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Speaker 1: Live from our nations. How do we reopen this economy?

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

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

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

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

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

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

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

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Speaker 1: Surrelate on Bloomberg and one oh five point seven f

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Speaker 1: M HD two. I just want to forget about that debate.

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Speaker 1: I mean, seriously, a marathon debate. Wow. We're gonna talk

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Speaker 1: about it, but we're gonna dive into the policy. We're

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Speaker 1: gonna talk about it in a smart way. I promise.

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Speaker 1: Plus fiscal stimulus talks and what happened, what happened and

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Speaker 1: the markets today, Lots to get through. I just got

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Speaker 1: off the plane, uh from Cleveland. We we booked it

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Speaker 1: after balance of power back here to Washington. D see

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Speaker 1: gotta say of full day in Washington, freezing cold out

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Speaker 1: there in Cleveland. We're gonna talk about everything. All right,

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Speaker 1: there's a lot to get through, but we're not gonna

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Speaker 1: do the the gripes and the I can't hand it's

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Speaker 1: too much. No one cares. We're not doing the soapbox

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Speaker 1: act routine on this program. It's not it's not gonna happen. Um.

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Speaker 1: We are going to play some of my interviews that

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Speaker 1: I did yesterday. I did like four interviews, um, with

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Speaker 1: the various lawmakers on both sides who were with the candidates.

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Speaker 1: And we're gonna check in with Senator Marsha Blackburn as

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Speaker 1: well as Congressman Jim Jordan's. There are two conservatives, um,

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Speaker 1: and they're really at the heart of all the fiscal

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Speaker 1: stimulus talks. So we'll play some of that. But I

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Speaker 1: want to begin with someone who I didn't get to

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Speaker 1: run into when I was out there in Ohio, but

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Speaker 1: he's the Democratic Party chairman, David Pepper. David, I gotta say,

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Speaker 1: I love Cleveland. Fourth Street was amazing. How are you,

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Speaker 1: my friend. I'm good, I'm glad you did. It's a

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Speaker 1: great town. We are lot going on, Okay, So I

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Speaker 1: talked to Tim Ryan yesterday and he was telling me

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Speaker 1: about how he thinks Ohio is within play. Joe Biden

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Speaker 1: after the debate last night, this morning was speaking in Cleveland,

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Speaker 1: and then he's going to go on a on a

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Speaker 1: tour through throughout Ohio and Pennsylvania. I know it was

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Speaker 1: a disaster the debate, but I want to spend it forward.

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Speaker 1: How does yesterday last night, how does it impact the

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Speaker 1: dynamics of the race. You know, I would say that

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Speaker 1: in the state like Ohio, where it books to be

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Speaker 1: about Todd maybe Biden as a small lead, there are

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Speaker 1: some undecided voters, and I think that last night did

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Speaker 1: actually nothing to move those undersided voters towards Trump and

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Speaker 1: maybe helped nudge them towards Biden. I think that those

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Speaker 1: underside the voters after three and a half years, are

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Speaker 1: not sold on Trump yet. I think they're mostly upside

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Speaker 1: for Joe Biden. And I think last night Donald Trump

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Speaker 1: completely failed to win anyone, but you know, the crowd

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Speaker 1: boys in his base over So I think it sits

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Speaker 1: up a dynamic where where you know, potentially Trump starts

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Speaker 1: running out of room to grow, Biden has more room

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Speaker 1: to grow. And if if Trump can't get off this

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Speaker 1: far right kind of insane stuff, I think he's not

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Speaker 1: going to gain anything, and he really needs to gain

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Speaker 1: votes right now. David Peppers on the line. He is

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Speaker 1: the Ohio Democratic Party chairman. David, I was when I was,

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Speaker 1: when I was reporting last night, I was, you know,

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Speaker 1: you're sitting there and you're you're you're watching the style.

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Speaker 1: In the substance, to me, President Trump played to his base.

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Speaker 1: To me, Joe Biden, he took a gamble. It was

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Speaker 1: a political gamble in the sense that he said I'm

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Speaker 1: the party, not Bernie Sanders, and that was a direct

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Speaker 1: pitch to moderates people in the in the Hawkeye State,

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Speaker 1: another McComb County. Are there other places all around the

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Speaker 1: country the battleground states? Does he risk alienating and losing

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Speaker 1: the far left? You know, I think he did that

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Speaker 1: as a perry when Trump tries to make him sound extreme.

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Speaker 1: I mean, I think he's got to obviously keep the

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Speaker 1: broad coalition he did such a good job putting together

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Speaker 1: towards the end of the primary. Keep it together. I mean,

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Speaker 1: I think it was more about him saying, listen, I'm

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Speaker 1: I'm in charge. Don't don't try and label me with

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Speaker 1: something else. I think he basically saying I'm I own

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Speaker 1: my own plan, and stop trying to like make them

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Speaker 1: into something they're not. Um. But but I think on

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Speaker 1: the flip side, yeah, he needs to keep He certainly

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Speaker 1: wants to keep the broad tent that he's built and

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Speaker 1: and and worked hard to build together. Um. So you know,

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Speaker 1: I do think it's a balance. But but I thought

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Speaker 1: he handled it pretty well last night. Obviously, Donald Trump

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Speaker 1: almost became kind of a commentator note mode halfway through

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Speaker 1: about how this was going to cost some certain parts

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Speaker 1: of his, uh, his electorate. But I think it's fine.

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Speaker 1: I think, you know, Bernie Sanders and others on the

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Speaker 1: progressive end of things it was with warm can tendue

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Speaker 1: to be very supportive of Joe Biden. And there they

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Speaker 1: also will say when their disagreements, it's not like it's

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Speaker 1: a secret. When when the two sides in the party

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Speaker 1: don't agree, they're all open about it. But I think

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Speaker 1: people remain very united against Donald Trump. All right, let's

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Speaker 1: let's let's let me ask you a question before I

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Speaker 1: want to dive into the Hawkeye state. Did you even

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Speaker 1: like watching last night? I mean, seriously, I didn't if

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Speaker 1: you didn't have your job with you even watched. I

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Speaker 1: think I think because it was the first one, most

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Speaker 1: people kept it on. But if it's if the second

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Speaker 1: or third one do anything like that, I think a

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Speaker 1: whole lot of people are turning off their television. And

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Speaker 1: it was just terrible. It was not even being dramatic.

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Speaker 1: I mean it was I mean seriously, and I don't

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Speaker 1: even want to be I don't want to be three

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Speaker 1: people talking at once, three people. Yeah, and it's not

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Speaker 1: what they don't even do that on the reunion of

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Speaker 1: a reality show. I mean it's insanity. Go ahead, I

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Speaker 1: didn't mean to interrupt you. That's exactly you know, what's

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Speaker 1: what's um that's every day at the White House. I

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Speaker 1: mean Dr Fauci, My guess is is watching that saying, well, see,

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Speaker 1: that's my life. And so when you start to figure

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Speaker 1: out why do we not have a better response to COVID,

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Speaker 1: why did we almost get ourselves in World War three

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Speaker 1: with that Iran move a couple of months ago, it's

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Speaker 1: because Donald Trump does exactly what we saw yesterday when

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Speaker 1: he's meeting with people who can't even talk back to

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Speaker 1: him in the White House. I mean that the guy

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Speaker 1: yesterday clearly is not someone who we want leading anything

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Speaker 1: because he doesn't listen. He talks over sarcastically. He's in

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Speaker 1: the end a complete jerk. He has no empathy. He

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Speaker 1: lies and doesn't even I don't know if he realizes

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Speaker 1: it or not, But think about that guy managing a

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Speaker 1: broad group of people who in some cases are trying

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Speaker 1: to lead the country. No wonder Maddis and all these

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Speaker 1: others that quit, because that's what I hear you with

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Speaker 1: every single day, Because you know, I hear you and

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Speaker 1: and and I get and you know, I don't tell

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Speaker 1: I call it like I see. I thought last night's

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Speaker 1: debate was a disaster for all three of them personally.

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Speaker 1: Uh and it was just it was dizzy. You A

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Speaker 1: fun fact about our first guest to on this, I

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Speaker 1: guess the day after I don't even know what to

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Speaker 1: call today debate debate Morning Morning with you in America?

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Speaker 1: UM David Pepper. He he runs the Democratic Party in

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Speaker 1: the Hawkeye State in Ohio. There's this great But why

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Speaker 1: am I saying hawk Iowa? I'm so sorry, I'm still

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Speaker 1: It's okay, but it's because I'm from Pennsylvania and I

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Speaker 1: went to penn State. Did you go to Ohio State?

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Speaker 1: I didn't. Okay, all right, there's this great article in

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Speaker 1: Politico magazine. The headline is the thriller that predicted the

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Speaker 1: Russia scandal. You wrote a political thriller, which I love.

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Speaker 1: I want to write a book one day, and you

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Speaker 1: you wrote a You wrote a political thriller and it's

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Speaker 1: about a Russian spy and it turns out addicted the whole,

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Speaker 1: the whole, entire Russia saga. What did you know that

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Speaker 1: nobody else knew it? Tell us about your book. So

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Speaker 1: that's funny you bring it. So I actually worked in

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Speaker 1: Russia years ago, and I did start writing a book

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Speaker 1: about in about two thousand twelve, and it was all

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Speaker 1: about rigging American elections by hacking voting machines. But the

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Speaker 1: plot was actually about congressional districts um throughout the country. Uh.

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Speaker 1: So I didn't mean to predict anything. I thought I

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Speaker 1: was writing this great story. I put it to bed

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Speaker 1: in like early sixteen, and then by the next year,

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Speaker 1: all the people who read my book were like, my god, David,

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Speaker 1: what did you know and when did you know it?

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Speaker 1: But you know, it's been kind of wild ride. But

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Speaker 1: the truth is, you know, in in my book, I

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Speaker 1: had I was And I think this is why sometimes

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Speaker 1: novelists to predict things. I my bad guy was a

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Speaker 1: Russian oligarch. He wanted to, you know, take advantage of

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Speaker 1: Congress and get tracking opened up throughout the Midwest. And

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Speaker 1: because I was thinking, okay, as a Russian ogar, what

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Speaker 1: could he do to impact an election in a way,

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Speaker 1: I think I was accidentally placing myself into in the

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Speaker 1: same position of water foot was in. And so I

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Speaker 1: was trying to realistically think through how would you do

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Speaker 1: such a thing? And it turns out what I wrote

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Speaker 1: head along in common with what ultimately happened. David Pepper

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Speaker 1: is our first guess. He's chairman of the Ohio Democratic Party.

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Speaker 1: The People's House is the name of the book, The

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Speaker 1: People's House, Jack Sharp novil Um. It's uh, it's a

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Speaker 1: political thriller that predicted the Russia saga. Hey, David, let's

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Speaker 1: check in closer to election day. Tell me what's going

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Speaker 1: on in the Buckeye State. In the Buckeye State, not

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Speaker 1: the Hawk Eye state. I'm slave deprived, the Buckeye State.

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Speaker 1: David Pepper, chairman of the Democratic Party. Coming up, We're

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Speaker 1: gonna check in with what's going on in the markets,

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Speaker 1: and then we'll talk more about whatever whatever you want

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Speaker 1: to I don't think you can call it a debate.

