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Speaker 1: From our nations. How do we reopen this economy? The

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

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

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Speaker 1: Sound On, The Insiders, the Influencers, the insides. We're responding

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

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Speaker 1: We're looking at seventy kennidates for different vactines. How do

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Speaker 1: we make sure a pandemic of this scale never happens again?

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Speaker 1: This is Bloomberg Sound On with Kevin Surrelate on Bloomberg

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

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Speaker 1: Vice President Mike Pence sets a headline the third night

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Speaker 1: of the Republican National Convention. Meanwhile, Hurricane Laura threatens to

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Speaker 1: be the worst storm in a hundred and sixty years.

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Speaker 1: Are continuing with our special coverage of the virtual Republican

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Speaker 1: National Convention, and we welcome to the program now the

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Speaker 1: National Press Secretary for the President's re election campaign, Hogan

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Speaker 1: Gidley Hogan, Welcome back to the program. Thanks for being here.

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Speaker 1: What are we going to hear from Vice President Mike Petts? Well,

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Speaker 1: thanks so much for having me on. Um. You know,

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Speaker 1: I'll tell you. I don't want to get too far

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Speaker 1: ahead of the speech obviously and and ruined the surprise.

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Speaker 1: But the Vice President loves this country and one of

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Speaker 1: the things that we're focused on today are one of

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Speaker 1: our themes is Um. You know, this is the land

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Speaker 1: of heroes, and so I guarantee you the heroes will

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Speaker 1: be on full display tonight, those on the front lines,

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Speaker 1: those of the men and women of law enforcement, also

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Speaker 1: the ones who fight for us and our in our

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Speaker 1: great military. The Vice President is going to talk about

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Speaker 1: his time most likely as the um ahead of the

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Speaker 1: Coronavirus Task Force and all the actions that we did

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Speaker 1: when when no one else was looking. And the other

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Speaker 1: other side, the Democrats are paying attention to that nonsensical

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Speaker 1: impeachment stuff. Um this, This president was focused on making

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Speaker 1: sure the spread uh did not get out of control. Um.

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Speaker 1: You know, he's going to talk about America's great this.

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Speaker 1: That's one major difference between us and the Democrats is

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Speaker 1: they spent four days lying to the American people that

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Speaker 1: America is inherently evil and that were the cause of

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Speaker 1: the world's problems. I just don't think the American people

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Speaker 1: are gonna buy what they're selling. Well, Hogan. You know this,

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Speaker 1: I mean, I call it like I see it in terms,

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Speaker 1: and so much of what we do on on this

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Speaker 1: program especially is focused on the market moving news and

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Speaker 1: small businesses and medium sized businesses and whatnot. And and

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Speaker 1: I'm struck by this because if you if you tune

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Speaker 1: into the Democrat Convention, you would they portrayed the Republican

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Speaker 1: Party as not being in favor of diversity. Uh. And

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Speaker 1: and you know, obviously the Republican Party is is drawn,

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Speaker 1: is making accusations that everyone's a democratic socialists and whatnot.

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Speaker 1: But I'm struck by this. I look at the lineup,

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Speaker 1: whether it's Senator Tim Scott, whether it's Senator Marsha Blackburn

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Speaker 1: or Joni Earns to female senators who will speak tonight,

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Speaker 1: or two millennial UH congressional people like Dan Crenshaw and

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Speaker 1: at least Stephanic, I mean, are you It appears at

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Speaker 1: least that when you look at this line up, that

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Speaker 1: there is an effort on behalf of the convention organizers

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Speaker 1: to say, you know, we do have a wide ranging,

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Speaker 1: UH crop of of lawmakers in our party. Oh absolutely,

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Speaker 1: And and a wide range of supporters across UH party

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Speaker 1: line to long range of supporters across race lines, gender lines,

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Speaker 1: all of those things, because it's a big tent party.

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Speaker 1: I mean, this president came in and uh, you know,

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Speaker 1: enacted policies that made people's lives better regardless of race, color, religion,

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Speaker 1: or creed. And it's important that we remind the American

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Speaker 1: people about that and also counteract all the lies that

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Speaker 1: the Democrats were telling. As I mentioned that America's evil,

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Speaker 1: we have so many people. I mean Max Alvarez was

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Speaker 1: someone that that was so impactful, who who fled communist Cuba,

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Speaker 1: and he got up there and said, listen, I'm listening

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Speaker 1: to the Democrats and I've heard all that rhetoric before.

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Speaker 1: I've heard the promises before. I've heard these policies before.

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Speaker 1: And they came straight from Castro and he said, you know,

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Speaker 1: tears in his eyes. He said, I'm not going there,

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Speaker 1: but we're not gonna have this country go that direction.

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Speaker 1: Herschel Walker, football star African American man knowing the president

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Speaker 1: for thirty seven years, made the comment, hey, if you

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Speaker 1: if you uh, I've I've had a good friendship with him.

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Speaker 1: I've seen racism. I've grown up uh in the Deep South.

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Speaker 1: I know what racism is Donald trump ainate racism? And uh,

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Speaker 1: you know Tim Scott, the senator I know and love

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Speaker 1: from my home state of South Carolina, point out you

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Speaker 1: know this that that that his family, he went from

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Speaker 1: Cotton to Congress in one lifetime. That is an uplifting,

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Speaker 1: unifying message, patriotic in nature. That really sets us apart

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Speaker 1: because these Democrats, man, it's it is a bunch of

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Speaker 1: doom and gloom and a desire to remake this nation

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Speaker 1: into UH something that appears more socialists. And so we

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Speaker 1: totally reject that. And you're gonna see more of those

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Speaker 1: teams this week. So Gidley's on the line. We've got

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Speaker 1: him for two more minutes. He's been very generous with

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Speaker 1: this time for us this afternoon. He's the President's national

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Speaker 1: press secretary. You know, Ogan, yesterday when I spoke to

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Speaker 1: Don Jr. I I got him to get wonky, you know,

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Speaker 1: I said, put on your Wharton cap, talk to me

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Speaker 1: about tax policy, Don, And he was making the case

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Speaker 1: for the UH for the the issue of the payroll

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Speaker 1: tax deduction, which is something that you know, the Wall

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Speaker 1: Street crowd is saying, oh, you know it's right now

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Speaker 1: at this moment in time, it would be difficult to implement,

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Speaker 1: but he made a suburban argument for it. For the

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Speaker 1: individuals who have been fortunate enough to keep their jobs,

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Speaker 1: to keep their jobs in this economic pandemic downturn. Uh.

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Speaker 1: He made the case, you know, why shouldn't they get

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Speaker 1: a few more bucks back in their paychecks? And I

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Speaker 1: was struck by that when I was you know, when

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Speaker 1: I put on the political cap, I'm saying, I'm thinking

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Speaker 1: to myself, that's a message they want to have in

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Speaker 1: those battleground districts. Am I right? Yeah, absolutely. Um. Look,

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Speaker 1: it's important that in this time of coronavirus, to the

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Speaker 1: businesses that did survive are allowed to to stay open

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Speaker 1: and do business, uh, to to keep people employed, to

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Speaker 1: keep this economy going. That's why the president, you know,

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Speaker 1: push for trillions of dollars uh in the P P

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Speaker 1: P loans, etcetera, to to get out directly into the

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Speaker 1: bank accounts of so many hard working Americans that were

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Speaker 1: taken by surprise, uh, you know, from an unforeseen, unprecedented

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Speaker 1: pandemic straight out of China. I mean, those are the

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Speaker 1: things that that we want to make sure our building

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Speaker 1: blocks in place so that when this country does get

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Speaker 1: up in running full speed again that that they their

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Speaker 1: livelies edge weren't completely destroyed by this. And you know,

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Speaker 1: it's just so funny to watch the Democrats get all

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Speaker 1: angry about the payroll tax um cuts when they themselves

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Speaker 1: are saying they were great for the economy and would

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Speaker 1: never hurt social security and all those types of things

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Speaker 1: just a few years ago. It just it's it doesn't

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Speaker 1: matter what Donald Trump's for there against it. It doesn't

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Speaker 1: matter what Donald Trumps against therefore it they just want

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Speaker 1: to be contrary. Uh. And they like chaos in the

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Speaker 1: political sense, but they like chaos on these city streets

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Speaker 1: and other things as well because they can try and

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Speaker 1: blame this president for it. But as I said, the outset,

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Speaker 1: there is no way the American people are looking at this.

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Speaker 1: And you see a president in office trying to use

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Speaker 1: federal assets to calm down city streets to provide safety

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Speaker 1: and security. Uh. And you see another party not even

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Speaker 1: mentioning the rioting and the looting, in the death and

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Speaker 1: destruction and in New Slash. They're all happening in Democrat

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Speaker 1: controlled cities and states, alright, And they didn't say anything

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Speaker 1: about it. The Democrat Convention it's insane. All right, here's

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Speaker 1: what I want you to do. He can get these onlines,

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Speaker 1: the National Press secretary for President Trump. Talk to the

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Speaker 1: independent voter right now, because you know this ogan, you're

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Speaker 1: a political animal, You're a political I get it. But

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Speaker 1: talk to the independent voter who maybe they're they're in

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Speaker 1: their car, they're on their way home from work, and

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Speaker 1: they're thinking. They turn on any cable channel and they think,

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Speaker 1: you know what, both sides. This is a lot of chaos.

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Speaker 1: This is a lot of drama, and they're trying to

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Speaker 1: make sense of it. Talk to that in individual who's

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Speaker 1: voted for Democrats. Maybe they voted for Clinton and they

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Speaker 1: went back to Bush. Talk to the swing voter. I

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Speaker 1: will um. Look, I think this this election comes down

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Speaker 1: to COVID, the the economy, and the culture. And the

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Speaker 1: beauty of this election is you don't have to guess

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Speaker 1: what these two men would do. You've seen it, so

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Speaker 1: you don't have to guess how the economy would look

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Speaker 1: under Joe Biden. We saw the press wages, we saw

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Speaker 1: sixties thousand of manufacturing plants close. We saw three and

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Speaker 1: a half million jobs leave hard working Americans to go

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Speaker 1: straight to China. We saw that. You don't have to

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Speaker 1: guess how it would look under under UM. Under Donald Trump,

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Speaker 1: more jobs and there were people to fill them. African American,

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Speaker 1: Asian American, Hispanic American women employed in record numbers, massive

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Speaker 1: increases in the stock market for our four oh one ks,

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Speaker 1: our i ras, and our retirement accounts. I mean, that's

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Speaker 1: the success of this president. You don't have to guess

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Speaker 1: how the culture would look. We've seen all of this

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Speaker 1: destruction in our city streets. Joe Biden all, he's offered

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Speaker 1: not one single solution. He's been office fifty years. His convention,

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Speaker 1: they didn't say a word about this. They didn't offer

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Speaker 1: a policy proposal or anything that he's been able to

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Speaker 1: accomplish in his half century and elected office. He's let

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Speaker 1: our streets burn. And he'll just say, as a solution

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Speaker 1: to defund the police. This president wants safety insecurity. He's

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Speaker 1: sent in federal assets to make sure your families, your

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Speaker 1: communities are safe. He'll do that again. And it relates

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Speaker 1: to the coronavirus. I have to tell you, this president

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Speaker 1: took early, aggressive, decisive action to shut down flights from

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Speaker 1: China and Europe. Everyone mocked him for it. Joe Biden

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Speaker 1: said it was the wrong decision. Dr Burke's Dr Fauci,

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Speaker 1: Dr Hahn All said that decision save lives. He's taken

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Speaker 1: leadership while they were focused on impeachment back in in March.

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Speaker 1: He is the one who has protected our families. Will

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Speaker 1: do it again. Holden Geddley, thank you for being so generous.

