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Speaker 1: From our nation. All talk here in Washington, d C.

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

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

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

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Speaker 1: Bloomberg Sound On, the Insiders, the Influencers, The Insiders Riding

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

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Speaker 1: country's state government's control elections as in the Constitution. I

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

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

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

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Speaker 1: President Elect Joe Biden starts talking national security. This as

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Speaker 1: President Trump withdrawals troops from the Middle East and breaking

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Speaker 1: news redheadlined crossing the Bloomberg terminal, Judy Shelton's nomination to

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Speaker 1: the Federal Reserve blocked in the Senate. We're gonna have

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Speaker 1: the latest on Shelton's Fed nomination blocked in a blow

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Speaker 1: to President Trump as well. Leader McConnell. We're gonna get

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Speaker 1: to that breaking news coming up, but we begin tonight

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Speaker 1: with the latest developments from the President elects transition team.

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Speaker 1: President elect Joe Biden US speaking today earlier at a

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Speaker 1: national security briefing in Wilmington, Delaware, and he said that

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Speaker 1: he has global ambitions to return America to the world

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Speaker 1: stage over the next four years. Here, he is there've

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Speaker 1: been through a lot of damage done in the last

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Speaker 1: four years, in my view, and we need to rebuild

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Speaker 1: our institutions at and our workforce to reflect the full

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Speaker 1: strength and diversity of our country. While President Elect Joe

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Speaker 1: Biden was updating reporters and the public on his national

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Speaker 1: security plans, President Trump announced continuing rather to announce that

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Speaker 1: he is reducing the number of US troops in Afghanistan

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Speaker 1: and Iraq almost in half. Take a listen to what

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Speaker 1: he had to say earlier. By January one are forces.

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Speaker 1: Their size in Afghanistan will be two thousand, five hundred troops.

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Speaker 1: Our four size in Iraq will also be two thousand

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Speaker 1: five by that same date. That was uh the Acting

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Speaker 1: Defense Secretary Chris Miller speaking about President Trump's plans and

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Speaker 1: all of that happens as Stead Chair j. Powell took

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Speaker 1: part in a moderated discussion at the Bay Area Council

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Speaker 1: Business Hall of Fame Awards ceremony earlier today discussing the

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Speaker 1: state of the economy, Questions of financial stainability arise. Can

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Speaker 1: we afford these deficits and that kind of thing, And

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Speaker 1: those are issues we're gonna need to return to as

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Speaker 1: a country. We won't have a choice. Ultimately, we will

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Speaker 1: return to those issues. They're not issues that that I

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Speaker 1: would prioritize now. The time to be focusing on fiscal

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Speaker 1: sustainability is when unemployment is low, when the economy is growing,

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Speaker 1: when taxes are rolling in, And that's the time to

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Speaker 1: really focus is during the healthy part of the business

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Speaker 1: like well, not when the unemployment rate is high and

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Speaker 1: millions and millions of people are out of work. So

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Speaker 1: that's the state of affairs a geopolitical day, while the

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Speaker 1: Fed Chairman continues to discuss concerns about the economy. Josh

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Speaker 1: wa Wing Grove is first up. He is Bloomberg White

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Speaker 1: House reporter. Josh, let's begin with the geopolitics, obviously, with

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Speaker 1: the economy in the background. But you've got the president

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Speaker 1: announcing significant, significant troop withdrawals as the president elect is

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Speaker 1: discussing national security. Wow, yeah, I mean, I think it's

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Speaker 1: an open question as to whether Biden will reverse some

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Speaker 1: of these, in particular in Afghanistan, you know, going down,

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Speaker 1: and that's well down from the members that we saw

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Speaker 1: you under the abomb administration. For instance. Trump just you know,

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Speaker 1: doesn't believe in these kind of companies. He doesn't think

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Speaker 1: it's America's problem. Of course, the risk here is that

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Speaker 1: leaving could create a power vacuum. Potentially you open the

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Speaker 1: door to extremists groups or hardliners, uh, you know, domestic

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Speaker 1: government of a more hardline faction. So we'll see, we'll

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Speaker 1: see what happens. But you know, Biden has this of

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Speaker 1: America's back mantra, you know, is sort of raises the

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Speaker 1: protect of him joining the w H W H O

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Speaker 1: W T O this kind of thing. But I think

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Speaker 1: that pretty clear contrast today speaks to the broader divide

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Speaker 1: between these two guys. Trump is not all that interested

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Speaker 1: in things beyond America's borders. So as this continues to intensify,

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Speaker 1: what are your sources saying at the White House, Josh,

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Speaker 1: in terms of whether or not there's a divide with

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Speaker 1: regards to, uh, whether or not the president should be

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Speaker 1: making these types of decisions in the final weeks of

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Speaker 1: his administration. Well, I don't think they would see it

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Speaker 1: as much of a divide. You know. National Security Advisor

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Speaker 1: Robert O'Brien spoke to the press today briefly. I know,

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Speaker 1: he did not take questions, but he did speak and

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Speaker 1: he said, look, the President has been doing this for

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Speaker 1: a long time, and that's true. I think they would

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Speaker 1: push back on the notion if Democrats make it as

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Speaker 1: some sort of you know, jarring sprint to you know,

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Speaker 1: anywhere he used to sort of clear off the decks

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Speaker 1: and pursue it. They have been pushing to bring these

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Speaker 1: numbers down for a while. Trump has announced that he

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Speaker 1: wanted to do it. So I think if they would,

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Speaker 1: you know, just say, look, we're just continuing on the past,

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Speaker 1: on the past we were on now a lot of

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Speaker 1: this stuff might get undone. I think that's the backdrop here, right.

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Speaker 1: The problem for Joe Biden, of courses, it doesn't look

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Speaker 1: like he's going to have the Senate. Donald Trump hasn't

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Speaker 1: had the House for two years until a lot of

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Speaker 1: US haff the Trump is doing is in effect unilateral

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Speaker 1: and can be end done by Joe Biden pilically if

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Speaker 1: he wants to. But so far it's a little unclear

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Speaker 1: as to what Biden will do you know he's he Biden.

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Speaker 1: Folks are in touch with a lot of the folks

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Speaker 1: in Canada and Canadian Prime Minister Justin Trudeau. There's sort

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Speaker 1: of a lot of overlap. They share notes a lot.

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Speaker 1: Trudeau ran on the same monentreck Canada as back he says,

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Speaker 1: when he took power back there, I used to cover

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Speaker 1: him and the ended up for doing virtually nothing different

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Speaker 1: on eater natural stage. So it's it's absolutely possible that

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Speaker 1: it ends up similarly, it's just a slogan, provide and

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Speaker 1: something to make if they feel good of of themselves,

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Speaker 1: but doesn't actually translate to a whole lot of change

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Speaker 1: internationally well in terms of the geopolitical development though, I mean,

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Speaker 1: it is fascinating. Josh One grows with us. He has

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Speaker 1: one White House reporter. It is fascinating because we in

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Speaker 1: the in the United States, we always, you know, anticipate

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Speaker 1: that whomever Americans elect to be the president and their administration,

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Speaker 1: that the world will react. We we oftentimes forget that

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Speaker 1: the world and our adversaries are carrying out and concocting

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Speaker 1: plans of their own without and to some degree our knowledge,

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Speaker 1: and so the developments of having um a sitting president

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Speaker 1: removed troops, and then on the you know, in the

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Speaker 1: same time period, having the President elect talking about national security.

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Speaker 1: Just a remarkable, remarkable, uh, twenty four hours just on

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Speaker 1: the geopolitical stance. Meanwhile, fed Share J. Powell we played

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Speaker 1: a bit earlier speaking today about what he views is

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Speaker 1: the virus continuing to wreak havoc in terms of millions

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Speaker 1: of Americans who remain unemployed. What are you hearing from

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Speaker 1: your sources about whether or not there are going to

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Speaker 1: be a serious, serious fiscal stimulus negotiations between Speaker Pelosi

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Speaker 1: and the White House House Well, and it's in the

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Speaker 1: White House or in McConnell, I think, I think this

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Speaker 1: is a reporting that suggests that Trump has basically punted

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Speaker 1: it to the Majority leader, to McConnell. There is not

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Speaker 1: a lot of talk coming from the White House. There's

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Speaker 1: not a lot of talk coming from Trump himself. Of course,

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Speaker 1: he hasn't taken questions from reporters and quite some time now,

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Speaker 1: so he just seems to not be placing any priority

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Speaker 1: on this at all. Of Course, the virus is getting

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Speaker 1: worse across the country. The numbers we're seeing are just shocking.

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Speaker 1: Yesterday was the second highest number of cases on record,

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Speaker 1: second only to a few days earlier. So this is, uh,

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Speaker 1: you know, pretty the need will continue to be there.

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Speaker 1: It looks like it will probably even grow. Governors are

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Speaker 1: taking steps to restrictive but if anything's gonna happen, it's

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Speaker 1: going to be between McConnell and Pelosi, and frankly that

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Speaker 1: this there's not a lot of sign of any movement

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Speaker 1: right now. They remain at lockerheads on how big this

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Speaker 1: should be and just just to have the virus update

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Speaker 1: from my Bloomberg terminal, New York City's COVID nineteen positive

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Speaker 1: test rate over a seven day period stayed below a

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Speaker 1: threshold that would trigger a shutdown of schools. Meanwhile, New

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Speaker 1: Jersey saying that it's intensive care unit bed US has

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Speaker 1: quadrupled over the past six weeks, and groups representing US doctors, nurses,

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Speaker 1: and hospitals urging President Trump to share information about the

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Speaker 1: administration's coronavirus response with President elect Joe Biden's transition team.

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Speaker 1: Any word on that front. Are they coordinating on COVID

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Speaker 1: nineteen information? Not at all, but Alexas are told Bloomberg

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Speaker 1: earlier today in a radio interview that's the health Secretary

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Speaker 1: of Courts that he doesn't think it makes out much

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Speaker 1: of a difference. He says, it's a lot of career

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Speaker 1: staff at CDC, d O D that are handling this.

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Speaker 1: But as you allude to this statement from the hospitals

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Speaker 1: and doctors saying, look, Biden should get a look under

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Speaker 1: the hood now to make sure that the ball doesn't

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Speaker 1: get dropped on the virus response. But you know, in

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Speaker 1: the meantime, Biden pretty much only begged people to wear

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Speaker 1: a mask. We haven't really seen that. The other thing

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Speaker 1: that he's been silent on, which Trump is also silent on,

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Speaker 1: is what Americans should do about Thanksgiving. Pretty Much every

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Speaker 1: health expert out there thinks that Thanksgiving is going to

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Speaker 1: pour fuel on the fire of this pandemic. But both

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Speaker 1: Biden and Trump are being pretty quiet, not wanting to

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Speaker 1: sort of take the step of asking the Americans to

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Speaker 1: skip the dinner. All right, Josh, thanks so much for

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Speaker 1: breaking all of that down for us. That's Josh wyn Growth.

