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Speaker 1: Live from our nation's capital. This is Bloomberg Sound On.

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Speaker 1: We want to get people back to work. We've got

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Speaker 1: to be hating the path leaks. It is up to

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Speaker 1: Congress to kind of set the rules of the road.

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Speaker 1: But you have to wonder what spacebook final objective Isn't

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Speaker 1: that Bloomberg sound On politics, policy, and perspective from DC's

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Speaker 1: tough name. So they just simply reopen the economy and

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Speaker 1: returned everyone back to work, we would be I think

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Speaker 1: in a better situation today, Washington may squander it's best

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Speaker 1: chance to make long over do investments in our infrastructure.

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Speaker 1: Sloomberg Sound On with Joe Matthew on Bloomberg Radio. President

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Speaker 1: Biden is in the Eternal City, but we are still

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Speaker 1: here in the bubble where Democratic lawmakers have yet to

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Speaker 1: find enough trust to vote on infrastructure. We'll talk about

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Speaker 1: it straight ahead with Congressman Richie Torres, Democrat from New York.

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Speaker 1: Are progressive with very strong views on climate, affordable housing,

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Speaker 1: and the timing in which these bills should be handled

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Speaker 1: in the House. Our Friday Reporters round Table in place

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Speaker 1: with Bloomberg Washington Bureau Chief Peggy Collins, along with Jody Schneider,

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Speaker 1: political director from Bloomberg TV and Radio. We're gonna analyze

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Speaker 1: where we are in this whole process, what could be

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Speaker 1: coming up next week for infrastructure, and also talk about

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Speaker 1: President Biden's trip to the G twenty in Rome and

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Speaker 1: next week's You and Climate Summit in Glasgow. And later

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Speaker 1: we'll turn to the New York mayoral election. My conversations

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Speaker 1: with both candidates. Will hear from Democrat Eric Adams. Republican

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Speaker 1: Curtis Leewa Bloomberg scot Or Woodhouse, also covering the New

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Speaker 1: Jersey gubernatorial race, will join us later on It's Friday.

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Speaker 1: We're gonna end this week strong, and we start right

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Speaker 1: here in Washington, where most of the news coverage has

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Speaker 1: centered on what did not happen late yesterday, and by

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Speaker 1: that I mean a vote on the biff. Even after

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Speaker 1: President Biden rolled up to Capitol Hill with the big

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Speaker 1: framework for reconciliation, call it what you will, a three

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Speaker 1: page die documents, a plan, a framework. Progressives liked it,

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Speaker 1: but still did not move on infrastructure. And we want

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Speaker 1: to get into this a little bit now with Congressman

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Speaker 1: Richie Torres, Democrat from New York, whose district includes most

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Speaker 1: of the South Bronx and he's with us now. Congressmen,

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Speaker 1: welcome to Bloomberg Radio. It's an out of here. Much

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Speaker 1: was said yesterday about the framework issued by the White House.

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Speaker 1: What did you think about the contents as we know them?

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Speaker 1: And was it the right thing to not vote on

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Speaker 1: the bipart as an infrastructure bill last night. Look, I'm

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Speaker 1: actually more optimistic than ever. Um. You know, the President

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Speaker 1: came before the Democratic Caucus and announced that he has

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Speaker 1: a framework that is that he is confident will pass

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Speaker 1: both the Senate and the House. So we have a

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Speaker 1: clear pass forward and I'm hopeful that we're going to

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Speaker 1: pass both to by person Infrastructure Framework and the Build

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Speaker 1: Back Better Act and the weeks to come. What's your

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Speaker 1: criteria for this? Do you need to see both bills

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Speaker 1: move at the same time. Do you want to see

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Speaker 1: an actual piece of legislation for the soft infrastructure bill

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Speaker 1: before voting for the biff? What what's your view on that? Well,

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Speaker 1: the President's priority is to pass not one, but both bills,

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Speaker 1: and the President explicitly said he wants both bills to

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Speaker 1: pass and he needs our votes to both bills. And

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Speaker 1: I'm committed to voting for both of them. Um, you know,

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Speaker 1: the position of the Progressive Caucus has long been trust

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Speaker 1: but verified, and the best form of verification is an

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Speaker 1: actual vote on the Build Back Better Act in the

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Speaker 1: Senate that will guarantee the passage. Are both still that's

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Speaker 1: an important distinction, though. You want to see a vote

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Speaker 1: in the Senate as opposed to a piece of legislation

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Speaker 1: that will be voted on. I think we need to

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Speaker 1: vote for the totality of the President's agenda. Right, Neither

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Speaker 1: bill is sufficient on its own. It's the conversation of

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Speaker 1: the Build Back Better Act and the bipartisan bill that

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Speaker 1: will have a real impact in modernizing American infrastructure and

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Speaker 1: building the twenty one century social Contract. Would you like

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Speaker 1: some other progressives like to work to reinsert some components, like,

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Speaker 1: for instance, paid family leave in what would be a

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Speaker 1: final version? Or does this move forward in its current state? Okay,

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Speaker 1: I would love to see more, and I will keep

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Speaker 1: fighting for more. But if both bills came to the

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Speaker 1: Fourth for a vote, I would I would vote for

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Speaker 1: both in their present form. Can I ask you just

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Speaker 1: in terms of process here and the way these ideas

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Speaker 1: and these policies are rolled out, are you in favor

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Speaker 1: generally of a big comprehensive approach like this, or could

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Speaker 1: these have been done each in their own bill, a

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Speaker 1: paid family leave bill, a Medicare expansion bill, a childcare bill,

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Speaker 1: or would that have made it more difficult for them

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Speaker 1: all to pass with with such small majorities in the

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Speaker 1: House and Senate. The root of all evil and Washington

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Speaker 1: DC is the Philipbusters buster, Washington d C on the

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Speaker 1: Senate in particular, whole but uncomfitable, and so we had

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Speaker 1: no choice but to take a comprehensive approach in order

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Speaker 1: to go through the reconciliation process, which is exempt from

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Speaker 1: the filibuster. And we only have two bites at the apple.

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Speaker 1: We passed one bill of the American Rescue Plans of reconciliation.

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Speaker 1: This is our second bite at the apple um. So

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Speaker 1: we had no choice but to take this complimens of approach.

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Speaker 1: The alternative was not an option because it would have

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Speaker 1: died at the hands of the filibus or at the

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Speaker 1: hands of obstructionism from the Republican Party Congress. With tourists,

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Speaker 1: I know the issue of affordable housing is important to you.

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Speaker 1: The current state of reconciliation, as I understand it is

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Speaker 1: is still including the Housing Trust Fund and some other

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Speaker 1: measures designed to help support housing for low income families

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Speaker 1: and workers. Is there enough in this framework to make

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Speaker 1: this situation better in your state? Look, the latest wraps

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Speaker 1: of the Build Back Better Act makes the largest investments

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Speaker 1: in affordable housing in the history of the United States. Um,

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Speaker 1: you know, no topic matters more to me than public housing. Um,

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Speaker 1: I would not be where I am today. We're not

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Speaker 1: for public housing and the stability gave me in my family.