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Speaker 1: At the time, he's the President's National Press secretary. More Next,

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Speaker 1: Kevin s really, this is Woomberg nine and N one.

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Speaker 1: You're listening to Bloomberg Sound On with Kevin Curreley on

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

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Speaker 1: D two. I'm Kevin Cirelli, Chief Washington correspondent from Bloomberg

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Speaker 1: Television and from Bloomberg Radio. Before I wanted to be

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Speaker 1: a journalist, I wanted to be a meteorologist. And that's

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Speaker 1: why I am incredibly I'm not a meteorologist, but I'm

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Speaker 1: incredibly grateful to have a meteorologist, a Bloomberg meteorologist, to

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Speaker 1: join us on the line to track what is could

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Speaker 1: be the worst storm in a hundred and sixty years. Wow,

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Speaker 1: Hurricane Laura is threatening to be the worst storm in

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Speaker 1: a hundred and sixty years. To category four storm that's

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Speaker 1: threatening the Golf coast. Rob Caroline's on the line. Rob,

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Speaker 1: I mean, I'm looking at the meteorology report and I'm

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Speaker 1: just it's it's you know, there's so many horrific angles

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Speaker 1: here like her acane evacuation that could spread the coronavirus.

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Speaker 1: I mean, what do we know. I just tell us

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Speaker 1: everything you know on on the storm. Well, it's it's

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Speaker 1: a potent hurricane, and it's getting stronger. It's probably gonna

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Speaker 1: pick up a little bit more intensively before it makes landfall. Kevin, Yes,

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Speaker 1: you're right. It's the strongest storm for that area in

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Speaker 1: a hundred and sixty years. I mean, we've had more

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Speaker 1: powerful hurricanes make landfall in the continental United States. Uh.

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Speaker 1: The really bad one was the Labor Labor Day Hurricane

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Speaker 1: in the nineteen thirties down to the Florida Keys that

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Speaker 1: had sustained winds of a hundred and eighty five miles

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Speaker 1: an hour. Right now, with a Laura, the sustained winds

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Speaker 1: or a hundred and forty miles now it makes forty

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Speaker 1: miles per hour sustained winds. That's right. But we've actually

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Speaker 1: had stronger hurricanes than that. Michael which went inland over

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Speaker 1: the Florida Panhandle last fall, actually had higher winds at

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Speaker 1: landfall it was about a hundred and sixty miles an hour.

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Speaker 1: So there have been stronger storms on the Gulf coast,

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Speaker 1: but for this area right along the Louisiana Texas border,

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Speaker 1: they're looking at the strongest uh you know, potential hurricane

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Speaker 1: to make landfall there. It's gonna make landfall very close

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Speaker 1: to the Port Arthur area. The last Air Force reconnaissance

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Speaker 1: mission found the central pressure had fallen another couple of

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Speaker 1: middle bars. It's down the nine hundred and forty seven

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Speaker 1: mill of bars. The winds that they're seeing in the

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Speaker 1: storm right now are generally coming in about a hundred

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Speaker 1: and forty miles now with gus to a hundred and

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Speaker 1: fifty five miles an hour. The outer rain dance have

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Speaker 1: started to lash the coast of Louisiana and UH Texas,

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Speaker 1: and we've seen rain actually in some strong thunderstorms. Even

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Speaker 1: if you tornado warnings from Baton Rouge all the way

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Speaker 1: towards Jasper, Texas. So it's covering a pretty big area territory.

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Speaker 1: It's a large hurricane. The hurricane force winds extend seventy

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Speaker 1: miles out from the center of circulation. UH tropical storm

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Speaker 1: force winds now are out a hundred and seventy five

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Speaker 1: miles from the center circulation. I've been looking at some

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Speaker 1: of the observations here from some of the buoy's offshore

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Speaker 1: as well as some of the oil platforms, and they're

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Speaker 1: seeing some gusts just south of Vermillion Bay, Louisiana on

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Speaker 1: the oil platforms to about the sixty sixty five miles

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Speaker 1: an hour. So it's gonna be a long night for

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Speaker 1: the folks living in Port Arthur Beaumont, Texas. Even as

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Speaker 1: far east as Lake Charles, they're probably going to see

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Speaker 1: damaging winds. The system is going to go inland somewhere

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Speaker 1: between us A eight nine pm Central daylight time and

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Speaker 1: one am. It'll work its way up the Red River

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Speaker 1: Valley and then turn across northwestern Louisiana tomorrow morning. So

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Speaker 1: the problem with it being so strong going inland is

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Speaker 1: it'll weaken rapidly. But it's such a potent hurricane that

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Speaker 1: there's going to be lots of wind damage well inland

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Speaker 1: with this storm in eastern Texas and western Louisiana. Maybe

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Speaker 1: to see wind damage is far north has southern Arkansas.

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Speaker 1: The other issue with this system, and we've already seen it,

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Speaker 1: because the system is rotating so rapidly. When you get

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Speaker 1: a landfalling hurricane, the wind slows as it moves from

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Speaker 1: the ocean to the land, and that imparts turning motion.

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Speaker 1: So these storms are notorious for spawning numerous tornadoes as

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Speaker 1: they go inland. So that hier region there in northeastern Texas,

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Speaker 1: southwestern Louisiana, and then further north. As the night goes on,

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Speaker 1: we'll go under tornado watches. We've already seen numerous tornado

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Speaker 1: warnings across southern Louisiana and in eastern Texas. The other

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Speaker 1: huge problem with this is it's going to have an

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Speaker 1: incredible storm searge. Those portions of Texas and Louisiana they're

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Speaker 1: gonna be affected are very low in regards to sea level.

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Speaker 1: It's not like you know, the mid Atlantic state to

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Speaker 1: the northeast, where rapidly in elevation away from the coast,

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Speaker 1: which areas that or twenty five foot storm starge could

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Speaker 1: actually penetrate some of these areas and robbed Rob Rob

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Speaker 1: Carolin's on the line is a bloomberg. Meteorologists I mean,

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Speaker 1: he's just the person at Bloomberg for for tracking all

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Speaker 1: of these stories. I mean, I look at this and

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Speaker 1: you mentioned Beaumont, Texas. I mean, for Hurricane Laura to

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Speaker 1: whack into some of these towns, I've been to Beaumont,

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Speaker 1: I covered the Canada, Donald Trump speaking in Beaumont, I mean,

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Speaker 1: if you've ever read the Friday Night Lights, that's what

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Speaker 1: we're talking about, Okay. I mean these towns are suffering

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Speaker 1: already as it is because of the downturn uh in

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Speaker 1: in the and and what's going on with the with

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Speaker 1: the economic depression as a result of the coronavirus. I

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Speaker 1: just the twenty five it's hard to comprehend these numbers.

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Speaker 1: Twenty five billion dollars is the cost of damage that

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Speaker 1: we're that we're estimating as a result of her of

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Speaker 1: the Hurricane Laura whacking into the Gulf. Five billion dollars

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Speaker 1: alone in oil refineries. I mean, you think of what

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Speaker 1: people have been through in just the past couple of months.

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Speaker 1: And if this doesn't put pressure on Washington, d C.

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Speaker 1: To get some fiscal stimulus, then I don't know if

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Speaker 1: it might take a hurricane Rob Caroline. I know you're

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Speaker 1: out of your reels now. But but to get some

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Speaker 1: some fiscal stimulus over the finish line. But I'm looking

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Speaker 1: at this radar and then there's another I see another

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Speaker 1: tropical storm. So is Marco tropical Storm Marco? Is that

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Speaker 1: going to have an impact in this area. No, not

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Speaker 1: at all, because earlier was torn apart by some strong

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Speaker 1: upper level wind, So it's no longer in the picture,

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Speaker 1: which is good news. But you're correct that area is

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Speaker 1: heavily industrialized, uh, you know, with oil refineries and storage areas,

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Speaker 1: and there's gonna be some very significant damage. You're dealing

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Speaker 1: with a storm that right now has the strength that

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Speaker 1: Hurricane Hugo had in nineteen eighty nine when it went

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Speaker 1: inland across eastern South Carolina. And you know, think back

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Speaker 1: to nine nine when that storm occurred. They had damage

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Speaker 1: as far inland from that storm as the Charlotte area.

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Speaker 1: So we're talking about a storm that not only is

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Speaker 1: going to cause significant storm surge, significant wind damage, but

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Speaker 1: then it's taking all of this tropical moisture out of

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Speaker 1: the Gulf and it will eventually drive it up over

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Speaker 1: higher terrain in the Tennessee River Valley on the southern

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Speaker 1: Ohio River Valley, and we're probably gonna see, you know,

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Speaker 1: along the tath of the storm anywhere from four to

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Speaker 1: eight inches of rain than three to six inches of

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Speaker 1: rain and aas that have elevation, So there's gonna be

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Speaker 1: a lot of inland fresh water flooding with this system

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Speaker 1: as it then makes its way through the Tennessee River

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Speaker 1: Valley and eventually pass the south of the district and

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Speaker 1: Voltimore on Saturday morning. And it's actually going to enhance

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Speaker 1: some of the rainfall which we're going to see with

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Speaker 1: low pressure passing to our north early in the weekend.

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Speaker 1: And Rob, we have we got like a minute and

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Speaker 1: a half left. But but you know, yeah, I gotta

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Speaker 1: ask you. The evacuation people are being advised if you

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Speaker 1: live in this area, get out, get out of the area,

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Speaker 1: evacuateing and and and but you layer on the concerns

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Speaker 1: about the pandemic. That's like a it's a one to

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Speaker 1: punch exactly, and it limits the number of people that

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Speaker 1: they can hit, uh, you know, putting shelters and the

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Speaker 1: other issue, Kevin, is it's only August. The peak of

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Speaker 1: hurricane season does not incur until September eleven, So there's

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Speaker 1: a you know a high likelihood that this is the

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Speaker 1: first of maybe two or three more major hurricanes that

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Speaker 1: we're gonna be dealing with somewhere along the continental US coastline.

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Speaker 1: It's it's really really remarkable. And I actually on the

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Speaker 1: Bloomberg terminal. This hurricane season is expected to be the

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Speaker 1: worst since Hurricane Katrina. Quickly, what do we know about that? Well, yes,

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Speaker 1: about normal season. Because we have a developing Manini in

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Speaker 1: the Pacific, water, temperatures in the Atlantic are warm. We

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Speaker 1: think there's gonna be you know, a high number storm

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Speaker 1: to this season, and we're just in the middle of

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Speaker 1: things right now. It's it's really remarkable and and and

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Speaker 1: I'm so grateful Rob that you that you were able

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Speaker 1: to spend some time on your afternoon. I know you've

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Speaker 1: been working around the clock on this story. Rob Caroline,

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Speaker 1: he's a Bloomberg meteorologist. I hear he's a Miami Dolphins fan.