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Speaker 1: He is the Bloomberg White House reporter for us. And

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Speaker 1: coming up, we're gonna pivot to the economy, uh and

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Speaker 1: check in with what happened in the markets today. Lindsay

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Speaker 1: Grant um Uh, it's We're gonna check in with one

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Speaker 1: of our economists, over A, senior Managing director at b

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Speaker 1: d A Partners, Inc. For that update. You can download

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Speaker 1: the Bloomberg down 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 me on Radio dot com, I Heart Radio,

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Speaker 1: and Spotify. I'm Kevin Surreally. I'm grateful to be here.

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Speaker 1: I'm the chief Washington correspondent for Bloomberg TV and Radio.

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Speaker 1: And you're listening to Bloomberg. You're listening to Bloomberg. 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 m HD two. I'm Kevin Surreley, Chief Aushton

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Speaker 1: correspondent for Bloomberg Television and for Bloomberg Radio. Stocks ease

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Speaker 1: off record highs with virus in focus. Claire Ballentine, reporting

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Speaker 1: on the Bloomberg terminal, Stocks pulled back from record highs

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Speaker 1: as investor focused turned to the surge and virus cases

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Speaker 1: and new lockdown measures, overshadowing optimism that COVID nineteen vaccines

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Speaker 1: will eventually end the pandemic. Pharmacy chains were among the

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Speaker 1: worst performers on the Spidecks. After Amazon unveiled a new

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Speaker 1: push into prescription prescription drugs, Tom King was all over that.

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Speaker 1: This morning. Test jumped on news that the Carmaker will

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Speaker 1: join the benchmark US gauge, and treasury yields dipped along

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Speaker 1: with the dollar as Federal Reserve Chairman J Powell said

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Speaker 1: the US economy still has a long way to go

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Speaker 1: before it fully recovers from the pandemic. Take a listen

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Speaker 1: to the Fed chairman speaking at a conference earlier today.

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Speaker 1: Questions of financial stainability arise. Can we afford these deficits

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Speaker 1: and that kind of thing? And those are issues we're

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Speaker 1: gonna need to return to as a country. We won't

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Speaker 1: have a choice. Ultimately, we will return to those issues.

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Speaker 1: They're not issues that that I would prioritize now. The

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Speaker 1: time to be focusing on fiscal sustainability is one unemployment

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Speaker 1: is low, when the economy is growing, when taxes are

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Speaker 1: rolling in, and that's the time to really focus is

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Speaker 1: during the healthy part of the business like well, not

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Speaker 1: when the unemployment rate is high and millions and millions

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Speaker 1: of people are out of work. You, and Rally is

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Speaker 1: a senior managing director at b d A Partners. Thank

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Speaker 1: you so much you and for joining us. I mean,

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Speaker 1: you hear that dynamic in terms of what happened in

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Speaker 1: the markets as well as what the FED Chairman is saying,

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Speaker 1: what will it take to provide some more of that

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Speaker 1: certainty if it can't be the immediacy of a vaccine. Look,

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Speaker 1: I think there are Kevin, thanks for having me, and

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Speaker 1: there are a number of different conflicting UM signals in

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Speaker 1: the market. I think people are terrified on Wall Street

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Speaker 1: about very soft retail environment. Obviously covid UH in the

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Speaker 1: economy was looked like it may have been starting to

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Speaker 1: weaken even before this recent spike in COVID and UM.

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Speaker 1: You know, the irony is that we've got vaccines potentially

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Speaker 1: tantalizingly close but not close enough. So as you hear

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Speaker 1: that from the FED Chairman, which essentially is okay, I

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Speaker 1: mean he's he's been very consistent in terms of trying

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Speaker 1: to urge the folks in and where I am in Washington,

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Speaker 1: d C. To get to some type of fiscal stimulus deal.

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Speaker 1: And yet I'm ready to pull my hair out and

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Speaker 1: I'm gonna put this question coming up to Congressman French

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Speaker 1: Hill in the next hour, Republican from Arkansas, because I

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Speaker 1: I don't think they're gonna there. There's still a world

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Speaker 1: apart you and you know this better than anybody, But

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Speaker 1: they're a world apart in terms of getting to some

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Speaker 1: type of skinny fiscal deal. Yes, Um, look, I think

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Speaker 1: unfortunately it's a great indictment of the current political environment.

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Speaker 1: Politics has trumped everything else. And actually, um, you know,

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Speaker 1: both parties know very well what needs to be done,

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Speaker 1: and I think for various reasons, everybody is whole up

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Speaker 1: coming to the middle and compromising. Um and and and sadly,

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Speaker 1: as I say, we've fallen as a country to to

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Speaker 1: a feebrile and very unhealthy political environment. So as all

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Speaker 1: of that goes on, Uh, this optimism in the public,

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Speaker 1: this public optimism you and about the COVID shots barreling

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Speaker 1: towards the finish line in the three day science feet,

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Speaker 1: I mean you've got whether it's Maderna or Fizer, I

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Speaker 1: mean some really positive positive us. We could even see

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Speaker 1: some images of certain frontline personnel getting the vaccine by

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Speaker 1: the end of the year and then getting a vaccination

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Speaker 1: push in the first co arter of next year. But

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Speaker 1: when you dissect that through a market lens, will that

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Speaker 1: be enough or will it be just too gradual? I

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Speaker 1: think the market is going to be you know, the

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Speaker 1: market is bouncing up with every time there's good news

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Speaker 1: on about VACUM. The market wants to believe that there's

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Speaker 1: a future beyond COVID and and and you know, fundamentally,

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Speaker 1: there are some very healthy signs in in in in

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Speaker 1: the economy, including um, robust emergence and acquisitions activity. I

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Speaker 1: think the market is comfortable with a moderate divided government

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Speaker 1: led by Biden. So so the market wants to believe.

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Speaker 1: And that's why the spot markets have held up reasonably well.

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Speaker 1: But but but candidly, there's you know, every time we

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Speaker 1: think we're through it, there's there's another reason to feel nervous.

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Speaker 1: And this week it's really you know, what feels like

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Speaker 1: out of control COVID numbers not only in the US

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Speaker 1: but actually globally at the moment. Combined you know, combined

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Speaker 1: that with with some some lingering political uncertainty about the

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Speaker 1: presidential election, and you know, you can make a bearish

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Speaker 1: case just as good as you can make a bullish

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Speaker 1: case today. All right, let's talk about President electro Biden

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Speaker 1: in terms of the geopolitical economic team that he is

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Speaker 1: putting together. We all know the names on the president

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Speaker 1: elect shortlist for Treasury secretary um, but what will markets

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Speaker 1: be looking for you and when as the president elect

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Speaker 1: transition team continues onward in the in the weeks ahead. Sure, look,

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Speaker 1: I think Janet Yellen would be would be fine. You know,

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Speaker 1: I think again people in the markets were concerned about

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Speaker 1: whether Biden might be held hostage by the progressive wing

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Speaker 1: of the Democrats, and that doesn't seem to be the

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Speaker 1: case so far. In fact, what we're hearing today is

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Speaker 1: if the converse, the the Justice Democrats, the left wing Democrats,

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Speaker 1: the squad AOC and and and all those guys are

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Speaker 1: jumping up and down because because Biden is putting in

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Speaker 1: place where all the centrist moderate, long time loyalists, as

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Speaker 1: best we can tell, So again, I think Biden sees

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Speaker 1: himself as as reassuring me boring, that's what the markets want.

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Speaker 1: And you know, after the year we've had boring as

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Speaker 1: boring as fantastic news. So it really is remarkable because

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Speaker 1: you know, you you mentioned former fedshare woman Janet Yellen.

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Speaker 1: Of course, there's there's a host of different other names.

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Speaker 1: And I was speaking with some folks over the past

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Speaker 1: couple of days who are involved in that Treasury transition,

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Speaker 1: and and the conversation is going on there, and you know,

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Speaker 1: I would that meshes with my reporting, which is essentially

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Speaker 1: he's not surrounding himself President electual bid enim uh with uh. Rather,

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Speaker 1: I don't want to say who he says. It's more

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Speaker 1: he's it's much more akin to the Obama years. It

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Speaker 1: doesn't appear to be a radical departure in terms of

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Speaker 1: the economic brain, so to speak, of the administration, the

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Speaker 1: incoming administration. It doesn't appear to be too much of

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Speaker 1: a departure in those circles from the Obama years. Is

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Speaker 1: does that match with what you're hearing? Yes, we're hearing

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Speaker 1: the same things, um. And actually again after after a

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Speaker 1: pelly volatile couple of years, and particularly this year where

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Speaker 1: where both parties have been at each other with daggers, Um,

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Speaker 1: you know, anything in the middle is reassuring. And and

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Speaker 1: and you talk about going back to the Obama years,

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Speaker 1: that may literally be the case. You know, Biden is

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Speaker 1: putting in place you know as the chief of staff,

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Speaker 1: deputy chief of staff, many people who have been with

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Speaker 1: him for years and years and and so, you know,

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Speaker 1: people with experience the opposite. It feels like Biden is consciously, um,

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Speaker 1: pushing back against against the the behavior of the Trump administration,

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Speaker 1: which has been to put mavericks on outsiders wherever possible.

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Speaker 1: It's yeah, exactly, um what I want to get your

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Speaker 1: take on this breaking news the red headline on my

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Speaker 1: Bloomberg terminal. I don't know if you saw this, so

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Speaker 1: you know, but Shelton's FED nomination blocked. Judy Shelton's nomination

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Speaker 1: to the Federal Reserve Board was blocked in the Senate earlier,

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Speaker 1: just a couple of hours ago, a stunning defeat for

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Speaker 1: Senate Majority Leader Mitch McConnell and a blow to outgoing

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Speaker 1: President Donald Trump's drive to reshape the US Central Bank

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Speaker 1: before he leaves office. Your reaction like a minute, we

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Speaker 1: we we've we've known. Shelton was, you know, being lined

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Speaker 1: up for for six or nine months. Very controversial and

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Speaker 1: unconventional pick again, a classic Trump pick, deliberately an outsider

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Speaker 1: self described, she said, I am not in the mainstream

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Speaker 1: of economists. Well, We're not talking about, you know, shaking

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Speaker 1: up the swamp here. We're talking about the federal reserve

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Speaker 1: and and and the market absolutely needs to see consistency,

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Speaker 1: normalcy in the federal reserve. UM, Miss McConnell, whatever your

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Speaker 1: opinions of him, we know that he's got a very

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Speaker 1: very strong track record of getting through the people that

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Speaker 1: he wants. UM, he's fallen short on this occasion. We

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Speaker 1: hear there may be a vote again later this week,

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Speaker 1: but we also know that, you know, several Republicans are

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Speaker 1: quite nervous about um uh, this pick of shelter and

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Speaker 1: and and there's some you know, even Republicans are nervous

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Speaker 1: about it, and there's some suggestion which we've got to

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Speaker 1: leave it there. We've got to leave it there. Thank

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Speaker 1: you so much, you and really marksmore coming up next.

