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Speaker 1: Live from our nation's camera. How do we reopen this economy?

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

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

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

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

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

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

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

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Speaker 1: Surrelate on Bloomberg and one oh five h d two,

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Speaker 1: Night three of the d n C Convention. Ryan Teague

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Speaker 1: back with has us is going to give us a

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Speaker 1: preview plus Jensaki, former White House communications director for President

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Speaker 1: Barack Obama. She's also going to give us a preview

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Speaker 1: of the Obama speech. No one knows former President Obama

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Speaker 1: better than Jen Saki in the communications field. George c

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Speaker 1: Is going to join us, as is Louis Maranda. We

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Speaker 1: will talk all things politics, policy. We're gonna talk foreign policy.

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Speaker 1: We gotta talk about the Skinny Deal. Taylor Rige is

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Speaker 1: beating up on me on the on Bloomberg Television all

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Speaker 1: day about the Skinny Deal, So we'll dive into the

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Speaker 1: specifics of that. We have a lot to cover tonight, uh,

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Speaker 1: including the Fed minutes which showed that the f O

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Speaker 1: m C is backing away from September guidance shifts. We'll

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Speaker 1: get to that end the Post Office, which may actually

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Speaker 1: clear the way for some stimulus talk negotiations. But we

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Speaker 1: begin with Night three of the Democratic National Convention. Ryan

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Speaker 1: tig beckwith is on the line. He has a Bloomberg

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Speaker 1: Politics national political reporter. Right, thanks for joining us. Who's

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Speaker 1: speaking the night's former President Obama? Who else is on

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Speaker 1: the lineup? Senator Elizabeth Warren and uh, the big one,

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Speaker 1: Kamala Harris. Yes, so this is this is Kamala's night. Um.

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Speaker 1: You'll also hear from Hillary Clinton and some uh Gabby

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Speaker 1: Giffords will speak that I think will be a real

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Speaker 1: moment to uh to watch and keep an eye out for. UM.

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Speaker 1: I think Obama's speech is going to be from the

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Speaker 1: Museum of the American Revolution, and I think if you

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Speaker 1: watched his eulogy for Representative John Lewis and Philadelphia kind

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Speaker 1: of a sense of where Yes, so twin state, but also,

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Speaker 1: you know, he's a guy who likes to talk about

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Speaker 1: the arc of history and likes to weave things in um.

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Speaker 1: I don't think that's a coincidental location. No, no, no,

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Speaker 1: not at all. And in fact, he actually spoke in

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Speaker 1: Philadelphia during his two thousand and eight presidential campaign when

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Speaker 1: he gave a race speech, a speech on race and

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Speaker 1: and the and it was it came at a time

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Speaker 1: in the in the two thousand and eight cycle in

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Speaker 1: which he was getting some pressure for his pastor and

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Speaker 1: remember all that, and he gave a very unifying message here.

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Speaker 1: He has a history with the city of Brotherly Love,

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Speaker 1: especially as it comes to dealing with sort of these

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Speaker 1: these unifying themes that he would like to speak to

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Speaker 1: tonight on the issue of Senator Kamala Harris, Democrat from California.

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Speaker 1: What does she have to do tonight? You know, I

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Speaker 1: think that there's uh, she's fairly well known for a

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Speaker 1: political figure. I mean, there's a lot of senitors that

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Speaker 1: I could mention and to my friends who don't follow

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Speaker 1: this stuff and get a blank response. And and she's

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Speaker 1: one that you'll see. You know, there's stuff on Etsy

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Speaker 1: the people have made even before she was Vice presidential candidate,

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Speaker 1: just you know, moments where people make sort of little

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Speaker 1: crustaches and things like that to celebrate their heroes. Um,

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Speaker 1: and seldom on Etsy, it's a thing I'd like to monitor. Um.

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Speaker 1: So I am lost, but I'm just like, just get

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Speaker 1: us back on track. I was just like, what, this

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Speaker 1: is her coming out for the rest of America, for

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Speaker 1: the people who aren't doing that, for the people who,

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Speaker 1: um kind of know who she is but don't really know,

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Speaker 1: and that people who know who know who she but

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Speaker 1: have never really seen her speak. There's a lot of

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Speaker 1: people who are going to be really watching this to say,

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Speaker 1: do I like this person? What do we think of

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Speaker 1: this person? I'm very interested to see precisely how she

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Speaker 1: plays for the medium. Whether she speaks in a private room,

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Speaker 1: do we know this, is she going to speak in

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Speaker 1: a in a closed room. Is she going to speak

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Speaker 1: in a large room do we know? Or no, I

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Speaker 1: haven't heard. Um. I think that these are all essentially

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Speaker 1: directed TV appeals, and it's a very different kind of speech.

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Speaker 1: It's not, Um, you're not talking to a room and

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Speaker 1: reading the room and feeding off her energy. You really

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Speaker 1: it's almost it's very artificial that you have to be

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Speaker 1: able to to to make the camera like like you back,

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Speaker 1: you know, and uh, And I think that you can

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Speaker 1: see who's good at it and who he's not. And

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Speaker 1: I try every day on television and some days I

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Speaker 1: some days it works, most days it doesn't. But I try, right,

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Speaker 1: I try my hardest. I feel like the camera. I

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Speaker 1: don't think it likes me. I think. For Senator Pamala Harris,

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Speaker 1: I'm gonna be looking for three things. First and foremost,

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Speaker 1: on policy, where does she go? Does she pivot to

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Speaker 1: the democratic socialist plank of the party, or does she

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Speaker 1: adopt a more centrist tone, or does she choose to

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Speaker 1: speak in more wide sweeping language and rhetoric that really

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Speaker 1: allows her to not take a position on things like

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Speaker 1: the Green New Deal, on things like Medicare for All.

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Speaker 1: She does obviously have a record, she has obviously put

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Speaker 1: forth some proposals. But will she craft herself in the

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Speaker 1: way that the current occupant of the Vice presidency, Mike

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Speaker 1: Pence did, as someone who would be able to bridge

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Speaker 1: the gap between the office of the Executive and the

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Speaker 1: commander in chief and Capitol Hill. The second thing that's

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Speaker 1: gonna be all my radar for Senator Kamala Harris's speech

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Speaker 1: is does she go out, does she adopt the the

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Speaker 1: the the strategy of going on offense, of going on

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Speaker 1: the attack, and and and we've seen this deployed as

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Speaker 1: a strategy, and other vice presidential picks and case in

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Speaker 1: points Sarah Palin, who really would would fire up the

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Speaker 1: base and throw up throw a lot of red meat

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Speaker 1: for conservatives. But finally I want to see is how

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Speaker 1: does she compare to Senator Elizabeth Warren. And I say

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Speaker 1: that because Senator Elizabeth Warren is without question a dominant

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Speaker 1: force in Democratic Party politics. She's got the ear of

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Speaker 1: Joe Biden. She's also got the ear of Senate Minority

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Speaker 1: Leader Chuck Schumer. And when she speaks tonight, she could

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Speaker 1: very well. She's already in Senate leadership. She outranks in

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Speaker 1: terms of seniority Kamala Harris in the Senate. So it's

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Speaker 1: gonna be quite remarkable to see if Senator Warren, if

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Speaker 1: she adopts a more we've got to defeat Trump line

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Speaker 1: to defeat fascism like Bernie Sanders did, or if she

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Speaker 1: gets more specific, because she's known as a policy walk.

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Speaker 1: Ryan teek beckwith mm hmm. I think that if you

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Speaker 1: if you look at sort of the line has been

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Speaker 1: from progressive Uh, it's it's the ones who are trying

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Speaker 1: to make the best possible case, not the ones who

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Speaker 1: are you know, still upset, um, but the ones who

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Speaker 1: are trying to already move toward the general election and

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Speaker 1: just let's put all this aside. Are basically arguing like,

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Speaker 1: let's get Biden elected, keep going to sign whatever we

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Speaker 1: send him. So let's get him elected, and let's get

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Speaker 1: a Democratic Senate, and let's get as many progressives in

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Speaker 1: the House as we can get, and then we will

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Speaker 1: pressure Biden to go as far left as we can

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Speaker 1: possibly go. So it's it's a it's a kind of

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Speaker 1: a pragmatic, uh, selling point, and it's one you don't

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Speaker 1: often hear from progressives, but I think that you're going

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Speaker 1: to increasingly here. I wouldn't be surprised if that was

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Speaker 1: Elizabeth Warren's approach tonight. Um And Uh, it's it's kind

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Speaker 1: of an echo of the you know, just give me

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Speaker 1: a hand that can sign papers, uh, pitch that people

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Speaker 1: the Republicans have made in the past. It really is fascinating,

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Speaker 1: especially I think just the medium and you you so

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Speaker 1: brilliantly just referenced this the medium, and how how that's

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Speaker 1: really changed the dynamics of these conventions. I think back

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Speaker 1: till last night, really remarkable Colin Pew, former Secretary of

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Speaker 1: State in the Bush White House. I mean, for him

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Speaker 1: to get up there right after uh, the former nominee

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Speaker 1: of the Democratic Party, John Kerry, who of course also

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Speaker 1: a Secretary of State, one after the other, uh, and

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Speaker 1: to to give endorsements to Joe Biden. Then you throw

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Speaker 1: in Cindy McCain, the widow of course the late Senator

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Speaker 1: John McCain, and and I you know, I kept thinking,

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Speaker 1: if this was playing in a convention hall, the images,

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Speaker 1: the body language of the three of these people, I mean,

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Speaker 1: it would have been really remarkable to see them all

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Speaker 1: share a stage. And because we're living in these virtual times,

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Speaker 1: it's incredibly difficult to capture just the magnitude of that moment.

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Speaker 1: Then I look at the I look at the the

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Speaker 1: TV ratings, and they're declining. I mean they're they're massively

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Speaker 1: down the numbers. I mean, still millions of people are

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Speaker 1: tuning in. But but I wonder if this will will

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Speaker 1: whether or not these met these moments, these viral moments

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Speaker 1: will outlast this week. I don't know the answer to that,

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Speaker 1: but that's a test for Senator Warren tonight and of course,

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Speaker 1: obviously for Senator Kamala Harris. So a lot to get

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Speaker 1: through tonight, Ryan T. Beckwith, thanks so much for stopping

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Speaker 1: by to kick things off with us on a very

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Speaker 1: important evening for Senator Kamala Harris. Ryan, of course, Ryan

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Speaker 1: Ryan T. Beckwith, of course, is the Bloomberg national political reporter,

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Speaker 1: and you can follow all of our complete coverage across

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Speaker 1: platform on Bloomberg Television and on Bloomberg Radio leat of

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Speaker 1: course by the indefatigable David Weston tonight at ten o'clock

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Speaker 1: and in the ten o'clock PM Eastern. Our stocks meanwhile

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Speaker 1: dropped in the dollar rose after the Federal Reserve minutes

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Speaker 1: signaled tempered optimism about growth in the second half of

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Speaker 1: treasuries fell as policy makers pan yield curve control. Much

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Speaker 1: more policy and politics ahead. I'm Kevin Sirelli, Chief Washington

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Speaker 1: correspondent from Bloomberg Television and from Bloomberg Radio. Get ready

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Speaker 1: for another night at the d n C, the Virtual DNC.