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Speaker 1: But I mean, what do I know that would be correct? Rob, leave,

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Speaker 1: Come on, this is an eagle show. I don't care

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Speaker 1: for base in Washington. Go back to the early seventies

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Speaker 1: with the fish, I go back, I go back generations

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Speaker 1: with Dalko. Rob Carolin Bloomberg meteorologist. Thank you so much

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Speaker 1: for for calling in and uh back when again I

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Speaker 1: said I wanted to be a meteorologist. My mother fourth grade,

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Speaker 1: she plucked me out of class and she said, get

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Speaker 1: in the car. Al Roker is signing books in Philly

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Speaker 1: and in the City of Brotherly Love. Like out to

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Speaker 1: meet him and find out what was going on in

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Speaker 1: his neck of the woods. Download the Bloomberg Sound On

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Speaker 1: podcast on Apple iTunes, a Bloomberg dot Com, or by

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00:19:06,800 --> 00:19:09,320
Speaker 1: downloading the Bloomberg Business App. You can also find me

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Speaker 1: on radio dot Com, I Heart Radio, and Spotify. My

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Speaker 1: name is Kevin Surreally. I'm the chief Washington correspondent for

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Speaker 1: Bloomberg TV and Bloomberg Radio, and you're listening to Bloomberger

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Speaker 1: Rounded on One Live from Our Nation's how do we

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Speaker 1: Reopen this economy? The latest on how this pandemic is

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00:19:42,240 --> 00:19:45,359
Speaker 1: impacting farmers? What does this do for the United States

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

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Speaker 1: the insides. We're responding to this crisis and manufacturers are

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Speaker 1: stepping up like never before. We're looking at seveny Kennedys

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Speaker 1: for different vaccines. How do we make sure at pandemic

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Speaker 1: of this scale never happens again. This is Bloomberg Sound

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Speaker 1: On with Ken on Bloomberg two. Hurricane Laura could be

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Speaker 1: the worst storm to wreak havoc on the Gulf in

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Speaker 1: a hundred and sixty years. Wow. The economic fallout will

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Speaker 1: dive into what specifically is going to happen over the

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Speaker 1: next couple of days and the impact that it could

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Speaker 1: have in prompting additional fiscal stimulus. We check in with

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Speaker 1: the White House on the economy. We have full full

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Speaker 1: analysis on the impacts the economic impacts of category for

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Speaker 1: Hurricane Laura, freaking havoc on the Gulf, on the Gulf coast,

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Speaker 1: and we'll bring you that latest as well as a

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Speaker 1: preview of the convention. But we have to start talking

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Speaker 1: about the economy, and that's why I'm grateful to Welcome

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Speaker 1: to the program, Brian Morgenstern. He is a Special Assistant

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Speaker 1: to the President. He is the White House Deputy Press

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Speaker 1: Secretary and the deputy Communication to Actor. Brian, Welcome to

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Speaker 1: the program. Hey, Kevin, thanks for having me on. I'm

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Speaker 1: glad to be here, you know, Brian, I'm looking at

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Speaker 1: this hurricane about to pummel the golf coast, and I'm

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Speaker 1: thinking to myself, maybe this is going to be what

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Speaker 1: it takes to get some fiscal stimulus across the finish line.

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Speaker 1: Where are we, Brian, in terms of actually getting a

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Speaker 1: deal done for fiscal stimulus. Well, as you know, Kevin,

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Speaker 1: the president's acted on his own because Congress was unwilling

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Speaker 1: to um with his four executive actions. But the administration

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Speaker 1: remains ready, able, willing to negotiate with Congress. We have

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Speaker 1: put forth a number of offers, including a smaller package

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Speaker 1: just on items where there's mutual agreement, including things like

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Speaker 1: small business support, things like economic impact payments, unemployment insurance support, UH,

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Speaker 1: money for getting kids back in schools, things that really

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Speaker 1: everyone can agree upon. With the Democrats to seem interested

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Speaker 1: in a deal, I think they've made the calculation that

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Speaker 1: a deal to support the economy would not help them politically,

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Speaker 1: and that seems to be their priority. It's it's really

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Speaker 1: unfortunate because the administration is ready to provide support for

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Speaker 1: people who need it to get to the other side

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Speaker 1: of this pandemic as it relates to the hurricane. Of course,

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Speaker 1: um we are closely monitoring it. The President is closely

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Speaker 1: monitoring it is has been briefed on it, and we

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Speaker 1: have UH female personnel on the ground. Are are the

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Speaker 1: federal government is in close communication with state and local

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Speaker 1: officials who want to make sure that there is whatever

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Speaker 1: support is needed will be there expeditiously. And of course

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Speaker 1: for those folks who may be in the path of

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Speaker 1: the storm who have evacuation orders, we want you to

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Speaker 1: listen to those, pay attention to those, UH follow those.

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Speaker 1: The state and local officials who are issuing those are

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Speaker 1: doing so with the best information they have and of

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Speaker 1: course the best intentions at heart, and so we want

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Speaker 1: to keep people out of harm's way as much as possible.

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Speaker 1: You know, Brian, I think for a broader standpoint, especially

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Speaker 1: as it relates to to so many independent voters. And

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Speaker 1: I spoke about this briefly yesterday with Don jr Uh

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Speaker 1: and he really made the pitch for the suburban vote,

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Speaker 1: pitch on on the payroll tax cut. But it's something

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Speaker 1: that you know, this the the economic crowd is saying

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Speaker 1: it can't be done right now. There's too much confusion

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Speaker 1: right now. But it's a message that the Republican Party

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Speaker 1: is continuing to push forward on for the folks who

428
00:23:27,320 --> 00:23:30,080
Speaker 1: have been fortunate enough to keep their jobs, the folks

429
00:23:30,119 --> 00:23:32,880
Speaker 1: who have been able to ride out, uh, the this

430
00:23:33,000 --> 00:23:37,159
Speaker 1: horrific economic pandemic downturn, and they're thinking to themselves, well,

431
00:23:37,160 --> 00:23:40,080
Speaker 1: you know, shouldn't I get to see uh some some

432
00:23:40,119 --> 00:23:43,119
Speaker 1: tax relief. So are you confident that even if it

433
00:23:43,200 --> 00:23:45,840
Speaker 1: doesn't get done in the next round of stimulus, that

434
00:23:45,920 --> 00:23:49,320
Speaker 1: this is now gonna be Republican orthodoxy and something that's

435
00:23:49,320 --> 00:23:52,080
Speaker 1: going to be pushed for in uh, in the in

436
00:23:52,640 --> 00:23:56,440
Speaker 1: and beyond election day or in the second term. Well,

437
00:23:56,480 --> 00:23:58,840
Speaker 1: it's very important to the president for a very simple

438
00:23:58,880 --> 00:24:01,280
Speaker 1: reason that it makes people roll cheaper to keep on

439
00:24:01,320 --> 00:24:04,600
Speaker 1: the payroll, it makes it cheaper to hire people. UH,

440
00:24:04,640 --> 00:24:08,280
Speaker 1: and it gives hard working Americans a tax It puts

441
00:24:08,359 --> 00:24:11,680
Speaker 1: more money in their pocket. The Great Larry Cudlow talks

442
00:24:11,720 --> 00:24:15,199
Speaker 1: about the economic impacts of this routinely. UM. And the

443
00:24:15,200 --> 00:24:18,720
Speaker 1: fact is the Cares Act Um, you know, Congress on

444
00:24:18,800 --> 00:24:24,520
Speaker 1: an overwhelmingly bipartisan basis, recognized the importance of this, and

445
00:24:24,560 --> 00:24:27,800
Speaker 1: they did a payroll tax holiday on the employer side.

446
00:24:28,040 --> 00:24:30,879
Speaker 1: What the President is doing now is providing relief on

447
00:24:30,920 --> 00:24:34,000
Speaker 1: the employee side, UH to make sure that the workers

448
00:24:34,240 --> 00:24:38,040
Speaker 1: are getting, uh that that sort of relief. So it's

449
00:24:38,080 --> 00:24:41,879
Speaker 1: an important issue, and it certainly comports generally speaking with

450
00:24:41,920 --> 00:24:44,880
Speaker 1: the Republicans position that we want to make it easier,

451
00:24:45,119 --> 00:24:47,600
Speaker 1: cheaper to hire people, to keep them on the payrolls,

452
00:24:47,640 --> 00:24:49,360
Speaker 1: and we want to put more money in the pockets

453
00:24:49,359 --> 00:24:53,600
Speaker 1: of hardworking people. That's really one of the tenants at

454
00:24:53,640 --> 00:24:56,040
Speaker 1: the heart of President Trump's economic plan. And I don't

455
00:24:56,040 --> 00:24:59,440
Speaker 1: think that's, uh, that's going to change anytime soon in

456
00:24:59,560 --> 00:25:02,639
Speaker 1: terms of what else is at the President's disposal and

457
00:25:02,800 --> 00:25:05,840
Speaker 1: and uh Mark Meadows said this to Axios earlier today

458
00:25:05,880 --> 00:25:09,520
Speaker 1: about potential additional executive orders coming. You know, you look

459
00:25:09,520 --> 00:25:13,520
Speaker 1: at these horrific headlines coming with regards to the airline industry,

460
00:25:13,520 --> 00:25:17,400
Speaker 1: for example, nineteen thousand jobs. American Airline says that they

461
00:25:17,440 --> 00:25:20,800
Speaker 1: have to maybe furlough or worst layoff by the end

462
00:25:20,840 --> 00:25:23,000
Speaker 1: of the year just because the travel industry has been

463
00:25:23,040 --> 00:25:26,719
Speaker 1: pummeled by the by the pandemic. Do you are we

464
00:25:26,840 --> 00:25:30,200
Speaker 1: if if Congress doesn't act, are we going to see

465
00:25:30,280 --> 00:25:34,240
Speaker 1: more in the immediate short term coming from the executive branch?

466
00:25:34,520 --> 00:25:38,040
Speaker 1: Brian Morgenstern, who is the Special assistant to President Trump,

467
00:25:38,119 --> 00:25:42,840
Speaker 1: are we gonna see more in the short term executive action. UH.

468
00:25:43,119 --> 00:25:48,000
Speaker 1: Coming Well, I think the Chief Mr. Meadows addressed that

469
00:25:48,000 --> 00:25:50,399
Speaker 1: that that that we're looking at it, and it's for

470
00:25:50,440 --> 00:25:54,040
Speaker 1: an important reason. It's it's in particular, the airline industry

471
00:25:54,080 --> 00:25:58,720
Speaker 1: has has uh not only a lot of employees, which

472
00:25:58,760 --> 00:26:02,600
Speaker 1: it certainly does, it's also a very strategically important industry

473
00:26:02,600 --> 00:26:05,960
Speaker 1: to our country, UH and to the the way we

474
00:26:06,359 --> 00:26:09,720
Speaker 1: interact with the world and the way we conduct commerce.

