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Speaker 1: Live from our nations. How do we reopen this economy?

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

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

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

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

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

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

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

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

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Speaker 1: m h D two. Governor Larry Hogan talks schools, and

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Speaker 1: we will bring you that scheduled news conference for the

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Speaker 1: Governor of Maryland's briefing with Public Schools Superintendent Karen Salmon

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Speaker 1: that is set to begin at the top of the hour.

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Speaker 1: And we are also following six hundred Pennsylvania Avenue, where

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Speaker 1: President Trump is also set to deliver his second news

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Speaker 1: conference as part of the revamp Delhi Coronavirus Task Force

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Speaker 1: Briefings that in the five thirty half hour, in between

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Speaker 1: Tyler Deeton, Kevin Walling, and an all star panel as

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Speaker 1: they react in real time to the developments of the day,

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Speaker 1: the latest on economic stimulus as well crazy weather folks

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Speaker 1: here in the nation's capital, Hopia brought to your umbrella

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Speaker 1: with your mask and uh, you know you're saying safe,

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Speaker 1: especially if you're out on those roads because wicked, wicked

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Speaker 1: storms going through our joining us on telephone line, Tyler Deeton,

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Speaker 1: He's a Republican strategist and fundraiser. He's president of Allegiance

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Speaker 1: Strategies and Kevin Walling, Democratic strategist at h G Creative Media. Tyler,

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Speaker 1: I'll start with you. I want to We're on standby

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Speaker 1: for Governor Hogan, so if I interrupt either of you,

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Speaker 1: it's because I have to go to the governor. But

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Speaker 1: I want to bring the latest on the economic stimulus

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Speaker 1: up on Capitol Hill. Uh, And I want to cover

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Speaker 1: those developments because it's still seems that the working assumption

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Speaker 1: is that Secretary, Minution and Speaker Pillar he would like

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Speaker 1: to get to some type of a deal by the

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Speaker 1: end of next week. But I'm not sure that that's

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Speaker 1: going to happen based upon how far apart Tyler Deaton

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Speaker 1: people are. Now, Yeah, look, I were nowhere near a

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Speaker 1: deal and you know, even just mentioning Speaker Pelosian Secretary Manuchin,

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Speaker 1: they've got to get Leader McConnell on board too, and

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Speaker 1: he has to have time to get his own members

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Speaker 1: on board. And right now I don't see that coming

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Speaker 1: together even as a first draft until next week. Um.

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Speaker 1: Many many of the listeners know that the enhanced unemployment

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Speaker 1: benefits expired at the end of this week, and I'm

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Speaker 1: just afraid that we're actually gonna make it through this

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Speaker 1: moment um without an extension. And I think that what's

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Speaker 1: happened is that a lot of the Senators on both

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Speaker 1: sides of the aisle are used to this sort of

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Speaker 1: shutdown game where they really think they can pass a

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Speaker 1: bill at the very last second and turn the government

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Speaker 1: back on. But it's not like that. We have fifty

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Speaker 1: different states try to take care of unemployed people. They

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Speaker 1: can't just turn on a dime. They need a little

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Speaker 1: more advanced notice from this federal government. And so I'm

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Speaker 1: worried about it because we do still have curious unemployment.

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Speaker 1: Um the job gains that we were starting to see

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Speaker 1: have flattened off, and I'm worried. I'm worried that they

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Speaker 1: just don't have a deal, and I'm worried that behind

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Speaker 1: the scenes. I just am talking with senators, especially on

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Speaker 1: the Republican side, and we're still not out of deal. Kevin,

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Speaker 1: there is a brilliant story that just popped a couple

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Speaker 1: of an hour ago on the Bloomberg terminal by my

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Speaker 1: colleague Patrick Seisson. The headline is where is the American

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Speaker 1: Childcare bail Out? And it really goes into the issue

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Speaker 1: of childcare, particularly childcare programs that provide assistance for lesser

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Speaker 1: served communities and underserved communities. And I'm going to read

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Speaker 1: from this report. According to providers, researchers, and advocates, it's

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Speaker 1: no exaggeration to say that without government investment and assistance

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Speaker 1: from local sources, but most importantly state and federal governments,

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Speaker 1: the US child care system as we know it may collapse,

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Speaker 1: just as uncertainty around school reopenings put so many parents

