WEBVTT - Bloomberg Radio Special: President-Elect Biden 0:00:00.320 --> 0:00:02.560 We have no doubt that when the count is finished, 0:00:02.560 --> 0:00:04.800 Senator Harris and I will be declared the winners. We 0:00:04.880 --> 0:00:07.240 think there's going to be a lot of litigation because 0:00:07.280 --> 0:00:09.920 we have so much evidence, so much proof. I ask 0:00:10.000 --> 0:00:13.000 everyone to stay calm. The process is working. It's going 0:00:13.039 --> 0:00:15.880 to end up perhaps at the highest court in the land. 0:00:16.160 --> 0:00:19.720 This is special coverage of the twenty twenty election from 0:00:19.800 --> 0:00:23.840 Bloomberg Radio. This is a Bloomberg Radio special report bringing 0:00:23.880 --> 0:00:26.920 you the very latest on the twenty election. I'm Nathan 0:00:26.960 --> 0:00:30.560 Hagar him maybe Morris. The accounting continues, but the election 0:00:31.000 --> 0:00:34.720 is over. Joe Biden is now the president elect. Let's 0:00:34.760 --> 0:00:38.040 bring in Emily Wilkins. Now. Emily is Bloomberg government reporter 0:00:38.280 --> 0:00:42.360 who's been with the Biden campaign in Wilmington, Delaware. Emily, 0:00:42.440 --> 0:00:44.520 want to thank you for taking the time with this um. 0:00:44.800 --> 0:00:46.640 Just first of all, set the scene for us. What 0:00:46.760 --> 0:00:49.440 is going on at the Biden campaign headquarters in Delaware. 0:00:49.680 --> 0:00:52.520 So we're it's a different bit of a campaign because 0:00:52.520 --> 0:00:56.600 everyone is socially distanced. It's a really positive atmosphere both 0:00:56.640 --> 0:01:00.400 out here and inside the hotel where Biden campaign offers 0:01:00.440 --> 0:01:04.040 are finally being able to celebrate the fact that Biden 0:01:04.080 --> 0:01:07.560 will be the forties six president of the United States, 0:01:07.680 --> 0:01:10.880 I've gotta think, Emily, there's not just a feeling of 0:01:11.000 --> 0:01:15.440 celebration on the part of the Biden team, but relief 0:01:15.520 --> 0:01:20.520 that they've finally gotten to that electoral College count that 0:01:20.640 --> 0:01:25.880 guarantees them the presidency and the vice presidency. Here what 0:01:26.000 --> 0:01:29.920 about that? I mean, the Biden campaign has had this 0:01:30.160 --> 0:01:34.440 very narrow line to walk in disregard. On one hand, 0:01:34.520 --> 0:01:37.840 they wanted to project compidence that Biden would be the 0:01:37.920 --> 0:01:42.280 next president even before the race was called. However, because 0:01:42.319 --> 0:01:45.959 Biden has spent the last several weeks warning Americans that 0:01:46.000 --> 0:01:48.280 if Trump tried to call the race early that that 0:01:48.320 --> 0:01:51.400 wouldn't be valid, he also put himself in a position 0:01:51.400 --> 0:01:54.280 where he could not declare himself the winner. And so 0:01:54.400 --> 0:01:57.640 Biden has had this very, very very careful message of 0:01:57.720 --> 0:02:00.480 sort of everyone needs to wait, but we're up domestic. 0:02:00.680 --> 0:02:02.760 So I think the Biden campaign has just sort of 0:02:02.840 --> 0:02:06.280 slowly started to embrace us, and with the APIs call 0:02:06.600 --> 0:02:10.160 not only for Pennsylvania but also for Nazada, they can 0:02:10.200 --> 0:02:12.880 now say with confidence that Biden is going to be 0:02:12.960 --> 0:02:15.600 the next president and they're going to go forward Emily. 0:02:15.680 --> 0:02:19.200 What is the work ahead? The Vice President elect Kamala 0:02:19.240 --> 0:02:21.560 Harris is tweeting that there's a lot of work ahead 0:02:21.600 --> 0:02:23.760 for them to do. What's that gonna look like? When 0:02:23.760 --> 0:02:26.280 does that begin? What do they start with? Oh, it 0:02:26.360 --> 0:02:29.040 has already begun. Biden has been working on this transition 0:02:29.080 --> 0:02:31.720 team for months. Uh. The other day, both he and 0:02:31.800 --> 0:02:34.480 Harris were briefs on both the state of the economy 0:02:34.600 --> 0:02:37.920 and the state of COVID nineteen in America. I mean, look, 0:02:38.040 --> 0:02:41.120 we're having a giant biking cases right now of COVID 0:02:41.200 --> 0:02:44.400 that we're seen. We still have unemployment far down from 