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Speaker 1: You're listening to Bloomberg. This is Bloomberg's Sound On with

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Speaker 1: Kevin Surreley on Bloomberg and one all five point seven

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Speaker 1: m h D two. So the Fat Note did some

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Speaker 1: interesting things today, and the SMP five hundred raced games

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Speaker 1: because the Federal Reserve noted the health crisis would quote

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Speaker 1: way heavily end quote on economic activity, and they repeated

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Speaker 1: the view that the path of the recovery would depend

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Speaker 1: on containment of the virus. Reading from the Bloomberg terminal

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Speaker 1: reading Nazareth, Claire Balentine and Bill down A hydridis reporting

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Speaker 1: with regards to the fo m C. My name is

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Speaker 1: Kevin Surally. I am the chief Washington correspondent for Bloomberg

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Speaker 1: Television and for Berg Radio. We're gonna talk more about

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Speaker 1: the Fed minutes and how they show the f m

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Speaker 1: C is backing away from their September guidance shift, coming

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Speaker 1: up later on in the program. But of course tonight

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Speaker 1: night three of the Democratic National Convention, the Virtual Convention,

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Speaker 1: and a ton of speeches. I mean, really, folks, you

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Speaker 1: got Senator Elizabeth Warren, You've got who arguably inherits the

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Speaker 1: Democratic Socialism flank of the party, Hillary Clinson, former Secretary

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Speaker 1: staying of course that the nominee, former President Barack Obama

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Speaker 1: speaking in my hometown, Philly, City of brotherly Love. He's

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Speaker 1: gonna be speaking out of museum. Uh And and then

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Speaker 1: of course Kamala Harris, Senator Kamala Harris her national debut.

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Speaker 1: I was just texting with my cousin and I said,

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Speaker 1: why are your kids back in school? Because I still

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Speaker 1: feel like it's march. Jen Saki was one of the

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Speaker 1: last people I saw in the pre pandemic times. Jen

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Speaker 1: Saki is on the line. She's former White House Community

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Speaker 1: Patients Director for former President Obama. Jed, thanks for joining us.

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Speaker 1: All right, take us behind the scenes. What's Barack Obama

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Speaker 1: doing right now? How is he preparing for this convention?

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Speaker 1: So I will draw on my ten years of working

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Speaker 1: for him and tell you that he is probably now.

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Speaker 1: I don't know if he prerecorded it. I should know that,

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Speaker 1: But if he didn't and he's doing it live, then

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Speaker 1: he is lyne editing it um because he changes words

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Speaker 1: until the last moment, and for a speech just like this,

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Speaker 1: you know, as important in this um, he'll be doing

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Speaker 1: that probably until he walks out to deliver it. It's live.

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Speaker 1: He's speaking live. Learning news from you right now, Jen,

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Speaker 1: I'm good for something, Jen Psaki, I'm good for something.

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Speaker 1: Go ahead. That means right now. You know, he may

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Speaker 1: be reading or something he likes to line out. He's

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Speaker 1: kind of a procrastinator, so he'll be lyne editing up

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Speaker 1: until it's essential to put it in the teleprompter for

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Speaker 1: him to deliver it. I can't believe I just got

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Speaker 1: Jen Psaki to say on air that former President Obama

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Speaker 1: is a procrastinator. That's fascinating to me. Maybe if he's

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Speaker 1: in Philly, he's having a cheese steak. Yes, so maybe

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Speaker 1: he's having He's kind of a healthy eater, so he

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Speaker 1: maybe maybe he's treating himself before he gets I'm gonna

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Speaker 1: keep this interview on the rails, but I will say

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Speaker 1: that cheesesteaks can be healthy. As someone who grew up

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Speaker 1: in Dolko, Jen, what are you going to be looking

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Speaker 1: for for Senator Harris uh and and of course from

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Speaker 1: Senator Warren, because I think these two voices really are

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Speaker 1: in many ways potentially inheriting the future of of the party.

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Speaker 1: And I think for Senator Warren could really be an

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Speaker 1: even more influential figure in Senate leadership. Uh as her

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Speaker 1: career continues. She certainly could be and will be even

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Speaker 1: if she's not in Senate leadership, because her voice continues

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Speaker 1: to be a very powerful one in the party. I mean,

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Speaker 1: I would expect from Senator Warren Um that we hear

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Speaker 1: kind of a powerful case against President Trump. You know,

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Speaker 1: we know that she has differences with Joe Biden on

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Speaker 1: polist and policy issues, but I think she's going to

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Speaker 1: reserve a lot of that site for after he's elected

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Speaker 1: Um and be someone who makes the case for why

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Speaker 1: Biden is the right person to heal the country, but

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Speaker 1: mostly why Donald Trump needs to be thrown out. And

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Speaker 1: she is such an effective attack dog and litigator of

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Speaker 1: the facts, just like Kamala Harris, even as different as

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Speaker 1: they may be on some policy issues. And from Harris,

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Speaker 1: you know, the speech she gave for her announcement, I

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Speaker 1: think was the best speech I've heard her give. I

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Speaker 1: learned more about her as a person and her background

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Speaker 1: and what drove her, and I think and hope we'll

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Speaker 1: hear more of that tonight. I mean more about who

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Speaker 1: is Kamala Harris, what's her biography, what's her background, what

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Speaker 1: drives her? I mean, she's become over the last six months,

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Speaker 1: such a powerful voice for racial justice, for social justice,

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Speaker 1: and I think that will be a driving part of

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Speaker 1: what we hear from her too. I think it's highly

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Speaker 1: unlikely we're going to hear her dive into kind of

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Speaker 1: some of the specific policy issues that have been dividing

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Speaker 1: lines in the party, because this week is about unity

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Speaker 1: and it's also about why Joe Biden is the right

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Speaker 1: choice UM, and so I would expect she'd go fifty

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Speaker 1: foot about her background, who she is, and what the

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Speaker 1: contrast and differences are with Trump. She's also a very

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Speaker 1: effective kind of litigator of a kind of a line

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Speaker 1: of attack against Donald Trump, So I expect that will

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Speaker 1: be ramped up a bit tonight between the two of them.

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Speaker 1: Jen Sake is on the line. She's the former White

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Speaker 1: House Communications surrector for the Obama administration. She also previously

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Speaker 1: served as the spokesperson for UM at the State's Department

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Speaker 1: for now former Secretary of State John Kerry. John Kerry

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Speaker 1: speaking last night as well as Colin Powell, and Yeah,

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Speaker 1: it was really remarkable to have two former secretaries of

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Speaker 1: State speak one after the other and endorse Joe Biden.

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Speaker 1: And and I was curious, and I said this to

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Speaker 1: Tom Keene earlier today on Bloomberrick Surveillance about how if

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Speaker 1: that was in a convention hall, that just the imagery

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Speaker 1: of two former Secretaries of State endorsing Joe Biden, coupled

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Speaker 1: with the widow um uh Cindy McCain, the widow to

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Speaker 1: of course, the late Senator John McCann. I mean, that

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Speaker 1: would have been incredibly powerful. But in these virtual times,

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Speaker 1: I mean even so, just to hear those two remarks,

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Speaker 1: I'm curious from a foreign policy perspective, what do you

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Speaker 1: think this says about how Joe Biden would be, how

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Speaker 1: he would navigate as commander in chief, and what policies

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Speaker 1: he would adopt. Um when he gets the endorsement of

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Speaker 1: someone like not only John Kerry, which is expected, but

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Speaker 1: but also Colin Powell. Well, look, I think that part

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Speaker 1: of Joe Biden's um strength is that he has this

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Speaker 1: long history on foreign policy issues and it is not uh,

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Speaker 1: it is rarely the the deciding factor for the American

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Speaker 1: people when they go to the polls, right, But at

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Speaker 1: the same time, it is such an important part of

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Speaker 1: what being able to lead from day one looks like, right,

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Speaker 1: You've covered this for so long. I obviously lived it

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Speaker 1: at the State Department in the White House, and you know,

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Speaker 1: I think it tells you that sometimes issues, policy issues

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Speaker 1: aren't partisan issues. I mean being able, you know, valuing

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Speaker 1: our relationships in the world, alliances, um, you know, seeing

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Speaker 1: the United States as a leader on human rights and

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Speaker 1: freedom oppressed. Those are not Democratic values. Those are American

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Speaker 1: values and they've kind of fallen by the wayside under

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Speaker 1: President Trump. So I think last night what you what

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Speaker 1: what I saw and what I think why it was important.

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Speaker 1: I think they were speakers like um for your Secretary

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Speaker 1: Carey and former Secretary Powell is to convey that. But

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Speaker 1: that's an important part of who we are and what

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Speaker 1: we're looking for to somebody who's prepared and experienced, and

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Speaker 1: we'll kind of reinstitute those values here but also around

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Speaker 1: the world. Let me ask you one final question. What

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Speaker 1: is your most favorite convention memory? Wow? So one, I

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Speaker 1: have never watched as much of the convention as I

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Speaker 1: have over the last two nights, because when you're there,

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Speaker 1: like in and out of things and it's crazy and whatever.

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Speaker 1: So I've actually kind of enjoyed that. My favorite memory

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Speaker 1: is was in Colorado in Denver when then um. Senator

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Speaker 1: Barack Obama accepted the nomination, and if people remember what

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Speaker 1: it looked like, I was. It was kind of columns right.

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Speaker 1: It was a big dramatic um stage and I was

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Speaker 1: standing right near David Axelrod and Robert Gibbs backstage and

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Speaker 1: watching it happen. And there are out of body moment.

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Speaker 1: Do you have a somebody who works in government or

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Speaker 1: on campaigns and even as a reporter, And that's certainly

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Speaker 1: one of them. And I remember it like it was yesterday. UM,

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Speaker 1: so that I have lost his favorite memories, but that's

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Speaker 1: one of them. That's a good memory. Jen Saki, thanks

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Speaker 1: so much for making time for us tonight and giving

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Speaker 1: us a behind the scenes look and of course talking

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Speaker 1: policy as well. Jen Psaki is the former White House

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Speaker 1: Communications director for the Obama administration and the former State's

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Speaker 1: Apartment spokesperson for now former Senator our former Secretary of

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Speaker 1: State John Kerry. Coming up next, more policy and politics.

