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

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Speaker 1: how this pandemic is impacting farmers. What does this do

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Speaker 1: from the United States relationship with China? Bloomberg Sound On,

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Speaker 1: The insiders, the influencers, the inside. We're responding to this

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Speaker 1: crisis and manufacturers are stepping up like never before. You're

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Speaker 1: looking at SEVENY Kennedy for different vactines. How do we

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Speaker 1: make sure a pandemic of this scale never happens again?

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

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Speaker 1: nine and one oh five point seven fm h D two.

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Speaker 1: It's all about the economy. On the final night of

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Speaker 1: the Virtual Republican National Convention, Rick Davis is going to

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Speaker 1: give us his takeaways, plus an all star political panel

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Speaker 1: to navigate through what is going on in Kenosha and

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Speaker 1: the protests here in the nation's capital. Joining us to

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Speaker 1: recap the the conventions. We made it, Rick Davis, Rick

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Speaker 1: Bloomberg contributor, you know you were the campaign manager for

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Speaker 1: of course, Senator John McCain's presidential Rick, I gotta be honest,

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Speaker 1: we made it. Congratulations, This is it right? I mean,

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Speaker 1: with two back to back conventions and the old days

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Speaker 1: I used to give us a break in between, but

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Speaker 1: not anymore. No rest for the weird. All right, So

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Speaker 1: what was your big takeaway last night from President Trump's

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Speaker 1: big speech? You know, he went big, I mean, you know,

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Speaker 1: grand uh inference off the Truman balcony, big stage, on

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Speaker 1: the south lawn of the White House, fireworks and even

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Speaker 1: the speech, all seventy minutes of it was filled with

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Speaker 1: going big or going home. So I don't know if

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Speaker 1: it's going to help him politically, but it was certainly

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Speaker 1: something to watch. You know, I was struck by this.

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Speaker 1: I want to take folks behind the scenes because so

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Speaker 1: much has been made of the of the length, and

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Speaker 1: of course folks coming up. We're gonna talk about the

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Speaker 1: policy and the politics. But let's you know, we're kicking

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Speaker 1: things off. It's a Friday seventy minutes. The reason he

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Speaker 1: did that, did he not Rick Davis, you know, of

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Speaker 1: the ins and outs of all of this? Was it

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Speaker 1: because he wanted to drown out the panels on cable

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Speaker 1: news and say, listen, this is my night and I'm

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Speaker 1: gonna I'm gonna talk about it instead of the panels

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Speaker 1: dissecting it. He's always liked long speeches. Um, whether it's

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Speaker 1: a broadcasted speech on a rally where it's really just

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Speaker 1: whatever the local news is going to carry, He'll go

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Speaker 1: for hours. I mean, and his first speech at the

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Speaker 1: convention four years ago was actually a little bit longer

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Speaker 1: than this one. Um, But like he wants to dominate. Sure,

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Speaker 1: he doesn't want anybody talking over his speech. Um, he

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Speaker 1: wants to go into the second hour. And uh, and

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Speaker 1: it does give him more throw weight. But uh, it

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Speaker 1: only matters really if you have something to say. And

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Speaker 1: the reality is, I'm not sure there was enough meat

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Speaker 1: for undecided voters or for swing voters. Uh. Certainly not

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Speaker 1: in that last ten minutes, um, when when he wanted

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Speaker 1: to really capture their attention. But nonetheless, uh, he's in

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Speaker 1: the domination. Uh. He wants to, you know, step on

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Speaker 1: everybody's news cycle, and he is a master at that craft.

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Speaker 1: Well what did what does it matter that there wasn't

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Speaker 1: that mean on the I mean, because the ratings were

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Speaker 1: down for both conventions. I would argue that Kenosha, Wisconsin

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Speaker 1: really upended this race much more than the Democrat or

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Speaker 1: Republican convention. You had Joe Biden scrambling to put out

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Speaker 1: a statement in his staff putting out a statement to

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Speaker 1: condemn the violence. Then you have the Republicans scrambling to

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Speaker 1: insert lines in their various speeches right up until the

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Speaker 1: final hours to get uh the some some Kenosha, Wisconsin

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Speaker 1: language in there. And and then you got the hurricane

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Speaker 1: whack in the Gulf Coast, which I have always been

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Speaker 1: making the case. I think it's gonna put more pressure

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Speaker 1: on some of those Texas Delegation members to get on

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Speaker 1: board for fiscal stimulus. But uh, you know, Rick Davis,

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Speaker 1: we're heading into the Sunday shows, no one's gonna be

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Speaker 1: talking about the conventions. They're gonna be talking about Kenosha.

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Speaker 1: Am I wrong. No, The conventions are actually really end

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Speaker 1: of a primary season which nobody really paid much attention

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Speaker 1: to this year because of COVID and uh it was

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Speaker 1: just the most uninteresting primary cycle that I can remember.

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Speaker 1: And and they're not even really the start of the

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Speaker 1: general election, although both candidates tested out their general election

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Speaker 1: themes and so uh sure they they got stepped on

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Speaker 1: big time by by two names that word at the conventions,

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Speaker 1: Laura and and and Blake. So uh those were the

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Speaker 1: newsmakers this week. Uh and and and and yet at

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Speaker 1: the same time, at least guys like us got to

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Speaker 1: see inside what we're going to be seeing for the

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Speaker 1: next sixty days, which is a really a battle for

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Speaker 1: the soul of suburbia. And I think that that's that

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Speaker 1: piece of it is more clear now than it was

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Speaker 1: going into these two conventions. Well, and I thought my

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Speaker 1: takeaway from from the White House yesterday was the populist

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Speaker 1: rhetoric wrapped in a suburban tone, and especially as it

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Speaker 1: relates to China, from what the President said, because it

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Speaker 1: was a much more measure it was. It was President

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Speaker 1: Trump using his measured tone for the national address. It

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Speaker 1: wasn't you know, the bombastic uh acts that we see

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Speaker 1: on the campaign trail. But to your point, for the

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Speaker 1: suburbs in particular, you know, capital gains, tax China and whatnot,

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Speaker 1: and and this this issue of law and order, school choice,

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Speaker 1: are they going to be effective in making that case

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Speaker 1: to the suburbs? Rick Davis, who you know, you've been

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Speaker 1: in the room, You've watched these special and special uh

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Speaker 1: the polling groups and blacking on the behind the scenes.

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Speaker 1: Is that going to be enough? Yeah? I think that

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Speaker 1: it depends on which voter you're talking to. There's there

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Speaker 1: are Trump voters in the suburbs who abandoned him UH

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Speaker 1: in two thousand eighteen that he wants back. And and

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Speaker 1: some of those are inclined to be for him. They

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Speaker 1: were for him in sixteen and and and their preference

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Speaker 1: would probably be for him, but his own behavior is

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Speaker 1: what has alienated them to UH supporting him. And so

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Speaker 1: some of these things are going to be I don't know.

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Speaker 1: I wouldn't say excuses to vote for him again, but

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Speaker 1: voters rational rationalized y and that could be it. Others

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Speaker 1: are voters that are truly up for grabs, not too

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Speaker 1: many of them, but enough to swing a bunch of states.

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Speaker 1: And they are looking for a reason to support Biden,

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Speaker 1: and they're uncomfortable with the Democratic Party with its left tilt,

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Speaker 1: and yet at the same time they've already decided not

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Speaker 1: to support Trump, and so they're up for grabs. If

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Speaker 1: they don't vote, it could hurt Biden. But if they

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Speaker 1: turn out for him, it could swing a bunch of

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Speaker 1: these states, especially these key Midwestern states. Well, you know,

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Speaker 1: I was looking at the Bloomberg terminal. Victatus is on

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Speaker 1: with us, and Rick, of course is a partner at

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Speaker 1: Stone Court Capital and he's the former campaign manager for

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Speaker 1: John mckein's O eight presidential campaign, and of course the

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Speaker 1: Bloomberg contributor. I was looking on the terminal and I

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Speaker 1: see all this different data. You've got the markets have

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Speaker 1: adjusted for for for Joe Biden victory, and then you've

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Speaker 1: got volatility markets brace for an election like election drama

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Speaker 1: like never before, based upon the reports of the potential

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Speaker 1: prolonged election return process. At the end of the day,

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Speaker 1: it's gonna come down to who. It's gonna come down

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Speaker 1: to the economy and the pandemic. I mean, we kind

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Speaker 1: of know the contours of this race and and and

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Speaker 1: it's a base turnout election for both sides. So in

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Speaker 1: many ways, the strategy for we've it's not it doesn't

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Speaker 1: it isn't that unusual. For as many people saying it's unusual,

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Speaker 1: it's not that unusual in terms of the track. Oh no,

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Speaker 1: it's not unusual at all. And I would say there's

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Speaker 1: a third issue that that that Donald Trump spent a

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Speaker 1: lot of time on in his convention speech last night,

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Speaker 1: and that's law and order, and that's racial injustice. And uh,

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Speaker 1: it's racial injustice to the Democrats, and its law and

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Speaker 1: orders Donald Trump, and so you know, COVID economy and

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Speaker 1: social racial injustice going to be where the battleground is.

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Speaker 1: And yeah, and I think you can love trying to

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Speaker 1: in with the pandemic, but see your point when you

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Speaker 1: when you think about the suburbs, I mean, let's get

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Speaker 1: really in the weeds, specifically, where which parts of the country,

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Speaker 1: like which parts of Michigan and Wisconsin is the president

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Speaker 1: really really going after? So I think of caller counties

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Speaker 1: around cities, right and so in you know, Phoenix, Arizona,

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Speaker 1: the biggest county in the state's Maricopa County. Uh, elections

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Speaker 1: are won and lost in Merricopa County, MacComb County in Michigan.

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Speaker 1: I mean, elections are won and lost in Macomb County

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Speaker 1: in Michigan, Broward County in Florida. And so these are

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Speaker 1: counties that are outside the main city hub, whether it's

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Speaker 1: Phoenix or Detroit or Miami respectively, and and and they

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Speaker 1: have the ability to swing elections and so uh and

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Speaker 1: in some cases they they offset the losses. For instance,

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Speaker 1: for a Republican who might lose big in the city

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Speaker 1: could pick up support outside in the suburbs and therefore

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Speaker 1: make the rest of the state competitive. So so the

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Speaker 1: formula is, in some states, hold my losses in the

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Speaker 1: city down by winning big in the suburbs. In some cases,

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Speaker 1: I win the state if I win the suburb and

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Speaker 1: uh and and and that is the battleground. And in

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Speaker 1: some cases, uh, they have these things called x burbs,

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Speaker 1: which is, you know, sort of where the suburbs have

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Speaker 1: grown and uh and and and they've become in play too.

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Speaker 1: And that's been the case really since I got involved

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Speaker 1: in politics during Ronald Reagan's in seventy six and eighty,

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Speaker 1: so this is not new. But those people move from

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Speaker 1: the Democratic Party of the Reportica Party and vice versa.

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Speaker 1: And and that's where the battle for national offices is waged.

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Speaker 1: All right, then I have a question for you. Your

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Speaker 1: biggest winner and loser of the of the past two weeks. Quickly,

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Speaker 1: the biggest winner and loser, I would say one of

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Speaker 1: the biggest winners is uh the uh the rural call

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Speaker 1: vote for both the Blipkins and Democrats. I mean, I

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Speaker 1: took away from the conventions. I hated roll call votes

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Speaker 1: when I ran conventions because they were uninteresting and time consuming.

