WEBVTT - Connecticut Governor Ned Lamont Talks Tariffs, Government Policy 0:00:02.520 --> 0:00:07.400 Bloomberg Audio Studios, podcasts, radio news. 0:00:08.000 --> 0:00:11.039 Many talk few have to act in one of them. 0:00:11.400 --> 0:00:14.280 As the Governor of Connecticut and Medlamont joins us right 0:00:14.320 --> 0:00:16.400 now in our studios this morning. 0:00:16.520 --> 0:00:17.119 You're wounded. 0:00:17.120 --> 0:00:18.800 For those of you on radio, He's got the sling 0:00:18.880 --> 0:00:22.119 going in that you're on a trade mission to India. 0:00:22.720 --> 0:00:27.240 How is President Trump helping Connecticut with your trade relations 0:00:27.360 --> 0:00:27.960 with India? 0:00:29.160 --> 0:00:33.120 India was nervous as heck about President Trump. That said, 0:00:33.159 --> 0:00:35.120 we went to Eastern India, which is by far the 0:00:35.120 --> 0:00:39.400 most innovative and entrepreneurial part. We did a trade mission there, 0:00:39.520 --> 0:00:42.520 met with a forty or fifty companies, some of which 0:00:42.560 --> 0:00:45.040 you're thinking about getting a foothold in the United States. 0:00:45.320 --> 0:00:47.559 I had to spell Connecticut forum, but now they know, well, 0:00:47.600 --> 0:00:47.879 you have. 0:00:47.840 --> 0:00:51.120 To spell Connecticut for me as well. Governor Laman Bloomenthal 0:00:51.440 --> 0:00:51.800 as well. 0:00:51.840 --> 0:00:56.840 On this yesterday. You take electricity from Canada. If doug 0:00:56.960 --> 0:01:00.920 Ford of Ontario or Quebec Hydro, if they pull the plug, 0:01:01.120 --> 0:01:02.560 what's it mean for Bridgeport. 0:01:04.000 --> 0:01:06.960 We have some very high electric prices throughout New England, 0:01:07.000 --> 0:01:09.840 including Connecticut, and we bring down a lot of hydro 0:01:10.000 --> 0:01:12.959 from Canada. So you put ten percent on there that 0:01:12.959 --> 0:01:15.679 would add about seventy five million. You put twenty percent 0:01:15.760 --> 0:01:18.640 on there, that'd be one hundred and fifty million additional 0:01:18.680 --> 0:01:20.880 fees paid for by our rate payers. 0:01:20.920 --> 0:01:24.000 Not a great idea, So, Governor, as you've probably seen 0:01:24.080 --> 0:01:26.039 here in the financial markets, which Tom and I and 0:01:26.440 --> 0:01:28.440 deal with every day, a lot of uncertainty in the 0:01:28.440 --> 0:01:32.479 marketplace as it relates to economic policy of this new administration. 0:01:32.520 --> 0:01:35.679 We're seeing that in lower stock prices and weaker dollar. 0:01:36.240 --> 0:01:39.360 How did you see it from Connecticut? How did you 0:01:39.400 --> 0:01:42.160 and your constituency look at this current environment. 0:01:42.640 --> 0:01:44.600 I come out of the business world. The business world 0:01:44.680 --> 0:01:47.560 hates uncertainty. If you know, when I took over Connecticut, 0:01:47.640 --> 0:01:50.200 we were going from boom to bust a bust and 0:01:50.400 --> 0:01:54.120 raising taxes. And we've had six straight balanced budgets trying 0:01:54.160 --> 0:01:57.800 to give people a certainty or unemployment rate is way 0:01:57.800 --> 0:02:00.200 down and job growth is up. But it's just the 0:02:00.280 --> 0:02:03.800 opposite in Washington, DC right now all that uncertainty starting 0:02:03.840 --> 0:02:07.000 with tariffs, are looking at deficits, a lot of businesses 0:02:07.000 --> 0:02:08.760 that I think I'm going to hold off right now 0:02:08.800 --> 0:02:10.960 before I make that investment. That's not good. 0:02:11.720 --> 0:02:14.359 So in Connecticut, what are the chief issues that you 0:02:14.400 --> 0:02:16.919 guys are dealing with from an economic perspective these days. 0:02:18.040 --> 0:02:20.760 Look, we're going to we're looking at our seventh and 0:02:20.840 --> 0:02:25.000 eighth balanced budget. Unless they cut medicaid by a billion dollars, 0:02:25.120 --> 0:02:28.000 you cut medicaid by a billion dollars, our budget has 0:02:28.040 --> 0:02:30.680 turned upside down. And that's true of forty nine other states. 