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Speaker 1: in an impossible mind. I mean, you don't even have

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Speaker 1: to I mean, this is a brilliant story, and I

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Speaker 1: hope people go check it out. But but Kevin Walling,

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Speaker 1: I mean, you really don't have to to be a

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Speaker 1: rocket scientist or an economist to know that every family

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Speaker 1: in America is trying to scramble right now as they

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Speaker 1: await to hear from people like Governor Hogan and the

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Speaker 1: Superintendent of Schools um and and their school districts, public

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Speaker 1: or private or charter are trying to figure out what

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Speaker 1: to do. Go virtual a couple of days a week,

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Speaker 1: go on full time. That was Governor Larry Hogan, a

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Speaker 1: Republican governor of Maryland, saying that the masks no no shoes,

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Speaker 1: no shirt, no mask, no service, his words invoking Jimmy Buffett. Uh.

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Speaker 1: He went on to provide an update with regards to

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Speaker 1: schools and reopening gools and and really not mentioning President

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Speaker 1: Trump by name, so to speak, but saying that he

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Speaker 1: takes issue with the current administration, the Trump administration, for

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Speaker 1: not providing adequate funds or backing for adequate funds to

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Speaker 1: fund schools all over the country. Remember, he chairs the

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Speaker 1: Governor's Association Bipartisan UM. So really a fascinating, fascinating public

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Speaker 1: remarks coming from Governor Hogan. We are also on standby

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Speaker 1: for President Donald Trump to begin his daily Coronavirus Task

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Speaker 1: Force briefing. We will bring you the at least the

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Speaker 1: top of those remarks. My name is Kevin Severian, the

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

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Speaker 1: Here helping me dissect and devour the news hour of

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Speaker 1: headlines coming out of the Governor's office and in Annapolis,

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Speaker 1: and of course, uh, from the White House. Tyler Deaton

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Speaker 1: of Republican Strategist, President of Allegiance Strategies. He's a GOP

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Speaker 1: fundraiser as well. And Kevin Walling Ken and Walling is

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Speaker 1: a Democratic strategist. He's over at h I almost had HDTV.

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Speaker 1: He is at an HD Creative Media. All right, keV.

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Speaker 1: So you hear it. I mean the fights over schools,

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Speaker 1: you know, no shoes, no shirt, no, no, you got

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Speaker 1: a problem if you don't have a mass that's coming

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Speaker 1: from Governor Hogan. But the fights over schools, yeah, keV.

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Speaker 1: I mean, I feel like that speech could have been

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Speaker 1: made in Iowa by Governor Hogan. Clearly he is making

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Speaker 1: a play for I think what America looks like post Trump,

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Speaker 1: whether that's in January or four years from now, in

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Speaker 1: terms of steady leadership, you know, calling into question, uh,

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Speaker 1: while as you really point out, you know, he didn't

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Speaker 1: bring up the president's name in the addrest, but speaking

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Speaker 1: as the head of the Governor's association saying we need

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Speaker 1: more money for schools that isn't tied to opening, and

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Speaker 1: we need more money for testing. He wrote a really

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Speaker 1: scathing bet I'm sure you saw in the Washington Post

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Speaker 1: last week, talking about the work that he did with

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Speaker 1: the First Lady of Maryland in getting testing to his

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Speaker 1: state and and really calling into question the president leadership.

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Speaker 1: It is going to come down to schools. As you

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Speaker 1: said before, the Governor's addressed, parents are frustrated, parents are worried.

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Speaker 1: They've been dealing with this, you know, homeschooling children for

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Speaker 1: the last three months. There's not a lot of clarity,

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Speaker 1: as you point out, keV in what's going to happen

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Speaker 1: in the fall if schools are going to reopen its

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Speaker 1: jurisdiction by jurisdiction. So there's a lot of anxiety among

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Speaker 1: parents out there, and I think the governor speaking to

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Speaker 1: that anxiety and trying to provide a clear voice, at

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Speaker 1: least for Marylanders in a case of that address. I mean,

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Speaker 1: we're on standby. But as I was reading before my

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Speaker 1: colleague Patrick Sisson's reporting on the Bloomberg terminal just about

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Speaker 1: how you know, the childcare community. It's not just schools.

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Speaker 1: The childcare community is wondering where their bill out is.

