1 00:00:00,360 --> 00:00:05,080 Speaker 1: Live from our nation's camera. How do we reopen this economy? 2 00:00:05,200 --> 00:00:08,320 Speaker 1: The latest on how this pandemic is impacting farmers. What 3 00:00:08,400 --> 00:00:11,399 Speaker 1: does this do from the United States relationship with China? 4 00:00:11,600 --> 00:00:16,520 Speaker 1: Bloomberg Sound On, the Insiders, the influencers, the insides. We're 5 00:00:16,560 --> 00:00:19,720 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:19,840 --> 00:00:23,400 Speaker 1: never before. You're looking at seveny Kennedys for different beams. 7 00:00:23,480 --> 00:00:26,160 Speaker 1: How do we make sure a pandemic of this gale 8 00:00:26,200 --> 00:00:30,240 Speaker 1: never happens again? This is Bloomberg Sound On with Kevin 9 00:00:30,320 --> 00:00:34,800 Speaker 1: Surrelate on Bloomberg and one oh five point seven fm 10 00:00:34,960 --> 00:00:38,720 Speaker 1: h D two Showdown in Cleveland. We're just hours away 11 00:00:38,880 --> 00:00:43,280 Speaker 1: from the first presidential debate. We have every angle covered, 12 00:00:43,320 --> 00:00:47,800 Speaker 1: the economy, coronavirus, and we check in with both campaigns, 13 00:00:47,800 --> 00:00:52,040 Speaker 1: including an immediate interview with Congressman Tim Ryan, a Democrat 14 00:00:52,120 --> 00:00:55,440 Speaker 1: from Ohio. Will Joe Biden be able to unify the 15 00:00:55,480 --> 00:00:58,560 Speaker 1: far left and the centrist We're just hours away, folks, 16 00:00:59,200 --> 00:01:03,640 Speaker 1: hours away from the first presidential debate, ninety minutes Democratic 17 00:01:03,680 --> 00:01:07,920 Speaker 1: presidential nominee Joe Biden going head to head ninety minutes 18 00:01:08,560 --> 00:01:11,280 Speaker 1: against President Trump. Chris Wallace, the moderator, he's known as 19 00:01:11,280 --> 00:01:15,800 Speaker 1: a meticulous preparer. He's gonna grill them on policy. We're 20 00:01:15,800 --> 00:01:19,240 Speaker 1: gonna have every angle covered, especially on the coronavirus and 21 00:01:19,319 --> 00:01:22,880 Speaker 1: of course on the economy, plus the latest on their 22 00:01:23,000 --> 00:01:26,520 Speaker 1: fiscal stimulus talks coming up. All throughout the program, We've 23 00:01:26,560 --> 00:01:29,000 Speaker 1: got an all star lineup for you. But we begin 24 00:01:29,080 --> 00:01:33,640 Speaker 1: tonight with Congressman Tim Ryan. He's a Democrat from Ohio 25 00:01:34,440 --> 00:01:37,600 Speaker 1: and he is on the front lines of the battleground state. 26 00:01:38,000 --> 00:01:41,800 Speaker 1: This is the type of Democrat that Joe Biden needs 27 00:01:41,800 --> 00:01:44,919 Speaker 1: to turn out and Joe Biden needs to win back 28 00:01:45,520 --> 00:01:48,559 Speaker 1: from President Trump. Ohio where I am, it's a state 29 00:01:48,600 --> 00:01:52,520 Speaker 1: that's been leaning more Republican in recent years. It's really 30 00:01:52,560 --> 00:01:56,440 Speaker 1: ground zero for the President's trade policies. They either love 31 00:01:56,480 --> 00:01:58,920 Speaker 1: it or they hate it. And so I asked Congressman 32 00:01:59,000 --> 00:02:02,800 Speaker 1: Ryan about all this, including about that GM plant that's 33 00:02:02,800 --> 00:02:07,120 Speaker 1: shut down just nearby his district. Take a listen to 34 00:02:07,200 --> 00:02:09,959 Speaker 1: Congressman Tim Ryan here he is. I think this is 35 00:02:09,960 --> 00:02:16,440 Speaker 1: gonna be a lot about demeanor, presentation, calmness, uh, you know, relatability, 36 00:02:16,480 --> 00:02:19,040 Speaker 1: those kind of things, more so than the actual issues 37 00:02:19,080 --> 00:02:20,399 Speaker 1: that are going to be out there. And I think 38 00:02:20,400 --> 00:02:23,280 Speaker 1: that's where Joe Biden really can take this race to 39 00:02:23,320 --> 00:02:26,720 Speaker 1: the next level for himself by connecting with the American people. Look, 40 00:02:26,760 --> 00:02:29,200 Speaker 1: there are a lot of working class Americans right now 41 00:02:29,240 --> 00:02:33,440 Speaker 1: who are dealing with the economic calamity that is the 42 00:02:33,960 --> 00:02:38,760 Speaker 1: coronavirus pandemic. What does he need to do to convince 43 00:02:39,639 --> 00:02:42,880 Speaker 1: the voters that he is not going to go so 44 00:02:42,960 --> 00:02:46,560 Speaker 1: far to the left that their economic livelihood during the 45 00:02:46,639 --> 00:02:49,560 Speaker 1: recovery would be upended. Well, I think first, you got 46 00:02:49,560 --> 00:02:52,040 Speaker 1: to get the virus under control or there's going to 47 00:02:52,080 --> 00:02:54,680 Speaker 1: be no economic growth. And I think you look at 48 00:02:54,720 --> 00:02:57,000 Speaker 1: the past. I mean, he took on a lot of 49 00:02:57,040 --> 00:03:00,840 Speaker 1: the left leaning people in our party during the Mary campaign. 50 00:03:01,320 --> 00:03:05,919 Speaker 1: His positions on energy, on natural gas, on healthcare are 51 00:03:06,080 --> 00:03:08,280 Speaker 1: much more aligned with people down the middle of the 52 00:03:08,280 --> 00:03:10,480 Speaker 1: political spectrum, maybe a little bit to the left. And 53 00:03:10,520 --> 00:03:12,360 Speaker 1: I think people are going to realize that and be very, 54 00:03:12,440 --> 00:03:15,400 Speaker 1: very comfortable with who he is. You know firsthand about 55 00:03:15,520 --> 00:03:19,560 Speaker 1: the impact of President Trump's trade policies. Your district in particular, 56 00:03:20,160 --> 00:03:23,480 Speaker 1: has has had plants that have been incredibly impacted by 57 00:03:23,520 --> 00:03:25,800 Speaker 1: the trade deals and the trade disputes of the President 58 00:03:26,120 --> 00:03:29,440 Speaker 1: has had. How would a President Biden differ in terms 59 00:03:29,440 --> 00:03:33,080 Speaker 1: of negotiating with countries like China. Well, I think first 60 00:03:33,120 --> 00:03:35,640 Speaker 1: Trump has been a disaster. I mean, we've seen anywhere 61 00:03:35,680 --> 00:03:38,520 Speaker 1: between three hundred thousand and eight hundred thousand jobs have 62 00:03:38,560 --> 00:03:41,920 Speaker 1: been outsourced under his first term. The trade deficit is 63 00:03:42,000 --> 00:03:45,400 Speaker 1: increased by eighteen percent. So it's a fallacy. Our our 64 00:03:45,440 --> 00:03:49,240 Speaker 1: farmers have been destroyed. And I think what Vice President 65 00:03:49,280 --> 00:03:53,120 Speaker 1: Biden brings his one firmness him in Obama put tariffs 66 00:03:53,120 --> 00:03:56,200 Speaker 1: on UH steel tubing coming into the country, which led 67 00:03:56,240 --> 00:03:58,440 Speaker 1: to a billion dollar investment in the steel mill in 68 00:03:58,440 --> 00:04:01,520 Speaker 1: my congressional district. But also, how do we outcompete China? 69 00:04:01,600 --> 00:04:07,000 Speaker 1: That's really the answer. Electric vehicles, batteries, charging stations AI 70 00:04:07,040 --> 00:04:09,800 Speaker 1: added to manufacturing new economy and that's what the Build 71 00:04:09,840 --> 00:04:11,760 Speaker 1: Back Better plan does and that's what we really need 72 00:04:11,840 --> 00:04:14,320 Speaker 1: to beat China's outcompete them. Let me follow up on 73 00:04:14,400 --> 00:04:17,279 Speaker 1: that because there are many especially in economic circles, that 74 00:04:17,320 --> 00:04:20,839 Speaker 1: are wondering just how a Biden administration would utilize tools 75 00:04:20,880 --> 00:04:22,880 Speaker 1: like tariffs. And what you said is that it would 76 00:04:22,880 --> 00:04:26,039 Speaker 1: be a more strategic approach. Yeah, I think it needs 77 00:04:26,080 --> 00:04:29,040 Speaker 1: to be more than it was, but it's it's definitely strategic. 78 00:04:29,120 --> 00:04:32,400 Speaker 1: Oil country tubular goods when they're getting dump boom. You know, 79 00:04:32,440 --> 00:04:34,800 Speaker 1: you can put on terroiffs and do it case by case, 80 00:04:35,680 --> 00:04:37,839 Speaker 1: because we have been damaged by it. But as you're 81 00:04:37,880 --> 00:04:40,280 Speaker 1: doing that in a more strategic way, the better build 82 00:04:40,279 --> 00:04:42,360 Speaker 1: back better in a more strategic way, and that means 83 00:04:42,400 --> 00:04:47,000 Speaker 1: dominate these industries of the future. China dominated the electric 84 00:04:47,080 --> 00:04:50,000 Speaker 1: vehicle market pre covid or. Do we have a plan 85 00:04:50,040 --> 00:04:51,560 Speaker 1: to do that? Joe Biden does, and we're going to 86 00:04:51,640 --> 00:04:54,520 Speaker 1: dominate the electric vehicle market. That's just one example. Meanwhile, 87 00:04:54,720 --> 00:04:57,679 Speaker 1: not just with economics with China, but also with Europe. 88 00:04:58,040 --> 00:05:00,560 Speaker 1: There's been a lot of turbulence, a lot of latility 89 00:05:00,920 --> 00:05:04,840 Speaker 1: with how uh US business owners are having to navigate through. 90 00:05:04,920 --> 00:05:07,800 Speaker 1: Now what's been going on with Europe? What impact has 91 00:05:07,880 --> 00:05:11,400 Speaker 1: that had on your district? Well, I mean Europe obviously 92 00:05:11,440 --> 00:05:13,440 Speaker 1: we're on a we're on a different playing field with 93 00:05:13,440 --> 00:05:16,560 Speaker 1: them because they have labor standards, they have environmental standards, 94 00:05:16,600 --> 00:05:18,640 Speaker 1: they have you know, they take care of their workers 95 00:05:18,680 --> 00:05:20,679 Speaker 1: in a in a way much better than say China 96 00:05:20,839 --> 00:05:23,640 Speaker 1: or Mexico. So our trade relationship with Europe is much 97 00:05:23,839 --> 00:05:27,520 Speaker 1: more stable. Um. But clearly they've been hurt by the 98 00:05:27,520 --> 00:05:30,920 Speaker 1: coronavirus a lot of the manufacturing in northern Italy, so 99 00:05:30,960 --> 00:05:33,400 Speaker 1: they've been hurt as well. So but Biden is someone 100 00:05:33,440 --> 00:05:35,840 Speaker 1: who's going to re establish these relationships and we can 101 00:05:35,839 --> 00:05:39,760 Speaker 1: play a leadership role around the European Union, around NATO. 102 00:05:39,960 --> 00:05:43,280 Speaker 1: Unlike Donald Trump has done, he's destroyed those relationships. The 103 00:05:44,040 --> 00:05:46,479 Speaker 1: political chatter is that Ohio is moving in a in 104 00:05:46,480 --> 00:05:49,159 Speaker 1: a more conservative direction. You're here on the ground, you 105 00:05:49,200 --> 00:05:51,560 Speaker 1: talk to your constituents, is that does does Joe Biden 106 00:05:51,640 --> 00:05:53,680 Speaker 1: have a shot to win in Ohio? We're gonna win Ohio. 107 00:05:53,880 --> 00:05:56,440 Speaker 1: I'm telling you, right, what are you seeing that We're not? Well, 108 00:05:56,560 --> 00:05:59,520 Speaker 1: what we're seeing is in the suburbs, um you're seeing 109 00:05:59,640 --> 00:06:01,640 Speaker 1: a lot of Biden signs where there hasn't been a 110 00:06:01,680 --> 00:06:04,280 Speaker 1: Democratic sign for a long time, and not a lot 111 00:06:04,279 --> 00:06:07,359 Speaker 1: of Trump signs. And then with the working class people, 112 00:06:07,440 --> 00:06:10,600 Speaker 1: those people who voted against Hillary Clinton, you know, not 113 00:06:10,640 --> 00:06:13,640 Speaker 1: necessarily for Trump. Those people are starting to move back. 114 00:06:13,640 --> 00:06:16,400 Speaker 1: You're seeing it in the rank and file labor unions. 