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Speaker 1: And public housing has been so chronically underfunded in New

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Speaker 1: York City, in particular, that it has a capital leat

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Speaker 1: of forty billion dollars in County. So I grew up

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Speaker 1: in conditions of molds and mildew, leaks and leads without

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Speaker 1: consistent needed hot water in the winter. There are children

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Speaker 1: in public housing who have been poisoned by letting their

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Speaker 1: own home. There are senior citizens who during the cold

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Speaker 1: winter are freezing in their own apartments, but their boilers

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Speaker 1: constantly breaking down. And so the latest draft of the

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Speaker 1: build Backs that are und would invest sixty five billion

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Speaker 1: dollars in public houses, which is enough resources to fundamentally

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Speaker 1: improve living conditions and end the humanitarian crisis. In public

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Speaker 1: housing in New York City and elsewhere in defensive over

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Speaker 1: what period of time would that money be spent? How

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Speaker 1: quickly could that get to work for New York? I mean,

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Speaker 1: capital improvements take time, but um, it's you know, the

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Speaker 1: process of reconciliation unfolds over a ten year heard Congressman.

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Speaker 1: I wonder how you feel about the climate provisions as well?

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Speaker 1: The clean power grid components that was hashed out, uh

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Speaker 1: for weeks and weeks did not make it into the

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Speaker 1: final version. Does this collection of policies, tax incentives and

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Speaker 1: and other incentives for evs, for instance, get this done

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Speaker 1: for you? Five and fifty five billion dollars in a

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Speaker 1: climate investment? Are you satisfied with the way that looks now? Look,

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Speaker 1: I would have loved to have seen the inclusion of

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Speaker 1: the clean Energy Performance program, but we had to remove

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Speaker 1: it from the final draft of a concession to Joe Manson,

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Speaker 1: who has veto power effectively, but more than a half

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Speaker 1: or tillion dollars in tax incentives for clean energy investment

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Speaker 1: is staggering. Um, there's no doubt in my mind that

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Speaker 1: the latest framework is going to accelerate our country's transition

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Speaker 1: to a clean energy economy which is desperately needed. Um.

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Speaker 1: You know, here in New York City we've seen not one,

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Speaker 1: but two record rainfalls and the span of a single week.

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Speaker 1: One of those record rainfalls was described as the wine

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Speaker 1: to find a good year events. I saw residents rounding

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Speaker 1: their own basement apartments from heavy flooding, motorists who had

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Speaker 1: to be evacuated from the top of their vehicles by

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Speaker 1: emergency responders on light boats, commuters who had to be

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Speaker 1: evacuated from flooded subways. So the extreme weather patterns that

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Speaker 1: have taken hold are a wake up call that we

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Speaker 1: as a country cannot be complacent about climate change, and

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Speaker 1: we have infrastructure for a world that no longer exists

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Speaker 1: and desperately needs to be upgraded. As a New Yorker,

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Speaker 1: I'd like to ask you about the vaccine mandate. This

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Speaker 1: appears to be an issue for a lot of police officers, firefighters,

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Speaker 1: even sanitation workers who are promising to refuse to take

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Speaker 1: the vaccine and and could be walking off the job

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Speaker 1: essentially on Monday. Is it possible to run a city

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Speaker 1: under those conditions? And should that mandate be in place?

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Speaker 1: There should be a mandate, and there's ample precedent for

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Speaker 1: vacuum mandate. You know, no child can enter the public

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Speaker 1: school system with an undergoing vaccination on a whole range

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Speaker 1: of infectious diseases right from pro testis to small paths

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Speaker 1: to hepatitis. So there's nothing unusual about vaccine mandate. And

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Speaker 1: in fact, we as a society, we never would have

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Speaker 1: eradicated small pots in the world we're not for vaccine mandates.

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Speaker 1: We never would have eradicated polio from the United States

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Speaker 1: where not for for vaccine mandates. So I consider vactually

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Speaker 1: mandates to be a miracle a modern medicine, and it

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Speaker 1: is profoundly irresponsible for any public servance to defy a

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Speaker 1: vaccine mandate. We're gonna have to figure out how to

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Speaker 1: make accommodations, but we have to through a combination of

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Speaker 1: incentives and mandates to steer people in the direction towards vaccination. Um.

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Speaker 1: You know, the more people we vaccinate, the closer we

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Speaker 1: are to achieving normal life again, not only in the city,

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Speaker 1: but in the country. Um, if the violence is left

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Speaker 1: to spread on checked, it's going to mutate and we

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Speaker 1: run the risk of a mutation that could have dated

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Speaker 1: the vaccine. And that's the worst case scenario, would you

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Speaker 1: consider adding a testing option to that vaccine requirement if

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Speaker 1: it meant keeping people at work. Look, it's not a

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Speaker 1: New York season interest to see a mass exodus of

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Speaker 1: municipal employees. So we're going to have to figure out

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Speaker 1: an accommodation. But I want to be crystal clear. I

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Speaker 1: support the vaccine mandate and violations of the mandate are

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Speaker 1: profoundly irresponsible as a matter of public health. Representative tour

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Speaker 1: is just to end where we started here. Do you

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Speaker 1: expect a vote on Infrastructure and Reconciliation in the next

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Speaker 1: week or are you looking more as a end of

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Speaker 1: year type of time frame. I mean, the two bills

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Speaker 1: could pass as early as next week, but I'm hopeful

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Speaker 1: that we will get it done right before Thanksgivings, so

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Speaker 1: we will have much to be grateful for. Congressman Richie Torres,

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Speaker 1: we thank you for your time today on Bloomberg. Democrat

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Speaker 1: Senator Tim Caine sees it passing sooner. Infrastructure, that is,

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Speaker 1: he talked about it in an interview today with Bloomberg's

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Speaker 1: David Weston. Yeah, here's here's my here's what my gut

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Speaker 1: tells me. Right now, I think the Infrastructure bill will

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Speaker 1: go to Biden's desk within the next ten days, and

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Speaker 1: I think the reconciliation bill will be voted on by

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Speaker 1: the Senate right before the Thanksgiving recess. Other reason to

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Speaker 1: circle Thanksgiving on the calendar coming up. We get into

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Speaker 1: all this with our Friday Reporters Roundtable. Bloomberg Washington Bureau

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Speaker 1: Chief Peggy Collins. Jody Schneider will be with us, political

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Speaker 1: director for Bloomberg TV and Radio. The fastest hour in politics,

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Speaker 1: it's called Sound On. We're glad you're with us. Stay here,

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Speaker 1: We'll check markets and traffic on the way. I'm Joe Matthew.