0:02:44.400 --> 0:02:46.720 where it was at the beginning of the year. There's 0:02:46.760 --> 0:02:49.120 a lot of work to be done here. And perhaps 0:02:49.200 --> 0:02:52.560 the most challenging thing is that Biden has promised again 0:02:52.600 --> 0:02:55.160 and again that he will be unite the country. But 0:02:55.240 --> 0:02:59.320 this has been ammenseally decisive election. We have seen an 0:02:59.360 --> 0:03:02.920 America that once again came out and we saw Donald 0:03:02.919 --> 0:03:06.560 Trump once again very similar numbers and very similar percentage 0:03:06.560 --> 0:03:09.840 to what we saw in and we're creaking a bit 0:03:09.840 --> 0:03:13.600 of further division. If Trump continues to push and saying 0:03:13.639 --> 0:03:17.040 that this was a fraudulent election and deny the results 0:03:17.080 --> 0:03:19.240 of it, and so I think one of the big 0:03:19.240 --> 0:03:21.120 things that finding is going to have to do is 0:03:21.280 --> 0:03:24.360 really find a way to start uniting Americans. Is it 0:03:24.400 --> 0:03:26.800 going to be made that much more difficult, though, emily 0:03:26.880 --> 0:03:29.320 by the fact that at this point it does seem 0:03:29.360 --> 0:03:33.160 as though President Trump is not ready to concede. Shortly 0:03:33.240 --> 0:03:36.360 after the calls were made by the major media organizations, 0:03:36.400 --> 0:03:38.760 the President came out and said this election is far 0:03:38.840 --> 0:03:42.839 from over. He's promising to begin legal proceedings as soon 0:03:42.880 --> 0:03:45.160 as Monday. It probably does make it a little more 0:03:45.160 --> 0:03:47.880 difficult for the fighting campaign, but I'm thinking that the 0:03:47.880 --> 0:03:50.720 fighting campaign. I don't think that the course of direction 0:03:50.800 --> 0:03:53.360 board is going to be determined by whether or not 0:03:53.440 --> 0:03:56.080 Trump and the election. I think that's going to be 0:03:56.200 --> 0:04:00.920 more of affection for those within the Republican Party senator, lawmakers, 0:04:01.080 --> 0:04:05.160 top official on whether they want to continue Trump's message 0:04:05.240 --> 0:04:07.960 that's the election legitimate, or if they want to begin 0:04:08.000 --> 0:04:10.960 to accept the results as we've seen them called. We're 0:04:11.000 --> 0:04:13.960 also looking ahead to see how the president elect is 0:04:13.960 --> 0:04:16.719 going to be able to work with what appears to 0:04:16.800 --> 0:04:21.360 be a Republican held Senate. Uh, is there any optimism 0:04:21.400 --> 0:04:23.919 that they'll be able to you know, cross those party 0:04:23.960 --> 0:04:26.200 lines and be able to sit down together and get 0:04:26.240 --> 0:04:29.440 things done, not just be all grid luck all the time. Obviously, 0:04:29.520 --> 0:04:32.960 Joe Biden would probably rather be working with Senate Majority 0:04:33.040 --> 0:04:36.120 Leader Chuck Schumer instead of Senate Majority Leader Mitch McConnell. 0:04:36.560 --> 0:04:38.799 Biden was in the Senate for a number of years, 0:04:38.880 --> 0:04:41.839 he has worked with these Republican lawmakers before. He has 0:04:41.880 --> 0:04:44.839 worked with McConnell before. I mean he and McCombe do 0:04:45.120 --> 0:04:48.440 have a relationship that transcends the work one a little bit. 0:04:48.720 --> 0:04:51.599 McConnell was one of the few Republican senators to come 0:04:51.640 --> 0:04:54.560 to the funeral of bo Biden, and so he and 0:04:54.680 --> 0:04:57.680 McConnell do have the sort of repertoire that we might 0:04:57.720 --> 0:05:01.799 not have necessarily seen between Shay McConnell and Barack Obama. 