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Speaker 1: We should it as Democrats be about in the Republicans,

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Speaker 1: President Trump was secure to smash conventional norms. I would

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Speaker 1: rather see a congressional solution. It's part of my DNA.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirlan on Bloomberg two.

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Speaker 1: Busy day, Busy day. This as fallout from the oil saga.

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Speaker 1: We're gonna bring you the latest on that with my

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Speaker 1: exclusive interview with Senator Kevin Cramer Kramer, Republican from North Dakota.

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Speaker 1: Plus President Trump may exempt health food workers from the

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Speaker 1: immigration BAM lots to get through Two things tonight on

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Speaker 1: my radar, happening this hour. The Senate as we speak,

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Speaker 1: voting on the Paycheck Protection Program. The Senate holding a

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Speaker 1: vote on paycheck Protection program on Capitol Hill. We'll bring

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Speaker 1: you that vote tally as we get it and as

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Speaker 1: that news breaks. Remember, folks, this was an intensely polarized

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Speaker 1: debate that has gone on and carried over for the

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Speaker 1: past week as the small business Administration has run out

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Speaker 1: of the p p P funds that they need. Meanwhile,

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Speaker 1: also tonight, we are awaiting President Trump's daily Coronavirus Task

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Speaker 1: Force briefing that set to begin within this hour. Uh,

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Speaker 1: and as the President addresses the country, we will go

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Speaker 1: to him. You can listen to that right here live

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Speaker 1: on Bloomberg. However, new developments as well as policymakers all

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Speaker 1: around the country, not just a six Pennsylvania Avenue, not

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Speaker 1: just in the Senate, but all around the country. They're

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Speaker 1: trying to figure out how do we reopen this economy.

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Speaker 1: We now have a first time guest on the program.

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Speaker 1: I'm so incredibly grateful that he made time for us.

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Speaker 1: His name is John Last. He is the founder and

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Speaker 1: president of the Sports and Leisure Research Group. No, we're

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Speaker 1: not going to talk about Tom Brady cheating and trying

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Speaker 1: to work out in Florida. Once a cheating, always cheater.

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Speaker 1: We are going to talk about a new study that

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Speaker 1: they put out. John, What did you find out to

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Speaker 1: us about the economic impact of this saga that's been

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Speaker 1: going on as it relates to nine eleven. Well, we

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Speaker 1: found out that at leaks, from a consumer sentiment standpoint,

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Speaker 1: we are looking at an outlook that is unprecedented for

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Speaker 1: this century. We kind of we've back in two thousand

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Speaker 1: and one, literally two weeks after the tragic events of

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Speaker 1: nine eleven. We asked a series of questions similar to

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Speaker 1: the ones that we're asking now about people's willingness to travel,

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Speaker 1: about people's willingness to spend on luxuries. And at least

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Speaker 1: in the first initial waves UH that data showed numbers

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Speaker 1: that were significantly below what we saw in two thousand

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Speaker 1: and one. And then again we we asked similar questions

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Speaker 1: in the height of the last procession in two thousand

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Speaker 1: and eight, two thousand nine, and these numbers are dwarfed

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Speaker 1: by those as well. So as it relates to that,

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Speaker 1: when you juxtapose it with nine eleven, I mean, it

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Speaker 1: is remarkable. And if you're just joining us, John, they

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Speaker 1: did they tracked research after nine eleven, and they're comparing

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Speaker 1: that that data to what is going on now, and

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Speaker 1: they're calling it the back to Normal barometer. And my

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Speaker 1: understanding is that you're going to be releasing this periodically

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Speaker 1: throughout the recovery. What's the main driver of getting consumers

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Speaker 1: confident again to reopen the economy. Well, we we're gonna

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Speaker 1: actually we're actually in the field with it constantly. We're

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Speaker 1: doing it right now. And obviously we're trying to address

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Speaker 1: the three big questions that everybody's asking. When are things

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Speaker 1: going to be back to normal, How do we restore

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Speaker 1: confidence of clients return, what will the new normal look like?

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Speaker 1: And and we're finding obviously there's a number of specific

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Speaker 1: assurances that people are requiring to really feel comfortable and

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Speaker 1: engaging in activities like going to sporting events, going to movies,

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Speaker 1: going to restaurants, getting on airplane. And obviously, with such

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Speaker 1: a fluid situation, it's going to be really compelling to

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Speaker 1: see how this moves as we go through the crisis

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Speaker 1: and and and now particularly as some states are beginning

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Speaker 1: to relax to some of the uh stay at home

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Speaker 1: orders see It's It's we We. You know, I joke

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Speaker 1: about sports a lot on this program and how much

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Speaker 1: I genuinely missed them. But the economic impact of it,

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Speaker 1: I mean everything from a Hoagi shop that relies on

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Speaker 1: a strong showing of a sports team and the supply

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Speaker 1: chain and the trickle down effect, but also the bars

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Speaker 1: and the restaurants and even just to some extent, even retail.

