15,799
Speaker 1: were was based on radio and how you connect at

837
00:50:15,840 --> 00:50:18,800
Speaker 1: a local level. And that's what's happening now. And Donald

838
00:50:18,840 --> 00:50:21,919
Speaker 1: Trump has done that. He's you know, we have seen

839
00:50:22,160 --> 00:50:25,319
Speaker 1: over the years. You know, President Clinton famously went over

840
00:50:25,360 --> 00:50:29,320
Speaker 1: the heads of that you know UM network anchors and

841
00:50:29,480 --> 00:50:33,720
Speaker 1: would played saxophone on our Cineo Hall show. George Bush,

842
00:50:34,239 --> 00:50:37,560
Speaker 1: he rolled oranges down his you know, down the plane

843
00:50:37,880 --> 00:50:40,840
Speaker 1: the center of the plane. Uh. With the press. You know,

844
00:50:40,920 --> 00:50:43,239
Speaker 1: all these things happen, and I think that's really what

845
00:50:43,400 --> 00:50:47,319
Speaker 1: we're going to see more of in so we have Twitter, right,

846
00:50:47,719 --> 00:50:50,560
Speaker 1: we have social media. We now, by the way, have

847
00:50:50,680 --> 00:50:53,120
Speaker 1: this government bill even though it's been pushed aside for

848
00:50:53,160 --> 00:50:56,200
Speaker 1: a few minutes here to go to local news and

849
00:50:56,320 --> 00:50:59,160
Speaker 1: people realize how important local news is going to be.

850
00:50:59,360 --> 00:51:02,600
Speaker 1: The question is so especially with local news, I just

851
00:51:02,640 --> 00:51:04,759
Speaker 1: got to interject here. We just heard from Virginia Ali,

852
00:51:04,880 --> 00:51:08,040
Speaker 1: the co founder co owner of Bench Chili Bowl. Especially

853
00:51:08,120 --> 00:51:12,480
Speaker 1: with all of the different local rules because of COVID nineteen,

854
00:51:12,719 --> 00:51:15,440
Speaker 1: I mean, people were really depending on local news on

855
00:51:15,520 --> 00:51:19,960
Speaker 1: stations like Bloomberg and others to really get their information

856
00:51:20,560 --> 00:51:22,759
Speaker 1: on what's open, where they can go, where they can't,

857
00:51:22,840 --> 00:51:25,640
Speaker 1: all of the different hours for all of the small businesses.

858
00:51:25,719 --> 00:51:28,359
Speaker 1: All of that was local news driven. Go ahead him.

859
00:51:29,040 --> 00:51:32,640
Speaker 1: I think that's right because people see the immediate connection.

860
00:51:33,120 --> 00:51:35,399
Speaker 1: They've got to tune in to know really what you're

861
00:51:35,440 --> 00:51:38,520
Speaker 1: talking about, what's happening next, And it's all in play

862
00:51:38,600 --> 00:51:42,600
Speaker 1: because we've got this pandemic, right, that's everything and you

863
00:51:42,760 --> 00:51:45,320
Speaker 1: don't know what each shape rings. For example, in Washington,

864
00:51:45,800 --> 00:51:49,640
Speaker 1: the next three weeks um Indoors is closed, right, So

865
00:51:49,920 --> 00:51:52,279
Speaker 1: all the restaurants that you see on the streets that

866
00:51:52,440 --> 00:51:56,200
Speaker 1: built out these various I don't know because some of

867
00:51:59,200 --> 00:52:05,919
Speaker 1: did you say lose they lose or sheds I would

868
00:52:05,960 --> 00:52:08,200
Speaker 1: trying to think of a good word. Yeahs is exactly.

869
00:52:08,239 --> 00:52:10,840
Speaker 1: And anyway, they built all of these and now what's

870
00:52:10,880 --> 00:52:13,640
Speaker 1: happened is the city is saying you need to get

871
00:52:13,719 --> 00:52:16,879
Speaker 1: those off the street. So if you're Kathee Milano, where

872
00:52:16,880 --> 00:52:19,320
Speaker 1: I'm going to dinner tonight, you're on the sidewalk, so

873
00:52:19,440 --> 00:52:23,320
Speaker 1: you're okay. But most most of the restaurants have built

874
00:52:23,440 --> 00:52:27,440
Speaker 1: right into the road, which has honestly saved them financially. So,

875
00:52:28,280 --> 00:52:31,200
Speaker 1: you know, And it's funny because Arianna Huffington's ten years

876
00:52:31,239 --> 00:52:35,080
Speaker 1: ago at a O L Try Patch. I think some

877
00:52:35,239 --> 00:52:38,759
Speaker 1: of the patch still exist, the hyperlocal site, right. But

878
00:52:38,880 --> 00:52:41,400
Speaker 1: to your point, you know, people are you know, this

879
00:52:41,560 --> 00:52:43,799
Speaker 1: is why Facebook and all these other things work. Why

880
00:52:44,120 --> 00:52:46,680
Speaker 1: why do people go on Facebook and they believe that

881
00:52:46,920 --> 00:52:51,520
Speaker 1: more than what they see their favorite TV anchor say, right,

882
00:52:51,920 --> 00:52:55,279
Speaker 1: because it's so neighborhoodie, you know. So I think that's

883
00:52:55,320 --> 00:52:57,600
Speaker 1: what We're gonna have to watch that, Kevin very closely.

