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Speaker 1: Why from our nation's 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 candidates for different victims.

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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 nine one and one oh five point

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Speaker 1: seven f m h D two. President Trump says he

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Speaker 1: will not participate in a virtual debate. Joe Biden says

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Speaker 1: he will take questions from voters. This is the debate

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Speaker 1: Commission says next week's Miami debate has to go virtual

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Speaker 1: to fall out. Meanwhile, a total recap and spinning it

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Speaker 1: forward of last night's VP debate lots to get through

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Speaker 1: all of that, plus more volatility in the markets. And

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Speaker 1: the latest on a fiscal stimulus bill. All, I guess

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Speaker 1: we should stop calling it that an airline package bill.

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Speaker 1: Let's start. Let's start with the debate and no I'm

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Speaker 1: not talking about the one here in Salt Lake City

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Speaker 1: last night, the one next week in Miami. Did you

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Speaker 1: see all the drama? So this morning, I'm standing outside

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Speaker 1: of the University of Utah getting ready to recap for

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Speaker 1: Tom John and Lisa on Bloomberg surveillance about Senator Harris

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Speaker 1: and Vice President Pets and then all of a sudden,

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Speaker 1: I get this statement in my inbox on my Bloomberg

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Speaker 1: terminal email and it says from the from the Committee

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Speaker 1: on Presidential Debates, next week's debate in Miami is virtual.

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Speaker 1: I look up at our producer, David Susherman and Matt Tomlin,

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Speaker 1: are our our our photographer? And are we going to Miami?

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Speaker 1: Are we not going to Miami? Next thing we know,

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Speaker 1: President Trump calls into Maria Bardaroma on Box Business Network

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Speaker 1: for like a fifty minute interview via telephone, and he

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Speaker 1: says he's not participating in the debate. He's calls it

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Speaker 1: a quote unquote giant waste of time. Then Joe Biden

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Speaker 1: releases a statement and says that it's on. But then

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Speaker 1: there's another statement that says he's gonna take questions from voters.

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Speaker 1: So much confusion. It goes ping pong back and forth.

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Speaker 1: President Trump says he wants to put another week. Joe

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Speaker 1: Biden says no. And this is where I say, get

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Speaker 1: me Rick Davis, because Rick Davis is someone who can

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Speaker 1: sort through all of the noise, all of the clutter, uh,

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Speaker 1: and there's a lot of it today. He's a partner

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Speaker 1: at Stone Court Capital, former campaign manager for John mc

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Speaker 1: cain's two thousand and a presidential campaign, and a Bloomberg contributor.

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Speaker 1: Rick Vick, I don't even know where to begin, but like,

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Speaker 1: try to help me put this in perspective. With all

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Speaker 1: of the drama between the two campaigns, totally stepping on

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Speaker 1: one another for last night's performance, and now they're talking

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Speaker 1: about Miami, You're you're creating an awful high expectation for

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Speaker 1: me to sort out something like this. I feel like

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Speaker 1: you're still in debate mode, trying to convince everybody I'm

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Speaker 1: a terrific debate it right before you cry for me, um, Look,

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Speaker 1: I mean, first of all, dealing with the Debate Commission

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Speaker 1: is dysfunctional on a good day, right, They have the

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Speaker 1: unenviable task of making plans for presidential debates before we

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Speaker 1: even know who the nominees the participants are going to be,

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Speaker 1: and they set rules, they pick locations, they recruit donors,

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Speaker 1: and they go through a lot to get to the

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Speaker 1: point where they go and meet with the campaigns, at

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Speaker 1: which point the campaigns say, why the heck would we

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Speaker 1: go to Utah? There's no campaign event in Utah, and

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Speaker 1: why would we take a day out to do that?

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Speaker 1: Why do we want this moderator? Why do we like

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Speaker 1: these these rules? And and so they create these m

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Speaker 1: o u s that are painstakingly uh negotiated between three

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Speaker 1: parties to campaigns and the Debate Commission, and and and frankly,

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Speaker 1: this morning the Debate Commission did something that I was

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Speaker 1: shocked by. They unilaterally made a decision to change the

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Speaker 1: format of a debate, making it virtual. Makes total common

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Speaker 1: sense to everybody listening in. But they obviously didn't get

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Speaker 1: agreement from the two campaigns before they did it. And

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Speaker 1: that is the fundamental requirement of the Commission, that the

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Speaker 1: campaigns have to be partners with them. And so now

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Speaker 1: we've got a mess. We're seeing a negotiation take place

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Speaker 1: in the bright league lights of the media, so the

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Speaker 1: American public actually gets to see something they never get

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Speaker 1: to see, making sausage. It tastes good when it's fried,

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Speaker 1: but it sure is nasty when it's made well, Rick,

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Speaker 1: I mean, and and to be honest, so much of

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Speaker 1: the coverage from last night was a collective sigh of

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Speaker 1: relief in many ways, because you know, you can we

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Speaker 1: can talk about who won and the policies, and we'll

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Speaker 1: play we'll dissect all of it over the course of

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Speaker 1: the show. But for the most part, it was a

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Speaker 1: much more better well received debate than last week's. You

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Speaker 1: could hear everybody talk, and for the most part, people

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Speaker 1: were you know, it was it was more of a

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Speaker 1: traditional format debate, and I think that there was a

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Speaker 1: lot of praise for both. Are all the parties involved,

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Speaker 1: I guess all three parties involved in terms of respecting

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Speaker 1: the rules and whatnot. But that morning, literally that morning

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Speaker 1: now as you as you just mentioned, they're they're negotiating

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Speaker 1: in real time, and it's it's really really perplexing. Why

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Speaker 1: play this out, folks, four years from now, eight years

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Speaker 1: from now, people would take the debate commission at their word?

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Speaker 1: Am I wrong? Rick? Well? Uh, We've been trying as

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Speaker 1: campaigns and campaign managers to figure out a way to

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Speaker 1: not deal with the Debate Commission for decades. In two

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Speaker 1: thousand eight, when I was running the McCain campaign, my

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Speaker 1: negotiator for the debates was Lindsay Graham and the Obama

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Speaker 1: negotiator was Ram Emmanuel, and we got all together and said,

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Speaker 1: why do we need the Debate Commission. We're negotiating the rules.

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Speaker 1: We want to pick the sites, you know, places that

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Speaker 1: are at really meaningful to the to the campaign, not

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Speaker 1: just the donors, and and and and and yet we

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Speaker 1: didn't do it. We didn't go rogue, at least not

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Speaker 1: in that instance, because all the logistics were too much

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Speaker 1: to bear, right. You know, it's expensive to do this

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Speaker 1: and we weren't going to use campaign dollars. So um,

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Speaker 1: so it's an anomaly, right, I mean you, but like

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Speaker 1: the Debate Commission could should never have said anything publicly

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Speaker 1: until at which point in time they literally had signatures

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Speaker 1: dry on the page from a discussion with both parties

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Speaker 1: saying it's okay to make this virtual. I mean, everything

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Speaker 1: we do is virtual. So it's a little surprising to me, frankly,

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Speaker 1: that that Donald Trump said no to it. That's a

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Speaker 1: whole another topic. But the Commission should never have stepped

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Speaker 1: on their own debate press first thing in the morning, Um,

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Speaker 1: you know, after a perfectly good debate that they desperately

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Speaker 1: needed after the debacle of a week ago, and and

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Speaker 1: and they started this firestorm. So I think in retrospect

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Speaker 1: people will look back on this year's presidential cycle and

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Speaker 1: really wonder what value add was the Debate Commission. They

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Speaker 1: didn't do a good job in the first debate, and

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Speaker 1: they stepped on their own successful vice presidential debate by

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Speaker 1: monking around with the second and third presidential debates. And

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Speaker 1: I have deep respect for the Debate Commission and the

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Speaker 1: institution that it represents, and of course I obviously have

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Speaker 1: deep respect for the presidential debates and the vice presidential debate.

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Speaker 1: It is just just a wild story. I don't want

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Speaker 1: to take an opinion on on any of it, um,

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Speaker 1: but I do just want to say, a wild story

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Speaker 1: just to have these negotiations going in real time and

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Speaker 1: now just so much uncertainty and to be candid if

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Speaker 1: if you know here in you in Salt Lake City, Utah,

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Speaker 1: and and talking with sources on both of the campaigns,

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Speaker 1: takeaway from the Trump campaign is that they are all

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Speaker 1: in on turning out the base. So I'm not sure.

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Speaker 1: I'm not sure they view it as politically advantageous or

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Speaker 1: even that it is worthwhile to debate virtually. I think

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Speaker 1: that they might be making a calculation based upon the

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Speaker 1: conversations I've had where they're saying, you know what, all

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Speaker 1: of the mess around it will speak to the argument

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Speaker 1: that they're trying to make rick quickly in the minute

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Speaker 1: that we have left of a minute half ago left

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Speaker 1: of the institutions, all the political institutions are against us.

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Speaker 1: Do you follow me? Yeah, Kevin, I think you're spot on.

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Speaker 1: I mean, what do you need a debate for if

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Speaker 1: you've already got your supporters lined up and you just

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Speaker 1: need to turn them out. That being said, Um, the

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Speaker 1: president loves a theater, right, I mean, he's one of

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Speaker 1: the great theatrical politicians of our time. Whether you like

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Speaker 1: what he's saying or not, you're captivated by it. Whether

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Speaker 1: it's the first debate where you're watching a train wreck

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Speaker 1: happen in slow motion or one of his rallies. It

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Speaker 1: is how he communicates to his base. And when forty million,

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Speaker 1: fifty million, seventy million people tune in, it's kind of

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Speaker 1: huff not to say yes to that. And so if

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Speaker 1: he's trying to get a bigger turn out of his base,

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Speaker 1: it is one of the few things that he has

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Speaker 1: left in the last four weeks of this campaign to communicate,

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Speaker 1: communicate to tens of millions of people in one night,

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Speaker 1: and then there's still I guess the uh the optimists

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Speaker 1: that still exists inside of me, that says that doesn't

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Speaker 1: the world does, doesn't. Don't American people deserve to know

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Speaker 1: the visions that the two nominees have for the country

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Speaker 1: from policy and geopolitics. You know, there's that part of it.

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Speaker 1: To Rick, Come on, I'm an optimist. Rick Davis, partner

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Speaker 1: at Stone Corps Capital. Congratulations on all of your all

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Speaker 1: star coverage with David Weston and Jeanie Zano as well.

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Speaker 1: He's the former campaign manager for John McCain's two thousand

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Speaker 1: and eight presidential campaign and Bloomberg contributor, and he has

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Speaker 1: promised to purchase me French fries when I am back

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Speaker 1: in Washington. D c Rick, you go is a pleasure.

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Speaker 1: And coming up, we're gonna check in on what happened

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Speaker 1: in the markets with Elena Pappina, Bloomberg Equity Markets reporter.

