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Speaker 1: Why from our nations this budget thing is going to

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Speaker 1: do nothing. Space Force. I still think it's interesting President

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Speaker 1: Trump not playing his cards yet. Headlines Policy and Politics,

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Speaker 1: a lightning to Bloomberg Sound On, the Insiders, the influencers,

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Speaker 1: the inside. The Senate map in looks a lot different

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Speaker 1: than it looked in twenty eight teens. We shouldn't as

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Speaker 1: Democrats be a power in the Republicans. President Trump was

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Speaker 1: sent here to smash conventional norms. I would rather see

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Speaker 1: a congressional solution. It's part of my DNA. This is

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Speaker 1: Bloomberg Sound On with Kevin Shirley on Bloomberg one h

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Speaker 1: D two. Kevin Sireli, Chief question and correspondent for Bloomberg

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Speaker 1: Television and Bloomberg Radio. Still working from home. How's everybody

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Speaker 1: doing out there with that? Yeah, it's frustrating. Right. We

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Speaker 1: are on official standby watch for five thirty pm when

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Speaker 1: the President will have his daily Coronavirus Task Force briefing,

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Speaker 1: and you can catch that and listen to that right

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Speaker 1: here on Bloomberg. We have an all star panel. I'm

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Speaker 1: so incredibly grateful for our callers who are calling in

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Speaker 1: for today's show. Three of my absolute favorites Jen Saki

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Speaker 1: is going to check in with us. She's the former

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Speaker 1: communications director to former President Barack Obama. She also was

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Speaker 1: the spokesperson for the States Department during carries Rain at

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Speaker 1: the U S. States Department. Guy Snodgrass returns. We're gonna

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Speaker 1: check him with him on some foreign policy. He's the

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Speaker 1: former speechwriter to the previous previous Defense secretary. But we

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Speaker 1: begin tonight with a friend of mine, a friend of

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Speaker 1: the program, and a journalism all star, the legendary, iconic,

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Speaker 1: indefatigable gret Evans sustn Greta, how are you my friend? Good?

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Speaker 1: Does that introduction mean? I'm old? I don't even know Greta.

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Speaker 1: I don't even know what day it is because we've

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Speaker 1: been like stuck on groundhoud Day doesn't realize that she

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Speaker 1: paid you to an advance of the show. She would

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Speaker 1: have gotten that, alright, So did you see this? The

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Speaker 1: President is going to give his daily Coronavirus Task Force briefing.

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Speaker 1: But it's it's now this tension as to when the

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Speaker 1: economy or pocket city economy are going to be able

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Speaker 1: to be reopened. The US economic data shows deep hit

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Speaker 1: in March and a collapse in April. Let me just

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Speaker 1: read for you this this dire reporting from the Bloomberg terminal.

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Speaker 1: US retail sales and factory output posted historic declines in March,

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Speaker 1: and other figures showed that the worst is yet to come.

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Speaker 1: So optimistic, The value of overall retail sales fell eight

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Speaker 1: point seven percent from the prior month, the biggest decline

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Speaker 1: in records dating back too. So then the data goes

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Speaker 1: on to say that the coronavirus containment measures escalated quickly

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Speaker 1: in the months, as states began closing restaurants and bars

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Speaker 1: to dine in customers and urging residents to stay home. Greta,

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Speaker 1: when are they gonna let us out of the house? Well,

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Speaker 1: I think it depends where you live. Obviously, it's a

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Speaker 1: big country. If you're a rancher out in the West,

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Speaker 1: is a lot different than if you're in the urban

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Speaker 1: community like we are here DC or in New York. Um,

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Speaker 1: look what I'm hoping for? And I say hope, because

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Speaker 1: you've got to have optimism, as we're all two questioned,

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Speaker 1: And boy, I tell you, uh, and you know, I

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Speaker 1: have a lot easier than most people in this country. Um,

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Speaker 1: in terms of questration or whatever. The quarantine rather Um,

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Speaker 1: but um, I think we're gonna have pent up consumption

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Speaker 1: so that I think when we finally do get out

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Speaker 1: of this is I think that the Americans are going

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Speaker 1: to have a lot of consuming they want to do.

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Speaker 1: I hope they do that. And I also think a

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Speaker 1: little touch of patriotism will help. And you know, he said,

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Speaker 1: we're just gonna have to go and support our neighbors

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Speaker 1: or restaurants and everything else. It's gonna be tough. Um,

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Speaker 1: but you know, after World War two was tough, After

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Speaker 1: nine eleven was tough. Not you know, not eleven in

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Speaker 1: terms of economy is not as tough as it is now. Um,

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Speaker 1: but we don't have much choice, Kevin. You know, we

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Speaker 1: got to do this. So I hear you on not

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Speaker 1: having much choice. But even you know, in the past

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Speaker 1: twenty four hours, Greta, Uh, you've got Governor Gavin Newsom

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Speaker 1: of California openly weighing options to open Californy parts of California,

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Speaker 1: or at least some type of re entrance plan. You

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Speaker 1: have New York Governor Andrew Cuomo forming I guess an

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Speaker 1: alliance or whatever with six states in the region. But

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Speaker 1: you know, you go out to Michigan. You've got to Wisconsin.

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Speaker 1: People want to get back to work. And so how

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Speaker 1: gonna go berserk. Well, he says that's the governor's problem.

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Speaker 1: Now has been us from yesterday. So he's gonna lay

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Speaker 1: the problem on the governor's Essentially Michigan's governor Whitmer's taking

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Speaker 1: a lot of heat in Michigan because she has you know,

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Speaker 1: people came and go if they have a second home,

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Speaker 1: they came and traveled for the second home. She's got

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Speaker 1: some pretty tough strict requirements in her state. But look, um,

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Speaker 1: you know it's just and I cannot imagine that it's

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Speaker 1: one size fits all. And you know this is this

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Speaker 1: is hard on an awful lot of people, very tough

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Speaker 1: with I mean, and discussed the healthy impact or even

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Speaker 1: life or death. But I think that you know, we're

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Speaker 1: gonna have to just we're gonna have to ease down.