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Speaker 1: But I gotta tell you, I'm newly in love with

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Speaker 1: them because I think they made it really human, eyes

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Speaker 1: and and and fun. I would say that the biggest

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Speaker 1: losers was was was the networks. Uh they didn't have

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Speaker 1: anybody watching these conventions and so they didn't get to

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Speaker 1: sell very much TV time. Enough, said Rick Davis, partner

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Speaker 1: at Stoke Corp Capital. Thank you, my friend, appreciate your

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Speaker 1: time to set. Bloomberg did nine one. This is Bloomberg

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

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Speaker 1: five point seven m D two. My name is Kevin S. Really.

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Speaker 1: I am the chief Washington correspondent for Bloomberg Television and

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Speaker 1: Bloomberg Radio. I want to talk to geo politics for China.

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Speaker 1: China was front and center at the conventions this week,

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Speaker 1: and and and foreign policy as a whole. Eli Lake

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Speaker 1: is a good friend of mine and the program. He

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Speaker 1: has a Bloomberg opinion columnists covering national security and foreign policy.

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Speaker 1: He was a senior national security correspondent for The Daily

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Speaker 1: Beast and covered national security and intelligence for The Washington Times,

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Speaker 1: UH then and The New York Sun and U P I, Eli,

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Speaker 1: You've got this great new column out on the Bloomberg

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Speaker 1: terminal headline Trump doctrine aims to end wars but keep threats.

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Speaker 1: At this week's Republican National Convention, you write, one could

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Speaker 1: be forgiven for being confused about President Donald Trump's foreign policy.

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Speaker 1: On the one hand, his endorsers praised his smashing of

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Speaker 1: the Islamic States Caliphate and killing of Iran's terror mastermind

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Speaker 1: Kasam Silamani. On the other hand, speakers who touted Trump's

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Speaker 1: commitment to reduce America's military footprint in the world. So

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Speaker 1: what is it, Eli Lake, Well, in some ways, and

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Speaker 1: I think it's fair to say that this is a

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Speaker 1: little incoherent, because if you're going to be, you know,

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Speaker 1: talking big, you should also carry a big stick to

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Speaker 1: you know, mangle the Teddy Roosevelt truism. But what I

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Speaker 1: think we're seeing with Trump is that most of his

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Speaker 1: actions there are of course exceptions like Cossum Sulamani, but

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Speaker 1: most of his actions are in the economic warfare realm,

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Speaker 1: and those are sanctions which he has continued to ratch

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Speaker 1: it up against Iran. We're seeing a pretty concerted political, diplomatic,

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Speaker 1: and economic campaign against China, and you're seeing it also um,

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Speaker 1: of course, with Venezuela, which is primarily it's a diplomatic

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Speaker 1: recognition of Juan Guido combined with increasing sanctions on its

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Speaker 1: main export with his oil. And even in the case

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Speaker 1: of Russia, where you know, he's obviously gotten four years

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Speaker 1: of Democrats accusing him of all kinds of things with Russia,

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Speaker 1: but his administration has, you know, increased sanctions largely against Russia,

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Speaker 1: even though the president often acts like he wants to

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Speaker 1: be friends with Putin, and all of that suggests to

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Speaker 1: me that that what they're trying to do is sort

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Speaker 1: of keeps the bella coffeity of a traditional strong interventionist

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Speaker 1: approached arm policies. I mean, we would associate with George W.

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Speaker 1: Buche while also adopting the rhetoric and in some cases

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Speaker 1: the actual policies were seeing in Afghanistan in the news

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Speaker 1: today with the rock of bringing the troops home, which

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Speaker 1: we associate as the sort of rhetoric of the anti

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Speaker 1: war movement, and h he's trying to sort of thread

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Speaker 1: that needle, and he does so by kind of waging

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Speaker 1: um unilateral economic warfare while trying to end what he

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Speaker 1: calls endless wars. In a lot of ways, it's really

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Speaker 1: incoherent and I think it does present some potential problems.

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Speaker 1: As I say at the end of that column, economic

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Speaker 1: sanctions are often a prelude to military conflict, not necessarily

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Speaker 1: a substitute for them, But that is the approach, and

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Speaker 1: you know, so I sort of took my best shot

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Speaker 1: at explaining it in terms of a doctrine. Well. I

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Speaker 1: was thinking about this all week because when I've been

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Speaker 1: having some recent interviews with some foreign policy advisors to

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Speaker 1: Joe Biden, Eli they keep they make the point that

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Speaker 1: a Biden administration would rely on on restoring restoring UH

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Speaker 1: partnerships and and and allies, and taking a multilateral approach

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Speaker 1: versus a unilateral approach. They argue, the president takes his takes.

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Speaker 1: But with President Trump, this is what I find interesting,

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Speaker 1: is because he's without question preferred to have unilateral discussions

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Speaker 1: or multi um or bilateral conversations on the economic front,

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Speaker 1: especially with Europe. But then what we've since heard is, well, no,

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Speaker 1: I am restoring the Western allies because look at NATO.

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Speaker 1: I was able to because of it. This is what

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Speaker 1: big point he makes, because I was able to really

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Speaker 1: heavy hit and hard press in one offs, I was

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Speaker 1: able to boost funding for NATO as a whole. So

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Speaker 1: to your point, he's he's walking this very tight rope,

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Speaker 1: this this balancing act of sorts of on one hand saying,

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Speaker 1: you know, we're gonna go tough and just do country

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Speaker 1: by country, but on the other hand he's saying, well,

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Speaker 1: I I did boost the allies, so on NATO, of specifically,

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Speaker 1: where does that play into this? Well, on NATO, I

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Speaker 1: don't think that the salesmanship of the convention of the

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Speaker 1: White House is the whole story. It's true that um

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Speaker 1: Trump's rhetoric and especially things he said in the campaign,

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Speaker 1: contributed to a sense I think with some NATO allies

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Speaker 1: before we're seeing this world economic calamity because of COVID

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Speaker 1: to increase their commitments over time, and that is largely

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Speaker 1: a good thing. And by the way, uh, every president

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Speaker 1: I think since like Gerald Ford, has tried to get

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Speaker 1: this done and Trump deserves some credit for that. On

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Speaker 1: the other hand, Trump's failure in to say the words

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Speaker 1: that he believes in the article five com movements of NATO,

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Speaker 1: which is that a one member's attack from there all

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Speaker 1: attack that's kind of the point of the entire treaty, Well,

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Speaker 1: that's potentially really dangerous. We haven't seen those consequences yet.

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Speaker 1: But if someone like Vladimir Putin interprets those signals from

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Speaker 1: Trump as you know, you can do things that he

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Speaker 1: wouldn't have done before in the very vulnerable Baltic countries,

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Speaker 1: well then we really will have a major crisis, which

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Speaker 1: could lead to a to a large scale conflict or

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Speaker 1: a war, or it will lead to, you know, the

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Speaker 1: further re establishment of the old Soviet Union. So those

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Speaker 1: are really bad outcomes. And Trump is playing with fire

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Speaker 1: when he he's ambiguous on whether the United States would

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Speaker 1: honor those equipments. I stay, it's really never been tested,

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Speaker 1: and past presidents have committed to defend countries like Estonia, Lithuania,

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Speaker 1: and Latvia, and that's good, but you know, I mean,

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Speaker 1: it's also true that I mean if if you can

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Speaker 1: imagine if if if Russian tanks were rolling into one

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Speaker 1: of those countries, do you think President Obama would you know,

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Speaker 1: tell the address everybody to day we have to go

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Speaker 1: to war now with Russia. Well, they would argue that

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Speaker 1: he didn't perform as aggressively as he should have in

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Speaker 1: the Crimea instance. Eli, I have so many questions, but

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Speaker 1: I want to cover this point because Thomas Friedman wrote

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Speaker 1: earlier this week in The New York Times about Germany

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Speaker 1: playing such an important role uh in in a Biden administration.

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Speaker 1: Simply if if you believe the reports and and all

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Speaker 1: of the general thinking that we're about to enter into

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Speaker 1: a tech cold war of sorts with China, the Communist

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Speaker 1: Party of China. Uh, then Freedman writes that Germany is

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Speaker 1: going to be a really important role in that. Rick

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Speaker 1: Granell spoke uh He, of course was the former ambassador

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Speaker 1: for Germany before the acting Director of National Intelligence. What

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Speaker 1: do you make respond to Freedman, Eli Lake, because I

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Speaker 1: just let it rip, because this is a Friday treat

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Speaker 1: for me. Well, I mean, listen, I think that the

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Speaker 1: Term administration deserves enormous credit for what they've managed to

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Speaker 1: accomplish with regards to Wawei and the larger problem of

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Speaker 1: sort of China's infiltration of institutions and other parts of

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Speaker 1: the economy. They're bad actor, and the Trump administration is

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Speaker 1: starting at home with a pretty significant counterintelligence effort to

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Speaker 1: expose fronts for a Chinese intelligence to a significant diplomatic

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Speaker 1: effort to try to get country so getting the UK

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Speaker 1: to kind of reverse its decision on Huawei was a

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Speaker 1: really big win and we'll see, you know, I mean,

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Speaker 1: the people will follow on TikTok, and that's more controversially

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Speaker 1: written about that. So I mean, I think that I

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Speaker 1: remember that Freedman comment, and I think the Freedman undersells

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Speaker 1: sort of what the Trump administration has been able to do.

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Speaker 1: Freedman's big hobby horse we're trying to have agreed with

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Speaker 1: him and has been saying for the last four years,

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Speaker 1: which he's totally right about, is that if you really

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Speaker 1: wanted to do something bad to China, you would not

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Speaker 1: have abandoned with the Transpacific Partnership. That was a trade

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Speaker 1: agreement with all of China's neighbors that excluded China. That

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Speaker 1: would be a good thing right around now and would

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Speaker 1: make it easier to wage what I think is a

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Speaker 1: necessary tech cold war with Tina. I think he's kind

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Speaker 1: of correct about Germany, and let's we will The Germans

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Speaker 1: are in no position at this point. We're asking the

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Speaker 1: Germans to take a harder line on Russia and on

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Speaker 1: China and at the same time, and I think the

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Speaker 1: Germans are gonna say, we gotta choose one. If we

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Speaker 1: have to choose at all. So I'm not so sure.

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Speaker 1: I mean, I don't know of that the Biden administrations

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Speaker 1: necessarily going to have more success, But that still doesn't

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Speaker 1: mean that the effort is not going to be serious

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Speaker 1: and worth it, because you're gonna still other countries, I think,

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Speaker 1: following America's lead, and in a weird way in terms

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Speaker 1: of a persuasion campaign, best ally that the United States

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Speaker 1: has in this is usually paying himself. He's such a

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Speaker 1: predator his treatment of Hong Kong and treatment of weaker Now, yeah, anyway,

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Speaker 1: we gotta go. No. I could talk this all day

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Speaker 1: if I wasn't up against the clock, Eli, I could

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Speaker 1: talk to you for an hour and a half. Thank

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Speaker 1: you Eli. Like Bloomberg's opinion columnists more. Next, this is

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

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Speaker 1: We're responding to this crisis, and manufacturers are stepping up

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Speaker 1: like never before. You're looking at Tebny Kennedy for different vectines.