0:02:30.919 --> 0:02:33.200 What are you hearing from the federal government about some 0:02:33.240 --> 0:02:34.359 of those big ticket items. 0:02:34.560 --> 0:02:36.760 I don't think they know right now. I was down there. 0:02:36.840 --> 0:02:40.520 I met with folks, the secretaries that just come into office. 0:02:40.560 --> 0:02:43.440 They're coming up and they're modeling. But everything runs through 0:02:43.440 --> 0:02:44.080 the White House. 0:02:44.280 --> 0:02:46.680 For those of you across the nation in your commute today, 0:02:46.960 --> 0:02:49.799 a Democrat, the governor of Connecticut is with us, Ned 0:02:49.880 --> 0:02:55.120 lamont Is. He goes through the tiptoes through all this 0:02:55.240 --> 0:02:58.240 different policy changes we're seeing. I'm going to cut to 0:02:58.280 --> 0:03:01.000 the chase. You got to vote of confidence from the people. 0:03:01.080 --> 0:03:03.960 You get forty nine percent of the vote and one 0:03:04.200 --> 0:03:07.000 in twenty eighteen, I'm going to call it barely. 0:03:07.440 --> 0:03:09.480 You improved dramatically. 0:03:08.840 --> 0:03:12.680 In twenty twenty two with fifty seven percent of the vote. 0:03:13.120 --> 0:03:16.760 What do you say, really, the polarity of the nation 0:03:17.000 --> 0:03:18.920 on right and left. But what do you say to 0:03:18.960 --> 0:03:23.679 the Democratic Party is they addressed from a left liberal 0:03:23.760 --> 0:03:29.080 point the reality of a centrist Lamont and others as well. 0:03:29.200 --> 0:03:31.799 A centrist Lamont probably is going to disagree with the 0:03:31.800 --> 0:03:35.000 Trump administration on a majority of things. But start with 0:03:35.120 --> 0:03:37.480 areas where we can find some agreement, where we can 0:03:37.520 --> 0:03:40.280 work together. For me, that starts with energy. The high 0:03:40.280 --> 0:03:43.720 price of electricity. You know, the possibility that we could 0:03:43.720 --> 0:03:46.800 bring in natural gas or expand nuclear in our region 0:03:47.080 --> 0:03:50.120 would be transformative. A place where I've been meeting with 0:03:50.160 --> 0:03:52.200 the Secretary is down to Washington. Something we can get 0:03:52.240 --> 0:03:52.760 done together. 0:03:53.120 --> 0:03:54.160 Well, let me let me you know, we're at a 0:03:54.200 --> 0:03:56.400 piece of chalk on our hand at Harvard years ago, 0:03:56.520 --> 0:03:59.760 Nev Lamont. Did the Republicans win the election, Tod Trump 0:03:59.800 --> 0:04:03.200 win or did the Democrats lose the election because they 0:04:03.200 --> 0:04:04.600 were too far left? 0:04:05.560 --> 0:04:07.920 I think Trump won. He won because it was a 0:04:08.000 --> 0:04:11.720 change election. I look around the world, nobody wanted more 0:04:11.760 --> 0:04:13.960 of the same, and I think a little bit Kamala 0:04:14.040 --> 0:04:18.000 got stuck with the Biden legacy, couldn't differentiate herself from there. 0:04:18.360 --> 0:04:21.880 And believe me, Donald Trump represented change. 0:04:22.320 --> 0:04:24.200 When you think about the Democratic Party today, a lot 0:04:24.240 --> 0:04:28.120 of folks are saying, where's the leadership? Because it seems 0:04:28.120 --> 0:04:31.320 like President Trump and his administration taking all the oxygen 0:04:31.360 --> 0:04:34.799 out of the room. Where is the democratic response, Where's 0:04:34.800 --> 0:04:37.760 the democratic policy? Where's the democratic leadership? 