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Speaker 1: This is Bloomberg nine one. All Talk here in Washington,

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Speaker 1: d C. Turns to President elect Joe Biden's administration. Historically speaking,

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Speaker 1: the markets have performed better when there is divided government.

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

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Speaker 1: Bloomberg sound Off. The in the influencers inside siding has

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Speaker 1: Thomas again and again he will unite the country's state

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Speaker 1: government's control elections US in the constitution. I think that

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Speaker 1: we can expect a smooth, thoughtful, methodical transition. This is

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

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Speaker 1: D two. The races to flatten the curve again. This

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Speaker 1: as hospitalizations soaring and states now imposing new restrictions. President

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Speaker 1: elect Joe Biden briefs reporters on his national security plans,

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Speaker 1: top of the list, beating the virus. This as President

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Speaker 1: Trump continues to move forward with troop withdrawals from the

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Speaker 1: Middle East. All of that plus my colleague's exclusive interview

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Speaker 1: with Health Secretary as are are they providing data to

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Speaker 1: the President, to the President elect on the transition team.

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Speaker 1: A lot to get through. It's good to be back,

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Speaker 1: and what a busy newsday, folks, because we've got a

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Speaker 1: lot to get through. We begin to night with the

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Speaker 1: big story New York City COVID nineteen positive test rate

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Speaker 1: over a seven day period stayed below a threshold that

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Speaker 1: would trigger a shutdown of schools. This, of course, as

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Speaker 1: states around the country are having to shut down schools. Cities,

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Speaker 1: of course, working with their local official officials as cases

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Speaker 1: continue to surge. Case in Point New Jersey, they said

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Speaker 1: that their intensive care unit bed use has quadrupled over

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Speaker 1: the last six weeks. All of this comes as President

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Speaker 1: elect Joe Biden briefed reporters today on his national at

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Speaker 1: a national security briefing in Wilmington, Delaware. Take a listen

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Speaker 1: to what he had to say. But I've been through

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Speaker 1: a lot of damage done in the last four years,

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Speaker 1: in my view, and we need to rebuild our institutions,

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Speaker 1: that and our workforce to reflect the full strength and

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Speaker 1: diversity of our country. Meanwhile, groups representing US doctors, nurses,

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Speaker 1: and hospitals urged President Trump to share information about the

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Speaker 1: administration's coronavirus response with President elect Biden's transition team. HHS

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Speaker 1: Secretary Alex Asar spoke on Bloomberg Balance of Power earlier

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Speaker 1: today about those urgings. Take a listen to what he said.

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Speaker 1: The distribution planning is being done by career officials at

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Speaker 1: c d C on Operation warp Speed at the Defense Department.

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Speaker 1: These are people whose rules don't change. They're working with

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Speaker 1: our states. That's a transparent back and forth. These documents

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Speaker 1: and materials are very transparent. UM and then the the

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Speaker 1: information with the drug manufacturers. Actually, that type of data

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Speaker 1: goes into the f d a UM and is of

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Speaker 1: course commercial confidential and can only always ever be shared

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Speaker 1: with a very limited number of people, with even even

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Speaker 1: at FDA for consideration. So um, I don't I don't

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Speaker 1: think anything is anything isn't risk from potential government transition.

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Speaker 1: So he says nothing is at risk, but still no

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Speaker 1: formal briefings between the president elect and the outgoing administration

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Speaker 1: on the coronavirus. Lewis Miranda is a former d n

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Speaker 1: C Communication and the director and Director of Communications UH

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Speaker 1: and Politics at Alloy and former Ohio Republican Congressman Jim

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Speaker 1: Urnacy returns as well. Congressman, I gotta start with you

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Speaker 1: here just in terms of from a showing of American confidence,

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Speaker 1: is it wise for the outgoing president to not have

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Speaker 1: his staff brief the team who's going to be responsible

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Speaker 1: for for for really getting up and running many of

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Speaker 1: the plans for this widespread vaccination. Well, look, Kevin, and

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Speaker 1: thank you for having me on. One of the reasons

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Speaker 1: why we do not, you know, UH inaugurate a new

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Speaker 1: president until January is because there is votes that have

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Speaker 1: to be counted. There is certification that has to be

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Speaker 1: done by the state, which is happening, which is moving forward,

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Speaker 1: and then at the same time, UM, there always needs

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Speaker 1: to be a continuation of power or peaceful transition of power. UM.

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Speaker 1: And I don't think that's being none of that's being halted. UM.

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Speaker 1: And as you heard as R say that, UM, that

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Speaker 1: their information is being passed on. The question is are

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Speaker 1: they sitting down together yet? Are they moving forward together yet? UM?

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Speaker 1: I think much of that is getting done. I think

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Speaker 1: they're not. I mean, I have to press I have

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Speaker 1: to press you on this, Congressman, and you know, I'm

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Speaker 1: so grateful that you're back on the show. But there

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Speaker 1: is no there There is no meeting between the president

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Speaker 1: elect transition team and the outgoing administrations. His point is

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Speaker 1: that career bureaucrats are doing it. But is you have

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Speaker 1: to is it uncommon? Exactly what I meant, But but

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Speaker 1: isn't it uncommon? I mean, this is a war against

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Speaker 1: a virus that has caused hundreds of thousands of deaths

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Speaker 1: and has shut down Main Street to Wall Street in

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Speaker 1: many regards. People have lost their jobs, their lives, and

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Speaker 1: they're not even sitting down together. I mean, for is

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Speaker 1: that wise. Well, again, what I said was you you

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Speaker 1: hit the onwhit career, administration, administration to people are working together,

430
00:25:01,520 --> 00:25:04,760
Speaker 1: are talking about what's going on. There is a transitional

431
00:25:04,960 --> 00:25:08,280
Speaker 1: time that will occur. But that's why they inaguration isn't

432
00:25:08,320 --> 00:25:11,960
Speaker 1: ntil January, and we're only you know, ten days in

433
00:25:12,160 --> 00:25:15,200
Speaker 1: what was the election November third, so we're fourteen days

434
00:25:15,240 --> 00:25:17,320
Speaker 1: and thirty days and people get excited, but there is

435
00:25:17,359 --> 00:25:20,040
Speaker 1: another process going on, which is, let's just make sure

436
00:25:20,119 --> 00:25:23,120
Speaker 1: we certify the vote counts and move forward so all

437
00:25:23,200 --> 00:25:26,280
Speaker 1: of this can be done. And and I don't think

438
00:25:26,720 --> 00:25:29,240
Speaker 1: in the past, I don't think we've had elections this closed.

439
00:25:29,520 --> 00:25:32,040
Speaker 1: I don't think we've had states this close. So I

440
00:25:32,080 --> 00:25:34,360
Speaker 1: think there's a whole bunch of difference. And don't tell

441
00:25:34,440 --> 00:25:37,840
Speaker 1: me two thousand similar because two thousand was just one state.

442
00:25:38,240 --> 00:25:41,199
Speaker 1: And I just I'm just a little bit confused as

443
00:25:41,240 --> 00:25:43,880
Speaker 1: to why you're we're going to talk about the runoffs,

444
00:25:43,960 --> 00:25:46,560
Speaker 1: but this segment, we're focusing on the virus Lewis Miranda.

445
00:25:46,640 --> 00:25:49,080
Speaker 1: Let's stay focused on this, please, because this is incredibly

446
00:25:49,080 --> 00:25:51,680
Speaker 1: important because all around the country, whether it's in Maryland

447
00:25:52,160 --> 00:25:55,240
Speaker 1: or right here in the nation's capital, businesses are concerned

448
00:25:55,280 --> 00:25:56,879
Speaker 1: that they're going to have to shut down, or that

449
00:25:56,960 --> 00:25:58,680
Speaker 1: they're going to have to kids are going to have

450
00:25:58,800 --> 00:26:01,480
Speaker 1: to stay home from school. Same question to you, what

451
00:26:01,640 --> 00:26:04,920
Speaker 1: can the president elect do to make sure that the

452
00:26:05,040 --> 00:26:09,840
Speaker 1: outgoing administration is going to be briefing the individuals who

453
00:26:09,920 --> 00:26:12,879
Speaker 1: are going to have to enact many of the supply

454
00:26:13,080 --> 00:26:17,440
Speaker 1: chain vaccinations. Whether it's Visor, whether it's Maderna Lewis, what

455
00:26:17,600 --> 00:26:20,879
Speaker 1: can they do to work together? I mean, this is Americans,

456
00:26:21,280 --> 00:26:26,200
Speaker 1: not Democrats and Republicans. Well, I think the President elect

457
00:26:26,240 --> 00:26:27,760
Speaker 1: has to do what he's been doing, which is to

458
00:26:27,920 --> 00:26:29,800
Speaker 1: move forward where he can. He just had a meeting

459
00:26:29,840 --> 00:26:33,720
Speaker 1: this week with UM business leaders from a variety of

460
00:26:33,720 --> 00:26:37,960
Speaker 1: industries from across the country to be able to set

461
00:26:38,080 --> 00:26:40,480
Speaker 1: a lot of these things in motions that need to

462
00:26:40,560 --> 00:26:43,960
Speaker 1: be done in terms of keeping our economy moving forward

463
00:26:44,000 --> 00:26:46,240
Speaker 1: and figuring out how we deal with things like the coronavirus,

464
00:26:46,800 --> 00:26:49,720
Speaker 1: and and protecting jobs and and all of the things

465
00:26:49,760 --> 00:26:52,399
Speaker 1: that you can do in terms of just engaging the public.

466
00:26:52,440 --> 00:26:54,600
Speaker 1: At the end of the day, UM, the legacy of

467
00:26:54,680 --> 00:26:57,800
Speaker 1: Donald Trump will have been that he politicized something as

468
00:26:57,840 --> 00:27:01,160
Speaker 1: simple and basic is mask wearing, which continues to royal

469
00:27:01,200 --> 00:27:03,080
Speaker 1: our economy and make it hard to get this virus

470
00:27:03,200 --> 00:27:06,600
Speaker 1: under control, and now refuses to let his team move

471
00:27:06,680 --> 00:27:08,959
Speaker 1: forward with a transition that you know, if you look

472
00:27:09,000 --> 00:27:12,720
Speaker 1: at security briefings. Even during the two thousand contested recount,

473
00:27:12,920 --> 00:27:17,440
Speaker 1: Bill Clinton allowed Georgie W. Bush security briefings, right. Um.