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Speaker 1: What happened in the markets today as Speaker Pelosi and

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Speaker 1: Secretary Venution continue to negotiate an airline package bill. Is

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Speaker 1: it grounded? Are they ready for takeoff? I'm headed on

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Speaker 1: the first flight back to d C tonight. You're listening

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

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Speaker 1: Kevin Currel on Bloomberg and one Old five point seven

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Speaker 1: f M h D two. My name is Kevin Sireli.

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Speaker 1: I'm the chief Ashton correspondent for Bloomberg Television and for

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Speaker 1: Bloomberg Radio. So much to get through on the economic

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Speaker 1: data front, and coming up, we're also going to check

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Speaker 1: in with David walchu Is, our Detroit Michigan Bureau chief

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Speaker 1: about that Governor Whittmer story. Uh, and the FBI making

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Speaker 1: some arrests about I guess the plot to kidnap the

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Speaker 1: governor of Michigan. It's a wild story. David's gonna walk

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Speaker 1: us through it. Meanwhile, let's go back to the market.

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Speaker 1: Speaker of the House Nancy Pelosi rebuff Donald Trump's call

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Speaker 1: to provide eight airlines without a deal on larger on

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Speaker 1: the larger stimulus package. Uh. She spoke actually on Bloomberg

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Speaker 1: Television today about this. Take a listen to a Speaker

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Speaker 1: of the House. Nancy Pelosi told my colleague David Weston.

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Speaker 1: Here she is. We want to help the airline workers.

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Speaker 1: There is legislation that we had in the Cares Act,

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Speaker 1: which we hope that we could continue for another six

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Speaker 1: months or so that expired the end of September. We

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Speaker 1: can do that separately, but we cannot do it unless

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Speaker 1: there's a big bill. So it could be part of

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Speaker 1: a big bill, or it could be separate from a

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Speaker 1: big bill. From a timing standpoint, that was Speaker of

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Speaker 1: the House Nancy Pelosi speaking earlier today to David Weston.

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Speaker 1: Uh and she went on to talk about many many

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Speaker 1: different things, including the Supreme Court. I'll play for you

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Speaker 1: some of that coming up later. U S stocks rose

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Speaker 1: and volatile trading as investors clung to hopes for a

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Speaker 1: stimulus deal despite conflicting signals coming from Capitol Hills and

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Speaker 1: the president. Omism over corporate deals added to the positive tone,

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Speaker 1: sending the SMP five hundred up as much as point

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Speaker 1: seven percent, Treasury is gained, taking the ten year yields

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Speaker 1: down to below point seven seven percent, and the dollar

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Speaker 1: weaken slightly against most of the G ten basket, so

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Speaker 1: the euro and the end we're basically unchanged. Joining us

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Speaker 1: now to talk about what happened in the markets today

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Speaker 1: is Atlanta Papuna. She has a Bloomberg Equity Markets reporter. Elena.

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Speaker 1: Thanks for being here, Thanks for coming on the show.

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Speaker 1: What happened in the markets today? Hi, Kevin, as you

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Speaker 1: mentioned an absolutely crazy day in the SMP five hundred

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Speaker 1: stocks are rallying again and we are now just four percent,

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Speaker 1: less than four percent away from a record high. I um,

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Speaker 1: I want to remind our listeners said that record high

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Speaker 1: was on September two, and that was before you know,

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Speaker 1: an array of concerns about President Donald Trump's health, about

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Speaker 1: the stimulus package, about a number of different factors. So

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Speaker 1: we are less than four percent away from that. Markets

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Speaker 1: operas and name that a stimulus package is going to

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Speaker 1: happen at some point, there is not enough evidence at

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Speaker 1: this point and that will happen right now or you know,

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Speaker 1: immediately after the election. But markets are in an all

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Speaker 1: green mode. I'm looking at my Bloomberg terminal. All main

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Speaker 1: sectors are solidly in the green. So it's in an

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Speaker 1: actually very solid day for all sectors in the SMP

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Speaker 1: have hundred A lot of optimism mainly about the deal.

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Speaker 1: What did the airline sector do today? I mean, because

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Speaker 1: there's so much talk about airlines? Are they are? They are?

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Speaker 1: They are? Invests trading off of every word that speaker

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Speaker 1: Pelosi tells their David Weston or or the President Trump

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Speaker 1: tells Maria Barbarroma I mean, or or is there is

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Speaker 1: there an expectation rather that the airline Package RelA bill

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Speaker 1: will come before the election, or is there still uncertainty

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Speaker 1: around it? Yeah, American Airlines CEO said that the company

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Speaker 1: will have to have a new round of layoffs if

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Speaker 1: they don't receive new the package and the stimulus money

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Speaker 1: as soon as possible. And we could see Kevin and

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Speaker 1: immediate reaction in the SMP five Airlines index. So it

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Speaker 1: was trading higher about two percent higher early in the day,

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Speaker 1: it tumbled to a session low on the concern that

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Speaker 1: note the stimulus package isn't coming anytime soon. Then after

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Speaker 1: Pelosi's remarks it went back up in the green. So

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Speaker 1: it actually finished the day one point five percent higher,

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Speaker 1: and that's more than the S and P five hundred

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Speaker 1: s gain, which rows zero point eight percent for the day.

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Speaker 1: So um, airlines and other sectors that focus on economic

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Speaker 1: reopening are actually doing much better right now. They are

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Speaker 1: leading these recovery So there are definitely a lot of bets.

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Speaker 1: At number one, the stimulus package is coming at some

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Speaker 1: point very soon. Number Two, we're not going to see

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Speaker 1: any type of um you know, lookdown that we had

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Speaker 1: early in the year. So recovery stocks are doing so

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Speaker 1: much better than everyone else at this point. Yeah. Elenna

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Speaker 1: Poppuina is on the line. She has a Bloomberg Equity

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Speaker 1: Markets reporter. I just also want to note IBM surged

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Speaker 1: after saying it will spin off its infrastructure unit and

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Speaker 1: Regenera on pharmaceutical zinc rose after the President said it's

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Speaker 1: antibody cocktail was the quote key end quote to his

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Speaker 1: quick recovery all right. Another, I am really obsessed with

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Speaker 1: the VIX because I want to understand where whether or

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Speaker 1: not the volatility is going to be forecast in the

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Speaker 1: end of November early December, especially as investors and traders

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Speaker 1: try to understand my my neck of the woods in

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Speaker 1: terms of in terms of the presidential debates, there was

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Speaker 1: so much volatility in the rhetoric um and coming from

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Speaker 1: politics this morning with regards to the debates and whether

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Speaker 1: or not there will be one. Did that do anything

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Speaker 1: to the VIX or did that not make an impact

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Speaker 1: that did not make too much of an impact, Kevin,

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Speaker 1: and I'm looking at the volatility futures curve, so I'm

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Speaker 1: looking at what investors are price and then for volatility

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Speaker 1: to be in November, early November, early December, early January,

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Speaker 1: early February, so that curve was a little bit higher

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Speaker 1: on Friday when we, you know, learned the news about

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Speaker 1: Donald Trump's positive coronavirus results. It actually has been going

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Speaker 1: down slightly, you know, first of all, as concern abated

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Speaker 1: about Trump's health, and then as polls showed a bigger

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Speaker 1: Democratic win in the latest polls. So that volatility curve

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Speaker 1: it needs certainty, you know. It's now investors and analysts

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Speaker 1: are starting to increasingly pricing the Democratic win. So that

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Speaker 1: is clearly showing in the volatility curve right now. The VIX,

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Speaker 1: all of the vics, the so called volatility off volatility

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Speaker 1: index is now actually near the lowest level since February,

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Speaker 1: so since that time when the huge sell off began.

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Speaker 1: So that is telling us to that investors are yes, indeed,

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Speaker 1: pricing in volatility, but not to such a big extent

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Speaker 1: as it was um several months ago. That's fascinating, It's

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Speaker 1: really really fascinating. And just the two minutes that I

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Speaker 1: have left with you, uh, tell me about just how

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Speaker 1: the you mentioned this earlier? You said that the reopening

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Speaker 1: stocks are are doing better. What are they looking at?

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Speaker 1: Because with all due respect, I'm looking at not to you,

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Speaker 1: but to just the notion of it all laid up

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Speaker 1: pop and I'm looking at popular. I'm looking at the

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Speaker 1: numbers in New York, the numbers in DC. What's they're

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Speaker 1: doing in Europe? What are they seeing that I've that

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Speaker 1: that the Johns Hopkins people aren't seeing. Yeah, well, investors

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Speaker 1: are looking at they kind of a slightly different perspective, Kevine.

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Speaker 1: So they are looking at, you know, whether we're going

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Speaker 1: to see another lockdown or not, and no, chances are

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Speaker 1: high that we aren't. Yes, No, New York is in

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Speaker 1: a fragile situation at this moment, especially with certain pockets

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Speaker 1: in Queen's and in Brooklyn seen a spike in cases.

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Speaker 1: But investors are looking at all the stay at home

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Speaker 1: stocks being overpriced at this point versus the you know,

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Speaker 1: reopening stocks, the so called value stocks. Know, the airlines

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Speaker 1: of the world, the carmakers of the world being underappreciated

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Speaker 1: and could be potentially a good buying opportunity right now.

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Speaker 1: What one hedge fund manager told me that the day

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Speaker 1: was that he was looking for a more than more

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Speaker 1: of an even new exposure to the markets. You know,

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Speaker 1: the thanks are really overbought right now. Technology stocks are

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Speaker 1: really crowded right now. So what if there is a

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Speaker 1: huge rotation after election. We have no idea what's going

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Speaker 1: to happen, so as fasciating in plus and plus all

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Speaker 1: the antitrust developments coming out of Washington as it relates

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Speaker 1: to that Etlena Popular, I gotta leave it there, Atlena Popular,

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Speaker 1: thank you so much for your time, and we'll talk

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Speaker 1: more about the fang stocks and quadruple witching ahead of Halloween.

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Speaker 1: How's that for a dad joke? Bloomberg Equity markets reporter

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Speaker 1: Elena Popular, my name is Kevin's really more coming up

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Speaker 1: next on politics policy? You're listening to Bloomberg one from

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Speaker 1: our nations? How do we reopen this economy? The latest

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

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Speaker 1: do for the United States? Relationship with China. Bloomberg Sound On,

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Speaker 1: the Insiders, the influencers, the insides. We're responding to this

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

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Speaker 1: looking at seveny Kennedys for different vaccines. How do we

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

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Speaker 1: This is Bloomberg Sound On with Kevin Surrelate on Bloomberg.

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Speaker 1: Will they or won't they? Have a debate in Miami?