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Speaker 1: I'm not even trying to be you know, funny here

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Speaker 1: or glib or smug or whatever you I don't think

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Speaker 1: you can call last night of debate. It was three

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Speaker 1: people talking over one another day. Oh, I'm Kevin Sireli.

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

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Speaker 1: with Kevin Surrel on Bloomberg and one oh five point

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

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Speaker 1: Surreley and chief Washington correspondent for Bloomberg Television and Bloomberg Radio. Yeah,

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Speaker 1: we're gonna slowly get through last night. There's a lot

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Speaker 1: to uncover. Adam Goodman, he's one of the best in

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Speaker 1: the bills. Adam Goodman is going to join us all

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Speaker 1: next hour. I said, Adam, I gotta talk to you.

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Speaker 1: I called him this morning. I said, out of my

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Speaker 1: guy to talk to you. Please come on the show.

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Speaker 1: He's a Republican media strategist. And you know I used

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Speaker 1: to advise Katie kirk Um. I said, please come on

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Speaker 1: the show. I don't know, I don't even know how

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Speaker 1: do you even unravel last night? So he's gonna he's

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Speaker 1: gonna walk all of us off the ledge because he's

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Speaker 1: he's been around a long time. I don't even know.

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Speaker 1: Can you be excited for the second debate? I mean,

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Speaker 1: at this point, the debate commissions now saying that they're

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Speaker 1: gonna they they're considering reportedly considering having a button for

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Speaker 1: the moderator. Steve Scully, c span st Scully, Penn states

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Speaker 1: Steve Scully, um, where they can like turn off the microphone.

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Speaker 1: How does that so, how's that gonna work? I don't know.

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Speaker 1: I don't know. We're gonna get through it. We're gonna

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Speaker 1: get through it. Uh. What happened in the markets today?

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Speaker 1: Let's let's let's go there. Let's I never thought I

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Speaker 1: would say that. Let's talk about Let's talk about the markets.

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Speaker 1: Um U S stocks finished higher after a volatile session.

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Speaker 1: That's all traders whip slid by reports on the outlook

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Speaker 1: for a new round of government stimulus, Okay, stimulus stocks

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Speaker 1: heating up. The SPI next climb pent parring gains of

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Speaker 1: as much as one point seven percent after Secretary Venusian

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Speaker 1: said that there had been no agreement on pandemic relief,

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Speaker 1: though talks would continue, they've got that point two or

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Speaker 1: two point four trillion House Democratic deal. Joining us on

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Speaker 1: the line to answer and navigate through Wall Street, Sarah

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Speaker 1: p Check she is Bloomberg marked. Punch checks. Sorry, Sarah.

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Speaker 1: Sarah poun checks on the line's Bloomberg market supporters. Sarah,

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Speaker 1: what happened in the markets today? That's okay, Kevin. At

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Speaker 1: least if last night's debate was confusing, at least markets

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Speaker 1: you can put a number on. So that's why you're

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Speaker 1: excited to talk about it today. Something other. I'm like,

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Speaker 1: so sick of talking about that debate. I'm not I

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Speaker 1: know I shouldn't say that on air. I apologize, but

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Speaker 1: I mean it was just brutal. I mean, it was

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Speaker 1: go ahead, it was and at least I mean I

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Speaker 1: would say that when you have numbers of some structure.

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Speaker 1: But still the stock market has been all over the place,

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Speaker 1: and it really began last night during the debate. I mean,

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Speaker 1: in the middle of the debate, you looked at stock futures,

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Speaker 1: for example, of seven tenths of a percent. Then as

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Speaker 1: soon as it ended, we just saw that rally completely fade,

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Speaker 1: and at one point overnight futures were down more than

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Speaker 1: one percent In plenty of emails from investors this morning.

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Speaker 1: Really the only unifying steam surrounding what happened in the

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Speaker 1: debates and what that would mean for the markets was

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Speaker 1: that it really just highlighted the fact that maybe it's

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Speaker 1: true that we will have a contested election, will wake

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Speaker 1: up on November four, we won't have a final answer

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Speaker 1: of who is going to be the next president. But

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Speaker 1: asked for what happened in the traking session, I mean,

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Speaker 1: you just read the headlines. You know the headlines better

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Speaker 1: than anyone else, And all day it was just this

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Speaker 1: back and forth over that fiscal four package. And in

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Speaker 1: the beginning of the day, Manusian did come out and

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Speaker 1: say that they were going to give it one more

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Speaker 1: serious try, and ever since it seemed like that really

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Speaker 1: did ignite hope for investors that maybe we actually can

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Speaker 1: get a fiscal four package, that it's back on the table.

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Speaker 1: But just back and forth throughout the day, some pretty

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Speaker 1: wild swings, and it all ended with Manusian coming out

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Speaker 1: and saying there's still no agreement on stimulus steal, so

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Speaker 1: still waiting and seeing well, and there's forty airline workers

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Speaker 1: in America who are going to lose billion dollars worth

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Speaker 1: of stimulus that the airline company's got and and and

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Speaker 1: qualified for by not having any layoffs. Well, that expires

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Speaker 1: tonight at midnight. I mean, so the consequences of the

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Speaker 1: of the inaction coming from both parties in Washington, d C.

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Speaker 1: On fiscal stimulus reverberating throughout the airports of America. And

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Speaker 1: that's just a microcosm of of a data point. I mean,

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Speaker 1: you've got thirteen point one million unemployment that that the

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Speaker 1: Labor Department can even calculate. There's millions more, um that

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Speaker 1: we don't even know about. By the way, fiscal stimulus

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Speaker 1: not something that came up last night, not something that

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Speaker 1: was significantly even talked about. They spent more time, Sarah,

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Speaker 1: relitigating two thousand and eight than talking about the at least,

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Speaker 1: and I'm putting it as a low ball. US thirteen

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Speaker 1: point one million Americans who are unemployed. Do you believe that?

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Speaker 1: I mean, as an economist, it's a massive shocker. Okay,

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Speaker 1: so you know, so, uh well, we'll talk more about

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Speaker 1: that to Bate coming up. Okay, So let me ask you, though,

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Speaker 1: how has Wall Street do they understand now and and

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Speaker 1: and based upon the market news today and the developments

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Speaker 1: in the analysis the last night, they now seem to

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Speaker 1: have baked in volatility coming not just on November third, fourth, fifth,

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Speaker 1: and sixth, but maybe even into December. Unpackaged that for us. Right, So,

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Speaker 1: there is a gage what's called the VIX, and it's

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Speaker 1: basically seen as the fear gauge for the stock market.

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Speaker 1: And the way that it works that it is based

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Speaker 1: off of options trading um but it's a measure of

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Speaker 1: volatility and it's very classically used. But you can trade

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Speaker 1: vic's futures and if you look at what futures are

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Speaker 1: trading for for the ZIX, what investors are paying for

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Speaker 1: November contracts or December contracts, we've seen a so called

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Speaker 1: premium baked in. So what that means is that investors

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Speaker 1: are paying more to buy volatility in those further out

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Speaker 1: months worried about a set election. That is really what

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Speaker 1: this narrative has been and you see it reflected in markets.

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Speaker 1: And I also want to point out today that if

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Speaker 1: you just look at spot VIX trading today, we actually

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Speaker 1: saw the VIX, the measure of volatility increased today alongside

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Speaker 1: the stock market. B SMP finishing up about eight tenths

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Speaker 1: of a percent. That's typically not what you see. Usually

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Speaker 1: when you see stocks rise, you see measures of volatility fall.

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Speaker 1: But this weird, strange dynamic was something that we saw

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Speaker 1: in late August and early September before we actually had

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Speaker 1: that stock correction. So this does kind of sound off

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Speaker 1: alarm bells when you see this dynamic moving together, it's

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Speaker 1: it's it's yeah, alarm bells. Absolutely, where are the safe

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Speaker 1: havens right now? We hear a lot about Japan for example,

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Speaker 1: where where are some of the safe havens? As as UH,

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Speaker 1: the US markets look to be incredibly volatile over the

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Speaker 1: next two to three months. What's been amazing to me

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Speaker 1: is that throughout the year of what has become as

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Speaker 1: they haven has been your megacap technology shares. And yes,

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Speaker 1: that was where the correction was focused, but we have

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Speaker 1: seen that almost return because as you mentioned, you think

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Speaker 1: of airlines UH now floating more layoffs. Many people are

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Speaker 1: not going to be getting benefits soon as the physical

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Speaker 1: packages do run out, UH and if we do not

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Speaker 1: get another one approved or passed. I should say at

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Speaker 1: the same time, today you hear the likes of Disney

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Speaker 1: or last night actually announced twenty eight thousand job cuts

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Speaker 1: were also I see I gotta, I gotta, I gotta

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Speaker 1: separate because it bears repeating because we we we lose sight.

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Speaker 1: We rattle out these numbers and I'm I mean twenty

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Speaker 1: eight thousand people justin Disney alone. Disney says it's it's

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Speaker 1: massive go ahead. So you think about how many companies

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Speaker 1: out there are still being affected by COVID nineteen, the coronavirus,

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Speaker 1: what that means for employees at these businesses. Well, as

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Speaker 1: it turns out, many of these megacap tech companies have

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Speaker 1: been unaffected. Some of them have even benefited. Do you

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Speaker 1: think of Amazon, which is actually hiring plenty of people

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Speaker 1: to deal with demand right now, So they have remained

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Speaker 1: this quasi safe haven, and we continue just to see

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Speaker 1: people return to that trade time and again. Really remarkable.

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Speaker 1: Tell me one thing on your radar, whether it's for

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Speaker 1: for this week or for the rest of you, Tell

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Speaker 1: me one thing on your radar for the rest of

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Speaker 1: this week. We got like forty five seconds left. There's

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Speaker 1: so much, so much to watch, but I would say

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Speaker 1: one thing on my radar. Yes, it is a backward

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Speaker 1: looking data point, but you have the payroll support on Friday,

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Speaker 1: and as we discussed these massive layoffs that are really

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Speaker 1: occurring from industry to industry. As I mentioned, it's backward looking,

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Speaker 1: but it's still going to give us a nice understanding

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Speaker 1: of what the labor market recovery looks like, has looked like,

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Speaker 1: and where we now stand if it's cooling from the

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Speaker 1: summer months or if we continue to see improvement. Okay, Sarah,

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Speaker 1: be honest. Did you watch the whole debate? I just

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Speaker 1: I did. I stayed up the whole time. I did

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Speaker 1: not go down as I know many people did. Um,

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Speaker 1: I almost I couldn't take my eye away. Kevin, You

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Speaker 1: know what better you than me? Because I I just

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Speaker 1: I gotta be honest. If I didn't have to do that,

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Speaker 1: I would have been like, I can't. This is brutal.

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Speaker 1: They're all talking over each Yeah, I know. If you know,

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Speaker 1: it's just here we go. Buckle up. You don't even

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Speaker 1: need to know what the VIX is. You know it's

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Speaker 1: gonna be volatile. Sarah pod Jack, thank you so much,

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Speaker 1: Bloomberg Markets reporter. My name is Kevin Surley on, the

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Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

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Speaker 1: You're listening to Bloomberg in nine one. Why how do

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

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

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Speaker 1: States relationship with China? Bloomberg sound off, the insiders, the influencers,

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

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Speaker 1: stepping up like never before. We're looking at SEVENY Kennedy

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Speaker 1: for different vaccines. How do we make sure a pandemic

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

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Speaker 1: on with Kevin's relate on Bloomberg and one oh five

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Speaker 1: point seven f M h D two The Morning m O.