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Speaker 1: Even when when he watched Governor Cuomo at his um

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Speaker 1: at his press briefs, he talks about a valve and

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Speaker 1: you're gonna open the valve a little bit and see

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Speaker 1: how that works. And you open a little bit more

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Speaker 1: and see how that works, and if it dozen, we're

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Speaker 1: gonna turn the vail back, you know, turn it back

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Speaker 1: tight again. Um, there is you know, if this were

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Speaker 1: so easy, and if they were easy solution of magic formula,

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Speaker 1: I think we'd be hearing about. But everyone admits this

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Speaker 1: is tough. This is not going to be easy, and

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Speaker 1: it really has her an awful lot of people. I

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Speaker 1: always gets scooped by gretav ancestra in so you know,

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Speaker 1: Greta always beats me. And I still, you know, I

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Speaker 1: still look up to. You had a really big get

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Speaker 1: on your on the Great TV program that you have

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Speaker 1: with Gary Khne, the President's former senior economic advisor. What

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Speaker 1: did he What did Gary Cohne tell you? Well, he

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Speaker 1: says we're gonna have a GDP about ten or something

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Speaker 1: in the third or fourth quarter. I mean he was

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Speaker 1: actually he made you feel good when you listen to

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Speaker 1: about right. You know, I so much want to think

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Speaker 1: that he's he's the brilliant one, he's the one of

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Speaker 1: the great fusion. But he's the one who does talk

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Speaker 1: about this whole thing with consumption as they were all

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Speaker 1: sitting at home waiting to consume, and that it's just

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Speaker 1: gonna be explosive when we finally get out here. So

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Speaker 1: he is extremely optimistic. But you know, I think, you know,

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Speaker 1: the market to me is a little bit like Vegas.

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Speaker 1: If everybody guesses and rolls the dice. I don't think

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Speaker 1: that's a a lot of certainty. Um. And then after

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Speaker 1: after something happens that those who happened to guests right, well,

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Speaker 1: you know, we'll tell you know how smart they were

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Speaker 1: and how they got it right. Um, But I don't.

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Speaker 1: I don't think right now it's possible to predict with

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Speaker 1: any certainty what's gonna happen. But it's true, as you know,

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Speaker 1: it's sure is a good idea to have some hope,

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Speaker 1: but be realistic hope and uh and be part of

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Speaker 1: the solution so that when we do get eased out,

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Speaker 1: you know, go out of your way to buy things,

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Speaker 1: you know, go out of your way to help people.

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Speaker 1: So you know, this is this is there's no perfect

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Speaker 1: solution here, Kevin, and no one can predict the future

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Speaker 1: on this one, but we can at least try to

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Speaker 1: try to work together to to rip up our economy.

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Speaker 1: Garry Cone, the optimists are you listening, Gary Cone? The

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Speaker 1: optimists who would have thought, right you know but that,

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Speaker 1: but it's all may be perspective because you know, it's like,

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Speaker 1: if you know, if I'm expected them to be so

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Speaker 1: much worse than so much more doom and glue, of

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Speaker 1: course it's going to seem like an optimist to me. Um,

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Speaker 1: if you're expecting them to say something no much more

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Speaker 1: like you know, we're gonna you know, we're gonna roar

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Speaker 1: out of this in two weeks. And of course everyone

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Speaker 1: say he's a pessimist to say that's not gonna happen

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Speaker 1: until you know, November are just number. Um, you know,

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Speaker 1: it's all perspective, but um, but you know he had

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Speaker 1: a you know, what he said made a lot of sense.

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Speaker 1: Let's just hope he's right. Yeah, Well, you know, at

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Speaker 1: this point, I don't know, Greta, I struggle with this

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Speaker 1: because on the one hand, I hear what everyone's saying

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Speaker 1: about the social distancing, but I also feel like Main

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Speaker 1: Street is getting whacked worse than Wall Street, you know,

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Speaker 1: and that really bothers us. But it angers but makes

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Speaker 1: even worse. What makes it even worse that Main Street

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Speaker 1: actually produces thing. Wall Street just moved numbers, you know,

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Speaker 1: so you know, yeah, it's a lot easier. It's a

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Speaker 1: lot easier just to move cash around and buy stocks

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Speaker 1: and bonds and to do this to you know, make

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Speaker 1: widgets and and you know, make payroll in your in

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Speaker 1: your room, in your restaurant. Well, all right, so tell

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Speaker 1: me one, tell me one more good piece of these.

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Speaker 1: We got a minute left. Tell me tell me something

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Speaker 1: on your radar that's given you hope and given you optimism.

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Speaker 1: Come on, Greta, Oh brother, it's come on. You know what.

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Speaker 1: This is tough, you know, you know, you know what

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Speaker 1: to choose, this was it. I'm so lucky. I'm healthy,

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Speaker 1: my husband's healthy, my family's healthy, everything, And you know,

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Speaker 1: it's hard for me to enjoy that because I look

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Speaker 1: around and there are a lot of people in these

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Speaker 1: life and death situations and also financially. So you know,

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Speaker 1: I'm very lucky, and but it's very hard watching so

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Speaker 1: many other people's stuffer. And I just want to get

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Speaker 1: through this so that we can try to help those people.

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Speaker 1: You want to do something to Appleton, Wisconsin's finest, but

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Speaker 1: no go Eagles. Oh gosh, thanks for calling it, gret

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Speaker 1: I appreciate the time. As always, That's what's so hard

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Speaker 1: about this, folks, is they're telling us to stay home.

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Speaker 1: If you grew up in Delko or Appleton's, you want

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Speaker 1: to get out there and do something. I'm over it.

