1 00:00:00,400 --> 00:00:03,200 Speaker 1: Why from our nations this budget thing is going to 2 00:00:03,279 --> 00:00:06,040 Speaker 1: do nothing space forts. I still think it's interesting President 3 00:00:06,040 --> 00:00:09,719 Speaker 1: Trump not playing his cards yet. Headlines Policy and politics 4 00:00:09,760 --> 00:00:15,040 Speaker 1: colliding Floomberg Sound On, the Insiders, the influencers, the insides. 5 00:00:15,160 --> 00:00:17,400 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,440 --> 00:00:20,600 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,600 --> 00:00:22,959 Speaker 1: than it looked in. President Trump was sent here to 8 00:00:23,000 --> 00:00:26,560 Speaker 1: smash conventional norms in a sense. Bernie Sanders has already on. 9 00:00:27,040 --> 00:00:31,680 Speaker 1: This is Bloomberg Sound On with Kevin Surley on Bloomberg 10 00:00:34,760 --> 00:00:39,400 Speaker 1: h D two day after Super Tuesday, and suddenly Joe 11 00:00:39,440 --> 00:00:44,159 Speaker 1: Biden seems to have momentum after shattering expectations. Plus the 12 00:00:44,240 --> 00:00:48,000 Speaker 1: latest on the coronavirus. Congress within the last hour advancing 13 00:00:48,080 --> 00:00:51,199 Speaker 1: that six or that billion dollars worth of packages to 14 00:00:51,320 --> 00:00:56,120 Speaker 1: address the coronavirus itself. And we are going to chat 15 00:00:56,480 --> 00:00:59,160 Speaker 1: on the lates on the front and check in with 16 00:00:59,360 --> 00:01:02,360 Speaker 1: Mike ray In, who is Bloomberg Senior Markets Editor, for 17 00:01:02,360 --> 00:01:04,959 Speaker 1: the latest on the markets as well. I'm Kevin Cirelli, 18 00:01:05,000 --> 00:01:07,240 Speaker 1: Chief Washington correspondent from Bloomberg TV and Radio. It was 19 00:01:07,280 --> 00:01:10,120 Speaker 1: a busy day. It's been a busy twenty four hours 20 00:01:10,240 --> 00:01:13,480 Speaker 1: and uh my neck of the woods. Brendon bucks Back 21 00:01:13,520 --> 00:01:16,560 Speaker 1: and Doug Thornell is as well. Let's get right into it. 22 00:01:16,600 --> 00:01:20,360 Speaker 1: Brendon bucks here, partner at seven Letter and former spokesman 23 00:01:20,480 --> 00:01:23,520 Speaker 1: and adviser to Howse speaker Paul Ryan. Doug Thornell his 24 00:01:23,640 --> 00:01:26,679 Speaker 1: first time on Bloomberg Radio sound On. He's the partner 25 00:01:26,760 --> 00:01:30,680 Speaker 1: and head at s k DK Political and SKDK Nickerbocker. 26 00:01:30,959 --> 00:01:33,440 Speaker 1: I have to say it's I know who doesn't know 27 00:01:33,560 --> 00:01:36,199 Speaker 1: us s k DK, but it doesn't roll off my tongue. 28 00:01:36,280 --> 00:01:38,120 Speaker 1: I still, I still every time I say it, I 29 00:01:38,560 --> 00:01:41,080 Speaker 1: almost screwed it up again. Well, I'm kevin, I'm gonna 30 00:01:41,120 --> 00:01:43,880 Speaker 1: give you a tip, early tip that we're actually going 31 00:01:43,920 --> 00:01:47,240 Speaker 1: to shorten the name to make it easier for for 32 00:01:47,280 --> 00:01:49,880 Speaker 1: you and everyone else to actually say it, because it, yeah, 33 00:01:49,880 --> 00:01:51,520 Speaker 1: it doesn't really roll off the tongue. When does that 34 00:01:51,560 --> 00:01:53,880 Speaker 1: get announced? S k d K Now I'm gonna remember it. 35 00:01:54,160 --> 00:01:56,120 Speaker 1: Uh maybe in the next couple of weeks. All right, Well, 36 00:01:56,200 --> 00:01:58,880 Speaker 1: let me know comes it just got got announced. Former 37 00:01:58,920 --> 00:02:00,960 Speaker 1: media strategist to the d n C. Of course, he's 38 00:02:00,960 --> 00:02:05,400 Speaker 1: as a Democratic insider. Happy super Tuesday day after Yeah, 39 00:02:05,680 --> 00:02:09,600 Speaker 1: same to you. Thank you. Um, we're gonna talk all 40 00:02:09,639 --> 00:02:12,080 Speaker 1: about the coronavirus coming up and again the House passing 41 00:02:12,120 --> 00:02:15,720 Speaker 1: seven point eight billion dollars for emergency virus spending. We're 42 00:02:15,720 --> 00:02:19,120 Speaker 1: gonna check in with my colleague Mike Reagan Limerick, Senior 43 00:02:19,160 --> 00:02:22,480 Speaker 1: Markets Editor. But let's let's start with Super Tuesday. Joementum, 44 00:02:22,639 --> 00:02:26,960 Speaker 1: is it real? Doug Absolutely? Um. Look, I think that 45 00:02:27,639 --> 00:02:30,520 Speaker 1: what happened yesterday was something that we really have have 46 00:02:30,680 --> 00:02:34,480 Speaker 1: not seen in politics. Um. You could say that the 47 00:02:34,600 --> 00:02:38,400 Speaker 1: one thing that resembles it was Hillary Clinton's win in 48 00:02:38,440 --> 00:02:40,919 Speaker 1: New Hampshire in two thousand and eight, but even that 49 00:02:40,919 --> 00:02:43,760 Speaker 1: that was just from state did she cried? Do we 50 00:02:43,800 --> 00:02:45,920 Speaker 1: ever get a verdict on whether or not there were tears? 51 00:02:46,720 --> 00:02:49,239 Speaker 1: I think it's I'm not sure if it's actually been. 52 00:02:50,160 --> 00:02:52,720 Speaker 1: I'm not sure if they've actually determined that or not. 53 00:02:52,800 --> 00:02:55,160 Speaker 1: But it was a huge victory for for Biden. He 54 00:02:55,200 --> 00:03:01,440 Speaker 1: won ten states, Um, one Texas, one Minnesota, which was 55 00:03:01,520 --> 00:03:05,200 Speaker 1: I thought a pretty shocking win. In Massachusetts, which was 56 00:03:05,440 --> 00:03:07,520 Speaker 1: a real blow to Elizabeth Warren who was still in 57 00:03:07,520 --> 00:03:11,280 Speaker 1: the race. Yes, still in the race, and uh yeah, 58 00:03:11,360 --> 00:03:14,360 Speaker 1: look I think the race is fundamentally changed. I would 59 00:03:14,360 --> 00:03:16,839 Speaker 1: expect this is going to be a boom to UH 60 00:03:17,000 --> 00:03:20,840 Speaker 1: Biden's campaign in terms of money, which will help him 61 00:03:20,840 --> 00:03:23,720 Speaker 1: to build out an organization. There's some important states coming 62 00:03:23,800 --> 00:03:27,119 Speaker 1: up in a week which will be favorable to UH, 63 00:03:27,520 --> 00:03:31,640 Speaker 1: to Joe Biden. But Bernie's not dead. Bernie's got an 64 00:03:31,639 --> 00:03:37,800 Speaker 1: amazing organization. Um, he's got speaking just exact politically, He's 65 00:03:37,800 --> 00:03:40,480 Speaker 1: not dead. He raised forty million dollars last month. Wow. 66 00:03:40,520 --> 00:03:41,960 Speaker 1: I mean he's got He's got big bucks, he's got 67 00:03:41,960 --> 00:03:43,880 Speaker 1: the infrastructure. I also can tell you, based upon my 68 00:03:43,960 --> 00:03:47,600 Speaker 1: own reporting, that his team is fired up for a 69 00:03:47,600 --> 00:03:50,560 Speaker 1: contested convention. They feel like they have corrected the mistakes 70 00:03:51,040 --> 00:03:53,680 Speaker 1: that they made or that they feel were unfair from 71 00:03:53,680 --> 00:03:57,800 Speaker 1: the last cycle. Former New York City Mayor Michael Bloomberg UH, 72 00:03:57,960 --> 00:04:01,560 Speaker 1: he dropped out of the race this morning and backed 73 00:04:01,640 --> 00:04:03,720 Speaker 1: Joe Biden. Here, of course, is also the founder and 74 00:04:03,800 --> 00:04:07,240 Speaker 1: majority owner of Bloomberg LP, the parent company of Bloomberg Radio, 75 00:04:07,320 --> 00:04:09,560 Speaker 1: and has endorsed Joe Biden for president. Let's take a 76 00:04:09,560 --> 00:04:13,640 Speaker 1: listen to this from Bloomberg talking about Joe Biden during 77 00:04:13,640 --> 00:04:15,400 Speaker 1: his speech earlier today when he was back in New 78 00:04:15,480 --> 00:04:19,120 Speaker 1: York City. Here's the former mayor. I've known Joe for 79 00:04:19,160 --> 00:04:23,440 Speaker 1: a very long time. I know his decency, his honesty, 80 00:04:23,839 --> 00:04:26,240 Speaker 1: his commitment to the issues that are so important to 81 00:04:26,279 --> 00:04:32,839 Speaker 1: our country, including gun safety, healthcare, climate change, and good jobs. Brandy. 