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Speaker 1: I'm Kevin Sili, Chief Watchington correspondent for Bloomberg Television and Radio,

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Speaker 1: and you're listening to Bloomberg Why from our how do

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

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Speaker 1: is impacting farmers. What does this do for the United

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Speaker 1: States relationship with China? Bloomberg Sound Off, the insiders, the influencers,

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Speaker 1: the insides. We're responding to this crisis and manufacturers are

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Speaker 1: stepping up like never before. King at Pubny kenneddates for

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Speaker 1: different bugs teams. How do we make sure a pandemic

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Speaker 1: of this scale never happens again? This is Bloomberg Sound

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Speaker 1: On with Kevin Shirl on Bloomberg and D two. We've

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Speaker 1: got a lot to get through. A complete preview of

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Speaker 1: the Democratic National Convention Night three. Senator Kamala Harris the

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Speaker 1: running mate her big speech tonight, plus the feministe showing

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Speaker 1: f o MC backing away from September, guide and shift,

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Speaker 1: and the Post Office fight. Get this that Post Office

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Speaker 1: might fight might lead way to a skinny deal on

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Speaker 1: the stimulus. What gives? I've got complete reaction policy politics

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Speaker 1: from our panel. George c CEO of Annandale Capital of Texas,

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Speaker 1: businessman and former senior advisor to Marko Rubio presidential campaign.

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Speaker 1: And Louis Miranda, former d n C Communications director and

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Speaker 1: director of Communications and Politics at Alloy, which is a

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Speaker 1: nonprofit tech startup for building better data and technology for progressives.

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Speaker 1: Plus I will check in with Rick Davis one on

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Speaker 1: one with Rick Davis, partner at Stone Corps Capital, who,

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Speaker 1: of course he was the campaign manager for Senator John McCain.

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Speaker 1: But let's kick things off with George C. George C,

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Speaker 1: not George f OMC. George C. I thought it was funny. George,

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Speaker 1: he's the CEO of an Entale Capital. It wasn't funny

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Speaker 1: at all. He's a Texas businessman and former senior advisor

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Speaker 1: to Marco Rubio ten presidential campaign and Louis Miranda he

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Speaker 1: joins us. He is the former d n C Coms

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Speaker 1: Director and director of coms now at and Politics at

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Speaker 1: alloy Um, which is a nonprofit tech startup for progressive

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Speaker 1: technology politics. George Lewis, Welcome to the show, Louis. I

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Speaker 1: want to start with you. Senator Kamala Hare. She gives

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Speaker 1: her big speech night. She will be speaking along will

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Speaker 1: as will former President Barack Obama, Hillary Clinton, and Senator

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Speaker 1: Elizabeth Warren. What are you gonna be looking for tonight? UM?

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Speaker 1: I think that this is a coming together kind of

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Speaker 1: uh evening that really highlights how Democrats are united going forward.

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Speaker 1: And you've seen a little bit of that throughout the week.

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Speaker 1: UM Tonight certainly UM and puts puts an emphasis on

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Speaker 1: it with with Warren and Kamala Harris UM two of

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Speaker 1: the opponents to Joe Biden during the primaries, to the

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Speaker 1: powerful ones representing different parts of the party all peeing

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Speaker 1: up UM a message of unity. President Obama certainly being

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Speaker 1: someone who maintained neutrality and and has been seen us

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Speaker 1: as as an energizer for the party. UM. So I'm

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Speaker 1: gonna be looking for that. I think it's been a

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Speaker 1: really strong week so far. We saw a lot of

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Speaker 1: definition of presidents frump in that first evening UM, particularly

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Speaker 1: with Michelle Obama really framing him as incompetent. You saw

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Speaker 1: last night John Carey deliver a very powerful message. And

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Speaker 1: I think Kamala tonight has the opportunity to then transition

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Speaker 1: all of this and the unity piece and really talk

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Speaker 1: about the future, and that will be important. It's gonna

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Speaker 1: be fascinating to see how Senator Harris really does try

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Speaker 1: to how how she makes her really her national debut

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Speaker 1: as a as a running mate. I mean, of course

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Speaker 1: everyone saw the speech that she did in the roll out,

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Speaker 1: but this is such a probably without question, the most

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Speaker 1: important speech of her political career thus far. George C.

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Speaker 1: What are you going to be looking for? Well, first

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Speaker 1: of all, I thought you were funny, and I think

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Speaker 1: it's good to laugh long and loud in these times

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Speaker 1: that are that are so unusual. George, George, I gotta interrupt.

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Speaker 1: This is why I could talk to you forever. But

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Speaker 1: because we you you get my weird sense of humor. George.

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Speaker 1: All right, so thank you, thank you. I appreciate that.

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Speaker 1: Go ahead. The weirder and the most eccentric, the better.

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Speaker 1: That's that's always funny. So I would say about both conventions,

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Speaker 1: not just the Democratic but the Republican convention, that in

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Speaker 1: this strange year, with so many people worried about so

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Speaker 1: many other things than politics, and with the virtual nature thereof,

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Speaker 1: it's just a strange time. And and viewership is gonna

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Speaker 1: be down, and I think voters have their minds on

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Speaker 1: other things. And I think the last month, from like

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Speaker 1: maybe late September into the first week in November is

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Speaker 1: gonna tell the tale. And I think this, I don't

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Speaker 1: know if it's five percent or fift or the electorate

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Speaker 1: that's persuadable. They're gonna break hard one way or another

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Speaker 1: during that period of time. And I don't know which

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Speaker 1: way they're going to break, but I think both men

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Speaker 1: have a chance to still win this election. But it's

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Speaker 1: going to really depend on how that voter that has

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Speaker 1: bigger issues to deal with right now at this time,

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Speaker 1: we're gonna break. When it gets close to the time

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Speaker 1: to pull the lever, I'm going to rip the script up.

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Speaker 1: I'm ripping the scripts, as time always says here because

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Speaker 1: see George just said something fascinating. I mean, and I've

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Speaker 1: been talking about this for a couple of days now,

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Speaker 1: as we're in this virtual medium where you have to

429
00:24:56,359 --> 00:24:58,680
Speaker 1: yet last night, you've got two former secretaries of state

430
00:24:58,840 --> 00:25:01,240
Speaker 1: want to Democrat John Arry, who was the nominee and

431
00:25:01,280 --> 00:25:03,879
Speaker 1: the standard bearer for the party and the in two

432
00:25:03,960 --> 00:25:07,080
Speaker 1: thousand and four, and then of course Colin Powell, who's

433
00:25:07,119 --> 00:25:12,960
Speaker 1: a Bush Republican and is endorsing UH, is endorsing Joe Biden.

434
00:25:13,400 --> 00:25:16,320
Speaker 1: If that was in a convention hall, George, those images,

435
00:25:16,920 --> 00:25:18,760
Speaker 1: plus you got Sidney McCain, you throw her, you throw

436
00:25:18,800 --> 00:25:21,359
Speaker 1: her up on the stage as well, those images they

437
00:25:21,400 --> 00:25:25,280
Speaker 1: would have played on the front page on everything. But

438
00:25:25,680 --> 00:25:28,879
Speaker 1: what I just heard George C say Louis Miranda is

439
00:25:29,400 --> 00:25:32,680
Speaker 1: these virtual conventions, the viewerships down, they're gonna be a wash.

440
00:25:32,920 --> 00:25:35,239
Speaker 1: And these viral times people are trying to figure out

441
00:25:35,240 --> 00:25:36,840
Speaker 1: if the kids are gonna go to school, people are

442
00:25:36,840 --> 00:25:38,159
Speaker 1: trying to figure out if if they're gonna have a

443
00:25:38,240 --> 00:25:41,040
Speaker 1: job to come back to. Then it's a wash. It's

444
00:25:41,040 --> 00:25:42,800
Speaker 1: a wash that I mean, I don't know. I could

445
00:25:42,840 --> 00:25:46,240
Speaker 1: see it going either way. Louis. Uh. Look, I think

446
00:25:46,320 --> 00:25:48,800
Speaker 1: that the people because they are concerned about, you know,

447
00:25:48,880 --> 00:25:51,320
Speaker 1: are their kids gonna go to school? Are they going

448
00:25:51,359 --> 00:25:52,879
Speaker 1: to be able to get back to school safely. I

449
00:25:52,880 --> 00:25:54,320
Speaker 1: don't think it's just about going to school, but going

450
00:25:54,359 --> 00:25:57,960
Speaker 1: to school safely? Are are there jobs still gonna be there? Um?

451
00:25:58,359 --> 00:26:01,120
Speaker 1: How are they going to manage with if so many

452
00:26:01,200 --> 00:26:04,400
Speaker 1: different pieces? And so they are looking for answers leadership,

453
00:26:04,840 --> 00:26:08,720
Speaker 1: And there's like bright, wide, broad spread recognition that Donald

454
00:26:08,760 --> 00:26:10,840
Speaker 1: Trump has just failed to leave in this moment of crisis.

455
00:26:10,920 --> 00:26:14,120
Speaker 1: So to me, the moment of crisis in many ways

456
00:26:14,160 --> 00:26:17,000
Speaker 1: puts a bigger emphasis on this. And as far as

457
00:26:17,040 --> 00:26:19,719
Speaker 1: the format, I think it is challenging and I think

458
00:26:19,760 --> 00:26:23,120
Speaker 1: it's been interesting to see how the Democratic National Committee

459
00:26:23,160 --> 00:26:25,639
Speaker 1: and the campaign and the d n c C have

460
00:26:26,520 --> 00:26:30,600
Speaker 1: really put together a compelling program in a compressed window

461
00:26:31,160 --> 00:26:33,800
Speaker 1: that I think is necessary for the change in format.

462
00:26:34,160 --> 00:26:38,000
Speaker 1: But you know, conventions have also gotten very bloated and uh,

463
00:26:38,400 --> 00:26:42,240
Speaker 1: you know, completely at a scale over the last uh

464
00:26:42,600 --> 00:26:47,040
Speaker 1: few years, many years, and those politicos here we go.