474
00:27:17,600 --> 00:27:19,960
Speaker 1: And and that's an example of what we need to

475
00:27:20,040 --> 00:27:23,440
Speaker 1: do when we actually put country above political party. I

476
00:27:23,520 --> 00:27:26,640
Speaker 1: think that as much as the president elect can do. Though,

477
00:27:27,040 --> 00:27:32,200
Speaker 1: the real question here is, um, the Republicans in the

478
00:27:32,359 --> 00:27:37,040
Speaker 1: Senate and in Congress, who start to turn on this

479
00:27:37,240 --> 00:27:42,399
Speaker 1: ridiculousness because, um, you know, the President Trump's legal cases

480
00:27:42,520 --> 00:27:45,720
Speaker 1: continue to fall by the wayside Um, he's having trouble

481
00:27:45,800 --> 00:27:49,439
Speaker 1: and reshuffling his legal team. Um. And you see an

482
00:27:49,440 --> 00:27:53,520
Speaker 1: increasing number of Republicans like Roger Wicker trying to move forward.

483
00:27:53,520 --> 00:27:56,640
Speaker 1: And that happened alright. Meanwhile, just to stick with the economy,

484
00:27:56,680 --> 00:27:59,920
Speaker 1: Home Depots, the Atlanta based home improvement retailer reported quarter

485
00:28:00,000 --> 00:28:04,240
Speaker 1: of least sales that surpassed analysts expectations as consumers keep

486
00:28:04,280 --> 00:28:08,240
Speaker 1: shifting spending it's a household renovation projects. This comes as

487
00:28:08,359 --> 00:28:12,440
Speaker 1: US retail sales rise at the slowest pace in six months.

488
00:28:12,560 --> 00:28:14,919
Speaker 1: Much more coming up with the panel Lewis as well

489
00:28:15,000 --> 00:28:17,680
Speaker 1: as Jim uh And remember, you can download the Bloomberg

490
00:28:17,720 --> 00:28:20,600
Speaker 1: sound on podcasts on Apple iTunes, at Bloomberg dot com,

491
00:28:20,960 --> 00:28:23,320
Speaker 1: or by downloading the Bloomberg Business App. You can also

492
00:28:23,400 --> 00:28:27,320
Speaker 1: find me on Radio dot com, I Heart Radio and Spotify.

493
00:28:27,359 --> 00:28:54,720
Speaker 1: I'm Kevin Sirelli. You're listening to Bloomberg. You're listening to

494
00:28:54,920 --> 00:28:59,479
Speaker 1: Bloomberg Sound On with Kevin Surreley on Bloomberg and one

495
00:28:59,520 --> 00:29:02,120
Speaker 1: oh five point seven F M H D two. Well

496
00:29:02,200 --> 00:29:05,080
Speaker 1: that partisan observers when it comes to count in the votes,

497
00:29:05,240 --> 00:29:08,440
Speaker 1: if we're gonna use more Hill and Valoty, we need

498
00:29:08,560 --> 00:29:15,120
Speaker 1: to have signals for verification. That was Senate Judiciary Committee

499
00:29:15,160 --> 00:29:19,479
Speaker 1: Chairman Lindsay Graham of South Carolina speaking to reporters earlier

500
00:29:19,560 --> 00:29:22,840
Speaker 1: today in the Halls of Congress, discussing his concerns about

501
00:29:22,880 --> 00:29:28,200
Speaker 1: the counting of mail in votes in Arizona, Nevada, and Georgia. Meanwhile,

502
00:29:28,280 --> 00:29:32,400
Speaker 1: Congressman Brendan Boyle, Democrat from Pennsylvania, spoke earlier today with

503
00:29:32,560 --> 00:29:36,600
Speaker 1: my colleagues Tom King, Jonathan Faroh, and Lisa Bramowitz on

504
00:29:36,680 --> 00:29:38,880
Speaker 1: Bloomberg Surveillance. Take listen to what he had to say.

505
00:29:39,600 --> 00:29:41,800
Speaker 1: Let's be clear, Joe Biden at this point has won

506
00:29:41,960 --> 00:29:45,200
Speaker 1: five million more votes. He's up by about four percentage

507
00:29:45,240 --> 00:29:49,720
Speaker 1: points and three six Electoral College votes. Even if somehow

508
00:29:49,840 --> 00:29:53,280
Speaker 1: magically the results changed in a couple of states, even

509
00:29:53,320 --> 00:29:56,080
Speaker 1: if it had changed in free States, Joe Biden would

510
00:29:56,120 --> 00:29:59,400
Speaker 1: still be the President elect of the United States. What

511
00:29:59,560 --> 00:30:02,640
Speaker 1: it does show, though, is, you know, I'm actually not surprised.

512
00:30:02,680 --> 00:30:05,280
Speaker 1: I mean, Donald Trump has thought every election of the

513
00:30:05,360 --> 00:30:10,000
Speaker 1: last decade was fixed, including the election he won. Um,

514
00:30:10,280 --> 00:30:12,680
Speaker 1: So actually it would have been a surprise had he

515
00:30:12,840 --> 00:30:16,840
Speaker 1: conceded and just can admitted that this election was legitimate.

516
00:30:17,160 --> 00:30:19,040
Speaker 1: All right, So what we're gonna do is we're going

517
00:30:19,160 --> 00:30:23,120
Speaker 1: to analytically have this conversation, folks. We are not going

518
00:30:23,240 --> 00:30:28,400
Speaker 1: to delve into I don't even know the spasms of

519
00:30:28,520 --> 00:30:31,520
Speaker 1: Washington d C debates. And I'm very grateful because I

520
00:30:31,680 --> 00:30:35,120
Speaker 1: know Jim murn A, c former congressman, Republican congressman from Ohio.

521
00:30:35,480 --> 00:30:38,760
Speaker 1: I know he hasn't in him. And I know Louis Miranda,

522
00:30:38,840 --> 00:30:41,240
Speaker 1: former d n C Coms Director Ken as well, So

523
00:30:41,400 --> 00:30:44,840
Speaker 1: I know you both are on two very opposing sides

524
00:30:44,880 --> 00:30:46,960
Speaker 1: of the aisle in terms of that we just heard

525
00:30:47,000 --> 00:30:50,040
Speaker 1: from Chairman Graham and Congressman Boyle. That's where they are.

526
00:30:50,640 --> 00:30:56,360
Speaker 1: But Congressman, purely from a political strategist perspective, this is

527
00:30:56,440 --> 00:30:59,640
Speaker 1: all about Georgia. This is all about making sure that

528
00:30:59,760 --> 00:31:03,400
Speaker 1: the Trump based remains within the party correct. Talk about

529
00:31:03,440 --> 00:31:07,440
Speaker 1: it from an analytical perspective, please, well, look, I think

530
00:31:07,520 --> 00:31:11,640
Speaker 1: this is all about making sure elections, uh and votes

531
00:31:11,720 --> 00:31:14,240
Speaker 1: are counted across the country. I am part of the

532
00:31:14,360 --> 00:31:21,959
Speaker 1: National Council on Election Integrity, bipartisan members of Congress, the House,

533
00:31:22,120 --> 00:31:27,120
Speaker 1: the Senate, and military leaders who believe that every vote

534
00:31:27,120 --> 00:31:30,480
Speaker 1: should be counted and the process should occur. And I

535
00:31:30,600 --> 00:31:33,400
Speaker 1: think what we have found is that we have weaknesses

536
00:31:33,440 --> 00:31:36,360
Speaker 1: in our election processes. And one of the things we

537
00:31:36,440 --> 00:31:39,000
Speaker 1: have found is in Georgia and other states, votes haven't

538
00:31:39,000 --> 00:31:42,520
Speaker 1: been counted. So in the end, I think, not only

539
00:31:42,600 --> 00:31:46,080
Speaker 1: for this election, but every election in the future, we

540
00:31:46,280 --> 00:31:49,320
Speaker 1: have to make sure that all votes are counted. Number one.

541
00:31:49,560 --> 00:31:52,400
Speaker 1: Number two, that all legal votes and all those votes

542
00:31:52,480 --> 00:31:55,280
Speaker 1: that should be kind of based on state legislature. That's

543
00:31:55,320 --> 00:31:57,920
Speaker 1: the other thing. When you talk about a legal vote,

544
00:31:58,160 --> 00:32:01,040
Speaker 1: it should be based on that too. Has the authority

545
00:32:01,120 --> 00:32:04,680
Speaker 1: under the Constitution, and it's it's not just about this

546
00:32:04,880 --> 00:32:07,520
Speaker 1: one as much as it's about all the ones in

547
00:32:07,560 --> 00:32:10,320
Speaker 1: the future. I don't care whether it's a Democrat Republican

548
00:32:10,560 --> 00:32:13,360
Speaker 1: who's running. We've got to make sure the votes are counted,

549
00:32:13,520 --> 00:32:15,320
Speaker 1: we've got to make sure the process in every state

550
00:32:15,440 --> 00:32:18,280
Speaker 1: is accurate, and we've got to make sure in the end,

551
00:32:19,000 --> 00:32:23,880
Speaker 1: there's a certifiable election that everyone understands is can be

552
00:32:24,040 --> 00:32:29,560
Speaker 1: supported and we have peaceful transitions. Okay, but where I

553
00:32:29,720 --> 00:32:33,400
Speaker 1: hear what you're saying, I guess I spoke with a

554
00:32:33,480 --> 00:32:39,640
Speaker 1: source today on the connected to the President's re election campaign,

555
00:32:39,920 --> 00:32:44,800
Speaker 1: and even this source is saying there isn't a coherent

556
00:32:44,960 --> 00:32:51,360
Speaker 1: legal strategy, and so it's it's difficult, I think, to

557
00:32:52,000 --> 00:32:58,640
Speaker 1: to hear just accusations without facts. So from that perspective,

558
00:32:58,800 --> 00:33:03,320
Speaker 1: I want to press you on this because it would appear,

559
00:33:03,600 --> 00:33:07,040
Speaker 1: based upon every interview on background and on the record

560
00:33:07,120 --> 00:33:10,960
Speaker 1: that I've done that what they're saying is this is

561
00:33:11,040 --> 00:33:16,040
Speaker 1: more about politics. There was a bipartisan bill that passed

562
00:33:16,160 --> 00:33:21,440
Speaker 1: just two UM in July UM this uh uh, just

563
00:33:21,640 --> 00:33:24,360
Speaker 1: the other month, the Election Security of two thousand nineteen,

564
00:33:24,560 --> 00:33:27,400
Speaker 1: The Election Security Act of two thousand and nineteen UM

565
00:33:27,920 --> 00:33:32,920
Speaker 1: that bolstered security. The president's own intelligence community has come

566
00:33:32,960 --> 00:33:35,240
Speaker 1: out and said that there wasn't a major hacking and

567
00:33:35,360 --> 00:33:39,560
Speaker 1: that in many ways this was a very successful election

568
00:33:39,640 --> 00:33:45,480
Speaker 1: security election. So I guess what I'm asking is where

569
00:33:45,600 --> 00:33:49,440
Speaker 1: the goods? Everyone's making these accusations, but Jim or Nacy,

570
00:33:49,520 --> 00:33:53,000
Speaker 1: where the goods? Well, look, I didn't say they were good.