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

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Speaker 1: Joe Matthew on Bloomberg Radio. Headline on the terminal, Pelosi

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Speaker 1: leading talks to add drug price in Biden planned. So

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Speaker 1: this is clearly not done when we get into the

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Speaker 1: debate now with our Friday Reporters Roundtable, Jody Schneider, political

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Speaker 1: director for Bloomberg TV and Radio, is here along with

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Speaker 1: Bloomberg's brand new Washington bureau chief, Peggy Collins. Peggy, Congratulations,

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Speaker 1: We are delighted to have you at the Helm here

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Speaker 1: in Washington. I want to welcome you to Sound On.

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Speaker 1: Thanks so much for having me, absolutely Peggy. How much

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Speaker 1: actually changed yesterday is what I want to know. We

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Speaker 1: woke up to news of the framework, the president back

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Speaker 1: on the Hill. Reporters are running around town, so were lawmakers.

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Speaker 1: Well so is the president. And while progressives were happy,

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Speaker 1: this still feels, as we just talked about what the congressman,

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Speaker 1: still feels far from over. Did the White House advance

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Speaker 1: the ball or not this week? Well, I think they

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Speaker 1: clarified maybe where the ball is going um this week,

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Speaker 1: but I think there's still a lot to go because

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Speaker 1: I think there are a lot of members of Congress

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Speaker 1: who still aren't happy with where they are and how

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Speaker 1: much has been cut out of the original bill. I

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Speaker 1: think also taxes were in the forefront again this week,

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Speaker 1: and I think a lot of members of Congress on

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Speaker 1: the Democratic side are not happy with how much the

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Speaker 1: ambition of this plan as in scaled down on the

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Speaker 1: tax front. So a lot still to come there. It

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Speaker 1: was a bit of a wild week. At one point

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Speaker 1: there was um we were reporting that there was going

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Speaker 1: to be a billionaires tax. Where things really settled at

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Speaker 1: the end of this week, it looks like that that

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Speaker 1: is out and um, there's a millionaire surd tax that

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Speaker 1: it's been, but that certainly is leaving a lot of

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Speaker 1: room for the top top of the wealthiest people in

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Speaker 1: this country to still use some of the theme tax

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Speaker 1: strategies that they have used in the past. So we

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Speaker 1: have a great story out that just launched on the

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Speaker 1: terminal not too long ago this afternoon by my colleagues

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Speaker 1: been Steven Man of Laura Davison, which really walks through

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Speaker 1: you know, where we are in terms of the taxation

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Speaker 1: of the wealthiest in this country. It's amazing, Jody, we're

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Speaker 1: getting whip. Last year, he spent two days reporting on

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Speaker 1: a billionaire's tax and all of a sudden the thing

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Speaker 1: is gone. Did did Democrats make up for that loss

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Speaker 1: of the billionaires tax along with the you know, the

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Speaker 1: it was not just the tax on unrealized games, but

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Speaker 1: some of the other concepts that didn't make the cut.

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Speaker 1: Is this plan paid for? Well, that's really the question, Joe.

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Speaker 1: I think, you know, um, how paid for? Is it

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Speaker 1: might be a weather way to ask it. We really, um,

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Speaker 1: we've seen some other things that they've tossed in their um,

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Speaker 1: you know, to make up for that, but it's unclear

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Speaker 1: what will stick in the end. Uh. And that's always

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Speaker 1: the problem with these things that you come up with

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Speaker 1: a you know, a dollar figure and you and you

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Speaker 1: try to make the two sides match, and it's difficult

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Speaker 1: to do because, um, you know, there's people who don't

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Speaker 1: like the pay for the so called pay for us

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Speaker 1: and there's people who don't like, uh some of what

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Speaker 1: is in there or I don't think there's enough in there.

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Speaker 1: And that's sort of where we are right now. Um

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Speaker 1: I think it, you know, you can get there. Uh,

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Speaker 1: it depends on whether these things, you know, the math

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Speaker 1: works out. And then they're throwing things in there like

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Speaker 1: I R. S and Horseman, which we've seen in every

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Speaker 1: bill where they're looking for pay force for Oh, I

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Speaker 1: don't know more than a dozen years, right, and um,

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Speaker 1: so it's hard to know if it's totally paid for

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Speaker 1: or not. The problem they have right now the Democrats, though,

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Speaker 1: is do they have enough in there to make those

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Speaker 1: progressives happy? The deal was supposed to be Nancy Pelosi

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Speaker 1: said she wanted, but the President said he wanted was

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Speaker 1: that this gave them a framework so that the House

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Speaker 1: could go ahead and vote on that Senate Past Infrastructure

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Speaker 1: bill and give him sort of a win, and particularly

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Speaker 1: around climate um for when he gets to, you know,

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Speaker 1: the Glasgow Summit on Climate and also at the G twenty.

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Speaker 1: He didn't really get that because we haven't seen any

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Speaker 1: votes scheduled on that Senate pass bill. Some of the

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Speaker 1: Progressives are still saying they won't go there, so they've

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Speaker 1: got to sort of settle that first. I think before

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Speaker 1: they settled the total decision on the pay Force Peggy

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Speaker 1: similar situation with the climate provisions. So much stuff was

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Speaker 1: in and then all of a sudden it was out, namely, uh,

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Speaker 1: the clean energy component that would have cleaned the utility,

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Speaker 1: the power grids, the utility companies with incentives and penalties

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Speaker 1: to to use more green sourced power. I spoke a

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Speaker 1: little bit earlier today on Bloomberg Radio with the Administrator

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Speaker 1: of the e P A. Michael Reagan, to have him

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Speaker 1: kind of frame what is in this. We see five

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Speaker 1: and fifty five billion dollars, a lot of tax incentives.

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Speaker 1: Here's how he framed it. Historic investments that will not

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Speaker 1: only help us mitigate climate change and adapt to climate change,

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Speaker 1: but there are historic investments to protect public health so

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Speaker 1: there's a lot in this proposed framework, and it's too

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Speaker 1: early to tell about what the next steps would be

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Speaker 1: after this is passed. Too early to tell exactly where

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Speaker 1: it's going, Peggy, but the administration is clearly trying to

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Speaker 1: put a good shine on this. Democratic leaders on Capitol

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Speaker 1: Hill are as well. Is this an effective package of

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Speaker 1: timate change policies though, or is this kind of a

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Speaker 1: disparate collection of just what they were able to fit in. Well,

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Speaker 1: I think Johan is following on to what Jody said.

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Speaker 1: You know, the President headed off to Europe and for

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Speaker 1: the Cops Summit with the hopes of having a lot

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Speaker 1: of concrete finalized, you know, things to show, including on

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Speaker 1: climate change. I do think we are still in a

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Speaker 1: murky area, you know, talking about investments and climate change.