0:05:02.080 --> 0:05:04.280 So there is a sense that Biden might be able 0:05:04.320 --> 0:05:08.200 to work with a Republican Senate and a House where 0:05:08.360 --> 0:05:11.880 the Democratic majority has shrunk. It does mean that a 0:05:11.920 --> 0:05:14.279 lot of the big picture plans that he might have 0:05:14.320 --> 0:05:17.479 been hoping to pass, big things on Texas, big things 0:05:17.480 --> 0:05:20.479 on healthcare, those might have to be scaled back because 0:05:20.520 --> 0:05:23.240 they're going to have to pass in either a Republican 0:05:23.279 --> 0:05:26.080 Health Senate or a fifty fifty Senate. Are you starting 0:05:26.080 --> 0:05:29.400 to see, Emily, any tailoring of expectations in terms of 0:05:29.440 --> 0:05:34.119 the kinds of policy proposals that a Biden presidency could 0:05:34.240 --> 0:05:36.400 pursue with the kind of government it's going to be 0:05:36.440 --> 0:05:39.839 facing come January. Just an extent, yes, I think everyone 0:05:40.360 --> 0:05:43.320 realizes that Democrats are only going to be holding two 0:05:43.360 --> 0:05:46.760 of these chambers, uh, and that Republicans are still either 0:05:46.839 --> 0:05:48.920 going to hold the Senate or have a very strong 0:05:49.120 --> 0:05:52.160 way in the Senate if it is divided. And so 0:05:52.200 --> 0:05:55.120 I think everyone does realize to a certain extent that, yes, 0:05:55.560 --> 0:05:57.320 things are going to have to be different than what 0:05:57.400 --> 0:05:59.599 they might have been if Democrats for going in with 0:05:59.640 --> 0:06:02.680 the White House. Thank you for this, Emily. That's a 0:06:02.720 --> 0:06:06.279 Bloomberg government reporter. Emily Wilkins with us from Biden campaign 0:06:06.320 --> 0:06:10.799 headquarters in Wilmington, Delaware. Straight ahead on this Bloomberg Daybreak 0:06:10.880 --> 0:06:14.000 special report, we'll look at the path ahead for policy 0:06:14.400 --> 0:06:18.920 for a president elected Biden. Terry Hayes, founder of Pangaea Policy, 0:06:19.120 --> 0:06:22.279 joins us. Next. I'm Nathan Hager along with Amy Morris, 0:06:22.320 --> 0:06:29.919 and this is Bloomberg. This is special coverage of the 0:06:30.720 --> 0:06:34.200 election from Bloomberg Radio. This is a Bloomberg Radio special 0:06:34.200 --> 0:06:37.600 report bringing you the very latest on the race. I'm 0:06:37.680 --> 0:06:41.279 Nathan Hager, I'm Amy Morris. Some counting does continue, but 0:06:41.360 --> 0:06:44.560 we can tell you Democrat Joe Biden has defeated President Trump. 0:06:45.000 --> 0:06:48.799 Biden will become the forty six president of the United States. 0:06:49.040 --> 0:06:51.440 We want to bring in now Terry Haynes, the founder 0:06:51.480 --> 0:06:54.760 of Panji a policy. Terry, it is always a pleasure 0:06:54.800 --> 0:06:56.440 to talk to you. Thank you for taking the time 0:06:56.440 --> 0:06:58.680 with us, um and we do want to let our 0:06:58.680 --> 0:07:02.839 audience know that President Trump continues to challenge this vote count. 0:07:02.920 --> 0:07:07.160 He continues with his court challenges. Terry. What's the likelihood 0:07:07.160 --> 0:07:09.080 that the president is going to get very far with this? 0:07:10.080 --> 0:07:13.320 Thank you, Amy and Nathan. I think that at the 0:07:13.440 --> 0:07:16.720 end of the day, Biden wins after all the challenges 0:07:17.080 --> 0:07:19.280 and Trump does not. There are you know, there's six 0:07:19.280 --> 0:07:26.120 states that still matter. Uh at Pennsylvania, Arizona, North Carolina, Georgia, Wisconsin, Nevada. Uh, 0:07:26.200 --> 0:07:28.320 there are a variety of challenges there. I could bore 0:07:28.360 --> 0:07:30.360 you with details on them, and I will if you'd like, 0:07:30.520 --> 0:07:34.600 But uh, at Root, Uh, you know, even if even 0:07:34.640 --> 0:07:37.280 if all those challenges went Trump's way, I think that 0:07:37.320 --> 0:07:41.480 he still loses Nevada. Let's look ahead to what policy 0:07:41.760 --> 0:07:46.920 could be looking like going forward with a President Biden. 0:07:47.240 --> 0:07:51.280 What do you see being accomplished in the lame duck? Uh? 0:07:51.640 --> 0:07:55.840 Where the markets are looking for some kind of stimulus 0:07:55.880 --> 0:07:58.640 to come out before the end of this year. I 0:07:58.680 --> 0:08:02.200 think that the stimul us when it comes, will be 0:08:02.280 --> 0:08:06.160 in the one point five trillion to two trillion range. Uh. 0:08:06.200 --> 0:08:09.360 And I'll tell you why I think that. Uh. Fundamentally, 0:08:09.880 --> 0:08:14.640 a lot of analysts uh completely missed the idea that 0:08:14.920 --> 0:08:18.720 are completely missed the how receptive Republicans are to having 0:08:18.760 --> 0:08:21.680 a stimulus. They think the position is that of there 0:08:21.560 --> 0:08:25.080 are the