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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: on Bloomberg h D two final wrap up of the

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Speaker 1: Virtual Republican national convention, but it's already last cycles news.

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Speaker 1: We're pivoting to Kenosha, Wisconsin, which has upended the news cycle.

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Speaker 1: The latest developments from our verio, Mario Parker, plus the

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Speaker 1: economic realities and how the market is bracing for volatility

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Speaker 1: come November or December. How long will it take to

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Speaker 1: get an election result? First, it made it through the

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Speaker 1: end of the conventions, the Dems, the oars and UH.

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Speaker 1: But quite honestly, I think, more so than President Trump's

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Speaker 1: marathon seventy minute UH speech last night, more so than

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Speaker 1: us the debut of Kamala Harris on a national stage,

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Speaker 1: there were two other factors that really I think are

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Speaker 1: going to have more of a lasting impact on the

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Speaker 1: dynamics of the conversation of this of this election. And

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Speaker 1: that of course is Hurricane Laura, which has pummeled the

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Speaker 1: Golf coast and forced a lot of members in the

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Speaker 1: Texas delegation in nearby delegations to relook at their stance

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Speaker 1: on fiscal stimulus. And of course Kenosha, Wisconsin. And that's

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Speaker 1: where we begin tonight, because the fallout from Kenosha is

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Speaker 1: going to dominate the talk of the Sunday shows and

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Speaker 1: just a few short days, and uh, Mario Parker, my buddy,

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Speaker 1: Mario Parker, Bloomberg White House reporter is joining us on

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Speaker 1: the line. He's been all over this story and we're

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Speaker 1: and you know, I was reading our colleagues on the terminal,

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Speaker 1: Michael Sasso and Alex Tanzy, and their lead is is

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Speaker 1: is is really well well done? Ferguson Minneapolis, Kenosha clustered

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Speaker 1: together within a six d mile radius and the bread

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Speaker 1: basket of the US. They have become synonymous with America's

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Speaker 1: reckoning with racial injustice, sa Mario Parker. The Democrats have

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Speaker 1: scrambled to to put out statements in a way that

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Speaker 1: doesn't alienate their base but also says that they don't

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Speaker 1: support violence. Meanwhile, the Trump campaign was scrambling all week

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Speaker 1: to to put in their speeches in real time addressing

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Speaker 1: the dynamics of Kenosha, and and they're looking at this

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Speaker 1: through the prism of law and order, and the left

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Speaker 1: is looking at this through the prism of black lives matter.

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Speaker 1: How will swing voters view this on November three? Yeah, Well, Kevin,

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Speaker 1: as you mentioned, I mean, both sides have really dug

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Speaker 1: in their heels, which is very surprising. There's been no

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Speaker 1: give on either side between the Republicans or the Democrats

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Speaker 1: in terms of messaging. The Republicans of course, taking their

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Speaker 1: cue for President Trump and his law and order stands.

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Speaker 1: President Trump is betting that swing voters who supported the

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Speaker 1: Black Lives Matter movement earlier this summer early on are

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Speaker 1: going to be increasingly or are increasingly uncomfortable with the

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Speaker 1: images that they've been saying where in in which cases,

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Speaker 1: that it's turned into violent protests, violent riots, etcetera, and

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Speaker 1: that they're secretly um ready for some type of stable

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Speaker 1: law and order, and once they get to the battle

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Speaker 1: excuse me, vilot box, they're cast their votes for President Trump,

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Speaker 1: and so visa v the messaging that you hear from

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Speaker 1: him in terms of the silent majority. So there was

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Speaker 1: a report that came out in October of two thousand

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Speaker 1: and nineteen by some prominent UH policy groups in the Midwest,

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Speaker 1: the Eye of a Policy Project, Policy Matters, Ohio, COWS

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Speaker 1: and the Economic Analysis of Research Network or earned AT

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Speaker 1: and I was struck by this because nine of the

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Speaker 1: fourteen states with the widest disparity in white to black

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Speaker 1: incomes are in the Midwest. Wisconsin ranks third worst in

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Speaker 1: this category, and every single state in the region has

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Speaker 1: a higher ratio of black inmates to white inmates in

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Speaker 1: state prisons then the five to one I didn't five

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Speaker 1: to one national average. So you look at the you

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Speaker 1: look at the data, and and I want to bring

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Speaker 1: this conversation to something that you do better than anybody, Mario.

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Speaker 1: And that's a policy because uh Biden came out with

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Speaker 1: a position in the last two weeks where he suggested

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Speaker 1: he wants to tweak the Federal Reserve Act to have

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Speaker 1: diversity included in it. That's been a position, a policy

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Speaker 1: position that Senator Elizabeth Warren has put forth as well

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Speaker 1: as others, including House Financial Services Committee Chairwoman Maxine Waters,

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Speaker 1: they would like to see the Central Bank as as

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Speaker 1: a as a one part of their proposal central Bank

430
00:25:05,320 --> 00:25:10,199
Speaker 1: include diversity as as something in their mission statement that

431
00:25:10,280 --> 00:25:13,679
Speaker 1: they that they seek to address in terms of equality.

432
00:25:13,960 --> 00:25:17,400
Speaker 1: In contrast, and this is what you heard last night

433
00:25:17,720 --> 00:25:22,000
Speaker 1: from the President. He's saying economic revitalization is going to

434
00:25:22,600 --> 00:25:26,880
Speaker 1: help solve uh the inequality issue. And as he frequently notes,

435
00:25:27,520 --> 00:25:31,920
Speaker 1: prior to the pandemic, African American unemployment had been at

436
00:25:31,920 --> 00:25:38,880
Speaker 1: a record love. No, you're absolutely that's a very astute observation,

437
00:25:39,000 --> 00:25:45,520
Speaker 1: Kevin Uh. Joe Biden looking to appeal to this moment

438
00:25:45,680 --> 00:25:49,000
Speaker 1: right where it addresses the root cause of some of

439
00:25:49,000 --> 00:25:53,560
Speaker 1: the issues. Where President Trump differs is President Trump believes

440
00:25:53,600 --> 00:25:57,240
Speaker 1: that the economy, regardless of what's at the root, a

441
00:25:57,320 --> 00:26:01,399
Speaker 1: better economy of the panacea for all trouble. Earlier this year,

442
00:26:01,440 --> 00:26:04,719
Speaker 1: and he's repeated that several times since then, that he

443
00:26:04,800 --> 00:26:09,920
Speaker 1: had the sense that we were becoming more united given Uh,

444
00:26:10,160 --> 00:26:13,080
Speaker 1: the the economy, Well, one of the things that's been

445
00:26:13,119 --> 00:26:17,160
Speaker 1: exposed this summer, of course, is that um, at least

446
00:26:17,920 --> 00:26:23,040
Speaker 1: younger millennials African Americans have said, well, the economy, while

447
00:26:23,040 --> 00:26:25,960
Speaker 1: it was good, it wasn't working for everyone. Every it

448
00:26:26,119 --> 00:26:30,159
Speaker 1: was still uneven. And so Joe Biden and and of

449
00:26:30,240 --> 00:26:35,800
Speaker 1: course some of his his colleagues or supporters are advocating

450
00:26:35,880 --> 00:26:38,600
Speaker 1: to to remake the economy to be a little bit

451
00:26:38,640 --> 00:26:41,600
Speaker 1: more equitable. And it is. It is remarkable. And then

452
00:26:41,640 --> 00:26:44,280
Speaker 1: of course, all summer the images of these protests and

453
00:26:44,320 --> 00:26:46,960
Speaker 1: the unrest throughout the country really playing out. Take a

454
00:26:47,000 --> 00:26:49,000
Speaker 1: listen to what the President had to say is what

455
00:26:49,119 --> 00:26:52,800
Speaker 1: he described as the mob take a lissum. We must

456
00:26:52,840 --> 00:26:57,040
Speaker 1: never allow mob row. We can never allow mob brew.

457
00:27:01,040 --> 00:27:06,680
Speaker 1: And the strongest possible terms, the Republican Party condemns the riotings, looting,

458
00:27:07,040 --> 00:27:10,840
Speaker 1: arson and violence we have seen in Democrat run cities

459
00:27:10,880 --> 00:27:16,280
Speaker 1: all like ken Ocean, Minneapolis, Portland's, Chicago and New York,

460
00:27:17,240 --> 00:27:20,520
Speaker 1: you know, and and just quickly, Mario, and the ninety

461
00:27:20,520 --> 00:27:22,520
Speaker 1: seconds that we have left, do you think that the

462
00:27:22,640 --> 00:27:27,000
Speaker 1: longer the unrest goes on, the more the law and

463
00:27:27,200 --> 00:27:32,560
Speaker 1: order argument resonates with swing voters. That's the bit. It's

464
00:27:32,640 --> 00:27:35,800
Speaker 1: unclear right now because again would have thought at least

465
00:27:35,840 --> 00:27:38,720
Speaker 1: three or four years ago that black lives matter at

466
00:27:38,800 --> 00:27:42,520
Speaker 1: least the slogan, not necessarily the organization, the slogan, the movement.

467
00:27:42,800 --> 00:27:45,320
Speaker 1: We'll make it into the main stream. So it's still

468
00:27:45,320 --> 00:27:48,680
Speaker 1: a little bit smarter. But that's definitely the president's bit.

469
00:27:49,000 --> 00:27:51,240
Speaker 1: All right, who's your biggest winner and loser from the

470
00:27:51,280 --> 00:27:54,119
Speaker 1: past two weeks? Your biggest winner and loser from the

471
00:27:54,280 --> 00:27:56,679
Speaker 1: from both of the conventions. You only get to take

472
00:27:56,840 --> 00:28:06,480
Speaker 1: one of each, though, the biggest of their organizers, okay,

473
00:28:06,760 --> 00:28:11,080
Speaker 1: big the follow and uh, the biggest loser over the

474
00:28:11,160 --> 00:28:14,320
Speaker 1: last two weeks. I'm actually mat sure, so I'm going

475
00:28:14,359 --> 00:28:16,919
Speaker 1: to chicken out on that dodge. What a dodge, What

476
00:28:17,040 --> 00:28:19,680
Speaker 1: a dodge, Mario. You could have made it. You could

477
00:28:19,680 --> 00:28:22,000
Speaker 1: have said TikTok, you could have said TikTok was the

478
00:28:22,000 --> 00:28:25,520
Speaker 1: biggest loser. No one knows he's gonna buy him Walmart, Microsoft,

479
00:28:25,560 --> 00:28:30,520
Speaker 1: We don't know. Mario Parker, Congratulations on awesome, awesome coverage

480
00:28:31,160 --> 00:28:34,480
Speaker 1: through with the whole team. Really great work, really great reporting.

481
00:28:34,640 --> 00:28:37,320
Speaker 1: Really appreciate your time on a Friday Bloomberg White House

482
00:28:37,359 --> 00:28:39,880
Speaker 1: reporter Mario Parker. Make sure you read all of his reporting.

483
00:28:39,920 --> 00:28:42,160
Speaker 1: He really really nails it all the time. Coming up,

484
00:28:42,240 --> 00:28:47,360
Speaker 1: Panel Panel Time, Doug High and Max Burns. I'm Kevin

485
00:28:47,440 --> 00:28:51,719
Speaker 1: CURRELLI chief Washington correspondent from Bloomberg Television and Bloomberg Radio.

