1 00:00:00,040 --> 00:00:02,520 Speaker 1: App in looks a lot different than it looked in. 2 00:00:03,320 --> 00:00:06,080 Speaker 1: You really have a divide within Team Trump. The present 3 00:00:06,160 --> 00:00:08,320 Speaker 1: has to do exactly what people sent him here to do, 4 00:00:08,400 --> 00:00:11,680 Speaker 1: which is to get it done. This is Bloomberg sound 5 00:00:11,720 --> 00:00:21,079 Speaker 1: on Bloomberg D two three. President Trump just tweeted. He 6 00:00:21,120 --> 00:00:24,079 Speaker 1: says that he's ten minutes away from his Coronavirus Task 7 00:00:24,079 --> 00:00:26,120 Speaker 1: Force Where you think you can listen to that task 8 00:00:26,120 --> 00:00:28,720 Speaker 1: force briefing right here? Up revert nine one F to 9 00:00:28,800 --> 00:00:32,960 Speaker 1: kick things off. We've got Congressman you, sir, Republican from Pennsylvania, 10 00:00:33,400 --> 00:00:35,400 Speaker 1: to give us the latest on the House drama. And 11 00:00:35,400 --> 00:00:38,320 Speaker 1: I just spoke with Senator Mark Warner. Never enough time 12 00:00:38,840 --> 00:00:41,159 Speaker 1: with Senator Mark Warner, never enough time, but I'll tell 13 00:00:41,159 --> 00:00:43,000 Speaker 1: you what he had to temp in just a couple 14 00:00:43,040 --> 00:00:46,680 Speaker 1: of minutes, were awaiting President Donald Trump to begin his 15 00:00:46,760 --> 00:00:50,160 Speaker 1: daily Coronavirus Task Force meeting. Joining me on the line 16 00:00:50,159 --> 00:00:52,479 Speaker 1: to kick things off, as a Republican Congressman from the 17 00:00:52,479 --> 00:00:55,480 Speaker 1: greatest state in the Union, Pennsylvania, my hometown state. You 18 00:00:55,480 --> 00:00:59,920 Speaker 1: know I'm from the Keystone State, Congressman, Congressman usters, you're 19 00:01:00,320 --> 00:01:04,720 Speaker 1: state alumna. Huh yes, penn State. The love the Nitney lyons. 20 00:01:04,720 --> 00:01:06,760 Speaker 1: You know, they're hurting like the rest of us, but hey, 21 00:01:07,080 --> 00:01:09,920 Speaker 1: we gotta stay positive. Congressman, what what what's the time 22 00:01:09,959 --> 00:01:13,479 Speaker 1: of the vote tomorrow that you guys are gonna vote 23 00:01:13,480 --> 00:01:17,640 Speaker 1: on this thing. We'll see. I'll be heading into Washington tonight. Uh. 24 00:01:17,840 --> 00:01:20,960 Speaker 1: I expect we'll have some debate in the morning. There 25 00:01:20,959 --> 00:01:25,560 Speaker 1: will be a different type of of floor procedures, so 26 00:01:25,640 --> 00:01:27,880 Speaker 1: it could take a little while, but I expect we'll 27 00:01:27,880 --> 00:01:31,600 Speaker 1: have this hopefully done by two or three o'clock. Two 28 00:01:31,680 --> 00:01:33,800 Speaker 1: or three o'clock, all right, that's a good news. Before 29 00:01:33,800 --> 00:01:35,800 Speaker 1: the closing bell, you just heard it from Congress from 30 00:01:35,880 --> 00:01:39,080 Speaker 1: User that they're anticipating that this could get done by 31 00:01:39,120 --> 00:01:43,760 Speaker 1: sometime tomorrow night. Um, Congressman, if people are listening and 32 00:01:43,800 --> 00:01:47,400 Speaker 1: they're nervous about how to get access to loans to grants, 33 00:01:47,600 --> 00:01:50,400 Speaker 1: who should they call, Congressman in order to get some 34 00:01:50,480 --> 00:01:54,880 Speaker 1: help from uh, from from the Small Business Administration. Sure. Well, 35 00:01:54,920 --> 00:01:59,360 Speaker 1: you know, we really have put together a very comprehensive plan, 36 00:01:59,560 --> 00:02:03,560 Speaker 1: and it really was uh a group effort and a 37 00:02:03,920 --> 00:02:08,880 Speaker 1: team approach, our leadership, including a secretary Manuchin. I've probably 38 00:02:08,919 --> 00:02:10,800 Speaker 1: been on the phone with him three or four times 39 00:02:11,080 --> 00:02:15,160 Speaker 1: just in the last few days and and UH Republican 40 00:02:15,240 --> 00:02:17,880 Speaker 1: leader Kevin McCarthy and Steve's chalice I was just talking 41 00:02:17,880 --> 00:02:20,440 Speaker 1: to We