1 00:00:00,760 --> 00:00:04,480 Speaker 1: Why from all Talk here in Washington, d C turns 2 00:00:04,519 --> 00:00:08,320 Speaker 1: to President elect Joe Biden's administration. Historically speaking, the markets 3 00:00:08,320 --> 00:00:11,080 Speaker 1: that performed better when there is divided government. The biggest 4 00:00:11,240 --> 00:00:14,960 Speaker 1: pressure for physical stimulus is an up taking cases. Bloomberg 5 00:00:15,160 --> 00:00:19,600 Speaker 1: Sound On, The Insiders, the Influencers, the inside riding has 6 00:00:19,640 --> 00:00:22,840 Speaker 1: Thomas again and again that he will unite the country's 7 00:00:22,880 --> 00:00:26,040 Speaker 1: state government's control elections left in the constitution. I think 8 00:00:26,079 --> 00:00:30,240 Speaker 1: that we can expect a smooth, thoughtful, methodical transition. This 9 00:00:30,600 --> 00:00:35,040 Speaker 1: is Bloomberg Sound On with Kevin Shirley on Bloomberg Radio. 10 00:00:36,880 --> 00:00:40,600 Speaker 1: This school stimulus talks heat up this as Dr Fauci 11 00:00:40,680 --> 00:00:45,279 Speaker 1: says dark days are ahead. Meanwhile, Georgia debate in Georgia, 12 00:00:45,320 --> 00:00:47,240 Speaker 1: what does it mean for the Senate lots to get through? 13 00:00:47,560 --> 00:00:51,479 Speaker 1: As US COVID death's match April peak with hospitals filling, 14 00:00:51,560 --> 00:00:55,480 Speaker 1: fast stocks drop, amid virus surge. This as US COVID 15 00:00:55,560 --> 00:00:59,360 Speaker 1: deaths match April peak with hospitals still filling. We're gonna 16 00:00:59,440 --> 00:01:02,600 Speaker 1: check in later in the next hour with Senator Ben Carton, 17 00:01:02,720 --> 00:01:07,000 Speaker 1: a Democrat from Delaware. But first Dr Anthony Fauci says 18 00:01:07,120 --> 00:01:12,920 Speaker 1: dark days are ahead without substantial mitigation. The middle of 19 00:01:13,040 --> 00:01:17,320 Speaker 1: January can be a really dark time for us, but 20 00:01:17,480 --> 00:01:20,720 Speaker 1: hope is on the way, especially in the big pharmaceutical 21 00:01:20,840 --> 00:01:24,640 Speaker 1: development space. Secretary of Health Alex Asar appearing on ABC 22 00:01:24,760 --> 00:01:28,480 Speaker 1: news Is this week, said that the COVID nineteen vaccine 23 00:01:28,520 --> 00:01:33,720 Speaker 1: will be available to everyone by the second quarter. We're 24 00:01:33,720 --> 00:01:36,240 Speaker 1: gonna focus on those most vulnerable and those most on 25 00:01:36,280 --> 00:01:38,520 Speaker 1: the front lines of treating people with COVID with the 26 00:01:38,560 --> 00:01:41,759 Speaker 1: initial forty million doses in the next month, and then 27 00:01:41,800 --> 00:01:44,600 Speaker 1: we're just gonna progressively keep adding more and more people. 28 00:01:44,680 --> 00:01:47,640 Speaker 1: So be thinking in the February March time frame that 29 00:01:47,680 --> 00:01:50,200 Speaker 1: you're going to see more general vaccination and by the 30 00:01:50,240 --> 00:01:52,800 Speaker 1: second quarter of next year, we'll we'll have enough vaccine 31 00:01:52,840 --> 00:01:56,560 Speaker 1: for every American that wants it. Meanwhile, on the domestic 32 00:01:56,640 --> 00:01:59,720 Speaker 1: political front, my sources tell me all throughout the day 33 00:01:59,720 --> 00:02:04,160 Speaker 1: today they're incredibly optimistic about passing a fiscal stimulus deal 34 00:02:04,720 --> 00:02:06,800 Speaker 1: before the end of the year. And take a listen 35 00:02:06,800 --> 00:02:10,400 Speaker 1: to what Senator Bill Cassidy, a Republican from Louisiana, told 36 00:02:10,440 --> 00:02:14,520 Speaker 1: Fox News earlier. Now neither have said, hell, we'll sign 37 00:02:14,560 --> 00:02:17,920 Speaker 1: your bill. That's fair. We have final language, our final language. 38 00:02:17,960 --> 00:02:21,320 Speaker 1: Chris will probably come out earlier this week, earlier this week, 39 00:02:21,840 --> 00:02:23,440 Speaker 1: and so then people can look at it and we 40 00:02:23,520 --> 00:02:27,560 Speaker 1: can modify it as needed. But the indications I get 41 00:02:27,960 --> 00:02:31,360 Speaker 1: the pain of the American people is driving this, and 42 00:02:31,400 --> 00:02:33,919 Speaker 1: I'm optimistic that both those leaders will come on board. 43 00:02:34,240 --> 00:02:36,839 Speaker 1: Jordan Fabian is a Bloomberg White House reporter. Jordan, when 44 00:02:36,880 --> 00:02:39,959 Speaker 1: will we get that deal and when will folks get 45 00:02:40,080 --> 00:02:45,040 Speaker 1: fiscal stimulus release? Hard to say, Kevin, when that deal 46 00:02:45,120 --> 00:02:47,799 Speaker 1: might come. Congress still has to pass the Fundy bill 47 00:02:47,800 --> 00:02:50,440 Speaker 1: to keep the government open, and they might consider a 48 00:02:50,520 --> 00:02:53,120 Speaker 1: stimulus package at the same time, it seems like they're 49 00:02:53,200 --> 00:02:57,280 Speaker 1: narrowing differences with this bipartisan proposal that that's been offered 50 00:02:57,320 --> 00:03:00,880 Speaker 1: by group of senators here in Washington, and heard Larry Cublo, 51 00:03:01,000 --> 00:03:04,280 Speaker 1: the president's top economic advisers, say that what Trump would 52 00:03:04,320 --> 00:03:06,720 Speaker 1: likely sign that. But the question is whether the Senate 53 00:03:06,760 --> 00:03:08,880 Speaker 1: and the House can find the both the pass that 54 00:03:09,120 --> 00:03:11,600 Speaker 1: or something like it in the law. So, diving into 55 00:03:11,639 --> 00:03:15,840 Speaker 1: my Bloomberg terminal, our colleagues Eric Wasson and Laura Liftin 56 00:03:16,000 --> 00:03:19,120 Speaker 1: right quote, talks over a nine hundred and eight billion 57 00:03:19,120 --> 00:03:23,200 Speaker 1: dollar pandemic relief plan have slowed with negotiators still working 58 00:03:23,200 --> 00:03:26,560 Speaker 1: to resolve key details on state and local aid as 59 00:03:26,600 --> 00:03:30,880 Speaker 1: well as liability protections for businesses. Now, Jordan, you and 60 00:03:30,919 --> 00:03:34,280 Speaker 1: I both know that Senate Majority Leader Mitch McConnell has 61 00:03:34,320 --> 00:03:39,320 Speaker 1: been incredibly, incredibly pushing for the liability protections for businesses 62 00:03:39,480 --> 00:03:42,600 Speaker 1: and of all sizes, and it would really create a 63 00:03:42,720 --> 00:03:47,480 Speaker 1: legal quagmire for many small businesses should this not be included. 64 00:03:47,760 --> 00:03:50,360 Speaker 1: But I'm struck by this because our colleagues are also 65 00:03:50,440 --> 00:03:54,400 Speaker 1: reporting that lawmakers are still wrangling over a one point 66 00:03:54,520 --> 00:03:57,240 Speaker 1: for trillion dollar omnibus bill that you've alluded to to 67 00:03:57,320 --> 00:04:00,920 Speaker 1: fund the government into one to which the COVID nineteen 68 00:04:00,960 --> 00:04:03,480 Speaker 1: package would be attached. I read that I mesh it 69 00:04:03,600 --> 00:04:06,400 Speaker 1: with my reporting and who I'm talking with, Jordan, and 70 00:04:06,400 --> 00:04:09,880 Speaker 1: I'm curious for what you're hearing, which is this is 71 00:04:09,960 --> 00:04:14,880 Speaker 1: less about the stimulus and more about the omnibus. Yeah, 72 00:04:14,920 --> 00:04:17,680 Speaker 1: I think that's right. I think there's a chance the omnibus, 73 00:04:17,680 --> 00:04:21,520 Speaker 1: because that must pass legislation to avoid the government shutdown, 74 00:04:21,560 --> 00:04:24,039 Speaker 1: that one side or the other can kind of force 75 00:04:24,440 --> 00:04:28,039 Speaker 1: a deal there and attach maybe not the entire stimulus package, 76 00:04:28,080 --> 00:04:31,160 Speaker 1: but some part of it, like uh this, like parts 77 00:04:31,200 --> 00:04:34,640 Speaker 1: that both sides agree on like aid for small businesses 78 00:04:34,920 --> 00:04:38,600 Speaker 1: and uh, you know, additional stimulus checks and and things 79 00:04:38,640 --> 00:04:41,719 Speaker 1: like that, to to a stimulus package and then have 80 00:04:42,120 --> 00:04:44,960 Speaker 1: the Congress come back early next year with Joe Biden 81 00:04:45,040 --> 00:04:48,120 Speaker 1: this president, and then continue to work on these issues, 82 00:04:48,160 --> 00:04:50,400 Speaker 1: which frankly, I mean you mentioned state and local aid 83 00:04:50,720 --> 00:04:53,320 Speaker 1: and this liability shield. These have been the issues that 84 00:04:53,360 --> 00:04:55,880 Speaker 1: have held the stimulus debate up for months now, and 85 00:04:56,040 --> 00:04:58,400 Speaker 1: there's not really any indication that that debate is going 86 00:04:58,400 --> 00:05:02,800 Speaker 1: to be resolved anytime soon. Yeah, it's interesting because you know, 87 00:05:02,920 --> 00:05:05,480 Speaker 1: Study Hoyer, who of course is one of the top 88 00:05:05,520 --> 00:05:08,920 Speaker 1: Democrats in Democratic leadership in the House. You know, he's 89 00:05:08,960 --> 00:05:11,400 Speaker 1: saying that not getting a deal done is not on 90 00:05:11,440 --> 00:05:15,839 Speaker 1: the table. So they're they're incredibly optimistic about this. But 91 00:05:15,880 --> 00:05:19,440 Speaker 1: then I dive into the data coming from the COVID 92 00:05:19,520 --> 00:05:24,400 Speaker 1: nineteen front, and the seven day average of reported fatalities 93 00:05:24,920 --> 00:05:29,680 Speaker 1: rose to two thousand, two hundred and one on Sunday, 94 00:05:29,920 --> 00:05:33,159 Speaker 1: just one shy of the peak from April eighteen. And 95 00:05:33,200 --> 00:05:36,080 Speaker 1: of course, the incredible data research coming out at Johns 96 00:05:36,080 --> 00:05:40,400 Speaker 1: Hopkins University, the average daily deaths had been predicted in 97 00:05:40,440 --> 00:05:44,200 Speaker 1: the range of about six d eighteen hundred through December 98 00:05:44,240 --> 00:05:48,719 Speaker 1: twenty six, and already it has it has uh surpassed 99 00:05:48,720 --> 00:05:53,120 Speaker 1: that uh according to the scientists. So it would appear 100 00:05:53,240 --> 00:05:55,719 Speaker 1: Jordan's that the that the science and the data and 101 00:05:55,760 --> 00:05:58,560 Speaker 1: the horrific nature of this virus peaking again in the 102 00:05:58,600 --> 00:06:02,360 Speaker 1: winter is adding a new sense of urgency and outweighing 103 00:06:02,400 --> 00:06:06,359 Speaker 1: the politics. Yeah, it's interesting, Kevin, because I mean, I 104 00:06:06,360 --> 00:06:07,960 Speaker 1: think you make a good point there that there have 105 00:06:07,960 --> 00:06:10,760 Speaker 1: been these events that have happened that would seem to 106 00:06:10,920 --> 00:06:14,360 Speaker 1: hasten some urgency here in Washington for a stimulus package. 107 00:06:14,400 --> 00:06:16,880 Speaker 1: I would add to that. You know, last week's disappointing 108 00:06:16,960 --> 00:06:19,279 Speaker 1: jobs report, there was a lot of talk that and 109 00:06:19,360 --> 00:06:21,920 Speaker 1: I think Wall Street believe that that would sort of 110 00:06:22,160 --> 00:06:25,000 Speaker 1: came the way for a deal. But as you mentioned this, 111 00:06:25,120 --> 00:06:27,679 Speaker 1: Hawks have slowed down a bit, and it does seem 112 00:06:27,720 --> 00:06:32,279 Speaker 1: that while the both sides recognize that there is urgency 113 00:06:32,320 --> 00:06:35,320 Speaker 1: and people really want to need the stimulus, they still 114 00:06:35,320 --> 00:06:39,480 Speaker 1: haven't been enough to bridge the final hurdles here. So again, 115 00:06:39,640 --> 00:06:42,000 Speaker 1: I think, you know, when we talked about Stenny Hoyer 116 00:06:42,120 --> 00:06:44,880 Speaker 1: saying there will be a stimulus, what does that look like? 117 00:06:44,960 --> 00:06:47,039 Speaker 1: I mean, we could be talking about something that's very 118 00:06:47,040 --> 00:06:50,040 Speaker 1: pair down, something that both sides agree on, but leaving 119 00:06:50,040 --> 00:06:53,600 Speaker 1: out the more contentious aspect and punting that toward next year. 120 00:06:53,640 --> 00:06:54,800 Speaker 1: I want to get to the nuts and bolt to 121 00:06:54,839 --> 00:06:57,800 Speaker 1: the omnibus, especially for Washington, d C, which of course 122 00:06:57,880 --> 00:07:00,960 Speaker 1: is an industry town. Leader McConnell on the Senate for today, 123 00:07:01,000 --> 00:07:04,960 Speaker 1: I bolded this, underlined it in my notebook that they 124 00:07:05,000 --> 00:07:07,039 Speaker 1: are likely if they don't get to a deal on 125 00:07:07,080 --> 00:07:10,640 Speaker 1: the omnibus, they're going to avert a government shutdown by 126 00:07:10,720 --> 00:07:15,360 Speaker 1: likely passing a one week extension, so that would allow them, 127 00:07:15,560 --> 00:07:18,840 Speaker 1: it would get them more time to continue with the negotiations. 