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Speaker 1: You are n I MG after tobate night in America.

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Speaker 1: We're gonna talk about the policy plus fiscal stimulus, socks

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Speaker 1: and there's still hope. The market liked to today. Lots

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Speaker 1: to get through. We've got an all star panel to

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Speaker 1: drive us home. We're done, We're done. We've got a

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Speaker 1: great panel, and Adam Goodman's gonna be with me for

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Speaker 1: the hour. I always I'm grateful the Adams, Adam Goodman

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Speaker 1: and Adam Hodge are gonna be with me for the

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Speaker 1: for the hour. As we as we get through last

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Speaker 1: night Adam Goodman's with me, Republican media strategist, columnists and

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Speaker 1: partner of Ballard Partners in Washington, d C. And Adam Hodge,

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Speaker 1: Senior vice president at Aerial Investments. Good then, where do

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Speaker 1: we begin? Where do we begin? I read your column

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Speaker 1: in the Hill, our friends over there at the Hill

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Speaker 1: with Bob Cuzack, and and you know, I I just

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Speaker 1: I don't even it wasn't even enjoy it. I don't

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Speaker 1: think you can call it a debate at all. I mean, honestly,

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Speaker 1: I come from an Irish Italian Catholic family, Adam Goodman,

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Speaker 1: and we don't even have three people talking at once.

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Speaker 1: And it was I'm not even trying to be funny.

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Speaker 1: I mean it was. I couldn't follow it. It was

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Speaker 1: three people talking at once for ninety minutes. I I

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Speaker 1: genuinely had a headache. And I'm not I'm not being funny,

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Speaker 1: it was it was. I I'm speechless, Adam Goodman, Well,

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Speaker 1: what was built as must watch television became unwatchable. It

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Speaker 1: was unbelievable, right, And the comments I've gotten from a

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Speaker 1: lot of people in the field on both ends has

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Speaker 1: been that how disturbing, unnerving, um uncalled for that debate,

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Speaker 1: whatever we want to call it. Last night was America

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Speaker 1: really tuned in to try to get some answers to

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Speaker 1: a lot of questions they have. UH. And this isn't

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Speaker 1: just about you know, campaigns trying to position um ideologies,

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Speaker 1: trying to uh to you know, to go up against

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Speaker 1: each other to provide Americans the career choice. It really

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Speaker 1: was an opportunity for America to get the message. But

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Speaker 1: what was what happened last night is not just the

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Speaker 1: President and Vice President Biden, but Chris Wallace, all three

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Speaker 1: of them, uh looked completely overwhelmed by the moment. And

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Speaker 1: the biggest losers of the night. They know one can

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Speaker 1: claim victory took last night. The biggest losers were us

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Speaker 1: because in essence, Kevin, what we were seeing was us

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Speaker 1: on stage last night, you know, debating, uh, disagreeing, chiding,

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Speaker 1: uh abusing. It was an absolute display. I think of

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Speaker 1: what much of America has become in the now moment. Well,

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Speaker 1: I think six any time, I'm so sick and tired

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Speaker 1: of people saying, well, is that is it gonna change anything?

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Speaker 1: Is anyone gonna change your mind? You know what people

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Speaker 1: tune into a debate to see even if the person

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Speaker 1: who is who is UH debating that they don't they

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Speaker 1: might not even think they're gonna win. I mean, you

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Speaker 1: watch a debate because you want to be informed about

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Speaker 1: the direction of the country. You want to learn something

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Speaker 1: about the policy on the economy. Yesterday, Disney announcing twenty

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Speaker 1: eight thousand jobs gonna be acted as a result of

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Speaker 1: the pandemic. Today at midnight, forty American forty thou jobs

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Speaker 1: in the airline industry are at risk because that's when

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Speaker 1: the benefits for the funds of twenty five billion dollars

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Speaker 1: that were passing the first round of stimulus, that's when

426
00:23:39,840 --> 00:23:42,240
Speaker 1: they're when they run out. So all those airline companies

427
00:23:42,240 --> 00:23:44,480
Speaker 1: that were keeping people on the payroll to qualify for

428
00:23:44,520 --> 00:23:46,760
Speaker 1: that money runs out tonight as a result of the

429
00:23:46,800 --> 00:23:49,680
Speaker 1: inaction of the next round of stimulus. Adam Hodge, you

430
00:23:49,680 --> 00:23:51,880
Speaker 1: worked at the Treasury Department in the Obama White House.

431
00:23:52,320 --> 00:23:55,600
Speaker 1: Now you're Senior Vice president Aerial Investments. They spent more

432
00:23:55,600 --> 00:23:58,560
Speaker 1: time relitigating two thousand and eight than talking about the

433
00:23:58,600 --> 00:24:02,679
Speaker 1: thirteen point one million Americans. And that's a low ball estimate.

434
00:24:02,680 --> 00:24:06,080
Speaker 1: According to the Labor Department the low ball estimate of

435
00:24:06,119 --> 00:24:09,440
Speaker 1: Americans who were out of work in two thousand and twenty. Today,

436
00:24:11,040 --> 00:24:14,359
Speaker 1: you know that's that's exactly right. It was frustrating, I

437
00:24:14,400 --> 00:24:17,320
Speaker 1: think for all of us. I know, um, I definitely

438
00:24:17,359 --> 00:24:21,119
Speaker 1: needed a shower after the debate last night, but like

439
00:24:21,160 --> 00:24:23,320
Speaker 1: reading some of the headlines this morning, I saw to

440
00:24:23,440 --> 00:24:27,000
Speaker 1: take take a third shower. It was just there, just brutal, uh.

441
00:24:27,040 --> 00:24:31,000
Speaker 1: And I think nobody was was well served by the

442
00:24:31,080 --> 00:24:34,680
Speaker 1: format and someone encouraged to see some news this afternoon

443
00:24:34,680 --> 00:24:37,159
Speaker 1: that they're trying to alter the formatting a little bit

444
00:24:37,200 --> 00:24:40,760
Speaker 1: to make it more palatable for the American people. I

445
00:24:40,800 --> 00:24:46,560
Speaker 1: think the bottom line that Trump had a bigger UH,

446
00:24:47,080 --> 00:24:50,040
Speaker 1: had a bigger need to have a great night or

447
00:24:50,160 --> 00:24:56,280
Speaker 1: to convey some element of um command. And because the

448
00:24:56,359 --> 00:25:00,639
Speaker 1: polls obviously are really tough for him right now, and

449
00:25:00,920 --> 00:25:04,119
Speaker 1: nothing that happened last night and his approach to the

450
00:25:04,200 --> 00:25:08,760
Speaker 1: to the debate, nothing fundamentally altered the landscape of the race.

451
00:25:08,840 --> 00:25:11,720
Speaker 1: And so we have i think, close to two more

452
00:25:11,720 --> 00:25:13,960
Speaker 1: weeks before the next debate, and so it's hard to

453
00:25:14,000 --> 00:25:17,399
Speaker 1: see another moment um where Trump's going to have a

454
00:25:17,440 --> 00:25:21,360
Speaker 1: stage to to change things. And certainly after the audience,

455
00:25:21,680 --> 00:25:24,960
Speaker 1: after people tune out last night. I'm sure the numbers

456
00:25:25,000 --> 00:25:27,480
Speaker 1: are gonna are going to dwindle significantly between now in

457
00:25:27,520 --> 00:25:29,600
Speaker 1: the next debate. I mean, I was just I don't

458
00:25:29,600 --> 00:25:31,800
Speaker 1: know why you would even want to. I don't even

459
00:25:31,880 --> 00:25:34,119
Speaker 1: know Where do we go from here? Adam gimman a

460
00:25:34,200 --> 00:25:38,240
Speaker 1: spin it forward for us, because you've got, uh, where

461
00:25:38,240 --> 00:25:40,120
Speaker 1: do we go from here? Steve Scully of sees Ban

462
00:25:40,359 --> 00:25:44,480
Speaker 1: on of October going to be moderating the debate in

463
00:25:44,560 --> 00:25:49,920
Speaker 1: Miami at the town hall style format. Reportedly the Commission

464
00:25:49,960 --> 00:25:52,840
Speaker 1: on US Debates they're considering I guess having a button

465
00:25:52,960 --> 00:25:55,800
Speaker 1: where the moderator could could shut off the mic. I

466
00:25:55,840 --> 00:25:57,960
Speaker 1: guess if they go over time? Where do we go

467
00:25:58,040 --> 00:26:01,240
Speaker 1: from here? Where? Where do we go from here? Well,

468
00:26:01,400 --> 00:26:03,240
Speaker 1: hopefully this is to a better place than where we

469
00:26:03,240 --> 00:26:05,800
Speaker 1: were last night. I don't disagree with the other atom.

470
00:26:05,800 --> 00:26:07,320
Speaker 1: By the way happened two Adams on the show is

471
00:26:07,359 --> 00:26:11,879
Speaker 1: great because that must have been the other Atom that

472
00:26:11,960 --> 00:26:16,040
Speaker 1: said it right. I always kind of um. But there

473
00:26:16,080 --> 00:26:18,800
Speaker 1: were some things that in a more serious note, there

474
00:26:18,920 --> 00:26:20,520
Speaker 1: were there were some things that kind of came out

475
00:26:20,600 --> 00:26:23,040
Speaker 1: last night, and know the presses hepped up about We're

476
00:26:23,040 --> 00:26:24,879
Speaker 1: going to talk about that in the next segment, but

477
00:26:24,920 --> 00:26:26,800
Speaker 1: we only have I want to first. I want to

478
00:26:26,840 --> 00:26:29,119
Speaker 1: keep a focus on where we're going forward, because I

479
00:26:29,160 --> 00:26:31,600
Speaker 1: think we're going to dive into the policy, I promise,

480
00:26:31,840 --> 00:26:33,679
Speaker 1: and I want to get there throughout the hour. But

481
00:26:33,760 --> 00:26:38,000
Speaker 1: tell me where we go from here. Americans are still

482
00:26:38,040 --> 00:26:41,600
Speaker 1: starving for information. It's the same way they felt going

483
00:26:41,640 --> 00:26:45,359
Speaker 1: into last night. They want information, and and I was

484
00:26:45,520 --> 00:26:48,359
Speaker 1: I'm not you know, obviously, I've been doing this for

485
00:26:48,400 --> 00:26:51,040
Speaker 1: a long time, and I've been involved in a lot

486
00:26:51,080 --> 00:26:54,119
Speaker 1: of campaigns on a lot of polling. Uh, polling has

487
00:26:54,160 --> 00:26:56,640
Speaker 1: become much more difficult these days. And when I see

488
00:26:56,640 --> 00:26:59,639
Speaker 1: a pole or any poll suggesting where the race is,

489
00:27:00,240 --> 00:27:02,480
Speaker 1: I take that with a grain of salt. This is

490
00:27:02,520 --> 00:27:06,040
Speaker 1: a different kind of environment. We live in a cancer, cancer,

491
00:27:06,320 --> 00:27:10,000
Speaker 1: cancel culture environment. And because of that you saw you

492
00:27:10,000 --> 00:27:12,119
Speaker 1: can see a lot of the polls, the refused to

493
00:27:12,160 --> 00:27:15,080
Speaker 1: answer number has gone up to six seven eight percent

494
00:27:15,160 --> 00:27:17,640
Speaker 1: in some of these polls. I don't believe any of them.