465
00:26:47,400 --> 00:26:52,320
Speaker 1: You don't like the conventions. I totally conventions. I love

466
00:26:52,359 --> 00:26:54,199
Speaker 1: the conventions. But I do think that there was going

467
00:26:54,280 --> 00:26:58,119
Speaker 1: to be a necessary shift in conventions anyway, and this

468
00:26:58,280 --> 00:27:01,639
Speaker 1: in some ways forces the parties to experiment with that

469
00:27:01,760 --> 00:27:03,359
Speaker 1: in a way that I think will be positive for

470
00:27:03,440 --> 00:27:06,640
Speaker 1: future convention. You know what, George Lewis. Lewis doesn't even

471
00:27:06,680 --> 00:27:08,040
Speaker 1: know what he could be doing this week. He could

472
00:27:08,040 --> 00:27:10,359
Speaker 1: be out in mil Walkeet eating cheese cards if they

473
00:27:10,440 --> 00:27:14,320
Speaker 1: had the convention. Okay, he doesn't even know what, George, George,

474
00:27:14,440 --> 00:27:16,760
Speaker 1: let me ask you, what what do you think Republicans

475
00:27:16,840 --> 00:27:20,399
Speaker 1: are watching and learning and and and and maybe my

476
00:27:20,520 --> 00:27:25,280
Speaker 1: tweek in terms of the medium for next week, well,

477
00:27:25,600 --> 00:27:27,560
Speaker 1: I think they're gonna have to pain a contrast. And

478
00:27:27,840 --> 00:27:30,000
Speaker 1: I do think the Democrats are doing a nice job

479
00:27:30,080 --> 00:27:33,399
Speaker 1: of trying to appear centric and trying to highlight the

480
00:27:33,960 --> 00:27:37,080
Speaker 1: Republicans that that load Trump so much they want to

481
00:27:37,119 --> 00:27:38,800
Speaker 1: be for Biden. So I think they're doing a pretty

482
00:27:38,800 --> 00:27:41,480
Speaker 1: good job with that. But my problem with both both

483
00:27:41,560 --> 00:27:44,879
Speaker 1: conventions is it's basically just rallying the base at this point.

484
00:27:45,280 --> 00:27:47,960
Speaker 1: I love conventions. I think they're beautiful pep rallies and

485
00:27:47,960 --> 00:27:51,280
Speaker 1: they're great American pageantry. And if I were the Trump team,

486
00:27:51,400 --> 00:27:53,480
Speaker 1: I would have it be just wrapped in the flag

487
00:27:53,600 --> 00:27:58,040
Speaker 1: and very patriotic and very pro America, pro business, pro family,

488
00:27:58,640 --> 00:28:01,320
Speaker 1: for law enforcement, thank to that sort, but pro prope

489
00:28:01,320 --> 00:28:04,320
Speaker 1: black lives matter to not with big big b big hill,

490
00:28:04,440 --> 00:28:07,439
Speaker 1: big game, but black lives matter and all all African

491
00:28:07,480 --> 00:28:10,960
Speaker 1: Americans and every state, short and size, regardless of political affiliation,

492
00:28:11,040 --> 00:28:13,399
Speaker 1: and just be super patriotic. But I would turn again

493
00:28:13,920 --> 00:28:15,560
Speaker 1: that I think this election is gonna break in the

494
00:28:15,680 --> 00:28:18,439
Speaker 1: last thirty days and get that predictable way which way

495
00:28:18,440 --> 00:28:21,639
Speaker 1: it's gonna go. And one more comment about the comment

496
00:28:21,760 --> 00:28:23,800
Speaker 1: called that comma because because it's gonna it's what we

497
00:28:23,880 --> 00:28:25,840
Speaker 1: call the tease for the for the future. But we'll

498
00:28:25,880 --> 00:28:27,920
Speaker 1: come back with with with more from George C and

499
00:28:27,960 --> 00:28:30,160
Speaker 1: Louis Miranda, and we're gonna course talk to fed ped

500
00:28:30,200 --> 00:28:32,440
Speaker 1: foreign policy. My name is Kevin Silly Panel stays on

501
00:28:32,480 --> 00:28:35,520
Speaker 1: the Chief Washington Correspondent from Bloomberg Television of Bloomberg Radio.

502
00:28:35,560 --> 00:28:43,360
Speaker 1: You're listening to Bloomberg. This is Bloomberg Sound On with

503
00:28:43,600 --> 00:28:48,000
Speaker 1: Kevin Sirel on Bloomberg and one oh five point seven

504
00:28:48,120 --> 00:28:51,880
Speaker 1: F M h D two. My name is Kevin. It's

505
00:28:51,960 --> 00:28:56,720
Speaker 1: really I have the Chief Washington Correspondence for Bloomberg Television

506
00:28:56,760 --> 00:28:59,640
Speaker 1: and Bloomberg Radio. Not surely in Christine Barrata in the chat,

507
00:29:00,080 --> 00:29:04,040
Speaker 1: in the in the break, just keeping my energy up.

508
00:29:04,400 --> 00:29:07,640
Speaker 1: I remember, folks, you can watch all of our continuing

509
00:29:07,720 --> 00:29:10,720
Speaker 1: special coverage of not only the Democratic National Convention but

510
00:29:10,760 --> 00:29:14,720
Speaker 1: also next week's Republican National Convention on Bloomberg Television. David

511
00:29:14,760 --> 00:29:17,600
Speaker 1: Weston has been leading an all star conversation. Uh. And

512
00:29:17,600 --> 00:29:19,200
Speaker 1: we're gonna check in with one of those all stars

513
00:29:19,240 --> 00:29:21,680
Speaker 1: who's been a part of that, Rick Davis. He was

514
00:29:21,800 --> 00:29:25,360
Speaker 1: the campaign manager to now the late Senator John McCain.

515
00:29:25,440 --> 00:29:28,520
Speaker 1: So we're gonna talk to him coming up in this hour. Uh.

516
00:29:28,680 --> 00:29:30,120
Speaker 1: And I'll be there too. I'll be at the White

517
00:29:30,160 --> 00:29:33,479
Speaker 1: House all night, all tomorrow night, and of course all

518
00:29:33,560 --> 00:29:37,320
Speaker 1: throughout next week. Louis Miranda's with us Louis is former

519
00:29:37,440 --> 00:29:40,440
Speaker 1: d n C Coms director and now at Alloy where

520
00:29:40,440 --> 00:29:43,120
Speaker 1: he is the director of Comms in Politics. And George

521
00:29:43,160 --> 00:29:46,520
Speaker 1: C CEO of Annandale Capital of Texas, businessman and of course,

522
00:29:46,560 --> 00:29:51,480
Speaker 1: the former senior advisor to Marco Rubio's sixteen presidential campaign. George, I,

523
00:29:51,640 --> 00:29:53,800
Speaker 1: I had to cut you off earlier, so I wanted

524
00:29:53,840 --> 00:29:57,800
Speaker 1: you to make your your your last point. What was it? Yeah?

525
00:29:58,000 --> 00:30:04,840
Speaker 1: My my last point was basically that um Trump UH

526
00:30:05,320 --> 00:30:08,960
Speaker 1: has has definitely made his fair share of mistakes along

527
00:30:09,040 --> 00:30:11,720
Speaker 1: the way, There's no doubt about that. But I think

528
00:30:11,840 --> 00:30:15,880
Speaker 1: most Americans, and I mean a supermajority of Americans realized

529
00:30:15,920 --> 00:30:20,240
Speaker 1: just how difficult dealing with this was and how unprepared

530
00:30:20,360 --> 00:30:22,880
Speaker 1: the last three or four administrations have been for this

531
00:30:23,240 --> 00:30:26,200
Speaker 1: and in preparation. And you look at the governors of

532
00:30:26,320 --> 00:30:29,920
Speaker 1: California and New York and Texas in Florida, and they've

533
00:30:29,960 --> 00:30:31,800
Speaker 1: been fumbling around in the dark looking for the light

534
00:30:31,840 --> 00:30:34,280
Speaker 1: switch too, so I I And then you look at

535
00:30:34,400 --> 00:30:38,040
Speaker 1: advice former Vice President Biden, and he has literally been

536
00:30:38,080 --> 00:30:40,560
Speaker 1: in his basement for months, and I don't think that

537
00:30:40,840 --> 00:30:43,360
Speaker 1: that expresses great leadership be there. So I think it's

538
00:30:43,400 --> 00:30:46,000
Speaker 1: kind of a scratch on all this and how Trump

539
00:30:46,000 --> 00:30:48,800
Speaker 1: will resorts himself and and the policies he will use,

540
00:30:49,560 --> 00:30:51,800
Speaker 1: and the way that Biden presents himselves from the policies

541
00:30:51,840 --> 00:30:53,240
Speaker 1: he will try to put in place, is going to

542
00:30:53,280 --> 00:30:56,800
Speaker 1: be the defining factor in the last thirty days. I

543
00:30:56,920 --> 00:31:00,040
Speaker 1: think if you wanna, you know, hinge this election on

544
00:31:00,600 --> 00:31:03,040
Speaker 1: specific policies, I don't think that that's what's going to

545
00:31:03,120 --> 00:31:05,080
Speaker 1: be defining it. And even if it was, I think

546
00:31:05,120 --> 00:31:08,400
Speaker 1: Biden would carry the advantage. I think traditionally Democrats are

547
00:31:08,440 --> 00:31:10,760
Speaker 1: the ones who who focus a lot on on policy

548
00:31:11,440 --> 00:31:14,600
Speaker 1: um and I think that right now, if the American

549
00:31:14,640 --> 00:31:18,760
Speaker 1: people are feeling very personally the impacts of Trump's sale

550
00:31:18,840 --> 00:31:22,680
Speaker 1: leadership and look, I don't know who you're talking to Americans,

551
00:31:22,720 --> 00:31:24,600
Speaker 1: and the latest surveys that they don't approve of the

552
00:31:24,640 --> 00:31:26,800
Speaker 1: way Trump has responded to the outbreak in that. Yeah,

553
00:31:26,800 --> 00:31:28,520
Speaker 1: but then you look at those same polls, list, and

554
00:31:28,560 --> 00:31:30,600
Speaker 1: I hear you, do you look at those same polls,

555
00:31:31,120 --> 00:31:33,160
Speaker 1: and and he's still leading on the economy, which I

556
00:31:33,200 --> 00:31:36,920
Speaker 1: find fascinating even in the midst of this this economic depression.

557
00:31:37,000 --> 00:31:38,760
Speaker 1: Let me ask you this list. There's been a lot

558
00:31:38,840 --> 00:31:42,000
Speaker 1: of talk about about Joe Biden making a centrist pitch

559
00:31:42,120 --> 00:31:44,440
Speaker 1: during this convention, and you see that play out, whether

560
00:31:44,480 --> 00:31:47,560
Speaker 1: it's AOC only getting nine seconds to speak in a

561
00:31:47,760 --> 00:31:52,960
Speaker 1: in a video or even Bernie Sanders speech was in

562
00:31:53,040 --> 00:31:54,760
Speaker 1: many ways it didn't really It talked a little bit

563
00:31:54,760 --> 00:31:57,040
Speaker 1: about policy, but it was more about just defeating Trump.

564
00:31:57,360 --> 00:31:59,640
Speaker 1: But let me ask you this, does Joe Biden in

565
00:31:59,680 --> 00:32:02,160
Speaker 1: the camp pay do they risk alienating the base? I

566
00:32:02,240 --> 00:32:05,000
Speaker 1: mean because to George's point, I think a lot for

567
00:32:05,280 --> 00:32:07,480
Speaker 1: many people, their minds are made up and it's a

568
00:32:07,560 --> 00:32:12,760
Speaker 1: turnout elections. I think that you know, Biden, his campaign

569
00:32:12,760 --> 00:32:15,240
Speaker 1: has done a really good job of bringing in progressive

570
00:32:15,560 --> 00:32:17,720
Speaker 1: and uh. You know, Bernie stuck it out in part.