current Republican Senate, which is about half a 0:08:25.120 --> 0:08:30.040 trillion dollars. But that was a conversation starter, you know, 0:08:30.080 --> 0:08:31.960 to get the get the Senate in the game more 0:08:32.000 --> 0:08:35.280 than anything else. Uh. The sweet spot here, both politically 0:08:35.720 --> 0:08:38.120 and for in terms of the economy is one and 0:08:38.160 --> 0:08:40.600 a half to two trillion dollars. That's kind of where 0:08:40.600 --> 0:08:44.200 everybody was coalescing around. But before the election, there was 0:08:44.240 --> 0:08:49.600 really no really no political consensus around the need to 0:08:49.640 --> 0:08:52.720 get something done, and there's no economic consensus that you know, 0:08:52.800 --> 0:08:57.000 something absolutely needed to happen after the elections. I don't 0:08:57.000 --> 0:08:59.480 think it happens immediately after the elections. I think it 0:08:59.520 --> 0:09:03.120 waits since Ole Uh, the President Biden comes in. The 0:09:03.160 --> 0:09:06.440 reasons that very simply is that there is a there 0:09:06.720 --> 0:09:10.280 now they're likely to runoffs in Georgia for the Senate 0:09:10.320 --> 0:09:13.559 that will determine whether or not the Senate is Republican 0:09:13.600 --> 0:09:17.200 majority or Democratic majority. Now I think it's likely to 0:09:17.240 --> 0:09:20.000 continue to be Republican majority, but it's not out of 0:09:20.000 --> 0:09:24.240 the question that the Democrats take both of those seats. 0:09:24.240 --> 0:09:29.120 So the politics don't yet coalesce around doing something serious 0:09:29.880 --> 0:09:33.880 about stimulus before uh, the end of January beginning of February. 0:09:33.880 --> 0:09:36.400 And the only thing frankly that could change that would 0:09:36.400 --> 0:09:39.040 be if the economy takes some kind of steep dive 0:09:39.120 --> 0:09:42.480 similar to that which happened in March. Uh. Absolutely, you know, 0:09:42.520 --> 0:09:44.360 not out of the question, but nobody thinks that's going 0:09:44.400 --> 0:09:46.760 to happen right now, so I think you don't see 0:09:46.800 --> 0:09:51.320 it until February. Do you see the GOP driving hard 0:09:51.360 --> 0:09:54.959 bargains assuming that it is a Republican majority Senate that 0:09:55.000 --> 0:09:57.520 would be dealing with a Biden White House. Yeah, I 0:09:57.600 --> 0:10:02.280 see them driving hard bargains across the across the board. Amy. Uh. 0:10:02.480 --> 0:10:04.599 What I see out of a Biden presidency really is 0:10:04.920 --> 0:10:09.160 is three market positives. One is that uh, there's general generally, 0:10:09.200 --> 0:10:12.840 there's fiscal stability. Uh. Secondly, the you know again that 0:10:12.920 --> 0:10:16.080 you have a code next COVID relief package and then 0:10:16.080 --> 0:10:18.040 one and a half to two trillion range, something that 0:10:18.760 --> 0:10:22.120 the economy will respond very positively too. And Thirdly, they 0:10:22.240 --> 0:10:26.360 get no rollback of UH policies that the markets really 0:10:26.400 --> 0:10:30.040 liked during during the sort of the Trump slash Senate 0:10:30.040 --> 0:10:34.200 Republican coalition presidency. So tax bill isn't get rolled back, 0:10:35.040 --> 0:10:38.040 regulations don't get reimposed fully, all that sort of thing, 0:10:38.480 --> 0:10:40.839 but you don't really get anything else. It's I think 0:10:40.840 --> 0:10:43.640 it's always a misnomber to think that that there's two 0:10:43.640 --> 0:10:46.480 political parties involved here, when in fact there's four coalitions. 0:10:47.120 --> 0:10:51.840 UH coalitions are left to right, Democratic Progressives, Democratic centrists, 0:10:51.920 --> 0:10:57.360 Republicans centrists, and Republican conservatives. They assembled differently this time, 0:10:57.400 --> 0:11:00.880 how they assemble in the assembled differently in the administration 0:11:00.920 --> 0:11:04.280 and the Trump administration. Now in the Biden administration, I 0:11:04.320 --> 0:11:08.560 think what you get is a situation where uh, Biden 0:11:08.800 --> 0:11:13.040 has atacked to the center, because if he doesn't, he's 0:11:13.080 --> 0:11:16.720 not going to get any cabinet appointees. Republican Senate