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Speaker 1: Plus a complete recap of last night's presidential debate. All

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Speaker 1: of that as new allegations about a kidnapping for Governor

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Speaker 1: Whitber of Michigan. We're gonna get that. We're gonna go

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Speaker 1: right to Detroit, Michigan, where my colleague David Welch is

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Speaker 1: the Bloomberg Detroit bureau chief. He's gonna walk us through

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Speaker 1: a crazy, crazy news story. And will there be stimulus

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Speaker 1: for the airlines? So much news to get through. Let's

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Speaker 1: take the first part of the program before we talk

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Speaker 1: about Michigan, before we talk about stimulus and the airlines,

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Speaker 1: and let's talk about the debates, because so much volatility

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Speaker 1: coming from both of the campaigns and the debate Commission

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Speaker 1: and let's just go through it. Last night at what

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Speaker 1: really was a well received debate by the public here

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Speaker 1: in Salt Lake City between Vice President Mike Pence and

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Speaker 1: Senator Kamala Harris. And when I say well received, what

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Speaker 1: I mean is it was much more akin to debates

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Speaker 1: that we're all used to, uh, in terms of people,

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Speaker 1: you know, giving their positions and not talking over one

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Speaker 1: another and and respecting the rules. Literally. This morning, the

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Speaker 1: Debate Commission releases a two paragraph statement that says next

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Speaker 1: week's debate in Miami presidential debate will be virtual. President

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Speaker 1: Trump then calls into Fox businesses Maria bardar Roma and

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Speaker 1: says that he is not going to participate in a

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Speaker 1: virtual debate, saying that that would be a waste of time.

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Speaker 1: Joe Biden comes out and his campaign says at first

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Speaker 1: that they were were unsure, but they were still planning

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Speaker 1: to move ahead with the debates. Then we learned from

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Speaker 1: the Biden campaign that they say no, he's going he

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Speaker 1: questions from voters that night, and then the Tromp campaign

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Speaker 1: says they want to have it a week later, and

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Speaker 1: it's you know, that's that's where things stand. Uh. To

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Speaker 1: put it into context, I would note, just being here

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Speaker 1: in Salt Lake City and being uh the luxury in

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Speaker 1: terms of being able to do socially distant interviews and

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Speaker 1: with with uh, with the members of the respective campaigns,

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Speaker 1: is that this is very much a strategic decision on

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Speaker 1: behalf of both the campaigns. From based upon my reporting

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Speaker 1: from the sources that I talked with on Trump World,

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Speaker 1: what they're saying is this is a base election for them.

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Speaker 1: They want to turn out their base. Um. As Rick

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Speaker 1: Ronell told me yesterday, they want to turn red districts

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Speaker 1: blood red and to to amplify the turnout of conservative districts.

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Speaker 1: And so this type of strategy by continuing to question

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Speaker 1: whether institutions and in this case political institutions are against

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Speaker 1: not just President Trump but their supporters. Uh. This this

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Speaker 1: falls into that political playbook. In contrast the Biden campaign. Uh,

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Speaker 1: they say that they want to continue to try to

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Speaker 1: make a rhetorical type of argument as it relates to

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Speaker 1: the soul of the country, as Biden continuously talks about,

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Speaker 1: and so talking to voters as opposed to participating in

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Speaker 1: the debate is uh, you know, part of that playbook.

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Speaker 1: So it's it's really remarkable. UM. And as Rick Davis

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Speaker 1: told me in the last half hour. It also raises

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Speaker 1: questions about how campaigns interact not just with one another,

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Speaker 1: but with the Debate Commission itself. I'm so incredibly grateful

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Speaker 1: to welcome to the show our panel U former Florida

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Speaker 1: Congressman Patrick Murphy, who represented Florida's eighteen congressional district as

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Speaker 1: a Democrat from to two thousand and seventeen, and former

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Speaker 1: Ohio Republican Congressman Jim or Nac, who represented ohio sixteenth

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Speaker 1: Congressional district from two thousand and eleven to two thousand

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Speaker 1: and nineteen. I really appreciate the time because now that

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Speaker 1: you guys are out of office, I feel like you're

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Speaker 1: more chatty to be candid. Um, I'll start with you Patrick,

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Speaker 1: is it. I don't want to go into too much

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Speaker 1: of the punditry, but just from a strategic standpoint, describe

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Speaker 1: to me the dynamic of the triangular relay and ship

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Speaker 1: between the two respective campaigns today and the Debate Commission.

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Speaker 1: You know, I can't say I understand that both sides

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Speaker 1: entirely and why they're posturing the way they are. Um,

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Speaker 1: it's obviously all about, you know, changing the dynamics of

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Speaker 1: the race at this point. You know, we are what

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Speaker 1: twenty seven days away from the actual election. Millions of

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Speaker 1: votes have already been cast. You look at the recent

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Speaker 1: polling and by all accounts, the Biden Harris team are up,

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Speaker 1: you know, nine points on average. So Trump really needs

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Speaker 1: to change the narrative, really needs to change the dynamic.

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Speaker 1: I would think a debate would be an opportunity to

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Speaker 1: do that, right, Maybe there's a potential gas, maybe there's

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Speaker 1: something to jump on, whatever that might be. So I

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Speaker 1: was surprised to see them, you know, I want to

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Speaker 1: even delay this at all, um, But like I said,

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Speaker 1: maybe it's you know, more at this stage about just

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Speaker 1: doubling down on your own base and by doing a debate,

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Speaker 1: you've got to try to appeal to to the middle

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Speaker 1: and not take certain positions. Or maybe that's more dangerous

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Speaker 1: that this going for them, you know, and jimber Nacy,

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Speaker 1: I mean I I say this, if you're Senator Kamala

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00:25:06,600 --> 00:25:10,000
Speaker 1: Harris or Vice President Mike Bends, you might be you

431
00:25:10,080 --> 00:25:12,880
Speaker 1: might be annoyed not just with the top of your

432
00:25:12,880 --> 00:25:16,400
Speaker 1: respected ticket, but also the debate commission because no one

433
00:25:16,520 --> 00:25:19,160
Speaker 1: was talking about their debate and I'm still in Salt

434
00:25:19,200 --> 00:25:21,120
Speaker 1: Lake City, and I'm I'm like, was there a debate

435
00:25:21,200 --> 00:25:25,240
Speaker 1: last night? Everyone's talking about the uh, the dynamics of

436
00:25:25,240 --> 00:25:27,440
Speaker 1: of of what's going to happen next week and where

437
00:25:27,440 --> 00:25:31,720
Speaker 1: we find ourselves. Jim Well, I would agree and uh,

438
00:25:31,800 --> 00:25:34,240
Speaker 1: and with a lot of what Patrick saying, I will

439
00:25:34,280 --> 00:25:37,320
Speaker 1: tell you that it's it's about the last twenty days.

440
00:25:37,960 --> 00:25:41,719
Speaker 1: It's getting people out to vote. President Trump does best

441
00:25:42,280 --> 00:25:45,359
Speaker 1: in a live debate format. He wants that. I'm sure

442
00:25:45,440 --> 00:25:48,520
Speaker 1: that his first thoughts were, you know, I'm not gonna

443
00:25:48,600 --> 00:25:51,120
Speaker 1: I don't want to do a virtual debate. I want

444
00:25:51,119 --> 00:25:53,560
Speaker 1: a live debate. I want to be on stage. That's

445
00:25:53,560 --> 00:25:57,000
Speaker 1: where he shines the best. Um On the reverse side,

446
00:25:57,040 --> 00:25:59,680
Speaker 1: I'm not sure that Vice President Biden shines as well

447
00:26:00,640 --> 00:26:03,600
Speaker 1: on a live stage. So there is posturing as we

448
00:26:03,640 --> 00:26:06,119
Speaker 1: get through these last twenty plus days to try and

449
00:26:06,520 --> 00:26:08,600
Speaker 1: come up with the best solution to get out the vote.

450
00:26:08,640 --> 00:26:11,439
Speaker 1: But like I've been saying nineties, I think we're almost

451
00:26:11,480 --> 00:26:14,560
Speaker 1: down to the people know who they're voting for. You know,

452
00:26:14,640 --> 00:26:17,800
Speaker 1: it's now just a small percentage, and it's how do

453
00:26:17,840 --> 00:26:22,040
Speaker 1: you win those five or six percent over Because in

454
00:26:22,080 --> 00:26:24,080
Speaker 1: the long run, I think people have already made their

455
00:26:24,080 --> 00:26:27,199
Speaker 1: decision that you you know what you have with President Trump,

456
00:26:27,840 --> 00:26:31,879
Speaker 1: and you know somewhat what you have with Vice President Biden,

457
00:26:31,880 --> 00:26:34,320
Speaker 1: as he's been there for forty two years, and you

458
00:26:34,400 --> 00:26:37,920
Speaker 1: have these two camps, one being we don't like the establishment,

459
00:26:38,119 --> 00:26:41,640
Speaker 1: the other being fully establishment when you come to Vice

460
00:26:41,680 --> 00:26:45,159
Speaker 1: President Biden. And I think that's where President Trump shines

461
00:26:45,240 --> 00:26:47,800
Speaker 1: is to be able to show in a live debate.

462
00:26:48,400 --> 00:26:50,399
Speaker 1: We need to be able to He needs to be

463
00:26:50,480 --> 00:26:53,000
Speaker 1: able to talk about those things. And he doesn't want

464
00:26:53,000 --> 00:26:55,720
Speaker 1: to be cut off either. I'm sure a virtual debate

465
00:26:55,760 --> 00:26:58,239
Speaker 1: will be cutting him off. Well, you know. And and

466
00:26:58,280 --> 00:27:01,960
Speaker 1: I and I said saying this repeatedly because I also

467
00:27:02,040 --> 00:27:05,399
Speaker 1: think it's one of the rare opportunities that Americans have

468
00:27:05,600 --> 00:27:10,800
Speaker 1: to see the nominees for their respective parties to be

469
00:27:10,920 --> 00:27:12,920
Speaker 1: under the pressure. I mean, so much of what we

470
00:27:13,040 --> 00:27:16,600
Speaker 1: see and this is not a criticism of President Trump

471
00:27:16,680 --> 00:27:19,800
Speaker 1: or Vice President Joe Biden, it's just the nature of

472
00:27:19,800 --> 00:27:21,679
Speaker 1: the time that we find ourselves in. So much of

473
00:27:21,680 --> 00:27:25,320
Speaker 1: what we see of our of our elected leaders in

474
00:27:26,160 --> 00:27:30,040
Speaker 1: these settings is controlled. And so it's I think that

475
00:27:30,119 --> 00:27:34,080
Speaker 1: voters do deserve to see a debate several debates to

476
00:27:34,200 --> 00:27:38,879
Speaker 1: see how they will handle pressure moments. And also I

477
00:27:38,920 --> 00:27:40,639
Speaker 1: also think they deserve to see even if they know

478
00:27:40,680 --> 00:27:42,720
Speaker 1: who they're voting for and they're not going to vote

479
00:27:42,920 --> 00:27:46,159
Speaker 1: for the other person on the stage, they still deserve

480
00:27:46,240 --> 00:27:49,159
Speaker 1: to to understand the policies and and the way in

481
00:27:49,200 --> 00:27:53,480
Speaker 1: which they are pitching those policies, not just to Americans

482
00:27:53,480 --> 00:27:55,879
Speaker 1: but around the world. I think they deserve to see that.

483
00:27:55,960 --> 00:27:58,200
Speaker 1: And so that's why I hope that there is a debate,

484
00:27:58,280 --> 00:28:01,720
Speaker 1: because I think it's it's still a worth while American tradition.