128 00:07:18,920 --> 00:07:23,240 Speaker 1: Neither Leader McConnell nor Speaker Pelosi are saying that they're 129 00:07:23,240 --> 00:07:25,880 Speaker 1: not going to get to a deal. So again, in 130 00:07:26,000 --> 00:07:28,920 Speaker 1: terms of averting a partial government shutdown, which of course 131 00:07:28,960 --> 00:07:32,520 Speaker 1: has significant effects for government employees, they are likely going 132 00:07:32,560 --> 00:07:35,880 Speaker 1: to pass a one week extension should they not be 133 00:07:36,040 --> 00:07:40,040 Speaker 1: able to get to some type of deal by December eleventh, 134 00:07:40,040 --> 00:07:42,320 Speaker 1: which is which is Friday, maybe they'll surprise us. Okay, 135 00:07:42,360 --> 00:07:45,440 Speaker 1: switching gears, where you are, Jordan Fabian Bloomberg White House Reporter. 136 00:07:45,720 --> 00:07:48,720 Speaker 1: The President was in Georgia over the weekend. How was 137 00:07:48,760 --> 00:07:54,320 Speaker 1: he received well, he was received pretty warmly by his 138 00:07:54,520 --> 00:07:58,360 Speaker 1: loyal supporters there at the rally, but amongst Georgia Republicans 139 00:07:58,400 --> 00:08:01,880 Speaker 1: maybe not so much, because uh, he did exactly what 140 00:08:02,040 --> 00:08:03,960 Speaker 1: they did not want him to do, which has spend 141 00:08:03,960 --> 00:08:06,360 Speaker 1: a lot of time at this rally that was supposed 142 00:08:06,360 --> 00:08:09,120 Speaker 1: to be for the Republican Senate candidates there facing re 143 00:08:09,160 --> 00:08:12,760 Speaker 1: election in early January, talking about you know this unfounded 144 00:08:12,880 --> 00:08:17,800 Speaker 1: claims of voter fraud and also attacking the state's Republican leaders, 145 00:08:18,000 --> 00:08:20,600 Speaker 1: the governor and the Secretary of State, to have refused 146 00:08:20,640 --> 00:08:24,080 Speaker 1: his entreaties to overturn the election and and uh appoint 147 00:08:24,120 --> 00:08:26,760 Speaker 1: electors to return him to office. So you had this 148 00:08:26,800 --> 00:08:28,840 Speaker 1: sort of split screen where the president's reading off the 149 00:08:28,840 --> 00:08:31,960 Speaker 1: telepropter these lines about the senators, but really spend a 150 00:08:31,960 --> 00:08:34,680 Speaker 1: lot more time talking about his own election. And that's 151 00:08:35,080 --> 00:08:37,839 Speaker 1: not when National Republicans wanted him to go down there 152 00:08:37,840 --> 00:08:41,360 Speaker 1: and do thirty eight cases thirty eight cases from the 153 00:08:41,400 --> 00:08:44,960 Speaker 1: Trump campaign had been tossed out by judges earlier today, 154 00:08:45,000 --> 00:08:48,040 Speaker 1: the President, speaking at the White House, continuing to pedal 155 00:08:48,080 --> 00:08:52,200 Speaker 1: false smiths informed claims about the election. Here is this 156 00:08:52,400 --> 00:08:54,640 Speaker 1: was like from a third world nation, and I think 157 00:08:54,679 --> 00:08:56,800 Speaker 1: the case has been made and now we find out 158 00:08:56,880 --> 00:08:58,280 Speaker 1: what we can do about it. But you'll see a 159 00:08:58,320 --> 00:09:00,880 Speaker 1: lot of big things happening over the next couple of days. 160 00:09:01,600 --> 00:09:04,760 Speaker 1: What are those big things, Jordan's I mean, it's really 161 00:09:04,760 --> 00:09:06,800 Speaker 1: not cuar what we're talking about. I mean, maybe they'll 162 00:09:07,200 --> 00:09:09,199 Speaker 1: file more lawsuits, but those are just as likely to 163 00:09:09,240 --> 00:09:11,920 Speaker 1: be thrown out in court. And frankly, the president is 164 00:09:11,920 --> 00:09:15,720 Speaker 1: looking increasingly desperate and frankly posthetic here with how he's 165 00:09:16,000 --> 00:09:18,240 Speaker 1: treating the last two weeks of his administration. As we 166 00:09:18,360 --> 00:09:21,480 Speaker 1: just talked about, Kevin, the country is facing a massive 167 00:09:21,559 --> 00:09:25,560 Speaker 1: COVID spike, really in need of of of stimulus and 168 00:09:25,559 --> 00:09:29,040 Speaker 1: and frankly leadership on this, on this pandemic. And the 169 00:09:29,080 --> 00:09:31,760 Speaker 1: President has really spent all of his time talking about 170 00:09:31,800 --> 00:09:34,920 Speaker 1: this effort to overturn the election, which a isn't based 171 00:09:35,040 --> 00:09:37,959 Speaker 1: attack and b is not really has doesn't have any 172 00:09:38,000 --> 00:09:40,160 Speaker 1: chances to see. I'm gonna quote my mentor and friend here, 173 00:09:40,240 --> 00:09:42,240 Speaker 1: Tom Keen. I'm gonna cut to the chase. Is the 174 00:09:42,240 --> 00:09:45,840 Speaker 1: Washington football team going to beat the Steelers at five? Well? 175 00:09:45,880 --> 00:09:47,800 Speaker 1: I sure hope so, Kevin, We'll see what happens. Who 176 00:09:47,840 --> 00:09:50,840 Speaker 1: should be starting Jalen Hurts or Carson Wentz from my Eagles. 177 00:09:52,000 --> 00:09:53,960 Speaker 1: I think I think Hurts has got I could not 178 00:09:54,040 --> 00:09:56,959 Speaker 1: agree with you. I could not agree with you more. 179 00:09:57,040 --> 00:09:59,679 Speaker 1: Jordan's Fabian, I could not agree with you more. There's 180 00:09:59,720 --> 00:10:03,400 Speaker 1: a quarterback controversy back home, and you know what, you know, 181 00:10:03,400 --> 00:10:06,200 Speaker 1: who's the most popular player on a team that's losing 182 00:10:06,520 --> 00:10:09,839 Speaker 1: the backup quarterback. I'm Kevin Cereli, Chief Washington correspondent for 183 00:10:09,840 --> 00:10:26,680 Speaker 1: Bloomberg Television Radio. You're listening to Bloomberg. You're listening to Bloomberg. 184 00:10:26,760 --> 00:10:30,840 Speaker 1: Sound On with Kevin Currel on Bloomberg and one All 185 00:10:30,960 --> 00:10:35,440 Speaker 1: five point seven a m h D two. I'm Kevin Currelli, 186 00:10:35,559 --> 00:10:39,840 Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 187 00:10:39,960 --> 00:10:42,000 Speaker 1: Coming up, we're also going to check in with Tammy 188 00:10:42,040 --> 00:10:44,800 Speaker 1: hat Out of hat Ad Media on this news coming 189 00:10:44,840 --> 00:10:48,200 Speaker 1: from The Wall Street Journal. MSNBC to name Rashida Jones president, 190 00:10:48,559 --> 00:10:52,680 Speaker 1: succeeding Phil Griffin, a major development on the media front 191 00:10:52,720 --> 00:10:56,800 Speaker 1: for NBC Universal. Tammy will uh navigate through all of that, 192 00:10:56,840 --> 00:11:00,280 Speaker 1: but first let's dive into what happened in the markets today. 193 00:11:00,480 --> 00:11:03,360 Speaker 1: Rita Nazareth and Claire Valentine. Both have been on the show. 194 00:11:03,840 --> 00:11:07,880 Speaker 1: Report on the Bloomberg terminal stocks fell as coronavirus infections 195 00:11:07,920 --> 00:11:12,679 Speaker 1: swept across US states, triggering fears of more restrictions. The 196 00:11:12,720 --> 00:11:16,440 Speaker 1: pound paired losses as the UK agreed on further talks 197 00:11:16,720 --> 00:11:20,559 Speaker 1: with the European Commission to address the impass over a 198 00:11:20,600 --> 00:11:23,440 Speaker 1: trade deal. The SMP five hundred dropped from an all 199 00:11:23,480 --> 00:11:27,240 Speaker 1: time high, led by energy, real estate, and financial companies. 200 00:11:27,280 --> 00:11:30,560 Speaker 1: Intel tumbled on the news that Apple is planning a 201 00:11:30,600 --> 00:11:34,560 Speaker 1: series of new Mac processors for introduction as early as 202 00:11:34,600 --> 00:11:40,480 Speaker 1: twenty twenty one. Trevor has I'm on a first name 203 00:11:41,679 --> 00:11:45,040 Speaker 1: basis with Trevor Hanger, who is a strategic advisor with 204 00:11:45,120 --> 00:11:48,400 Speaker 1: Forbes Tate Partners in Washington, d C. Has a note 205 00:11:48,440 --> 00:11:51,600 Speaker 1: that I have been reading now pretty much almost daily 206 00:11:52,040 --> 00:11:54,680 Speaker 1: because it's a really good note in terms of insight 207 00:11:54,800 --> 00:11:57,839 Speaker 1: into what the financial Wall Street crowd is going to 208 00:11:57,920 --> 00:11:59,760 Speaker 1: be looking for, and I've added it to my Greg 209 00:11:59,840 --> 00:12:03,079 Speaker 1: val A type of lineup. So, Trevor, that's what happened 210 00:12:03,120 --> 00:12:05,480 Speaker 1: in the markets today. Where do you see the currents 211 00:12:05,520 --> 00:12:09,640 Speaker 1: going in the next twenty four forty eight hours. Well, 212 00:12:09,640 --> 00:12:11,600 Speaker 1: I think you had an interesting day to day where 213 00:12:11,600 --> 00:12:15,040 Speaker 1: you had some of that initial negative news coming out 214 00:12:15,040 --> 00:12:18,560 Speaker 1: of those brigsit talks UM that weighed on you know, 215 00:12:18,640 --> 00:12:21,840 Speaker 1: European markets for a bit. You had some news out 216 00:12:21,880 --> 00:12:26,440 Speaker 1: of UM the Trump administration potentially levying more sanctions UM 217 00:12:26,480 --> 00:12:30,800 Speaker 1: on the UM on some Chinese businessman and executives and 218 00:12:31,000 --> 00:12:34,719 Speaker 1: party members. So I think there was this overhang around UM, 219 00:12:34,760 --> 00:12:37,600 Speaker 1: some international developments. And then obviously you've got this this 220 00:12:37,720 --> 00:12:40,680 Speaker 1: current running through around whether or not the vaccine you know, 221 00:12:40,960 --> 00:12:45,160 Speaker 1: the UM pandemic is accelerating. How far away are we 222 00:12:45,240 --> 00:12:49,000 Speaker 1: to actually seeing the you know, a vaccine plan in place, 223 00:12:49,520 --> 00:12:52,559 Speaker 1: UH and seeing the first UM folks in the US 224 00:12:53,040 --> 00:12:55,520 Speaker 1: get access to that UM And then you had you 225 00:12:55,520 --> 00:13:00,480 Speaker 1: know this UH, these ongoing negotiations on Capitol Hill around 226 00:13:00,559 --> 00:13:04,520 Speaker 1: the budget around stimulus UH. And so you know, I 227 00:13:04,559 --> 00:13:08,480 Speaker 1: think what you're seeing now is UH, you're likely to 228 00:13:08,480 --> 00:13:13,080 Speaker 1: get more I think continuing momentum in those negotiations UM. 229 00:13:13,120 --> 00:13:15,560 Speaker 1: I think from a market's perspective, you've got some good 230 00:13:15,559 --> 00:13:18,040 Speaker 1: news potentially out of out of those project talks. At 231 00:13:18,080 --> 00:13:20,280 Speaker 1: the at the end of the day, UM, it was 232 00:13:20,320 --> 00:13:21,959 Speaker 1: a risk off day today, but it was a pretty 233 00:13:22,000 --> 00:13:25,520 Speaker 1: milds and I don't think there's much to worry about that. 234 00:13:25,559 --> 00:13:27,400 Speaker 1: I want to get to the geopolitics coming up, but 235 00:13:27,480 --> 00:13:30,640 Speaker 1: first let's start on the vaccination front, because the Sunday 236 00:13:30,679 --> 00:13:34,000 Speaker 1: shows really driving some of the conversation for the markets 237 00:13:34,600 --> 00:13:37,760 Speaker 1: over the weekend, and I think it bears repeating. Secretary 238 00:13:37,800 --> 00:13:42,640 Speaker 1: of Health Alex Azar said to ABC on Sunday this 239 00:13:42,720 --> 00:13:46,360 Speaker 1: week that vaccine could be available to everyone in the 240 00:13:46,440 --> 00:13:49,599 Speaker 1: US by the second quarter. Here is, we're going to 241 00:13:49,679 --> 00:13:52,080 Speaker 1: focus on those most vulnerable and those most on the 242 00:13:52,080 --> 00:13:54,680 Speaker 1: front lines of treating people with