0:04:37.880 --> 0:04:40.240 Who do you think is the leader? Does a democratic 0:04:40.240 --> 0:04:42.080 party have a leader these days? Well, when we're not 0:04:42.160 --> 0:04:44.440 in power, you tend to have a lot of different leaders. 0:04:44.520 --> 0:04:47.520 I'd start with the governors. The governors are not making 0:04:47.640 --> 0:04:50.080 everything a battle about Donald Trump. But when it comes 0:04:50.080 --> 0:04:52.400 to medicaid, we're going to hit hard. We're going to 0:04:52.480 --> 0:04:57.120 work with Republican governors to say, you know, unensuring these 0:04:57.320 --> 0:04:59.800 poor people is just going to drive a wedgend or 0:05:00.040 --> 0:05:03.839 hospitals as well, make a difference, find areas of specific 0:05:04.320 --> 0:05:07.279 interest and focus on that, you know, rather than just 0:05:07.360 --> 0:05:08.520 make everything about Trump. 0:05:09.600 --> 0:05:13.280 Congestion pricing. We've got a congestion pricing corresponding right here 0:05:14.040 --> 0:05:15.040 is trying. 0:05:14.800 --> 0:05:15.600 To get me in trouble. 0:05:15.720 --> 0:05:20.080 Yes, New Jersey has a particular view of congestion pricing 0:05:20.120 --> 0:05:22.000 against it. How does the folks in Connecticut. 0:05:22.080 --> 0:05:23.880 I just think you have to pay your bills, and 0:05:24.200 --> 0:05:26.080 New York City's got to pay their bills. You've got 0:05:26.080 --> 0:05:30.039 a pretty anniquated subway system. Does anybody have a better 0:05:30.120 --> 0:05:33.000 idea of how to pay for things? It's so easy 0:05:33.040 --> 0:05:34.640 to say no, and right now there are a lot 0:05:34.720 --> 0:05:36.800 of people say no. So I'm a little sympathetic that 0:05:36.880 --> 0:05:37.640 Kat the ohlklown. 0:05:38.000 --> 0:05:43.640 You represent an advantaged America with the heritage of JP 0:05:43.800 --> 0:05:45.599 Morgan and all that you've. 0:05:45.440 --> 0:05:46.400 Done in your life. 0:05:46.839 --> 0:05:51.039 How does America find the center again? We are whatever 0:05:51.080 --> 0:05:54.560 anybody's politics on this show, we can all admit it's 0:05:54.600 --> 0:05:56.400 a fractured America. 0:05:56.839 --> 0:05:58.280 How do we find the center? 0:05:58.760 --> 0:06:01.360 Back to your family and he's key four years ago 0:06:01.720 --> 0:06:03.679 and others, how do we get back to the center? 0:06:03.720 --> 0:06:05.760 Governor Lamont, I. 0:06:05.680 --> 0:06:09.080 Think we found in Connecticut Republicans and Democrats find places 0:06:09.120 --> 0:06:12.919 we can agree. Let's say we did the biggest tax 0:06:12.960 --> 0:06:16.240 cut ever last year, but it was middle class people 0:06:16.360 --> 0:06:19.120 and beyond it was not for rich people. That was 0:06:19.160 --> 0:06:21.880 an area where Republicans and Democrats could get together a 0:06:21.920 --> 0:06:25.880 five hundred million dollars tax cut. What we're doing in 0:06:25.960 --> 0:06:28.800 terms of making sure that we educate people for the 0:06:28.880 --> 0:06:31.400 jobs that are out there right now, there's a disconnect. 0:06:31.680 --> 0:06:35.479 I'm finding pretty good balance between Republicans and Democrats there. Look, 0:06:35.480 --> 0:06:37.640 there's a certain incentive to say no, that's what the 0:06:37.720 --> 0:06:40.400 nature of the opposition party is. I don't think that's 0:06:40.440 --> 0:06:42.640 good for Democrats at the national level, and I don't 0:06:42.640 --> 0:06:45.159 think that's good for Republicans at our state level. 0:06:46.400 --> 0:06:48.760 Foreign policy, it's another area that is front and center 0:06:48.800 --> 0:06:52.080 for better or worse for the United States, both in 0:06:52.120 --> 0:06:54.719 the Middle East and in the Ukraine. Just start with Ukraine. 