571
00:33:54,240 --> 00:33:58,000
Speaker 1: But if you're not going to give the goods and

572
00:33:58,080 --> 00:34:00,400
Speaker 1: you're just gonna say that the election was for Dan

573
00:34:02,640 --> 00:34:04,480
Speaker 1: and Kevin, I didn't say that. I said there's a

574
00:34:04,560 --> 00:34:06,560
Speaker 1: process that we've got to follow the process. One of

575
00:34:06,600 --> 00:34:09,840
Speaker 1: the reasons Washington is broken is nobody wants to follow

576
00:34:09,880 --> 00:34:13,240
Speaker 1: the process. We have a divided government and nobody follows

577
00:34:13,280 --> 00:34:15,319
Speaker 1: the process. And I can go time and time again

578
00:34:15,360 --> 00:34:18,640
Speaker 1: to tell you there are processes. Let's work through the processes,

579
00:34:19,080 --> 00:34:22,360
Speaker 1: and in the end, in the end, there is a

580
00:34:22,480 --> 00:34:25,440
Speaker 1: process that they're following. The president has the right to

581
00:34:25,640 --> 00:34:28,439
Speaker 1: do whatever is necessary to contest up to a point

582
00:34:28,960 --> 00:34:32,239
Speaker 1: to where the elections are certified. That's the process, and

583
00:34:32,320 --> 00:34:36,120
Speaker 1: every state certifies them. And then when the state certify them,

584
00:34:36,440 --> 00:34:41,000
Speaker 1: there will be account of electoral College votes, not popular votes.

585
00:34:41,080 --> 00:34:43,839
Speaker 1: Because we all know that if California, if you take

586
00:34:43,920 --> 00:34:46,560
Speaker 1: all the votes in California, absolutely the Democrats are always

587
00:34:46,560 --> 00:34:48,680
Speaker 1: going to win. That's why we have an electoral college.

588
00:34:48,680 --> 00:34:51,520
Speaker 1: So let's follow the process and let's let the process

589
00:34:51,600 --> 00:34:54,279
Speaker 1: work through. If we do that, we will be so

590
00:34:54,480 --> 00:34:58,000
Speaker 1: much better off in this country. And the process eliminates

591
00:34:58,040 --> 00:35:02,600
Speaker 1: that the arguments between Democrats Republicans, and I think we're

592
00:35:02,680 --> 00:35:05,879
Speaker 1: called apart, Kevin, is that the President has done nothing

593
00:35:05,920 --> 00:35:08,080
Speaker 1: but tried to undermine the process. I mean, let's let's

594
00:35:08,120 --> 00:35:10,160
Speaker 1: keep in mind that the reason that we didn't have

595
00:35:10,280 --> 00:35:13,200
Speaker 1: results sooner in states like Pennsylvania is because the Republicans

596
00:35:13,200 --> 00:35:16,600
Speaker 1: stay legislature didn't allow them to start counting them in advance,

597
00:35:16,640 --> 00:35:19,120
Speaker 1: because what they wanted was to be able to show

598
00:35:19,160 --> 00:35:21,960
Speaker 1: the president leading on day of election votes and then

599
00:35:22,000 --> 00:35:24,640
Speaker 1: to challenge the ballot. And I think the news that

600
00:35:24,760 --> 00:35:28,040
Speaker 1: Lindsey Graham was on the fund with the Republican Secretary

601
00:35:28,120 --> 00:35:33,480
Speaker 1: of State threatening and basically suggesting that he should throw

602
00:35:33,600 --> 00:35:37,920
Speaker 1: out um some ballots to try to excw things is

603
00:35:38,200 --> 00:35:40,719
Speaker 1: incredibly problematic. And one of the things that United talked

604
00:35:40,719 --> 00:35:42,280
Speaker 1: about a lot, Kevin when I've come on the space

605
00:35:42,840 --> 00:35:46,320
Speaker 1: is the reality that the instability that Donald Trump creates

606
00:35:46,760 --> 00:35:48,880
Speaker 1: is that for our democracy, it's that for our economy.

607
00:35:49,440 --> 00:35:52,440
Speaker 1: Uh and and and it creates so much damage. And

608
00:35:52,520 --> 00:35:55,319
Speaker 1: I think that's what's happening right now, is that whether

609
00:35:55,400 --> 00:35:58,440
Speaker 1: it's the delays in the security issues, um, you know,

610
00:35:58,520 --> 00:36:00,319
Speaker 1: the last minute things he wants to try to gets

611
00:36:00,360 --> 00:36:03,320
Speaker 1: done almost out of spite, whether it's this news that

612
00:36:03,400 --> 00:36:07,200
Speaker 1: came out that he's threatening to to attack your honor,

613
00:36:07,320 --> 00:36:09,759
Speaker 1: was looking for options, like you know when you see

614
00:36:09,800 --> 00:36:13,080
Speaker 1: retaliations and all that. Like the reality is that there's

615
00:36:13,120 --> 00:36:17,000
Speaker 1: a process that he hasn't respected, and the process as

616
00:36:17,480 --> 00:36:19,799
Speaker 1: we didn't do what I wanted, which was to talk analytically.

617
00:36:19,920 --> 00:36:22,239
Speaker 1: But you know, I just go back to growing up

618
00:36:22,280 --> 00:36:24,839
Speaker 1: in Delko, and my dad would always say, keV, if

619
00:36:24,880 --> 00:36:27,319
Speaker 1: you've got the goods, you show the goods. You don't

620
00:36:27,400 --> 00:36:29,760
Speaker 1: hide the goods. You show the goods. Where are the goods?

621
00:36:30,560 --> 00:36:33,120
Speaker 1: Where are the goods? We're talking about the goods? Where

622
00:36:33,200 --> 00:36:37,520
Speaker 1: are the goods? I'm Kevin Sireli, Chief Washington Correspondent. You're

623
00:36:37,560 --> 00:36:55,960
Speaker 1: listening to Bloomberg. You're listening to Bloomberg. Sound On with

624
00:36:56,160 --> 00:37:00,239
Speaker 1: Kevin Surley on Bloomberg and One All five point seven

625
00:37:00,280 --> 00:37:05,040
Speaker 1: f m h D two. I'm Kevin cereally welcome back.

626
00:37:05,760 --> 00:37:09,360
Speaker 1: I'm back. I'm the chief Washington correspondent for Bloomberg Television

627
00:37:09,880 --> 00:37:13,759
Speaker 1: and for Bloomberg Radio. My next guests, you know, I'm

628
00:37:13,840 --> 00:37:18,879
Speaker 1: so gratefully's on Congressman, friend show, Republican from Arkansas. Congressman.

629
00:37:19,440 --> 00:37:22,040
Speaker 1: Have you watched The Crown, the new episode of The Crown.

630
00:37:22,719 --> 00:37:26,600
Speaker 1: I've seen the new the first episode of the new season,

631
00:37:27,040 --> 00:37:32,200
Speaker 1: and I love Margaret Thatcher and looking forward to what

632
00:37:32,360 --> 00:37:37,600
Speaker 1: happens at the Prince Charles next. But I have not.

633
00:37:39,000 --> 00:37:42,160
Speaker 1: You know, I I'm trying this thing. I I can't

634
00:37:42,200 --> 00:37:44,200
Speaker 1: stay away. I don't know how people do the binge

635
00:37:44,280 --> 00:37:47,120
Speaker 1: watching thing. I'm like, first of all, because what I

636
00:37:47,280 --> 00:37:50,840
Speaker 1: end up doing is I I fast forward through the

637
00:37:51,400 --> 00:37:54,360
Speaker 1: characters that I don't like. So I went through Friday

638
00:37:54,440 --> 00:37:56,480
Speaker 1: Night Lights once, which is a great book by the

639
00:37:56,920 --> 00:38:01,000
Speaker 1: Buzz Bussinger Philly Guy, and uh but so I watched

640
00:38:01,040 --> 00:38:02,759
Speaker 1: that and all of the players that I didn't like,

641
00:38:02,920 --> 00:38:06,080
Speaker 1: I just fast forward through because I bitched. So after that,

642
00:38:06,200 --> 00:38:08,839
Speaker 1: I thought, you know, keV, maybe just take your time.

643
00:38:08,920 --> 00:38:11,759
Speaker 1: It's a marathon, not a sprint, and just watch an

644
00:38:11,800 --> 00:38:14,600
Speaker 1: episode tonight. You know and make your way through it.

645
00:38:14,719 --> 00:38:16,799
Speaker 1: So I will tell you I'm a little bit more

646
00:38:16,840 --> 00:38:19,840
Speaker 1: ahead of you. This season's nuts who knew the Brits

647
00:38:19,880 --> 00:38:23,359
Speaker 1: had it in them? There a wild bunch, Congressman, it's

648
00:38:23,400 --> 00:38:27,920
Speaker 1: a randy group over there, baby, all right, speaking of

649
00:38:28,040 --> 00:38:30,239
Speaker 1: a randy group, are you guys gonna get to a

650
00:38:30,320 --> 00:38:32,320
Speaker 1: deal on the fiscal stimulus? What's going on in the

651
00:38:32,400 --> 00:38:37,120
Speaker 1: lame Duck? Well? I know that the Trump administration and

652
00:38:37,680 --> 00:38:41,279
Speaker 1: members on both sides of Capitol Hill want a common sense,

653
00:38:41,360 --> 00:38:46,120
Speaker 1: straightforward COVID relief package that's been blocked by the over

654
00:38:46,360 --> 00:38:51,440
Speaker 1: ambitious spending requirements and non pandemic requirements of Speaker Pelosi.

655
00:38:51,560 --> 00:38:54,800
Speaker 1: I hope her, she's a little chasing from her losses

656
00:38:55,120 --> 00:38:57,600
Speaker 1: uh this fall, and maybe we can get a deal.

657
00:38:57,760 --> 00:39:00,359
Speaker 1: I hope that Mitch McConnell and Nancy Pelosi you can

658
00:39:00,480 --> 00:39:03,440
Speaker 1: strike a common sense deal that President Trump will sign.

659
00:39:03,960 --> 00:39:06,320
Speaker 1: And look, we've talked about it. Extend the p p P,

660
00:39:07,080 --> 00:39:11,239
Speaker 1: make the forgiveness easier. Secretary Manuchan says he supports that

661
00:39:12,000 --> 00:39:15,919
Speaker 1: let's fix this pandemic unemployment amount and for how long.

