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Speaker 1: Live from our nation's camera. How do we reopen this economy?

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

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

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Speaker 1: Bloomberg Sound On, the Insiders, the influencers, the insides. We're

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Speaker 1: responding to this crisis and manufacturers are stepping up like

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Speaker 1: never before. We're looking at seventy Kennedys for different vaccines.

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Speaker 1: How do we make sure a pandemic of this scale

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Speaker 1: never happens again? This is Bloomberg Sound On with Kevin

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

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Speaker 1: m h D two. We check in with Democratic presidential

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Speaker 1: nominees Joe Biden Senior geopolitical advisor Samantha Power in an

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Speaker 1: exclusive interview. How would Biden administration put the United States

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Speaker 1: on the world stage? What role would were the US

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Speaker 1: play in a Biden administration's geopolitical world? Plus? President Trump

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Speaker 1: talks up need for a full Supreme Court as he

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Speaker 1: cast out on upcoming election. Will cover the latest on

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Speaker 1: the SCOTUS Watch as Washington remembers Ruth Bader Ginsburg. Today,

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Speaker 1: We're gonna have continuing coverage of what FETE officials are

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Speaker 1: saying they need in order, well, the U. S economy

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Speaker 1: needs in order to get the economy back on track.

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Speaker 1: But first, recently I sat down with former UN Ambassador

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Speaker 1: Samantha Power for a wide ranging foreign policy interview. We

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Speaker 1: talked about the European US alliance and the Trump administration's

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Speaker 1: decision to walk away from the Iran nuclear disarmament deal.

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Speaker 1: I also asked her to talk about the biggest geopolitical

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Speaker 1: policy differences from a Biden administration versus a second term

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Speaker 1: Trump administration. Take a listen, Well, I wouldn't boil it

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Speaker 1: down to one difference. I would note, first of all,

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Speaker 1: two core premises that Joe Biden would bring to the presidency. First,

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Speaker 1: a recognition that America's strength abroad stems from our domestic performance,

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Speaker 1: and so much of Biden's platform is about what we

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Speaker 1: do domestically on COVID and the economic recovery in the

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Speaker 1: first instance, but more broadly, to combat racial injustice inequality.

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Speaker 1: We've got to get our domestic house in order. Uh

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Speaker 1: that is going to be the source of our competitiveness

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Speaker 1: globally and our leadership globally. But the second premise that

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Speaker 1: Donald Trump does not appear to share is that our

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Speaker 1: fates are fundamentally connected to the fates of people living elsewhere,

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Speaker 1: and in the twenty one century, there's no way to

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Speaker 1: build a wall to protect you from pandemics. Uh, there's

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Speaker 1: no way to build a wall in a globalized economy

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Speaker 1: where our prosperity is linked also to markets internationally. There's

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Speaker 1: no way to build a wall when our families come

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Speaker 1: from all over the world and American citizens are descendants

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Speaker 1: of immigrants or immigrants themselves. So I think what you

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Speaker 1: would see in a Biden administration, where there's been very

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Speaker 1: little valuation of alliances under Trump, is an effort to

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Speaker 1: really rejuvenate a US centered alliances in the world, and

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Speaker 1: again recognizing that that set of alliances, the community of

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Speaker 1: democracies that exist those who have shared values, that when

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Speaker 1: we coordinate our actions together, we have way more leverage

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Speaker 1: in peace and security and way more leverage in geoeconomics

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Speaker 1: than we do when we act alone, as we have

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Speaker 1: been for for too long. In this administration, I want

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Speaker 1: to talk about some of those alliances. Let's start with Europe.

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Speaker 1: How would Abiden administration look to rework some of the

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Speaker 1: not only economic but national security angles to the to

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Speaker 1: the US European alliance. Well, trust between European countries one

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Speaker 1: by one and Europe as a whole. The trust of

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Speaker 1: the United States is way down. It has plummeted under Trump,

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Speaker 1: in part because things we've worked on together, like the

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Speaker 1: Iran nuclear deal, like the Paris Climate Agreement, the United

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Speaker 1: States has walked away from those deals, and so European

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Speaker 1: countries are scratching their heads and same we wait, those

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Speaker 1: were in our shared interests, um but also, you gave

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Speaker 1: your word. What does that mean for America's word in

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Speaker 1: the future. But the other reason that the relationships are

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Speaker 1: in dire straits at the moment is just the kind

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Speaker 1: of gratuitous insults and the kind of extortionist way in which,

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Speaker 1: in very transactional way in which the Trump administration deals

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Speaker 1: with our close allies. So a Biden presidency would look

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Speaker 1: to restore trust, to assure not only our allies but

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Speaker 1: also our rivals, that America can be relied upon, that

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Speaker 1: we are a credible nation, that when our president speaks,

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Speaker 1: he tells the truth. When America gives its word, that

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Speaker 1: word can be counted on. And so that both of

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Speaker 1: those dimensions I think will be really important to restoring

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Speaker 1: the US European Alliance to follow up on that point

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Speaker 1: with the Iron nuclear disarmament field. The Administration and Republicans

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Speaker 1: have argued that they were able to bring on board

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Speaker 1: Israel as a result, in part because of the administration's

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Speaker 1: positions and sanctions against the Iranian regime. Would you agree

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Speaker 1: with that sentiment or do you think there were other

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Speaker 1: factors of play well. The Trump administration's logic in walking

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Speaker 1: away from the Iran deal was that it would get

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Speaker 1: a better deal instead. What we have now is Iran's

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Speaker 1: breakout time to a nuclear weapon dramatically shrunk. Apparently. Reports

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Speaker 1: now are that Iran has ten times UH the amount

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Speaker 1: of enriched material and then it had when Obama Biden

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Speaker 1: hand of the baton to Trump and Pence. So within

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Speaker 1: the four corners of Iran, I think no one can

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Speaker 1: say that the threat is contained. You have reports this

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Speaker 1: week of Iranian assassination plots visa the U. S. Diplomat

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Speaker 1: a U S diplomat abroad. You have an increase in

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Speaker 1: attacks on American personnel in Iraq by Iranian back militia.

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Speaker 1: So things have not gone in a good direction. But again,

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Speaker 1: the spillover effect of walking away from that deal go

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Speaker 1: beyond even the four corners of Iran um and and

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Speaker 1: the fact that when the United States in the future,

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Speaker 1: whether under a Trump administration, a second Trump term, or

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Speaker 1: under a Biden administration, sits down to try to bring

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Speaker 1: other countries together in a multilateral framework, both the rogue

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Speaker 1: actors like the Irani regime that was seeking a nuclear

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Speaker 1: weapon or our allies neither know whether they can count

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Speaker 1: on America's constancy, and so that damage is real. I

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Speaker 1: think as it relates to Israel, it's incredibly important the

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Speaker 1: countries at long last recognize Israel. This is something I

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Speaker 1: dealt with at the United Nations. Um or reason that

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Speaker 1: many of them have stood on the sidelines and refused

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Speaker 1: to recognize Israel's right to exist, And and that needs

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Speaker 1: to change urgently, and it's important intrinsically, and it's something

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Speaker 1: I'm sure that President Biden would seek to continue that

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Speaker 1: effort in normalization and brokering it. United Nations, the World

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Speaker 1: Health Organization, NATO, so many of these global order institutions,

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Speaker 1: these these multilateral institutions, these alliances. What emphasis would have

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Speaker 1: Biden administration place on these institutions? Uh? And how would

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Speaker 1: that contrast with what we've seen with the current president. Well, first,

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Speaker 1: just a word about the institutions. They are largely stages

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Speaker 1: on which countries come to pursue their national interests. I mean,

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Speaker 1: I know that's kind of obvious, but sometimes we talk

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Speaker 1: about them like they have minds of their own. And

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Speaker 1: so when the United States retreats from participation in those institutions,

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Speaker 1: when it cuts off funding, or when it stands on

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Speaker 1: the sidelines and doesn't build coalitions with our friends in

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Speaker 1: order to have maximum leverage, those institutions are going to

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Speaker 1: perform in ways that are less aligned with US interests

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Speaker 1: and US values. And that's what's happened over the Trump

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Speaker 1: years is as the United States has walked away, China

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Speaker 1: has filled the vacuum. Other democracies are kind of wandering around,

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Speaker 1: used to US leadership, but not yet asserting themselves or

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Speaker 1: putting themselves forward in coalitions to contest. Uh. Some backsliding

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Speaker 1: on human rights norms, some severe threats to peace and security.

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Speaker 1: So I think what you would see with Biden is

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Speaker 1: just the core recognition that US leadership within international institutions

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Speaker 1: is helpful for advancing US interests. It is not a panacea.

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Speaker 1: China doesn't go away. UH. Non democracies or repressive countries

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Speaker 1: who exist in the world and thus exist within the

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Speaker 1: UN are still there. UH seeking to to make the

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Speaker 1: the international bodies UH, you know, look away from what

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Speaker 1: they're doing inside their borders. I mean, it's tough to

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Speaker 1: operate in what amounts to a kind of global scrum.

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Speaker 1: But the one way to guarantee the US interests are

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Speaker 1: not advanced is to retreat. When you go back in,

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Speaker 1: by contrast, and you continue to play the catalytic role

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Speaker 1: that the US played over much of the last three

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Speaker 1: quarters of a century, then we have a chance, for example,

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Speaker 1: of doing things like ending a bowl outbreaks, securing Iran

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Speaker 1: nuclear deals, securing UH in the Paris Agreement at least

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Speaker 1: a baseline climate agreement. Under a Biden administration, you would

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Speaker 1: see the United States seeking to return to the catalytic

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Speaker 1: role that had played for three quarters of a century,

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Speaker 1: basically since the Second World War. That catalytic role has

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Speaker 1: been incredibly important. That was Samantha power of the former

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Speaker 1: Hun ambassador, and you can see more of her interview

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Speaker 1: on our Bloomberg special report twenty Year of Crisis Diplomatic

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Speaker 1: Divide this Friday on Bloomberg Television at seven pm Eastern.

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Speaker 1: Coming up, we check in on the markets. Plus again

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Speaker 1: we are following every angle of the Supreme Court nomination

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Speaker 1: process on the United States. I'll give you the calendar

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Speaker 1: and the lay of the lad I'm Kevin SERELLI. Download

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Speaker 1: the Bloomberg Sound On podcast on Apple iTunes, at Bloomberg

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Speaker 1: dot com, or by downloading the Bloomberg Business App. You

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Speaker 1: can also find us on Radio dot com, I Heart

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Speaker 1: Radio and Spotify. Beautiful, beautiful sunny day here in the

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Speaker 1: Nation's Capital. You're listening to Bloomberg. This is Bloomberg's Sound

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Speaker 1: On with Kevin Surreley on Bloomberg and one oh five

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Speaker 1: point seven f M h D two. My name is

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Speaker 1: Kevin Currelly. I'm the chief Ashington correspondent for Bloomberg Television

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Speaker 1: and for Bloomberg Radio. Being from my Bloomberg terminal. Stock

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Speaker 1: slumped to an eight week low amidst warnings from Federal

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Speaker 1: Reserve officials on the need for more stimulus to lift

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Speaker 1: the world's largest economy. Hours from a coronavirus induced recession,

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Speaker 1: the dollar rally SMP five hundred closed near the threshold

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Speaker 1: that many investors consider to be a market correction, while

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Speaker 1: the Nasdaq one hundred tumbled more than three percent, led

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Speaker 1: by giants Apple Link and Amazon dot Com. FED Chair

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Speaker 1: J Pal. This is what I want to get into.