0:06:54.760 --> 0:06:58.240 There seems to be I guess, a willingness to find 0:06:58.320 --> 0:07:01.599 some solution over there, and that's question how you get there? 0:07:01.640 --> 0:07:04.640 And President Trump has a certain focus here. How would 0:07:04.680 --> 0:07:08.039 you approach what's happening in Ukraine trying to find some 0:07:08.120 --> 0:07:09.200 type of piece there. 0:07:09.320 --> 0:07:11.720 Not the way Donald Trump is doing it. Look, he 0:07:11.800 --> 0:07:13.560 wrote the Art of the Deal. You go in, you 0:07:13.640 --> 0:07:17.280 negotiate from a position to strength. Instead, Pete Hesa just 0:07:17.360 --> 0:07:20.480 pulled the rug out from under Zelenski put in place 0:07:20.520 --> 0:07:22.680 a whole list of concessions, a sense that we're not 0:07:22.680 --> 0:07:24.760 going to be there to back them. I think that's 0:07:24.760 --> 0:07:26.960 a terrible way to do it. And our allies around 0:07:27.000 --> 0:07:29.600 the world are watching how we treat Ukrain. I heard 0:07:29.600 --> 0:07:31.560 that when I was in India as well. I'm glad 0:07:31.600 --> 0:07:34.120 they're sitting down I think they're negotiating. I think that's 0:07:34.200 --> 0:07:37.480 long overdue, but negotiate from a position of strength. 0:07:37.960 --> 0:07:40.480 Well, I look, Governor Laban at Connecticut, and I think 0:07:40.520 --> 0:07:42.920 there's so many stereotypes out there, and folks, you can 0:07:42.960 --> 0:07:45.560 come up with your own stereotype. It probably starts with 0:07:45.560 --> 0:07:48.520 a Hinkley picnic voter at Graham Banks. Yeah, but the 0:07:49.160 --> 0:07:54.480 reality is Connecticut's got an incredible polarity, including sixteen seventeen 0:07:55.080 --> 0:07:59.800 percent foreign born migrants. You know, whatever those numbers are. 0:08:00.000 --> 0:08:02.640 The last time we talked, you said you're managing it. 0:08:02.640 --> 0:08:04.720 It's not the crisis of New York State and what 0:08:04.840 --> 0:08:07.920 Mayor Adams is facing. But give us an update, and 0:08:07.960 --> 0:08:12.040 our Connecticut is tackling this polarizing issue. 0:08:13.600 --> 0:08:17.640 Connecticut is a diverse state. We represent the diversity of 0:08:17.680 --> 0:08:20.360 the United States of America. When I go to India, 0:08:20.880 --> 0:08:23.440 I have to say, Look, the stereotype of Connecticut is 0:08:23.440 --> 0:08:26.280 a bunch of Fairfield County guys in these boats you're 0:08:26.320 --> 0:08:30.080 talking about. Is not the reality. Our biggest percentage of 0:08:30.080 --> 0:08:34.280 international students are Indian born students, and that we welcome that. 0:08:34.400 --> 0:08:36.840 I think that's a great strength for our state, and 0:08:36.880 --> 0:08:38.480 I think it is a great strength for our country, 0:08:38.480 --> 0:08:39.760 and I think we're getting away from that. 0:08:40.800 --> 0:08:43.200 You come from business, you have a business background. President 0:08:43.240 --> 0:08:47.360 Trump today is addressing the business roundtable. What do you 0:08:47.360 --> 0:08:49.520 think the message should be from Trump to the business 0:08:49.600 --> 0:08:52.360 leaders and from the business leaders to President Trump. 0:08:53.240 --> 0:08:55.960 I think from the business leaders to President Trump, you're 0:08:56.000 --> 0:09:00.000 seeing the incredible anxiety and uncertainty reflected in a collapse 0:09:00.200 --> 0:09:04.839 stock market and a rising unemployment rates. Look, I agree 0:09:04.880 --> 0:09:07.000 with you in terms of wanting to do big things, 0:09:07.000 --> 0:09:09.520 but you don't have to do them overnight with a chainsaw. 