475
00:26:09,760 --> 00:26:13,520
Speaker 1: And so it's it's a very serious issue that obviously

476
00:26:13,560 --> 00:26:16,760
Speaker 1: Congress also recognized in the Cares Act, and that's why

477
00:26:16,800 --> 00:26:21,760
Speaker 1: they they instituted, uh the Airline Payroll Support Program and

478
00:26:21,800 --> 00:26:25,639
Speaker 1: the loan program as well that Treasuries administring because of

479
00:26:25,680 --> 00:26:28,800
Speaker 1: the importance of this industry. So UM, as long as

480
00:26:28,840 --> 00:26:31,800
Speaker 1: Congress is unwilling to act, the administration and the President

481
00:26:32,000 --> 00:26:35,440
Speaker 1: are going to continue to pursue solutions to these really

482
00:26:35,480 --> 00:26:38,040
Speaker 1: really critical problems. And just final question for you on

483
00:26:38,080 --> 00:26:42,760
Speaker 1: Middle East policy, UH, Jared Kushner, national Security Advisor of

484
00:26:42,840 --> 00:26:44,919
Speaker 1: Brian They're going to be on the first flight, this

485
00:26:45,000 --> 00:26:48,360
Speaker 1: is remarkable, the first flight ever next week that's going

486
00:26:48,440 --> 00:26:51,440
Speaker 1: to fly from Israel to the UAE as a part

487
00:26:51,440 --> 00:26:53,919
Speaker 1: of the normalizing of the relations. I mean, this is

488
00:26:53,960 --> 00:26:58,000
Speaker 1: a this this truly folks drew praise from from all

489
00:26:58,359 --> 00:27:01,720
Speaker 1: folks in the foreign c GEO political space that even

490
00:27:01,720 --> 00:27:04,280
Speaker 1: folks who serve in the Obama administration UH to to

491
00:27:04,280 --> 00:27:09,119
Speaker 1: see this normalizing of of relations. Just in terms of

492
00:27:09,240 --> 00:27:11,080
Speaker 1: an event at the White House, I mean that's that

493
00:27:11,200 --> 00:27:12,880
Speaker 1: will come in the next couple of weeks or I mean,

494
00:27:13,080 --> 00:27:15,560
Speaker 1: what do we know what's coming next on the normalizing

495
00:27:15,560 --> 00:27:19,760
Speaker 1: of those relations. Look, I I won't get ahead of

496
00:27:19,760 --> 00:27:23,280
Speaker 1: any sort of formal events or announcements from from the

497
00:27:23,280 --> 00:27:25,880
Speaker 1: White House, but what I will say is that this

498
00:27:26,080 --> 00:27:29,560
Speaker 1: is an historic agreement, the first of its kind in

499
00:27:29,760 --> 00:27:32,840
Speaker 1: twenty six years. And that's why it's so important that

500
00:27:32,960 --> 00:27:37,040
Speaker 1: Jared and UH and Say O'Brien are are taking this trip,

501
00:27:37,320 --> 00:27:40,919
Speaker 1: because this deal is not only important to Israel and

502
00:27:40,960 --> 00:27:43,520
Speaker 1: the U A E. UH, it is really a symbol

503
00:27:43,560 --> 00:27:46,600
Speaker 1: to the region and it's an example that other countries

504
00:27:46,720 --> 00:27:51,400
Speaker 1: can can follow to normalize relationsh for their own economic benefit,

505
00:27:51,480 --> 00:27:55,359
Speaker 1: for the economic benefit of Israel, to encourage peace in

506
00:27:55,400 --> 00:27:58,879
Speaker 1: the region, and of course, to marginalize the malign actors

507
00:27:58,880 --> 00:28:02,520
Speaker 1: in the region like Iran that are seeking to destabilize

508
00:28:02,760 --> 00:28:06,240
Speaker 1: and seeking violence and chaos. These sorts of agreements, these

509
00:28:06,240 --> 00:28:09,440
Speaker 1: sorts of normalizations. You know, the hope is that this

510
00:28:09,520 --> 00:28:12,159
Speaker 1: is but one example that is going to lead to

511
00:28:12,240 --> 00:28:14,960
Speaker 1: a much more peaceful future for the region and really

512
00:28:15,000 --> 00:28:18,040
Speaker 1: for the world. So glad that that they are doing

513
00:28:18,040 --> 00:28:21,960
Speaker 1: that trip. It's a really critical, important symbol about the

514
00:28:21,960 --> 00:28:25,280
Speaker 1: importance of this deal. All right, Brian Morgan's darn appreciate

515
00:28:25,320 --> 00:28:27,639
Speaker 1: your time. And he's a hoya. He was the student

516
00:28:27,640 --> 00:28:31,920
Speaker 1: body president right at Georgetown, so I get that right right,

517
00:28:32,080 --> 00:28:35,159
Speaker 1: you know, at a page he started years ago, folks.

518
00:28:35,200 --> 00:28:37,520
Speaker 1: Now he's the special Assistant to the President at the

519
00:28:37,560 --> 00:28:40,240
Speaker 1: White House, deputy Press Secretary as well as the deputy

520
00:28:40,440 --> 00:28:43,200
Speaker 1: communications director. Brian, thanks for calling. In coming up next

521
00:28:43,200 --> 00:28:47,400
Speaker 1: panel joins for reaction Brian lands A Duck Thornell lots

522
00:28:47,440 --> 00:28:49,760
Speaker 1: to get through. I'm Kevin Serley, Chief Washington correspondent from

523
00:28:49,760 --> 00:29:00,320
Speaker 1: Bloomberg TV and Radio. You're listening to Bloomberg one. This

524
00:29:00,680 --> 00:29:05,880
Speaker 1: is Bloomberg's Sound On with Kevin Surley on Bloomberg and

525
00:29:05,960 --> 00:29:08,160
Speaker 1: one oh five point seven f M h D two.

526
00:29:08,640 --> 00:29:11,000
Speaker 1: My name is Kevin Surley on the Chief Washington correspondent

527
00:29:11,040 --> 00:29:15,360
Speaker 1: for Bloomberg Television and Bloomberg Radio. Remember, folks, you can

528
00:29:15,400 --> 00:29:19,280
Speaker 1: watch all of our special continuing coverage of the Virtual

529
00:29:19,280 --> 00:29:24,080
Speaker 1: Republican National Convention starting tonight at MPM Eastern cross platform

530
00:29:24,200 --> 00:29:29,000
Speaker 1: simulcast on Bloomberg Television and on Bloomberg Radio, lead of course,

531
00:29:29,080 --> 00:29:34,800
Speaker 1: by the esteemed David Weston. I'll be at the White House. Uh,

532
00:29:34,800 --> 00:29:37,640
Speaker 1: and we have an all star panel of policy. We're

533
00:29:37,680 --> 00:29:41,080
Speaker 1: digging into the policy of of of what we hear

534
00:29:41,120 --> 00:29:44,320
Speaker 1: at both conventions. Joining us. Now, we have to talk

535
00:29:44,320 --> 00:29:46,320
Speaker 1: about the hurricane. I mean, this hurricane is really picking

536
00:29:46,400 --> 00:29:49,320
Speaker 1: up steam, Hurricane Laura, threatening to be the worst storm

537
00:29:49,320 --> 00:29:52,200
Speaker 1: in a hundred and sixty years. Brian Lanza is on

538
00:29:52,200 --> 00:29:55,640
Speaker 1: the line. He is a Republican strategist, the former communications

539
00:29:55,680 --> 00:30:00,000
Speaker 1: director of President Trump's transition team, and the former deputy

540
00:30:00,000 --> 00:30:04,200
Speaker 1: communications director for the President's sixteen campaign. Brian, great to

541
00:30:04,240 --> 00:30:06,800
Speaker 1: catch up with you again. How are you great? How

542
00:30:06,800 --> 00:30:09,800
Speaker 1: are you doing? Thanks for having me, cannot complain. Doug

543
00:30:09,840 --> 00:30:12,560
Speaker 1: Thornell is also with us. He is a partner and

544
00:30:12,680 --> 00:30:15,560
Speaker 1: head of s k d K Political at sk d

545
00:30:15,720 --> 00:30:19,960
Speaker 1: K at sk D Knickerbocker. Every time, Doug, I always

546
00:30:20,080 --> 00:30:24,280
Speaker 1: I always jumble it sk D one die and I

547
00:30:24,280 --> 00:30:26,720
Speaker 1: don't even know why. And he's because we have this

548
00:30:26,800 --> 00:30:29,479
Speaker 1: function on the Bloomberg terminal that kind of sounds like that.

549
00:30:29,560 --> 00:30:31,240
Speaker 1: And if you have a terminal, you know exactly what

550
00:30:31,280 --> 00:30:34,600
Speaker 1: I'm talking about. But that's what makes me mess it up.

551
00:30:34,600 --> 00:30:36,680
Speaker 1: But he is also the former lead media Strategies to

552
00:30:36,720 --> 00:30:42,920
Speaker 1: the k d K. For see, I have an effect

553
00:30:42,960 --> 00:30:49,440
Speaker 1: on things people journalism. Uh, Brian, do you think that

554
00:30:49,520 --> 00:30:52,920
Speaker 1: this hurricane it's gonna cause twenty five billion dollars worth

555
00:30:52,960 --> 00:30:55,760
Speaker 1: of damage. We're not even in the brunt of hurricane season.

556
00:30:55,800 --> 00:31:00,480
Speaker 1: It's gonna come in mid September. But here's the worst orm.

557
00:31:00,480 --> 00:31:03,520
Speaker 1: It's a category for the worst storm in a hundred

558
00:31:03,520 --> 00:31:07,520
Speaker 1: and sixty years. I mean, it could inflict the winds.

559
00:31:07,880 --> 00:31:10,840
Speaker 1: The winds are I'm looking at the radar report, hundred

560
00:31:10,920 --> 00:31:14,240
Speaker 1: and forty five mile per hour winds? Are you kidding

561
00:31:17,000 --> 00:31:21,880
Speaker 1: and tell me about it? But but Brian, I mean

562
00:31:21,960 --> 00:31:25,320
Speaker 1: joking aside. You look at these towns, Beaumont, Texas. It

563
00:31:25,560 --> 00:31:27,560
Speaker 1: reminds me I've been to Beaumont, I was on there

564
00:31:27,560 --> 00:31:29,960
Speaker 1: on the campaign trail. Reminds me of a town out

565
00:31:29,960 --> 00:31:32,120
Speaker 1: of Friday night Lights. One of my favorite books by

566
00:31:32,120 --> 00:31:36,080
Speaker 1: Buzz Messenger. And you look at the refinery workers down there,

567
00:31:36,120 --> 00:31:38,840
Speaker 1: five billion dollars in losses that could be coming down there,

568
00:31:39,240 --> 00:31:42,200
Speaker 1: and I and I'm thinking to myself, they have to

569
00:31:42,280 --> 00:31:45,400
Speaker 1: make a choice to put this in perspective, folks that

570
00:31:45,520 --> 00:31:49,840
Speaker 1: where people are evacuating, okay, COVID restrictions, you can't have

571
00:31:50,040 --> 00:31:52,480
Speaker 1: all of these people in in in the same area.

572
00:31:52,520 --> 00:31:55,960
Speaker 1: So there's that element to this, not to mention the

573
00:31:56,160 --> 00:32:01,080
Speaker 1: economic not to mention the economic calamity that people are

574
00:32:01,080 --> 00:32:03,960
Speaker 1: already experiencing. Brian, my simple question is do you think

575
00:32:04,000 --> 00:32:05,920
Speaker 1: this is going to put some pressure on Capitol Hill

576
00:32:05,960 --> 00:32:09,760
Speaker 1: to get a fiscal stimulus deal done? Absolutely? I mean, listen,

577
00:32:09,800 --> 00:32:12,000
Speaker 1: there's enough pressure and there should be more pressure put

578
00:32:12,040 --> 00:32:14,560
Speaker 1: on them, but I think this hurricane just just you know,

579
00:32:14,600 --> 00:32:17,320
Speaker 1: it's just too much. At this point. It would be

580
00:32:17,400 --> 00:32:20,280
Speaker 1: negligent on Congress's part not to come together to go

581
00:32:20,280 --> 00:32:22,880
Speaker 1: out a package for the President to sign. I mean,

582
00:32:22,920 --> 00:32:25,040
Speaker 1: he's shown leadership in the past, the president to try

583
00:32:25,040 --> 00:32:27,800
Speaker 1: to get somebody's packages through, and we'll see that again.

