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Speaker 1: Why from our nation's camera, how do we reopen this economy?

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

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

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

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

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Speaker 1: never before. We're looking at seventy kenneddates for different vac teams.

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

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

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

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Speaker 1: f m h D two. US stocks rise as lawmakers

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Speaker 1: haggle over stimulus, and Senate Majority Leader Mitch McConnell says

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Speaker 1: Senate would hold stimulus vote if a deal is reached.

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Speaker 1: All of that, plus the latest is on my back.

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Speaker 1: My bags are packed and headed in Nashville. We've got

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Speaker 1: every angle covered of the ongoing intensifying swing state polls.

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Speaker 1: That is uh and we've got an all star, all

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Speaker 1: star panel. Kevin Walling is gonna be with me, Tyler

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Speaker 1: Deeton is gonna be with me. I mean, it doesn't

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Speaker 1: get better than Kevin Tyler Uh. And then in the

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Speaker 1: next block, we're gonna catch up with Robert Shapiro, our

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Speaker 1: good friend, Robert Shapiro, chairman of Sonicon. Remember he's the

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Speaker 1: former senior economic advisor for Bill Clinton, Barack Obama, all

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Speaker 1: of them. And he's gonna tell us what went down

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Speaker 1: in the markets today. But I want to start with policy.

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Speaker 1: I want to start with policy, especially with Google. The

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Speaker 1: d o J Google lawsuit, you know, or we had

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Speaker 1: Kevin buck On, Congressman Republican from Colorado the other week, well,

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Speaker 1: David McLaughlan on the Bloomberg terminal reports. The US Justice

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Speaker 1: Department sued alphabet ngs Google, accusing it of abusing its

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Speaker 1: monopoly in search, in the most significant antitrust action against

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Speaker 1: an American company in more than two decades, with more

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Speaker 1: action by states likely to follow. Google, which controls about

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Speaker 1: of the online search market in the US, I want

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Speaker 1: to say that again, Google controls of the online search

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Speaker 1: market in the in the United States, is the quote

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Speaker 1: unchallenged gateway end quote to the Internet and engaged in

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Speaker 1: a variety of anti competitive practices to maintain and extend

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Speaker 1: its monopoly, the government said in a complaint file Tuesday,

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Speaker 1: in Washington, d C. David Balto is a former policy

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Speaker 1: director of the FTC Bureau of Competition. He's a former

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Speaker 1: trial attorney at d o j's Antitrust division, and he

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Speaker 1: has just been so generous enough to join us on

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Speaker 1: this massive breaking story. David, what are the chances that

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Speaker 1: this is actually going to result in a win for

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Speaker 1: do o J? And what does it mean for the

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Speaker 1: next decade of Google's lawyers? So um cases filed at

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Speaker 1: the end of an administration always have a dubious future,

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Speaker 1: of this one particularly has It's not important what the

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Speaker 1: sixties seven page complaints says. What's important is what it

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Speaker 1: doesn't say. It doesn't tell a story about how consumers

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Speaker 1: are harmed by Google's conduct. So it reminds me of

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Speaker 1: that old Wendy's commercial Where's the Beats? You know. For

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Speaker 1: them to win a case, in speaking my language, David,

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Speaker 1: they've got to show that consumers are paying more, are

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Speaker 1: being harmed from less choice, and that is barely mentioned.

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Speaker 1: In fact, the word consumer is barely mentioned in the complaint.

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Speaker 1: So unless they can demonstrate that, they don't get the

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Speaker 1: first base in this case. You know, I find this

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Speaker 1: really fascinating and it reminds me of what happens with

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Speaker 1: Microsoft back in the late ninety nineties and the lawsuits

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Speaker 1: and the and the anti competitive cases. Are there any

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Speaker 1: comparisons to be made or is it just that there

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Speaker 1: two tech companies? Well, d o J sort of suggests

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Speaker 1: that in paragraph eleven as a company plane. But the

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Speaker 1: cases are totally dissimilar because there was clear evidence. First

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Speaker 1: of all, there were smoking guns in the Microsoft case,

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Speaker 1: really nasty documents and bad deposition testimony, depth of bill gates.

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Speaker 1: That kind of evidence is totally missing here. Um, there's

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Speaker 1: no smoking gun. There's no guns at all here. Um.

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Speaker 1: But more importantly, the conduct Microsoft engaged in was clearly

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Speaker 1: not efficient. It didn't make the market work better, whereas

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Speaker 1: there's a clear story here that Google's conduct is good

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Speaker 1: for consumers. It's efficient. It's the kind of conduct we

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Speaker 1: see throughout the marketplace where people manufacturers paid distributors for

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Speaker 1: better shelf space and things like that in the supermarket. Um,

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Speaker 1: there's nothing particularly untoward about what Google has been doing. Well, okay,

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Speaker 1: so so what do you say then, that big tech

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Speaker 1: now has stepped in or do you think that big

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Speaker 1: tech is now at the beginning of a decade of

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Speaker 1: a regulation coming from Washington, d C, regardless of the

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Speaker 1: outcome in November. Well, let's make things clear. No federal

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Speaker 1: judge wants to be a regulator. They're there to go

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Speaker 1: and look at specific facts in the specific situation and

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Speaker 1: call balls and strikes when uh, when they see them.

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Speaker 1: They're not there to go and regulate industries. And any

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Speaker 1: suggestion d o J makes that you know, they're looking

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Speaker 1: for an industry regulator from a judge is going to

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Speaker 1: be turned back coldly. Judge Cutler could Telly in the

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Speaker 1: Microsoft case really, you know, disliked the fact that she

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Speaker 1: was put in some type of regulatory role, and that

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Speaker 1: regulatory role in the Microsoft case didn't work. So I

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Speaker 1: don't think there's a strong prospect of regulation coming out

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Speaker 1: of this case. David Balto is with me. He is

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Speaker 1: the former policy director of the FDCs Bureau of Competition,

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Speaker 1: and he's a former trial attorney at d o J

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Speaker 1: Antitrust Division. He knows exactly what we are talking about. Investors, mind,

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Speaker 1: you brushed off the complaint file by d o J,

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Speaker 1: which has been expected for weeks to be blunt, and

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Speaker 1: Alphabet shares rose two point six percent at three o

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Speaker 1: two pm in New York trading. They rose to one thousand,

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Speaker 1: five hundred and sixty and seventy three cents. Google search

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Speaker 1: business generates, as we know, most of the company's revenue,

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Speaker 1: and it has funded its expansion into email, online videos,

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Speaker 1: smartphone software, maps, cloud computing, autonomous vehicles, and display advertising.

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Speaker 1: But I do want to uh, I guess I do

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Speaker 1: want to ask from your perspective, perspective, David Balto, there

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Speaker 1: is this broader conversation happening about freedom of speech, the

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Speaker 1: intersection of what is truly fake news, hostile foreign actors,

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Speaker 1: you know, taking advantage of the log rhythms and propping

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Speaker 1: up some fake news getting rid of others. I mean,

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Speaker 1: this is what's brewing in the zeitgeist. As Tom Keane

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Speaker 1: likes to say of Washington, d C regulatory Silicon Valley world.

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Speaker 1: Do you think that there's any chance that there might

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Speaker 1: be some type of push to uh to modernize some

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Speaker 1: of the some of the laws of the land. From

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Speaker 1: from a congressional perspective, um, that is something that's arisen

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Speaker 1: because of a House Judiciary Committee report, and that's a

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Speaker 1: discussion that's good to have. That's the appropriate thing to do.

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Speaker 1: But where we've changed the law, it's been very rare

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Speaker 1: because the antitrust laws are just a generalist statute that

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Speaker 1: have been proven to be very resilient economic changes. Um.

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Speaker 1: In some rare instances where there's clear evidence of market failure, UM,

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Speaker 1: the Congress has created sectorial regulation like the packers and

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Speaker 1: stock are attacks. But that's very rare, and nobody's suggesting

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Speaker 1: these are markets in which there's market failure. It's just fascinating.

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Speaker 1: And let me ask you just in terms of a

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Speaker 1: geo political perspective, take us inside of alphabet. I mean,

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Speaker 1: they've had to not only deal with the regulatory landscape

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Speaker 1: of the United States, they also have to look at

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Speaker 1: the EU regulations and of course China. I mean, just

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Speaker 1: from a global perspective, they're fending multiple, multiple regulation fronts. Yeah,

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Speaker 1: absolutely true. That's the nature of the marketplace. Unfortunately, in

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Speaker 1: the United States, we've allowed competition to go and lead

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Speaker 1: to the best results rather than engaging and over regulation.

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Speaker 1: And sometimes regulations may look tempting to go and protect

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Speaker 1: national champions, as the Europeans have done. UM. But um

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Speaker 1: not that's not been something that uh, the United States

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Speaker 1: has done and our economy has benefited from not taking

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Speaker 1: that alternative. Where do you say to people, final question

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Speaker 1: before I let you go and thank you again for

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Speaker 1: for making the time for me today, David Balto, what

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Speaker 1: do you say to the people who say, well, I

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Speaker 1: mean many have tribe, but Google is literally a verb.

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Speaker 1: You know, Google it, you know what I mean. I mean,

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Speaker 1: they really are the only the only game in town.

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Speaker 1: So the law is quite clear here. To find anti

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Speaker 1: competitive conduct, you have to show that consumers are being

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Speaker 1: harmed by exclusionary conduct that simply harms competition, and that's

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Speaker 1: missing here. The fact that we've turned Google into a

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Speaker 1: verb doesn't mean that they're a monopolis. Indeed, Um, the

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Speaker 1: marketplace is changing rapidly, especially in search for consumer products,

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Speaker 1: where people hit Amazon a lot more than they hit Google.

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Speaker 1: So um, the predictions of Google going and taking over

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Speaker 1: markets are often um mistaken, like the predictions of Mark

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Speaker 1: Twain's death. Wow, I love Mark Twain, by the way,

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Speaker 1: so that was a really fun reference for me. Did

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Speaker 1: you know he was a reporter in Washington, d C.

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Speaker 1: Prior to his career. David Balto, former Policy director of

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Speaker 1: the FTC Bureau of Competition, former trial attorney at the

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Speaker 1: O j n E Trust Division. We're coming up next,

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Speaker 1: not with Mark Twain, with Kevin Cirelli. You're listening to

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

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Speaker 1: Curreli on Bloomberg and one Old five point seven f

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Speaker 1: M h D two. My name is Kevin Cereli. I'm

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

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Speaker 1: You know, I was at the Palm today for lunch

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Speaker 1: with one of my friends, and um, it almost felt normal.