COVID with the initial 243 00:13:54,720 --> 00:13:57,680 Speaker 1: forty million doses in the next month, and then we're 244 00:13:57,679 --> 00:14:00,559 Speaker 1: just gonna progressively keep adding more and more people. So 245 00:14:00,920 --> 00:14:03,520 Speaker 1: be thinking in the February March time frame that you're 246 00:14:03,520 --> 00:14:06,240 Speaker 1: going to see more general vaccination and by the second 247 00:14:06,320 --> 00:14:08,600 Speaker 1: quarter of next year, we'll we'll have enough vaccine for 248 00:14:08,640 --> 00:14:11,719 Speaker 1: every American that wants it. Trevor Hanger, you hear the 249 00:14:11,760 --> 00:14:16,360 Speaker 1: sound on that, and how are the markets interpreting that 250 00:14:16,480 --> 00:14:19,600 Speaker 1: timetable as well as the competing timetables from the likes 251 00:14:19,600 --> 00:14:23,040 Speaker 1: of Dr Anthony Fauci who are saying the vaccination might 252 00:14:23,080 --> 00:14:25,400 Speaker 1: not come for for the mass public until the third 253 00:14:25,480 --> 00:14:29,720 Speaker 1: quarter of next year. I think that remains more than 254 00:14:29,760 --> 00:14:36,080 Speaker 1: cautious optimism within markets around UM, vaccine distribution UM and 255 00:14:36,160 --> 00:14:39,800 Speaker 1: sort of mass you know, inoculation. That way, I think 256 00:14:39,840 --> 00:14:42,320 Speaker 1: it was Goldman who over the weekend UM didn't really 257 00:14:42,400 --> 00:14:46,000 Speaker 1: ramp up there tasts so much as they pulled forward 258 00:14:46,400 --> 00:14:49,800 Speaker 1: those growth estimates UM, really focusing on, you know, a 259 00:14:49,800 --> 00:14:52,640 Speaker 1: better first quarter and a better second quarter. UM, you know, 260 00:14:52,760 --> 00:14:55,120 Speaker 1: better first half. I guess you'd say, rather than UM, 261 00:14:55,480 --> 00:14:59,720 Speaker 1: watching that that GDP growth UH spread out a little 262 00:14:59,760 --> 00:15:02,400 Speaker 1: for are into the in the third quarter there. So 263 00:15:02,440 --> 00:15:04,400 Speaker 1: I think, you know, markets are are generally gonna be 264 00:15:04,440 --> 00:15:07,680 Speaker 1: optimistic about this, and I think, UM, they're they're inclined 265 00:15:07,720 --> 00:15:10,440 Speaker 1: to believe that there's the makings of a plan in 266 00:15:10,480 --> 00:15:13,080 Speaker 1: place in the car administration. UM. But there's every reason 267 00:15:13,120 --> 00:15:16,320 Speaker 1: to believe that the transition of the Biden administration will 268 00:15:16,360 --> 00:15:19,840 Speaker 1: run smoothly on that front, and that the Biden administration 269 00:15:19,840 --> 00:15:22,360 Speaker 1: can hit the ground running and really see this this through. 270 00:15:22,760 --> 00:15:26,880 Speaker 1: Trevor hangers with us. He's a strategic advisor with Forbes 271 00:15:26,880 --> 00:15:29,800 Speaker 1: State Partners in Washington, d C. So that's what's happening 272 00:15:29,800 --> 00:15:33,160 Speaker 1: on the vaccination front. Now let's talk Congress because sent 273 00:15:33,240 --> 00:15:37,560 Speaker 1: a majority. Leader Mitch McConnell essentially speaking on the Senate 274 00:15:37,600 --> 00:15:42,960 Speaker 1: floor today calming some of the aids and legislative assistants 275 00:15:42,960 --> 00:15:46,880 Speaker 1: who were nervous that not reaching a government funding deal 276 00:15:47,360 --> 00:15:50,080 Speaker 1: by Friday at the stroke of midnight would launch into 277 00:15:50,120 --> 00:15:53,520 Speaker 1: a partial government shutdown. What Leader McConnell did today was 278 00:15:53,640 --> 00:15:55,720 Speaker 1: say they would kick the can down the road for 279 00:15:55,760 --> 00:15:59,680 Speaker 1: another week and that it would provide more time for 280 00:16:00,000 --> 00:16:05,160 Speaker 1: allmakers to negotiate a nine billion dollar fiscal stimulus that's 281 00:16:05,160 --> 00:16:10,080 Speaker 1: going to be attached to the government funding omnibus. So, Trevor, 282 00:16:10,120 --> 00:16:13,080 Speaker 1: I say all of that, because what are the markets 283 00:16:13,240 --> 00:16:18,320 Speaker 1: looking for in this week? For some certainty coming from 284 00:16:18,320 --> 00:16:22,800 Speaker 1: the halls of Congress. I think there's this element within 285 00:16:23,000 --> 00:16:25,240 Speaker 1: markets for investors, a little bit of this, you know, 286 00:16:25,640 --> 00:16:27,840 Speaker 1: because Lucy pull the football away again the way they 287 00:16:27,880 --> 00:16:31,720 Speaker 1: felt the time or October. And I gotta interrupt. I 288 00:16:31,800 --> 00:16:34,520 Speaker 1: gotta interrupt because I am a huge Snoopy comics fan, 289 00:16:34,680 --> 00:16:37,440 Speaker 1: and my godson Pete Nicks back home in Delco, he 290 00:16:37,560 --> 00:16:39,840 Speaker 1: dressed up as Charlie Brown. He's like for three and 291 00:16:39,840 --> 00:16:41,560 Speaker 1: a half years old, and he dressed up as Charlie Brown. 292 00:16:41,600 --> 00:16:43,520 Speaker 1: So anytime I hear that, I think of I think 293 00:16:43,520 --> 00:16:45,640 Speaker 1: of my gods. But go ahead, go ahead, sorry, not 294 00:16:45,680 --> 00:16:49,800 Speaker 1: that think it's a great comic universal analogy, right, and 295 00:16:49,800 --> 00:16:51,360 Speaker 1: there's and there's some truth to it. I think, you know, 296 00:16:51,440 --> 00:16:55,320 Speaker 1: markets are are more accustomed maybe now to uh, to 297 00:16:55,560 --> 00:16:57,880 Speaker 1: distance than they were a couple of months ago, and 298 00:16:57,920 --> 00:17:01,480 Speaker 1: I think they're expecting to get something done here. I 299 00:17:01,520 --> 00:17:03,720 Speaker 1: think that it's important to remember that there are a 300 00:17:03,760 --> 00:17:05,680 Speaker 1: lot of moving parts to this. As you mentioned, it's 301 00:17:05,720 --> 00:17:09,440 Speaker 1: not just the fiscal stimulus bill, and there's obviously still 302 00:17:09,520 --> 00:17:13,080 Speaker 1: some um, some negotiating to be done there. You've also got, 303 00:17:13,119 --> 00:17:16,840 Speaker 1: you know, the budget negotiations that are taking place separately. 304 00:17:16,840 --> 00:17:19,480 Speaker 1: You've got you know, trying to put the finishing touches 305 00:17:19,480 --> 00:17:21,360 Speaker 1: on the n D A A UM. And so there's 306 00:17:21,359 --> 00:17:22,960 Speaker 1: a lot going on to try and wrap up here. 307 00:17:22,960 --> 00:17:25,040 Speaker 1: In the last couple of weeks, I think, you know, 308 00:17:25,080 --> 00:17:28,520 Speaker 1: Congress has gotten pretty comfortable with the idea of passing 309 00:17:28,520 --> 00:17:31,760 Speaker 1: these short term continuing resolutions to keep the government open 310 00:17:32,200 --> 00:17:35,080 Speaker 1: as they hammer out these final uh you know, these 311 00:17:35,280 --> 00:17:39,199 Speaker 1: final terms here um, kind of inside the ten yard line. UM. 312 00:17:39,320 --> 00:17:43,240 Speaker 1: I think you know, all the major players in these 313 00:17:43,280 --> 00:17:45,920 Speaker 1: negotiations are saying the right thing. You know, you highlighted 314 00:17:45,960 --> 00:17:48,680 Speaker 1: what UM sent the majority le to McConnell said today, 315 00:17:48,680 --> 00:17:50,720 Speaker 1: But I think you know, all parties involved seemed to 316 00:17:50,760 --> 00:17:53,080 Speaker 1: be saying the right things and taking the right steps 317 00:17:53,080 --> 00:17:55,920 Speaker 1: towards getting UM something significant done before the end of 318 00:17:55,960 --> 00:17:59,080 Speaker 1: the year. Let me ask you, usually the final question 319 00:17:59,160 --> 00:18:01,159 Speaker 1: is on the US in the front, but today it 320 00:18:01,240 --> 00:18:04,320 Speaker 1: was all about Brexit. What happened with Brexit today and 321 00:18:04,359 --> 00:18:09,119 Speaker 1: why didn't impact the markets? So you know there is 322 00:18:09,280 --> 00:18:12,679 Speaker 1: a you know, we've we've talked or shouldn't we but 323 00:18:12,800 --> 00:18:14,959 Speaker 1: you know markets have thought a bottled a long time 324 00:18:14,960 --> 00:18:16,920 Speaker 1: around this and these ideas that these dropped dead dates 325 00:18:16,920 --> 00:18:21,400 Speaker 1: around negotiations UM on something like Brexit, and they don't 326 00:18:21,400 --> 00:18:25,200 Speaker 1: necessarily mean what they sound like. These dropped dead deadlines 327 00:18:25,200 --> 00:18:27,960 Speaker 1: are sort of artificial sometimes UM. Sometimes they're sort of 328 00:18:28,160 --> 00:18:30,960 Speaker 1: forced mechanisms to get people to the table and and 329 00:18:31,000 --> 00:18:33,960 Speaker 1: really drill down UM to get things done. You know 330 00:18:34,840 --> 00:18:38,520 Speaker 1: early so does to really look like a true deadline 331 00:18:38,560 --> 00:18:42,000 Speaker 1: for a no deal brexit UM and the UK government 332 00:18:42,000 --> 00:18:43,800 Speaker 1: has been saying that they don't have any intention to 333 00:18:43,840 --> 00:18:46,800 Speaker 1: negotiate at the end of the year UM and really 334 00:18:46,840 --> 00:18:49,359 Speaker 1: put some heat on you to try and come to 335 00:18:49,400 --> 00:18:53,200 Speaker 1: the table um and hammer something out this week. Again, 336 00:18:53,240 --> 00:18:56,600 Speaker 1: I think a lot of that's posturing and um, you know, 337 00:18:56,640 --> 00:19:00,600 Speaker 1: and there's there's some some truth to be as emergency, 338 00:19:00,640 --> 00:19:03,800 Speaker 1: but the reality is, you know, if today's deadline was Wednesday, 339 00:19:04,080 --> 00:19:06,879 Speaker 1: you know, Wednesday's deadline maybe a week from then. Um, 340 00:19:06,920 --> 00:19:09,480 Speaker 1: these things have a way of of pushing I think 341 00:19:09,520 --> 00:19:14,040 Speaker 1: quite frankly, investors are pretty tired of you know who 342 00:19:14,040 --> 00:19:17,080 Speaker 1: else is tired of the Jonathan Pharaoh. Jonathan Farah wasn't 343 00:19:17,119 --> 00:19:19,440 Speaker 1: buying all of this noise either, So you and Jonathan 344 00:19:19,480 --> 00:19:23,120 Speaker 1: Trevor Hanger speaking from the same from the same playbook 345 00:19:23,160 --> 00:19:26,240 Speaker 1: on on that front. Trevor Hanger, strategic advisor with Forbes 346 00:19:26,280 --> 00:19:31,320 Speaker 1: Tate Partners in Washington, d C. Listen, I try to 347 00:19:31,359 --> 00:19:35,760 Speaker 1: follow Washington, you know, I follow bregsit but I'm more 348 00:19:35,760 --> 00:19:38,399 Speaker 1: into the Crown. I'm Kevin Surrey, Chief Washington correspondent for 349 00:19:38,400 --> 00:19:55,320 Speaker 1: Bloomberg TV and Radio. You're listening to Bloomberg nine. All 350 00:19:55,359 --> 00:19:58,000 Speaker 1: Talk here in Washington, d C. Turns to President elect 351 00:19:58,119 --> 00:20:01,000 Speaker 1: Joe Biden's administration. The story play speaking the markets that 352 00:20:01,080 --> 00:20:04,320 Speaker 1: performed better when there is divided government. The biggest pressure 353 00:20:04,440 --> 00:20:08,159 Speaker 1: for physical stimulus is an up taking cases. Bloomberg Sound 354 00:20:08,200 --> 00:20:12,640 Speaker 1: on the Insiders, the influencers, the inside riding has promised 355 00:20:12,760 --> 00:20:15,760 Speaker 1: again and again it he will unite the country's state 356 00:20:15,840 --> 00:20:18,800 Speaker 1: government's control elections US in the constitution. I think that 357 00:20:18,880 --> 00:20:23,280 Speaker 1: we can expect a smooth, thoughtful, methodical transition. This is 358 00:20:23,320 --> 00:20:28,960 Speaker 1: Bloomberg Sound On with Kevin Shirley on Bloomberg Radio. Congressional 359 00:20:28,960 --> 00:20:33,760 Speaker 1: talks on stimulus are slowing, but the government shutdown deadline 360 00:20:33,840 --> 00:20:37,440 Speaker 1: is going to be delayed. This as US COVID deaths 361 00:20:38,240 --> 00:20:43,440 Speaker 1: now match April peak, with hospitals still filling fast. We've 362 00:20:43,480 --> 00:20:47,119 Speaker 1: got a lot to get through, including an interview with 363 00:20:47,200 --> 00:20:50,960 Speaker 1: Senator Ben Carton, a