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Speaker 1: But that's just one example. If you break that down

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Speaker 1: even more so, if certain states are able to to

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Speaker 1: to utilize certain things but Washington, d C is not,

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Speaker 1: then it becomes a patchwork issue. Um and an Ebana flow.

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Speaker 1: So how do you maintain growth when certain states are

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Speaker 1: ahead of, for lack of a better term, reopening parts

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Speaker 1: of their economy. It's going to be really challenging, Kevin.

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Speaker 1: I mean, that's it's funny. We were actually on the

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Speaker 1: call to on a call today earlier with with one

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Speaker 1: of the major sports leagues, and particularly because so many

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Speaker 1: decisions at least right now are are happening on a

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Speaker 1: local level that creates all kinds of logistical nightmares beyond

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Speaker 1: you know, the the initial logistical nightmares of pivot from

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Speaker 1: so many different components as you alluded to, that that

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Speaker 1: go into putting on sporting events or you know, creating

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Speaker 1: these types of experiences for fans. Um. You know, there's

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Speaker 1: an interesting juxtaposition beyond you know where I opened up

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Speaker 1: with in terms of the comparative attitudes relative to nine eleven.

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Speaker 1: We found also that about a third from a third

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Speaker 1: to the people we talked to actually are ready to

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Speaker 1: go back now without any assurances or whatsoever. It's gonna

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Speaker 1: be very interesting to see as as more of this happens,

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Speaker 1: whether we see that grounds well continue to build, I mean,

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Speaker 1: circumstein evidence of that in certain pockets over the last

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Speaker 1: several days. So what what's your message or what do

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Speaker 1: you think the message to lawmakers should be as they're

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Speaker 1: grappling with the next round of economic stimulus. What what

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Speaker 1: do do they need to do anything to incentivize people?

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Speaker 1: Or are Americans just you know, like bulls and behind

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Speaker 1: the gate ready to bust out of their cages. I

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Speaker 1: think it's a little bit of both. I mean, I

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Speaker 1: think in some respects there schools ready to bust out

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Speaker 1: of the gate. But there's one of the let me

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Speaker 1: tell you something, and so I was, I was. I

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Speaker 1: think I was at the last sporting events that uh

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Speaker 1: that that actually went to completion at the I was

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Speaker 1: at the Taxwealth Championship out in Vegas when everything got

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Speaker 1: shut down. So I think, you know, I was one

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Speaker 1: of those last crazy people to actually be at a

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Speaker 1: sporting event. But you know, not to make light of it,

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Speaker 1: there's still quite a few people that basically, you know,

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Speaker 1: roughly a third and again it varies by activity and

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Speaker 1: by sports, um, but roughly a third to thirty five

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Speaker 1: percent aren't comfortable going back right now until there's a

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Speaker 1: vaccine or or approven ethical treatment. UM. Again, that's all

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Speaker 1: fluid and that's something we're going to continue to look at.

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Speaker 1: But it's that iconomous effort that that that really seems

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Speaker 1: to be emerging amongst fans. So to your initial question,

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Speaker 1: I mean, sports could be in for a tough road back,

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Speaker 1: at least when it comes to having spectators in attendance.

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Speaker 1: And obviously that's the huge revenue prod. So for the

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Speaker 1: sport officials who are are dealing with this, I mean,

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Speaker 1: they really do set the stage culturally and and and

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Speaker 1: a lot of folks take their cultural cus whether or

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Speaker 1: not they know it, from the from the sporting league.

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Speaker 1: So do you think it'd be worthwhile in the minute

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Speaker 1: or so that we have left, do you think it

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Speaker 1: would be worthwhile to have games without fans in the stands?

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Speaker 1: Because that might be because everything that they're talking about

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Speaker 1: from Washington's perspective is it's going to be a gradual reopening.

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Speaker 1: Does gradual mean they can play the games but no

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Speaker 1: fans in the stands. I think that's what we're definitely

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Speaker 1: gonna see first. I mean we were already seeing it.

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Speaker 1: Horse racing is actually still running races without fans in

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Speaker 1: the sands, the PGA Tour and now I didn't know

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Speaker 1: that I mean to come back in mid June. Yeah,

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Speaker 1: it's actually been my one sports pick. Got salting Um

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Speaker 1: Tour is just planning to come back in mid June

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Speaker 1: with an event at the contrel Swam event in in

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Speaker 1: Fort Worth, Texas. Uh, and that would be without fans.

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Speaker 1: They've an anced will be without fans for four weeks.

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Speaker 1: So I think that's clearly the best early opportunity to

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Speaker 1: bring back sports. But clue, we also need to see

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Speaker 1: more of those revenues coming from attendance. College sports, in particular,

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Speaker 1: If they can't have fans in the stands for football

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Speaker 1: is fall, it's going to be a very difficult situation

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Speaker 1: for a lot of these courses. I want to thank

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Speaker 1: you for coming on. You're gonna come back on when

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Speaker 1: you guys release the update. My heart goes out to

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Speaker 1: all the kids, all the youth sports athletes who are

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Speaker 1: really getting a raw deal right now, and that worries me.