486
00:28:52,280 --> 00:29:06,160
Speaker 1: You're listening to Bloomberg ninety nine one yea. This is

487
00:29:06,200 --> 00:29:11,560
Speaker 1: Bloomberg's Sound On with Kevin Surley on Bloomberg and one

488
00:29:11,560 --> 00:29:15,360
Speaker 1: oh five point seven F M h D. Two Friday, folks,

489
00:29:15,760 --> 00:29:19,080
Speaker 1: never thought overcome, but here we are another Friday in

490
00:29:19,120 --> 00:29:21,320
Speaker 1: the district. My name is Kevin sur Really. I am

491
00:29:21,320 --> 00:29:24,520
Speaker 1: the chief Washington correspondent from Bloomberg Television and from Bloomberg Radio.

492
00:29:24,560 --> 00:29:28,280
Speaker 1: Panel Time, and we've got two of the Best. Doug High,

493
00:29:28,560 --> 00:29:32,080
Speaker 1: Senior vice president of Media at Kraft Media and Digital.

494
00:29:32,360 --> 00:29:34,560
Speaker 1: He is the former Deputy chief of staff, former House

495
00:29:34,560 --> 00:29:39,000
Speaker 1: Majority leader to Eric Cancer and Max Burns, Maxie, Democratic

496
00:29:39,040 --> 00:29:42,200
Speaker 1: strategist contributor at The Daily Beast, the New York Daily News,

497
00:29:42,600 --> 00:29:46,240
Speaker 1: and The Independent. Jen S thanks for joining me. Happy Friday,

498
00:29:46,760 --> 00:29:49,200
Speaker 1: Happy Friday. All right. So I want to focus this

499
00:29:49,240 --> 00:29:52,880
Speaker 1: block on the economy because there's this thing on the

500
00:29:52,960 --> 00:29:57,440
Speaker 1: terminal called the fixed volatility Index, and it is pretty

501
00:29:57,520 --> 00:30:01,320
Speaker 1: much about how volatilely in the markets and and and

502
00:30:01,320 --> 00:30:05,520
Speaker 1: how they're anticipating it to increase. I'm reading from Catherine

503
00:30:05,760 --> 00:30:09,200
Speaker 1: uh Greenfield and Liz Kappa mccormicks reporting on the terminal.

504
00:30:09,360 --> 00:30:14,520
Speaker 1: Traders across major asset classes are sending the same message,

505
00:30:15,120 --> 00:30:18,560
Speaker 1: prepare for what could be the most contentious US presidential

506
00:30:18,600 --> 00:30:21,760
Speaker 1: election in decades. One measure of hedging in the stock

507
00:30:21,800 --> 00:30:26,960
Speaker 1: market is one mom measure. One measure of hedging in

508
00:30:26,960 --> 00:30:29,040
Speaker 1: the stock market is higher than at any point in

509
00:30:29,040 --> 00:30:32,520
Speaker 1: the past three presidential elections. And the interest rates market

510
00:30:32,600 --> 00:30:36,840
Speaker 1: implied volatility is well above levels reached in s or

511
00:30:37,200 --> 00:30:41,480
Speaker 1: in two thousand and twelve. So everyone's banking that this

512
00:30:41,560 --> 00:30:44,880
Speaker 1: is going to be a crazy chaotic November and maybe

513
00:30:44,880 --> 00:30:48,080
Speaker 1: even early December, but I don't know. Earlier on in

514
00:30:48,120 --> 00:30:49,840
Speaker 1: the program, we were talking to Rick Davis, who's a

515
00:30:49,840 --> 00:30:54,120
Speaker 1: Boomberg contributor and uh performer campaign manager to John McCain's

516
00:30:54,120 --> 00:30:56,960
Speaker 1: presidential and he's a partner at Stone Corps Capital, and

517
00:30:56,960 --> 00:30:59,240
Speaker 1: he said, well, really it's all about the economy and

518
00:31:00,040 --> 00:31:03,600
Speaker 1: um education and inequality. I mean a lot of the

519
00:31:03,600 --> 00:31:06,960
Speaker 1: themes that have emerged, uh, Doug High in this race

520
00:31:07,000 --> 00:31:11,320
Speaker 1: are actually we we've been here before, you know, we

521
00:31:11,320 --> 00:31:13,760
Speaker 1: we have been here before. We've been here just four

522
00:31:13,840 --> 00:31:16,600
Speaker 1: years ago, and and we've seen shades of this in

523
00:31:16,640 --> 00:31:19,800
Speaker 1: the in past phases too. I think everybody has to

524
00:31:19,800 --> 00:31:22,200
Speaker 1: be prepared for this to be a very close election

525
00:31:22,280 --> 00:31:25,719
Speaker 1: one way or another. And uh, that's in you know,

526
00:31:25,840 --> 00:31:29,360
Speaker 1: the popular vote, potentially certainly the electoral college. We could

527
00:31:29,400 --> 00:31:33,120
Speaker 1: see something as we saw last time, where a candidate

528
00:31:33,400 --> 00:31:36,120
Speaker 1: wins the electoral college and doesn't win the popular vote.

529
00:31:36,120 --> 00:31:39,240
Speaker 1: And I think that is really where the contention may

530
00:31:39,280 --> 00:31:42,880
Speaker 1: come is not in the election itself, that will be

531
00:31:42,880 --> 00:31:45,640
Speaker 1: plenty contentious as it is, but in what the potential

532
00:31:45,680 --> 00:31:49,000
Speaker 1: aftermath for the election will be. If Donald Trump is reelected,

533
00:31:49,280 --> 00:31:51,400
Speaker 1: there's a broad swath of the country that is not

534
00:31:51,520 --> 00:31:54,840
Speaker 1: prepared to accept that. If Donald if Joe Biden wins,

535
00:31:54,960 --> 00:31:57,440
Speaker 1: there's a broad swath of the country that isn't prepared

536
00:31:57,720 --> 00:31:59,880
Speaker 1: to accept that either. And then again, if you get

537
00:32:00,040 --> 00:32:02,520
Speaker 1: of these you know, kind of more special circumstances, which

538
00:32:02,520 --> 00:32:05,840
Speaker 1: we just saw um in the last election, of winning

539
00:32:05,840 --> 00:32:08,560
Speaker 1: the electoral college and losing the popular vote, no one's

540
00:32:08,600 --> 00:32:11,440
Speaker 1: prepared for that. Again, I think you know, Max MAXI,

541
00:32:12,000 --> 00:32:16,080
Speaker 1: Maxie Mearns. I mean, but in terms of the economy,

542
00:32:16,120 --> 00:32:17,960
Speaker 1: it really was and this was one of my major

543
00:32:17,960 --> 00:32:20,520
Speaker 1: takeaways from the past two two weeks of the conventions

544
00:32:21,040 --> 00:32:23,880
Speaker 1: A O C versus Tim Scott. I mean, that's the

545
00:32:23,920 --> 00:32:27,920
Speaker 1: future of the economic debate, in the ideological debate that

546
00:32:28,000 --> 00:32:30,240
Speaker 1: we're having in this country. And while the traders on

547
00:32:30,280 --> 00:32:33,920
Speaker 1: Wall Street, which again they're having really they're having some

548
00:32:33,960 --> 00:32:36,480
Speaker 1: really good weeks. You know, I was looking just at

549
00:32:36,480 --> 00:32:39,640
Speaker 1: the markets and how they were doing, and I mean,

550
00:32:40,360 --> 00:32:44,720
Speaker 1: for it's a five week, five weeks surch a five

551
00:32:44,800 --> 00:32:47,440
Speaker 1: month surge, sorry, a five month surge in the Nasdaq

552
00:32:47,520 --> 00:32:50,200
Speaker 1: one hundred. I mean, it's it's it's it's remarkable when

553
00:32:50,240 --> 00:32:53,040
Speaker 1: you see the inequality just on full display. But AOC

554
00:32:53,240 --> 00:32:56,400
Speaker 1: and Tim Scott have two very different solutions for how

555
00:32:56,400 --> 00:33:01,240
Speaker 1: to fix that. Max absolutely and of them find themselves

556
00:33:01,240 --> 00:33:05,760
Speaker 1: often fighting their party for for attention and fighting to

557
00:33:05,800 --> 00:33:08,720
Speaker 1: be on that stage with the mainstream of the Democratic

558
00:33:08,720 --> 00:33:12,640
Speaker 1: and Republican Party smart. I agree completely that this is

559
00:33:12,760 --> 00:33:18,040
Speaker 1: an economic and inequality election, and Coronavirus has really focused

560
00:33:18,080 --> 00:33:21,360
Speaker 1: that in ways that people couldn't imagine a year ago.

561
00:33:21,400 --> 00:33:23,360
Speaker 1: I mean, people with nothing else to do but watch

562
00:33:23,440 --> 00:33:27,560
Speaker 1: TV see constant stories of billionaires getting richer while their

563
00:33:27,680 --> 00:33:32,000
Speaker 1: unemployment assistance gets cut. And that's a hard reality to spin,

564
00:33:32,800 --> 00:33:36,600
Speaker 1: even for showman at conventions and what I thought, what

565
00:33:36,720 --> 00:33:39,360
Speaker 1: I think is remarkable. But even on the issue of inequality,

566
00:33:39,920 --> 00:33:42,520
Speaker 1: even on the issue of an equality, there's different solutions.

567
00:33:42,520 --> 00:33:46,720
Speaker 1: Because I really want to and this week on policy, um,

568
00:33:46,760 --> 00:33:52,600
Speaker 1: because you've got the left and AOC crowd, they're saying, Okay,

569
00:33:52,640 --> 00:33:56,040
Speaker 1: there has to be more that's done with regards to

570
00:33:56,040 --> 00:34:00,400
Speaker 1: to to racial injustice in this country, and and you know,

571
00:34:00,520 --> 00:34:03,480
Speaker 1: government intervention, and and Biden came out with the support

572
00:34:03,480 --> 00:34:05,720
Speaker 1: of of tweaking the Federal Reserve Act just as one

573
00:34:06,240 --> 00:34:08,640
Speaker 1: policy proposal that he has put out on this, and

574
00:34:08,680 --> 00:34:12,359
Speaker 1: obviously he has a whole platform of it, but would

575
00:34:12,440 --> 00:34:14,920
Speaker 1: would would allow for the Central Bank to address the

576
00:34:15,000 --> 00:34:17,880
Speaker 1: areas of diversity. That's something that Elizabeth Warren and Maxine

577
00:34:17,880 --> 00:34:21,680
Speaker 1: Waters co sponsored in Congress. Then you look at Tim

578
00:34:21,680 --> 00:34:23,520
Speaker 1: Scott and he said, no, take a page out of

579
00:34:23,600 --> 00:34:26,320
Speaker 1: Jack Kemp's book, take a page out of the Opportunity

580
00:34:26,400 --> 00:34:30,840
Speaker 1: Zone book, and that lowering the taxes in some of

581
00:34:30,880 --> 00:34:34,840
Speaker 1: these areas will provide more UH stimulus and closing the

582
00:34:34,840 --> 00:34:36,920
Speaker 1: inequality gap. Doug. I mean, it's just that they're on

583
00:34:37,000 --> 00:34:39,279
Speaker 1: a collision course even in terms of the solutions on

584
00:34:39,320 --> 00:34:42,960
Speaker 1: how to address inequality. Well, and look, I don't think

585
00:34:42,960 --> 00:34:46,279
Speaker 1: they've ever been on the same places, um in coming

586
00:34:46,320 --> 00:34:48,800
Speaker 1: to the same solution. You know, I would say, I

587
00:34:48,800 --> 00:34:51,080
Speaker 1: don't remember. I'm not quite old enough. But in the

588
00:34:51,160 --> 00:34:53,319
Speaker 1: in the Kennedy Nixon debate, and one of them said

589
00:34:53,360 --> 00:34:55,680
Speaker 1: about the other week we agree about the problems, but

590
00:34:55,840 --> 00:34:59,440
Speaker 1: not how to how to solve these things such I

591
00:34:59,520 --> 00:35:01,879
Speaker 1: just watch that the other week I have no life.