884
00:52:57,680 --> 00:52:59,640
Speaker 1: I think I think that's really smart and I think

885
00:52:59,640 --> 00:53:02,759
Speaker 1: it's it's really true, especially as Uh, as folks are

886
00:53:02,800 --> 00:53:04,880
Speaker 1: trying to get information, And I gotta say, I love

887
00:53:04,960 --> 00:53:07,360
Speaker 1: the hustle in the spirit of the restaurant industry. You

888
00:53:07,440 --> 00:53:09,319
Speaker 1: know this, Tammy, my uncle has owned a Hogo shop

889
00:53:09,360 --> 00:53:12,160
Speaker 1: outside of Philly for like forty plus years. Yes, and

890
00:53:12,280 --> 00:53:15,080
Speaker 1: so and so I admire the tenacity and the grit

891
00:53:15,480 --> 00:53:17,560
Speaker 1: of people like Franco who of course has appeared on

892
00:53:17,640 --> 00:53:21,520
Speaker 1: this show from Kafe Milano, UH, and the folks at

893
00:53:21,560 --> 00:53:23,880
Speaker 1: dog Tag and of course Bench Chili Bull as well. UH.

894
00:53:24,040 --> 00:53:27,319
Speaker 1: That said this, there's this question that I get from

895
00:53:27,640 --> 00:53:29,920
Speaker 1: from listeners, from viewers that they all want to know

896
00:53:30,040 --> 00:53:31,840
Speaker 1: and you know, and I never really know how to

897
00:53:31,880 --> 00:53:33,200
Speaker 1: answer it. So I said, you got to talk to

898
00:53:33,239 --> 00:53:35,600
Speaker 1: people like Tammy Haddad. So here's a question that I

899
00:53:35,640 --> 00:53:37,480
Speaker 1: always get that I'm gonna put to you, a media

900
00:53:37,640 --> 00:53:44,200
Speaker 1: savvy expert and adviser. Can can the media survive in

901
00:53:44,320 --> 00:53:48,600
Speaker 1: the post Trump era? Can the Washington media survive in

902
00:53:48,680 --> 00:53:51,359
Speaker 1: the post Trump era? Or will they be bored out

903
00:53:51,400 --> 00:53:55,359
Speaker 1: of town? Well, see, you're so You're asking a key

904
00:53:55,480 --> 00:53:58,680
Speaker 1: question not if other people are interested, but how will

905
00:53:58,800 --> 00:54:01,120
Speaker 1: they make it interesting? And that is going to be

906
00:54:01,280 --> 00:54:04,680
Speaker 1: the greatest challenge. I mean, look, at first, everyone you know,

907
00:54:04,920 --> 00:54:08,080
Speaker 1: feels like, well, you know, I can chill out a little,

908
00:54:08,239 --> 00:54:10,640
Speaker 1: that it's not going to be drama every day. Although

909
00:54:10,920 --> 00:54:14,520
Speaker 1: President Trump today reminded us why he's the best at

910
00:54:14,560 --> 00:54:17,279
Speaker 1: all of this, because he just up ended what all

911
00:54:17,360 --> 00:54:20,880
Speaker 1: of these folks have been working on in Congress and

912
00:54:21,080 --> 00:54:23,520
Speaker 1: you know, all throughout Washington to get down and get

913
00:54:23,600 --> 00:54:27,239
Speaker 1: some relief to the American people. But um, I think

914
00:54:27,320 --> 00:54:30,399
Speaker 1: that that this is the Trump challenge. Although honestly, can

915
00:54:30,480 --> 00:54:34,799
Speaker 1: you think of another politician on the horizon. Let's put

916
00:54:34,920 --> 00:54:40,600
Speaker 1: President elect Biden aside and you know, Vice President Kamala

917
00:54:40,680 --> 00:54:43,719
Speaker 1: Harris aside, because we already know what they're gonna do, Kevin.

918
00:54:44,160 --> 00:54:46,200
Speaker 1: We know they're going to keep it close to the best.