571
00:32:17,800 --> 00:32:20,160
Speaker 1: One of the reasons that that Alexandria Casio Cortes was

572
00:32:20,240 --> 00:32:22,560
Speaker 1: there to nominate him last night is because he didn't

573
00:32:22,640 --> 00:32:24,400
Speaker 1: drop out because he wanted to have an impact on

574
00:32:24,440 --> 00:32:27,000
Speaker 1: the platform and he did. This is the most progressive

575
00:32:27,040 --> 00:32:30,120
Speaker 1: platform for the Democrats have un front on. Uh, and

576
00:32:30,240 --> 00:32:32,280
Speaker 1: so you can do that. I think that one of

577
00:32:32,320 --> 00:32:34,840
Speaker 1: the things that's great about Joe Biden is that you

578
00:32:35,000 --> 00:32:38,680
Speaker 1: can get away from this the false alternatives that that

579
00:32:39,240 --> 00:32:42,000
Speaker 1: people try to set up in politics where you know,

580
00:32:42,120 --> 00:32:43,680
Speaker 1: you you either go to one extreme or the other.

581
00:32:43,720 --> 00:32:46,560
Speaker 1: And what he's capable of showing is that you can

582
00:32:46,600 --> 00:32:50,640
Speaker 1: be someone who governs with maturity, with the best interest

583
00:32:50,720 --> 00:32:55,880
Speaker 1: of the American people, be extremely progressive, but also be uh,

584
00:32:56,760 --> 00:32:59,400
Speaker 1: you know, overall just good for the country in a

585
00:32:59,480 --> 00:33:01,360
Speaker 1: way that unites us. And I think that's a lot

586
00:33:01,400 --> 00:33:03,120
Speaker 1: of what today is about. You have people on stage

587
00:33:03,120 --> 00:33:06,800
Speaker 1: to night, from students from Marjorie Stillman, Douglas to uh,

588
00:33:07,280 --> 00:33:10,800
Speaker 1: plenty of examples of real people who are suffering in

589
00:33:10,880 --> 00:33:14,480
Speaker 1: Trump's you know you're talking about polls, respondent say they're

590
00:33:14,600 --> 00:33:16,600
Speaker 1: very angry about the current date of the country. That's

591
00:33:16,880 --> 00:33:21,520
Speaker 1: that's not insignificant. And so I think that the Biden

592
00:33:21,600 --> 00:33:24,240
Speaker 1: camp has done a good job of bringing that together

593
00:33:24,440 --> 00:33:27,240
Speaker 1: and being able to show a much bigger tent and

594
00:33:27,320 --> 00:33:29,280
Speaker 1: a broader tent that I think for tense problems for

595
00:33:29,400 --> 00:33:32,240
Speaker 1: Donald Trump. We're gonna come back to politics coming up,

596
00:33:32,280 --> 00:33:33,960
Speaker 1: and of course the U. S. Postal Service, but I

597
00:33:34,040 --> 00:33:36,760
Speaker 1: do want to hit the economy with George. Well, well,

598
00:33:37,080 --> 00:33:40,920
Speaker 1: because there was the FED minutes came out today and uh, George,

599
00:33:40,960 --> 00:33:44,160
Speaker 1: did you see the Fed minutes? I have not yet. Well,

600
00:33:44,280 --> 00:33:46,200
Speaker 1: I want to get your take, because the U S

601
00:33:46,280 --> 00:33:49,440
Speaker 1: Central bankers they backed off from an earlier readiness to

602
00:33:49,600 --> 00:33:52,760
Speaker 1: clarify their guidance on the future path of entrance rates

603
00:33:53,160 --> 00:33:55,360
Speaker 1: when they met in July. And this according to a

604
00:33:55,440 --> 00:33:57,760
Speaker 1: record of the gathering that was released Wednesday, the Fed

605
00:33:57,840 --> 00:34:01,360
Speaker 1: minutes quote. This according to the minute quote, with regard

606
00:34:01,480 --> 00:34:05,640
Speaker 1: to the outlook for monetary policy beyond this meeting, a

607
00:34:05,840 --> 00:34:11,320
Speaker 1: number of participants noted that providing greater clarity regarding the

608
00:34:11,480 --> 00:34:15,080
Speaker 1: likely path of the target range for the federal funds

609
00:34:15,160 --> 00:34:19,120
Speaker 1: rate would be appropriate at some point. This according to

610
00:34:19,160 --> 00:34:23,120
Speaker 1: the July meeting. That's a subtle change from the previous

611
00:34:23,200 --> 00:34:27,440
Speaker 1: set of minutes, which indicating policymakers were keen to sharpen

612
00:34:27,560 --> 00:34:32,160
Speaker 1: their so called forward guidance quote at upcoming meanings end quote.

613
00:34:32,560 --> 00:34:35,320
Speaker 1: And so the next gathering is in mid September, September

614
00:34:35,400 --> 00:34:38,719
Speaker 1: fifteenth and sixteen. You know, I think this is really

615
00:34:38,840 --> 00:34:43,360
Speaker 1: fascinating because it's greater clarity on the rate path scene

616
00:34:43,440 --> 00:34:47,360
Speaker 1: appropriate at some point, but that the coronavirus pandemic is

617
00:34:47,400 --> 00:34:50,919
Speaker 1: going to weigh heavily on the economy in the near term,

618
00:34:51,320 --> 00:34:55,239
Speaker 1: so they're shifting away from their earlier readiness to clarify

619
00:34:55,440 --> 00:34:59,720
Speaker 1: guidance on the future path of interest rates, I e. Stall,

620
00:35:00,120 --> 00:35:03,719
Speaker 1: how do you interpret that, George C. Well, I would

621
00:35:03,800 --> 00:35:07,719
Speaker 1: I would intro by respectfully completely disagreeing with Lewis. I

622
00:35:08,040 --> 00:35:10,359
Speaker 1: think the country thinks everybody has done a pretty poor

623
00:35:10,440 --> 00:35:13,040
Speaker 1: job on pandemic and I think it's a scratch. And

624
00:35:13,160 --> 00:35:16,200
Speaker 1: I think that key group of voters in the last

625
00:35:16,239 --> 00:35:18,400
Speaker 1: thirty days is going to be looking at what's the

626
00:35:18,520 --> 00:35:20,600
Speaker 1: lesser of two evils here. I think the country is

627
00:35:20,640 --> 00:35:23,200
Speaker 1: completely divided, and I think the United the country is

628
00:35:23,239 --> 00:35:24,799
Speaker 1: a stretch in the next three months. It is going

629
00:35:24,840 --> 00:35:27,320
Speaker 1: to take years to do that. And on the economy,

630
00:35:27,400 --> 00:35:29,560
Speaker 1: I think they're gonna look at the economic issues and say,

631
00:35:30,440 --> 00:35:33,120
Speaker 1: do I do I want to lay say fair pro business,

632
00:35:33,280 --> 00:35:36,520
Speaker 1: less regulation government, or do I want a high regulation,

633
00:35:36,719 --> 00:35:40,800
Speaker 1: high tax government. And you're seeing signs And that's what

634
00:35:40,920 --> 00:35:43,520
Speaker 1: the fedge noting there to Kevin is that you're seeing

635
00:35:43,600 --> 00:35:46,719
Speaker 1: rumblings of inflation in the price of gold and in

636
00:35:46,800 --> 00:35:49,680
Speaker 1: commodities coming back and things of that sort of. We

637
00:35:49,880 --> 00:35:53,040
Speaker 1: we may be facing under a very pro big government,

638
00:35:53,160 --> 00:35:56,640
Speaker 1: high tax, higher high regulation government with much lower economic growth,

639
00:35:57,160 --> 00:36:00,200
Speaker 1: a return to the seventies of stagflation, where commodity ease

640
00:36:00,200 --> 00:36:02,960
Speaker 1: another process sore while the economy is stagnant. That's a

641
00:36:03,360 --> 00:36:06,600
Speaker 1: that's a miserable Remember Carter in the misery index. So

642
00:36:06,719 --> 00:36:09,520
Speaker 1: if you compare that to no matter what things about

643
00:36:09,640 --> 00:36:12,440
Speaker 1: Trump good or bad, a pro business government, I think

644
00:36:12,440 --> 00:36:14,480
Speaker 1: people are gonna look at that from an economic issue

645
00:36:14,480 --> 00:36:17,120
Speaker 1: standpoint going forward. And I think that Republicans pay everybody

646
00:36:17,160 --> 00:36:20,799
Speaker 1: as much attention and independence to issues as Democrats too.

647
00:36:21,200 --> 00:36:23,360
Speaker 1: All Right, we're gonna leave it there. Coming up panel

648
00:36:23,440 --> 00:36:26,000
Speaker 1: stays George C. Lewis Miranda and coming up next to

649
00:36:26,120 --> 00:36:30,440
Speaker 1: former camp paign manager to Senator John McCain's presidential campaign,

650
00:36:30,520 --> 00:36:32,960
Speaker 1: Rick Davis is up next. I'm Kevin Sireli, chief Washington

651
00:36:32,960 --> 00:36:35,920
Speaker 1: correspondent for Bloomberg Television and Boomberg Radio. You're listening to Bloomberg.

652
00:36:36,360 --> 00:36:41,000
Speaker 1: I want you're listening to Bloomberg. Sound On with Kevin

653
00:36:41,080 --> 00:36:45,000
Speaker 1: Currele on Bloomberg and one oh five point seven F

654
00:36:45,120 --> 00:36:47,359
Speaker 1: M h D two. It's one of the all time

655
00:36:47,480 --> 00:36:50,680
Speaker 1: great songs by Matt Kearney. You've probably never heard of him.

656
00:36:50,680 --> 00:36:53,120
Speaker 1: I grew up listening to him. I listened to him

657
00:36:53,120 --> 00:36:55,800
Speaker 1: no matter what. He's a great artist. My name is

658
00:36:55,880 --> 00:37:01,200
Speaker 1: Kevin Cereli, the chief Washington corresponding for Bloomberg Television and

659
00:37:01,239 --> 00:37:05,360
Speaker 1: Bloomberg Radio. President is set to deliver a press conference

660
00:37:05,440 --> 00:37:08,680
Speaker 1: at five within a within the half hour, I will

661
00:37:08,719 --> 00:37:12,280
Speaker 1: take you live to that if it happens. During the program,

662
00:37:12,600 --> 00:37:15,280
Speaker 1: We're also gonna talk coming up about the US Postal Service.