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Speaker 1: Coming up next, Guy snod Grass and Jensaki. You're listening

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

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Speaker 1: Surley on Bloomberg and one oh five two. I got

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Speaker 1: to give a shout out to d C Scores, one

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Speaker 1: of my favorite organizations in the Nation's capital. UH. They've

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Speaker 1: been doing. DC Scores is an after school program for

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Speaker 1: UH youth in the in the district and they provide

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Speaker 1: free after school soccer for UH for folks and all

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Speaker 1: throughout all throughout the DC area, and they also educate

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Speaker 1: them on to become young poets and young authors. And

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Speaker 1: they've been posting UH and not just DC Scores organizations

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Speaker 1: like that. They've been posting some at home activities on

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Speaker 1: their various YouTube platforms and whatnot for kids to be

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Speaker 1: able to play, to pick up a ball and play

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Speaker 1: with some awesome DC United members and some awesome athletes.

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Speaker 1: And I don't know, I think that's awesome. You know,

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Speaker 1: we we think so much about UH, so many different

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Speaker 1: aspects of this, but It's very inspiring to see DC

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Speaker 1: Scores continue to do all of their incredible work. It's

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Speaker 1: such an amazing organization. And shout out to everyone in

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Speaker 1: the nonprofit world who are also having to work from

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Speaker 1: home and think of new ways and think outside the

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Speaker 1: box to navigate whatever era we are in. I'm Kevin Cirelli,

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

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Speaker 1: Joining me on the line is my stoic brethren, Guy Snodgrass.

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Speaker 1: He returns, Guy is I always I always never want

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Speaker 1: to mess up his his title CEO of Defense Analytics,

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Speaker 1: former director of Communications and chief speech writer to Secretary

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Speaker 1: of Defense James Maddis, and author of the best selling

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Speaker 1: book Holding the Line Inside Trump's Pentagon with Secretary Manis.

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Speaker 1: I was just telling our crew I'm reading right now

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Speaker 1: Ghost Wars by Steve call and that's been my book

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Speaker 1: of the week, so to speak, that I've been burying

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Speaker 1: myself in. But I can't recommend guys book enough. It's

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Speaker 1: really really well done. Guy Okay, lots to get through.

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Speaker 1: Now that that intro is out of the way, I

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Speaker 1: do want to start more with the U S. S.

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Speaker 1: Theodore Roosevelt. The sailor who tested positive it for COVID

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Speaker 1: nineteen on the U S. S. Theodore Roosevelt passed away

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Speaker 1: of coronavirus, the Navy said yesterday the Navy, I'm reading

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Speaker 1: from CNN dot com. The Navy did not disclose the

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Speaker 1: name of the sailor who was admitted to the Intensive

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Speaker 1: Care Unit UH of the U. S. Navy Hospital on Thursday.

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Speaker 1: And this, this U S. S. Theodore Roosevelt issue has

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Speaker 1: really become a test of sorts for the for the military.

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Speaker 1: What can you tell us about where things stand now? Well,

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Speaker 1: I think that as we've seen, I mean, as COVID

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Speaker 1: nineteen engages with any population, you know, you have a

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Speaker 1: few cases and then suddenly it starts to ramp upward

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Speaker 1: pretty quickly. I know, the last time you and I

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Speaker 1: the ship's captain, Captain Brett Crozer, and kind of killed

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Speaker 1: the onion back on that one. Like you mentioned, What

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Speaker 1: we know now is that one of those sailors has

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Speaker 1: unfortunately passed away. There's over six cases on board the ship,

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Speaker 1: and as of this morning they said that they have

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Speaker 1: another five or so who are now in intensive care,

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Speaker 1: one of which is on a respirator. So the unfortunately

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Speaker 1: the circumstances here, it's continuing to progress on more of

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Speaker 1: that ship, and there's a lot of readiness concerns as

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Speaker 1: we look to what does this mean for other ships

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Speaker 1: that are currently deployed, and how will the Navy respond,

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Speaker 1: let alone, how will be less military response because we're

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Speaker 1: a globally distributed force. This is probably a dumb question,

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Speaker 1: but I'm gonna ask it anyway. Why can't they part

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Speaker 1: the ship somewhere and put them in a hotel or

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Speaker 1: somewhere so they can't? And that's what Captain Krozer was

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Speaker 1: essentially fired for advocating for the carrier, the nuclear powered

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Speaker 1: aircraft carrier USS Theodore Roosevelt, the one that's captivated a

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Speaker 1: lot of people because it's been in the press so

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Speaker 1: often in recent days, had already pulled in. It was

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Speaker 1: port side in Guam and at the initially the Navy

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Speaker 1: leadership had said, let's keep all the sailors on board

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Speaker 1: that ship, and Captain Krozer had said, this is a

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Speaker 1: terrible idea. There's no way to separate people on board

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Speaker 1: a ship. Unfortunately, you know when you when you line

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Speaker 1: up for chow, there's an incredibly long line. I mean

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Speaker 1: everyone is standing with them about a foot of each

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Speaker 1: other as they're waiting for food. It's it's incredibly difficult

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Speaker 1: to separate the sailors. So he had to advocated very

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Speaker 1: loudly for we need to get these sailors as many

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Speaker 1: as we can off the ship so we can do

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Speaker 1: two things. We want to be able to try and

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Speaker 1: separate the sailors out so we can prevent the spread

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Speaker 1: of coronavirus. And the second thing we want to do

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Speaker 1: is give teams and crews the opportunity to get on

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Speaker 1: board the ship and do some disinfecting. We want to

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Speaker 1: make sure we clean the ships as much as we can.

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Speaker 1: After about two to three weeks, as you show that

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Speaker 1: all the cases have died off, then you can reload

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Speaker 1: the crew and get the ship back out the sea.

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Speaker 1: He saw that as the quickest way to get the

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Speaker 1: ship back on mission. Guys nod grasses on the line.