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Speaker 1: That worries me a lot. John last, everybody, thanks the

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Speaker 1: first time on the program. He'll be back coming up

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Speaker 1: next more policy and politics. I'm Kevin Sirelli, Chief Washington

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Speaker 1: correspondent f for Bloomber TV and Radio. This is Bloomberg.

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Speaker 1: You're listening to Bloomberg. Sound on with Kevin Si. Relate

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Speaker 1: on Bloomberg and one oh five point seven f M

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Speaker 1: H D two. There's a song I haven't heard in

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Speaker 1: a while, And yes I do get to pick the

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Speaker 1: playlist that we played in the breaks in the Name

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Speaker 1: of Love YouTube one of the all time great folks,

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Speaker 1: probably one of the all time greatest, greatest fans speak,

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Speaker 1: King of good music. Did anybody see the concert over

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Speaker 1: the weekend? Lady Gaga? Gaga performing with who was it?

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Speaker 1: Selene John? Legend? But Keith Urban still the show, Keith

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Speaker 1: Urban's performance A Higher Love. I have been bopping along

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Speaker 1: to that ever since it happened. Keith Urban, one of

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Speaker 1: the all time legends and country music anyway. Breaking news

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Speaker 1: headlines crossing the Bloomberg terminal. Now the Senate has I repeat.

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Speaker 1: The Senate has passed a four hundred and eighty four

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Speaker 1: billion dollar relief package that includes additional aid four small

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Speaker 1: business relief loan program that has run out of money,

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Speaker 1: the p p P program, as well as funding for

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Speaker 1: hospitals and virus testing. The measure now goes to the

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Speaker 1: House for a vote that is planned on Thursday, as

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Speaker 1: we've been talking about all week. Um and the three

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Speaker 1: hundred and forty nine billion dollars Small Business Loan Program

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Speaker 1: used up all of its funding in two weeks. Two weeks.

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Speaker 1: Remember this, this is the whole debacle as big businesses,

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Speaker 1: we're taking advantage of Main Street. Do you believe that?

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Speaker 1: What and a sick person would decide to do that.

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Speaker 1: J Timmins is on the line. He is one of

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Speaker 1: the insiders of Washington. President and CEO of the National

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Speaker 1: Association of Manufacturers. I've been dying to get Jay back

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Speaker 1: on the show because they have just been all over this.

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Speaker 1: The National Association of Manufacturers one of the driving economic

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Speaker 1: how do I say this, one of the driving economic

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Speaker 1: architects in this town. And they've released an American Renewal

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Speaker 1: Action Plan. We're not going to get out of this.

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Speaker 1: We're not going to get out of this COVID fallout, depression, recession,

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Speaker 1: whatever you wanna call it, unless manufacturing's back. Jay, tell

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Speaker 1: us about your plans, tell us tell us, And I

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Speaker 1: said to you that I'd really rather just talk about

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Speaker 1: you too, and maybe if we have to talk about policy,

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Speaker 1: we can go there. You're gonna get me in trouble

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Speaker 1: j because that's the show I want to do. Go ahead,

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Speaker 1: tell me about your plan. So we did just release

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Speaker 1: our plan for American Renewal, and you're exactly right. You know,

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Speaker 1: there are many things we're gonna have to do. Our

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Speaker 1: plan focuses on three components. First is response. That's the

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Speaker 1: that's the phase we're in right now. We're responding to

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Speaker 1: this crisis, and manufacturers are stepping up like never before.

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Speaker 1: And if you think about those essential workers in the economy, obviously,

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Speaker 1: healthcare workers and hospital workers, medical professionals all come to

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Speaker 1: mind immediately and rightly. So you've got fireman, you've got policemen,

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Speaker 1: you've got ambulance drivers, you've got you've got grocery clerks,

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Speaker 1: you've got pharmacists. All those people are making sure that

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Speaker 1: we can continue to live, say healthy and be well fed.

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Speaker 1: But you know what is behind all of that on

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Speaker 1: the front lines as manufacturers. They're out there producing those

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Speaker 1: personal protective equipment items like masks and gowns and gloves,

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Speaker 1: and their manufacturing the the cleaners and the sanitizers, and

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Speaker 1: they're responsible for the food supply. So that's what we're

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Speaker 1: in the middle of right now is response, and we

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Speaker 1: know that in addition to healthcare, manufacturers have to have

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Speaker 1: that PPE as well, and the rest of the economy

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Speaker 1: is going to need that as we go into the

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Speaker 1: recovery phase. As we get into recovery and we start

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Speaker 1: to open state by state, every sector of the economy

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Speaker 1: is those experiment Jay, are there. We're gonna have to

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Speaker 1: trade and pack are gonna allow us to grow our economy.