584
00:32:27,840 --> 00:32:31,720
Speaker 1: But there's really no excuse for for them not to

585
00:32:31,720 --> 00:32:34,480
Speaker 1: come back and uh and get money flowing into this

586
00:32:34,560 --> 00:32:37,640
Speaker 1: hurricane ravaged area. Doug, do you agree with that? I mean,

587
00:32:37,680 --> 00:32:40,560
Speaker 1: you know the dynamics of the help and especially amongst

588
00:32:40,640 --> 00:32:43,680
Speaker 1: Democrats and Speaker Pelosi better than anybody. Do you agree

589
00:32:43,720 --> 00:32:48,040
Speaker 1: that this might be some an inflection point in terms

590
00:32:48,040 --> 00:32:52,800
Speaker 1: of getting fiscal stimulus accomplished. Well, first of all, I

591
00:32:52,880 --> 00:32:54,920
Speaker 1: just want to say to the folks in Texas, Louisiana

592
00:32:54,960 --> 00:32:57,040
Speaker 1: and others in the path of this hurricane that my

593
00:32:57,080 --> 00:32:59,040
Speaker 1: thoughts and prayers are with you and your family. I

594
00:32:59,080 --> 00:33:01,400
Speaker 1: know it's it's out to be such an you know,

595
00:33:01,480 --> 00:33:05,000
Speaker 1: we're all dealing with so many different levels of uncertainty

596
00:33:05,240 --> 00:33:07,520
Speaker 1: and this is just an added thing. And you know,

597
00:33:07,560 --> 00:33:09,720
Speaker 1: I sort of echo with Brian said about this is

598
00:33:09,800 --> 00:33:12,360
Speaker 1: just another thing in for us have to have to

599
00:33:12,400 --> 00:33:14,719
Speaker 1: deal with. So but I hope everyone keeps safe and

600
00:33:15,280 --> 00:33:18,600
Speaker 1: and listen to listens to their local officials. Um. But yeah,

601
00:33:18,640 --> 00:33:21,640
Speaker 1: I mean, look, I think that this could be an opening. Um.

602
00:33:21,680 --> 00:33:23,720
Speaker 1: You know, I think both sides want to get get

603
00:33:23,760 --> 00:33:27,440
Speaker 1: something done. Although you know, the Democrats passed a stimulus

604
00:33:27,480 --> 00:33:30,280
Speaker 1: package I think about a hundred days ago, and we

605
00:33:30,400 --> 00:33:35,280
Speaker 1: haven't seen much effort to get something done, a compromise

606
00:33:35,320 --> 00:33:38,360
Speaker 1: package done. I think the White House had some interest

607
00:33:38,400 --> 00:33:41,800
Speaker 1: and then sort of walked away from the UM negotiating table.

608
00:33:41,840 --> 00:33:44,680
Speaker 1: Hopefully this brings us, brings us, brings everyone back to

609
00:33:44,720 --> 00:33:47,480
Speaker 1: the table. It shouldn't take a Category four five for

610
00:33:47,600 --> 00:33:49,320
Speaker 1: Urricane to do that, you know, And I think it

611
00:33:49,400 --> 00:33:53,800
Speaker 1: just shows sort of how um dysfunctional Washington is right now.

612
00:33:54,000 --> 00:33:57,320
Speaker 1: And so hopefully it is a it is an an

613
00:33:57,800 --> 00:34:01,160
Speaker 1: igniter there to do that, because well, we still have

614
00:34:01,240 --> 00:34:04,200
Speaker 1: a pandemic on our hands that is ravaging this country,

615
00:34:04,280 --> 00:34:07,280
Speaker 1: and we need help for local local governments, and we

616
00:34:07,320 --> 00:34:10,279
Speaker 1: need help for our first responders, and uh, we need

617
00:34:10,400 --> 00:34:12,719
Speaker 1: a testing system in place. We have a lot of

618
00:34:12,719 --> 00:34:15,680
Speaker 1: work to do with the with the coronavirus. Add this

619
00:34:15,840 --> 00:34:19,240
Speaker 1: and it's just another another major problem. And it really

620
00:34:19,320 --> 00:34:21,719
Speaker 1: is remarkable, Brian, I mean, in terms of just how

621
00:34:21,800 --> 00:34:25,719
Speaker 1: far apart Republicans and Democrats remain on the issue of

622
00:34:25,760 --> 00:34:29,400
Speaker 1: fiscal stimulus more than a trillion dollars, and behind the

623
00:34:29,480 --> 00:34:32,600
Speaker 1: scenes there have been some conversations even this week between

624
00:34:32,600 --> 00:34:35,799
Speaker 1: the Treasury Department and the Speaker's office. But Brian, I mean,

625
00:34:36,480 --> 00:34:39,960
Speaker 1: you know, at some point, some of these small businesses

626
00:34:40,239 --> 00:34:44,680
Speaker 1: they need they need to support. Yesterday of the of

627
00:34:44,719 --> 00:34:47,799
Speaker 1: businesses in America are are small businesses, and and I

628
00:34:47,840 --> 00:34:49,640
Speaker 1: just I don't know. I mean, I don't think it's

629
00:34:49,640 --> 00:34:52,200
Speaker 1: a good look for any anyone on up for for

630
00:34:52,280 --> 00:34:55,560
Speaker 1: re election on November three, on down ballot races and whatnot,

631
00:34:55,600 --> 00:34:57,799
Speaker 1: if if they can't go to their constituents and say

632
00:34:57,800 --> 00:35:00,919
Speaker 1: that they were able to get a deal. Yeah, listen,

633
00:35:01,080 --> 00:35:04,200
Speaker 1: I think it's important to look at Texas particularly. I mean,

634
00:35:04,239 --> 00:35:06,440
Speaker 1: you had Crews who was leading the opposition against a

635
00:35:06,440 --> 00:35:09,400
Speaker 1: stimulus package in the past. I wonder what his position

636
00:35:09,440 --> 00:35:11,880
Speaker 1: is now that Texas is going to be as impacted

637
00:35:11,920 --> 00:35:15,160
Speaker 1: as it is two senators, and so you have to

638
00:35:15,160 --> 00:35:16,560
Speaker 1: look at what you know, you have to look at

639
00:35:16,560 --> 00:35:18,719
Speaker 1: the two senators in Louisiana are going to have They

640
00:35:18,719 --> 00:35:21,560
Speaker 1: were against spending more money before, but now that the

641
00:35:21,719 --> 00:35:25,080
Speaker 1: states are directly impacted and directly hit, you'll probably see

642
00:35:25,120 --> 00:35:28,239
Speaker 1: them reassess and they'll be quick to say, hey, we

643
00:35:28,280 --> 00:35:30,160
Speaker 1: need to pass this, we need to pass this now.

644
00:35:30,360 --> 00:35:32,560
Speaker 1: So I think the storm changed the politics a little bit,

645
00:35:32,719 --> 00:35:35,279
Speaker 1: at least for four senators out of the Texas a

646
00:35:35,400 --> 00:35:39,719
Speaker 1: Louisiana area. Don't do you agree with that? Yeah, I

647
00:35:39,719 --> 00:35:43,880
Speaker 1: think that's very wide. Look, I think all politics is local. UM.

648
00:35:44,080 --> 00:35:48,080
Speaker 1: And we've seen in the past that, Um, particularly when

649
00:35:48,080 --> 00:35:53,080
Speaker 1: it comes to spending government money. UM. Uh, there are

650
00:35:53,120 --> 00:35:56,440
Speaker 1: many there are many Republicans who are against it until

651
00:35:57,239 --> 00:36:00,480
Speaker 1: it could have their district or their state. So I

652
00:36:00,520 --> 00:36:04,480
Speaker 1: think that's right. Um. If there's widespread damage, I think

653
00:36:04,520 --> 00:36:06,880
Speaker 1: it's gonna be really hard. And look, John current Corner

654
00:36:07,040 --> 00:36:10,000
Speaker 1: is up for reelection. Um, you know he's the favorite

655
00:36:10,000 --> 00:36:13,160
Speaker 1: in that race, but you never know. And UM, you

656
00:36:13,160 --> 00:36:16,799
Speaker 1: know cruizes not but um Corning is. And so what

657
00:36:16,960 --> 00:36:20,520
Speaker 1: you know, could this add more pressure on it? That's

658
00:36:20,560 --> 00:36:23,719
Speaker 1: smart UM to go to McConnell and say, hey, what

659
00:36:23,840 --> 00:36:25,680
Speaker 1: we need to cut a deal. You know, it's it's

660
00:36:25,719 --> 00:36:27,960
Speaker 1: it's really really remarkable. And again, folks, I think this

661
00:36:28,120 --> 00:36:31,319
Speaker 1: hurricane is only going to put pressure on more individuals. Again,

662
00:36:31,360 --> 00:36:33,840
Speaker 1: that hurricane for expected to make landfalls sometime within the

663
00:36:33,880 --> 00:36:38,320
Speaker 1: next hours. Panel stays, we talk more policy and politics

664
00:36:38,320 --> 00:36:41,040
Speaker 1: coming up next. I'm Kevin Curreli, Chief Washington corresponded for

665
00:36:41,080 --> 00:36:44,600
Speaker 1: Bloomberg Television and for Bloomberg Radio. You're listening to Bluebird.

666
00:37:00,280 --> 00:37:08,279
Speaker 1: This is Bloomberg Sound On with Ken on Bloomberg two.

667
00:37:09,160 --> 00:37:12,040
Speaker 1: My name is Kevin s. Really, I'm the chief Washington

668
00:37:12,080 --> 00:37:16,280
Speaker 1: correspondent for Bloomberg Television and for Bloomberg Radio. We're tracking

669
00:37:16,360 --> 00:37:22,080
Speaker 1: multiple fronts tonight, including the third night, Third Night already

670
00:37:22,120 --> 00:37:25,680
Speaker 1: it's going so fast. Third Night of the Virtual Republican

671
00:37:25,880 --> 00:37:30,839
Speaker 1: National Convention tonight, headlining Vice President Mike Pence, and there

672
00:37:30,880 --> 00:37:33,959
Speaker 1: will be also Senator Joni Ernst. She's in a tough

673
00:37:34,120 --> 00:37:36,200
Speaker 1: do you see these polls out Iowa, the Hawkeye state.

674
00:37:36,480 --> 00:37:40,560
Speaker 1: She's in a tough race against UH, against a very

675
00:37:40,600 --> 00:37:45,880
Speaker 1: progressive challenger UH. And it's gonna be it's gonna be

676
00:37:45,880 --> 00:37:48,319
Speaker 1: remarkable to see if Joni Earns too, who really at

677
00:37:48,360 --> 00:37:53,880
Speaker 1: one point was hailed as the maybe future of the

678
00:37:55,440 --> 00:37:58,919
Speaker 1: of the Republican Party, and she's up for a real

679
00:37:59,239 --> 00:38:03,640
Speaker 1: tough and a progressive challenger to greet Aresa Greenfield. And

680
00:38:03,680 --> 00:38:08,240
Speaker 1: then also Senator Marsha Blackburne, a Republican from Tennessee. She's

681
00:38:08,320 --> 00:38:13,400
Speaker 1: going to speak as well. And then two other rising

682
00:38:13,440 --> 00:38:17,960
Speaker 1: Republican stars at least a panic she's in Republican from

683
00:38:17,960 --> 00:38:21,080
Speaker 1: New York, and Dan Crunshaw, Republican from Texas, and of

684
00:38:21,120 --> 00:38:25,000
Speaker 1: course Texas being pummeled right now by that hurricane Laura Uh.

