WEBVTT - Bloomberg Businessweek Weekend-November 7, 2020 0:00:00.880 --> 0:00:05.400 This is Bloomberg Business Week with Carol Measure from Bloomberg Radio. 0:00:06.480 --> 0:00:08.799 Hier Carol Matts, and welcome to the weekend edition of 0:00:08.800 --> 0:00:11.959 Bloomberg Business Week, Week thirty four. Working from home still 0:00:12.000 --> 0:00:14.840 for so many nothing going on this week, I'm of 0:00:14.880 --> 0:00:17.680 course kidding. It was a huge week. We had the 0:00:17.760 --> 0:00:20.240 U s election of FED meeting, a US jobs report, 0:00:20.520 --> 0:00:24.120 in COVID nineteen cases and hospitalizations rising around the globe. 0:00:24.120 --> 0:00:26.800 If there was a theme, it's that it's all connected. 0:00:27.080 --> 0:00:30.480 In our conversations this week, we're about that connectivity, touching 0:00:30.480 --> 0:00:33.160 on the vote, the virus, and the visibility and virility 0:00:33.240 --> 0:00:36.080 of our economy. With that in mind, coming up this hour, 0:00:36.280 --> 0:00:38.600 thanks just times here as we see those case counts 0:00:38.640 --> 0:00:40.960 go up in the hospitalizations go up as well on 0:00:41.000 --> 0:00:44.240 the coronavirus. Dr Penny Wheeler, President CEO at a Line 0:00:44.240 --> 0:00:47.120 of Health, on the Midwest surge and staying with Health, 0:00:47.240 --> 0:00:50.040 the CEO of November on their mission when it comes 0:00:50.080 --> 0:00:53.320 to men's physical and mental well being. We begin though 0:00:53.360 --> 0:00:55.680 this week with the biggest story, and that is the 0:00:55.680 --> 0:00:59.480 presidential election. It's the cover story of this week's magazine 0:00:59.720 --> 0:01:02.000 and a election that had us all on edge and 0:01:02.040 --> 0:01:05.880 as Bloomberg Business National correspondent Josh Green reports, despite all 0:01:05.920 --> 0:01:08.440 the election on certainty that we saw this week, one 0:01:08.440 --> 0:01:11.080 thing is for sure, and that is Trump is m 0:01:11.160 --> 0:01:14.080 is here to stay. Here's our conversation with Josh un 0:01:14.120 --> 0:01:17.920 Joel Webber, Bloomberg Business Week editor. As we were working 0:01:17.959 --> 0:01:20.360 on this issue, we knew that there were it was 0:01:20.480 --> 0:01:23.640 very likely that we have multiple outcomes, and we sort 0:01:23.640 --> 0:01:26.679 of prepped for every one of those outcomes, and Josh 0:01:26.800 --> 0:01:29.040 was the secret weapon for for one of them, which 0:01:29.120 --> 0:01:31.639 was sort of you know, we might go to press 0:01:31.720 --> 0:01:35.160 and not knowing who the eventual winner is. Josh and like, 0:01:35.240 --> 0:01:37.160 what the story should we consider for that moment? And 0:01:37.160 --> 0:01:39.440 he was like it was genius. He was like, by 0:01:39.440 --> 0:01:42.120 the way, and no matter what outcome, Trump is um 0:01:42.240 --> 0:01:45.120 is here to stay. And actually, as we've seen the 0:01:46.080 --> 0:01:49.480 results UM come come out, you know, hour after hour 0:01:49.560 --> 0:01:52.840 and day after day, since it actually has only become 0:01:53.120 --> 0:01:55.920 more and more true. Um. So, Josh, what what did 0:01:55.920 --> 0:02:00.000 you see that led you to that thesis? Initially? Well, 0:02:00.200 --> 0:02:03.200 if you look at what binds Republican voters today, it's 0:02:03.280 --> 0:02:05.720 one thing, and really one thing only if that is 0:02:05.840 --> 0:02:09.680 their enthusiasm for Donald Trump. I mean, he has higher 0:02:09.720 --> 0:02:14.000 than an approval rating consistently in polls. Uh. You know, 0:02:14.160 --> 0:02:19.480 all of the never Trumper Conservatives and moderate Democrats have 0:02:19.560 --> 0:02:23.839 either left the party lost reelection, you know, and what's 0:02:23.919 --> 0:02:27.480 left is really loyal to Trump. Trump likes being in 0:02:27.480 --> 0:02:30.519 the limelight, wants to stay around, and there isn't any 0:02:30.560 --> 0:02:34.080 obvious Republican to shove him off the stage and reform 0:02:34.160 --> 0:02:37.160 the party and taking a different direction. Uh. And I 0:02:37.200 --> 0:02:40.760 think that leads to the conclusion that Trump isn't and 0:02:40.840 --> 0:02:43.400 maybe even Trump himself are going to be the focal 0:02:43.440 --> 0:02:46.840 point of Republican politics going forward. What's also interesting in 0:02:46.880 --> 0:02:49.560 your stories, you really get into the suburban voter and 0:02:49.600 --> 0:02:52.880 the shifts that we continue to see among suburban voters. 