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Speaker 1: FED Chair J. Powell reiterated that there's a long way

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Speaker 1: to go before the economic rebound, which will likely require

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Speaker 1: more support. So it wasn't just FED Chair Powell Washington,

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Speaker 1: d C that called for more fiscal stimulus, but it

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Speaker 1: was also Vice Chairman Richard Clarida Governor Randy Quarrels and

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Speaker 1: regional chiefs Charles Evans, Loretta Mester, and Eric rasing Gren.

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Speaker 1: So you got all of these FED officials saying that

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Speaker 1: they need to have more fiscal board. And let's just

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Speaker 1: let's hear from from the from the person at the

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Speaker 1: center of the storm, fed share J Pal. Here's FED

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Speaker 1: share j Pal testifying earlier today in Washington, D C.

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Speaker 1: Here here's the FED chairman. I do think small businesses

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Speaker 1: um would benefit from more PPP support, and I think

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Speaker 1: there's probably very wide agreement on that joining us now

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Speaker 1: Ed Mills. He is Washington policy analyst and Managing director

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Speaker 1: at Raymond James in Washington, d C. And welcome to

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Speaker 1: the program. What happened today in the markets? It looks

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Speaker 1: like they're eyeing what's coming out of the Central Bank. Kevin,

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Speaker 1: You're right, and I think what they're also eyeing is

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Speaker 1: what's not coming out of Congress. And right now we

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Speaker 1: are nowhere near a fiscal relief package. Um. We have

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Speaker 1: actually kind of good news today in terms of funding

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Speaker 1: the government for September thirty, so we won't have a

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Speaker 1: government shutdown. But a lot of us were looking at

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Speaker 1: that and saying, all right, finally we can have a

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Speaker 1: catalyst that's going to force negotiators back to the table

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Speaker 1: and get a deal. And what's been so frustrating about

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Speaker 1: this and why the market hadn't really reacted to this

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Speaker 1: until now, is that there's a deal to be had.

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Speaker 1: There's five or six individual things that everyone's agrees to,

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Speaker 1: or at least a majority of House and Senate members

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Speaker 1: agree should be done, but we're not doing it. The

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Speaker 1: market didn't think we would kind of just go home,

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Speaker 1: but right now they're looking at kind of a Supreme

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Speaker 1: Court fight, an election looming in no fiscal stimulus deal,

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Speaker 1: and now are you know, deciding to reprice what exactly

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Speaker 1: expectations should have been. So I kind of look at

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Speaker 1: it based upon my reporting and emptying out the reporter's notebook,

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Speaker 1: and I look at it this way, that they kicked

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Speaker 1: the can down the road to keep the government open

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Speaker 1: until December eleventh. Alright, so you got the Democratic control

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Speaker 1: House representatives. They passed a continuing resolution They're gonna avert

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Speaker 1: a government shutdown, all the drama until December eleventh. That's

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Speaker 1: after the election, that's in the lame duck. That would

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Speaker 1: likely be the first of many opportunities for there to

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Speaker 1: be some type of substantial fiscal support. That's past. It

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Speaker 1: still could come in the next couple of weeks, but

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Speaker 1: really December eleven, then if you it's picked your ending essentially,

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Speaker 1: you know, based upon what happens in the market, based

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Speaker 1: on how it happens in the election. Rather uh, if

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Speaker 1: Republicans get back control of the executive branch and keep

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Speaker 1: the majority in the Senate, there will be less fiscal

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Speaker 1: stimulus and que him next year. But if Democrats get it,

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Speaker 1: they'll likely be more fiscal stimulus. But either way, there's

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Speaker 1: gonna be more fiscal stimulus. And I wrong on this,

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Speaker 1: ed or is it sounds like the volatility in the

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Speaker 1: markets is over the timetable and not over whether or

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Speaker 1: not it's actually gonna happen. I think you're correct, and

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Speaker 1: I do think that the base case continues to be,

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Speaker 1: you know, there should be something because there is bipartisan

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Speaker 1: support for this. UM. I do think that if there

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Speaker 1: is a re election of President Trump, we do it

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Speaker 1: in the lane duck. I think there could be some

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Speaker 1: concerns about timing if President Trump is not reelected, and

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Speaker 1: especially if Democrats don't have their sweep. What happens in

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Speaker 1: that scenario. A Democratic sweep would give you likely the

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Speaker 1: most robust fiscal package, but do you need to overcome

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Speaker 1: a filibuster at that point? Um? And so I think

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Speaker 1: there's a lot of moving parts we throw in a

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Speaker 1: Supreme Court battle. UM. You know. So, I do think

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Speaker 1: that the market had thought this was just a layup, UM,

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Speaker 1: and we're now fully in overtime. And as we think

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Speaker 1: about it, the consumer which kind of got some support,

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Speaker 1: and we really shored up the consumer balance sheet through

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Speaker 1: at least July The longer we go, the more concerns

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Speaker 1: we have about their balance sheet credit issues. There small

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Speaker 1: businesses who ran out of the p PP funding long ago.

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Speaker 1: Uh and if we get a second wave as the

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Speaker 1: temperature start to drop across this country. See, I think

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Speaker 1: that's brilliant because I think what Ed just laid out

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Speaker 1: their folks is just the size of it. That's what

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Speaker 1: people are trying hard to figure out. As the price

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Speaker 1: tag and the timetable and all of the uncertainty around this.

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Speaker 1: It's not like they're gonna say, oh, we don't need this.

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Speaker 1: I mean, even when yesterday we had on the on

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Speaker 1: the program Matt Gates. You know, it doesn't get more

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Speaker 1: conservative than Matt Gates. He's a Republican from Florida, and

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Speaker 1: he's even saying they could pass the bill right now

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Speaker 1: in certain and we're talking hundreds of billions of dollars. Still,

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Speaker 1: I mean, it's not a small rump of change, right, So,

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Speaker 1: I mean they're still talking about that. There's agreement on that,

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Speaker 1: even in the ultra conservative wing of the Republican Party.

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Speaker 1: It's just a matter of the timing and and and

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Speaker 1: and what's the confusion and the lack of clarity is

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Speaker 1: coming is from all of the headlines and the social

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Speaker 1: feeds as it relates to the volatile presidential election. Ed

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Speaker 1: Mills is on the line. He has a Washington policy

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Speaker 1: analyst and managing director at Raymond James and Washington. You know,

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Speaker 1: I was speaking with our Crety Gupta throughout the earlier

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Speaker 1: today when I was filling in on balance of power

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Speaker 1: for David Weston about trust. It's not just the geopolitics

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Speaker 1: here in Washington, d c. And and in America, but

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Speaker 1: it's also across the pond because investors are looking at

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Speaker 1: the uncertainty coming out of Europe and in particularly the

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Speaker 1: UK that's reimposing some restrictions. How's that weighing on the

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Speaker 1: mind of investors? D I think it is. I mean,

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Speaker 1: I think that we have, um, you know, seen a

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Speaker 1: hope that other countries were coming around and we're not

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Speaker 1: going to have the second wave, and um, you know,

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Speaker 1: there is this gap between kind of the threat of

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Speaker 1: a second wave and before we can kind of conceivably

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Speaker 1: have a vaccine that is well distributed. UM. But I

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Speaker 1: think probably the question I've gotten the most this week

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Speaker 1: is just kind of are there some risks out there

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Speaker 1: that we didn't really appreciate it that exists last week.

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Speaker 1: Are we going to see some radicalization uh in some

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Speaker 1: policy offerings kind of you know what we have been

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Speaker 1: dealing with kind of internationally, as we've dealt with break that,

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Speaker 1: as we've dealt with Greek debt crisises. We have some

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Speaker 1: known macro events that are coming up, but the kind

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Speaker 1: of out come of those known macro events are known

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Speaker 1: unknowns at this point. So what do you think is

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Speaker 1: the biggest, biggest unknown that people aren't thinking about, even

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Speaker 1: if it's elsewhere outside of the pandemic, you know, it's

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Speaker 1: it's a question of do things that seemed radical before

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Speaker 1: become a compromised in the future. Is the middle moving

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Speaker 1: further to the left? Is the middle moving further to

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Speaker 1: the right, depending upon the outcomes. We are getting a

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Speaker 1: lot of questions about whether or not we will have

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Speaker 1: a clear answer on election night or soon thereafter. Does

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Speaker 1: it dragon and then if there are is a democratic suite,

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Speaker 1: maybe we don't see additional justices added to the Supreme Court,

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Speaker 1: but the compromise becomes getting rid of the filibuster, adding

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Speaker 1: d C, adding Puerto Rico as the fifty one and

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Speaker 1: fifty second state, having an agenda that is more aggressive

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Speaker 1: than Biden would be comfortable with prior to what we're

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Speaker 1: about to embark on as an epic fight for the

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Speaker 1: future of the Supreme Court. And I think even beyond that,

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Speaker 1: if that starts to get more normal, just even talking about,

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Speaker 1: for example, a fifty first state or whatnot, or dare

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Speaker 1: I say, abolishing the electoral college, which the last Democratic

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Speaker 1: presidential nomine Hillary Clinton, has already said she's in favor of.

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Speaker 1: I mean that that's where things get even more interesting.

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Speaker 1: But speaking of Hillary Clinton, she actually said at the

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Speaker 1: Bloomberger Quality Summit, UH yesterday that she's not in favor,

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Speaker 1: not in favor of expanding the Supreme Court. So it's

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Speaker 1: about to get interesting. And I totally agree some of

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Speaker 1: the conversations that folks are having right now. There's some

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Speaker 1: high level officials even just weighing in on the conversation,

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Speaker 1: and it's all about how you frame that conversation. At Mills,

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Speaker 1: thank you so much for making the time for me,

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Speaker 1: Sir Washington, policy analysts and managing director at Raymond James

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Speaker 1: and Washington breaking down what happened in the market today.

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Speaker 1: Coming up, what happened to the Supreme Court. We're gonna

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Speaker 1: talk about it and talking about policy politics. They're gonna

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Speaker 1: have more judges, are they? Who knows? We'll talk about it.

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Speaker 1: I'm Kevin Surreli. They're listening to Bloomberg. Why from our nations?

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Speaker 1: How do we reopen this economy? The latest on how

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Speaker 1: this pandemic is impacting farmers? What does this do for

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

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Speaker 1: the influencers, the insides. We're responding to this crisis and

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Speaker 1: manufacturers are stepping up like never before. We're looking at

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Speaker 1: seventy candidates for different ductines. How do we make sure

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Speaker 1: a pandemic of this scale never happens again? This is

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

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Speaker 1: oh five point seven fm h D two. President Trump

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Speaker 1: sees a green light on the Supreme Court. But what

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Speaker 1: impact will it have on the presidential election and on

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Speaker 1: downballot races? Plus, the FED wants more fisk will support

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Speaker 1: coming from Washington, d C. Can they get Washington to

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Speaker 1: reach a deal. We've got a lot to get through.

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Speaker 1: President Trump predicted that the U s. Supreme Court will

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Speaker 1: decide the outcome of the November election. He argued that

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Speaker 1: the Senate should confirm his nominee to replate the late

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Speaker 1: Justice Ruth Bader Ginsburg to break any tie. This was

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Speaker 1: according to remarks that the President made earlier today at

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Speaker 1: the White House, and it's ignited new new energy, really

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Speaker 1: lack of a better word, into the presidential race. Joining

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Speaker 1: me now to dissect the latest comments, Maddie Zuppler, founder

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Speaker 1: of Forward Strategy, senior fellow at the National Taxpayers Union,

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Speaker 1: and former Coalitions director for the House Republican Conference, as

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Speaker 1: well as Richard Fowler, nationally syndicated radio show host and

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Speaker 1: a Fox News contributor. Take a listen panel to what

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Speaker 1: President Trump had to say earlier today about the Supreme

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Speaker 1: Court and the election. Here he is this scam that

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Speaker 1: the Democrats are pulling. It's a scam. The scam will

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Speaker 1: be before the United States Supreme Court. And I think

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Speaker 1: having a four four situation is not a good situation.