all had prior to the center vote, quite 42 00:02:20,600 --> 00:02:22,960 Speaker 1: quite a bit of input to make sure that this 43 00:02:23,080 --> 00:02:25,960 Speaker 1: was done in a comprehensive way. And let's keep in mind, 44 00:02:26,600 --> 00:02:29,400 Speaker 1: you know, we in Pennsylvania, we're dealing with a good 45 00:02:29,440 --> 00:02:32,079 Speaker 1: amount of the crisis like everybody else. We have six 46 00:02:32,400 --> 00:02:36,519 Speaker 1: hundred cases and we have of those who are tested positive, 47 00:02:36,600 --> 00:02:40,760 Speaker 1: and we have sixteen fatalities, which is awful, but it 48 00:02:40,919 --> 00:02:45,440 Speaker 1: is certainly well below one per cent. And we um 49 00:02:46,080 --> 00:02:50,680 Speaker 1: our businesses that are life sustaining and essential are are working. 50 00:02:50,760 --> 00:02:53,840 Speaker 1: And what's very very important here is really two things 51 00:02:53,880 --> 00:02:56,960 Speaker 1: that the President um wanted and issued from the very 52 00:02:56,960 --> 00:03:00,680 Speaker 1: beginning and all all plans that derived. But number one, 53 00:03:01,000 --> 00:03:04,280 Speaker 1: we've got to stop, if not defeat this this virus 54 00:03:04,919 --> 00:03:09,119 Speaker 1: from transmitting, and that's being done through behavioral changes, confinement, 55 00:03:09,880 --> 00:03:14,400 Speaker 1: very testing, that's taking place, support and resources to the hospitals. 56 00:03:14,639 --> 00:03:17,640 Speaker 1: And secondly, we we we understand we're going to have 57 00:03:17,919 --> 00:03:22,480 Speaker 1: a economic slowdown, but we cannot have an economic shutdown 58 00:03:22,720 --> 00:03:25,160 Speaker 1: because keep in mind, this is not a crisis caused 59 00:03:25,160 --> 00:03:30,000 Speaker 1: by a specific industry or corporation or the economy itself. 60 00:03:30,000 --> 00:03:33,160 Speaker 1: It's a voluntary shutdown of our economy in order to 61 00:03:33,240 --> 00:03:36,360 Speaker 1: save lives as a result. This is why our government 62 00:03:36,400 --> 00:03:39,680 Speaker 1: needs to support the families and businesses who are really 63 00:03:39,720 --> 00:03:43,800 Speaker 1: directly feeling the pain of this national emergency. And that's 64 00:03:43,800 --> 00:03:47,400 Speaker 1: what particularly this Phase three legislation is all about. That's 65 00:03:47,400 --> 00:03:50,600 Speaker 1: why it's having overwhelming support. Well, Congressman Dan Meusers on 66 00:03:50,640 --> 00:03:54,640 Speaker 1: the line. He's a Republican from Pennsylvania uh at Night 67 00:03:54,760 --> 00:03:57,720 Speaker 1: Congressional District. It's like north affiliate if you're familiar with 68 00:03:57,760 --> 00:04:04,080 Speaker 1: the area, eastern eastern central Pennsylvania, just south of Wilkesbury, Scranton, Pottsville, Pennsylvania. Yeah, 69 00:04:04,080 --> 00:04:07,800 Speaker 1: he used to play soccer there, used to being home 70 00:04:07,840 --> 00:04:11,800 Speaker 1: of a lot of congressman. I know it's a little 71 00:04:11,840 --> 00:04:13,480 Speaker 1: bit too early, but I mean you let me write 72 00:04:13,520 --> 00:04:16,760 Speaker 1: to my next question, which is essentially, when is Phase 73 00:04:16,800 --> 00:04:19,040 Speaker 1: four and what do you anticipate will be in Phase 74 00:04:19,080 --> 00:04:21,800 Speaker 1: four of the economic stimulus Once you guys vote on 75 00:04:21,800 --> 00:04:24,479 Speaker 1: this tomorrow afternoon, Well, we gotta we gotta vote on 76 00:04:24,480 --> 00:04:28,320 Speaker 1: Phase three first, and it looks good and just briefly, 77 00:04:28,600 --> 00:04:33,680 Speaker 1: it is very supportive of Number one defeating and stopping 78 00:04:33,720 --> 00:04:36,560 Speaker 1: the spread of the virus. Right. I mean is there's huge, 79 00:04:37,080 --> 00:04:42,400 Speaker 1: big money uh set for healthcare including hospitals and providers, 80 00:04:43,160 --> 00:04:47,120 Speaker 1: over a hundred billion dollars um. There's eleven billion dollars 81 00:04:47,120 --> 