592
00:35:01,920 --> 00:35:05,560
Speaker 1: Go ahead. But we also we also have another challenge

593
00:35:05,600 --> 00:35:07,839
Speaker 1: here that that COVID is as really placed on this,

594
00:35:07,960 --> 00:35:12,800
Speaker 1: and that's you know, if you're an Amazon or UM.

595
00:35:12,840 --> 00:35:15,919
Speaker 1: You know, chain restaurants, you're you're doing okay, in fact

596
00:35:15,920 --> 00:35:19,920
Speaker 1: pretty well. If you're a local small business, whatever industry

597
00:35:19,920 --> 00:35:22,160
Speaker 1: you're in, you're in a much more difficult place. And

598
00:35:22,200 --> 00:35:25,200
Speaker 1: that consolidation that we're seeing UM is really going to

599
00:35:25,239 --> 00:35:28,120
Speaker 1: heighten um the inequalities that we see throughout the country.

600
00:35:28,200 --> 00:35:29,840
Speaker 1: We'll take a listen to what President Trump had to

601
00:35:29,840 --> 00:35:32,480
Speaker 1: say about the economy last night. Here is here's the

602
00:35:32,480 --> 00:35:35,840
Speaker 1: President on the economy. In a new term as president,

603
00:35:36,520 --> 00:35:40,440
Speaker 1: we will again build the greatest economy in history, quickly

604
00:35:40,560 --> 00:35:47,040
Speaker 1: returning to full employment, staring incomes and record prosperity, and

605
00:35:47,040 --> 00:35:49,399
Speaker 1: and Max, I mean it's it's again. It's a it's

606
00:35:49,440 --> 00:35:53,200
Speaker 1: a tale of two narratives on a I gotta get Kevin.

607
00:35:53,520 --> 00:35:55,120
Speaker 1: My goal over the weekend is to come up with

608
00:35:55,160 --> 00:35:58,200
Speaker 1: a better phrase than collision course, because what they are.

609
00:35:58,520 --> 00:36:02,320
Speaker 1: You've got you've got the left saying well, the economy

610
00:36:02,440 --> 00:36:05,200
Speaker 1: wasn't that good before and only the rich were getting richer,

611
00:36:05,200 --> 00:36:06,960
Speaker 1: and then you've got the right saying, oh, it was great,

612
00:36:07,320 --> 00:36:10,280
Speaker 1: it was great. Not surely are one of our producers

613
00:36:10,280 --> 00:36:13,000
Speaker 1: on the show says, say, crash track. They're on a

614
00:36:13,000 --> 00:36:16,320
Speaker 1: crash track. That's too hard to say, Max, or not anyway?

615
00:36:16,480 --> 00:36:19,239
Speaker 1: That anyway, Max, back to safe focused, Kevin, you're so

616
00:36:19,320 --> 00:36:21,640
Speaker 1: close to the weekend money. You were so good all

617
00:36:21,840 --> 00:36:24,680
Speaker 1: two weeks. Focus. It's going off the rails. This this

618
00:36:24,800 --> 00:36:27,440
Speaker 1: conversations on a crash track. You got like ten seconds.

619
00:36:27,440 --> 00:36:28,920
Speaker 1: But go ahead and respond to that point. On the

620
00:36:28,920 --> 00:36:32,279
Speaker 1: president of the economy. Yeah, I mean nobody wants it

621
00:36:32,320 --> 00:36:35,000
Speaker 1: to be in America, I think more than Trump and

622
00:36:35,040 --> 00:36:38,080
Speaker 1: the Republicans. The economy was back on track. There was

623
00:36:38,120 --> 00:36:41,880
Speaker 1: no COVID. Unfortunately, they didn't spend any time at this

624
00:36:42,000 --> 00:36:46,000
Speaker 1: convention actually putting forward a policy to address that. They

625
00:36:46,000 --> 00:36:48,279
Speaker 1: would say maybe you know my favorite thing about RS

626
00:36:48,280 --> 00:36:50,400
Speaker 1: and d S is they're all saying no enough policy.

627
00:36:50,480 --> 00:36:53,360
Speaker 1: They didn't have policy. We didn't have. There's policy. Max.

628
00:36:53,400 --> 00:36:56,240
Speaker 1: I'm calling you out, buddy, there's policy on both sides.

629
00:36:56,360 --> 00:36:58,479
Speaker 1: I'm Kevin's we gotta look for it. The media doesn't

630
00:36:58,480 --> 00:37:01,359
Speaker 1: talk about it enough. Oh, I'm Kevin Surley. You're listening

631
00:37:01,360 --> 00:37:07,239
Speaker 1: to Bloomberg nine one. You're listening to Bloomberg Sound On

632
00:37:07,320 --> 00:37:11,640
Speaker 1: with Kevin on Bloomberg and one oh five point seven

633
00:37:11,719 --> 00:37:15,279
Speaker 1: F M H D two. My name is Kevin, so really,

634
00:37:15,560 --> 00:37:19,120
Speaker 1: I have the chief washer correspondent for Bloomberg Television and

635
00:37:19,239 --> 00:37:23,200
Speaker 1: for Bloomberg Radio. Shout out to the producers on the

636
00:37:23,280 --> 00:37:27,920
Speaker 1: program Barrata BP Barata. I always feel bad that I

637
00:37:27,960 --> 00:37:30,839
Speaker 1: pronounce her last name that way. Christine Barada. Just going

638
00:37:30,880 --> 00:37:34,880
Speaker 1: on vacay next week. Have fun, Barata, drive safe and

639
00:37:35,080 --> 00:37:40,200
Speaker 1: not Shirley Shannon bn uh. He we have. We've been going.

640
00:37:40,440 --> 00:37:42,799
Speaker 1: We we we did a great job. You two. I

641
00:37:42,800 --> 00:37:47,600
Speaker 1: appreciate it a lot joining us for a panel discussion,

642
00:37:47,600 --> 00:37:49,399
Speaker 1: and I want to go geo political now. Doug High,

643
00:37:49,400 --> 00:37:52,200
Speaker 1: Senior vice president of Media at Craft Media and Digital,

644
00:37:52,239 --> 00:37:56,680
Speaker 1: former Deputy chief of staff, former House Majority former former

645
00:37:56,719 --> 00:38:01,439
Speaker 1: deputy chief of staff, Sorry, Doug, shoot Warmer, House Majority Leader,

646
00:38:01,560 --> 00:38:06,480
Speaker 1: Eric Canner, and Max Burns, Maxie, Democratic strategist contributor at

647
00:38:06,480 --> 00:38:08,759
Speaker 1: The Daily Beast and the New York Daily News and

648
00:38:08,880 --> 00:38:12,520
Speaker 1: The Independent. Okay, So, for as much as President Trump

649
00:38:12,800 --> 00:38:17,960
Speaker 1: domestically tried to link the progressive or Biden to the

650
00:38:18,000 --> 00:38:23,400
Speaker 1: Democratic Socialist, he also geo politically tried to link Biden

651
00:38:23,480 --> 00:38:26,279
Speaker 1: to the Communist Party of China. Take a listen to

652
00:38:26,360 --> 00:38:28,560
Speaker 1: what he had to say about Joe Biden and China.

653
00:38:28,640 --> 00:38:32,600
Speaker 1: Here he is China would own our country if Joe

654
00:38:32,640 --> 00:38:37,880
Speaker 1: Biden got elected. Unlike Biden, I will hold them fully

655
00:38:37,920 --> 00:38:41,960
Speaker 1: accountable for the tragedy that they caused all over the world.

656
00:38:42,040 --> 00:38:45,640
Speaker 1: They caused in recent months or nation in the world

657
00:38:46,360 --> 00:38:50,400
Speaker 1: has been hit by the once in a century pandemic,

658
00:38:51,320 --> 00:38:55,880
Speaker 1: but China allowed to spread around the glow. So that

659
00:38:56,000 --> 00:38:59,840
Speaker 1: was there he was talking about China, Max, China has

660
00:38:59,880 --> 00:39:02,320
Speaker 1: been something that the President has talked about ever since

661
00:39:02,920 --> 00:39:05,640
Speaker 1: for decades. I mean even in there's in the clips

662
00:39:05,640 --> 00:39:07,759
Speaker 1: from the nineteen nineties on the Oprah Winfrey program. I

663
00:39:07,800 --> 00:39:10,200
Speaker 1: mean it was He's been talking about China for a while.

664
00:39:10,320 --> 00:39:12,800
Speaker 1: And honestly, when I look at the polls, China re

665
00:39:12,880 --> 00:39:18,040
Speaker 1: means deeply unpopular amongst the left and the right. Max. Yeah,

666
00:39:18,040 --> 00:39:21,080
Speaker 1: and Joe Biden. Joe Biden and Donald Trump have both

667
00:39:21,080 --> 00:39:25,600
Speaker 1: taken very similar attack lines on China. Joe Biden just

668
00:39:25,840 --> 00:39:30,160
Speaker 1: the other day calling the weaker genocide of Muslims in

669
00:39:30,239 --> 00:39:33,560
Speaker 1: Northern China what it is, which is a genocide. But

670
00:39:33,880 --> 00:39:38,040
Speaker 1: China has an unpopular name and an unpopular entity in

671
00:39:38,080 --> 00:39:40,719
Speaker 1: the United States, is very easy to build a campaign

672
00:39:41,080 --> 00:39:45,239
Speaker 1: attacking it. But unfortunately Donald Trump really hasn't brought home

673
00:39:45,360 --> 00:39:49,319
Speaker 1: any measurable victories in his unending war with China so far.

674
00:39:50,360 --> 00:39:54,000
Speaker 1: Uh doug Hi, what about you responded that, well, no,

675
00:39:54,160 --> 00:39:56,279
Speaker 1: I actually I agree, And I think one of the

676
00:39:56,400 --> 00:39:58,320
Speaker 1: one of the challenges for Trump is, you know, he

677
00:39:58,719 --> 00:40:01,520
Speaker 1: keeps trying to suggest that that Joe Biden is an

678
00:40:01,560 --> 00:40:04,319
Speaker 1: empty vessel that's going to have his head filled with

679
00:40:04,360 --> 00:40:07,680
Speaker 1: all these things that I think it doesn't work except

680
00:40:07,680 --> 00:40:11,160
Speaker 1: to the Trump base because otherwise voters have known Biden

681
00:40:11,719 --> 00:40:13,880
Speaker 1: for forty years now. Now that may be a problem

682
00:40:14,000 --> 00:40:16,359
Speaker 1: that that he's been around too long, but they know

683
00:40:16,400 --> 00:40:18,960
Speaker 1: who he is, they like them, they're fairly comfortable with them.