0:09:09.880 --> 0:09:11.679 Give us a direction of where you want to go, 0:09:11.720 --> 0:09:14.679 and we can invest accordingly. I hope the President listens 0:09:14.720 --> 0:09:15.000 to that. 0:09:15.120 --> 0:09:18.240 I'm fascinated with a Supreme Court decision the other day 0:09:18.880 --> 0:09:20.520 with Amy Cony Barritt going over. 0:09:21.160 --> 0:09:23.040 There seems to be a primal. 0:09:22.720 --> 0:09:29.120 Scream of the judiciary solving legislative problems. You're part of 0:09:29.160 --> 0:09:32.080 that as an executive in Connecticut, but also almost like 0:09:32.120 --> 0:09:33.720 a legislature to Washington. 0:09:34.240 --> 0:09:34.400 Is a. 0:09:35.880 --> 0:09:39.840 Governor is a legislature just giving up the ghost in Washington? 0:09:40.400 --> 0:09:43.960 I mean, does Congress even part of the debate anymore? 0:09:46.559 --> 0:09:51.480 I'm sort of glad to see the judiciary standing up 0:09:51.559 --> 0:09:55.320 to some of the intrusions from the Trump administration. You 0:09:55.320 --> 0:09:59.000 know that said they haven't passed a darn thing down 0:09:59.040 --> 0:10:00.760 in Congress. In the life too. 0:10:00.640 --> 0:10:01.480 Exactly, that's. 0:10:03.520 --> 0:10:05.920 Maybe the judiciary is stepping in there. But I think 0:10:05.960 --> 0:10:09.079 the judiciary right now is the guardrails protecting our democracy. 0:10:09.160 --> 0:10:11.040 One of the great themes here and it's the theme 0:10:11.120 --> 0:10:15.040 of your life, is we've expanded our federal mandate away 0:10:15.080 --> 0:10:19.400 from states like a Connecticut. I mean, there's a swing 0:10:19.440 --> 0:10:21.800 back here where we've said enough on a titlements. 0:10:22.160 --> 0:10:23.719 When you see. 0:10:23.480 --> 0:10:26.439 The policy from your advisors, we're going to pull back 0:10:26.480 --> 0:10:29.480 from agriculture, We're going to pull back from Congress. We're 0:10:29.480 --> 0:10:31.800 going to pull back FAA and all the rest of 0:10:31.960 --> 0:10:35.440 the DOSE stuff and all the rest. It's a primal 0:10:35.559 --> 0:10:38.120 scream of a smaller Washington. 0:10:38.559 --> 0:10:41.320 Is that feasible right now? 0:10:41.320 --> 0:10:43.920 It's popular because it sounds like Dose is getting rid 0:10:43.960 --> 0:10:46.280 of a bunch of bureaucrats or you know, just leaning 0:10:46.320 --> 0:10:49.559 on their shovels. But every day in our state level, 0:10:49.640 --> 0:10:52.480 you're seeing how it's hitting people, starting with healthcare. I 0:10:52.520 --> 0:10:54.720 think that pushback is going to get louder and louder, 0:10:55.040 --> 0:10:56.240 and den Lebama. 0:10:55.840 --> 0:10:58.319 With US the governor of Connecticut. We continue our conversation. 0:10:58.400 --> 0:11:01.600 We welcome all of you. Governor Lamon's people came in, 0:11:01.640 --> 0:11:04.000 they said, Tom, please do data checks here. We understand 0:11:04.320 --> 0:11:08.520 the market's blown up. Futures up twenty five now negative three. Again, 0:11:08.559 --> 0:11:11.680 the VIS comes out over twenty eight. That's a key statistic, 0:11:12.000 --> 0:11:16.040 twenty eight point zero five on the VIS yields we're lower, 0:11:16.160 --> 0:11:19.760 they're now higher. There's some real correlated churn to the 0:11:19.800 --> 0:11:23.480 tape right now. Oil sixty six eighty seven a barrel. 0:11:23.600 --> 0:11:27.960 The dollar weaker this morning, yen churning. I'm gonna call 0:11:27.960 --> 0:11:30.440 it the euro well over a one oh nine, showing 0:11:30.480 --> 0:11:34.560 some of the currency dynamics. Paul with a governor of Connecticut. 