1 00:00:00,320 --> 00:00:05,080 Speaker 1: Live from our nation's camera. How do we reopen this economy? 2 00:00:05,160 --> 00:00:08,280 Speaker 1: The latest on how this pandemic is impacting farmers. What 3 00:00:08,400 --> 00:00:11,400 Speaker 1: does this do From the United States relationship with China. 4 00:00:11,560 --> 00:00:16,480 Speaker 1: Bloomberg Sound on the inside, the influencers, the insides. We're 5 00:00:16,520 --> 00:00:19,680 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:19,840 --> 00:00:23,360 Speaker 1: never before. We're looking at seventy Kennedys for different DUC teams. 7 00:00:23,440 --> 00:00:26,080 Speaker 1: How do we make sure a pandemic of this scale 8 00:00:26,160 --> 00:00:30,240 Speaker 1: never happens again? This is Bloomberg Sound On with Kevin 9 00:00:30,320 --> 00:00:34,440 Speaker 1: Surrelate on Bloomberg one and one oh five point seven 10 00:00:34,560 --> 00:00:37,840 Speaker 1: f m h D two. Locally, some new developments from 11 00:00:37,840 --> 00:00:41,000 Speaker 1: Mayor Muriel Bowser's office. Will bring you the latest on 12 00:00:41,360 --> 00:00:45,519 Speaker 1: the potential for phase one of a Washington d C 13 00:00:46,040 --> 00:00:50,120 Speaker 1: opening and geo. Politically, I'll bring you my exclusive interview 14 00:00:50,120 --> 00:00:54,280 Speaker 1: with Senator Chris van Holland, Democrat from Maryland, and he 15 00:00:54,520 --> 00:00:57,680 Speaker 1: just dropped a bill a couple of hours ago with 16 00:00:57,760 --> 00:01:01,360 Speaker 1: Senator Pat Suomey, Republican from Pennsylvan. It's a bipartisan bill. 17 00:01:01,800 --> 00:01:07,880 Speaker 1: It would have sanctions for financial institutions in response to China. 18 00:01:08,360 --> 00:01:13,600 Speaker 1: China having some national security laws that are very controversial 19 00:01:13,800 --> 00:01:15,880 Speaker 1: for Hong Kong. Will dive into the specifics of that. 20 00:01:15,959 --> 00:01:18,440 Speaker 1: This is just out off of the twenty four hours 21 00:01:18,560 --> 00:01:22,280 Speaker 1: later when a bipartisan group of Senators actually passed a 22 00:01:22,319 --> 00:01:26,520 Speaker 1: bill that would uh require Chinese entities that trade on 23 00:01:26,640 --> 00:01:30,160 Speaker 1: US exchanges to to have to go for some of 24 00:01:30,480 --> 00:01:33,040 Speaker 1: for U S regulations. So we talked about that as well. 25 00:01:33,440 --> 00:01:36,520 Speaker 1: I'll bring you the latest on COVID nineteen reaction nationally. 26 00:01:36,560 --> 00:01:39,680 Speaker 1: The President was in Michigan today. Front Lots to get through. 27 00:01:39,920 --> 00:01:42,360 Speaker 1: The crew has me laughing in the group video chat. 28 00:01:42,720 --> 00:01:45,360 Speaker 1: Christine Barrata and Matt Shirley pull in double duty to 29 00:01:45,440 --> 00:01:50,800 Speaker 1: make these work from home shows carry on flawlessly. Jordan 30 00:01:50,840 --> 00:01:54,160 Speaker 1: Fabians on the on the line, Bloomberg White House reporter, Jordan, 31 00:01:54,200 --> 00:01:55,640 Speaker 1: We've got a lot to get through. I want to 32 00:01:55,680 --> 00:01:58,480 Speaker 1: start in d C because d C could ease the 33 00:01:58,560 --> 00:02:02,280 Speaker 1: restrictions by May twenty nine. Did you see this easing 34 00:02:02,400 --> 00:02:05,320 Speaker 1: some of the restrictions by May nine, because the numbers 35 00:02:05,320 --> 00:02:09,600 Speaker 1: are doing pretty good and Baltimore County entering into phase 36 00:02:09,720 --> 00:02:13,120 Speaker 1: one of the reopening. Let's read from the Washington Post. 37 00:02:13,120 --> 00:02:16,760 Speaker 1: WAPPO reports officials in and around the nation's capital made 38 00:02:16,760 --> 00:02:22,239 Speaker 1: tentative steps Thursday toward easing their coronavirus shutdowns. Has unemployment 39 00:02:22,280 --> 00:02:25,200 Speaker 1: claims in the district, Maryland and Virginia reached one point 40 00:02:25,200 --> 00:02:29,160 Speaker 1: three million from the start of the pan Demick Muriel 41 00:02:29,200 --> 00:02:32,040 Speaker 1: Bowser says she's confident that Baltimore County is ready to 42 00:02:32,040 --> 00:02:34,080 Speaker 1: take the next steps and do so in a safe 43 00:02:34,120 --> 00:02:37,120 Speaker 1: manner that protects the health of the residents. All Right, 44 00:02:37,200 --> 00:02:40,400 Speaker 1: Jordan's President Trump is supposed to be going to Baltimore. 45 00:02:40,919 --> 00:02:46,040 Speaker 1: How's the plan. It's pretty controversial. Off in Baltimore, Kevin, 46 00:02:46,560 --> 00:02:49,720 Speaker 1: the mayor, said that the President should reconsider his trip 47 00:02:49,760 --> 00:02:53,000 Speaker 1: there because though you were saying they're getting ready to 48 00:02:53,080 --> 00:02:56,000 Speaker 1: interface one, there's still an active state at home order 49 00:02:56,000 --> 00:02:59,959 Speaker 1: in Baltimore, and the mayor wants the President to avoid 50 00:03:00,040 --> 00:03:02,120 Speaker 1: what he called a non essential trip and stay in 51 00:03:02,160 --> 00:03:05,200 Speaker 1: Washington instead of coming to a city. So all of 52 00:03:05,240 --> 00:03:07,160 Speaker 1: this comes as the President was in Michigan. I mean, 53 00:03:07,160 --> 00:03:09,399 Speaker 1: what's he been doing. I mean this is he's been 54 00:03:09,480 --> 00:03:12,520 Speaker 1: so to go to to Michigan, Arizona, and Pennsylvania, some 55 00:03:12,560 --> 00:03:15,800 Speaker 1: battleground states. He's not holding rallies. But how has the 56 00:03:15,840 --> 00:03:21,640 Speaker 1: travel impacted the election? Right? I mean it certainly said 57 00:03:21,680 --> 00:03:24,359 Speaker 1: it off course. You know, the president loves to meet 58 00:03:24,440 --> 00:03:27,200 Speaker 1: his rallies. Those are kind of the centerpiece of his campaign. 59 00:03:27,760 --> 00:03:31,160 Speaker 1: But what he's doing is using these trips to swing states, 60 00:03:31,160 --> 00:03:34,840 Speaker 1: as you just mentioned Kevin as sort of de facto rallies. 61 00:03:35,480 --> 00:03:39,000 Speaker 1: Right now, he's speaking at a four plants outside of Detroit, Michigan, 62 00:03:39,360 --> 00:03:41,240 Speaker 1: and he's touching on many of the same themes he 63 00:03:41,320 --> 00:03:44,960 Speaker 1: touches on on his rallies, which is his ability to 64 00:03:45,000 --> 00:03:48,920 Speaker 1: harness the economy, renegotiate trade deals, and get tough on 65 00:03:48,920 --> 00:03:52,920 Speaker 1: the US Mexico border. So without the roaring crowds, touching 66 00:03:52,920 --> 00:03:55,360 Speaker 1: on some of those same themes and trying to get 67 00:03:55,560 --> 00:03:58,240 Speaker 1: you know, some of that local media attention that is 68 00:03:58,240 --> 00:04:02,040 Speaker 1: so crucial to to vote or getting getting those headlines 69 00:04:02,040 --> 00:04:05,960 Speaker 1: and local papers and local radio stations and television stations 70 00:04:06,000 --> 00:04:09,680 Speaker 1: by visiting these key battleground stage just months months out 71 00:04:09,720 --> 00:04:12,440 Speaker 1: from the election. So I mean, and just just to 72 00:04:12,480 --> 00:04:16,720 Speaker 1: say this on May, it's still kind of unclear as 73 00:04:16,760 --> 00:04:18,840 Speaker 1: to what it would look like, but as soon as 74 00:04:18,880 --> 00:04:22,360 Speaker 1: May twenty nine, Washington, d C. Could enter into stage one, 75 00:04:23,120 --> 00:04:28,200 Speaker 1: Stage one of reopening uh the city. Now the city 76 00:04:28,240 --> 00:04:32,680 Speaker 1: is still recommending uh that that things would uh, that 77 00:04:32,720 --> 00:04:35,680 Speaker 1: people would work from home and whatnot, but there could 78 00:04:35,720 --> 00:04:39,000 Speaker 1: be some openings and that they would recommend and allow 79 00:04:39,040 --> 00:04:41,680 Speaker 1: people to gather up to ten people. I mean, that's 80 00:04:41,760 --> 00:04:46,839 Speaker 1: huge news, um, And you know, it'll be fascinating to 81 00:04:46,880 --> 00:04:51,640 Speaker 1: see just how this holiday weekend plays around the country, 82 00:04:51,680 --> 00:04:54,719 Speaker 1: but also on the East Coast where there had it's 83 00:04:54,760 --> 00:04:57,039 Speaker 1: been a little bit less likely for the restrictions to 84 00:04:57,080 --> 00:04:59,320 Speaker 1: be lifted than in you know, other parts of the country. 