82 00:04:32,920 --> 00:04:35,599 Speaker 1: He's out of the race, he's back in Biden. How 83 00:04:35,600 --> 00:04:40,200 Speaker 1: does that factor into what that means for for Joe Bensum? Yeah, 84 00:04:40,240 --> 00:04:42,160 Speaker 1: I mean I think joementum is real, But I don't 85 00:04:42,160 --> 00:04:45,440 Speaker 1: know that we can necessarily, you know, make any final 86 00:04:45,520 --> 00:04:48,080 Speaker 1: judgments on this. I have to confess last time I 87 00:04:48,160 --> 00:04:50,400 Speaker 1: was here, it was in those heavy days when Bernie 88 00:04:50,440 --> 00:04:52,600 Speaker 1: Sanders was rolling and I was one of those people 89 00:04:52,600 --> 00:04:54,520 Speaker 1: who thought this is probably it, that it is a 90 00:04:54,560 --> 00:04:57,720 Speaker 1: Bernie Sanders versus Donald Trump election, And once again we've 91 00:04:57,720 --> 00:05:00,040 Speaker 1: all been sort of proven wrong. While it was a 92 00:05:00,080 --> 00:05:02,840 Speaker 1: big night obviously for for Joe Biden, I think you're 93 00:05:03,120 --> 00:05:07,360 Speaker 1: right that that Bernie Sanders is not going away. And really, 94 00:05:07,640 --> 00:05:09,520 Speaker 1: I don't know that we can assume that Joe Biden 95 00:05:09,560 --> 00:05:12,640 Speaker 1: has solved some of his biggest problems. He has, he 96 00:05:12,680 --> 00:05:15,520 Speaker 1: has these endorsements, he has this momentum. But you know, 97 00:05:16,120 --> 00:05:18,680 Speaker 1: what we've seen so far as a candidate from Joe 98 00:05:18,720 --> 00:05:21,120 Speaker 1: Biden has been really troubling. And I think a lot 99 00:05:21,200 --> 00:05:23,560 Speaker 1: of people right now are are thinking about Joe Biden 100 00:05:23,640 --> 00:05:27,159 Speaker 1: from the Obama era. But and that was the type 101 00:05:27,160 --> 00:05:29,760 Speaker 1: of Joe Biden that was a front runner for many, 102 00:05:29,800 --> 00:05:32,440 Speaker 1: many months. Um. But then what we started to see 103 00:05:32,600 --> 00:05:35,400 Speaker 1: was the version of Joe Biden and that was a 104 00:05:35,400 --> 00:05:38,280 Speaker 1: lot less inspiring. And now that we had a basically 105 00:05:38,320 --> 00:05:41,279 Speaker 1: a two person race, there's gonna be a lot more 106 00:05:41,480 --> 00:05:45,320 Speaker 1: attention and focus back on Joe Biden. How he answers questions, well, 107 00:05:45,360 --> 00:05:47,680 Speaker 1: how he performs in debates is another one in less 108 00:05:47,680 --> 00:05:50,600 Speaker 1: than two weeks. Uh. And so given that Bernie Sanders 109 00:05:50,760 --> 00:05:53,200 Speaker 1: is prepared for a long race, I think we need 110 00:05:53,520 --> 00:05:57,440 Speaker 1: to be cautious, assuming that Joe Biden is really in 111 00:05:57,480 --> 00:06:00,120 Speaker 1: control at this point. Yeah, Well, look, the one thing 112 00:06:00,160 --> 00:06:02,320 Speaker 1: that Joe Biden has going for him is he's been 113 00:06:02,360 --> 00:06:05,880 Speaker 1: completely vetted both in his Senate career as a chairman 114 00:06:05,920 --> 00:06:09,600 Speaker 1: of multiple committees, when he ran for president twice when 115 00:06:09,640 --> 00:06:12,680 Speaker 1: he was the vice president. He's been totally vetted. There's 116 00:06:12,680 --> 00:06:14,360 Speaker 1: not gonna be a lot of new stuff that comes 117 00:06:14,360 --> 00:06:17,839 Speaker 1: out now. Brendan, I think is pointing to how does 118 00:06:17,880 --> 00:06:20,240 Speaker 1: he perform on the stump. I think we've seen improvements, 119 00:06:20,279 --> 00:06:22,719 Speaker 1: particularly with his stump speech in the last couple of days. 120 00:06:23,520 --> 00:06:25,240 Speaker 1: You know, I think he can't necessarily the same thing 121 00:06:25,240 --> 00:06:28,360 Speaker 1: about Bernie and whether or not he's been totally vetted. Uh, 122 00:06:28,440 --> 00:06:30,880 Speaker 1: he was the front runner. There was very little thrown 123 00:06:30,960 --> 00:06:34,640 Speaker 1: at him by any of the candidates. Um And I 124 00:06:34,640 --> 00:06:36,800 Speaker 1: think he's still sort of the co front runner. And 125 00:06:36,839 --> 00:06:38,720 Speaker 1: I would think that the same scrutiny that you're gonna 126 00:06:38,720 --> 00:06:40,920 Speaker 1: apply to Biden, you have to apply to him. I 127 00:06:40,960 --> 00:06:42,960 Speaker 1: don't disagree at all, and I think that one of 128 00:06:43,000 --> 00:06:47,839 Speaker 1: the main dynamics that have fueled standards rise is a 129 00:06:47,920 --> 00:06:50,400 Speaker 1: lack of vetting, both from the media who never really 130 00:06:50,440 --> 00:06:55,440 Speaker 1: took him seriously and frankly his fellow his his fellow 131 00:06:55,480 --> 00:06:59,040 Speaker 1: candidates who were completely afraid to go after him totally. 132 00:07:00,120 --> 00:07:02,120 Speaker 1: What that does is you end up with the you know, 133 00:07:02,160 --> 00:07:04,600 Speaker 1: these clips that we see of him praising Castro and 134 00:07:04,640 --> 00:07:08,000 Speaker 1: the Revolution. I'm sure there's tons more of that kind 135 00:07:08,000 --> 00:07:09,560 Speaker 1: of stuff that's gonna continue to come out, and it's 136 00:07:09,560 --> 00:07:12,760 Speaker 1: going to continue to dog him. Um And I agree 137 00:07:12,760 --> 00:07:14,800 Speaker 1: completely with Doug. But I do think that what we 138 00:07:14,840 --> 00:07:17,080 Speaker 1: saw we have seen over and over again, and Joe 139 00:07:17,120 --> 00:07:20,600 Speaker 1: Biden faltering, being unable to answer questions coherently, and just 140 00:07:20,680 --> 00:07:22,960 Speaker 1: looking like he is not a strong commander in chief 141 00:07:23,000 --> 00:07:24,880 Speaker 1: is going to continue to problem. Okay, but did you 142 00:07:24,920 --> 00:07:27,560 Speaker 1: see this viral moment of Dr Jill Biden when she 143 00:07:27,760 --> 00:07:33,960 Speaker 1: decked those was I mean objectively and some mode? Some mode? 144 00:07:34,040 --> 00:07:36,640 Speaker 1: I you know, you're right, I left someone out of this, 145 00:07:36,880 --> 00:07:39,800 Speaker 1: but listen, here's where I'm biased. Dr Biden was asked 146 00:07:39,800 --> 00:07:43,520 Speaker 1: by a reporter afterwards, what happened when a when a 147 00:07:43,800 --> 00:07:47,760 Speaker 1: a protester If you haven't seen this, a protester runs 148 00:07:47,800 --> 00:07:50,880 Speaker 1: on rushes the stage for for Biden during one of 149 00:07:50,880 --> 00:07:57,000 Speaker 1: the speeches, A dairy protester and and anti dairy. I 150 00:07:57,400 --> 00:07:58,920 Speaker 1: truthfully don't know, and I'm not making fun of it 151 00:07:58,960 --> 00:08:00,720 Speaker 1: because I'm Amber and I'll find out. I don't have 152 00:08:00,760 --> 00:08:03,239 Speaker 1: an opinion. I do take all my milk in my coffee, 153 00:08:03,280 --> 00:08:07,320 Speaker 1: but I uh uh. And she decked her. And then 154 00:08:07,480 --> 00:08:10,200 Speaker 1: afterwards the reporter asked what why she did it, and 155 00:08:10,240 --> 00:08:13,920 Speaker 1: she said, I'm from Philly, and I was like, that 156 00:08:14,080 --> 00:08:16,360 Speaker 1: is the no. She said, I'm a Philly girl. Direct quote, 157 00:08:16,480 --> 00:08:18,160 Speaker 1: I'm a Philly girl, and I was like, that is 158 00:08:18,200 --> 00:08:22,320 Speaker 1: the most Philly thing ever. So and she was wearing 159 00:08:22,320 --> 00:08:24,920 Speaker 1: a green jacket, which I'm assuming was for the Eagles, 160 00:08:24,960 --> 00:08:27,960 Speaker 1: but I don't know anyway, And enough of that, Marche 161 00:08:28,400 --> 00:08:32,920 Speaker 1: is the next Mini Super Tuesday. Arizona, Florida, Illinois, Ohio 162 00:08:34,280 --> 00:08:35,920 Speaker 1: are the four states that are going to be voted on, 163 00:08:35,920 --> 00:08:37,520 Speaker 1: So we're gonna dive into that coming up, plus the 164 00:08:37,559 --> 00:08:40,240 Speaker 1: latest on the coronavirus. Brendon buckstays Doctor Nell in the 165 00:08:40,320 --> 00:08:43,480 Speaker 1: first segment down You're just gonna stay. I say, appreciate that. 166 00:08:43,559 --> 00:08:49,760 Speaker 1: And unless Brendon wants me to leave, all right, Chief Washington, 167 00:08:49,760 --> 00:08:52,320 Speaker 1: correspondent for Bloomberg TV and Radio, and you're listening to Bloomberg. 168 00:09:03,160 --> 00:09:06,640 Speaker 1: You're listening to Bloomberg. Sound On with Kevin Surley on 169 00:09:06,760 --> 00:09:10,199 Speaker 1: Bloomberg and one oh five point seven f M h 170 00:09:10,360 --> 00:09:13,800 Speaker 1: D two. Where these people are flying, it's safe to flood, 171 00:09:13,840 --> 00:09:16,400 Speaker 1: and large portions of the world are very safe to flood. 