685
00:38:25,280 --> 00:38:28,600
Speaker 1: Category for joining me for the panel. Let's talk the convention,

686
00:38:28,680 --> 00:38:33,200
Speaker 1: Let's talk the theatrics, the pop and circumstance with Brian Lanza,

687
00:38:33,280 --> 00:38:37,239
Speaker 1: Republican strategist, former communications director of Trump's transition team, and

688
00:38:37,560 --> 00:38:41,600
Speaker 1: former deputy comps director for the Trump campaign. I have flashbacks,

689
00:38:41,600 --> 00:38:46,960
Speaker 1: Brian to four years ago and Doug Thoria know, yeah,

690
00:38:47,280 --> 00:38:49,600
Speaker 1: I can I cannot believe it's I can't. I've been

691
00:38:49,600 --> 00:38:52,520
Speaker 1: there since the start. Doug Thornell, partner and head of

692
00:38:52,960 --> 00:38:56,920
Speaker 1: s K d K Political and s K D Nickerbocker

693
00:38:57,200 --> 00:39:01,160
Speaker 1: and the former lead media strategist to the d n C. Doug,

694
00:39:01,840 --> 00:39:03,759
Speaker 1: all right, what are we gonna here tonight? I mean,

695
00:39:03,800 --> 00:39:05,640
Speaker 1: don't just give me the talking points, but you know,

696
00:39:05,680 --> 00:39:09,120
Speaker 1: give me the from a policy standpoint. What are you,

697
00:39:09,200 --> 00:39:15,879
Speaker 1: as a Democrat going to be monitoring for in these speeches? Well, look,

698
00:39:16,160 --> 00:39:19,120
Speaker 1: the headliner is Mike Pence. He's in charge of the

699
00:39:19,120 --> 00:39:21,839
Speaker 1: Coronavirus Task Force. At least I think he is um

700
00:39:22,120 --> 00:39:24,960
Speaker 1: and uh, you would think that he is going to

701
00:39:25,040 --> 00:39:26,720
Speaker 1: go out there and make the case to the American

702
00:39:26,760 --> 00:39:30,320
Speaker 1: people that the president has plans to get this pandemic

703
00:39:30,360 --> 00:39:33,920
Speaker 1: under control. He's got a plan to rebuild the country

704
00:39:33,960 --> 00:39:37,279
Speaker 1: even better. Um that he's got a plan to deal

705
00:39:37,320 --> 00:39:40,759
Speaker 1: with testing. He should, he's got a plan on mass

706
00:39:40,800 --> 00:39:42,880
Speaker 1: you know, a lot of things that everyone's been waiting for.

707
00:39:43,200 --> 00:39:45,920
Speaker 1: UM as the head of the Coronavirus Task Force. I

708
00:39:45,920 --> 00:39:49,120
Speaker 1: think that's an important I would expect the Mike Pence

709
00:39:49,160 --> 00:39:53,239
Speaker 1: to to to to lean in on that. UM. I

710
00:39:53,280 --> 00:39:55,920
Speaker 1: think a lot of people obviously believe that the President's

711
00:39:55,960 --> 00:39:58,839
Speaker 1: response to the coronavirus has been a failure. I do

712
00:39:59,040 --> 00:40:01,920
Speaker 1: myself what that doesn't mean if you're a Republican, you

713
00:40:01,920 --> 00:40:04,160
Speaker 1: don't try to turn that around. And I think that

714
00:40:04,239 --> 00:40:07,960
Speaker 1: they've got to. They've got they can't just ignore this pandemic.

715
00:40:08,000 --> 00:40:10,480
Speaker 1: They've tried to write They've tried to create a virtual

716
00:40:10,560 --> 00:40:13,319
Speaker 1: reality where a lot you know, the pandemic hasn't killed

717
00:40:13,320 --> 00:40:16,400
Speaker 1: a d eighty thousand people, and that they're you know,

718
00:40:16,440 --> 00:40:19,840
Speaker 1: the the we haven't seen millions of jobs lost, a

719
00:40:19,840 --> 00:40:22,200
Speaker 1: lot of you know, millions and millions of people infected.

720
00:40:22,280 --> 00:40:24,920
Speaker 1: They've rarely touched on it. I appreciated the First Lady

721
00:40:24,960 --> 00:40:28,560
Speaker 1: actually mentioning this last night in her in her speech.

722
00:40:28,840 --> 00:40:30,719
Speaker 1: She was one of the few people to actually talk

723
00:40:30,800 --> 00:40:34,600
Speaker 1: about this, but to a lot Americans, myself included I

724
00:40:34,640 --> 00:40:37,960
Speaker 1: lost my dad to the coronavirus. This is deeply personal

725
00:40:38,080 --> 00:40:39,759
Speaker 1: and we want to hear what the president is going

726
00:40:39,800 --> 00:40:42,080
Speaker 1: to do to get us out of this because it

727
00:40:42,280 --> 00:40:46,520
Speaker 1: is still hurting too many people in this country. Yes,

728
00:40:46,560 --> 00:40:49,640
Speaker 1: we're seeing some numbers drop, but in particular in the Midwest,

729
00:40:49,680 --> 00:40:52,120
Speaker 1: we're seeing out you know, we're seeing outbreaks. We're seeing

730
00:40:52,120 --> 00:40:55,719
Speaker 1: outbreak from college campuses. So I would love to hear

731
00:40:55,760 --> 00:40:58,279
Speaker 1: from them, what is the plan to deal with this,

732
00:40:58,400 --> 00:41:02,320
Speaker 1: to contain it? Doug. First of all, my thoughts and prayers. Truly,

733
00:41:02,360 --> 00:41:05,600
Speaker 1: I didn't realize that, and I appreciate you sharing that

734
00:41:05,719 --> 00:41:07,719
Speaker 1: with us, but I I you know, my thoughts and

735
00:41:07,719 --> 00:41:09,640
Speaker 1: prayers to it to you and your family is navigate

736
00:41:09,719 --> 00:41:13,839
Speaker 1: through uh this difficult time, Brian. I mean, you hear

737
00:41:13,880 --> 00:41:16,520
Speaker 1: and it's it's very real the effect that the pandemic

738
00:41:16,600 --> 00:41:20,719
Speaker 1: is having all over the country. Uh. And you know,

739
00:41:21,040 --> 00:41:23,799
Speaker 1: it is such a politicized issue at this point, like

740
00:41:23,880 --> 00:41:25,960
Speaker 1: it or lump it. You know, the Wall Street Journal

741
00:41:26,000 --> 00:41:30,000
Speaker 1: poll has the president within striking distance and battleground states.

742
00:41:30,000 --> 00:41:32,560
Speaker 1: It came out this weekend. It has him down nationally,

743
00:41:32,560 --> 00:41:34,960
Speaker 1: But I don't really pay attention to the national numbers. Uh,

744
00:41:35,040 --> 00:41:39,480
Speaker 1: it has n't leading by ten points against against Biden,

745
00:41:39,760 --> 00:41:43,360
Speaker 1: but it has is the it has disapproval. The majority

746
00:41:43,400 --> 00:41:46,200
Speaker 1: of Americans disapprove of his handling of the pandemic. So

747
00:41:46,239 --> 00:41:48,800
Speaker 1: what does he have to do to turn it around?

748
00:41:48,840 --> 00:41:51,280
Speaker 1: Not just in the speech, but in terms of getting

749
00:41:51,280 --> 00:41:54,520
Speaker 1: out there? Brian, it looks like I think, you know,

750
00:41:54,520 --> 00:41:57,080
Speaker 1: the Vice President is gonna probably speak about the pandemic,

751
00:41:57,120 --> 00:41:58,920
Speaker 1: but he's also going to frame it in the larger

752
00:41:59,040 --> 00:42:02,239
Speaker 1: narrative of how do we restart this country through through

753
00:42:02,280 --> 00:42:05,960
Speaker 1: this devastating virus. There was no fault of our own. Uh.

754
00:42:06,000 --> 00:42:07,719
Speaker 1: And I think you know, if you just look at

755
00:42:07,719 --> 00:42:11,239
Speaker 1: the last three months, you know of of this where

756
00:42:11,239 --> 00:42:14,439
Speaker 1: the administration has helped create about eight and a half

757
00:42:14,440 --> 00:42:16,840
Speaker 1: million new jobs. I mean, how many jobs at the

758
00:42:16,840 --> 00:42:19,840
Speaker 1: Obama administration creating their entire eight years About eight and

759
00:42:19,880 --> 00:42:22,239
Speaker 1: a half million new jobs. So right there, that's the

760
00:42:22,320 --> 00:42:25,080
Speaker 1: data pointed the American people need to realize if we're

761
00:42:25,080 --> 00:42:26,680
Speaker 1: going to get out and when we get out of

762
00:42:26,680 --> 00:42:31,160
Speaker 1: this coronavirus pandemic, whether there's a vaccine, whether there's therapeutics,

763
00:42:31,280 --> 00:42:32,759
Speaker 1: or whether we look at the data and we come

764
00:42:32,840 --> 00:42:35,359
Speaker 1: up with a mitigation plan on how to deal with

765
00:42:35,520 --> 00:42:37,600
Speaker 1: you know, the primary people who were impacted by this,

766
00:42:38,200 --> 00:42:40,680
Speaker 1: you know, that's gonna that that's one component, but the

767
00:42:40,719 --> 00:42:43,200
Speaker 1: most important component is all so how do we restart

768
00:42:43,480 --> 00:42:46,400
Speaker 1: you know, this economic engine, this economic machine that we

769
00:42:46,440 --> 00:42:49,880
Speaker 1: had in January and February that everybody that you know,

770
00:42:50,000 --> 00:42:53,439
Speaker 1: vast majority of the population was benefiting, with record small

771
00:42:53,480 --> 00:42:57,040
Speaker 1: businesses and minority groups, record small businesses. Among women, lost

772
00:42:57,120 --> 00:43:00,239
Speaker 1: unemployment rate than you know what fifty plus years. And

773
00:43:00,280 --> 00:43:02,040
Speaker 1: I think when people look at that and say, look

774
00:43:02,040 --> 00:43:04,040
Speaker 1: what the President's done in the last three months during

775
00:43:04,040 --> 00:43:07,479
Speaker 1: this horrible, you know, pandemic crisis, where they've created about

776
00:43:07,480 --> 00:43:09,480
Speaker 1: eight and a half million new jobs, and then they

777
00:43:09,520 --> 00:43:12,400
Speaker 1: bump that up against Obama Biden's eight years eight and

778
00:43:12,400 --> 00:43:14,640
Speaker 1: a half million, I think it's pretty clear who who

779
00:43:14,680 --> 00:43:17,919
Speaker 1: has the stewardship of division to get this country back

780
00:43:17,920 --> 00:43:21,000
Speaker 1: on course, you know. And and even just the what's

781
00:43:21,040 --> 00:43:24,360
Speaker 1: what's been going on with with vaccine, there was some

782
00:43:24,520 --> 00:43:26,640
Speaker 1: there was a new study that came out today that

783
00:43:26,680 --> 00:43:31,240
Speaker 1: has one of the vaccines going on track. Riley Griffin

784
00:43:31,280 --> 00:43:33,319
Speaker 1: reporting on the Bloomberg terminal that the White House has

785
00:43:33,360 --> 00:43:39,720
Speaker 1: secured eight experimental coronavirus vaccines through its Operation warp Speed

786
00:43:39,760 --> 00:43:43,400
Speaker 1: efforts seeking to hedge its bets on different technologies. This

787
00:43:43,520 --> 00:43:48,239
Speaker 1: according to a top advisor on the to the program,

788
00:43:48,239 --> 00:43:52,840
Speaker 1: Montef Salaui, the operation's chief advisor, and Matthew Hepburn, a

789
00:43:52,880 --> 00:43:56,120
Speaker 1: Department of Defense official. They've outlined the federal criteria for

790
00:43:56,160 --> 00:43:59,759
Speaker 1: selecting and securing vaccine candidates and an essay in the

791
00:43:59,800 --> 00:44:03,880
Speaker 1: New England Journal of Medicine, and they did that today

792
00:44:03,960 --> 00:44:07,360
Speaker 1: and what they wrote, folks, was that each candidate selected

793
00:44:07,400 --> 00:44:12,560
Speaker 1: for the Warped Speed portfolio, it must employ one of

794
00:44:12,719 --> 00:44:18,759
Speaker 1: four types of vaccine platform technologies believed by the US

795
00:44:18,800 --> 00:44:22,120
Speaker 1: to likely yield a safe and effective shot. That includes

796
00:44:22,160 --> 00:44:25,080
Speaker 1: some newer technologies like the so called messenger are And

797
00:44:25,440 --> 00:44:28,560
Speaker 1: the reason I bring this up is because it's not

798
00:44:28,680 --> 00:44:32,919
Speaker 1: just the science, it's also the technology. And so all

799
00:44:32,960 --> 00:44:35,719
Speaker 1: of this is moving along and we're heading into a

800
00:44:35,800 --> 00:44:39,480
Speaker 1: collision course. In the month of October, I would argue

801
00:44:39,480 --> 00:44:42,400
Speaker 1: we're about four to five weeks away from really the

802
00:44:42,480 --> 00:44:46,640
Speaker 1: UH battle ground fight up on Capitol Hill over pharmaceutical

803
00:44:46,640 --> 00:44:51,319
Speaker 1: companies really intensifying, and access to the vaccinations really intensifying.