495
00:27:17,680 --> 00:27:20,560
Speaker 1: I do believe that Americans are looking for something to

496
00:27:20,720 --> 00:27:23,359
Speaker 1: haven't yet found. That's what they're looking for. And I

497
00:27:23,359 --> 00:27:25,920
Speaker 1: still think I know this sounds crazy, but with I

498
00:27:26,080 --> 00:27:28,399
Speaker 1: plus weeks ago. There's a lot of time left in

499
00:27:28,440 --> 00:27:31,040
Speaker 1: the clock in a race that just a week ago

500
00:27:31,160 --> 00:27:35,000
Speaker 1: didn't have a Supreme Court opening to deal with. Things

501
00:27:35,040 --> 00:27:38,679
Speaker 1: are moving, things are changing fast, and I think whatever

502
00:27:38,800 --> 00:27:41,639
Speaker 1: is going to happen next Kevin and my other atom,

503
00:27:41,840 --> 00:27:45,639
Speaker 1: uh is something we can hardly predict. I love that

504
00:27:45,680 --> 00:27:50,360
Speaker 1: we're now referring to it as my other atom. We're

505
00:27:50,359 --> 00:27:52,280
Speaker 1: coming up, we're gonna talk all about that. I'm gonna

506
00:27:52,320 --> 00:27:56,360
Speaker 1: play for you some of my reporting with Congressman Jim

507
00:27:56,440 --> 00:28:00,320
Speaker 1: Jordan's and as well. Uh, we're gonna be in with

508
00:28:00,359 --> 00:28:03,440
Speaker 1: Congressman Andy barr And and Marsha Blackburnt at the top

509
00:28:03,440 --> 00:28:05,840
Speaker 1: of the hour, and uh, we heard from the chairman

510
00:28:05,880 --> 00:28:10,480
Speaker 1: of the the Ohio Democratic Party. And it's just remarkable.

511
00:28:10,520 --> 00:28:13,840
Speaker 1: It's like we're all living in virtual, virtual, different realities

512
00:28:13,880 --> 00:28:16,240
Speaker 1: in terms of our news feeds, our social feeds and

513
00:28:16,240 --> 00:28:18,240
Speaker 1: the like. But I just go back to this one point.

514
00:28:18,600 --> 00:28:20,679
Speaker 1: I don't care if you think President Trump doesn't have

515
00:28:20,680 --> 00:28:22,600
Speaker 1: a shot. I don't care if you think that Joe

516
00:28:22,640 --> 00:28:25,000
Speaker 1: Biden doesn't have a shot. It's not the only reason

517
00:28:25,040 --> 00:28:27,439
Speaker 1: you tune into a debate. You tune into a debate

518
00:28:27,480 --> 00:28:29,399
Speaker 1: because you're a citizen of the country and you have

519
00:28:29,480 --> 00:28:32,640
Speaker 1: a right to figure out the direction of the country.

520
00:28:32,960 --> 00:28:35,800
Speaker 1: If that's the direction our country of three people talking

521
00:28:35,840 --> 00:28:38,800
Speaker 1: all over, I mean, it's impossible to learn. And this

522
00:28:38,880 --> 00:28:42,600
Speaker 1: economic calamity that we're all in, that's limited all of

523
00:28:42,600 --> 00:28:47,760
Speaker 1: our choices, that we can't figure out where we're even

524
00:28:47,800 --> 00:28:50,400
Speaker 1: going from a rebound. But we're gonna relitigate two thousand

525
00:28:50,440 --> 00:28:53,080
Speaker 1: and eight. I don't believe it. I'm Kevin Surreli. You're

526
00:28:53,080 --> 00:29:02,440
Speaker 1: listening to Bloomberg Nune and nine one. You're listening to

527
00:29:02,560 --> 00:29:07,200
Speaker 1: Bloomberg Sound on with Kevin Sirel on Bloomberg and one

528
00:29:07,200 --> 00:29:10,040
Speaker 1: A five point seven a m h D. Two. Well,

529
00:29:10,120 --> 00:29:11,760
Speaker 1: we're going to deliver it right away. We have the

530
00:29:11,760 --> 00:29:14,880
Speaker 1: military all set up logistically, they're all set up. We

531
00:29:15,000 --> 00:29:17,760
Speaker 1: have our military that delivers soldiers and they can do

532
00:29:17,840 --> 00:29:20,520
Speaker 1: two hundred thousand a day. They're going to be this

533
00:29:20,680 --> 00:29:25,680
Speaker 1: is the same man. By easter, this would be gone away,

534
00:29:25,880 --> 00:29:29,080
Speaker 1: by the warm weather. It be gone miraculous, like a miracle.

535
00:29:29,440 --> 00:29:31,240
Speaker 1: And by the way, maybe you could inject some bleach

536
00:29:31,280 --> 00:29:32,800
Speaker 1: in your arm and that would take care of it.

537
00:29:33,080 --> 00:29:38,600
Speaker 1: This is a sarcastic said so here's the deal. This

538
00:29:38,680 --> 00:29:43,360
Speaker 1: man is talking about a vaccine. Every serious every serious

539
00:29:43,440 --> 00:29:47,480
Speaker 1: company is talking about maybe having a vaccine done by

540
00:29:47,520 --> 00:29:49,520
Speaker 1: the end of the year, but the distribution of that

541
00:29:49,600 --> 00:29:52,640
Speaker 1: vaccine will not occurred sometime beginning to the middle of

542
00:29:52,720 --> 00:29:56,880
Speaker 1: next year. To get it out, I'm Kevin Sireli, chief

543
00:29:56,880 --> 00:29:59,840
Speaker 1: fashion to correspondent for Bloomberg Television and for Bloomberg Radio.

544
00:29:59,840 --> 00:30:05,000
Speaker 1: There they were, I was in Cleveland talking about the vaccines.

545
00:30:05,880 --> 00:30:07,800
Speaker 1: You know. Bottom line, I still think that we're gonna

546
00:30:08,040 --> 00:30:09,880
Speaker 1: based on all the experts, that there's going to be

547
00:30:09,880 --> 00:30:12,280
Speaker 1: one within the next nine to twelve months. All Right,

548
00:30:12,320 --> 00:30:14,080
Speaker 1: I've got the Adams with me for the hour, and

549
00:30:14,120 --> 00:30:16,480
Speaker 1: coming up, we're gonna check in with Congressman Andy not

550
00:30:16,600 --> 00:30:20,160
Speaker 1: Adam Andy Barr Adam Hodd. She's a senior vice president

551
00:30:20,200 --> 00:30:22,640
Speaker 1: of Aerial Investments. And of course you worked in the

552
00:30:22,640 --> 00:30:27,200
Speaker 1: Obama Treasury Department. Hey, Adam, who's going to be a

553
00:30:27,200 --> 00:30:33,920
Speaker 1: Biden Treasury secretary? Who? That is a good question. I

554
00:30:33,960 --> 00:30:40,040
Speaker 1: think caught off guard a little bit. I think I

555
00:30:40,040 --> 00:30:43,160
Speaker 1: think it'll be certainly will be a woman or a

556
00:30:43,160 --> 00:30:45,280
Speaker 1: person of color. I feel pretty strongly about that. I

557
00:30:45,320 --> 00:30:48,760
Speaker 1: think Little Brainers has certainly been the name that has

558
00:30:48,760 --> 00:30:54,160
Speaker 1: been mentioned most often. You know, she was a phenomenal

559
00:30:54,520 --> 00:30:59,360
Speaker 1: uh when she worked for with the Jack LEEU when

560
00:30:59,360 --> 00:31:01,200
Speaker 1: I when I was they're at the U. S. Treasury

561
00:31:01,240 --> 00:31:03,440
Speaker 1: and so I think and her time at the Fed

562
00:31:03,480 --> 00:31:06,960
Speaker 1: has has been, um, certainly interesting. She's been making a

563
00:31:06,960 --> 00:31:10,240
Speaker 1: lot of news recently on on how the economy should

564
00:31:10,240 --> 00:31:14,560
Speaker 1: work better for um, for black and brown folks, and

565
00:31:14,640 --> 00:31:17,360
Speaker 1: that's not something that has typically been at the front

566
00:31:17,360 --> 00:31:19,920
Speaker 1: and center of the bed mandate. But I think good

567
00:31:19,920 --> 00:31:23,680
Speaker 1: looking at where the economy will be uh if Biden

568
00:31:23,840 --> 00:31:26,680
Speaker 1: is president, I think that that puts her in good stead.

569
00:31:27,120 --> 00:31:29,440
Speaker 1: You know, certainly, Um, you're going to hear a lot

570
00:31:29,480 --> 00:31:32,520
Speaker 1: of people talk about Roger Ferguson at t I a

571
00:31:32,600 --> 00:31:36,280
Speaker 1: craft um, someone who has uh you know, been at

572
00:31:36,720 --> 00:31:38,640
Speaker 1: at the FED and has a lot of experience and

573
00:31:38,720 --> 00:31:42,880
Speaker 1: so UM I think, Um. The bottom line is Biden

574
00:31:42,960 --> 00:31:45,960
Speaker 1: is spoiled for for choice and boys to make history

575
00:31:46,040 --> 00:31:49,160
Speaker 1: with his pick. And I think it's be an exciting moment.

576
00:31:49,360 --> 00:31:52,320
Speaker 1: You mentioned race, especially about how the Central Bank is

577
00:31:52,440 --> 00:31:58,000
Speaker 1: having to uh to to gravel with the moment that

578
00:31:58,080 --> 00:32:00,800
Speaker 1: we're in, uh the overdue moment out we're in out

579
00:32:00,800 --> 00:32:03,200
Speaker 1: of Givens also with US. He's a Republican media strategist

580
00:32:03,320 --> 00:32:06,360
Speaker 1: at a partner at Ballard Partners in Washington. Adam Goodman,

581
00:32:06,600 --> 00:32:10,200
Speaker 1: you know, one of the moments that Republicans, every Republican

582
00:32:10,280 --> 00:32:13,880
Speaker 1: was asked about today, including the White House, was about

583
00:32:13,920 --> 00:32:16,600
Speaker 1: that white supremacist moment. And I want to play it

584
00:32:16,720 --> 00:32:20,680
Speaker 1: because I you know here it is. Here's the the

585
00:32:20,680 --> 00:32:24,400
Speaker 1: white supremacist moment from last night. Here it is. Almost

586
00:32:24,440 --> 00:32:27,160
Speaker 1: everything I see is from the left wing, not from

587
00:32:27,160 --> 00:32:31,120
Speaker 1: the right. I'm willing to do anything. I want to

588
00:32:31,120 --> 00:32:35,800
Speaker 1: see peace. Do you want to call him? What do

589
00:32:35,840 --> 00:32:38,920
Speaker 1: you want to call him? Give me a name, give me,

590
00:32:41,960 --> 00:32:44,720
Speaker 1: stand back and stand by. But I'll tell you what.