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Speaker 1: He uh uh. He's joined us very frequently in the

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Speaker 1: past couple of weeks to help us understand how the

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Speaker 1: military is responding to COVID nineteen. Okay, so that's what's

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Speaker 1: going on. In the uss uh, Teddy Roosevelt, take us

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Speaker 1: now behind the scenes, and and then the folks that

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Speaker 1: you're talking with an intel world and in the military world,

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Speaker 1: what is the military been doing? What has Secretary Asper

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Speaker 1: been doing to make sure that around the world where

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Speaker 1: they're in and hot and uh tense places in the

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Speaker 1: Middle East, for example, how is the U. S. Military

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Speaker 1: protecting itself uh during this time at a time in

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Speaker 1: which domestically the country is under such constraints. Well, I

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Speaker 1: think it's you know, the military has always been an

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Speaker 1: extension of the population it serves. I think the way

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Speaker 1: that the U. S. Military is looking to mitigate the

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Speaker 1: impact of existing coronavirus cases as well as to look

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Speaker 1: to prevent any future infections is very much like what

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Speaker 1: we're seeing here domestically. If you have an outbreak, if

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Speaker 1: you have a unit that's had people affected by it,

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Speaker 1: then you want to give them the proper medicated medical treatment.

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Speaker 1: You want to isolate those individuals to help prevent the spread.

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Speaker 1: They have largely instituted social distancing measures when they're appropriate

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Speaker 1: and when you can. And a lot of the units

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Speaker 1: that that I'm still talking with, especially for example, naval

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Speaker 1: aviation a lot of fighter planets that they'll bring in

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Speaker 1: these crews kind of one you'll have one crew on

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Speaker 1: one week schedule and they'll fly and they'll work that

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Speaker 1: entire week, and then you'll take that the next week

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Speaker 1: off and and kind of the next team comes in

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Speaker 1: and they rotate through to try and reduced the potential

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Speaker 1: for spread. But you know, even as we saw yesterday,

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Speaker 1: I mean, enacting such large policies when you think about

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Speaker 1: the U. S. Military, there's more than three million men

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Speaker 1: and women who serve in America's military, trying to enact

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Speaker 1: it once ie fits all policies very difficult. We saw

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Speaker 1: this play out yesterday when Secretary of Defense Esper had

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Speaker 1: taken to the briefing room. He was there with the

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Speaker 1: Chairman of the Joint Chiefs, General Millie, and even Espro

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Speaker 1: was saying, hey, you know social distancing for haircut that

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Speaker 1: became kind of a theme yesterday, and General Milliyejohn kind

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Speaker 1: of jumped out in the front said, whoa, that's not policy.

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Speaker 1: We haven't changed anything yet. There was confusion with the

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Speaker 1: reporters in the room, and I think that was just

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Speaker 1: a great example of when you're talking about units that

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Speaker 1: are globally deployed units. You're in the United States, It's

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Speaker 1: really hard to try and do a one size fits

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Speaker 1: all policies. It's gonna apply to everybody, you know. I

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Speaker 1: never I learned something new. I'd right there, and I

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Speaker 1: appreciate you telling us that because just sins. Domestically, we

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Speaker 1: in the United States are having to weigh different options

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Speaker 1: for opening and reopening parts of the country UH, cities

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Speaker 1: and whatnot versus world communities, and a one size fits

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Speaker 1: all approach doesn't work on the economic reopening front. I

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Speaker 1: never would have thought that. In different regions around the world,

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Speaker 1: military personnel UH and service members are also having to

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Speaker 1: weigh with that A vault Wow. Thank you, Guy Snodgrass.

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Speaker 1: Coming up next, Jen Saki, you don't want to miss that,

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Speaker 1: Guy Snodgrass. Thank you always for the time. I'm Kevin Sili,

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Speaker 1: Chief Washington correspondent for Bloomber TV and Radio. And you're

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

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

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Speaker 1: seven f M h D two. I'm Kevin Cirilli, chief

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Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio. I gotta

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Speaker 1: just give another shout out to our entire production team,

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Speaker 1: Matt Shirley, Christine Barada, and the legendary Bob Brag because,

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Speaker 1: let me tell you, working from home on the production

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Speaker 1: side of things isn't is. It's a different adventure every

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Speaker 1: single day, but we always pull it off. Joining us

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Speaker 1: on the line, someone else who always pulls it off

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Speaker 1: is Jen Sak. Jen, this is your first time on

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Speaker 1: the Bloomberg Sound On program, Bloomberg Radio sound On program,

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Speaker 1: So incredibly grateful for you to lend some of your

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Speaker 1: insights for us. Jen is a is a political veteran.

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Speaker 1: She is the former communications director for the Obama administration.

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Speaker 1: Previously also was the spokesperson to Secretary of State John Kerry. So, Jen,

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Speaker 1: thank you so much for calling in. It looks like

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Speaker 1: Democrats are united. Obama's with Biden, Bernie's with Biden. Now what,

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Speaker 1: Oh my goodness. No one would have ever predicted that

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Speaker 1: months ago. I literally mean no one would have predicted it. Uh.

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Speaker 1: You know, it's of course been lost with far more

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Speaker 1: pressing important news, which is, you know, the daily ups

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Speaker 1: and downs of coronavirus um. But this is a big

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Speaker 1: deal for Democrats that the primaries wrapped up early, that

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Speaker 1: Bernie Sanders came out and endorsed Joe Biden last week,

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Speaker 1: that Elizabeth Warren endorsed Joe Biden, and that the Democrats

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Speaker 1: are coalescing behind a candidate. Does it mean that every

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Speaker 1: Bernie Sanders supporter will support Joe Biden. No, it certainly doesn't.

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Speaker 1: But every Hillary Clinton supporter didn't support Barack Obama in

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Speaker 1: two thousand and eight, and we still want so It's

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Speaker 1: still good for Democrats because we can, you know, get

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Speaker 1: all of our resources nationally and in the States behind

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Speaker 1: one candidate. And boy do we need it, because Donald

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Speaker 1: Trump has a head start in a lot of areas.