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Speaker 1: And so many families across the country I upon UM,

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Speaker 1: neighborhood babysitters, upon, churches, places of worship, UM, as well

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Speaker 1: as preschools and other after school youth programs like my

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Speaker 1: friends over at DC scores. So many of these programs

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Speaker 1: families rely upon, and they're not being a part of

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Speaker 1: this conversation, Tyler Deaton, How important is it that those

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Speaker 1: programs get a seat at the table, especially when we're

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Speaker 1: talking about things like economic stimulus and and you know,

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Speaker 1: and and families, right, and this is I think that

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Speaker 1: what Washington, for whatever reason, and I haven't found a

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Speaker 1: lawmaker on either side who really has captured this. What

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Speaker 1: I don't think the debate is centered around is the

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Speaker 1: reality of kids going to school two days a week

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Speaker 1: virtually or in the classroom rather and then having the

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Speaker 1: rest of the time virtually any parent right now, and

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Speaker 1: and again, you don't have to be an economist, you

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Speaker 1: don't have to be in Washington to realize they're trying

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Speaker 1: to figure out, Okay, how am I gonna work? And

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Speaker 1: this is going to happen and and and those are

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Speaker 1: the individuals who might even be fortunate enough to be

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Speaker 1: in a situation where they can look for other ways

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Speaker 1: to find childcare. And then you've got parents who are

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Speaker 1: not in an economic situation, uh, because that can't find

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Speaker 1: the childcare tyler. This is a giant, colossal mess of

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Speaker 1: epic proportions. Yeah it is. And look, you put your

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Speaker 1: finger on it. It said. Different people have different challenges

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Speaker 1: right now. Okay, you have people who do, thank god,

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Speaker 1: have a job, but they have to find a way

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Speaker 1: to take care of their kids during the day. And

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Speaker 1: then you have people who still don't have a job

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Speaker 1: and on the horizon, I don't see them getting a

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Speaker 1: job in the immediate future and the next three to

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Speaker 1: six months. And they have their own problems, they have

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Speaker 1: their own needs right now. And I think that what

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Speaker 1: we're lacking is that Congress isn't looking at each of

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Speaker 1: these different kinds of groups and based on what they need,

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Speaker 1: Like those jobs are not coming back, so we need

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Speaker 1: some support for them. And not every school district in

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Speaker 1: America is going to be open. I mean, some of

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Speaker 1: the biggest school districts in the country have already announced

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Speaker 1: that they're going virtual. And so my take on this

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Speaker 1: would be, look like we can we can have this

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Speaker 1: argument and you can keep saying that, you know, Fairfax County,

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Speaker 1: Loudon County, these big counties right here in Metro DC.

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Speaker 1: You can say that you want them open, but they're

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Speaker 1: not going to be and so what are we going

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Speaker 1: to do? And that well, that's what because you've got

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Speaker 1: to find some solution. Well, and Tyler, you know, and

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Speaker 1: I think what's I think frustrating so many families across

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Speaker 1: the country. And I don't pretend to speak on their behalf,

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Speaker 1: but I think you've got this notion of Okay, if

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Speaker 1: you're going to be closed, are you going to provide

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Speaker 1: some type of childcare, You're going to provide some type

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Speaker 1: of of after school socially distant activity. And that's you know,

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Speaker 1: how do you there's a reality and then there's what

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Speaker 1: you know, the school districts and the politicians are saying.

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Speaker 1: And I think the reality is what is frustrating so

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Speaker 1: many parents across the country. You know. But when I

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Speaker 1: when I'm reporting on the next round of economic stimulus,

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Speaker 1: and and Kevin, I want to bring it back to

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Speaker 1: you for a second, as we a wait for President

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Speaker 1: Trump press conference. What Tyler said is he just described

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Speaker 1: perfectly the different factions of Americans right now who are

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Speaker 1: facing very different problems. You've got the immediate need for

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Speaker 1: people who have been furloughed or laid off through no

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Speaker 1: fault of their own as a result of the COVID

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Speaker 1: ninety pandemic, who are about to lose unemployment benefits, and

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Speaker 1: they will be so incredibly significantly impacted. It's it's hard

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Speaker 1: to comprehend. I said that on Bloomberg Surveilance this morning.

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Speaker 1: It is truthfully hard to comprehend the magnitude of the

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Speaker 1: moment of millions of Americans not being able to virtually

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Speaker 1: in the span of overnight because the world shut down,

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Speaker 1: to be able to pay their bills. So there's that issue.