115 00:06:16,440 --> 00:06:19,520 Speaker 1: One said to me, uh, I sent Trump there to 116 00:06:19,640 --> 00:06:22,200 Speaker 1: stir things up, not to screw things up. And he 117 00:06:22,240 --> 00:06:24,839 Speaker 1: didn't say screw um. And so you know that those 118 00:06:24,839 --> 00:06:26,479 Speaker 1: are the kind of voters that are coming back. They're 119 00:06:26,560 --> 00:06:30,159 Speaker 1: very comfortable with Biden's position on natural gas, on manufacturing, 120 00:06:30,640 --> 00:06:32,880 Speaker 1: kind of the bread and infrastructure. They like that, and 121 00:06:32,880 --> 00:06:35,760 Speaker 1: they're gonna come back home. You're heading back to Washington, 122 00:06:35,839 --> 00:06:39,440 Speaker 1: D C. For fiscal stimulus talks. Uh, You're about to 123 00:06:39,520 --> 00:06:42,960 Speaker 1: vote in the coming days on a package put forth 124 00:06:42,960 --> 00:06:46,320 Speaker 1: by Speaker Pelosi that is about two point four trillion dollars, 125 00:06:46,360 --> 00:06:49,599 Speaker 1: significantly less than the Cares Act that had been worth 126 00:06:49,640 --> 00:06:53,320 Speaker 1: more than three trillion dollars several months ago. Is this 127 00:06:53,400 --> 00:06:56,880 Speaker 1: an opportunity for compromise? Is this the moment for compromise 128 00:06:56,920 --> 00:06:59,160 Speaker 1: with Republicans and Democrats? God? I hope so. I mean, 129 00:06:59,160 --> 00:07:01,440 Speaker 1: when you see the the rates of people who are 130 00:07:01,440 --> 00:07:05,279 Speaker 1: worried about, you know, paying their bills, bankruptcy, losing their home, 131 00:07:05,680 --> 00:07:09,520 Speaker 1: you know, evictions still are out there, small businesses, restaurants, 132 00:07:09,840 --> 00:07:11,320 Speaker 1: Now is the time. I mean, if we can't do 133 00:07:11,320 --> 00:07:12,960 Speaker 1: it now, it's not going to happen. And you know, 134 00:07:13,000 --> 00:07:16,000 Speaker 1: now we're talking into November. I think we're gonna lose 135 00:07:16,040 --> 00:07:17,720 Speaker 1: a lot of businesses that will never come back. We 136 00:07:17,800 --> 00:07:20,680 Speaker 1: have to act now. Final question is from a practical matter, 137 00:07:20,840 --> 00:07:24,280 Speaker 1: procedurally speaking, if it doesn't get done a fiscal stimulus 138 00:07:24,360 --> 00:07:27,400 Speaker 1: doesn't get done before the November three election, is December eleven, 139 00:07:27,520 --> 00:07:29,920 Speaker 1: the next cliffs, so to speak. When we could see 140 00:07:29,960 --> 00:07:32,280 Speaker 1: stimulus moving. People are trying to figure out when that 141 00:07:32,320 --> 00:07:34,400 Speaker 1: stimulus is going, when that is going to come on 142 00:07:34,440 --> 00:07:37,080 Speaker 1: the calendar. My history in eighteen years in Congress is 143 00:07:37,120 --> 00:07:39,120 Speaker 1: that it goes up right to the deadline. So I 144 00:07:39,120 --> 00:07:41,480 Speaker 1: would say, yeah, it would be probably early December. We 145 00:07:41,520 --> 00:07:43,840 Speaker 1: don't go back till after the election. Then you have 146 00:07:43,920 --> 00:07:46,480 Speaker 1: Thanksgiving and then a couple of weeks in early December, 147 00:07:46,480 --> 00:07:47,840 Speaker 1: So that would make the most sense. But I hope 148 00:07:47,840 --> 00:07:52,000 Speaker 1: we can get it done now because the ramifications when 149 00:07:52,040 --> 00:07:55,280 Speaker 1: we're talking about December eleventh as opposed to October eleventh 150 00:07:55,600 --> 00:07:58,800 Speaker 1: are significant for millions of people who will will be really, 151 00:07:58,840 --> 00:08:02,480 Speaker 1: really hurt by this. That was my interview with Congressman 152 00:08:02,560 --> 00:08:05,760 Speaker 1: Tim Ryan. He's a Democrat from Ohio. I spoke with 153 00:08:05,800 --> 00:08:11,720 Speaker 1: him earlier today. Uh here right outside of the Cleveland 154 00:08:11,760 --> 00:08:15,480 Speaker 1: Clinic where the first presidential debate is going to be 155 00:08:16,200 --> 00:08:18,760 Speaker 1: uh in just a couple of hours nine pm Eastern time, 156 00:08:19,120 --> 00:08:24,160 Speaker 1: ninety minutes. It's sponsored, of course by Case Western Reserve University, 157 00:08:24,280 --> 00:08:27,520 Speaker 1: here in Cleveland, Ohio. You know, I thought it was 158 00:08:27,560 --> 00:08:29,720 Speaker 1: interesting to hear what he had to say about the 159 00:08:29,720 --> 00:08:34,000 Speaker 1: fiscal stimulus talks. Remember that Democrats, Speaker Pelosi, the Democrats, 160 00:08:34,000 --> 00:08:36,839 Speaker 1: they're going to vote on a two point for trillion 161 00:08:36,960 --> 00:08:43,160 Speaker 1: dollar fiscal stimulus deal plan this week, and this is 162 00:08:43,200 --> 00:08:47,360 Speaker 1: really the last chance really that folks have in order 163 00:08:47,400 --> 00:08:49,360 Speaker 1: to get to some type of deal ahead of the 164 00:08:49,440 --> 00:08:53,720 Speaker 1: November three election. I spoke with Congressman Connor Lamb, he's 165 00:08:53,760 --> 00:08:57,120 Speaker 1: another centrist Democrat from southwestern Pennsylvania, and I asked him, 166 00:08:57,120 --> 00:08:59,240 Speaker 1: point plank, I mean, is this it? Because this as 167 00:08:59,280 --> 00:09:01,880 Speaker 1: good as it gets between now and November three, if 168 00:09:01,880 --> 00:09:03,240 Speaker 1: they want to get to some type of deal, And 169 00:09:03,240 --> 00:09:05,560 Speaker 1: he told me, you know, he he's optimistic. End he's 170 00:09:05,559 --> 00:09:09,320 Speaker 1: a politician, he's optimistic, but you know, really this is 171 00:09:09,440 --> 00:09:13,040 Speaker 1: this is the last chance. So two major economic stories 172 00:09:13,520 --> 00:09:17,440 Speaker 1: driving UH this week out of Washington, d C. The 173 00:09:17,440 --> 00:09:19,960 Speaker 1: the the volatility coming out of the first debate, and 174 00:09:19,960 --> 00:09:23,120 Speaker 1: then of course, UH, these fiscal stimulus talks coming up 175 00:09:23,120 --> 00:09:25,720 Speaker 1: on the program, we check in with the markets, and 176 00:09:25,760 --> 00:09:29,000 Speaker 1: then we're also going to check him with the president's 177 00:09:29,040 --> 00:09:31,640 Speaker 1: re election campaign. Kemberly GILFOYL is gonna join us. So 178 00:09:31,679 --> 00:09:35,200 Speaker 1: we've got a jam packed our Remember, you can download 179 00:09:35,200 --> 00:09:37,160 Speaker 1: the Bloomberg down On podcast on Apple I Tunes and 180 00:09:37,160 --> 00:09:39,280 Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app. 181 00:09:39,320 --> 00:09:41,800 Speaker 1: You can also find me on Radio dot com, I 182 00:09:41,920 --> 00:09:45,320 Speaker 1: Heart Radio, and Spotify. I'm Kevin Currelli. I'm the Chief 183 00:09:45,320 --> 00:09:49,199 Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio. And 184 00:09:49,320 --> 00:10:25,400 Speaker 1: you're listening to Cleveland, you're listening to Bloomberg, you're listening 185 00:10:25,440 --> 00:10:30,040 Speaker 1: to Bloomberg. Sound On with Kevin Surreley on Bloomberg and 186 00:10:30,120 --> 00:10:32,280 Speaker 1: one oh five point seven f m h D two. 187 00:10:32,600 --> 00:10:36,079 Speaker 1: I'm Kevin Curreli on the Chief Washington correspondent for Bloomberg, 188 00:10:37,320 --> 00:10:41,920 Speaker 1: Bloomberg Television and for Bloomberg Radio. And uh, we're awaiting 189 00:10:41,920 --> 00:10:44,640 Speaker 1: the first Democratic presidential debate. I mean, just some just 190 00:10:44,760 --> 00:10:48,640 Speaker 1: some color for folks. I mean there's no spin room. 191 00:10:48,880 --> 00:10:51,280 Speaker 1: I mean here I am in Cleveland covering the first debate. 192 00:10:51,320 --> 00:10:54,320 Speaker 1: There's literally no spin room. The folks at Case Western 193 00:10:54,360 --> 00:10:56,680 Speaker 1: Reserve University, in the Cleveland Clinic, and of course the 194 00:10:56,679 --> 00:11:00,000 Speaker 1: Presidential Debate Commission have just been so incredibly well organiz 195 00:11:01,120 --> 00:11:07,040 Speaker 1: but they're they're following all of the social distancing guidelines 196 00:11:07,559 --> 00:11:09,920 Speaker 1: because you know, here we are, so we're outside and 197 00:11:10,240 --> 00:11:12,440 Speaker 1: all of the both of the campaigns have been having 198 00:11:12,480 --> 00:11:17,720 Speaker 1: to send their surrogates outside UH to talk to us. 199 00:11:17,760 --> 00:11:20,200 Speaker 1: So so, and I think you can glean just a 200 00:11:20,240 --> 00:11:23,760 Speaker 1: little bit about the strategy of President Trump and Joe 201 00:11:23,760 --> 00:11:28,480 Speaker 1: Biden based upon whom they're surrounding themselves with, whom they 202 00:11:28,480 --> 00:11:34,000 Speaker 1: are surrounding themselves with. UH. And you've got centrist surrounding 203 00:11:35,800 --> 00:11:40,000 Speaker 1: Joe Biden. You've got Tim Ryan, Connor Lamb. We're gonna 204 00:11:40,040 --> 00:11:45,160 Speaker 1: hear from Connor Lamb coming up. And then for for 205 00:11:45,240 --> 00:11:49,360 Speaker 1: the president, it's Senator Marshall Blackburn, Jim Jordan's in terms 206 00:11:49,360 --> 00:11:50,800 Speaker 1: of rallying the base, I was looking at some of 207 00:11:50,800 --> 00:11:53,400 Speaker 1: the cross tabs and some of the polling that has 208 00:11:53,480 --> 00:11:57,880 Speaker 1: come out, and the President is overperforming amongst white working 209 00:11:57,880 --> 00:12:02,840 Speaker 1: class men. He's also overperforming amongst Hispanic votes compared to 210 00:12:02,880 --> 00:12:07,000 Speaker 1: his two thousand and sixteen turnout. In contrast to that, 211 00:12:07,080 --> 00:12:10,880 Speaker 1: Joe Biden's out performing amongst white work white