0:11:34.720 --> 0:11:37.040 Governor, you and the state of Connecticut, as you mentioned, 0:11:37.040 --> 0:11:40.600 have been able to balance your budget. We're coming up 0:11:40.600 --> 0:11:43.920 to some budget discussions then in Washington, DC. What is 0:11:43.960 --> 0:11:48.559 your advice to folks in Congress about these upcoming negotiations 0:11:48.600 --> 0:11:51.240 and trying to balance the budget and trying to push 0:11:51.360 --> 0:11:53.240 that part of the policy through. 0:11:54.000 --> 0:11:57.040 Governors are so frustrated with Washington. We all have to 0:11:57.080 --> 0:12:00.360 balance our budget down in Washington, and it's an afterthoughtstand 0:12:00.400 --> 0:12:04.199 that deficits are not politically that charged an issue, But 0:12:04.240 --> 0:12:06.240 you got to do the right thing. You don't have 0:12:06.280 --> 0:12:08.880 to solve it overnight, but you've got to directionally start 0:12:08.920 --> 0:12:12.000 showing that you're getting your budget under control. I don't 0:12:12.000 --> 0:12:13.400 see that happening in Washington. 0:12:13.480 --> 0:12:17.120 Are you surprised there's not more political pressure to do that? 0:12:17.160 --> 0:12:21.280 Because I think the message I've taken is that unless 0:12:21.800 --> 0:12:25.920 people force Washington to do that, either to lower expenses, 0:12:26.160 --> 0:12:29.559 raise revenue, whatever they have to do. Unless there's political pressure, 0:12:29.800 --> 0:12:31.680 there's no really no incentive to do anything. 0:12:32.960 --> 0:12:35.400 Look here at Bloomberg, we care about that deeply. We 0:12:35.440 --> 0:12:37.839 know if you don't have an honestly balanced budget, a 0:12:37.920 --> 0:12:40.800 bad things happen in the future. I've paid down our 0:12:40.840 --> 0:12:44.839 debt by over ten billion dollars. People don't care that much. 0:12:45.280 --> 0:12:47.480 You know, they have real needs every day. How can 0:12:47.520 --> 0:12:48.600 you not taken care of that? 0:12:49.880 --> 0:12:51.839 So how do you think about that? I mean, is 0:12:51.880 --> 0:12:54.840 this the How do you think if you were to 0:12:54.840 --> 0:12:58.200 balance the US budget? Where would you go expenses, revenue both? 0:12:58.520 --> 0:12:59.560 How would you think about it? 0:12:59.720 --> 0:13:02.200 Don't I think I'd have the biggest tax cut in 0:13:02.320 --> 0:13:05.040 history for the wealthiest folks. I think that sends the 0:13:05.120 --> 0:13:07.800 wrong signal. It takes us in the wrong direction. I 0:13:07.800 --> 0:13:11.160 think I would be going after efficiency, not the way 0:13:11.200 --> 0:13:13.600 Doze is doing, but in a serious way. And you 0:13:13.640 --> 0:13:15.000 can't disregard entitlements. 0:13:15.080 --> 0:13:17.600 I got two questions left. They're both really really important. 0:13:17.720 --> 0:13:20.439 One with immense respect to your family, the heritage of 0:13:20.440 --> 0:13:21.760 the Lamont family. 0:13:21.800 --> 0:13:24.800 On all of Wall Street. Is this a new gilded age? 0:13:24.880 --> 0:13:29.040 Have we skewed things so far over to billionaire mania 0:13:29.240 --> 0:13:32.679 that we're really reliving? I mean, Trump has this fixation 0:13:32.840 --> 0:13:37.360 over McKinley and tariffs. Are we reliving McKinley as a society. 0:13:38.120 --> 0:13:40.160 I think we are a little bit. I think inflating 0:13:40.160 --> 0:13:43.280 the money supply and all the deficits have made the 0:13:43.400 --> 0:13:46.240 rich a lot richer, probably the richest they've been since 0:13:46.320 --> 0:13:47.360 nineteen twenty nine. 0:13:48.160 --> 0:13:50.000 I got one final question. It's credit. 0:13:50.160 --> 0:13:53.800 Paul emails in and says it's just simple. Finally Big 0:13:53.800 --> 0:13:57.240 East basketball is back. I mean, I'm looking at Yukon 0:13:57.400 --> 0:13:58.160 Saint John's. 0:13:58.640 --> 0:13:59.920 This could be a bit that is going to. 0:13:59.920 --> 0:14:03.120 Be a great Big East game. You got Yukon is 0:14:03.160 --> 0:14:05.400 playing better and better than men when the women are 0:14:05.480 --> 0:14:05.960 top flight. 