662
00:39:16,200 --> 00:39:18,920
Speaker 1: Let's fix that, and let's get our governor's the ability

663
00:39:18,960 --> 00:39:22,439
Speaker 1: to spend this Cares Act money past twelve thirty one

664
00:39:22,600 --> 00:39:25,600
Speaker 1: of this year, and they will make better decisions with

665
00:39:25,800 --> 00:39:30,600
Speaker 1: taxpayer money unless they're rushing to cram CAREZAC spending before

666
00:39:30,640 --> 00:39:34,760
Speaker 1: the end of the year. Congressman, I had Monday off, okay,

667
00:39:35,360 --> 00:39:38,920
Speaker 1: and I had Friday off, and I I talked to

668
00:39:39,080 --> 00:39:44,560
Speaker 1: people back home. You know this, Congressman, and people are frustrated.

669
00:39:45,160 --> 00:39:48,799
Speaker 1: You know, they're angry. They're sick of the virus, they're

670
00:39:48,880 --> 00:39:53,480
Speaker 1: sick of Washington, They're frustrated at all of the dysfunction.

671
00:39:54,080 --> 00:39:57,160
Speaker 1: It's they almost want to turn it off. Okay, and

672
00:39:57,239 --> 00:40:02,680
Speaker 1: you've got cases soaring hospital Znation's skyrocketing. And then just

673
00:40:03,080 --> 00:40:06,719
Speaker 1: to say it's dysfunctional is an understatement. I mean, it

674
00:40:06,800 --> 00:40:09,840
Speaker 1: makes an Irish Italian fat family look like the Brady Bude.

675
00:40:11,040 --> 00:40:14,319
Speaker 1: I'm not even I'm serious, and so my I say

676
00:40:14,400 --> 00:40:18,200
Speaker 1: it respectfully. But here we are in a transitional period

677
00:40:18,320 --> 00:40:21,759
Speaker 1: in Washington, d C. Are you and your colleagues on

678
00:40:21,880 --> 00:40:25,040
Speaker 1: both sides of the aisle? I know you, but do

679
00:40:25,239 --> 00:40:29,640
Speaker 1: people understand that people are fed up with the politics

680
00:40:29,719 --> 00:40:34,239
Speaker 1: of polarization. And I think that's what you saw in

681
00:40:34,320 --> 00:40:39,000
Speaker 1: the vote on in November. You saw equal votes basically

682
00:40:39,120 --> 00:40:42,080
Speaker 1: for these presidential candidates. Meaning the country really is a

683
00:40:42,360 --> 00:40:46,440
Speaker 1: center right country. It's not for this far left progressive

684
00:40:46,560 --> 00:40:49,120
Speaker 1: checklist that the Speaker has been dealing with the last

685
00:40:49,200 --> 00:40:52,440
Speaker 1: couple of years. You see the House majority of the

686
00:40:52,600 --> 00:40:58,200
Speaker 1: Democrats narrow significantly, perhaps five or six seats, and then

687
00:40:58,239 --> 00:41:01,120
Speaker 1: of course the Senate races we know about. So I

688
00:41:01,239 --> 00:41:04,040
Speaker 1: think that says that in my view, is this for

689
00:41:04,120 --> 00:41:08,160
Speaker 1: the d seventeenth Congress. If Joe Biden's president Nited States

690
00:41:08,360 --> 00:41:12,040
Speaker 1: with a Republican Senate in a tainy Democratic majority in

691
00:41:12,120 --> 00:41:16,080
Speaker 1: the House, that is a recipe for compromise on some

692
00:41:16,320 --> 00:41:18,880
Speaker 1: big issues and getting some things done. And he said that,

693
00:41:19,080 --> 00:41:21,600
Speaker 1: he said he has a mandate to cooperate. That's what

694
00:41:21,719 --> 00:41:23,520
Speaker 1: he believes the mandate is. I mean, for the for

695
00:41:23,680 --> 00:41:26,560
Speaker 1: him to say that, I think is a huge sign

696
00:41:26,680 --> 00:41:29,320
Speaker 1: that that that this is not going to be you know,

697
00:41:29,480 --> 00:41:33,399
Speaker 1: AOC's cabinet. Yeah. Well, I think we got to see

698
00:41:33,400 --> 00:41:36,799
Speaker 1: how he crafts those potential cabinet members as he thinks

699
00:41:36,880 --> 00:41:41,480
Speaker 1: through his transition. I think it's very important that the Republicans,

700
00:41:41,680 --> 00:41:44,319
Speaker 1: in my view, of course I'm a partisan, win one

701
00:41:44,480 --> 00:41:47,160
Speaker 1: or both of those Senate seats. In Georgia. That sets

702
00:41:47,280 --> 00:41:51,960
Speaker 1: up perhaps a an error of good feelings going into

703
00:41:52,200 --> 00:41:55,239
Speaker 1: the first few months of the next administration. Let me

704
00:41:55,280 --> 00:41:57,800
Speaker 1: ask you this, and and we want to go geo

705
00:41:57,920 --> 00:42:00,920
Speaker 1: political for a second, because you're just strict in particular

706
00:42:01,000 --> 00:42:05,520
Speaker 1: in Arkansas is so impacted by the various trade by

707
00:42:05,560 --> 00:42:08,880
Speaker 1: the geopolitics and the politics of trade in particular especially

708
00:42:09,480 --> 00:42:14,160
Speaker 1: uh as it relates to Mexico, Canada, and even to

709
00:42:14,280 --> 00:42:17,320
Speaker 1: some except China. What are you going to be looking

710
00:42:17,480 --> 00:42:21,160
Speaker 1: for in terms of how the Biden administration deals geopolitically

711
00:42:21,200 --> 00:42:24,920
Speaker 1: with these issues. Let me talk Middle East first. I

712
00:42:25,000 --> 00:42:28,000
Speaker 1: don't think the that a President Biden can go back

713
00:42:28,160 --> 00:42:30,840
Speaker 1: to the future with the Iranian deal. The Iranians have

714
00:42:31,040 --> 00:42:37,480
Speaker 1: broken the John Kerry Barack Obama Iranian nuclear Deal. They've

715
00:42:37,560 --> 00:42:40,359
Speaker 1: broken it. People have moved on past it. And it's

716
00:42:40,440 --> 00:42:43,279
Speaker 1: because of President Trump backing out of it, working with

717
00:42:43,440 --> 00:42:46,919
Speaker 1: European allies to look at it differently, that you're seeing

718
00:42:47,080 --> 00:42:51,800
Speaker 1: this new era of peace breaking out between Sunni Arab

719
00:42:51,920 --> 00:42:55,200
Speaker 1: countries and Israel. This is a major change that people

720
00:42:55,239 --> 00:42:58,200
Speaker 1: have worked for for thirty years. I think the Biden

721
00:42:58,239 --> 00:43:00,920
Speaker 1: administration will want to continue that. So that means that

722
00:43:01,040 --> 00:43:03,520
Speaker 1: any talks with the Iranians will have to start fresh

723
00:43:03,680 --> 00:43:06,879
Speaker 1: and take a different approach in China. I think there's

724
00:43:06,920 --> 00:43:10,960
Speaker 1: bipartisan support in Congress on both sides of the Capitol

725
00:43:11,600 --> 00:43:16,360
Speaker 1: for thinking new about China. This was a lasting contribution

726
00:43:16,440 --> 00:43:22,360
Speaker 1: of President Trump's term is making us all think through diplomatic,

727
00:43:22,480 --> 00:43:26,439
Speaker 1: military technology trade arrangements with China. I think you'll see

728
00:43:26,480 --> 00:43:31,640
Speaker 1: the Biden administration continuing down that path. It's gonna be fascinating.

729
00:43:31,800 --> 00:43:35,560
Speaker 1: And earlier today Joe Biden spoke with UH Israeli Prime

730
00:43:35,600 --> 00:43:38,600
Speaker 1: Minister Benjamin neton Yahoo. We should note that as well.

731
00:43:39,760 --> 00:43:44,040
Speaker 1: And okay, here we are, here we are. You've been, uh,

732
00:43:44,600 --> 00:43:50,480
Speaker 1: someone who has served in the Bush administration, your congressman,

733
00:43:50,520 --> 00:43:54,040
Speaker 1: you've worked in the private sector from your vantage point

734
00:43:54,160 --> 00:43:56,320
Speaker 1: now and you know this. And I don't want to

735
00:43:56,360 --> 00:43:59,800
Speaker 1: get too far ahead of anyone and whatnot, but I

736
00:44:00,040 --> 00:44:02,200
Speaker 1: talk to a lot of Republicans who are feeling very

737
00:44:02,320 --> 00:44:08,000
Speaker 1: bullish on two and they're feeling very skeptical about the

738
00:44:08,120 --> 00:44:11,440
Speaker 1: national debt. You, of course, are someone who knows that

739
00:44:12,200 --> 00:44:14,759
Speaker 1: uh very well in terms of having worked in the

740
00:44:14,800 --> 00:44:19,759
Speaker 1: budget office for Bush. UM. You know, put that in perspective,

741
00:44:19,840 --> 00:44:22,920
Speaker 1: square that circle can we square that circle? Because I

742
00:44:23,400 --> 00:44:26,200
Speaker 1: would say, based upon the conversations I have Congressman that

743
00:44:26,280 --> 00:44:29,920
Speaker 1: I do think, uh, once Joe Biden's in in office,

744
00:44:30,000 --> 00:44:32,800
Speaker 1: that there is going to be another massive, massive spending

745
00:44:32,880 --> 00:44:36,480
Speaker 1: bill and uh and then folks like yourself and and

746
00:44:36,640 --> 00:44:39,879
Speaker 1: your and your friends, UM and your and your camp

747
00:44:39,920 --> 00:44:42,600
Speaker 1: are gonna are gonna really be speaking up. But that

748
00:44:42,680 --> 00:44:45,239
Speaker 1: could fuel a lot of the next two to four

749
00:44:45,320 --> 00:44:49,440
Speaker 1: year cycle, no doubt. I mean, I think we have

750
00:44:49,600 --> 00:44:52,239
Speaker 1: to come through this pandemic. I believe we only need

751
00:44:52,400 --> 00:44:55,239
Speaker 1: targeted relief and a targeted approach. I don't think we

752
00:44:55,320 --> 00:44:59,160
Speaker 1: should do massive new federal standing. We should be stay targeted,

753
00:44:59,239 --> 00:45:02,200
Speaker 1: stay focused on getting the economy open safely. Let's get

754
00:45:02,239 --> 00:45:07,080
Speaker 1: this vaccine distributed, Let's use is a transition year. But

755
00:45:07,280 --> 00:45:10,480
Speaker 1: let's go back to the kinds of long term reforms

756
00:45:10,680 --> 00:45:13,960
Speaker 1: in budgeting that we have to take on as Americans

757
00:45:14,080 --> 00:45:18,920
Speaker 1: because we've just seen a massive increase in our national

758
00:45:19,000 --> 00:45:21,360
Speaker 1: debt as a result of fighting this virus that we

759
00:45:21,480 --> 00:45:23,600
Speaker 1: didn't ask for. And I think the Congress has done

760
00:45:23,640 --> 00:45:26,319
Speaker 1: a good job so far, but I think we can

761
00:45:26,360 --> 00:45:28,800
Speaker 1: do a more targeted job in the next few months

762
00:45:29,800 --> 00:45:33,600
Speaker 1: and then just finally in the last minute, so that

763
00:45:33,680 --> 00:45:36,960
Speaker 1: I have hope of you here Thanksgiving plans. Are you

764
00:45:37,000 --> 00:45:41,040
Speaker 1: doing the Thanksgiving thing? Are you doing the socially distant Thanksgiving?