591
00:32:45,000 --> 00:32:47,720
Speaker 1: I'll tell you what. Somebody's got to do something about

592
00:32:47,760 --> 00:32:59,920
Speaker 1: Antifa and the left out of given there was yeah,

593
00:33:00,000 --> 00:33:04,800
Speaker 1: it would you like my comment, Well, let's say you

594
00:33:04,880 --> 00:33:08,120
Speaker 1: are highs and lows in a debate. That wasn't one

595
00:33:08,160 --> 00:33:10,960
Speaker 1: of the President's eyes to say the least. I mean,

596
00:33:11,760 --> 00:33:14,600
Speaker 1: it was. It was a straight question and it deserved

597
00:33:14,600 --> 00:33:17,600
Speaker 1: a straight answer. It had a second part of the

598
00:33:17,800 --> 00:33:21,080
Speaker 1: question though that was suggested by the president that was

599
00:33:21,120 --> 00:33:23,680
Speaker 1: never a post which also has to be does he

600
00:33:24,040 --> 00:33:25,920
Speaker 1: I have to jump it. Does he have to Does

601
00:33:25,960 --> 00:33:27,760
Speaker 1: he have to clarify that? I mean he hasked to

602
00:33:27,760 --> 00:33:33,120
Speaker 1: clarify I think so. And Tim Scott and Tim Scott

603
00:33:33,120 --> 00:33:36,520
Speaker 1: Today Senator Tim Scott, a Republican from South Carolina who

604
00:33:36,800 --> 00:33:38,920
Speaker 1: he gave one of the best speeches at the Republican

605
00:33:39,000 --> 00:33:41,520
Speaker 1: National Convention. He was asked about this. He's the only

606
00:33:41,520 --> 00:33:44,520
Speaker 1: African American Republican senator in the Senate. And he was

607
00:33:44,560 --> 00:33:47,480
Speaker 1: asked about this moment on Capitol Hill. Uh and and

608
00:33:47,480 --> 00:33:51,120
Speaker 1: and he said, essentially, I want to I want to

609
00:33:51,160 --> 00:33:54,840
Speaker 1: read it precisely. Quote. I think he misspoke in response

610
00:33:54,880 --> 00:33:57,720
Speaker 1: to Chris Wallace's comment. He was asking Chris what he

611
00:33:57,800 --> 00:34:00,840
Speaker 1: wanted him to say. I think he missed spoke. I

612
00:34:00,880 --> 00:34:03,680
Speaker 1: think he should correct it. If he doesn't correct it,

613
00:34:03,840 --> 00:34:08,120
Speaker 1: I guess he didn't misspeak. End quote. I mean Adam Goodman,

614
00:34:08,280 --> 00:34:12,840
Speaker 1: Senator Tim Scott is saying, correct this, Mr President. I

615
00:34:12,880 --> 00:34:15,680
Speaker 1: think the whole party would like to see the president correct.

616
00:34:15,719 --> 00:34:20,240
Speaker 1: That party also would like to see this president um

617
00:34:20,360 --> 00:34:22,400
Speaker 1: the next time he has was on a stage like

618
00:34:22,480 --> 00:34:25,200
Speaker 1: this to really bring it in terms of what he

619
00:34:25,280 --> 00:34:28,279
Speaker 1: believes and what it what's in it. Kevin, this is

620
00:34:28,320 --> 00:34:31,479
Speaker 1: what was really what was really missing last night? What's

621
00:34:31,480 --> 00:34:34,520
Speaker 1: in it for us? Okay, so we get it, you

622
00:34:34,560 --> 00:34:37,920
Speaker 1: don't like each other, You're coming from different places. Uh,

623
00:34:38,000 --> 00:34:40,719
Speaker 1: you get You've shown you can both be pugilistic. Now

624
00:34:41,160 --> 00:34:44,640
Speaker 1: what is in it for us? And that was completely

625
00:34:44,680 --> 00:34:48,320
Speaker 1: absent from the discussion last night. The President, frankly, Kevin

626
00:34:48,360 --> 00:34:51,000
Speaker 1: has a lot he can talk about that, I think

627
00:34:51,000 --> 00:34:54,359
Speaker 1: it's fair to say, has been somewhat underplayed or at

628
00:34:54,400 --> 00:34:57,720
Speaker 1: times ignored by the mainstream media. A lot of things.

629
00:34:57,719 --> 00:35:00,400
Speaker 1: He's got to get out there informationally, so people have

630
00:35:00,480 --> 00:35:03,680
Speaker 1: more knowledge about what the three and a half nearly

631
00:35:03,719 --> 00:35:06,200
Speaker 1: four years have been about than they had today. That

632
00:35:06,239 --> 00:35:09,239
Speaker 1: didn't happen last night. And one of the questions I

633
00:35:09,280 --> 00:35:11,800
Speaker 1: was going to get into is before you you wanted

634
00:35:11,920 --> 00:35:16,719
Speaker 1: you drove appropriately for the scot combat was Antifa? This

635
00:35:16,800 --> 00:35:19,800
Speaker 1: is this is first of all, this is a term

636
00:35:19,840 --> 00:35:23,520
Speaker 1: that was unknown to America just a couple of months ago.

637
00:35:23,719 --> 00:35:26,719
Speaker 1: It's very known now because at the heart of Antifa,

638
00:35:26,880 --> 00:35:32,440
Speaker 1: the flag they carry high and proudly shows their support

639
00:35:32,480 --> 00:35:35,840
Speaker 1: for communism and anarchy, and there at the heart of

640
00:35:35,880 --> 00:35:38,600
Speaker 1: a lot of the violence that happened has been happy

641
00:35:38,719 --> 00:35:41,440
Speaker 1: certainly in Portland, probably in some of the other major cities.

642
00:35:41,880 --> 00:35:43,839
Speaker 1: That has to be asked and answered. As the vice

643
00:35:43,880 --> 00:35:47,120
Speaker 1: president who was trying to straddle the line. You saw

644
00:35:47,440 --> 00:35:49,840
Speaker 1: you said the most difficult moment, and then I'll step

645
00:35:49,840 --> 00:35:52,600
Speaker 1: back here. The most difficult moment the Vice president maybe

646
00:35:52,640 --> 00:35:55,960
Speaker 1: had last night, which was overwhelmed by all the cacaffey,

647
00:35:56,960 --> 00:35:59,680
Speaker 1: was when he was put on the spot to talk

648
00:35:59,719 --> 00:36:03,160
Speaker 1: about law and order. Just like I think it's fair

649
00:36:03,200 --> 00:36:06,600
Speaker 1: to say that President Obama had a lot of places

650
00:36:06,640 --> 00:36:09,279
Speaker 1: where he was comfortable Kevin. One place he was not

651
00:36:10,000 --> 00:36:13,800
Speaker 1: was pushing the button in terms of rejecting military strength overseas.

652
00:36:13,880 --> 00:36:16,280
Speaker 1: I think the same thing isn't play for Joe Biden

653
00:36:16,320 --> 00:36:18,600
Speaker 1: when it comes to law and order. He has freaked

654
00:36:18,640 --> 00:36:20,879
Speaker 1: out a little bit for about saying the wrong thing

655
00:36:20,920 --> 00:36:23,880
Speaker 1: and violating part of his base, and that needs to

656
00:36:23,920 --> 00:36:29,000
Speaker 1: be examined more thoroughly moving forward. Yeah, you know, And

657
00:36:29,120 --> 00:36:32,040
Speaker 1: you know what, though, no matter what, how what you're

658
00:36:32,920 --> 00:36:35,360
Speaker 1: there's no way to look at the moment we just

659
00:36:35,400 --> 00:36:39,400
Speaker 1: played and to think that the President didn't fumble and

660
00:36:39,520 --> 00:36:42,920
Speaker 1: cloud that entire messaging that you just point out because

661
00:36:42,920 --> 00:36:47,080
Speaker 1: you couldn't clearly articulate denouncing a white supremacist group. I'm

662
00:36:47,160 --> 00:37:01,919
Speaker 1: Kevin Sireli. This is Bloomberg Gun did I want you're

663
00:37:01,960 --> 00:37:05,839
Speaker 1: listening to Bloomberg Sound On with Kevin Curreley on Bloomberg

664
00:37:06,920 --> 00:37:09,239
Speaker 1: and one oh five point seven f M h D two.

665
00:37:10,560 --> 00:37:12,480
Speaker 1: All right, we're gonna talk more about the debate. I

666
00:37:12,520 --> 00:37:15,880
Speaker 1: promise not that I think anyone. I think we all

667
00:37:15,920 --> 00:37:18,880
Speaker 1: want to forget about that debate. I'm Kevin's really chief

668
00:37:18,880 --> 00:37:21,920
Speaker 1: Washington correspondent for Bloomberg Television and from Bloomberg Radio. I

669
00:37:21,960 --> 00:37:25,120
Speaker 1: want to talk to you you about China relations, something that

670
00:37:25,160 --> 00:37:27,560
Speaker 1: also didn't come up much last night that I thought

671
00:37:27,600 --> 00:37:30,480
Speaker 1: we were going to get some more geo policy news on.

672
00:37:31,400 --> 00:37:33,200
Speaker 1: But we've got Congressman Andy Barr on the line. He's

673
00:37:33,239 --> 00:37:36,960
Speaker 1: a Republican from Kentucky six Congressional District. I want to

674
00:37:37,000 --> 00:37:39,320
Speaker 1: get the debate out of the way first. What do

675
00:37:39,400 --> 00:37:41,840
Speaker 1: you think of the debate you got? I mean, I

676
00:37:41,920 --> 00:37:43,719
Speaker 1: don't know how anyone could What do you think of

677
00:37:43,760 --> 00:37:47,080
Speaker 1: the debate? Congressman brutal Well, I don't think either of

678
00:37:47,120 --> 00:37:52,279
Speaker 1: the candidates changed any minds. I think, uh, you know, clearly, uh,

679
00:37:52,760 --> 00:37:55,760
Speaker 1: this was the kind of debate that the American people

680
00:37:56,280 --> 00:37:59,680
Speaker 1: probably cringed a few times, but the President was strong

681
00:37:59,719 --> 00:38:04,440
Speaker 1: and obviously UH was very eager, I would say, to

682
00:38:04,480 --> 00:38:07,480
Speaker 1: get his points across and and refute UH some of

683
00:38:07,520 --> 00:38:12,120
Speaker 1: the narrative from from Vice President Biden. But in any event,

684
00:38:12,160 --> 00:38:15,839
Speaker 1: I don't think it changed many minds. Uh. But to

685
00:38:15,880 --> 00:38:18,560
Speaker 1: your point, Um, there's some major issues that were not

686
00:38:18,640 --> 00:38:20,879
Speaker 1: addressed in last night's debate, and I think the next

687
00:38:20,920 --> 00:38:24,120
Speaker 1: debate is going to be more focused on national security

688
00:38:24,160 --> 00:38:26,920
Speaker 1: and foreign policy, and this issue about the threat from

689
00:38:26,960 --> 00:38:29,719
Speaker 1: the Chinese Communist Party needs to be part of the discussion.