804
00:44:51,360 --> 00:44:55,120
Speaker 1: I spoke with one lawmaker earlier today or corresponded with

805
00:44:55,400 --> 00:44:59,719
Speaker 1: one lawmaker earlier today who who pointed to that timeline

806
00:45:00,239 --> 00:45:04,279
Speaker 1: as well, Doug. In terms of the vaccination issue, this

807
00:45:04,360 --> 00:45:06,239
Speaker 1: is going to be crucial. I mean, and I don't

808
00:45:06,239 --> 00:45:08,600
Speaker 1: even want to ask it as a political lens, but

809
00:45:08,800 --> 00:45:12,640
Speaker 1: this country is about to have a conversation about access

810
00:45:12,960 --> 00:45:18,240
Speaker 1: to vaccines to life saving treatments. Yeah. I just before

811
00:45:18,239 --> 00:45:20,760
Speaker 1: I touched that, I just would love to just respond

812
00:45:20,840 --> 00:45:22,560
Speaker 1: to one thing that Brian said. You know, when President

813
00:45:22,600 --> 00:45:25,239
Speaker 1: Obama and Joe Biden took office, the unemployment rate was

814
00:45:26,440 --> 00:45:29,600
Speaker 1: well over ten percent. When they left, it was under five. Um.

815
00:45:29,719 --> 00:45:33,520
Speaker 1: So this idea that um Obama and now Joe Biden

816
00:45:33,680 --> 00:45:35,840
Speaker 1: don't know how to deal with a crisis and create jobs,

817
00:45:35,920 --> 00:45:39,400
Speaker 1: it's just it's just not true. Um so. UM. But

818
00:45:39,600 --> 00:45:42,600
Speaker 1: on the vaccine, you know, look, I think that the

819
00:45:42,640 --> 00:45:46,399
Speaker 1: important I think that everyone is is hopeful that there's

820
00:45:46,400 --> 00:45:48,840
Speaker 1: a vaccine. You know. I think everyone would love to

821
00:45:48,840 --> 00:45:51,719
Speaker 1: see in a vaccine that I know. They're moving very

822
00:45:51,800 --> 00:45:56,239
Speaker 1: quickly right now, and there are some promising results by

823
00:45:56,760 --> 00:46:01,080
Speaker 1: some different UM pharmaceutical uh company needs I think you know,

824
00:46:01,120 --> 00:46:05,520
Speaker 1: the concern is that you um, you you go too

825
00:46:05,560 --> 00:46:09,400
Speaker 1: fast and um you don't go through proper testing, and

826
00:46:09,480 --> 00:46:12,040
Speaker 1: you let politics drive the science, and so I hope

827
00:46:12,080 --> 00:46:14,480
Speaker 1: that does not happen. I know today we saw an

828
00:46:14,480 --> 00:46:18,200
Speaker 1: announcement by the CDC and it was reported later that

829
00:46:18,280 --> 00:46:21,040
Speaker 1: it was driven by politics to sort of adjust how

830
00:46:21,400 --> 00:46:26,759
Speaker 1: some of the guidance on testing related to the coronavirus. So, um, look,

831
00:46:26,800 --> 00:46:29,080
Speaker 1: I'm a big believer. I'm not a scientist. I'm not

832
00:46:29,120 --> 00:46:30,719
Speaker 1: a doctor. I don't think any of us on the

833
00:46:30,719 --> 00:46:33,120
Speaker 1: show are. But I am a big beaver and following

834
00:46:33,120 --> 00:46:37,120
Speaker 1: the science and following doctors. Um, you know, I listened

835
00:46:37,160 --> 00:46:41,239
Speaker 1: to Larry Tublow gives us advice on on on on

836
00:46:41,600 --> 00:46:45,760
Speaker 1: health issues and and and medicine, and I don't realize

837
00:46:45,800 --> 00:46:47,960
Speaker 1: that he went to med school. All right, So we

838
00:46:48,040 --> 00:46:50,040
Speaker 1: got more next, we got more next saved for for

839
00:46:50,080 --> 00:46:52,080
Speaker 1: after the jump. I'm I'm not a doctor. I'm just

840
00:46:52,120 --> 00:46:54,600
Speaker 1: a guy from Delko. My name is Kevin Cereli. I'm

841
00:46:54,600 --> 00:46:57,200
Speaker 1: the chief Washington correspondent from Bloomberg TV and Radio. You're

842
00:46:57,239 --> 00:47:07,400
Speaker 1: listening to Bloomberg. This is Bloomberg Sound On with Kevin

843
00:47:07,480 --> 00:47:11,879
Speaker 1: Surley on Bloomberg and one oh five point seven FM

844
00:47:12,000 --> 00:47:16,480
Speaker 1: HD two. My name is Kevin Sile I'm the chief

845
00:47:16,480 --> 00:47:25,359
Speaker 1: Washington correspondent for Bloomberg Television Bloomberg Radio. Kencia Galouchco on

846
00:47:25,400 --> 00:47:30,200
Speaker 1: the Bloomberg Terminal reporting quote. Global stocks hit record on

847
00:47:30,320 --> 00:47:34,759
Speaker 1: trade deal progress, vaccine hope. Global equities climbed to a

848
00:47:34,800 --> 00:47:38,160
Speaker 1: record high on Wednesday as progress in US China trade

849
00:47:38,160 --> 00:47:41,040
Speaker 1: talks and hopes for the development of a vaccine against

850
00:47:41,040 --> 00:47:45,839
Speaker 1: the novel coronavirus fueled investor appetite. Four stocks. The All

851
00:47:45,880 --> 00:47:49,920
Speaker 1: Country World Index, which includes both emerging and developed world markets,

852
00:47:50,160 --> 00:47:54,320
Speaker 1: climb point four percent, topping a previous high from February.

853
00:47:54,400 --> 00:47:57,839
Speaker 1: So stocks had another good day. But it's time now

854
00:47:57,880 --> 00:48:02,040
Speaker 1: for my favorite part of the show, and that is

855
00:48:02,239 --> 00:48:06,440
Speaker 1: what is on your radar? Uh And Doug darnellis with me,

856
00:48:06,680 --> 00:48:08,880
Speaker 1: Brian land is with me. I want to know something

857
00:48:08,960 --> 00:48:11,200
Speaker 1: in the weeds. I want to know something that's gone,

858
00:48:11,640 --> 00:48:14,879
Speaker 1: you know different. Um, And I'm gonna start things off

859
00:48:15,320 --> 00:48:18,320
Speaker 1: because it's my show and usually I go lass and

860
00:48:18,320 --> 00:48:21,239
Speaker 1: then I don't have a lot of time. Um, but

861
00:48:21,520 --> 00:48:24,800
Speaker 1: uh no, this just crossed. During the last hour. NBA

862
00:48:24,880 --> 00:48:28,560
Speaker 1: teams are boycotting playoff games and protests of the police shooting.

863
00:48:29,200 --> 00:48:33,680
Speaker 1: Brandon Coke Cockton reports on the Bloomberg Terminal. NBA teams

864
00:48:33,680 --> 00:48:37,000
Speaker 1: are boycotting the league's playoff games to protest the police

865
00:48:37,040 --> 00:48:41,120
Speaker 1: shooting of the black man in Kindo shot with Kenosha, Wisconsin,

866
00:48:41,360 --> 00:48:43,520
Speaker 1: putting the league season in doubt for the second time

867
00:48:43,560 --> 00:48:45,600
Speaker 1: this year. The Milwaukee Bucks were gonna put We're the

868
00:48:45,640 --> 00:48:47,759
Speaker 1: first to set out they were going to play this

869
00:48:47,840 --> 00:48:53,439
Speaker 1: afternoon against the Orlando Magic at about four shortly after

870
00:48:53,440 --> 00:48:56,960
Speaker 1: four pm New York time, but NBA TV said that

871
00:48:57,000 --> 00:48:58,839
Speaker 1: the game is going to be postponed because the team

872
00:48:58,880 --> 00:49:01,799
Speaker 1: didn't come out of the locker room, and the league

873
00:49:01,800 --> 00:49:06,160
Speaker 1: confirmed later that the matchups are postponed. It was supposed

874
00:49:06,160 --> 00:49:09,400
Speaker 1: to be broadcast on NBA TV and they actually went

875
00:49:09,440 --> 00:49:13,000
Speaker 1: to a handled discussion on race relations in the United States.

876
00:49:13,040 --> 00:49:16,480
Speaker 1: But now there's word and rumors that the Houston Rockets

877
00:49:16,480 --> 00:49:19,719
Speaker 1: in the Oklahoma City thunder Uh, deciding not to take

878
00:49:19,760 --> 00:49:22,560
Speaker 1: the court, did the court for their matchup game later

879
00:49:22,640 --> 00:49:26,120
Speaker 1: this evening. The Lakers and the Trailblazers, they're not gonna

880
00:49:26,120 --> 00:49:29,719
Speaker 1: play their games scheduled for nine PM, So there's a

881
00:49:29,800 --> 00:49:32,480
Speaker 1: meeting that's going to be scheduled, according to Brandon's reporting

882
00:49:32,520 --> 00:49:38,520
Speaker 1: on the terminal. But you know, it's a really interesting time,

883
00:49:38,600 --> 00:49:41,840
Speaker 1: to say the least, in terms of how sports sports

884
00:49:41,920 --> 00:49:46,480
Speaker 1: leagues in this country are are dealing with this and

885
00:49:46,480 --> 00:49:50,920
Speaker 1: and the unrest. Milwaukee, by the way, is forty miles

886
00:49:51,000 --> 00:49:54,120
Speaker 1: north of Kenosha, which is where the twenty nine year

887
00:49:54,160 --> 00:49:58,200
Speaker 1: old Jacob Blake, who is African American, was shot seven

888
00:49:58,239 --> 00:50:02,279
Speaker 1: times by police on Sunday and his father, who was

889
00:50:02,360 --> 00:50:06,759
Speaker 1: also named Jacob, Jacob Blake. That's what he's you know, saying,

890
00:50:06,760 --> 00:50:11,400
Speaker 1: And it has obviously ignited unrest in UH and protests.

891
00:50:11,400 --> 00:50:15,040
Speaker 1: So that's what's on my radar. Um, And it's just

892
00:50:15,320 --> 00:50:18,239
Speaker 1: you know, here we are. It's just it's it's another

893
00:50:19,080 --> 00:50:26,719
Speaker 1: another area of unrest. Doug, what's on your radar? Well, Um, yeah,

894
00:50:26,800 --> 00:50:29,279
Speaker 1: it's I wish I could play with something other than

895
00:50:29,320 --> 00:50:33,880
Speaker 1: politics right now. But I'm a political monster. You're on

896
00:50:33,920 --> 00:50:37,799
Speaker 1: the right show, Doug. You're on the right show. I'm

897
00:50:37,840 --> 00:50:40,760
Speaker 1: not a monster. I like to say I'm a political animal,

898
00:50:41,080 --> 00:50:45,480
Speaker 1: you know, but monster monster, No, no one's a monster.