684
00:40:19,200 --> 00:40:22,400
Speaker 1: So I think this rhetoric from Trump um falls short.

685
00:40:22,480 --> 00:40:25,279
Speaker 1: And if you look even in the same speech, you're

686
00:40:25,280 --> 00:40:27,680
Speaker 1: certainly the same convention. You get mixed messages on this.

687
00:40:27,880 --> 00:40:31,719
Speaker 1: On On the one hand, Joe Biden um was was

688
00:40:31,760 --> 00:40:34,239
Speaker 1: one of the proponents of the crime bill that you know,

689
00:40:34,280 --> 00:40:36,200
Speaker 1: filling the blanks for all the bad things the crime

690
00:40:36,200 --> 00:40:39,320
Speaker 1: bill did, and the next paragraph, you know, he's encouraging

691
00:40:39,360 --> 00:40:43,000
Speaker 1: criminals to loot, you know, lut and burn things at protests,

692
00:40:43,080 --> 00:40:45,960
Speaker 1: and so you know, this this messaging on Biden, I

693
00:40:46,000 --> 00:40:48,640
Speaker 1: don't think works for Trump well, and and and and

694
00:40:48,680 --> 00:40:51,000
Speaker 1: sticking with foreign pology just for a second. In terms

695
00:40:51,000 --> 00:40:54,359
Speaker 1: of China, it really comes down to this issue of

696
00:40:54,719 --> 00:40:59,840
Speaker 1: multilateral approach which the Democrats are pushing for, versus a

697
00:41:00,000 --> 00:41:03,759
Speaker 1: bilateral or in many cases, a unilateral approach, which is

698
00:41:03,800 --> 00:41:06,799
Speaker 1: what the President feels as an asset in terms of

699
00:41:06,840 --> 00:41:10,200
Speaker 1: negotiating not just on an economic front, but also on

700
00:41:10,480 --> 00:41:13,440
Speaker 1: a on a on a national security front. And so

701
00:41:14,400 --> 00:41:17,200
Speaker 1: it really feels at least now and with the recent

702
00:41:17,480 --> 00:41:19,880
Speaker 1: sanctions that were announced earlier this week by the State's

703
00:41:19,920 --> 00:41:24,440
Speaker 1: Department on a host of different Chinese entities and UH,

704
00:41:24,800 --> 00:41:28,120
Speaker 1: with relations to the to the spasm of escalation that

705
00:41:28,160 --> 00:41:32,080
Speaker 1: we've seen in military drills in the South Pacific, in

706
00:41:32,120 --> 00:41:36,319
Speaker 1: the South Asia Pacific, it really does feel as if

707
00:41:36,440 --> 00:41:41,840
Speaker 1: we're marching toward a tech cold war. UH. And and

708
00:41:41,920 --> 00:41:45,680
Speaker 1: from a business perspective, Max burns a lot of the

709
00:41:45,719 --> 00:41:48,640
Speaker 1: actions that have actually been taken over the past several weeks,

710
00:41:48,640 --> 00:41:50,320
Speaker 1: and this is a point that I that I would

711
00:41:50,719 --> 00:41:54,400
Speaker 1: make and and I'm very curious to see when Biden

712
00:41:54,440 --> 00:41:56,680
Speaker 1: gets asked about this. A lot of the actions that

713
00:41:56,760 --> 00:41:59,640
Speaker 1: the State Department has taken, and even the March toward

714
00:42:00,080 --> 00:42:04,879
Speaker 1: or aggressive approach against China technology companies are actually going

715
00:42:04,960 --> 00:42:08,400
Speaker 1: to still be in place should Joe Biden get in office,

716
00:42:08,719 --> 00:42:10,880
Speaker 1: and it's setting us on a course for for a

717
00:42:10,920 --> 00:42:13,920
Speaker 1: tech cold war with China. When you have Congresswoman Sheila

718
00:42:14,000 --> 00:42:17,480
Speaker 1: Jackson Lee of Houston, a progressive deputy whip of the

719
00:42:17,520 --> 00:42:20,560
Speaker 1: Democratic Caucus, appearing on this program and saying that she

720
00:42:20,680 --> 00:42:24,759
Speaker 1: supports the sale of TikTok to a US company. Uh.

721
00:42:24,800 --> 00:42:26,920
Speaker 1: And then you have in the next day Meg Whitman

722
00:42:27,000 --> 00:42:30,920
Speaker 1: on this program, the former HP CEO, who of course

723
00:42:31,000 --> 00:42:33,800
Speaker 1: ran for governor as a Republican, who's back in Joe Biden,

724
00:42:34,040 --> 00:42:37,520
Speaker 1: saying that she too, also supports what the administration had

725
00:42:37,560 --> 00:42:40,920
Speaker 1: done in terms of TikTok. These are not, uh, this

726
00:42:41,040 --> 00:42:43,680
Speaker 1: is US policy now, Am I? Right? Max? I mean

727
00:42:43,680 --> 00:42:46,759
Speaker 1: this isn't This isn't the where the where Biden and

728
00:42:46,800 --> 00:42:50,200
Speaker 1: Trump are gonna fight over. Yeah. Correct. And it's one

729
00:42:50,239 --> 00:42:53,359
Speaker 1: of the great missed opportunities of the Trump era where

730
00:42:53,400 --> 00:42:57,880
Speaker 1: we have a largely bipartisan skepticism of China, especially on

731
00:42:57,960 --> 00:43:01,360
Speaker 1: tech and intellectual property, that the White House made no

732
00:43:01,440 --> 00:43:04,719
Speaker 1: real effort to go to Congress and get long lasting

733
00:43:04,800 --> 00:43:08,640
Speaker 1: policy pass. This is all through the Department of Commerce

734
00:43:08,680 --> 00:43:11,920
Speaker 1: and Executive Orders, which makes it sort of inherently weak.

735
00:43:12,239 --> 00:43:16,120
Speaker 1: If a new administration comes in and all right, let's

736
00:43:16,200 --> 00:43:18,319
Speaker 1: let's let's do something, because next next box, we're doing

737
00:43:18,320 --> 00:43:21,120
Speaker 1: what's on your radar? It's a Friday, you know. But

738
00:43:21,680 --> 00:43:24,040
Speaker 1: I want to do who are your winners and losers

739
00:43:24,640 --> 00:43:26,800
Speaker 1: of the past two weeks? You can only pick one winner,

740
00:43:27,120 --> 00:43:29,279
Speaker 1: you can only pick one loser. And I know you're

741
00:43:29,320 --> 00:43:32,400
Speaker 1: both partisan. So I don't want to hear uh Biden

742
00:43:32,400 --> 00:43:34,719
Speaker 1: and Trump or the winner and loser vice versa. I

743
00:43:34,760 --> 00:43:45,040
Speaker 1: want something smart and different. Okay, who wants to go first? Killer? Killer? Who? Maxico? Here? Up? Like?

744
00:43:45,120 --> 00:43:47,400
Speaker 1: What if? My winners over the past week or so

745
00:43:47,480 --> 00:43:51,960
Speaker 1: has been Alexandria Acazzio Cortez, who managed to capture headlines

746
00:43:52,000 --> 00:43:54,960
Speaker 1: all week at the Democratic Convention and then most of

747
00:43:54,960 --> 00:43:58,399
Speaker 1: the week this week with Republicans attacking her without having

748
00:43:58,400 --> 00:44:02,200
Speaker 1: to actually say or do any So that's that's real influence.

749
00:44:02,640 --> 00:44:06,680
Speaker 1: Who's your loser on the losers side? It has got

750
00:44:06,719 --> 00:44:11,080
Speaker 1: to be the Republican Party. No, no, no, no, no,

751
00:44:11,480 --> 00:44:14,160
Speaker 1: We're not doing it. Next Max, I'm gonna come back

752
00:44:14,160 --> 00:44:16,920
Speaker 1: to you because I'm gonna go to Doug's winner, but

753
00:44:17,000 --> 00:44:21,080
Speaker 1: I want something better than that. Uh, Doug, who's your winner?

754
00:44:21,880 --> 00:44:23,800
Speaker 1: But for for this week, I'd say Tim Scott was

755
00:44:23,840 --> 00:44:27,239
Speaker 1: a big winner. Yes, Unlike so many people who spoke

756
00:44:27,280 --> 00:44:30,520
Speaker 1: at the Republican Convention, he was forward looking and thinking.

757
00:44:30,560 --> 00:44:32,600
Speaker 1: He was optimistic, which is something we didn't see a

758
00:44:32,640 --> 00:44:35,399
Speaker 1: lot of it this convention. And as the party tries

759
00:44:35,440 --> 00:44:37,040
Speaker 1: to figure out what it's going to be over the

760
00:44:37,120 --> 00:44:40,279
Speaker 1: next few years, especially if Trump loses, Jim Scott has

761
00:44:40,280 --> 00:44:42,520
Speaker 1: certainly put his name, um, you know, higher up on

762
00:44:42,560 --> 00:44:43,960
Speaker 1: the list. And I think it might have been for

763
00:44:44,000 --> 00:44:46,359
Speaker 1: a lot of people. And I think both of you

764
00:44:46,440 --> 00:44:48,520
Speaker 1: just touched upon. I mean, that's been a thread that

765
00:44:48,560 --> 00:44:51,400
Speaker 1: I've been following the past two weeks. Here, those two individuals,

766
00:44:51,440 --> 00:44:54,080
Speaker 1: AOC and Senator Scott. They are the future of the

767
00:44:54,120 --> 00:44:58,719
Speaker 1: economic fight on this in this country. And and it's

768
00:44:58,760 --> 00:45:02,240
Speaker 1: it's going to be it's the next generation in real time, Okay,

769
00:45:02,360 --> 00:45:04,919
Speaker 1: loser time? Who is your biggest Oh, It's like it's

770
00:45:04,920 --> 00:45:08,200
Speaker 1: like that show Who's Your Biggest Loser? I don't I

771
00:45:08,239 --> 00:45:10,759
Speaker 1: don't have it yet. I'm I'm hoping. Can I see

772
00:45:10,760 --> 00:45:13,960
Speaker 1: the Democratic Party? No, No, you can't or you can't.

773
00:45:17,320 --> 00:45:22,600
Speaker 1: Are you there? Who is your biggest loser, Max, I'll

774
00:45:22,600 --> 00:45:25,839
Speaker 1: tell you genuinely, I think Michael McHale and who spoke

775
00:45:25,880 --> 00:45:29,160
Speaker 1: at the RNC for the National Association of Police Organizations,

776
00:45:29,960 --> 00:45:32,600
Speaker 1: just because of the damage he did in just blatantly

777
00:45:32,719 --> 00:45:37,120
Speaker 1: politicizing law enforcements and making it appear now that the

778
00:45:37,200 --> 00:45:40,480
Speaker 1: only valid choice for a police officer or a police

779
00:45:40,560 --> 00:45:44,440
Speaker 1: union is to support Donald Trump just undermines a lot

780
00:45:44,480 --> 00:45:46,759
Speaker 1: of cops who disagree with him, and I think does

781
00:45:46,800 --> 00:45:49,719
Speaker 1: a lot of long term harm. Alright, alright, don he's

782
00:45:49,719 --> 00:45:52,960
Speaker 1: your biggest loser. Well, I think you know that the

783
00:45:53,000 --> 00:45:55,359
Speaker 1: person who when I watched I kept scratching my head

784
00:45:55,400 --> 00:45:58,120
Speaker 1: the most that was Hillary Clinton. It wasn't really why

785
00:45:58,200 --> 00:46:01,200
Speaker 1: she was there. Um, she was trying to pop her

786
00:46:01,200 --> 00:46:02,879
Speaker 1: head up and say, you know, look at me, pay

787
00:46:02,920 --> 00:46:05,759
Speaker 1: attention to me, when when her party has moved on

788
00:46:05,840 --> 00:46:07,640
Speaker 1: from her and the country has moved on from her.