690
00:38:29,760 --> 00:38:34,440
Speaker 1: And it's related to the coronavirus and COVID, and I

691
00:38:34,480 --> 00:38:39,080
Speaker 1: applaud President Trump and his administration for for actually taking

692
00:38:39,320 --> 00:38:43,320
Speaker 1: the threat from China seriously. It doesn't it doesn't seem

693
00:38:43,360 --> 00:38:48,200
Speaker 1: that Vice President Biden is doing the same. Okay, So

694
00:38:48,320 --> 00:38:51,200
Speaker 1: let's let's unpack now where things stand. Because there is

695
00:38:51,600 --> 00:38:54,400
Speaker 1: you're a part of a working group Republican House of

696
00:38:54,440 --> 00:38:58,240
Speaker 1: working group that that submitted to report to Leader McCarthy

697
00:38:58,440 --> 00:39:01,400
Speaker 1: earlier today. Tell us a about how this group came about,

698
00:39:01,800 --> 00:39:03,759
Speaker 1: and then we'll dive into the policy of it. But

699
00:39:03,760 --> 00:39:06,839
Speaker 1: but because there's also another bipartisan working group. But this

700
00:39:06,920 --> 00:39:10,280
Speaker 1: is a separate This is a Republican contingency of of

701
00:39:10,280 --> 00:39:14,440
Speaker 1: of what Republicans in the House think that the policy

702
00:39:14,520 --> 00:39:17,680
Speaker 1: towards China ought to be. Well, just to be clear,

703
00:39:17,800 --> 00:39:21,879
Speaker 1: this was Leader McCarthy approached a Speaker Pelosi last year,

704
00:39:22,440 --> 00:39:25,520
Speaker 1: before the virus, before the origins of the pandemic and Wuhan,

705
00:39:26,000 --> 00:39:28,280
Speaker 1: and said, you know, we need to prepare the United

706
00:39:28,360 --> 00:39:31,680
Speaker 1: States in a bipartisan way, prepared the United States for

707
00:39:31,760 --> 00:39:36,600
Speaker 1: the multidecade strategic competition that we will be facing from

708
00:39:36,600 --> 00:39:40,400
Speaker 1: the People's Republic of China. And initially the Speaker agreed,

709
00:39:40,480 --> 00:39:46,040
Speaker 1: and unfortunately, after impeachment and after the virus outbreak uh

710
00:39:46,080 --> 00:39:49,439
Speaker 1: the Speaker backed away. And it's regrettable because this needs

711
00:39:49,440 --> 00:39:51,640
Speaker 1: to be a bipartisan issue. We viewed it as a

712
00:39:51,640 --> 00:39:55,959
Speaker 1: bipartisan issue, and the recommendations over four hundred policy recommendations

713
00:39:56,000 --> 00:39:59,560
Speaker 1: included in our report included over two thirds of those

714
00:39:59,560 --> 00:40:02,719
Speaker 1: recommend nations were bipartisan in nature. Some of them were

715
00:40:02,760 --> 00:40:08,160
Speaker 1: Democrat bills, but nevertheless, we recognize are very useful ideas

716
00:40:08,320 --> 00:40:13,200
Speaker 1: encountering Chinese aggression. So okay, So, so when is the

717
00:40:13,960 --> 00:40:17,000
Speaker 1: do you think that this is procedurally speaking, because then

718
00:40:17,000 --> 00:40:19,640
Speaker 1: we're going to dive into the report, but procedurally speaking,

719
00:40:20,280 --> 00:40:22,399
Speaker 1: this is the one area where I actually think there's

720
00:40:22,440 --> 00:40:25,839
Speaker 1: a lot of agreement on between Republicans and Democrats. Do

721
00:40:25,920 --> 00:40:28,719
Speaker 1: you think that there What has the response been from

722
00:40:28,719 --> 00:40:30,719
Speaker 1: some of these ideas, not necessarily from the report, but

723
00:40:30,760 --> 00:40:32,520
Speaker 1: on some of these ideas that we're going to talk about,

724
00:40:33,280 --> 00:40:37,960
Speaker 1: Is there are many of these nonpartisans? Yes, yes, So

725
00:40:37,960 --> 00:40:39,840
Speaker 1: I'll give you a couple of examples. So I co

726
00:40:39,960 --> 00:40:44,439
Speaker 1: chaired the Economics and Energy subgroup. And look, obviously we're

727
00:40:44,480 --> 00:40:48,040
Speaker 1: focused on the origins of the pandemic, the Chinese communist

728
00:40:48,080 --> 00:40:51,880
Speaker 1: parties cover up and misinformation disinformation campaign that allowed and

729
00:40:52,040 --> 00:40:55,120
Speaker 1: enabled the virus to spread. We're looking at the CCPs

730
00:40:55,440 --> 00:40:58,920
Speaker 1: human rights violations, their expansionist aggression. They're built up of

731
00:40:58,960 --> 00:41:03,360
Speaker 1: their military uh, their cyber attacks, the the theft of

732
00:41:03,400 --> 00:41:07,440
Speaker 1: intellectual property. But we're also looking at their economic warfare.

733
00:41:07,840 --> 00:41:11,120
Speaker 1: And so to that end, when we look at Chinese

734
00:41:11,200 --> 00:41:15,600
Speaker 1: companies that are listed on US exchanges, we think that

735
00:41:15,680 --> 00:41:19,799
Speaker 1: we need to protect American investors, investors that deploy their

736
00:41:19,840 --> 00:41:22,520
Speaker 1: capital on those exchanges, to make sure that there's a

737
00:41:22,600 --> 00:41:25,400
Speaker 1: level playing field in terms of the rules. So if

738
00:41:25,440 --> 00:41:28,200
Speaker 1: you're a US company and you are a public company,

739
00:41:28,200 --> 00:41:32,880
Speaker 1: and you you subject yourself to the accounting rules of

740
00:41:33,200 --> 00:41:37,279
Speaker 1: the United States. Uh, your auditors have to open up

741
00:41:37,280 --> 00:41:40,600
Speaker 1: the books to the public company Accounting Oversight Board. Well,

742
00:41:40,640 --> 00:41:43,359
Speaker 1: that's not the case if you're a Chinese party, a

743
00:41:43,400 --> 00:41:47,920
Speaker 1: state owned Chinese party supported company, a state owned enterprise

744
00:41:48,600 --> 00:41:53,120
Speaker 1: that's part of the civil military fusion in in China.

745
00:41:53,719 --> 00:41:56,680
Speaker 1: They are not subject to the same accounting oversight. And

746
00:41:56,719 --> 00:41:59,799
Speaker 1: so it's a matter of investor protection as much as

747
00:41:59,800 --> 00:42:04,400
Speaker 1: that as it is denying capital to Chinese companies that

748
00:42:04,400 --> 00:42:07,440
Speaker 1: are supporting the People's Liberation Army or the Chinese military.

749
00:42:07,760 --> 00:42:10,120
Speaker 1: So it's a it's a major national security issue, and

750
00:42:10,160 --> 00:42:12,760
Speaker 1: I would I would note that that that bill passed

751
00:42:12,760 --> 00:42:15,239
Speaker 1: the Senate in a bipartisan way with Senator Kennedy's bill,

752
00:42:15,280 --> 00:42:18,440
Speaker 1: a Republican from Louisiana. But in the House, in the

753
00:42:18,440 --> 00:42:20,919
Speaker 1: House Financial Services Committee, the committee on which I serve,

754
00:42:21,320 --> 00:42:23,799
Speaker 1: it's a it's a bill, a bipartisan bill led by

755
00:42:23,960 --> 00:42:27,080
Speaker 1: a Democrat from California, Brad Sherman. We think that's a

756
00:42:27,200 --> 00:42:30,680
Speaker 1: very sensible idea and it's a bipartisan idea that needs

757
00:42:30,719 --> 00:42:35,640
Speaker 1: to pass the Congress. Immediately UM. And then sanctions is

758
00:42:35,680 --> 00:42:39,000
Speaker 1: another area. We passed the toughest economic sanctions ever directed

759
00:42:39,000 --> 00:42:42,920
Speaker 1: at North Korea that were that targeted as secondary sanctions

760
00:42:43,040 --> 00:42:47,080
Speaker 1: and imposed secondary sanctions on Chinese banks that facilitate the

761
00:42:47,080 --> 00:42:53,240
Speaker 1: illicits and anna of North Korea. Well, a bipartisan effort, Yeah, exactly,

762
00:42:53,280 --> 00:42:55,680
Speaker 1: and so so Congressman any Bars on the line. Uh,

763
00:42:55,920 --> 00:42:57,640
Speaker 1: and they just he's part of a working group of

764
00:42:57,640 --> 00:43:00,560
Speaker 1: House Republicans that released a really detail it's a hundred

765
00:43:00,560 --> 00:43:04,960
Speaker 1: and forty pages UH of of policy proposals of analysis

766
00:43:05,000 --> 00:43:07,759
Speaker 1: on the Communist Party of China and and really just

767
00:43:08,239 --> 00:43:10,840
Speaker 1: uh some some really nuanced ways, and it really dives

768
00:43:10,840 --> 00:43:13,600
Speaker 1: into the weeds. And I say this, it really is

769
00:43:13,680 --> 00:43:17,240
Speaker 1: the blueprint or the playbook called which you want for

770
00:43:17,480 --> 00:43:21,440
Speaker 1: at least Republican UM ideology in terms of policy and

771
00:43:21,440 --> 00:43:24,600
Speaker 1: where it's moving. I'm very fascinated to see if we're

772
00:43:24,640 --> 00:43:28,440
Speaker 1: gonna get a similar document from Democrats, because you know,

773
00:43:28,520 --> 00:43:31,120
Speaker 1: like I said, it's it's so hard to find outlets

774
00:43:31,120 --> 00:43:34,319
Speaker 1: and forums nowadays where you can actually try to, you know,

775
00:43:34,480 --> 00:43:36,920
Speaker 1: figure out where policy is moving toward. I guess we

776
00:43:36,960 --> 00:43:39,480
Speaker 1: can't trust I'm gonna I'm gonna bring it up, Congressman,

777
00:43:39,520 --> 00:43:42,920
Speaker 1: I guess we can't even trust presidential debate. Yeah, I mean,

778
00:43:42,960 --> 00:43:46,040
Speaker 1: I think, Look, we're in a politically charged time. It

779
00:43:46,160 --> 00:43:49,520
Speaker 1: is disappointing to see Speaker Pelosi not step up to

780
00:43:49,560 --> 00:43:54,480
Speaker 1: the plate and offer bipartisan support for countering Chinese aggression,

781
00:43:54,520 --> 00:43:56,640
Speaker 1: for getting to the bottom of the origins of the

782
00:43:56,680 --> 00:43:59,359
Speaker 1: pandemic and the role that the Chinese Communist Party had

783
00:43:59,360 --> 00:44:02,800
Speaker 1: in the enabling the spread of this disease that's killed

784
00:44:03,000 --> 00:44:06,440
Speaker 1: over two million human beings and destroyed the global economy

785
00:44:06,440 --> 00:44:09,960
Speaker 1: in many respects. Um, this should be a bipartisan effort

786
00:44:10,000 --> 00:44:13,400
Speaker 1: that the the Vice president, former Vice President Biden also

787
00:44:13,840 --> 00:44:16,640
Speaker 1: wants to misdirect away from this issue. But I applaud

788
00:44:17,120 --> 00:44:21,560
Speaker 1: any legislator or uh certainly President Trump for focusing attention

789
00:44:21,600 --> 00:44:24,240
Speaker 1: on this has everything to do with with the virus,

790
00:44:24,360 --> 00:44:27,920
Speaker 1: and when you think about how we we should respond

791
00:44:28,480 --> 00:44:31,680
Speaker 1: to this, we have to consider what the Chinese Communist

792
00:44:31,719 --> 00:44:34,799
Speaker 1: Party did after the virus began to spread and became

793
00:44:34,800 --> 00:44:37,360
Speaker 1: a global pandemic. Congress, can I can I jump in

794
00:44:37,400 --> 00:44:40,360
Speaker 1: here and specifically can I? Well, that's what I was.