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Speaker 1: If you get that. That was President trumperature Feller. So

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Speaker 1: he's saying there's got to be a full bench. I

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Speaker 1: take a Democrats disagree, Um, I listen. I understand the

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Speaker 1: President's urgency to want to have a full bench because

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Speaker 1: he thinks that somehow there's going to be massive voter

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Speaker 1: fraud coming up in the next election, even though there's

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Speaker 1: no fact that point to that. Um. And I think

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Speaker 1: that the American people will understand how to vote by mail. UM.

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Speaker 1: But anyway, I digress. I think, you know, I have

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Speaker 1: a very clear lout about the current reality of the

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Speaker 1: Supreme Court. And the current reality is the Republicans have

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Speaker 1: the majority. While they're breaking with their own rule, they

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Speaker 1: do have the majority and they will likely get a

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Speaker 1: justice on the Court. Now, I mean, I I do.

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Speaker 1: I am concerned about this white and this White House

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Speaker 1: talking point about we wanted to be thorough but rapid,

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Speaker 1: because I don't think those things are mutually I think

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Speaker 1: those things are mutually exclusive. But with that being said,

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Speaker 1: I think it's the clear eyed and realizing that Donald

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Speaker 1: Trump will likely and all from everything that I'm looking at,

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Speaker 1: get a third Supreme Court justice. Maddie Doubler, I mean,

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Speaker 1: it looks like he's seeing the green light, especially as

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Speaker 1: Senator Romney, or Republican from Utah, says that he's in

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Speaker 1: favor in favor of having that vote on the Supreme Court.

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Speaker 1: Justice well, and you know, I don't really think any

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Speaker 1: of this should be too surprising, Kevin, to anyone who's

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Speaker 1: been following along for the last couple of years. What

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Speaker 1: the Senate, but the United States Senate has been doing

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Speaker 1: for the past four years is confirming judges non stop.

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Speaker 1: This has been, uh, the number one one of the

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Speaker 1: number one priorities of the majority leader. And you know,

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Speaker 1: this has been happening for federal courts across the country.

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Speaker 1: So certainly it would be the case when there is

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Speaker 1: an opportunity to put a new justice forward for Supreme

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Speaker 1: Court the United States and is going to fill its

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Speaker 1: role in doing so. UM, it's interesting to me. I

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Speaker 1: feel like, you know, the last four years have presented

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Speaker 1: a lot of lessons that will either demonstrate we learned

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Speaker 1: that or we haven't. But the one that I think,

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Speaker 1: UH is crucial for understanding, particularly for Democrats right now,

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Speaker 1: is how energized conservatives are about the court because almost

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Speaker 1: fifty years or so, conservatives across this country have felt

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Speaker 1: that a progressive court has been the last stay on

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Speaker 1: things that are life or death important to them, and

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Speaker 1: now that it's starting to change, with the opportunity to

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Speaker 1: reshape the court, and understandably progressives are upset about that,

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Speaker 1: but that also energizes conservatives in a way not many

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Speaker 1: other issues do. Well we talk about this. I mean,

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Speaker 1: that's such an astute point, Matty Duppler, because we talked

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Speaker 1: about the issue of the Supreme Court, and we have

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Speaker 1: to go on the data flow of two thousand and eighteen, right,

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Speaker 1: because two thousand and eighteen was after Brett Kavanaugh was

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Speaker 1: confirmed to the Supreme Court in a contentious nominate action process,

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Speaker 1: and Republicans won a net gain of two seats in

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Speaker 1: the US Senate. So in the Senate, the Republicans where

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Speaker 1: there was where where where the process went through, they

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Speaker 1: won seats. Now, obviously in the House, Democrats picked up

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Speaker 1: a handful of more than a handful of seats and

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Speaker 1: turned several suburbs back to blue. So it really is

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Speaker 1: going to be a very fascinating case study and how

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Speaker 1: this particular, this particular nomination process, Richard Fowler, whether or

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Speaker 1: not it's going to help the presidential because it was

431
00:25:34,800 --> 00:25:37,119
Speaker 1: split when it goes to when it goes to the

432
00:25:37,160 --> 00:25:38,639
Speaker 1: Senate into the House. But if you look at the

433
00:25:38,640 --> 00:25:42,040
Speaker 1: Senate where the process went through, Republicans picked up two seats. Richard,

434
00:25:43,119 --> 00:25:45,080
Speaker 1: I think that's a very that's a very you know,

435
00:25:45,320 --> 00:25:47,159
Speaker 1: a very great point of information. And I think it's

436
00:25:47,200 --> 00:25:49,760
Speaker 1: important for all the viewers at home on this that

437
00:25:49,920 --> 00:25:53,760
Speaker 1: as we look at this countrys they're listeners. Go ahead,

438
00:25:54,200 --> 00:25:57,000
Speaker 1: you know, sorry, we're all radio. I didn't want anyone

439
00:25:57,040 --> 00:25:58,919
Speaker 1: to think that they were watching me on TV, though, hey,

440
00:25:58,920 --> 00:26:03,680
Speaker 1: I'd be open to it. But um, the listeners is

441
00:26:04,760 --> 00:26:07,639
Speaker 1: this ideal and the and the notion that you know,

442
00:26:08,000 --> 00:26:11,320
Speaker 1: at the end of the day, the demographic of the

443
00:26:11,400 --> 00:26:15,520
Speaker 1: country are changing, and as these demographics change, it is

444
00:26:15,560 --> 00:26:20,399
Speaker 1: going in the favor of more a more diversified Senate.

445
00:26:20,560 --> 00:26:23,520
Speaker 1: Right if you think about who is what diversity looks like,

446
00:26:23,600 --> 00:26:27,320
Speaker 1: that's folks like Kamala Harris and Corey Booker. And it

447
00:26:27,400 --> 00:26:30,040
Speaker 1: also means a more progressive Senate. So I do think

448
00:26:30,080 --> 00:26:32,840
Speaker 1: that where um, my colleague is right is that Mitch

449
00:26:32,880 --> 00:26:35,600
Speaker 1: McConnell has been very focused on judges because they know,

450
00:26:35,680 --> 00:26:38,320
Speaker 1: if you look at this Senate map, the Republicans have

451
00:26:38,400 --> 00:26:40,920
Speaker 1: a lot of ground that they have to maintain, and

452
00:26:40,920 --> 00:26:43,000
Speaker 1: as they maintain that ground, they maintain that ground in

453
00:26:43,119 --> 00:26:46,560
Speaker 1: states that are slowly but surely moving to the left.

454
00:26:46,800 --> 00:26:49,480
Speaker 1: Think about a state like Arizona, where Martha McSally's in

455
00:26:49,480 --> 00:26:51,439
Speaker 1: the fight of her life. Current most recent polls have

456
00:26:51,680 --> 00:26:54,879
Speaker 1: down almost eight to ten points. Right. Same thing in

457
00:26:54,920 --> 00:26:57,640
Speaker 1: North Carolina with Tom Tillis. He is at a state

458
00:26:57,720 --> 00:27:00,879
Speaker 1: that was a reliable red state now as a Democratic

459
00:27:00,920 --> 00:27:03,920
Speaker 1: governor and could likely Tom Silis could likely lose his

460
00:27:04,040 --> 00:27:07,720
Speaker 1: reelection Iowa. Polders came out not to not too long ago.

461
00:27:07,800 --> 00:27:10,720
Speaker 1: That shows that Jones Joni Earns, a Republican in a

462
00:27:10,880 --> 00:27:13,399
Speaker 1: very red states, could possibly lose a re election. The

463
00:27:13,480 --> 00:27:16,000
Speaker 1: country is beginning to shift, which is why I think

464
00:27:16,040 --> 00:27:19,359
Speaker 1: you sue so much rapid movement for Republicans to fill

465
00:27:19,400 --> 00:27:21,800
Speaker 1: this seat because they understand that many of the issues

466
00:27:21,800 --> 00:27:26,040
Speaker 1: that progressive care about are protected by five four majorities.

467
00:27:26,040 --> 00:27:28,920
Speaker 1: Whether it be the rights for the LGBTQ community to

468
00:27:29,040 --> 00:27:32,480
Speaker 1: get married, whether it be the trans protection for students,

469
00:27:32,800 --> 00:27:36,040
Speaker 1: whether we Brown versus the Board of Education, all of

470
00:27:36,080 --> 00:27:40,399
Speaker 1: these landmark decisions are protected on five four decisions and

471
00:27:40,520 --> 00:27:43,640
Speaker 1: market calendar right, because this is really what it comes

472
00:27:43,680 --> 00:27:48,520
Speaker 1: down to. November or November eleventh, right after the election.

473
00:27:48,840 --> 00:27:51,280
Speaker 1: The Affordable Care Act, Mattie Dupler is something that really

474
00:27:51,280 --> 00:27:54,919
Speaker 1: motivates Republicans. I would argue that the Affordable Care Actor, Obamacare,

475
00:27:55,600 --> 00:27:58,159
Speaker 1: that that was one of the main issues back in

476
00:27:58,359 --> 00:28:02,159
Speaker 1: uh in in into thousand and sixteen. In terms of

477
00:28:02,200 --> 00:28:05,880
Speaker 1: the Supreme Court decision on on the Affordable Care Act

478
00:28:05,880 --> 00:28:10,160
Speaker 1: and Exitbule suggested healthcare was was really really remarkable. In fact,

479
00:28:10,240 --> 00:28:12,639
Speaker 1: Hillary Clinton was asked about the Affordable Care Act of

480
00:28:12,680 --> 00:28:14,960
Speaker 1: the Bloomberger Quality Summit here she is take a list

481
00:28:15,000 --> 00:28:19,880
Speaker 1: of having this seat filled, uh right now as opposed

482
00:28:19,920 --> 00:28:23,400
Speaker 1: to waiting until we know who the president is could

483
00:28:23,560 --> 00:28:26,840
Speaker 1: very well mean the end of the Affordable Care Act

484
00:28:27,080 --> 00:28:31,240
Speaker 1: and the loss of healthcare for millions of Americans who

485
00:28:31,280 --> 00:28:38,080
Speaker 1: have suffered from COVID nineteen. It was former Democratic president

486
00:28:38,360 --> 00:28:41,320
Speaker 1: presidential nominee Hillary Clinton. I was speaking earlier today at

487
00:28:41,440 --> 00:28:45,440
Speaker 1: the at the Bloomberger Quality Summit. But November ten, Maddie,

488
00:28:45,560 --> 00:28:48,200
Speaker 1: is when the Supreme Court could take up another argument

489
00:28:48,560 --> 00:28:51,360
Speaker 1: on the Affordable Care Act, which is right after right

490
00:28:51,400 --> 00:28:53,960
Speaker 1: after the election. So if they want, if you want

491
00:28:54,000 --> 00:28:58,880
Speaker 1: to have a Supreme Court justice participate in the case

492
00:28:58,960 --> 00:29:02,000
Speaker 1: ahead of it, they've got here opening arguments. And that's

493
00:29:02,000 --> 00:29:05,640
Speaker 1: why November ten is just as important as November three,

494
00:29:05,640 --> 00:29:07,920
Speaker 1: and why it could be a motivating issue for Republicans.