won't 0:11:16.760 --> 0:11:19.720 confirm anybody that's a sort of a left progressive. So, 0:11:19.800 --> 0:11:22.520 to use a an easy example, you don't get Elizabeth 0:11:22.520 --> 0:11:24.800 war and a treasure, even if she wanted it, even 0:11:24.800 --> 0:11:27.480 if Biden wanted it. You don't get that because Republican 0:11:27.520 --> 0:11:31.440 Senate would never confirm her. Uh So that's gonna the 0:11:31.480 --> 0:11:34.080 Republican Senate has a great deal to say about how 0:11:34.480 --> 0:11:38.400 Biden conducts his presidency. But as we all know that, 0:11:38.679 --> 0:11:42.199 Biden has another problem, which is the challenge from the left. 0:11:42.360 --> 0:11:45.680 There's already some progressives who are already starting to say, 0:11:45.760 --> 0:11:49.360 you know, it's time to start the opposing a Biden presidency. 0:11:50.080 --> 0:11:54.320 Uh you know, it's uh amazing how quickly these things move. 0:11:54.440 --> 0:11:57.199 But they want to start being frustrated with Biden for 0:11:57.440 --> 0:12:00.640 his inability to to do everything that they want, even 0:12:00.679 --> 0:12:03.520 though Biden has no political ability in a practical sense 0:12:03.600 --> 0:12:05.599 to achieve any of those things where he'd want it. 0:12:06.120 --> 0:12:07.720 Uh So, what you've got is you've got a very 0:12:07.760 --> 0:12:11.280 splendord Democratic Party. Uh Pelosi will not be able to 0:12:11.360 --> 0:12:14.800 exercise any influence on her own coalition, because she's effectively 0:12:14.840 --> 0:12:18.840 a lame duck, this being her last term as Speaker, 0:12:19.040 --> 0:12:22.319 as already agreed to when she became Speaker this time now, 0:12:22.920 --> 0:12:25.439 and so there won't be any ability for this is 0:12:25.480 --> 0:12:29.199 Pelosi to exercise any discipline on our own House members. 0:12:29.559 --> 0:12:32.360 President ELEC. Biden now has to deal with a very 0:12:32.400 --> 0:12:36.880 fractured party of his own, as well as a Republican 0:12:37.640 --> 0:12:41.040 Senate and a Republican party generally that has absolutely no 0:12:41.160 --> 0:12:44.559 interest in helping him move anything else along other than 0:12:44.600 --> 0:12:47.480 the three basics that I already mentioned. But even before 0:12:47.760 --> 0:12:51.720 there's this issue of appeasing all these factions within the 0:12:51.800 --> 0:12:56.280 parties themselves. You have to think, Terry, that the overwhelming 0:12:56.360 --> 0:12:59.640 focus of a Biden presidency, at least in the short 0:12:59.720 --> 0:13:02.240 term even then the medium term is going to be 0:13:02.360 --> 0:13:06.480 dealing with the coronavirus pandemic, and a Biden presidency is 0:13:06.480 --> 0:13:10.560 going to be addressing this a lot differently than the 0:13:10.600 --> 0:13:13.720 Trump administration has. I think they do to some extent, 0:13:13.960 --> 0:13:17.360 but the Biden is going to have to proceed very 0:13:17.400 --> 0:13:20.880 carefully and very cautiously. I think, you know, the people 0:13:20.960 --> 0:13:23.640 have lived with this for the better part of a 0:13:23.720 --> 0:13:27.000 year now. Uh, and their own opinions. I mean, I'm 0:13:27.000 --> 0:13:30.280 just talking about general citizens. What people in Washington are 0:13:30.320 --> 0:13:34.640 now calling normis right, normal people, I'm saying, and uh, 0:13:34.720 --> 0:13:36.600 you know, normal people are going to have to deal 0:13:36.679 --> 0:13:39.160 with or have been dealing with this for quite a while. 0:13:39.600 --> 0:13:41.640 And you know, they have their own opinions starting to 0:13:41.640 --> 0:13:45.240 be baked in. And you know, if if Biden goes 0:13:45.320 --> 0:13:48.400 whole hog on, say a mask mandate, for example, uh, 0:13:48.440 --> 0:13:50.840 you know, there's a whole slew of legal and practical 0:13:50.880 --> 0:13:52.760 issues about whether he could do that, but let's still 0:13:52.840 --> 0:13:56.600 let's say that that's where they want to start anyway. Um, 0:13:56.679 --> 0:13:58.440 you know it's gonna send a very bad signal to 0:13:58.440 --> 0:13:59.920 a lot of people in this country who think that 0:14:00.800 --> 0:14:04.200 that's overkill. Thank you for this, Terry, great having you 0:14:04.280 --> 0:14:07.640 with us once again. That's Terry Haines, founder of Pangea 0:14:07.760 --> 0:14:11.920 Policy and coming up next on this Bloomberg Daybreak special report, 0:14:12.000 --> 0:14:15.920 President Trump is vowing to fight the election result in court. 