663
00:37:15,400 --> 00:37:19,480
Speaker 1: But hey, it's night three of the Democratic National Convention

664
00:37:19,560 --> 00:37:24,000
Speaker 1: in these virtual times, and I was thinking about how

665
00:37:24,640 --> 00:37:28,120
Speaker 1: you've got Senator Kamala Harris is gonna make her big

666
00:37:28,840 --> 00:37:31,520
Speaker 1: speech night, the most important speech, truly, folks, of her

667
00:37:31,560 --> 00:37:35,759
Speaker 1: political career. And the rumor is is that it's gonna

668
00:37:35,800 --> 00:37:38,960
Speaker 1: be It's gonna focus a lot of her autobiography. It's

669
00:37:39,000 --> 00:37:42,759
Speaker 1: an opportunity to for her to tell her story. It's

670
00:37:42,840 --> 00:37:45,520
Speaker 1: not just the country, but also to the world. I

671
00:37:45,680 --> 00:37:50,160
Speaker 1: was thinking back to another vice presidential pick speech, and

672
00:37:50,239 --> 00:37:52,680
Speaker 1: that of course with Sarah Palin. Remember that lipstick on

673
00:37:52,760 --> 00:37:57,000
Speaker 1: a pig, Remember that the hockey moms. Rick Davis remembers

674
00:37:57,040 --> 00:38:00,200
Speaker 1: it all too well. He is a partner It's own

675
00:38:00,239 --> 00:38:03,680
Speaker 1: Core Capital. Is the former campaign manager for John McCain's

676
00:38:03,719 --> 00:38:06,400
Speaker 1: two thousand and eight presidential campaign, and of course he's

677
00:38:06,400 --> 00:38:09,680
Speaker 1: a Bloomberg contributor, Rick, You've been doing great work with

678
00:38:10,400 --> 00:38:13,000
Speaker 1: our pal David Weston, who's who's been anchoring for us.

679
00:38:13,440 --> 00:38:15,919
Speaker 1: So congratulations on that you're getting a little a little

680
00:38:16,000 --> 00:38:19,600
Speaker 1: dose of my life. Thank you, Kevin, and I appreciate

681
00:38:19,719 --> 00:38:23,920
Speaker 1: taking up some of the airspace in in the Bloomberg Inc. World.

682
00:38:24,000 --> 00:38:26,000
Speaker 1: It's been a lot of fun and it's been a

683
00:38:26,080 --> 00:38:29,480
Speaker 1: real pleasure to to be reporting on the first ever

684
00:38:29,920 --> 00:38:32,920
Speaker 1: virtual convention. I think were honored to be a part

685
00:38:32,960 --> 00:38:35,439
Speaker 1: of this process. Well, it's it's really it's really weird.

686
00:38:35,680 --> 00:38:38,160
Speaker 1: Give us before we talk about what Kamala Harris has

687
00:38:38,200 --> 00:38:40,799
Speaker 1: to do tonight, give us some some some of your

688
00:38:40,920 --> 00:38:44,920
Speaker 1: memories of your recollections of Sarah Palin and that speech

689
00:38:45,040 --> 00:38:47,520
Speaker 1: and the Hockey Moms. And it was at the time

690
00:38:47,680 --> 00:38:49,799
Speaker 1: that speech and the in the twenty four hours after

691
00:38:49,920 --> 00:38:52,520
Speaker 1: it was very well received, and it came at a

692
00:38:52,600 --> 00:38:56,480
Speaker 1: time I remember when Obama and Clinton Hillary is also

693
00:38:56,520 --> 00:39:00,279
Speaker 1: going to speak tonight, had that bruising primary bat at all,

694
00:39:00,800 --> 00:39:03,240
Speaker 1: and there was this notion of where are these working

695
00:39:03,400 --> 00:39:06,640
Speaker 1: class women, where's the where where are some of these

696
00:39:06,920 --> 00:39:10,279
Speaker 1: swing voters gonna fall toward? And the thinking was that

697
00:39:10,400 --> 00:39:12,960
Speaker 1: McCain would be able to attract some of those voters

698
00:39:13,280 --> 00:39:15,400
Speaker 1: with Sarah Palin. But that speech I still think was

699
00:39:15,480 --> 00:39:18,640
Speaker 1: one of the best convention speeches that I've seen. Uh,

700
00:39:19,200 --> 00:39:22,839
Speaker 1: Sarah Palence convention speech. I thought it was a remarkable speech. Well,

701
00:39:22,880 --> 00:39:26,480
Speaker 1: and and think about this, Kevin, Nobody on our campaign

702
00:39:26,640 --> 00:39:29,520
Speaker 1: knew that the nominee for vice president was going to

703
00:39:29,640 --> 00:39:33,360
Speaker 1: be Sarah Palin until the Friday before her Thursday speech.

704
00:39:33,600 --> 00:39:37,839
Speaker 1: So less than a wow. And we rolled her out

705
00:39:37,920 --> 00:39:41,040
Speaker 1: on a Friday before our convention, and by Thursday night,

706
00:39:41,160 --> 00:39:45,920
Speaker 1: the speech writers, her, the candidate John McCain all had

707
00:39:45,960 --> 00:39:49,239
Speaker 1: to agree on the most important speech she's ever given

708
00:39:49,280 --> 00:39:53,200
Speaker 1: in her entire life in while there's a national convention

709
00:39:53,239 --> 00:39:56,160
Speaker 1: going on. U and forget the fact that that that

710
00:39:56,280 --> 00:39:59,400
Speaker 1: her entire family had to be imported into the state

711
00:39:59,640 --> 00:40:03,360
Speaker 1: from Alaska with no knowledge that she was going to

712
00:40:03,440 --> 00:40:06,480
Speaker 1: be the nominee of a national party until that Friday. Wait, wait, wait,

713
00:40:06,520 --> 00:40:08,399
Speaker 1: and I have so many questions. When did you find

714
00:40:08,440 --> 00:40:11,839
Speaker 1: out the campaign manager find out that it was talent? Well,

715
00:40:12,400 --> 00:40:15,640
Speaker 1: I knew the minute had happened. We auditioned her with

716
00:40:15,960 --> 00:40:20,840
Speaker 1: the Senator about ten days before that. Uh, we secretly

717
00:40:20,920 --> 00:40:24,400
Speaker 1: flew her into his compound in Sedona, Arizona. I was

718
00:40:24,480 --> 00:40:27,040
Speaker 1: on the phone with him before the meeting, uh and

719
00:40:27,360 --> 00:40:29,560
Speaker 1: and got on the phone with her right after the meeting.

720
00:40:29,760 --> 00:40:32,800
Speaker 1: The offer was made and accepted. We had to sneak

721
00:40:32,840 --> 00:40:35,520
Speaker 1: her out of Sedona because nobody knew that she was

722
00:40:36,320 --> 00:40:38,120
Speaker 1: she was going to be the nominee. We actually had

723
00:40:38,200 --> 00:40:43,320
Speaker 1: one of my operatives rent a minivan and get baby

724
00:40:43,400 --> 00:40:46,440
Speaker 1: on board, signs pulled down on every window so that

725
00:40:46,560 --> 00:40:48,640
Speaker 1: she could spirit her in and out of there. She

726
00:40:49,080 --> 00:40:51,120
Speaker 1: her family did not know where she was or who

727
00:40:51,200 --> 00:40:54,040
Speaker 1: she was meeting with. We then flew her that night

728
00:40:54,640 --> 00:40:58,960
Speaker 1: to Ohio and had her family flown in on a

729
00:40:59,040 --> 00:41:03,480
Speaker 1: secret plane from Alaska to meter there. And when they

730
00:41:03,600 --> 00:41:08,520
Speaker 1: got to the hotel in Ohio the night before her announcement,

731
00:41:08,600 --> 00:41:10,360
Speaker 1: they were first told that she was going to be

732
00:41:10,440 --> 00:41:15,640
Speaker 1: the vice presidential nominee. Wow. Wow, Wow is right. There

733
00:41:15,719 --> 00:41:18,200
Speaker 1: was a lot of wows associated with that campaign. But

734
00:41:18,320 --> 00:41:21,400
Speaker 1: that's I mean, what's your favorite memory of the of

735
00:41:21,520 --> 00:41:25,399
Speaker 1: the McCain convention. You know, first of all, what we're

736
00:41:25,400 --> 00:41:28,880
Speaker 1: missing this time, which is all the electricity. Um, you know,

737
00:41:29,360 --> 00:41:32,880
Speaker 1: unfortunately it's very hard for the public to understand they

738
00:41:32,960 --> 00:41:35,880
Speaker 1: see it, and it's pretty exciting on television, But we

739
00:41:36,080 --> 00:41:39,120
Speaker 1: have fifty thousand people in the hall just going crazy happy.

740
00:41:39,640 --> 00:41:42,239
Speaker 1: And I do think that one of the things Sarah

741
00:41:42,280 --> 00:41:45,719
Speaker 1: Palin did for our ticket is create a really exciting convention,

742
00:41:46,440 --> 00:41:48,880
Speaker 1: which was part of the design to unify the party

743
00:41:49,239 --> 00:41:52,239
Speaker 1: around this maverick who really had spent a lot of

744
00:41:52,320 --> 00:41:55,560
Speaker 1: his time beating up on Republicans, uh, And we wanted

745
00:41:55,560 --> 00:41:58,040
Speaker 1: to make sure that everybody left there excited and willing

746
00:41:58,080 --> 00:42:01,240
Speaker 1: to work hard to elect that ticket you uh in November.

747
00:42:01,719 --> 00:42:05,040
Speaker 1: And so it went great, and I must admit she

748
00:42:05,480 --> 00:42:08,719
Speaker 1: was cool as a cucumber under the pressure that she

749
00:42:08,840 --> 00:42:12,080
Speaker 1: was under no preparation. I mean, it was a lot

750
00:42:12,160 --> 00:42:15,120
Speaker 1: of hard work and and she pulled that speech off

751
00:42:15,239 --> 00:42:17,080
Speaker 1: like she'd been doing it her entire life. I mean

752
00:42:17,160 --> 00:42:20,960
Speaker 1: it was it was really do Regardless regardless of what

753
00:42:21,040 --> 00:42:23,960
Speaker 1: your thoughts are on on Sarah Palin, that speech is

754
00:42:24,040 --> 00:42:26,960
Speaker 1: without question, one of the one of the best convention

755
00:42:27,000 --> 00:42:29,719
Speaker 1: speeches and and and one of the best without I

756
00:42:29,840 --> 00:42:32,399
Speaker 1: would say, at least I can't think of a better

757
00:42:32,480 --> 00:42:36,200
Speaker 1: one on the vice presidential speeches, pick Um, because what

758
00:42:36,320 --> 00:42:38,120
Speaker 1: that did, I mean, it was just that that energy

759
00:42:38,200 --> 00:42:40,040
Speaker 1: that week. I mean I remember watching it. I was

760
00:42:40,120 --> 00:42:42,239
Speaker 1: in high school and uh, and I remember watching it.

