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Speaker 1: Live from Our Nation, All Talk here in Washington, d C.

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Speaker 1: Turns to President elect Joe Biden's administration, Historically speaking, the

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

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

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Speaker 1: Bloomberg Sound On, the Insiders, the influencers, the inside. Biden

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Speaker 1: has Thomas again and again it he will unite the

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Speaker 1: country's state government's control elections US in the constitution. I

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

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

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Speaker 1: Woman and one OHD two Elect Joe Biden's Scoff's a

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Speaker 1: President Trump's refusal to concede as a quote unquote embarrassment. Meanwhile,

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Speaker 1: tech stocks lead the markets, clients after a big rally,

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Speaker 1: as Covid roars back in U S Cities after months

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Speaker 1: of a rural problem. Lots to get through All Star panel.

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Speaker 1: Plus it's our executive producer's birthday, Happy bird Day, Christine.

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Speaker 1: I won't eat during the segments. A lot to get through.

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Speaker 1: As President elect Joe Biden said Donald Trump's refusal to

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Speaker 1: accept the result of the election was an embarrassment that

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Speaker 1: will stay in his White House legacy. In his first

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Speaker 1: news conference as president elect, he said he was moving

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Speaker 1: forward regardless of Republican legal challenges and Trump's refusal to

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Speaker 1: allow his administration to cooperate in the smooth transition power. Meanwhile, uh,

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Speaker 1: he says, quote, I just think it's an embarrassment, quite frankly. Uh.

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Speaker 1: He spoke to reporters in Wilmington, Delaware. Um, and I

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Speaker 1: believe our uh Maroufal on the soundboard says that he

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Speaker 1: has a Biden thought. Let's take a listen to some

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Speaker 1: of what President elect Joe Biden told reporters earlier today.

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Speaker 1: The fact that they're not willing to acknowledge we want

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Speaker 1: at this point is not a much consequence in our

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Speaker 1: planning and what we're able to do between now in January.

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Speaker 1: So there you have it. We're gonna have much more

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Speaker 1: of this continuing coverage throughout the next hour and a half.

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Speaker 1: But that's the big story tonight. That's the biggest story

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Speaker 1: that we have. Um So I wanted to make sure

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Speaker 1: that I hit that at the top of the show.

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Speaker 1: Joining me now on another big story is Greg store Bloomberg,

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Speaker 1: Supreme Court reporter he is also following, uh, the Affordable

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Speaker 1: Care Act court case that started today because Justices Kavanaan

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Speaker 1: Roberts signaled that there was an inclination to keep Obamacare alive. Greg,

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Speaker 1: help me make two because these conservative judges, I wasn't

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Speaker 1: expecting this were others. Greg. Yeah, yeah, those two justices

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Speaker 1: in particular, in the past have indicated even if they

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Speaker 1: see a constitutional flaw in a statute, they're not inclined

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Speaker 1: to throughout the entire thing. That's the key key issue

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Speaker 1: here in this Obamacare cave. Uh. Their questions today strongly

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Speaker 1: suggested they view this law like they have viewed other

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Speaker 1: laws in the past, and there will be at least

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Speaker 1: five votes to uphold the core of Obamacare. So what's

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Speaker 1: their um what? What? What's their argument? The argument is basically,

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Speaker 1: this this case is all about that individual mandate that

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Speaker 1: we've been talking about for years. That was the issue

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Speaker 1: at the core of the at the Supreme Court, at

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Speaker 1: this thing that makes you that requires people to have insurance. UM.

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Speaker 1: Back in the court uphold that thing. It was constitutional

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Speaker 1: because it had a tax penalty attached to it, and

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Speaker 1: and uh, therefore it was within Congress's taxing power. Well,

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Speaker 1: then the Republican Congress took out the tax penalty, knocked

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Speaker 1: it down to zero. And the question is is the

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Speaker 1: individual mandates still constitutional? And if it's not, does that

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Speaker 1: mean the whole law should be struck down? And um. Essentially,

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Speaker 1: what Roberts and Kavanaugh said is, we have a presumption

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Speaker 1: here that we do not throw out an entire statute

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Speaker 1: unless it's abundantly clear that the rest of it can

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Speaker 1: operate independently without the provision that's being thrown out. And uh,

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Speaker 1: you know, they they suggested that's what we see happening

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Speaker 1: here in the Affordable Care Act, and so we're not

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Speaker 1: going to throughout the entire law. Great stories with us,

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Speaker 1: he is Bloomberg Supreme Court reporter. Let's take a listen

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Speaker 1: to what Chief Justice John Roberts had to say about

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Speaker 1: this case earlier. So I hear he is, it's hard

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Speaker 1: for you to argue that Congress um intended the entire

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Speaker 1: Act of fall it's a mandate. We're struck down when

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Speaker 1: the same Congress that lowered the penalty to zero, uh,

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Speaker 1: did not even try to repeal the rest of the Act.

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Speaker 1: I think, frankly that they wanted the court to do

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Speaker 1: that but that's not our job. So, um, Greg and

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Speaker 1: I say this respectfully, So what's it looks like? Then

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Speaker 1: lawmakers and policymakers won't have to scramble to pass legislation

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Speaker 1: or to fix a policy in case it was struck down.

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Speaker 1: That's right. Um, that's a big that's a big deal

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Speaker 1: for for millions of Americans all over the country. Absolutely

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Speaker 1: is a big deal. You know, Obamacare means insurance for

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Speaker 1: about twenty million people and means that people who have

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Speaker 1: pre existing conditions are are protected. It means that uh,

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Speaker 1: these exchanges where you can buy policies or stay intact. Um.

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Speaker 1: It means that children can see in their parents health

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Speaker 1: insurance to the age of an awful lot of provisions

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Speaker 1: beyond the individual mandate, beyond the thing that was being

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Speaker 1: directly challenged in this case. And uh it appears that

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Speaker 1: all those will will remain intact. So specifically, as a

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Speaker 1: broader step, and I know this this might be Uh,

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Speaker 1: I want to be blunt here from a broader standpoint,

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Speaker 1: the fact that Justices Kavanaugh and Roberts have essentially not

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Speaker 1: shut down Obamacare, what signal does that send to to

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Speaker 1: conservatives who might be thinking that this court is going

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Speaker 1: to be tilted heavily conservative for for decades to come.

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Speaker 1: Because this, too many conservatives would be a surprise. Well,

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Speaker 1: it's still gonna be very conservative court. It might just

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Speaker 1: mean that this particular case, this particular argument just went

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Speaker 1: too far. Um. I don't know that what the Court

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Speaker 1: does in this case, if anything about what it's going

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Speaker 1: to do on abortion or the Second Amendment or any

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Speaker 1: or uh, you know, federal administrative law or any other

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Speaker 1: of the many, many big issues that are going to

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Speaker 1: come before the Court over the next few years. With

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Speaker 1: Amy Cooney Barrett on the court, Uh, this is still

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Speaker 1: a very strongly conservative court. And UM, I wouldn't generalize

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Speaker 1: too far just on the base on this one case,

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Speaker 1: pre conservatives, if this is struck or if this is maintained,

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Speaker 1: pre conservatives bring about another case to challenge the Affordable

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Speaker 1: Care Act. Why, I don't want to ever say never. Um.

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Speaker 1: You know, Uh, the cases that have come to come

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Speaker 1: up to the Supreme Court before tended to be one

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Speaker 1: that we didn't think, we're many of us didn't imagine beforehand.

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Speaker 1: But the opponents have proven both creative and resourceful at

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Speaker 1: getting judges to agree with them at least at least

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Speaker 1: to some degree. So, UM, I don't know of any

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Speaker 1: other big challenges in the offering, but that doesn't mean

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Speaker 1: there won't be. So. Meanwhile, in addition to that, Greg

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Speaker 1: Stor Bloomberg Supreme Court reporter, Uh, there's been a lot

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Speaker 1: of talk about Supreme Court cases relating to the election.