0:14:16.360 --> 0:14:19.760 Does he have a legal path? Bloomberg Law host June 0:14:19.760 --> 0:14:24.280 Grasso joins me and Amy Morris. Next. This is Bloomberg. 0:14:29.680 --> 0:14:34.280 This is special coverage of the election from Bloomberg Radio. 0:14:35.120 --> 0:14:37.840 This is a Bloomberg Radio special report bringing you the 0:14:37.920 --> 0:14:42.000 very latest on the race. I'm Nathan Hager. I'm Amy Morris. 0:14:42.040 --> 0:14:45.680 Democrat Joe Biden has defeated President Donald Trump to become 0:14:45.680 --> 0:14:48.920 the forty six president of the United States, even though 0:14:49.240 --> 0:14:52.960 President Trump says the race is not over. Let's bring 0:14:53.000 --> 0:14:55.360 in June Grosso now. She is the host of Bloomberg 0:14:55.440 --> 0:14:58.640 Law and our resident legal expert. June, I want to 0:14:58.680 --> 0:15:00.960 thank you for taking the time of this and maybe 0:15:00.960 --> 0:15:04.160 bring us up to speed on the court cases that 0:15:04.280 --> 0:15:06.760 may be coming up. President Trump says this race is 0:15:06.800 --> 0:15:10.960 not over. What recourse does he have now, Well, that's 0:15:10.960 --> 0:15:17.040 the big question, Amy, And we've seen lawsuits filed in Michigan, Georgia, Nevada, 0:15:17.080 --> 0:15:20.600 and Pennsylvania. And most of these lawsuits are about the 0:15:20.720 --> 0:15:24.720 counting of the ballots and whether or not the Republican 0:15:25.280 --> 0:15:29.520 campaign was given the ability to observe what was happening. 0:15:29.640 --> 0:15:33.640 And lawsuits have been dismissed in Michigan, Georgia, Nevada, and 0:15:33.680 --> 0:15:39.760 Pennsylvania over these various questions. It's unclear what else President 0:15:39.840 --> 0:15:43.480 Trump would be contesting. And you also have to remember 0:15:43.560 --> 0:15:47.320 that even if he contest these votes. This will be 0:15:47.360 --> 0:15:50.920 taken place after those votes were counted, and it becomes 0:15:51.080 --> 0:15:54.760 much harder for a court to step in and say, 0:15:55.040 --> 0:15:58.800 we're going to discount the votes that these people cast 0:15:59.080 --> 0:16:02.560 using the friend chise. They cast them in reliance on 0:16:02.640 --> 0:16:06.280 the rules of the state and county, and we're now 0:16:06.320 --> 0:16:09.640 going to step in and say they're not valid. That's 0:16:09.760 --> 0:16:13.400 a really high bar for any court, and it's really 0:16:13.520 --> 0:16:17.920 unlikely in my mind that President Trump would be able 0:16:17.960 --> 0:16:21.800 to do that, and apparently some of his own legal advisors, 0:16:21.840 --> 0:16:24.480 according to the Wall Street Journal, the White House Council 0:16:25.000 --> 0:16:29.520 on Thursday night, told the President that a legal campaign 0:16:29.560 --> 0:16:34.200 had little chance, no hope actually of overturning Biden's lead. 0:16:34.840 --> 0:16:37.640 So I have no idea where they would go with that. 0:16:38.520 --> 0:16:42.480 The President has said that legal votes, if they were counted, 0:16:42.640 --> 0:16:46.080 he would easily win. If you count illegal votes as 0:16:46.120 --> 0:16:49.920 he characterizes that, uh, they would steal the election. Is 0:16:49.960 --> 0:16:52.760 how the president has characterized And what does he mean 0:16:53.120 --> 0:16:58.720 from your estimation by illegal votes? I think he needs 0:16:58.840 --> 0:17:04.840 votes that are fraudulent in some way. However, every vote 0:17:04.840 --> 0:17:09.000 that's cast is a legal vote until it's proven that 0:17:09.119 --> 0:17:11.920 it's an illegal vote. So what happens is if there's 0:17:11.920 --> 0:17:15.439 a vote, and there are observers from both campaigns, and 0:17:15.480 --> 0:17:18.480 if there's a vote that one campaign says, let's say 0:17:18.480 --> 0:17:20.920 it's the Trump campaign says, this vote, it doesn't look 0:17:20.960 --> 0:17:23.359 like the signature matches, or this vote