761
00:42:42,320 --> 00:42:44,319
Speaker 1: I mean it was like, wow, this is a race.

762
00:42:44,800 --> 00:42:48,799
Speaker 1: So to give you an idea that that that Wednesday night, um,

763
00:42:49,040 --> 00:42:52,080
Speaker 1: just like tonight will be for the Democratic Convention. Uh,

764
00:42:52,280 --> 00:42:55,160
Speaker 1: thirty five million people watched Sarah Palin give that speech.

765
00:42:55,719 --> 00:43:00,400
Speaker 1: So far. I think the conventions, so from what I

766
00:43:00,480 --> 00:43:04,600
Speaker 1: can sell, has been hovering around twenty million people watching

767
00:43:04,880 --> 00:43:08,319
Speaker 1: Monday and Tuesday. So it'll be interesting to see if

768
00:43:08,480 --> 00:43:12,359
Speaker 1: this virtual convention can attract more eyeballs. I don't think

769
00:43:12,400 --> 00:43:15,160
Speaker 1: you can. The convention tonight. I don't think you can.

770
00:43:15,280 --> 00:43:17,680
Speaker 1: And I think that honestly, it's a wash. I think that.

771
00:43:17,920 --> 00:43:21,040
Speaker 1: I think I think that the barometer for for Senator

772
00:43:21,080 --> 00:43:24,600
Speaker 1: Harrison and Vice President Bence and whatnot is don't don't

773
00:43:24,640 --> 00:43:27,000
Speaker 1: mess up, because I think if you have if you

774
00:43:27,080 --> 00:43:28,680
Speaker 1: have a gotcha moment, or you have not a go,

775
00:43:28,920 --> 00:43:32,040
Speaker 1: if you have a fumble, you know, you miss a layup,

776
00:43:32,080 --> 00:43:33,720
Speaker 1: I think you just got to sink your free throws.

777
00:43:33,840 --> 00:43:35,920
Speaker 1: I mean I really do, because if you mess up,

778
00:43:36,239 --> 00:43:39,360
Speaker 1: that's going to be the defining moment of what people remember.

779
00:43:39,480 --> 00:43:42,000
Speaker 1: And I think that could really shake things up, but

780
00:43:42,160 --> 00:43:45,560
Speaker 1: just you know, do no harm. I think tonight, tonight

781
00:43:45,640 --> 00:43:48,320
Speaker 1: Kamala has the easiest things she's going to do between

782
00:43:48,400 --> 00:43:52,920
Speaker 1: now and in November. She gets a a certain amount

783
00:43:52,960 --> 00:43:55,560
Speaker 1: of time, whether there's thirty million minutes or more, and

784
00:43:55,800 --> 00:43:59,560
Speaker 1: she gets to talk about herself, the country, and the candidate,

785
00:44:00,040 --> 00:44:03,040
Speaker 1: Joe Biden, and and and unobstructed by any of us

786
00:44:03,680 --> 00:44:06,880
Speaker 1: uh for thirty minutes and and so like. This is

787
00:44:07,000 --> 00:44:09,759
Speaker 1: going to be a great moment for her just to

788
00:44:10,040 --> 00:44:12,640
Speaker 1: take a hard swing at the ball and hit it

789
00:44:12,719 --> 00:44:14,840
Speaker 1: as far as she can. And and I have no

790
00:44:15,000 --> 00:44:18,439
Speaker 1: doubt that her background as a prosecutor will serve her well,

791
00:44:19,040 --> 00:44:22,640
Speaker 1: you know, in attacking the current administration. Her diversity will

792
00:44:22,800 --> 00:44:25,680
Speaker 1: definitely be part of the idea of mobilizing the base

793
00:44:25,719 --> 00:44:28,399
Speaker 1: of the Democratic Party. And I think she will try

794
00:44:28,480 --> 00:44:31,080
Speaker 1: to attest to why Joe Biden as a leader for

795
00:44:31,480 --> 00:44:34,680
Speaker 1: the next four years not the past. And I think

796
00:44:34,719 --> 00:44:37,480
Speaker 1: if she can accomplish those things, she'll be off on

797
00:44:37,560 --> 00:44:39,880
Speaker 1: the right foot. We got two minutes left. So I

798
00:44:40,200 --> 00:44:42,000
Speaker 1: do want to ask you just this. I mean, do

799
00:44:42,120 --> 00:44:44,560
Speaker 1: you think do you think that the Democrats are do?

800
00:44:44,640 --> 00:44:46,680
Speaker 1: I mean, well, actually, let me go, let me ask

801
00:44:46,719 --> 00:44:51,080
Speaker 1: you this question is the final question, Cindy McCain, the widow,

802
00:44:51,120 --> 00:44:54,040
Speaker 1: of course, of of your old boss, your former boss,

803
00:44:54,080 --> 00:44:58,120
Speaker 1: Senator John McCain, for her to make an endorsement, Wow,

804
00:44:58,680 --> 00:45:02,160
Speaker 1: I mean for her to appear at the Democratic National Convention.

805
00:45:02,600 --> 00:45:04,680
Speaker 1: And do you think of the pageantry? If it wasn't virtual,

806
00:45:04,840 --> 00:45:07,319
Speaker 1: what would have happened? But wow? What was going through

807
00:45:07,360 --> 00:45:11,000
Speaker 1: your mind last night when Cindy McCain addressed this certainly

808
00:45:11,000 --> 00:45:14,560
Speaker 1: a special moment for me. I mean anytime I can

809
00:45:15,239 --> 00:45:18,520
Speaker 1: see John mccainnon sort of the the light that he

810
00:45:18,800 --> 00:45:22,480
Speaker 1: was most interested in in standing in, which was you know,

811
00:45:22,600 --> 00:45:27,239
Speaker 1: a bipartisan lightship. Uh. It was great, and and and

812
00:45:27,520 --> 00:45:31,600
Speaker 1: and and even though Cindy is not officially endorsed Biden,

813
00:45:31,800 --> 00:45:36,680
Speaker 1: she didn't hesitate to to do the overview, uh you know,

814
00:45:36,800 --> 00:45:40,600
Speaker 1: the soundtrack of that because she knew the facts, which

815
00:45:40,680 --> 00:45:43,800
Speaker 1: were that John mccainn and Joe Biden had a unique

816
00:45:43,920 --> 00:45:46,560
Speaker 1: and very personal relationship that dated back to when he

817
00:45:46,680 --> 00:45:48,320
Speaker 1: was still in the Navy. I mean, this was not

818
00:45:49,120 --> 00:45:52,360
Speaker 1: you know, sort of a business relationship in the United

819
00:45:52,360 --> 00:45:55,719
Speaker 1: States Senate. It had those appeals too, but there was

820
00:45:55,920 --> 00:45:59,200
Speaker 1: there was a long standing personal relationship and something that

821
00:45:59,280 --> 00:46:01,759
Speaker 1: the American what doesn't get a sense of in the

822
00:46:01,840 --> 00:46:05,480
Speaker 1: politics we have today, that in many ways these people

823
00:46:06,000 --> 00:46:08,680
Speaker 1: can work together even though they disagree on the issues.

824
00:46:09,120 --> 00:46:12,040
Speaker 1: Rick Davis, thanks for thanks for making time for me tonight,

825
00:46:12,120 --> 00:46:14,320
Speaker 1: and uh, we'll catch up because I didn't realize that

826
00:46:14,320 --> 00:46:16,200
Speaker 1: you were coming into the office because I've been listening

827
00:46:16,280 --> 00:46:18,399
Speaker 1: through the feet at the White House. But I will.

828
00:46:18,920 --> 00:46:21,279
Speaker 1: Let's we should grab a bite before we go back

829
00:46:21,320 --> 00:46:25,000
Speaker 1: on air. All right, Rick Davis coming up next, more

830
00:46:25,080 --> 00:46:27,800
Speaker 1: policy and politics. I'm Kevin Surley. You're listening to Wimberg.

831
00:46:31,880 --> 00:46:35,320
Speaker 1: You're listening to Bloomberg. Sound On with Kevin Surreley on

832
00:46:35,440 --> 00:46:38,920
Speaker 1: Bloomberg and one oh five point seven f m h

833
00:46:39,040 --> 00:46:43,440
Speaker 1: D two. What's everybody having for dinner tonight? I'm Kevin Surreally,

834
00:46:43,560 --> 00:46:47,400
Speaker 1: Chief Washington correspondent for Member Television and Boomberg Radio. When

835
00:46:47,440 --> 00:46:50,120
Speaker 1: I when I was a kid, my Dad's gonna be

836
00:46:50,239 --> 00:46:52,040
Speaker 1: very mad at me for telling this story. When I

837
00:46:52,200 --> 00:46:55,880
Speaker 1: was a kid, my dad would always say every morning,

838
00:46:56,200 --> 00:46:59,160
Speaker 1: so what's for dinner tonight, Kevi because he was always

839
00:46:59,160 --> 00:47:04,800
Speaker 1: thinking about the next meal. Um, kind of like me, salmon, Uh, okay,

840
00:47:05,120 --> 00:47:09,279
Speaker 1: joining us is the panel. We're very grateful for them

841
00:47:09,360 --> 00:47:11,520
Speaker 1: to be holding on for this long asign from my

842
00:47:11,560 --> 00:47:14,160
Speaker 1: favorite part of the show, What's on your Radar? George

843
00:47:14,200 --> 00:47:17,480
Speaker 1: c CEO of Van and Dale Capital. He's a Texas businessman.

844
00:47:17,600 --> 00:47:22,120
Speaker 1: Former senior advisor to Marco rubio sixteen presidential campaign. Lewis Miranda,

845
00:47:22,200 --> 00:47:25,040
Speaker 1: former d N d n C Coms Director and director

846
00:47:25,120 --> 00:47:29,440
Speaker 1: of Communications and Politics at Alloy. Uh. George, before I

847
00:47:29,480 --> 00:47:32,160
Speaker 1: asked what's on your radar, you were listening to Rick Davis.

848
00:47:32,480 --> 00:47:33,960
Speaker 1: What did you think of what he had to say

849
00:47:34,000 --> 00:47:38,279
Speaker 1: about you know, McCain and and and uh pale In

850
00:47:38,400 --> 00:47:42,400
Speaker 1: and all of that. Well, I've got several thoughts and

851
00:47:42,400 --> 00:47:44,600
Speaker 1: I'll try to make them to sink the person would

852
00:47:44,600 --> 00:47:46,400
Speaker 1: be that what's on my radar is he is right

853
00:47:46,440 --> 00:47:49,560
Speaker 1: here right now by Jesus Jones, great great back soundtrack

854
00:47:49,640 --> 00:47:55,080
Speaker 1: to And then the secondly, you know, I loved John McCain.