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Speaker 1: What is your reporting gleaned about how scotus is potentially

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Speaker 1: preparing for some legal battles as it relates to the election.

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Speaker 1: And we're going to talk about that, folks, much more

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Speaker 1: coming up later on throughout the program. Well, right now,

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Speaker 1: the courts trying to is trying to lay low or

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Speaker 1: that that's the indication. There is this case that's been

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Speaker 1: up there and there are a couple of little skirmishes

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Speaker 1: going on. It's the one out of Pennsylvania involving whether

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Speaker 1: the deadline for accepting uh mail ballots could have been

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Speaker 1: extended was properly extended to three days after the election. Uh,

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Speaker 1: there is a Republican challenge that the thing is though

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Speaker 1: that's only you know, less than ten thousand votes or so,

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Speaker 1: and these are these are ballots that have not yet

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Speaker 1: been counted. Joe Biden leads at last checked by something

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Speaker 1: like forty votes in that case. So even if the

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Speaker 1: Court were to to say that the Pennsylvania Supreme Court

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Speaker 1: was wrong to extend that dead line and none of

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Speaker 1: those ballots should count, it wouldn't be anywhere near enough

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Speaker 1: to to overturn the results of the election. So right now,

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Speaker 1: there is no issue that is close to the Supreme

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Speaker 1: Court that seems like it has the potential to to

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Speaker 1: make any difference. Are your sources worried about having to

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Speaker 1: to have a two thousand bush feet gore scenario? And

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Speaker 1: what I mean by that? Are they apprehensive? Do they

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Speaker 1: even want it to get to the Supreme Court? It

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Speaker 1: depends on which side we're talking we're talking about. I

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Speaker 1: think the people I'm talking to do not expect it

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Speaker 1: to get there. I mean bush they don't see that's huge.

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Speaker 1: And I want to interrupt here because Greg stories with us.

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Speaker 1: He's the Bloomberg Supreme Court reporter, the best in the biz,

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Speaker 1: I mean always. I had an out front the fact

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Speaker 1: that he just said that, I would have bold that, tweeted,

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Speaker 1: underline it, push it out. His sources do not expect

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Speaker 1: that it's going to get to the Supreme Court. Wow,

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Speaker 1: I mean that's go ahead. I mean, but come in here,

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Speaker 1: because the presidentiary election campaign are saying that they do

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Speaker 1: think it's going to get to the Supreme Court, and

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Speaker 1: Republicans are thinking that there might be a case all

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Speaker 1: the way up to the Supreme Court. But go ahead, well, Kevin,

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Speaker 1: the keyword in there is it? What is it? Exactly?

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Speaker 1: Overturn the results of the election. Now, you know, everybody

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Speaker 1: is is always thinking about two thousand and Bush v. Gore,

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Speaker 1: and that was the case where you had one state

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Speaker 1: that made the difference, Florida, and you had a certified

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Speaker 1: result that was five seven votes different. Well, we're talking

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Speaker 1: in all these states both about many many more votes

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Speaker 1: than that, tens of thousands of votes UM and uh.

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Speaker 1: Donald Trump would have to overturn multiple state results to

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Speaker 1: to uh to keep the presidency. And there's just no

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Speaker 1: legal case out there right now that has shown to

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Speaker 1: have anything close to the potential to overturn the result,

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Speaker 1: and even one state must much less more. Greg Store,

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Speaker 1: you always know how to make an incredibly complicated issue

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Speaker 1: very simple. And what you just said, what is it?

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Speaker 1: I think that's the question that US reporters have been

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Speaker 1: asking and that Republicans even have been asking in my

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Speaker 1: In my world, the politicians have been asking what is it?

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Speaker 1: Greg Store Bloomberg, Supreme Court reporter, Thanks so much for

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Speaker 1: stopping in with us, and coming up next we check

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Speaker 1: in on the economy and COVID. I'm Kevin SURRELI you're

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Speaker 1: listening to Bloomberg. What's it? I'm that why all talk

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Speaker 1: here in Washington, d C. Turns to President elect Joe

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Speaker 1: Biden's administration. Historically speaking, the markets have performed better when

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Speaker 1: there is divided government. The biggest pressure for physical stimulus

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Speaker 1: is an up taking cases. Bloomberg sound Off the insiders

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Speaker 1: Thomas again and again it he will be unite the

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Speaker 1: country's see government control elections. Just in the complications, I

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

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Speaker 1: is Bloomberg Sound On with Kevin Slett on Bloomberg. President

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Speaker 1: Trump says he won't concede as President elect Joe Biden.

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Speaker 1: Scott said Trump's refusal to not to not concede as

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Speaker 1: as an embarrassment. The latest on the political front, plus

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Speaker 1: more from Senate Majority Leader Mitch McConnell, who again spoke

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Speaker 1: today on the Senate floor. All of that as the

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Speaker 1: Affordable Care Act remains intact as two judges Conservative judges

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Speaker 1: signal that they are willing to keep it lots to

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Speaker 1: get through. On a very busy newsday, President elect Joe

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Speaker 1: Biden said Donald Trump's refusal to accept the result of

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Speaker 1: the election was an embarrassment that will stay in his

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Speaker 1: White House legacy. The President elect spoke to reporters earlier

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Speaker 1: today in Wilmington, Delaware. Take a listen to what he said.

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Speaker 1: The fact that they're not willing to acknowledge we wanted

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Speaker 1: this point is not a much cont quenching our planning

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Speaker 1: and what we're able to do between now in January. Meanwhile,

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Speaker 1: Senate Majority Leader Mitch McConnell, Republican from Kentucky, spoke about

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Speaker 1: President Trump's refusal to concede the presidential race as well

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Speaker 1: as to start, and he said that he urged folks

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Speaker 1: to stop making baseless allegations of voting fraud. Take a

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Speaker 1: listen to what he said earlier today. I don't think

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Speaker 1: anything that's occurred so far interrupts an ordinary process of

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Speaker 1: moving through the various steps that I indicated and allowing

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Speaker 1: if there is a new administration it too work through

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Speaker 1: the transition. All of these stuffs will be taken at

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Speaker 1: the appropriate time. Senator Dick Derman, a Democrat from Illinois,

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Speaker 1: called it inexcusable. What he did yesterday is unprecedented and unforgivable.

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Speaker 1: The notion that the Department of Justice is going to

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Speaker 1: interfere in the election process before the president leaves, to

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Speaker 1: me is just an excuseable that comes upon news that

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Speaker 1: Attorney General Bill Barr will someday soon quote uh continue

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Speaker 1: to to move through the process of the president's allegations.

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Speaker 1: And Secretary of State Mike Pompeo was asked about all

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Speaker 1: of this at a briefing earlier today at the State's Department.

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Speaker 1: Here is Secretary of Pompeo. I'm getting calls from all

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Speaker 1: across the world. These people are watching our election. They

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Speaker 1: understand that we have a legal process. They understand that

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Speaker 1: this takes time. Right took us thirty seven plus days

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Speaker 1: in an election back in two thousand, So that's what

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Speaker 1: everyone was talking about through from Wilmington to Washington. Joining

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Speaker 1: us now to talk about the reaction from everyone else

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Speaker 1: inside of the belt Way. Emily Tish Emily Tish Sussman,

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Speaker 1: host of Your Presidential Playlist podcast, a Democratic strategist, former

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Speaker 1: VP of Campaigns for the Center for American Progress, and

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Speaker 1: William McGinley, principal at the Vocal Group, former White House

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Speaker 1: Cabinet secretary and former Deputy Council at the Republic National Committee.

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Speaker 1: Bill McGinley, let's start with you. Does this do anything

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Speaker 1: at all two to shake up the issue of a transition?

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Speaker 1: Should uh we get to January? No? I think you know,

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Speaker 1: in terms of timing, we're still pretty early in the process.