suburban college 212 00:12:10,960 --> 00:12:16,079 Speaker 1: educated women, as well as African Americans comparatively speaking two 213 00:12:17,600 --> 00:12:22,080 Speaker 1: comparatively speaking to Hillary Clinton in two thousand and sixteen, 214 00:12:22,600 --> 00:12:25,720 Speaker 1: and we're awaiting our We're having some difficulty getting one 215 00:12:25,760 --> 00:12:27,400 Speaker 1: of our next guests on the line, so just bear 216 00:12:27,480 --> 00:12:29,959 Speaker 1: with me as we try to get maybe another reporter 217 00:12:30,880 --> 00:12:33,960 Speaker 1: or or someone else on the line, because we're trying 218 00:12:33,960 --> 00:12:36,800 Speaker 1: to get Clark Kendall, President and CEO of Kendall Capital, 219 00:12:36,840 --> 00:12:39,840 Speaker 1: to talk with us about, uh, the economic preview and 220 00:12:39,880 --> 00:12:43,640 Speaker 1: what investors are going to be looking for during the 221 00:12:43,720 --> 00:12:48,280 Speaker 1: first presidential debate, which is ninety minutes and we'll begin 222 00:12:48,320 --> 00:12:52,760 Speaker 1: at nine pm Eastern uh here in Cleveland, Ohio. And 223 00:12:52,800 --> 00:12:54,640 Speaker 1: I'm wondering if we can get a reporter. I'm wondering 224 00:12:54,640 --> 00:12:56,600 Speaker 1: if we can bring in one of our panelists early 225 00:12:57,000 --> 00:13:00,680 Speaker 1: in order to uh, you know, helped to navigate through 226 00:13:01,160 --> 00:13:03,160 Speaker 1: and I know our our crew, Christine Broad is working 227 00:13:03,559 --> 00:13:06,959 Speaker 1: tirelessly on that. Oh, I got some great news. Good Clark, 228 00:13:06,960 --> 00:13:09,480 Speaker 1: are you there? You're with me, buddy, Yes, I'm here, 229 00:13:09,520 --> 00:13:12,640 Speaker 1: Clark Kendall. Clark Kendall, President and CEO of Kendall Capital, 230 00:13:12,679 --> 00:13:14,360 Speaker 1: Thank you so much for joining us. All right, Clark, 231 00:13:14,440 --> 00:13:17,000 Speaker 1: what happened in the markets today? Well, first of all, 232 00:13:17,000 --> 00:13:19,040 Speaker 1: I gotta tell you, I'm a groupie. I listened to 233 00:13:19,080 --> 00:13:22,959 Speaker 1: you every night driving home from from Rock. Hopefully I 234 00:13:23,040 --> 00:13:25,400 Speaker 1: don't say anything stupid, you know what I mean. I 235 00:13:25,440 --> 00:13:28,000 Speaker 1: want you to keep coming back. Thank you, Clark. I 236 00:13:28,160 --> 00:13:31,000 Speaker 1: enjoy you. I'm a groupie. But market declined. Today was 237 00:13:31,040 --> 00:13:33,520 Speaker 1: the first time it declined in in four days. We 238 00:13:33,520 --> 00:13:36,440 Speaker 1: had to down down about hundred and thirty points. The 239 00:13:36,520 --> 00:13:39,920 Speaker 1: SMP was down sixteen, Nastack down thirty two. All we're 240 00:13:39,960 --> 00:13:42,640 Speaker 1: down about a half a percent in the major markets. 241 00:13:43,280 --> 00:13:45,120 Speaker 1: And so what what what? So? What was driving the 242 00:13:45,160 --> 00:13:47,720 Speaker 1: markets today? I mean, there's so much volatility. Investors are 243 00:13:47,760 --> 00:13:50,520 Speaker 1: freaking out about all the volatility that's coming in Washington 244 00:13:50,600 --> 00:13:53,440 Speaker 1: to mail and ballot story. You've got the fiscal stimulus talks. 245 00:13:53,640 --> 00:13:56,319 Speaker 1: What's what's been really the driving force here? Uh? And 246 00:13:56,360 --> 00:13:59,680 Speaker 1: today in the markets, well, today, everyone's talking about the 247 00:13:59,720 --> 00:14:05,280 Speaker 1: debate tonight, the concerns over the continuing growth in the 248 00:14:05,320 --> 00:14:10,360 Speaker 1: coronavirus cases over a million people worldwide. You got the 249 00:14:10,400 --> 00:14:13,360 Speaker 1: Democrats and the Republicans fighting each other. It seems like 250 00:14:13,440 --> 00:14:18,200 Speaker 1: on everything, the stimulus bill, Amy Barrett, the ballots, it 251 00:14:18,559 --> 00:14:21,000 Speaker 1: just continues here in Washington. You know, I was talking 252 00:14:21,040 --> 00:14:23,240 Speaker 1: with Tom Keene on Bloomberg surveillance, and of course my 253 00:14:23,280 --> 00:14:26,920 Speaker 1: colleague Jonathan Pharaoh and Lisa Branmo. It's on on on 254 00:14:26,960 --> 00:14:29,800 Speaker 1: Bloomberg Surveillance earlier this morning. And one of the economic 255 00:14:29,880 --> 00:14:32,960 Speaker 1: indicators that investors are really going to be looking at 256 00:14:33,000 --> 00:14:36,080 Speaker 1: in terms of who one who lost the first presidential 257 00:14:36,080 --> 00:14:38,760 Speaker 1: debate is the volatility index. What do we know about 258 00:14:38,760 --> 00:14:43,240 Speaker 1: how the volatility indexes shaping up over the next two months, 259 00:14:43,320 --> 00:14:47,080 Speaker 1: really even in the December, as as this political season 260 00:14:47,120 --> 00:14:50,200 Speaker 1: really hates up. Well, you got the VIX now up 261 00:14:50,280 --> 00:14:53,240 Speaker 1: in what high twenties, considerably higher than where it was 262 00:14:53,800 --> 00:14:56,800 Speaker 1: a year ago, but down from where we were, you know, 263 00:14:56,880 --> 00:14:59,720 Speaker 1: during the second quarter. I think the real concern for 264 00:14:59,800 --> 00:15:03,560 Speaker 1: an investors is, uh, the divergent between what's going on 265 00:15:03,600 --> 00:15:06,320 Speaker 1: in the market, what's going on in main street. You know, 266 00:15:06,400 --> 00:15:12,240 Speaker 1: the SMP of the the SMP index is tech driven 267 00:15:12,640 --> 00:15:15,400 Speaker 1: and it only is percent of the overall g d 268 00:15:15,560 --> 00:15:19,480 Speaker 1: P and just the opposite for the industrials. Industrials is 269 00:15:19,520 --> 00:15:23,400 Speaker 1: only thirteen percent of the index. But it's about of 270 00:15:23,400 --> 00:15:27,880 Speaker 1: our economy. I think that's what is driving the markets. 271 00:15:27,920 --> 00:15:30,800 Speaker 1: It's a divergence between what's going on main Street what's 272 00:15:30,840 --> 00:15:34,360 Speaker 1: going on into Wall Street. That the divergence is one 273 00:15:34,400 --> 00:15:36,400 Speaker 1: word for it. That's putting it politely. I mean, it 274 00:15:36,440 --> 00:15:40,920 Speaker 1: almost just seems totally divorced from reality in many ways 275 00:15:40,960 --> 00:15:43,280 Speaker 1: about what's happening on main Street versus what the investor 276 00:15:43,320 --> 00:15:46,240 Speaker 1: community uh is looking at. Let let me hammer home 277 00:15:46,280 --> 00:15:48,800 Speaker 1: on this on this vixed point just for if I could, 278 00:15:48,840 --> 00:15:51,600 Speaker 1: just for a second. I mean, I volatility, it goes 279 00:15:51,720 --> 00:15:54,600 Speaker 1: up tomorrow, does that mean President Trump performed well? And 280 00:15:54,640 --> 00:15:57,680 Speaker 1: if volatility goes down, does that mean that Joe Biden 281 00:15:57,840 --> 00:16:00,760 Speaker 1: did what he needed to do? Uh? Well, I think 282 00:16:00,800 --> 00:16:05,800 Speaker 1: we're going to have a volatility right up to the inflection. Um. 283 00:16:05,840 --> 00:16:08,480 Speaker 1: I do. We're gonna have volatility, But I think at 284 00:16:08,520 --> 00:16:12,720 Speaker 1: the end of the day, everyone is expecting that we're 285 00:16:12,720 --> 00:16:17,640 Speaker 1: not going to have the ballot results to the next morning. 286 00:16:17,680 --> 00:16:20,600 Speaker 1: It's going to take several several weeks. And I think, 287 00:16:20,680 --> 00:16:23,080 Speaker 1: just like the Chad several years ago, I think the 288 00:16:23,120 --> 00:16:26,720 Speaker 1: market is anticipating this, So there's gonna be volatility up 289 00:16:26,720 --> 00:16:28,440 Speaker 1: to it, and then I think it's going to be 290 00:16:28,480 --> 00:16:31,720 Speaker 1: relatively quiet because I figured, if we're talking about it 291 00:16:31,800 --> 00:16:34,960 Speaker 1: on the radio, the market knows it's going to happen. Well, 292 00:16:34,960 --> 00:16:37,120 Speaker 1: I was, you know, the haggy Chad's I was back 293 00:16:37,120 --> 00:16:39,400 Speaker 1: at elementary school. I remember that. I always I always 294 00:16:39,480 --> 00:16:41,480 Speaker 1: joke with my friend Audam Goodman down in Florida. So 295 00:16:41,560 --> 00:16:43,200 Speaker 1: I get ready for the Chads. It's gonna be mail 296 00:16:43,280 --> 00:16:45,520 Speaker 1: and mail and ballots, and coming up, we're gonna talk 297 00:16:45,520 --> 00:16:49,800 Speaker 1: with Congressman Connor Lamb. He is a Democrat from southwestern Pennsylvania. 298 00:16:49,840 --> 00:16:53,720 Speaker 1: He flipped a Trump seat in southwestern Pennsylvania. But you know, 299 00:16:54,120 --> 00:16:57,400 Speaker 1: I'm struck by this because I said, I said, Congressman Lamb, 300 00:16:57,880 --> 00:17:00,680 Speaker 1: do you really think Joe Biden is to go tough 301 00:17:00,720 --> 00:17:03,200 Speaker 1: on China with tariffs? I mean, do you really think 302 00:17:03,240 --> 00:17:07,920 Speaker 1: he's going to utilize some of those tariffs against against Europe, 303 00:17:07,960 --> 00:17:11,320 Speaker 1: against Mexico, Canada? I means terris And he said, well, 304 00:17:11,359 --> 00:17:14,800 Speaker 1: he Obama and Biden did it back in terms of 305 00:17:15,040 --> 00:17:18,040 Speaker 1: targeting some of what China was doing with the steel dumping. 