485
00:28:02,160 --> 00:28:04,640
Speaker 1: Coming up on the program, the panel's gonna stay, Please stay,

486
00:28:04,680 --> 00:28:06,679
Speaker 1: because I do want to talk about the policy of

487
00:28:06,800 --> 00:28:09,119
Speaker 1: last night's debate, especially on the US China front, and

488
00:28:09,160 --> 00:28:11,159
Speaker 1: we've got a lot to talk about. But with my

489
00:28:11,240 --> 00:28:14,359
Speaker 1: colleague David Weston, who had a great interview today, a

490
00:28:14,480 --> 00:28:17,639
Speaker 1: newsworthy interview is Speaker of the House Nancy Pelosi. It

491
00:28:17,760 --> 00:28:20,200
Speaker 1: was a ping pound back and forth between her as

492
00:28:20,200 --> 00:28:22,960
Speaker 1: well as President Trump on the airline industry. So I'll

493
00:28:22,960 --> 00:28:25,320
Speaker 1: talk about that as well. But coming up next, we're

494
00:28:25,320 --> 00:28:28,600
Speaker 1: gonna head to Detroit, Michigan, because the governor, whitmer h

495
00:28:28,800 --> 00:28:32,040
Speaker 1: Is has found herself in a really remarkable, horrific story,

496
00:28:32,320 --> 00:28:34,680
Speaker 1: and the Bloomberg Bureau chief there is going to weigh

497
00:28:34,720 --> 00:28:36,480
Speaker 1: in with us. My name is Kevin Curreli. I'm the

498
00:28:36,520 --> 00:28:39,000
Speaker 1: chief Washington correspondent f for Bloomberg TV and Radio. You're

499
00:28:39,040 --> 00:28:46,000
Speaker 1: listening to Bloomberg. You're listening to Bloomberg. Sound on with

500
00:28:46,080 --> 00:28:50,240
Speaker 1: Kevin sirelate on Bloomberg and one oh five point seven

501
00:28:50,280 --> 00:28:53,080
Speaker 1: f m h D two. My name is Kevin Cereli.

502
00:28:53,120 --> 00:28:56,840
Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for

503
00:28:57,000 --> 00:29:04,400
Speaker 1: Bloomberg Radio. UH. A completely wild, wild story out of Michigan,

504
00:29:04,720 --> 00:29:08,680
Speaker 1: the battleground state of Michigan, and pertaining to Governor Whittmer.

505
00:29:08,960 --> 00:29:11,560
Speaker 1: Governor Gretchen Whitmer, who has been on this program of

506
00:29:11,640 --> 00:29:15,520
Speaker 1: interviewed her and at one point she was actually also

507
00:29:16,280 --> 00:29:19,400
Speaker 1: UH the on the on the shortlist for Joe Biden's

508
00:29:19,480 --> 00:29:25,960
Speaker 1: vice presidential pick. There's a kidnapping story out of Michigan.

509
00:29:26,640 --> 00:29:31,240
Speaker 1: Thirteen people were charged in a plot to kidnap Michigan

510
00:29:31,440 --> 00:29:35,200
Speaker 1: Governor Gretchen Whitmer. I want to take it to the

511
00:29:35,280 --> 00:29:39,640
Speaker 1: NBC News affiliate UH and Fox sixty six out of

512
00:29:40,120 --> 00:29:43,440
Speaker 1: UH mid Michigan, because I'm going to read from Heartland,

513
00:29:43,480 --> 00:29:46,440
Speaker 1: Michigan their byline quote. The FBI says they have stopped

514
00:29:46,440 --> 00:29:50,760
Speaker 1: a plot to violently overthrow the government and kidnap Michigan

515
00:29:50,840 --> 00:29:55,720
Speaker 1: Governor Gretchen Whitmer. According to court documents, the alleged plot

516
00:29:55,800 --> 00:29:59,840
Speaker 1: involved reaching out to members of a Michigan militia. Take

517
00:30:00,120 --> 00:30:03,160
Speaker 1: listen to what Governor Whitmer said at a press conference

518
00:30:03,160 --> 00:30:06,080
Speaker 1: earlier today. Here she is hate groups heard the President's

519
00:30:06,080 --> 00:30:10,240
Speaker 1: words not as a rebuke, but as a rallying cry,

520
00:30:10,760 --> 00:30:13,720
Speaker 1: as a call to action. She was alluding to a

521
00:30:13,760 --> 00:30:18,080
Speaker 1: tweet that the President tweeted out just uh has tweeted

522
00:30:18,080 --> 00:30:22,480
Speaker 1: out with regards to Michigan. Joining us now as my colleague, UH,

523
00:30:22,560 --> 00:30:25,560
Speaker 1: David Welch, who was the Bloomberg Detroit bureau chief. David,

524
00:30:25,600 --> 00:30:27,240
Speaker 1: thank you so much for making the time on what

525
00:30:27,360 --> 00:30:30,120
Speaker 1: I know has been just such a crazy, crazy day

526
00:30:30,120 --> 00:30:33,560
Speaker 1: for you. Uh, incredible coverage coming from from your bureau.

527
00:30:33,760 --> 00:30:37,600
Speaker 1: Just what do we know tonight about this? And then

528
00:30:37,800 --> 00:30:41,280
Speaker 1: tell us about the politics of it. So we know

529
00:30:41,480 --> 00:30:44,280
Speaker 1: quite a bit. So the the FBI, working with Michigan

530
00:30:44,320 --> 00:30:48,880
Speaker 1: State Police UM and the Justice Department. At first they

531
00:30:49,000 --> 00:30:53,520
Speaker 1: told us they arrested six people uh, and charge them

532
00:30:53,520 --> 00:30:55,600
Speaker 1: with the kidnapped and plot. And then there are seven

533
00:30:55,640 --> 00:31:00,520
Speaker 1: others who are charged with UH cancel of phony including

534
00:31:01,320 --> 00:31:06,520
Speaker 1: terrorism charges and they were targeting law enforcemations other members

535
00:31:06,560 --> 00:31:10,040
Speaker 1: of government. UH. They didn't say exactly for what, either

536
00:31:10,160 --> 00:31:15,800
Speaker 1: for violent X or potential kidnapping UM and with some

537
00:31:15,840 --> 00:31:19,200
Speaker 1: plot to overthrow the state government. They were all they've

538
00:31:19,200 --> 00:31:23,320
Speaker 1: all been caught, they're all being charged, and we're the

539
00:31:23,320 --> 00:31:25,480
Speaker 1: one thing we don't know is they have said nothing.

540
00:31:25,480 --> 00:31:27,480
Speaker 1: But this is either more people out there and on

541
00:31:27,520 --> 00:31:31,000
Speaker 1: this conspiracy with these groups. Because the seven were charged

542
00:31:31,200 --> 00:31:36,440
Speaker 1: were part of a militia called Wolverine Watchman, So we

543
00:31:36,600 --> 00:31:39,160
Speaker 1: we don't how big that group is. Okay, what did

544
00:31:39,160 --> 00:31:41,240
Speaker 1: we know? Because I got a lot, I got a

545
00:31:41,360 --> 00:31:44,320
Speaker 1: job jump in here. I mean this, I've never heard

546
00:31:44,360 --> 00:31:47,000
Speaker 1: of the Wolverine Watchman and I didn't know that there

547
00:31:47,040 --> 00:31:49,280
Speaker 1: were militia groups in the United States. I mean, this

548
00:31:49,360 --> 00:31:52,120
Speaker 1: is I think for many people, myself included. I mean,

549
00:31:52,120 --> 00:31:53,880
Speaker 1: I don't want to maybe I should have known, but

550
00:31:54,080 --> 00:31:57,600
Speaker 1: I what do we know about this group? What do

551
00:31:57,640 --> 00:31:59,760
Speaker 1: we know about these networks? What do we know about

552
00:31:59,760 --> 00:32:02,000
Speaker 1: what the FBI how they found this group? I mean

553
00:32:02,040 --> 00:32:05,440
Speaker 1: it is. It's just it's so perplexing and wild. So

554
00:32:05,560 --> 00:32:07,240
Speaker 1: can you can you just give us some details on

555
00:32:07,320 --> 00:32:10,240
Speaker 1: what we've learned in the documents so that there are

556
00:32:10,280 --> 00:32:12,440
Speaker 1: a lot of motion groups in the US actually and

557
00:32:12,520 --> 00:32:15,320
Speaker 1: quite a number in Michigan. They do tend to be

558
00:32:16,240 --> 00:32:20,840
Speaker 1: far right wing extremist groups. In this case, the FBI

559
00:32:21,160 --> 00:32:25,640
Speaker 1: had found some of these posts on social media, particularly

560
00:32:25,640 --> 00:32:29,600
Speaker 1: on Facebook, and they also they found that the group

561
00:32:29,680 --> 00:32:34,160
Speaker 1: had code words. They also had encrypted means of communication

562
00:32:34,240 --> 00:32:37,040
Speaker 1: that the government was able to tap into. They also

563
00:32:37,360 --> 00:32:40,080
Speaker 1: they did have somebody who I think blew the whistle

564
00:32:40,160 --> 00:32:44,560
Speaker 1: on this group, and the plot apparently was to that

565
00:32:44,720 --> 00:32:49,520
Speaker 1: they had the Governor Whittner's vacation home under surveillance, and

566
00:32:49,600 --> 00:32:52,560
Speaker 1: the plot was to set off explosives that would create

567
00:32:52,600 --> 00:32:54,880
Speaker 1: a diversion for police in that area and then they

568
00:32:54,920 --> 00:32:59,520
Speaker 1: would move to her home and kidnap the Wow. So

569
00:32:59,600 --> 00:33:04,920
Speaker 1: what's the what's the go ahead as to say that

570
00:33:05,000 --> 00:33:08,560
Speaker 1: it's it's just a really this are and crazy thing

571
00:33:09,840 --> 00:33:14,440
Speaker 1: to see it in our country. I don't I can't

572
00:33:14,480 --> 00:33:20,560
Speaker 1: recall any US leader in any states being kidnapped. So

573
00:33:20,840 --> 00:33:23,600
Speaker 1: somebody here about in Brazil and Mexico, Yeah, what were

574
00:33:23,600 --> 00:33:26,120
Speaker 1: they going to do, Like, what was their actual plan?

575
00:33:26,200 --> 00:33:30,360
Speaker 1: David Welts Bloomberg Detroit bureau chiefs, like what what? How

576
00:33:30,400 --> 00:33:34,560
Speaker 1: do they think this was gonna work? That's really unclear.