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Speaker 1: Jen One of the things that we've been talking about

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Speaker 1: over the last couple of weeks on this program is

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Speaker 1: that tug of war tension between wanting to respect the

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Speaker 1: health community but also understanding that Americans right now are

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Speaker 1: feeling incredibly anxious and scared, uh and restless as it

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Speaker 1: relates to the economy. And if you go into a

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Speaker 1: state like Michigan or Wisconsin, parts of Pennsylvania, that tension

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Speaker 1: is alive and well, just as real as as COVID nineteen,

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Speaker 1: How is the Biden campaign Jen Psaki going to message

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Speaker 1: and those swing voter districts that likely will decide this

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Speaker 1: thing in November. UH, And how is how does Biden

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Speaker 1: penetrate that, especially given the current health crisis that we

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Speaker 1: face and really being on the brink of an economic collapse.

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Speaker 1: You know, Kevin, I was at the b in the

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Speaker 1: Obama administration and two thousand nine when we came in UH,

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Speaker 1: during what we thought would be the worst global global

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Speaker 1: economic crisis of our lifetime. UM. And this as you

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Speaker 1: as you know and you've been reporting and talking about,

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Speaker 1: is shaping up to be are worst. So you know,

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Speaker 1: we're only in April right now. UM. Things will look

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Speaker 1: very different in October and November. UM. And they will

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Speaker 1: certainly look different in January when Joe Biden takes office.

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Speaker 1: And by different, I mean they're projecting to look far worse. UM.

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Speaker 1: As it relates to the uncertainty that people have about

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Speaker 1: the economy and jobs and economic growth around the country.

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Speaker 1: So Joe Biden would be coming in to the White

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Speaker 1: House as president during a huge economic downturning crisis in

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Speaker 1: our country, and you know that needs um UH smart

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Speaker 1: policy people around him to figure out how to keep

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Speaker 1: small businesses open or get them back to opening up again,

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Speaker 1: to make sure people have, UM, the the the support

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Speaker 1: to make end meet, that they have things like health

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Speaker 1: care coverage. It also requires honesty and empathy from the

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Speaker 1: White House. And you know that's not going to put

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Speaker 1: small businesses back in business. I'm not suggesting that, but

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Speaker 1: right now, part of what the American people are dealing

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Speaker 1: with is UM. You know a lot of inconsistent information

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Speaker 1: from the White House, inaccurate information, a delay in an

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Speaker 1: action and taking action. UM. And I don't think that

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Speaker 1: a Joe Biden presidency would be like that. Do you

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Speaker 1: think that the Biden campaign is gonna unveil not next

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Speaker 1: week or next month, but maybe an all September a

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Speaker 1: massive economic vision to to revitalize the nation's economy? Is that?

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Speaker 1: Is that? Because this is from my for what it's worth,

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Speaker 1: I think this is going to be an economic election,

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Speaker 1: and it's going to be who side are you on

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Speaker 1: and who has the better path, uh for for for

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Speaker 1: revitalizing the economy. I think you're exactly right, Um. Kevin

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Speaker 1: and I lived through one of those two and I

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Speaker 1: was traveling press secretary for Barack Obama in two thousand eight.

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Speaker 1: We didn't think it was going to be an economic

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Speaker 1: election and it turned out to be. And you know, yes,

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Speaker 1: to answer your question, I think he will and he

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Speaker 1: has to and earlier than August, because you have to

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Speaker 1: have you know, when people open the cupboard and when

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Speaker 1: they when they are open to another option, an alternative,

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Speaker 1: I should say to the sitting president because every every

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Speaker 1: every election is a referendum presidential election, I should say

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Speaker 1: on the sitting president. They want to know that the

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Speaker 1: other guy or gal has something else to offer. So

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00:22:23,920 --> 00:22:27,200
Speaker 1: Biden is going to have to present an economic vision

429
00:22:27,600 --> 00:22:30,919
Speaker 1: with substance. But it's also bigger than that, you know,

430
00:22:31,200 --> 00:22:33,040
Speaker 1: not bigger than that, but it's more than that, I

431
00:22:33,040 --> 00:22:35,200
Speaker 1: should say. And you know, in two thousand and eight,

432
00:22:35,560 --> 00:22:39,399
Speaker 1: Barack Obama one in part not just not because he

433
00:22:39,480 --> 00:22:42,800
Speaker 1: had he did have better economic proposals than my views, unbiased,

434
00:22:43,280 --> 00:22:46,040
Speaker 1: than John mcain, but also because people felt like he

435
00:22:46,119 --> 00:22:48,399
Speaker 1: was somebody who was going to fight for them. And

436
00:22:48,440 --> 00:22:53,560
Speaker 1: that doesn't sound important, but it sure is when you talk. Yeah,

437
00:22:53,640 --> 00:22:55,960
Speaker 1: and I and I think that what Joe Biden is

438
00:22:56,000 --> 00:22:59,320
Speaker 1: going to need to do is what he's been doing

439
00:22:59,359 --> 00:23:01,880
Speaker 1: through his care rear, which is to be the guy

440
00:23:02,000 --> 00:23:05,600
Speaker 1: who can emphathize, be empathetic, I should say, in the

441
00:23:05,600 --> 00:23:08,640
Speaker 1: way that's a hard word with the challenges people are facing,

442
00:23:08,680 --> 00:23:11,000
Speaker 1: and make clear that he's going to be the person

443
00:23:11,040 --> 00:23:14,320
Speaker 1: who's fighting for them. Uh. And that of course needs

444
00:23:14,320 --> 00:23:17,280
Speaker 1: to be backed up by economic policies. UH. And people

445
00:23:17,320 --> 00:23:18,679
Speaker 1: are gonna have to take a look at that and

446
00:23:18,720 --> 00:23:21,359
Speaker 1: see if they think that or what what Donald Trump

447
00:23:21,400 --> 00:23:24,080
Speaker 1: is presenting is better. Uh. And that, ultimately, I agree

448
00:23:24,080 --> 00:23:26,520
Speaker 1: with you, is likely to be the choice in November.