Democrat from Maryland, who will call 364 00:20:51,000 --> 00:20:54,920 Speaker 1: in this hour. The US is now averaging about as 365 00:20:54,960 --> 00:20:58,359 Speaker 1: many deaths per day from COVID nineteen as it was 366 00:20:58,440 --> 00:21:02,199 Speaker 1: in April when the pandemic ambushed the New York City area. 367 00:21:02,560 --> 00:21:06,440 Speaker 1: And we've got sound on that topic, specifically coming from 368 00:21:06,560 --> 00:21:10,200 Speaker 1: Dr Anthony Fauci, who spoke with New York Governor Andrew 369 00:21:10,200 --> 00:21:16,400 Speaker 1: Cuomo earlier. Without substantial mitigation, the middle of January can 370 00:21:16,480 --> 00:21:20,720 Speaker 1: be a really dark time for US. Meanwhile, Secretary of 371 00:21:20,760 --> 00:21:25,040 Speaker 1: Health alex Asar told ABC's This Week on Sunday that 372 00:21:25,119 --> 00:21:28,960 Speaker 1: the COVID nineteen vaccine could be available to everyone by 373 00:21:28,960 --> 00:21:33,000 Speaker 1: the second quarter of We're going to focus on those 374 00:21:33,040 --> 00:21:35,320 Speaker 1: most vulnerable and those most on the front lines of 375 00:21:35,320 --> 00:21:38,359 Speaker 1: treating people with COVID with the initial forty million doses 376 00:21:38,400 --> 00:21:41,280 Speaker 1: in the next month, and then we're just gonna progressively 377 00:21:41,359 --> 00:21:44,119 Speaker 1: keep adding more and more people. So be thinking in 378 00:21:44,160 --> 00:21:46,560 Speaker 1: the February March time frame that you're going to see 379 00:21:46,600 --> 00:21:49,680 Speaker 1: more general vaccination, and by the second quarter of next year, 380 00:21:49,720 --> 00:21:53,880 Speaker 1: we'll we'll have enough vaccine for every American that wants it. Meanwhile, 381 00:21:54,000 --> 00:21:56,240 Speaker 1: here in Washington, d C. In the halls of Congress, 382 00:21:56,600 --> 00:22:01,120 Speaker 1: Republicans and Democrats are still increasingly optimists stick of reaching 383 00:22:01,160 --> 00:22:04,080 Speaker 1: some type of fiscal stimulus deal by the end of 384 00:22:04,080 --> 00:22:08,280 Speaker 1: the year, and Senator Bill Cassidy, of Republican from Louisiana 385 00:22:08,359 --> 00:22:12,960 Speaker 1: told Fox News on Sunday that he is himself thinking 386 00:22:13,040 --> 00:22:16,160 Speaker 1: that this deal could get done sooner rather than later. Now, 387 00:22:16,280 --> 00:22:19,080 Speaker 1: neither of said, hell, we'll sign your bill. That's fair. 388 00:22:19,119 --> 00:22:22,440 Speaker 1: We have final language. Our final language, Chris, will probably 389 00:22:22,480 --> 00:22:25,639 Speaker 1: come out earlier this week, earlier this week, and so 390 00:22:25,680 --> 00:22:28,160 Speaker 1: then people can look at it and we can modify 391 00:22:28,200 --> 00:22:31,920 Speaker 1: it as needed. But the indications I get the pain 392 00:22:32,000 --> 00:22:35,840 Speaker 1: of the American people is driving this, and I'm optimistic 393 00:22:35,880 --> 00:22:38,000 Speaker 1: that both those leaders will come on board. And I 394 00:22:38,040 --> 00:22:41,000 Speaker 1: want to note that Senate Majority Leader Mitch McConnell spoke 395 00:22:41,040 --> 00:22:44,199 Speaker 1: on the Senate floor earlier today and he said that 396 00:22:44,240 --> 00:22:47,280 Speaker 1: if the lawmakers are not able to reach a government 397 00:22:47,359 --> 00:22:51,840 Speaker 1: funding deal by the Friday deadline on December eleven, that 398 00:22:52,040 --> 00:22:56,640 Speaker 1: lawmakers would sign a one week extension. Remember, the Omnibus 399 00:22:56,720 --> 00:23:00,240 Speaker 1: and the fiscal stimulus package are being lumped to other 400 00:23:00,600 --> 00:23:03,720 Speaker 1: which has made the process just a bit more complex. 401 00:23:03,720 --> 00:23:07,040 Speaker 1: But again some positive comments coming from both Leader McConnell 402 00:23:07,400 --> 00:23:11,320 Speaker 1: and Speaker Pelosi. Michael Hardaway is the founder of Hardaway Wire. 403 00:23:11,720 --> 00:23:15,560 Speaker 1: He is a political strategist and former spokesman for Congressman 404 00:23:15,640 --> 00:23:19,720 Speaker 1: Hakim Jefferies, a Democrat. And Matt Gorman is vice president 405 00:23:19,760 --> 00:23:24,919 Speaker 1: at Targeted Victory and former n RCC communications director. Matt Gorman, 406 00:23:25,600 --> 00:23:29,560 Speaker 1: I'll start with you. The optimism coming from Leader McConnell 407 00:23:30,359 --> 00:23:33,800 Speaker 1: is that ultimately this will get done. Is that what 408 00:23:33,840 --> 00:23:39,320 Speaker 1: you're hearing from senators? Yes? Uh, it's uh kind of 409 00:23:39,320 --> 00:23:42,320 Speaker 1: goes to McConnell's slogan, when you have the votes, you vote. 410 00:23:42,760 --> 00:23:47,040 Speaker 1: And this was whole very surprised because both Democrats Republicans. 411 00:23:47,080 --> 00:23:49,040 Speaker 1: You asked him a week ago, week and a half ago, 412 00:23:49,440 --> 00:23:53,720 Speaker 1: this wouldn't get done until January the earliest. There's momentum 413 00:23:53,720 --> 00:23:56,840 Speaker 1: behind this now, UM, and I think if you, if you, 414 00:23:56,960 --> 00:24:01,240 Speaker 1: as you talked to lawmakers and staff that I've talked to, UM, 415 00:24:01,320 --> 00:24:04,280 Speaker 1: this to the bottom up. Folks were demanding this. They 416 00:24:04,280 --> 00:24:07,359 Speaker 1: were talking to members of Congress and they realized that 417 00:24:07,440 --> 00:24:12,320 Speaker 1: six ways was untenable. So I am optimistic. Michael Hardaway. 418 00:24:12,359 --> 00:24:15,560 Speaker 1: I'm looking at the issue of funding for state and 419 00:24:15,640 --> 00:24:19,680 Speaker 1: local governments because that is has been the sticking point. 420 00:24:19,680 --> 00:24:23,320 Speaker 1: Democrats had wanted significantly more funds for state and local 421 00:24:23,359 --> 00:24:27,920 Speaker 1: governments than Republicans want. How are your how is the 422 00:24:28,040 --> 00:24:32,720 Speaker 1: Democratic Caucus coming around to this notion that nine eight 423 00:24:32,720 --> 00:24:36,560 Speaker 1: billion dollars might be as good as it gets. I 424 00:24:36,600 --> 00:24:40,359 Speaker 1: think Speaker pole Seed is in a tough position. There's 425 00:24:40,400 --> 00:24:45,040 Speaker 1: no way House Democrats can go home without significant state 426 00:24:45,080 --> 00:24:49,919 Speaker 1: and local funding and a significant UH stimulus check for 427 00:24:49,960 --> 00:24:53,399 Speaker 1: average people. Those are two things that over the past 428 00:24:53,440 --> 00:24:57,719 Speaker 1: eight to nine months, UM House Democrats have been hearing 429 00:24:57,760 --> 00:25:00,800 Speaker 1: from their constituents as it relates of what they want 430 00:25:00,920 --> 00:25:03,240 Speaker 1: and and all of the leadership means we had over 431 00:25:03,280 --> 00:25:06,719 Speaker 1: the past six months or so. That has been the 432 00:25:06,760 --> 00:25:10,240 Speaker 1: topic every single week as relates to those who areas 433 00:25:10,240 --> 00:25:13,840 Speaker 1: state and local government funding and stimulus checks and the 434 00:25:13,880 --> 00:25:16,960 Speaker 1: other pieces of this bill are important as well, of course, 435 00:25:17,080 --> 00:25:19,720 Speaker 1: P P P and others. But it's clear to me 436 00:25:19,840 --> 00:25:22,000 Speaker 1: that in terms of what Speaker ploths he has to 437 00:25:22,040 --> 00:25:26,520 Speaker 1: put together and getting enough votes, Uh, she's probably gonna 438 00:25:26,520 --> 00:25:28,600 Speaker 1: need to get some more state in local funding in there, 439 00:25:28,960 --> 00:25:31,359 Speaker 1: and she's really gonna have to figure out some way 440 00:25:31,520 --> 00:25:35,120 Speaker 1: to get stimulus checks in there for everyday Americans. Well, 441 00:25:35,160 --> 00:25:37,960 Speaker 1: I mean, it's interesting because to your point, Michael Hardaway, 442 00:25:38,040 --> 00:25:40,840 Speaker 1: Senator Bernie Sanders has come out and said that he 443 00:25:40,880 --> 00:25:46,720 Speaker 1: opposes the compromise because it doesn't have the individual stimulus checks. 444 00:25:47,200 --> 00:25:50,800 Speaker 1: Mac gorman, how is that going to be? Is that 445 00:25:50,840 --> 00:25:54,240 Speaker 1: going to be a political poison pill for Republicans should 446 00:25:54,720 --> 00:25:59,199 Speaker 1: these stimulus checks get in there? Uh No, I don't Uh, 447 00:25:59,520 --> 00:26:01,959 Speaker 1: I don't think it will right now? Is this whole 448 00:26:02,720 --> 00:26:08,040 Speaker 1: uh package negotiations negotiation has been about momentum this entire time, 449 00:26:08,640 --> 00:26:12,680 Speaker 1: um and I think as you're seeing now with the evictions, 450 00:26:12,760 --> 00:26:15,640 Speaker 1: people talking about how the eviction moratorial will be up 451 00:26:15,640 --> 00:26:20,760 Speaker 1: on January one, student loan moratoriament up on January one, 452 00:26:21,359 --> 00:26:25,480 Speaker 1: this has some momentum behind it. They'll be resistant right now. 453 00:26:26,000 --> 00:26:28,439 Speaker 1: I do think some form of this will be in 454 00:26:28,440 --> 00:26:31,440 Speaker 1: the final package, and even even from the White House perspective, 455 00:26:31,440 --> 00:26:32,840 Speaker 1: and now we're going to pivot to the White House 456 00:26:32,920 --> 00:26:36,920 Speaker 1: just quickly. White House top economic advisor Larry Cudlow said 457 00:26:36,960 --> 00:26:40,879 Speaker 1: earlier today that while President Trump has not endorsed the 458 00:26:40,960 --> 00:26:45,080 Speaker 1: nine billion dollar package, he would likely get on board 459 00:26:45,080 --> 00:26:47,280 Speaker 1: with it. I believe that this is what he said quote. 460 00:26:47,320 --> 00:26:50,000 Speaker 1: I believe that it is likely he will, but again, 461 00:26:50,320 --> 00:26:53,800 Speaker 1: it depends importantly on some of the policy details inside. 462 00:26:53,840 --> 00:26:56,520 Speaker 1: This is what Larry Cudlow said at a Washington Post 463 00:26:56,600 --> 00:26:58,720 Speaker 1: virtual event. We're going to check in with Tammy had 464 00:26:58,720 --> 00:27:01,040 Speaker 1: at one of the driving for is behind that event, 465 00:27:01,640 --> 00:27:06,240 Speaker 1: on the Cudlow event, but also on this new shake 466 00:27:06,320 --> 00:27:08,399 Speaker 1: up in the media world coming up later on in 467 00:27:08,400 --> 00:27:12,480 Speaker 1: the program. I bring this up Matt Gorman, vice president 468 00:27:12,480 --> 00:27:17,640 Speaker 1: a targeted victory and former NRCC communications director, because President 469 00:27:17,640 --> 00:27:21,840 Speaker 1: Trump seems more focused on Georgia and less. I don't 470 00:27:21,880 --> 00:27:23,960 Speaker 1: want to say engaged, but but he's leaving this to 471 00:27:24,080 --> 00:27:27,080 Speaker 1: leader McConnell on the fiscal stimulus front. Is that the 472 00:27:27,160 --> 00:27:30,640 Speaker 1: right assessment? It is? I mean when you look at 473 00:27:30,680 --> 00:27:33,679 Speaker 1: when Trump has gotten involved in granted, let's keep us 474 00:27:33,680 --> 00:27:36,720 Speaker 1: in mind when Trump messes things up on the hill. 475 00:27:37,080 --> 00:27:41,639 Speaker 1: He gets involved late. Remember the shutdown Omnibus where people 476 00:27:41,760 --> 00:27:43,760 Speaker 1: thought it was all secured and then he kind of 477 00:27:43,800 --> 00:27:48,040 Speaker 1: throws a ranch at late. However, um, the most successful 478 00:27:48,080 --> 00:27:51,200 Speaker 1: thing is presidency, which was tax reform, uh, at least 479 00:27:51,280 --> 00:27:55,760 Speaker 1: legislatively in and and um uh criminal justice reform he 480 00:27:55,840 --> 00:27:58,640 Speaker 1: left in the Hill they got they proved they had 481 00:27:58,680 --> 00:28:01,720 Speaker 1: the votes and forced him to sign something because he 482 00:28:01,760 --> 00:28:03,760 Speaker 1: just wants to get something done. He wants to sign 483 00:28:03,800 --> 00:28:07,719 Speaker 1: his name. So deferring to McConnell, um and in you know, 484 