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Speaker 1: A lot of these states are still going through their

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Speaker 1: initial canvas and completing the counts UM. As it was

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Speaker 1: referenced earlier in some of the segments that you said

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Speaker 1: it was multiple weeks during two thousand the Florida recount.

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Speaker 1: We're not even at the recount phase here in a

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Speaker 1: lot of these states, UM, and we need to see

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Speaker 1: what the final numbers look like. UM. In terms of

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Speaker 1: the transition, remember from two thousand, it wasn't until December fourteenth,

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Speaker 1: the day after al Gore called then Governor bush Uh

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Speaker 1: to formally concede. And so the date that I'm focused

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Speaker 1: on is December eight for the Electoral College. That is

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Speaker 1: the date that the states can do their certificates of

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Speaker 1: entertainment which identifies the slate of electors selected from each

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Speaker 1: of the states where federal law is going to give

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Speaker 1: them the presumption of conclusiveness. So in terms of timing, UM,

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Speaker 1: we're still pretty early in the process. The president does

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Speaker 1: have the right to pursue his legal means. Remember, there

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Speaker 1: were recounts going after the election, uh four weeks and

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Speaker 1: I think almost a month um after the following at

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Speaker 1: not unusual for them. It was over likes votes. This

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Speaker 1: is like ten thou votes and there isn't a lawsuit

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Speaker 1: or an affidavit that clearly articulates what the position is.

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Speaker 1: And I hear that from I mean, I'm hearing from

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Speaker 1: members of Kevin. I agree with you. What the president's

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Speaker 1: team needs to do now is they need to come forward,

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Speaker 1: UM with the evidence that's going to support a legal

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Speaker 1: action that has the potential to overturn the results of

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Speaker 1: the election on one of these states. UM. Right now,

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Speaker 1: we've had a lot of lawsuits that have been filed. UM.

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Speaker 1: So far they've uniformly been dismissed. But we're waiting to

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Speaker 1: see what the results of the lawsuits that were filed

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Speaker 1: this week. UM. I think you know we're gonna know

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Speaker 1: pretty soon, and my guess is it's either going to

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Speaker 1: be this week or early next week, when they've exhausted

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Speaker 1: some of their legal remedies for this stage of the

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Speaker 1: count after the election and assessments with us. She, of course,

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Speaker 1: is a Democratic strategist, you know. It's it appears, Emily

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Speaker 1: that the Biden transition team and the president electors are

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Speaker 1: continuing to move through their proceeds as it relates to

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Speaker 1: the transition. Earlier today, of course, they announced their transitional

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Speaker 1: landing teams, a list of policy advisors for each of

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Speaker 1: the various agencies and departments, but they also are having

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Speaker 1: their lawyers begin to prepare for for a legal battle.

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Speaker 1: On the one hand, they're in there between a rock

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Speaker 1: and heart place. They can't roll over and allow the

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Speaker 1: legal proceeds things and not take them seriously. But on

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Speaker 1: the other hand, they also have to to navigate through

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Speaker 1: a presidential transition. Well, I mean, it's not that a

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Speaker 1: hard place that they're between, right Like, they can Biden

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Speaker 1: President elect Biden, the transition team can keep moving the

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Speaker 1: way they've been preparing over the last couple of months.

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Speaker 1: What they announced today is a series of groups of

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Speaker 1: people that are going to examine each department and subdepartments

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Speaker 1: and look at what policies they have, their what procedures

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Speaker 1: are there, so basically getting them ready to move forward.

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Speaker 1: The reason that it matters that they are mounting a

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Speaker 1: legal battle against these basically frivolous claims. I mean, I Kllie,

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Speaker 1: I really appreciate that you're trying to frameless is sort

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Speaker 1: of normal the Republican challenges, but we essentially just describe

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Speaker 1: like plaintiff hunting, like ambulance chasing, right like looking for

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Speaker 1: plaintiffs to match the President's claims which are baseless and

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Speaker 1: they can't find them. But so the reason that it matters,

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Speaker 1: and the reason that that President elect Biden is trying

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Speaker 1: to consider mounting a legal challenge against is because they

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Speaker 1: actually need the g s A and the government um

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Speaker 1: the Government office to say the transition can start, to

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Speaker 1: allow the government to start, so that the people who

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Speaker 1: are currently in the jobs in the government can start

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Speaker 1: talking to the transition team and that look that can

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Speaker 1: be things like national security, like having the President elect

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Speaker 1: start to begin to get those national security briefings every day,

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Speaker 1: which has traditionally been done. But it also just means

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Speaker 1: things like what's the password? Right? Like I can just

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Speaker 1: get them started moving so that the day that the

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Speaker 1: new president starts with President Lex Biden starts on day one,

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Speaker 1: he could hit the ground running. We know they are

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Speaker 1: going to be challenged. I mean, look, he is taking

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Speaker 1: over along the while this time we can possibly imagine

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Speaker 1: we don't want him to hit the ground running. I

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Speaker 1: think the thing that's been most telling here is that

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Speaker 1: there's tons of reporting out of the White House about

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Speaker 1: how the president really doesn't it's just not in his nature.

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Speaker 1: He doesn't know how to concede um. And so he's

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Speaker 1: looking for claims to max the fact that there must

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Speaker 1: have been fraud and that people uh didn't just democratically

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Speaker 1: vote him out. Um. But I think the thing that

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Speaker 1: we should really look to is to see what we're

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Speaker 1: seeing now is who's going to stand behind him? The

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Speaker 1: thing that has been that has really marked his presidency

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Speaker 1: and the way that Washington has worked loyalty to him,

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Speaker 1: loyalty to him and paid McConnell's doing it. And who

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Speaker 1: else is gonna follow him? We don't know well. And

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Speaker 1: and coming up we're gonna dive into some of the

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Speaker 1: reporting I did today about the calculations that that both

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Speaker 1: sides are making here and and it's really could come

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Speaker 1: down to Georgia. I think Georgia. George is on their

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Speaker 1: mind for for for Chuck Schumer and Leader McConnell, I'm

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Speaker 1: Kevin Sireli. We'll talk about Georgia coming up next. You're

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Speaker 1: listening to Wimberg Society just using novel tricks that you

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Speaker 1: used on me. You're my fashion magazine, the closure weathering

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Speaker 1: that cos George. I'm Kevin Cirelli. George, I'm the chief

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Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio. George

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Speaker 1: is on my mind. Ray Charles, Georgia on my mind.

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Speaker 1: Such a great song, it really does, just such a

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Speaker 1: great Bob Georgia runoff elections January five, and a lot

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Speaker 1: at stake. This could actually be the fate of the Senate.

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Speaker 1: It will be an earlier today. We should note that

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Speaker 1: Senator Tom Tillis, a Republican from North Carolina, was one

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Speaker 1: the North Carolina race and his challenger Cal Cunningham UH

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Speaker 1: conceded to the Senator Tillis. So Republicans inching their way

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Speaker 1: closer to a Republican Senate. But it all comes down

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Speaker 1: to Georgia and the runoff election were Senator David Purdue,

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Speaker 1: the incumbent, is up against John Assaf the Democratic challenger,

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Speaker 1: in one election, and then in this other UH runoff election,

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Speaker 1: Senator Kelly Leffler is up against Raphael Warnock UH in

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Speaker 1: that special election for the Senate. It's gonna be remarkable.

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Speaker 1: And the reason I bring it up is because it

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Speaker 1: does have a lot to do with the conversation here

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Speaker 1: in Washington, d C. At least that's according to some

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Speaker 1: of the conservative and to some extent Democratic sources that

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Speaker 1: I've been talking with over the last couple of days.

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Speaker 1: What they tell me is that Republicans need the conservative

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Speaker 1: base to turn out the vote in Georgia on January five.