449
00:23:27,000 --> 00:23:29,760
Speaker 1: Jennsaki is on the line. She's the former communications director

450
00:23:30,000 --> 00:23:33,720
Speaker 1: for former President Barack Obama. Also is having previously served

451
00:23:33,760 --> 00:23:36,800
Speaker 1: as a spokesperson for the Department of State for former

452
00:23:36,840 --> 00:23:40,600
Speaker 1: Secretary of State John Kerry. She we should note, was

453
00:23:40,720 --> 00:23:45,239
Speaker 1: an all star swimmer at William and Mary. Back might

454
00:23:45,280 --> 00:23:51,800
Speaker 1: be an over that William and Mary. No one's swimming

455
00:23:51,880 --> 00:23:54,159
Speaker 1: these days. All the polls are closed. I tried to

456
00:23:54,160 --> 00:23:56,840
Speaker 1: play basketball yesterday and what did they do. They put

457
00:23:56,840 --> 00:24:00,200
Speaker 1: a board over the basketball hoops so that more it's

458
00:24:00,280 --> 00:24:03,960
Speaker 1: like me, don't try to go shoot hoops anyway. You

459
00:24:04,640 --> 00:24:06,880
Speaker 1: have to do a little running outside. It's beautiful weather.

460
00:24:07,200 --> 00:24:09,479
Speaker 1: It is it is one final question for you. You've

461
00:24:09,520 --> 00:24:11,359
Speaker 1: been so generous with your time. By the way, would

462
00:24:11,359 --> 00:24:16,239
Speaker 1: you come back on appreciate that? Jen. People don't know this,

463
00:24:16,320 --> 00:24:20,159
Speaker 1: but Jen, was probably the last meeting I took before

464
00:24:20,200 --> 00:24:22,080
Speaker 1: they shut everything down. We went to one of my

465
00:24:22,160 --> 00:24:27,360
Speaker 1: favorite places in Washington, dog Tag Bakery, dog Tag Bakery

466
00:24:27,400 --> 00:24:33,960
Speaker 1: and Georgetown, which is this delicious and and they support

467
00:24:34,000 --> 00:24:36,720
Speaker 1: for folks who don't know, dog Tag Bakery and Georgetown

468
00:24:37,200 --> 00:24:40,199
Speaker 1: is UH. They support financial literacy for our vets and

469
00:24:40,240 --> 00:24:42,439
Speaker 1: our veterans, and they do an incredible job. So we

470
00:24:42,480 --> 00:24:44,879
Speaker 1: got coffee there and by the way, that was the

471
00:24:44,920 --> 00:24:48,600
Speaker 1: spot where Barack Obama and Joe Biden got coffee many months,

472
00:24:48,960 --> 00:24:51,960
Speaker 1: many many months ago. Jen, final question for you, what

473
00:24:52,000 --> 00:24:54,480
Speaker 1: does this mean for down ballot races? I mean, we

474
00:24:54,480 --> 00:24:58,240
Speaker 1: talk about the presidential but especially for those Democrats who

475
00:24:58,240 --> 00:25:01,199
Speaker 1: were able to win in suburb UH in two thousand

476
00:25:01,200 --> 00:25:03,840
Speaker 1: and eighteen and able to UH to get the majority.

477
00:25:04,320 --> 00:25:05,800
Speaker 1: What is it? How how are they going to have

478
00:25:05,880 --> 00:25:08,880
Speaker 1: to be campaigning because, as we've mentioned, COVID nineteen has

479
00:25:08,920 --> 00:25:13,159
Speaker 1: such a different impact and a different timeline for so

480
00:25:13,200 --> 00:25:18,440
Speaker 1: many different geographic places across the country. You're exactly right.

481
00:25:18,480 --> 00:25:20,359
Speaker 1: I mean, I think there's a couple of answers to

482
00:25:20,440 --> 00:25:23,080
Speaker 1: this question. I will say the first one is campaigns

483
00:25:23,080 --> 00:25:25,960
Speaker 1: as we know it are no longer this cycle, UM,

484
00:25:26,000 --> 00:25:28,880
Speaker 1: which means that it's unlikely there was going to be

485
00:25:29,359 --> 00:25:31,680
Speaker 1: you know, door to door campaigns that are going to

486
00:25:31,760 --> 00:25:34,080
Speaker 1: help get a state senate race across the finish line

487
00:25:34,119 --> 00:25:36,639
Speaker 1: or even a congressional race across the finish line. So

488
00:25:36,720 --> 00:25:39,719
Speaker 1: campaigns are going to have to be creative and innovative

489
00:25:39,760 --> 00:25:43,400
Speaker 1: about how they organize and how they get volunteers excited

490
00:25:43,440 --> 00:25:47,520
Speaker 1: and engaged about UM. You know, about voting UM for

491
00:25:47,680 --> 00:25:50,679
Speaker 1: their candidates UM. And you know it will be different

492
00:25:50,680 --> 00:25:54,960
Speaker 1: for incumbents versus challengers. For sure, it always is. But

493
00:25:55,040 --> 00:25:58,320
Speaker 1: you know, I think beyond that, you know, every candidate UM,

494
00:25:58,600 --> 00:26:00,720
Speaker 1: up and down the ballot is going to need to

495
00:26:00,760 --> 00:26:05,200
Speaker 1: be presenting to the people they want to vote for them, UM.

496
00:26:05,240 --> 00:26:08,760
Speaker 1: You know, how they're going to make things better UM,

497
00:26:08,840 --> 00:26:11,240
Speaker 1: whether that is the economy and what they would do

498
00:26:11,359 --> 00:26:15,960
Speaker 1: for local small businesses or people who lost their jobs

499
00:26:16,080 --> 00:26:20,440
Speaker 1: or don't have UM security because maybe they're a gig worker, UM,

500
00:26:20,600 --> 00:26:24,840
Speaker 1: or how they're going to help people protect people's health

501
00:26:24,880 --> 00:26:28,000
Speaker 1: in the future, because this could certainly come back. We've

502
00:26:28,000 --> 00:26:31,040
Speaker 1: seen that happen in other countries UM, and we need

503
00:26:31,400 --> 00:26:34,320
Speaker 1: UM elected officials up and down the ballots who are

504
00:26:34,320 --> 00:26:36,359
Speaker 1: going to be mindful of that and be thinking about

505
00:26:36,359 --> 00:26:39,640
Speaker 1: preparedness and how to make sure their communities are prepared

506
00:26:39,640 --> 00:26:42,639
Speaker 1: for this to happen again in the future. Jen Saki,

507
00:26:42,840 --> 00:26:45,240
Speaker 1: you know, one of the big developments outside of Philadelphia

508
00:26:45,280 --> 00:26:49,160
Speaker 1: and Delaware County is why didn't Delko have a local

509
00:26:49,960 --> 00:26:52,600
Speaker 1: health officials and have a local health of health department?