899
00:50:45,520 --> 00:50:49,239
Speaker 1: No monster is allowed on this show. Go ahead. Um.

900
00:50:49,280 --> 00:50:52,840
Speaker 1: So you know, the Senate race, I think we should

901
00:50:52,840 --> 00:50:57,440
Speaker 1: all be watching it because I think it's it is

902
00:50:57,920 --> 00:51:00,960
Speaker 1: one that has an opportunity to really rise people. And

903
00:51:01,000 --> 00:51:03,799
Speaker 1: that's in South Carolina where Jamie Harrison is taking on

904
00:51:03,920 --> 00:51:07,280
Speaker 1: Lindsay Graham. It's been getting a decent amount of coverage,

905
00:51:07,320 --> 00:51:10,480
Speaker 1: but not in the same degree as North Carolina with

906
00:51:10,560 --> 00:51:14,960
Speaker 1: Tom Tillis, or Colorado Iowa picking Looper and Corey Gardner,

907
00:51:15,080 --> 00:51:18,960
Speaker 1: or now you mentioned Joni Earnston in Iowa or Doub

908
00:51:19,040 --> 00:51:22,480
Speaker 1: Jones in in in Um in Alabama. But this race

909
00:51:22,600 --> 00:51:25,840
Speaker 1: is within the margin of error. Um, and both candidates

910
00:51:25,880 --> 00:51:28,920
Speaker 1: are going toe to toe against one another, both that

911
00:51:29,040 --> 00:51:32,920
Speaker 1: you know, both are up with advertising. You have Jamie

912
00:51:33,239 --> 00:51:37,760
Speaker 1: Um telling his story and contra and going after Lindsay Graham.

913
00:51:37,880 --> 00:51:41,040
Speaker 1: Lindsay Graham doing the same thing. Um, this is a

914
00:51:41,239 --> 00:51:44,160
Speaker 1: this is a race that, depending upon how strong Donald

915
00:51:44,160 --> 00:51:46,600
Speaker 1: Trump is is in November, you could see a real

916
00:51:46,719 --> 00:51:50,080
Speaker 1: upset here. You know, I think that's a really interesting point.

917
00:51:50,080 --> 00:51:53,520
Speaker 1: I mean, here's here's someone. He's a forty four year old,

918
00:51:53,520 --> 00:51:56,640
Speaker 1: he's African American, he was born to a single teenage mother,

919
00:51:57,040 --> 00:52:00,920
Speaker 1: raised by his grandparents in poverty in Orangeberg. And I'm

920
00:52:00,920 --> 00:52:04,319
Speaker 1: reading this from the Charleston, South Carolina City paper where

921
00:52:04,320 --> 00:52:07,279
Speaker 1: they've done this profile on him, and they quote a

922
00:52:07,360 --> 00:52:10,480
Speaker 1: firm and university politics professor Daniel Vincent who says, you

923
00:52:10,520 --> 00:52:13,360
Speaker 1: have to hit the perfect storm, and that's what's happened.

924
00:52:13,520 --> 00:52:16,800
Speaker 1: He's the ideal kind of Democratic candidate for this moment,

925
00:52:17,280 --> 00:52:20,960
Speaker 1: and you know, it's it's remarkable to have him that close.

926
00:52:21,160 --> 00:52:23,600
Speaker 1: And Lindsay Graham, I mean, someone who is you know,

927
00:52:23,920 --> 00:52:26,480
Speaker 1: it doesn't get more influential in this town than than

928
00:52:26,719 --> 00:52:30,240
Speaker 1: for a Republican senator. Maybe obviously McConnell, but but Graham

929
00:52:30,320 --> 00:52:34,200
Speaker 1: is such an influencer in Republican circles and such a

930
00:52:34,280 --> 00:52:39,560
Speaker 1: really remarkable Republican conservatism career going from of course the

931
00:52:39,640 --> 00:52:43,919
Speaker 1: Maverick and the Three Amigoes, remember that with the late

932
00:52:43,960 --> 00:52:51,880
Speaker 1: Senator McCain, and now of course uh and but but

933
00:52:51,880 --> 00:52:53,640
Speaker 1: but it is it is really going to be interesting

934
00:52:53,640 --> 00:52:56,040
Speaker 1: to see what happens. And and Brian, you know, just

935
00:52:56,120 --> 00:52:59,000
Speaker 1: to say this, I think if one thing I've learned

936
00:52:59,040 --> 00:53:02,799
Speaker 1: this year is just how influential South Carolina politics is

937
00:53:03,080 --> 00:53:04,960
Speaker 1: in this and and for the for the left and

938
00:53:05,120 --> 00:53:08,080
Speaker 1: the right. You know, you got Nicki Haley, Tim Scott,

939
00:53:08,520 --> 00:53:10,720
Speaker 1: and then of course you know what happened with Biden.

940
00:53:10,760 --> 00:53:13,240
Speaker 1: He was he was you know, got the nomination because

941
00:53:13,239 --> 00:53:18,440
Speaker 1: of South Carolina and so it's they're really powerful down there.

942
00:53:18,480 --> 00:53:22,640
Speaker 1: Brian Lanza. It's it's attracting more and more politicians and

943
00:53:22,760 --> 00:53:24,680
Speaker 1: we can see why I play such a more relavant

944
00:53:24,760 --> 00:53:27,840
Speaker 1: role as a kingmaker for Biden, and it is providing

945
00:53:27,880 --> 00:53:31,439
Speaker 1: a deep bench for the Republicans in four So it's

946
00:53:31,480 --> 00:53:33,920
Speaker 1: a it's a good thing. It's uh me as being

947
00:53:33,960 --> 00:53:35,800
Speaker 1: a California and I wish we had some more action

948
00:53:35,840 --> 00:53:39,560
Speaker 1: that from apublic Republicans coming out of California, but you

949
00:53:39,600 --> 00:53:43,279
Speaker 1: know where we're stuck with Kamala. We'll see how We'll

950
00:53:43,280 --> 00:53:45,719
Speaker 1: see how that works out. I just want to make

951
00:53:45,719 --> 00:53:47,520
Speaker 1: sure maybe when all this stuff opens up, I can

952
00:53:47,560 --> 00:53:49,960
Speaker 1: go back down to Charleston, because I gotta tell you, folks,

953
00:53:50,160 --> 00:53:51,759
Speaker 1: some of the best food I've ever eaten in my

954
00:53:51,920 --> 00:53:54,040
Speaker 1: entire life. And I'm a big foodie. I grew up

955
00:53:54,080 --> 00:53:56,560
Speaker 1: outside of Philly, and I love some of that barbecue.

956
00:53:56,600 --> 00:54:01,040
Speaker 1: Brian Lanza, what's on your radar? You know? I would say,

957
00:54:01,360 --> 00:54:03,560
Speaker 1: dare I say they're gonna there might be another recall

958
00:54:03,560 --> 00:54:08,080
Speaker 1: of the California governor buckle up. Yeah, it's it's it's

959
00:54:08,160 --> 00:54:11,760
Speaker 1: it's catching up steam. Uh there's there's conversation and finally

960
00:54:11,800 --> 00:54:14,920
Speaker 1: picking up money and the thing about recalls in California.

961
00:54:15,000 --> 00:54:16,560
Speaker 1: You know, you have COVID, you have the role, you

962
00:54:16,560 --> 00:54:18,880
Speaker 1: have the blackouts, you have the business community being upset,

963
00:54:19,280 --> 00:54:21,239
Speaker 1: and all it just takes is one big funder to

964
00:54:21,280 --> 00:54:24,400
Speaker 1: come in with a million two million bucks and you

965
00:54:24,400 --> 00:54:27,640
Speaker 1: can get it qualified. So I think Gavitt, I'm hearing

966
00:54:27,680 --> 00:54:29,480
Speaker 1: more pressure that money is starting to move towards That

967
00:54:29,560 --> 00:54:33,239
Speaker 1: I think is is he may have, you know, outstayed

968
00:54:33,280 --> 00:54:35,480
Speaker 1: his welcome, and if it starts to move forward, I

969
00:54:35,480 --> 00:54:37,799
Speaker 1: mean there's a lot of ambitious politicians there on the

970
00:54:37,800 --> 00:54:40,680
Speaker 1: Democratic side that will have no problem throwing him under

971
00:54:40,680 --> 00:54:44,080
Speaker 1: the bus. Wow, that's very interesting. Alright, final minute and

972
00:54:44,080 --> 00:54:46,600
Speaker 1: a half. I gotta ask. It's anniversary of one of

973
00:54:46,600 --> 00:54:51,120
Speaker 1: the best albums, probably ever uh in in American music history,

974
00:54:51,239 --> 00:54:54,440
Speaker 1: Born to Run by the legendary Bruce Springsteen. Brian Linza,

975
00:54:54,719 --> 00:54:58,600
Speaker 1: Ductor Neu. What is your favorite song off of Born

976
00:54:58,640 --> 00:55:04,640
Speaker 1: to Run? Sold this week? Brian Yeah, I gotta tell you,

977
00:55:04,680 --> 00:55:06,360
Speaker 1: nothing comes to mind on Born to Run. It was

978
00:55:08,400 --> 00:55:15,160
Speaker 1: wow Brian. Wow. Okay, Doug, Doug, you know I couldn't

979
00:55:15,239 --> 00:55:17,280
Speaker 1: name a song off that album I mean, I remember,

980
00:55:17,360 --> 00:55:19,640
Speaker 1: look at that, folks. I found them to agree. I

981
00:55:19,680 --> 00:55:22,200
Speaker 1: got them to agree. I got a Trump guy and

982
00:55:22,239 --> 00:55:24,799
Speaker 1: a demn guy to agree on something. They don't like

983
00:55:24,920 --> 00:55:27,640
Speaker 1: the boss. They don't like the boss. What is wrong

984
00:55:27,719 --> 00:55:30,560
Speaker 1: with no offense? Brian Doug, I'm very nice to guess.

985
00:55:30,600 --> 00:55:32,840
Speaker 1: I'm a host. You know, I've grown into being a

986
00:55:32,880 --> 00:55:35,560
Speaker 1: host and anchor. Right. We're taking her career in that direction.

987
00:55:35,760 --> 00:55:38,400
Speaker 1: But I I gotta be honest. I gotta throw some shade.

988
00:55:38,440 --> 00:55:41,120
Speaker 1: This is the greatest album of all time. Oh my

989
00:55:41,200 --> 00:55:43,719
Speaker 1: Goshunner Road, do we have thunder Road? Do we have

990
00:55:43,760 --> 00:55:46,160
Speaker 1: any Bruce to take us out? Remember, folks, you can

991
00:55:46,239 --> 00:55:49,520
Speaker 1: listen to our simulcast on Bloomberg Television and Radio tonight,

992
00:55:49,880 --> 00:55:53,120
Speaker 1: led by David West and Doug Brian. Thank you so

993
00:55:53,200 --> 00:55:56,120
Speaker 1: much for spending time. Seriously, thank you gentlemen for for

994
00:55:56,200 --> 00:55:59,040
Speaker 1: joining me. Uh and download the Bloomberg Sound on podcasts,

995
00:55:59,040 --> 00:56:01,480
Speaker 1: on Apple iTunes, up Bomberg dot com, or by downloading

996
00:56:01,640 --> 00:56:03,520
Speaker 1: the Bloomberg Business App. You can also find me on

997
00:56:03,640 --> 00:56:06,520
Speaker 1: Radio dot com, I Heart Radio, and Spotify. I'm headed

998
00:56:06,560 --> 00:56:10,279
Speaker 1: to the White House, Pence Night. You're listening to Bloomberg

999
00:56:11,840 --> 00:56:48,239
Speaker 1: one h