789
00:46:07,880 --> 00:46:09,120
Speaker 1: And you know, I think I think there were a

790
00:46:09,160 --> 00:46:11,040
Speaker 1: lot of people who were watching it said wait a second.

791
00:46:11,239 --> 00:46:12,719
Speaker 1: You know when when she said would it could have

792
00:46:12,760 --> 00:46:14,959
Speaker 1: should have? Well, you would could have should have done

793
00:46:15,280 --> 00:46:18,080
Speaker 1: these things and Donald Trump wouldn't be president and that's right,

794
00:46:18,160 --> 00:46:20,719
Speaker 1: just you know, partisan Democrats, and I think a lot

795
00:46:20,719 --> 00:46:23,400
Speaker 1: of independence who didn't like Trump certainly thought that. I

796
00:46:23,440 --> 00:46:25,600
Speaker 1: heard that quite a bit. I'm gonna get ripped for this,

797
00:46:25,800 --> 00:46:27,480
Speaker 1: but here, maybe here, may I have a tie for

798
00:46:27,520 --> 00:46:31,440
Speaker 1: the winners. Brandon Harrington. I thought his speech was incredible.

799
00:46:31,440 --> 00:46:33,760
Speaker 1: He was at the kid who spoke with the stutter.

800
00:46:34,040 --> 00:46:35,840
Speaker 1: I thought he did more to humanize Joe Biden than

801
00:46:35,880 --> 00:46:40,200
Speaker 1: anyone of Joe Biden's family members or even anyone even

802
00:46:40,239 --> 00:46:42,960
Speaker 1: on the ticket. I thought. I thought Brandon Harrington was remarkable,

803
00:46:43,080 --> 00:46:45,439
Speaker 1: the courage that he showed and just a memorable moment

804
00:46:45,440 --> 00:46:47,840
Speaker 1: in the past two weeks. And I thought Kimberly Gilfoyle

805
00:46:47,960 --> 00:46:50,440
Speaker 1: nailed it. I thought she she gave a very I mean,

806
00:46:50,480 --> 00:46:52,160
Speaker 1: he either loved it or you hated it. But it

807
00:46:52,200 --> 00:46:55,120
Speaker 1: was exactly classic Trump. It got it was. It was

808
00:46:55,160 --> 00:46:58,680
Speaker 1: so much energy. It went viral, and the viral campaign

809
00:46:58,840 --> 00:47:01,360
Speaker 1: I thought it was. I thought, I thought it was

810
00:47:01,480 --> 00:47:04,440
Speaker 1: brilliant in terms of getting your name and elevating your

811
00:47:04,520 --> 00:47:09,640
Speaker 1: name as a force within the conservative voice ecosystem. So

812
00:47:09,719 --> 00:47:11,320
Speaker 1: those are my two winners. I'll tell you about losers

813
00:47:11,320 --> 00:47:13,440
Speaker 1: on the other side of Kevin Sireli, Chief Washington correspondent

814
00:47:13,440 --> 00:47:19,799
Speaker 1: Fromoomber TV and Radio. You're listening of Bloomberg on. This

815
00:47:20,120 --> 00:47:25,279
Speaker 1: is Bloomberg's Sound On with Kevin SI on Bloomberg and

816
00:47:25,400 --> 00:47:28,799
Speaker 1: one or five point h D two. My name is

817
00:47:28,840 --> 00:47:32,520
Speaker 1: Kevin Cirelia. I'm the Chief Washington correspondent from Bloomberg Television

818
00:47:32,560 --> 00:47:35,480
Speaker 1: of Bloomberg Radio. Time now from my favorite part of

819
00:47:35,480 --> 00:47:38,120
Speaker 1: the show. Well, almost time on your radar, and we've

820
00:47:38,160 --> 00:47:41,799
Speaker 1: got Doug High and Max Burns. All right, So I

821
00:47:41,840 --> 00:47:43,840
Speaker 1: was thinking in the break, I was like, who is

822
00:47:43,880 --> 00:47:46,279
Speaker 1: my biggest loser this week from the past two weeks

823
00:47:46,280 --> 00:47:49,400
Speaker 1: of the conventions? And I've got some some things that

824
00:47:49,440 --> 00:47:52,640
Speaker 1: I don't want to say because it's two opinionated, but

825
00:47:52,719 --> 00:47:55,000
Speaker 1: I'm gonna go out on a limb here and I'm

826
00:47:55,040 --> 00:48:00,080
Speaker 1: gonna say, uh, I gotta be I don't think I

827
00:48:00,080 --> 00:48:05,360
Speaker 1: I think that the the I think TikTok really lost

828
00:48:05,400 --> 00:48:08,680
Speaker 1: out this week because I think it could have been

829
00:48:08,680 --> 00:48:12,680
Speaker 1: a really strong week for social media platform for the

830
00:48:12,760 --> 00:48:18,319
Speaker 1: next generation of sourts during two monumental conventions, and I

831
00:48:18,360 --> 00:48:22,880
Speaker 1: think that they I think that they lost out. All right, Okay,

832
00:48:22,920 --> 00:48:25,160
Speaker 1: before we do, what's on your radar? Because I've been

833
00:48:25,160 --> 00:48:27,240
Speaker 1: doing this all week because it's really kept me focused,

834
00:48:27,400 --> 00:48:29,600
Speaker 1: Doug and Max. And actually, I've had people on this

835
00:48:29,640 --> 00:48:31,480
Speaker 1: program who have no idea what I'm talking about when

836
00:48:31,480 --> 00:48:35,040
Speaker 1: I do it, which really upsets me. And I've had

837
00:48:35,320 --> 00:48:37,279
Speaker 1: it's been very it's been one of the most it's

838
00:48:37,280 --> 00:48:41,600
Speaker 1: been very difficult because here I am trying to be

839
00:48:41,719 --> 00:48:45,160
Speaker 1: a host, trying to grow as an anchor, and you know,

840
00:48:45,239 --> 00:48:49,440
Speaker 1: you gotta be welcoming to the panel. Okay, where I

841
00:48:49,480 --> 00:48:52,840
Speaker 1: grow up. We're we're nice to everybody, Okay, Doug, Max,

842
00:48:53,120 --> 00:48:56,719
Speaker 1: But this week is anniversary of Born to Run, the

843
00:48:56,840 --> 00:48:59,560
Speaker 1: album the legendary, the greatest rock album of all time?

844
00:48:59,760 --> 00:49:01,319
Speaker 1: So are we you know, I'm trying to do my

845
00:49:01,400 --> 00:49:04,560
Speaker 1: lighthearted moments. We live in these polarizing times. Everyone's angry

846
00:49:04,600 --> 00:49:08,799
Speaker 1: all the time, cancel culture, outrage culture, and I'm like,

847
00:49:09,280 --> 00:49:12,600
Speaker 1: all right, something safe, Bruce Springsteen, Board to Run. What's

848
00:49:12,600 --> 00:49:14,759
Speaker 1: your favorite track off of it? I've got a bunch

849
00:49:14,800 --> 00:49:17,719
Speaker 1: of guests yesterday, Patty Duppler, who we love, we appreciate

850
00:49:17,760 --> 00:49:21,160
Speaker 1: her time. She didn't even like the album, and I

851
00:49:21,200 --> 00:49:22,920
Speaker 1: just I don't even know where to go with that,

852
00:49:23,320 --> 00:49:25,680
Speaker 1: but you know, it's a good test as I continue

853
00:49:25,680 --> 00:49:29,080
Speaker 1: to try to grow in my career to be welcoming

854
00:49:29,480 --> 00:49:32,600
Speaker 1: of the panels when they don't appreciate one of the

855
00:49:32,600 --> 00:49:35,640
Speaker 1: the best rock album of all time. All Right, Doug,

856
00:49:35,880 --> 00:49:39,000
Speaker 1: what is your favorite track off of board to Run?

857
00:49:39,760 --> 00:49:42,920
Speaker 1: So this is very hard for me because I'm a massive,

858
00:49:43,000 --> 00:49:47,319
Speaker 1: massive Springsteen fan. You are what I can tell I

859
00:49:47,360 --> 00:49:49,040
Speaker 1: can't tell you. Whatever I can tell you is this.

860
00:49:49,080 --> 00:49:51,840
Speaker 1: I'm looking at my iTunes right now and it tells

861
00:49:51,880 --> 00:49:54,239
Speaker 1: me that I born to Run. The song that I've

862
00:49:54,320 --> 00:49:58,839
Speaker 1: listened to the most is Backstreets. Oh that's a good one. Uh,

863
00:49:59,160 --> 00:50:01,160
Speaker 1: that's a that's a you know. I want him to

864
00:50:01,200 --> 00:50:03,200
Speaker 1: do a documentary on this, kind of like the Michael

865
00:50:03,280 --> 00:50:06,239
Speaker 1: Jordan's one on ESPN. Remember that? And it all got

866
00:50:06,280 --> 00:50:08,600
Speaker 1: us through the month. What was it, March April? It

867
00:50:08,640 --> 00:50:11,480
Speaker 1: could still be March, who knows, but they should do

868
00:50:11,520 --> 00:50:16,120
Speaker 1: that with with the Boarder Run album, I really like

869
00:50:16,760 --> 00:50:19,040
Speaker 1: well go ahead, backs, go ahead? Well wait first, what

870
00:50:19,080 --> 00:50:23,560
Speaker 1: do you like about Backstreets? Um? Look, I truly love

871
00:50:23,640 --> 00:50:27,560
Speaker 1: every song on the album. That one. I don't know what.

872
00:50:27,760 --> 00:50:30,680
Speaker 1: I'll tell you A very quick story in Richmond, Virginia

873
00:50:30,920 --> 00:50:33,919
Speaker 1: in two thousand and eight, seeing Springsteen at the very

874
00:50:33,920 --> 00:50:36,640
Speaker 1: small Colisseum there and some friends were going to see

875
00:50:36,680 --> 00:50:39,920
Speaker 1: him in Hershey two nights later, and he pulled Backstreets

876
00:50:39,920 --> 00:50:42,200
Speaker 1: out of nowhere because a fan held up a sign

877
00:50:42,239 --> 00:50:45,520
Speaker 1: that said, my band just broke up play Back Streets

878
00:50:45,560 --> 00:50:47,839
Speaker 1: And as soon as that started a high five two

879
00:50:47,880 --> 00:50:49,680
Speaker 1: of my friends, Paul Kane being one of them who

880
00:50:49,760 --> 00:50:53,960
Speaker 1: you know, and said, I'm definitely in for Hershey. So yeah,

881
00:50:53,960 --> 00:50:56,839
Speaker 1: I just love it. It's it's monumental and epic and

882
00:50:56,960 --> 00:50:58,960
Speaker 1: small at the same time. Dave, I don't know if

883
00:50:58,960 --> 00:51:00,839
Speaker 1: it's been out for a while because he he puts

884
00:51:00,840 --> 00:51:03,640
Speaker 1: out so much live editions of his of his music.