00:04:50,200 Speaker 1: for public health. The list goes on. So we're going 82 00:04:50,279 --> 00:04:52,680 Speaker 1: to make sure the testings there and then there's there's 83 00:04:52,839 --> 00:04:56,120 Speaker 1: um all kinds of benefits for employees. That's what this 84 00:04:56,200 --> 00:04:59,600 Speaker 1: is focused on, right, assuring that our families and our 85 00:05:00,320 --> 00:05:04,880 Speaker 1: the everyday American can get through this and be confined 86 00:05:05,040 --> 00:05:08,000 Speaker 1: and follow these behavioral changes and not lose their jobs. 87 00:05:08,000 --> 00:05:11,440 Speaker 1: That's why the recovery checks were set up. Unemployment insurance 88 00:05:11,480 --> 00:05:13,880 Speaker 1: will go up by six hundred dollars a week. But 89 00:05:14,400 --> 00:05:17,880 Speaker 1: we don't want to see people laid off, so employers 90 00:05:18,440 --> 00:05:22,960 Speaker 1: have been extended these new SBA loans that do have 91 00:05:23,000 --> 00:05:26,560 Speaker 1: some conditions on them. The conditions are to to, UH, 92 00:05:26,760 --> 00:05:29,120 Speaker 1: don't lay off your people because you're gonna need them 93 00:05:29,160 --> 00:05:31,240 Speaker 1: for the for the recovery, which is which is going 94 00:05:31,320 --> 00:05:34,560 Speaker 1: to happen sooner rather than later, we hope, and and 95 00:05:34,600 --> 00:05:38,440 Speaker 1: therefore by keeping your employees. The SBA loans will be 96 00:05:38,480 --> 00:05:43,040 Speaker 1: forgiven based upon the percentage of employees that that you retain. 97 00:05:43,520 --> 00:05:45,560 Speaker 1: And the good news is, even though we just saw 98 00:05:45,640 --> 00:05:48,480 Speaker 1: all these job losses three and a half million people, 99 00:05:49,000 --> 00:05:52,360 Speaker 1: you can go back to February fifteen, employers can rehire 100 00:05:52,440 --> 00:05:57,040 Speaker 1: them and that will count towards their for their SBA 101 00:05:57,160 --> 00:06:01,240 Speaker 1: loan forgiveness. So a lot of things were covered here. Um, 102 00:06:01,320 --> 00:06:03,880 Speaker 1: and then let's look at the large businesses. This Treasury 103 00:06:03,880 --> 00:06:06,840 Speaker 1: Exchange Stabilization Fund was set up. I mean, we can't 104 00:06:06,839 --> 00:06:09,279 Speaker 1: forget about large businesses. We do have sixty eight million 105 00:06:09,279 --> 00:06:12,599 Speaker 1: Americans that that work for large businesses. And then I 106 00:06:12,640 --> 00:06:14,360 Speaker 1: got to hand it to the FED and and to 107 00:06:14,640 --> 00:06:17,400 Speaker 1: the yeah, the Treasury Department. I had to I had 108 00:06:17,440 --> 00:06:19,640 Speaker 1: to do a double take, Congressman when I was watching 109 00:06:19,640 --> 00:06:22,039 Speaker 1: the Today's Show this morning and saw FED Chair J. 110 00:06:22,120 --> 00:06:24,279 Speaker 1: Powell give an interview on the Today Show. Let me 111 00:06:24,279 --> 00:06:26,120 Speaker 1: ask you this though. So the President has now been 112 00:06:26,160 --> 00:06:29,440 Speaker 1: openly and we're awaiting the press conference, but the President 113 00:06:29,480 --> 00:06:33,080 Speaker 1: now is openly talking about the idea of reopening parts 114 00:06:33,760 --> 00:06:36,400 Speaker 1: of the country and whatnot to to ease some of 115 00:06:36,400 --> 00:06:39,200 Speaker 1: the economic plant brought of this. And he has said, 116 00:06:39,600 --> 00:06:41,880 Speaker 1: you know, he doesn't want the he doesn't want the 117 00:06:42,640 --> 00:06:45,520 Speaker 1: cure to be worse than the virus itself. So in China, 118 00:06:45,560 --> 00:06:47,600 Speaker 1: and I did my homework on this, folks, and China 119 00:06:48,000 --> 00:06:51,560 Speaker 1: they shutdown Ruhan, they shutdown southern cities, but they didn't 120 00:06:51,560 --> 00:06:53,920 Speaker 1: shut down the entire country. There were other cities that 121 00:06:53,960 --> 00:06:57,880 Speaker 1: were life went on as normal. Uh. And after they 122 00:06:57,920 --> 00:07:00,800 Speaker 1: got