85 00:04:59,400 --> 00:05:02,120 Speaker 1: So with you holiday weekend and folks traveling and whatnot, 86 00:05:02,520 --> 00:05:04,599 Speaker 1: I'm curious though, to bring it back to the White House. 87 00:05:04,640 --> 00:05:08,400 Speaker 1: From President Trump's perspective, how is he when he's been 88 00:05:08,440 --> 00:05:12,800 Speaker 1: talking to voters, uh, publicly and not really you know, 89 00:05:12,880 --> 00:05:14,880 Speaker 1: coming on from the White House, how has he been 90 00:05:14,880 --> 00:05:18,359 Speaker 1: communicating about the reopening of the economy. Is he really 91 00:05:18,400 --> 00:05:22,520 Speaker 1: doubling down on the need for reopening? Oh yes, Kevin, 92 00:05:22,680 --> 00:05:25,800 Speaker 1: uh and really throwing caution to the wind. I mean 93 00:05:26,200 --> 00:05:28,760 Speaker 1: the talk a couple of weeks ago were these very 94 00:05:28,839 --> 00:05:33,800 Speaker 1: careful guidelines the government laid out laying out criteria for 95 00:05:33,880 --> 00:05:35,880 Speaker 1: certain areas to reopen. But if you listen to the 96 00:05:35,880 --> 00:05:38,720 Speaker 1: president recently, Um, he's been saying open it all up, 97 00:05:38,720 --> 00:05:42,240 Speaker 1: I mean today speaking in Michigan, he said, uh, the 98 00:05:42,279 --> 00:05:45,839 Speaker 1: country could quote break if it stays closed, then saying 99 00:05:45,920 --> 00:05:47,919 Speaker 1: it has to open up. He said he spoke to 100 00:05:47,960 --> 00:05:51,360 Speaker 1: the Centers for Disease Control about guidance or churches, saying 101 00:05:51,360 --> 00:05:54,960 Speaker 1: the churches have to open up, perhaps first, amongst other 102 00:05:55,480 --> 00:05:59,279 Speaker 1: places Deck had open, like restaurants and bars. So the 103 00:05:59,320 --> 00:06:02,960 Speaker 1: president basically cheerleading a reopen here even though some of 104 00:06:03,000 --> 00:06:06,200 Speaker 1: these places that are reopening a have not met the 105 00:06:06,279 --> 00:06:09,359 Speaker 1: guidelines that were set out by his own administration. And 106 00:06:09,440 --> 00:06:12,279 Speaker 1: be you know, in some pockets are seeing uh, some 107 00:06:12,400 --> 00:06:16,760 Speaker 1: uneven infection figures that could hint at a resurgence, I mean, 108 00:06:16,839 --> 00:06:19,800 Speaker 1: and and in phase one, unlike other parts of the 109 00:06:19,839 --> 00:06:23,599 Speaker 1: country Phase one, the parks fields, tennis courts, tracks, and 110 00:06:23,640 --> 00:06:26,600 Speaker 1: golf courses are still going to remain close. It's not 111 00:06:26,760 --> 00:06:30,480 Speaker 1: how other parts of the country. Mayor Bowser are dealing 112 00:06:30,520 --> 00:06:34,599 Speaker 1: with Phase one. Um. I'm really interested to see how 113 00:06:34,680 --> 00:06:38,480 Speaker 1: this goes, especially locally and especially with lawmakers, and how 114 00:06:38,520 --> 00:06:41,640 Speaker 1: the business community, the local business community of Washington, d 115 00:06:41,680 --> 00:06:44,359 Speaker 1: C relates to this Phase one and how quickly she's 116 00:06:44,360 --> 00:06:47,760 Speaker 1: pressured to get to Phase two. Jordan's final question for you, 117 00:06:48,400 --> 00:06:51,680 Speaker 1: how the Mayor Bowser and President Trump have been, you know, 118 00:06:52,000 --> 00:06:53,680 Speaker 1: playing nice with each other. I mean, I just saw 119 00:06:53,720 --> 00:06:56,440 Speaker 1: a tweet the other day that the President tweeted out 120 00:06:56,520 --> 00:07:01,760 Speaker 1: a congratulations to Mayor Bowser. Yeah. Yeah, he was congratulating 121 00:07:01,760 --> 00:07:04,839 Speaker 1: her for getting hundreds of millions of dollars to keep 122 00:07:05,000 --> 00:07:07,880 Speaker 1: the metro system here and Washington afloat. Um. Yeah. I 123 00:07:07,880 --> 00:07:11,480 Speaker 1: mean a lot of Democrats around the country have played 124 00:07:11,560 --> 00:07:13,960 Speaker 1: differently when it comes to President Trump. Um. Some of 125 00:07:13,960 --> 00:07:16,080 Speaker 1: them have tried to play nice in the hopes that 126 00:07:16,120 --> 00:07:18,600 Speaker 1: he doesn't get angry at them and done do something 127 00:07:18,640 --> 00:07:22,000 Speaker 1: to uh you revoke eight or something like that. But 128 00:07:22,120 --> 00:07:27,280 Speaker 1: other other Democrats, thinking of Gretia Whitmer, the governor in Michigan, 129 00:07:27,320 --> 00:07:30,880 Speaker 1: have been more vocal about her complaints about the federal response. 130 00:07:31,200 --> 00:07:35,640 Speaker 1: So you were seeing a various varying excuse me, response 131 00:07:35,720 --> 00:07:38,840 Speaker 1: to how how Trump is doing this from Democrats. And 132 00:07:39,040 --> 00:07:42,040 Speaker 1: I'll note that some of the more outspoken Democrats have 133 00:07:42,120 --> 00:07:44,680 Speaker 1: been uh, some people like Whitmer who might be seeking 134 00:07:44,720 --> 00:07:48,600 Speaker 1: higher office exactly, not to mention, just in uh in 135 00:07:48,640 --> 00:07:52,680 Speaker 1: the in the crosshairs of many many Republicans these days 136 00:07:52,720 --> 00:07:55,920 Speaker 1: politically speaking. All right, Jordan Fabian, Congratulations on all of 137 00:07:55,960 --> 00:07:59,000 Speaker 1: the continued excellent coverage that you and the team have 138 00:07:59,120 --> 00:08:01,680 Speaker 1: been produced throughout all of this. It's just really been 139 00:08:01,720 --> 00:08:05,000 Speaker 1: incredible and you've kept all of us informed. Jordan Fabian, 140 00:08:05,000 --> 00:08:09,120 Speaker 1: of course, is Bloomberg White House Reporter. Philly Guy, Philly Guy. 141 00:08:09,160 --> 00:08:11,360 Speaker 1: I'm a Philly guy too. Coming up, we check in 142 00:08:11,400 --> 00:08:14,080 Speaker 1: with Senator Chris van Holland, who went to Swapmore College, 143 00:08:14,440 --> 00:08:16,720 Speaker 1: which is near where I grew up. Uh. He's the 144 00:08:16,720 --> 00:08:19,600 Speaker 1: Democrat from Maryland about a new bill that he has out, 145 00:08:19,960 --> 00:08:24,280 Speaker 1: two bills that he has co sponsored with Republicans, bipartisan 146 00:08:24,280 --> 00:08:28,240 Speaker 1: bills pertaining to China. I'm Kevin Cirelli, Chief Wahington correspondent 147 00:08:28,240 --> 00:08:34,400 Speaker 1: for Boomberg TV and Radio. You're listening to Bloomberg. You're 148 00:08:34,480 --> 00:08:38,360 Speaker 1: listening to Bloomberg Sound On with Kevin Surrele on Bloomberg 149 00:08:39,400 --> 00:08:41,760 Speaker 1: and one oh five point seven f M h D two. 150 00:08:42,280 --> 00:08:45,840 Speaker 1: My name is Kevin Cirelli. I'm the chief Boshingtack correspondent 151 00:08:45,880 --> 00:08:50,240 Speaker 1: for Bloomberg Television and for Bloomberg Radio. And did you 152 00:08:50,280 --> 00:08:54,120 Speaker 1: see this? What's happening with U S China relations? Did 153 00:08:54,160 --> 00:08:58,880 Speaker 1: you see this? Hong Kong is back capturing the attention 154 00:08:59,440 --> 00:09:03,960 Speaker 1: of wash Ington d C. Here's why China, Beijing, the 155 