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Speaker 1: Senate Majority Leader Mitch McConnell needs the Republican base to

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Speaker 1: show up in Georgia to secure a Republican Senate majority.

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Speaker 1: And as a result of that, this issue with President Trump,

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Speaker 1: the Republicans do not want to do anything to alienate

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Speaker 1: the Republican base in a state like Georgia. And so

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Speaker 1: that's why you've seen Senate Majority Leader Mitch McConnell really

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Speaker 1: talk about UH letting the process play out, whatever that

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Speaker 1: process is. Quite frankly, many of the Republicans who are

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Speaker 1: raising these issues with me also don't know specifically what

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Speaker 1: President Trump is pointing to when he makes I guess

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Speaker 1: you could call them allegations, but there there's nothing to

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Speaker 1: even discuss because there's no concrete affidavit or court filing

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Speaker 1: in front of reporters or even lawmakers to discuss this.

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Speaker 1: With that said, I want to welcome back to the

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Speaker 1: program Emily Tish Susman, who of course is a Democratic strategist.

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Speaker 1: Bill McGinley, principal principal at the Vocal Group and the

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Speaker 1: former Deputy Council at the r n C. Bill Georgia

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Speaker 1: has a lot at stake here for for Republicans in

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Speaker 1: the Senate. Yes, I mean Georgia has become the center

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Speaker 1: of the political universe. I mean at the same time

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Speaker 1: that you're going to have to Senate runoff elections. Uh,

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Speaker 1: it looks like you're also going to have a presidential

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Speaker 1: recount being conducted in the state at the same time. Uh.

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Speaker 1: The January five runoff elections for both seats are really

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Speaker 1: going to turn on the turnout operations for both parties.

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Speaker 1: Um Stacy Abrahams and everything that she did on the

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Speaker 1: Democratic side, she deserves a lot of credit. They they

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Speaker 1: increased quite a bit. But you also need to hand

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Speaker 1: it to the Republicans UM during the election day, especially

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Speaker 1: in Florida, and it's built over into Georgia a bit,

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Speaker 1: which was increasing Republican votes both in the Hispanic and

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Speaker 1: African American communities, UM and working class Americans. I think

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Speaker 1: you're gonna see everybody from the Senate who has uh

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Speaker 1: concluded their elections will be down in Georgia trying to

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Speaker 1: gin up to get out the vote Operation UM, including

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Speaker 1: a lot of people from the presidential campaign both monitor

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Speaker 1: the recount down there, but also to make sure that

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Speaker 1: the president's supporters are going to turn out for both

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Speaker 1: of these Republican candidates. Emily, Georgia, is Georgia on your mind? Uh?

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Speaker 1: Georgia is on everyone's mind. I really I love that

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Speaker 1: you started with this song. It'll help it. I told

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Speaker 1: bels and our executive producer whose birthday it is, Christine Barrada,

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Speaker 1: Happy b day, Christine Barrata. Uh, I said, we gotta

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Speaker 1: have rayed Charles. How can you talk about Georgia without

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Speaker 1: playing Ray Charles? Go ahead and I'm getting off. You

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Speaker 1: have to have it on. And I also feel like

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Speaker 1: the parlas the song is so great is that it's

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Speaker 1: hard to underscore I think for people who are outside

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Speaker 1: of Washington, how much it is on everyone's mind. I

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Speaker 1: mean from like from the difference between the beginning of

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Speaker 1: the Obama administration at the beginning of the Trump administration

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Speaker 1: to the mid terms, and what they were able to

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Speaker 1: do has everything to do with who was in control

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Speaker 1: of the Senate, who was in control of the House

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Speaker 1: in the Senate, and so if Biden is able to

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Speaker 1: go in as the president with a democratically controlled House,

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Speaker 1: a democratically controlled Senate, that is a world of difference

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Speaker 1: that having to negotiate with a Republican controlled Senate who

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Speaker 1: feel like they look at this is not new, this

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Speaker 1: is the last couple of years that they argue, even

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Speaker 1: since twite ten, since the rise of the Tea Party.

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Speaker 1: But like dig in, dig and dig in no place

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Speaker 1: for compromise. That is a world of difference. Okay, not

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Speaker 1: that's about what bills can get past, but it's also

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Speaker 1: about well it's totally true, and and and the type

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Speaker 1: of cabinet arguably that UH President elect Biden can kind

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Speaker 1: a point, but to this point, and I mean, listen,

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Speaker 1: I'm just gonna report with the general zeitgeist is in Washington,

431
00:25:22,640 --> 00:25:24,760
Speaker 1: d C. It's not an assessment of whether or not

432
00:25:24,800 --> 00:25:27,480
Speaker 1: I agree with it. But the assessment from Republicans is

433
00:25:27,520 --> 00:25:29,639
Speaker 1: that they are well positioned to take back the House

434
00:25:29,960 --> 00:25:33,000
Speaker 1: or to make massive gains in two They feel that

435
00:25:33,040 --> 00:25:35,399
Speaker 1: they are on the cusp of a resurgence of the

436
00:25:35,440 --> 00:25:38,879
Speaker 1: economic that forces that drove the Tea Party back in

437
00:25:38,880 --> 00:25:41,720
Speaker 1: two thousand and eight. So Emily, I mean, I say

438
00:25:41,760 --> 00:25:44,480
Speaker 1: this to you, but those same Republicans who are saying

439
00:25:44,520 --> 00:25:47,000
Speaker 1: that the president not conceding could be a political asset

440
00:25:47,040 --> 00:25:49,840
Speaker 1: in the January fifth runoff in Georgia, could it also

441
00:25:49,880 --> 00:25:52,840
Speaker 1: have the reverse effect on the left and motivate people

442
00:25:53,240 --> 00:25:55,199
Speaker 1: on the progressive left to show up to try to

443
00:25:55,240 --> 00:25:59,000
Speaker 1: deliver two folks who maybe they're progressive, but they're definitely

444
00:25:59,040 --> 00:26:02,560
Speaker 1: not democratic social They're not even running us such right. Look,

445
00:26:02,640 --> 00:26:05,439
Speaker 1: people vote because either because one they're inspired or too

446
00:26:05,480 --> 00:26:07,680
Speaker 1: they're afraid, and you know why they vot more when

447
00:26:07,720 --> 00:26:10,400
Speaker 1: they're afraid. And so these people think that they are

448
00:26:10,440 --> 00:26:13,160
Speaker 1: going to they are going to be faced with with

449
00:26:13,560 --> 00:26:18,640
Speaker 1: the possibility of more Republicans in converence and the limitation

450
00:26:18,920 --> 00:26:22,080
Speaker 1: of a new president Biden to be able to enact

451
00:26:22,119 --> 00:26:25,040
Speaker 1: anything that looks like progressive agendas. They are going to

452
00:26:25,080 --> 00:26:26,800
Speaker 1: turn out and they are going to stay committed. I

453
00:26:26,840 --> 00:26:28,959
Speaker 1: think that the less immediately was like a little bit

454
00:26:29,000 --> 00:26:30,800
Speaker 1: excited to start eating our own as we so much

455
00:26:30,840 --> 00:26:33,680
Speaker 1: love to do. But then I think it, look, we

456
00:26:33,720 --> 00:26:35,479
Speaker 1: can't help it's in our day share. But I think

457
00:26:35,520 --> 00:26:39,240
Speaker 1: this refocus on Georgia will actually really um align the

458
00:26:39,320 --> 00:26:44,080
Speaker 1: left again on on priorities. Yeah, I was just gonna say,

459
00:26:44,080 --> 00:26:46,080
Speaker 1: I think that the flip side of the fear coin

460
00:26:46,640 --> 00:26:48,720
Speaker 1: that my colleague just talked about really as a motivator

461
00:26:48,760 --> 00:26:52,160
Speaker 1: for the Republicans to be the check on a Biden presidency.