172 00:09:17,200 --> 00:09:20,360 Speaker 1: That was President Trump speaking earlier today at the White House, 173 00:09:20,400 --> 00:09:25,400 Speaker 1: reassuring Americans that it is still safe to fly despite 174 00:09:26,040 --> 00:09:30,680 Speaker 1: the coronavirus. The President speaking earlier today reassuring the American 175 00:09:30,720 --> 00:09:34,120 Speaker 1: traveling public that airline travel is safe from the coronavirus, 176 00:09:34,640 --> 00:09:36,960 Speaker 1: and he made an appearance with Vice President Mike Pence 177 00:09:37,040 --> 00:09:39,959 Speaker 1: at the White House while they were meeting with airline CEOs. 178 00:09:40,000 --> 00:09:42,959 Speaker 1: The airline CEOs, we're all at the White House, and 179 00:09:43,120 --> 00:09:44,800 Speaker 1: I think I bumped into one of them when I 180 00:09:44,840 --> 00:09:48,320 Speaker 1: was over there. Uh And and it was really a 181 00:09:48,400 --> 00:09:53,400 Speaker 1: big showing because a lot of folks are very concerned, 182 00:09:53,600 --> 00:09:57,280 Speaker 1: to put it mildly, and it's having health impact. It's also, 183 00:09:57,320 --> 00:09:59,880 Speaker 1: of course, having an economic impact the U S stocks. 184 00:10:00,000 --> 00:10:02,280 Speaker 1: I'm reading from the Bloomberg terminal right now. The US 185 00:10:02,320 --> 00:10:05,559 Speaker 1: stocks surge to the second four percent rally in three 186 00:10:05,679 --> 00:10:11,200 Speaker 1: days after Congress authorized nearly eight billion dollars for virus prevention, 187 00:10:11,320 --> 00:10:16,160 Speaker 1: and investors have warmed to Joe Biden's ascendant candidacy. Treasuries 188 00:10:16,160 --> 00:10:18,600 Speaker 1: fell for just the second time in ten days. So 189 00:10:19,520 --> 00:10:23,360 Speaker 1: good news on the coronavirus front, and the market's interpreting 190 00:10:23,760 --> 00:10:27,040 Speaker 1: politics as they do as well. I'm Kevin's Reli Chief 191 00:10:27,040 --> 00:10:29,640 Speaker 1: Washington correspondent fro Bloomberg TV and Radio. Let's dive into 192 00:10:29,679 --> 00:10:33,079 Speaker 1: it now with my colleague Mike Reagan, Bloomberg Senior Markets Editor. 193 00:10:33,440 --> 00:10:37,160 Speaker 1: All right, Mike, welcome to the program. All right, So 194 00:10:37,240 --> 00:10:41,240 Speaker 1: let's start with the coronavirus. The markets reacting pretty positively 195 00:10:41,400 --> 00:10:45,000 Speaker 1: today as a result of the rhetoric as what do 196 00:10:45,040 --> 00:10:47,760 Speaker 1: you make of it of the morning after J. Powell? 197 00:10:47,800 --> 00:10:49,440 Speaker 1: What do you? What do you? What are you hearing? Well? 198 00:10:49,480 --> 00:10:51,720 Speaker 1: I think you have to start, you know, from square 199 00:10:51,760 --> 00:10:54,520 Speaker 1: one and look at what happens historically when you have 200 00:10:54,720 --> 00:10:58,960 Speaker 1: these big, massive sudden corrections lower in the stock market. 201 00:10:58,960 --> 00:11:02,800 Speaker 1: And I'm thinking, uh, specifically back to two thousand eleven 202 00:11:03,000 --> 00:11:07,120 Speaker 1: when the US lost its triple A credit rating at SMP, 203 00:11:07,760 --> 00:11:11,240 Speaker 1: and also some other periods during the financial crisis, and 204 00:11:11,280 --> 00:11:13,400 Speaker 1: what happens is, you know, when you have a big, 205 00:11:13,600 --> 00:11:17,079 Speaker 1: large move downward in the stock market, there are often 206 00:11:17,160 --> 00:11:20,080 Speaker 1: mixed in with that some days when you you have 207 00:11:20,280 --> 00:11:24,520 Speaker 1: really tremendous rallies rebounds, um, and then the next day 208 00:11:24,559 --> 00:11:26,280 Speaker 1: you're write back down, and then the next day you're 209 00:11:26,320 --> 00:11:29,200 Speaker 1: you're up big again, um. And it's it's really hard 210 00:11:29,240 --> 00:11:31,800 Speaker 1: to sort of suss out what the ultimate direction of 211 00:11:31,840 --> 00:11:35,400 Speaker 1: the market is going to be in say the medium term, uh, 212 00:11:35,640 --> 00:11:39,000 Speaker 1: during these sort of spasms of buying and selling like this. 213 00:11:39,640 --> 00:11:41,360 Speaker 1: With that said, though, I would say though that the 214 00:11:41,679 --> 00:11:46,400 Speaker 1: news was sort of encouraging to its investors today obviously 215 00:11:46,840 --> 00:11:49,920 Speaker 1: taking the Bernie Sanders risk out of the market, and 216 00:11:49,960 --> 00:11:53,520 Speaker 1: the potential for uh, you know, a major overhaul in 217 00:11:53,559 --> 00:11:57,880 Speaker 1: the health insurance industry, has those United Healthcare Humanity, those 218 00:11:57,880 --> 00:12:01,079 Speaker 1: big health insurance in stocks really posing some of the 219 00:12:01,120 --> 00:12:04,719 Speaker 1: big biggest rallies we've seen in a decade or more. UM. 220 00:12:04,840 --> 00:12:07,400 Speaker 1: And the fact that Congress was able to move forward 221 00:12:07,520 --> 00:12:10,680 Speaker 1: with this eight billion dollars spending emergency spending package to 222 00:12:10,840 --> 00:12:14,800 Speaker 1: come at the virus is encouraging as well, because obviously, 223 00:12:14,880 --> 00:12:17,640 Speaker 1: you know, as you know better than me, how dysfunctional 224 00:12:17,679 --> 00:12:21,480 Speaker 1: Washington has been. It's very dysfunctional, Mike. It is a 225 00:12:21,520 --> 00:12:26,719 Speaker 1: complete cluster down here. So I gathered, so I gather. Um. 226 00:12:26,960 --> 00:12:28,880 Speaker 1: So that said, so there were there were some solid 227 00:12:28,920 --> 00:12:30,800 Speaker 1: reasons to see these moves to see a little bit 228 00:12:30,800 --> 00:12:33,040 Speaker 1: of buying today. But I go back to that original 229 00:12:33,360 --> 00:12:36,000 Speaker 1: premise in that, Um, it's really hard to know what 230 00:12:36,080 --> 00:12:38,400 Speaker 1: the next move is. Once you introduce this type of 231 00:12:38,440 --> 00:12:41,280 Speaker 1: altility into the stock market, it takes a while for 232 00:12:41,280 --> 00:12:43,120 Speaker 1: it to work its way out and that and that 233 00:12:43,160 --> 00:12:46,079 Speaker 1: can mean big moves up and then big moves down again. UM. 234 00:12:46,200 --> 00:12:50,520 Speaker 1: And with there's being so many unknowns about this virus, 235 00:12:50,559 --> 00:12:52,400 Speaker 1: you know how bad it's going to get in the US, 236 00:12:52,480 --> 00:12:56,040 Speaker 1: what sort of steps that companies and the government are 237 00:12:56,080 --> 00:12:59,440 Speaker 1: going to take to kurt tail it, especially now that 238 00:12:59,520 --> 00:13:02,680 Speaker 1: the testing is getting ramped up that um, and you 239 00:13:02,720 --> 00:13:05,360 Speaker 1: have to remember that, you know, not every investor coming 240 00:13:05,400 --> 00:13:07,040 Speaker 1: into the stock market on the day like this is 241 00:13:07,080 --> 00:13:10,440 Speaker 1: some buy and hold investor who's very confident that you know, 242 00:13:10,520 --> 00:13:13,240 Speaker 1: this is this is the the outcome we need that 243 00:13:13,280 --> 00:13:15,400 Speaker 1: everything is cured. It's there's a lot of sort of 244 00:13:15,440 --> 00:13:19,720 Speaker 1: electronic strategies based on momentum um that could be buying 245 00:13:19,800 --> 00:13:22,800 Speaker 1: one day and shorting the market the next day. So um, 246 00:13:23,280 --> 00:13:25,960 Speaker 1: every everything I've known from watching this for years, and 247 00:13:25,960 --> 00:13:28,640 Speaker 1: everyone I've heard UH that knows what they're talking about 248 00:13:28,679 --> 00:13:31,800 Speaker 1: today is not very confident that this is sort of 249 00:13:32,840 --> 00:13:35,640 Speaker 1: a sustainable rally that will be at all time highs 250 00:13:35,679 --> 00:13:38,840 Speaker 1: again in the near future. Everyone is kind of, you know, 251 00:13:38,920 --> 00:13:42,559 Speaker 1: holding their breath, waiting to see what the next shoe 252 00:13:42,600 --> 00:13:46,160 Speaker 1: is to drop in the coronavirus UH problem, and you 253 00:13:46,160 --> 00:13:49,160 Speaker 1: know how the market reacts to it. So right, So 254 00:13:49,400 --> 00:13:52,280 Speaker 1: Mike Reagan's on the line, Bloomberg Senior Markets editor. We're 255 00:13:52,320 --> 00:13:55,480 Speaker 1: crunching the numbers on the markets. Uh and the volatility 256 00:13:55,520 --> 00:13:58,960 Speaker 1: and the fluctuations as it pertains to the coronavirus. The 257 00:13:59,000 --> 00:14:02,520 Speaker 1: president meeting today with with airline CEOs. Good move, bad 258 00:14:02,559 --> 00:14:05,839 Speaker 1: move In terms of how the markets reactive, well, you know, 259 00:14:05,880 --> 00:14:09,400 Speaker 1: airlock stock. Airline stocks did uh pick up a little 260 00:14:09,400 --> 00:14:11,400 Speaker 1: bit today. They did not rise as much as the 261 00:14:11,400 --> 00:14:14,840 Speaker 1: rest of the market. Um. They have obviously been among 262 00:14:15,360 --> 00:14:18,440 Speaker 1: the hardest hit stocks in this downturn, I feel at 263 00:14:18,480 --> 00:14:23,480 Speaker 1: the worst. So the coronavirus has impacted the airline stocks 264 00:14:23,520 --> 00:14:26,720 Speaker 1: the absolute worst, uh since this is started. That's a 265 00:14:26,760 --> 00:14:29,160 Speaker 1: fast fact for you. Go ahead, sorry, yeah, yeah, yeah, 266 00:14:29,200 --> 00:14:30,560 Speaker 1: I mean maybe you know, you might be able to 267 00:14:30,560 --> 00:14:33,040 Speaker 1: find an isolated stock here there that did worst. But 268 00:14:33,080 --> 00:14:37,360 Speaker 1: I'm looking at the NYC ARCA Airline Index dropped as 269 00:14:37,440 --> 00:14:40,360 Speaker 1: much as thirty percent during all this, um, so it 270 00:14:40,560 --> 00:14:42,760 Speaker 1: did sort of catch a little bit of a bid. 271 00:14:42,800 --> 00:14:47,120 Speaker 1: Today it's up about to almost three percent. But again, 272 00:14:47,200 --> 00:14:50,960 Speaker 1: it's it's this sort of given take of a nasty 273 00:14:51,000 --> 00:14:53,960 Speaker 1: market like this where you will find these rebounds, and 274 00:14:54,400 --> 00:14:57,160 Speaker 1: it's it's very hard at the moment to really have 275 00:14:57,280 --> 00:14:59,440 Speaker 1: much confidence in that to say this this is it. 276 00:14:59,520 --> 00:15:02,040 Speaker 1: This is a learning point where they're gonna head back 277 00:15:02,120 --> 00:15:06,400 Speaker 1: higher uh in the medium term. Um, you know, it's 278 00:15:06,480 --> 00:15:10,120 Speaker 1: there's just so many unknowns uh, and exactly what the 279 00:15:10,160 --> 00:15:12,720 Speaker 1: government if there is a plan to help them out 280 00:15:12,720 --> 00:15:16,320 Speaker 1: if they run into trouble. Um, you know what the 281 00:15:16,360 --> 00:15:18,400 Speaker 1: wait and see what that is. But I think that 282 00:15:18,400 --> 00:15:21,880 Speaker 1: that bill making progress today in Congress sort of gave 283 00:15:21,960 --> 00:15:26,120 Speaker 1: investors hope that you know, Washington can kind of start 284 00:15:26,160 --> 00:15:30,640 Speaker 1: operating formally again and get get the important uh legislation 285 00:15:30,640 --> 00:15:33,480 Speaker 1: that they need past. As it becomes clear what that 286 00:15:33,520 --> 00:15:36,120 Speaker 1: needs to be going forward, what sort of industries will 287 00:15:36,160 --> 00:15:39,160 Speaker 1: need support? Uh, Well, the credit markets need some some 288 00:15:39,240 --> 00:15:41,960 Speaker 1: kind of support. Um, So a little bit of progress 289 00:15:42,000 --> 00:15:44,440 Speaker 1: on that front today, I think, on top of, as 290 00:15:44,480 --> 00:15:47,480 Speaker 1: you said, the the emergency ray cut from the federal Reserve. 291 00:15:47,520 --> 00:15:50,600 Speaker 1: Both both of those things, Um, they're not gonna cure 292 00:15:50,600 --> 00:15:53,160 Speaker 1: this problem. They're not gonna you know, push stocks back 293 00:15:53,200 --> 00:15:55,400 Speaker 1: to record highs in the in the near term. I 294 00:15:55,640 --> 00:15:58,840 Speaker 1: would be very surprised if they did. But they do. Uh. 295 00:15:59,040 --> 00:16:02,680 Speaker 1: You know, investors for sure take note of that and 296 00:16:02,680 --> 00:16:05,360 Speaker 1: and are kind of digesting those facts and thinking, well, okay, 297 00:16:05,360 --> 00:16:07,400 Speaker 1: the you know, the government is sort of springing to 298 00:16:07,440 --> 00:16:10,480 Speaker 1: action here. Alright. Mike Reagan, you can follow him on 299 00:16:10,520 --> 00:16:14,880 Speaker 1: Twitter at Reagan anymous It's Reagan R. E. G. A 300 00:16:15,200 --> 00:16:19,320 Speaker 1: n anonymous Reagan anymous Uh and as a senior editor 301 00:16:19,760 --> 00:16:23,040 Speaker 1: here at Bloomberg, Senior Markets editor. So he's he's literally 302 00:16:23,040 --> 00:16:25,720 Speaker 1: even all over this. I know the coronavirus has has 303 00:16:25,760 --> 00:16:29,040 Speaker 1: made had has had you, has had you working incredibly 304 00:16:29,520 --> 00:16:32,440 Speaker 1: incredibly hard. Also a University of Delaware grad and the 305 00:16:32,600 --> 00:16:35,840 Speaker 1: Bishop Shanahan High School. That's that's right, all right. So 306 00:16:35,880 --> 00:16:38,480 Speaker 1: I grew up outside Ahiliate Delko, so I know Bishop Shannon. 307 00:16:39,400 --> 00:16:41,240 Speaker 1: All right, you know it's a great place, great place. 308 00:16:41,480 --> 00:16:44,880 Speaker 1: All right. I want to thank yeah, no very much. 309 00:16:45,280 --> 00:16:47,600 Speaker 1: I want to thank Mike for calling in and keep 310 00:16:47,680 --> 00:16:49,400 Speaker 1: up all the good work. Coming up, we break down 311 00:16:49,440 --> 00:16:52,120 Speaker 1: the policy and the politics coming out of Super Tuesday 312 00:16:52,160 --> 00:16:54,920 Speaker 1: with Brendon Buck Doug Thornell. I'm Kevin Cirelli, Chief Washington 313 00:16:54,920 --> 00:16:57,600 Speaker 1: Corresponder f Bloomberg TV and Radio. And you're listening to Bloomberg. 314 00:17:03,040 --> 00:17:07,560 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 315 00:17:08,760 --> 00:17:11,160 Speaker 1: and one oh five point seven m h D two. 316 00:17:12,000 --> 00:17:14,080 Speaker 1: It is a beautiful day to day. I'm Kevin Curreli, 317 00:17:14,160 --> 00:17:17,600 Speaker 1: Chief Washington correspondent from Bloomberg Television and Bloomberg Radio. Make 318 00:17:17,600 --> 00:17:19,760 Speaker 1: sure you get out and enjoy it. Days like this 319 00:17:20,000 --> 00:17:25,200 Speaker 1: don't often happen every day. We're monitoring Vice President Mike Pence, 320 00:17:25,200 --> 00:17:28,399 Speaker 1: who was speaking at the White House. He says that 321 00:17:28,440 --> 00:17:31,080 Speaker 1: he is quote unquote please, the administration is quote unquote 322 00:17:31,240 --> 00:17:35,440 Speaker 1: pleased that the House of Representatives passed that seven point 323 00:17:35,440 --> 00:17:39,480 Speaker 1: eight billion dollars worth of funding. As we've been reporting 324 00:17:39,480 --> 00:17:43,679 Speaker 1: on for the coronavirus. Here with me Brendan Buck, partner 325 00:17:43,680 --> 00:17:46,720 Speaker 1: at Seven Letter, former spokesman and adviser to the House 326 00:17:46,720 --> 00:17:50,480 Speaker 1: Speaker Paul Ryan, and Doug Thurnell, partner and head of 327 00:17:50,720 --> 00:17:54,080 Speaker 1: s k DK Political at s k d K Knickerbocker 328 00:17:54,200 --> 00:17:57,959 Speaker 1: and former lead media strategist to the d N c UH. 329 00:17:58,080 --> 00:18:01,040 Speaker 1: How Hilary rose into it? Hillary Great? I wonder if 330 00:18:01,080 --> 00:18:05,119 Speaker 1: she's listening. I wonder, Hillary, are you listening? Hello? Hillary? 331 00:18:06,119 --> 00:18:08,199 Speaker 1: I think she's actually in New York right now? What 332 00:18:08,320 --> 00:18:10,680 Speaker 1: was it gonna ask you? Where'd you grow up? Silver Spring? 333 00:18:10,720 --> 00:18:13,240 Speaker 1: Beautiful Silver Spring? You're like a real local. Yeah, I'm 334 00:18:13,240 --> 00:18:15,000 Speaker 1: a towny. Where did you go? And you went to Cornell? 335 00:18:15,000 --> 00:18:17,240 Speaker 1: Where'd you go to high school? I went to Sidwell 336 00:18:17,320 --> 00:18:20,600 Speaker 1: Friends high school. Wow, you hear about those kids, but 337 00:18:20,680 --> 00:18:24,920 Speaker 1: you never you never meet one in the flesh unicorn. Yeah, 338 00:18:25,200 --> 00:18:27,280 Speaker 1: what was it like to go to Sydnwell, what did 339 00:18:27,280 --> 00:18:29,480 Speaker 1: you play sports? Yeah? I played football, play football in 340 00:18:29,520 --> 00:18:31,600 Speaker 1: high school in college. Did you any even famous ever 341 00:18:31,640 --> 00:18:35,840 Speaker 1: come to the game? Uh? Bill Clinton? President Bill Clinton 342 00:18:35,920 --> 00:18:40,400 Speaker 1: came the to the last game of my senior year 343 00:18:40,520 --> 00:18:44,000 Speaker 1: when we went undefeated. President Clinton shows up to high 344 00:18:44,000 --> 00:18:46,320 Speaker 1: school football and it was raining too. He came out 345 00:18:46,320 --> 00:18:49,800 Speaker 1: in a downpour. He stayed for the whole game, added pressure. 