510
00:26:52,640 --> 00:26:55,840
Speaker 1: So I think and others others may need that too.

511
00:26:55,920 --> 00:26:58,600
Speaker 1: You know. I also think this will really raise questions

512
00:26:58,640 --> 00:27:01,280
Speaker 1: about making voting more us the ball because people are

513
00:27:01,320 --> 00:27:02,879
Speaker 1: not going to all be able to go to the

514
00:27:02,920 --> 00:27:05,040
Speaker 1: polls and all likelihood in November, and a lot of

515
00:27:05,040 --> 00:27:06,800
Speaker 1: people are trying to do something on that, including the

516
00:27:06,800 --> 00:27:09,560
Speaker 1: Governor of Virginia. So hopefully we'll see more of that.

517
00:27:09,680 --> 00:27:11,680
Speaker 1: I mean, if you can't go see an NFL game,

518
00:27:12,080 --> 00:27:13,600
Speaker 1: I mean, how do they expect you to go to

519
00:27:13,640 --> 00:27:16,080
Speaker 1: the polls? Jen Saki, everybody, thank you so much for

520
00:27:16,160 --> 00:27:23,360
Speaker 1: first time on the program. Just anytime. Thank you, Thank

521
00:27:23,400 --> 00:27:24,880
Speaker 1: you very much for it for calling in. It means

522
00:27:24,880 --> 00:27:27,240
Speaker 1: a lot. Thank you. Jenn uh, just to reset here,

523
00:27:27,280 --> 00:27:30,639
Speaker 1: we are on official standby watch for President Trump's daily

524
00:27:30,640 --> 00:27:36,160
Speaker 1: Coronavirus Task Force briefing. You can listen to the entire uh,

525
00:27:36,480 --> 00:27:40,000
Speaker 1: the entire daily Coronavirus Task Force briefing right here on Bloomberg.

526
00:27:40,960 --> 00:27:43,600
Speaker 1: I'm just hearing from our White House colleagues that are

527
00:27:43,640 --> 00:27:46,800
Speaker 1: over there that Dr Burke's and Senator Produce just walked

528
00:27:46,800 --> 00:27:50,440
Speaker 1: out to the podium, So that means we should be

529
00:27:50,480 --> 00:27:53,240
Speaker 1: a couple of minutes away. Jack Fitzpatrick is back, one

530
00:27:53,240 --> 00:27:56,040
Speaker 1: of my good buddies at Bloomberg. From Bloomberg Government, he

531
00:27:56,119 --> 00:27:59,440
Speaker 1: covers all things Congress. Jack, what's going on with economic

532
00:27:59,520 --> 00:28:02,040
Speaker 1: Stimulus round four? We are, I mean, where are they

533
00:28:02,080 --> 00:28:04,080
Speaker 1: going to get this through the House? Is it even

534
00:28:04,160 --> 00:28:06,920
Speaker 1: coming back to the first weekend May right, Well, both

535
00:28:07,160 --> 00:28:09,000
Speaker 1: the House and Senate have now said it's gonna be

536
00:28:09,080 --> 00:28:11,720
Speaker 1: made force before they can come back in the Senate

537
00:28:11,760 --> 00:28:14,080
Speaker 1: there in this holding pattern. I don't know if I

538
00:28:14,080 --> 00:28:16,920
Speaker 1: would necessarily call this the next big stimulus, but they're

539
00:28:16,960 --> 00:28:20,879
Speaker 1: trying to add more money for small businesses because it

540
00:28:20,960 --> 00:28:24,240
Speaker 1: looks like we're actually running out of that first tranche

541
00:28:24,280 --> 00:28:27,760
Speaker 1: of three fifty billion dollars for small businesses right around now.

542
00:28:27,920 --> 00:28:31,159
Speaker 1: The expectation was it would run out this afternoon. So

543
00:28:31,240 --> 00:28:34,359
Speaker 1: they want to do another two billion dollars for small businesses.

544
00:28:34,960 --> 00:28:37,680
Speaker 1: Republicans say that's all they should do right now. Democrats say,

545
00:28:37,680 --> 00:28:42,080
Speaker 1: we need more for hospitals, medical equipment, big government's UH

546
00:28:42,280 --> 00:28:45,720
Speaker 1: nutrition assistance. So they're they're in a holding path on

547
00:28:45,840 --> 00:28:50,640
Speaker 1: this more more as usual, in a holding pattern on

548
00:28:50,720 --> 00:28:53,800
Speaker 1: this sort of slimmer package to bolster what they had

549
00:28:53,800 --> 00:28:56,040
Speaker 1: already done. Meanwhile, there are going to have to be

550
00:28:56,080 --> 00:29:00,480
Speaker 1: sort of longer term talks about economic rebuilding and a

551
00:29:00,560 --> 00:29:04,880
Speaker 1: real broad UH stimulus package, but they haven't quite gotten

552
00:29:04,920 --> 00:29:09,600
Speaker 1: into that in earnest just yet. Jack So who sentim

553
00:29:09,640 --> 00:29:12,800
Speaker 1: an artolator truck. Schumer, the top Democrat from New York,

554
00:29:13,080 --> 00:29:15,400
Speaker 1: top democrat in the Senate. He puts out a statement

555
00:29:15,440 --> 00:29:18,000
Speaker 1: earlier today saying that his team is having some good

556
00:29:18,000 --> 00:29:22,200
Speaker 1: conversations with Treasury Secretary Monution on the next round. But

557
00:29:22,360 --> 00:29:25,080
Speaker 1: I mean, you and I have talked about this before.