795
00:44:40,440 --> 00:44:42,680
Speaker 1: That's exactly because only I only have you for two

796
00:44:42,680 --> 00:44:44,719
Speaker 1: more minutes. So I wanted to get this in on

797
00:44:44,760 --> 00:44:48,880
Speaker 1: the supply chain and on funding for technologies of the future,

798
00:44:49,000 --> 00:44:51,960
Speaker 1: because you could I'm not blaming either party here, but

799
00:44:52,360 --> 00:44:54,960
Speaker 1: one could really make the case that America lost out

800
00:44:55,000 --> 00:44:57,239
Speaker 1: on five G. Okay, so what are we gonna do

801
00:44:57,280 --> 00:45:00,560
Speaker 1: about six G and making sure that Western allies and

802
00:45:00,600 --> 00:45:03,120
Speaker 1: whatnot a future technologies and technologies that we haven't even

803
00:45:03,160 --> 00:45:06,840
Speaker 1: thought of on it on artificial intelligence is protected and

804
00:45:06,960 --> 00:45:10,319
Speaker 1: not uh, you know, taking advantage of by the by

805
00:45:10,400 --> 00:45:15,319
Speaker 1: the Communist party. Right. We have many recommendations on technology,

806
00:45:15,400 --> 00:45:21,560
Speaker 1: an entire subgroup on artificial intelligence, quantum community shooting semiconductors.

807
00:45:22,280 --> 00:45:24,960
Speaker 1: But with respect to all of the supply chain, whether

808
00:45:25,000 --> 00:45:29,920
Speaker 1: it's technology, five G, telecommunications, or medical supplies and pharmaceuticals,

809
00:45:29,960 --> 00:45:34,640
Speaker 1: we clearly need uh to build resiliency and on shore

810
00:45:34,760 --> 00:45:37,840
Speaker 1: a lot of these technologies and prevent the theft of

811
00:45:38,480 --> 00:45:42,839
Speaker 1: US technology by by the Chinese and so uh uh

812
00:45:43,200 --> 00:45:45,160
Speaker 1: and they still in different ways. It's it's not just

813
00:45:45,440 --> 00:45:49,920
Speaker 1: through cyber attacks, it's also through academic espionage on our campuses.

814
00:45:50,000 --> 00:45:53,000
Speaker 1: We we want to stand up more FBI agents to

815
00:45:53,120 --> 00:45:58,840
Speaker 1: collaborate with US research institutions to um the theft of

816
00:45:58,840 --> 00:46:02,279
Speaker 1: of of our intellectual property on college campuses. And you've

817
00:46:02,320 --> 00:46:07,160
Speaker 1: seen arrests by the FBI of Chinese nationals trying to

818
00:46:07,200 --> 00:46:13,280
Speaker 1: steal our critical research, even our COVID vaccine research arrested

819
00:46:13,320 --> 00:46:17,719
Speaker 1: O'hao State and University of Florida and Empry and University

820
00:46:17,719 --> 00:46:22,000
Speaker 1: of Arkansas. So the Chinese are trying to steal our research,

821
00:46:22,080 --> 00:46:27,040
Speaker 1: our technology, UH in many different ways. And because of

822
00:46:27,080 --> 00:46:29,800
Speaker 1: the pandemic, I think the United States hasn't woken to

823
00:46:30,040 --> 00:46:33,880
Speaker 1: the real that's the Chinese Timmis Party posess to not

824
00:46:34,000 --> 00:46:37,000
Speaker 1: just the United States, but the entire free world. Congressman

825
00:46:37,000 --> 00:46:39,000
Speaker 1: any Bar, thank you so much, Sarah for your time.

826
00:46:39,239 --> 00:46:41,680
Speaker 1: He's a Republican from Kentucky. On a busy day for him,

827
00:46:41,719 --> 00:46:44,600
Speaker 1: they released that hundred of forty page report on a

828
00:46:44,680 --> 00:46:49,160
Speaker 1: very detailed policy oriented proposals. I'm Kevin Seerley Moore. Next,

829
00:46:49,320 --> 00:46:57,839
Speaker 1: you're listening Bloomberg Night and I one, this is Bloomberg

830
00:46:58,040 --> 00:47:02,680
Speaker 1: Sound On with Kevin surrelate on Bloomberg and one oh

831
00:47:02,800 --> 00:47:06,280
Speaker 1: five point seven f M h D two. I'm Kevin Sirley,

832
00:47:06,360 --> 00:47:09,600
Speaker 1: Chief Washington corresponder to Bloomberg Television and for Bloomberg Radio.

833
00:47:10,719 --> 00:47:14,400
Speaker 1: Adam Hodges with me as well as Adam Goodman. Adam

834
00:47:14,520 --> 00:47:17,600
Speaker 1: is a Adam Gotta say It's fun. Adam Hodge as

835
00:47:17,600 --> 00:47:20,279
Speaker 1: a senior vice president of Aerial Investments Outam Goodman is

836
00:47:20,280 --> 00:47:23,440
Speaker 1: a Republican media strategist, columnist, and partner at Ballard Partners

837
00:47:23,480 --> 00:47:27,560
Speaker 1: in Washington, d C. Goodman's down in Florida, and I

838
00:47:27,680 --> 00:47:30,360
Speaker 1: kinda I wish I was in Florida. I wish I

839
00:47:30,400 --> 00:47:35,640
Speaker 1: was on a beach. Goodman where where in Florida? See

840
00:47:35,719 --> 00:47:38,520
Speaker 1: that just shows you as much as you know, where

841
00:47:38,560 --> 00:47:45,480
Speaker 1: everything everybody is and everything that's happening. I'm actually right now, um,

842
00:47:45,560 --> 00:47:49,239
Speaker 1: hiding out doing my columns and my work, hidding me

843
00:47:49,280 --> 00:47:52,439
Speaker 1: in the tranquil of the main coastline, so to show

844
00:47:52,480 --> 00:47:56,040
Speaker 1: you how incredible America is and giving us those kinds

845
00:47:56,040 --> 00:47:58,600
Speaker 1: of opportunities to take in the rest of the news.

846
00:47:59,760 --> 00:48:04,799
Speaker 1: I am even more jealous of Adam good I would

847
00:48:04,840 --> 00:48:10,440
Speaker 1: give anything to be on the beach. Okay, Adam Hodge

848
00:48:11,280 --> 00:48:15,880
Speaker 1: or three of us. I wish I'm gonna plot my

849
00:48:16,000 --> 00:48:22,040
Speaker 1: escape again. Yeah again? Okay, yeah, well I'm still plotting mine.

850
00:48:22,440 --> 00:48:25,400
Speaker 1: Adam Hodge. I wanted to go back to what we

851
00:48:25,400 --> 00:48:27,279
Speaker 1: were talking about earlier in the show before I got

852
00:48:27,920 --> 00:48:30,960
Speaker 1: drowned out by the clock, as they say in the biz,

853
00:48:31,239 --> 00:48:34,600
Speaker 1: um about that about the moment of of of talking

854
00:48:34,600 --> 00:48:37,480
Speaker 1: about white supremacy. They came up today and and you know,

855
00:48:37,640 --> 00:48:44,840
Speaker 1: I wanted to hear your your your analysis. Well, I

856
00:48:44,880 --> 00:48:48,440
Speaker 1: think it was obviously as as Adam Rightley said, it

857
00:48:48,480 --> 00:48:51,640
Speaker 1: was a brutal moment for him. Um. But it was

858
00:48:51,640 --> 00:48:56,120
Speaker 1: particularly brutal because it reinforced the negative views that I

859
00:48:56,160 --> 00:48:58,840
Speaker 1: think a lot of people already had about Trump's character.

860
00:48:58,920 --> 00:49:02,680
Speaker 1: And I run of me oddly enough of um when

861
00:49:02,680 --> 00:49:05,760
Speaker 1: I was on the Obama campaign in twelve when Romney

862
00:49:05,800 --> 00:49:11,840
Speaker 1: had take which everyone UM probably can remember, and it

863
00:49:11,920 --> 00:49:14,920
Speaker 1: did reinforce for for a lot of voters this perception

864
00:49:14,920 --> 00:49:18,480
Speaker 1: that Romney was, you know, rich elite person who didn't

865
00:49:19,080 --> 00:49:23,640
Speaker 1: you couldn't understand the struggles are real Americans. The moment

866
00:49:23,719 --> 00:49:28,480
Speaker 1: last night, UM, it really did similarly reinforce the negative views, um,

867
00:49:28,560 --> 00:49:30,880
Speaker 1: that I think people have about Trump and his character,

868
00:49:31,440 --> 00:49:34,319
Speaker 1: and particularly for for African American voters, who's to see

869
00:49:34,400 --> 00:49:38,000
Speaker 1: this election as really a life or death moment. And

870
00:49:38,040 --> 00:49:41,520
Speaker 1: so going forward, I think you're going to see the

871
00:49:41,520 --> 00:49:45,720
Speaker 1: Biden campaign try to bring make this Carton Center because

872
00:49:45,880 --> 00:49:49,000
Speaker 1: it does speak to not only President Trump's character. You

873
00:49:49,000 --> 00:49:53,440
Speaker 1: would think disavowing white supremacists would be hard. Um, so

874
00:49:53,600 --> 00:49:55,520
Speaker 1: it should be easy. But you know, this is the

875
00:49:55,560 --> 00:49:58,600
Speaker 1: same person who in sixteen, when he was asked about

876
00:49:58,640 --> 00:50:01,080
Speaker 1: the support for David Duke, contended that he didn't know

877
00:50:01,080 --> 00:50:05,440
Speaker 1: who David Duke was. And so, um, it obviously stood

878
00:50:05,440 --> 00:50:10,640
Speaker 1: out and I think greatly. So all right, what's it's

879
00:50:10,680 --> 00:50:13,959
Speaker 1: time now for what's on your radar? Adam Goodman? What's

880
00:50:13,960 --> 00:50:19,799
Speaker 1: on your radar? Gosh, my radar is completely broken after

881
00:50:19,920 --> 00:50:22,200
Speaker 1: last night. I mean I went, I was looking for

882
00:50:22,280 --> 00:50:26,160
Speaker 1: my radars of the morning. That's that's gonna go on

883
00:50:26,239 --> 00:50:29,240
Speaker 1: my journal. That's gonna go on my journal. Adam Giveman's

884
00:50:29,360 --> 00:50:33,480
Speaker 1: radar was completely broken last night. What's the radar? It's broken,

885
00:50:33,840 --> 00:50:35,600
Speaker 1: It's broken. I don't have a compass that I don't

886
00:50:35,600 --> 00:50:38,680
Speaker 1: have a radar? Go ahead, didman see see Kevin? That

887
00:50:38,719 --> 00:50:43,880
Speaker 1: gives you me? Oh? Is it? Go ahead? You're broke up?