577
00:33:34,800 --> 00:33:37,960
Speaker 1: What the governor said and her remarks was that there

578
00:33:38,040 --> 00:33:41,640
Speaker 1: was a plot to kidnap and possibly kill her, and

579
00:33:41,720 --> 00:33:46,080
Speaker 1: some of the traffic they found, uh did say things like, well,

580
00:33:46,120 --> 00:33:49,680
Speaker 1: you know, once we get the governor, it's over, as

581
00:33:49,760 --> 00:33:52,560
Speaker 1: in that's what what some of these right wing groups

582
00:33:52,560 --> 00:33:55,800
Speaker 1: have called her reign of terror would be over if

583
00:33:55,840 --> 00:33:58,480
Speaker 1: they got her and I would assume got her out

584
00:33:58,480 --> 00:34:02,840
Speaker 1: of the picture. When when she said that potentially kill her,

585
00:34:02,880 --> 00:34:05,440
Speaker 1: I take her seriously on that. I think she's probably

586
00:34:05,480 --> 00:34:08,440
Speaker 1: been briefed in much greater detail than we have. All Right,

587
00:34:08,480 --> 00:34:10,560
Speaker 1: and now what's the response been. And we've got to

588
00:34:10,600 --> 00:34:14,279
Speaker 1: talk about the politics of this, just given you know, uh,

589
00:34:14,600 --> 00:34:18,440
Speaker 1: what the governor has said and and and obviously, um,

590
00:34:18,520 --> 00:34:20,560
Speaker 1: you know, so what do we know about how politically

591
00:34:21,040 --> 00:34:29,600
Speaker 1: this is being interpreted? Whitmer in her comments this afternoon,

592
00:34:30,400 --> 00:34:31,880
Speaker 1: she put a lot on the plane on Trump. She

593
00:34:31,880 --> 00:34:35,319
Speaker 1: said that over the past seven months, he is h

594
00:34:35,680 --> 00:34:40,840
Speaker 1: challenged scientists, he has fomented hate groups and hate speech

595
00:34:41,520 --> 00:34:44,680
Speaker 1: and created an environment where these kind of groups feel

596
00:34:44,680 --> 00:34:48,000
Speaker 1: emboldened to do things like march on the Michigan State

597
00:34:48,040 --> 00:34:51,920
Speaker 1: House with weapons like they did this past spring. And

598
00:34:52,200 --> 00:34:56,560
Speaker 1: h too, hatch this plot that that was against the governor.

599
00:34:56,600 --> 00:34:59,040
Speaker 1: She she's putting a lot of its squarely Unpresident Trump.

600
00:35:00,040 --> 00:35:03,040
Speaker 1: And what do we know about politically speaking? What are

601
00:35:03,040 --> 00:35:05,919
Speaker 1: the polls telling us about Michigan? Obviously it's a battleground state.

602
00:35:06,200 --> 00:35:08,480
Speaker 1: Obviously it's a state that the president carried in two

603
00:35:08,520 --> 00:35:11,600
Speaker 1: thousand and sixteen. What are the polls telling us about

604
00:35:12,200 --> 00:35:16,760
Speaker 1: where how Michigan is playing? Had a head of election,

605
00:35:18,680 --> 00:35:20,920
Speaker 1: So Biden has been leading here for quite a while.

606
00:35:20,960 --> 00:35:24,840
Speaker 1: Trump did win it in two thousands sixteen, but Biden

607
00:35:24,880 --> 00:35:29,560
Speaker 1: has been ahead for a while. And uh it, I

608
00:35:29,560 --> 00:35:33,240
Speaker 1: would never call any state a lock for him, predict

609
00:35:33,320 --> 00:35:35,680
Speaker 1: that that Joe Biden will win the state, But hey,

610
00:35:35,920 --> 00:35:40,279
Speaker 1: what can happen between now and election day. But it's

611
00:35:40,640 --> 00:35:43,600
Speaker 1: been going pretty well for Joe Biden so far. All right,

612
00:35:43,680 --> 00:35:46,600
Speaker 1: David Welch, thank you so much for for calling in

613
00:35:46,760 --> 00:35:48,760
Speaker 1: and on on what I know has been an incredibly,

614
00:35:48,800 --> 00:35:52,040
Speaker 1: incredibly busy day for you. He is leading our team's

615
00:35:52,120 --> 00:35:56,120
Speaker 1: coverage from the Detroit Michigan Bureau. This, of course as

616
00:35:57,080 --> 00:36:01,479
Speaker 1: a major story the FBI arresting um more than ten

617
00:36:01,560 --> 00:36:07,480
Speaker 1: individuals in connection with plotting to kidnap the governor of Michigan,

618
00:36:07,840 --> 00:36:11,600
Speaker 1: Gretchen Whitmer. Wow. All right. Coming up on the program,

619
00:36:11,640 --> 00:36:13,920
Speaker 1: we're gonna dive into the policy of last night's vice

620
00:36:13,960 --> 00:36:18,400
Speaker 1: presidential debate. Download the Bloomberg's On podcast on Appolagians, Bloomberg

621
00:36:18,440 --> 00:36:20,239
Speaker 1: dot com or by downloading the Bloomberg Business app. You

622
00:36:20,239 --> 00:36:22,560
Speaker 1: can also find me on Radio dot Com, I Heart Radio,

623
00:36:22,600 --> 00:36:25,000
Speaker 1: and Spotify. My name is Kevin Sereli on the Chief

624
00:36:25,000 --> 00:36:27,680
Speaker 1: Washington correspondent from Riober TV and radio. This is Bloomberg.

625
00:36:31,160 --> 00:36:34,640
Speaker 1: You're listening to Bloomberg Sound On with Kevin Currelate on

626
00:36:34,719 --> 00:36:38,759
Speaker 1: Bloomberg and one All five point seven a m h D. Two.

627
00:36:39,440 --> 00:36:41,960
Speaker 1: My name is Kevin Surli on the Chief Washington coresbondent

628
00:36:42,000 --> 00:36:45,160
Speaker 1: for Bloomberg Television and for Bloomberg Radio. I've got two

629
00:36:45,160 --> 00:36:47,480
Speaker 1: former lawmakers with me, the best in the biz from

630
00:36:47,480 --> 00:36:52,000
Speaker 1: to battle Ground States, Ohio, Florida. Jimmer and a c

631
00:36:52,160 --> 00:36:55,879
Speaker 1: Is with us. He is a former Republican lawmaker and

632
00:36:56,080 --> 00:36:59,839
Speaker 1: Patrick Murphy, a Democratic lawmaker of Florida. Alright, let's dive

633
00:37:00,040 --> 00:37:03,239
Speaker 1: at first into where I still am, Salt Lake City,

634
00:37:03,280 --> 00:37:08,319
Speaker 1: the beautiful Salt Lake City. As we dissect, no, not

635
00:37:08,480 --> 00:37:12,359
Speaker 1: that fly. We dissect the policy issues pertaining to last

636
00:37:12,440 --> 00:37:15,200
Speaker 1: night's debate. Take a listen to the two candidates, Vice

637
00:37:15,280 --> 00:37:19,879
Speaker 1: President Mike Pens and Senator Kamala Harris on trade policy. Here.

638
00:37:19,960 --> 00:37:21,480
Speaker 1: Take a listen to some of their exchange here. It

639
00:37:21,560 --> 00:37:25,440
Speaker 1: is the president's trade war with China. You lost that

640
00:37:25,520 --> 00:37:29,920
Speaker 1: trade war. You lost it. What ended up happening is

641
00:37:30,000 --> 00:37:33,400
Speaker 1: because of a so called trade war with China, America

642
00:37:33,480 --> 00:37:40,360
Speaker 1: lost three hundred thousand manufacturing jobs. Farmers have experienced bankruptcy,

643
00:37:40,760 --> 00:37:44,440
Speaker 1: lost the trade war with China. Joe Biden never fought it.

644
00:37:45,360 --> 00:37:48,239
Speaker 1: Joe Biden has been a cheerleader for communist China through

645
00:37:48,320 --> 00:37:51,759
Speaker 1: over the last several decades. That was just one of

646
00:37:51,760 --> 00:37:56,759
Speaker 1: the many, many fiery exchanges between Senator Harris as well

647
00:37:56,840 --> 00:38:00,680
Speaker 1: as Vice President Pens. I want to asked the panel

648
00:38:00,760 --> 00:38:04,000
Speaker 1: first and foremost about China. Uh and and Patrick, I'll

649
00:38:04,040 --> 00:38:09,080
Speaker 1: start with you. I didn't really hear a clear I

650
00:38:09,239 --> 00:38:12,080
Speaker 1: think both well, I want to be careful, what what

651
00:38:12,200 --> 00:38:14,879
Speaker 1: did Senator Harris tell us about how Joe Biden would

652
00:38:14,920 --> 00:38:19,280
Speaker 1: handle China and last night's debate, I think you're starting

653
00:38:19,320 --> 00:38:21,600
Speaker 1: to say the answer to the young question man. I

654
00:38:21,680 --> 00:38:25,600
Speaker 1: think both candidates were more focused on pointing a finger

655
00:38:25,719 --> 00:38:27,919
Speaker 1: and trying to get a punch guy right, and something

656
00:38:28,080 --> 00:38:32,080
Speaker 1: can be played and not so well. Patrick, next steps

657
00:38:33,120 --> 00:38:35,279
Speaker 1: are going to be and look, the truth thing, it's

658
00:38:35,280 --> 00:38:38,240
Speaker 1: hard to have that intellectual debate on any issue given

659
00:38:38,239 --> 00:38:42,120
Speaker 1: two minute answer on something. It's complex trade policy with China,

660
00:38:42,200 --> 00:38:45,040
Speaker 1: for example, And I think you know, most people you

661
00:38:45,040 --> 00:38:47,080
Speaker 1: know listening to show understand that this is so many

662
00:38:47,120 --> 00:38:49,960
Speaker 1: dates back decades, right, and it's really easy to point

663
00:38:49,960 --> 00:38:52,600
Speaker 1: a finger at this person of that there is much more,

664
00:38:52,640 --> 00:38:54,719
Speaker 1: you know, a macro conversation needs to be had here

665
00:38:54,719 --> 00:38:58,400
Speaker 1: about this. I wish the candidates would have most spoken about, Hey,

666
00:38:58,520 --> 00:39:00,560
Speaker 1: in the next three and next four years, Here's what

667
00:39:00,680 --> 00:39:02,680
Speaker 1: our goals are, Here's how we're either you know Trump,

668
00:39:02,680 --> 00:39:04,759
Speaker 1: would you know Pence? So, here's what we plant to

669
00:39:04,800 --> 00:39:06,960
Speaker 1: do to to to make it better. Here's how we

670
00:39:07,000 --> 00:39:10,320
Speaker 1: want to improve trade, et cetera. And by the same token,

671
00:39:10,600 --> 00:39:12,879
Speaker 1: I wish Tom a lot we would have dove into

672
00:39:12,920 --> 00:39:15,160
Speaker 1: that a little bit more. I talked about Joe Biden's

673
00:39:15,160 --> 00:39:19,359
Speaker 1: plan um and why it hasn't worked thus far, whether

674
00:39:19,400 --> 00:39:21,160
Speaker 1: they want to get back into t p P or

675
00:39:21,200 --> 00:39:23,279
Speaker 1: they have a different idea. But let's talk about that.