495
00:29:07,920 --> 00:29:09,640
Speaker 1: I love the Bruce Springsteen. It always makes me think,

496
00:29:09,760 --> 00:29:11,200
Speaker 1: you know who? This song makes me think of. When

497
00:29:11,240 --> 00:29:14,000
Speaker 1: I Marty Shanker and my Bloomberg interview, he was like,

498
00:29:14,080 --> 00:29:16,640
Speaker 1: what is? What is? Who do you listen to? Kevin?

499
00:29:16,760 --> 00:29:20,680
Speaker 1: I said Marty Marty Shanker, I listened to Bruce Springsteen.

500
00:29:20,720 --> 00:29:24,000
Speaker 1: I'm Kevin Sereli, chief Washington correspondent for Bloomberg Television and

501
00:29:24,000 --> 00:29:37,040
Speaker 1: for Bloomberg Radio. You're listening to Bloomberg ninety nine one.

502
00:29:44,160 --> 00:29:48,719
Speaker 1: This is Bloomberg Sound On with Kevin Surreley on Bloomberg

503
00:29:49,880 --> 00:29:52,240
Speaker 1: and one all five point seven F M H D two.

504
00:29:53,200 --> 00:29:57,000
Speaker 1: I'm Kevin Surreally. I'm the chief Washington correspondent for Bloomberg

505
00:29:57,120 --> 00:30:00,600
Speaker 1: Television and for Bloomberg Rady. You know, how can you

506
00:30:00,680 --> 00:30:03,000
Speaker 1: not be in a good mood on a daylight today? Right?

507
00:30:03,160 --> 00:30:05,160
Speaker 1: So much to be grateful for. It's like the perfect

508
00:30:05,200 --> 00:30:09,560
Speaker 1: fall day in Washington, d C. You know, I'm outside,

509
00:30:10,040 --> 00:30:13,120
Speaker 1: I got my ice coffee. You know, it's just it's

510
00:30:13,200 --> 00:30:15,760
Speaker 1: just such a beautiful day and you almost forget about it.

511
00:30:15,880 --> 00:30:18,520
Speaker 1: I don't know the pandemic. Maddie Doubler's on the line, Maddie,

512
00:30:18,600 --> 00:30:21,920
Speaker 1: you forget about the pandemic today. I have not, but

513
00:30:21,960 --> 00:30:23,600
Speaker 1: you know you gave me the idea we could do

514
00:30:23,720 --> 00:30:26,640
Speaker 1: the show outside when it's beautiful. We should get good

515
00:30:26,640 --> 00:30:30,600
Speaker 1: wind screens, and then we can distance and be together

516
00:30:30,720 --> 00:30:35,120
Speaker 1: doing the show. I agree. Christine Barata is like gonna

517
00:30:35,320 --> 00:30:37,880
Speaker 1: be so mad at me for openly suggesting that. She's like,

518
00:30:37,920 --> 00:30:41,880
Speaker 1: that's what we have meetings for, Kevin, I'm like Richard

519
00:30:41,920 --> 00:30:47,280
Speaker 1: Fowler formally dashing Richard Fowler, nationally syndicated radio show host

520
00:30:47,280 --> 00:30:52,040
Speaker 1: and Fox News contributor. Richard, you know on the daylight today,

521
00:30:52,320 --> 00:30:55,560
Speaker 1: you gotta be grateful, Am I wrong? Yes? I think

522
00:30:55,600 --> 00:30:57,680
Speaker 1: you have to be grateful to be alive and be

523
00:30:57,720 --> 00:31:02,400
Speaker 1: grateful to you eighth of America. UM. And I think

524
00:31:02,440 --> 00:31:04,360
Speaker 1: at the same time you have to sort of also

525
00:31:04,440 --> 00:31:07,719
Speaker 1: think about where we are the country. You know, I

526
00:31:07,760 --> 00:31:10,480
Speaker 1: wanted some humor and some brevity, and you just take

527
00:31:10,520 --> 00:31:15,479
Speaker 1: it right back into politics, alright, where we are? All right?

528
00:31:15,840 --> 00:31:17,800
Speaker 1: All right? I want to talk about the economy because

529
00:31:17,840 --> 00:31:19,960
Speaker 1: FED chair J. Powell said that there needed to be

530
00:31:20,000 --> 00:31:23,560
Speaker 1: some more fiscal stimulus and fiscal support uh coming out

531
00:31:23,560 --> 00:31:26,040
Speaker 1: of coming out of the nation's capital and it's not

532
00:31:26,200 --> 00:31:28,920
Speaker 1: just folks FED share Powell, I mean one after the other,

533
00:31:29,000 --> 00:31:32,240
Speaker 1: Vice Chairman, Richard Clarena, Randy Quarrel's all a host of

534
00:31:32,280 --> 00:31:35,239
Speaker 1: other FED governors. I mean they've all been pressing, and

535
00:31:35,360 --> 00:31:39,440
Speaker 1: I mean pressing on Washington, d C to get some

536
00:31:39,480 --> 00:31:41,960
Speaker 1: more fiscal support. We actually have a sound bite from

537
00:31:41,960 --> 00:31:44,680
Speaker 1: FED Shair J. Powell from earlier today. Take a listen

538
00:31:44,720 --> 00:31:46,800
Speaker 1: to the FED chairman here. He is, I do think

539
00:31:46,800 --> 00:31:50,320
Speaker 1: small businesses um would benefit from more PPP support, and

540
00:31:50,360 --> 00:31:52,880
Speaker 1: I think there's probably very wide agreement on that. So

541
00:31:52,920 --> 00:31:55,479
Speaker 1: there's wide agreement on a Maddie but and even the

542
00:31:55,520 --> 00:31:58,560
Speaker 1: base Democrats are agreeing on But I mean I look

543
00:31:58,560 --> 00:32:00,320
Speaker 1: at the timetable, I don't think that. I think the

544
00:32:00,360 --> 00:32:02,400
Speaker 1: earliest really we could get this is the lame Duck

545
00:32:02,440 --> 00:32:05,520
Speaker 1: December eleventh, which is of course when the House Continuing

546
00:32:05,560 --> 00:32:10,360
Speaker 1: Resolution expires the CR deal. Right, So you've got Bene

547
00:32:10,360 --> 00:32:12,840
Speaker 1: officials today is saying that it's not enough for the

548
00:32:12,880 --> 00:32:16,160
Speaker 1: Federal Reserve to provide massive amounts of liquidity. Congress has

549
00:32:16,200 --> 00:32:18,520
Speaker 1: to do something. You've got you and me keV for

550
00:32:18,600 --> 00:32:22,400
Speaker 1: the past months saying the exact same thing every week,

551
00:32:22,480 --> 00:32:24,720
Speaker 1: wondering when Congress is going to get it back together.

552
00:32:25,280 --> 00:32:28,720
Speaker 1: Um and listen, you know this is a really tricky time.

553
00:32:28,840 --> 00:32:32,160
Speaker 1: I think that you can say both things can be true.

554
00:32:32,200 --> 00:32:34,960
Speaker 1: That the summer has been better economically for the United

555
00:32:35,000 --> 00:32:37,920
Speaker 1: States than was previously expected and was even previously expected

556
00:32:37,920 --> 00:32:40,840
Speaker 1: by the Federal Reserve. That the American economy and the

557
00:32:40,960 --> 00:32:44,600
Speaker 1: resiliency of the American economy has been on full display.

558
00:32:44,760 --> 00:32:47,920
Speaker 1: That can be true, while at the same time acknowledging

559
00:32:47,960 --> 00:32:50,400
Speaker 1: that we are nowhere near out of the woods yet,

560
00:32:50,480 --> 00:32:53,800
Speaker 1: both on the public health uncertainties and on the economic

561
00:32:53,840 --> 00:32:57,480
Speaker 1: pressures that the pandemic has presented. And for Congress to

562
00:32:57,560 --> 00:33:01,840
Speaker 1: continue to abdicate its response ability and addressing those pressures,

563
00:33:01,880 --> 00:33:04,120
Speaker 1: you know, it gives populace on both sides of the

564
00:33:04,160 --> 00:33:06,440
Speaker 1: pooklial something to Hey, you know, you've got the last

565
00:33:06,440 --> 00:33:10,360
Speaker 1: two saying that Congress only cares about the entrenched interests

566
00:33:10,760 --> 00:33:12,760
Speaker 1: UH in the United States, and you've got the right

567
00:33:13,000 --> 00:33:16,240
Speaker 1: saying that Congress you know, doesn't do doesn't actually get

568
00:33:16,240 --> 00:33:19,280
Speaker 1: cater to individuals and businesses and the people who actually

569
00:33:19,320 --> 00:33:21,760
Speaker 1: provide jobs in this country. And both of them are

570
00:33:21,880 --> 00:33:25,520
Speaker 1: right in this scenario, because you had governments that had

571
00:33:25,560 --> 00:33:27,680
Speaker 1: shut down the economy. I mean, to contain the viruses

572
00:33:27,800 --> 00:33:31,080
Speaker 1: may have been necessary, but as a result, we're now

573
00:33:31,120 --> 00:33:36,160
Speaker 1: facing uh A, an economy that was otherwise healthy and

574
00:33:36,200 --> 00:33:38,160
Speaker 1: that really needs a lot of support to get back

575
00:33:38,160 --> 00:33:39,680
Speaker 1: on its feet, and a lot of the support that

576
00:33:39,720 --> 00:33:41,640
Speaker 1: was built, and so the Cares Act is going to

577
00:33:41,640 --> 00:33:44,000
Speaker 1: be running out this month. September is really do or

578
00:33:44,040 --> 00:33:46,920
Speaker 1: die for a lot of industries that have been depending

579
00:33:47,320 --> 00:33:51,240
Speaker 1: on extending support through the fall, you know, Richard, I

580
00:33:52,120 --> 00:33:55,200
Speaker 1: listened to Maddie and then I think of the airline industry.

581
00:33:55,560 --> 00:33:59,160
Speaker 1: I think of frozen student loans, student loan debt, all

582
00:33:59,200 --> 00:34:02,000
Speaker 1: that's expired at the end of the year. I mean,

583
00:34:02,200 --> 00:34:04,200
Speaker 1: for folks who think that we're not that, you know,

584
00:34:04,560 --> 00:34:06,760
Speaker 1: this is the calm before the storm. I mean, the

585
00:34:07,080 --> 00:34:10,879
Speaker 1: the calendar, the political and the economic calendar are so

586
00:34:10,960 --> 00:34:14,320
Speaker 1: intertwined at this point, whether it's the debate on Monday

587
00:34:14,400 --> 00:34:16,560
Speaker 1: or up until November three, or the mail in ballots

588
00:34:16,600 --> 00:34:20,200
Speaker 1: of the Supreme Court nomination. You know, you've got a

589
00:34:20,280 --> 00:34:23,040
Speaker 1: November ten Supreme Court on the Affordable Care Act. You've

590
00:34:23,080 --> 00:34:27,279
Speaker 1: got December eleven, then when the when the funding for

591
00:34:27,320 --> 00:34:29,839
Speaker 1: the government runs out, and then of course the end

592
00:34:29,840 --> 00:34:31,919
Speaker 1: of the year when the fiscal support for all those

593
00:34:31,960 --> 00:34:35,879
Speaker 1: industries roll out. I mean this, this is I I remember,

594
00:34:35,920 --> 00:34:38,680
Speaker 1: you know, you know, we would go to cap lounge

595
00:34:39,200 --> 00:34:43,879
Speaker 1: and we would cover the we would cover the shutdowns

596
00:34:44,080 --> 00:34:46,480
Speaker 1: as if they were monumental, and they were at the time.