0:02:52.880 --> 0:02:55.639 I mean, this is something the Republican Party, Josh has 0:02:55.680 --> 0:02:58.840 to be thinking about. Yeah, it is. I mean the 0:02:58.880 --> 0:03:02.120 story of you politics over the last four years, in 0:03:02.120 --> 0:03:05.960 a lot of ways, has been the shift of American 0:03:06.000 --> 0:03:10.880 suburbs across the country from being white collar Republican voters 0:03:10.880 --> 0:03:16.280 to being white collar Democratic voters. We saw inklings event 0:03:16.280 --> 0:03:21.280 in even as Hillary lost UM, she narrowed Democratic margins 0:03:21.280 --> 0:03:25.079 in Arizona in Texas. UM to to you know, formerly 0:03:25.120 --> 0:03:27.880 deeply read states. In eighteen, in the mid term elections, 0:03:27.919 --> 0:03:31.640 we saw this huge blue wave that swept out Republican 0:03:31.680 --> 0:03:36.440 incumbents UH in districts around uh, you know, Denver, Philadelphia, 0:03:36.880 --> 0:03:41.320 Northern Virginia and northern New Jersey, Minneapolis, even down in 0:03:41.400 --> 0:03:46.080 Dallas and Fort Worth. UH. And what we've seen suburbs 0:03:46.120 --> 0:03:50.080 by and large have stuck with Democrats, UM and and 0:03:50.120 --> 0:03:53.240 are happy to vote for Joe Biden. And I think 0:03:53.280 --> 0:03:56.800 going forward that that's that's a potentially existential problem for 0:03:56.840 --> 0:04:00.480 the Republican Party because you you ultimately need to win 0:04:00.560 --> 0:04:02.920 suburbs to hold onto the White House. And if you've 0:04:03.000 --> 0:04:05.400 driven away those voters in a way that that Trump's 0:04:05.440 --> 0:04:08.120 Republican Party have, UM, You've got to figure out a 0:04:08.120 --> 0:04:11.920 way to get them back. Josh. You know, one of 0:04:11.960 --> 0:04:13.640 the other things that you have in your story is 0:04:13.720 --> 0:04:17.279 sort of the twenty twelve moment in the Republican Party 0:04:17.320 --> 0:04:22.640 where they did do an autopsy uh and ultimately led 0:04:22.880 --> 0:04:27.479 to a moment where it created an environment for Trump. UM. 0:04:27.520 --> 0:04:30.760 What would be the likelihood of an autopsy this time? 0:04:31.960 --> 0:04:33.840 You know, I think it to be about zero. You know, 0:04:33.880 --> 0:04:36.679 the optops that you're talking about twelve, Mitt Romney lost 0:04:36.720 --> 0:04:39.320 and the party leaders got together and did a big 0:04:39.360 --> 0:04:42.279 deep dive study and what they needed to do, um 0:04:42.320 --> 0:04:45.160 to make the party competitive again. And their conclusions where 0:04:45.200 --> 0:04:48.760 we need to embrace immigration reform, uh, present a softer 0:04:48.960 --> 0:04:54.480 image to attract young people, LGBT minorities. And of course, 0:04:54.520 --> 0:04:57.520 as we now know, the party went in exactly the 0:04:57.560 --> 0:05:00.840 opposite direction and nominated Donald Trump. That was back when 0:05:00.839 --> 0:05:06.640 there really wasn't a galvanizing singular personality, um, you know, 0:05:06.640 --> 0:05:09.720 exerting influence over the party. Well now there is so 0:05:10.480 --> 0:05:13.719 uh you know. The fact that you know, Trump has 0:05:13.800 --> 0:05:17.440 spent the last few days talking about voter fraud and 0:05:17.480 --> 0:05:20.120 the election being stolen from him, and that so many 0:05:20.160 --> 0:05:25.080 Republican elected officials have been willing to echo those charges, uh, 0:05:25.120 --> 0:05:27.960 you know, says to me that there doesn't even seem 0:05:28.000 --> 0:05:31.200 to be a willingness of Republican leaders who do understand 0:05:31.400 --> 0:05:34.760 what Trump has cost them to try and embark on 0:05:34.800 --> 0:05:38.640 that kind of shift. What's happened to the traditional conservative 0:05:38.640 --> 0:05:41.200 Republicans at the party has been known for for so 0:05:41.240 --> 0:05:43.400 many laws, you know, for