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Speaker 1: It almost felt normal. It almost felt like we were

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Speaker 1: back to reality. You know, it's a beautiful day, the

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Speaker 1: sun is shining. We're all being socially distant. But you know,

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Speaker 1: I have my mask. But I had like a really

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Speaker 1: good lunch and I was grateful for it. So it

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Speaker 1: almost and then I and you know, and then I'm like,

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Speaker 1: put yourself a year from now, Where are we gonna

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Speaker 1: be a year from now? It's the question I always

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Speaker 1: ask myself, where are we gonna be a year from now?

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Speaker 1: And you know, we got some new good news from

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Speaker 1: the CDC today that they anticipate some keywords some vaccines

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Speaker 1: are going to be in UM, the marketplace by the

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Speaker 1: end of the year. It's not gonna be like everybody

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Speaker 1: can run out and get a vaccine, but they are going,

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Speaker 1: according to plants, some were gonna be in the marketplace

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Speaker 1: by the end of the year. So and they're all,

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Speaker 1: you know, all the companies, the pharmaceuticals and whatnot, they're

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Speaker 1: all getting ready for for some mass uh supply chain,

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Speaker 1: supply chain on the vaccination front. Anyway, I'm still an optimist.

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Speaker 1: Robert Shapiro is with me. He's an Optimist chairman a

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Speaker 1: sonicn former senior economic advisor for Democratic presidential candidates, including

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Speaker 1: Presidents Bill Clinton and Barack oh Obama. Hey, Robert, before

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Speaker 1: I check in with you, let me let me get

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Speaker 1: people what happened in the market today. Because US stocks

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Speaker 1: rose as lawmakers negotiated the size of a potential spending

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Speaker 1: bill to bolster the economic recovery, the dollar weekend, the

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Speaker 1: SMP five bounced back from Monday sell off, even as

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Speaker 1: any deal brokered by House Speaker Nancy Pelosi and the

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Speaker 1: White House likely to face stiff opposition in the Republican

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Speaker 1: controlled Senate. Meanwhile, we're just getting some headlines crossing the

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Speaker 1: Bloomberg terminal Mark Meadows, Hey, Mark Mark Meadows gave an

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Speaker 1: interview to CNBC and he said that they still have

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Speaker 1: a ways to go on a stimulus deal. A Meadows

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Speaker 1: says that the talks are productive enough to continue again tomorrow.

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Speaker 1: Then I dive into my terminal still on the stimulus

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Speaker 1: front and Jordan's Fabian rights on Bloomberg Government that there

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Speaker 1: are still sticking points with the White House and Speaker Pelosi. UH.

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Speaker 1: This off of that Mark Meadows interview, Pelosi told reporters

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Speaker 1: that she does actually think there can be a deal

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Speaker 1: by the end of the week. She said, I hope.

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Speaker 1: So that's the plan, all right. I guess we're back

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Speaker 1: on the optimism train. Robert Shapiro, Yes, well, you know,

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Speaker 1: I think the optimism of the markets reflects not just

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Speaker 1: a enhanced possibility of a stimulus now, but the enhanced

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Speaker 1: possibility of a Biden victory and a Democratic victory in

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Speaker 1: the Senate, which would mean continuing stimulus whatever is decided

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Speaker 1: today or this week. UM, it certainly looked the sooner

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Speaker 1: the better. But even if we get a near Pelosi

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Speaker 1: size stimulus UH enacted this week and going into effect

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Speaker 1: in November and December, the market now expects significant additional

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Speaker 1: stimulus beginning in January from a Biden administration. All right, now,

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Speaker 1: Earlier today, Speaker of the House Nancy Pelosi spoke exclusively

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Speaker 1: with Bloomberg's David Weston from Washington, d C. Take a

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Speaker 1: listen to some of what Speaker Pelosi told my colleague

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Speaker 1: David Weston. So I'm optimistic because I do think we

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Speaker 1: have a shared value, not many, but a shared value

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Speaker 1: that finally is they want to crush the virus. And

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Speaker 1: that's been a change from even over the weekend when

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Speaker 1: they put fourth language that wasn't respectful of what we

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Speaker 1: needed to do from the standpoint of science to crush

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Speaker 1: the virus. In addition to striking an optimistic tone with

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Speaker 1: David Weston, she went on to say that a balance

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Speaker 1: can be struck, but she also brought up sent a

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Speaker 1: majority leader, Mitch McConnell. Take a listen. You know, I

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Speaker 1: think that there is a balance that can be struck,

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Speaker 1: but it isn't that it isn't the mcconnal language, but

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Speaker 1: we'll have our lang, which to them, were working very

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Speaker 1: hard to protect the workers but also to be able

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Speaker 1: to come to an agreement. Robert Shapiro. What role does

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Speaker 1: Senate Majority Leader Mitch McConnell play in these negotiations. Well,

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Speaker 1: McConnell is between the proverbial rock and hard place. The

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Speaker 1: fact is, he knows that the perception that Republicans don't

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Speaker 1: care enough about UM, how people are suffering, not just

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Speaker 1: from the pandemic but from the pandemic downturn UM has

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Speaker 1: shifted the landscape sufficiently that the odds are now that

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Speaker 1: the Republicans will lose control of the Senate, something that

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Speaker 1: was really kind of a pipe dream for Democrats six

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Speaker 1: months ago. So he knows that. At the same time,

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Speaker 1: he also knows that the majority of his caucus doesn't

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Speaker 1: want to support a large stimulus and UM. So he's

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Speaker 1: got to figure out how many votes he can get

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Speaker 1: from the Republican caucus and will that be enough to

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Speaker 1: satisfy Chuck Schumer and the Democrats. UM. If the if

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Speaker 1: the package is something close to what Pelosi wants, which

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Speaker 1: I expect it will because she's got all of the

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Speaker 1: leverage here, Uh, then I think Democrats will support it

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Speaker 1: and welcome the fact that most Republicans in the Senate don't.

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Speaker 1: If it's if the deal is smaller or more important,

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Speaker 1: if the bill that McConnell puts on the floor is

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Speaker 1: a lot smaller, then I think McConnell's going to have

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Speaker 1: trouble passing it. I asked your questions, So do you

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Speaker 1: really think what what odds would you place the Senate

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Speaker 1: flipping it's a blue at at this particular juncture. Two

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Speaker 1: to one? Really? Yeah? Two to one? Wow? What states

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Speaker 1: are are you optimistic with? Well, I'm very optimistic about Colorado.

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Speaker 1: I'm very optimistic about Arizona. I'm very optimistic about Maine.

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Speaker 1: I'm very optimistic about Iowa. I'm very really see, I

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Speaker 1: don't know part of me. I gotta stop you on.

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Speaker 1: I'm gonna pour cold water on Iowa. And let me

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Speaker 1: tell you something. If I'm covering election night and I

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Speaker 1: see that Iowa goes at Theresa Greenfield, then it's it's

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Speaker 1: not a blue wave, it's a blue month soon. That's

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Speaker 1: really what I believe. Look, I think that Johnie Ernst

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Speaker 1: has run a bad campaign. She's never been UM very

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Speaker 1: popular in Iowa. UM, and she's run a bad campaign.

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Speaker 1: She couldn't she couldn't name the price of soybeans at

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Speaker 1: Iowa in the debate. UH and She's against a very

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Speaker 1: attractive candidate in a state that Frankly shifts back and

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Speaker 1: forth between red purple and not so long ago blue Frankly, Um, so, UM,

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Speaker 1: I think that I am very optimistic UM about Iowa.

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Speaker 1: I'm also optimistic about North Carolina. I haven't allowed myself

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Speaker 1: to be optimistic yet about South Carolina. UM, and I

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Speaker 1: think that's probably out of reach. Um. We'll see what

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Speaker 1: happens in Georgia. The fact is that what this tells

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Speaker 1: you there's so many states where Democrats have a significant

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Speaker 1: chance of um claiming a republic a current Republican Senate seat,

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Speaker 1: that everything would have to fall right for the Republicans

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Speaker 1: to hold the Senate. And this is a year in

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Speaker 1: which very little has fallen right for the Republicans. It's remarkable,

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Speaker 1: all right. Robert Shapiro, thank you so much, sir, for

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Speaker 1: your time, Chairman of Sonic On, former senior economic advisor

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Speaker 1: for Bill Clinton, for Barack Obama, someone who has really

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Speaker 1: been in the know, uh, and the zeitgeist of of

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Speaker 1: all of the democratic political folks, the circles, the Eco circles.

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Speaker 1: Coming up next, Kevin Tyler Deeton. We're gonna talk politics

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Speaker 1: and Kevin's really you're listening to Bloomberg nighted I want

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

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Speaker 1: how this pandemic is impacting farmers, What does this do

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Speaker 1: for the United States relationship with China? Floomberg sound Off,

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Speaker 1: the insiders, the influencers, the inside. We're responding to this

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Speaker 1: crisis and manufacturers are stepping up like never before. We're

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Speaker 1: looking at seventy Kennedys for different vaccines. How do we

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Speaker 1: make sure a pandemic of this sale never happens again?

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Speaker 1: This is Bloomberg Sound on with on Bloomberg two. I'm

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Speaker 1: going to Nashville further debate. I'm packing my bags. I

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Speaker 1: leave tomorrow full coverage with Tyler Deeton and Kevin Walling

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Speaker 1: and cowboy kem in the country. I'm gonna reign it

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Speaker 1: in right now because on a serious front, Google anti

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Speaker 1: trust and we have the latest from Congressman Keem Buck,

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Speaker 1: Republican from Colorado, to walk us through UH this anti

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Speaker 1: trust case the d o J filed against alphabet and

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Speaker 1: stimulus talks. Yes, Speaker Pelosi spoke exclusively with David Weston.

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Speaker 1: I will give you that interview as well. And what

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Speaker 1: does it mean as Mark Meadows now breaking some headlines

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Speaker 1: on the Bloomberg terminal, Secretary Manution and Speaker Pelosi will

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Speaker 1: talk again tomorrow. So many headlines breaking within the last

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Speaker 1: half hour on the on the stimulus front. So I'm

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Speaker 1: actually gonna rip up the script to quote Tom Keane

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Speaker 1: and go stimula this first, and then uh, debate prep

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Speaker 1: preview in the next in the next block, Kevin Walling's

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Speaker 1: with me. Tyler Deaton is not with me yet, but

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Speaker 1: hopefully he calls. Hopefully it calls in Tyler Kevin Walling,

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Speaker 1: Democratic strategist at h G Creative Meeting. Hey, Kevin, Uh,

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Speaker 1: I'm going to Nashville. I'm very jealous of that. Ke

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Speaker 1: I'm gonna have some fried chicken and uh it's I'm

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Speaker 1: a huge country music fan, as you know, and I'm

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Speaker 1: incredibly excited to go down to Keith Urban Country. But

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Speaker 1: first we're gonna start with the stimulus front. Because Speaker

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Speaker 1: of the House, Nancy Pelosi, Folks, did you see this interview?