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Speaker 1: Jay Timmins is on the line. He is the UH

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Speaker 1: the go to guy for the president and CEO of

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Speaker 1: the National Association of Manufacturers. Jay, dive into the weeds

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Speaker 1: for our audience, because lawmakers just passed UH in the

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Speaker 1: Senate UH, the Small business UH UH funding to replenish

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Speaker 1: the program. But as as they start to grapple and

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Speaker 1: debate the next economic stimulus, what specifically our manufacturers looking

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Speaker 1: to see in that get into the weeds for me? Well,

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Speaker 1: I will tell you that part of the weeds that

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Speaker 1: we're seeing right now is what the Senate just past

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Speaker 1: and what we're hoping the House passes and that does

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Speaker 1: replenish that loan fund, especially for small UH and medium

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Speaker 1: sized businesses and manufacturers. I have to tell you, Kevin,

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Speaker 1: I don't think it's going to be enough, and we

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Speaker 1: worried that within just the next few days that Lone

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Speaker 1: fund is once again going to be out of out

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Speaker 1: of out of money, so we think that there's going

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Speaker 1: to be another need for to replenish that fund. I

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Speaker 1: will tell you the other thing that we're going to

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Speaker 1: need to get as we get into recovery, Employers are

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Speaker 1: going to need liability protections because look, it's just it's

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Speaker 1: just a matter, it's just reality. There are jackpot justice

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Speaker 1: trial lawyers just waiting to sue somebody to to try

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Speaker 1: to prove a point, and they're going to try to

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Speaker 1: make employers be the ones holding the bag. And I

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Speaker 1: can tell you as far as manufacturers go, they're doing

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Speaker 1: everything they can to keep their employees safe and healthy

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Speaker 1: and COVID free. So we need that liability protection. And

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Speaker 1: then we're gonna need to see some work on trade

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Speaker 1: and tax policy as we move forward. So this is

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Speaker 1: fascinating to me in terms of how manufacturers are really

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Speaker 1: going to be and you go to they're going to

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Speaker 1: be the foundation for recovery in many ways, especially in

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Speaker 1: battleground states like Ohio, Michigan, Wisconsin. These are manufacturing hubs

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Speaker 1: and I guess from your perspective j to kind of

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Speaker 1: shift gears overseas. So to speak, China has a lot

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Speaker 1: of questions to answer throughout all of this. From a

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Speaker 1: manufacturing perspective, are US manufacturing perspective? Does this create an

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Speaker 1: opportunity for job creation domestically? Uh too, Maybe to maybe

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Speaker 1: make some more of the supply chains US centric, especially

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Speaker 1: as as maybe folks are business leaders and multinationals are

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Speaker 1: are reevaluating their reliance upon China. Well, look, I represent

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Speaker 1: manufacturers in a rick, and I wish we could make

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Speaker 1: everything here and export it all over the world. Frankly,

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Speaker 1: that's not particularly practical. We live in a global economy.

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Speaker 1: So if we're not, if if we're not also manufacturing

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Speaker 1: at different places around the world, other manufacturers that are

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Speaker 1: not US based will take you know, that will take

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Speaker 1: our market share away from US. But other things that

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Speaker 1: can can grow here in the United States, maybe move

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Speaker 1: some parts of the supply chain back to the United States. Absolutely,

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Speaker 1: but we're going to need incentives to do that. I

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Speaker 1: will tell you that tax policy and regulatory policy over

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Speaker 1: the last three years really resulted in a lot of

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Speaker 1: manufacturers investing their next dollar here in the United States,

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Speaker 1: hiring the next worker here in the United States, raising

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Speaker 1: wages and benefits here in the United States. We want

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Speaker 1: to get back to that. But we also know that

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Speaker 1: if somebody's going to pick up a two billion dollar

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Speaker 1: plant and move it across the ocean, they're gonna need

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Speaker 1: some incentives to be able to do that. And that's

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Speaker 1: what that's what our plan is going to call for

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Speaker 1: for their renewal phase of come. J Simmons always appreciate

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Speaker 1: the time. I always learned something when I talked to Jay.

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Speaker 1: He always it makes me think about something I wasn't

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Speaker 1: thinking of. He is the president of the National Association

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Speaker 1: of Manufacturers. They just released their plan and it's a

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Speaker 1: plan that gets policymakers thinking and talking because they've got

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Speaker 1: a seat at the table. Ma'am has a seat at

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Speaker 1: the table. More Next, this is Bloomberg. You're listening to

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

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

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Speaker 1: Kevin Cirilli, chief Washington correspondent for Bloomberg Television and Bloomberg Radio.

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Speaker 1: Here's what's driving the agenda the Senate past that replenishment

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Speaker 1: for the Small Business Administration. How it's likely going to

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Speaker 1: pass that on Thursday. So they finally got that done, folks.

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Speaker 1: Now all attention can turn to the fourth round of

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Speaker 1: economic stimulus spending. We're also on standby official standby for

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Speaker 1: President Trump's daily Coronavirus Task Wars briefing. You can listen

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Speaker 1: to that in its entirety right here on Bloomberg one.

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Speaker 1: Here's my story of the day. Did you see this

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Speaker 1: on The Hill dot com? The Hill dot Com. Netflix

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Speaker 1: sets quarterly record, gaining nearly sixteen million subscribers amid the

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Speaker 1: Corona virus. Netflix sets a record. Everybody's streaming Netflix, not

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Speaker 1: keV I watched Tiger King, but that's about it. Joining

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Speaker 1: us on the line, I guarantee you he watched Tiger King.