676
00:39:23,719 --> 00:39:25,880
Speaker 1: But I think you started to answer the questions more

677
00:39:25,880 --> 00:39:29,200
Speaker 1: about things of pointing now, well, yeah, and Jim coming here,

678
00:39:29,239 --> 00:39:33,319
Speaker 1: because I think in terms of what we've seen how

679
00:39:33,400 --> 00:39:38,640
Speaker 1: the Trump campaign has has tried to discuss China, they

680
00:39:38,800 --> 00:39:42,200
Speaker 1: point to familial relationships of the Biden campaign, and they

681
00:39:42,239 --> 00:39:44,279
Speaker 1: talked about and after they talk about U, S, m

682
00:39:44,360 --> 00:39:48,400
Speaker 1: c A and whatnot. But but specifically on trade policy,

683
00:39:49,040 --> 00:39:51,320
Speaker 1: I don't know. I thought it was I was surprised

684
00:39:51,360 --> 00:39:53,400
Speaker 1: that that didn't come up more. But I thought that

685
00:39:53,480 --> 00:39:57,560
Speaker 1: exchange was it was a pointed one. Well, again, agreeing

686
00:39:57,560 --> 00:40:00,680
Speaker 1: with Patrick, that's exactly. It's a political point. The debates

687
00:40:00,719 --> 00:40:05,080
Speaker 1: two minute uh gotcha moments. What really has happened, though,

688
00:40:05,160 --> 00:40:07,680
Speaker 1: is over the last thirty years, we've lost the battle

689
00:40:07,719 --> 00:40:12,279
Speaker 1: of China. Both Republican and Democrat administrations have continued to

690
00:40:12,360 --> 00:40:16,840
Speaker 1: let China UH grow their economic power base for years,

691
00:40:16,880 --> 00:40:18,799
Speaker 1: and I think that's the real issue. So I think

692
00:40:18,800 --> 00:40:22,480
Speaker 1: when Kamala Harris said, you know that Trump administration has

693
00:40:22,520 --> 00:40:25,799
Speaker 1: lost the battle, and when the Vice President Pence said, hey,

694
00:40:25,880 --> 00:40:29,920
Speaker 1: you guys lost it when you know when Obama and

695
00:40:30,080 --> 00:40:34,319
Speaker 1: uhh he were president and vice president. I think those

696
00:40:34,360 --> 00:40:37,239
Speaker 1: were just sound bites because actually, uh, this has been

697
00:40:37,280 --> 00:40:40,400
Speaker 1: a thirty year process. We we have lost significant ground

698
00:40:40,400 --> 00:40:43,680
Speaker 1: and China continues to do the things that are necessary

699
00:40:44,239 --> 00:40:47,400
Speaker 1: to UH to find a path to economic power in

700
00:40:47,440 --> 00:40:50,160
Speaker 1: the United States does need to be careful. And as

701
00:40:50,200 --> 00:40:53,200
Speaker 1: Patrick said, I wish there would have been both would

702
00:40:53,200 --> 00:40:55,840
Speaker 1: have laid out their plans for what we're going to

703
00:40:55,920 --> 00:40:58,560
Speaker 1: do with China in the near future. I thought it

704
00:40:58,600 --> 00:41:01,240
Speaker 1: was interesting in terms of the econom mcfront House Senator

705
00:41:01,280 --> 00:41:03,080
Speaker 1: Harris said that one of the first things the President

706
00:41:03,120 --> 00:41:05,960
Speaker 1: Biden would do would be to repeal the Republican tax Plan.

707
00:41:06,080 --> 00:41:09,000
Speaker 1: Of course, the Biden administration would increase the corporate taxtor

708
00:41:09,160 --> 00:41:14,080
Speaker 1: fight precent. They say that they would also increase UH

709
00:41:14,160 --> 00:41:18,759
Speaker 1: infrastructure spending UH and and so it's it's it's we

710
00:41:18,800 --> 00:41:22,279
Speaker 1: did get some more nuanced policy last night. Okay, let's

711
00:41:22,320 --> 00:41:24,880
Speaker 1: talk about the COVID response because this was another heated

712
00:41:25,160 --> 00:41:28,320
Speaker 1: moment in last night's vice presidential debate. Take a listen

713
00:41:28,760 --> 00:41:32,160
Speaker 1: to this heated moment between Senator Harris as well as

714
00:41:32,239 --> 00:41:35,480
Speaker 1: Vice President pens over the pandemic response. Here, it is

715
00:41:36,280 --> 00:41:39,680
Speaker 1: they knew what was happening, and they didn't tell you.

716
00:41:39,920 --> 00:41:43,280
Speaker 1: When I look at their plan that talks about advancing testing,

717
00:41:43,600 --> 00:41:48,360
Speaker 1: creating new ppe, developing a vaccine um, it looks a

718
00:41:48,400 --> 00:41:51,000
Speaker 1: little bit like plagiarism. You respect the American people when

719
00:41:51,000 --> 00:41:53,799
Speaker 1: you're tell them the truth. You respect the American people

720
00:41:53,800 --> 00:41:55,960
Speaker 1: when you have the courage which we be a leader

721
00:41:56,120 --> 00:41:59,000
Speaker 1: speaking of those things that you may not want people

722
00:41:59,040 --> 00:42:00,680
Speaker 1: to hear, but they need to hear so they can

723
00:42:00,680 --> 00:42:03,640
Speaker 1: protect themselves. The reality is that we're going to have

724
00:42:03,719 --> 00:42:07,720
Speaker 1: a vaccine senator in record time, in unheard of time,

725
00:42:07,760 --> 00:42:10,200
Speaker 1: in less than a year. The fact that you continue

726
00:42:10,239 --> 00:42:14,520
Speaker 1: to undermine public confidence in the vaccine if the vaccine

727
00:42:14,560 --> 00:42:18,600
Speaker 1: emerges during the Trump administration, I think is is unconscionable.

728
00:42:19,600 --> 00:42:22,600
Speaker 1: I think there are editors who put that together did

729
00:42:22,640 --> 00:42:29,880
Speaker 1: an incredible job because it really illustrates the perspectives of

730
00:42:29,960 --> 00:42:33,680
Speaker 1: both of the narratives that both sides are telling. Jim,

731
00:42:33,719 --> 00:42:35,680
Speaker 1: does it not? I mean, I mean truly, I think

732
00:42:35,800 --> 00:42:40,000
Speaker 1: right there you have one side saying that lives were

733
00:42:40,000 --> 00:42:43,960
Speaker 1: lost and another side saying that lives were saved, and

734
00:42:44,040 --> 00:42:48,040
Speaker 1: it's it's it's so incredibly intense, but that's that. Those

735
00:42:48,080 --> 00:42:51,879
Speaker 1: are the two narratives on the collision course. Jim Well,

736
00:42:51,920 --> 00:42:54,480
Speaker 1: absolutely and and both of them are right. Lives were

737
00:42:54,520 --> 00:42:57,040
Speaker 1: lost and lives were saved. And I'm not sure that

738
00:42:57,120 --> 00:43:02,080
Speaker 1: anybody in in any administration could have done much different.

739
00:43:02,160 --> 00:43:05,319
Speaker 1: This is a pandemic that started in China. I think

740
00:43:05,320 --> 00:43:09,560
Speaker 1: the president has done certain things well. I think he

741
00:43:10,160 --> 00:43:13,279
Speaker 1: may have not like Kamella. One of the things I

742
00:43:13,360 --> 00:43:16,560
Speaker 1: disagree with her, and I'd love to see her someday

743
00:43:16,680 --> 00:43:18,839
Speaker 1: in a in a of course, I would never vote

744
00:43:18,880 --> 00:43:21,440
Speaker 1: for her on this, but in a presidential position finding

745
00:43:21,440 --> 00:43:23,359
Speaker 1: out something and the first thing she does is run

746
00:43:23,400 --> 00:43:26,480
Speaker 1: on the TV and tells everybody that doesn't happen. What

747
00:43:26,600 --> 00:43:29,440
Speaker 1: normally happens is you get all the information, you gather

748
00:43:29,520 --> 00:43:32,640
Speaker 1: it up, you determine what the path is, you make

749
00:43:32,680 --> 00:43:35,240
Speaker 1: some decisions, and then you tell the American people, here's

750
00:43:35,239 --> 00:43:37,839
Speaker 1: what we know, here's what we're doing, here's outward. That's

751
00:43:37,840 --> 00:43:40,839
Speaker 1: what leadership is. Leadership isn't running to the microphone. So

752
00:43:41,200 --> 00:43:43,960
Speaker 1: a little disappointed she started out that way because I

753
00:43:43,960 --> 00:43:46,000
Speaker 1: don't think she would do that if she was president,

754
00:43:46,360 --> 00:43:48,839
Speaker 1: and I think in the end, um, both of them

755
00:43:48,880 --> 00:43:52,560
Speaker 1: are trying to gain some ground. Again, it's politics. I

756
00:43:52,600 --> 00:43:55,200
Speaker 1: wrote a book about it. It's I talked about it

757
00:43:55,239 --> 00:43:58,800
Speaker 1: all the time. This is political feeder within twenty days,

758
00:43:59,239 --> 00:44:01,320
Speaker 1: and both of them are trying to make their points.

759
00:44:01,400 --> 00:44:05,319
Speaker 1: But as I've said, I don't believe anyone because saw

760
00:44:05,400 --> 00:44:08,160
Speaker 1: this coming, could have seen it coming and could have

761
00:44:08,239 --> 00:44:12,120
Speaker 1: reacted any differently than what was done with President Trump.

762
00:44:12,400 --> 00:44:15,239
Speaker 1: And I do believe that, you know, if there was

763
00:44:15,239 --> 00:44:18,279
Speaker 1: a Democrat in the office, he or she would have

764
00:44:18,280 --> 00:44:20,399
Speaker 1: done the exact same thing as best as they could

765
00:44:20,480 --> 00:44:23,040
Speaker 1: with the information they have. All right, go ahead, Patrick,

766
00:44:23,080 --> 00:44:26,160
Speaker 1: I mean, I mean from from your perspective in terms

767
00:44:26,160 --> 00:44:30,520
Speaker 1: of the COVID response and how how effective were Senator

768
00:44:30,560 --> 00:44:35,520
Speaker 1: Harris and Vice President Pence and in convincing well in

769
00:44:35,520 --> 00:44:39,240
Speaker 1: in in selling their the top of the tickets, uh

770
00:44:39,400 --> 00:44:45,440
Speaker 1: criticisms and responses to the COVID Night team. Well, of

771
00:44:45,480 --> 00:44:49,839
Speaker 1: course Senator Harris was in a much stronger position here, right, Um,

772
00:44:49,880 --> 00:44:51,680
Speaker 1: you know, you look just like a public polling and

773
00:44:52,239 --> 00:44:54,360
Speaker 1: the sentiment of the country and really the world for

774
00:44:54,400 --> 00:44:57,360
Speaker 1: how they're they're viewing America's handling of this and she

775
00:44:57,480 --> 00:44:59,360
Speaker 1: was in a much stronger position. So just from a

776
00:44:59,440 --> 00:45:03,200
Speaker 1: practical standpoint, uh, she was easier for her to be

777
00:45:03,239 --> 00:45:07,560
Speaker 1: the aggressor at this senator advice. Their pence wasn't wasn't