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Speaker 1: You gotta go back and watch it. If you haven't,

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Speaker 1: go on the terminal, get it on the terminal. Uh.

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Speaker 1: She spoke exclusively with David Weston today and there was

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Speaker 1: a lot of news made in this interview. Take a

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Speaker 1: listen to what Speaker of the House, an optimistic Speaker

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Speaker 1: of the House, Nancy Pelosi told my colleague David Weston

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Speaker 1: here it is so I'm optimistic because I do think

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Speaker 1: we have a shared value, not many, but a shared value.

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Speaker 1: That finally is they want to crush the virus. And

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Speaker 1: that's been a change from even over the weekend when

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Speaker 1: they put fourth language that wasn't respectful of what we

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Speaker 1: needed to do from the standpoint of science to crush

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Speaker 1: the virus. And meanwhile, just within the last half hour,

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Speaker 1: Mark Meadows spoke with CNBC and said that, uh, there

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Speaker 1: are still sticking points his words, between the White House

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Speaker 1: and Speaker Pelosi on a stimulus talks, but negotiations were

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Speaker 1: productive enough that they will continue tomorrow. They're gonna keep

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Speaker 1: on talking. And speaking of that language, Speaker Pelosi went

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Speaker 1: on to talk about send a majority. Leader Mitch McConnell,

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Speaker 1: take a listen. You know, I think that there is

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Speaker 1: a balance that can be struck, but it isn't. It

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Speaker 1: isn't the McConnell language. But we'll have our language to them.

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Speaker 1: We're working very hard to protect the workers, but also

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Speaker 1: to be able to come to an agreement. It's just fascinating.

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Speaker 1: It's fascinating, UH, Kevin walling Democratic strategists to hear sort

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Speaker 1: of the ins and outs, and that Speaker Pelosi is

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Speaker 1: willing to have a deal before the election. Smart policy,

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Speaker 1: smart politics? Your take, I think it's I think it's both.

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Speaker 1: And again, the amazing thing is is you reference and

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Speaker 1: Nancy in the intro to this UH segment talking about

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Speaker 1: that interview on Bloomberg actually moving markets. You saw that

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Speaker 1: jump in support in the market after that interview on Bloomberg,

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Speaker 1: And what it shows to me as a tragist, is

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Speaker 1: that the Speaker's heaving her best a little bit in

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Speaker 1: terms of her self opposed deadline that she put out

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Speaker 1: for this evening. The fact that you Kevin referencing new

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Speaker 1: information coming out of the White House and the Chief

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Speaker 1: the Staff's office, UH, and the speakers saying that these

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Speaker 1: negotiations will continue. Interestingly, not be have Steve Nusian negotiating

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Speaker 1: from Jerusalem UH today in terms of his trip oversees

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Speaker 1: the Israel. So they negotiations are are continuing. On UM.

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Speaker 1: The question will be and I think you're seeing some

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Speaker 1: encouragement behind the scenes, with folks on the House Appropriations

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Speaker 1: Committee already said at work drafting some of the language

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Speaker 1: for the bill. I think that is a positive sign

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Speaker 1: behind the scenes that hasn't really been talked about. That

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Speaker 1: would not be happening if the Speaker wasn't really optimistic

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Speaker 1: about this process. Of course, in every interview she always

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Speaker 1: says she's optimistic, but I think there's a real chance

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Speaker 1: for something this week. So it's it's pretty interesting in

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Speaker 1: terms of just whether or not this is going to

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Speaker 1: happen by election day. She was asked that directly, take

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Speaker 1: a listen to what she said. If we want to

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Speaker 1: have this by election day, and I think we can,

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Speaker 1: you have to engineer back from there to this week. Now,

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Speaker 1: if we have our terms on the table, they may

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Speaker 1: not be an agreement, but at least there's a decision

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Speaker 1: to be made as to what's more important or less

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Speaker 1: important in light of waiting the equities to have an agreement.

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Speaker 1: So everyone wants to know where whether or not the

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Speaker 1: President and and sent a majority Leader Mitch McConnell can

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Speaker 1: get on the same page from her vantage, because this

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Speaker 1: is a triangulation of sorts of negotiations from her vantage point,

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Speaker 1: this is how she describes the dynamic between President Trump

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Speaker 1: and the Senate. Here she is, and you know what,

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Speaker 1: getting mixed messages the Senate saying one thing. The President

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Speaker 1: says he wants to spend more money than I do.

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Speaker 1: But as I've said before, it's not about the money,

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Speaker 1: it's how the money is spent. You know, we want

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Speaker 1: a child tax credit for the poorest kids in America.

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Speaker 1: They want to retain a tax uh net operating lass

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Speaker 1: benefit for the wealthiest people in our country. And we're saying, well,

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Speaker 1: you know, how do we reconcile that. Our executive producer,

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Speaker 1: Christine Barrett, it tells me that Tyler Deaton is with

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Speaker 1: us now on the line Republican strategist and fundraiser president

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Speaker 1: of Allegiance Strategies. Hey, Tyler, I mean you hear that

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Speaker 1: from Speaker Pelosi, just about the mixed messages. Take us

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Speaker 1: inside Leader McConnell's inner orbit, because he is a master

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Speaker 1: master negotiator. What what is Camp McConnell thinking tonight, Well,

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Speaker 1: I'll probab you. I and I just hung up actually

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Speaker 1: with one of the frontline Republican senators, and I think

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Speaker 1: that you have to see what you're not hearing. You're

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Speaker 1: not hearing every single Republican senator on the same page.

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Speaker 1: And I have been harping about this for months, which

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Speaker 1: is that Republicans have to get unified. Um, Speaker Pelosi

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Speaker 1: and Chuck Schumer. You could just read the transcripts and

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Speaker 1: you wouldn't even know who's talking because they are so

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Speaker 1: disciplined on their message right now. So that's what I'm

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Speaker 1: asking Republicans to do, is unify around a position. I

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Speaker 1: think that until President Trump makes his position clear, the

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Speaker 1: others aren't gonna fall in line. I am still wildly

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Speaker 1: skeptical that the deal comes together. Um, but you know

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Speaker 1: you're hearing that from me, And I've been one of

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Speaker 1: the biggest advocates of having a stimulus steal now since

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Speaker 1: going back to May. So I don't actually think that

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Speaker 1: this is changing anything. I think we're being um. And

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Speaker 1: I kind of hate to say this, but I think

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Speaker 1: we're seeing some masterful political theatrics from Speaker Pelosi here.

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Speaker 1: I mean, it costs her nothing to add a day

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Speaker 1: to these negotiations. She has all the leverage right now,

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Speaker 1: do you really Okay? So that's what I want to

428
00:27:15,520 --> 00:27:17,720
Speaker 1: ask you about but do you think that getting a

429
00:27:17,840 --> 00:27:22,920
Speaker 1: deal or not impact the outcome of the presidential race

430
00:27:23,320 --> 00:27:27,560
Speaker 1: and the outcome of the Senate majority races? Tyler, Well,

431
00:27:28,000 --> 00:27:31,560
Speaker 1: so if it really affected the outcome of the Senate races,

432
00:27:31,600 --> 00:27:34,159
Speaker 1: then you would see Senate Republicans clamoring to pass a

433
00:27:34,240 --> 00:27:37,560
Speaker 1: big package. And that's important that right there is important

434
00:27:37,600 --> 00:27:41,520
Speaker 1: elaborate on that. So, um, I think that still that

435
00:27:41,640 --> 00:27:45,679
Speaker 1: the Senate Republicans feel like basically the die has been cast.

436
00:27:46,040 --> 00:27:48,800
Speaker 1: Maybe if they had passed this a month ago, then

437
00:27:48,960 --> 00:27:51,840
Speaker 1: it would be influencing the elections. It's really late at

438
00:27:51,920 --> 00:27:54,960
Speaker 1: this point, and so honestly, like the continued conversation is

439
00:27:55,040 --> 00:27:57,840
Speaker 1: just reminding voters that it hasn't been passed, which is

440
00:27:57,880 --> 00:28:00,240
Speaker 1: another reason why I think that if we're going to

441
00:28:00,280 --> 00:28:02,520
Speaker 1: pass this and Republicans need to shut up about it.

442
00:28:02,640 --> 00:28:05,840
Speaker 1: I don't actually personally agree with Leader McConnell's move to

443
00:28:05,960 --> 00:28:07,800
Speaker 1: vote on the same bill that they voted on three

444
00:28:07,840 --> 00:28:10,600
Speaker 1: weeks ago. I think that either most voters won't notice,

445
00:28:10,640 --> 00:28:13,440
Speaker 1: are the ones who do see that aren't They're not

446
00:28:13,520 --> 00:28:16,560
Speaker 1: going to get the joke, Kevin like it's too cute

447
00:28:16,600 --> 00:28:20,120
Speaker 1: by half, And so until we have President Trump way

448
00:28:20,160 --> 00:28:23,240
Speaker 1: in and say this is the deal that I am supporting.

449
00:28:23,840 --> 00:28:26,679
Speaker 1: The rest of this is theatrics, right, all right, all right,

450
00:28:26,800 --> 00:28:31,600
Speaker 1: it's theater. All right, panel stays Tyler, Kevin Walling, Tyler Deeton,

451
00:28:31,760 --> 00:28:33,840
Speaker 1: stick around. We got much more to talk about debate.