00:09:04,000 --> 00:09:09,040 Speaker 1: Communist Party of China, has been floating these very controversial 156 00:09:09,480 --> 00:09:13,480 Speaker 1: UH national security laws they're calling them, that would really 157 00:09:13,640 --> 00:09:18,320 Speaker 1: throw into jeopardy a lot of them, the Democrats, the 158 00:09:18,360 --> 00:09:22,320 Speaker 1: democratic protests in Hong Kong, and it has drawn a 159 00:09:22,559 --> 00:09:26,760 Speaker 1: swift round of criticism from Republicans and Democrats alike. Meanwhile, 160 00:09:27,000 --> 00:09:30,960 Speaker 1: last night, Senator Kennedy of Louisiana, a Republican, and Senator 161 00:09:31,000 --> 00:09:34,400 Speaker 1: Van Holland, a Democrat of Maryland, they introduced legislation that 162 00:09:34,440 --> 00:09:38,920 Speaker 1: passed with wide bart bipartisan support UH that would require 163 00:09:39,000 --> 00:09:45,199 Speaker 1: the Chinese entities to uh have to UH disclose information 164 00:09:45,200 --> 00:09:47,520 Speaker 1: if they're traded on US exchanges. I talked about all 165 00:09:47,559 --> 00:09:50,560 Speaker 1: of this with Senator Van Holland. Take a listen. Yes, 166 00:09:50,679 --> 00:09:57,200 Speaker 1: this is legislation that we've introduced today to protect the 167 00:09:57,520 --> 00:10:02,320 Speaker 1: autonomous nature of Hong Kong in the face of the 168 00:10:02,480 --> 00:10:07,320 Speaker 1: Chinese government's cracked down there. It would impose sanctions and 169 00:10:07,400 --> 00:10:14,360 Speaker 1: other penalties on individuals who are responsible for violating the 170 00:10:14,440 --> 00:10:20,280 Speaker 1: basic law there, and it would also penalize banks that 171 00:10:20,360 --> 00:10:24,000 Speaker 1: are doing business with those individuals. And so this is 172 00:10:24,040 --> 00:10:28,120 Speaker 1: intended to send a clear message to China that it 173 00:10:28,160 --> 00:10:31,840 Speaker 1: should not violate the agreements that it's reached with respect 174 00:10:31,880 --> 00:10:35,280 Speaker 1: to Hong Kong. Senator, why is this proposal so important 175 00:10:35,320 --> 00:10:38,480 Speaker 1: and what does it show that it has bipartisan support 176 00:10:38,600 --> 00:10:41,200 Speaker 1: from Senator to me? Well, Senator to me, and I've 177 00:10:41,240 --> 00:10:44,440 Speaker 1: been working on this for some time. But of course, Uh, 178 00:10:45,320 --> 00:10:49,560 Speaker 1: the events of today and the announcement that the China 179 00:10:49,800 --> 00:10:53,959 Speaker 1: intended to crack down further in Hong Kong has added 180 00:10:54,559 --> 00:10:58,960 Speaker 1: I think new urgency to passing this legislation, and there's 181 00:10:59,000 --> 00:11:04,080 Speaker 1: a partisan fense, Uh that it's important to stand up 182 00:11:04,120 --> 00:11:09,480 Speaker 1: to authoritarian moves um in this case the actions China 183 00:11:09,520 --> 00:11:12,439 Speaker 1: has been taking in Hong Kong and has expressed its 184 00:11:12,440 --> 00:11:18,560 Speaker 1: intention too, you know, take additional action. Meanwhile, yesterday you worked, 185 00:11:18,600 --> 00:11:22,160 Speaker 1: you worked along with Senator Kennedy, a Republican from Louisiana, 186 00:11:22,840 --> 00:11:26,200 Speaker 1: on another piece of legislation that passed with five partisan 187 00:11:26,280 --> 00:11:31,120 Speaker 1: support out of the Senate that would essentially require for 188 00:11:31,240 --> 00:11:34,200 Speaker 1: Chinese businesses to have to follow some of the same 189 00:11:34,240 --> 00:11:39,240 Speaker 1: transparency requirements if they're traded on public US exchanges. Why 190 00:11:39,320 --> 00:11:42,439 Speaker 1: is that so important? Yes, this is also legislation that 191 00:11:42,880 --> 00:11:45,640 Speaker 1: Senator Kennedy and I have been working on for some 192 00:11:45,760 --> 00:11:49,360 Speaker 1: time now, It's been over a year, and the idea 193 00:11:49,400 --> 00:11:54,400 Speaker 1: is very simple that all companies foreign and domestic that 194 00:11:54,520 --> 00:11:58,840 Speaker 1: are trading on US exchanges should have to comply with 195 00:11:59,000 --> 00:12:03,640 Speaker 1: US transparent to laws with respect to accounting. This is 196 00:12:03,679 --> 00:12:08,600 Speaker 1: designed to protect main street investors in the United States 197 00:12:08,679 --> 00:12:14,000 Speaker 1: or those investing on US exchanges. And Chinese companies are 198 00:12:14,040 --> 00:12:17,280 Speaker 1: the only companies anywhere in the world that are not 199 00:12:17,400 --> 00:12:21,920 Speaker 1: currently complying with these accounting oversight standards. So this is 200 00:12:21,960 --> 00:12:25,880 Speaker 1: to protect investors um and make sure that they're not 201 00:12:26,000 --> 00:12:29,640 Speaker 1: cheated out of their money. What message should China take 202 00:12:29,640 --> 00:12:32,400 Speaker 1: away from the actions of the of the legislation that 203 00:12:32,440 --> 00:12:34,600 Speaker 1: was passed last night in the Senate as well as 204 00:12:34,640 --> 00:12:36,600 Speaker 1: this new proposal that you have a senator to me, 205 00:12:36,640 --> 00:12:38,920 Speaker 1: what should they take away from this? Well, the action 206 00:12:39,120 --> 00:12:42,440 Speaker 1: last night with Senator Kennedy was simply to put China 207 00:12:42,600 --> 00:12:45,840 Speaker 1: on the same plane field as every other company in 208 00:12:45,880 --> 00:12:49,880 Speaker 1: any other country in the world. I mean, in this case, 209 00:12:50,160 --> 00:12:53,520 Speaker 1: we were not singling out China. China was singling out 210 00:12:53,600 --> 00:12:57,920 Speaker 1: themselves as the only country. Are the only companies of 211 00:12:57,960 --> 00:13:01,520 Speaker 1: any country in the world that we're not complying with 212 00:13:01,559 --> 00:13:05,280 Speaker 1: these standards that are designed to protect investors, and so 213 00:13:05,320 --> 00:13:08,120 Speaker 1: they were an outlier, and this was an effort to 214 00:13:08,320 --> 00:13:10,520 Speaker 1: catch up. It was a long overdue effort. If you 215 00:13:10,559 --> 00:13:16,119 Speaker 1: look back to the two thousand and ten periods, American 216 00:13:16,200 --> 00:13:19,480 Speaker 1: investors mom and pop investors were built out of about 217 00:13:19,559 --> 00:13:25,360 Speaker 1: forty billion dollars and assets because of deceptive practices by 218 00:13:25,559 --> 00:13:28,600 Speaker 1: Chinese companies that failed to comply with these standards. So 219 00:13:28,640 --> 00:13:32,719 Speaker 1: this is a long overdue measure respect to the legislation 220 00:13:32,800 --> 00:13:37,400 Speaker 1: on Hong Kong. This is a very clear by pardons 221 00:13:37,520 --> 00:13:42,640 Speaker 1: and signal that China needs to comply with the agreements 222 00:13:42,679 --> 00:13:46,800 Speaker 1: that it's reached in the past. Back in the nineties 223 00:13:47,600 --> 00:13:52,640 Speaker 1: when it agreed with the UK to the terms under 224 00:13:52,679 --> 00:13:57,959 Speaker 1: which Hong Kong would essentially, uh, you know, be addressed. 