346 00:18:49,840 --> 00:18:53,600 Speaker 1: I can't imagine if the president came to any any 347 00:18:53,600 --> 00:18:57,160 Speaker 1: president would come in your school. Just one, just one president, 348 00:18:57,240 --> 00:19:00,000 Speaker 1: just one game. Yeah, it's not a real fan, right, 349 00:19:00,000 --> 00:19:02,399 Speaker 1: Well that's a good plint. We should bring this up. 350 00:19:02,800 --> 00:19:05,159 Speaker 1: I dually come to one game, Bill. Oh wait, what 351 00:19:05,320 --> 00:19:06,720 Speaker 1: was that like? For real? Let me take us on 352 00:19:06,760 --> 00:19:09,240 Speaker 1: the field. It was crazy. I mean, you know, you 353 00:19:09,280 --> 00:19:11,680 Speaker 1: look over in the you know, the President United States 354 00:19:11,680 --> 00:19:13,600 Speaker 1: is up in the stands and obviously comes with a 355 00:19:13,640 --> 00:19:16,920 Speaker 1: lot of security. But um, you know, we were obviously 356 00:19:16,920 --> 00:19:18,520 Speaker 1: at the time, that was our last game of the year. 357 00:19:18,560 --> 00:19:20,040 Speaker 1: It was the last game of my high school career, 358 00:19:20,080 --> 00:19:22,280 Speaker 1: and we were going undefeated, So there were other things 359 00:19:22,280 --> 00:19:24,280 Speaker 1: to worry about other than you know, who was up 360 00:19:24,280 --> 00:19:26,080 Speaker 1: in the stands at the time. That even if it's 361 00:19:26,080 --> 00:19:27,880 Speaker 1: the President of the United States, even if you got 362 00:19:27,880 --> 00:19:30,400 Speaker 1: to keep focused. I can't imagine I can't imagine being 363 00:19:30,400 --> 00:19:32,600 Speaker 1: a high school kid and then having looking up in 364 00:19:32,640 --> 00:19:34,359 Speaker 1: the in the bleachers and seeing the President of the 365 00:19:34,400 --> 00:19:39,560 Speaker 1: United States. All right, super Tuesday. So Bloomberg's out, Warren's 366 00:19:39,560 --> 00:19:42,359 Speaker 1: sticking around. President Trump had this to say about it. 367 00:19:42,400 --> 00:19:45,520 Speaker 1: Here's the President of the United States talking about Senator 368 00:19:45,560 --> 00:19:51,280 Speaker 1: Elizabeth Warren. Elizabeth Lawn was the single biggest factor and 369 00:19:51,320 --> 00:19:54,720 Speaker 1: that election last night. It would have been a very 370 00:19:54,720 --> 00:19:57,200 Speaker 1: different thing, and not in a positive way for her, 371 00:19:58,040 --> 00:19:59,840 Speaker 1: in a very selfish way for her. She was very 372 00:20:02,200 --> 00:20:06,120 Speaker 1: she's staying in Doug. Yeah, I think, Um, I think 373 00:20:06,119 --> 00:20:09,320 Speaker 1: President Trump should be focusing on his job and not 374 00:20:09,400 --> 00:20:10,800 Speaker 1: being a part I mean, I hear you on that 375 00:20:11,760 --> 00:20:14,520 Speaker 1: is saying, that's a good question you should ask her. 376 00:20:14,560 --> 00:20:17,680 Speaker 1: I mean I think that she has she look I 377 00:20:17,680 --> 00:20:19,600 Speaker 1: I have a lot of respect for the campaign she 378 00:20:19,680 --> 00:20:22,680 Speaker 1: put together over the course of this year. Um, she's 379 00:20:22,680 --> 00:20:25,760 Speaker 1: got she had one of the strongest infrastructures of a campaign. 380 00:20:25,800 --> 00:20:28,959 Speaker 1: I thought she had a very sharp message and she 381 00:20:29,040 --> 00:20:31,000 Speaker 1: had you know, look, I think that it was always 382 00:20:31,040 --> 00:20:32,800 Speaker 1: going to be an uphill climb when she was going 383 00:20:32,880 --> 00:20:35,280 Speaker 1: up against Bernie Sanders. He had some built in he had, 384 00:20:35,359 --> 00:20:39,480 Speaker 1: you know, built in support electorate. There was a moment 385 00:20:39,480 --> 00:20:41,879 Speaker 1: in time where there was some slippage and she gained 386 00:20:41,920 --> 00:20:45,080 Speaker 1: some ground, but she was never able to um gain 387 00:20:45,200 --> 00:20:48,000 Speaker 1: the true you know, the sort of strong support of 388 00:20:48,280 --> 00:20:51,080 Speaker 1: the liberal wing of the party. Um. But look how 389 00:20:51,200 --> 00:20:53,440 Speaker 1: her stay on as long as you can I guess. 390 00:20:53,800 --> 00:20:57,480 Speaker 1: I guess she's being reported as trying to decide who 391 00:20:57,520 --> 00:21:00,080 Speaker 1: she would want to endorse when she drops out, and 392 00:21:00,119 --> 00:21:02,240 Speaker 1: I find that to be one of the most fascinating questions. 393 00:21:02,680 --> 00:21:04,679 Speaker 1: I think what the president was trying to suggest is 394 00:21:04,720 --> 00:21:07,240 Speaker 1: that anybody who supports Elizabeth Warren would then become a 395 00:21:07,240 --> 00:21:09,920 Speaker 1: Bernie Sanders voter. I don't know that that's necessarily true. 396 00:21:09,960 --> 00:21:13,280 Speaker 1: I think I think Elizabeth Warren voters and higher educated 397 00:21:13,760 --> 00:21:15,960 Speaker 1: I don't know they're naturally going to just slide over 398 00:21:16,280 --> 00:21:18,520 Speaker 1: to Bernie Sanders. But what's been clear is that she 399 00:21:18,600 --> 00:21:21,600 Speaker 1: has been very hesitant to go after Sanders this entire time. 400 00:21:21,720 --> 00:21:24,320 Speaker 1: You know, when when Michael Bloomberg was on the debate stage, 401 00:21:24,400 --> 00:21:28,920 Speaker 1: she was going after him very hard. Uh, while everybody 402 00:21:28,960 --> 00:21:31,000 Speaker 1: all the momentum seems to be going towards Joe Biden, 403 00:21:31,040 --> 00:21:33,320 Speaker 1: and it seems like the natural place where everybody for 404 00:21:33,400 --> 00:21:36,800 Speaker 1: endorsements to go. She seems like she could potentially, even 405 00:21:36,800 --> 00:21:38,960 Speaker 1: though maybe her her supporters won't go with her, she 406 00:21:39,000 --> 00:21:43,239 Speaker 1: could be going to being uh spoil, the spoiler, the 407 00:21:43,280 --> 00:21:48,240 Speaker 1: savior maybe for Bernie Sanders. Do see. The reason I'm 408 00:21:48,240 --> 00:21:50,399 Speaker 1: fascinated about your perspective on this dog is because you 409 00:21:50,440 --> 00:21:52,720 Speaker 1: actually are in the road for these types of conversations. 410 00:21:52,720 --> 00:21:56,000 Speaker 1: If you're especially as we head into a contested convention. 411 00:21:56,200 --> 00:21:58,600 Speaker 1: I feel like Christine Rodder, executive producer, we need some 412 00:21:58,640 --> 00:22:02,000 Speaker 1: type of music for contested convention. It just has all 413 00:22:02,000 --> 00:22:06,760 Speaker 1: the makings of a cable news bands contested. Yeah, exactly. 414 00:22:06,760 --> 00:22:09,639 Speaker 1: I think Elizabeth Warren sees her some sees herself as 415 00:22:09,680 --> 00:22:12,159 Speaker 1: somewhere in between, or at least she's trying to position 416 00:22:12,200 --> 00:22:15,760 Speaker 1: herself as somewhat somewhat somewhere in between Bernie Sanders and 417 00:22:15,840 --> 00:22:18,359 Speaker 1: Joe Biden, and I think it's her, but it's over right, 418 00:22:18,480 --> 00:22:21,879 Speaker 1: she can't win well. I think her her response to 419 00:22:21,920 --> 00:22:25,000 Speaker 1: that would be let's just keep the contest going and 420 00:22:25,040 --> 00:22:27,880 Speaker 1: see where we are. And I get I'm not trying 421 00:22:27,880 --> 00:22:29,080 Speaker 1: to put you on the spot, so we can take 422 00:22:29,280 --> 00:22:30,760 Speaker 1: I mean kind of them, kind of you know, it's 423 00:22:30,840 --> 00:22:33,360 Speaker 1: kind of part of the job. But so, but take 424 00:22:33,440 --> 00:22:37,280 Speaker 1: us behind the scenes. If if, if her smart team 425 00:22:37,320 --> 00:22:40,800 Speaker 1: of advisors is saying to her, all right, stay in 426 00:22:40,800 --> 00:22:44,679 Speaker 1: the race because it increases your leverage to play a 427 00:22:44,800 --> 00:22:48,600 Speaker 1: role in a contested convention with your delegates. What is 428 00:22:48,600 --> 00:22:52,160 Speaker 1: her what is her calculation? What is her strategy? Does 429 00:22:52,240 --> 00:22:58,960 Speaker 1: she want to back Sanders because that's where she ideologically lies, 430 00:22:59,160 --> 00:23:02,160 Speaker 1: or she thinking, Okay, it looks like Biden is now 431 00:23:02,240 --> 00:23:04,880 Speaker 1: going to get this thing. If I support Biden, then 432 00:23:04,920 --> 00:23:08,160 Speaker 1: I can pull him to the left. Uh. Look, I'm 433 00:23:08,160 --> 00:23:11,560 Speaker 1: not convinced that she would support Bernie Sanders. She endorsed 