597
00:34:46,719 --> 00:34:49,080
Speaker 1: But what we're about to step into as a country

598
00:34:49,080 --> 00:34:53,279
Speaker 1: on the fiscal front in this town remarkable, Richard, remarkable.

599
00:34:54,440 --> 00:34:57,480
Speaker 1: I'm remarkable as an understatement, and I think it is

600
00:34:57,520 --> 00:35:01,279
Speaker 1: an understatement. It's hard to even characterize it. And the

601
00:35:01,320 --> 00:35:03,520
Speaker 1: one thing that you're missing here, and I think my

602
00:35:03,520 --> 00:35:05,239
Speaker 1: colleague brought it up, and I think she's right to

603
00:35:05,280 --> 00:35:10,359
Speaker 1: say it is we're also dealing with coronavirus. Coronavirus has

604
00:35:10,400 --> 00:35:13,480
Speaker 1: not gone away. There's not I mean, Donald Trump continued

605
00:35:13,520 --> 00:35:15,759
Speaker 1: to tell us that there's going to be this vaccine

606
00:35:15,840 --> 00:35:18,600
Speaker 1: on November three, but all the scientists say that seems

607
00:35:18,640 --> 00:35:22,160
Speaker 1: to be unlikely. And you know, we also know if

608
00:35:22,200 --> 00:35:24,719
Speaker 1: we look at our history from the flu flu pandemic

609
00:35:24,719 --> 00:35:30,120
Speaker 1: of when they saw the second wave was when you

610
00:35:30,280 --> 00:35:34,880
Speaker 1: overlaid the pandemic on top of the generic flu season.

611
00:35:34,920 --> 00:35:37,400
Speaker 1: And that is where we are getting ready to enter into.

612
00:35:37,640 --> 00:35:42,360
Speaker 1: So there's so many unknown but let me zero in,

613
00:35:42,520 --> 00:35:44,040
Speaker 1: but let me press you, Richard. Let me let me

614
00:35:44,080 --> 00:35:45,719
Speaker 1: let me zero in on the on the fact of

615
00:35:45,840 --> 00:35:48,920
Speaker 1: fiscal support and fiscal stimulus. Because who are really at

616
00:35:48,960 --> 00:35:52,560
Speaker 1: the intersection of the of the democratic socialists as well

617
00:35:52,600 --> 00:35:56,200
Speaker 1: as the more centrist Democrats. You talked to both of

618
00:35:56,239 --> 00:36:00,000
Speaker 1: those contingencies more than just more than anybody in this town.

619
00:36:00,600 --> 00:36:03,400
Speaker 1: What do you think it will take for there to

620
00:36:03,480 --> 00:36:06,360
Speaker 1: be some more support on the left and more unified

621
00:36:06,440 --> 00:36:10,160
Speaker 1: support to lower that threshold so that there can be

622
00:36:10,239 --> 00:36:14,200
Speaker 1: fiscal support. Because the Republicans are saying that they've gone

623
00:36:14,239 --> 00:36:17,279
Speaker 1: as high as they can go. Can the Democrats go

624
00:36:17,400 --> 00:36:20,360
Speaker 1: lower to get to more fiscal support? I think that

625
00:36:20,400 --> 00:36:22,279
Speaker 1: there is room for the Democrats to go lower. I

626
00:36:22,360 --> 00:36:25,839
Speaker 1: think the biggest sticking point for the Democratic Party, uh

627
00:36:25,920 --> 00:36:29,320
Speaker 1: and some sensible Republicans is aid to stay in local

628
00:36:29,320 --> 00:36:32,720
Speaker 1: government and not just blue state local not just blue states,

629
00:36:32,719 --> 00:36:35,680
Speaker 1: but also red state. Remember, the federal government, as you

630
00:36:35,719 --> 00:36:38,080
Speaker 1: all know, have the ability to print money, they have

631
00:36:38,160 --> 00:36:41,360
Speaker 1: the ability to run up deficits. In many states and

632
00:36:41,400 --> 00:36:44,239
Speaker 1: in many cities, they don't have that same ability. So

633
00:36:44,280 --> 00:36:46,520
Speaker 1: when we think about as we get into budget cycle

634
00:36:46,640 --> 00:36:49,240
Speaker 1: for many of these states in these cities. They're looking

635
00:36:49,280 --> 00:36:51,880
Speaker 1: at the budget and it's not it's it's how do

636
00:36:52,000 --> 00:36:54,400
Speaker 1: we make how do we get to a zero at

637
00:36:54,400 --> 00:36:56,160
Speaker 1: the end? How do we balance the budget? And they're

638
00:36:56,160 --> 00:36:59,120
Speaker 1: gonna balance the budget on the backs of educators, on

639
00:36:59,160 --> 00:37:01,680
Speaker 1: the backs of fire or fighters, on the backs of

640
00:37:01,760 --> 00:37:03,920
Speaker 1: social workers, on the backs of the people that have

641
00:37:04,000 --> 00:37:07,800
Speaker 1: been helping as a stock gap to hold back this pandemic.

642
00:37:07,880 --> 00:37:10,439
Speaker 1: So we really have to think about I'm not saying

643
00:37:10,480 --> 00:37:11,840
Speaker 1: that you have to go all the way up to

644
00:37:11,880 --> 00:37:14,880
Speaker 1: the Pelosi target, but Republicans really have to sort of

645
00:37:14,880 --> 00:37:16,880
Speaker 1: come off the table and say, yes, we understand that

646
00:37:16,920 --> 00:37:19,960
Speaker 1: there has to be some funding given to the local

647
00:37:20,000 --> 00:37:22,920
Speaker 1: government or this could all fall apart. All right, we're

648
00:37:22,920 --> 00:37:25,000
Speaker 1: gonna check in with what's on the panel's radar. Coming

649
00:37:25,040 --> 00:37:26,719
Speaker 1: up next. My name is Kevin Cereli on the Chief

650
00:37:26,719 --> 00:37:30,400
Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio. You're

651
00:37:30,440 --> 00:37:59,040
Speaker 1: listening to Bloomberg One. I'm Kevin Surreally, I'm the chief

652
00:37:59,040 --> 00:38:02,720
Speaker 1: Washington correspond and for Bloomberg Television and for Bloomberg Radio.

653
00:38:02,760 --> 00:38:05,440
Speaker 1: I love that song, right the Eagles. The lyrics are

654
00:38:05,440 --> 00:38:07,680
Speaker 1: a poem. I'm telling you go read those lyrics take

655
00:38:07,719 --> 00:38:11,120
Speaker 1: It Easy by the Eagles, and and I said to

656
00:38:11,160 --> 00:38:14,600
Speaker 1: our to our our colleague who runs the sound or roof,

657
00:38:14,680 --> 00:38:17,399
Speaker 1: I said, if we have Governor Jan Brewer on, we've

658
00:38:17,440 --> 00:38:19,879
Speaker 1: got to we've got to have that song take It Easy,

659
00:38:19,920 --> 00:38:23,160
Speaker 1: because back many years ago, when I was an intern

660
00:38:23,200 --> 00:38:27,239
Speaker 1: at the Arizona Republic, I did a piece on Winslow, Arizona,

661
00:38:27,600 --> 00:38:32,160
Speaker 1: and how that lyric from that song inspired a very

662
00:38:32,239 --> 00:38:36,040
Speaker 1: small town in Navajo County, Arizona to come together to

663
00:38:36,200 --> 00:38:40,160
Speaker 1: create a tourist stop, a tourist stop on the corner,

664
00:38:40,200 --> 00:38:44,160
Speaker 1: standing on a corner in Winslow, Arizona, to provide some

665
00:38:44,280 --> 00:38:49,360
Speaker 1: economic you know, instagram worthy, I guess photographs for for

666
00:38:49,400 --> 00:38:53,560
Speaker 1: passersbys off of Root sixty six. My next guest, who

667
00:38:53,640 --> 00:38:55,920
Speaker 1: knows a thing or two about the great state of Arizona.

668
00:38:56,520 --> 00:39:00,520
Speaker 1: Former governor of the state, Jan Brewer, she's a Republican governor.

669
00:39:00,880 --> 00:39:02,319
Speaker 1: What do you give me? Give me some of your

670
00:39:02,360 --> 00:39:06,240
Speaker 1: memories of Winslow, Arizona before we talk politics. And unbelievable,

671
00:39:06,440 --> 00:39:09,680
Speaker 1: that just brought floods of memories back to me. You know,

672
00:39:09,880 --> 00:39:12,920
Speaker 1: it was at the small community. And then when they

673
00:39:13,000 --> 00:39:16,800
Speaker 1: just designated that I was channing on the corner and Winslow,

674
00:39:16,880 --> 00:39:20,640
Speaker 1: Arizona became so popular. But I had relatives that lived

675
00:39:20,640 --> 00:39:24,440
Speaker 1: in Winslow, Arizona, and they ran the bakery. They're the

676
00:39:24,520 --> 00:39:27,480
Speaker 1: only bakery way back in the olden days. And then

677
00:39:27,520 --> 00:39:30,799
Speaker 1: they also worked on the railroad because the Union Pacific ran,

678
00:39:30,880 --> 00:39:35,279
Speaker 1: you know, across through the through flag stapp And it

679
00:39:35,360 --> 00:39:38,360
Speaker 1: was just a beautiful place. They were up there amongst

680
00:39:38,360 --> 00:39:41,960
Speaker 1: the mountains and the Native Americans, and that was and

681
00:39:42,040 --> 00:39:46,600
Speaker 1: still is a special place, um, you know. And I

682
00:39:46,600 --> 00:39:48,480
Speaker 1: had no idea you were gonna bring that up that

683
00:39:48,600 --> 00:39:54,320
Speaker 1: we love Blow Arizona, I remembered, so finally know we

684
00:39:54,400 --> 00:39:58,200
Speaker 1: also have relatives. There was Michael Jackson relatives. The Jackson

685
00:39:58,320 --> 00:40:02,520
Speaker 1: Five actually spent a summer and in the in the

686
00:40:02,600 --> 00:40:06,080
Speaker 1: late nineties sixties, the Jackson Five really polished off their uh,

687
00:40:06,640 --> 00:40:10,759
Speaker 1: their acts in Winslow, Arizona. And if you've ever right

688
00:40:11,560 --> 00:40:15,160
Speaker 1: the fact that I know this, oh I'm hearing something, Governor,

689
00:40:15,920 --> 00:40:24,120
Speaker 1: but I don't know, it's not okay, okay, yeah, uh

690
00:40:24,160 --> 00:40:27,759
Speaker 1: and uh And in addition to that, uh, if that

691
00:40:28,000 --> 00:40:31,160
Speaker 1: wasn't enough, the Jackson Five and Winslow, Arizona, they actually

692
00:40:31,239 --> 00:40:35,279
Speaker 1: it's it's the fictional town and Disney Pixars Cars is

693
00:40:35,320 --> 00:40:37,239
Speaker 1: based off of Winslow, Arizona, So I know all of

694
00:40:37,280 --> 00:40:41,080
Speaker 1: this stuff based off a profile and it's cute town.

695
00:40:42,200 --> 00:40:45,880
Speaker 1: You are, absolutely you've got a lot of that around.