452
00:28:33,880 --> 00:28:36,840
Speaker 1: We're gonna give a Nashville preview. I'm Kevin Sirelli. You're

453
00:28:36,880 --> 00:28:43,480
Speaker 1: listening Bloomberg. You're listening to Bloomberg. Sound on with Kevin

454
00:28:43,560 --> 00:28:47,480
Speaker 1: currelate on Bloomberg and one on five point seven f

455
00:28:47,600 --> 00:28:50,880
Speaker 1: M h D two ROC mars for the Communist Party

456
00:28:50,920 --> 00:28:54,720
Speaker 1: at China as new scrutiny oversees into what they didn't

457
00:28:54,760 --> 00:28:57,360
Speaker 1: tell the world help the organization. That's one of the

458
00:28:57,440 --> 00:29:00,760
Speaker 1: things on my radar. I'm Kevin sur Le, chief Washington

459
00:29:00,800 --> 00:29:05,280
Speaker 1: correspondent for Bloomberg Television and for Bloomberg Radio. Of course

460
00:29:05,320 --> 00:29:07,560
Speaker 1: I'll ask our panel what's on their radar. But first,

461
00:29:08,080 --> 00:29:12,840
Speaker 1: Tyler Deaton, Republican insider strategist. He is, of course a

462
00:29:12,880 --> 00:29:16,320
Speaker 1: fundraiser as well. He's the president of Allegiance Strategies. Kevin

463
00:29:16,360 --> 00:29:19,880
Speaker 1: Walling still with me, democratic strategist over at a h

464
00:29:20,040 --> 00:29:23,600
Speaker 1: G creative media that make all the ads. Uh, Tyler,

465
00:29:24,440 --> 00:29:26,360
Speaker 1: I'm going to Nashville. I've never been. I'm a country

466
00:29:26,480 --> 00:29:28,560
Speaker 1: music fan. But I really have to stop saying this

467
00:29:28,720 --> 00:29:32,120
Speaker 1: because no one cares. Number One. But secondly, this is

468
00:29:32,160 --> 00:29:35,600
Speaker 1: probably the most important presidential debate of this cycle. And

469
00:29:35,800 --> 00:29:38,920
Speaker 1: and and really and in recent times, you know, I mean,

470
00:29:38,960 --> 00:29:42,160
Speaker 1: there just seems to be so much writing on this campaign,

471
00:29:42,280 --> 00:29:46,440
Speaker 1: Tyler tell us about it, on this debate, not campaign,

472
00:29:46,480 --> 00:29:49,920
Speaker 1: on the debate for the campaign. There's huge risk going

473
00:29:49,960 --> 00:29:52,360
Speaker 1: into this debate for President Trump. I think at this

474
00:29:52,560 --> 00:29:56,960
Speaker 1: point it's just it's it's the evidence supports the notion

475
00:29:57,080 --> 00:30:00,440
Speaker 1: that President Trump really lost support based on the debate

476
00:30:00,560 --> 00:30:04,640
Speaker 1: before he had his untimely COVID nineteen diagnosis. UM. It

477
00:30:04,720 --> 00:30:07,120
Speaker 1: looks to me and other Republican operators like the last

478
00:30:07,160 --> 00:30:10,640
Speaker 1: debate cost him about two points UM and he's not

479
00:30:10,840 --> 00:30:14,760
Speaker 1: one those points back. And look, thirty six million people

480
00:30:14,840 --> 00:30:18,680
Speaker 1: have already voted by Thursday, that number could be over

481
00:30:18,760 --> 00:30:22,760
Speaker 1: forty million people already voted. UM. And in fact, in Texas,

482
00:30:23,320 --> 00:30:26,000
Speaker 1: half as many people as has voted entirely in the

483
00:30:26,080 --> 00:30:28,760
Speaker 1: last election have already voted this time in Texas. So

484
00:30:29,120 --> 00:30:32,280
Speaker 1: it is an important debate UM with the caveat that

485
00:30:32,840 --> 00:30:35,360
Speaker 1: it's coming kind of late in the cycle. President Trump

486
00:30:35,480 --> 00:30:38,480
Speaker 1: has very little time left to turn this around. I

487
00:30:38,640 --> 00:30:41,880
Speaker 1: think on Thursday we need to see him lay out

488
00:30:42,000 --> 00:30:46,200
Speaker 1: his plan to defeat coronavirus. That is what I and

489
00:30:46,400 --> 00:30:48,920
Speaker 1: basically every other voter in America is looking for. Republican

490
00:30:49,040 --> 00:30:52,160
Speaker 1: or Democrat is looking for his plan to defeat coronavirus,

491
00:30:52,320 --> 00:30:54,560
Speaker 1: and that is the one way that he can win

492
00:30:54,720 --> 00:30:58,479
Speaker 1: over the shrinking number of undecided voters who are left. Tyler,

493
00:30:59,040 --> 00:31:01,480
Speaker 1: from your perspective of as a strategist, all of the

494
00:31:01,640 --> 00:31:03,720
Speaker 1: increase in mail in voting, I mean you alluded to

495
00:31:03,840 --> 00:31:08,600
Speaker 1: Texas for example. Does that worry you as a Republican strategist,

496
00:31:08,880 --> 00:31:11,920
Speaker 1: as a fundraiser or does it? Is it just a

497
00:31:12,040 --> 00:31:14,800
Speaker 1: sign that maybe more Republicans are doing and as well?

498
00:31:14,880 --> 00:31:18,240
Speaker 1: I mean, where where are you on that? Well, I'll

499
00:31:18,240 --> 00:31:20,840
Speaker 1: tell you I love vote by mail. And again, people

500
00:31:20,840 --> 00:31:25,440
Speaker 1: who work in Republican politics professionally love vote by mail. Um.

501
00:31:25,720 --> 00:31:28,160
Speaker 1: The states that have universal vote by mail, there is

502
00:31:28,240 --> 00:31:32,719
Speaker 1: no partisan different Um, there are no concerns about fraud. Um.

503
00:31:32,920 --> 00:31:34,719
Speaker 1: It's a great way to vote. It's an easy way

504
00:31:34,760 --> 00:31:38,479
Speaker 1: to vote, increasing turnout. Again, it's just it's better for everybody,

505
00:31:38,520 --> 00:31:42,400
Speaker 1: it's better for democracy. I wish that President Trump had

506
00:31:42,520 --> 00:31:45,320
Speaker 1: gotten behind voting by mail. Um. I think that it

507
00:31:45,400 --> 00:31:48,600
Speaker 1: was a real missed opportunity because now, um, it has

508
00:31:48,640 --> 00:31:51,760
Speaker 1: been a really great way for Democrats to mobilize their voters.

509
00:31:52,200 --> 00:31:54,960
Speaker 1: I'm worried as a Republican about what election day voting

510
00:31:55,040 --> 00:31:57,560
Speaker 1: looks like with social distancing measures in place. I mean,

511
00:31:57,600 --> 00:32:00,280
Speaker 1: this is what I've been harping on since a role

512
00:32:00,600 --> 00:32:03,760
Speaker 1: that it's gonna be hard to have socially distance voting

513
00:32:03,840 --> 00:32:06,440
Speaker 1: on election day. A lot of people are still planning

514
00:32:06,480 --> 00:32:09,120
Speaker 1: on showing up in person. The lines could be long,

515
00:32:09,560 --> 00:32:11,400
Speaker 1: you know, having to set up people six ft apart.

516
00:32:11,440 --> 00:32:14,400
Speaker 1: I mean everybody gets this. Just the physical distancing aspect

517
00:32:14,440 --> 00:32:15,920
Speaker 1: of this, well, I mean you just go to an

518
00:32:15,920 --> 00:32:18,040
Speaker 1: airport and they don't even find I mean they barely

519
00:32:18,120 --> 00:32:20,640
Speaker 1: follow it there. So I mean it's it's go ahead,

520
00:32:20,800 --> 00:32:22,720
Speaker 1: oh look, and there there will be people who don't follow,

521
00:32:22,800 --> 00:32:25,800
Speaker 1: but by and large people are following it, and it's

522
00:32:25,840 --> 00:32:28,640
Speaker 1: going to make the lines longer. So I it's not

523
00:32:28,760 --> 00:32:31,440
Speaker 1: necessarily that I'm concerned about. I'm glad that people are voting.

524
00:32:31,480 --> 00:32:34,680
Speaker 1: I would love to see huge turnout UM and in Florida.

525
00:32:34,760 --> 00:32:36,479
Speaker 1: You know, we're seeing that some of the biggest turnout

526
00:32:36,520 --> 00:32:39,680
Speaker 1: in South Florida is actually in UM really GOP heavy

527
00:32:40,000 --> 00:32:43,920
Speaker 1: Cuban American precincts. And so this story really it's not

528
00:32:44,080 --> 00:32:46,480
Speaker 1: like it's a hundred percent yeah really, and so it's

529
00:32:46,480 --> 00:32:50,240
Speaker 1: not a UM. You know that we're just seeing overwhelming

530
00:32:50,280 --> 00:32:54,160
Speaker 1: turnout just from one segment. We're seeing huge turnout across

531
00:32:54,240 --> 00:32:57,320
Speaker 1: the board. Texas is interesting because they've made voting by

532
00:32:57,400 --> 00:33:00,360
Speaker 1: mail very difficult. It's basically, UM, if you're not a

533
00:33:00,440 --> 00:33:02,960
Speaker 1: senior citizen, it's very hard to vote by mail in Texas.

534
00:33:03,360 --> 00:33:05,719
Speaker 1: It's one of the only swing states we're voting by

535
00:33:05,800 --> 00:33:08,480
Speaker 1: mail has a lot of barriers. Most of the other

536
00:33:08,560 --> 00:33:13,040
Speaker 1: big swing states. I'm talking Pennsylvania, Michigan, Florida, North Carolina

537
00:33:13,400 --> 00:33:17,120
Speaker 1: voting by mail is much easier. We should expect turnout

538
00:33:17,360 --> 00:33:20,840
Speaker 1: to just break every record we've ever seen it. See

539
00:33:20,960 --> 00:33:23,800
Speaker 1: this is and I know I joke with them very frequently,

540
00:33:23,920 --> 00:33:26,760
Speaker 1: but I always tell our our team, I mean Tyler

541
00:33:26,880 --> 00:33:29,160
Speaker 1: Deeton right there and Kevin Walling in the in the

542
00:33:29,280 --> 00:33:33,240
Speaker 1: last block, is this is why I'm so grateful, because

543
00:33:33,280 --> 00:33:36,400
Speaker 1: they make this show smarter because they really are on

544
00:33:36,920 --> 00:33:40,120
Speaker 1: the political front lines in terms of the staffs, who

545
00:33:40,160 --> 00:33:44,040
Speaker 1: they're talking to. They live in this world and and

546
00:33:44,120 --> 00:33:47,320
Speaker 1: now it's virtual. But I mean that right there, you know,

547
00:33:47,760 --> 00:33:51,160
Speaker 1: is is fascinated because this notion Kevin Walling that the

548
00:33:51,320 --> 00:33:55,440
Speaker 1: early mail in ballots are just a win for Democrats

549
00:33:56,000 --> 00:33:59,000
Speaker 1: was just shattered by by by Tyler Deeton. It's more

550
00:33:59,080 --> 00:34:01,640
Speaker 1: complex than that. It's not that if you're a Republican,

551
00:34:01,680 --> 00:34:04,360
Speaker 1: you're not going to cast a ballot early. And so

552
00:34:04,560 --> 00:34:09,120
Speaker 1: I'm curious, if you're a President Trump, what your your

553
00:34:09,200 --> 00:34:12,840
Speaker 1: last opportunity at this debate in Nashville, Kevin Wahling, what

554
00:34:13,040 --> 00:34:16,400
Speaker 1: you're closing argument is not just from a COVID nineteen perspective,

555
00:34:16,719 --> 00:34:21,560
Speaker 1: but also from an early voting perspective. Yeah, Kevin, I

556
00:34:21,600 --> 00:34:23,799
Speaker 1: mean it to Tala's point, I always learn more when

557
00:34:23,800 --> 00:34:25,800
Speaker 1: I'm on a panel with Taller as well. But the

558
00:34:25,920 --> 00:34:28,320
Speaker 1: fact that the most surprising thing that he said to

559
00:34:28,360 --> 00:34:31,319
Speaker 1: me was that we're considering Texas to be a battleground state.