306 00:17:18,119 --> 00:17:21,720 Speaker 1: So they are arguing that the that a democratic administration 307 00:17:21,720 --> 00:17:23,359 Speaker 1: would be more targeted in their terrors. But you know 308 00:17:23,400 --> 00:17:27,360 Speaker 1: what I hear from that Clark Kendall is I hear 309 00:17:27,359 --> 00:17:30,040 Speaker 1: that tariffs are here to stay. And I'm not sure 310 00:17:30,080 --> 00:17:32,800 Speaker 1: that that Wall Street understands that fully that the tariffs 311 00:17:32,800 --> 00:17:34,960 Speaker 1: are here to stay in turn as a as a 312 00:17:35,000 --> 00:17:38,359 Speaker 1: negotiating tool for the United States, regardless of who wins 313 00:17:38,880 --> 00:17:42,840 Speaker 1: UH in November three and the weeks to follow. You 314 00:17:42,880 --> 00:17:46,000 Speaker 1: know that is that's probably very true. We are going 315 00:17:46,040 --> 00:17:49,800 Speaker 1: to increase our terrors. But as a portfolio manager managing 316 00:17:49,840 --> 00:17:53,800 Speaker 1: other clients, other people's money, what is going on is 317 00:17:54,040 --> 00:17:56,879 Speaker 1: the nifty fifty stocks, the top ten of the SMP 318 00:17:57,800 --> 00:18:00,760 Speaker 1: is a huge percentage of the overall in the large 319 00:18:00,760 --> 00:18:03,960 Speaker 1: cap growth or trade to get huge valuations. We had 320 00:18:04,040 --> 00:18:08,399 Speaker 1: Beyond Meat today rise because and I said, you know, 321 00:18:08,480 --> 00:18:12,360 Speaker 1: that's a ten billion dollar market cap. They only had 322 00:18:12,400 --> 00:18:15,679 Speaker 1: a hundred and thirty million dollars in revenue the second 323 00:18:15,760 --> 00:18:19,720 Speaker 1: quarter of this year. UM, so you know, their trading 324 00:18:19,800 --> 00:18:22,639 Speaker 1: gets huge valuations. And we saw this back at the 325 00:18:22,680 --> 00:18:25,639 Speaker 1: turn of the century. There's been a great divergence. The 326 00:18:25,720 --> 00:18:28,840 Speaker 1: nasdacs up over twenty percent this year. The Russell two 327 00:18:28,880 --> 00:18:32,639 Speaker 1: thousand's down ten percent. You know, I come back companies 328 00:18:32,680 --> 00:18:36,879 Speaker 1: like United Rental UM. You know, is is a twelve 329 00:18:36,880 --> 00:18:41,160 Speaker 1: billion dollar company that has ten million, ten billion in revenue. 330 00:18:41,320 --> 00:18:44,760 Speaker 1: So I mean it's very there's a very profitable companies 331 00:18:44,800 --> 00:18:47,200 Speaker 1: in the market, and I think that's what investors need 332 00:18:47,280 --> 00:18:50,639 Speaker 1: to do, and I think, quite frankly, that the election 333 00:18:50,800 --> 00:18:53,679 Speaker 1: can be can be an excuse to re focus on 334 00:18:53,760 --> 00:18:55,879 Speaker 1: the fund of miles of that return of cash flow. 335 00:18:56,040 --> 00:18:58,280 Speaker 1: Every time one of those vegan brands is in the news, 336 00:18:58,359 --> 00:18:59,879 Speaker 1: I always want a burger. I don't know what that 337 00:19:00,000 --> 00:19:02,040 Speaker 1: says about me. It always just makes me hungry. Clark 338 00:19:02,119 --> 00:19:05,000 Speaker 1: Kendall quickly in thirty seconds. Are people moving their money 339 00:19:05,000 --> 00:19:07,040 Speaker 1: to Japan? I mean, is that really the only safe haven? 340 00:19:08,240 --> 00:19:12,040 Speaker 1: I don't think so. Now most Americans spend of their 341 00:19:12,080 --> 00:19:15,360 Speaker 1: money in dollars. I think it will continue to be dollars. 342 00:19:15,640 --> 00:19:19,840 Speaker 1: And what over SMP revenue is generated by foreign sales, 343 00:19:20,359 --> 00:19:23,560 Speaker 1: so um, I don't think people are moving their money 344 00:19:23,560 --> 00:19:28,600 Speaker 1: out of the Clark Kendall, President, CEO of Kendall Kendall Capital. Hey, Clark, 345 00:19:28,640 --> 00:19:30,560 Speaker 1: come back and talk to us anytime. I really appreciate 346 00:19:30,560 --> 00:19:32,679 Speaker 1: you making the time for me, especially on Debate Night. 347 00:19:32,960 --> 00:19:36,680 Speaker 1: Debate Night in America coming up. Congressman Connor Lamb and 348 00:19:36,800 --> 00:19:38,800 Speaker 1: Kimberly Gilfoyle. You don't want to miss it. I'm Kevin's 349 00:19:38,840 --> 00:19:41,879 Speaker 1: really chief Washington correspondent for Bloomberg Television, for Bloomberg Radio 350 00:19:42,000 --> 00:19:56,280 Speaker 1: and you're listening to Bloomberg. Why from how do we 351 00:19:56,440 --> 00:20:00,600 Speaker 1: reopen this economy? The latest on how this endemic is 352 00:20:00,600 --> 00:20:03,719 Speaker 1: impacting farmers, What does this do? From the United States 353 00:20:03,720 --> 00:20:08,879 Speaker 1: relationship with China? Bloomberg Sound On, the insiders, the influencers, 354 00:20:08,960 --> 00:20:12,520 Speaker 1: the insides. We're responding to this crisis and manufacturers are 355 00:20:12,520 --> 00:20:15,880 Speaker 1: stepping up like never before. You're looking at seventy kendidates 356 00:20:15,960 --> 00:20:18,959 Speaker 1: for different vaccines. How do we make sure a pandemic 357 00:20:19,040 --> 00:20:22,760 Speaker 1: of this gale never happens again? This is Bloomberg Sound 358 00:20:22,840 --> 00:20:27,200 Speaker 1: On with Kevin Surrelate on Bloomberg one and one oh 359 00:20:27,240 --> 00:20:30,679 Speaker 1: five point seven m h D two countdown to Debate 360 00:20:30,840 --> 00:20:34,879 Speaker 1: Night in America, just hours away from the first presidential debate. 361 00:20:35,240 --> 00:20:39,080 Speaker 1: I'm here live in Cleveland, and we've got every angle covered, 362 00:20:39,160 --> 00:20:44,280 Speaker 1: including interviews with Congressman Connor Lamb and Kimberly Gilfoyle. How 363 00:20:44,359 --> 00:20:47,520 Speaker 1: will the politics, the policy, and the back and forth 364 00:20:47,560 --> 00:20:52,480 Speaker 1: political banter impact Joe Biden and President Trump? Plus the 365 00:20:52,560 --> 00:20:56,480 Speaker 1: latest on fiscal stimulus talks. As Speaker Pelosi prepares for 366 00:20:56,760 --> 00:21:00,000 Speaker 1: House Democrats to have a final option ahead of November 367 00:21:00,119 --> 00:21:02,560 Speaker 1: or for more economic relief. We have a lot to 368 00:21:02,600 --> 00:21:06,480 Speaker 1: get through here. Outside of the Cleveland Clinic at the 369 00:21:06,520 --> 00:21:11,320 Speaker 1: first presidential debate in Cleveland, Cleveland, Ohio. It sponsored by 370 00:21:11,320 --> 00:21:15,240 Speaker 1: Case Western Reserve University. Beautiful Day, a little bit chilly, 371 00:21:15,440 --> 00:21:19,880 Speaker 1: beautiful fall, brisk chili day here in Cleveland, Ohio. We're 372 00:21:19,880 --> 00:21:24,960 Speaker 1: at nine pm Eastern time. President Donald Trump goes on stage, 373 00:21:25,040 --> 00:21:28,480 Speaker 1: no handshake because of the social distance guidelines with Democratic 374 00:21:28,520 --> 00:21:32,520 Speaker 1: presidential nominee Joe Biden. Ninety minutes moderated by of course 375 00:21:32,600 --> 00:21:35,359 Speaker 1: Chris Wallace, who's got a reputation to just being a 376 00:21:35,400 --> 00:21:39,199 Speaker 1: meticulous preparer. And they're gonna talk about the coronavirus, the 377 00:21:39,240 --> 00:21:42,520 Speaker 1: economy and whatnot, and and it's different this year. This 378 00:21:42,600 --> 00:21:44,840 Speaker 1: is the first debate I've covered where things are very different. 379 00:21:44,840 --> 00:21:47,480 Speaker 1: There's no spin room. We're on risers outside of the 380 00:21:47,480 --> 00:21:52,000 Speaker 1: clinic outdoors, and the campaigns are sending folks our way 381 00:21:52,040 --> 00:21:54,240 Speaker 1: to for for us to pick pick their brains. We 382 00:21:54,240 --> 00:21:56,600 Speaker 1: have every angle covered for this hour. We're gonna check 383 00:21:56,600 --> 00:21:59,680 Speaker 1: in with the Trump reelection campaign with Kimberly Gilfoyle and 384 00:22:00,480 --> 00:22:04,160 Speaker 1: I spoke earlier this afternoon with someone who comes from 385 00:22:04,160 --> 00:22:07,480 Speaker 1: a part of the country. The president Trump carried in 386 00:22:07,560 --> 00:22:13,159 Speaker 1: two thousand sixteen, Southwestern Pennsylvania populism. He had that streak 387 00:22:13,200 --> 00:22:16,720 Speaker 1: of populism and the conservative movement combined it and was 388 00:22:16,760 --> 00:22:19,720 Speaker 1: able to carry the state first time a Republican has 389 00:22:19,840 --> 00:22:28,520 Speaker 1: won Pennsylvania since night now, Joe Biden's headquartered there in Philadelphia. 390 00:22:28,800 --> 00:22:31,720 Speaker 1: A new ABC News Washington Post poll came out earlier 391 00:22:31,800 --> 00:22:36,480 Speaker 1: today has Biden ahead in Pennsylvania by ten percentage points. 392 00:22:37,080 --> 00:22:39,439 Speaker 1: So I caught up a congress mcconnor lamp. He's a 393 00:22:39,480 --> 00:22:46,080 Speaker 1: Democrat from the Pittsburgh area of of of Pennsylvania, and 394 00:22:46,119 --> 00:22:49,000 Speaker 1: I asked him, well, roll the tape, take a listen 395 00:22:49,040 --> 00:22:51,439 Speaker 1: to what he told me. You know, the pundits are 396 00:22:51,480 --> 00:22:54,400 Speaker 1: saying there's a diminishing a swing vote, but you come 397 00:22:54,400 --> 00:22:56,680 Speaker 1: from a district where you know a thing or two 398 00:22:56,760 --> 00:22:59,280 Speaker 1: about this wing vote, because you flipped it from a 399 00:22:59,320 --> 00:23:02,920 Speaker 1: Trump district to a Democrat district. What did you do 400 00:23:03,080 --> 00:23:05,760 Speaker 1: that Joe Biden needs to do to turn Pennsylvania back 401 00:23:05,800 --> 00:23:09,040 Speaker 1: to the Democrats. I stayed focused on people's paychecks and 402 00:23:09,080 --> 00:23:11,640 Speaker 1: on their pensions um and in western Pennsylvania that means 403 00:23:11,680 --> 00:23:14,119 Speaker 1: a lot. And that's pretty much what Vice President Biden 404 00:23:14,160 --> 00:23:16,199 Speaker 1: has done all along. So I don't think there are 405 00:23:16,200 --> 00:23:18,040 Speaker 1: a whole lot of swing voters left now because he's 406 00:23:18,040 --> 00:23:20,080 Speaker 1: already picked up most of them before election day. Well. 407 00:23:20,080 --> 00:23:23,159 Speaker 1: On the issue of energy policy, especially as it relates 408 00:23:23,160 --> 00:23:26,879 Speaker 1: to fracking and other energy proposals, that Joe Biden has 409 00:23:26,880 --> 00:23:29,600 Speaker 1: come under fire from Republicans who are saying that he 410 00:23:29,640 --> 00:23:33,040 Speaker 1: would be beholden to Democratic socialists, to forces on the 411 00:23:33,080 --> 00:23:36,159 Speaker 1: far left that would negatively impact some of the folks 412 00:23:36,520 --> 00:23:40,199 Speaker 1: in your district. Can you how does he alleviate some 413 00:23:40,240 --> 00:23:42,560 Speaker 1: of their concerns. He's already done it. He came to 414 00:23:42,600 --> 00:23:45,000 Speaker 1: Pittsburgh and said in no uncertain terms that he would 415 00:23:45,040 --> 00:23:47,600 Speaker 1: not ban fracking, and then he stopped and said, let 416 00:23:47,600 --> 00:23:50,879 Speaker 1: me repeat that a second time. I will not ban fracking. Um. 417 00:23:50,920 --> 00:23:52,639 Speaker 1: So this has been a test of kind of the 418 00:23:52,640 --> 00:23:55,040 Speaker 1: Trump style of politics and just say whatever you want, 419 00:23:55,359 --> 00:23:57,400 Speaker 1: whether it's true or not. But the problem is that's 420 00:23:57,600 --> 00:24:00,240 Speaker 1: not how people in Western Pennsylvania lives their lives. People 421 00:24:00,280 --> 00:24:03,360 Speaker 1: care about telling the truth. Um. They understand who Joe 422 00:24:03,359 --> 00:24:04,679 Speaker 1: Biden is and where he comes from, and then he 423 00:24:04,680 --> 00:24:07,359 Speaker 1: cares about their jobs. And so we're getting that out there, 424 00:24:07,359 --> 00:24:08,800 Speaker 1: and I think you'll hear more about that tonight. I 425 00:24:08,840 --> 00:24:11,320 Speaker 1: want to dive into a policy issue as it relates 426 00:24:11,320 --> 00:24:14,040 Speaker 1: to trade, because trade policy has really been at the 427 00:24:14,080 --> 00:24:18,160 Speaker 1: forefront uh of so many of these of these economic issues. 