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Speaker 1: And then you have the middle class people hanging on

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Speaker 1: in the middle class who have been able to keep

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Speaker 1: their jobs. And you've got this idea of the payroll

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Speaker 1: tax cut, and the payroll tax cut, whether or not

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Speaker 1: it should be applied retroactively, whether or not those who

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Speaker 1: have a job should should get a couple of bucks

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Speaker 1: extra in their paychecks. And that's what the President is

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Speaker 1: digging in on now Leader McConnell has said, really, that's

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Speaker 1: likely not going to happen. There's this divide within the

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Speaker 1: Republican Party. But it's a fight from a political standpoint

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Speaker 1: that the President, Kevin Walling, Democratic strategist, wants to have.

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Speaker 1: Is it a fight that Joe Biden wants to be

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Speaker 1: on the other side of come the fall? Yeah, I mean,

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Speaker 1: I think the presidents if you look at the news

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Speaker 1: today and Bloomberg has been on top of it in

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Speaker 1: terms of reporting you know the latest development, especially with

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Speaker 1: Rob Portman speaking earlier to Bloomberg, I think the fight

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Speaker 1: is within his own caucus. Uh, you know, the Democrats

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Speaker 1: and Joe Biden can say, listen, we have a bill

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Speaker 1: two months ago that included all these provisions. Now, you

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Speaker 1: might have a problem with the price tag of it

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Speaker 1: being three trillion dollars, but at least we included money

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Speaker 1: for unemployment, money for childcare, money to reopen. But I

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Speaker 1: want to pinion, but I want to I want to

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Speaker 1: get your takes specifically on the payroll tax cut, because

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Speaker 1: the payroll tax cut would essentially Democrats that I talked with, say,

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Speaker 1: with the fund programs like Medicare, because it would not

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Speaker 1: require individual companies, corporations, companies to have to deduct that

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Speaker 1: tax from an employee's salary to fund programs like Medicare.

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Speaker 1: So when you get a paycheck, many Americans, they get

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Speaker 1: a paycheck, their employer is getting tax or there that

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Speaker 1: that individual is getting tax money taken out of their

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Speaker 1: paycheck to fund programs like Medicare, and so if that

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Speaker 1: is deducted, and unemployment as well, So if that money

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Speaker 1: is deducted, that individual who has that job could see

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Speaker 1: an increase in their paycheck. My question to you is,

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Speaker 1: from a political standpoint, does Joe Biden want to get

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Speaker 1: on into debate stage against President Trump and say to

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Speaker 1: the middle class, you don't deserve a raise because that's

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Speaker 1: a that's that's that's right there. Why the president is

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Speaker 1: doing this on the payroll tax cut? Hands down, sure, No, absolutely,

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Speaker 1: I mean it's pretty brazen what he's trying to do

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Speaker 1: into the politics of it. I think what the vice

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Speaker 1: president the former vice president needs to do in democratic

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Speaker 1: things to do is say, you know, we want to

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Speaker 1: get this support directly to you, not through your employer,

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Speaker 1: and not have it tied to that because again the

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Speaker 1: power's point, a lot of people are out of work,

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Speaker 1: so it won't affect those folks that are, you know,

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Speaker 1: on the unemployment doles. We want direct payments again to

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Speaker 1: these Americans, especially extending unemployment insurance beyond next week when

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Speaker 1: it expires. But we want direct funding in the pockets

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Speaker 1: of Americans, not just for those folks that are facing

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Speaker 1: a situation that are gainfully employed, okay, we want those

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Speaker 1: resources to go directly to them as part of the

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Speaker 1: Cares Act that was passed two months ago. That's I

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Speaker 1: think the arguments the Vice President is going to make

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Speaker 1: is that this is you know, different avenues of getting

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Speaker 1: economic simulus to the American people. We believe ours is

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Speaker 1: much more direct in the hands of these these folks

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Speaker 1: because Kevins, you really point out a lot of folks

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Speaker 1: miss their July rent payments and mortgage payments. We've got

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Speaker 1: August coming up next week. Okay, they're gonna miss those

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Speaker 1: in and what we're fighting for the Advice President is

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Speaker 1: fighting for his direct release to them, not through payroll taxes,

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Speaker 1: which is circumventing the system, but direct relief. I think

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Speaker 1: that's the argument the Vice President Speaker posed the others

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Speaker 1: are going to make, and again he doesn't even have

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Speaker 1: his own party on board with the payroll tax cuts.