765
00:45:41,200 --> 00:45:43,200
Speaker 1: How does that? How does a congressman in these COVID

766
00:45:43,320 --> 00:45:50,360
Speaker 1: times celebrate Thanksgiving? We celebrate it, uh with our family

767
00:45:50,680 --> 00:45:53,839
Speaker 1: or and we will be in my dad's ninety four.

768
00:45:54,080 --> 00:45:56,960
Speaker 1: He'll be with us, and our our kids will be

769
00:45:57,120 --> 00:45:59,680
Speaker 1: home and we'll keep it basically to the family, but

770
00:45:59,760 --> 00:46:03,600
Speaker 1: we'll we're gonna work in a little great Arkansas fly

771
00:46:03,680 --> 00:46:08,480
Speaker 1: away duck hunting that's outdoor. We're gonna be super socially distant.

772
00:46:08,960 --> 00:46:12,600
Speaker 1: That's fun some duck hunting. See, I'm not doing it

773
00:46:12,719 --> 00:46:16,160
Speaker 1: because I I I'm I'm I said to my folks,

774
00:46:16,680 --> 00:46:19,720
Speaker 1: I said, Kevin's not coming home for Turkey Day, No, gobble, gobble.

775
00:46:20,120 --> 00:46:22,680
Speaker 1: You want to send me a livilla pie, I'll take it.

776
00:46:22,800 --> 00:46:25,560
Speaker 1: I'll eat it. But we're not doing it for me personally.

777
00:46:25,600 --> 00:46:27,920
Speaker 1: I want to get out of this year without getting COVID.

778
00:46:27,960 --> 00:46:30,239
Speaker 1: I don't want anyone to get it. And uh, but

779
00:46:30,400 --> 00:46:32,239
Speaker 1: that's the you know, but I think you know you're

780
00:46:32,280 --> 00:46:34,120
Speaker 1: in Arkansas. You've got a lot more space down there.

781
00:46:34,120 --> 00:46:37,080
Speaker 1: You're follow with me. Well, it's all about everybody needs

782
00:46:37,160 --> 00:46:40,880
Speaker 1: to follow the CDC standards. Be careful, be focused, be tested,

783
00:46:41,840 --> 00:46:44,759
Speaker 1: be smart when they're celebrating Thanksgiving. I wish you a

784
00:46:44,960 --> 00:46:48,239
Speaker 1: very happy turkey. Thank you very much, Congressman, and I

785
00:46:48,320 --> 00:46:50,279
Speaker 1: appreciate it. My best to you and your family as well.

786
00:46:50,320 --> 00:46:53,280
Speaker 1: We'll catch up soon. Much more coming up next, Gobble Gobble,

787
00:46:54,400 --> 00:47:00,320
Speaker 1: Kevin's really Bloomberg nine one you're listening to Bloomberg's downed

788
00:47:00,360 --> 00:47:04,319
Speaker 1: on with Kevin Shirley on Bloomberg and one oh five

789
00:47:04,400 --> 00:47:11,160
Speaker 1: point two Franking News. Senator Chuck Grassley has coronavirus. The

790
00:47:11,400 --> 00:47:15,399
Speaker 1: Republican from Iowa just tweeted out moments ago quote, I've

791
00:47:15,480 --> 00:47:19,080
Speaker 1: tested positive for coronavirus. I'll be following my doctor's orders

792
00:47:19,120 --> 00:47:22,680
Speaker 1: and CDC guidelines that continue to quarantine. I'm feeling good.

793
00:47:22,760 --> 00:47:25,600
Speaker 1: We'll keep up on my work for the people of

794
00:47:25,680 --> 00:47:28,960
Speaker 1: Iowa from home. He appreciates everyone's well wishes. He goes

795
00:47:29,000 --> 00:47:31,800
Speaker 1: on to tweet uh and prayers and looks forward to

796
00:47:31,920 --> 00:47:36,359
Speaker 1: resuming his normal schedules soon again. Senator Chuck Grassley has

797
00:47:36,680 --> 00:47:40,640
Speaker 1: corona virus. He has tweeted out that statement. I'm Kevin Cirelli,

798
00:47:40,760 --> 00:47:45,680
Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

799
00:47:45,760 --> 00:47:49,800
Speaker 1: It's time now for my favorite part of the program,

800
00:47:50,600 --> 00:47:53,640
Speaker 1: What's on the Panel's radar? And I feel like it's

801
00:47:53,680 --> 00:47:58,000
Speaker 1: going to be a spicy radar, spicy show. Louis Miranda,

802
00:47:58,120 --> 00:48:02,120
Speaker 1: former d n C Communications direct and director of Communications

803
00:48:02,200 --> 00:48:05,960
Speaker 1: and Politics at Alloy, which is a nonprofit tech startup

804
00:48:06,239 --> 00:48:11,440
Speaker 1: for building better data and technology for progressive and former

805
00:48:11,520 --> 00:48:16,759
Speaker 1: Ohio Republican Congressen Jim Rnasy, who represented Ohio's sixteenth congressional

806
00:48:16,840 --> 00:48:22,439
Speaker 1: district between two thousand and eleven and nineteen. Congressman, I'm

807
00:48:22,480 --> 00:48:27,160
Speaker 1: going to start with you what is on your radar? Well,

808
00:48:27,160 --> 00:48:29,080
Speaker 1: a lot of good things in Ohio. But before I

809
00:48:29,160 --> 00:48:30,719
Speaker 1: say anything, I want to go back to my good

810
00:48:30,800 --> 00:48:34,040
Speaker 1: friend Arkansas Congress from French. He said something I thought

811
00:48:34,120 --> 00:48:36,000
Speaker 1: was interesting, and you know how I hate our deaths

812
00:48:36,040 --> 00:48:37,960
Speaker 1: and deficits. He said, we've got to get a bill

813
00:48:38,000 --> 00:48:39,799
Speaker 1: passed and then we come back. We've got to make

814
00:48:39,920 --> 00:48:44,800
Speaker 1: better decisions with taxpayer money. Something to remember, better decisions.

815
00:48:44,840 --> 00:48:48,279
Speaker 1: Were we making bad decisions now? Possibly? But let's talk

816
00:48:48,320 --> 00:48:52,480
Speaker 1: about what's really on the radar. Um As you know,

817
00:48:52,640 --> 00:48:57,480
Speaker 1: in Ohio republicly are Republican governor came out today and

818
00:48:57,520 --> 00:49:00,640
Speaker 1: now has issued a curfew, So it's definitely has caused

819
00:49:00,719 --> 00:49:05,040
Speaker 1: my radar screen to start blipping. Um. He said a

820
00:49:05,120 --> 00:49:08,800
Speaker 1: curfew now from ten pm to five am. But he

821
00:49:08,880 --> 00:49:11,160
Speaker 1: also came out this week and said you cannot have

822
00:49:11,280 --> 00:49:14,080
Speaker 1: Thanksgiving dinner with more than ten people. You can cut

823
00:49:14,120 --> 00:49:17,400
Speaker 1: the cake at your wedding ceremony and have the first dance,

824
00:49:17,480 --> 00:49:19,680
Speaker 1: but you can't sit with your friends. You can have

825
00:49:19,719 --> 00:49:21,640
Speaker 1: a drink at your wedding, but only if you're sitting.

826
00:49:22,400 --> 00:49:25,640
Speaker 1: And by the way, if someone is doing anything wrong

827
00:49:25,719 --> 00:49:27,960
Speaker 1: in your mind, you can call the New State hotline

828
00:49:28,320 --> 00:49:30,239
Speaker 1: and have a friendly visit from the representative of you

829
00:49:30,360 --> 00:49:33,480
Speaker 1: or of workers compensation to shut you down. Um. I

830
00:49:33,560 --> 00:49:35,799
Speaker 1: can tell you this is not going to end well.

831
00:49:36,440 --> 00:49:38,520
Speaker 1: No one should have this kind of authority in a

832
00:49:38,640 --> 00:49:43,880
Speaker 1: free society without legislative approval. Remember I said legislative approval

833
00:49:44,000 --> 00:49:46,600
Speaker 1: trumps everything, and people get mad at me when I

834
00:49:46,719 --> 00:49:50,040
Speaker 1: say that. But I do believe the legislature has the

835
00:49:50,120 --> 00:49:52,200
Speaker 1: power because the people give it the power. I'm not

836
00:49:52,320 --> 00:49:56,560
Speaker 1: too sure executive branches have these kind of powers, but

837
00:49:56,960 --> 00:49:59,560
Speaker 1: it'll be interesting you're probably gonna see a lot of

838
00:49:59,600 --> 00:50:02,759
Speaker 1: things that ocurring in Ohio. Um, and I can tell

839
00:50:02,800 --> 00:50:05,759
Speaker 1: you that the Governor Dwine is one of the few

840
00:50:05,840 --> 00:50:10,560
Speaker 1: Republicans alongside many Democrat governors for making some of these decisions.

841
00:50:10,640 --> 00:50:14,640
Speaker 1: So it should be interesting. Well, it is because every

842
00:50:14,840 --> 00:50:18,359
Speaker 1: state is and every school district around the country, as

843
00:50:18,480 --> 00:50:21,560
Speaker 1: you know, Jim is having to deal with this. And

844
00:50:21,680 --> 00:50:24,680
Speaker 1: so you know, I I hear when I there is

845
00:50:24,760 --> 00:50:29,560
Speaker 1: a clear divide folks in terms of how people feel

846
00:50:30,280 --> 00:50:34,200
Speaker 1: the US should flatten the curve or community should flatten

847
00:50:34,320 --> 00:50:38,120
Speaker 1: the curve, and people have differing opinions of it, you know.