ahead of it. So Congressman, walk me through this, 123 00:07:01,040 --> 00:07:03,640 Speaker 1: and let's get out of the cable news saga. If 124 00:07:03,680 --> 00:07:05,400 Speaker 1: you will talk to me. You know when you talk 125 00:07:05,480 --> 00:07:07,880 Speaker 1: to small and medium sized businesses in the Nice Congressional 126 00:07:07,920 --> 00:07:10,720 Speaker 1: District of Pennsylvania, you know what are you telling them 127 00:07:10,760 --> 00:07:14,320 Speaker 1: as it relates to potential reopenings? Well, I tell them 128 00:07:14,360 --> 00:07:18,080 Speaker 1: to plan for it. Right. But along the way, until 129 00:07:18,160 --> 00:07:20,920 Speaker 1: we have a grasp on on this and a grip 130 00:07:20,960 --> 00:07:25,920 Speaker 1: on this virus, we must maintain the social distancing. We 131 00:07:26,040 --> 00:07:30,000 Speaker 1: must continue to be highly sensive to the to the 132 00:07:30,080 --> 00:07:34,120 Speaker 1: behavioral changes in the workplace and and in your regular 133 00:07:34,440 --> 00:07:37,800 Speaker 1: daily life. Uh. And we we we've got to secure 134 00:07:38,280 --> 00:07:41,600 Speaker 1: so as it is a very safe environment that employees 135 00:07:41,640 --> 00:07:44,640 Speaker 1: feel comfortable in and anybody who can work at home 136 00:07:44,680 --> 00:07:48,880 Speaker 1: should work at home. Uh and UM, and proper workstations 137 00:07:48,960 --> 00:07:51,960 Speaker 1: and and cafeterias and lunch areas, and that sort of 138 00:07:51,960 --> 00:07:57,560 Speaker 1: thing need to provide uh enough isolation. So so we 139 00:07:57,560 --> 00:08:00,080 Speaker 1: we we do all that, and then we need to 140 00:08:00,560 --> 00:08:05,720 Speaker 1: slowly uh start opening up, particularly in regions where where 141 00:08:05,760 --> 00:08:08,920 Speaker 1: there's no spread, right where there's no new cases. And 142 00:08:09,040 --> 00:08:12,440 Speaker 1: we're certainly hopeful in Pennsylvania and for the country for 143 00:08:12,480 --> 00:08:15,520 Speaker 1: that matter, that that can occur within the next couple 144 00:08:15,560 --> 00:08:18,559 Speaker 1: of weeks. But we've we've got to keep our eye 145 00:08:18,760 --> 00:08:22,360 Speaker 1: on assuring that that we don't have an economic shutdown. 146 00:08:22,960 --> 00:08:26,120 Speaker 1: But we're we're funding and setting up federal legislation so 147 00:08:26,160 --> 00:08:28,560 Speaker 1: as we can handle us lowdown for all people. So, 148 00:08:28,600 --> 00:08:30,880 Speaker 1: Congressman Usters on the line, you've been so generous with 149 00:08:30,920 --> 00:08:33,040 Speaker 1: your time. I got one more question for the last 150 00:08:33,080 --> 00:08:36,199 Speaker 1: topic for you. So, the President's plan that he announced 151 00:08:36,200 --> 00:08:40,199 Speaker 1: today was he wanted He's told the governors this. He 152 00:08:40,240 --> 00:08:46,720 Speaker 1: wants to essentially risk the counties in the United States 153 00:08:47,440 --> 00:08:50,280 Speaker 1: according to their risk. He wants to rank counties according 154 00:08:50,320 --> 00:08:52,800 Speaker 1: to their risk, almost like a weather map. That's really 155 00:08:52,800 --> 00:08:56,880 Speaker 1: how I kind of visualize this, where if you know 156 00:08:57,000 --> 00:09:00,840 Speaker 1: New York City and is a hotspot as it's been called, 157 00:09:01,040 --> 00:09:03,000 Speaker 1: they have more significant risk for this. But if there 158 00:09:03,000 --> 00:09:05,760 Speaker 1: are counties in other parts of the country where there 159 00:09:05,800 --> 00:09:09,640 Speaker 1: are not as much as significant risk due to COVID nineteen. 