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Speaker 1: Doug Hi, everybody, Doug Hi, good friend of the program,

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Speaker 1: Senior vice president of Media at Kraft Media and uh Digital,

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Speaker 1: Craft Media and Digital, and former Deputy Chief of Stature,

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Speaker 1: Former House Majority Leader Eric Canner, Doug, how are you?

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Speaker 1: I'm great, and I hate to start with a disappointment

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Speaker 1: to you, but I have not seen Tiger King, and

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Speaker 1: frankly don't have any plans on every doing, Doug, Doug,

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Speaker 1: dog dog dog dog dog, Come on this terogram and

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Speaker 1: you don't even watch Tiger King? What are we gonna do?

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Speaker 1: What are you watching? After not watching Tiger King? Well,

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Speaker 1: so I've been watching UM, the new season of Killing Eves.

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Speaker 1: I've never heard of this. I've never heard of this. Uh, Sandra, Oh,

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Speaker 1: it's UM espionage, intelligence and assassins in mostly in Europe.

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Speaker 1: Real real light sounds really, it sounds real bre exactly know.

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Speaker 1: I've also been reading books, by the way, I'd let

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Speaker 1: me tell you something I've been reading. I've been writing

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Speaker 1: a lot, full disclosure, I've been writing a lot, but

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Speaker 1: I've been reading even more. Doug, what are they going

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Speaker 1: to talk about for Economic Stimulus Round four? I don't

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Speaker 1: think we know yet UM. And that's because we're going

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Speaker 1: to have to see how round three gets implemented and

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Speaker 1: how it's received. One of the real problems with UM

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Speaker 1: what we've seen so far is a lot of concern

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Speaker 1: that some small businesses did well or chains, shape Check

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Speaker 1: being a prominent example, while places that might have been

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Speaker 1: next door to a shape check didn't get any help.

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Speaker 1: And so, you know, and that's a fascinating argument that

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Speaker 1: that people can have about you know, which is more

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Speaker 1: valuable or less valuable. I would say that the worker

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Speaker 1: at shape check is as valuable or not anymore or

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Speaker 1: less valuable than the person at the restaurant or the

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Speaker 1: hairdresser next door. Um, but how does that get implemented?

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Speaker 1: And then you know, we still need to have the

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Speaker 1: longer conversation of how do we get out of this,

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Speaker 1: not just economically, but get to where we can start

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Speaker 1: having some normalcy back in our economy. And I was

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Speaker 1: actually struck Kevin um during the break is as as

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Speaker 1: you know, they were going through news items, They're one

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Speaker 1: of the things they talked about. And I see this

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Speaker 1: every day on my Twitter feed. Is one of the

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Speaker 1: other things I'm reading is Twitter all day turn off

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Speaker 1: the real struggle that that parents are having one because

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Speaker 1: they have to figure out their childcare and they're not

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Speaker 1: going They're not going back to their job until they

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Speaker 1: have a place to put their kids. Um. So that's

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Speaker 1: a very real problem for them. And then which which

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Speaker 1: the news break talked about is you know how families

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Speaker 1: and how students and this is every K through twelve

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Speaker 1: student out there is now doing, um, you know, learning

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Speaker 1: from home. They're they're learning online, and so this is

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Speaker 1: very new to families and and so they're trying to

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Speaker 1: figure out how they can do that. The government is

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Speaker 1: going to have to step in on some level, whether

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Speaker 1: that's federal or local. Probably talked to companies like to

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Speaker 1: you that specialize in online education. But those are just

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Speaker 1: two things that we were we were not talking about

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Speaker 1: six weeks ago and now are really important steps to

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Speaker 1: how we can start to open up this economy that

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Speaker 1: doesn't even touch on liability reform and employer liability, so

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Speaker 1: that people can feel safe to going back in their workplaces,

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Speaker 1: or that companies can feel safe in opening them up

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Speaker 1: without being sued by following government mandates. So it's a lot,

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Speaker 1: I mean, one of the things that I've been really following,

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Speaker 1: and you alluded to this, and I'm glad just about

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Speaker 1: how all the different states are having to do various

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Speaker 1: different openings and structures. But Maryland, a Republican governor, Governor

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Speaker 1: Larry Hogan, the governor of Maryland, has been in this

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Speaker 1: back and forth with President Trump. It's been subtle, but

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Speaker 1: it's been It's it's existed. Why is why it was

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Speaker 1: the President engaging engaging in this with President Trump, and

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Speaker 1: just to catch everyone up to speed, Governor Hogan tweeted

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Speaker 1: last night, like shortly after nine pm Eastern quote, I'm

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Speaker 1: grateful to President Trump for sending us a list of

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Speaker 1: federal labs and generously offering Maryland use of them for

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Speaker 1: COVID nineteen testing. Accessing these federal labs will be critical

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Speaker 1: for utilizing five hundred thousand tests we have acquired from

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Speaker 1: South Korea. But it's been I don't want to say

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Speaker 1: it's been tense, but there's definitely been some back and

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Speaker 1: forth between President Trump and Governor Hogan. Why well, I

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Speaker 1: think mostly it's been one side where you've you've seen

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Speaker 1: criticism coming from the President, not as much Larry Hogan.