848
00:50:38,239 --> 00:50:42,279
Speaker 1: And this is not a uniquely American problem. This is

849
00:50:42,360 --> 00:50:47,120
Speaker 1: happening all over the world, whether it's in Italy, whether

850
00:50:47,200 --> 00:50:51,920
Speaker 1: it's in France, whether it's in the UK, um Germany,

851
00:50:52,840 --> 00:50:56,520
Speaker 1: cases in Europe, all countries in Europe, they're having to

852
00:50:56,920 --> 00:50:59,440
Speaker 1: deal with this. And and it's it's fascinating from a

853
00:50:59,520 --> 00:51:03,640
Speaker 1: geop political SAIDs because so many of the debates that

854
00:51:03,800 --> 00:51:06,400
Speaker 1: we are having here in the United States in a

855
00:51:06,480 --> 00:51:10,840
Speaker 1: political level are also being had from the various progressive

856
00:51:10,880 --> 00:51:14,640
Speaker 1: and conservative parties across Europe. And so I find it

857
00:51:14,719 --> 00:51:17,640
Speaker 1: fascinating and Jim, you know, I guess my follow up

858
00:51:17,680 --> 00:51:19,040
Speaker 1: to you, and that's a great one to have on

859
00:51:19,160 --> 00:51:22,920
Speaker 1: your radar. As Governor might de Wan has has added

860
00:51:22,960 --> 00:51:25,880
Speaker 1: these new restrictions across the state of Ohio as COVID

861
00:51:25,960 --> 00:51:30,000
Speaker 1: nineteen cases have spiked. What would your what do your

862
00:51:30,120 --> 00:51:36,480
Speaker 1: conservative colleagues in Ohio suggest the governor do in order

863
00:51:36,600 --> 00:51:41,000
Speaker 1: to to rain the virus in Well, Look, remember that

864
00:51:41,080 --> 00:51:43,319
Speaker 1: Governor Dwine was one of the first to step out

865
00:51:43,400 --> 00:51:46,600
Speaker 1: there and do many things early on and got a

866
00:51:46,640 --> 00:51:49,680
Speaker 1: lot of public attention nationally because of what he was doing.

867
00:51:50,280 --> 00:51:53,200
Speaker 1: But yet six months later we have the same spiking

868
00:51:53,320 --> 00:51:55,640
Speaker 1: that's going on in the states that did not do

869
00:51:56,239 --> 00:51:59,360
Speaker 1: as much of an aggressive move. So that tells you

870
00:51:59,480 --> 00:52:01,279
Speaker 1: one thing number two. And I think I've told you.

871
00:52:01,400 --> 00:52:04,200
Speaker 1: My son's a emergency room physician in New York City

872
00:52:04,239 --> 00:52:06,480
Speaker 1: at Mount Sinai, and he has finally said to me,

873
00:52:06,920 --> 00:52:10,600
Speaker 1: even though he's he's a very very liberal thought process,

874
00:52:10,680 --> 00:52:12,719
Speaker 1: he said at one time, we've got to shut things down.

875
00:52:13,040 --> 00:52:15,360
Speaker 1: Today he will tell you, Dad, I don't care what

876
00:52:15,520 --> 00:52:19,360
Speaker 1: you do. New studies are now showing that six of

877
00:52:19,520 --> 00:52:22,080
Speaker 1: people are going to end up with this virus because

878
00:52:22,120 --> 00:52:25,960
Speaker 1: it is that contagious. So what we need to do is,

879
00:52:26,480 --> 00:52:29,520
Speaker 1: you know, wear masks, which I do social distance, but

880
00:52:29,680 --> 00:52:33,479
Speaker 1: you can eliminate your life because you as he said, six,

881
00:52:34,640 --> 00:52:38,279
Speaker 1: well I just heard about Senator Grassleet will probably get this.

882
00:52:38,400 --> 00:52:40,640
Speaker 1: So I think in the end, what we need to

883
00:52:40,760 --> 00:52:43,640
Speaker 1: do U and this is what the conservatives and ohiore

884
00:52:43,640 --> 00:52:48,560
Speaker 1: are saying. Don't sit there and and and uh say

885
00:52:48,640 --> 00:52:49,840
Speaker 1: that where you're not going to be able to go

886
00:52:49,880 --> 00:52:51,640
Speaker 1: out at ten o'clock and you've got to come in

887
00:52:51,719 --> 00:52:53,480
Speaker 1: at four o'clock. And by the way, Puerto Rico has

888
00:52:53,520 --> 00:52:56,320
Speaker 1: done that too, and their numbers are spiking. So, like

889
00:52:56,480 --> 00:52:58,279
Speaker 1: you said, we can look all over the world and

890
00:52:58,360 --> 00:53:00,279
Speaker 1: see some of these things that are going on. In

891
00:53:00,360 --> 00:53:03,600
Speaker 1: the end, I think you've got a practice positive social distancing.

892
00:53:03,719 --> 00:53:05,640
Speaker 1: I think you should wear a mask when you're a crowd.

893
00:53:06,000 --> 00:53:08,840
Speaker 1: That's my opinion. That's what some conservatives say. But in

894
00:53:08,920 --> 00:53:13,200
Speaker 1: the end, you should only do what legislative authority gives

895
00:53:13,239 --> 00:53:15,800
Speaker 1: you the authority to do. It's fast, I mean, I

896
00:53:15,840 --> 00:53:17,680
Speaker 1: don't care what side of the aisle you're on. I mean,

897
00:53:18,080 --> 00:53:21,360
Speaker 1: these types of debates are gonna be it's gonna be

898
00:53:21,440 --> 00:53:23,520
Speaker 1: fascinating to see what the history books have to say

899
00:53:23,520 --> 00:53:28,080
Speaker 1: about all this. Um, All right, Louis what's on your radar? Well,

900
00:53:28,200 --> 00:53:30,440
Speaker 1: my writer, it's actually a related topic, which is that

901
00:53:30,560 --> 00:53:34,759
Speaker 1: Senate Republicans sailed to advance the controversial um nomination of

902
00:53:34,880 --> 00:53:38,080
Speaker 1: Judy Shelton. She talked about it earlier. Go ahead, we're

903
00:53:38,160 --> 00:53:40,600
Speaker 1: talking about the Fedboard. I'll give you the headline just

904
00:53:40,719 --> 00:53:43,520
Speaker 1: to catch everybody up to seat Judy Shelton's nomination to

905
00:53:43,680 --> 00:53:46,680
Speaker 1: the Fed Reserve Board was blocked in the Senate earlier today,

906
00:53:46,840 --> 00:53:50,120
Speaker 1: go ahead. And the big, the big reason for it

907
00:53:50,320 --> 00:53:52,920
Speaker 1: in main part of because Chuck Grassley couldn't vote, and

908
00:53:52,960 --> 00:53:55,640
Speaker 1: he couldn't vote because he's got coronavirus. And so you

909
00:53:55,760 --> 00:53:58,919
Speaker 1: see that even as the President makes this last bitch

910
00:53:58,960 --> 00:54:00,840
Speaker 1: effort to make the most of his remaining days in

911
00:54:00,880 --> 00:54:03,399
Speaker 1: the White House, he's shooting himself in the flood by

912
00:54:03,560 --> 00:54:05,920
Speaker 1: the lack of and and failure of leadership that he's

913
00:54:05,920 --> 00:54:09,200
Speaker 1: had on coronavirus. UM. That's just making it impossible for him.

914
00:54:09,239 --> 00:54:12,040
Speaker 1: Of course, this nomination doesn't stand a better chance in

915
00:54:12,120 --> 00:54:15,680
Speaker 1: a couple of weeks, um, you know, after the quarantine

916
00:54:15,719 --> 00:54:18,040
Speaker 1: is over for him and Rick Scott. Uh. Since you

917
00:54:18,160 --> 00:54:22,040
Speaker 1: also have Mark Kelly, uh the Democrat who just won

918
00:54:22,080 --> 00:54:25,920
Speaker 1: in Arizona in that special election coming in and so

919
00:54:27,480 --> 00:54:30,279
Speaker 1: a different different counts there. I have a fun one

920
00:54:30,280 --> 00:54:32,440
Speaker 1: because I feel like I feel like, you know, we

921
00:54:32,560 --> 00:54:34,680
Speaker 1: gotta we gotta have a little bit of fun today.

922
00:54:34,840 --> 00:54:36,960
Speaker 1: Am I right, Jim? Am I right? Louis? Can we

923
00:54:37,040 --> 00:54:41,239
Speaker 1: have a little bit of floting fun? Okay? The New

924
00:54:41,320 --> 00:54:47,640
Speaker 1: York Times headline, Dolly Parton singer, songwriter, pandemic savior. The

925
00:54:47,760 --> 00:54:52,880
Speaker 1: Guardian Dolly Parton partly funded Madera COVID vaccine research. CNN.

926
00:54:53,280 --> 00:54:58,640
Speaker 1: Dolly Parton helped fund Madernas COVID nineteen vaccine research. She

927
00:54:59,080 --> 00:55:03,640
Speaker 1: really did. She donated one million dollars to coronavirus research

928
00:55:03,719 --> 00:55:07,560
Speaker 1: at Vanderbilt University, a down board than seven months later,

929
00:55:07,960 --> 00:55:11,600
Speaker 1: it's been revealed that the legendary performers donation helped fund

930
00:55:11,640 --> 00:55:18,000
Speaker 1: the Maderna COVID nineteen va scene. Dolly Parton, you know,

931
00:55:18,080 --> 00:55:21,680
Speaker 1: if if Jim Lewis, can we agree that Dolly Parton

932
00:55:21,760 --> 00:55:24,880
Speaker 1: did something good for Maderna an American heroes. He's an

933
00:55:24,880 --> 00:55:26,960
Speaker 1: American hero And you know, she's actually done so much

934
00:55:27,640 --> 00:55:31,880
Speaker 1: helping increased literally literacy rate in her home state, Tennessee.

935
00:55:32,080 --> 00:55:35,840
Speaker 1: She's just an a hero. Jim, do you like Dolly?

936
00:55:36,960 --> 00:55:39,440
Speaker 1: I do? And again, we have plenty of American heroes

937
00:55:39,480 --> 00:55:41,080
Speaker 1: and she's one of them. A lot of people have

938
00:55:41,160 --> 00:55:43,520
Speaker 1: stepped up and done a lot of good things, including

939
00:55:43,560 --> 00:55:49,200
Speaker 1: all these frontline healthcare workers. I agree. I agree. Do

940
00:55:49,320 --> 00:55:52,080
Speaker 1: we have do we have amen? Do we have Joe, Lene,

941
00:55:52,280 --> 00:55:54,480
Speaker 1: Reggie on the boards? Can we get some Joelene to

942
00:55:54,520 --> 00:55:56,400
Speaker 1: take me out? Some Dolly parton? All right? Well, I

943
00:55:56,440 --> 00:55:58,640
Speaker 1: want to thank everybody for for listening to Dolly on

944
00:55:58,719 --> 00:56:01,080
Speaker 1: the way out? Uh do Lord? The Bloomberg sound on

945
00:56:01,200 --> 00:56:06,279
Speaker 1: podcast on Apple iTunes. There it is. Let's just listen

946
00:56:06,360 --> 00:56:15,240
Speaker 1: to I'm Kevin Surlier. You're listening to Bloomberg nine one, Julie, Julie,

947
00:56:15,960 --> 00:56:21,400
Speaker 1: Jolie and Jolly. Please don't take him just because you