so many years, the Lincoln 0:05:43.400 --> 0:05:46.760 Project Republicans. Are they just gone? Do they come back? 0:05:46.839 --> 0:05:51.240 What happens, Well, you know, many of them have left 0:05:51.240 --> 0:05:54.160 the party. UM, many of them have have have sort 0:05:54.160 --> 0:05:58.200 of broken off and and become public dissidents like the 0:05:58.240 --> 0:06:02.120 Lincoln Project folks. But it's a kind of like normal human, 0:06:02.320 --> 0:06:05.000 regular Joe level. A lot of those people have just 0:06:05.080 --> 0:06:07.520 become Biden votes. I mean, we can see that in 0:06:07.560 --> 0:06:09.760 the fact that it's already clear that Biden is gonna 0:06:09.760 --> 0:06:12.760 winn an enormous popular vote victory, and a lot of 0:06:12.760 --> 0:06:17.840 these these conservatives voted for moderate Democratic House candidates in 0:06:17.880 --> 0:06:21.239 twenty eighteen. UM. The problem in the Lincoln Project has 0:06:21.320 --> 0:06:23.560 is that they don't really represent any big base of 0:06:23.600 --> 0:06:27.760 report of voters left in the Republican Party, so they're 0:06:27.800 --> 0:06:30.039 not really speaking for anyone and probably aren't really going 0:06:30.080 --> 0:06:32.039 to have a lot of power to reshape the party 0:06:32.080 --> 0:06:36.240 going forward. That's Josh Green, Bloomberg business Week National correspondent. 0:06:36.320 --> 0:06:40.080 He is also author of Devil's Bargain, Steve Bannon, Donald Trump, 0:06:40.120 --> 0:06:43.360 and the Nationalist Uprising. That book you should definitely check out, 0:06:43.480 --> 0:06:46.359 joining also, of course, Bloomberg Business Week editor Joel Weber. 0:06:46.480 --> 0:06:48.560 Check out that full cover story in this week's issue 0:06:48.560 --> 0:06:51.720 of Bloomberg Business Week magazine. It is online, on newsstands 0:06:51.920 --> 0:06:55.359 and always on the Bloomberg Coming up. The election occupied 0:06:55.400 --> 0:06:57.799 a lot of our headspace this week. This is COVID 0:06:57.839 --> 0:07:01.240 nineteen continue to reoccupy our world. An update on the 0:07:01.279 --> 0:07:06.720 pandemics is coming up next. This is Bloomberg. This is 0:07:06.760 --> 0:07:10.960 Bloomberg Business Week with Garrol Mazier from Bloomberg Radio. We're 0:07:11.000 --> 0:07:13.040 bringing you some of the highlights from our daily radio 0:07:13.080 --> 0:07:16.280 broadcast and podcasts. That included an update on COVID nineteen, 0:07:16.320 --> 0:07:18.920 which saw record increases in some parts of the globe, 0:07:19.200 --> 0:07:22.480 and as America's COVID nineteen hotspots stuck with President Trump 0:07:22.560 --> 0:07:25.280 in the election. We got an update on the virus 0:07:25.320 --> 0:07:28.120 this week from Dr Penny Wheeler. She's president CEO at 0:07:28.120 --> 0:07:30.280 a Line of Health. They've got twelve hospitals in the 0:07:30.320 --> 0:07:33.120 Minnesota area. We talked with her about the rise in 0:07:33.120 --> 0:07:36.080 the Midwest. Thanks just times here as we see those 0:07:36.080 --> 0:07:39.200 case counts go up in the hospitalizations go up as well, 0:07:39.320 --> 0:07:44.000 So so uh, there's some anxiety about that for certain 0:07:44.280 --> 0:07:46.760 I am wondering what's the what are the conversations Dr 0:07:46.760 --> 0:07:49.480 Wheeler that you're having. You know, I mentioned the number 0:07:49.520 --> 0:07:51.880 over in France. We're watching Europe. I think everybody in 0:07:51.880 --> 0:07:54.400 the US is wondering, Okay, is this where we are headed? 0:07:54.720 --> 0:07:58.680 France reporting a record fifty two thousand, five eighteen new 0:07:58.720 --> 0:08:02.400 coronavirus cases. That's a big number. Uh, And I wonder 0:08:03.040 --> 0:08:07.160 are you guys setting up are the facilities within your 0:08:07.280 --> 0:08:11.040 system and that you are involved with? Are you guys 0:08:11.040 --> 0:08:14.960 and anticipating another big surge or seeing it all? Yeah? 0:08:15.280 --> 0:08:16.840 We are, We are certain to see it already. I 0:08:16.880 --> 0:08:19.360 would say that you know, in our you know, in 0:08:19.360 --> 0:08:22.360 in Minnesa, you know you just mentioned Carol, the surrounding 0:08:22.400 --> 0:08:26.040 states to Minnesota, all the Wisconsin and Iowa, we've all 0:08:26.080 --> 0:08:29.880 had about a higher than positivity rate. We've been creeping 0:08:29.960 --> 0:08:32.439 up and we've been seeing it around our border towns too. 0:08:32.679 --> 0:08:36.400 But we're in about eight percent produce, you know, positivity rate. 0:08:36.440 --> 0:08:39.280 And I can tell you our hospital takes care about 0:08:39.320 --> 0:08:43.080 a quarter to a third of all um those in 0:08:43.120 --> 0:08:47.200 Minnesota affected by the virus. And we have doubled our 0:08:47.240 --> 0:08:50.240 census in COVID cases over the last two weeks. So 0:08:50.960 --> 0:08:54.560 it's coming quickly here. But what's what's you know? I'm curious, 0:08:54.760 --> 0:08:57.360 you know, certainly in some of the conversations we've had 0:08:57.400 --> 0:09:00.160 with within the medical community is that we did have 0:09:00.200 --> 0:09:02.520 the playbook back in March, right, we were just scrambling 0:09:02.520 --> 0:09:04.720 to figure it all out. Get the equipment, get every 0:09:04.840 --> 0:09:07.080 you know, the places you know, get the systems, the 0:09:07.120 --> 0:09:10.120 necessary systems in place, or the equipment in place. I 0:09:10.160 --> 0:09:13.160 do feel like we are smarter now, and I hope so, 0:09:13.280 --> 0:09:15.360 but I do wonder what are you seeing or what 0:09:15.440 --> 0:09:17.880 have we learned from the past six to seven months, 0:09:17.880 --> 0:09:22.480 whether it's equipment, but also treating patients. Yeah, totally smarter, 0:09:22.679 --> 0:09:25.800 Totally smarter, and how we're treating patients and supporting other 0:09:26.000 --> 0:09:28.880 organ systems and knowing how to treat them. So fewer 0:09:28.920 --> 0:09:31.160 people who are in our intensive care units are actually 0:09:31.360 --> 0:09:33.520 coming to the disease and dying so bad is good 0:09:33.800 --> 0:09:36.319 good news because we've learned more and we have more 0:09:36.320 --> 0:09:39.640 more treatments and more um support available. You know, we 0:09:39.720 --> 0:09:43.360 do have the right now, the stuff available. We increasing 0:09:43.400 --> 0:09:46.520 testing significantly. I'll tell you. The biggest challenge for us 0:09:47.280 --> 0:09:51.640 is staffing. Staffing this appropriately for the search because of 0:09:51.640 --> 0:09:54.320 course some of our healthcare workers are also people who 0:09:54.400 --> 0:09:57.080 are getting ill or having family members that are ill. 0:09:57.760 --> 0:10:01.720 So the plea would be boy, please do the distancing 0:10:01.800 --> 0:10:04.240 and masking. I know it's getting old and hard, but 0:10:04.320 --> 0:10:07.760 you're also protecting our healthcare workers significantly by doing so. 0:10:08.160 --> 0:10:10.520 You know, I think it's really interesting that you're saying that, 0:10:10.600 --> 0:10:13.320 because um I had a conversation actually with the CEO 0:10:13.360 --> 0:10:16.240 of Chipotle last week and I said, you know, same thing. 0:10:16.480 --> 0:10:19.640 You know what has changed in your world, you know, 0:10:19.840 --> 0:10:22.640 since March and April in terms of the virus, And 0:10:22.679 --> 0:10:25.400 he said, one of the most recent challenges is that 0:10:25.559 --> 0:10:27.800 our own employees are getting sick and it makes it 0:10:28.240 --> 0:10:30.160 harder to run the restaurant. And I do think this 0:10:30.240 --> 0:10:33.760 is going to be maybe the story for the second 0:10:33.800 --> 0:10:36.640 third waves is you know, making sure that whether it's 0:10:36.640 --> 0:10:39.720 in healthcare, whatever industry, that we've got the necessary workers. 0:10:39.760 --> 0:10:42.959 And I know in healthcare it's critical, yeah, critical to 0:10:43.240 --> 0:10:45.480 just really the health of the community and our ability 0:10:45.559 --> 0:10:48.640 to treat people. So I worry that our capacity limitation 0:10:48.679 --> 0:10:53.240 will be healthy available staff, so be who limits. It 0:10:53.280 --> 0:10:55.600 won't be on the it won't be on the PPE 0:10:55.840 --> 0:10:57.880 right now, it looks like it won't probably be on 0:10:57.920 --> 0:10:59.840 the testing. It will be on that. So what are 0:10:59.840 --> 0:11:03.360 you do? Can you reach out to or what do 0:11:03.400 --> 0:11:06.040 you do do you reach out to your surrounding community, 0:11:06.040 --> 0:11:08.560 but they're also facing the same thing. Is there is 0:11:08.559 --> 0:11:12.640 there federal assistance that can help in this kind of situation. 