885
00:51:03,680 --> 00:51:06,680
Speaker 1: But on Spotify they just released Thinking like two weeks ago,

886
00:51:07,080 --> 00:51:10,040
Speaker 1: some great acoustic work that he did on all of

887
00:51:10,080 --> 00:51:14,759
Speaker 1: these and it his It's just been amazing and he

888
00:51:14,760 --> 00:51:16,560
Speaker 1: wrote most of the album on the piano, and I

889
00:51:17,040 --> 00:51:20,080
Speaker 1: you know, I love reading the old issues of Rolling Stone. Okay,

890
00:51:20,080 --> 00:51:25,840
Speaker 1: Max Burds go favorite song off a board and run Max?

891
00:51:25,920 --> 00:51:31,800
Speaker 1: Do we lose Max? We lost Max? Max? He's gone, Okay,

892
00:51:32,080 --> 00:51:35,200
Speaker 1: I'm gonna say that my favorite song is I mean

893
00:51:35,239 --> 00:51:37,840
Speaker 1: I thunder Road, I love I love thunder Road. But

894
00:51:37,880 --> 00:51:39,440
Speaker 1: this week I've been listening to a lot of jungle

895
00:51:39,560 --> 00:51:43,760
Speaker 1: Land and go ahead. In fact, I had promised myself

896
00:51:43,760 --> 00:51:46,120
Speaker 1: this weekend that I was going to finally determine what

897
00:51:46,200 --> 00:51:48,759
Speaker 1: my favorite song from it was. And I think it's

898
00:51:48,760 --> 00:51:52,160
Speaker 1: back Streets, thunder Road or jungle Land. But it changes

899
00:51:52,200 --> 00:51:54,560
Speaker 1: every time I think about Yeah, it changes changes outside Max,

900
00:51:54,560 --> 00:52:01,400
Speaker 1: are you back MAXI maya? I was under Max, Max,

901
00:52:01,440 --> 00:52:04,919
Speaker 1: I did not move, Muta. What is your favorite song

902
00:52:05,000 --> 00:52:08,360
Speaker 1: off the Border run thunder Road? There's no yes, And

903
00:52:09,200 --> 00:52:11,319
Speaker 1: it's easy to tell you why. It's one of the

904
00:52:11,400 --> 00:52:14,680
Speaker 1: songs that's better live, which is tough to do, and

905
00:52:14,800 --> 00:52:17,240
Speaker 1: it's a song that makes anyone who covers it sound

906
00:52:17,320 --> 00:52:22,960
Speaker 1: really good. Wow. Well, I just think, yeah, it's it's

907
00:52:23,000 --> 00:52:25,879
Speaker 1: just absolutely I think I spent way too many much

908
00:52:25,880 --> 00:52:27,919
Speaker 1: time talking about this album all week, but it really

909
00:52:27,960 --> 00:52:31,480
Speaker 1: has provided me brevity. Uh and and I think you know,

910
00:52:31,600 --> 00:52:34,520
Speaker 1: but but truthfully speaking, I mean, here's an artist who

911
00:52:34,880 --> 00:52:38,080
Speaker 1: really never forgot where he came from. Uh. And it's

912
00:52:38,120 --> 00:52:40,400
Speaker 1: just been remarkable. And if if you go read some

913
00:52:40,440 --> 00:52:42,839
Speaker 1: of his early interviews from the nineteen eighties, he could

914
00:52:42,840 --> 00:52:47,960
Speaker 1: have given them yesterday. And uh yeah, Okay, so now

915
00:52:48,040 --> 00:52:51,680
Speaker 1: it is time for What's on your radar? What is

916
00:52:51,760 --> 00:52:55,759
Speaker 1: on your radar? Max? Go, what's on your radar? I'm

917
00:52:55,760 --> 00:52:59,480
Speaker 1: actually following the NBA Players Association to Seaton today to

918
00:52:59,520 --> 00:53:02,360
Speaker 1: go back to the playoffs. But they have struck a

919
00:53:02,400 --> 00:53:07,000
Speaker 1: great deal that actually will start turning NBA stadium into

920
00:53:07,280 --> 00:53:10,000
Speaker 1: polling places and places where you can go drop off

921
00:53:10,040 --> 00:53:13,080
Speaker 1: ballots high in the community, which I think is just

922
00:53:13,360 --> 00:53:16,520
Speaker 1: A it's proof strikes work, and B it's an example

923
00:53:16,560 --> 00:53:20,120
Speaker 1: of how these groups coming together have achieved something really

924
00:53:20,120 --> 00:53:23,520
Speaker 1: tangible and good for the country. That's a that's a

925
00:53:23,560 --> 00:53:26,600
Speaker 1: really that's a really fascinating one. The NBA is now,

926
00:53:27,000 --> 00:53:28,799
Speaker 1: I think facing a lot of Obviously they're in the

927
00:53:28,800 --> 00:53:31,120
Speaker 1: middle of a domestic conversation, but they're also in the

928
00:53:31,120 --> 00:53:34,040
Speaker 1: middle of a geopolitical conversation. And I think that next

929
00:53:34,080 --> 00:53:38,040
Speaker 1: week that conversation could come to fruition. Okay, what is

930
00:53:38,080 --> 00:53:41,239
Speaker 1: on your radar? Duck high, So one I look forward

931
00:53:41,280 --> 00:53:45,960
Speaker 1: to voting at National's Park. I think, Um, what I'm

932
00:53:45,960 --> 00:53:49,640
Speaker 1: looking for is to see how Um, Biden and Harris

933
00:53:49,680 --> 00:53:52,160
Speaker 1: react in the coming days to what we've seen in

934
00:53:52,680 --> 00:53:56,839
Speaker 1: in Kenosha after the Trump rally at the White House.

935
00:53:56,840 --> 00:53:58,600
Speaker 1: I can't believe I'm saying rally at the White House

936
00:53:58,880 --> 00:54:01,440
Speaker 1: with the threat that and and and jeering of of

937
00:54:01,560 --> 00:54:04,319
Speaker 1: Rand Paul, that there's a lot of conventional wisdom that

938
00:54:04,360 --> 00:54:06,440
Speaker 1: this is a very real problem for the Democrats, that

939
00:54:06,480 --> 00:54:08,839
Speaker 1: they have to address the violence. I'm interested to see

940
00:54:08,840 --> 00:54:10,520
Speaker 1: what the polling is on that is going to say

941
00:54:10,520 --> 00:54:14,000
Speaker 1: as well, Um, you know what's on my radar? No,

942
00:54:14,120 --> 00:54:16,200
Speaker 1: you don't. You know what's on my radar? Is? I

943
00:54:16,239 --> 00:54:18,279
Speaker 1: read about it in the Journal today. There's a new

944
00:54:18,360 --> 00:54:23,600
Speaker 1: documentary by Tyler Norwood called Robin's Wish and it comes

945
00:54:23,640 --> 00:54:27,440
Speaker 1: out on September one. I cannot wait to watch it.

946
00:54:27,440 --> 00:54:30,359
Speaker 1: It's going to be available cross streaming. And it's led

947
00:54:30,360 --> 00:54:34,880
Speaker 1: by Schneider Williams, who wants who is the wife of

948
00:54:34,920 --> 00:54:39,480
Speaker 1: the late legendary Robin Williams. And it's about his struggle

949
00:54:39,520 --> 00:54:43,120
Speaker 1: with Louis body dementia. And it really talks about Louis

950
00:54:43,160 --> 00:54:47,560
Speaker 1: body dementia and the science behind it, and it educates

951
00:54:47,560 --> 00:54:50,760
Speaker 1: people on this degenerative disease that takes over the brain

952
00:54:51,520 --> 00:54:55,960
Speaker 1: and everyone, unfortunately probably has some connection to dementia. But

953
00:54:56,080 --> 00:55:00,640
Speaker 1: Louis body dementia is a version of of the in

954
00:55:00,719 --> 00:55:05,680
Speaker 1: dementia family, and it really talks about how quickly this

955
00:55:05,760 --> 00:55:08,560
Speaker 1: disease can come on and it will be I think,

956
00:55:09,160 --> 00:55:12,560
Speaker 1: very touching and heartfelt of someone who is without question

957
00:55:13,200 --> 00:55:15,799
Speaker 1: one of the best comedians of all time, and who

958
00:55:15,840 --> 00:55:19,240
Speaker 1: had a very public struggle and was very open about

959
00:55:19,280 --> 00:55:21,480
Speaker 1: some of his struggles regarding mental health and whatnot. But

960
00:55:21,560 --> 00:55:24,960
Speaker 1: this was something that he never really discussed. And um,

961
00:55:25,000 --> 00:55:27,200
Speaker 1: I think it could do a lot for the conversation

962
00:55:27,320 --> 00:55:33,000
Speaker 1: surrounding dementia and maybe, just maybe could be another area

963
00:55:33,200 --> 00:55:37,720
Speaker 1: of nonpartisan, a nonpartisan issue in terms of funding, because again,

964
00:55:38,000 --> 00:55:42,520
Speaker 1: like cancer, everyone has a connection to dementia. I want

965
00:55:42,520 --> 00:55:48,520
Speaker 1: to thank everyone for listening all week and for tuning in. Um,

966
00:55:48,560 --> 00:55:52,239
Speaker 1: I hope everyone is a great weekend. Be safe, be productive,

967
00:55:52,760 --> 00:55:55,799
Speaker 1: be grateful, be humble. Thank you to Doug Hi, Thank

968
00:55:55,840 --> 00:55:59,480
Speaker 1: you to Max Burns, Maxie and download the Bloomberg Sound

969
00:55:59,520 --> 00:56:02,200
Speaker 1: On podcast on Apple iTunes, at Bloomberg dot com, or

970
00:56:02,239 --> 00:56:05,400
Speaker 1: by downloading the Bloomberg Business app. You can also find

971
00:56:05,440 --> 00:56:09,320
Speaker 1: me on I Heart Radio, Apple iTunes and Spotify or

972
00:56:09,440 --> 00:56:13,720
Speaker 1: Radio dot com. Um next week, I'm gonna be filling

973
00:56:13,719 --> 00:56:15,880
Speaker 1: in on the anchor desk Monday and Tuesday for the

974
00:56:16,040 --> 00:56:20,919
Speaker 1: legendary David Weston on the Neon Television hour at noon

975
00:56:21,000 --> 00:56:24,440
Speaker 1: Eastern and then Balance Power at the one o'clock hour,

976
00:56:24,560 --> 00:56:28,560
Speaker 1: and then of course sound on. All right, guys and everyone, guys, gals,

977
00:56:28,560 --> 00:56:30,640
Speaker 1: everyone listening. Thank you, have a great weekend. You're listening

978
00:56:30,640 --> 00:56:31,080
Speaker 1: to Bloomberg.