434 00:23:11,680 --> 00:23:15,760 Speaker 1: I believe in Hillary Clinton, so I'm not convinced that 435 00:23:15,800 --> 00:23:18,200 Speaker 1: she would. Uh you know, I think part of it 436 00:23:18,240 --> 00:23:20,560 Speaker 1: is maybe influencing to the extent that the platform of 437 00:23:20,560 --> 00:23:23,480 Speaker 1: a party can be influenced, Uh, you know, influencing the 438 00:23:23,520 --> 00:23:25,920 Speaker 1: platform of the party to include certain things that she 439 00:23:26,000 --> 00:23:28,840 Speaker 1: cares about, particularly things related to housing, the wealth tax, 440 00:23:28,920 --> 00:23:32,040 Speaker 1: Medicare for all, etcetera. Uh, and being you know, if 441 00:23:32,040 --> 00:23:35,920 Speaker 1: it comes to if both Bernie and Joe enter the 442 00:23:35,960 --> 00:23:39,560 Speaker 1: convention in there within delegates, maybe she wants to be, 443 00:23:39,920 --> 00:23:42,200 Speaker 1: you know, a person who comes in with a certain 444 00:23:42,200 --> 00:23:45,640 Speaker 1: amount of delegates that can be um, you know, sort 445 00:23:45,640 --> 00:23:47,679 Speaker 1: of a broker. All right, Let's take a listen to 446 00:23:47,680 --> 00:23:50,280 Speaker 1: Senator Bernie Sanders, because he was asked about how he 447 00:23:50,359 --> 00:23:53,280 Speaker 1: said he's going to expand the party earlier today at 448 00:23:53,600 --> 00:23:55,919 Speaker 1: and a press conference that he gave and and and 449 00:23:55,960 --> 00:23:58,680 Speaker 1: it really is interesting because his whole narrative and push 450 00:23:58,720 --> 00:24:01,199 Speaker 1: I hate that word narrative, but his whole campaign has 451 00:24:01,200 --> 00:24:03,080 Speaker 1: been pushing this notion that he would be able to 452 00:24:03,119 --> 00:24:05,879 Speaker 1: expand the party attracting younger voters. Take a listen to 453 00:24:05,920 --> 00:24:07,679 Speaker 1: what he said, because the data just isn't there on 454 00:24:07,680 --> 00:24:10,800 Speaker 1: that here, Senator Bernie Sanders, young people do not vote 455 00:24:11,119 --> 00:24:13,800 Speaker 1: in the kind of numbers that are older people voting. 456 00:24:14,520 --> 00:24:16,760 Speaker 1: I think that will change in the general election, but 457 00:24:16,800 --> 00:24:18,520 Speaker 1: I am on it, be honest with you, we have 458 00:24:18,640 --> 00:24:21,560 Speaker 1: not done as well in bringing young people across. It 459 00:24:21,960 --> 00:24:25,119 Speaker 1: is not easy. Brendan. If if Senator Sanders hopes to 460 00:24:25,160 --> 00:24:27,520 Speaker 1: become the nominee, he's got to prove that he can 461 00:24:27,680 --> 00:24:31,480 Speaker 1: unify the party and break past this ceiling. In a 462 00:24:31,520 --> 00:24:34,640 Speaker 1: week from Tuesday, March sevent Arizona is going to vote, 463 00:24:34,640 --> 00:24:37,960 Speaker 1: Florida's going to vote. Illinois and Ohio are gonna vote. 464 00:24:38,240 --> 00:24:41,399 Speaker 1: Florida and Ohio. I mean doesn't get I mean you 465 00:24:41,400 --> 00:24:44,720 Speaker 1: could argue Ohio is now read but still a battleground state, 466 00:24:44,920 --> 00:24:49,000 Speaker 1: and and and Florida as well. Uh that if he 467 00:24:49,040 --> 00:24:50,880 Speaker 1: can pull off an upset one of those states, he'd 468 00:24:50,880 --> 00:24:55,960 Speaker 1: be sending a message that he can win moderate voters. Yeah. 469 00:24:56,000 --> 00:25:00,160 Speaker 1: I mean, to sort of quote James Carville, it's the 470 00:25:00,160 --> 00:25:03,560 Speaker 1: the suburbs, stupid. This entire election is going to come down, 471 00:25:03,600 --> 00:25:07,760 Speaker 1: I think to the suburbs. Uh. Donald Trump and the 472 00:25:08,320 --> 00:25:11,679 Speaker 1: type of politics that he participates in are it just 473 00:25:11,840 --> 00:25:16,040 Speaker 1: repulses higher educated, suburban, particularly women voters. We know that 474 00:25:16,080 --> 00:25:18,400 Speaker 1: it's what got what led to us losing the House, 475 00:25:18,400 --> 00:25:22,240 Speaker 1: and and Biden had them come out in big numbers 476 00:25:22,280 --> 00:25:25,320 Speaker 1: for him. And as you go into some of these 477 00:25:25,320 --> 00:25:29,359 Speaker 1: states that are coming up, Ohio, Arizona, Florida, these states 478 00:25:29,400 --> 00:25:31,359 Speaker 1: with a lot of suburban voters, and so that is 479 00:25:31,400 --> 00:25:33,679 Speaker 1: going to be a big challenge for Bernie Sanders. I 480 00:25:33,680 --> 00:25:36,359 Speaker 1: think If Bernie Sanders has a strategy to take on, 481 00:25:36,480 --> 00:25:38,120 Speaker 1: I think it is he's got He's got to take 482 00:25:38,160 --> 00:25:40,520 Speaker 1: on the idea that he is actually best position to 483 00:25:40,600 --> 00:25:43,119 Speaker 1: stand on stage with Donald Trump and defeat him and 484 00:25:43,160 --> 00:25:45,080 Speaker 1: say that he is the one that is tough enough 485 00:25:45,280 --> 00:25:48,320 Speaker 1: to take him on. The perception out there is that 486 00:25:48,440 --> 00:25:50,400 Speaker 1: or the narrative, as you put it, is that Joe 487 00:25:50,400 --> 00:25:53,920 Speaker 1: Biden is the is the moderate candidate who is therefore 488 00:25:54,040 --> 00:25:56,639 Speaker 1: best position to to win those suburban voters. And I 489 00:25:56,640 --> 00:25:59,320 Speaker 1: think that's actually true. So I think what Bernie Sanders 490 00:25:59,320 --> 00:26:01,040 Speaker 1: needs to do is say I'm actually the fighter. I'm 491 00:26:01,080 --> 00:26:03,320 Speaker 1: the one who can stand there and draw the sharpest contrast, 492 00:26:03,800 --> 00:26:06,640 Speaker 1: and I'm the one who can who can who can 493 00:26:07,200 --> 00:26:11,760 Speaker 1: embolden the base of the party while allowing people in 494 00:26:11,800 --> 00:26:14,240 Speaker 1: the suburbs to have that sort of exit from from 495 00:26:14,240 --> 00:26:17,639 Speaker 1: Donald Trump quickly duck. Yeah, you know. I when people 496 00:26:17,640 --> 00:26:19,560 Speaker 1: bring up who's going to stand on the stage with 497 00:26:19,600 --> 00:26:22,159 Speaker 1: Donald Trump and the debate, people forget that Hillary Clinton 498 00:26:22,200 --> 00:26:24,480 Speaker 1: momped the floor with Donald Trump during the debates and 499 00:26:24,480 --> 00:26:28,359 Speaker 1: it didn't really particularly matter. Uh and uh So I 500 00:26:28,400 --> 00:26:30,199 Speaker 1: think at the end of the day, what Bernie Sanders 501 00:26:30,240 --> 00:26:32,840 Speaker 1: has to figure out is how does he expand his 502 00:26:32,880 --> 00:26:36,840 Speaker 1: base to bring in you know, suburban women, African Americans, 503 00:26:37,119 --> 00:26:41,600 Speaker 1: older voters, moderates. Because that's a winning, winning coalition. That's 504 00:26:41,600 --> 00:26:44,080 Speaker 1: how Obama won the presidency. Alright, coming up, what's on 505 00:26:44,119 --> 00:26:47,600 Speaker 1: the panel's radar, Plus we dip into foreign policy. Download 506 00:26:47,600 --> 00:26:50,520 Speaker 1: the Bloomberg Sound On podcast on Apple iTunes, at Bloomberg 507 00:26:50,560 --> 00:26:53,200 Speaker 1: dot com, or by downloading the Bloomberg Business app. You 508 00:26:53,240 --> 00:26:56,320 Speaker 1: can also find me on Radio dot com, I Heart Radio, 509 00:26:56,480 --> 00:26:59,400 Speaker 1: and Spotify. My name is Kevin CURRELLI. I'm the chief 510 00:26:59,400 --> 00:27:02,160 Speaker 1: Washington course bonded for Bloomberg Television, Bloomberg Radio, Brendon Buck, 511 00:27:02,200 --> 00:27:15,200 Speaker 1: Doug Dornell. You're listening to Bloomberg. This is Bloomberg's Sound 512 00:27:15,280 --> 00:27:19,520 Speaker 1: On with Kevin Surley on Bloomberg one and one oh 513 00:27:19,560 --> 00:27:23,400 Speaker 1: five point seven f M H D two tumble that'll 514 00:27:23,400 --> 00:27:28,600 Speaker 1: be it, and a stumbled to the key. And it's 515 00:27:28,600 --> 00:27:32,000 Speaker 1: called nine to five and it's the theme song for 516 00:27:32,080 --> 00:27:36,360 Speaker 1: Senator Elizabeth Warren. That's her campaign theme song. I'm Kevin Surreli, 517 00:27:36,760 --> 00:27:39,639 Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. This 518 00:27:39,680 --> 00:27:41,880 Speaker 1: isn't really a nine to five town I think it's 519 00:27:41,880 --> 00:27:45,639 Speaker 1: around the clock twenty four hour not even news cycle, 520 00:27:45,800 --> 00:27:48,919 Speaker 1: just twenty four hours, seven days a week. Town. Brendan 521 00:27:48,960 --> 00:27:52,480 Speaker 1: bucks here, partner at seven Letter, former spokesman and adviser 522 00:27:52,520 --> 00:27:55,720 Speaker 1: to HOW Speaker Paul Ryan. Doug Bornell is here as well. Doug, 523 00:27:55,720 --> 00:27:57,280 Speaker 1: you haven't fun. It's your first time on the show. 524 00:27:57,320 --> 00:27:59,359 Speaker 1: I love it. Here partner and head of s K 525 00:27:59,520 --> 00:28:02,880 Speaker 1: d K Political at sk DK Nickerbocker and former lead 526 00:28:02,920 --> 00:28:06,159 Speaker 1: media strategist to the d n C. Doug worked with 527 00:28:06,480 --> 00:28:09,399 Speaker 1: Brendan in the House too. Not on the same team, Oh, 528 00:28:09,480 --> 00:28:11,960 Speaker 1: not on the same team in close proximity. Did you 529 00:28:12,000 --> 00:28:15,920 Speaker 1: guys know each other? A quick story? So in time 530 00:28:16,400 --> 00:28:21,960 Speaker 1: in ten, I was working for John Bayner. We were 531 00:28:22,080 --> 00:28:25,520 Speaker 1: working on a project put out our House Republican agenda 532 00:28:25,840 --> 00:28:27,640 Speaker 1: to take back the House. We were in the minority. 