696
00:40:45,880 --> 00:40:51,200
Speaker 1: That's amazing that that alright, alright, Governor, what's going on

697
00:40:51,520 --> 00:40:54,040
Speaker 1: with these wildfires? You've got a lot of experience. You know,

698
00:40:54,080 --> 00:40:57,719
Speaker 1: when you were governor, you had wildfires ravaged through Arizona.

699
00:40:58,080 --> 00:41:00,200
Speaker 1: What should be done? Because the way that it's aim

700
00:41:00,239 --> 00:41:03,520
Speaker 1: of the mainstream press is if you if you it's

701
00:41:03,640 --> 00:41:06,560
Speaker 1: the issue of climate change, and everyone else is a

702
00:41:06,600 --> 00:41:09,479
Speaker 1: denier of climate change. But what walk us through how

703
00:41:09,800 --> 00:41:14,080
Speaker 1: it's more complex than just that issue? Well it is.

704
00:41:14,200 --> 00:41:17,040
Speaker 1: I mean, we know that our forests at first and foremost,

705
00:41:17,080 --> 00:41:19,319
Speaker 1: we know that the undergrowth and the and the not

706
00:41:19,400 --> 00:41:22,640
Speaker 1: being able to go in there and send it out,

707
00:41:22,960 --> 00:41:25,719
Speaker 1: cause it's great distress when you get split because it's

708
00:41:25,719 --> 00:41:28,120
Speaker 1: just more feel for the fire. And of course there

709
00:41:28,160 --> 00:41:30,560
Speaker 1: are pros and cons. I guess people don't think that

710
00:41:30,600 --> 00:41:32,760
Speaker 1: we need to spend them out, but in the meantime,

711
00:41:32,840 --> 00:41:35,080
Speaker 1: we're burning up all our forests. You know, when I

712
00:41:35,120 --> 00:41:39,200
Speaker 1: happen to have been here in uh in Arizona during

713
00:41:39,239 --> 00:41:45,439
Speaker 1: the largest UH wildfire, the Wallow Uh and way back.

714
00:41:45,480 --> 00:41:47,800
Speaker 1: I think it started in oh what in May of

715
00:41:47,920 --> 00:41:50,839
Speaker 1: two thousands and eleven, and it just grew and grew,

716
00:41:51,000 --> 00:41:54,520
Speaker 1: you know, it took over New Mexico and Arizona to

717
00:41:54,520 --> 00:41:59,200
Speaker 1: the tune of about five three thousand acres. I was devastated,

718
00:41:59,600 --> 00:42:01,800
Speaker 1: and when I went up to the Governor's office, the

719
00:42:01,840 --> 00:42:03,560
Speaker 1: first thing I wanted to do is talk to my

720
00:42:03,600 --> 00:42:06,719
Speaker 1: emergency medical people and the fire people and get my

721
00:42:06,800 --> 00:42:09,959
Speaker 1: hands on because I actually, Kevin grew up in California,

722
00:42:10,360 --> 00:42:12,880
Speaker 1: but I knew how devastating fires were. I mean, I

723
00:42:12,920 --> 00:42:15,000
Speaker 1: lived it. I was surrounded by the Endus Crest and

724
00:42:15,040 --> 00:42:18,800
Speaker 1: the Biggle Yellows and the Sambordino, all the run the canyon,

725
00:42:19,160 --> 00:42:21,560
Speaker 1: all of which is burning up right now, you know,

726
00:42:21,640 --> 00:42:25,160
Speaker 1: I mean there's in flames. But so I know that

727
00:42:25,200 --> 00:42:29,240
Speaker 1: the devastation is just horrible. People losing their lives, people

728
00:42:29,280 --> 00:42:32,279
Speaker 1: losing everything that they've ever owned, um, you know. And

729
00:42:32,320 --> 00:42:34,360
Speaker 1: then after all that happens to them and they have

730
00:42:34,440 --> 00:42:37,360
Speaker 1: nothing left in their heart is broken? What next? The

731
00:42:37,680 --> 00:42:39,920
Speaker 1: rains come and then it's the mud slides and the

732
00:42:40,000 --> 00:42:44,239
Speaker 1: land slides. It's just terrible. So what needs to be

733
00:42:44,320 --> 00:42:47,200
Speaker 1: done because it's such a complex issue with the forest management,

734
00:42:47,200 --> 00:42:50,760
Speaker 1: it's it's so so complex with public land use versus

735
00:42:50,800 --> 00:42:54,000
Speaker 1: private owner land, a privately owned land. What needs to

736
00:42:54,040 --> 00:42:55,800
Speaker 1: be done? What would clear it up in order to

737
00:42:55,840 --> 00:42:57,960
Speaker 1: make sure that when this happens, it could be alleviated.

738
00:42:58,840 --> 00:43:01,760
Speaker 1: We need to know we can be able to sit down.

739
00:43:01,960 --> 00:43:03,560
Speaker 1: That's what they need to do. We need to know

740
00:43:03,640 --> 00:43:05,200
Speaker 1: that we should be able to sit down and talk

741
00:43:05,200 --> 00:43:08,760
Speaker 1: to these people. But everybody on both sides, I might say,

742
00:43:08,920 --> 00:43:12,319
Speaker 1: they just don't want any compromise. But when you don't

743
00:43:12,360 --> 00:43:15,200
Speaker 1: compromise about what it is that you should do, then

744
00:43:15,280 --> 00:43:18,840
Speaker 1: nothing happens. And then you just go with this recycle, recycle, recycle,

745
00:43:19,239 --> 00:43:22,360
Speaker 1: putting a lot of people's life, I might say, into

746
00:43:22,480 --> 00:43:26,680
Speaker 1: high danger. Just absolutely. I mean, the desk is it's

747
00:43:26,760 --> 00:43:30,000
Speaker 1: it's just bad. But until the environmentalists and the other

748
00:43:30,040 --> 00:43:33,000
Speaker 1: people on the other side come together, it's not a

749
00:43:33,000 --> 00:43:35,480
Speaker 1: whole lot you can do. You can educate people, you

750
00:43:35,520 --> 00:43:39,160
Speaker 1: can close down the campfires, you can close down the highways.

751
00:43:39,520 --> 00:43:42,560
Speaker 1: You can remind people that sparks, just one little spark

752
00:43:43,120 --> 00:43:45,239
Speaker 1: on the highway from a chain or something that you're

753
00:43:45,280 --> 00:43:49,239
Speaker 1: dragging behind you on a motorcycle. Whatever can start a

754
00:43:49,320 --> 00:43:51,600
Speaker 1: fire and it and then it just get just wound,

755
00:43:51,719 --> 00:43:55,600
Speaker 1: it just blows up, and then you've got a huge, massive,

756
00:43:55,880 --> 00:43:59,600
Speaker 1: very very expensive issue on your hands, and it's a

757
00:43:59,680 --> 00:44:02,040
Speaker 1: tear able and then you have to rely on the

758
00:44:02,080 --> 00:44:05,520
Speaker 1: federal government SEMA, you know, and a DIMA and all

759
00:44:05,560 --> 00:44:07,960
Speaker 1: those people and other states come in and help you.

760
00:44:08,480 --> 00:44:11,200
Speaker 1: And water, of course is always short and steer. So

761
00:44:11,239 --> 00:44:14,520
Speaker 1: it's a devastating thing for these um things to happen

762
00:44:14,560 --> 00:44:17,200
Speaker 1: in our country. And if they would sit down, in

763
00:44:17,280 --> 00:44:19,640
Speaker 1: my opinion, and I'm certainly not an expert, but I

764
00:44:19,640 --> 00:44:22,680
Speaker 1: can just tell you from personal experiences, we need to

765
00:44:22,680 --> 00:44:24,880
Speaker 1: spend our forest. We need to spend it. We need

766
00:44:24,920 --> 00:44:27,279
Speaker 1: to get more fire breaks in there, and we need

767
00:44:27,320 --> 00:44:32,319
Speaker 1: to make people aware every day. It's like, uh, a

768
00:44:32,400 --> 00:44:35,839
Speaker 1: real public campaign going on. You know, most people like

769
00:44:35,920 --> 00:44:38,120
Speaker 1: you are probably familiar with the dangers of it. But

770
00:44:38,560 --> 00:44:41,959
Speaker 1: we have such a new population all the time because

771
00:44:42,000 --> 00:44:45,040
Speaker 1: we're growing and growing and growing. People come and they

772
00:44:45,040 --> 00:44:47,320
Speaker 1: decide they're going to go camping because it's so accessible

773
00:44:47,360 --> 00:44:50,279
Speaker 1: and so easy and it's so beautiful. They don't realize

774
00:44:50,840 --> 00:44:55,800
Speaker 1: how how things get out of hand so quick, Governor.

775
00:44:55,800 --> 00:44:58,640
Speaker 1: It's just it's just completely heartbreaking. And I think it's

776
00:44:58,680 --> 00:45:00,960
Speaker 1: a very complex issue, and and you did such a

777
00:45:01,000 --> 00:45:03,560
Speaker 1: great job there in terms of explaining just the complexities

778
00:45:03,600 --> 00:45:05,320
Speaker 1: of it. And we've been trying to have that conversation

779
00:45:05,360 --> 00:45:07,800
Speaker 1: on this program as well. I want to pivot the

780
00:45:07,840 --> 00:45:11,680
Speaker 1: presidential politics because Cindy McCain came out and endorsed Democratic

781
00:45:11,680 --> 00:45:15,400
Speaker 1: presidential nominee Joe Biden within the last day. Take a

782
00:45:15,440 --> 00:45:18,160
Speaker 1: listen to Cindy McCain here she is. I'm hoping that

783
00:45:18,239 --> 00:45:21,239
Speaker 1: I can convince suburban women who are kind of on

784
00:45:21,320 --> 00:45:25,120
Speaker 1: offense about things, uh, to come with me on this

785
00:45:25,239 --> 00:45:28,520
Speaker 1: and step step out of their comfort zone and and

786
00:45:28,600 --> 00:45:31,840
Speaker 1: joined team Biden. That was Cindney McCain, of course, the

787
00:45:31,840 --> 00:45:35,400
Speaker 1: the widow of the late Senator John mcanna, Republican from Arizona.

788
00:45:35,440 --> 00:45:37,759
Speaker 1: I just got my hands on a new poll released today,

789
00:45:37,760 --> 00:45:40,920
Speaker 1: a Washington Post ABC News poll released earlier today that

790
00:45:41,040 --> 00:45:47,080
Speaker 1: found fort of Arizona likely voters want Trump back Biden.