462
00:26:52,600 --> 00:26:55,679
Speaker 1: And so you know, right, So, in other words, some

463
00:26:55,720 --> 00:26:57,440
Speaker 1: of the arguments that you're going to hear down in

464
00:26:57,480 --> 00:27:01,000
Speaker 1: Georgia on the Republican side is we can't give the

465
00:27:01,040 --> 00:27:03,840
Speaker 1: federal government over to the Democrats with unchecked power both

466
00:27:03,840 --> 00:27:06,040
Speaker 1: in the Senate, the House, and the executive branch. We

467
00:27:06,119 --> 00:27:07,879
Speaker 1: need to have a check and that check is going

468
00:27:07,920 --> 00:27:10,359
Speaker 1: to be the United States Senate. For all the reasons

469
00:27:10,400 --> 00:27:14,919
Speaker 1: that my colleague said whether it's gonna be legislation, cabinet confirmations,

470
00:27:15,000 --> 00:27:17,240
Speaker 1: or or some of the lower level positions, not only

471
00:27:17,280 --> 00:27:20,399
Speaker 1: the judicial ones. And so you know what's interesting is

472
00:27:21,000 --> 00:27:23,560
Speaker 1: all the reporting that came out of the Democratic House

473
00:27:24,280 --> 00:27:28,400
Speaker 1: UH Caucus conference call um and how there was deep

474
00:27:28,520 --> 00:27:31,840
Speaker 1: divisions between some of the more moderate members and some

475
00:27:31,960 --> 00:27:35,159
Speaker 1: of the more progressive members in finger pointing as to

476
00:27:35,200 --> 00:27:38,800
Speaker 1: why they didn't get better. And Uh, stay right there,

477
00:27:38,840 --> 00:27:40,640
Speaker 1: because i want to get what's on your radar. I'm

478
00:27:40,640 --> 00:27:44,160
Speaker 1: gonna coin this. It's the political two point conversion right

479
00:27:44,160 --> 00:27:46,600
Speaker 1: there down in Georgia. I'm Kevin Sirelli. You're listening to

480
00:27:46,640 --> 00:27:54,840
Speaker 1: Bloomberg nine nine one. You're listening to Bloomberg Sound on

481
00:27:54,960 --> 00:27:59,280
Speaker 1: with kevin'silate on Bloomberg and one or five point seven

482
00:27:59,359 --> 00:28:03,560
Speaker 1: f M HD too. I'm Kevin Cirilli, Chief Auhington correspondent

483
00:28:03,640 --> 00:28:09,720
Speaker 1: for Bloomberg Television and for Bloomberg Radio. This fiser vaccination

484
00:28:09,760 --> 00:28:13,440
Speaker 1: news continuing to reverberate, not just on the policy front,

485
00:28:13,600 --> 00:28:16,280
Speaker 1: but also on the investor front. It was about the

486
00:28:16,280 --> 00:28:18,919
Speaker 1: fall news in the Wall Street Journal as well as

487
00:28:18,920 --> 00:28:23,160
Speaker 1: Bloomberg dot Com. The Wall Street Journal h headline quote

488
00:28:23,160 --> 00:28:26,560
Speaker 1: clinical trial and election results sends stocks on a wild ride.

489
00:28:26,800 --> 00:28:30,719
Speaker 1: Headline in the FT COVID vaccine breaks breakthrough, brings boost

490
00:28:30,720 --> 00:28:33,680
Speaker 1: to battered global markets. And all of this comes as

491
00:28:33,760 --> 00:28:38,040
Speaker 1: Eli Lily announces that they've got a coronavirus antibody therapy

492
00:28:38,120 --> 00:28:42,960
Speaker 1: that was granted emergency use authorization in the United States

493
00:28:43,480 --> 00:28:47,320
Speaker 1: earlier today. My colleagues Tom Keene, Jonathan Farrow, and Lisa

494
00:28:47,360 --> 00:28:50,720
Speaker 1: Brandow it's caught up with Eli Lily CEO David Ricks

495
00:28:50,760 --> 00:28:54,760
Speaker 1: to talk about it. Take a listen. We'll still need

496
00:28:54,840 --> 00:28:58,320
Speaker 1: medicines like our antibody therapy to help those that will

497
00:28:58,320 --> 00:29:01,040
Speaker 1: still get sick, hopefully in a much lower rate as

498
00:29:01,080 --> 00:29:05,000
Speaker 1: we approach something like herd immunity, but you'll still have

499
00:29:05,080 --> 00:29:09,120
Speaker 1: endemic disease and we'll need therapies we have. There's many

500
00:29:09,160 --> 00:29:12,560
Speaker 1: examples where this is true, including common respiratory viruses like

501
00:29:12,680 --> 00:29:17,600
Speaker 1: RSV earlier today as well on the Bloomberg terminal, Bloomberg

502
00:29:17,680 --> 00:29:20,880
Speaker 1: Opinion wrote and Max Neeson in particular, who covers the

503
00:29:20,880 --> 00:29:25,080
Speaker 1: pharmaceutical industry for Bloomberg Opinion, he answered questions and in

504
00:29:25,080 --> 00:29:27,880
Speaker 1: a really important column on Bloomberg Opinion, it was a

505
00:29:27,960 --> 00:29:31,920
Speaker 1: Q and A format about how Fiser won the most

506
00:29:31,960 --> 00:29:34,880
Speaker 1: watch race in the world announcing that it's COVID nineteen

507
00:29:35,000 --> 00:29:39,560
Speaker 1: vaccine was more than effective in a large trial. Max,

508
00:29:39,560 --> 00:29:42,160
Speaker 1: the headline of your piece, did Fightser play politics with

509
00:29:42,240 --> 00:29:46,240
Speaker 1: its vaccine news? Some Republicans think the answer is yes, Max,

510
00:29:46,360 --> 00:29:50,320
Speaker 1: What do we know? Well, I think that that the

511
00:29:50,360 --> 00:29:54,320
Speaker 1: answer is no. It's something that there just simply isn't

512
00:29:54,360 --> 00:29:58,120
Speaker 1: any evidence that there was some sort of political motivation

513
00:29:58,360 --> 00:30:02,880
Speaker 1: or or deliberate for to delay the vaccine results. The

514
00:30:03,200 --> 00:30:07,560
Speaker 1: results came at this point because that's when they were ready. UM.

515
00:30:07,640 --> 00:30:11,240
Speaker 1: There there's a sort of to find way that you

516
00:30:11,360 --> 00:30:15,520
Speaker 1: look at data for critical trials like this. It's event based,

517
00:30:15,600 --> 00:30:18,880
Speaker 1: so UM actually being able to tell whether the vaccine

518
00:30:18,880 --> 00:30:23,920
Speaker 1: is effective depends on people in the trial actually getting COVID.

519
00:30:24,000 --> 00:30:27,720
Speaker 1: So you can compare the placebo arm the inactive arm

520
00:30:28,040 --> 00:30:30,560
Speaker 1: to the vaccine and and see whether it's preventing the

521
00:30:30,680 --> 00:30:35,040
Speaker 1: virus from from causing disease in people. You look at

522
00:30:35,040 --> 00:30:37,160
Speaker 1: the results when there are a certain number of cases

523
00:30:37,520 --> 00:30:41,680
Speaker 1: at a certain point. Fiser decided to skip UM the

524
00:30:41,840 --> 00:30:45,240
Speaker 1: very first look that it had planned after just thirty

525
00:30:45,240 --> 00:30:47,800
Speaker 1: two cases after talking with the f d A. But

526
00:30:47,960 --> 00:30:51,480
Speaker 1: that wasn't a political decision. They did that after really

527
00:30:51,560 --> 00:30:55,760
Speaker 1: widespread public health criticism UM from a lot of experts

528
00:30:56,440 --> 00:30:59,480
Speaker 1: that that was simply too soon, that it risked UM

529
00:30:59,640 --> 00:31:02,560
Speaker 1: really thing results before they were actually ready, before they

530
00:31:02,560 --> 00:31:05,760
Speaker 1: were ropus, and when there would be more questions about them.