428 00:24:18,160 --> 00:24:22,280 Speaker 1: There's this frustration amongst working class Americans with NAPTA and whatnot. 429 00:24:22,560 --> 00:24:25,320 Speaker 1: But if you go uh to and dive into how 430 00:24:25,359 --> 00:24:27,880 Speaker 1: the president has handled US China trade deals or even 431 00:24:27,880 --> 00:24:29,760 Speaker 1: with Europe or U S m c A, what do 432 00:24:29,840 --> 00:24:33,240 Speaker 1: you hear from constituents from small business owners in your 433 00:24:33,280 --> 00:24:36,800 Speaker 1: district about how the president's trade policies have impacted uh 434 00:24:36,840 --> 00:24:39,119 Speaker 1: their bottom lines? Yeah, there's a mix. I mean to 435 00:24:39,160 --> 00:24:42,240 Speaker 1: be honest, Um, the steel industry has cared a lot 436 00:24:42,400 --> 00:24:47,479 Speaker 1: about these issues, and some of President Trump's intentions were 437 00:24:47,680 --> 00:24:50,199 Speaker 1: in line with the Western Mensylvania steel industry, meaning that 438 00:24:50,280 --> 00:24:52,920 Speaker 1: China really has been dumping steel for a very long time, 439 00:24:53,400 --> 00:24:55,520 Speaker 1: and you know they we need to push back on them. 440 00:24:55,760 --> 00:24:58,560 Speaker 1: The problem was he never actually did that. So you 441 00:24:58,600 --> 00:25:00,760 Speaker 1: need to unite the rest of the war world along 442 00:25:00,800 --> 00:25:03,200 Speaker 1: with the United States against China for their steel dumping, 443 00:25:03,400 --> 00:25:05,359 Speaker 1: and he didn't do that. He was putting tariffs on Canada. 444 00:25:05,520 --> 00:25:07,679 Speaker 1: I mean, we the United steel Workers have members in 445 00:25:07,680 --> 00:25:09,920 Speaker 1: the United States and Canada. A lot of these companies 446 00:25:09,920 --> 00:25:12,600 Speaker 1: have operations in both places. So, like a lot of things, 447 00:25:12,640 --> 00:25:14,560 Speaker 1: there was a lot of sound and fury that didn't 448 00:25:14,640 --> 00:25:16,919 Speaker 1: end up doing what it was intended. But Vice President 449 00:25:16,920 --> 00:25:19,879 Speaker 1: Boden has smartly stepped in and said we can continue 450 00:25:19,920 --> 00:25:22,200 Speaker 1: this tariff policy. It's not like everything that Trump ever 451 00:25:22,240 --> 00:25:24,080 Speaker 1: did was bad, but we're going to do it in 452 00:25:24,080 --> 00:25:26,680 Speaker 1: a way that actually benefits Western Mentalvania socialears of fiscal 453 00:25:26,680 --> 00:25:29,640 Speaker 1: stimulus talks? Are you frustrated that this just hasn't been 454 00:25:30,359 --> 00:25:32,720 Speaker 1: There hasn't been a bipartisan deal in order. I mean, 455 00:25:32,720 --> 00:25:34,560 Speaker 1: it doesn't make sense to a lot of people outside 456 00:25:34,560 --> 00:25:36,919 Speaker 1: of Washington that there that all of this in action 457 00:25:36,960 --> 00:25:40,560 Speaker 1: has gone on, and meanwhile people are really feeling the 458 00:25:40,600 --> 00:25:44,080 Speaker 1: negative impacts of Washington's in action. Yeah, it doesn't make 459 00:25:44,200 --> 00:25:46,240 Speaker 1: sense to a lot of people in Washington either, including 460 00:25:46,280 --> 00:25:48,760 Speaker 1: me um, and there is no excuse for it. People 461 00:25:48,800 --> 00:25:51,399 Speaker 1: need to know that. I think that you know, the 462 00:25:51,440 --> 00:25:54,800 Speaker 1: Speaker and the Treasury Secretary continue to negotiate as we speak. 463 00:25:55,000 --> 00:25:56,679 Speaker 1: I will say that you know, the House where I 464 00:25:56,720 --> 00:25:59,760 Speaker 1: served has now passed multiple bills and this week we 465 00:25:59,800 --> 00:26:03,200 Speaker 1: will pass another one providing options saying we are willing 466 00:26:03,200 --> 00:26:07,280 Speaker 1: to negotiate, but you have to include support for some 467 00:26:07,320 --> 00:26:08,919 Speaker 1: of the people that are hurting the most, people who 468 00:26:08,920 --> 00:26:12,120 Speaker 1: are unemployed, schools, you know, the airline industry. You can't 469 00:26:12,160 --> 00:26:15,159 Speaker 1: just pick out like small businesses only, which we also support, 470 00:26:15,240 --> 00:26:17,959 Speaker 1: but our whole society needs help. Uh. And you're not 471 00:26:18,040 --> 00:26:20,159 Speaker 1: seeing that same thing in the Senate. You know, I 472 00:26:20,160 --> 00:26:22,600 Speaker 1: think people would understand if it was our bills were 473 00:26:22,640 --> 00:26:25,200 Speaker 1: unreasonable and they were voting them down. They're not even voting, 474 00:26:25,240 --> 00:26:28,120 Speaker 1: They're not doing anything. They're so divided among themselves that 475 00:26:28,160 --> 00:26:30,080 Speaker 1: you can't even hold a negotiation with them. And that's 476 00:26:30,119 --> 00:26:32,399 Speaker 1: what I think is so frustrating politics. Aside from a 477 00:26:32,400 --> 00:26:34,800 Speaker 1: practical matter, is this the last chance? Is this bill 478 00:26:34,840 --> 00:26:37,240 Speaker 1: that you guys are voting on in the coming days? 479 00:26:37,560 --> 00:26:39,840 Speaker 1: Is this two point four trillion dollar packages? This the 480 00:26:39,920 --> 00:26:43,280 Speaker 1: last chance before between now and November three? And if 481 00:26:43,280 --> 00:26:46,879 Speaker 1: it is, this, December eleven, from a calendar standpoint, become 482 00:26:46,920 --> 00:26:50,119 Speaker 1: the next potential vehicle or cliff where there could be 483 00:26:50,160 --> 00:26:53,080 Speaker 1: more fiscal stimulus relief. I can't really speak for the 484 00:26:53,119 --> 00:26:55,240 Speaker 1: Senate in the White House, but I can say the 485 00:26:55,280 --> 00:26:58,520 Speaker 1: House where I served, um many of us, mostly new 486 00:26:58,560 --> 00:27:01,400 Speaker 1: members who came in to have told our own leadership 487 00:27:01,480 --> 00:27:04,159 Speaker 1: time and again, we will show up to vote on 488 00:27:04,200 --> 00:27:08,280 Speaker 1: a COVID package anytime, any day before the election, at 489 00:27:08,320 --> 00:27:10,959 Speaker 1: the election, after the election. It is that urgent and 490 00:27:10,960 --> 00:27:12,760 Speaker 1: that's what we're hearing from our constituents, and that's not 491 00:27:12,800 --> 00:27:14,560 Speaker 1: gonna go away. So I think on the House side, 492 00:27:14,840 --> 00:27:16,680 Speaker 1: you'll see we are ready to deal and ready to 493 00:27:16,680 --> 00:27:20,280 Speaker 1: finish the deal whenever we can. That was my interview 494 00:27:20,359 --> 00:27:24,320 Speaker 1: from earlier this afternoon with Congressman Connor Lamb. He's a 495 00:27:24,359 --> 00:27:27,879 Speaker 1: Democrat from Pennsylvania. He's up for re election against the 496 00:27:27,920 --> 00:27:32,439 Speaker 1: Republican challenger backed by President Trump, Sean Parnell. It's going 497 00:27:32,480 --> 00:27:38,119 Speaker 1: to be a very fascinating, fascinating race in southwestern Pennsylvania. Uh. 498 00:27:38,400 --> 00:27:40,240 Speaker 1: Then here we are, just a couple of hours away 499 00:27:40,240 --> 00:27:42,520 Speaker 1: from the first presidential debate. My panel with me tonight 500 00:27:42,560 --> 00:27:45,080 Speaker 1: for the hour. Mcworm and vice president of Targeted Victory, 501 00:27:45,080 --> 00:27:49,480 Speaker 1: former NRCC communications director and Brandon Neil, Democrats strategists who 502 00:27:49,480 --> 00:27:52,879 Speaker 1: previously worked in the Obama administration, former political director for 503 00:27:52,920 --> 00:27:56,280 Speaker 1: the d n C in two thousand and sixteen. Matt, 504 00:27:56,800 --> 00:27:58,959 Speaker 1: just since we heard from from the Democrat there, from 505 00:27:59,000 --> 00:28:01,080 Speaker 1: Connor Lamb, you know, what do you make of of 506 00:28:01,119 --> 00:28:03,639 Speaker 1: what a centrist like Connor Lamb had to say, especially 507 00:28:04,160 --> 00:28:08,040 Speaker 1: as we head into the first debate now just hours away, well, 508 00:28:08,080 --> 00:28:09,960 Speaker 1: well thanks for having me Kevin. First of all, you know, 509 00:28:10,080 --> 00:28:12,760 Speaker 1: he's a publical animal. You know he you were right, 510 00:28:12,800 --> 00:28:16,600 Speaker 1: he flipped the district that was heavily union um and 511 00:28:16,640 --> 00:28:20,760 Speaker 1: again Trump won it in sixteen. It was represented by 512 00:28:20,760 --> 00:28:24,520 Speaker 1: a Republican for a while. And look that fracking issue, 513 00:28:24,640 --> 00:28:26,760 Speaker 1: there's a reason Connor Lamb brought it up and just 514 00:28:26,840 --> 00:28:29,440 Speaker 1: trying to clarify it because um, Biden has been a 515 00:28:29,480 --> 00:28:33,200 Speaker 1: little bit place on tracking and for him, uh to 516 00:28:33,280 --> 00:28:36,119 Speaker 1: be able to succeed and get the type of margins 517 00:28:36,200 --> 00:28:39,080 Speaker 1: he needs in places like that to be able to 518 00:28:39,120 --> 00:28:42,280 Speaker 1: win Pennsylvania, he needs to camp that down very quickly. 