didn't match the 0:17:23.440 --> 0:17:27.600 requirements in some way. Then they go before a judge 0:17:27.600 --> 0:17:30.720 who looks at the vote and says, well, let me 0:17:30.760 --> 0:17:32.640 see what I think about this vote. So this would 0:17:32.640 --> 0:17:34.400 have to be done on almost on a vote by 0:17:34.520 --> 0:17:38.640 vote basis, ballot by ballot, And in all the cases 0:17:38.680 --> 0:17:42.159 that we've seen so far, the judges have found that 0:17:42.160 --> 0:17:45.639 there has been no evidence at all brought by the 0:17:45.640 --> 0:17:48.879 Trump campaign to show that these votes, that any votes 0:17:49.480 --> 0:17:52.840 are illegal. Not one vote has been declared illegal in 0:17:52.880 --> 0:17:55.600 these big in these big cases. And another thing is 0:17:55.640 --> 0:17:59.000 that most of these lawsuits, the challenge has been to 0:17:59.280 --> 0:18:03.800 the observation by the Trump campaign, in other words, how 0:18:03.840 --> 0:18:06.560 far away they're able to observe the ballots. In fact, 0:18:06.600 --> 0:18:11.320 when Rudy Giuliani, President Trump's personal lawyer, was was talking 0:18:11.359 --> 0:18:15.520 about more lawsuits in Pennsylvania on Saturday, he talked about 0:18:15.600 --> 0:18:19.200 not having access to the ballot. Well, those claims sort 0:18:19.200 --> 0:18:23.119 of die away. Once the ballot has been cast, because 0:18:23.320 --> 0:18:25.520 a court is not going to, you know, set everything 0:18:25.560 --> 0:18:30.160 in reverse and and recount those votes because the president's 0:18:30.200 --> 0:18:33.000 lawyer says, we were only allowed to be ten feet 0:18:33.000 --> 0:18:35.760 away instead of six feet away. That was the big 0:18:36.160 --> 0:18:40.080 quote victory that President Trump tweeted about that the campaign 0:18:40.080 --> 0:18:42.800 had achieved in Pennsylvania, and that was that they got 0:18:42.880 --> 0:18:46.720 to observe the vote a little bit closer. Uh. June, 0:18:46.760 --> 0:18:48.480 I'm just wondering, and I'm not sure that you'd be 0:18:48.520 --> 0:18:50.359 able to answer this, but let's just chew on this 0:18:50.440 --> 0:18:53.600 for just a second. You mentioned Rudy Giuliani, who has 0:18:53.600 --> 0:18:56.240 been advising the president, who seems really determined to move 0:18:56.280 --> 0:18:59.840 forward with any court challenges, whereas the president also has 0:19:00.000 --> 0:19:03.200 other legal advisors who have said publicly that this is over, 0:19:03.600 --> 0:19:05.880 let's wrap it up and call it a day. Who 0:19:05.920 --> 0:19:09.000 would have the president's ear at this point. Who was 0:19:09.040 --> 0:19:12.360 the president more likely to listen to or or take 0:19:12.400 --> 0:19:15.000 the advice from. How is this going to play out? 0:19:15.400 --> 0:19:17.800 That is a very difficult question to answer because I'd 0:19:17.800 --> 0:19:20.640 have to be inside the president's But what I will 0:19:20.680 --> 0:19:24.120 say is that it seems as if the president right 0:19:24.160 --> 0:19:26.600 now is listening to the people who are saying, let's 0:19:26.680 --> 0:19:31.040 pursue legal action, because from the Trump campaign that's really 0:19:31.080 --> 0:19:34.080 all we've heard, and from the President's tweets that's what 0:19:34.119 --> 0:19:38.359 we've heard, and from the President's son Eric as well 0:19:38.400 --> 0:19:42.000 as his personal attorney Rudy Giuliani that they're going forward. 0:19:42.119 --> 0:19:46.280 And just on Friday, the Republican National Committee was sending 0:19:46.440 --> 0:19:50.680 legal teams to Michigan, Georgia, Nevada, and Pennsylvania. So it 0:19:50.720 --> 0:19:53.280 looks like it will go on, even though I think 0:19:53.320 --> 0:19:56.600 that any lawyer who was looking at the scenario would 0:19:56.600 --> 0:20:02.080 tell the president that it's time to stop the lawsuits. Well, 0:20:02.080 --> 0:20:05.680 we'll see how long it goes. Bloomberg Law host June Grosso, 0:20:06.200 --> 0:20:08.199 thank you for this. Good having you on with us 0:20:08.240 --> 0:20:12.760 on this special report for Bloomberg Daybreak. Just ahead, we'll 0:20:12.760 --> 0:20:16.160 look at how President elected Biden got to victory and 0:20:16.440 --> 0:20:20.280 the policy path ahead with Bloomberg Government reporter Greg Jarrou 0:20:20.720 --> 0:20:24.359 and I own a college political science professor, Genie's a No. 0:20:24.560 --> 0:20:28.879 I'm Nathan Hager, along with Amy Morris, and this is Bloomberg. 