00:28:07,840 --> 00:28:11,280 Speaker 1: in turn Pelosi and others is a good sign for this. 485 00:28:11,400 --> 00:28:14,600 Speaker 1: The more he gets involved, the more hurdles will see. 486 00:28:14,880 --> 00:28:17,800 Speaker 1: All right, are either of you Washington football team or 487 00:28:18,280 --> 00:28:25,600 Speaker 1: Pittsburgh Steeler fans? I'm mouately not. I'm terribly terribly miserable 488 00:28:25,640 --> 00:28:27,959 Speaker 1: all the time. Who I wait, who, Matt, Who are 489 00:28:27,960 --> 00:28:32,840 Speaker 1: you a fan of the New York chet oh. Well, 490 00:28:33,000 --> 00:28:35,439 Speaker 1: Now Philadelphia, the city of brotherly Love, is having a 491 00:28:35,520 --> 00:28:39,240 Speaker 1: quarterback controversy, and listen. I'm team Jail and Arnst. That's 492 00:28:39,240 --> 00:28:41,440 Speaker 1: all I can say. I mean, you know who the most. 493 00:28:41,520 --> 00:28:43,480 Speaker 1: I say it once, I'll say it again. The most 494 00:28:43,520 --> 00:28:47,400 Speaker 1: popular player on a football team that's failing is the 495 00:28:47,440 --> 00:28:51,720 Speaker 1: backup quarterback. I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg 496 00:28:51,760 --> 00:28:54,280 Speaker 1: Television and for Bloomberg Radio. Coming up, we check in 497 00:28:54,360 --> 00:28:56,880 Speaker 1: with Senator Ben Cardon. You can download the Bloomberg Sound 498 00:28:56,960 --> 00:29:00,000 Speaker 1: On podcast on Apple it tunes at Bloomberg dot com 499 00:29:00,040 --> 00:29:02,800 Speaker 1: were by downloading the Bloomberg Business App. You can also 500 00:29:02,840 --> 00:29:05,600 Speaker 1: find me on Radio dot com, I Heart Radio, and 501 00:29:05,840 --> 00:29:24,080 Speaker 1: Spotify much more. Con I'm next, I'm Bloomberg listening to 502 00:29:24,160 --> 00:29:28,800 Speaker 1: Bloomberg Sound On with Kevin Surreley on Bloomberg and one 503 00:29:28,800 --> 00:29:31,520 Speaker 1: oh five point seven F M H D two. I'm 504 00:29:31,600 --> 00:29:35,440 Speaker 1: Kevin Cirelli. I'm the chief Aushington correspondent for Bloomberg Television 505 00:29:35,440 --> 00:29:38,760 Speaker 1: and for Bloomberg Radio. Just really a stellar panel today, folks. 506 00:29:38,760 --> 00:29:42,520 Speaker 1: Matt Gorman, vice president at Targeted Victory, and former NRCC 507 00:29:42,680 --> 00:29:47,080 Speaker 1: Communications directors with me. Michael Hardaway founder of Hardaway Wire, 508 00:29:47,160 --> 00:29:52,160 Speaker 1: political strategist and former spokesman for Congressman Hakeem Jefferis. Michael 509 00:29:52,440 --> 00:29:58,000 Speaker 1: recently just left working in Congress and he launched Hardaway Wire. UH, 510 00:29:58,160 --> 00:30:00,720 Speaker 1: and you know, it's it's worth real to have him 511 00:30:00,760 --> 00:30:03,240 Speaker 1: on for the hour and for him to contribute and 512 00:30:03,280 --> 00:30:08,160 Speaker 1: to join our rotation because he has just really such 513 00:30:08,680 --> 00:30:12,240 Speaker 1: such great perspective on the financial services sector and the 514 00:30:12,280 --> 00:30:17,280 Speaker 1: industry and UH and the inner workings of of of Congress. So, Michael, 515 00:30:17,280 --> 00:30:20,440 Speaker 1: I want to continue this discussion that we were having 516 00:30:20,480 --> 00:30:23,680 Speaker 1: about what's happening in the Lame Duck on fiscal stimulus. 517 00:30:23,680 --> 00:30:26,200 Speaker 1: But now let's spend it a little bit forward to 518 00:30:26,400 --> 00:30:30,880 Speaker 1: January one, when President elect Joe Biden is sworn in 519 00:30:31,040 --> 00:30:34,240 Speaker 1: and he's going to be pushing for there to be 520 00:30:34,920 --> 00:30:38,400 Speaker 1: more another round of stimulus. And even just in the 521 00:30:38,480 --> 00:30:42,360 Speaker 1: last couple of minutes, the the individual whom he's tapped 522 00:30:42,360 --> 00:30:45,680 Speaker 1: to lead the Treasury Department, Janet Yellen, has just tweeted 523 00:30:45,720 --> 00:30:50,400 Speaker 1: out that there needs to be even more infrastructure stimulus. 524 00:30:50,880 --> 00:30:55,920 Speaker 1: How are they going to get Republican votes after they 525 00:30:56,040 --> 00:30:59,400 Speaker 1: pass a nine eight billion dollars stimulus in the Lame 526 00:30:59,480 --> 00:31:03,840 Speaker 1: Duck for an another stimulus in January or February. That's 527 00:31:03,840 --> 00:31:06,280 Speaker 1: the sixty or four dollar question. The good news is 528 00:31:06,400 --> 00:31:09,080 Speaker 1: it might be like the two trillion dollar questions go ahead. 529 00:31:12,360 --> 00:31:14,480 Speaker 1: The good news here and the reason for optimism is 530 00:31:14,520 --> 00:31:17,800 Speaker 1: that Biden spent twenty four years in the Senate alongside 531 00:31:18,240 --> 00:31:21,960 Speaker 1: Mitch McConnell, and if anyone knows how to work with Mitch, 532 00:31:22,040 --> 00:31:24,840 Speaker 1: if anyone knows how to get things done, it would 533 00:31:24,840 --> 00:31:29,200 Speaker 1: be Biden. But to your point, if they passed something now, 534 00:31:29,920 --> 00:31:32,320 Speaker 1: I think it'll be tough to get McConnell on board 535 00:31:32,720 --> 00:31:35,640 Speaker 1: to come back and pass something again and cupe one 536 00:31:35,680 --> 00:31:37,960 Speaker 1: of next year. Now that being said, if we look 537 00:31:38,000 --> 00:31:40,840 Speaker 1: at two thousand and nine, is a blueprint for how 538 00:31:40,840 --> 00:31:43,200 Speaker 1: to start to turn economies around that aren't doing well. 539 00:31:43,600 --> 00:31:47,600 Speaker 1: I think the Reinvestment and Recovery Act UH passed under 540 00:31:47,600 --> 00:31:51,240 Speaker 1: President Obama, which was roughly eight hundred billion dollars. I 541 00:31:51,280 --> 00:31:55,120 Speaker 1: think that laid the significant foundation helped turn the economy around. 542 00:31:55,640 --> 00:31:59,360 Speaker 1: And I think right now we could use a similar effort. 543 00:31:59,800 --> 00:32:02,600 Speaker 1: And so I think that President Biden has to at 544 00:32:02,640 --> 00:32:08,320 Speaker 1: least consider another effort in this regard or an infrastructure package, 545 00:32:08,520 --> 00:32:11,360 Speaker 1: and he could use UH the House version as a 546 00:32:11,400 --> 00:32:15,360 Speaker 1: blueprint for that was about one point five billion dollars. 547 00:32:15,440 --> 00:32:17,479 Speaker 1: Let me follow up Michael Hardaway before we go up 548 00:32:17,560 --> 00:32:20,360 Speaker 1: head on down to Georgia with Mattrman mcgorman is already 549 00:32:20,360 --> 00:32:23,520 Speaker 1: down there in Georgia having barbecue, I guess, or whatever 550 00:32:23,560 --> 00:32:27,040 Speaker 1: the cuisine is for he's he's actually he's prepping for 551 00:32:27,080 --> 00:32:31,240 Speaker 1: my questions by watching Southern charm Uh. Michael Hardaway. In 552 00:32:31,360 --> 00:32:35,440 Speaker 1: terms of the specifics though, when you're when you're talking 553 00:32:35,440 --> 00:32:39,160 Speaker 1: to Congressman Hakeem Jeffreys or you're talking to Senator Dick Durbin, 554 00:32:39,200 --> 00:32:41,200 Speaker 1: both of whom you've worked for, when you're talking to 555 00:32:41,280 --> 00:32:44,720 Speaker 1: them or their staffs about who the Republicans are to 556 00:32:44,920 --> 00:32:48,840 Speaker 1: target for a Biden presidency to bring them over. Is 557 00:32:48,840 --> 00:32:51,360 Speaker 1: it Susan Collins? Is it Rob Portman? Who are the 558 00:32:51,360 --> 00:32:54,040 Speaker 1: swing vote Republicans in the Senate? In the new Congress. 559 00:32:54,640 --> 00:32:58,240 Speaker 1: It's interesting because I've actually had this conversation um this 560 00:32:58,280 --> 00:33:01,520 Speaker 1: week with a few offices as relates to how this 561 00:33:01,640 --> 00:33:04,000 Speaker 1: gets done, and I don't think it's really the Susan 562 00:33:04,000 --> 00:33:07,240 Speaker 1: Collins of the world. I think, you know, for instance, 563 00:33:07,400 --> 00:33:10,120 Speaker 1: if we're looking in the Senate, I think there is 564 00:33:10,120 --> 00:33:14,240 Speaker 1: a real appetite by some in Senate Republican leadership UM 565 00:33:14,280 --> 00:33:17,440 Speaker 1: to finally put together some sort of infrastructure plan. And 566 00:33:17,480 --> 00:33:20,560 Speaker 1: I think that from that perspective, it's a question of relationships. 567 00:33:20,560 --> 00:33:22,920 Speaker 1: And again that's when you go back to having a 568 00:33:22,920 --> 00:33:27,680 Speaker 1: President biden An office and having worked with UH Mr 569 00:33:27,720 --> 00:33:30,320 Speaker 1: McConnell for twenty four years, that being an advantage in 570 00:33:30,400 --> 00:33:33,640 Speaker 1: terms of getting the ball moving. As relates to the House, 571 00:33:33,720 --> 00:33:36,200 Speaker 1: I think there's also an appetite on the House Republican 572 00:33:36,280 --> 00:33:39,640 Speaker 1: side to get something real done UM in this regard, 573 00:33:39,760 --> 00:33:41,560 Speaker 1: and I think that you know, you would look at 574 00:33:41,760 --> 00:33:45,000 Speaker 1: a chairman of King Jeffreys, you look at a Staney 575 00:33:45,040 --> 00:33:48,640 Speaker 1: Hoyer to work with Kevin McCarthy and to work with 576 00:33:49,200 --> 00:33:51,680 Speaker 1: Mrs Scalise on getting something done. I do think there 577 00:33:51,760 --> 00:33:54,560 Speaker 1: is a real appetite there UM, and I think that 578 00:33:54,640 --> 00:33:57,760 Speaker 1: it's something that you know, you can make the argument 579 00:33:57,800 --> 00:34:02,360 Speaker 1: as relates to the most a higher effect and stimulus advantage. 580 00:34:02,480 --> 00:34:04,520 Speaker 1: You can also make the argument as it relates to 581 00:34:05,480 --> 00:34:08,319 Speaker 1: millions of jobs being created through that avenue. And I 582 00:34:08,320 --> 00:34:11,160 Speaker 1: think it's a win win for both parties. And I'm optimistic, 583 00:34:11,160 --> 00:34:15,399 Speaker 1: but I do think getting something done now UH does 584 00:34:15,560 --> 00:34:18,719 Speaker 1: mitigate the chances of getting something done in Q one 585 00:34:18,760 --> 00:34:21,279 Speaker 1: of next year. Interesting mcwarman, let me ask you the 586 00:34:21,320 --> 00:34:23,759 Speaker 1: same question, is that is the way to get Republicans 587 00:34:23,800 --> 00:34:27,480 Speaker 1: on board and abiden administration to pitch the issue of 588 00:34:27,560 --> 00:34:31,120 Speaker 1: national security, to talk about infrastructure through the lens of 589 00:34:31,120 --> 00:34:35,720 Speaker 1: digital infrastructure from a national security perspective. I think, quite frankly, 590 00:34:36,000 --> 00:34:38,640 Speaker 1: that would find an audience based upon the conversations that 591 00:34:38,719 --> 00:34:41,840 Speaker 1: I have with people, even like Senator Lindsey Graham before 592 00:34:41,960 --> 00:34:46,319 Speaker 1: they start talking about the deficit concerns. Sure, but I 593 00:34:46,320 --> 00:34:50,160 Speaker 1: think it's also jobs. You know, look back in the day, 594 00:34:50,280 --> 00:34:54,000 Speaker 1: it was earmarks were used for potholes and bridges and 595 00:34:54,600 --> 00:34:57,680 Speaker 1: things of that nature. Right, And so keep in mind 596 00:34:57,680 --> 00:35:00,480 Speaker 1: the broader Senate landscape, you have a public kins. I 597 00:35:00,520 --> 00:35:03,319 Speaker 1: wouldn't say it's a bad cycle for them, but there's 598 00:35:03,360 --> 00:35:06,880 Speaker 1: some challenging states for them. Pennsylvania isn't going to be 599 00:35:06,920 --> 00:35:09,560 Speaker 1: an open Senate seat. North Carolina is gonna be an 600 00:35:09,560 --> 00:35:12,000 Speaker 1: open Senate See, you have both Richard Burr and Pat 601 00:35:12,040 --> 00:35:16,440 Speaker 1: Toomey retiring respectively. Ohio. Portman is a pretty good position, 602 00:35:16,440 --> 00:35:18,319 Speaker 1: but he's always someone who likes to kind of really 603 00:35:18,360 --> 00:35:20,279 Speaker 1: try and run up the score. And so you want 604 00:35:20,320 --> 00:35:22,560 Speaker 1: to talk about people who you could pick off to 605 00:35:22,800 --> 00:35:26,359 Speaker 1: me and Burr are retiring portman who even though he's 606 00:35:26,360 --> 00:35:29,359 Speaker 1: a deficit hawk, um, you know, is someone who can 607 00:35:29,400 --> 00:35:32,719 Speaker 1: wants to get things done and have tangible things to 608 00:35:32,719 --> 00:35:35,920 Speaker 1: show the people of Ohio. So as these guys go 609 00:35:36,040 --> 00:35:39,920 Speaker 1: into their reelex or you know whatever, or there the 610 00:35:39,960 --> 00:35:44,480 Speaker 1: sunset of their careers, having tangible things from infrastructure package, 611 00:35:44,840 --> 00:35:48,640 Speaker 1: having jobs, possibly you know, the Pat to Me Memorial 612 00:35:48,680 --> 00:35:51,880 Speaker 1: Bridge wherever the hell he's from. Uh could be something 613 00:35:51,880 --> 00:35:54,760 Speaker 1: that is really impactful. And I would watch their boats. 