160 00:09:10,160 --> 00:09:13,640 Speaker 1: Then the argument that the President is circulating is, well, 161 00:09:13,720 --> 00:09:17,440 Speaker 1: maybe they could be open for business and whatnot? Is 162 00:09:17,480 --> 00:09:20,600 Speaker 1: that something that you and your Republican colleagues are on 163 00:09:20,600 --> 00:09:26,480 Speaker 1: board with, uh, sir, or is or not? I'm very 164 00:09:26,520 --> 00:09:31,199 Speaker 1: open to the discussion on opening up slowly and properly. Uh. 165 00:09:31,280 --> 00:09:35,160 Speaker 1: The our economy and businesses by all means that the 166 00:09:35,720 --> 00:09:39,559 Speaker 1: President is just showing that he's a frankly a chess player, 167 00:09:39,720 --> 00:09:43,880 Speaker 1: not a checker player. He's he's looking out two, three, 168 00:09:44,040 --> 00:09:47,000 Speaker 1: four or five six weeks. So we do need to 169 00:09:47,000 --> 00:09:51,600 Speaker 1: begin that planning. And we look, it's as important as 170 00:09:52,360 --> 00:09:55,680 Speaker 1: as stopping this virus is to assure that we have 171 00:09:55,760 --> 00:09:59,080 Speaker 1: in America to come back to uh, you know, at 172 00:09:59,120 --> 00:10:01,240 Speaker 1: the level of devast nation that can occur in the 173 00:10:01,320 --> 00:10:03,920 Speaker 1: level of loss of lives and loss of of of 174 00:10:05,000 --> 00:10:10,080 Speaker 1: homes and value and and self worth UH and and 175 00:10:10,120 --> 00:10:12,400 Speaker 1: other things can happen from that as well. So we 176 00:10:12,440 --> 00:10:15,439 Speaker 1: need to be able to do both. Uh. And certainly 177 00:10:15,600 --> 00:10:18,640 Speaker 1: it's not one of the other. And yeah, that that's 178 00:10:18,720 --> 00:10:23,400 Speaker 1: that's an absolute smart conversation for us to begin having 179 00:10:24,080 --> 00:10:27,120 Speaker 1: shortly alright, Congressman, damn you, sir, I'm giving you an 180 00:10:27,120 --> 00:10:29,360 Speaker 1: elbow bumb thanks for coming on, thanks for calling in 181 00:10:29,400 --> 00:10:34,320 Speaker 1: a Pennsylvania, Pennsylvania guy. So we appreciate that as we'll 182 00:10:34,400 --> 00:10:36,720 Speaker 1: come back on next time, and um, you know, past 183 00:10:36,800 --> 00:10:40,120 Speaker 1: that thing tomorrow, please joining us. Now we're gonna pivot 184 00:10:40,200 --> 00:10:45,240 Speaker 1: all the way around the world to go to Madrid. 185 00:10:45,480 --> 00:10:48,680 Speaker 1: I believe we're going to Madrid, Madrid, Spain. My colleague 186 00:10:48,760 --> 00:10:52,880 Speaker 1: Ben Syllous Sills, Sorry, Ben Sills is on the line. 187 00:10:52,880 --> 00:10:55,600 Speaker 1: I'm working from home still, folks. I got like all 188 00:10:55,640 --> 00:11:00,800 Speaker 1: these screens open cameras. They've converted my my apartment living 189 00:11:00,920 --> 00:11:05,600 Speaker 1: room into like a makeshift TV radio studio. And so anyway, 190 00:11:05,600 --> 00:11:07,959 Speaker 1: if I'm if, I'm a little slow not getting the 191 00:11:08,559 --> 00:11:12,200 Speaker 1: next segment transition, Ben Stills. That's why Bloomberg European Government 192 00:11:12,200 --> 00:11:14,400 Speaker 1: team leader. He calls us from Madrid. Ben, how are 193 00:11:14,440 --> 00:11:17,920 Speaker 1: you and how are the Spaniards handling this COVID nineteen. 194 00:11:18,880 --> 00:11:20,840 Speaker 1: I'm all right, I've not been at my house for 195 00:11:20,920 --> 00:11:26,160 Speaker 1: nearly two weeks. Now, are you serious? It's got pretty 196 00:11:26,200 --> 00:11:28,840 Speaker 1: it's got pretty serious over here. It's got pretty serious 197 00:11:28,840 --> 00:11:32,640 Speaker 1: over here. So so what are you you're not. You 198 00:11:32,640 --> 00:11:35,080 Speaker 1: haven't left your house. They're not even to go on 199 00:11:35,120 --> 00:11:38,160 Speaker 1: a walk. Nope, we're not allowed to go out, even 200 00:11:38,200 --> 00:11:40,840 Speaker 1: to go out for walks, no running, no exercise except 201 00:11:40,840 --> 00:11:44,160 Speaker 1: what you can do in your front room. Wow. For 202 00:11:44,240 --> 00:11:46,680 Speaker 1: two weeks. And is there any chatter as to when 203 00:11:46,720 --> 00:11:51,800 Speaker 1: that will when that will change? Uh, there's a lot 204 00:11:51,800 --> 00:11:54,440 Speaker 1: of chatter. There's a chatter about when it's going to change. 