0:11:13.440 --> 0:11:15.599 Not you know, we're not looking to federal assistance, but 0:11:15.640 --> 0:11:18.800 we can are collaborating wonderfully well among you know, the 0:11:18.920 --> 0:11:22.000 systems here, so that we're trying to just balance things out. 0:11:22.040 --> 0:11:25.520 If somebody doesn't have I feew availability, who does, so 0:11:25.600 --> 0:11:28.000 we're not you know, this is the time again for collaboration, 0:11:28.080 --> 0:11:32.280 not competitiveness. And then we're we're continually working with each other. 0:11:32.320 --> 0:11:34.720 Like two of us are involved, for example, in vaccine 0:11:34.720 --> 0:11:37.200 trials that are going on, so we're trying to be 0:11:37.280 --> 0:11:41.200 proactive about you know, enrolling people in in in those 0:11:41.240 --> 0:11:44.920 trials as well. Yeah, I do wonder you know that, 0:11:45.080 --> 0:11:46.480 Like I said that this is going to be one 0:11:46.520 --> 0:11:50.040 of the main stories at this point. Um. I do 0:11:50.080 --> 0:11:52.320 wonder too that one of the things that we saw, 0:11:52.480 --> 0:11:55.240 certainly when we were in the midst of it here 0:11:55.240 --> 0:11:57.760 in the New York metro area, that there was really 0:11:57.800 --> 0:12:02.079 this great kind of sharing of equipment, sharing of knowledge. 0:12:02.240 --> 0:12:04.280 And you know, what are you seeing, you know, as 0:12:04.280 --> 0:12:07.160 you deal with the entire healthcare community or are you 0:12:07.240 --> 0:12:12.240 seeing that continued cooperation and assistance around the country. We're 0:12:12.240 --> 0:12:15.680 seeing we're seeing the collaboration and cooperation here in spades. 0:12:16.480 --> 0:12:19.360 And well, we can get you can manufacture equipment. What 0:12:19.440 --> 0:12:25.280 you can't do is manufactured talented, compassionate UM staff. And 0:12:25.360 --> 0:12:28.160 so again that's the that's the area that I think 0:12:28.200 --> 0:12:32.320 all of us are most concerned about. Dr UM well 0:12:32.320 --> 0:12:34.400 are One thing I wanted to know is in terms 0:12:34.440 --> 0:12:38.600 of those getting the virus, are the demographics changing? Is 0:12:38.600 --> 0:12:41.240 it older, younger? Is it a mixture. I'm just curious 0:12:41.320 --> 0:12:45.600 what you guys are seeing. Yeah, the demographics aren't changing 0:12:45.600 --> 0:12:49.280 in terms of those UM disproportedly affected who are black, 0:12:49.400 --> 0:12:52.719 indigenous people of color, so that's not changing. We are 0:12:52.720 --> 0:12:57.160 seeing a slight shift to younger UM people getting getting 0:12:57.160 --> 0:13:02.480 the virus uh UM. But otherwise profile and obviously the 0:13:02.520 --> 0:13:05.560 most of the very severe illness isn't. Sadly, the deaths 0:13:05.600 --> 0:13:09.600 occur in those who are in the older age groups 0:13:09.720 --> 0:13:12.839 or those who have chronic illnesses, So that's staying the same. YEA, 0:13:12.960 --> 0:13:16.640 so very very similar. Listen, you know better than most 0:13:16.760 --> 0:13:20.000 it's all about you know, a vaccine. Although when you 0:13:20.800 --> 0:13:22.520 I'm curious how you feel about this. I feel like 0:13:22.559 --> 0:13:25.439 we continue to have conversations where more and more members 0:13:25.440 --> 0:13:27.840 of the medical community say, yep, a vaccine is very important, 0:13:27.840 --> 0:13:31.320 but also really important is wearing your masks, social distancing, 0:13:31.400 --> 0:13:34.720 doing all all those simple things that can really make 0:13:34.760 --> 0:13:38.040 a difference in terms of our fight against this virus. Well, 0:13:38.200 --> 0:13:40.800 no question over emphasizing those over and over again. I 0:13:40.920 --> 0:13:45.079 heard one of your wonderful masks UH public service announcements 0:13:45.320 --> 0:13:49.000 while I was waiting. That's so important. The vaccine is important. 