791
00:45:47,800 --> 00:45:49,960
Speaker 1: I need to get your reaction to to Cindy McCain

792
00:45:50,000 --> 00:45:53,400
Speaker 1: and also this poll go ahead. Well, Cindy McCain, of course,

793
00:45:53,440 --> 00:45:56,000
Speaker 1: as an old friend the old friend, but a long

794
00:45:56,080 --> 00:45:59,440
Speaker 1: term friend of the Biden, and you know, Biden was

795
00:45:59,560 --> 00:46:02,040
Speaker 1: very close to John McCain. But the bottom line is

796
00:46:02,040 --> 00:46:05,080
Speaker 1: is that if you're a Republican, what they are doing

797
00:46:05,160 --> 00:46:08,719
Speaker 1: now with that Democratic Party, it is just absolutely the

798
00:46:08,800 --> 00:46:11,759
Speaker 1: farthest thing from what Republicans want to vote for or

799
00:46:11,840 --> 00:46:14,880
Speaker 1: independent I believe, who wants to live in a left

800
00:46:14,960 --> 00:46:20,680
Speaker 1: we fastest socialist country and that's where that's where they're headed,

801
00:46:20,719 --> 00:46:24,280
Speaker 1: that's where they're going. And Joe Biden has bought into

802
00:46:24,320 --> 00:46:26,960
Speaker 1: all of that. And so it just is ridiculous. And

803
00:46:27,000 --> 00:46:32,880
Speaker 1: why turn your back on Republicans um um philosophies when

804
00:46:33,200 --> 00:46:35,960
Speaker 1: you know that you might not like the way Trump

805
00:46:36,000 --> 00:46:39,560
Speaker 1: delivers the message, but you like what he's what he

806
00:46:39,640 --> 00:46:42,320
Speaker 1: has accomplished. I mean, when you look at the economy

807
00:46:42,360 --> 00:46:45,800
Speaker 1: and the jobs that he has created, it's just unbelievable.

808
00:46:45,880 --> 00:46:51,160
Speaker 1: And the and the the border and illegal immigration. I mean,

809
00:46:51,719 --> 00:46:54,240
Speaker 1: it's just it's just unbelievable. We are just so proud

810
00:46:54,280 --> 00:46:55,920
Speaker 1: of it. So you think he's gonna win Ariza You

811
00:46:55,960 --> 00:46:58,040
Speaker 1: think Trump's gonna hold Arizona, and you think you're gonna

812
00:46:58,040 --> 00:47:00,680
Speaker 1: win the Senate seat because it's well, it's about aground

813
00:47:00,719 --> 00:47:02,879
Speaker 1: hope that we're going. It's gonna be real tight. It's

814
00:47:02,880 --> 00:47:04,600
Speaker 1: gonna be tight, there's no doubt about it. But we

815
00:47:04,719 --> 00:47:08,080
Speaker 1: see now that people are reality. Reality is setting in

816
00:47:08,600 --> 00:47:12,080
Speaker 1: a difference, and we're gonna get it done. We are

817
00:47:12,120 --> 00:47:13,520
Speaker 1: going to get it done. A right God. Well, if

818
00:47:13,520 --> 00:47:15,440
Speaker 1: I get back on the campaign trail, I want to

819
00:47:15,440 --> 00:47:18,320
Speaker 1: meet you in Winslow and we'll have some we'll stand

820
00:47:18,320 --> 00:47:20,920
Speaker 1: on a corner. All right, We've got a picture. Governor

821
00:47:21,000 --> 00:47:24,480
Speaker 1: Jan Brewer, former governor of Arizona, Republican. I love this

822
00:47:24,719 --> 00:47:27,400
Speaker 1: I love this song. It's one of my pandemic anthems.

823
00:47:27,440 --> 00:47:37,840
Speaker 1: You're listening to Bloomberg Stolen Warrants this season, friend taking taking,

824
00:47:41,160 --> 00:47:51,840
Speaker 1: don't look the sound of your scrub crazy. You don't

825
00:47:51,880 --> 00:47:58,560
Speaker 1: even try to understand. Just find the place you're listening

826
00:47:58,600 --> 00:48:01,960
Speaker 1: to Bloomberg Sound Off on with Kevin Surreley on Bloomberg

827
00:48:03,080 --> 00:48:05,399
Speaker 1: and one oh five point seven FM h D two.

828
00:48:05,960 --> 00:48:08,960
Speaker 1: Keen's texted me during the show, I gotta be focused.

829
00:48:09,320 --> 00:48:12,680
Speaker 1: I gotta be focused. I know it. Tom always making

830
00:48:12,680 --> 00:48:17,720
Speaker 1: me laugh. Tom Keene on Bloomberg Surveillance with the Indefatigable Crew,

831
00:48:18,840 --> 00:48:21,600
Speaker 1: Lisa Probaly Wit said Jonathan Baroh. I'm telling you, if

832
00:48:21,600 --> 00:48:24,360
Speaker 1: you you can listen to a cross platform Bloomberg surveillance,

833
00:48:24,400 --> 00:48:26,200
Speaker 1: it's they're just do It's such a great job. I

834
00:48:26,239 --> 00:48:27,759
Speaker 1: mean they've always done a great job, but they're just

835
00:48:28,160 --> 00:48:30,920
Speaker 1: killing it. Uh. My name is Kevin Sirelei. I'm the

836
00:48:30,960 --> 00:48:36,120
Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. Man,

837
00:48:36,160 --> 00:48:38,040
Speaker 1: I'm thinking about all of the great food that I

838
00:48:38,040 --> 00:48:39,880
Speaker 1: had out in Arizona when I when I spent the

839
00:48:39,880 --> 00:48:42,600
Speaker 1: summer out there. It's gorgeous out there. I love that state.

840
00:48:42,680 --> 00:48:45,600
Speaker 1: Mattie Doupler's with me, founder of Forward Strategies, Richard Faller,

841
00:48:45,920 --> 00:48:48,680
Speaker 1: nationally syndicated radio show host and a Fox News contributor.

842
00:48:49,600 --> 00:48:52,960
Speaker 1: Have either of you ever been to Arizona? Sure have.

843
00:48:53,120 --> 00:48:56,920
Speaker 1: I'm married to an Arizonaan who talks about the food constantly.

844
00:48:58,960 --> 00:49:03,240
Speaker 1: If we could impo just like a one one hundred

845
00:49:03,480 --> 00:49:06,560
Speaker 1: of the burritos that the Arizona DC, you know, much

846
00:49:06,600 --> 00:49:09,440
Speaker 1: better off people would be here. I'm telling you, I

847
00:49:09,920 --> 00:49:14,560
Speaker 1: never knew that that Mexican food could taste that good. Seriously,

848
00:49:14,600 --> 00:49:17,520
Speaker 1: like it was the best Richard Faller you ever been there?

849
00:49:17,680 --> 00:49:20,840
Speaker 1: Beautiful state I have. I haven't said can say that

850
00:49:20,840 --> 00:49:23,160
Speaker 1: I've stayed long in Arizona. But that just means I

851
00:49:23,239 --> 00:49:26,000
Speaker 1: have to go back now, doesn't it. No, Well, oh yeah,

852
00:49:26,000 --> 00:49:28,600
Speaker 1: we had a We had a guest on the other week.

853
00:49:28,640 --> 00:49:31,360
Speaker 1: You told us you tried to convince us that that

854
00:49:31,440 --> 00:49:34,320
Speaker 1: Arizona was known for its pizza. I said, Arizona is

855
00:49:34,360 --> 00:49:37,600
Speaker 1: known from many things, not it's pizza, and I like pizza.

856
00:49:38,080 --> 00:49:41,320
Speaker 1: But anyway, all right, it's time from my favorite favorite

857
00:49:41,360 --> 00:49:44,759
Speaker 1: part of the show. What is on your radar, Richard Faller.

858
00:49:44,800 --> 00:49:48,160
Speaker 1: What's on your radar on my radar tonight is what's

859
00:49:48,200 --> 00:49:50,640
Speaker 1: taking place in Louisville, Kentucky. I mean, like that will

860
00:49:50,680 --> 00:49:54,040
Speaker 1: have across the country, which is the recent grand jury

861
00:49:54,120 --> 00:49:59,400
Speaker 1: ruling to indict one of the police officers around in

862
00:49:59,440 --> 00:50:02,720
Speaker 1: the Brianna Taylor case for sort of you know, shooting

863
00:50:02,719 --> 00:50:05,840
Speaker 1: into the window, but not indicting the two officers. The

864
00:50:05,880 --> 00:50:08,319
Speaker 1: other two officers who were in the apartment. UM, and

865
00:50:08,360 --> 00:50:12,799
Speaker 1: one of their bullets fatally wounded and killed on Brianna Taylor. UM.

866
00:50:12,840 --> 00:50:16,080
Speaker 1: So there seems to be protest activity now, And I

867
00:50:16,120 --> 00:50:18,480
Speaker 1: do think you know what makes this case so interesting,

868
00:50:18,840 --> 00:50:21,560
Speaker 1: UM and why it's on my radars because the city

869
00:50:21,560 --> 00:50:26,200
Speaker 1: of Louisville, UM, thanks to the Brianna Taylor family, was

870
00:50:26,239 --> 00:50:29,120
Speaker 1: starting to move in the right direction. Right they were starting,

871
00:50:29,120 --> 00:50:33,400
Speaker 1: they had passed one of the largest settlements in American dollars.

872
00:50:33,960 --> 00:50:36,680
Speaker 1: Let me, let's just let's The city earlier this month

873
00:50:36,680 --> 00:50:39,280
Speaker 1: agreed to pay Taylor's family twelve million dollars in enact

874
00:50:39,560 --> 00:50:42,480
Speaker 1: a series of reforms to improve relations with the community

875
00:50:42,680 --> 00:50:45,759
Speaker 1: and prevent future shooting incidents, to settle a lawsuit over

876
00:50:45,760 --> 00:50:49,279
Speaker 1: her death, and the judge set bail for Hankerson at

877
00:50:49,320 --> 00:50:51,480
Speaker 1: fifteen thou dollars. Go ahead, I just we have time.

878
00:50:51,520 --> 00:50:55,040
Speaker 1: I want to. I want to. Yeah, I'm glad you

879
00:50:55,080 --> 00:50:57,279
Speaker 1: brought that up right, because the settlement around reform, the

880
00:50:57,280 --> 00:51:00,520
Speaker 1: reforms are actually the reforms are actually quite powerful. One

881
00:51:00,520 --> 00:51:04,600
Speaker 1: of those reforms would be to to basically in incentivized

882
00:51:04,640 --> 00:51:07,040
Speaker 1: officers to live in the communities where their work, which

883
00:51:07,040 --> 00:51:09,120
Speaker 1: is one of the biggest problems, the biggest breakdowns and

884
00:51:09,120 --> 00:51:12,040
Speaker 1: trust we have is that whether for good or for

885
00:51:12,160 --> 00:51:15,480
Speaker 1: whether good. There we know nited centcomps are good, but

886
00:51:15,520 --> 00:51:17,640
Speaker 1: the idea that the cops goes home to another neighborhood

887
00:51:18,000 --> 00:51:20,680
Speaker 1: takes away from one would argue their ability to sort

888
00:51:20,680 --> 00:51:23,880
Speaker 1: of sympathize and empathizes who live in that community. The

889
00:51:23,960 --> 00:51:26,080
Speaker 1: second part of the bill would hire the second part

890
00:51:26,080 --> 00:51:28,319
Speaker 1: of the forms that hire more mental health therapists and

891
00:51:28,360 --> 00:51:31,640
Speaker 1: counselors so that instead of, you know, cops responding to

892
00:51:31,719 --> 00:51:34,600
Speaker 1: mental health calls, they would have mental health care professionals

893
00:51:34,600 --> 00:51:37,840
Speaker 1: who have years of training respond to those calls. U

894
00:51:38,000 --> 00:51:40,200
Speaker 1: And now, you know, we see that we really do

895
00:51:40,280 --> 00:51:42,720
Speaker 1: have a larger problem in this country when it comes

896
00:51:42,760 --> 00:51:46,320
Speaker 1: to how we deal with policing. Not saying that policing

897
00:51:46,360 --> 00:51:48,920
Speaker 1: in itself is bad, but the system in which they

898
00:51:49,000 --> 00:51:52,279
Speaker 1: operate in is in desperate need to reform. In the

899
00:51:52,360 --> 00:51:55,000
Speaker 1: case of Brianna Taylor, it was a no knock warrant,

900
00:51:55,080 --> 00:51:58,640
Speaker 1: which is I believe to be by a strong violation

901
00:51:58,680 --> 00:52:02,359
Speaker 1: of our constitution. Um. And you know, I think those

902
00:52:02,360 --> 00:52:03,719
Speaker 1: are the reforms that we need to make. And I

903
00:52:03,719 --> 00:52:05,680
Speaker 1: think when you think about community policing, which is what

904
00:52:05,760 --> 00:52:09,680
Speaker 1: the conversation is happening in Louisville across the country, community

905
00:52:09,719 --> 00:52:14,160
Speaker 1: policing simply is just ensuring that police officers afford everybody

906
00:52:14,160 --> 00:52:18,080
Speaker 1: their constitutional rights and not just a chosen few. You know,

907
00:52:18,120 --> 00:52:20,840
Speaker 1: I want to. I want to just you know, know,

908
00:52:21,160 --> 00:52:25,360
Speaker 1: I mean that tonight Louisville has a curfew for nine o'clock.