205 00:11:54,440 --> 00:11:56,600 Speaker 1: A lot of what's that groups with a messaging, a 206 00:11:56,600 --> 00:11:58,839 Speaker 1: lot of speculation, a lot of kind of families and 207 00:11:58,960 --> 00:12:01,439 Speaker 1: in themselves really did year as a kid locked up 208 00:12:01,880 --> 00:12:05,160 Speaker 1: to keep them, to keep the morale going. Um. Officially, 209 00:12:05,480 --> 00:12:10,000 Speaker 1: the lockdown is due to last till April eleven. Um. 210 00:12:10,200 --> 00:12:14,200 Speaker 1: Nobody I've spoken to really believe just gonna lift at 211 00:12:14,240 --> 00:12:17,640 Speaker 1: that point. Um. The number of cases we're seeing here 212 00:12:17,760 --> 00:12:22,680 Speaker 1: is still spiraling at a tremendous rate. Um. There were 213 00:12:24,480 --> 00:12:29,320 Speaker 1: seven hundred people died yesterday. Six of the people died today. Um. 214 00:12:29,480 --> 00:12:32,680 Speaker 1: We are in the real kind of steep bit of 215 00:12:32,679 --> 00:12:41,000 Speaker 1: the curve. There are forty five fifty thousand confirmed cases now. Uh. 216 00:12:41,160 --> 00:12:44,199 Speaker 1: Two and a half weeks ago there were a thousand. Um. 217 00:12:44,360 --> 00:12:49,520 Speaker 1: So Um, the country is really battling down the hatches 218 00:12:50,000 --> 00:12:55,640 Speaker 1: riding out the storm. The hospitals are really really on 219 00:12:55,679 --> 00:13:01,120 Speaker 1: the brink um and everyone is just really the praying 220 00:13:01,240 --> 00:13:04,320 Speaker 1: that this weekend, which is going to mark the two 221 00:13:04,320 --> 00:13:09,280 Speaker 1: weeks of the lockdown, is gonna it's gonna show some 222 00:13:10,880 --> 00:13:14,840 Speaker 1: slow down in the rated contagion. So Ben Sils is 223 00:13:14,840 --> 00:13:18,520 Speaker 1: on the line. He's Bloomberg Government's European European team leader. 224 00:13:18,559 --> 00:13:21,000 Speaker 1: I mean he's called. He's calling us from Madrid, Spain. 225 00:13:21,960 --> 00:13:24,079 Speaker 1: If people do leave their homes, are they taking a 226 00:13:24,200 --> 00:13:27,840 Speaker 1: jail or how is it enforced? Or are people yeah 227 00:13:27,920 --> 00:13:32,120 Speaker 1: yeah yeah. On the on the ninth that the Prime 228 00:13:32,120 --> 00:13:35,880 Speaker 1: Minister Pedro Sanchez announced what they called here the state 229 00:13:35,880 --> 00:13:40,440 Speaker 1: of emergency, they were drones flying around Madrid with loud 230 00:13:40,520 --> 00:13:45,160 Speaker 1: speakers telling people to get inside their apartments. Um. On 231 00:13:45,240 --> 00:13:48,800 Speaker 1: the day after, in the in the commuter town where 232 00:13:48,840 --> 00:13:52,360 Speaker 1: I live, the police were driving around town with loud 233 00:13:52,400 --> 00:13:55,720 Speaker 1: speakers telling people the game inside the house. They're stopping people, 234 00:13:56,080 --> 00:14:00,960 Speaker 1: they're quizzing people. My wife went down to the supermar yesterday. 235 00:14:01,120 --> 00:14:03,600 Speaker 1: She was stopped by a policeman wearing a kind of 236 00:14:03,640 --> 00:14:06,600 Speaker 1: protected gear who wanted to know where she was going 237 00:14:06,640 --> 00:14:09,000 Speaker 1: and gave a big long lecture about how dangerous is 238 00:14:09,040 --> 00:14:10,800 Speaker 1: to go out to the supermarket and how she needs 239 00:14:10,840 --> 00:14:13,280 Speaker 1: to just go once a week. And it's been like, 240 00:14:13,320 --> 00:14:17,319 Speaker 1: I think six hundred people arrested, seven thousand people sanctioned 241 00:14:17,360 --> 00:14:19,360 Speaker 1: one way or another for breaching the terms of the 242 00:14:20,160 --> 00:14:22,440 Speaker 1: of the of the of the quarantine. So yeah, the 243 00:14:22,680 --> 00:14:26,280 Speaker 1: government pretty serious about this. So meanwhile, a red headline 244 00:14:26,320 --> 00:14:29,480 Speaker 1: just crossing the Bloomberg terminal that the US has at 245 00:14:29,520 --> 00:14:34,040 Speaker 1: least eighty thousand confirmed cases of the coronavirus, surpassing Italy 246 00:14:34,120 --> 