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Speaker 1: I think there's potentially been. There's been a lot of

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Speaker 1: good governors out there, but up closed watching Larry Hogan.

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Speaker 1: He has done a magnificent job, not just in handling

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Speaker 1: this crisis, but in handling the communications of it. We

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Speaker 1: see him on TV quite often here in Washington, not

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Speaker 1: just on the national channels that people see, but also

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Speaker 1: on local news, and he's very calm, he's consistent, he's

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Speaker 1: clear with what he says, um so he's projecting a

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Speaker 1: very important message um to to his voters, but also

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Speaker 1: in the region, because if you live in Washington, d C.

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Speaker 1: Like you and I do, Maryland is two miles away

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Speaker 1: from me, and Virginia's two miles in the other direction.

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Speaker 1: I've been I've been impressed for how Mayor Bowser and

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Speaker 1: Governor Hogan to different parties, two very different types of

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Speaker 1: political ideologies, but how they've been working together and to

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Speaker 1: some extent with Governor north Governor Northam as well. But this,

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Speaker 1: but this issue of Larry Hogan and President Trump. Governor

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Speaker 1: Hogan was on the View today and he criticized or

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Speaker 1: he called President Trump's hall saying immigration quote a distraction

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Speaker 1: from what's really going on. We have some terrific people

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Speaker 1: from all around the world that are working in our

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Speaker 1: hospitals and our health care system that are saving people's lives.

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Speaker 1: This is what Governor Hogan said on the View. I mean,

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Speaker 1: he's a Republican. He's going on the View into the

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Speaker 1: Republican lions then, so to speak. And he's and he's talking,

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Speaker 1: he's criticizing President Trump's immigration plan. What what's the what's

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Speaker 1: the political calculation here that he didn't have to weigh

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Speaker 1: in on immigration. Why is he doing it? Well? I one,

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Speaker 1: he's an independent minded UM governor. He's you know, he

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Speaker 1: certainly isn't beholden everything that the Trump administration has said

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Speaker 1: or done. Maryland's a different states than a lot of

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Speaker 1: the states that UM. You know, President Trump carried very easily,

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Speaker 1: and he didn't carry Maryland. In fact, he lost it,

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Speaker 1: you know, rather badly. Having worked in Maryland, I can

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Speaker 1: tell you it's very, very tough for Republican UH to

430
00:23:50,119 --> 00:23:52,320
Speaker 1: win in that state. UM. But but if you look

431
00:23:52,359 --> 00:23:54,359
Speaker 1: at what he said, he said it was a distraction.

432
00:23:54,720 --> 00:23:57,439
Speaker 1: You know, he didn't go and just land based it

433
00:23:57,560 --> 00:24:00,840
Speaker 1: and and really go after the president to distraction from

434
00:24:00,840 --> 00:24:03,160
Speaker 1: what's really going on out there. Okay, so let's move

435
00:24:03,200 --> 00:24:05,840
Speaker 1: to the next next topic again. You know, it's where

436
00:24:05,880 --> 00:24:09,840
Speaker 1: he's been a calm and reassuring voice that that has

437
00:24:09,920 --> 00:24:12,960
Speaker 1: really benefited not just him and his standing in Maryland,

438
00:24:12,960 --> 00:24:16,159
Speaker 1: but also really helped his voters and residents of Maryland.

439
00:24:16,520 --> 00:24:20,000
Speaker 1: It's just fascinating because all of this started yesterday at

440
00:24:20,000 --> 00:24:23,359
Speaker 1: the daily Coronavirus Task Force briefing, and my ears perked up.

441
00:24:23,400 --> 00:24:25,720
Speaker 1: I said this to At baxter On on Bloomberg Radio.

442
00:24:25,760 --> 00:24:28,679
Speaker 1: Who's on later on, uh one of our colleagues here

443
00:24:28,760 --> 00:24:30,879
Speaker 1: later on in the evening, I mean my ears perked up,

444
00:24:30,880 --> 00:24:33,480
Speaker 1: and I almost had I had to like rewind the

445
00:24:33,480 --> 00:24:36,840
Speaker 1: tape almost because President Trump said yesterday the governor from

446
00:24:36,840 --> 00:24:40,280
Speaker 1: Maryland didn't really understand the list, and he said this unprompted.