614 00:35:55,000 --> 00:35:57,560 Speaker 1: All right. Interesting, And now I want to head on 615 00:35:57,600 --> 00:35:59,479 Speaker 1: down to Georgia and we'll talk about this more coming 616 00:35:59,560 --> 00:36:02,480 Speaker 1: up and and and and in just a couple of 617 00:36:02,480 --> 00:36:04,840 Speaker 1: minutes we're going to hear from Senator Benkard and Democrat 618 00:36:04,880 --> 00:36:07,400 Speaker 1: from Maryland, so we'll pick his brain as well on 619 00:36:07,560 --> 00:36:11,400 Speaker 1: the fiscal stimulus front. But there was a debate in Georgia, 620 00:36:11,600 --> 00:36:14,000 Speaker 1: and and let's hear a little bit from the Democratic 621 00:36:14,040 --> 00:36:18,440 Speaker 1: contender John ausof Ausuf who criticized Senator David Purdue. Here 622 00:36:18,640 --> 00:36:22,440 Speaker 1: is the reason that we are losing thousands of people 623 00:36:22,520 --> 00:36:25,480 Speaker 1: per day to this virus is because of the arrogance 624 00:36:25,520 --> 00:36:30,120 Speaker 1: of politicians like David Purdue, so arrogant that he disregarded 625 00:36:30,200 --> 00:36:33,799 Speaker 1: public health expertise, and so arrogant that he's not with 626 00:36:33,880 --> 00:36:38,000 Speaker 1: us here today to answer questions. So Austaf criticized Perdue. 627 00:36:38,040 --> 00:36:41,120 Speaker 1: And then you've got the other ace, Senator Kelly Leffler. Uh. 628 00:36:41,160 --> 00:36:44,960 Speaker 1: She was attacking uh Raphael Warnock, but she also had 629 00:36:45,000 --> 00:36:49,000 Speaker 1: this to say about President Trump. The President has the 630 00:36:49,080 --> 00:36:51,759 Speaker 1: right to pursue every legal recourse to make sure that 631 00:36:51,800 --> 00:36:54,680 Speaker 1: this was a free and fair election in Georgia. And 632 00:36:54,719 --> 00:36:57,480 Speaker 1: we know that these audits have turned up thousands of 633 00:36:57,560 --> 00:37:00,719 Speaker 1: votes that were initially uncounted, and I've called for a 634 00:37:00,800 --> 00:37:04,200 Speaker 1: signature audit, and the buck stops with the Secretary of State. 635 00:37:05,080 --> 00:37:09,520 Speaker 1: It is turning into a political battle in the peach State. 636 00:37:09,680 --> 00:37:13,080 Speaker 1: Much more coming up next, including Senator Ben Carton. I'm 637 00:37:13,160 --> 00:37:17,840 Speaker 1: Kevin Cirelli, Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. 638 00:37:17,840 --> 00:37:27,840 Speaker 1: And you're listening to Bloomberg. You're listening to Bloomberg Sound 639 00:37:27,880 --> 00:37:31,919 Speaker 1: On with Kevin Surrele on Bloomberg and one oh five 640 00:37:31,920 --> 00:37:35,080 Speaker 1: point seven f m h D two. I'm Kevin SERELLI, 641 00:37:35,200 --> 00:37:39,920 Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 642 00:37:41,520 --> 00:37:47,759 Speaker 1: Maryland lost a political icon today as Maryland's former longtime 643 00:37:47,880 --> 00:37:51,640 Speaker 1: U S. Senator Paul Sarbain's passed away at the age 644 00:37:52,000 --> 00:37:55,680 Speaker 1: of eight seven, and the news was first announced by 645 00:37:55,680 --> 00:37:59,359 Speaker 1: his son and current US Congressman John Joining us on 646 00:37:59,360 --> 00:38:05,360 Speaker 1: the line is now the late Senator Sarbanes successor, Senator 647 00:38:05,400 --> 00:38:08,319 Speaker 1: Ben Hardon, Democrat for Maryland. Senator, thank you so much 648 00:38:08,320 --> 00:38:10,440 Speaker 1: for joining us, and I just want to offer you 649 00:38:10,480 --> 00:38:15,080 Speaker 1: the opportunity to to uh put in perspective just how 650 00:38:15,160 --> 00:38:20,760 Speaker 1: much influence he had. Well, Kevin First, thank you, Senator 651 00:38:20,800 --> 00:38:23,759 Speaker 1: Starvings with a giant for with an incredible loss for 652 00:38:23,800 --> 00:38:27,320 Speaker 1: our country, a great loss in Maryland, personal loss to me. 653 00:38:28,120 --> 00:38:31,000 Speaker 1: We were first elected to the state legislature together in 654 00:38:31,680 --> 00:38:34,720 Speaker 1: sixty six, that we've been friends for a long long time. 655 00:38:35,239 --> 00:38:38,719 Speaker 1: To me, he was a model legislator. He was the 656 00:38:39,040 --> 00:38:41,759 Speaker 1: type of person you wanted to emulate. He had a 657 00:38:41,760 --> 00:38:46,520 Speaker 1: commitment to public service the highest integrity, left an incredible legacy, 658 00:38:47,239 --> 00:38:51,920 Speaker 1: a wonderful individual, always well prepared, respected by all, and 659 00:38:52,000 --> 00:38:54,839 Speaker 1: able to get so many things accomplished for the people 660 00:38:54,880 --> 00:38:57,120 Speaker 1: of this nation. Uh, and he's going to be sorely 661 00:38:57,160 --> 00:39:02,719 Speaker 1: missed precisely. Meanwhile, currently, I think I think it's a 662 00:39:02,719 --> 00:39:05,680 Speaker 1: really good example of Republicans and Democrats being able to 663 00:39:05,719 --> 00:39:09,000 Speaker 1: work together, especially as as you know, Senator, folks are 664 00:39:09,000 --> 00:39:13,319 Speaker 1: having this discussion, you're very much involved in the negotiations 665 00:39:13,360 --> 00:39:16,920 Speaker 1: of there being another round of fiscal stimulus. What can 666 00:39:16,960 --> 00:39:19,040 Speaker 1: you tell us in terms of the timeline in the 667 00:39:19,120 --> 00:39:23,640 Speaker 1: lame Duck for when that fiscal stimulus might come about. Well, 668 00:39:23,680 --> 00:39:26,440 Speaker 1: you're right about that. We are trying to work uh 669 00:39:27,000 --> 00:39:30,320 Speaker 1: deal out hopefully and get it done as quickly as possible. 670 00:39:30,320 --> 00:39:33,200 Speaker 1: I was on the phone today with my counterpart on 671 00:39:33,320 --> 00:39:35,759 Speaker 1: small business under Rubio and an effort to try to 672 00:39:35,760 --> 00:39:39,319 Speaker 1: resolve any of the issues involving small business. We need 673 00:39:39,360 --> 00:39:41,239 Speaker 1: to get a bill done, and we've got to get 674 00:39:41,280 --> 00:39:44,680 Speaker 1: it done now. And I am hopeful that this bipartisan 675 00:39:44,760 --> 00:39:47,080 Speaker 1: group that came up what's what's known as the nine 676 00:39:47,080 --> 00:39:50,600 Speaker 1: o eight recommendation nine eight billion dollars that we can 677 00:39:50,719 --> 00:39:53,239 Speaker 1: use as a framework and get it done UH in 678 00:39:53,360 --> 00:39:57,400 Speaker 1: a bipartisan way to help not only small businesses, but 679 00:39:57,480 --> 00:40:00,000 Speaker 1: to help those are unemployed, to help state local government, 680 00:40:00,000 --> 00:40:03,319 Speaker 1: meant to help deal with the vaccine distributions, all the 681 00:40:03,480 --> 00:40:06,719 Speaker 1: current issues that we really need to deal with. Senator 682 00:40:06,800 --> 00:40:10,279 Speaker 1: Ben Cardon's with US Democrat from Maryland, and he is 683 00:40:10,320 --> 00:40:13,520 Speaker 1: the ranking member of the Senate Subcommittee on Foreign Relations 684 00:40:13,520 --> 00:40:16,560 Speaker 1: that overseas democracy and human rights, and the chairman of 685 00:40:16,600 --> 00:40:20,680 Speaker 1: that subcommittee as Senator Marco Rubio, the Republican from Florida. 686 00:40:20,760 --> 00:40:24,799 Speaker 1: What specifically, Senator Cardon, do you and Senator Rubio want 687 00:40:24,840 --> 00:40:27,600 Speaker 1: to see get into the weeds for us for small businesses, 688 00:40:27,640 --> 00:40:29,600 Speaker 1: because that's what I hear about the most from people 689 00:40:29,840 --> 00:40:34,120 Speaker 1: around town. Both small businesses need another round of p 690 00:40:34,280 --> 00:40:37,080 Speaker 1: p P. That was the paycheck Protection program that was 691 00:40:37,160 --> 00:40:39,800 Speaker 1: so valuable when we passed it in mid March kept 692 00:40:39,920 --> 00:40:43,360 Speaker 1: small businesses alive, but we thought the pandemic would be 693 00:40:43,400 --> 00:40:46,080 Speaker 1: over with by the summer. It was not. They need 694 00:40:46,120 --> 00:40:48,440 Speaker 1: a second round of help, and we both agree we 695 00:40:48,480 --> 00:40:51,120 Speaker 1: need to target it to the smaller of the small 696 00:40:51,160 --> 00:40:54,760 Speaker 1: businesses and those that really had a significant revenue loss 697 00:40:55,160 --> 00:40:58,239 Speaker 1: as a result of COVID nineteen. But we also need 698 00:40:58,239 --> 00:41:03,080 Speaker 1: to target the specific grant programs under the Economic Injury 699 00:41:03,120 --> 00:41:07,080 Speaker 1: Disaster Program for small companies, and we have suggested a 700 00:41:07,080 --> 00:41:11,000 Speaker 1: program that would help with direct grants to those companies 701 00:41:11,000 --> 00:41:14,120 Speaker 1: that keep them alive. Otherwise we're gonna see as many 702 00:41:14,160 --> 00:41:17,160 Speaker 1: as one out of every three small businesses UH fold 703 00:41:17,239 --> 00:41:20,600 Speaker 1: and and not reopen if we don't provide some some 704 00:41:20,680 --> 00:41:24,479 Speaker 1: significant help. We also have those businesses that rely upon 705 00:41:24,640 --> 00:41:29,600 Speaker 1: large gatherings, the entertainment venues, the live entertainment issues, and 706 00:41:29,719 --> 00:41:32,280 Speaker 1: we think we should provide some direct help to those 707 00:41:32,440 --> 00:41:37,000 Speaker 1: UH venues that depend upon large gatherings UH to provide 708 00:41:37,040 --> 00:41:39,640 Speaker 1: some help. So there are there are a variety of 709 00:41:39,640 --> 00:41:42,440 Speaker 1: programs that we believe that we should be able to 710 00:41:42,640 --> 00:41:46,120 Speaker 1: come together and help, and we've got to get done soon. Grants, 711 00:41:46,160 --> 00:41:48,080 Speaker 1: that's what I hear. I mean, you just said it. Grants. 712 00:41:48,080 --> 00:41:51,160 Speaker 1: That's what the business community, main street really pushing forward. Grants, 713 00:41:51,239 --> 00:41:55,200 Speaker 1: not loans, grants. Let me ask you this, several Democrats 714 00:41:55,200 --> 00:41:58,200 Speaker 1: in your party are are apprehensive about a lack of 715 00:41:58,239 --> 00:42:00,200 Speaker 1: funding in the nine o A plan, the nine eight 716 00:42:00,200 --> 00:42:03,799 Speaker 1: billion dollar fiscal stimulus Plan, Senator, because of a lack 717 00:42:03,800 --> 00:42:06,920 Speaker 1: of funding for state and local governments. How do you 718 00:42:07,040 --> 00:42:10,239 Speaker 1: bring how do you keep democrats from from opposing this 719 00:42:10,400 --> 00:42:15,560 Speaker 1: over that particular thorny issue. Well, this bill is aimed 720 00:42:15,560 --> 00:42:18,880 Speaker 1: at getting us to the Biden administration. It's really aimed 721 00:42:18,920 --> 00:42:22,240 Speaker 1: as a bridge to UH for the next few months. 