519 00:28:42,320 --> 00:28:45,320 Speaker 1: You know. Obviously both Trump and Biden have pretty strong 520 00:28:45,520 --> 00:28:48,760 Speaker 1: union ties. Are candidate in the special election there. When 521 00:28:48,800 --> 00:28:51,040 Speaker 1: I was over at the NRC did not have good 522 00:28:51,400 --> 00:28:54,360 Speaker 1: union ties. But that is something that he needs to 523 00:28:54,400 --> 00:28:56,240 Speaker 1: work on. Well, I know a thing or two about 524 00:28:56,240 --> 00:28:58,600 Speaker 1: the energy and in Pennsylvania that's how I grew up. 525 00:28:58,920 --> 00:29:00,720 Speaker 1: You know, my sister works that are of finery and 526 00:29:00,920 --> 00:29:04,720 Speaker 1: uh my my dad. You know, so that is a 527 00:29:04,840 --> 00:29:09,280 Speaker 1: huge issue, huge issue in a battleground state like uh, 528 00:29:09,680 --> 00:29:11,920 Speaker 1: like Pennsylvania. All right, coming up, we died much more 529 00:29:11,920 --> 00:29:13,440 Speaker 1: into the policy of the politics. What happened in the 530 00:29:13,440 --> 00:29:16,680 Speaker 1: market today at fiscal stimulus? Are they finally gonna get 531 00:29:16,680 --> 00:29:20,080 Speaker 1: a deal on fiscal stimulus? Download the Bloomberg's on podcasts 532 00:29:20,080 --> 00:29:21,840 Speaker 1: on Apple it Tunes at Bloomberg dot com. We're by 533 00:29:21,840 --> 00:29:24,080 Speaker 1: downloading the Bloomberg Business app. You can also find me 534 00:29:24,120 --> 00:29:27,440 Speaker 1: on radio dot com, I Heart Radio and Spotify. Kevin surreally, 535 00:29:27,520 --> 00:29:29,760 Speaker 1: Tom Keene has me googling the Doobie Brothers. I don't 536 00:29:29,760 --> 00:29:40,680 Speaker 1: even know who they are. You're listening to Bloomberg. You're 537 00:29:40,720 --> 00:29:44,600 Speaker 1: listening to Bloomberg Sound On with Kevin sirelate on Bloomberg 538 00:29:45,680 --> 00:29:48,000 Speaker 1: and one All five point seven a m h D. Two. 539 00:29:48,320 --> 00:29:51,120 Speaker 1: I'm Kevin Sereli. I'm the chief Washington correspondent fro Bloomberg 540 00:29:51,160 --> 00:29:55,160 Speaker 1: Television and from Bloomberg Radio, and I'm sitting outside of 541 00:29:55,200 --> 00:29:58,840 Speaker 1: the Cleveland Clinic. Or just a couple of hours, President 542 00:29:58,960 --> 00:30:03,400 Speaker 1: Trump and Joe Biden go head to head in the 543 00:30:03,480 --> 00:30:09,760 Speaker 1: first presidential debate. Ninety minutes, folks, I mean minutes, not 544 00:30:09,880 --> 00:30:11,920 Speaker 1: no whatever, I mean. It's gonna be remarkable just to 545 00:30:12,000 --> 00:30:17,680 Speaker 1: watch watch these two political forces forces go ahead to 546 00:30:17,720 --> 00:30:19,560 Speaker 1: have They've been trading jobs all day. It was hard 547 00:30:19,560 --> 00:30:22,000 Speaker 1: to keep up with it. I mean they're talking about earpieces. 548 00:30:22,640 --> 00:30:24,240 Speaker 1: You know, made me think of the Bush. Remember the 549 00:30:24,680 --> 00:30:27,760 Speaker 1: George W. Bush scandal, not scandal lack of a better word, 550 00:30:27,960 --> 00:30:30,040 Speaker 1: but with the with the hunch in his back and 551 00:30:30,080 --> 00:30:31,800 Speaker 1: whether or not it was a microph remember all that 552 00:30:31,880 --> 00:30:35,959 Speaker 1: it was taking me back and um, you know, trading 553 00:30:36,080 --> 00:30:38,880 Speaker 1: jobs on drug test the President wanted a drug test. 554 00:30:39,200 --> 00:30:41,600 Speaker 1: I couldn't even follow at all. But we're gonna stick 555 00:30:41,640 --> 00:30:45,160 Speaker 1: to the policy. We're gonna stick to really what we're 556 00:30:45,160 --> 00:30:47,320 Speaker 1: gonna try to cut through the noise. And that's why 557 00:30:47,360 --> 00:30:50,920 Speaker 1: I'm so grateful, filled with gratitude to have our panel 558 00:30:50,960 --> 00:30:53,480 Speaker 1: with me for the hour. MATC. Gorman and of course 559 00:30:53,520 --> 00:30:57,040 Speaker 1: Brandon Neil, Democratic strategist. Uh and he's also the former 560 00:30:57,280 --> 00:31:01,120 Speaker 1: deputy chief of staff and political advisor to Congresswoman Karen 561 00:31:01,200 --> 00:31:04,240 Speaker 1: Bass And he was a senior advisor to Pee Boodhi 562 00:31:04,320 --> 00:31:09,480 Speaker 1: Judges presidential campaign. You know, Brandon, I think a cb 563 00:31:09,640 --> 00:31:12,320 Speaker 1: Amy Coney Barrett is really going to be an issue 564 00:31:12,320 --> 00:31:15,760 Speaker 1: that emerges the timeline Democrats want to push it back 565 00:31:15,840 --> 00:31:19,040 Speaker 1: until the next administration whomever that is, after the election, 566 00:31:19,720 --> 00:31:22,440 Speaker 1: in order for the confirmation to the Supreme Court. But 567 00:31:22,480 --> 00:31:26,320 Speaker 1: then you've got these substantial policy issues, especially on healthcare, 568 00:31:26,400 --> 00:31:29,200 Speaker 1: right because you're dust off your Constitution, and you're reminded 569 00:31:29,560 --> 00:31:33,120 Speaker 1: that for the November tenth case on the Affordable Care 570 00:31:33,120 --> 00:31:36,680 Speaker 1: Act Obamacare, the Obamacare case November ten, if the just 571 00:31:37,080 --> 00:31:39,680 Speaker 1: that the judges confirmed to the Supreme Court, they can 572 00:31:39,800 --> 00:31:43,160 Speaker 1: he or she in this case, she can participate in 573 00:31:43,400 --> 00:31:47,000 Speaker 1: that case. That's only a week after the November three elections. 574 00:31:47,000 --> 00:31:50,000 Speaker 1: We might not even have a result, and this Obamacare 575 00:31:50,040 --> 00:31:52,320 Speaker 1: case is going to be started. So it's really crucial 576 00:31:52,360 --> 00:31:58,240 Speaker 1: healthcare front and center tonight at this debate. Brandon Neil absolutely. 577 00:31:58,320 --> 00:32:00,480 Speaker 1: First of all, thanks Kevin for having me on. Yeah, 578 00:32:00,600 --> 00:32:03,400 Speaker 1: healthcare will be at the front and center of this debate. 579 00:32:03,440 --> 00:32:06,840 Speaker 1: Of course, talking about UH nominee Amy and Comy Barrett. 580 00:32:07,000 --> 00:32:09,480 Speaker 1: But you know, think about today. Today is the day 581 00:32:09,680 --> 00:32:14,240 Speaker 1: that we actually laid to rest uh Justice uh bed 582 00:32:14,320 --> 00:32:17,080 Speaker 1: against Burg today and it hasn't even been a full week, 583 00:32:17,120 --> 00:32:19,240 Speaker 1: you know, in terms of this paying respect and giving 584 00:32:19,240 --> 00:32:21,520 Speaker 1: her the time and her family a time to the 585 00:32:21,600 --> 00:32:24,000 Speaker 1: hell and just to give them some empathy in terms 586 00:32:24,000 --> 00:32:26,120 Speaker 1: of what they're going through. And so we have already 587 00:32:26,200 --> 00:32:29,640 Speaker 1: jumped now into putting forth this nominee UH for the 588 00:32:29,720 --> 00:32:32,719 Speaker 1: Supreme Court and talking about issues. We talk about issues 589 00:32:32,800 --> 00:32:35,160 Speaker 1: with with with Amy Comy bearer, but talk about issues 590 00:32:35,240 --> 00:32:37,640 Speaker 1: or one's right to choose. We talk about issues with 591 00:32:37,680 --> 00:32:41,880 Speaker 1: a hundred and thirty million Americans losing their insurance with healthcare. 592 00:32:42,120 --> 00:32:44,640 Speaker 1: You know, you're talking about rolling by issues that was 593 00:32:44,680 --> 00:32:47,640 Speaker 1: set America back for generation to come. So this is 594 00:32:47,760 --> 00:32:50,040 Speaker 1: very important and I do think it's very important to 595 00:32:50,040 --> 00:32:52,680 Speaker 1: to wait. You know, why why why rush this thing? 596 00:32:52,880 --> 00:32:56,080 Speaker 1: Let's wait until we elect the president and what's the 597 00:32:56,120 --> 00:32:59,960 Speaker 1: next president? Why not honor the honor her wishes Justice Againsburg, 598 00:33:00,040 --> 00:33:02,160 Speaker 1: which is by allowing the next president to decide. Well, 599 00:33:02,160 --> 00:33:05,080 Speaker 1: you talked about the policy. Amy Coney Barrett also a Catholic. 600 00:33:05,120 --> 00:33:09,400 Speaker 1: She's of course a mother of seven uh in seven kids, UM. 601 00:33:09,520 --> 00:33:14,479 Speaker 1: And you know, in battleground states like Michigan, Wisconsin, Arizona, Florida, 602 00:33:14,560 --> 00:33:16,440 Speaker 1: even to some extent, I mean, the Catholic votes such 603 00:33:16,480 --> 00:33:19,400 Speaker 1: an important swing vote in many ways, it's served as 604 00:33:19,400 --> 00:33:24,360 Speaker 1: a bellweather of sorts and predicting the outcome of presidential elections. 605 00:33:24,440 --> 00:33:27,640 Speaker 1: Right now, Biden's leading amongst Catholics by single digits amongst 606 00:33:27,640 --> 00:33:30,560 Speaker 1: President Trump according to recent polls that have been conducted 607 00:33:30,600 --> 00:33:32,920 Speaker 1: in the last week and week and two weeks. But 608 00:33:33,000 --> 00:33:35,680 Speaker 1: if you go back, Catholics have predicted the outcome of 609 00:33:35,720 --> 00:33:38,800 Speaker 1: the presidential election every time since two thousand and four. 610 00:33:39,520 --> 00:33:44,280 Speaker 1: Trump won the Catholic vote back in against Clinton. So, 611 00:33:44,320 --> 00:33:47,120 Speaker 1: I mean, there's this this element of Catholicism that's really 612 00:33:47,160 --> 00:33:52,400 Speaker 1: playing here, especially in the suburbs, and I wonder how 613 00:33:52,440 --> 00:33:57,520 Speaker 1: that plays, especially during the confirmation process when she testifies 614 00:33:57,560 --> 00:34:01,400 Speaker 1: the fourth the Senate Judiciary Committee and um At, which 615 00:34:01,400 --> 00:34:03,080 Speaker 1: are set to begin in the in the next couple 616 00:34:03,080 --> 00:34:05,720 Speaker 1: of days in the week even at Senator Ted Cruz, 617 00:34:05,760 --> 00:34:09,880 Speaker 1: a Republican from Texas, uh As, she has begun having 618 00:34:09,880 --> 00:34:12,640 Speaker 1: these meetings with members in the Senate. He spoke today 619 00:34:12,680 --> 00:34:16,520 Speaker 1: earlier about this confirmation process here, Senator Ted Cruise of Texas, 620 00:34:16,960 --> 00:34:20,040 Speaker 1: I expect that the Senate will confirm so by the 621 00:34:20,120 --> 00:34:23,520 Speaker 1: end of the month. And when the Senate does, we 622 00:34:23,600 --> 00:34:26,520 Speaker 1: will be honoring the promise we made the American people 623 00:34:27,000 --> 00:34:32,120 Speaker 1: to confirm principal constitutionalists to the Spring Court. Mc gorman. 624 00:34:32,200 --> 00:34:36,200 Speaker 1: I mean, the issue of constitutionalists and and textualists and whatnot. 625 00:34:36,280 --> 00:34:37,600 Speaker 1: And you know you don't have to have a law 626 00:34:37,640 --> 00:34:42,440 Speaker 1: degree to know that that Republicans want this pick, and 627 00:34:42,520 --> 00:34:46,560 Speaker 1: they wanted done before the election. No, You're absolutely right. 