447
00:24:40,480 --> 00:24:43,440
Speaker 1: He didn't understand too much the President said about what

448
00:24:43,480 --> 00:24:45,560
Speaker 1: was going on. So now I think he'll be able

449
00:24:45,600 --> 00:24:48,120
Speaker 1: to do that. And he was referring to the list

450
00:24:48,280 --> 00:24:52,160
Speaker 1: of of labs in states, but it was so nuanced

451
00:24:52,440 --> 00:24:55,960
Speaker 1: and it felt almost off the cuff. And then Governor

452
00:24:56,000 --> 00:25:01,399
Speaker 1: Hogan said on MSNBC again setting on msn DC that

453
00:25:01,440 --> 00:25:03,520
Speaker 1: he had a great conversation with President Trump and he

454
00:25:03,600 --> 00:25:07,280
Speaker 1: had quote no idea why the President would make the

455
00:25:07,320 --> 00:25:11,080
Speaker 1: remarks that he did. It just it's it just feels

456
00:25:11,440 --> 00:25:16,320
Speaker 1: a little peculiar. Well, yes, I would say for for

457
00:25:16,359 --> 00:25:18,920
Speaker 1: Governor Hogan is very it's very smart to not take

458
00:25:19,000 --> 00:25:23,360
Speaker 1: the bait if if he takes the president, because he's

459
00:25:23,400 --> 00:25:25,320
Speaker 1: taking the bait. He's going on the view, he's going

460
00:25:25,320 --> 00:25:29,640
Speaker 1: on MSNBC. Why is he doing that. He's going, he's

461
00:25:29,680 --> 00:25:31,639
Speaker 1: going where his voters are, and you know so often

462
00:25:31,680 --> 00:25:33,159
Speaker 1: and you know I've dealt with this a lot in

463
00:25:33,600 --> 00:25:37,800
Speaker 1: you know, in politics, we think Rachel Maddow left, Sean

464
00:25:37,880 --> 00:25:40,680
Speaker 1: Hannity right, and that's it. And and the reality is

465
00:25:40,720 --> 00:25:42,919
Speaker 1: having gone on both of those shows, you know, I

466
00:25:42,960 --> 00:25:45,920
Speaker 1: didn't necessarily care so much about you know, Rachel or Shawn,

467
00:25:46,040 --> 00:25:49,480
Speaker 1: both of whom I know and are nice and generous,

468
00:25:49,480 --> 00:25:52,080
Speaker 1: have been generous people to me. I care about their audience.

469
00:25:52,400 --> 00:25:54,679
Speaker 1: And so if you're going on MSNBC, you know that

470
00:25:54,840 --> 00:25:58,240
Speaker 1: is a state that Republicans never win. Larry Hogan's and

471
00:25:58,320 --> 00:26:01,399
Speaker 1: aberration in that regard hadn't had a Republican win. And

472
00:26:01,520 --> 00:26:05,879
Speaker 1: governor the governorship in Maryland's is two thousand and two. Um,

473
00:26:05,920 --> 00:26:07,840
Speaker 1: so he has to go to where Democrats are because

474
00:26:07,880 --> 00:26:11,200
Speaker 1: Maryland's a democratic state. He's going to other places as well.

475
00:26:11,480 --> 00:26:13,679
Speaker 1: But he wants to make sure that his vote received them.

476
00:26:13,680 --> 00:26:16,680
Speaker 1: If he only says I'm a Republican, therefore I can

477
00:26:16,720 --> 00:26:19,080
Speaker 1: only go on Fox News, He's not going to reach

478
00:26:19,119 --> 00:26:21,320
Speaker 1: his voters. Now, you know, I told that's a great point.

479
00:26:21,359 --> 00:26:23,119
Speaker 1: I learned something new when I listened to Doug High.

480
00:26:23,200 --> 00:26:26,000
Speaker 1: Doug's a Republican insider. Uh And and I also think

481
00:26:26,000 --> 00:26:29,320
Speaker 1: Governor Hogan's really making a play for that independent lane.

482
00:26:29,840 --> 00:26:32,919
Speaker 1: That feels like it's open that that that you know,

483
00:26:33,000 --> 00:26:36,600
Speaker 1: that gubernatorial lane. Uh Mitt Romney tried to get it,

484
00:26:36,680 --> 00:26:39,200
Speaker 1: Jeff Lake tried to get it. But but it's it's

485
00:26:39,240 --> 00:26:41,480
Speaker 1: there for the taking, and it feels like Governor Hogan

486
00:26:41,920 --> 00:26:45,880
Speaker 1: almost is really jockeying for that. It's been fascinating, quite frankly,

487
00:26:46,200 --> 00:26:50,560
Speaker 1: to watch the ascent politically, speaking of the Maryland governor

488
00:26:50,720 --> 00:26:54,199
Speaker 1: from to a national level. Only a handful of governors

489
00:26:54,240 --> 00:26:57,639
Speaker 1: have been able to do that. Cuomo Newso uh and

490
00:26:57,640 --> 00:27:00,320
Speaker 1: and uh and Hogan. If you're just joining us, we've

491
00:27:00,320 --> 00:27:03,440
Speaker 1: gotten the two minute warning from President Trump's daily Coronavirus

492
00:27:03,680 --> 00:27:06,600
Speaker 1: Task Force briefing. I'm Kevin Cirelli, Chief Washington correspondent fro

493
00:27:06,600 --> 00:27:10,400
Speaker 1: Bloomberg TV and Radio. You we're gonna throw that live

494
00:27:10,560 --> 00:27:13,159
Speaker 1: once the President gets behind the podium, uh and you

495
00:27:13,160 --> 00:27:16,160
Speaker 1: can listen to it live right here on Bloomberg one.