560
00:34:31,400 --> 00:34:33,040
Speaker 1: I mean that is just a reflection of just how

561
00:34:34,239 --> 00:34:38,520
Speaker 1: has so changed the way that we're viewing the map

562
00:34:39,120 --> 00:34:41,839
Speaker 1: um heading into this election cycle. And if you're your

563
00:34:41,880 --> 00:34:45,400
Speaker 1: President Trump, You're hoping that, you know, Joe Biden passes

564
00:34:45,440 --> 00:34:48,719
Speaker 1: out on the debate stage, bar barring that. I don't

565
00:34:48,800 --> 00:34:52,359
Speaker 1: think Tala's point anything will really change at that point.

566
00:34:52,440 --> 00:34:55,120
Speaker 1: We're twelve days after the election, Tens of millions of

567
00:34:55,200 --> 00:34:57,799
Speaker 1: voters have already gone to the polls, and there's really

568
00:34:57,880 --> 00:35:01,080
Speaker 1: nothing that I think the President and due to change

569
00:35:01,400 --> 00:35:05,000
Speaker 1: that momentum heading into the final stretch. One interesting thing

570
00:35:05,080 --> 00:35:07,720
Speaker 1: I'm seeing in these early voting numbers is that about

571
00:35:07,800 --> 00:35:10,799
Speaker 1: one in five ballots cast, whether it be by mail

572
00:35:10,960 --> 00:35:13,120
Speaker 1: or early vote, is by a voter who did not

573
00:35:13,280 --> 00:35:17,480
Speaker 1: vote in. Now it's any question whether it's that secret

574
00:35:17,520 --> 00:35:20,879
Speaker 1: Trump voter that the President is clinging onto, that Bill

575
00:35:20,880 --> 00:35:23,759
Speaker 1: Stepi and his campaign manager is clinging on to that

576
00:35:23,920 --> 00:35:26,680
Speaker 1: there are disaffected white working class folks that did not

577
00:35:26,760 --> 00:35:30,000
Speaker 1: show up in but are now motivated to turn out

578
00:35:30,040 --> 00:35:34,120
Speaker 1: to protect their president. Or is an enthusiasm among Democrats,

579
00:35:34,440 --> 00:35:37,160
Speaker 1: many of whom again stayed home in because of a

580
00:35:37,200 --> 00:35:40,239
Speaker 1: lack of enthusiasm for Secretary Clinton, especially in a lot

581
00:35:40,280 --> 00:35:43,160
Speaker 1: of these urban centers. Are they turning out now for

582
00:35:43,280 --> 00:35:46,879
Speaker 1: Joe Biden either out of a desire to install Joe

583
00:35:46,920 --> 00:35:50,839
Speaker 1: Biden to deal with this coronavirus or to remove President Trump,

584
00:35:50,920 --> 00:35:54,160
Speaker 1: who they failed on the COVID front. I got. I

585
00:35:54,280 --> 00:35:56,680
Speaker 1: literally have fort or five seconds left, so very quickly

586
00:35:57,080 --> 00:35:59,440
Speaker 1: to you to follow up, Kevin, I mean, are they

587
00:35:59,440 --> 00:36:02,080
Speaker 1: Trump voters or are they are they bottom voters? What's

588
00:36:02,080 --> 00:36:04,719
Speaker 1: your prediction? I mean, I think the vast majority of them,

589
00:36:04,800 --> 00:36:06,720
Speaker 1: if you look at where they're turning in these balants

590
00:36:06,760 --> 00:36:10,040
Speaker 1: one and five again are in Democratic precincts that are

591
00:36:10,120 --> 00:36:13,799
Speaker 1: newly energized. A lot of them are new vote, new voters, uh,

592
00:36:14,239 --> 00:36:17,880
Speaker 1: not just voters that didn't participate in but have not

593
00:36:18,000 --> 00:36:21,000
Speaker 1: participated in the past. So I think if you're looking

594
00:36:21,040 --> 00:36:23,440
Speaker 1: at that figure alone, I think that's a good thing

595
00:36:23,520 --> 00:36:26,920
Speaker 1: for Joe Biden. Alright, fascinating, all right, Coming up next,

596
00:36:27,000 --> 00:36:28,799
Speaker 1: we check out with Congressman Kembuck and then the Pan

597
00:36:28,880 --> 00:36:31,880
Speaker 1: overturns and they tell me what's on their radar of

598
00:36:32,040 --> 00:36:39,120
Speaker 1: Kevin Cirelli. You're listening Bloomberg. You're listening to Bloomberg Sound

599
00:36:39,200 --> 00:36:43,200
Speaker 1: On with Kevin Currele on Bloomberg and one oh five

600
00:36:43,239 --> 00:36:46,720
Speaker 1: point seven f m h D two. I'm Kevin Cereli,

601
00:36:46,800 --> 00:36:50,520
Speaker 1: Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

602
00:36:50,640 --> 00:36:55,440
Speaker 1: The US Justice Department sued alphabet's Google, accusing it of

603
00:36:55,520 --> 00:36:59,880
Speaker 1: abusing its monopoly in search, in the most significant antitrust

604
00:37:00,000 --> 00:37:05,640
Speaker 1: action against an American company and more than two decades. Google,

605
00:37:05,960 --> 00:37:12,000
Speaker 1: which controls get this of the online search market in

606
00:37:12,080 --> 00:37:16,400
Speaker 1: the United States, is the quote unchallenged gateway end quote

607
00:37:16,680 --> 00:37:20,440
Speaker 1: to the Internet and engaged in a variety of anti

608
00:37:20,520 --> 00:37:25,880
Speaker 1: competitive practices to maintain and extend its monopoly, the government

609
00:37:25,960 --> 00:37:29,800
Speaker 1: said in a complaint filed Tuesday in Washington. One of

610
00:37:29,880 --> 00:37:34,440
Speaker 1: the key Republican lawmakers in this field now joins me

611
00:37:34,880 --> 00:37:36,800
Speaker 1: on the line. He's been he's returned to the program,

612
00:37:36,880 --> 00:37:40,000
Speaker 1: Congressman Kent Buck, a Republican from Colorado. Congressman, thank you

613
00:37:40,080 --> 00:37:42,640
Speaker 1: so much, sir for making the time with me. I mean,

614
00:37:42,760 --> 00:37:47,360
Speaker 1: this is a a a blistering, blistering, uh critique of

615
00:37:47,600 --> 00:37:51,080
Speaker 1: of Google. From the perspective of Attorney General William Barr.

616
00:37:51,560 --> 00:37:53,719
Speaker 1: I know you've had a chance to to go through it.

617
00:37:54,239 --> 00:37:58,680
Speaker 1: What are your takeaways? Well, one, I think it's justified

618
00:37:58,760 --> 00:38:04,040
Speaker 1: to I think that it's long overdue, Chairman says Leney, Democrat,

619
00:38:04,160 --> 00:38:07,399
Speaker 1: chairman of the Antitrust up Committee said those very words

620
00:38:07,440 --> 00:38:09,759
Speaker 1: that it's long overdue, and I think that it is

621
00:38:10,280 --> 00:38:14,000
Speaker 1: uh something that will take years to decide in the courts.

622
00:38:14,560 --> 00:38:17,480
Speaker 1: But I am really happy that the process has started

623
00:38:17,600 --> 00:38:20,800
Speaker 1: right now. So that's what I want to examine is

624
00:38:21,719 --> 00:38:23,640
Speaker 1: and I say this, you know, and I'm not in

625
00:38:23,719 --> 00:38:26,600
Speaker 1: the hypotheticals, but we are close for a couple of

626
00:38:26,719 --> 00:38:29,480
Speaker 1: two weeks away from from the presidential election and from

627
00:38:29,520 --> 00:38:33,480
Speaker 1: downballot races and whatnot. Should and I'm not saying that

628
00:38:33,560 --> 00:38:36,319
Speaker 1: you're predicting that this will happen, but should Joe Biden win,

629
00:38:37,040 --> 00:38:40,920
Speaker 1: what are the chances that this case continues in a

630
00:38:41,000 --> 00:38:47,120
Speaker 1: Biden administration. Well, I think that it's very likely to continue.

631
00:38:47,160 --> 00:38:50,080
Speaker 1: There may be some strategic decisions that would be altered

632
00:38:50,120 --> 00:38:53,280
Speaker 1: in a Biden administration, but I think it's likely to continue.

633
00:38:53,360 --> 00:38:58,239
Speaker 1: It would be um, I think politically embarrassing for an

634
00:38:58,239 --> 00:39:02,080
Speaker 1: administration to walk away on a case that most Americans

635
00:39:02,360 --> 00:39:06,400
Speaker 1: see an obvious need for. Okay, because that's that's really interesting,

636
00:39:06,520 --> 00:39:09,879
Speaker 1: and just from from your perspective, I mean, it's it's

637
00:39:10,200 --> 00:39:13,279
Speaker 1: it's really fascinating. Just as I went through this report today,

638
00:39:13,360 --> 00:39:16,120
Speaker 1: the complaint is the first phase of what's shaping up

639
00:39:16,200 --> 00:39:20,200
Speaker 1: as a multi pronged attacked against Google. Texas Attorney General

640
00:39:20,320 --> 00:39:23,600
Speaker 1: Ken Paxton is preparing a complaint against the company over

641
00:39:23,680 --> 00:39:27,240
Speaker 1: its conduct in the digital advertising market, where it controls

642
00:39:27,320 --> 00:39:30,600
Speaker 1: much of the technology used by advertisers and publishers to

643
00:39:30,760 --> 00:39:34,400
Speaker 1: buy and sell display ads across the web. Meanwhile, a

644
00:39:34,560 --> 00:39:37,680
Speaker 1: separate group of states, including your states are of Colorado

645
00:39:37,840 --> 00:39:42,040
Speaker 1: and Iowa, are investigating Google search practices and said that

646
00:39:42,120 --> 00:39:45,040
Speaker 1: their probe will conclude in the coming weeks. I mean, so,

647
00:39:45,239 --> 00:39:49,320
Speaker 1: just from a broader perspective, what's you You mentioned that

648
00:39:49,400 --> 00:39:52,319
Speaker 1: this could last close to a decade. I mean, what's

649
00:39:52,360 --> 00:39:57,200
Speaker 1: the message here for Google? Well, I think Google has

650
00:39:57,200 --> 00:39:59,279
Speaker 1: gotten away with cheating for a long time, and I

651
00:39:59,360 --> 00:40:02,680
Speaker 1: think that it is obvious to those of us in

652
00:40:03,320 --> 00:40:07,000
Speaker 1: policy positions that something has to be done, and I

653
00:40:07,120 --> 00:40:09,880
Speaker 1: think that the marketplace will be improved as a result.