558
00:29:25,720 --> 00:29:30,680
Speaker 1: Most Americans on Main Street are growing restless, they're growing anxious,

559
00:29:30,880 --> 00:29:34,800
Speaker 1: and they're growing angry at Washington as a whole. And

560
00:29:34,840 --> 00:29:38,400
Speaker 1: they're only now just beginning to get those checks deposited

561
00:29:38,840 --> 00:29:43,840
Speaker 1: into their bank accounts. The President Trump signed money into

562
00:29:43,880 --> 00:29:47,480
Speaker 1: their into their bank accounts. How much time do you think.

563
00:29:47,520 --> 00:29:50,240
Speaker 1: I mean, May is two and a half weeks away.

564
00:29:50,360 --> 00:29:56,440
Speaker 1: That is an eternity away. Can Washington really wait that long? Uh?

565
00:29:56,600 --> 00:29:59,120
Speaker 1: As far as the stuff they're running out of money on,

566
00:30:00,080 --> 00:30:04,400
Speaker 1: it's it's tough. I mean you you hear the difficulty

567
00:30:04,480 --> 00:30:08,160
Speaker 1: that small businesses have gotten have had him getting these loans.

568
00:30:08,880 --> 00:30:13,840
Speaker 1: The frustration is very understandable. On the medical side, Uh,

569
00:30:13,840 --> 00:30:16,840
Speaker 1: there's frustration with the lack of masks, the lack of

570
00:30:17,080 --> 00:30:20,440
Speaker 1: necessary equipment in some places, and the struggle to just

571
00:30:20,560 --> 00:30:24,240
Speaker 1: increase our capacity. I'm curious. Uh, you know now that

572
00:30:24,240 --> 00:30:28,440
Speaker 1: people are getting direct deposits, if you had that set up,

573
00:30:29,320 --> 00:30:33,760
Speaker 1: how much that sort of uh eases people's concerns temporarily.

574
00:30:34,080 --> 00:30:38,240
Speaker 1: But keep in mind, this is a really significant economic crisis,

575
00:30:38,280 --> 00:30:43,400
Speaker 1: and these conversations about bolstering the economy could be uh,

576
00:30:43,480 --> 00:30:45,480
Speaker 1: if it's bad enough, if this could be a year's

577
00:30:45,600 --> 00:30:50,160
Speaker 1: long ongoing conversation. So we're in emergency mode now, but

578
00:30:50,240 --> 00:30:52,520
Speaker 1: the work is not going to be done in the

579
00:30:52,520 --> 00:30:55,880
Speaker 1: near future, you know. Uh. Jack Fitzpatrick is on the line.

580
00:30:55,880 --> 00:31:00,400
Speaker 1: He covers all things Congress for Bloomberg government. Is any

581
00:31:00,400 --> 00:31:03,080
Speaker 1: other work getting done? I mean, that's an oddball, left

582
00:31:03,080 --> 00:31:06,480
Speaker 1: field question. But are they able to in terms of legislation?

583
00:31:06,560 --> 00:31:10,400
Speaker 1: Is it just economic stimulus, just domestic COVID nineteen responses,

584
00:31:10,400 --> 00:31:14,080
Speaker 1: that there anything else getting done? I mean, I would imagine.

585
00:31:14,080 --> 00:31:16,800
Speaker 1: Now I've been I've been asking about that. I've been

586
00:31:16,880 --> 00:31:19,720
Speaker 1: checking in with appropriators who will have to fund the

587
00:31:19,760 --> 00:31:22,760
Speaker 1: government at the end of September so we don't have

588
00:31:22,760 --> 00:31:26,520
Speaker 1: a shutdown in October, and the House appropriators are starting

589
00:31:26,560 --> 00:31:29,720
Speaker 1: to write their bills from home. Uh. Now there's a

590
00:31:29,800 --> 00:31:33,560
Speaker 1: question of can committee leaders do virtual work? Could we

591
00:31:33,640 --> 00:31:36,680
Speaker 1: see virtual markups of bills that are just part of

592
00:31:36,720 --> 00:31:40,600
Speaker 1: the regular orders stuff that Congress was supposed to do anyway? Uh?

593
00:31:40,640 --> 00:31:42,600
Speaker 1: And that that is still up in the air. But

594
00:31:42,640 --> 00:31:46,000
Speaker 1: apparently there have been some conversations about getting the software

595
00:31:46,440 --> 00:31:50,240
Speaker 1: so that committees can do work virtually from home. So

596
00:31:50,280 --> 00:31:54,760
Speaker 1: there is some work going on remote work for Congress

597
00:31:54,840 --> 00:31:58,960
Speaker 1: happening on you know, appropriation bills and other issues. The

598
00:31:59,040 --> 00:32:01,080
Speaker 1: question is how far that go because they're not going

599
00:32:01,320 --> 00:32:03,960
Speaker 1: they're not doing remote voting on the House floor. They're

600
00:32:03,960 --> 00:32:07,920
Speaker 1: still relying on youths and voice votes. Uh so eventually

601
00:32:07,960 --> 00:32:10,920
Speaker 1: they're they're probably going to have to come back in person. Jack.

602
00:32:10,960 --> 00:32:13,840
Speaker 1: Can you imagine this? I mean, truthfully, folks, it's like

603
00:32:13,840 --> 00:32:17,040
Speaker 1: a bad SNL skit. Can you imagine a committee, take

604
00:32:17,080 --> 00:32:21,880
Speaker 1: any committee, and they're all logging in on zoom, trying

605
00:32:21,920 --> 00:32:24,800
Speaker 1: to get through a markup, trying to get through a

606
00:32:25,600 --> 00:32:29,960
Speaker 1: you know, appropriate bill. I don't even want to visualize that.

607
00:32:30,120 --> 00:32:34,120
Speaker 1: I know how hard, uh the how hard it is

608
00:32:34,560 --> 00:32:36,280
Speaker 1: already on the technological front,