778
00:45:07,680 --> 00:45:10,080
Speaker 1: actually a pretty tough position that now only just looking

779
00:45:10,080 --> 00:45:13,520
Speaker 1: at the numbers, but also just with this recent outbreak

780
00:45:13,560 --> 00:45:17,080
Speaker 1: at the White House, is now you know a hotspot. Um,

781
00:45:17,120 --> 00:45:20,080
Speaker 1: that's a tough record to defend. Uh, the United States

782
00:45:20,160 --> 00:45:23,200
Speaker 1: is what's five percent of the world's population and over

783
00:45:23,960 --> 00:45:27,239
Speaker 1: the cases, so the numbers don't lie. Uh. You know,

784
00:45:27,280 --> 00:45:31,560
Speaker 1: I pushed back a little bit, uh the gym's point there. Um,

785
00:45:31,600 --> 00:45:33,799
Speaker 1: you know about the handling of this, there are other

786
00:45:33,840 --> 00:45:37,880
Speaker 1: countries that have done a much better job of managing this,

787
00:45:38,320 --> 00:45:41,040
Speaker 1: and there's all sorts of nuances, but you know, I

788
00:45:41,360 --> 00:45:44,680
Speaker 1: do believe that uh Kamala and Democrats have a great

789
00:45:44,680 --> 00:45:46,400
Speaker 1: case to be made here of how they would have

790
00:45:46,400 --> 00:45:49,520
Speaker 1: done a better job of handling m and navigating through

791
00:45:49,520 --> 00:45:52,359
Speaker 1: the economy. All right, Penal stays coming up next. We're

792
00:45:52,400 --> 00:45:54,640
Speaker 1: gonna talk about what's on my radar, which is, uh

793
00:45:54,840 --> 00:45:57,080
Speaker 1: the airline industry and whether or not there's going to

794
00:45:57,120 --> 00:45:59,560
Speaker 1: be a package for the airline industry. And we'll check

795
00:45:59,560 --> 00:46:01,960
Speaker 1: in with what's on Jim and Patrick's radar as well.

796
00:46:02,080 --> 00:46:04,280
Speaker 1: My name is Kevin Cirelli on the Chief Washington Correspondent

797
00:46:04,280 --> 00:46:12,720
Speaker 1: for Bloomberg TV and Radio. You're listening to Bloomberg. This

798
00:46:13,000 --> 00:46:18,239
Speaker 1: is Bloomberg's Sound On with Kevin Surreley on Bloomberg and

799
00:46:18,280 --> 00:46:21,480
Speaker 1: one all five point seven of MHD two. My name

800
00:46:21,520 --> 00:46:24,360
Speaker 1: is Kevin Cereli on the Chief Washington Correspondent for Bloomberg

801
00:46:24,400 --> 00:46:29,439
Speaker 1: Television and for Bloomberg Radio. Earlier today, my colleague David

802
00:46:29,480 --> 00:46:32,200
Speaker 1: Weston spoke with Speaker of the House Nancy Pelosi about

803
00:46:32,200 --> 00:46:36,400
Speaker 1: negotiations on the airline aide bill. This is President Trump

804
00:46:36,600 --> 00:46:39,120
Speaker 1: and Secretary Manusian are trying to move forward on some

805
00:46:39,239 --> 00:46:43,480
Speaker 1: type of package billion dollars worth for airline industry of relief.

806
00:46:44,040 --> 00:46:47,000
Speaker 1: Airline industry CEOs are saying that they might unfortunately have

807
00:46:47,120 --> 00:46:50,960
Speaker 1: to lay more, layoff more people, uh, if they don't

808
00:46:50,960 --> 00:46:53,480
Speaker 1: get aid. Take a listen to what Speaker Pelosi told

809
00:46:53,800 --> 00:46:56,400
Speaker 1: David Weston. Here she is we want to help the

810
00:46:56,400 --> 00:47:00,600
Speaker 1: airline workers. There is legislation that we had at in

811
00:47:00,640 --> 00:47:04,120
Speaker 1: the Cares Act, which we hope that we could continue

812
00:47:04,640 --> 00:47:08,520
Speaker 1: for another six months or so that expired the end

813
00:47:08,560 --> 00:47:13,560
Speaker 1: of September. We can do that separately, but we cannot

814
00:47:13,560 --> 00:47:16,359
Speaker 1: do it unless there's a big bill. So it could

815
00:47:16,400 --> 00:47:18,880
Speaker 1: be part of a big bill, or it could be

816
00:47:18,920 --> 00:47:22,960
Speaker 1: separate from a big bill. From a timing standpoint, this

817
00:47:23,040 --> 00:47:24,719
Speaker 1: is the thing that's on my radar to day, folks,

818
00:47:24,719 --> 00:47:27,839
Speaker 1: because I'm gonna ask Patrick Murphy and Jimmer nac are

819
00:47:27,920 --> 00:47:31,360
Speaker 1: panelists for the Hour, former former lawmakers, a Democrat of

820
00:47:31,400 --> 00:47:34,800
Speaker 1: Florida and a Republican of Ohio, respectively, what's on their radar.

821
00:47:35,080 --> 00:47:37,080
Speaker 1: But take a listen to what else she had to

822
00:47:37,120 --> 00:47:41,080
Speaker 1: say to David Weston, just in terms of well, here

823
00:47:41,120 --> 00:47:44,120
Speaker 1: she is. I'll let her explain. It was very strange,

824
00:47:44,840 --> 00:47:48,719
Speaker 1: really surprising, and I'm rarely surprised when the President took

825
00:47:48,760 --> 00:47:51,520
Speaker 1: to the tweet and saying that he wants to send

826
00:47:51,520 --> 00:47:55,560
Speaker 1: it to have full focus on this confirmation of the

827
00:47:56,520 --> 00:48:02,360
Speaker 1: justice and turned attention away and so we're stopping the negotiations.

828
00:48:02,600 --> 00:48:06,000
Speaker 1: He'll do anything in his power to overturn the affordable

829
00:48:06,080 --> 00:48:09,840
Speaker 1: care at It's just interesting. Just I think it illustrates

830
00:48:09,880 --> 00:48:11,880
Speaker 1: and it was a great question by by David Weston.

831
00:48:12,239 --> 00:48:17,520
Speaker 1: It illustrates just the um just how the strategy the

832
00:48:17,520 --> 00:48:19,200
Speaker 1: President Trump is using. Whether or not it works, we

833
00:48:19,239 --> 00:48:21,960
Speaker 1: don't know. Caught so many people off guard, including the

834
00:48:21,960 --> 00:48:23,680
Speaker 1: Speaker of the House when he tweeted out the other

835
00:48:23,760 --> 00:48:26,960
Speaker 1: day that the fiscal stimulus negotiations were done. Jim ber Nacy.

836
00:48:27,040 --> 00:48:29,280
Speaker 1: Is this a good move or a bad move? Good strategy,

837
00:48:29,320 --> 00:48:32,560
Speaker 1: bad strategy? On behalf of President Trump on fiscal stimulus

838
00:48:35,880 --> 00:48:41,600
Speaker 1: Jim Patrick, Jim Patrick, are there? Patrick, I'll just jump in.

839
00:48:41,640 --> 00:48:45,360
Speaker 1: I thank you. I think it's it's silly policy that

840
00:48:45,440 --> 00:48:48,000
Speaker 1: doesn't make any sense for from a political standpoint, either

841
00:48:48,640 --> 00:48:52,200
Speaker 1: bad policy and bad politics here. I think the president

842
00:48:52,239 --> 00:48:55,360
Speaker 1: should have pushed for something, even if it was not

843
00:48:55,480 --> 00:48:58,479
Speaker 1: exactly what he what he wanted. And then Donna laugh

844
00:48:58,560 --> 00:49:00,920
Speaker 1: and celebrate said, hey, look what I just did, America.

845
00:49:00,960 --> 00:49:04,000
Speaker 1: I continuing to help you and and taking credits for it,

846
00:49:04,080 --> 00:49:06,680
Speaker 1: right even if it wasn't all he's doing. Uh, And

847
00:49:06,719 --> 00:49:08,720
Speaker 1: then let Democrats fight for their share of the credit.

848
00:49:08,760 --> 00:49:11,560
Speaker 1: But do single handedly walk away and say I'm not

849
00:49:11,600 --> 00:49:14,200
Speaker 1: doing it. Um. Heck, at least try to blame Nancy

850
00:49:14,239 --> 00:49:17,280
Speaker 1: Pelosi or you know whatever he's gonna say, crazy Democrats.

851
00:49:17,440 --> 00:49:20,280
Speaker 1: You know, cube was something uh in just single handedly

852
00:49:20,320 --> 00:49:23,319
Speaker 1: walking away to me, doesn't make political sense either, Jim

853
00:49:23,320 --> 00:49:24,880
Speaker 1: ber Nay, I heard that the grape fine that you

854
00:49:25,040 --> 00:49:28,319
Speaker 1: accidentally hits from mute button. Just so folks know, I

855
00:49:28,400 --> 00:49:30,959
Speaker 1: do not have a mute button for my guests, Jim,

856
00:49:31,040 --> 00:49:34,240
Speaker 1: was a good strategy or badge strategy. That's the second

857
00:49:34,320 --> 00:49:38,920
Speaker 1: dad joke that I made during this program. Um go ahead,

858
00:49:39,320 --> 00:49:41,960
Speaker 1: I was speaking. I gave you an answer, but you

859
00:49:42,040 --> 00:49:47,000
Speaker 1: never heard yourself repeat it again. Uh. And it's what

860
00:49:47,040 --> 00:49:50,280
Speaker 1: I said was, Look, this is President trump strategy, and

861
00:49:50,280 --> 00:49:55,759
Speaker 1: and Donald Trump UM negotiates like Donald Trump negotiates. I'm

862
00:49:55,760 --> 00:49:57,520
Speaker 1: not saying I agree with it. I'm not saying I

863
00:49:57,600 --> 00:50:01,120
Speaker 1: disagree with it. Success you always looked back at after

864
00:50:01,160 --> 00:50:04,200
Speaker 1: the fact, not before the fact. Do I think Um

865
00:50:04,280 --> 00:50:06,200
Speaker 1: he wants to get a bill? Yes? I do. Do

866
00:50:06,239 --> 00:50:08,480
Speaker 1: I think Nancy Pelosi wants to get a bill? Yes?

867
00:50:08,520 --> 00:50:11,520
Speaker 1: I do. Do I think each of them negotiates in

868
00:50:11,520 --> 00:50:15,000
Speaker 1: a certain way. Yes, And she seems to want to

869
00:50:15,040 --> 00:50:18,160
Speaker 1: blame him, and he seems to want to blame her.

870
00:50:18,239 --> 00:50:20,279
Speaker 1: In the end, the only people who lose in many

871
00:50:20,280 --> 00:50:22,839
Speaker 1: cases the American people. But this is his strategy, It's

872
00:50:22,840 --> 00:50:25,160
Speaker 1: worked for him in the past. He's going to continue

873
00:50:25,160 --> 00:50:28,120
Speaker 1: to use it um And look, we've he's had a

874
00:50:28,160 --> 00:50:30,560
Speaker 1: lot of successes over the last three and a half years.