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Speaker 1: It's certainly something that you know, our readers of Bloomberg

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Speaker 1: have been talking about and are certainly you know, looking

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Speaker 1: towards and of course we all can see how some

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Speaker 1: of the climate issues are playing into companies bottom lines

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Speaker 1: more and more, as well as American households. But it

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Speaker 1: is unclear really where we are in terms of tangible,

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Speaker 1: concrete things that may make a difference. Having said that, though,

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Speaker 1: I mean Biden does head over to Europe with a

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Speaker 1: much different stance than than in the Trump administration. You know,

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Speaker 1: with the U s having rejoined Parish Climate Agreement, so

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Speaker 1: I think they have more leverage, but like in the

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Speaker 1: sense of attending these meetings from that standpoint, But again,

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Speaker 1: it is still unclear how much how much of the

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Speaker 1: chief that is in there is really going to hold.

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Speaker 1: We're going to get into the president's trip and what

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Speaker 1: he has to show for it coming up. But first, Jody,

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Speaker 1: real quick timeline. Does infrastructure get past next week or

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Speaker 1: are we looking again towards Thanksgiving? I think we're going

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Speaker 1: to be running around asking people those questions all next week. Joe, alright,

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Speaker 1: my dance card is full. Stay right here. We've got

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Speaker 1: Peggy and Jody for the hour. We will look ahead

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Speaker 1: to the G twenty copy right here on sound on.

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Speaker 1: That's next. I'm Joe Matthew. This is Bloomberg broadcasting live

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Speaker 1: from our nation's capital. Bloomberg to New York, Bloomberg eleven

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Speaker 1: Frio to Boston, Bloomberg one O six one does San Francisco,

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Speaker 1: Bloomberg nine sixty to the Country Serious x M General

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Speaker 1: one nine and around the globe, the Bloomberg Business app

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Speaker 1: and Bloomberg Radio dot com. This is Bloomberg's with Joe

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Speaker 1: Matthew heading on the terminal. Biden admits to McCrone that

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Speaker 1: sub deal handling was clumsy. So we're friends again, And

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Speaker 1: what's the job facing Joe Biden at the G twenty

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Speaker 1: Not to mention the UN Climate summit that we'll follow.

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Speaker 1: We'll get into it next in our Friday Reporters round Table.

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Speaker 1: Bloomberg Washington Bureau Chief Peggy Collins and Jody Schneider, political

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Speaker 1: director for Bloomberg TV and Radio with us this hour.

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Speaker 1: As President Biden spends the night in Rome after starting

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Speaker 1: his day at the Vatican and a meeting with Pope Francis.

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Speaker 1: It lasted roughly ninety minutes, according to the Pool, and

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Speaker 1: of course came with the traditional exchange of gifts, the

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Speaker 1: Pope presenting the President and First Lady with gifts that

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Speaker 1: included a ceramic tile with an etch design of Vatican City,

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Speaker 1: as well as his recent writings. The President. Biden gave

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Speaker 1: the Pope of vestment from the nineteen thirties that came

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Speaker 1: from Biden's Washington parish. The Holy Trinity Church also gave

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Speaker 1: him a presidential challenge coin. Very touching moment included the

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Speaker 1: insignia of the National Guard unit in which his son

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Speaker 1: Bo Biden served as a captain, and with it a

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Speaker 1: joke as President Biden told the Pope, if he did

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Speaker 1: not have that challenge coin with him, this is the

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Speaker 1: way it works. If he didn't have it with him,

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Speaker 1: next time they met, he said, the Pope would have

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Speaker 1: to buy the drinks. Then he added this, I'm the

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Speaker 1: only irishman you've ever met. You never had a drink,

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Speaker 1: followed by a translator and saying quote, Irish people love whiskey.

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Speaker 1: You cannot make this stuff up. And fast forward to

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Speaker 1: President Biden's first face to face meeting with French President

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Speaker 1: Emmanuel Macron. That happened a short time later, first face

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Speaker 1: to face since the submarine deal with Australia was announced,

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Speaker 1: causing outrage and aunts, Biden offering today deference to the French,

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Speaker 1: what happened, uh was, to use a English phrase, what

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Speaker 1: we did was clumsy. It was not done with a

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Speaker 1: lot of grace clumbing. I was under the impression certain

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Speaker 1: things that happened that had We turned again to our

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Speaker 1: Friday Reporters round table with Bloomberg Washington Bureau chief Peggy

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Speaker 1: Collins and the political director for Bloomberg TV and Radio,

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Speaker 1: Jody Schneider. Jody, You've covered a lot of bilots like this.

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Speaker 1: To see the President taking that posture, clearly this was

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Speaker 1: important to him. It's something he wanted to show his

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Speaker 1: cards on while the press was in the room. Is

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Speaker 1: this now over well? I think it's certainly helped men things.

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Speaker 1: This really was, Joe, the culmination of six weeks of

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Speaker 1: diplomacy trying to get this alliance back on track after

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Speaker 1: obviously Australia decided to cancel this sixty six billion dollar

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Speaker 1: submarine contract with France and the French were surprised by

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Speaker 1: that and pulled their embass for a while and it

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Speaker 1: was messy. So I think this is the start of that.

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Speaker 1: I don't know that you know, all is forgiven overnight,

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Speaker 1: but certainly to do this on the sidelines before the

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Speaker 1: G twenty, you know, actually gets into full swing was

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Speaker 1: was was a smart diplomatic idea by Biden, and coming

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Speaker 1: after with the Pope, it really kind of sensed this

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Speaker 1: signal that I'm trying to do the right things right,

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Speaker 1: We're trying here, Peggy. As I read in the piece

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Speaker 1: from Jennifer Epstein and Justin Sink our White House team,

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Speaker 1: the French president signaled the dust up may be settled,

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Speaker 1: but it's important to prevent a similar flap in the future.

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Speaker 1: He needs to say that for his own people as well.

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Speaker 1: Is this smoothed out now, Peggy? I agree with Jody.

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Speaker 1: I think it went a long way. I think one

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Speaker 1: of the things that the French probably were wanting to

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Speaker 1: get across is, you know, you can't take you can't

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Speaker 1: count your friends and allies, um, you know, or take

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Speaker 1: them for granted, really, you know. And I think, as

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Speaker 1: Biden said today and acknowledge, you know in Amapa like

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Speaker 1: this was something that was clumsy, and I think it

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Speaker 1: was he was trying to signal that they're going to

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Speaker 1: um take more attention and be more careful in the

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Speaker 1: future to make sure that, you know, the relations between

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Speaker 1: our strongest allies are are strong. So it's onto G

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Speaker 1: twenty and then it's on to copy. These are two

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Speaker 1: important summits for this White House as President Biden tries

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Speaker 1: to fulfill the whole US America is back mantra and

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Speaker 1: I want to go back to our conversation today a

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Speaker 1: little bit earlier today with the administrator of the e

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Speaker 1: p A, Michael Reagan, I say that because climate was

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Speaker 1: such a big part of this right, he was supposed