628 00:34:46,560 --> 00:34:50,480 Speaker 1: And look, I I know I've mentioned before Republicans four 629 00:34:50,600 --> 00:34:53,640 Speaker 1: decades now always drawn a very clear line between electing 630 00:34:53,680 --> 00:34:58,160 Speaker 1: Republican presidents, senators and appointing conservative judges. You know when 631 00:34:58,160 --> 00:35:01,120 Speaker 1: you vote for the senators and president what you're getting 632 00:35:01,120 --> 00:35:03,839 Speaker 1: in terms of judiciaries so many ways. And I want 633 00:35:03,840 --> 00:35:05,400 Speaker 1: to jump in here because I want to tie it 634 00:35:05,480 --> 00:35:08,920 Speaker 1: to the debate tonight because in many ways, not only 635 00:35:09,040 --> 00:35:12,080 Speaker 1: is a CB having to testify before the Senate Judiciary Committee, 636 00:35:12,080 --> 00:35:13,839 Speaker 1: but President Trump is going to be in many ways 637 00:35:13,840 --> 00:35:16,960 Speaker 1: speaking on her behalf and could even add further politicization 638 00:35:17,000 --> 00:35:19,600 Speaker 1: to the entire process and a lot of pressure because 639 00:35:19,600 --> 00:35:24,880 Speaker 1: the way he articulates her views could weigh on the 640 00:35:24,920 --> 00:35:28,440 Speaker 1: Senate Judiciary process. Frame it like that for me, You're 641 00:35:28,440 --> 00:35:30,839 Speaker 1: absolutely right. We've seen this before. If you remember during 642 00:35:30,840 --> 00:35:35,440 Speaker 1: the Gorge exnomination, that was when Trump attacked judge current 643 00:35:35,440 --> 00:35:39,440 Speaker 1: curial right for being member of the cities of Mexican descent. 644 00:35:39,560 --> 00:35:42,359 Speaker 1: That might affected him in the immigration case. Gorzich had 645 00:35:42,360 --> 00:35:44,400 Speaker 1: to come out because he was getting asked by Democratic 646 00:35:44,440 --> 00:35:49,920 Speaker 1: senators about it, and he, you know, chastised Trump very gently, 647 00:35:50,000 --> 00:35:52,279 Speaker 1: and Trump hit the roof and almost pulled the nomination. 648 00:35:52,719 --> 00:35:55,759 Speaker 1: You know, So you're absolutely right what he says can 649 00:35:55,800 --> 00:35:58,680 Speaker 1: box the Namy Coney Barrett to an extent. You see, 650 00:35:58,719 --> 00:36:02,399 Speaker 1: he already tweeted about Obamacare possibly getting overturned screen court. 651 00:36:02,640 --> 00:36:06,240 Speaker 1: These tech sorts of things don't help UM any nominee, 652 00:36:06,280 --> 00:36:09,800 Speaker 1: let alone, you know, someone who is in a rapid process. 653 00:36:09,800 --> 00:36:12,560 Speaker 1: There is no margin for error when when it comes 654 00:36:12,600 --> 00:36:16,040 Speaker 1: to between that election day and getting are confirmed. And uh, 655 00:36:16,239 --> 00:36:18,359 Speaker 1: Brandon Neil, I mean, what will Joe Biden say tonight 656 00:36:18,440 --> 00:36:21,800 Speaker 1: and how will how will the Supreme Court process play tonight? 657 00:36:21,840 --> 00:36:24,280 Speaker 1: I mean will he Because if Joe Biden wins the presidency, 658 00:36:24,320 --> 00:36:26,719 Speaker 1: he's only the second Catholics to ever be president, uh, 659 00:36:27,040 --> 00:36:31,040 Speaker 1: the first being of course JFK. So you know, how 660 00:36:31,120 --> 00:36:33,600 Speaker 1: is he going to to to walk down political type 661 00:36:33,680 --> 00:36:39,000 Speaker 1: rope for moderates and suburbs suburban Catholics. Yeah, so I 662 00:36:39,040 --> 00:36:41,040 Speaker 1: think what Joe Biden will do tonight was do what 663 00:36:41,120 --> 00:36:43,600 Speaker 1: Joe Biden does best and be himself and talk to 664 00:36:43,640 --> 00:36:46,200 Speaker 1: the American people. I think when you talk about issues 665 00:36:46,239 --> 00:36:49,040 Speaker 1: and hands that are respective to the working class, I 666 00:36:49,040 --> 00:36:51,839 Speaker 1: think that's an opportunity for him to talk directly to them, 667 00:36:51,880 --> 00:36:54,479 Speaker 1: and I think that that will resonate. And again talking 668 00:36:54,520 --> 00:36:58,160 Speaker 1: about issues, well, women's right to choose again, talking about 669 00:36:58,800 --> 00:37:03,239 Speaker 1: issues that America back for generations, healthcare, thanks like marriage, equality, 670 00:37:03,320 --> 00:37:05,520 Speaker 1: climate change, all the above. I think that's what he 671 00:37:05,600 --> 00:37:07,839 Speaker 1: was public sawing. And also I think you'll also bring 672 00:37:07,960 --> 00:37:11,040 Speaker 1: up the facts that when Mary Garland was not mended 673 00:37:11,080 --> 00:37:15,360 Speaker 1: by President Obama. This was done back in February, thirty 674 00:37:15,400 --> 00:37:17,680 Speaker 1: days before the election. All Right, we gotta leave it 675 00:37:17,800 --> 00:37:20,880 Speaker 1: right there. Panel is gonna stick around. Er Kimberly Gilfoyle 676 00:37:21,000 --> 00:37:23,640 Speaker 1: is up next. I'm Kevin cereally, chief Washington corresponder for 677 00:37:23,680 --> 00:37:26,800 Speaker 1: Bloomberg Television and for Bloomberg Radio. And you're listening to Bloomberg. 678 00:37:40,800 --> 00:37:44,279 Speaker 1: You're listening to Bloomberg Sound On with Kevin Surreley on 679 00:37:44,400 --> 00:37:47,840 Speaker 1: Bloomberg and one oh five point seven f m h 680 00:37:48,000 --> 00:37:52,120 Speaker 1: D two. Kevin Cereally, chief Washington correspondent for Bloomberg Television 681 00:37:52,160 --> 00:37:55,240 Speaker 1: in fro Bloomberg Radio. I'm here in Cleveland, Cleveland, Ohio 682 00:37:55,440 --> 00:37:59,200 Speaker 1: for the case Western Reserve University in Cleveland clinic first 683 00:37:59,239 --> 00:38:05,640 Speaker 1: presidential debate, Joe Biden, President trumpet minutes, Chris Wallace, He's 684 00:38:05,640 --> 00:38:08,600 Speaker 1: gonna be uh moderating. So we checked in with Connor Lamb. 685 00:38:08,640 --> 00:38:11,840 Speaker 1: Now we're gonna check in with the Trump reelection campaign. 686 00:38:11,840 --> 00:38:13,960 Speaker 1: We're thrilled to have on the program. Welcome back to 687 00:38:14,000 --> 00:38:17,000 Speaker 1: the program, Kimberly Gilfoyle. She's the national finance chair to 688 00:38:17,120 --> 00:38:20,400 Speaker 1: Trump Victory Fund and a senior advisor to the KIMPID. 689 00:38:20,480 --> 00:38:22,080 Speaker 1: All right, Kimberly, we were talking to the break just 690 00:38:22,080 --> 00:38:24,200 Speaker 1: about how different this cycle is, but it's still a 691 00:38:24,280 --> 00:38:26,000 Speaker 1: debate night. I mean, this is what you live for, 692 00:38:26,120 --> 00:38:28,240 Speaker 1: is a political junky. What are you gonna be watching 693 00:38:28,280 --> 00:38:31,800 Speaker 1: for tonight? For the first debate? Absolutely, it's so interesting 694 00:38:31,800 --> 00:38:34,600 Speaker 1: when you compare just the juxtaposition from two thousand and 695 00:38:34,680 --> 00:38:37,040 Speaker 1: sixteen to now, you know, and then of course I 696 00:38:37,120 --> 00:38:39,600 Speaker 1: was actually covering it and hosting a show from there, 697 00:38:39,680 --> 00:38:42,080 Speaker 1: and now I'm going to have essentially a front row 698 00:38:42,160 --> 00:38:44,680 Speaker 1: seat to American political history. I'm looking for the first 699 00:38:44,719 --> 00:38:47,279 Speaker 1: fifteen minutes to tell the tale of how this is 700 00:38:47,320 --> 00:38:49,480 Speaker 1: going to go, to see who comes out strong at 701 00:38:49,480 --> 00:38:51,560 Speaker 1: the top. I think the President is going to be 702 00:38:51,920 --> 00:38:54,640 Speaker 1: very strong. Is in a great mood today, looks good, 703 00:38:54,760 --> 00:38:57,880 Speaker 1: feels good, sounds fantastic. So I think he's ready for this. 704 00:38:58,040 --> 00:39:01,920 Speaker 1: He lives for this type of action and energy and excitement. 705 00:39:02,080 --> 00:39:04,520 Speaker 1: Don't expect him to hold back at all. And compare 706 00:39:04,640 --> 00:39:07,040 Speaker 1: this now again to last time. He actually has a 707 00:39:07,040 --> 00:39:09,960 Speaker 1: bunch of accomplishments that he's made. So before he was 708 00:39:10,000 --> 00:39:13,000 Speaker 1: pitching a case to the American people, and now he's delivered. 709 00:39:13,040 --> 00:39:15,640 Speaker 1: So I think he has a strong record to run on. 710 00:39:15,680 --> 00:39:18,360 Speaker 1: So I think that puts him right away on offense. 711 00:39:18,480 --> 00:39:20,200 Speaker 1: And I feel like the debates already started with the 712 00:39:20,280 --> 00:39:22,239 Speaker 1: jabs going on. Before you know, they're talking about the 713 00:39:22,280 --> 00:39:24,359 Speaker 1: year pieces, the drug tests. I mean, we're staying out 714 00:39:24,360 --> 00:39:26,840 Speaker 1: of that, right, We're going to focus. It's a debate 715 00:39:26,880 --> 00:39:30,160 Speaker 1: and prize by a UFC cage match, all of the above. 716 00:39:30,239 --> 00:39:36,359 Speaker 1: Stay tuned. All of us areained. We're super entertained because 717 00:39:36,360 --> 00:39:38,640 Speaker 1: we've been hanging on since the excitement of the last 718 00:39:38,680 --> 00:39:41,640 Speaker 1: time when you saw President Trump then Candidate Trump go 719 00:39:41,760 --> 00:39:44,040 Speaker 1: up against Hillary Clinton. But you know, keep in mind, 720 00:39:44,080 --> 00:39:47,239 Speaker 1: you know Joe Biden has had you know, decades of 721 00:39:47,280 --> 00:39:50,360 Speaker 1: experience doing debates. So there are plenty of people that 722 00:39:50,400 --> 00:39:52,080 Speaker 1: think that he's going to be able to put a 723 00:39:52,120 --> 00:39:54,759 Speaker 1: strong showing up tonight. But I think President Trump has 724 00:39:54,800 --> 00:39:57,959 Speaker 1: proved himself. Although to be new at the political game, 725 00:39:58,000 --> 00:39:59,880 Speaker 1: he was quite adept at it last time. And I 726 00:40:00,000 --> 00:40:02,959 Speaker 1: think again he's really looking forward to hitting back and 727 00:40:03,239 --> 00:40:05,760 Speaker 1: going after Joe because he's got a lot of material 728 00:40:05,760 --> 00:40:07,800 Speaker 1: to work with. You've criss crossed the country in the 729 00:40:07,800 --> 00:40:11,280 Speaker 1: past couple of days, You're you're travel itinerary is dizzying 730 00:40:11,360 --> 00:40:14,680 Speaker 1: justin in the next couple of weeks. Really, But when 731 00:40:14,719 --> 00:40:16,880 Speaker 1: I I don't pay attention to the national polls, I 732 00:40:16,880 --> 00:40:19,200 Speaker 1: do pay attention to the cross tabs as well as 733 00:40:19,520 --> 00:40:21,960 Speaker 1: to the battleground polls. There's an ABC News poll out 734 00:40:21,960 --> 00:40:24,879 Speaker 1: today that has in doubt tap points in Pennsylvania. It's 735 00:40:24,920 --> 00:40:27,080 Speaker 1: neck and neck in Florida, dec and neck in Arizona. 736 00:40:27,719 --> 00:40:30,239 Speaker 1: What are you what are you looking at in the 737 00:40:30,280 --> 00:40:33,400 Speaker 1: cross tabs, because the one area where he's been above 738 00:40:33,680 --> 00:40:36,480 Speaker 1: is not in the handling of the coronavirus. He's dipped there. 