225 00:13:58,840 --> 00:14:04,120 Speaker 1: They provided for our account autonomy, and they've been very 226 00:14:04,160 --> 00:14:06,800 Speaker 1: slowly eating away at that, and then of course they 227 00:14:06,840 --> 00:14:11,120 Speaker 1: accelerated those efforts over the last year, and today's news 228 00:14:11,400 --> 00:14:15,520 Speaker 1: that they intend to formalize some of the additional laws, 229 00:14:15,559 --> 00:14:21,480 Speaker 1: take away additional freedoms would essentially destroy Hong kong Is 230 00:14:21,680 --> 00:14:25,360 Speaker 1: current form and violate the agreement. So that that's a 231 00:14:25,480 --> 00:14:28,400 Speaker 1: very important signal that you know we shouldn't be tolerating 232 00:14:29,120 --> 00:14:31,840 Speaker 1: those violations of agreement. And just one final quick question 233 00:14:31,880 --> 00:14:33,600 Speaker 1: in the thirty seconds or so that we have left, 234 00:14:33,600 --> 00:14:36,240 Speaker 1: just quickly, what do you want to see happen for 235 00:14:36,440 --> 00:14:39,240 Speaker 1: when workers returned back to work? What needs to be 236 00:14:39,720 --> 00:14:41,960 Speaker 1: What are you and your Democratic colleagues saying needs to 237 00:14:42,000 --> 00:14:44,240 Speaker 1: happen in order to make workers feel safe or when 238 00:14:44,280 --> 00:14:46,480 Speaker 1: they return to work. Well, First of all, the Senate 239 00:14:46,520 --> 00:14:49,200 Speaker 1: needs to take up and pass the Heroes Act that 240 00:14:49,320 --> 00:14:55,960 Speaker 1: passed the House of Representatives last Friday. It's very important relief. Also, 241 00:14:56,520 --> 00:15:00,080 Speaker 1: I've joined with Senators Murphy and Merkley to enter do 242 00:15:00,360 --> 00:15:03,600 Speaker 1: the Rebuilding Main Street Act, which provides a much more 243 00:15:03,720 --> 00:15:08,520 Speaker 1: flexible way in which small businesses can bring back their employees. 244 00:15:08,640 --> 00:15:11,400 Speaker 1: So the extent their employees are not brought back on 245 00:15:11,520 --> 00:15:15,560 Speaker 1: full time, they would be covered through the unemployment system 246 00:15:15,600 --> 00:15:19,080 Speaker 1: and small businesses would also get grants for their fixed costs. 247 00:15:19,120 --> 00:15:22,280 Speaker 1: So this is a way to slowly turn on the lights. 248 00:15:22,320 --> 00:15:24,120 Speaker 1: We know we're not going to switch from on to 249 00:15:24,320 --> 00:15:28,120 Speaker 1: off in one swoop. This is a way to calibrate 250 00:15:28,600 --> 00:15:31,920 Speaker 1: that reopening in a safe way. Just a really fascinating 251 00:15:31,960 --> 00:15:35,560 Speaker 1: conversation there was Senator christ Van Holland, a Democrat from Maryland, 252 00:15:35,960 --> 00:15:40,280 Speaker 1: really really one of the key central figures folks in 253 00:15:40,560 --> 00:15:43,920 Speaker 1: US China relations over the long term and immediately over 254 00:15:43,920 --> 00:15:47,520 Speaker 1: the short term. I mean, can just underscore that enough, uh, 255 00:15:47,720 --> 00:15:50,760 Speaker 1: just two pieces of legislation, one with regards to financial 256 00:15:50,760 --> 00:15:54,000 Speaker 1: services yesterday that he worked almost Senator Kennedy, a Republican 257 00:15:54,000 --> 00:15:57,520 Speaker 1: from Louisiana, and the one today with Senator Patsumi that 258 00:15:57,600 --> 00:16:00,080 Speaker 1: we're told by Staffords has been in the works for 259 00:16:00,160 --> 00:16:03,600 Speaker 1: quite some time. But again with China just coming out 260 00:16:04,040 --> 00:16:09,120 Speaker 1: with these controversial uh new uh national security measures that 261 00:16:09,160 --> 00:16:12,200 Speaker 1: they're claiming they need the US on both sides of 262 00:16:12,240 --> 00:16:16,360 Speaker 1: the aisle, it is drawing swift condemnation. Coming up next, 263 00:16:16,400 --> 00:16:19,440 Speaker 1: we talk more foreign policy with Garshmali. She's coming on 264 00:16:19,520 --> 00:16:22,760 Speaker 1: the program. I'm Kevin Sireli, chief Washington correspondent for Blomberg 265 00:16:22,760 --> 00:16:28,680 Speaker 1: TV and Radio, and you're listening to Bloomberg. This is 266 00:16:28,720 --> 00:16:34,000 Speaker 1: Bloomberg Sound On with Kevin Shirley on Bloomberg and one 267 00:16:34,080 --> 00:16:38,640 Speaker 1: oh five point h D two programming Notesmarret Night on 268 00:16:38,720 --> 00:16:42,560 Speaker 1: Bloomberg Television at nine pm Eastern. You can check out 269 00:16:42,640 --> 00:16:47,840 Speaker 1: a special report, my special report diving deep into America's 270 00:16:47,960 --> 00:16:51,600 Speaker 1: employment bust crisis, which is in a matter of weeks, 271 00:16:51,840 --> 00:16:54,520 Speaker 1: the unemployment rate tripling. We spoke with some of the 272 00:16:54,600 --> 00:16:59,800 Speaker 1: leading policymakers, business owners, experts, staffers, everyone. We worked very 273 00:16:59,800 --> 00:17:02,400 Speaker 1: hard on this. Uh, and you can watch it live 274 00:17:02,480 --> 00:17:05,720 Speaker 1: on Bloomberg Television tomorrow night, nine pm Eastern. We also 275 00:17:05,760 --> 00:17:08,880 Speaker 1: caught up with Virginia Ali inside of ben Chilli Bowl, 276 00:17:09,160 --> 00:17:12,800 Speaker 1: so you can hear her words of wisdom, the best 277 00:17:12,880 --> 00:17:15,040 Speaker 1: that not just Washington d c. Has to offer, but 278 00:17:15,160 --> 00:17:19,960 Speaker 1: also our country if I do say so myself. Um, 279 00:17:20,640 --> 00:17:22,920 Speaker 1: what else did I want to talk about? Oh? Also 280 00:17:23,000 --> 00:17:26,359 Speaker 1: tomorrow Congressman Max Rose. Congressman Max Rose is going to 281 00:17:26,480 --> 00:17:29,760 Speaker 1: join us to talk all things about COVID nineteen. But 282 00:17:29,800 --> 00:17:34,200 Speaker 1: he also has a piece of legislation out about youth sports. 283 00:17:34,520 --> 00:17:36,639 Speaker 1: You know, so many kids, so many families, but so 284 00:17:36,720 --> 00:17:42,119 Speaker 1: many kids have been impacted by after school activities, and 285 00:17:42,200 --> 00:17:45,640 Speaker 1: Congressman Max Road has Rose has a piece of legislation, 286 00:17:46,240 --> 00:17:50,240 Speaker 1: um about what to do about that? What to do 287 00:17:50,320 --> 00:17:52,719 Speaker 1: about that? He was a captain in the Army National 288 00:17:52,760 --> 00:17:57,879 Speaker 1: Guard as well. Uh, and is uh gonna be a 289 00:17:57,920 --> 00:18:00,119 Speaker 1: leading voice on this issue. And then We're also to 290 00:18:00,200 --> 00:18:03,440 Speaker 1: check him with DC Scores. I'm sure you've heard about 291 00:18:03,520 --> 00:18:08,600 Speaker 1: DC Scores. They provide youth literacy and soccer training for 292 00:18:08,640 --> 00:18:11,280 Speaker 1: all of the for for many of the wards here 293 00:18:11,280 --> 00:18:14,280 Speaker 1: in Washington, d C. And I want to hear precisely 294 00:18:14,320 --> 00:18:17,800 Speaker 1: how this has impacted their students and players as well. 295 00:18:18,200 --> 00:18:22,000 Speaker 1: All right, now, back to policy. That's tomorrow night on 296 00:18:22,080 --> 00:18:25,760 Speaker 1: the show Max Rose and DC Scores. Uh, back to 297 00:18:25,840 --> 00:18:29,080 Speaker 1: policy now with our Shamali CEO of Greenwich Media Strategies, 298 00:18:29,119 --> 00:18:32,560 Speaker 1: former Treasury spokesperson for Terrorism and Financial Intelligence. And she's 299 00:18:32,560 --> 00:18:35,439 Speaker 1: got this great new YouTube show called host. She's the 300 00:18:35,440 --> 00:18:38,879 Speaker 1: host of oh My World on YouTube. And today I 301 00:18:38,920 --> 00:18:43,280 Speaker 1: saw you posted a backstage tour of your studio and 302 00:18:43,320 --> 00:18:45,600 Speaker 1: I'm too scared to do that because I feel like 303 00:18:45,680 --> 00:18:49,240 Speaker 1: the stoop the home studio Huggar in my place has 304 00:18:49,280 --> 00:18:53,080 Speaker 1: overtaken everywhere where every part of where I live. So 305 00:18:53,160 --> 00:18:56,879 Speaker 1: I'm like, we don't need to show all of that, 306 00:18:57,000 --> 00:19:00,919 Speaker 1: but I I I commend you for your bravery. Thank you. 307 00:19:00,960 --> 00:19:03,520 Speaker 1: I got a lot of comments on that too. Scare 308 00:19:03,560 --> 00:19:04,880 Speaker 1: people are going to be like, why do you why 309 00:19:04,880 --> 00:19:07,119 Speaker 1: do you have that couture? Why is their laundry in 310 00:19:07,160 --> 00:19:11,439 Speaker 1: the corner. Go ahead. People love behind the scenes, right, 311 00:19:11,440 --> 00:19:14,000 Speaker 1: it makes you very often you know what? I love privacy? 