855
00:47:55,200 --> 00:47:58,560
Speaker 1: He was very close to my grandfather and my grandfather

856
00:47:58,680 --> 00:48:00,840
Speaker 1: was running d O D when he came back from Vietnam.

857
00:48:01,160 --> 00:48:04,520
Speaker 1: And he's a great American. But Cass Cindy Kine speaking

858
00:48:04,640 --> 00:48:07,719
Speaker 1: is no surprise with what the President said about UH,

859
00:48:07,840 --> 00:48:10,840
Speaker 1: Senator McCain, there was no love lost there, and I

860
00:48:10,920 --> 00:48:16,120
Speaker 1: think the whole McCain apparatus was a Bob Doll Reducs campaign.

861
00:48:16,200 --> 00:48:18,200
Speaker 1: It just did not go very over very well with

862
00:48:18,200 --> 00:48:20,960
Speaker 1: the American people. And you could argue Barack Obama would

863
00:48:20,960 --> 00:48:23,320
Speaker 1: have won anyway, but it just wasn't that effective a campaign.

864
00:48:24,200 --> 00:48:27,560
Speaker 1: And then, um, final, finally, I would say that that

865
00:48:27,680 --> 00:48:30,120
Speaker 1: Sarah Palin as vice president was was one of the

866
00:48:30,680 --> 00:48:33,680
Speaker 1: worst choices in modern political history. I'll never forget my

867
00:48:33,760 --> 00:48:36,439
Speaker 1: mother coming up to me three weeks later and saying,

868
00:48:36,480 --> 00:48:38,560
Speaker 1: I know you're friends with John McCain. You tell him,

869
00:48:38,600 --> 00:48:41,400
Speaker 1: I said, he, I'm offended he tried to buy my

870
00:48:41,480 --> 00:48:43,640
Speaker 1: vote by putting a woman on there who's not qualified

871
00:48:43,640 --> 00:48:48,640
Speaker 1: to be president. It was that that. It's just listen,

872
00:48:48,719 --> 00:48:50,320
Speaker 1: we do this for a living. But I mean, just

873
00:48:51,120 --> 00:48:53,880
Speaker 1: the lore of these political conventions, it's all the more

874
00:48:53,960 --> 00:48:55,960
Speaker 1: reason why I missed them. All Right, here's what's all

875
00:48:56,000 --> 00:48:58,000
Speaker 1: my radar. I'm gonna kick things off tonight because this

876
00:48:58,160 --> 00:49:01,680
Speaker 1: is important. The political fight over the Post Office might

877
00:49:01,800 --> 00:49:06,160
Speaker 1: actually create an opening for resuming stall negotiations on the

878
00:49:06,280 --> 00:49:09,800
Speaker 1: virus relief build the fiscal stimulus. I I reported this

879
00:49:09,880 --> 00:49:12,520
Speaker 1: couple of weeks ago. Folks and The reason I bring

880
00:49:12,600 --> 00:49:15,200
Speaker 1: it up is because Speaker of the House Nancy Pelosi

881
00:49:15,320 --> 00:49:18,640
Speaker 1: is suggesting that Democrats might be willing to make more

882
00:49:18,760 --> 00:49:22,160
Speaker 1: cuts to their stimulus proposal to seal a deal with

883
00:49:22,280 --> 00:49:26,839
Speaker 1: Republicans and speed COVID nineteen relief. Here's what they're gonna do. Likely,

884
00:49:26,920 --> 00:49:29,160
Speaker 1: what they're going to do, Uh, she's bring them all

885
00:49:29,200 --> 00:49:31,960
Speaker 1: back into town on Saturday to vote on a twenty

886
00:49:32,000 --> 00:49:35,560
Speaker 1: five billion dollar US Postal Service relief package. Then that's

887
00:49:35,600 --> 00:49:38,200
Speaker 1: going to be the snowball. It's gonna be the August

888
00:49:38,239 --> 00:49:42,600
Speaker 1: snowball that goes larger and larger and larger, and they're

889
00:49:42,640 --> 00:49:46,279
Speaker 1: gonna keep tacking on new money to it, and it

890
00:49:46,320 --> 00:49:48,080
Speaker 1: could get all the way up. I'm hearing to like

891
00:49:48,280 --> 00:49:53,520
Speaker 1: five hundred billion dollars. And then Speaker Pelosi is saying, Okay,

892
00:49:53,560 --> 00:49:55,000
Speaker 1: if we can get some more money for the post

893
00:49:55,719 --> 00:49:57,640
Speaker 1: postal Service, that's a win for her, that's a win

894
00:49:57,680 --> 00:50:00,759
Speaker 1: for Democrats, and Republicans are thinking, if we can just

895
00:50:00,920 --> 00:50:06,279
Speaker 1: keep this below two trillion dollars, Uh, that's a win

896
00:50:06,440 --> 00:50:10,160
Speaker 1: for them. Everybody wins. So that's why I think you're

897
00:50:10,160 --> 00:50:12,160
Speaker 1: going to see over the next ten days, based upon

898
00:50:12,200 --> 00:50:16,160
Speaker 1: the conversations that I'm having uh some major breakthroughs as

899
00:50:16,200 --> 00:50:21,640
Speaker 1: it relates to UH the fiscal stimulus. UM. Obviously, this

900
00:50:21,800 --> 00:50:25,880
Speaker 1: is you know, been a long time coming. We have

901
00:50:26,040 --> 00:50:28,600
Speaker 1: some details on what Leader McConnell would like to see.

902
00:50:29,000 --> 00:50:33,320
Speaker 1: It includes UH a hundred five billion dollars for education

903
00:50:33,360 --> 00:50:36,160
Speaker 1: as well as other incentives for small businesses and medium

904
00:50:36,200 --> 00:50:38,760
Speaker 1: sized businesses so that they can be prepared for bringing

905
00:50:38,800 --> 00:50:43,240
Speaker 1: people back to work. Bottom line, Speaker Pelosi's calling everybody

906
00:50:43,280 --> 00:50:46,719
Speaker 1: back in the House on Saturday, and it could be

907
00:50:46,840 --> 00:50:52,120
Speaker 1: the foundation for fiscal stimulus, could be, could be. That's

908
00:50:52,120 --> 00:50:55,120
Speaker 1: that's all my radar, That's what I'm watching. Louis the Joy,

909
00:50:55,200 --> 00:50:57,440
Speaker 1: who heads the US Postal Service, by the way, is

910
00:50:57,480 --> 00:51:03,160
Speaker 1: going to testify Friday, answer tomorrow Friday, and then Monday

911
00:51:03,200 --> 00:51:08,040
Speaker 1: he's over in the house. It's going to be well said.

912
00:51:09,120 --> 00:51:10,319
Speaker 1: That was gonna be a hood And look, I think

913
00:51:10,360 --> 00:51:12,040
Speaker 1: one of the things that's interesting, and I think you'll

914
00:51:12,040 --> 00:51:13,840
Speaker 1: see part of that at the night convention too, is

915
00:51:13,880 --> 00:51:15,560
Speaker 1: how all of these things come together. You know, today

916
00:51:15,640 --> 00:51:17,680
Speaker 1: there's a lot of focus on the economy, there's a

917
00:51:17,719 --> 00:51:19,760
Speaker 1: lot of focus on how a lot of these pieces

918
00:51:19,840 --> 00:51:22,960
Speaker 1: moved together. Um, you know, have no doubt that. Part

919
00:51:23,040 --> 00:51:25,520
Speaker 1: of the reason you're seeing this open up again is

920
00:51:25,560 --> 00:51:29,520
Speaker 1: also because Mitch McConnell is in a vulnerable position, uh

921
00:51:30,000 --> 00:51:33,239
Speaker 1: with with his own political survival um. And and so

922
00:51:33,440 --> 00:51:35,960
Speaker 1: even Trump's biggest allies, I think are having problems with

923
00:51:39,120 --> 00:51:42,960
Speaker 1: losing Kentucky. This even goes back to the conversation we

924
00:51:43,040 --> 00:51:45,839
Speaker 1: were having right before the break and before Rick, where

925
00:51:45,880 --> 00:51:49,640
Speaker 1: you you know, the set announcement today is a reminder

926
00:51:49,840 --> 00:51:52,160
Speaker 1: that a lot of this is tied together. And and

927
00:51:52,200 --> 00:51:57,080
Speaker 1: Trump's failed leadership on coronavirus isn't just about the hundred

928
00:51:57,120 --> 00:51:59,920
Speaker 1: and seventy thousand dead and and the fear that the

929
00:52:00,000 --> 00:52:02,440
Speaker 1: people are living with, but there's a direct economic impact

930
00:52:02,520 --> 00:52:04,000
Speaker 1: that if you really want to fix the economy, if

931
00:52:04,000 --> 00:52:05,960
Speaker 1: you want to go forward, you need leadership that don't

932
00:52:05,960 --> 00:52:09,040
Speaker 1: try to handle the pirates, uh and leadership that is

933
00:52:09,120 --> 00:52:12,160
Speaker 1: going to pull all of these different pieces together. Biden

934
00:52:12,200 --> 00:52:15,040
Speaker 1: has a lot of credibility from uh, you know, helping

935
00:52:15,080 --> 00:52:18,040
Speaker 1: with the economic recovery in two thousand two nine. That's

936
00:52:18,120 --> 00:52:20,560
Speaker 1: I think what's my radar is just how all of

937
00:52:20,640 --> 00:52:24,080
Speaker 1: these pieces really fit together, um, really well. And I

938
00:52:24,120 --> 00:52:27,279
Speaker 1: think you'll see that tonight. The puzzle Louis Miranda, the

939
00:52:27,360 --> 00:52:32,040
Speaker 1: puzzle pieces fitting together and how they leave that together virtually,

940
00:52:32,200 --> 00:52:34,120
Speaker 1: I guess we should say the pixels because it's a

941
00:52:34,200 --> 00:52:37,200
Speaker 1: virtual convention, and how all of those pieces are going

942
00:52:37,320 --> 00:52:43,160
Speaker 1: to weave together. Okay, George, what's on your radar? Well,

943
00:52:43,239 --> 00:52:46,359
Speaker 1: I would just add that that it's interesting we bring

944
00:52:46,480 --> 00:52:49,000
Speaker 1: up the Obama Biden recovery because it was the most

945
00:52:49,040 --> 00:52:52,279
Speaker 1: anemic in American history. And I would say that that

946
00:52:52,440 --> 00:52:55,600
Speaker 1: Pelosi when she brings up the postal service first, that's

947
00:52:56,160 --> 00:52:59,800
Speaker 1: that's a purely political endeavor and it's majoring in the minors.