533 00:28:27,800 --> 00:28:30,320 Speaker 1: He was the minority leader at the time. UM, it 534 00:28:30,400 --> 00:28:32,280 Speaker 1: was nice to work for John Baynery, he was the leader. 535 00:28:32,320 --> 00:28:34,320 Speaker 1: Except I didn't actually have a cool, fancy office in 536 00:28:34,320 --> 00:28:36,639 Speaker 1: the Capitol. I was in sort of a hallway on 537 00:28:36,680 --> 00:28:40,280 Speaker 1: the seventh floor of the long Worth Building. UM, basically 538 00:28:40,320 --> 00:28:43,560 Speaker 1: across from the bathroom who shared the hallway with us? 539 00:28:43,720 --> 00:28:46,320 Speaker 1: Me and Another guy in a tiny windowless office was 540 00:28:46,360 --> 00:28:49,720 Speaker 1: Doug Thornell was working for Christman Holland at the time. 541 00:28:49,800 --> 00:28:52,400 Speaker 1: His job, I believe, even though it was an official job, 542 00:28:52,480 --> 00:28:55,000 Speaker 1: was to help ensure that Democrats don't lose the house. 543 00:28:55,360 --> 00:28:57,160 Speaker 1: And so we were on two opposite ends of the hall, 544 00:28:57,240 --> 00:29:00,320 Speaker 1: basically strategizing against each other for about six much. Did 545 00:29:00,320 --> 00:29:03,200 Speaker 1: you here to talk? Did you talk? Did you spy 546 00:29:03,280 --> 00:29:06,840 Speaker 1: on each other? Yeah? And as the history books will show, 547 00:29:07,400 --> 00:29:11,160 Speaker 1: we won. I'll give him that one. And you're not 548 00:29:11,200 --> 00:29:16,320 Speaker 1: an Eagles fan, Brendon, but that was what are you Redskins? 549 00:29:16,840 --> 00:29:20,640 Speaker 1: How's that working on? Not well? Not well? Uh wow. 550 00:29:20,680 --> 00:29:22,680 Speaker 1: That's a great story. But I think it also shows 551 00:29:22,720 --> 00:29:25,840 Speaker 1: that people are in close proximity oftentimes, even when they're 552 00:29:25,840 --> 00:29:29,040 Speaker 1: working on different sides of the aisle. All right, it's 553 00:29:29,040 --> 00:29:31,000 Speaker 1: time now. What I wanted to ask as we played 554 00:29:31,200 --> 00:29:33,880 Speaker 1: the nine to five music? Does yes or no? Or no? 555 00:29:34,320 --> 00:29:36,680 Speaker 1: Does Warren stay in by the end of the week? Doug? 556 00:29:37,000 --> 00:29:38,720 Speaker 1: She out by the end of the week or or no? 557 00:29:40,160 --> 00:29:43,040 Speaker 1: I think she. I think she stays on until next 558 00:29:43,160 --> 00:29:47,120 Speaker 1: Tuesday's elections. Do you agree, Brendon. I don't know why 559 00:29:47,160 --> 00:29:52,240 Speaker 1: she would stay in. I asked that question. I don't 560 00:29:52,280 --> 00:29:54,880 Speaker 1: get it. I don't imagine. I have to imagine her staff, 561 00:29:54,920 --> 00:29:56,760 Speaker 1: people out there in the field know that she's going 562 00:29:56,800 --> 00:29:58,720 Speaker 1: to be out at any moment. It's hard to really, 563 00:29:58,880 --> 00:30:01,120 Speaker 1: you know, create the energy to keep going for and 564 00:30:01,640 --> 00:30:04,200 Speaker 1: I don't know, well, I don't know if she's gonna 565 00:30:04,200 --> 00:30:08,200 Speaker 1: feel a lot of pressure from anyone to jump out. Yeah, 566 00:30:09,000 --> 00:30:14,120 Speaker 1: Biden forces aren't going to push her. And maybe I 567 00:30:14,200 --> 00:30:16,840 Speaker 1: just don't know where the pressure is gonna come. Yeah, 568 00:30:17,120 --> 00:30:18,840 Speaker 1: you know, it'll be interesting. All right, it's time now 569 00:30:18,920 --> 00:30:20,920 Speaker 1: for my favorite part of the show, which is what's 570 00:30:20,960 --> 00:30:23,680 Speaker 1: the quick take on your radar? Dog gets where we 571 00:30:23,760 --> 00:30:27,520 Speaker 1: asked our esteem panelists tell us something we don't know. Brandon, 572 00:30:27,560 --> 00:30:29,360 Speaker 1: I'm gonna start with you, what is the quick take 573 00:30:29,440 --> 00:30:31,200 Speaker 1: on your radar? I don't know if it's something you 574 00:30:31,200 --> 00:30:33,240 Speaker 1: don't know, but I'm fascinated by the politics of the 575 00:30:33,560 --> 00:30:39,960 Speaker 1: coronavirus situation, the House past the enormous package today. Uh 576 00:30:40,000 --> 00:30:43,920 Speaker 1: Senate should do so quickly? Then what happens um this 577 00:30:43,960 --> 00:30:46,600 Speaker 1: is this issue isn't necessarily going away, It's definitely not 578 00:30:46,640 --> 00:30:48,720 Speaker 1: going away. And how do the politics play out? What 579 00:30:48,800 --> 00:30:51,840 Speaker 1: do members of Congress do to continue to demonstrate that 580 00:30:51,880 --> 00:30:53,640 Speaker 1: they're taking it seriously now that this is sort of 581 00:30:53,680 --> 00:30:55,800 Speaker 1: out of their hands. I think the Trump administration has 582 00:30:55,800 --> 00:30:58,600 Speaker 1: been relatively good in the last few days at at 583 00:30:58,600 --> 00:31:00,920 Speaker 1: projecting that they are on top of this um. But 584 00:31:00,960 --> 00:31:02,360 Speaker 1: it's one of those things that can get away from 585 00:31:02,360 --> 00:31:04,720 Speaker 1: you really fast, and I'll ultimately could not only have 586 00:31:04,800 --> 00:31:07,600 Speaker 1: a huge human toll, a toll on the economy, but 587 00:31:07,760 --> 00:31:10,920 Speaker 1: certainly play an important role in who gets who is 588 00:31:10,960 --> 00:31:13,880 Speaker 1: the next president of the United States. That's fascinating. I 589 00:31:14,320 --> 00:31:18,959 Speaker 1: also think that that how Washington reacts to this is 590 00:31:19,040 --> 00:31:22,840 Speaker 1: literally setting the stage for decades from now when there's 591 00:31:23,840 --> 00:31:28,040 Speaker 1: unfortunately other pandemics and other health virus scares, and so 592 00:31:28,680 --> 00:31:33,040 Speaker 1: historically speaking, very few countries have ever gotten it right. 593 00:31:33,680 --> 00:31:36,120 Speaker 1: And we're having a big debate right now about our 594 00:31:36,160 --> 00:31:39,200 Speaker 1: health care system right and at this when this is 595 00:31:39,240 --> 00:31:41,400 Speaker 1: front and center, how we are able to handle it, 596 00:31:41,440 --> 00:31:43,640 Speaker 1: I think is a big question. And what happens. I 597 00:31:43,680 --> 00:31:46,520 Speaker 1: don't I don't like doing the path like you know, 598 00:31:46,600 --> 00:31:50,960 Speaker 1: the what ifs games with with health and wellness. Uh. 599 00:31:51,000 --> 00:31:54,120 Speaker 1: But again, I mean when you look at historically when 600 00:31:54,800 --> 00:31:59,040 Speaker 1: diseases and illnesses uh start around the world, really no 601 00:31:59,160 --> 00:32:03,600 Speaker 1: country in Amry concluded in that we've stumbled when we 602 00:32:03,680 --> 00:32:05,840 Speaker 1: have a history of stumbling, and not just America. We 603 00:32:06,000 --> 00:32:07,440 Speaker 1: I think we got it better than any other country 604 00:32:07,480 --> 00:32:09,440 Speaker 1: in the world, but we still stumble. And and with 605 00:32:09,520 --> 00:32:12,400 Speaker 1: science and everything and the rate of people traveling around 606 00:32:12,400 --> 00:32:14,440 Speaker 1: the world like a half a day now, it's it's 607 00:32:14,480 --> 00:32:17,280 Speaker 1: really remarkable. All right, that's a good one. Uh, Doug Dornell, 608 00:32:17,400 --> 00:32:21,120 Speaker 1: what's the quick take on your radar? My quick take 609 00:32:21,240 --> 00:32:23,880 Speaker 1: is on the labor dispute that's taking place between the 610 00:32:24,000 --> 00:32:27,960 Speaker 1: NFL p A and the NFL owners. It is a 611 00:32:28,560 --> 00:32:31,360 Speaker 1: dog you fit right in here. So, as you know, Kevin, 612 00:32:31,760 --> 00:32:34,600 Speaker 1: the NFL p A voted their executive board voted on 613 00:32:34,640 --> 00:32:37,200 Speaker 1: a collective bargaining agreement which would add one game to 614 00:32:37,200 --> 00:32:40,440 Speaker 1: the season and increased revenue. But there's a lot of 615 00:32:40,480 --> 00:32:43,680 Speaker 1: anger within the actual player all the players who don't 616 00:32:43,680 --> 00:32:47,120 Speaker 1: support it, people like Aaron Rodgers and Russell Willison and others. 