312 00:19:14,119 --> 00:19:18,760 Speaker 1: Go ahead, And um, you know, I thought people might 313 00:19:18,800 --> 00:19:21,719 Speaker 1: want to see, right, it's not all smoking mirrors, And um, 314 00:19:21,760 --> 00:19:24,080 Speaker 1: I could show my growing baby bump that you know 315 00:19:24,200 --> 00:19:27,000 Speaker 1: that you don't really actually see very well on on 316 00:19:27,080 --> 00:19:29,639 Speaker 1: the video for the show. So yeah, I thought it 317 00:19:29,680 --> 00:19:32,000 Speaker 1: could be fun. You really have had a very busy, 318 00:19:32,040 --> 00:19:36,880 Speaker 1: busy pandemic. Alrightgar, We were talking earlier with UH Senator 319 00:19:36,960 --> 00:19:40,680 Speaker 1: Van Holland about the latest developments that China is pulling 320 00:19:41,280 --> 00:19:44,120 Speaker 1: with Hong Kong. Give us the facts first about what 321 00:19:44,160 --> 00:19:50,120 Speaker 1: we know UH and why Americans should care great, Well, yes, 322 00:19:50,160 --> 00:19:52,879 Speaker 1: I did, I hear. I heard the interview, and it 323 00:19:53,040 --> 00:19:55,440 Speaker 1: is all about us and China right now. Right, So 324 00:19:55,480 --> 00:19:58,399 Speaker 1: we are in I think actually the last time we 325 00:19:58,440 --> 00:20:00,040 Speaker 1: spoke a couple of weeks ago, we talked about the 326 00:20:00,119 --> 00:20:02,679 Speaker 1: kind of Cold War we were entering and whether or 327 00:20:02,680 --> 00:20:05,040 Speaker 1: not it really was one. And it really feels with 328 00:20:05,080 --> 00:20:09,399 Speaker 1: every week that passes that things are getting more heated. 329 00:20:09,480 --> 00:20:12,160 Speaker 1: The Chinese are taking more aggressive measures in a number 330 00:20:12,160 --> 00:20:14,240 Speaker 1: of ways. So the latest is the news today related 331 00:20:14,280 --> 00:20:18,600 Speaker 1: to Hong Kong, UM and that matters because our government, 332 00:20:19,080 --> 00:20:23,200 Speaker 1: the Trump administration, has already come out in favor of 333 00:20:23,280 --> 00:20:26,840 Speaker 1: the protesters in Hong Kong, the pro democracy protests, and 334 00:20:27,560 --> 00:20:30,439 Speaker 1: Vice President Pence, you know, months ago, came out and 335 00:20:30,480 --> 00:20:33,040 Speaker 1: said that we side with them, that they serve as 336 00:20:33,040 --> 00:20:36,359 Speaker 1: a model for democracy Hong Kong um, and that China 337 00:20:36,440 --> 00:20:39,360 Speaker 1: better be careful. And then and then President Trump signed 338 00:20:39,480 --> 00:20:45,200 Speaker 1: a bill uh allowing authorizing sanctions against Chinese human rights 339 00:20:45,240 --> 00:20:49,320 Speaker 1: abusers related to this situation. And he has not imposed 340 00:20:49,320 --> 00:20:53,080 Speaker 1: any sanctions yet under that bill. But you know, I 341 00:20:53,119 --> 00:20:55,520 Speaker 1: would be interested to see what happens now, especially given 342 00:20:55,520 --> 00:20:59,159 Speaker 1: how tense the relationship is between the two sides, not 343 00:20:59,359 --> 00:21:01,560 Speaker 1: just because of COVID. I mean, COVID is part of it, 344 00:21:01,880 --> 00:21:05,960 Speaker 1: but the Chinese have been exerting a lot of aggression 345 00:21:06,119 --> 00:21:10,240 Speaker 1: in the South China see towards Taiwan, certainly, you know, 346 00:21:10,280 --> 00:21:12,800 Speaker 1: flexing their muscles at the World Health Organization this meet 347 00:21:12,880 --> 00:21:15,919 Speaker 1: this week, and so things are pretty tense. I wouldn't 348 00:21:15,920 --> 00:21:18,360 Speaker 1: be surprised if President Trump makes some kind of maneuver 349 00:21:19,080 --> 00:21:22,400 Speaker 1: where right, I mean, maybe a bit tip for Chad. 350 00:21:22,680 --> 00:21:26,600 Speaker 1: It's not nothing violent, nothing scary, um, but something just 351 00:21:26,760 --> 00:21:31,960 Speaker 1: certainly expressed his frustration. So I find this interesting because 352 00:21:32,040 --> 00:21:35,200 Speaker 1: just within the last twenty four hours, you've got bipartisan 353 00:21:35,280 --> 00:21:40,920 Speaker 1: legislation supporting the protesters of Hong Kong, bipartisan legislation disentangling 354 00:21:41,040 --> 00:21:44,639 Speaker 1: US financial interest from China. What message is the United 355 00:21:44,680 --> 00:21:47,880 Speaker 1: States as a country, not President Trump, not Joe Biden, 356 00:21:48,240 --> 00:21:52,280 Speaker 1: not Speaker Pelosi, and not Leader McConnell. What message is 357 00:21:52,320 --> 00:21:58,400 Speaker 1: the United States as a country sending to shi Jing Ping? Well, 358 00:21:58,440 --> 00:22:00,840 Speaker 1: I don't think the message is unified because it's you 359 00:22:01,640 --> 00:22:03,320 Speaker 1: don't think the message is unified when you've got a 360 00:22:03,359 --> 00:22:06,120 Speaker 1: bipartisan piece of legislation in the Senate and a bipartisan 361 00:22:06,119 --> 00:22:09,640 Speaker 1: piece of legislation. Pat Toomey and Chris van Hollen are 362 00:22:09,760 --> 00:22:13,119 Speaker 1: very different politicians. You have a point, No, you have 363 00:22:13,200 --> 00:22:15,399 Speaker 1: a point when it comes to when it comes to 364 00:22:15,440 --> 00:22:20,320 Speaker 1: things related to trade, and certainly with aggression. Um right, 365 00:22:20,400 --> 00:22:22,480 Speaker 1: the behavior in the South China, see the behavior towards 366 00:22:22,480 --> 00:22:25,680 Speaker 1: Hong Kong. You're right, that has been a unified message. 367 00:22:26,040 --> 00:22:30,959 Speaker 1: It's the COVID situation that I feel like it shadows 368 00:22:31,040 --> 00:22:34,280 Speaker 1: and overshadows a lot of the real stuff going on. 369 00:22:34,880 --> 00:22:36,879 Speaker 1: And that's where you see this divide right where you 370 00:22:36,920 --> 00:22:40,440 Speaker 1: see the banter among the left and the right really 371 00:22:40,480 --> 00:22:43,680 Speaker 1: being about right. The right want to say that, Um, 372 00:22:43,720 --> 00:22:46,520 Speaker 1: this is the Wuhan virus, let's accuse China more and 373 00:22:46,560 --> 00:22:49,480 Speaker 1: the left are more weary of that. Um, And it's 374 00:22:49,520 --> 00:22:50,959 Speaker 1: a little I have to be honest with you as 375 00:22:50,960 --> 00:22:53,280 Speaker 1: someone who sits in the middle of myself and really 376 00:22:53,320 --> 00:22:55,919 Speaker 1: focus just just on foreign policy. A lot of US 377 00:22:55,920 --> 00:22:59,520 Speaker 1: foreign policy people look at the situation with China and 378 00:22:59,560 --> 00:23:03,200 Speaker 1: COVID as you know. No, listen, the fact is they 379 00:23:03,240 --> 00:23:06,919 Speaker 1: covered this up. Um. They did make mistakes. They do 380 00:23:07,119 --> 00:23:09,320 Speaker 1: have to be accountable for that, and there are changes 381 00:23:09,320 --> 00:23:11,520 Speaker 1: that have to be made going forward to prevent this 382 00:23:11,560 --> 00:23:14,200 Speaker 1: type of situation again in the future. That's not meant 383 00:23:14,240 --> 00:23:17,120 Speaker 1: to point fingers. It is what it is, um, and 384 00:23:17,160 --> 00:23:19,199 Speaker 1: the Chinese government needs to be more open about that. 385 00:23:19,640 --> 00:23:21,919 Speaker 1: So UM, that's where I see a lack of a 386 00:23:21,960 --> 00:23:25,800 Speaker 1: unified message. But but I do think I agree with you. 387 