654
00:40:10,200 --> 00:40:13,320
Speaker 1: But the message to Google is um, I hope that

655
00:40:13,920 --> 00:40:16,439
Speaker 1: they should recognize that what they've been doing is wrong,

656
00:40:16,640 --> 00:40:19,000
Speaker 1: and they should come to the table and try to

657
00:40:19,120 --> 00:40:23,600
Speaker 1: restructure in a way that doesn't stifle innovation, but that

658
00:40:23,760 --> 00:40:26,520
Speaker 1: really creates innovation. If you look at what happened after

659
00:40:26,560 --> 00:40:31,680
Speaker 1: the Microsoft case, Google, Amazon a lot of these companies

660
00:40:32,120 --> 00:40:36,160
Speaker 1: got their start as a result of Microsoft not being

661
00:40:36,200 --> 00:40:38,799
Speaker 1: able to smother competition, you know, And I think that's

662
00:40:38,840 --> 00:40:40,839
Speaker 1: a really great point. I know, my colleague Taylor Riggs

663
00:40:40,840 --> 00:40:43,239
Speaker 1: asked you about this earlier on Bloomer TV, and I

664
00:40:43,280 --> 00:40:45,399
Speaker 1: thought it was interesting. But you know, let me follow

665
00:40:45,480 --> 00:40:50,080
Speaker 1: up on that on that point. Entrepreneurship, entrepreneurship is a

666
00:40:50,360 --> 00:40:55,040
Speaker 1: is a pillar of American uh, the American economy. And

667
00:40:55,200 --> 00:40:58,479
Speaker 1: so even regardless of whether or not uh this case

668
00:40:58,560 --> 00:41:00,680
Speaker 1: lass or or or what not. I mean, there's some

669
00:41:00,840 --> 00:41:03,520
Speaker 1: kid out there, uh and and some part of the

670
00:41:03,560 --> 00:41:07,759
Speaker 1: country who's conjuring, who's can you know, manifesting some uh

671
00:41:08,280 --> 00:41:10,560
Speaker 1: new thing that none of us have even thought of.

672
00:41:10,960 --> 00:41:13,879
Speaker 1: And so I guess what I think of what other

673
00:41:14,000 --> 00:41:16,239
Speaker 1: search engine there is? Yes, we all can name a few,

674
00:41:16,360 --> 00:41:20,560
Speaker 1: but Google. I didn't realize what I had a guest

675
00:41:20,640 --> 00:41:23,239
Speaker 1: on the program earlier, Congressman full Disclosure, who took an

676
00:41:23,239 --> 00:41:26,640
Speaker 1: opposite position of the position that that you're articulating. And

677
00:41:27,360 --> 00:41:30,040
Speaker 1: what he said to me was that the document didn't

678
00:41:30,440 --> 00:41:35,560
Speaker 1: provide enough data for why the consumer is um is

679
00:41:36,160 --> 00:41:40,400
Speaker 1: hurt by there being just one search engine. But I

680
00:41:40,560 --> 00:41:43,800
Speaker 1: think from let me ask you. I mean, if you

681
00:41:44,000 --> 00:41:47,919
Speaker 1: get into Google and alphabet it it's they're not making

682
00:41:47,960 --> 00:41:50,920
Speaker 1: their money off of what you google per se. It's

683
00:41:51,040 --> 00:41:55,600
Speaker 1: it's much more complex than that. Absolutely, it's more complex

684
00:41:55,640 --> 00:42:00,720
Speaker 1: than they sell advertising. They sell advertising by selling private

685
00:42:01,280 --> 00:42:06,920
Speaker 1: decisions that consumers make when they go on and search um.

686
00:42:07,000 --> 00:42:09,279
Speaker 1: And not only do they do that, they also are

687
00:42:09,400 --> 00:42:12,720
Speaker 1: are gathering information from other search engines with with various

688
00:42:12,800 --> 00:42:15,680
Speaker 1: products that they have, and they really have a market

689
00:42:15,920 --> 00:42:19,920
Speaker 1: on the decisions that are being made by individuals and

690
00:42:20,000 --> 00:42:23,840
Speaker 1: how advertisers can take advantage of those decisions. And what

691
00:42:24,000 --> 00:42:26,600
Speaker 1: should happen in a free market, What should happen if

692
00:42:26,640 --> 00:42:29,560
Speaker 1: there are five or six different search engines of of

693
00:42:30,040 --> 00:42:34,960
Speaker 1: uh fairly equal size, is those search engines should reward

694
00:42:35,120 --> 00:42:39,880
Speaker 1: should compensate users for that private information when you have

695
00:42:40,000 --> 00:42:42,640
Speaker 1: one search engine and doesn't need to do that. But eventually,

696
00:42:42,760 --> 00:42:46,720
Speaker 1: what we hope to get to our several search engines

697
00:42:47,120 --> 00:42:51,080
Speaker 1: that will compete for business um with consumers by paying

698
00:42:51,120 --> 00:42:55,160
Speaker 1: those consumers for that kind of data. And and and

699
00:42:55,320 --> 00:42:58,120
Speaker 1: just you know, and this is what the other is

700
00:42:58,320 --> 00:43:00,960
Speaker 1: the other question that I have specifically that Congressman Kembuck

701
00:43:00,960 --> 00:43:04,680
Speaker 1: has met us. He's a Republican from Colorado and one

702
00:43:04,719 --> 00:43:07,759
Speaker 1: of the top Republicans on the issue of big tech

703
00:43:07,840 --> 00:43:11,000
Speaker 1: in the conversation and the Republican Party pertaining big tech

704
00:43:11,080 --> 00:43:13,560
Speaker 1: in and what needs to happen with big tech. But

705
00:43:13,840 --> 00:43:17,719
Speaker 1: in terms of the landscape with China, and this is

706
00:43:17,760 --> 00:43:19,360
Speaker 1: what I you know, and this is I say this

707
00:43:19,520 --> 00:43:21,320
Speaker 1: in a you know, I asked this with respect, but

708
00:43:22,360 --> 00:43:25,560
Speaker 1: why China is not going to take down their version

709
00:43:25,600 --> 00:43:29,320
Speaker 1: of Google version? So how do how does the US

710
00:43:29,760 --> 00:43:36,520
Speaker 1: manage US monopolies without hurting their competition in the global marketplace? Well,

711
00:43:36,520 --> 00:43:38,920
Speaker 1: I would reverse that question, Kevin, I would ask you,

712
00:43:39,239 --> 00:43:42,840
Speaker 1: how do we maintain our position as the leader in

713
00:43:42,920 --> 00:43:47,120
Speaker 1: the world in innovation if we have companies like Google

714
00:43:47,200 --> 00:43:51,080
Speaker 1: and Amazon and Facebook and Apple and Twitter stifling innovation.

715
00:43:51,440 --> 00:43:53,440
Speaker 1: The only way to stay ahead of a of a

716
00:43:53,520 --> 00:43:56,480
Speaker 1: country like China is to out innovate the country. We're

717
00:43:56,520 --> 00:44:00,319
Speaker 1: never going to have labor wages that that are as

718
00:44:00,400 --> 00:44:04,160
Speaker 1: low as as as China and other countries, um in

719
00:44:04,600 --> 00:44:07,040
Speaker 1: India and other countries. And so the only way for

720
00:44:07,280 --> 00:44:11,040
Speaker 1: us to maintain our economic position is through innovation. And

721
00:44:11,160 --> 00:44:14,000
Speaker 1: we can't afford to have companies that are stifling innovation

722
00:44:14,360 --> 00:44:17,400
Speaker 1: in this country. It's innovation. It all comes down to innovation.

723
00:44:17,440 --> 00:44:19,600
Speaker 1: All right, Switching gears. Now you are in a battleground state.

724
00:44:19,680 --> 00:44:22,759
Speaker 1: What are you noticing in Colorado as we're just two

725
00:44:22,760 --> 00:44:26,840
Speaker 1: weeks away from the election. Well, I have two ads

726
00:44:27,040 --> 00:44:30,000
Speaker 1: um as you know, Kevin, I'm the state Republican chair

727
00:44:30,040 --> 00:44:33,239
Speaker 1: in Colorado also, and I think right now that the

728
00:44:33,360 --> 00:44:37,600
Speaker 1: Democrats are out voting Republicans. I think Republicans are holding

729
00:44:37,600 --> 00:44:40,879
Speaker 1: onto their ballots waiting for the polling places to open

730
00:44:40,960 --> 00:44:43,480
Speaker 1: so they can physically deliver their ballot rather than mail

731
00:44:43,520 --> 00:44:49,120
Speaker 1: it in and hope to see a Republican surge coming

732
00:44:49,160 --> 00:44:52,520
Speaker 1: in the next week or ten days with those ballots.

733
00:44:52,600 --> 00:44:56,239
Speaker 1: But right now, I think Corey Gardner and John Hick

734
00:44:56,239 --> 00:44:58,600
Speaker 1: and Loop are running very close to each other, closer

735
00:44:58,640 --> 00:45:01,359
Speaker 1: than in the polls would indicate. And I think that, uh,

736
00:45:01,680 --> 00:45:06,680
Speaker 1: we are going to see a a good election outcome

737
00:45:06,800 --> 00:45:10,520
Speaker 1: in Colorado. And then finally, on the issue of fiscal stimulus,

738
00:45:10,680 --> 00:45:12,239
Speaker 1: what what would you I know you're in the House,

739
00:45:12,520 --> 00:45:14,880
Speaker 1: but what would you advise Senate Majority Leader Mitch McConnell

740
00:45:14,920 --> 00:45:19,759
Speaker 1: to do should Speaker Pelosian President Trump get to a deal. Well,

741
00:45:19,800 --> 00:45:23,640
Speaker 1: our advice, uh, um Leader McConnell to to make sure

742
00:45:23,760 --> 00:45:27,440
Speaker 1: that whatever deal he puts on the Senate floor um

743
00:45:27,680 --> 00:45:31,080
Speaker 1: is a fiscally sound deal. We cannot continue to increase

744
00:45:31,160 --> 00:45:33,640
Speaker 1: debt in this country. We have to make sure we

745
00:45:33,719 --> 00:45:36,640
Speaker 1: take care of those who are working, are out of work,

746
00:45:36,680 --> 00:45:39,520
Speaker 1: and those who are in small businesses that are suffering