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Speaker 1: to bring progress not only to the U N Summit,

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Speaker 1: but also to the G twenty to show that America

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Speaker 1: and democracy we're working. I asked the e p A

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Speaker 1: administrator what the President will have to show the world

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Speaker 1: leaders when this all begins. President will tell the world

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Speaker 1: that billion dollars dedicated to mitigating climate change is what

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Speaker 1: is central to the flame work, and he's confident that

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Speaker 1: in his conversations with both Congress in the Senate that

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Speaker 1: it will get through and he's awaiting that on his

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Speaker 1: debt Jody Schneider, that's the view of the administration. Will

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Speaker 1: that be the view of world leaders? Is this enough? Well,

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00:24:15,240 --> 00:24:18,720
Speaker 1: that's really the question, and whether they see a framework

433
00:24:19,320 --> 00:24:22,520
Speaker 1: UH as as a deal. Um, you know, I think

434
00:24:22,560 --> 00:24:27,160
Speaker 1: that obviously Biden would have preferred, and the administration kept saying,

435
00:24:27,240 --> 00:24:29,560
Speaker 1: we want to go to the world and say, you know,

436
00:24:29,640 --> 00:24:33,200
Speaker 1: we have something to show for this uh and um,

437
00:24:33,240 --> 00:24:36,560
Speaker 1: you know COP twenty this means they've been twenty six

438
00:24:36,600 --> 00:24:39,320
Speaker 1: of these before five of these before this is the

439
00:24:39,800 --> 00:24:42,760
Speaker 1: six and if they want real progress to be made,

440
00:24:42,760 --> 00:24:47,720
Speaker 1: they're going to have to have definitive, actionable um, you know, legislation.

441
00:24:47,920 --> 00:24:51,240
Speaker 1: So I think there probably will be some skepticism. But

442
00:24:51,359 --> 00:24:54,600
Speaker 1: again Joe Biden is saying we are back, we are

443
00:24:54,840 --> 00:24:57,400
Speaker 1: wanting to work with these other countries, which also goes

444
00:24:57,440 --> 00:25:01,000
Speaker 1: a long way given that the you know, the very

445
00:25:01,040 --> 00:25:04,800
Speaker 1: different kind of approach his predecessor, Donald Trump had I

446
00:25:04,800 --> 00:25:07,040
Speaker 1: guess the French would call it a cadre right instead

447
00:25:07,080 --> 00:25:10,760
Speaker 1: of a framework. Thanggy, what do you think about that?

448
00:25:10,800 --> 00:25:13,160
Speaker 1: I mean, we we're having trouble getting our heads around

449
00:25:13,160 --> 00:25:16,119
Speaker 1: it here in Washington. Does this matter as much or

450
00:25:16,200 --> 00:25:17,800
Speaker 1: we just too deep in the weeds here? Does it

451
00:25:17,880 --> 00:25:21,520
Speaker 1: matter as much to copy or does President Biden say,

452
00:25:21,640 --> 00:25:24,119
Speaker 1: look at it's a half trillion dollars here, it's a

453
00:25:24,240 --> 00:25:28,879
Speaker 1: major investment, you know. I think, as j D was saying,

454
00:25:29,000 --> 00:25:32,240
Speaker 1: the COP twenty six is about more of a test

455
00:25:32,400 --> 00:25:36,040
Speaker 1: than just for Biden, the Biden administration and the US.

456
00:25:36,160 --> 00:25:38,679
Speaker 1: I think it's important, but I do think there's a

457
00:25:38,760 --> 00:25:42,760
Speaker 1: huge like antestation versus reality question going on for all

458
00:25:42,840 --> 00:25:45,520
Speaker 1: the world. The lead that are headed to Glasgow about

459
00:25:45,520 --> 00:25:47,840
Speaker 1: how much can they really do and how much hope

460
00:25:47,880 --> 00:25:50,480
Speaker 1: can they provide to the developing world on that front

461
00:25:50,520 --> 00:25:52,560
Speaker 1: as well, And so I think there's a high bar.

462
00:25:52,600 --> 00:25:54,920
Speaker 1: And I think also you know, you're mentioning the G

463
00:25:55,080 --> 00:25:59,119
Speaker 1: twenty as well happening, and that I do think is

464
00:25:59,160 --> 00:26:02,359
Speaker 1: really important for Biden and Yellen too. I mean, we

465
00:26:02,359 --> 00:26:05,800
Speaker 1: were talking about the move that happened this week related

466
00:26:05,840 --> 00:26:10,240
Speaker 1: to our domestic tax plans and proposals, but there's a

467
00:26:10,280 --> 00:26:13,199
Speaker 1: global minimum tax fil that is hanging out there that

468
00:26:13,320 --> 00:26:16,240
Speaker 1: Yellen is really you know, tasked with trying to close

469
00:26:16,320 --> 00:26:19,560
Speaker 1: the deal on with other world leaders this weekend and

470
00:26:19,640 --> 00:26:24,719
Speaker 1: this week as well, Global minimum corporate tax. Peggy Collins,

471
00:26:24,800 --> 00:26:27,680
Speaker 1: I'm delighted you could join us and Jody of course

472
00:26:27,720 --> 00:26:30,040
Speaker 1: part of the family here at sound On. Jody Schneider,

473
00:26:30,080 --> 00:26:32,840
Speaker 1: many thanks for being part of our Friday Reporters round table.

474
00:26:33,440 --> 00:26:36,240
Speaker 1: Coming up, we turned back to election day. This is Bloomberg.

475
00:26:37,800 --> 00:26:42,120
Speaker 1: You're listening to Bloomberg Sound On with Joe Matthew on

476
00:26:42,320 --> 00:26:47,680
Speaker 1: Bloomberg Radio. Bloomberg sound On has brought to you by

477
00:26:47,920 --> 00:26:51,520
Speaker 1: s EI Crises bring out the best in feeble character,

478
00:26:51,840 --> 00:26:55,480
Speaker 1: community partnership together as one, se I go to s

479
00:26:55,520 --> 00:27:00,439
Speaker 1: E i C dot com slash I m S. The

480
00:27:00,520 --> 00:27:03,760
Speaker 1: deadline just passed for municipal workers in New York to

481
00:27:03,840 --> 00:27:06,760
Speaker 1: prove they got the job at least one vaccination shot

482
00:27:07,600 --> 00:27:12,000
Speaker 1: or unpaid leave. This policy from mayor to Blasio has

483
00:27:12,040 --> 00:27:15,719
Speaker 1: been very controversial. As you might suspect, a quarter of

484
00:27:16,000 --> 00:27:21,680
Speaker 1: municipal workers that includes police, firefighters, even sanitation workers refusing

485
00:27:22,280 --> 00:27:25,040
Speaker 1: to take the shot could cause some big interruptions come

486
00:27:25,080 --> 00:27:27,640
Speaker 1: Monday morning. It's become a big issue in the race