875
00:50:31,040 --> 00:50:33,600
Speaker 1: Uh if you take COVID out of the picture, and

876
00:50:33,680 --> 00:50:37,080
Speaker 1: I think those successes are coming from President Trump being

877
00:50:37,080 --> 00:50:40,960
Speaker 1: President Trump. All right now, Jim Patrick, it's time for

878
00:50:41,080 --> 00:50:44,480
Speaker 1: you to tell me what's on your radar? Patrick Murphy,

879
00:50:44,520 --> 00:50:49,080
Speaker 1: what's on your radar? I'm just waiting for me October surprise.

880
00:50:49,760 --> 00:50:52,799
Speaker 1: Oh my gosh, what do you want? I mean, it's

881
00:50:52,840 --> 00:50:55,000
Speaker 1: not even are you kidding me? I feel like I

882
00:50:55,040 --> 00:50:58,080
Speaker 1: haven't slept in five years, and you're telling me that

883
00:50:58,239 --> 00:51:02,480
Speaker 1: you want another October surprise ahead those those bud of yourself.

884
00:51:02,480 --> 00:51:05,120
Speaker 1: But I mean, I don't understand the pastics to don't

885
00:51:05,280 --> 00:51:09,600
Speaker 1: forget the policy a political standpoint, So curious what's coming.

886
00:51:09,640 --> 00:51:12,040
Speaker 1: But you know, a bit bigger picture, you know, when

887
00:51:12,040 --> 00:51:15,160
Speaker 1: you're in these races, whether you're running for mayor or

888
00:51:15,200 --> 00:51:18,560
Speaker 1: Congress or president, especially when you're talking about the last

889
00:51:18,600 --> 00:51:20,840
Speaker 1: thirty sixty days, you want to control the narrative, right,

890
00:51:20,840 --> 00:51:24,000
Speaker 1: And the question is how many days did your campaign

891
00:51:24,040 --> 00:51:27,759
Speaker 1: get to control that narrative verse your opponent? And you know,

892
00:51:27,840 --> 00:51:30,319
Speaker 1: maybe I'm biased here, but it sure seems that Vice

893
00:51:30,360 --> 00:51:33,000
Speaker 1: President Biden and Kamala Harris. I've really controlled the narrative

894
00:51:33,040 --> 00:51:36,480
Speaker 1: for the last thirty days. Uh curious if that continues.

895
00:51:36,600 --> 00:51:39,920
Speaker 1: And there seems to be just you know, uh self

896
00:51:39,960 --> 00:51:43,480
Speaker 1: conflicted wounds by Trump and his team day after day

897
00:51:43,520 --> 00:51:47,040
Speaker 1: here where those that don't follow politics day to day

898
00:51:47,080 --> 00:51:50,040
Speaker 1: like we might, uh God, just discratching their head here

899
00:51:50,160 --> 00:51:52,719
Speaker 1: and making a decision easy and easier for those few

900
00:51:52,760 --> 00:51:55,440
Speaker 1: that are undecided at this point. Patrick Murphy's not going

901
00:51:55,520 --> 00:51:58,240
Speaker 1: to tell you is he's but if this gets too crazy,

902
00:51:58,400 --> 00:52:00,680
Speaker 1: he's gonna be on a boat fishing and saying, you

903
00:52:00,719 --> 00:52:04,200
Speaker 1: know what, it was good talking, but I'm down to

904
00:52:04,280 --> 00:52:07,240
Speaker 1: Florida where it's sunny and warm and yet no, Patrick,

905
00:52:07,320 --> 00:52:09,480
Speaker 1: that's a great point. Great point, Jim, And what's on

906
00:52:09,800 --> 00:52:14,359
Speaker 1: your radar? Well, it's interesting. I would just say after

907
00:52:14,440 --> 00:52:17,200
Speaker 1: listening to Patrick that I don't care what either of

908
00:52:17,239 --> 00:52:21,080
Speaker 1: them does over the next twenty days. People have already

909
00:52:21,080 --> 00:52:23,239
Speaker 1: made their decision and it's really going to come down

910
00:52:23,320 --> 00:52:26,800
Speaker 1: to those five percent who are just trying to decide.

911
00:52:26,920 --> 00:52:29,480
Speaker 1: And I'm not sure how they haven't made that decision yet.

912
00:52:29,520 --> 00:52:33,000
Speaker 1: But I will tell you what hit my radar today

913
00:52:33,280 --> 00:52:36,640
Speaker 1: was the information that the US budget deficit hit erected

914
00:52:36,680 --> 00:52:40,040
Speaker 1: at three point one trillion dollars. And you know, right now,

915
00:52:40,080 --> 00:52:45,480
Speaker 1: that's of the US economy. It's the highest deficit in history.

916
00:52:45,880 --> 00:52:49,920
Speaker 1: We used to complain about President Obama administration, and again

917
00:52:49,960 --> 00:52:53,120
Speaker 1: Republicans used to blame President Obama. Democrats want to blame

918
00:52:53,160 --> 00:52:57,080
Speaker 1: President Trump. Really, the purse strings are in the Congress.

919
00:52:57,120 --> 00:53:00,440
Speaker 1: They're the ones that control what's spent. But three one

920
00:53:00,480 --> 00:53:04,120
Speaker 1: trillion dollar deficit a record. I was reading that today

921
00:53:04,120 --> 00:53:06,520
Speaker 1: and I thought in two thousand and ten we were

922
00:53:06,600 --> 00:53:10,279
Speaker 1: complaining that our debt was ten trillion, and now we're

923
00:53:10,320 --> 00:53:12,680
Speaker 1: heading a thirty trillion and nobody seems to be talking

924
00:53:12,719 --> 00:53:15,960
Speaker 1: about it. You know, it is remarkable, and I gotta

925
00:53:16,000 --> 00:53:19,080
Speaker 1: be honest, no one is talking about it at all,

926
00:53:19,880 --> 00:53:22,400
Speaker 1: especially right now. And and it's just not even a

927
00:53:22,440 --> 00:53:25,799
Speaker 1: factor in this election. I haven't just a hint that

928
00:53:25,920 --> 00:53:29,240
Speaker 1: I think in the next uh, in the next cycle,

929
00:53:29,680 --> 00:53:32,359
Speaker 1: if we recover, when we recover, when we recover, I'm

930
00:53:32,360 --> 00:53:36,399
Speaker 1: an optimist when we recovery that that the conservatives will

931
00:53:36,400 --> 00:53:40,960
Speaker 1: start to um, we'll start to to talk about that,

932
00:53:41,400 --> 00:53:44,759
Speaker 1: talk about that much more. All right, Uh, my sincere,

933
00:53:44,880 --> 00:53:50,800
Speaker 1: sincere gratitude to Patrick Murphy, who is always so generous

934
00:53:50,840 --> 00:53:53,560
Speaker 1: with this time on the show, as is Jim Ronacy. Hey, Jim,

935
00:53:53,760 --> 00:53:56,000
Speaker 1: have we got any updates in terms of what the

936
00:53:56,080 --> 00:54:00,919
Speaker 1: NFL is going to be doing with all this coronavirus stuff. Well,

937
00:54:00,960 --> 00:54:02,640
Speaker 1: I know one thing, We've got to play games to

938
00:54:02,719 --> 00:54:04,680
Speaker 1: make money, and I think that's always going to be

939
00:54:04,719 --> 00:54:06,319
Speaker 1: the key. And you've got to get as I've said

940
00:54:06,320 --> 00:54:08,440
Speaker 1: in the past on your show, you've gotta get butts

941
00:54:08,480 --> 00:54:12,560
Speaker 1: in the seats so you get the sponsorship dollars, and uh,

942
00:54:13,040 --> 00:54:16,160
Speaker 1: you gotta get you gotta get tests outside of the gates.

943
00:54:16,200 --> 00:54:18,120
Speaker 1: That's what I think, and not just at that for

944
00:54:18,200 --> 00:54:22,320
Speaker 1: the NFL on the halls of Congress outside Pennsylvania Avenue.

945
00:54:22,600 --> 00:54:25,600
Speaker 1: I just find that remarkably fascinating. Go ahead, I interrupted you.

946
00:54:25,640 --> 00:54:28,000
Speaker 1: I didn't mean so no, but I'm thinking it just

947
00:54:28,040 --> 00:54:29,799
Speaker 1: comes down to, I mean, even when you talked about

948
00:54:29,800 --> 00:54:32,200
Speaker 1: the airlines, and look, the only way the airlines are

949
00:54:32,239 --> 00:54:35,319
Speaker 1: gonna survive. We can give stimulus. But if we don't

950
00:54:35,360 --> 00:54:38,280
Speaker 1: get people flying again and we don't eliminate the fear,

951
00:54:38,800 --> 00:54:41,239
Speaker 1: and we don't get through this virus, the airlines you

952
00:54:41,280 --> 00:54:44,200
Speaker 1: can stimulate and put money toward them for the next

953
00:54:44,239 --> 00:54:46,640
Speaker 1: six months to a year. But there still is a

954
00:54:46,680 --> 00:54:48,839
Speaker 1: fear of flying. There still is a fear of going

955
00:54:48,880 --> 00:54:52,400
Speaker 1: to that NFL game. And we gotta get that fear gone.

956
00:54:52,400 --> 00:54:55,560
Speaker 1: We gotta get back to normalization. Um that's going to

957
00:54:55,640 --> 00:54:58,640
Speaker 1: be the greatest stimulus. Alright, alright, my thanks to Patrick,

958
00:54:58,719 --> 00:55:01,080
Speaker 1: my thanks to Jim h. And speaking of flying, I

959
00:55:01,120 --> 00:55:03,880
Speaker 1: gotta go because I gotta catch a flight from Salt

960
00:55:03,920 --> 00:55:06,040
Speaker 1: Lake to Washington, d C. And I cannot miss it.

961
00:55:06,560 --> 00:55:09,439
Speaker 1: But I will be back in d C tomorrow. It's

962
00:55:09,440 --> 00:55:12,919
Speaker 1: been one week since the news broke tonight of Hope

963
00:55:12,960 --> 00:55:15,520
Speaker 1: Pix or Jennifer Jacobs breaking that news of Hope Pix

964
00:55:15,840 --> 00:55:18,560
Speaker 1: getting COVID nineteen, and then of course the developments of

965
00:55:18,680 --> 00:55:21,920
Speaker 1: last Friday of the President uh saying that he got

966
00:55:21,960 --> 00:55:25,600
Speaker 1: COVID nineteen. Just one week in American politics, and think, folks,

967
00:55:26,000 --> 00:55:27,960
Speaker 1: of all that's happened. I'm Kevin s REALI thank you,

968
00:55:28,040 --> 00:55:30,440
Speaker 1: thank you, thank you for listening. I appreciate it. As always,

969
00:55:30,440 --> 00:55:31,440
Speaker 1: you're listening to Bloomberg