747
00:45:39,640 --> 00:45:43,000
Speaker 1: right now. And that's an absolute must. But the pork

748
00:45:43,080 --> 00:45:47,239
Speaker 1: has got to be uh carved off of this legislation

749
00:45:47,400 --> 00:45:51,840
Speaker 1: before it becomes law. So if he doesn't go above,

750
00:45:52,400 --> 00:45:54,920
Speaker 1: you know, the seven hundred billion that that he's been

751
00:45:55,040 --> 00:45:57,719
Speaker 1: been talking about, it sounds like you, sir, I think

752
00:45:57,760 --> 00:46:01,480
Speaker 1: that's that's the right approach. I absolutely think that's all

753
00:46:01,520 --> 00:46:06,560
Speaker 1: right approach. I think that we are in the short

754
00:46:06,680 --> 00:46:10,399
Speaker 1: term trying to at least Speaker Pelosi, in the short

755
00:46:10,520 --> 00:46:12,320
Speaker 1: term trying to play a political game. But in the

756
00:46:12,440 --> 00:46:17,360
Speaker 1: long term, uh, the the crash of this country's financial

757
00:46:17,440 --> 00:46:21,040
Speaker 1: system is going to be much more severe to human

758
00:46:21,160 --> 00:46:25,200
Speaker 1: health than COVID is. Congressman Kembuck, Republican from Colorado, such

759
00:46:25,239 --> 00:46:28,680
Speaker 1: important perspective, particularly there on that last point. Thank you

760
00:46:28,760 --> 00:46:30,560
Speaker 1: so much, sir, for for giving me some of your

761
00:46:30,600 --> 00:46:32,520
Speaker 1: time today on what I know is a very very

762
00:46:32,560 --> 00:46:34,160
Speaker 1: busy day for you. Coming up next? What's on the

763
00:46:34,200 --> 00:46:37,759
Speaker 1: panel's radar. I'm Kevin Cirelli. You're listening to Bloomberg One.

764
00:46:39,440 --> 00:46:43,960
Speaker 1: This is Bloomberg Sound On with Kevin Surrel on Bloomberg

765
00:46:45,120 --> 00:46:47,480
Speaker 1: and one oh five point seven F M h D two.

766
00:46:48,600 --> 00:46:52,279
Speaker 1: I'm Kevin SURREALI Chief Washington correspondent for Bloomberg Television and

767
00:46:52,520 --> 00:46:55,600
Speaker 1: for Bloomberg Radio. Reminder, you can catch our special coverage

768
00:46:56,080 --> 00:47:01,120
Speaker 1: of the final presidential debate on Thursday. I'm heading to Nashville.

769
00:47:02,000 --> 00:47:05,440
Speaker 1: Joining me on the all star panel line Kevin Walling,

770
00:47:05,680 --> 00:47:09,760
Speaker 1: Democratic strategist at h G Creative Media. Tyler Deaton, Republican

771
00:47:09,800 --> 00:47:13,200
Speaker 1: strategists and fundraiser, president of Allegiance Strategies. Tyler, you ever

772
00:47:13,280 --> 00:47:16,560
Speaker 1: been in Nashville? I have. I mean I grew up

773
00:47:16,560 --> 00:47:19,200
Speaker 1: in Alabama, so I've been to Nashville, a lot of Alabama.

774
00:47:19,800 --> 00:47:23,759
Speaker 1: Some of the hot chickens I love well. I genuinely

775
00:47:24,200 --> 00:47:27,520
Speaker 1: love hot wings. And in fact, when I convinced Craig Gordon,

776
00:47:27,680 --> 00:47:30,719
Speaker 1: the Washington bureau chief of Bloomberg News to hire me,

777
00:47:31,239 --> 00:47:34,640
Speaker 1: uh about more than five years ago, we had hot

778
00:47:34,719 --> 00:47:39,000
Speaker 1: Wings and I pitched him over why you should hire me? Uh, Tyler,

779
00:47:39,520 --> 00:47:41,520
Speaker 1: where do you know a good recommendation? I'm always on

780
00:47:41,560 --> 00:47:42,960
Speaker 1: the on the prow for a good place to get

781
00:47:43,000 --> 00:47:44,759
Speaker 1: hot wings. I'll find you one. But I mean, you

782
00:47:44,840 --> 00:47:47,640
Speaker 1: can't go wrong with Nashville hot chicken. There's probably five

783
00:47:47,760 --> 00:47:49,960
Speaker 1: places that are famous. I'll sent them to you. I

784
00:47:50,040 --> 00:47:52,279
Speaker 1: appreciate that, Tyler, thank you so much. I know you're busy,

785
00:47:52,320 --> 00:47:56,719
Speaker 1: and I really appreciate that. Kevin Walling, have you ever

786
00:47:56,800 --> 00:48:00,640
Speaker 1: been to Nashville? I have years of know there's a

787
00:48:00,800 --> 00:48:04,920
Speaker 1: silly thing called the American Association of Political Consultants Republicans

788
00:48:04,960 --> 00:48:09,400
Speaker 1: and Democrats. And I'm sorry, I'm sorry. I couldn't help it.

789
00:48:09,920 --> 00:48:12,000
Speaker 1: I couldn't help it. I have a nerd too, but

790
00:48:12,040 --> 00:48:14,239
Speaker 1: I'm sorry. That was fine. I just you set yourself up.

791
00:48:14,840 --> 00:48:18,000
Speaker 1: Sorry I did. I did. But the conferences there years ago,

792
00:48:18,080 --> 00:48:24,440
Speaker 1: and I actually had a blast. Well, uh, there's a

793
00:48:24,480 --> 00:48:26,719
Speaker 1: lot of drinking involved too, so I don't really group.

794
00:48:27,280 --> 00:48:30,160
Speaker 1: But there's a lot of great honky tonks on that

795
00:48:30,320 --> 00:48:34,839
Speaker 1: main street right by uh the uh the museum down

796
00:48:34,880 --> 00:48:37,360
Speaker 1: there in the stadi or the arena, and it's just

797
00:48:37,600 --> 00:48:40,120
Speaker 1: a blast. Alright, Well, cowboy Keev's gonna put on his

798
00:48:40,280 --> 00:48:43,759
Speaker 1: uh his country boots and uh, maybe I'll maybe I'll

799
00:48:43,800 --> 00:48:47,480
Speaker 1: get some some hot chicken and just covered the debate

800
00:48:47,520 --> 00:48:51,000
Speaker 1: in the cowboy hat. You know, Tom Keane would be proud. Okay,

801
00:48:51,320 --> 00:48:54,200
Speaker 1: time now for my favorite part of the program, which

802
00:48:54,320 --> 00:48:57,960
Speaker 1: is what is on your radar? Kevin Walling? What is

803
00:48:58,000 --> 00:49:01,719
Speaker 1: on your radar? So I've got a new piece out

804
00:49:02,280 --> 00:49:05,120
Speaker 1: this week in the Hill talking about the total dominance

805
00:49:05,880 --> 00:49:08,800
Speaker 1: that Team Biden has on the airwaves that you know,

806
00:49:09,360 --> 00:49:13,839
Speaker 1: Donald Trump is a creature of television The Apprentice fourteen seasons. Uh.

807
00:49:14,000 --> 00:49:17,239
Speaker 1: And just because of the huge fundraising advantage in the

808
00:49:17,320 --> 00:49:20,040
Speaker 1: final months, which was kind of unpredicted that no one

809
00:49:20,120 --> 00:49:22,640
Speaker 1: saw this coming in terms of Biden having more cash

810
00:49:22,719 --> 00:49:24,960
Speaker 1: on hand. The story was always the amount of money

811
00:49:25,040 --> 00:49:27,960
Speaker 1: that that Trump would have to play with. Uh. Is

812
00:49:28,000 --> 00:49:30,399
Speaker 1: the fact that Biden is outspending Trump two to one

813
00:49:30,920 --> 00:49:34,400
Speaker 1: UH in most of these battleground states. Uh, He's out

814
00:49:34,440 --> 00:49:37,600
Speaker 1: spending him in every state except Georgia at the moment. UH.

815
00:49:37,960 --> 00:49:42,440
Speaker 1: In those three critical states of Wisconsin, Michigan, Pennsylvania, He's

816
00:49:42,520 --> 00:49:45,920
Speaker 1: He's spent about forty million dollars than Trump has in

817
00:49:45,920 --> 00:49:48,880
Speaker 1: the last two weeks and has just totally blanketed the

818
00:49:48,880 --> 00:49:51,399
Speaker 1: airwaves in a way that Trump can't can't compete. Bill

819
00:49:51,400 --> 00:49:53,600
Speaker 1: STEPPI in the campaign manager is making a lot of

820
00:49:53,640 --> 00:49:56,319
Speaker 1: tough decisions about where to pull media money from UH

821
00:49:56,440 --> 00:49:58,919
Speaker 1: and and I think this is something that was really

822
00:49:59,000 --> 00:50:03,160
Speaker 1: unexpected last summer heading into into the fall. Tyler, before

823
00:50:03,200 --> 00:50:04,680
Speaker 1: I ask you what's on your radar, I want you

824
00:50:04,760 --> 00:50:09,960
Speaker 1: to weigh in on on what Kevin just said. All

825
00:50:10,080 --> 00:50:15,200
Speaker 1: I would add is that, um, the cash is not everything. UM.

826
00:50:15,520 --> 00:50:20,080
Speaker 1: Biden is outspending Trump by a greater degree than Hillary

827
00:50:20,200 --> 00:50:23,120
Speaker 1: Clinton outspent Trump. UM. But we all just have to

828
00:50:23,160 --> 00:50:26,000
Speaker 1: remember Hillary Clinton did outspend Trump. She outspent him by

829
00:50:26,040 --> 00:50:28,400
Speaker 1: about a third, and of course she did not win

830
00:50:28,440 --> 00:50:31,120
Speaker 1: in the electoral college. I think that some of these

831
00:50:31,160 --> 00:50:34,040
Speaker 1: states where the Trump campaign is pulling their money, they

832
00:50:34,080 --> 00:50:36,320
Speaker 1: maybe shouldn't have been spending in the first place. I

833
00:50:36,440 --> 00:50:40,719
Speaker 1: don't buy that Minnesota was ever really on the table um.