919
00:54:46,920 --> 00:54:49,359
Speaker 1: We know they're going to move carefully. We know they're

920
00:54:49,360 --> 00:54:55,319
Speaker 1: gonna push for cooperation amongst parties. That is not exciting.

921
00:54:57,200 --> 00:55:00,760
Speaker 1: You get Nicol right for every time someone to oh, Timmy,

922
00:55:00,800 --> 00:55:02,600
Speaker 1: I want to talk to you. I want to produce

923
00:55:02,640 --> 00:55:04,640
Speaker 1: a show where I want to host a show called

924
00:55:04,680 --> 00:55:07,680
Speaker 1: common Ground. Nobody wants to see that show. That's why

925
00:55:07,719 --> 00:55:10,120
Speaker 1: it's not on TV. AM I right? Not? I No?

926
00:55:10,400 --> 00:55:12,040
Speaker 1: I think you know what? Actually, I think people are

927
00:55:12,160 --> 00:55:15,200
Speaker 1: hungry for policy driven news. I don't think people want

928
00:55:15,200 --> 00:55:17,480
Speaker 1: to be told what to think. I don't think they

929
00:55:17,560 --> 00:55:19,799
Speaker 1: want to be told what their opinions are. I think

930
00:55:19,840 --> 00:55:22,040
Speaker 1: they want to have an aha moment. I think they

931
00:55:22,080 --> 00:55:23,560
Speaker 1: want to go, oh, I didn't know that. And I

932
00:55:23,640 --> 00:55:25,640
Speaker 1: think that there's an opportunity for that, and I think

933
00:55:25,680 --> 00:55:27,480
Speaker 1: we do that here in Bloomberg. Let me ask you this,

934
00:55:28,000 --> 00:55:30,239
Speaker 1: Andrew Yang is running for mayor of New York City.

935
00:55:30,400 --> 00:55:34,080
Speaker 1: There's a dynamic politician tim there. He is santis on

936
00:55:34,280 --> 00:55:36,960
Speaker 1: his side. I mean, actually, it's interesting, right because he

937
00:55:37,080 --> 00:55:40,040
Speaker 1: was some of the candidates to say, you know, write

938
00:55:40,040 --> 00:55:42,400
Speaker 1: a check for a thousand dollars to every you know,

939
00:55:42,880 --> 00:55:46,080
Speaker 1: every person. Um, it'll be an interesting race to Glossio

940
00:55:46,360 --> 00:55:49,680
Speaker 1: is not in favor there. He has done a variety

941
00:55:49,719 --> 00:55:52,799
Speaker 1: of things over many years that he you know, bit

942
00:55:52,920 --> 00:55:55,560
Speaker 1: the hand that fed him. Hillary Clinton was, you know,

943
00:55:55,640 --> 00:55:58,120
Speaker 1: he was her protege and then he went right after her.

944
00:55:58,560 --> 00:56:00,439
Speaker 1: You know, so the city is not the good place.

945
00:56:00,560 --> 00:56:04,919
Speaker 1: Pandemic aside, then overlaid the pandemic, and then overlay what's

946
00:56:04,960 --> 00:56:08,640
Speaker 1: happening in business now right, and we're seeing, by the way,

947
00:56:08,760 --> 00:56:11,520
Speaker 1: don't forget what have we seen this past week, how

948
00:56:11,600 --> 00:56:15,640
Speaker 1: many tech companies are moving to Texas. Meanwhile, Mike Bloomberg

949
00:56:15,719 --> 00:56:18,520
Speaker 1: when he was mayor, he got so many tech companies

950
00:56:18,600 --> 00:56:21,640
Speaker 1: to come to New York. Will they also depart New

951
00:56:21,719 --> 00:56:25,439
Speaker 1: York City? And what gift will Andrew Yang bring them? Because,

952
00:56:25,480 --> 00:56:30,800
Speaker 1: by the way, right, like the final question, final question,

953
00:56:31,040 --> 00:56:38,000
Speaker 1: and you got like ten seconds. What's your favorite Christmas song? Oh? Um? Oh,

954
00:56:38,280 --> 00:56:41,120
Speaker 1: I don't know. I guess i'd hack to say Silent Night.

955
00:56:41,239 --> 00:56:43,080
Speaker 1: I hate to be in the old lady that I am,

956
00:56:43,680 --> 00:56:46,120
Speaker 1: but I love the Silent Night. I like, oh Holy Night,

957
00:56:46,200 --> 00:56:49,680
Speaker 1: that's my all time favorite one. Tam, Happy holidays, my friend.

958
00:56:49,800 --> 00:56:52,520
Speaker 1: Thank you. I'm Kevin surreally happy holidays to you too.

959
00:56:52,760 --> 00:56:55,000
Speaker 1: Thanks for listening, So Bloomberg niney nine one