00:23:25,800 --> 00:23:29,199 Speaker 1: You're right. Given the bipartisan legislation and those efforts, the 388 00:23:29,240 --> 00:23:33,560 Speaker 1: message to she to present she is you are not 389 00:23:34,200 --> 00:23:36,760 Speaker 1: going to get away with being the global leader that 390 00:23:36,800 --> 00:23:40,440 Speaker 1: you think you are or that you want to be. 391 00:23:40,840 --> 00:23:44,240 Speaker 1: The whole world is not so preoccupied with COVID, that 392 00:23:44,280 --> 00:23:46,919 Speaker 1: we're going to allow you to be so aggressive in 393 00:23:46,960 --> 00:23:51,920 Speaker 1: Hong Kong, to make to push over Taiwan, to threaten 394 00:23:52,280 --> 00:23:54,640 Speaker 1: the Vietnamese and the Philippines in the in the South 395 00:23:54,720 --> 00:23:58,159 Speaker 1: China Sea. We're watching, we're monitoring, and we are you know, 396 00:23:58,200 --> 00:23:59,600 Speaker 1: we have tabs on you. And I think that's a 397 00:23:59,640 --> 00:24:01,679 Speaker 1: very strong message and I think it's necessary. Well, it 398 00:24:01,680 --> 00:24:04,600 Speaker 1: seems like like Shijing Ping is trying to you know, 399 00:24:04,640 --> 00:24:09,840 Speaker 1: play up this nationalistic sense and domestically in China. Uh 400 00:24:09,880 --> 00:24:12,719 Speaker 1: and and and then kind of acted on it with 401 00:24:12,800 --> 00:24:15,480 Speaker 1: these proposals for for Hong Kong, and the international community 402 00:24:15,600 --> 00:24:19,879 Speaker 1: is just saying no, Um, moving beyond that, let's go 403 00:24:19,960 --> 00:24:22,159 Speaker 1: to the World Health Organization. Because you're an expert on 404 00:24:22,200 --> 00:24:24,800 Speaker 1: this in particular and your time at the United Nations 405 00:24:24,800 --> 00:24:28,480 Speaker 1: and whatnot. Um, what what do you think is going 406 00:24:28,520 --> 00:24:31,680 Speaker 1: to change, if anything, with how the World Health Organization 407 00:24:31,760 --> 00:24:36,359 Speaker 1: operates in a post pandemic world, post COVID world. Well yeah, wow, 408 00:24:36,400 --> 00:24:39,880 Speaker 1: I mean, what's happening with the World Health Organization this week? 409 00:24:39,920 --> 00:24:44,800 Speaker 1: I wouldn't have seen because I wouldn't have expected because 410 00:24:44,880 --> 00:24:48,840 Speaker 1: when President Trump about a month ago announced that the 411 00:24:48,880 --> 00:24:50,760 Speaker 1: US would be withdrawing funds or would be with the 412 00:24:50,800 --> 00:24:54,360 Speaker 1: holding funds from the World Health Organization, given it's how 413 00:24:54,400 --> 00:24:58,520 Speaker 1: it handled COVID and given that, you know, it's coziness 414 00:24:58,560 --> 00:25:03,719 Speaker 1: to China. UM, you had other countries say, right, they 415 00:25:03,760 --> 00:25:07,680 Speaker 1: had this kind of cautious agreement where they agreed that 416 00:25:07,720 --> 00:25:10,159 Speaker 1: the World Health Organization has a lot of problems and 417 00:25:10,200 --> 00:25:12,840 Speaker 1: that they are absolutely too cozy with dictators. China is 418 00:25:12,840 --> 00:25:16,000 Speaker 1: not the only one rushed on Syria are um also 419 00:25:16,080 --> 00:25:18,760 Speaker 1: among friends of the of the entourage of friends of 420 00:25:18,840 --> 00:25:21,560 Speaker 1: the World Health Organization. So there is a there is 421 00:25:21,600 --> 00:25:24,480 Speaker 1: an agreement of that. But many said, you know, but 422 00:25:24,560 --> 00:25:27,320 Speaker 1: now is not the time to withdraw funds. And and 423 00:25:27,400 --> 00:25:30,600 Speaker 1: the most ardent supporter of that was the Japanese Prime Minister. 424 00:25:31,040 --> 00:25:33,679 Speaker 1: He came out after President Trump and he said, you know, 425 00:25:33,720 --> 00:25:37,080 Speaker 1: I don't disagree with the World Health Organization's problems. It's 426 00:25:37,119 --> 00:25:39,960 Speaker 1: just now is not the time. Let's let this pandemic 427 00:25:40,000 --> 00:25:42,720 Speaker 1: pass and then let's focus on this and maybe we 428 00:25:42,840 --> 00:25:45,399 Speaker 1: two will look at our funding. Um. You didn't have 429 00:25:45,520 --> 00:25:48,160 Speaker 1: that this week when the World Health Organization held its 430 00:25:48,240 --> 00:25:53,119 Speaker 1: virtual meeting. You had not only China act as this 431 00:25:53,200 --> 00:25:56,000 Speaker 1: global leader, and and and pledged two billion dollars and 432 00:25:56,040 --> 00:25:59,199 Speaker 1: pledged to help COVID efforts around the world. Um and 433 00:25:59,280 --> 00:26:02,320 Speaker 1: act as a leader calling for funds for this organization. 434 00:26:02,720 --> 00:26:06,680 Speaker 1: But you had European nations, You had many saying you know, yes, 435 00:26:06,760 --> 00:26:09,840 Speaker 1: we will give money, and and and jabbing a little 436 00:26:09,840 --> 00:26:12,600 Speaker 1: bit of the United States at where we stand. President 437 00:26:12,600 --> 00:26:15,000 Speaker 1: Trump of course doubled down and said, you know, no, 438 00:26:15,280 --> 00:26:18,920 Speaker 1: if the Lord Cup organization does not institute reforms within 439 00:26:18,960 --> 00:26:22,639 Speaker 1: thirty days, they're not getting their money. And knowing the 440 00:26:22,720 --> 00:26:25,320 Speaker 1: UN system, I think it's unlikely anything will change in 441 00:26:25,359 --> 00:26:27,680 Speaker 1: thirty days. Ugar Smalley, I could talk to you about 442 00:26:27,680 --> 00:26:30,160 Speaker 1: this stuff forever. Congrats on the new show. Go subscribe 443 00:26:30,160 --> 00:26:33,680 Speaker 1: to it on her YouTube channel. Uh it is called 444 00:26:33,800 --> 00:26:36,159 Speaker 1: oh My World and it's on YouTube. More. Next on 445 00:26:36,280 --> 00:26:41,280 Speaker 1: Blomberg Company, I wanted you're listening to Bloomberg Sound On 446 00:26:41,359 --> 00:26:45,359 Speaker 1: with Kevin Surreley on Bloomberg and one all five point 447 00:26:45,400 --> 00:26:48,760 Speaker 1: seven F M H D two. So the nation's capital 448 00:26:48,840 --> 00:26:51,440 Speaker 1: might reopen May twenty nights. Alright, folks, we're getting through 449 00:26:51,440 --> 00:26:56,480 Speaker 1: this thing. We're getting through it. The hair salons, the barbershops, 450 00:26:56,480 --> 00:26:59,120 Speaker 1: my mom back up. Indelko just texting me She's saying, 451 00:26:59,119 --> 00:27:01,520 Speaker 1: can I get a haircut down in there? I said, Mom, 452 00:27:01,560 --> 00:27:05,159 Speaker 1: I'm not throwing ourselves into this controversy. My name is 453 00:27:05,200 --> 00:27:08,600 Speaker 1: Kevin CEREALI I'm the chief Washington, Washington correspondent for Bloomberg 454 00:27:08,600 --> 00:27:12,480 Speaker 1: Television and for Bloomberg Radio. And joining us on the 455 00:27:12,480 --> 00:27:17,199 Speaker 1: line is former Congressman David Jolly. He's a Republican and 456 00:27:17,320 --> 00:27:21,160 Speaker 1: I understand that he is quarantining in the Great State, 457 00:27:21,440 --> 00:27:25,240 Speaker 1: the Keystone State of the mountain tops of Pennsylvania. Where 458 00:27:25,280 --> 00:27:29,159 Speaker 1: are you, NBA? That's right, Kevin, we are just about 459 00:27:29,240 --> 00:27:33,320 Speaker 1: dead in the middle of the State College in Harrisburg. 