00:14:37,400 Speaker 1: and positioning the country to overtake China as the site 247 00:14:37,440 --> 00:14:41,320 Speaker 1: of the world's largest outbreak. The American tally was bolstered 248 00:14:41,320 --> 00:14:43,600 Speaker 1: by a large jump in New York, which had more 249 00:14:43,640 --> 00:14:47,000 Speaker 1: than six thousand cases on Thursday, bringing the state's total 250 00:14:47,080 --> 00:14:51,000 Speaker 1: in New York to thirty seven thousand. That accounts for 251 00:14:51,040 --> 00:14:55,720 Speaker 1: almost half of the outbreak nationwide. That is, you hear 252 00:14:55,800 --> 00:14:59,880 Speaker 1: that and you just your hearts with New York. So 253 00:15:00,200 --> 00:15:04,720 Speaker 1: what is the perception Ben Sills, Bloomberg, European team leader, 254 00:15:05,480 --> 00:15:07,800 Speaker 1: coming at us from Madrid, Spain, What is the perception 255 00:15:07,840 --> 00:15:10,040 Speaker 1: that are you guys even thinking about the Americans in 256 00:15:10,120 --> 00:15:14,240 Speaker 1: terms of how the US has handled this, I think 257 00:15:14,320 --> 00:15:18,640 Speaker 1: that the there is a it's a good question. I 258 00:15:18,680 --> 00:15:20,400 Speaker 1: don't think, to be honest, that people in Spain are 259 00:15:20,400 --> 00:15:22,000 Speaker 1: looking at the US very much. But I think if 260 00:15:22,000 --> 00:15:24,840 Speaker 1: you wanted to, if you wanted to read across, there 261 00:15:24,960 --> 00:15:29,960 Speaker 1: is a very clear sentiment from from Italy, which which 262 00:15:30,040 --> 00:15:34,080 Speaker 1: was which was hit with the the upsurge in cases 263 00:15:34,120 --> 00:15:37,400 Speaker 1: about a week or two before Spain, UM and looking 264 00:15:37,440 --> 00:15:39,560 Speaker 1: across props law to the UK, which is a bit 265 00:15:39,560 --> 00:15:43,400 Speaker 1: closer to home for the Spaniards, where they've been a 266 00:15:43,440 --> 00:15:48,920 Speaker 1: lot slower to impose really um harsh restrictions on the 267 00:15:48,960 --> 00:15:53,920 Speaker 1: movement of people and the and the basic UM message 268 00:15:53,920 --> 00:15:56,360 Speaker 1: with the basic sentiment of Spaniards I think is that 269 00:15:56,400 --> 00:16:01,520 Speaker 1: this thing gets out of control, then you could possibly 270 00:16:01,560 --> 00:16:11,040 Speaker 1: believe it and the sorts of ordeals that your doctors 271 00:16:11,240 --> 00:16:13,800 Speaker 1: and your nurses are going to be facing in the 272 00:16:13,800 --> 00:16:18,120 Speaker 1: emergency rooms and I see you wards, UM is probably 273 00:16:18,160 --> 00:16:21,480 Speaker 1: something that they haven't seen in their careers. UM. We 274 00:16:21,600 --> 00:16:27,360 Speaker 1: spoke to a guy from Madrid Main Hospital yesterday who said, um, 275 00:16:27,560 --> 00:16:29,760 Speaker 1: there were people dying in the waiting rooms. That are 276 00:16:29,760 --> 00:16:33,840 Speaker 1: people dying in the emergency rooms and they're dying not 277 00:16:33,920 --> 00:16:36,720 Speaker 1: because they can't be treated, but because there weren't enough ventilators. 278 00:16:36,960 --> 00:16:40,000 Speaker 1: There's a finite number of ventilators in Spain, in the 279 00:16:40,160 --> 00:16:45,800 Speaker 1: UK and Italy are desperately trying to find and mobilized 280 00:16:45,920 --> 00:16:48,640 Speaker 1: ventilators from wherever they can get them, because the number 281 00:16:48,680 --> 00:16:52,440 Speaker 1: of ventilators that you have has a direct effect on 282 00:16:52,480 --> 00:16:55,600 Speaker 1: the number of people who die on the line. He 283 00:16:55,880 --> 00:17:00,800 Speaker 1: is Bloomberg's European Government team leader from Madrid, Spain. He's 284 00:17:00,800 --> 00:17:04,120 Speaker 1: has according he hasn't left his flat in more than 285 00:17:04,320 --> 00:17:09,119 Speaker 1: in about two weeks, and he's really describing the dire, dire, 286 00:17:09,240 --> 00:17:13,920 Speaker 1: dire situation. Is there anything that's happened though, Ben, that's 287 