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Speaker 1: Ms McConnell finding back about that right now in terms

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Speaker 1: of the House, how some cent of GOP caucuses. So

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Speaker 1: I think and and I'm gonna I want to bring

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Speaker 1: so what you're saying is that there's a divide clearly

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Speaker 1: within the Republican Party about whether or not to support

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Speaker 1: the payroll tax cut. So let me ask. I asked

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Speaker 1: whether or not the debate between Biden and Trump on

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Speaker 1: the payroll tax cut to Kevin Walling, Tyler, let me

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Speaker 1: put this to you now on the issue specifically of

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Speaker 1: the payroll tax cut, because this is nuanced, and I

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Speaker 1: think we've been talking about this on this show, and

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Speaker 1: this is so incredibly nuanced. There is a lot of

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Speaker 1: empathy and anger at the situation. There's a lot of

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Speaker 1: empathy for the underserved communities in the middle class right now,

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Speaker 1: and there's also a lot of anger directed at institutions

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Speaker 1: as a whole, political, private institutions at the moment that

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Speaker 1: we find ourselves in. But Tyler, do you do you

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Speaker 1: get what I'm trying to get at in the sense

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Speaker 1: that President Trump's gonna hit the campaign trail and say

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Speaker 1: I was for the payroll tax cut so that you,

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Speaker 1: the independent swing voter, could have an increase in your paycheck.

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Speaker 1: And the Democrats said, no, is this going to be

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Speaker 1: Republican orthodoxy in the coming years, this payroll tax cut

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Speaker 1: or no, I know, I understand what you're saying. I

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Speaker 1: think that it is this is a longer term item

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Speaker 1: that Republicans have wanted to cut Babel taxes. Um. I

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Speaker 1: could see exactly what you're saying play out. So then

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Speaker 1: I think that Joe Biden's gonna come right back and say, yeah,

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Speaker 1: well you also let unemployment benefits expire. And I think

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Speaker 1: we're in a moment here where it's easy for Democrats

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Speaker 1: to be unified because they're willing to just spend any

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Speaker 1: amount of money and so they have they don't have

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Speaker 1: to fight over well, you know, well, what if we

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Speaker 1: cut a trillion dollars out of this what gets taxed.

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Speaker 1: I think if they had to do that, which they're

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Speaker 1: about to have to do, you're going to actually start

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Speaker 1: to see some of these wrinkles among Democrats um that

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Speaker 1: we're seeing among Republicans. I think that what we're lacking

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Speaker 1: is that everybody just has to get serious and say

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Speaker 1: what is the best bang for the buck. I personally

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Speaker 1: think a payroll tax cut is way too slow of

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Speaker 1: a tool in the toolbox right now to actually get

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Speaker 1: into the economy and help people who are hurting right now.

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Speaker 1: A payroll tax cut is not help an unemployed person.

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Speaker 1: A payroll tax cuts does not help somebody who's trying

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Speaker 1: to afford childcare. So I mean, and and you know,

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Speaker 1: I'm gonna leave it there for now because we're we're

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Speaker 1: we've talked enough about taxes. I feel like Allen Iverson,

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Speaker 1: we're talking about taxes. We're gonna be talking about taxes,

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Speaker 1: mind you, for like the next four months as this

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Speaker 1: thing plays out. Tyler Deaton's on for us. He is

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Speaker 1: a Republican strategist uh, president of Allegiance Strategies and and

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Speaker 1: a Republican fundraiser. And of course Kevin Wahling he's over

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Speaker 1: at h G Creative Media UH and is a democratic strategist.

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Speaker 1: You see them both all over the cable networks. We're

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Speaker 1: thrilled to have them hold down the ford for us

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Speaker 1: as we uh await President Trump's Daley Coronavirus Task Force briefing. Okay,

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Speaker 1: I want to pivot to geopolitics, which is a massive story.