0:13:49.120 --> 0:13:51.560 It's it's not and all be all. Though we're involved 0:13:51.600 --> 0:13:55.600 in a Johnson and Johnson ensemble vaccine trial with enrollment 0:13:55.720 --> 0:13:59.640 of people, and we're actually participating, you know, especially focused 0:13:59.640 --> 0:14:03.320 on pope relations of color, Black, Indigenous, and people of 0:14:03.320 --> 0:14:07.680 color as participants targeting specific zip codes. Sometimes these these 0:14:07.679 --> 0:14:11.480 studies are done too much on a moor of you know, 0:14:11.640 --> 0:14:16.840 a white population, and this is disproportionately affecting people of 0:14:16.880 --> 0:14:20.920 colors that we're actually targeting and asked to target our 0:14:21.200 --> 0:14:24.600 our vaccine trial accordingly. And then I think, Carol, you 0:14:24.600 --> 0:14:26.240 said it just right on the other side of things. 0:14:26.360 --> 0:14:29.160 We want a vaccine that can be trusted for sure, 0:14:29.200 --> 0:14:32.000 and that has safety, and that trust is important to 0:14:32.040 --> 0:14:35.360 people being able to actually get the vaccine. But remember 0:14:35.400 --> 0:14:39.840 even the even great flu vaccines are you know, successful, 0:14:40.360 --> 0:14:43.920 and then there's a proportion that doesn't take them. So, 0:14:44.080 --> 0:14:46.040 you know, I also don't want people to think that 0:14:46.080 --> 0:14:48.400 it's you know, we're flipping a switching. It's all over 0:14:48.480 --> 0:14:51.160 at that point. That's Dr Penny wheel or President CEO 0:14:51.240 --> 0:14:53.840 at a line of health. Well still to come. November 0:14:54.000 --> 0:14:56.240 it's the month used to raise awareness of men's health 0:14:56.280 --> 0:14:59.920 issues such as prostate cancer, testicular cancer, and men's suicide. 0:15:00.120 --> 0:15:02.080 We'll get more when we check in with Michelle Terry, 0:15:02.160 --> 0:15:05.480 CEO of November, about their growing mission. This is Bloomberg 0:15:09.240 --> 0:15:14.080 is Bloomberg Business Week with Carol Mazer from Bloomberg Radio. November. 0:15:14.160 --> 0:15:16.440 You know what it is. It's an annual event involving 0:15:16.440 --> 0:15:19.040 the growing of mustaches during the month of November to 0:15:19.120 --> 0:15:22.200 raise awareness of men's health issues. We're talking about prostate cancer, 0:15:22.240 --> 0:15:26.920 testicular cancer, and also men's suicide. Rejected with Michelle Terry, 0:15:26.960 --> 0:15:29.840 she's the CEO of November, to hear about their mission 0:15:29.880 --> 0:15:32.160 to make an impact more broadly when it comes to 0:15:32.200 --> 0:15:34.240 men's health. I caught up with her while she was 0:15:34.280 --> 0:15:37.640 in Melbourne, Australia. It's one thing to kind of understand 0:15:37.640 --> 0:15:40.880 deeply the sort of health crisis that's happened with COVID nineteen, 0:15:40.920 --> 0:15:43.720 and certainly that's the first thing to understand, but then 0:15:43.760 --> 0:15:47.360 when you take into account the economic crisis and and 0:15:47.400 --> 0:15:50.680 then actually, you know, you layer onto that just sort 0:15:50.680 --> 0:15:54.760 of the sort of racial justice reckoning that happened in 0:15:54.840 --> 0:15:59.160 the summer that the world, our country, uh, you know, 0:15:59.200 --> 0:16:01.520 the globe is is sort of dealing with these three 0:16:01.560 --> 0:16:05.840 factors and when they have caused it immeasurable domino effects 0:16:05.920 --> 0:16:11.920 against the support structures the and just like the way 0:16:12.120 --> 0:16:16.840 people are are, what lifelines they have for all things, 0:16:16.880 --> 0:16:20.760 whether it's the health, whether it's safety, whether it's their 0:16:20.840 --> 0:16:25.080 educational framework, whether it's food and the ability to kind 0:16:25.120 --> 0:16:29.760 of find food resources, you know, from whether how much 0:16:29.760 --> 0:16:31.320 food they have in their house to even the kind 0:16:31.320 --> 0:16:34.280 of quality of food. And that's just it's happening across 0:16:34.360 --> 0:16:36.840 the globe. And I think it's just that is the 0:16:36.880 --> 0:16:39.480 thing about COVID nineteen, that it's, you know, we call 0:16:39.520 --> 0:16:41.920 it one thing, but it has so many tentacles into 0:16:41.960 --> 0:16:45.520 so many other effects. Well, I do wonder to you know, Allison, 0:16:46.600 --> 0:16:50.120 These are these are problems, whether it's education, whether it's safety, 0:16:50.120 --> 0:16:53.600 whether it's health, you know, or inequities and healthcare, or 0:16:53.680 --> 0:16:57.040 whether it's you know, access to having a safety net 0:16:57.120 --> 0:16:59.760 so that if there you can't work for a couple. 