888
00:50:43,880 --> 00:50:47,320
Speaker 1: Are you there? Talked about? And get okay? So here's

889
00:50:47,400 --> 00:50:50,799
Speaker 1: here's here's what I think I'm really looking forward to. Um.

890
00:50:50,840 --> 00:50:52,799
Speaker 1: And I hate to say it because I think after

891
00:50:52,840 --> 00:50:54,399
Speaker 1: the last night. You don't want to hear the word again.

892
00:50:54,960 --> 00:50:57,000
Speaker 1: It's the next debate. But the next debate, the vice

893
00:50:57,040 --> 00:51:01,320
Speaker 1: presidential debate, And this is this is a particularly significant

894
00:51:01,360 --> 00:51:07,200
Speaker 1: one because with Americans going into last night believing there

895
00:51:07,360 --> 00:51:11,080
Speaker 1: is some issue with the mental acuity with the vice president,

896
00:51:11,760 --> 00:51:15,239
Speaker 1: his choice of running mate suddenly becomes that much more significant.

897
00:51:15,280 --> 00:51:18,960
Speaker 1: And in a way, Kamala Harris Uh in this debate

898
00:51:19,040 --> 00:51:20,920
Speaker 1: and or one debate against Mike Patt's, who I think

899
00:51:21,000 --> 00:51:23,640
Speaker 1: is going to actually do very well UH and maybe

900
00:51:23,840 --> 00:51:27,640
Speaker 1: show this stability and sturdiness that that the president maybe

901
00:51:27,719 --> 00:51:31,120
Speaker 1: didn't do a great job and conveying last night. She's

902
00:51:31,160 --> 00:51:34,200
Speaker 1: gonna be going through an audition for president. I think

903
00:51:34,239 --> 00:51:35,600
Speaker 1: a lot of people are going to take a look

904
00:51:35,600 --> 00:51:39,520
Speaker 1: to Kamala Harrison. Say, God forbid, if Joe Biden and

905
00:51:39,600 --> 00:51:42,440
Speaker 1: Kamala Harris are elected and Joe Biden doesn't make it

906
00:51:42,480 --> 00:51:46,120
Speaker 1: the whole way, is Kamala Harris ready to take the

907
00:51:46,200 --> 00:51:49,200
Speaker 1: reins of power from day one? That is a heavier

908
00:51:49,239 --> 00:51:52,560
Speaker 1: burden on a vice presidential debate than anything I think

909
00:51:52,600 --> 00:51:56,480
Speaker 1: I can remember in my lifetime. Yeah, I mean, I

910
00:51:56,800 --> 00:51:58,959
Speaker 1: think you're absolutely right. I mean, and I think people

911
00:51:59,000 --> 00:52:02,040
Speaker 1: are gonna actually also think there could be I want

912
00:52:02,040 --> 00:52:03,960
Speaker 1: to live in a world where people watch that debate

913
00:52:03,960 --> 00:52:08,960
Speaker 1: and say, Wow, that's how a debate should go. That's all. Look,

914
00:52:09,000 --> 00:52:12,400
Speaker 1: they answer questions, they get a little you know, cheeky

915
00:52:12,520 --> 00:52:15,439
Speaker 1: jabs in, but it's nothing. You know, we can understand them.

916
00:52:15,600 --> 00:52:17,480
Speaker 1: You know, I missed, I missed those days. I guess

917
00:52:17,480 --> 00:52:19,880
Speaker 1: I'm an old soul. I guess I'm an old soul.

918
00:52:19,920 --> 00:52:24,600
Speaker 1: But it's all over h Adams underdar buddy. So this

919
00:52:24,719 --> 00:52:28,440
Speaker 1: is a classic knowing your audience. Uh. I'm actually looking

920
00:52:28,480 --> 00:52:32,120
Speaker 1: forward to the job support that that comes out next.

921
00:52:32,360 --> 00:52:36,799
Speaker 1: I think, um, it will be a real indication of

922
00:52:36,880 --> 00:52:43,080
Speaker 1: just how um the economy and then the job picture. Um.

923
00:52:43,239 --> 00:52:45,920
Speaker 1: I just continue to to soften as I think, um,

924
00:52:46,719 --> 00:52:50,319
Speaker 1: some of the research suggests and it you know, does

925
00:52:50,360 --> 00:52:53,560
Speaker 1: that give Biden another piece of of AMMO to take

926
00:52:53,600 --> 00:52:56,719
Speaker 1: into the last couple of weeks of the campaign and

927
00:52:57,120 --> 00:52:59,759
Speaker 1: we won't get that left job report, I don't think,

928
00:53:00,120 --> 00:53:03,919
Speaker 1: or everybody votes November three. So that's the thing that's

929
00:53:03,920 --> 00:53:07,839
Speaker 1: on my radar. I gotta admitted probably was last mine

930
00:53:07,880 --> 00:53:10,280
Speaker 1: after the end of the debate and a couple of

931
00:53:10,280 --> 00:53:14,560
Speaker 1: whiskeys probably got a little little hazy um, but it's

932
00:53:14,600 --> 00:53:17,839
Speaker 1: you know, back and that's that's what's it's it's so

933
00:53:17,920 --> 00:53:22,040
Speaker 1: surreal you try to and I think the business community

934
00:53:22,120 --> 00:53:25,719
Speaker 1: is really just trying to make sense of let's just,

935
00:53:26,520 --> 00:53:28,799
Speaker 1: regardless of the outcome, just what's going to happen. And

936
00:53:28,840 --> 00:53:30,880
Speaker 1: I think if there's you know, my big takeaways, as

937
00:53:30,880 --> 00:53:33,600
Speaker 1: I've reported on all day, I think the big takeaway

938
00:53:33,640 --> 00:53:35,720
Speaker 1: is that we're not going to have a result November three.

939
00:53:35,800 --> 00:53:38,040
Speaker 1: It could last a couple of weeks, it might even

940
00:53:38,120 --> 00:53:41,359
Speaker 1: last into December. It makes the Supreme Court pick all

941
00:53:41,440 --> 00:53:45,279
Speaker 1: the more important. But behind the bigger economic story and

942
00:53:45,280 --> 00:53:47,279
Speaker 1: in fact, the democratic source of mine on the on

943
00:53:47,360 --> 00:53:50,600
Speaker 1: the on Biden's campaign, you know, was that was asking well,

944
00:53:50,600 --> 00:53:54,919
Speaker 1: why were the markets so so up today? It wasn't

945
00:53:54,920 --> 00:53:57,680
Speaker 1: because of the debate. It's because everyone is training off

946
00:53:57,719 --> 00:54:00,759
Speaker 1: of that or not everyone, but a huge, a huge

947
00:54:00,760 --> 00:54:03,600
Speaker 1: shift in the market is occurring because of the fiscal

948
00:54:03,640 --> 00:54:05,600
Speaker 1: stimulus talks and lack there off. And that's what's on

949
00:54:05,640 --> 00:54:09,040
Speaker 1: my radar, the fiscal stimulus talks, because it has real consequences,

950
00:54:09,560 --> 00:54:13,160
Speaker 1: real consequences too, families, much more than what people tweet,

951
00:54:13,520 --> 00:54:17,040
Speaker 1: what people you know, Instagram all the likes. It's it's

952
00:54:17,560 --> 00:54:20,280
Speaker 1: the policy in Washington, d C. And we got none

953
00:54:20,320 --> 00:54:22,839
Speaker 1: of that, none of it last night. I don't think

954
00:54:22,840 --> 00:54:26,960
Speaker 1: I'm being opinionated. No policy last night. You couldn't understand it.

955
00:54:27,000 --> 00:54:29,480
Speaker 1: Even when they did it. They spent more time relitigating

956
00:54:29,520 --> 00:54:32,000
Speaker 1: two thousand and eight than they did about the economic

957
00:54:32,000 --> 00:54:35,840
Speaker 1: calamity at hand. It's it's disheartening is a word for it.

958
00:54:35,880 --> 00:54:39,600
Speaker 1: My colleagues Rikasson and Billy House, reporting on the Bloomberg terminal. Quote,

959
00:54:39,680 --> 00:54:43,600
Speaker 1: House leaders postponed a vote on a Democrat only stimulus

960
00:54:43,640 --> 00:54:47,040
Speaker 1: bill to give Secretary Monution and Speaker Pelosi one more

961
00:54:47,120 --> 00:54:51,440
Speaker 1: day to negotiate a compromise on the fiscal relief package.

962
00:54:51,560 --> 00:54:54,560
Speaker 1: That headline just crossing the Bloomberg terminal within the last

963
00:54:54,600 --> 00:54:58,239
Speaker 1: half hours. So Secretary Monution and Speaker Pelosi they're gonna

964
00:54:58,239 --> 00:55:01,640
Speaker 1: give it one more day, one day before the House

965
00:55:01,680 --> 00:55:05,880
Speaker 1: Democrats vote on their two point two trillion dollar package

966
00:55:06,400 --> 00:55:09,880
Speaker 1: for the relief bill. We should note just all of

967
00:55:09,920 --> 00:55:12,239
Speaker 1: the millions of Americans who are about to run out

968
00:55:12,680 --> 00:55:15,560
Speaker 1: of of some benefits tonight. The companies that are gonna

969
00:55:15,880 --> 00:55:19,200
Speaker 1: runt out of their benefits, they accepted The AID accepted

970
00:55:19,239 --> 00:55:21,560
Speaker 1: the cash a couple of months ago with the notion

971
00:55:21,600 --> 00:55:23,759
Speaker 1: that they weren't gonna lay anybody off. That that that

972
00:55:23,840 --> 00:55:27,520
Speaker 1: deadlines over tonight. These are the times we live in.

973
00:55:27,560 --> 00:55:30,840
Speaker 1: My thanks to Adam Goodman, My thanks to Adam Hodge. Gents.

974
00:55:30,960 --> 00:55:33,880
Speaker 1: I wish it was a better day, you know what

975
00:55:33,920 --> 00:55:36,160
Speaker 1: I mean. I wish it was a better political day.

976
00:55:36,200 --> 00:55:38,279
Speaker 1: But it's still a beautiful day. Good Man. Give me

977
00:55:38,360 --> 00:55:40,640
Speaker 1: some give me some positivity. On the way out. We

978
00:55:40,800 --> 00:55:43,040
Speaker 1: got like thirty seconds, so make it quick. Okay. I

979
00:55:43,040 --> 00:55:45,839
Speaker 1: know you're on the coast, but give me some good

980
00:55:45,880 --> 00:55:50,560
Speaker 1: give me some good, some good energy. I can tell

981
00:55:50,600 --> 00:55:54,239
Speaker 1: you that the the soul of America is strong. And

982
00:55:54,239 --> 00:55:58,480
Speaker 1: when you you talk to the people in Maine, we're

983
00:55:58,560 --> 00:56:00,200
Speaker 1: up against the clock. I thought you were gonn tell

984
00:56:00,239 --> 00:56:02,279
Speaker 1: me the Eagles. We're gonna beat the Niners. Come on,

985
00:56:02,440 --> 00:56:06,040
Speaker 1: good Man, I'm Kevin Cirelli, Chief Washington corresponded from Bloomberg

986
00:56:06,040 --> 00:56:07,960
Speaker 1: TV and Radio. You're listening to Bloomberg