WEBVTT - Bloomberg's Daly on FCC, Niquette on Clinton, Millenials(Audio)

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<v Speaker 1>On w T I, I'm Charlie Pellett, and that's a

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<v Speaker 1>Bloomberg business flash. You're listening to taking stock with Kathleen

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<v Speaker 1>Hay and Pim Fox on Bloomberg Radio. Whose set top

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<v Speaker 1>boxes it? Anyway? Kyle Dailey is a senior reporter for

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<v Speaker 1>Bloomberg b NA, joining us from Arlington, Virginia. Bloomberg b

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<v Speaker 1>NA a wholly owned subsidiary of Bloomberg, a leading source

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<v Speaker 1>of legal, regulatory and business information for professionals. Bloomberg Bonna's

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<v Speaker 1>authoritative coverage spends a full range of legal practices, and

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<v Speaker 1>in this case, we're paying attention to the Federal Communications

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<v Speaker 1>Commission delaying today's vote on a contentious proposal to open

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<v Speaker 1>the pay TV set top box market to competition. Kyle,

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<v Speaker 1>thank you very much for being with us outline exactly

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<v Speaker 1>what is at stake here and what did or did

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<v Speaker 1>not happen today? Sure, so, this proposal would open the

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<v Speaker 1>set top box market to third parties. What that means

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<v Speaker 1>is the sort of big, clunky set top box that

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<v Speaker 1>you rent from Comcast or Time Warner, Cable or Charter. Uh,

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<v Speaker 1>he would be able to replicate that experience on a Roku,

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<v Speaker 1>some drive or you know, any sort of third party

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<v Speaker 1>device that plogs into your TV. UH. So there's been

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<v Speaker 1>a lot of back and forth about this for months now,

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<v Speaker 1>and um SEC Chairman Tom Wheeler finally arrived at UH

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<v Speaker 1>for revision of an earlier proposal that would adopt an

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<v Speaker 1>app space approach, which which just means, you know, again,

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<v Speaker 1>a Comcast did make an app that replica it's that

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<v Speaker 1>whole experience of flipping around channel the channel and then

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<v Speaker 1>Google or Roku or whoever would be able to put

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<v Speaker 1>that into their device. Now there UH was still a

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<v Speaker 1>provision in there that would get the SEC involved in licensing,

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<v Speaker 1>and you know, we're trying to do some te f

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<v Speaker 1>reading because it was a pretty closed process. But what

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<v Speaker 1>seems to be happening is that that's kind of a

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<v Speaker 1>sticking point and um there seems to be some willingness

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<v Speaker 1>for for compromise, but they didn't quite get there in

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<v Speaker 1>time for a vote this morning. Okay, how this is

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<v Speaker 1>and this and your story very clearly points out how

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<v Speaker 1>this licensing question is so central to the story. You

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<v Speaker 1>point out that in the hearing the Republican commissioners came

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<v Speaker 1>out against the licensing provision. The Democratic commissioner uh said,

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<v Speaker 1>let me be candid with you problems with licensing. I

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<v Speaker 1>think this SEC is going a little bit too involved

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<v Speaker 1>in the licensing here. She said, she did not see

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<v Speaker 1>that the FCC has his authority. What is this about

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<v Speaker 1>the licensing language? Break this down for us. Why is

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<v Speaker 1>it so complicated and contentious? Well, that's that's another thing

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<v Speaker 1>that kind of makes this hard to track, is that

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<v Speaker 1>we don't know exactly. UM what's been released so far

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<v Speaker 1>is a fact sheet that just kind of says, okay,

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<v Speaker 1>here's what we would do. So what they would do,

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<v Speaker 1>as far as you know, anyone outside the SEC it

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<v Speaker 1>can understand, is they would set some sort of standard

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<v Speaker 1>for UM licensing between U copyright owners and PAPD providers

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<v Speaker 1>and then sort of how you know, just have a

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<v Speaker 1>standard there and then create an independent oversight board. UM.