487
00:27:27,680 --> 00:27:30,440
Speaker 1: for mayor and ahead of Tuesday's election. I talked about

488
00:27:30,520 --> 00:27:33,640
Speaker 1: it with both candidates, Democrat Eric Adams, the current Brooklyn

489
00:27:33,640 --> 00:27:37,440
Speaker 1: Borough President, and Republican Curtis Sleiva, founder of the group

490
00:27:37,440 --> 00:27:39,560
Speaker 1: The Guardian Angels, the Neighborhood Watch Group. And I want

491
00:27:39,560 --> 00:27:41,760
Speaker 1: to note here to be clear, I spoke with both

492
00:27:41,760 --> 00:27:45,240
Speaker 1: of them before the FDA formally authorized the Fiser vaccine

493
00:27:45,600 --> 00:27:47,560
Speaker 1: for young kids, because I do ask them about how

494
00:27:47,560 --> 00:27:51,360
Speaker 1: this should be handled in schools. Let's start right now

495
00:27:51,400 --> 00:27:55,840
Speaker 1: with Republican Curtis Sliwa. Look, we had the perfect common

496
00:27:55,920 --> 00:27:59,639
Speaker 1: sense approach. If you couldn't be vaccinated, wouldn't be vaccinated?

497
00:27:59,680 --> 00:28:03,800
Speaker 1: Thought and antibodies UH meant you didn't have to be vaccinated,

498
00:28:04,080 --> 00:28:06,639
Speaker 1: test them once a week. They were doing that. But

499
00:28:07,560 --> 00:28:10,399
Speaker 1: the mayor on his way out, like Michael Corleoner, is

500
00:28:10,440 --> 00:28:13,840
Speaker 1: trying to settle all scores. As a result, we will

501
00:28:13,880 --> 00:28:18,360
Speaker 1: not have police, fire department, sanitation personnel. I'm joining them

502
00:28:18,400 --> 00:28:22,159
Speaker 1: today outside of Grace the Mansion because this is an outrage.

503
00:28:22,240 --> 00:28:25,160
Speaker 1: Where is the humanity? We're gonna fire these men and women,

504
00:28:25,359 --> 00:28:28,800
Speaker 1: essential workers, heroes when in the midst of the lockdown

505
00:28:28,800 --> 00:28:31,560
Speaker 1: and pandemic, they with their lives. They gave their lives.

506
00:28:31,960 --> 00:28:34,520
Speaker 1: Now we're gonna fire them, furlough them. That means they

507
00:28:34,560 --> 00:28:37,560
Speaker 1: can't get another job and they won't be able to

508
00:28:37,600 --> 00:28:41,239
Speaker 1: get unemployment. How is how does that make sense? So

509
00:28:41,280 --> 00:28:47,400
Speaker 1: when I'm elect for things vaccine has approved for young children, right,

510
00:28:47,480 --> 00:28:50,240
Speaker 1: we roll back to mandates and we get the workers

511
00:28:50,240 --> 00:28:52,360
Speaker 1: back and we give them back pay for children. I

512
00:28:52,440 --> 00:28:55,360
Speaker 1: have three children in the public school system. I want

513
00:28:55,400 --> 00:28:58,560
Speaker 1: them vaccinated. But we're not gonna kick kids out of

514
00:28:58,560 --> 00:29:02,840
Speaker 1: school because for various reasons, parents don't want them vaccinated.

515
00:29:03,000 --> 00:29:05,440
Speaker 1: You sit down, you get the parents involved, You try

516
00:29:05,480 --> 00:29:08,280
Speaker 1: to convince them that the children should be vaccinated. We

517
00:29:08,400 --> 00:29:10,760
Speaker 1: just kind them back into the public school rooms after

518
00:29:10,840 --> 00:29:14,400
Speaker 1: a year and a half of them playing Fortnite and roadblocks,

519
00:29:14,560 --> 00:29:16,440
Speaker 1: and now we want to take kids out of school.

520
00:29:17,320 --> 00:29:22,760
Speaker 1: That men's words Republican Curtis Leo with the Michael Corleone reference. Now,

521
00:29:22,800 --> 00:29:27,520
Speaker 1: I asked the very same question of Democratic candidate Eric Adams.

522
00:29:27,760 --> 00:29:31,720
Speaker 1: What the mayor must do and I encourage them to

523
00:29:31,800 --> 00:29:34,720
Speaker 1: do if you sit down with the union members use

524
00:29:34,800 --> 00:29:38,440
Speaker 1: the term credible messengers. Uh, they are the credible messengers

525
00:29:38,480 --> 00:29:41,760
Speaker 1: for their members to find out what out of hurdles.

526
00:29:41,760 --> 00:29:45,640
Speaker 1: We have heard the union state often that they believe

527
00:29:45,680 --> 00:29:48,400
Speaker 1: this should be a contractual conversation. It doesn't mean it

528
00:29:48,440 --> 00:29:51,160
Speaker 1: actually take months. Uh. Something that we could do now,

529
00:29:51,720 --> 00:29:54,080
Speaker 1: and I think at this time is the mayor's call

530
00:29:54,240 --> 00:29:59,280
Speaker 1: to make their right decision. I believe the vaccines are

531
00:29:59,520 --> 00:30:02,480
Speaker 1: one of the as potent weapons against COVID. It's going

532
00:30:02,560 --> 00:30:04,640
Speaker 1: to be here a long time, and we could do

533
00:30:04,680 --> 00:30:06,440
Speaker 1: it in a manner that we can reach the finish

534
00:30:06,480 --> 00:30:09,720
Speaker 1: line together. We understand about a quarter of city workers

535
00:30:09,720 --> 00:30:12,280
Speaker 1: have not received a shot. Eric. Is it possible to

536
00:30:12,400 --> 00:30:14,400
Speaker 1: run a city with that many people off the job.

537
00:30:16,400 --> 00:30:18,720
Speaker 1: I know it's not, but you know we are resilient

538
00:30:18,800 --> 00:30:21,120
Speaker 1: as a city and I don't think we have to

539
00:30:21,160 --> 00:30:23,680
Speaker 1: get to that place. I believe that there's a real

540
00:30:23,720 --> 00:30:27,560
Speaker 1: opportunity here. There has been a trend in the last

541
00:30:27,640 --> 00:30:32,800
Speaker 1: few uh hours where the numbers have up kicked, and

542
00:30:32,880 --> 00:30:35,240
Speaker 1: I think that we should see this as a real win.

543
00:30:35,440 --> 00:30:39,360
Speaker 1: A thought thor and thought of the opportunities, and let's

544
00:30:39,360 --> 00:30:42,720
Speaker 1: sit down and come to a conclusive. Our city workers

545
00:30:42,760 --> 00:30:46,200
Speaker 1: want to see the city move forward in the right direction. Uh.