722 00:42:22,440 --> 00:42:26,360 Speaker 1: Recognizing that UH President Biden takes the oath of office 723 00:42:26,440 --> 00:42:28,879 Speaker 1: on January, it's going to take some time to get 724 00:42:28,960 --> 00:42:32,719 Speaker 1: legislation passed through through the Congress, so this can get 725 00:42:32,760 --> 00:42:35,080 Speaker 1: us through the next couple of months. It provides help 726 00:42:35,120 --> 00:42:38,240 Speaker 1: for state and local government, substantial help, but not everything 727 00:42:38,239 --> 00:42:41,240 Speaker 1: that they need, that's for sure. I've supported the Heroes 728 00:42:41,280 --> 00:42:44,279 Speaker 1: Act that provided much greater support, but it was a 729 00:42:44,360 --> 00:42:47,640 Speaker 1: longer term program. This is a short term program to 730 00:42:47,719 --> 00:42:50,680 Speaker 1: bridge the next few months and get us to the 731 00:42:50,760 --> 00:42:54,880 Speaker 1: leadership under President Biden to submit what is needed moving forward. 732 00:42:55,239 --> 00:42:59,920 Speaker 1: What about so let January President elect Joe Biden is 733 00:43:00,080 --> 00:43:03,560 Speaker 1: worn in. How does he he faces Maybe I know, 734 00:43:03,920 --> 00:43:06,440 Speaker 1: I don't want to say the Democrats are gonna lose Georgia, 735 00:43:06,480 --> 00:43:10,600 Speaker 1: But let's say hypothetically that he faces a Republican controlled Senate. 736 00:43:11,239 --> 00:43:13,640 Speaker 1: How does he which senators will be will he be 737 00:43:13,760 --> 00:43:18,920 Speaker 1: able to bring on board for another economic stimulus plan? Well, 738 00:43:18,960 --> 00:43:21,400 Speaker 1: I am hopeful that Democrats will win in Georgia, but 739 00:43:21,440 --> 00:43:23,239 Speaker 1: even if we win in Georgia, we need to work 740 00:43:23,239 --> 00:43:25,400 Speaker 1: across party line to get things done. That's how it 741 00:43:25,400 --> 00:43:28,960 Speaker 1: works in the United States Congress. And Joe Biden understands that. 742 00:43:29,239 --> 00:43:32,280 Speaker 1: He's a product of the United States Senate. He worked 743 00:43:32,280 --> 00:43:34,239 Speaker 1: across party line to get things done when he was 744 00:43:34,239 --> 00:43:36,960 Speaker 1: the United States Senator on he was Vice president, so 745 00:43:37,040 --> 00:43:40,480 Speaker 1: he recognizes to do bipartisan work, you need to bring 746 00:43:40,520 --> 00:43:44,120 Speaker 1: Democrats and Republicans together from the beginning to develop the 747 00:43:44,200 --> 00:43:47,040 Speaker 1: legislation that you need to solve the problems from this country, 748 00:43:47,080 --> 00:43:51,600 Speaker 1: whether it's COVID nineteen, our economy, the immigration issues, environment, 749 00:43:52,360 --> 00:43:55,640 Speaker 1: job growth, infrastructure, the list goes on and on and on. 750 00:43:56,480 --> 00:43:59,000 Speaker 1: Joe Biden understands the way to get this done for 751 00:43:59,040 --> 00:44:04,400 Speaker 1: the American people used to bring a broad a number 752 00:44:04,440 --> 00:44:07,640 Speaker 1: of members on both sides of the altogether to help 753 00:44:07,680 --> 00:44:11,440 Speaker 1: craft the solutions that can help solve these problems. Senator 754 00:44:11,480 --> 00:44:13,719 Speaker 1: Ben Cardon's on the line with us. He's a Democrat 755 00:44:13,880 --> 00:44:17,719 Speaker 1: from Maryland. We're talking about ways that Republicans and Democrats 756 00:44:17,760 --> 00:44:22,279 Speaker 1: are working together, even beyond the fiscal stimulus negotiations. I 757 00:44:22,360 --> 00:44:25,440 Speaker 1: was struck by this. You recently introduced a piece of 758 00:44:25,600 --> 00:44:30,080 Speaker 1: legislation with Senator Rob Portman, a Republican from Ohio. John Thune, 759 00:44:30,360 --> 00:44:34,600 Speaker 1: a Republican from South Dakota Bob Menendez, Democrat, New Jersey, 760 00:44:34,640 --> 00:44:40,280 Speaker 1: that would fund a COVID nineteen vaccination public advocacy campaign. 761 00:44:40,320 --> 00:44:43,760 Speaker 1: This is uncomfortable, but when I talked to to folks 762 00:44:43,760 --> 00:44:47,640 Speaker 1: around town, the question on the water cooler talk, the 763 00:44:47,680 --> 00:44:51,000 Speaker 1: socially distant water cooler talk, joking aside. Seriously, is are 764 00:44:51,000 --> 00:44:53,840 Speaker 1: you going to get the COVID vaccine once once it's happened. 765 00:44:54,040 --> 00:44:57,000 Speaker 1: I mean, that's what everybody's talking about. And now, how 766 00:44:57,040 --> 00:45:00,320 Speaker 1: do you convince the public to trust the vACC scene 767 00:45:00,360 --> 00:45:04,520 Speaker 1: once it is readily available? Senator, well, that's exactly right. 768 00:45:04,560 --> 00:45:08,000 Speaker 1: That's why we've come together by Parson group of Senators 769 00:45:08,040 --> 00:45:12,279 Speaker 1: for a public awareness campaign to understand the realities and 770 00:45:12,280 --> 00:45:15,760 Speaker 1: why vaccines are so important not only for your health, 771 00:45:15,760 --> 00:45:18,759 Speaker 1: but for our community's health. And I think that the 772 00:45:18,800 --> 00:45:23,160 Speaker 1: more public understands exactly the risk factors and benefit factors 773 00:45:23,200 --> 00:45:25,560 Speaker 1: that for the vast majority of Americans they would want 774 00:45:25,560 --> 00:45:28,200 Speaker 1: to take advantage of the vaccines. And that's the purpose 775 00:45:28,280 --> 00:45:31,839 Speaker 1: of our legislation to get that information out so that 776 00:45:31,960 --> 00:45:35,640 Speaker 1: Americans understand the importance of getting COVID nineteen under control. 777 00:45:36,080 --> 00:45:38,360 Speaker 1: Are based on the briefings that you have on the 778 00:45:38,440 --> 00:45:42,440 Speaker 1: vaccination front. Are you confident that the United States infrastructure 779 00:45:42,560 --> 00:45:48,000 Speaker 1: is prepared for a mass vaccination rollout in the coming months. Well, 780 00:45:48,040 --> 00:45:51,279 Speaker 1: I think the pharmaceutical companies have done a tremendous job 781 00:45:51,280 --> 00:45:53,480 Speaker 1: of developing the vaccines, and as we know, we're going 782 00:45:53,520 --> 00:45:56,880 Speaker 1: to get emergency use approval within the next matter of days, 783 00:45:57,320 --> 00:45:59,200 Speaker 1: so we're gonna stay. And we have already produced a 784 00:45:59,320 --> 00:46:02,440 Speaker 1: significant amount of the vaccine. But it's a challenge because 785 00:46:02,480 --> 00:46:06,239 Speaker 1: it only can be stored in very cold, cold temperatures. Uh, 786 00:46:06,480 --> 00:46:09,480 Speaker 1: you need to have a distribution system. That's fair. It's 787 00:46:09,520 --> 00:46:13,759 Speaker 1: now under President Trump's direction, controlled by the States. Once 788 00:46:13,840 --> 00:46:16,759 Speaker 1: it's distributed, I think you'll see a different plan come 789 00:46:16,840 --> 00:46:20,960 Speaker 1: up under President Biden that will be more directive as 790 00:46:21,000 --> 00:46:23,960 Speaker 1: to getting the vaccine and distributed throughout our country to 791 00:46:24,000 --> 00:46:28,600 Speaker 1: all communities. But yes, I'm convinced that we have the 792 00:46:28,600 --> 00:46:31,759 Speaker 1: product being manufactured in a safe manner and we'll have 793 00:46:31,840 --> 00:46:34,960 Speaker 1: it available, but the distribution is still going to be 794 00:46:35,000 --> 00:46:38,080 Speaker 1: a challenge and we need further direction, and I'm confident 795 00:46:38,120 --> 00:46:40,960 Speaker 1: that the Bide administration will provide that direction. All right, 796 00:46:41,040 --> 00:46:43,280 Speaker 1: My thanks to Senator Ben Cardon. He is a Democrat 797 00:46:43,320 --> 00:46:45,640 Speaker 1: from Maryland. He's also a Baltimore Ravens fan, and I 798 00:46:45,680 --> 00:46:48,840 Speaker 1: will say this, he was one of the instrumental folks 799 00:46:48,960 --> 00:46:52,719 Speaker 1: behind the scenes that helped UH link some of the 800 00:46:52,800 --> 00:46:55,560 Speaker 1: players as well as the players UH and and the 801 00:46:56,480 --> 00:47:01,520 Speaker 1: ownership of the Baltimore Ravens to the criminal reform conversation 802 00:47:01,560 --> 00:47:03,960 Speaker 1: that happened several years ago that ultimately led to the 803 00:47:04,000 --> 00:47:08,360 Speaker 1: bipartism passing of criminal justice reform. Senator Cardon was a 804 00:47:08,440 --> 00:47:11,160 Speaker 1: force behind that. My thanks to the Senator. Much more. 805 00:47:11,200 --> 00:47:14,040 Speaker 1: Coming up with the panel, I'm Kevin Cirelli, chief Washington 806 00:47:14,040 --> 00:47:17,720 Speaker 1: correspondent for Bloomberg Television and for Bloomberg Radio. You're listening 807 00:47:17,719 --> 00:47:41,320 Speaker 1: to Bloomberg. This is Bloomberg Sound On with Kevin Surrele 808 00:47:41,760 --> 00:47:45,560 Speaker 1: on Bloomberg and one or five point seven m h 809 00:47:45,680 --> 00:47:49,920 Speaker 1: D two. I'm Kevin Cirelli, chief Washington correspondent for Bloomberg 810 00:47:50,040 --> 00:47:54,040 Speaker 1: Television and for Bloomberg Radio. Michael Hardaway still with me, 811 00:47:54,080 --> 00:47:57,719 Speaker 1: founder of Hardaway Wire, political strategists and former spokesman to 812 00:47:57,840 --> 00:48:02,040 Speaker 1: Congressman Hakim Jeffreies, a Democrat, as well as Matt Gorman, 813 00:48:02,480 --> 00:48:07,960 Speaker 1: vice president at Targeted Victory and former NRCC communications director 814 00:48:08,000 --> 00:48:11,480 Speaker 1: We've been talking frequently about the fiscal stimulus talks through 815 00:48:11,520 --> 00:48:15,360 Speaker 1: the prism of the halls of Congress. But it's important 816 00:48:15,360 --> 00:48:18,880 Speaker 1: to note that White House top economic advisor Larry Cudlow 817 00:48:19,239 --> 00:48:23,000 Speaker 1: said Monday at a Washington Post Live event that President 818 00:48:23,000 --> 00:48:27,520 Speaker 1: Trump hasn't endorsed the bipartisan proposal, but would quote likely 819 00:48:28,160 --> 00:48:32,400 Speaker 1: end quote sign the nine hundred and eight billion dollar package, 820 00:48:32,440 --> 00:48:36,480 Speaker 1: though the details matter. Tammy had Ad cd O of 821 00:48:36,600 --> 00:48:39,239 Speaker 1: had Ad Media, is on the phone line with us. 822 00:48:39,360 --> 00:48:43,000 Speaker 1: She was paying careful attention to put it mildly so 823 00:48:43,080 --> 00:48:46,719 Speaker 1: that Larry Cudlow event at the Washington Post, And what 824 00:48:46,800 --> 00:48:51,279 Speaker 1: were you struck by, Tammy by Larry Cudlow's remarks about 825 00:48:51,320 --> 00:48:56,839 Speaker 1: where the president is on the fiscal negotiations. I was 826 00:48:56,960 --> 00:48:59,960 Speaker 1: not surprised by what he said. What he didn't say 827 00:49:00,360 --> 00:49:04,520 Speaker 1: was how involved the president is in these negotiations. He 828 00:49:04,600 --> 00:49:08,760 Speaker 1: said they've had multiple conversations. But he said that basically 829 00:49:08,840 --> 00:49:10,600 Speaker 1: they put it in. You know, he said that he 830 00:49:10,640 --> 00:49:14,120 Speaker 1: called Mitch McConnell the lead negotiator. Do you ever remember 831 00:49:14,120 --> 00:49:17,640 Speaker 1: the Trump White House calling anyone else a lead negotiator? 