0:14:06.080 --> 0:14:09.280 Women are top flight, but in men's basketball, Yukon's won 0:14:09.320 --> 0:14:09.960 four in a row. 0:14:10.080 --> 0:14:12.280 Are they saving it for Saint John's here? 0:14:12.960 --> 0:14:15.360 Hey, look we're two time national champions. Yeah, we know 0:14:15.400 --> 0:14:15.880 what we're doing. 0:14:16.040 --> 0:14:18.000 Okay, John Tucker, would you like to do this? His 0:14:18.040 --> 0:14:21.040 own congestions you to know this is more important. Do 0:14:21.040 --> 0:14:22.600 you know why they call it a nutmeg state? 0:14:22.880 --> 0:14:25.320 No, it's based on a scam they used to the 0:14:25.400 --> 0:14:30.600 Yankee peddlers used to sell fake nutmeg to unsuspecting travelers 0:14:30.600 --> 0:14:33.640 in Connecticut. That right, I rephrase that a little bit. 0:14:33.720 --> 0:14:37.280 We're a great trading state. We take advantage of our advantages. 0:14:38.680 --> 0:14:43.840 Final question, I noticed, finally, after finally, after four hundred years, 0:14:44.240 --> 0:14:48.640 we get new Amtrak trains. Everybody blames Connecticut for the 0:14:48.640 --> 0:14:49.480 worst wires. 0:14:49.840 --> 0:14:52.120 We fixed it. You know, forget about the tunnels. We 0:14:52.200 --> 0:14:53.640 fixed it in New York to Washington. 0:14:53.920 --> 0:14:57.840 Give us an update on your unspeakable relationship with Amtrak 0:14:58.200 --> 0:15:00.560 to give us better, cheaper train service. 0:15:01.080 --> 0:15:03.800 I will tell you we're gonna be able to speed 0:15:03.880 --> 0:15:06.760 up a track dramatically over the next five years. We 0:15:06.840 --> 0:15:10.520 got significant resources from the Biden administration. We are a 0:15:10.600 --> 0:15:12.640 choke point. We got a lot of little towns, a 0:15:12.640 --> 0:15:14.880 lot of stops along the way, a lot of twist 0:15:14.960 --> 0:15:18.040 and turns around. Missus o'gillicutti's home. We're going to speed 0:15:18.080 --> 0:15:18.360 that up. 0:15:18.480 --> 0:15:20.560 Is the President going to cut your submarine effort? 0:15:21.280 --> 0:15:24.040 I don't think so. It's the strategic piece of our triad. 0:15:24.080 --> 0:15:26.040 They're still undecipherable, folks. 0:15:26.040 --> 0:15:27.080 For those that don't know it. 0:15:27.160 --> 0:15:29.400 You take the train up and you're there and there's 0:15:29.480 --> 0:15:32.000 like a submarine over in a window. Explain to people 0:15:32.040 --> 0:15:35.880 what's going on. It's your submarine base in Connecticut. It's 0:15:35.960 --> 0:15:38.680 top top, top secret. They don't even know if they 0:15:38.760 --> 0:15:42.080 leave or go because they leave underwater. But explain the 0:15:42.120 --> 0:15:44.960 commitment of Connecticut to our United States Navy. 0:15:45.280 --> 0:15:48.600 Yeah, electric boat part of General Dynamics, makes most of 0:15:48.640 --> 0:15:52.560 our submarines here and down in Virginia. It's the last 0:15:52.560 --> 0:15:55.640 piece of our triad that is still undetectable. So it's 0:15:55.760 --> 0:15:59.040 really important in terms of our strategic deterrence. If you 0:15:59.080 --> 0:16:01.600 think the Soviets are coming in from the North Sea, 0:16:02.040 --> 0:16:03.960 you know they're going to come right by New England. 0:16:04.000 --> 0:16:05.960 It's very important what we got there in the Groton, 0:16:05.960 --> 0:16:06.880 New London areas. 0:16:07.240 --> 0:16:10.240 Governor, thank you for joining Bloomberg today, Grant, I appreciate 0:16:10.280 --> 0:16:13.680 it I'm still a mount of the state of Connecticut.