546
00:30:46,240 --> 00:30:48,200
Speaker 1: They're the heroes and heralds of the city. And I

547
00:30:48,240 --> 00:30:51,120
Speaker 1: think that a good conversation can all have all of

548
00:30:51,200 --> 00:30:53,800
Speaker 1: us take a deep breath if we if we move

549
00:30:53,920 --> 00:30:57,760
Speaker 1: past the loud talk, you'll see that we're all saying

550
00:30:57,800 --> 00:30:59,960
Speaker 1: the same things. And I think we should get there together.

551
00:31:00,880 --> 00:31:03,520
Speaker 1: How would you treat schools once a vaccine is available

552
00:31:03,560 --> 00:31:05,560
Speaker 1: for young kids? Would there be a mandate for them

553
00:31:05,560 --> 00:31:09,520
Speaker 1: as well? UM, I am clear that we're going to

554
00:31:09,560 --> 00:31:14,040
Speaker 1: follow this science. I believe this imperative to listen to

555
00:31:14,080 --> 00:31:17,960
Speaker 1: the Department of Health and Mental HIGI, our healthcare professionals,

556
00:31:17,960 --> 00:31:22,320
Speaker 1: the cdc UH. We should not allow these policies to

557
00:31:22,400 --> 00:31:26,800
Speaker 1: be based on our emotions or philosophical beliefs. If the

558
00:31:26,880 --> 00:31:30,080
Speaker 1: science is saying that we should put in place a mandate.

559
00:31:30,160 --> 00:31:32,680
Speaker 1: Then I say, let's do it. Let's speak with the parents,

560
00:31:32,720 --> 00:31:35,560
Speaker 1: Let's give them the understanding. There it is Adams and

561
00:31:35,680 --> 00:31:38,640
Speaker 1: Sliwa on Bloomberg sound on. I want to mention before

562
00:31:38,680 --> 00:31:42,440
Speaker 1: we bring in Scotter Woodhouse for more on this. Curtis

563
00:31:42,480 --> 00:31:44,520
Speaker 1: Leewa was hit by a car today. He was hit

564
00:31:44,560 --> 00:31:49,080
Speaker 1: by a yellow cab in the middle of Manhattan, and

565
00:31:49,160 --> 00:31:51,480
Speaker 1: we have an update on his condition. As I read,

566
00:31:51,520 --> 00:31:54,920
Speaker 1: Curtis has been diagnosed with a fractured left arm, which

567
00:31:54,960 --> 00:31:58,120
Speaker 1: requires a sling. In addition, he has swelling on his

568
00:31:58,240 --> 00:32:02,040
Speaker 1: left knee which will require an east bandage. Very specific.

569
00:32:03,040 --> 00:32:06,720
Speaker 1: There is no internal bleeding. He's currently being fit into

570
00:32:06,800 --> 00:32:10,560
Speaker 1: a sling. He might not feel great when he gets

571
00:32:10,600 --> 00:32:14,440
Speaker 1: up tomorrow. Let's bring in Bloomberg. Scotter Woodhouse has promise

572
00:32:14,480 --> 00:32:17,000
Speaker 1: been covering the New York mayoral race along with the

573
00:32:17,040 --> 00:32:20,720
Speaker 1: New Jersey Governor's race. Skylar, It's great to have you.

574
00:32:20,840 --> 00:32:26,040
Speaker 1: Is this already decided? Um, that's a very just very

575
00:32:26,080 --> 00:32:29,400
Speaker 1: good question. UM. I think overwhelming lead for Eric Adams.

576
00:32:30,520 --> 00:32:34,120
Speaker 1: I mean so for the mayoral race in New York City. Um,

577
00:32:34,160 --> 00:32:36,960
Speaker 1: everyone has been saying that you know Eric Adams really

578
00:32:36,960 --> 00:32:40,040
Speaker 1: has a clear shot at winning here. Um, it will

579
00:32:40,120 --> 00:32:43,120
Speaker 1: be very you know, surprising. It will be a great

580
00:32:43,120 --> 00:32:45,920
Speaker 1: shock too. I think everyone you know, critically well you know,

581
00:32:46,200 --> 00:32:49,120
Speaker 1: was able to kind of pull through and when the election.

582
00:32:49,440 --> 00:32:51,520
Speaker 1: But you know, obviously we'll have to wait to see

583
00:32:51,560 --> 00:32:54,600
Speaker 1: what the results are. But Eric Adams is still you know,

584
00:32:54,680 --> 00:32:57,880
Speaker 1: really pulling forward and it looks like he will you know,

585
00:32:58,200 --> 00:33:02,640
Speaker 1: take the race home. Overwhelming turnout in the latest poll

586
00:33:02,680 --> 00:33:04,720
Speaker 1: that I saw, the Emerson College poll that was out

587
00:33:04,760 --> 00:33:07,880
Speaker 1: before their debate earlier this week. That same poll also

588
00:33:07,960 --> 00:33:12,000
Speaker 1: showed that most people most voters believe crime is the

589
00:33:12,080 --> 00:33:15,840
Speaker 1: number one issue in this race. They both have different

590
00:33:15,880 --> 00:33:18,720
Speaker 1: angles on this. I asked them both about it. Does

591
00:33:18,720 --> 00:33:21,440
Speaker 1: one seemed to be resonating more than another, specifically when

592
00:33:21,480 --> 00:33:23,440
Speaker 1: it comes to crime. This is something courtis Lee has

593
00:33:23,440 --> 00:33:27,360
Speaker 1: been talking about his whole career, making the subway safe. Yeah,

594
00:33:27,400 --> 00:33:30,640
Speaker 1: I mean crime has definitely been rising, you know in

595
00:33:30,680 --> 00:33:33,360
Speaker 1: the city. I mean back during the primaries, I mean,

596
00:33:33,480 --> 00:33:35,520
Speaker 1: all the candidates where you know, prime is the number

597
00:33:35,560 --> 00:33:37,840
Speaker 1: one issue, voters were right and trying about crime, and

598
00:33:37,880 --> 00:33:42,000
Speaker 1: it seems like crime it's just really continued to increase. So,

599
00:33:42,440 --> 00:33:46,680
Speaker 1: you know, both candidates have some sort of policing background,

600
00:33:46,760 --> 00:33:48,760
Speaker 1: and have you been able to kind of say this

601
00:33:48,800 --> 00:33:50,080
Speaker 1: is what we're going to do and this is how

602
00:33:50,080 --> 00:33:52,080
Speaker 1: we're going to do it. I mean Eric Adham, you know,

603
00:33:52,920 --> 00:33:55,400
Speaker 1: he has used the fact that he was you know,

604
00:33:55,480 --> 00:33:58,880
Speaker 1: in the forest for almost like twenty years, and he said,

605
00:33:58,920 --> 00:34:00,520
Speaker 1: you know, we're that we're going and it's a point