531
00:31:05,960 --> 00:31:08,920
Speaker 1: So in waiting what turned out to be a pretty

532
00:31:08,960 --> 00:31:12,120
Speaker 1: short period of time, they they had a lot more

533
00:31:12,240 --> 00:31:14,880
Speaker 1: data to look at and results that are a lot

534
00:31:14,960 --> 00:31:20,080
Speaker 1: easier to trust. So UM not politically motivated and in

535
00:31:20,160 --> 00:31:23,840
Speaker 1: fact a good idea to have waited for a little

536
00:31:23,840 --> 00:31:28,360
Speaker 1: bit more data. Okay, so when will the vaccine? When

537
00:31:28,400 --> 00:31:30,600
Speaker 1: can I get the vaccine? Or not me? But when

538
00:31:30,600 --> 00:31:34,120
Speaker 1: can when can people get the vaccine? So that I

539
00:31:34,120 --> 00:31:36,280
Speaker 1: mean that that is actually a good way to frame

540
00:31:36,320 --> 00:31:39,240
Speaker 1: it because the answer is is different for you and

541
00:31:39,360 --> 00:31:43,120
Speaker 1: me than it is for for some higher risk parts

542
00:31:43,160 --> 00:31:50,000
Speaker 1: of the population. UM. So any initial emergency authorization could

543
00:31:50,040 --> 00:31:54,280
Speaker 1: come as soon as this month or early September once

544
00:31:54,320 --> 00:31:58,880
Speaker 1: Spiser gets enough safety data because the FDA requires that

545
00:31:58,880 --> 00:32:01,400
Speaker 1: that the company have two month to safety follow up

546
00:32:01,440 --> 00:32:03,800
Speaker 1: for most of the participants in the trial, that will

547
00:32:03,840 --> 00:32:05,840
Speaker 1: take a little bit. Then they have to review the

548
00:32:05,920 --> 00:32:08,440
Speaker 1: data and then actually make the decision, but at this

549
00:32:08,520 --> 00:32:11,560
Speaker 1: point there are a limited number of doses available, so

550
00:32:12,120 --> 00:32:16,400
Speaker 1: the early rollout will be for mostly UM, older adults,

551
00:32:16,400 --> 00:32:20,479
Speaker 1: health care workers, people at the highest risk categories, and

552
00:32:20,640 --> 00:32:24,400
Speaker 1: even a limited number of those UM initially and quite

553
00:32:24,400 --> 00:32:27,080
Speaker 1: possibly into the new year. I have the FAUCI said

554
00:32:27,080 --> 00:32:32,720
Speaker 1: today that there may be wide more widespread vaccination in April. UM.

555
00:32:32,760 --> 00:32:36,400
Speaker 1: That's certainly possible. A visor can meet manufacturing targets. If

556
00:32:36,480 --> 00:32:40,640
Speaker 1: other vaccines succeed as well, UM, especially if they meet

557
00:32:41,000 --> 00:32:45,200
Speaker 1: Viser's impressive standard for its early results, it could push

558
00:32:45,240 --> 00:32:47,880
Speaker 1: that up. The more vaccines the better, because you know,

559
00:32:47,920 --> 00:32:50,960
Speaker 1: you can't manufacture so much of of one vaccine to

560
00:32:51,000 --> 00:32:53,560
Speaker 1: The more candidates you have, the more supply you'll have

561
00:32:53,600 --> 00:32:58,000
Speaker 1: as well. Okay, so I guess like first quarter next year,

562
00:32:58,040 --> 00:32:59,760
Speaker 1: and and Max, I'm not trying to be funny here

563
00:32:59,800 --> 00:33:01,640
Speaker 1: about I think that's like the question that I get

564
00:33:01,680 --> 00:33:03,320
Speaker 1: as a reporter all the time is when when will

565
00:33:03,320 --> 00:33:05,560
Speaker 1: this vaccine be in the market and where will people

566
00:33:05,560 --> 00:33:07,520
Speaker 1: get it? At their local pharmaceutical where they get their

567
00:33:07,560 --> 00:33:10,640
Speaker 1: flu shot. What do we know about that? Sure? So

568
00:33:10,800 --> 00:33:15,560
Speaker 1: I would say for widespread vaccination first quarter is is

569
00:33:15,640 --> 00:33:22,040
Speaker 1: probably too ambitious. UM. It'll probably be I'm an ambitious,

570
00:33:22,280 --> 00:33:25,800
Speaker 1: ambitious you know what. I'd be delighted to be wrong

571
00:33:25,840 --> 00:33:31,600
Speaker 1: about that, either via spent on manufacturing or because multiple

572
00:33:31,680 --> 00:33:36,160
Speaker 1: candidates succeed. But um my, my expectation is is probably

573
00:33:36,640 --> 00:33:39,640
Speaker 1: glow into the second quarter, and um you know what

574
00:33:39,720 --> 00:33:43,400
Speaker 1: it will take is availability and as many places as possible,

575
00:33:43,760 --> 00:33:47,960
Speaker 1: because this will be an unprecedented effort in terms vaccinated

576
00:33:48,000 --> 00:33:54,080
Speaker 1: whole population. Quickly, you said second quarter. So March, um,

577
00:33:54,400 --> 00:33:59,920
Speaker 1: March April May again. Really, if you're listening, I've been

578
00:34:00,080 --> 00:34:02,880
Speaker 1: saying this all year. I said, get me to March. Mom,

579
00:34:03,200 --> 00:34:05,640
Speaker 1: That's what I'm saying. That's been my mantra. I've got

580
00:34:05,680 --> 00:34:07,959
Speaker 1: signs in my place. I got a sign on my

581
00:34:08,080 --> 00:34:10,400
Speaker 1: desk here at the at the bureau were it's empty

582
00:34:10,480 --> 00:34:12,560
Speaker 1: every day. I told Craig Gordon, I said, it was

583
00:34:12,560 --> 00:34:14,560
Speaker 1: like normal last week and all the editors were here

584
00:34:14,560 --> 00:34:16,440
Speaker 1: and it was like a busy newsroom again. Now they're

585
00:34:16,440 --> 00:34:20,280
Speaker 1: all gone and we're alone again. But um but but seriously,

586
00:34:20,320 --> 00:34:23,000
Speaker 1: I've been saying March. That's been my mantra. Get to March, keV,

587
00:34:23,120 --> 00:34:26,359
Speaker 1: get to March. So I mean Max Neeson, who knows

588
00:34:26,400 --> 00:34:30,640
Speaker 1: everything about the pharmaceutical industry is same as early as March. Okay,

589
00:34:30,719 --> 00:34:34,279
Speaker 1: let me ask this, are the scientists doing data Max

590
00:34:34,360 --> 00:34:37,520
Speaker 1: Neeson when we're opinion columnists who covers pharmaceuticals, are they

591
00:34:37,560 --> 00:34:40,680
Speaker 1: doing data on and I don't know the technical way

592
00:34:40,719 --> 00:34:43,120
Speaker 1: to ask this question, but are they doing data on

593
00:34:43,120 --> 00:34:46,440
Speaker 1: once the first round is in the population, So once

594
00:34:46,480 --> 00:34:50,200
Speaker 1: the high risk groups, will that make an impact on

595
00:34:50,320 --> 00:34:53,239
Speaker 1: being able to lift some of the socially distant restrictions?