0:17:00.000 --> 0:17:02.760 And you know, the rainy day fund we found, you know, 0:17:03.000 --> 0:17:06.080 people don't many Americans just don't have it. And now 0:17:06.080 --> 0:17:08.800 we're struggling, you know, to even just put food on 0:17:08.800 --> 0:17:10.719 the table or keep a roof over their heads. I 0:17:10.760 --> 0:17:12.960 do wonder you guys have drawn, you know, put a 0:17:12.960 --> 0:17:14.760 lot of money towards this, and you've also drawn a 0:17:14.800 --> 0:17:17.199 lot of attention to us what changes What are the 0:17:17.240 --> 0:17:20.040 policies that we can think about that actually make a different, 0:17:20.600 --> 0:17:23.240 you know, the change the trajectory of these people's lives. 0:17:24.600 --> 0:17:27.639 I think, you know, from our from our standpoint, it's 0:17:27.680 --> 0:17:29.560 you know, there there is a conversation to we have 0:17:29.640 --> 0:17:32.080 with policies, but there's also a conversation to be had 0:17:32.119 --> 0:17:34.960 about programs and the kind of programs that actually move 0:17:35.040 --> 0:17:38.720 the needle to not only support from an infrastructure perspective. 0:17:38.800 --> 0:17:41.680 So in the in the in the opportunity for frold 0:17:41.680 --> 0:17:44.760 Play project, you know, we're talking about trying to raise 0:17:44.840 --> 0:17:47.760 dollars to support the fourteen million children in the US 0:17:47.800 --> 0:17:51.320 that are currently not getting enough to eat, and that is, 0:17:51.640 --> 0:17:53.879 you know, and over two d and sixty five million 0:17:53.920 --> 0:17:57.679 people globally who are facing severe threats of hunger in 0:17:58.400 --> 0:18:00.680 for all the reasons that we've already discussed. And so 0:18:00.800 --> 0:18:03.320 in some ways, you know, there is a as I mentioned, 0:18:03.359 --> 0:18:06.040 there is a policy conversation, but there is also like 0:18:06.160 --> 0:18:09.080 a very straight up you know, we need to get 0:18:09.119 --> 0:18:11.480 dollars to the right organizations who are on the ground 0:18:11.520 --> 0:18:14.200 that can actually sort of fulfill some of these basic 0:18:14.320 --> 0:18:18.400 needs are happening today. And I think that first and foremost, 0:18:18.400 --> 0:18:20.680 and if you look at it from from the health 0:18:20.840 --> 0:18:24.080 you know, getting getting access to healthcare, preventative healthcare, getting 0:18:24.160 --> 0:18:27.480 responses to what's obviously COVID nineteen, or even the myriad 0:18:27.520 --> 0:18:29.040 of other things that are out there. You know, flu 0:18:29.119 --> 0:18:31.639 season is coming up. That's even something that we need 0:18:31.720 --> 0:18:34.119 to be cognitant of. UM. And so the kind of 0:18:34.119 --> 0:18:37.840 services that fite that I think on on food scarcity 0:18:37.840 --> 0:18:40.639 and food insecurity, you know, you can think of the 0:18:40.680 --> 0:18:44.000 ties into education and the and the structure that a 0:18:44.040 --> 0:18:46.240 lot of kids get some of their best meals within 0:18:46.280 --> 0:18:48.959 the school complex. If the school is not open and 0:18:49.000 --> 0:18:51.800 you have distributed learning, not only is there a learning 0:18:51.840 --> 0:18:54.600 loss happening, but there is also kind of access to 0:18:54.640 --> 0:18:57.600 food is cut off. And so you know, I think 0:18:57.640 --> 0:19:00.720 from our standpoint, you know, we are this season. You know, 0:19:00.760 --> 0:19:02.960 we took a look at you know, Red Nose Days. 0:19:03.119 --> 0:19:06.600 Mission is to keep children safe, healthy, educated, and empowered. 