00:17:13,960 --> 00:17:23,040 Speaker 1: that's giving you hope? Is there any good news? Uh? 288 00:17:23,080 --> 00:17:27,240 Speaker 1: Come on, then give me something this I mean like 289 00:17:28,080 --> 00:17:31,960 Speaker 1: this thing, this thing has a has a cycle. Um 290 00:17:32,000 --> 00:17:36,640 Speaker 1: it will pass. We know that, Um the academic will 291 00:17:36,640 --> 00:17:42,040 Speaker 1: burn itself out. The question is how many cases does 292 00:17:42,160 --> 00:17:45,920 Speaker 1: the health system have to have to cope with at 293 00:17:45,960 --> 00:17:50,080 Speaker 1: one time before it started, before it class? Can I 294 00:17:50,119 --> 00:17:52,679 Speaker 1: ask a question about something that's gotten a lot of 295 00:17:52,680 --> 00:17:57,080 Speaker 1: attention here with as it relates to Spain's The Madrid's 296 00:17:57,119 --> 00:18:00,359 Speaker 1: handling of this is that these kits that were purchase 297 00:18:00,440 --> 00:18:04,480 Speaker 1: from China. We're junk kids? Is it tell me about so? 298 00:18:04,640 --> 00:18:07,480 Speaker 1: She jing Ping, the General secretary of the Communist Party, 299 00:18:07,640 --> 00:18:15,480 Speaker 1: Si jing Ping set Spain kids that don't even work well. Apparently, UM, 300 00:18:15,720 --> 00:18:22,040 Speaker 1: the the Chinese embassy sent the Spanish government a list 301 00:18:22,359 --> 00:18:30,440 Speaker 1: of recommended suppliers, and the China and the Spanish government 302 00:18:30,520 --> 00:18:37,520 Speaker 1: then bought these kids from another supplier who wasn't licensed, 303 00:18:37,920 --> 00:18:43,280 Speaker 1: and now they stuck with six coronavirus tests that don't work. 304 00:18:43,560 --> 00:18:54,520 Speaker 1: So who's fall is that? UM? I suspect that UM 305 00:18:54,560 --> 00:18:57,600 Speaker 1: the Spanish, the prety cheesed off with the Chinese. UM. 306 00:18:58,400 --> 00:19:02,159 Speaker 1: I suspect the Chinese. UH feel like they come with 307 00:19:02,200 --> 00:19:06,159 Speaker 1: their backs, UM with the guidance and Spain should have 308 00:19:06,200 --> 00:19:09,520 Speaker 1: taken a bit more cat. I think that UM quite 309 00:19:09,520 --> 00:19:15,720 Speaker 1: difficult to stop and check um uh when you're in 310 00:19:15,760 --> 00:19:18,240 Speaker 1: the middle of a situation night theay, I just can't 311 00:19:18,280 --> 00:19:21,000 Speaker 1: even I can't even fathom that you are in the 312 00:19:21,000 --> 00:19:23,479 Speaker 1: middle of a situation like this and the tests that 313 00:19:23,520 --> 00:19:27,880 Speaker 1: were purchased from China work thirty of the time. That's 314 00:19:27,920 --> 00:19:33,080 Speaker 1: that's that's horrific. That is horrific, horrific, and UH and 315 00:19:33,240 --> 00:19:36,800 Speaker 1: the Chinese horrific things happening in many horrific things. The 316 00:19:36,880 --> 00:19:39,280 Speaker 1: Chinese embassies denying this. I mean, of course they are, 317 00:19:39,320 --> 00:19:42,640 Speaker 1: but I mean it's just you know, you hear this, 318 00:19:42,720 --> 00:19:46,240 Speaker 1: and all right, listen, Ben, please stay safe. My my, 319 00:19:46,240 --> 00:19:50,359 Speaker 1: my gratitude, my respect, all of my prayers sending to 320 00:19:50,480 --> 00:19:53,680 Speaker 1: you and your family. Please stay safe. Thanks for checking in, 321 00:19:54,240 --> 00:19:57,240 Speaker 1: and uh do me a favor. I'm gonna have Matt Shirley, 322 00:19:57,400 --> 00:20:00,960 Speaker 1: our our lead booker, on the program. Once you flatten 323 00:20:01,000 --> 00:20:03,399 Speaker 1: that curve, I want you back on this show, and 324 00:20:03,440 --> 00:20:06,520 Speaker 1: I want you telling us about some positive news. You 325 00:20:06,640 --> 00:20:11,080 Speaker 1: got that, all right? Thanks, Benn. I'm thinking of you, buddy. 326 00:20:11,080 --> 00:20:12,639 Speaker 1: Thanks for all your hard work, and thanks to your 327 00:20:12,680 --> 00:20:16,480 Speaker 1: team over there. You guys are doing such incredible, incredible journalism.