606
00:34:00,520 --> 00:34:03,800
Speaker 1: work top um, and you know, we're going to get

607
00:34:03,840 --> 00:34:05,880
Speaker 1: the street safe again, because he's made the point that

608
00:34:06,440 --> 00:34:09,880
Speaker 1: if the streets aren't safe, then companies aren't going to

609
00:34:10,200 --> 00:34:12,399
Speaker 1: want to do business in the city, or if they're

610
00:34:12,400 --> 00:34:14,400
Speaker 1: not already here in the city, moved into the city

611
00:34:14,680 --> 00:34:16,960
Speaker 1: and start their business. I just love the sound of

612
00:34:16,960 --> 00:34:18,960
Speaker 1: the sirens behind you as you talk about crime in

613
00:34:19,000 --> 00:34:23,759
Speaker 1: the city. Schottler, this is it's all good. Okay. So

614
00:34:23,840 --> 00:34:26,480
Speaker 1: that's Tuesday, New York. Talked to us quickly about New

615
00:34:26,560 --> 00:34:30,240
Speaker 1: Jersey while you're with us, because I've seen polls showing

616
00:34:30,560 --> 00:34:35,360
Speaker 1: uh the governor, Governor Murphy uh and Shitta Relly essentially tied.

617
00:34:35,880 --> 00:34:38,160
Speaker 1: There's another one that shows Murphy with a nine point

618
00:34:38,239 --> 00:34:40,319
Speaker 1: lead right now in the final days of the governor's race.

619
00:34:40,360 --> 00:34:42,360
Speaker 1: Are these are these noisy numbers or do we have

620
00:34:42,400 --> 00:34:46,200
Speaker 1: a trend here? You know, I think as well, people

621
00:34:46,239 --> 00:34:49,640
Speaker 1: expect the governor Murphy to you know, get that second term.

622
00:34:49,719 --> 00:34:52,680
Speaker 1: And if he, if he were to secure a second term,

623
00:34:52,800 --> 00:34:56,320
Speaker 1: he will be the first Democrat and basically and nearly

624
00:34:56,360 --> 00:34:59,680
Speaker 1: like four decades to have a second term as governor

625
00:34:59,719 --> 00:35:02,160
Speaker 1: in this of New Jersey. So you know, that's kind

626
00:35:02,200 --> 00:35:04,719
Speaker 1: of going for him right now. Um, I think for

627
00:35:04,880 --> 00:35:09,040
Speaker 1: Chedder reality it's a bit challenging because you know, he

628
00:35:09,160 --> 00:35:12,960
Speaker 1: has just distanced himself from President Trumps a little bit.

629
00:35:13,120 --> 00:35:16,080
Speaker 1: But you know, I think it's he's been kind of

630
00:35:16,080 --> 00:35:19,240
Speaker 1: compared to how will he served as a Republican governor

631
00:35:19,280 --> 00:35:22,320
Speaker 1: when we're seeing what's coming out of Florida and Texas,

632
00:35:22,840 --> 00:35:25,400
Speaker 1: um and New Jersey is such a heavily democratic state

633
00:35:25,480 --> 00:35:29,440
Speaker 1: that it is in Murphy's favor. But again, we'll just

634
00:35:29,440 --> 00:35:31,920
Speaker 1: have to wait and see what really happened. It's a

635
00:35:31,920 --> 00:35:34,279
Speaker 1: great point New Jersey has not reelected a Democrat for

636
00:35:34,360 --> 00:35:37,719
Speaker 1: governor in four decades. It's a remarkable point of trivia here.

637
00:35:37,719 --> 00:35:41,440
Speaker 1: But New Jersey scottar also has a million more Democratic

638
00:35:41,480 --> 00:35:44,319
Speaker 1: than Republican voters. Joe Biden won the state by more

639
00:35:44,360 --> 00:35:48,680
Speaker 1: than sixteen points. If Governor Murphy loses to Jack Chitarelli,

640
00:35:48,880 --> 00:35:52,080
Speaker 1: what does that say about the state of the Democratic Party. Yeah,

641
00:35:52,160 --> 00:35:54,400
Speaker 1: And some people that I've spoken with, it's almost like,

642
00:35:54,440 --> 00:35:56,920
Speaker 1: you know, they say, you know, they say so. Also

643
00:35:56,960 --> 00:35:59,320
Speaker 1: when you look at New Jersey, like boo, their senators

644
00:35:59,320 --> 00:36:02,279
Speaker 1: are both Democrat the state senators, so you know, they

645
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Speaker 1: say it's a very democratic state. Only you know, democratic

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Speaker 1: senators are elected, but we'll have a Republican governors here

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Speaker 1: and there. So I think for like the culture of

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Speaker 1: New Jersey, it might not be too shocking to people

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Speaker 1: from what they've seen in the past four decades. Um.

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Speaker 1: You know, some people might just be thinking, oh, that

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Speaker 1: heat that Jack generally is going to win, because that's

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Speaker 1: been the trend um for how things have just been

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Speaker 1: in the state for like I said, four decades. But

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Speaker 1: I think we'll have to wait and see. And I

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Speaker 1: think also no one really knows what to expect from

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Speaker 1: a second term Democrat as governor in the state of

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Speaker 1: New Jersey because it hasn't happened in so long. So Democrats,

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00:36:42,440 --> 00:36:44,719
Speaker 1: you know, they vote their knowmes to vote on the

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Speaker 1: early side and publicly go out on election day, so

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Speaker 1: We'll have to see what happens with that race so close, Scott,

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Speaker 1: are both candidates out on the stump this weekend? You've

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00:36:52,680 --> 00:36:56,000
Speaker 1: got a busy weekend ahead. Yes, they are out. They're out,

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Speaker 1: and they're out and about there, you know, making their rounds.

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Speaker 1: They're trying to snag those final votes, um, you know

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Speaker 1: for people that are might be undecided or who are

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Speaker 1: you know, independent, So they're definitely doing everything that they

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Speaker 1: can to secure those final votes so that way, you know,

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Speaker 1: they can stay there the next governor. Yes, indeed, skylar Woodhouse,

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Speaker 1: Bloomberg skyler Woodhouse covering both of these races. We thank

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00:37:20,760 --> 00:37:23,759
Speaker 1: you for the insights on this Friday, and thank you

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00:37:23,800 --> 00:37:26,080
Speaker 1: for spending some time with us on the fastest hour

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00:37:26,200 --> 00:37:30,359
Speaker 1: in politics. It really is, where does it go? I

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00:37:30,360 --> 00:37:33,279
Speaker 1: hope the weekend doesn't go that fast. Don't forget to

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00:37:33,360 --> 00:37:35,680
Speaker 1: get the candy out for the kids, and if you

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00:37:35,719 --> 00:37:39,120
Speaker 1: know what you're doing, full size candy bars. Happy Halloween.

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Speaker 1: I'm Joe Matthew. This is Bloomberg