0:19:06.600 --> 0:19:08.600 And we do that through a variety of programs. Because 0:19:09.440 --> 0:19:12.560 Grand Tea Partners, some of whom are the one thing 0:19:12.600 --> 0:19:15.440 you're familiar with Feeding America Boys and Girls, Cup of America. 0:19:15.560 --> 0:19:19.159 We raise public funds too, then uh make sure that 0:19:19.160 --> 0:19:22.240 those dollars go to these organizations that have these deeply 0:19:22.320 --> 0:19:26.200 rooted programs. This season, in November and December is the 0:19:26.240 --> 0:19:28.359 holiday season, and I know what's going to happen around 0:19:28.400 --> 0:19:31.439 mind holiday table. I'm sure some folks your listeners are 0:19:31.440 --> 0:19:33.639 going to think about that too. There are going to 0:19:33.720 --> 0:19:35.840 be folks who are not going to have such security 0:19:35.840 --> 0:19:38.280 around that table. And in fact, it's not just around 0:19:38.280 --> 0:19:42.280 the holiday dinner. It's it's this whole every day. And 0:19:42.320 --> 0:19:44.479 I know we've been talking about it, but officially you 0:19:44.520 --> 0:19:47.560 guys launched the Full Plate Project program and just tell 0:19:47.600 --> 0:19:50.080 US little bit more about I know you've been hitting 0:19:50.080 --> 0:19:52.720 on it, um Allison, but just what it I mean, 0:19:52.760 --> 0:19:57.359 it encompasses a lot. Yeah, yeah, so thank you. Um. 0:19:57.400 --> 0:20:00.240 You know, I think everyone knows the Red nos as 0:20:00.240 --> 0:20:04.480 a campaign that activates in the spring um supporting children. 0:20:04.520 --> 0:20:07.840 But honestly, with the unprecedented need everything we've been talking 0:20:07.840 --> 0:20:09.879 about with COVID and that we're seeing around the country 0:20:09.880 --> 0:20:12.159 and around the world, we we thought it was the 0:20:12.240 --> 0:20:15.840 right time to utilize Red Nose Day. It's really powerful 0:20:15.880 --> 0:20:18.879 region and our network where our core partners of Walgreens 0:20:18.880 --> 0:20:22.119 and NBC to activate the Full Plate project and to 0:20:22.240 --> 0:20:27.359 raise awareness for food scarcity and hunger right now around 0:20:27.400 --> 0:20:30.639 the holiday time. Couldn't be It couldn't be kind of 0:20:30.640 --> 0:20:34.119 more oppresident time to sort of understand, like, um, the 0:20:34.240 --> 0:20:37.040 real problem with hunger in in the US and around 0:20:37.040 --> 0:20:40.399 the world. That's Michelle Terry, CEO of November, catching up 0:20:40.400 --> 0:20:43.600 with her from Melbourne, Australia. You are listening to Bloomberg 0:20:43.680 --> 0:20:47.080 Business Week coming up conversational commerce. It's coming to a 0:20:47.160 --> 0:20:49.920 virtual store near you. We'll hear more when we check 0:20:49.920 --> 0:20:53.359 in with the CEO of Live Person, Rob Laicasio. This 0:20:53.520 --> 0:20:58.720 is Bloomberg is Bloomberg Business Week with Carol Messer from 0:20:58.800 --> 0:21:02.280 Bloomberg Radio. Well, many retailers and brands pivoted to digital 0:21:02.359 --> 0:21:05.320 if they weren't already there because of the coronavirus. We 0:21:05.400 --> 0:21:08.080 talked about that with Rob Licasio. He's founder, chairman and 0:21:08.160 --> 0:21:11.720 CEO of Live Person. It's an a powered conversational platform 0:21:11.760 --> 0:21:15.480 for consumers to engage with companies. Rob reminded us it's 0:21:15.520 --> 0:21:18.520 not just about heading to a website, it's about virtual 0:21:18.640 --> 0:21:22.840 face to face shopping. Check it out. The retailers we're 0:21:22.920 --> 0:21:26.520 working with now on on two things. One is obviously 0:21:26.520 --> 0:21:29.679 that they're moving. Some people are moving more heavy to digital. 0:21:29.720 --> 0:21:31.359 Where they were in the past they were just relying 0:21:31.400 --> 0:21:34.439 on stores. So we're powering like we we have one 0:21:34.440 --> 0:21:36.680 of them. We just signed one of the world's largest jewels. 0:21:37.160 --> 0:21:39.920 We've got thousands of stores, some are open, some are not, 0:21:40.000 --> 0:21:42.159 but they want to sell jewelry and people want to 0:21:42.200 --> 0:21:46.120 ask questions and they want to have these conversations with experts. 0:21:46.160 --> 0:21:50.679