0:20:34.680 --> 0:20:39.280 This is special coverage of the election from Bloomberg Radio. 0:20:39.480 --> 0:20:42.280 This is a Bloomberg Radio special report bringing you the 0:20:42.359 --> 0:20:46.880 very latest on the race. I'm Nathan Hager, I'm Amy Morris. Democrat. 0:20:46.960 --> 0:20:50.040 Joe Biden has defeated President Donald Trump to become the 0:20:50.080 --> 0:20:53.000 forty six president of the United States. We want to 0:20:53.040 --> 0:20:56.320 bring in Greg Darron now he's our Bloomberg government reporter 0:20:56.400 --> 0:21:01.560 covering Congress. And Jenniezno Bloomberg News contributor, political science professor 0:21:01.840 --> 0:21:05.119 at Iona College. And Greg, let's just very quickly start 0:21:05.160 --> 0:21:09.360 with you. Why now, why did they decide to call Pennsylvania? 0:21:09.400 --> 0:21:11.800 What put Joe Biden over the top. Well, there's a 0:21:11.840 --> 0:21:18.880 trancher votes early Saturday counted in Pennsylvania, specifically Philadelphia and Pittsburgh, 0:21:19.400 --> 0:21:23.400 Democratic strongholds that gave Joe Biden the uh an advantage 0:21:23.440 --> 0:21:25.359 in the in the vote total, gained a number of 0:21:25.400 --> 0:21:29.040 votes in those two communities that basically made Biden's lead 0:21:29.080 --> 0:21:32.720 in Pennsylvania large enough for Trump that Trump couldn't overcome. 0:21:32.840 --> 0:21:36.760 All right, let's bring in Jennie's a know of Iona College. Obviously, Jennie, 0:21:37.160 --> 0:21:40.560 the former vice president is over the top now, but 0:21:40.720 --> 0:21:44.520 President Trump does not appear as though he's going to concede. 0:21:44.640 --> 0:21:48.560 So what happens now, at least politically so the president 0:21:48.640 --> 0:21:51.080 has indicated. President Trump said he is going to go 0:21:51.119 --> 0:21:54.760 ahead with litigation and that he is not conceding this race. 0:21:55.000 --> 0:21:58.560 That would be quite unprecedented, as no president in modern 0:21:58.640 --> 0:22:02.679 American history has refused to concede a race, and in fact, 0:22:03.160 --> 0:22:05.919 many of those concessions are you know, I was just 0:22:05.960 --> 0:22:08.840 watching a taping of many of them, and they are 0:22:08.880 --> 0:22:14.120 absolutely moving, very difficult moment for the individuals involved. President 0:22:14.119 --> 0:22:16.720 Trump may, of course change his mind. I think we're 0:22:16.720 --> 0:22:21.879 going to see some pressure increasingly from Republican leaders for 0:22:21.960 --> 0:22:25.600 him to do that unless there is real solid evidence 0:22:25.640 --> 0:22:27.720 that they can bring into court to show that the 0:22:27.800 --> 0:22:31.680 election was stolen or that there was some kind of 0:22:32.040 --> 0:22:34.840 problem at the polls, which would result in not just 0:22:34.960 --> 0:22:38.680 a recount, but an overturning of these results. And need 0:22:38.760 --> 0:22:43.040 to stress, very unprecedented in America, at the presidential levels 0:22:43.080 --> 0:22:46.320 certainly and at other levels for a recount or this 0:22:46.400 --> 0:22:50.080 type of litigation to result in overturning an election unless 0:22:50.119 --> 0:22:53.119 the election is just within hundreds of votes, and at 0:22:53.200 --> 0:22:55.480 least at this point, what we're seeing now is we're 0:22:55.480 --> 0:22:58.560 talking thousands of votes in the states that are under question. 0:22:58.960 --> 0:23:02.720 So I think we may the litigation. We don't expect 0:23:02.720 --> 0:23:04.520 we're going to see a concession at this point, but 0:23:04.560 --> 0:23:06.399 I think going forward there's going to be pressure for 0:23:06.560 --> 0:23:09.560 President Trump to concede. And then, of course, on the 0:23:09.840 --> 0:23:12.639 Vice President Elecs part, we're going to see him and 0:23:12.680 --> 0:23:14.920 his team start to think about the all important issue 0:23:14.920 --> 0:23:18.480