834
00:50:40,800 --> 00:50:42,200
Speaker 1: And so I think what we're seeing is that the

835
00:50:42,280 --> 00:50:44,479
Speaker 1: dollars that are left are going to be condensed into

836
00:50:44,600 --> 00:50:47,000
Speaker 1: the three or four states that will actually determine the

837
00:50:47,160 --> 00:50:50,839
Speaker 1: electoral college result. And the Trump campaign has enough money

838
00:50:50,960 --> 00:50:53,759
Speaker 1: to be competing in those states. And so I just

839
00:50:53,840 --> 00:50:57,440
Speaker 1: don't want people thinking that the cash advantage is everything

840
00:50:57,680 --> 00:51:01,120
Speaker 1: or is even determinative. I remember Jet the Bush. I

841
00:51:01,160 --> 00:51:03,320
Speaker 1: remember Jeb Bush had a lot of money back in

842
00:51:04,400 --> 00:51:08,680
Speaker 1: and in New Hampshire. They they gave they like had

843
00:51:08,760 --> 00:51:14,400
Speaker 1: Jeb Bush uh uh, like pamphlet fans or something. It

844
00:51:14,520 --> 00:51:18,800
Speaker 1: was some bizarre thing that was really expensive but it

845
00:51:19,239 --> 00:51:22,200
Speaker 1: didn't work um or like an ice scraper. It was.

846
00:51:22,320 --> 00:51:25,480
Speaker 1: It was some I'll think of it and I'll follow up,

847
00:51:25,680 --> 00:51:28,040
Speaker 1: and I will. I don't remember either, but I will

848
00:51:28,080 --> 00:51:30,239
Speaker 1: give the Biden campaign credit. I think that they are

849
00:51:30,320 --> 00:51:35,360
Speaker 1: spending their TV dollars intelligently. I think that they're spending

850
00:51:35,400 --> 00:51:37,839
Speaker 1: it intelligently. I do think that there's more to pick

851
00:51:37,880 --> 00:51:40,640
Speaker 1: apart um. The Trump campaign has spent over one and

852
00:51:40,680 --> 00:51:43,760
Speaker 1: a half million dollars in the d C metro media market,

853
00:51:44,560 --> 00:51:47,320
Speaker 1: mainly because that's where the president is watching TV. And

854
00:51:47,480 --> 00:51:49,880
Speaker 1: that's one and a half million dollars down the drains.

855
00:51:49,960 --> 00:51:51,840
Speaker 1: And so, you know, you can't find those sorts of

856
00:51:52,000 --> 00:51:55,120
Speaker 1: mistakes or miss spins on the Biden campaign, at least

857
00:51:55,160 --> 00:51:57,480
Speaker 1: that I'm aware of. I mean, I'm not gonna it's

858
00:51:57,520 --> 00:52:00,399
Speaker 1: the DC, you know. I mean, Tyler, what's your radar.

859
00:52:01,800 --> 00:52:03,799
Speaker 1: I guess we'll tell my radar. Is this Supreme Court

860
00:52:03,880 --> 00:52:07,400
Speaker 1: decision on the Pennsylvania vote, I think that they dodge

861
00:52:07,520 --> 00:52:11,120
Speaker 1: hire election. Look, they well, well they didn't really dodge it.

862
00:52:11,200 --> 00:52:13,080
Speaker 1: It's that they didn't have the votes to come down

863
00:52:13,120 --> 00:52:15,680
Speaker 1: either way, and the result was that the ruling of

864
00:52:15,719 --> 00:52:20,000
Speaker 1: the Pennsylvania Supreme Court stood. This means that Pennsylvania ballots

865
00:52:20,080 --> 00:52:23,239
Speaker 1: will have three extra days to make it in. UM.

866
00:52:23,480 --> 00:52:28,000
Speaker 1: I think that this has to give an edge to Democrats. UM.

867
00:52:28,160 --> 00:52:31,960
Speaker 1: Already about a million people have voted in Pennsylvania, and

868
00:52:32,360 --> 00:52:36,279
Speaker 1: it is a staggering edge for the Democrats. They are

869
00:52:36,400 --> 00:52:40,000
Speaker 1: right now returning ballots at a little over three to one,

870
00:52:40,120 --> 00:52:42,600
Speaker 1: almost four to one of the ballots already coming in

871
00:52:42,760 --> 00:52:45,759
Speaker 1: or coming from registered Democrats in Pennsylvania. But I think

872
00:52:45,760 --> 00:52:47,479
Speaker 1: that this is a sign of things to come because

873
00:52:47,520 --> 00:52:50,239
Speaker 1: they deadlocked keVs. It was four to four, and so

874
00:52:50,560 --> 00:52:54,400
Speaker 1: with Judge Barrett's nomination pending before the Senate, should she

875
00:52:54,520 --> 00:52:58,239
Speaker 1: be confirmed, which I think is almost certain, UM, you

876
00:52:58,320 --> 00:53:00,080
Speaker 1: know you're not gonna have a high like that to

877
00:53:00,160 --> 00:53:03,160
Speaker 1: the election. You're you're not going to have a uh,

878
00:53:03,480 --> 00:53:05,400
Speaker 1: even the potential of a tie vote on some of

879
00:53:05,480 --> 00:53:08,320
Speaker 1: these things. And I have to imagine that if she

880
00:53:08,480 --> 00:53:11,480
Speaker 1: was already confirmed, that that decision would have gone a

881
00:53:11,520 --> 00:53:14,640
Speaker 1: different way. And so much of these Kevin walling way

882
00:53:14,719 --> 00:53:17,560
Speaker 1: in on that, especially specifically on Pennsylvania and the Supreme Court,

883
00:53:17,640 --> 00:53:20,720
Speaker 1: because so much of these states, as America is about

884
00:53:20,800 --> 00:53:24,880
Speaker 1: to learn, they are all operating on their own laws

885
00:53:25,040 --> 00:53:29,200
Speaker 1: as it relates to counting the ballots, the deadlines for

886
00:53:29,239 --> 00:53:32,680
Speaker 1: the mail in ballots and whatnot. Yeah, it's a whole

887
00:53:32,719 --> 00:53:34,920
Speaker 1: patchwork to Tyler's point, in terms of all these different

888
00:53:35,239 --> 00:53:37,719
Speaker 1: states and their rules. UH. And and of course we

889
00:53:37,800 --> 00:53:40,080
Speaker 1: know North Carolina was the first one. I think that

890
00:53:40,200 --> 00:53:44,560
Speaker 1: folks started voting right after Labor Day, uh, in terms

891
00:53:44,600 --> 00:53:48,760
Speaker 1: of just the earliness of how this cycle has started.

892
00:53:48,840 --> 00:53:51,560
Speaker 1: So it's definitely a patwork. It is an interesting thing

893
00:53:51,920 --> 00:53:54,879
Speaker 1: to see a four for split decision with Justice rod

894
00:53:54,960 --> 00:53:57,800
Speaker 1: Chief Justice Roberts joining the liberals in terms of just

895
00:53:57,920 --> 00:54:01,520
Speaker 1: knocking back to the previous as you know, because the

896
00:54:01,560 --> 00:54:05,640
Speaker 1: lock decision, the previous UH ruling stands in terms of

897
00:54:05,880 --> 00:54:09,080
Speaker 1: what's held. But it will be definitely interesting as as

898
00:54:09,200 --> 00:54:12,520
Speaker 1: the mail ballots come in. Yeah, it definitely will be

899
00:54:12,600 --> 00:54:15,759
Speaker 1: Prince's hot Chicken shack Tyler just texted me, is where

900
00:54:15,840 --> 00:54:19,000
Speaker 1: I need to eat when I am in Nashville, Tennessee.

901
00:54:21,360 --> 00:54:23,040
Speaker 1: I don't think you can go wrong with the prince,

902
00:54:23,440 --> 00:54:26,320
Speaker 1: you know. Hey, listen, I'm I grew up outside of Philly,

903
00:54:26,400 --> 00:54:28,959
Speaker 1: you know, Tony Lukes, I get it. If you invent

904
00:54:29,120 --> 00:54:32,080
Speaker 1: something like the cheese eag you got, you got clout

905
00:54:32,080 --> 00:54:35,560
Speaker 1: in my book. Um, here's it's all my radar. Southern

906
00:54:35,640 --> 00:54:38,880
Speaker 1: States are the seeding center of America's pandemic. Even as

907
00:54:38,920 --> 00:54:42,400
Speaker 1: public attention focuses on the coronavirus outbreak in the Midwest,

908
00:54:42,719 --> 00:54:45,759
Speaker 1: the pandemic is quietly gathering force in a region that

909
00:54:45,840 --> 00:54:49,160
Speaker 1: has already suffered greatly. The South. By absolute numbers, the

910
00:54:49,239 --> 00:54:53,160
Speaker 1: region remains the national center of the pandemic. More people

911
00:54:53,680 --> 00:54:57,880
Speaker 1: are hospitalized with COVID nineteen across the South than in

912
00:54:58,080 --> 00:55:01,440
Speaker 1: any other part of the Unit Ided States. This according

913
00:55:01,480 --> 00:55:05,120
Speaker 1: to the COVID Tracking Project UM it's a big gap,

914
00:55:05,640 --> 00:55:09,759
Speaker 1: with more than seventeen thousand now being treated in Southern hospitals,

915
00:55:10,040 --> 00:55:14,000
Speaker 1: compared with ten thousand in the Midwest and six thousand

916
00:55:14,160 --> 00:55:17,720
Speaker 1: in the West and the Northeast. Mind you, the Northeast,

917
00:55:17,760 --> 00:55:21,160
Speaker 1: which is the sight of the deadliest coronavirus outbreak now

918
00:55:21,360 --> 00:55:26,280
Speaker 1: has thirty thirty four hundred people hospitalized, so seventeen thousand

919
00:55:26,360 --> 00:55:28,479
Speaker 1: people in the hospital with COVID nineteen in the South,

920
00:55:29,440 --> 00:55:33,719
Speaker 1: thirty four hundred hospitalized in the Northeast. Just to be comparative, UM,

921
00:55:33,920 --> 00:55:35,960
Speaker 1: And this is the chart, honestly, and I'm not you know,

922
00:55:36,760 --> 00:55:38,399
Speaker 1: this is the chart I check every day, the daily

923
00:55:38,440 --> 00:55:41,400
Speaker 1: COVID nineteen cases by region, And to be honest, I

924
00:55:41,480 --> 00:55:44,520
Speaker 1: think it could be there's political implications to this chart too.

925
00:55:45,200 --> 00:55:47,880
Speaker 1: So my thanks to Tyler Deaton, my thanks to Kevin Wahling,

926
00:55:47,920 --> 00:55:50,640
Speaker 1: and of course my gratitude sincerely for all of you

927
00:55:50,800 --> 00:55:54,000
Speaker 1: for tuning in it. Thank you. UM. I was at

928
00:55:54,040 --> 00:55:55,600
Speaker 1: the palm today with a good friend and it almost

929
00:55:55,640 --> 00:55:57,759
Speaker 1: felt normal. It's beautiful day here in Washington, d C.

930
00:55:58,120 --> 00:56:00,920
Speaker 1: I'm Kevin Surlier. You're listening to Bloomberg ninety nine one