832 00:49:19,360 --> 00:49:22,040 Speaker 1: I don't. And it headline right there, it's a really 833 00:49:22,120 --> 00:49:25,080 Speaker 1: fascinating point because as President Trump has been campaigning in 834 00:49:25,120 --> 00:49:28,759 Speaker 1: Georgia ahead of the runoff elections, Leader McConnell as well 835 00:49:28,800 --> 00:49:32,279 Speaker 1: as Speaker Pelosi really doing the heavy lifting. And we 836 00:49:32,400 --> 00:49:35,839 Speaker 1: just heard that from Senator Ben Cardon. So again some 837 00:49:35,960 --> 00:49:39,200 Speaker 1: headline movement off from the Washington Post Live event that 838 00:49:39,239 --> 00:49:43,840 Speaker 1: White House top economic advisor Larry Cudlow spoke at earlier today, 839 00:49:43,920 --> 00:49:46,680 Speaker 1: in which he said that he's essentially leaving it to 840 00:49:46,960 --> 00:49:52,240 Speaker 1: to Leader McConnell to negotiate, uh, the nine billion dollar 841 00:49:52,680 --> 00:49:55,279 Speaker 1: fiscal stimulus deal. He said, what we all knew. All right, 842 00:49:55,600 --> 00:49:58,040 Speaker 1: it's time now for my favorite part of the program, 843 00:49:58,080 --> 00:50:01,160 Speaker 1: which is what is on the Handle's radar. I'm gonna 844 00:50:01,200 --> 00:50:04,120 Speaker 1: go first because I called up Tammy in the in 845 00:50:04,160 --> 00:50:06,040 Speaker 1: the last hour and said, I've got to pick your 846 00:50:06,040 --> 00:50:09,440 Speaker 1: brain on this because Tammy has advised and consulted and 847 00:50:09,520 --> 00:50:15,920 Speaker 1: been a producer with virtually every television network that exists. Um, 848 00:50:15,960 --> 00:50:19,279 Speaker 1: And there was a major major announcement in the Wall 849 00:50:19,280 --> 00:50:22,600 Speaker 1: Street Journal just this afternoon in a Wall Street Journal 850 00:50:22,600 --> 00:50:28,080 Speaker 1: News exclusive that MSNBC is going to name Rashida Jones president, 851 00:50:28,560 --> 00:50:32,360 Speaker 1: succeeding Phil Griffin. Tammy had at tell Us what we 852 00:50:32,440 --> 00:50:36,200 Speaker 1: know about this major media development. Well, I think it's 853 00:50:36,280 --> 00:50:40,360 Speaker 1: complete changing of the guard and what it is for viewers, 854 00:50:40,360 --> 00:50:43,200 Speaker 1: because it is all about the viewers, right, is that 855 00:50:43,480 --> 00:50:45,520 Speaker 1: everything is going to get shaken up. I think they're 856 00:50:45,520 --> 00:50:49,960 Speaker 1: going to go back to news driven programming, less opinion. 857 00:50:50,239 --> 00:50:53,360 Speaker 1: You know, people can only take so much handwringing and 858 00:50:53,440 --> 00:50:56,880 Speaker 1: just be clear for your audience. I'm an old hardball 859 00:50:57,040 --> 00:51:00,200 Speaker 1: executive producer, was political director of M S, M d C. 860 00:51:00,400 --> 00:51:05,279 Speaker 1: I'm all for MSNBC, but it's very hard to have handwringing, 861 00:51:05,400 --> 00:51:10,080 Speaker 1: you know, seven and to have the personalities very similar 862 00:51:10,120 --> 00:51:12,480 Speaker 1: to each other saying the same thing. So I think 863 00:51:12,480 --> 00:51:14,800 Speaker 1: it just really mixes it up. I read in the 864 00:51:14,880 --> 00:51:17,719 Speaker 1: Journal of the months before that that that um, the 865 00:51:17,840 --> 00:51:21,760 Speaker 1: new CEO of NBC, was not happy with the number 866 00:51:22,160 --> 00:51:25,920 Speaker 1: for MSNBC. So they're, you know, they're looking to, you know, 867 00:51:25,960 --> 00:51:28,040 Speaker 1: get bigger numbers, and you have to shake it up 868 00:51:28,080 --> 00:51:31,200 Speaker 1: to do that. She also becomes the first black executive 869 00:51:31,239 --> 00:51:34,440 Speaker 1: to run a major cable news network, which of course 870 00:51:34,560 --> 00:51:39,440 Speaker 1: is a a a glass ceiling shattering moment for the 871 00:51:39,480 --> 00:51:43,080 Speaker 1: media industry. Timmy, Yeah, I think that's right. And you 872 00:51:43,080 --> 00:51:45,360 Speaker 1: know what's so great about here. Maybe everyone on the 873 00:51:45,400 --> 00:51:47,240 Speaker 1: phone has talked to her at some point or another. 874 00:51:47,680 --> 00:51:53,360 Speaker 1: She worked every single part of MSNBC. She toiled in 875 00:51:53,400 --> 00:51:57,400 Speaker 1: the daytime field, she toiled in the debate field, she 876 00:51:57,920 --> 00:52:01,000 Speaker 1: toiled in prime time. And she got the job the 877 00:52:01,040 --> 00:52:03,840 Speaker 1: old fashioned way, working your way up. And what's great 878 00:52:04,239 --> 00:52:07,520 Speaker 1: is that she actually gets to execute a news strategy, 879 00:52:07,600 --> 00:52:10,040 Speaker 1: and she's got the vote of confidence from the higher up. 880 00:52:10,160 --> 00:52:12,879 Speaker 1: And here's the other thing. They've already laid people off 881 00:52:12,920 --> 00:52:15,640 Speaker 1: over there. You know, each of the broadcast operations are 882 00:52:15,719 --> 00:52:18,279 Speaker 1: laying people off because of the lack of revenue, the 883 00:52:18,360 --> 00:52:21,480 Speaker 1: lack of advertising revenue. They've already laid people off, They've 884 00:52:21,520 --> 00:52:23,960 Speaker 1: already cut salaries. So she can come in to be 885 00:52:24,000 --> 00:52:26,600 Speaker 1: a hero and say, hey, folks, this is what we're 886 00:52:26,600 --> 00:52:29,440 Speaker 1: gonna do now on MSNBC. So not only does she 887 00:52:30,000 --> 00:52:31,960 Speaker 1: get the job, but she gets to be a hero 888 00:52:32,120 --> 00:52:35,080 Speaker 1: as well. And we'll I'll be looking forward to that remarkable, 889 00:52:35,160 --> 00:52:37,800 Speaker 1: remarkable analysis, Tammy, stay with us, Michael Hardaway, what's on 890 00:52:37,840 --> 00:52:43,400 Speaker 1: your radar? Good news? I think I love good news. 891 00:52:43,520 --> 00:52:45,279 Speaker 1: You know I was saying that to Tammy all the time. 892 00:52:45,320 --> 00:52:47,680 Speaker 1: I miss having fun. Go ahead, Michael, tell me some 893 00:52:47,719 --> 00:52:51,000 Speaker 1: good news. Um, if it is true that the enemy 894 00:52:51,040 --> 00:52:53,840 Speaker 1: of my enemy is my friend, and I think the 895 00:52:53,920 --> 00:52:57,840 Speaker 1: Democrats and Republicans next year, uh, we'll team up on 896 00:52:58,000 --> 00:53:01,759 Speaker 1: China and address that in the way. I don't think 897 00:53:01,800 --> 00:53:04,280 Speaker 1: that we'll sort of keep the terrorists on that Trump 898 00:53:04,280 --> 00:53:07,040 Speaker 1: put in place, But I think that Dems and Republicans 899 00:53:07,080 --> 00:53:11,520 Speaker 1: will unite on IP theft and subsidies and tech transfers 900 00:53:11,560 --> 00:53:13,759 Speaker 1: and all these other areas that we actually agree on. 901 00:53:14,320 --> 00:53:15,920 Speaker 1: And I think that will be good because we'll do 902 00:53:15,960 --> 00:53:19,239 Speaker 1: so in partnership with our allies overseas, and we'll do 903 00:53:19,280 --> 00:53:22,680 Speaker 1: so in a much more effective way. I think that's 904 00:53:22,680 --> 00:53:25,960 Speaker 1: a really smart point because Tony B. Lincoln State's Department 905 00:53:26,320 --> 00:53:28,560 Speaker 1: in terms of how they are going to be able 906 00:53:28,600 --> 00:53:33,920 Speaker 1: to cultivate not just international consensus, but also Republicans like 907 00:53:33,960 --> 00:53:37,839 Speaker 1: Senator Marco Rubio for example, Ben Cardon for example on 908 00:53:37,880 --> 00:53:41,200 Speaker 1: the left. Uh, it that is going to be crucial 909 00:53:41,480 --> 00:53:46,120 Speaker 1: to even potentially getting a Treasury Secretary, Janet Yellen, to 910 00:53:46,120 --> 00:53:49,120 Speaker 1: to be able to coalesce forces for another round of 911 00:53:49,120 --> 00:53:53,040 Speaker 1: economic stimulus. I still think, based upon my reporting, if 912 00:53:53,040 --> 00:53:56,160 Speaker 1: Republicans and Democrats are able to pitch another round of 913 00:53:56,160 --> 00:54:00,440 Speaker 1: stimulus through the lens of national security, digital infrastructure. They 914 00:54:00,520 --> 00:54:05,360 Speaker 1: might find a sympathetic ear in Marco Rubio, Susan Collins, 915 00:54:05,480 --> 00:54:08,279 Speaker 1: Rob Portman's of the world in the Senate, and they're 916 00:54:08,280 --> 00:54:10,320 Speaker 1: gonna need, let's face it, they're gonna need a handful 917 00:54:10,360 --> 00:54:14,160 Speaker 1: of Republicans in order to get that piece of legislation passed. 918 00:54:14,280 --> 00:54:17,200 Speaker 1: You know this from your days on the Hill, which 919 00:54:17,480 --> 00:54:20,160 Speaker 1: was just a little while ago, Michael Hardaway. But they 920 00:54:20,239 --> 00:54:24,320 Speaker 1: just came out with the several hundred bipartisan UH policy 921 00:54:24,440 --> 00:54:27,279 Speaker 1: proposal about how to deal with the threat of the 922 00:54:27,320 --> 00:54:29,279 Speaker 1: Communist Party of China, and that's going to be the 923 00:54:29,320 --> 00:54:33,760 Speaker 1: blueprint for precisely what you're talking about. So great, great point. 924 00:54:34,239 --> 00:54:36,520 Speaker 1: Now let's pivot to mac gorman. Mc gorman, what's on 925 00:54:36,560 --> 00:54:39,960 Speaker 1: your radar? Well, my rate on my radar is a 926 00:54:40,280 --> 00:54:42,839 Speaker 1: little bit of a preview. Earlier this week, or should 927 00:54:42,880 --> 00:54:46,760 Speaker 1: say last week, UH, Team Doug Doocey, the Arizona governor, 928 00:54:47,080 --> 00:54:50,440 Speaker 1: and Team Andy Biggs, who was formerly the Freedom Clockets chairman, 929 00:54:50,880 --> 00:54:53,960 Speaker 1: also from Arizona. We're getting into a little twitter spat 930 00:54:54,040 --> 00:54:57,640 Speaker 1: over mandatory vaccine nations. That is a new wrinkle in 931 00:54:57,640 --> 00:55:00,080 Speaker 1: the Republican Party right now. Will it be man to 932 00:55:00,160 --> 00:55:04,520 Speaker 1: Tory Lee. Uh well, folks pass legislation for people in 933 00:55:04,560 --> 00:55:08,080 Speaker 1: their states to be vaccinated. That is the coming fight 934 00:55:08,120 --> 00:55:11,279 Speaker 1: we're gonna see, and with it, we're gonna see lawsuits. 935 00:55:11,280 --> 00:55:14,200 Speaker 1: So even if it's not legislatures or the federal government, 936 00:55:14,239 --> 00:55:19,160 Speaker 1: even man mandating vaccines, let's say American Airlines or let's 937 00:55:19,160 --> 00:55:24,360 Speaker 1: say you know another private company uh mandates vaccines to 938 00:55:24,480 --> 00:55:27,240 Speaker 1: get on an airplane or get on day greyhound bus. 939 00:55:27,680 --> 00:55:30,960 Speaker 1: Lawsuits in junctions, that's we're gonna see a lot of 940 00:55:31,040 --> 00:55:34,120 Speaker 1: next year as well as there really needs to be 941 00:55:34,160 --> 00:55:40,120 Speaker 1: a very robust publican um information campaign around the two doses, 942 00:55:40,160 --> 00:55:42,560 Speaker 1: because that's what worries me a little bit. How do 943 00:55:42,600 --> 00:55:46,880 Speaker 1: I know what which which vaccine requires one dose versus 944 00:55:46,920 --> 00:55:49,920 Speaker 1: to um and how do we kind of keep up 945 00:55:49,960 --> 00:55:53,160 Speaker 1: on who has what dose when? So those are two 946 00:55:53,239 --> 00:55:56,360 Speaker 1: things on my radar when it comes to the vaccines. Yes, no, 947 00:55:56,400 --> 00:56:02,320 Speaker 1: well you get the vaccine mac Gorman, Oh my gosh, 948 00:56:03,480 --> 00:56:07,280 Speaker 1: less or no, will you get the vaccine? Absolutely, Tammy 949 00:56:07,280 --> 00:56:11,399 Speaker 1: had I will you get the vaccine? Tammy? I don't 950 00:56:11,400 --> 00:56:13,560 Speaker 1: know if we still have her. I that might not 951 00:56:13,600 --> 00:56:17,440 Speaker 1: be her fault. That might I got so excited button. Okay, 952 00:56:18,400 --> 00:56:22,600 Speaker 1: I have like seconds, I don't care. Here's no one 953 00:56:22,640 --> 00:56:25,000 Speaker 1: can come back on Kevin Show and least they get 954 00:56:25,080 --> 00:56:31,200 Speaker 1: the vaccine going to do well, that's the legal fight. Yeah, 955 00:56:31,280 --> 00:56:33,839 Speaker 1: you're going. You're gonna go to the business that has 956 00:56:33,840 --> 00:56:36,279 Speaker 1: a sign in the front that says all my employees 957 00:56:36,320 --> 00:56:38,440 Speaker 1: have had the vaccine. All right, but I want to 958 00:56:38,440 --> 00:56:40,359 Speaker 1: tell you that's that's incredible. No, you're right, and that's 959 00:56:40,400 --> 00:56:42,080 Speaker 1: the legal fight. I was just reading about that over 960 00:56:42,120 --> 00:56:44,839 Speaker 1: the weekend, about how they're going to get the documentation 961 00:56:45,000 --> 00:56:47,720 Speaker 1: and whether or not that documentation is going to be allowed. 962 00:56:47,880 --> 00:56:49,840 Speaker 1: Thank you to Tammy, thank you to Michael Hardaway, and 963 00:56:49,880 --> 00:56:52,880 Speaker 1: of course mc corman. I'm Kevin surreally, chief Washington correspondent 964 00:56:52,920 --> 00:56:56,040 Speaker 1: for Bloomberg Television and Radio. I had fun, even though 965 00:56:56,080 --> 00:56:58,560 Speaker 1: my Eagles lost. But they're putting in jail and hurt. 966 00:56:58,600 --> 00:57:03,960 Speaker 1: You're listening to Bloomberg nine one