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<v Speaker 1>So that basically to ensure that these devices are sticking

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<v Speaker 1>to the terms of licensing agreements between copyright holders and

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<v Speaker 1>a comcast or or a charter UM, and you ensure

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<v Speaker 1>that that those aren't violated and make sure that sort

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<v Speaker 1>of licensing across the board seems to be you know,

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<v Speaker 1>reasonable and and sort of you know, all parties are

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<v Speaker 1>happy with it. Beyond that, we don't know exactly how

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<v Speaker 1>that would work. What we do know is that, you know,

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<v Speaker 1>we've gotten used to UH in the last few years

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<v Speaker 1>to become a very partisan fec um. Most items sort

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<v Speaker 1>of fly under the radar and still you know, pass

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<v Speaker 1>UH without too much ceremony. But we see a lot

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<v Speaker 1>of especially on on these sort of big ticket things

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<v Speaker 1>of a split votes where the Democratic majority votes one

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<v Speaker 1>way the Republicans stow it the other way. Daily thank

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<v Speaker 1>you so very much for joining us. The senior reporter

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<v Speaker 1>for Bloomberg b n A joining us to talk about

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<v Speaker 1>the fccs UH decision on a contensius proposal to open

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<v Speaker 1>the pay TV set top box market market. Cat joins

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<v Speaker 1>us now Politics and national cover reporter for Bloomberg News

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<v Speaker 1>and Mark, I'm want to dive in to one of

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<v Speaker 1>our latest Bloomberg polls and stories. Hillary Clinton's turnout challenge

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<v Speaker 1>seems like in some ways that could be bigger than

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<v Speaker 1>her Donald Trump challenge. Yeah, I'm particularly among certain groups

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<v Speaker 1>that she really needs to be behind her. Uh, if

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<v Speaker 1>she's gonna win in key battleground states, and that is millennials,

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<v Speaker 1>younger voters, and African American voters. You know, the polls

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<v Speaker 1>consistently show that these uh, two groups you know overwhelmingly

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<v Speaker 1>back her, like her better than Donald Trump, but they're

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<v Speaker 1>less likely to vote. There's there's not as much enthusiasm

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<v Speaker 1>in some cases among millennials. UM, when you introduced the

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<v Speaker 1>third party option, they're more likely to vote third party

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<v Speaker 1>than they are to vote for Clinton, even if they

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<v Speaker 1>don't like Donald Trump. Is that really gonna hurt Clinton

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<v Speaker 1>in the outcome? When you look at electoral votes, it

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<v Speaker 1>couldn't matter, Like I said, in some of these battleground states.

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<v Speaker 1>I'm based in Ohio, and that's definitely a concern here

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<v Speaker 1>that if you have a close race. It was always

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<v Speaker 1>going to be close. In Ohio. It's a you know,

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<v Speaker 1>closely divided state. You know, if you lose a couple

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<v Speaker 1>of percentage points that you normally would get or that

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<v Speaker 1>you know, Barack Obama got in and two thousand and

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<v Speaker 1>eight when he carried the state, UM, that could make

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<v Speaker 1>a difference. Clinton going to carry Ohio, it's gonna be close. Um.

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<v Speaker 1>You know, the Clinton campaign acknowledges that Donald Trump has

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<v Speaker 1>some strength here that among the battleground states. You know,

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<v Speaker 1>he might be doing better in states like Ohio and

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<v Speaker 1>Iowa than he is in some of the other battleground

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<v Speaker 1>states just because of the demographics in the state, you know,

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<v Speaker 1>the number of older, white working class voters here, voters

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<v Speaker 1>without a college degree. Um. So that's part of the

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<v Speaker 1>challenge for the Clinton campaign. They sort of have to

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<v Speaker 1>make up for whatever advantage that Trump might have in

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<v Speaker 1>terms of appeal in the state with sort of this

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<v Speaker 1>ground game where she does have an advantage and a

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<v Speaker 1>more robust operation to sort of get her supporters to

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<v Speaker 1>the polls. So mark the story to talks about and

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<v Speaker 1>many have that one thing that's obvious. Younger you are,

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<v Speaker 1>the less you tend to vote period. Okay, but it's

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<v Speaker 1>also been an issue for Hillary Clinton, say compared to