909
00:52:26,160 --> 00:52:29,279
Speaker 1: I mean, just so the protests that are anticipated in

910
00:52:29,360 --> 00:52:34,200
Speaker 1: Louisville this evening. Uh, no doubt will will will warrant

911
00:52:34,600 --> 00:52:40,000
Speaker 1: national attention. Richard. I appreciate you talking about that, discussing

912
00:52:40,000 --> 00:52:44,319
Speaker 1: this incredibly important story. Uh, Maddie Doubler, what's on your radar? Uh?

913
00:52:44,360 --> 00:52:46,359
Speaker 1: You know, Kevin, I was going to talk about what

914
00:52:46,440 --> 00:52:48,759
Speaker 1: I know best, which is economic data, but I don't

915
00:52:48,800 --> 00:52:51,239
Speaker 1: want to take away from what Richard just said because

916
00:52:51,239 --> 00:52:53,960
Speaker 1: I think that's just so how much more important UM

917
00:52:54,000 --> 00:52:56,400
Speaker 1: as you as most of users know, I'm from Wisconsin.

918
00:52:56,520 --> 00:52:59,160
Speaker 1: I spent most of the summer in Wisconsin with my family.

919
00:52:59,520 --> 00:53:01,719
Speaker 1: This is prior to what happened in Kanosha, but it

920
00:53:01,800 --> 00:53:05,640
Speaker 1: was while what was happening in Minneapolis was going on. Uh.

921
00:53:05,680 --> 00:53:08,000
Speaker 1: And I think for I don't want to speak for

922
00:53:08,120 --> 00:53:09,719
Speaker 1: you know, everyone's from the Midwest, but I think for

923
00:53:09,760 --> 00:53:12,120
Speaker 1: those of us who are Northerners, we this was the

924
00:53:12,160 --> 00:53:15,520
Speaker 1: first time a lot of people are experiencing this conversation.

925
00:53:15,600 --> 00:53:19,160
Speaker 1: And I think that what Richard just laid out, UM

926
00:53:19,360 --> 00:53:23,040
Speaker 1: is the way that we need to be really scrutinizing

927
00:53:23,080 --> 00:53:24,920
Speaker 1: the circumstances in front of us. And as you know

928
00:53:25,000 --> 00:53:26,880
Speaker 1: that the work I do was in coalitions, right, and

929
00:53:26,880 --> 00:53:29,040
Speaker 1: that's been the really frustrating part to like at what's

930
00:53:29,040 --> 00:53:31,200
Speaker 1: happening in the country right now, as we reckon with

931
00:53:31,320 --> 00:53:34,520
Speaker 1: this moment in time, and the fact that there are

932
00:53:34,560 --> 00:53:36,680
Speaker 1: people and our brothers decisions the country who have not

933
00:53:36,719 --> 00:53:39,080
Speaker 1: been afforded the same opportunities and rights as some of

934
00:53:39,080 --> 00:53:41,520
Speaker 1: the rest of us. Um. But let me let me

935
00:53:41,600 --> 00:53:44,719
Speaker 1: unpack this. Let me unpack this because Maddie Duppler, when

936
00:53:44,760 --> 00:53:47,640
Speaker 1: she was on the hill, she ran coalitions for their

937
00:53:47,640 --> 00:53:51,400
Speaker 1: House Republican conference. I mean, she was literally the person

938
00:53:51,719 --> 00:53:54,520
Speaker 1: who had to find coalitions. You know. I'm looking at

939
00:53:55,239 --> 00:53:58,280
Speaker 1: a piece of legislation that Kentucky Senator Ran Paul Republican

940
00:53:58,320 --> 00:54:03,200
Speaker 1: from Kentucky introduced over the summer in June about the

941
00:54:03,960 --> 00:54:08,840
Speaker 1: you know, with with regards to what happens to uh

942
00:54:09,080 --> 00:54:13,480
Speaker 1: Brianna Taylor. And I mean, is that potentially an opportunity

943
00:54:13,560 --> 00:54:18,359
Speaker 1: for Democrats and Republicans to come together on on this?

944
00:54:18,560 --> 00:54:21,399
Speaker 1: I mean, he's got that should be. It should be

945
00:54:21,400 --> 00:54:24,840
Speaker 1: because look, just been diagrams colleges have been diagrams, right,

946
00:54:24,880 --> 00:54:27,280
Speaker 1: you want to make those circles that some centric as possible,

947
00:54:27,280 --> 00:54:29,600
Speaker 1: the number of different people you can bring into the fold.

948
00:54:29,920 --> 00:54:33,480
Speaker 1: And what Richard just laid out is something that conservatives

949
00:54:33,480 --> 00:54:36,120
Speaker 1: and Republicans and people who consider them center right should

950
00:54:36,120 --> 00:54:39,040
Speaker 1: be fully on board with. I mean this, this this

951
00:54:39,120 --> 00:54:41,759
Speaker 1: notion that was talking about about qualified immunity. I had

952
00:54:41,760 --> 00:54:44,200
Speaker 1: this conversation many times over the summer where if you

953
00:54:44,239 --> 00:54:47,759
Speaker 1: are someone who was a supporter of our first responders,

954
00:54:47,880 --> 00:54:50,520
Speaker 1: and that is a completely defensible position, we should all

955
00:54:50,880 --> 00:54:54,080
Speaker 1: support our first responders. You should support reforms that allowed

956
00:54:54,160 --> 00:54:56,000
Speaker 1: the good ones to do their jobs and the bad

957
00:54:56,040 --> 00:54:58,120
Speaker 1: ones to be kicked off the force, and to not

958
00:54:58,200 --> 00:55:02,040
Speaker 1: be able to hide behind laws and regulations that make

959
00:55:02,120 --> 00:55:04,160
Speaker 1: it impossible for the good ones to do their job.

960
00:55:04,200 --> 00:55:06,720
Speaker 1: I mean that that is simplifying a very complex issue,

961
00:55:07,120 --> 00:55:09,880
Speaker 1: but that to me has been baffling that we have

962
00:55:10,000 --> 00:55:13,640
Speaker 1: come to a point in our country where people constitutional

963
00:55:13,800 --> 00:55:18,600
Speaker 1: rights are daily under direst and people who claim that

964
00:55:18,600 --> 00:55:22,880
Speaker 1: the constitutions are motivating political factor can't seem to appreciate

965
00:55:22,960 --> 00:55:25,640
Speaker 1: that because the political temperature has written risen so much

966
00:55:25,680 --> 00:55:29,560
Speaker 1: so I think that Richard's point about common sense reforms

967
00:55:29,560 --> 00:55:32,000
Speaker 1: that we're moving forward in Louisville. We need to continue

968
00:55:32,000 --> 00:55:34,880
Speaker 1: to have that conversation about places where we have started

969
00:55:34,920 --> 00:55:37,239
Speaker 1: to have that conversation and started to get it right,

970
00:55:37,520 --> 00:55:39,960
Speaker 1: and when we're recognizing that all of our communities are

971
00:55:40,000 --> 00:55:45,480
Speaker 1: safer when we work together to find solutions to these problems.

972
00:55:45,520 --> 00:55:47,319
Speaker 1: I just want to, I just want to. He's got

973
00:55:47,320 --> 00:55:49,799
Speaker 1: the Justice for Brianna Taylor Act that Senator Rand Paul

974
00:55:49,800 --> 00:55:54,520
Speaker 1: Wichard banned no knock warrants. Go ahead, Richard. I think

975
00:55:54,920 --> 00:55:56,719
Speaker 1: it was a really good point here, and I'm the

976
00:55:56,760 --> 00:55:58,640
Speaker 1: best way I like to describe it is like this.

977
00:55:59,239 --> 00:56:01,959
Speaker 1: If you in your community, if you were driving down

978
00:56:02,000 --> 00:56:04,880
Speaker 1: the street and you saw the bus driver of the

979
00:56:04,880 --> 00:56:07,160
Speaker 1: school but going in a hundred miles an hour with

980
00:56:07,200 --> 00:56:09,440
Speaker 1: a whole bunch of kids in the back, you would

981
00:56:09,480 --> 00:56:13,600
Speaker 1: want that bus driver not driving children anymore. And the

982
00:56:13,640 --> 00:56:17,480
Speaker 1: same gold floor. If you have a officer who is

983
00:56:17,560 --> 00:56:20,359
Speaker 1: not following the law and order that has dictated them

984
00:56:20,360 --> 00:56:23,280
Speaker 1: in their code of conduct, you don't want that person

985
00:56:23,360 --> 00:56:30,439
Speaker 1: policing your community. And it really should be a very simple, simple, simple, Yeah,

986
00:56:30,480 --> 00:56:32,759
Speaker 1: they shouldn't be organ they shouldn't be police officers, and

987
00:56:32,800 --> 00:56:35,440
Speaker 1: I think we have let the politics of the day

988
00:56:35,719 --> 00:56:38,400
Speaker 1: really get in the way a US preserving the concertional

989
00:56:38,520 --> 00:56:41,840
Speaker 1: rights of everyday American Richard Feller. Such an important conversation,

990
00:56:41,840 --> 00:56:44,719
Speaker 1: Matti Tupler, is such an important conversation, We're gonna have

991
00:56:44,760 --> 00:56:47,719
Speaker 1: to leave it there for for tonight. Coming out much more, well,

992
00:56:47,719 --> 00:56:49,799
Speaker 1: how much more on this throughout the week. And just

993
00:56:49,840 --> 00:56:52,520
Speaker 1: as a final note, Johnson and Johnson has begun dosing

994
00:56:52,600 --> 00:56:55,160
Speaker 1: up to sixty volunteers in a study of its COVID

995
00:56:55,239 --> 00:56:59,560
Speaker 1: nineteen vaccine. This is the first big US trial of

996
00:56:59,640 --> 00:57:04,280
Speaker 1: it and poculation that may work after just one shot.

997
00:57:04,920 --> 00:57:06,880
Speaker 1: So they became the fourth vaccine maker to move its

998
00:57:06,920 --> 00:57:09,479
Speaker 1: Canada into late stage human studies. But this would work,

999
00:57:09,719 --> 00:57:12,200
Speaker 1: this vaccination, the J and J one would work after

1000
00:57:12,280 --> 00:57:15,400
Speaker 1: one shot. Some optimism. We need it right now. I'm

1001
00:57:15,480 --> 00:57:16,880
Speaker 1: Kevin Sarelli. You're listening to Bloomberg.