596
00:34:53,239 --> 00:34:55,440
Speaker 1: Do you know what I mean by that? Yes? I do,

597
00:34:55,640 --> 00:34:58,520
Speaker 1: And and as much as I'd like to say yes,

598
00:34:58,920 --> 00:35:01,480
Speaker 1: at this point, I'm gonna have to say no, it's

599
00:35:01,520 --> 00:35:06,360
Speaker 1: gonna take social distancing measures, probably well beyond the second

600
00:35:06,480 --> 00:35:11,320
Speaker 1: quarter um, even when you have widespread vaccination beginning, because

601
00:35:11,320 --> 00:35:15,879
Speaker 1: widespread vaccination doesn't mean that if everyone has access they'll

602
00:35:15,920 --> 00:35:17,920
Speaker 1: get it it's done. You actually have to roll it

603
00:35:17,920 --> 00:35:21,239
Speaker 1: out distributed, It will be um, you know, limited for

604
00:35:21,280 --> 00:35:23,720
Speaker 1: a while, and you actually have to get people on board.

605
00:35:24,080 --> 00:35:27,160
Speaker 1: That's the whole process. It also takes almost a month

606
00:35:27,320 --> 00:35:31,120
Speaker 1: to get both shots at the two dose vaccine, so

607
00:35:31,520 --> 00:35:35,359
Speaker 1: you're not actually protected right away. And and also there

608
00:35:35,480 --> 00:35:39,560
Speaker 1: are unknowns about the details of the vaccine data don't know,

609
00:35:39,680 --> 00:35:43,440
Speaker 1: for example, whether it prevents a symptomatic transmission, whether it

610
00:35:43,480 --> 00:35:46,920
Speaker 1: prevents infection. Out right, we only have this really limited

611
00:35:46,960 --> 00:35:49,920
Speaker 1: bit of information, which is that it prevented over nine

612
00:35:50,480 --> 00:35:55,440
Speaker 1: of symptomatic cases UM in a relatively short time period.

613
00:35:55,560 --> 00:35:59,040
Speaker 1: So caution is warranted for for some time to come. Okay,

614
00:35:59,120 --> 00:36:02,080
Speaker 1: so it's a two shot vaccine. We don't know if

615
00:36:02,120 --> 00:36:06,520
Speaker 1: it prevents asymptomatic Now, the other question I had was,

616
00:36:07,080 --> 00:36:12,239
Speaker 1: are you does it how long does it last for? Unfortunately,

617
00:36:12,880 --> 00:36:16,239
Speaker 1: we have no idea, UM, and that's something that will

618
00:36:16,280 --> 00:36:21,320
Speaker 1: take along. I know why you're not that optimistic, Okay, um,

619
00:36:21,760 --> 00:36:24,480
Speaker 1: you know that that's just something you can only figure

620
00:36:24,520 --> 00:36:29,040
Speaker 1: out through real world observation over a long term time period.

621
00:36:29,280 --> 00:36:32,520
Speaker 1: There there's some reason to be optimistic. Often, vaccine acquired

622
00:36:32,560 --> 00:36:35,760
Speaker 1: immunity is you know, it's both stronger and more durable

623
00:36:35,920 --> 00:36:39,640
Speaker 1: than than naturally acquired immunity. But you really can't know

624
00:36:39,719 --> 00:36:44,840
Speaker 1: about a specific disease or a specific vaccine until you

625
00:36:44,840 --> 00:36:47,919
Speaker 1: you see that data. So it's something to be cautious about.

626
00:36:48,160 --> 00:36:50,600
Speaker 1: It's entirely possible this will end up needing to be

627
00:36:51,120 --> 00:36:53,560
Speaker 1: um a seasonal vaccine, much in the way that the

628
00:36:53,880 --> 00:36:56,799
Speaker 1: vaccine is Max ifavor keep writing these q and a

629
00:36:56,880 --> 00:36:58,919
Speaker 1: s because I read this on the Lemberg terminal today

630
00:36:59,000 --> 00:37:02,319
Speaker 1: and and it's it's so good, it's so smart, and

631
00:37:02,360 --> 00:37:04,600
Speaker 1: it answers all of my questions, and and it's I

632
00:37:04,600 --> 00:37:06,799
Speaker 1: think so many people have and I say this, you know,

633
00:37:06,960 --> 00:37:09,040
Speaker 1: just as someone who just wants to know about the vaccine.

634
00:37:09,040 --> 00:37:10,680
Speaker 1: He Max writes in a way that it makes it

635
00:37:10,760 --> 00:37:13,080
Speaker 1: very easy to understand. Max Neeson, thank you so much

636
00:37:13,120 --> 00:37:15,239
Speaker 1: for jumping on the line for us to to break

637
00:37:15,280 --> 00:37:17,480
Speaker 1: all of this down from a consumer standpoint. You know,

638
00:37:17,520 --> 00:37:19,000
Speaker 1: it's one thing to talk about it from the markets,

639
00:37:19,000 --> 00:37:21,680
Speaker 1: but of course from a consumer standpoint and an everyday

640
00:37:21,680 --> 00:37:24,839
Speaker 1: applicable standpoint. Thank you, Max. Much more coming up next,

641
00:37:24,840 --> 00:37:27,719
Speaker 1: Butts on the panel's radar. You're listening to Bloomberg nine

642
00:37:27,560 --> 00:37:36,239
Speaker 1: one one. You're listening to Bloomberg Sound On with Kevin

643
00:37:36,280 --> 00:37:40,400
Speaker 1: Surreley on Bloomberg and one oh five point seven m

644
00:37:40,520 --> 00:37:44,640
Speaker 1: h D two. I'm Kevin CURRELLI, Chief Washington correspondent for

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Speaker 1: Bloomberg Television and for Bloomberg Radio two. Avid listeners of

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Speaker 1: the program, you always hear me talking about how our

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Speaker 1: executive producer, Chris Team Barrata always keeps me focused most days,

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Speaker 1: keeps me focused on the program, and it's her birthday today,

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Speaker 1: so I wanted to wish a very, very very happy

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Speaker 1: birthday to my friend. And are hard working is an understatement.

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Speaker 1: I mean really, folks, no one works harder and it's

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Speaker 1: more talented uh than Christine Barrata. And it's her birthday today.

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Speaker 1: And if if you've listened to the program or our

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Speaker 1: guests who are regulars, please make sure that you wish

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Speaker 1: the Christine Barrata who runs Washington behind the scenes, because

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Speaker 1: it is her birthday today and she deserves to have

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Speaker 1: the best birthday ever. Um. And I was I was

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Speaker 1: trying to think when we first started working together. I thought, oh,

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Speaker 1: she's from Boston. She must be a Tom Brady fan.

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Speaker 1: Back when you know Tom Brady and Bill Belichick, remember them,

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Speaker 1: Uh was on the Patriots. She doesn't even like the Patriots.

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Speaker 1: I said, I can work with this. Then I find

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Speaker 1: out that she loves reality television just like me. I

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Speaker 1: can go deep on some reality TV UH seasons like

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Speaker 1: you wouldn't believe. Uh. And she's she always make sure

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Speaker 1: that I talked about that, but never on air. So

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Speaker 1: thank you. To Christine Barada. Happy birthday, my friend, Happy

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Speaker 1: birthday to Christine Barada. All right, now it's side for

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Speaker 1: my favorite part of the program, which is what is

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Speaker 1: on the panels radar? Emily Tish Sissman's with us, the

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Speaker 1: host of Your Presidential Playlist podcast, a Democratic strategist, former

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Speaker 1: VP of Campaigns for the Center for American Progress, Bill McGinley,

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Speaker 1: William McGinley Bell, principal at the Vogle Group, former White

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Speaker 1: House Cabinet secretary, and former Deputy Council at the Republican

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Speaker 1: National Committee, or either of you scorpios like me and Barata. Okay,

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Speaker 1: but you'd just say pisces all the way, all the way.