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Speaker 1: Did you guys hear about this story? I am obsessed

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Speaker 1: with this story because it is it's like a one

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Speaker 1: to geopolitical punch of what happens in the last twenty

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Speaker 1: four hours in this country as it relates to to Beijing. Okay,

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Speaker 1: so yesterday I told you about I was how I

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Speaker 1: was at the Department of Justice, uh, interviewing John's Emmers,

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Speaker 1: who runs the National Security Division at the Department of Justice.

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Speaker 1: He is the Assistant Attorney General under William Barr, And

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Speaker 1: they had announced indictments against two alleged Chinese hackers who

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Speaker 1: were hacking information and the private sector in the United States,

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Speaker 1: hacking private sector information in the United States allegedly as

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Speaker 1: well as like ten countries around the world and to

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Speaker 1: get information on COVID nineteen research. So that indictment comes

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Speaker 1: down and then we get this new development of the

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Speaker 1: China consulate in Houston, Texas being shut down by the

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Speaker 1: United States. Now the Chinese have come out forcefully against this.

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Speaker 1: Secretary of State Mike Popeo said that the United States

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Speaker 1: had no other choice and that they will continue to

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Speaker 1: take this type of action given any time they feel

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Speaker 1: the intellectual property is being stolen from the United States.

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Speaker 1: It is without question of ratcheting up of tensions between

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Speaker 1: the US and China. Tyler Deaton I was struck by

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Speaker 1: the historic nature of this and and and it might

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Speaker 1: not seem like a big deal, but it is a

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Speaker 1: massive deal for those in the UH foreign policy field

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Speaker 1: and those tracking US China relations. This is a major

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Speaker 1: escalation of tension, and the geopolitical one to punch yeah,

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Speaker 1: and look, and you have the Taiwanese Foreign minister saying

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Speaker 1: that he's worried that China's taking new active maneuvers to

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Speaker 1: box in Taiwan. I think that China UM and specifically

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Speaker 1: the Communist Party in China, is attempting to exploit the

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Speaker 1: COVID nineteen crisis. And they are. They're they're just taking

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Speaker 1: all of these steps around the world. They're going after

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Speaker 1: the Hong Konger's um. Many of the listeners are probably

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Speaker 1: familiar with what's happening in the weaker territories where the

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Speaker 1: Chinese Communist Party is is basically imprisoning millions of leaguer

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Speaker 1: Muslims who live in northwestern China. And so then you

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Speaker 1: see this news about the Houston consulate and for me,

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Speaker 1: I'm sort of optimistic to see that the US government

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Speaker 1: is starting to fight back. I feel like we've been

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Speaker 1: missing any action whatsoever, and so let's push back. I mean,

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Speaker 1: it's it's way overdue. And I think that one of

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Speaker 1: the funniest things though about the Houston conflict is that

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Speaker 1: there's been all this follow on reporting of just the

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Speaker 1: massive bonfires that are happening at the Houston conflict, as

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Speaker 1: they're burning everything up that they can before they leave.

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Speaker 1: I think we only gave them seventy two hours to

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Speaker 1: get up to get out of the standard or just

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Speaker 1: for the record, folks, a similar action was taken by

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Speaker 1: the Obama administration at the end of their administration. Uh

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Speaker 1: during to some Russian proper. He's actually throughout the country,

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Speaker 1: including one I believe near the eastern shore of Maryland

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Speaker 1: as well. All right, two minute morning at the White

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Speaker 1: House for President Trump's daily Coronavirus Task Force briefing. Tap

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Speaker 1: dance with me, Kevo. What are you going to be

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Speaker 1: looking for for President Trump? Uh, Well, it'll be interesting

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Speaker 1: to see who comes out with him, you know. He uh,

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Speaker 1: you know, got some plodits for yesterday's tone. It will

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Speaker 1: be interesting to see. One of the questions right off

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Speaker 1: the bat was where your scientists, Dr Deborah Burkes. He

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Speaker 1: said it was in a separate hallway or separate room

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Speaker 1: from the briefing room. Obviously, Anthony Faucy. It'll be interesting

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Speaker 1: if either of those two individuals, or Admiral Gerard from

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Speaker 1: JHS joined him, that were mainstays obviously in the in

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Speaker 1: the first iteration of these press conferences from the White House.

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Speaker 1: It will be interesting to me, I think, from this

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Speaker 1: a perception standpoint, if it's just the President alone in

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Speaker 1: the White House briefing room, or if he's flanked by

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Speaker 1: those advisors when it comes to the science