617 00:32:47,160 --> 00:32:49,120 Speaker 1: So it's going to be interesting now that now this 618 00:32:49,280 --> 00:32:51,920 Speaker 1: goes to a vote of the players, all the players 619 00:32:51,960 --> 00:32:53,400 Speaker 1: and all the teams, and it will be interesting to 620 00:32:53,400 --> 00:32:56,760 Speaker 1: see if it gets ratified. Where the vote I assume 621 00:32:57,240 --> 00:33:01,520 Speaker 1: I don't know that, like an NFL Congress speaker the NFL. 622 00:33:01,640 --> 00:33:04,920 Speaker 1: Who's speaker of that? I bet you know it's Tom Brady. Yeah, 623 00:33:04,920 --> 00:33:06,760 Speaker 1: well I think Tom Brady. I'm not sure what his 624 00:33:06,800 --> 00:33:09,600 Speaker 1: position is, but it's a fascinating dispute that's going on 625 00:33:09,760 --> 00:33:12,000 Speaker 1: right now. It's you know, obviously billions and billions of 626 00:33:12,040 --> 00:33:15,720 Speaker 1: dollars we're talking about. Uh. And it looks like there's 627 00:33:15,720 --> 00:33:18,800 Speaker 1: some strife in between within the players association as well, 628 00:33:18,880 --> 00:33:22,560 Speaker 1: which is probably unfortunate in this fight against the owners 629 00:33:22,880 --> 00:33:24,960 Speaker 1: could lead to us I guess either a strike or 630 00:33:25,000 --> 00:33:26,960 Speaker 1: a lockout. I guess if they can't figure this out. 631 00:33:27,080 --> 00:33:29,680 Speaker 1: So where does Roger Goodell coming on all this? Well, 632 00:33:29,680 --> 00:33:32,760 Speaker 1: he runs, you know, he represents the owners, so he 633 00:33:32,920 --> 00:33:35,920 Speaker 1: is I assume negotiating with the Morris Smith, who is 634 00:33:35,960 --> 00:33:39,280 Speaker 1: the NFL p A executive director. That's awesome. That's a 635 00:33:39,360 --> 00:33:42,600 Speaker 1: great one, just because it's it's the Business of sports 636 00:33:42,640 --> 00:33:45,440 Speaker 1: always in treats me and again for the Bloomberg Business 637 00:33:45,440 --> 00:33:48,440 Speaker 1: of Sports radio show. You can download it cross platform 638 00:33:49,000 --> 00:33:51,800 Speaker 1: on Bloomberg dot com or by downloading the Bloomberg Business 639 00:33:51,840 --> 00:33:54,280 Speaker 1: app and their cross platform. The Business of Sports on 640 00:33:54,280 --> 00:33:58,240 Speaker 1: Bloomberg is one of my favorite programming notes that we 641 00:33:58,320 --> 00:34:00,400 Speaker 1: have here. All right, here's what's on my radar. Uh. 642 00:34:00,440 --> 00:34:02,720 Speaker 1: It's Secretary of State Mike Pompeo, who has really been 643 00:34:03,280 --> 00:34:07,360 Speaker 1: at the forefront of the Afghan peace deal. Uh and 644 00:34:07,600 --> 00:34:10,560 Speaker 1: with the Taliban and uh, you know, I mean it's 645 00:34:10,600 --> 00:34:15,560 Speaker 1: something that really could prove to be another another big 646 00:34:15,600 --> 00:34:20,480 Speaker 1: development as it relates to US foreign policy. Uh And 647 00:34:20,480 --> 00:34:22,480 Speaker 1: and whether you agree with it or disagree with it, 648 00:34:22,960 --> 00:34:25,439 Speaker 1: the fact that there was this peace deal that has 649 00:34:25,480 --> 00:34:30,200 Speaker 1: been announced. Uh, you know, it's something that I think 650 00:34:30,480 --> 00:34:33,280 Speaker 1: it's not something that Democrats have really talked about during 651 00:34:33,320 --> 00:34:37,680 Speaker 1: the especially the foreign policy. Would you agree with that? Brennan. 652 00:34:37,719 --> 00:34:39,960 Speaker 1: Have we heard much foreign policy from Bernie Sanders and 653 00:34:40,040 --> 00:34:43,839 Speaker 1: Joe Biden. We've heard a lot about Iraq. That's been 654 00:34:43,880 --> 00:34:46,160 Speaker 1: one of the go to attack lines for Bernie Sanders 655 00:34:46,200 --> 00:34:48,680 Speaker 1: is that Joe Biden doesn't have the wisdom to see 656 00:34:48,719 --> 00:34:52,759 Speaker 1: pass whatever. But it's not nuanced beyond the vote the 657 00:34:52,760 --> 00:34:54,800 Speaker 1: Iraq ward. I mean, it's not well, nothing that Bernie 658 00:34:54,800 --> 00:34:56,840 Speaker 1: Sanders says his nuanced, right, and that's one of the 659 00:34:56,840 --> 00:34:59,520 Speaker 1: big things that he projects himself as this policy guy. 660 00:34:59,560 --> 00:35:03,279 Speaker 1: But it's all these vague tropes about whatever, you know, 661 00:35:03,400 --> 00:35:05,880 Speaker 1: and and he he doesn't really ever get blow into 662 00:35:05,920 --> 00:35:09,880 Speaker 1: the surface level. His his his philosophy, his UH doctrine 663 00:35:10,160 --> 00:35:13,160 Speaker 1: is is very isolationist, and he uses that too great 664 00:35:13,160 --> 00:35:14,960 Speaker 1: advantage in this moment. It's sort of in the same 665 00:35:15,000 --> 00:35:17,600 Speaker 1: way that Donald Trump does. I don't know that this 666 00:35:17,640 --> 00:35:19,520 Speaker 1: is going to be an election that's turned on that, 667 00:35:19,600 --> 00:35:20,960 Speaker 1: So I don't know how much juice he is going 668 00:35:21,000 --> 00:35:24,520 Speaker 1: to actually get out of attacking Joe Biden on it. Interesting. Alright, 669 00:35:24,600 --> 00:35:27,520 Speaker 1: final thoughts, We've got a minute left as we head 670 00:35:27,560 --> 00:35:31,360 Speaker 1: into as we as we dissect Super Tuesday, any lessons 671 00:35:31,800 --> 00:35:34,840 Speaker 1: that you think the Democratic Party should learn Doug Thornell 672 00:35:35,000 --> 00:35:37,319 Speaker 1: coming out of Super Tuesday, not the campaigns, but the 673 00:35:37,360 --> 00:35:39,600 Speaker 1: Democratic Party as a whole. As you're have you've been 674 00:35:39,600 --> 00:35:42,839 Speaker 1: crunching the numbers today, Well, if it ain't broke, don't 675 00:35:42,840 --> 00:35:45,040 Speaker 1: fix it. And that that what that means is in 676 00:35:45,840 --> 00:35:49,120 Speaker 1: the Democrats put together a pretty effective campaign, a strong 677 00:35:49,239 --> 00:35:52,440 Speaker 1: message focused on healthcare. They won a whole bunch of seats, 678 00:35:52,440 --> 00:35:54,920 Speaker 1: they took back the House. Looks like Joe Biden is 679 00:35:54,960 --> 00:35:57,000 Speaker 1: replicating that in a sense that he you know, he 680 00:35:57,080 --> 00:36:00,360 Speaker 1: has a you know, he's he's campaigning as a centrist Democrat. 681 00:36:00,480 --> 00:36:04,440 Speaker 1: He's a centrist, progressive Democrat. Uh and talking about healthcare, 682 00:36:05,000 --> 00:36:07,960 Speaker 1: building on Obamacare, and and you know he's winning over 683 00:36:07,960 --> 00:36:11,200 Speaker 1: the suburban voters that Dems won in En. That's how 684 00:36:11,640 --> 00:36:14,080 Speaker 1: they're going to win back that win back the White House, 685 00:36:14,120 --> 00:36:17,880 Speaker 1: along with massive African American turnout quickly in like fifteen seconds. 686 00:36:17,960 --> 00:36:20,720 Speaker 1: Brendan that day for President Trump, with Biden getting drum Madam, 687 00:36:21,320 --> 00:36:23,480 Speaker 1: Maybe I don't. I never bought the idea that Bernie 688 00:36:23,520 --> 00:36:25,880 Speaker 1: Sanders couldn't beat him, though, I mean I I do 689 00:36:25,920 --> 00:36:28,719 Speaker 1: think that Bernie Sanders would have been a really serious 690 00:36:28,960 --> 00:36:32,279 Speaker 1: or still could be a very serious opponent. Um. I 691 00:36:32,360 --> 00:36:34,360 Speaker 1: just we need to stop pretending like we know exactly 692 00:36:34,360 --> 00:36:36,040 Speaker 1: how these things are going to turn out. Agreed, We'll 693 00:36:36,080 --> 00:36:38,200 Speaker 1: leave it there. I'm Kevin Sireley. This is Bloomberg.