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Speaker 1: I appreciate that, Bill, Emily, Now, no Taurus Taurus, alright, alright,

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Speaker 1: not that I even understand any of that, but I

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Speaker 1: do know on the scorpio. Okay, Uh, what's on your radar, Emily. Well,

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Speaker 1: now that we're talking about reality TV, I've heard that

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Speaker 1: now or around now is the Real Housewives of Salt

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Speaker 1: Lake premier, And really nothing's got me more tomorrow. I

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Speaker 1: can't want some they actual days because I have too

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Speaker 1: many young kids. But I am super super psyched about

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Speaker 1: this real housewives franchise, what is on your political policy radar?

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Speaker 1: To bring it back before Baraa gets in my ear

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Speaker 1: to tell me to get back on track, go ahead

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Speaker 1: him political policy was actually um, I would say who's

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Speaker 1: being announced, who on the Biden the president like running

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Speaker 1: task force, and who's not being announced. I think the

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Speaker 1: people who are not on the task forces are the

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Speaker 1: ones that are probably being vetted right now for cabinet

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Speaker 1: level positions or this is smart. So for folks who

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Speaker 1: don't know what these presidential landing team squads are, tell us,

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Speaker 1: let's spend let's spend a minute on this. Tell us

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Speaker 1: what they are, and tell us give us some names

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Speaker 1: as to who stood out and who's not on it.

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Speaker 1: So the positions that are being described right now, these

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Speaker 1: groups are the functional groups that are going to work

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Speaker 1: with different UH, different positions within the executive brand so

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Speaker 1: under the presidency. So you know, there's one group that's

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Speaker 1: going to work with health care with HHS, one group

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Speaker 1: is going to work with Treasury with Treasing, Department, Commerce, UM.

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Speaker 1: And so the groups that are announced are going to

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Speaker 1: really be looking through every regulation, every policy, every position,

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Speaker 1: thinking about do they continue it, do they reorganize it

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Speaker 1: where they're put where are their points they can think

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Speaker 1: about exercising policy positions. Um and so the people that

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Speaker 1: are on it, they put together a pretty broad coalition

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Speaker 1: of people that are from government, from think tanks, from business,

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Speaker 1: from advocacy. Like, it's a very broad coalition of people

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Speaker 1: that are on it. It's not a lot of big,

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Speaker 1: bold names of the people that are being floated around

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Speaker 1: um as the idea of that people people are being

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Speaker 1: like at the top. So you know, we're not seeing

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Speaker 1: in the sense we're not being Michelle Mournois on that

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Speaker 1: list and foreign policy, we're not being Tony blink In

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Speaker 1: on that list. Like the fact that those are left

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Speaker 1: off to me that they're probably in the vetting process

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Speaker 1: for something big. Yeah, that's smart. That's a really smart

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Speaker 1: assessment there. Um uh, that's really smart. Okay, Bill McGinley,

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Speaker 1: what's on your radar? Alright? Since we're doing a reality

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Speaker 1: TV show that you have to call out? I think

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Speaker 1: it's a Game of Honor, which was special about the

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Speaker 1: Army Navy game and behind the scenes and what the

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Speaker 1: midship mane show. Yes, I'm binging that this weekend go ahead. Yes,

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Speaker 1: oh gosh on topic, but I'm agreeing with both of you.

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Speaker 1: This is classic. Okay, go ahead, and I'm gonna go

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Speaker 1: with the ultimate kitchen table issues that a lot of

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Speaker 1: moms and dads are struggling with right now is whether

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Speaker 1: high school athletics will return in the spring semester um.

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Speaker 1: A lot of schools started out virtual. When hybrid with

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Speaker 1: some of the spikes, UH for athletics, they announced that

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Speaker 1: they were going to try and squeeze both the all

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Speaker 1: all the fall, the winter in the spring seasons into

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Speaker 1: the spring semester. And so it's going to be interesting

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Speaker 1: to watch to see whether they're going to be able

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Speaker 1: to pull that off. Families across our region are talking

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Speaker 1: about it all the time. Everyone's talking about it, and

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Speaker 1: I still get back to this issue of child care

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Speaker 1: for preschools and whatnot. I mean, if if if a

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Speaker 1: teacher or someone's exposed, and what that does to folks

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Speaker 1: and the pressure that that puts on families to get

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Speaker 1: back to work. I mean, it is so so incredibly confusing.

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Speaker 1: Do you think, Bill McGinley, that there's a role for

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Speaker 1: local government officials or school board officials to play in

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Speaker 1: these types of conversations? Absolutely? And you know, I think

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Speaker 1: when you when you talk to the families and everybody

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Speaker 1: who's impacted by these decisions, you know, the common themes

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Speaker 1: that you hear are number one, the pandemic in a

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Speaker 1: way has been a blessing because parents are spending more

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Speaker 1: time with their children. But in a way, the setback

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Speaker 1: is is that the kids aren't getting the socialization with

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Speaker 1: their classmates and the athletics that they need. And the

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Speaker 1: local government's got to step up. Uh, and Bryan's figure

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Speaker 1: out a way to not only keep them safe, but

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Speaker 1: to get them out there with physical activity and in

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Speaker 1: class learning to the extent that they can do it safely.

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Speaker 1: Socialization is so important. Yeah, yeah, and it's just it's

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Speaker 1: just totally totally been an impact on every family. UM. Okay,

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Speaker 1: here's what's on my radar. I want to end with

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Speaker 1: some optimism. Um. Earlier this month, I spoke with Ron Johnson,

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Speaker 1: Senator Ron Johnson, Republican from Wisconsin. He's the chairman on

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Speaker 1: the Homeland Security Committee, and I did this interview. I

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Speaker 1: want to say, like two weeks ago. We filmed it

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Speaker 1: in the Homeland Security Committee hearing room, because I did

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Speaker 1: it for in partnership with the September eleventh Memorials Annual

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Speaker 1: Summit on Security. They put on this annual summit um

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Speaker 1: every year where they talk about security and cybersecurity, and

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Speaker 1: it rolled out today for the museum, and I was incredibly,

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Speaker 1: incredibly grateful and humbled that they asked me to participate

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Speaker 1: in this. But when I was preparing for the interview,

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Speaker 1: I had some fascinating conversations with one of the top

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Speaker 1: officials over there at the museum, and we came up

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Speaker 1: with this final question that I wanted to ask, because

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Speaker 1: it really struck us that there's an entire generation that

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Speaker 1: was not born, um until after nine eleven, And so

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Speaker 1: how do we as Americans remember an honor and tell

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Speaker 1: the story of nine eleven two generations that were not

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Speaker 1: born at that particular time, because really the heroism of

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Speaker 1: humility and of patriotism on nine eleven and on really

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Speaker 1: that September twelve feeling, for lack of a better phrase,

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Speaker 1: that September twelve feeling, and we all remember, right, Bono

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Speaker 1: and the flag on the on the on the inside

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Speaker 1: of the arm jacket, UM at the Super Bowl halftime show,

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Speaker 1: acts like that, Rudy and the bull horn and whatnot. UM,

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Speaker 1: how do we serve as a bridge for generations born

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Speaker 1: after nine eleven to keep the legacy alive. I asked

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Speaker 1: that to the chairman. Here's what he told me, Well,

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Speaker 1: we don't bury it. Um. They're horrific images for nine eleven,

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Speaker 1: but reality is something that we all need to face. Now.

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Speaker 1: You have to take in consideration people's age exactly what

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Speaker 1: they experience. But we can't ever let America forget. And

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Speaker 1: part of that is we have to let those that

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Speaker 1: weren't old enough, for those that weren't even born, we

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Speaker 1: need to educate them in terms of what happened to

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Speaker 1: what the world's a dangerous place, but we can also

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Speaker 1: educate them in terms of how we do come together

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Speaker 1: as an Asian, you know, how we are one people

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Speaker 1: with that shared goals and that's that's how we Let's

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Speaker 1: say my thanks to the nine eleven memorial it's in

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Speaker 1: the museum for all of their hard work, as well

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Speaker 1: as to you for listening. I'm Kevin SEREALI thanks for

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Speaker 1: listening to Bloomberg