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<v Speaker 1>Bernie Sanders, right that she doesn't there's a worry about

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<v Speaker 1>the millennial vote. So in some sense you could say, uh,

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<v Speaker 1>why worry about them anyway, They're not going to vote

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<v Speaker 1>as big big as numbers You're maybe not gonna Why

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<v Speaker 1>not concentrate on the part of the population, who's in

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<v Speaker 1>the middle a little more on the fence, who does

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<v Speaker 1>tend to go to the polls and sway them to

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<v Speaker 1>vote for you. I think they are doing that, But

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<v Speaker 1>they also just can't ignore the millennial voting block. It's

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<v Speaker 1>just such a large um segment of the voting population

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<v Speaker 1>now larger than Baby boomers, and you know, large enough

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<v Speaker 1>to dissway a race if it's close. And I think

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<v Speaker 1>that's the concern again, particularly in these battleground states, as

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<v Speaker 1>if you have a very close race on the margin,

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<v Speaker 1>these things like where millennials vote or turnout in the

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<v Speaker 1>African American community is can help decide who wins the state.

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<v Speaker 1>Can you tell us whether the government has decided to

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<v Speaker 1>stay in business at least until the middle of December.

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<v Speaker 1>Congress Uh did send President Obama stop gat spending bill

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<v Speaker 1>on Wednesday. UH. That's going to keep the government open

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<v Speaker 1>at least through December nine. You know, they'll have to

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<v Speaker 1>pick up after the election in terms of what happens

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<v Speaker 1>for the rest of the fiscal year. But there have

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<v Speaker 1>been some you know, debate and concern about you know,

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<v Speaker 1>what Congress was gonna do, uh, particularly when it came

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<v Speaker 1>to funding for things like the zeco virus. There was

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<v Speaker 1>some fight over whether, UM, that should be tied to

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<v Speaker 1>restricting funding for planned parenthood, which Democrats suppose for for example, UH,

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<v Speaker 1>and some other issues such as how to deal with

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<v Speaker 1>funding for lead abatement in places like Flint, Michigan. UH.

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<v Speaker 1>And at the end they sort of came to an

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<v Speaker 1>agreement that you know, if nothing else kicks the can

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<v Speaker 1>down the road till after the election. So will this

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<v Speaker 1>become any kind of political football in the remaining meets

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<v Speaker 1>of the campaign. I don't think the funding of it will. Uh.

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<v Speaker 1>You know, there might be still some discussion and arguments

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<v Speaker 1>about things like, you know, should the federal government be

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<v Speaker 1>paying for you know what ultimately our state or local

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<v Speaker 1>problems like the Flint water crisis UM, which is a

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<v Speaker 1>blame largely on action and inaction by the state and

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<v Speaker 1>local authorities there. You know, some Republicans think, well, that's

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<v Speaker 1>not really the federal government's job to step in and

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<v Speaker 1>clean up the mess when it's not really a federal issue. UM.

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<v Speaker 1>So you might seek debate about that sort of in

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<v Speaker 1>the astract. But in terms of funding the government, I

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<v Speaker 1>think we're probably kicking us beyond the elections. Just quick

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<v Speaker 1>final question. Do we know what Hillary Clinton or Donald

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<v Speaker 1>Trump has said about that particular issue funding local issues.

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<v Speaker 1>I've seen that really addressed. You mean, they both talked

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<v Speaker 1>about the need to deal with the problem, and I

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<v Speaker 1>think both have talked about you in terms of federal

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<v Speaker 1>government being a partner. But I don't know if they've

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<v Speaker 1>gotten into sort of the devil of detail of how

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<v Speaker 1>much should be federal responsibility versus state or local. All Right,

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<v Speaker 1>we think Mark Niquette joining us to talk politics, one

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<v Speaker 1>of our favorite subject heres. He's politics and national gun

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<v Speaker 1>reporter for Bloomberg News, and you're listening to taking Stock.

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<v Speaker 1>I'm Pim Fox, my co host, of course, Kathleen Hayes,

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<v Speaker 1>and this is Bloomberg