460 00:27:33,359 --> 00:27:35,960 Speaker 1: I'm missing home though, I'm missing Florida. Oh yeah, no 461 00:27:36,040 --> 00:27:39,000 Speaker 1: offense Florida. Here. We had a Patrick Murphy on him. 462 00:27:39,000 --> 00:27:41,399 Speaker 1: He's living the life. He's going fishing, he's in the boat. 463 00:27:41,560 --> 00:27:44,239 Speaker 1: I'm like, but hey, I went to penn State and 464 00:27:44,280 --> 00:27:46,879 Speaker 1: that's a beautiful part of part of the state, and 465 00:27:46,960 --> 00:27:50,359 Speaker 1: especially this time of year, it's gorgeous. You know, First 466 00:27:50,359 --> 00:27:52,320 Speaker 1: of all, we all should live the life that Patrick 467 00:27:52,400 --> 00:27:54,720 Speaker 1: Murphy does. He's one of my friends. Throw him under 468 00:27:54,760 --> 00:27:57,320 Speaker 1: the bus on that My wife's family is from this 469 00:27:57,320 --> 00:28:00,560 Speaker 1: part of Pennsylvania. Should leave the life of Trem Murphy. 470 00:28:00,600 --> 00:28:03,520 Speaker 1: I'm sorry, I'm still he is. He is living the 471 00:28:03,560 --> 00:28:06,600 Speaker 1: life right now. Okay, go ahead, sorry, go ahead. Well, no, look, 472 00:28:06,600 --> 00:28:08,640 Speaker 1: I was gonna say this is this is my first 473 00:28:08,720 --> 00:28:11,000 Speaker 1: year out of Florida on Memorial Day weekend and probably 474 00:28:11,040 --> 00:28:13,399 Speaker 1: ten years. And I appreciate that in p A you 475 00:28:13,440 --> 00:28:16,000 Speaker 1: wake up and it's still in the forties and the 476 00:28:16,080 --> 00:28:18,119 Speaker 1: highest in the seventies, because in Florida you're hitting the 477 00:28:18,160 --> 00:28:20,879 Speaker 1: hundred degrees. See, I prefer that, he But do yourself 478 00:28:20,880 --> 00:28:24,280 Speaker 1: a favor. Go to Penn State University. They just released 479 00:28:24,400 --> 00:28:27,640 Speaker 1: curbside for the creamery and get yourself some ice cream. 480 00:28:27,640 --> 00:28:30,119 Speaker 1: I don't care if it's forty degrees or thirty two degrees. 481 00:28:30,160 --> 00:28:33,639 Speaker 1: Creamery ice cream, best ice cream in the in the world, 482 00:28:33,960 --> 00:28:37,360 Speaker 1: literally on the planet. Creamery ice Cream and Penn State. Um, 483 00:28:37,480 --> 00:28:38,840 Speaker 1: what I want to ask you? What are you up to? 484 00:28:38,920 --> 00:28:41,480 Speaker 1: I heard that you've launched this new Uh. I guess 485 00:28:41,480 --> 00:28:43,600 Speaker 1: it's not so new anymore, but you've launched this new 486 00:28:43,720 --> 00:28:48,120 Speaker 1: organization joined us. It's a Serve America movement. Tell me 487 00:28:48,160 --> 00:28:53,320 Speaker 1: about the Serve America movement. That's right, Kevin and Sam. 488 00:28:53,360 --> 00:28:55,280 Speaker 1: You know most people know by Sam, but it's a 489 00:28:55,480 --> 00:28:58,880 Speaker 1: origination with Serve America Movement. It actually started about three 490 00:28:58,960 --> 00:29:02,480 Speaker 1: years ago going on for I've just joined as their chairman. 491 00:29:03,080 --> 00:29:05,960 Speaker 1: And look, SAM is an organization that reflects really where 492 00:29:06,000 --> 00:29:08,360 Speaker 1: I am politically now, but also a bit of my 493 00:29:08,560 --> 00:29:12,760 Speaker 1: political journey. I was a Republican my entire my entire life, 494 00:29:13,000 --> 00:29:17,080 Speaker 1: but never quite a good enough Republican. I did not 495 00:29:17,200 --> 00:29:20,680 Speaker 1: support the president as a Republican member of Congress and 496 00:29:21,160 --> 00:29:24,560 Speaker 1: ultimately left the Republican Party after I left Congress. But 497 00:29:24,640 --> 00:29:26,720 Speaker 1: I'm not ready to pick up the Blue Jersey either, 498 00:29:26,920 --> 00:29:28,800 Speaker 1: And so what Sam's doing is really unique. You know, 499 00:29:28,840 --> 00:29:31,240 Speaker 1: a lot of organizations think that all the answers lie 500 00:29:31,680 --> 00:29:36,040 Speaker 1: somewhere in the middle ideologically that I'm not sure that's 501 00:29:36,080 --> 00:29:38,600 Speaker 1: the case. We need to make an ideology as personal. 502 00:29:38,640 --> 00:29:42,560 Speaker 1: People feel passionate about political issues. Maybe they're conservative, progressive, 503 00:29:42,640 --> 00:29:45,080 Speaker 1: or maybe they're moderate. But what we are doing that 504 00:29:45,280 --> 00:29:49,239 Speaker 1: SAM is trying to unrigged the system to create a 505 00:29:49,240 --> 00:29:53,560 Speaker 1: platform of cross partisanship. And what we're focused on his competition. 506 00:29:53,960 --> 00:29:57,360 Speaker 1: How do we restore competition between the two major parties 507 00:29:57,800 --> 00:30:02,120 Speaker 1: within the two major parties, be it on doing partisan jerrymandering, 508 00:30:02,320 --> 00:30:06,440 Speaker 1: opening up primaries, UH investigating ranked choice voting and other 509 00:30:06,480 --> 00:30:10,400 Speaker 1: ballot reforms. But SAM also has the ability in some 510 00:30:10,480 --> 00:30:13,520 Speaker 1: states to run a third party candidate if it makes sense, 511 00:30:14,040 --> 00:30:16,640 Speaker 1: and so in New York and Connecticut in the last cycle, 512 00:30:16,720 --> 00:30:20,520 Speaker 1: SAM ran candidates for governor and lieutenant governor, and most 513 00:30:20,560 --> 00:30:23,840 Speaker 1: states SAM just operates as a task force, not currently 514 00:30:23,880 --> 00:30:28,520 Speaker 1: support running candidates, but supporting democracy reform initiatives to restore 515 00:30:28,560 --> 00:30:32,280 Speaker 1: competition hopefully restore accountability. You know, it really is fascinating 516 00:30:32,320 --> 00:30:34,960 Speaker 1: just to watch. I think there's a there's a quiet 517 00:30:35,520 --> 00:30:39,280 Speaker 1: majority that uh really would that would that message would 518 00:30:39,320 --> 00:30:42,160 Speaker 1: resonate with You have a new column out on NBC 519 00:30:42,200 --> 00:30:46,280 Speaker 1: News Think, and the headline of it says, Trump's coronavirus 520 00:30:46,320 --> 00:30:49,320 Speaker 1: reaction failed America, but Congress also failed US and it 521 00:30:49,360 --> 00:30:52,880 Speaker 1: has for years. I how it is? I mean, you 522 00:30:52,960 --> 00:30:55,200 Speaker 1: go through it in your article, but summarize it for us. Now, 523 00:30:56,400 --> 00:30:58,000 Speaker 1: how do I mean? I think we all know how, 524 00:30:58,080 --> 00:31:01,040 Speaker 1: but for in your words, how to Congress fell? Yeah, 525 00:31:01,040 --> 00:31:03,880 Speaker 1: and Kevin, tone is important. In fact, for those who 526 00:31:03,920 --> 00:31:07,200 Speaker 1: may know me from MSNBC, I can be very harsh 527 00:31:07,800 --> 00:31:10,640 Speaker 1: on the president. I've kept a pretty low profile during 528 00:31:10,680 --> 00:31:13,640 Speaker 1: COVID because I think this is a national moment. And 529 00:31:13,720 --> 00:31:16,640 Speaker 1: we have seen unifying moments in the face of tragedy 530 00:31:17,120 --> 00:31:20,480 Speaker 1: throughout history, eleven being a perfect example. But as we 531 00:31:20,520 --> 00:31:22,960 Speaker 1: were losing the space race in the in the sixties, 532 00:31:23,800 --> 00:31:27,360 Speaker 1: the bombing to Pearl Harbor, the nation rallied. And I 533 00:31:27,400 --> 00:31:30,200 Speaker 1: think what we have seen in this moment is our 534 00:31:30,240 --> 00:31:33,320 Speaker 1: politics have broken us. We really are two nations politically, 535 00:31:33,720 --> 00:31:35,920 Speaker 1: and so I'm very careful not to play what about 536 00:31:36,040 --> 00:31:38,360 Speaker 1: is um But I've been a student of the Congress 537 00:31:38,400 --> 00:31:40,600 Speaker 1: since I got out of college. I've I've worked with 538 00:31:40,600 --> 00:31:43,480 Speaker 1: the Congress for twenty or twenty five years in every capacity, 539 00:31:43,600 --> 00:31:46,160 Speaker 1: from intern to member, and I have to tell you 540 00:31:47,040 --> 00:31:50,320 Speaker 1: Congress is not a serious institution. One of the things 541 00:31:50,320 --> 00:31:52,680 Speaker 1: I put in my column on on NBC News is 542 