496
00:27:16,200 --> 00:27:18,560
Speaker 1: Maybe maybe he'll have more to say about the governor.

497
00:27:18,800 --> 00:27:21,359
Speaker 1: For all we know, we'll find out. But let me

498
00:27:21,400 --> 00:27:23,440
Speaker 1: ask you quickly, Doug, in the time that we have left,

499
00:27:23,440 --> 00:27:25,639
Speaker 1: and if I do interrupt you, I promise it's because

500
00:27:25,840 --> 00:27:29,120
Speaker 1: I'm gonna toss to the press conference. Um, but this

501
00:27:29,160 --> 00:27:30,919
Speaker 1: issue of what's been going on in the oil markets.

502
00:27:30,960 --> 00:27:34,280
Speaker 1: I spoke with Senator Kevin Kramer, Republican from North Dakota

503
00:27:34,359 --> 00:27:41,679
Speaker 1: earlier today, and UM, it's it's really been fascinating to

504
00:27:41,840 --> 00:27:45,879
Speaker 1: see what's going on, not just domestically with the COVID

505
00:27:46,000 --> 00:27:49,600
Speaker 1: nineteen fallout, but internationally with the saud East with Russia.

506
00:27:49,960 --> 00:27:54,159
Speaker 1: Senator Kramer was very critical of of Saudi Arabia in particular,

507
00:27:54,440 --> 00:27:57,480
Speaker 1: and the Trump administration, reading from the Bloomberg Terminal, vow

508
00:27:57,600 --> 00:28:01,080
Speaker 1: to stem job losses and rescue the oil industry with

509
00:28:01,200 --> 00:28:04,880
Speaker 1: stimulus funds and other measures as the United States responds

510
00:28:04,920 --> 00:28:07,560
Speaker 1: to a global glut in crewede that's led to a

511
00:28:07,640 --> 00:28:11,760
Speaker 1: historic route in prices. Den VERLETTI told my colleague David

512
00:28:11,800 --> 00:28:14,520
Speaker 1: Weston that they're taking very aggressive but appropriate steps to

513
00:28:14,560 --> 00:28:17,679
Speaker 1: help the industry. The administration was working to ensure that

514
00:28:17,760 --> 00:28:22,400
Speaker 1: oil and gas companies can access lending programs by creating

515
00:28:22,400 --> 00:28:27,320
Speaker 1: the two trillion dollar Coronavirus Rescue Plans, so another bailout

516
00:28:27,400 --> 00:28:31,040
Speaker 1: and and and this this feels like it hits all

517
00:28:31,080 --> 00:28:36,280
Speaker 1: of America and has international reverberations as well. Doug. Yeah,

518
00:28:36,320 --> 00:28:39,600
Speaker 1: there's a real dichotomy and how people view oil prices. Typically,

519
00:28:39,640 --> 00:28:42,960
Speaker 1: when oil prices dropped in the public, they see lower

520
00:28:43,000 --> 00:28:46,040
Speaker 1: gas prices and therefore everything is good. What we've seen

521
00:28:46,040 --> 00:28:47,920
Speaker 1: though obviously in the past, you know, in the past

522
00:28:47,920 --> 00:28:50,560
Speaker 1: few weeks, you know, a low gas price may help

523
00:28:50,560 --> 00:28:53,000
Speaker 1: as you're filling up your tank, although nobody's filling up

524
00:28:53,040 --> 00:28:54,800
Speaker 1: their tank right now, which is part of, you know,

525
00:28:54,840 --> 00:28:57,320
Speaker 1: the problem that we're having here. But that also reflects

526
00:28:57,400 --> 00:29:00,160
Speaker 1: very very much on jobs, and so it's a need

527
00:29:00,160 --> 00:29:03,000
Speaker 1: to demonize oil companies. It's a lot harder when you

528
00:29:03,120 --> 00:29:05,320
Speaker 1: talk about the people work at your local gas station,

529
00:29:05,560 --> 00:29:07,280
Speaker 1: and those are people who are really on the front

530
00:29:07,280 --> 00:29:11,760
Speaker 1: lines who get affected by this fascinating, fascinating and so

531
00:29:11,960 --> 00:29:15,320
Speaker 1: the appetite in Congress, I think is there. Would you

532
00:29:15,440 --> 00:29:19,000
Speaker 1: agree with with that that that lawmakers are likely going

533
00:29:19,040 --> 00:29:22,840
Speaker 1: to have to do what they can to They've already

534
00:29:22,880 --> 00:29:27,040
Speaker 1: Alex they've already appropriated more money than the discretionary spending

535
00:29:27,040 --> 00:29:29,200
Speaker 1: of the last two the last two fiscal years,