00:31:53,400 --> 00:31:56,880 Speaker 1: each year Congress holds more political fundraisers than they do 543 00:31:56,920 --> 00:32:01,160 Speaker 1: congressional hearings. Congress missed the intelligence and evidence of this 544 00:32:01,240 --> 00:32:04,400 Speaker 1: pandemic just as much as the President ignored it. And 545 00:32:04,440 --> 00:32:06,520 Speaker 1: they did so going back to some of the issues 546 00:32:06,560 --> 00:32:09,640 Speaker 1: with Sam because over the last twenty or thirty years, 547 00:32:09,760 --> 00:32:12,560 Speaker 1: the sentence we have put in front of Congress have 548 00:32:12,720 --> 00:32:17,160 Speaker 1: been to ignore serious matters and and excel only in 549 00:32:17,200 --> 00:32:21,400 Speaker 1: those hyperpartisan matters. And it's a combination of many factors 550 00:32:21,400 --> 00:32:25,680 Speaker 1: as I mentioned, gerrymandering and primaries, but new media platforms 551 00:32:25,760 --> 00:32:29,840 Speaker 1: that create this reward trybe for partisanship. And so we 552 00:32:29,920 --> 00:32:32,640 Speaker 1: have a Congress that we have to acknowledge missed this 553 00:32:32,920 --> 00:32:36,880 Speaker 1: and the me and the media rewards, media reward that 554 00:32:37,000 --> 00:32:40,440 Speaker 1: rewards journalists who are hyperpartisan as well on both sides. 555 00:32:40,640 --> 00:32:42,520 Speaker 1: Let me ask you this though, because this is the 556 00:32:42,600 --> 00:32:44,840 Speaker 1: this show. The threat has been foreign policy, and I 557 00:32:44,880 --> 00:32:47,120 Speaker 1: want to ask you on this. You you talk about 558 00:32:47,120 --> 00:32:49,600 Speaker 1: how Connor has missed the mark uh and and miss 559 00:32:49,680 --> 00:32:52,240 Speaker 1: warning signs. I mean the signs were there with China, 560 00:32:52,280 --> 00:32:55,680 Speaker 1: were they not? Oh? They were, and the size have 561 00:32:55,760 --> 00:32:57,920 Speaker 1: been there since two thousand ten, that we're not prepared 562 00:32:57,920 --> 00:33:00,960 Speaker 1: for a pandemic. The g a a warrened Congress in 563 00:33:01,000 --> 00:33:04,840 Speaker 1: the administration in that there was a pandemic threat that 564 00:33:04,920 --> 00:33:09,320 Speaker 1: we weren't prepared for. They also had briefings from intelligence officials. 565 00:33:09,360 --> 00:33:11,160 Speaker 1: But I've got to tell you, as a rank and 566 00:33:11,160 --> 00:33:14,040 Speaker 1: file member of Congress who served for three years, this 567 00:33:14,160 --> 00:33:16,520 Speaker 1: was never on my radar and it should have been. 568 00:33:16,600 --> 00:33:20,280 Speaker 1: I own that. I own that responsibility. But it's because 569 00:33:20,280 --> 00:33:23,479 Speaker 1: Congress doesn't wrestle with serious issues. The next big unknown 570 00:33:23,480 --> 00:33:26,600 Speaker 1: that we're unprepared for is cyber We live in mutually 571 00:33:26,640 --> 00:33:29,720 Speaker 1: assured destruction when it comes to cyber warfare. I ran 572 00:33:29,800 --> 00:33:33,160 Speaker 1: could cripple our healthcare, financial sector, and energy grid with 573 00:33:33,200 --> 00:33:36,240 Speaker 1: a flip of a switch, and we're not preparing for it. 574 00:33:36,480 --> 00:33:39,040 Speaker 1: But Congress and the President will want credit for however 575 00:33:39,080 --> 00:33:43,320 Speaker 1: they respond to the next crisis. You know, it really 576 00:33:43,400 --> 00:33:46,600 Speaker 1: is in many ways terrifying. I mean, the people have 577 00:33:46,680 --> 00:33:48,360 Speaker 1: been talking about cyber for a while, but on this 578 00:33:48,400 --> 00:33:51,600 Speaker 1: issue of China in particular, there have been lawmakers on 579 00:33:51,680 --> 00:33:53,240 Speaker 1: both sides of the aisle. We heard from one of 580 00:33:53,240 --> 00:33:56,080 Speaker 1: them today who's a Democrat. We've had other Republicans on 581 00:33:56,120 --> 00:34:00,000 Speaker 1: this program. You've got a Senator Rubio, for example, who 582 00:34:00,080 --> 00:34:03,720 Speaker 1: have really issued warnings about China. I'm curious. I mean, 583 00:34:04,000 --> 00:34:06,360 Speaker 1: from your experience, both in the private sector and as 584 00:34:06,400 --> 00:34:09,399 Speaker 1: a member of Congress, do you think that the US 585 00:34:09,400 --> 00:34:17,120 Speaker 1: economy is prepared for threats from economic threats from China? 586 00:34:18,719 --> 00:34:22,040 Speaker 1: I think we have work to do. Um. I don't 587 00:34:22,120 --> 00:34:25,600 Speaker 1: worry so much about our ability to manage geopolitical threats. 588 00:34:25,680 --> 00:34:28,040 Speaker 1: We are the greatest nation on earth. We we are 589 00:34:28,080 --> 00:34:31,560 Speaker 1: the strongest nation on earth, and when we take governing seriously, 590 00:34:31,640 --> 00:34:35,120 Speaker 1: we can prepare for whatever the challenge. Maybe what I 591 00:34:35,160 --> 00:34:38,720 Speaker 1: worry about politically, particularly on the Republican side of the aisle, 592 00:34:39,280 --> 00:34:42,920 Speaker 1: is the demonizing of foreign powers to elicit zenophobia for 593 00:34:42,960 --> 00:34:46,480 Speaker 1: political purposes. Look, we all know this originated in China, 594 00:34:46,680 --> 00:34:50,200 Speaker 1: right but here in Central Pa. I'm watching congressional primary 595 00:34:50,239 --> 00:34:54,640 Speaker 1: commercials for Republican primary where they're all blaming, blaming, the 596 00:34:54,840 --> 00:34:58,360 Speaker 1: Wuhan flew, the Wuhan flew, and they're doing it because 597 00:34:58,400 --> 00:35:02,200 Speaker 1: it's stoked certain political pass And that's my concern that 598 00:35:02,360 --> 00:35:05,840 Speaker 1: from our top leaders in Congress, they're not taking the 599 00:35:05,960 --> 00:35:09,279 Speaker 1: challenge to seriously. We can deal with China, we absolutely can, 600 00:35:09,719 --> 00:35:12,320 Speaker 1: but I'm not sure where we are we have leadership 601 00:35:12,360 --> 00:35:15,880 Speaker 1: making those decisions right now. David Jolly, former Congressman Republican 602 00:35:15,960 --> 00:35:20,200 Speaker 1: from Florida and the chairman of SAM appreciate you. Coming on, 603 00:35:20,239 --> 00:35:22,680 Speaker 1: Go get some creamery ice cream, all right, enjoy Pennsylvania. 604 00:35:22,760 --> 00:35:24,719 Speaker 1: I haven't been back. I have not been back to 605 00:35:24,800 --> 00:35:28,360 Speaker 1: Pennsylvania since this whole thing began. And I'm you know, 606 00:35:28,360 --> 00:35:30,839 Speaker 1: I'm getting a little getting a little stir crazy cab 607 00:35:30,880 --> 00:35:33,400 Speaker 1: in fever here in the nation's capital, David Jolly always 608 00:35:33,400 --> 00:35:35,600 Speaker 1: greats to catch up with you. Coming up again tomorrow 609 00:35:35,600 --> 00:35:37,680 Speaker 1: on a special show. We're gonna hear from Congressman Max Rose. 610 00:35:37,719 --> 00:35:40,120 Speaker 1: We're gonna hear from DC Scores. Check out my special 611 00:35:40,160 --> 00:35:43,560 Speaker 1: report tomorrow night on Bloomberg Television at nine pm Eastern 612 00:35:43,600 --> 00:35:47,360 Speaker 1: America's Employment Bus. Download the Bloomberg Sound On podcast on Apple, 613 00:35:47,360 --> 00:35:49,480 Speaker 1: it tunes, at Bloomberg dot com, or by downloading the 614 00:35:49,480 --> 00:35:51,439 Speaker 1: Bloomberg Business App. You can also find me on Radio 615 00:35:51,520 --> 00:35:54,640 Speaker 1: dot com, I Heart Radio, and Spotify. Tonight, I'm talking 616 00:35:54,680 --> 00:35:58,840 Speaker 1: with the Undersecretary's Economic Affairs on Bloomberg Television, Keith Croc. 617 00:35:59,400 --> 00:36:02,560 Speaker 1: Tune in you're listening to Podbird ninety nine. Blocky