739 00:40:36,880 --> 00:40:39,080 Speaker 1: But on the economy, you're absolutely right, and we know 740 00:40:39,160 --> 00:40:41,799 Speaker 1: when you have strong economic numbers and favorables in that 741 00:40:41,880 --> 00:40:45,440 Speaker 1: regard that bodes well for re election, especially for an incumbent. 742 00:40:45,640 --> 00:40:48,560 Speaker 1: He was already in such a strong position prior to 743 00:40:48,600 --> 00:40:50,719 Speaker 1: the coronavirus. But he's already been able to make some 744 00:40:50,800 --> 00:40:53,440 Speaker 1: in roads in terms of the great American comeback. And 745 00:40:53,440 --> 00:40:55,319 Speaker 1: I think people want, you know, a steady hand at 746 00:40:55,320 --> 00:40:58,040 Speaker 1: the wheel. He's already proved himself a debt to understand 747 00:40:58,080 --> 00:41:00,719 Speaker 1: the economy as an American businessman. And and it's a 748 00:41:00,840 --> 00:41:02,840 Speaker 1: very risky maneuver if people are going to try to 749 00:41:02,880 --> 00:41:05,240 Speaker 1: turn it over in the middle um to Joe Biden, 750 00:41:05,239 --> 00:41:08,400 Speaker 1: who really doesn't have any experience with you know, the 751 00:41:08,440 --> 00:41:13,840 Speaker 1: economy or actually creating jobs or understanding tax cuts or deregulation. 752 00:41:14,120 --> 00:41:17,760 Speaker 1: President Trump understands, he knows, he's delivered the results already, 753 00:41:17,800 --> 00:41:21,000 Speaker 1: so American people want to trust him for that job. 754 00:41:21,760 --> 00:41:25,200 Speaker 1: Are there any moral decided voters. Yeah, I think there's 755 00:41:25,200 --> 00:41:27,960 Speaker 1: some independence out there, and I think there's some perhaps 756 00:41:27,960 --> 00:41:31,360 Speaker 1: traditional Democrats that field this isn't the Democrat Party of 757 00:41:31,360 --> 00:41:34,640 Speaker 1: their grandfather anymore, that this is something that is radically 758 00:41:34,719 --> 00:41:37,200 Speaker 1: different exactly, and this is something where they look at 759 00:41:37,239 --> 00:41:41,320 Speaker 1: the Biden and uh, you know, Bernie Sanders Unity Plan 760 00:41:41,640 --> 00:41:44,960 Speaker 1: and that platform and it doesn't represent you know, their values. 761 00:41:45,000 --> 00:41:47,680 Speaker 1: They don't want to defund and dismantle the police, they 762 00:41:47,680 --> 00:41:51,200 Speaker 1: don't want schools closed, they don't want borders open. They 763 00:41:51,239 --> 00:41:54,879 Speaker 1: want strong communities, a robust economy, and someone that they 764 00:41:54,880 --> 00:41:59,080 Speaker 1: can count on that understands the national security. Because I 765 00:41:59,080 --> 00:42:01,680 Speaker 1: come from a part of the treat where you're you're 766 00:42:01,719 --> 00:42:03,800 Speaker 1: literally related to people who are going to vote for 767 00:42:03,840 --> 00:42:06,080 Speaker 1: Joe Biden or vote for Donald Trump, and and and 768 00:42:06,520 --> 00:42:10,320 Speaker 1: everybody gets along, you know, Irish Itality, Catholic family outside 769 00:42:10,360 --> 00:42:13,240 Speaker 1: of Irish Puerto Ricans. I get along with both sides 770 00:42:13,239 --> 00:42:16,440 Speaker 1: of myself. Yeah, exactly. But the reason I bring it 771 00:42:16,520 --> 00:42:18,320 Speaker 1: up is because when the pundits are saying, well, to 772 00:42:18,400 --> 00:42:21,080 Speaker 1: turnout election, so you're on the front lines in the 773 00:42:21,120 --> 00:42:23,560 Speaker 1: inner circle. Is this a turnout election or is this 774 00:42:23,680 --> 00:42:26,640 Speaker 1: a fit for the moderates or I think this is 775 00:42:26,640 --> 00:42:28,840 Speaker 1: really gonna come down to as well, just you know, 776 00:42:28,920 --> 00:42:31,439 Speaker 1: getting out the vote, turnout election. And that's why we're 777 00:42:31,440 --> 00:42:36,239 Speaker 1: really feeling good about having over two you know million volunteers, trained, mobilized, 778 00:42:36,280 --> 00:42:38,839 Speaker 1: activated to be able to get out there and turn 779 00:42:38,880 --> 00:42:41,200 Speaker 1: out the vote for President Trump. And as you mentioned, yes, 780 00:42:41,280 --> 00:42:44,359 Speaker 1: some of the polls um, looking like they're tightening, etcetera. 781 00:42:44,520 --> 00:42:47,400 Speaker 1: But you know, we've been in Florida. I see strong support, 782 00:42:47,480 --> 00:42:50,360 Speaker 1: especially in the Latino community for President Trump there. I 783 00:42:50,400 --> 00:42:53,240 Speaker 1: think that could be a game changer and apps Cuban 784 00:42:53,280 --> 00:42:56,239 Speaker 1: Americans two hundred fifty thousand Puerto Ricans like myself that 785 00:42:56,280 --> 00:42:58,480 Speaker 1: are there in Florida. So I expect to do very 786 00:42:58,480 --> 00:43:01,360 Speaker 1: well in Florida. UM. We have spent a tremendous amount 787 00:43:01,400 --> 00:43:04,479 Speaker 1: of time in Pennsylvania. I was just there last week 788 00:43:04,560 --> 00:43:07,280 Speaker 1: and the turnout was incredible for some of the little, 789 00:43:07,520 --> 00:43:10,560 Speaker 1: you know, grassroots movement stuff that we did and people 790 00:43:10,600 --> 00:43:14,080 Speaker 1: turning out for rallies and town halls, and the enthusiasm 791 00:43:14,120 --> 00:43:17,719 Speaker 1: for the president is tremendous. The enthusiasm gap is unbelievable 792 00:43:17,800 --> 00:43:21,279 Speaker 1: compared to you know, the low energy sort of oh well, 793 00:43:21,400 --> 00:43:24,320 Speaker 1: support for Joe Biden and the hey Trump Trump Trump, 794 00:43:24,320 --> 00:43:27,120 Speaker 1: all the way, carporates, boat raids, whatever it is. You see, 795 00:43:27,160 --> 00:43:30,560 Speaker 1: people are out there and getting their voice hurt the show. 796 00:43:30,640 --> 00:43:33,520 Speaker 1: Joe Biden is not gonna endracking in Pennsylvania. Yes, Well, 797 00:43:33,520 --> 00:43:35,960 Speaker 1: here's the problem. It depends on which Joe you're getting. 798 00:43:36,000 --> 00:43:39,120 Speaker 1: Because Joe says that he's not you know, for fracking. 799 00:43:39,600 --> 00:43:42,080 Speaker 1: Uh that he's you know that he's against fracking, but 800 00:43:42,120 --> 00:43:45,000 Speaker 1: if you look, he actually is against fracking. So we 801 00:43:45,040 --> 00:43:48,200 Speaker 1: want someone who is for energy independence that can support 802 00:43:48,280 --> 00:43:50,920 Speaker 1: all of our energy resources in this country, whether it's 803 00:43:50,960 --> 00:43:54,759 Speaker 1: cool gas, renewable energy, oil, all of the above, and 804 00:43:54,840 --> 00:43:57,120 Speaker 1: that person there's one person that stands for all that 805 00:43:57,200 --> 00:44:00,719 Speaker 1: and that is President Trump. So basically Joe Biden is 806 00:44:00,760 --> 00:44:05,279 Speaker 1: bad for Pennsylvania because he is against fracking. Okay, so 807 00:44:05,440 --> 00:44:07,439 Speaker 1: but he changes his position on a whole bunch of things, 808 00:44:07,440 --> 00:44:10,640 Speaker 1: whether it's he's pro life, no, then he's pro choice 809 00:44:10,880 --> 00:44:14,720 Speaker 1: or you know, uh for late term abortion. So people 810 00:44:14,760 --> 00:44:17,879 Speaker 1: really have to take a good look and hopefully President Trump, 811 00:44:17,920 --> 00:44:20,359 Speaker 1: I believe, is gonna put him on the you know, 812 00:44:20,440 --> 00:44:22,840 Speaker 1: on the positioning here tonight on some of the stuff 813 00:44:22,880 --> 00:44:26,040 Speaker 1: to take a stand in the wall sheet crowd, they're 814 00:44:26,040 --> 00:44:28,520 Speaker 1: all talking about taxes that they've actually been more interested 815 00:44:28,560 --> 00:44:30,439 Speaker 1: in the tax issue than New York Times tax issue, 816 00:44:30,480 --> 00:44:33,359 Speaker 1: Biden releasing his taxes earlier today than they have been. 817 00:44:33,360 --> 00:44:38,080 Speaker 1: Abolt the the earpiece stuff. I mean personally, based upon 818 00:44:38,120 --> 00:44:40,240 Speaker 1: my reporting, I think it's gonna fall along the battle 819 00:44:40,239 --> 00:44:42,359 Speaker 1: lines for President Trump is going to say I want 820 00:44:42,360 --> 00:44:45,000 Speaker 1: to lower taxes, and the Biden is gonna say, oh, well, 821 00:44:45,000 --> 00:44:48,239 Speaker 1: Republicans just want to lower taxes for the wealthy. But 822 00:44:48,360 --> 00:44:51,320 Speaker 1: that's not true. I mean President Trump said tax cuts 823 00:44:51,320 --> 00:44:53,799 Speaker 1: and job backs, has actually proved that he understands what 824 00:44:53,880 --> 00:44:56,960 Speaker 1: it takes to stimulate the economy and produce a robust economy. 825 00:44:57,120 --> 00:44:59,839 Speaker 1: He wants to put tax cuts there for all Americans 826 00:45:00,120 --> 00:45:02,239 Speaker 1: to make sure that people are really getting more bang 827 00:45:02,320 --> 00:45:04,760 Speaker 1: for their buck and keeping more money in their pockets 828 00:45:04,760 --> 00:45:07,239 Speaker 1: because they understand better what's to do with their discretionary 829 00:45:07,320 --> 00:45:11,719 Speaker 1: spending than ds spend uh spend a wild Democrats in 830 00:45:11,760 --> 00:45:14,600 Speaker 1: the swamp in d C. So he has respect for 831 00:45:14,640 --> 00:45:17,400 Speaker 1: hard working Americans for the money that they have to 832 00:45:17,440 --> 00:45:19,719 Speaker 1: be able to put food on the table. And Joe 833 00:45:19,760 --> 00:45:22,760 Speaker 1: Biden has just been, you know, a reckless teenager spender 834 00:45:22,800 --> 00:45:25,960 Speaker 1: with the parents paycheck on checkbook on the weekend. And 835 00:45:25,960 --> 00:45:28,840 Speaker 1: we don't need that anymore in this country. I'll the 836 00:45:28,840 --> 00:45:32,279 Speaker 1: issue of the taxes, this tax story, does it get 837 00:45:32,280 --> 00:45:34,200 Speaker 1: a lot of attention? I mean, is this one? What 838 00:45:34,520 --> 00:45:36,720 Speaker 1: do you think? What will the President's response? We've already 839 00:45:36,760 --> 00:45:39,640 Speaker 1: kind of heard it where he's calling it yes again, 840 00:45:39,719 --> 00:45:42,200 Speaker 1: does anyone dispute that the President of United States has 841 00:45:42,200 --> 00:45:45,240 Speaker 1: played millions and millions of dollars and taxes, let it alone, 842 00:45:45,239 --> 00:45:48,200 Speaker 1: payroll taxes across the board. This is something they're trying 843 00:45:48,239 --> 00:45:50,160 Speaker 1: to throw it out there to distract against from the 844 00:45:50,160 --> 00:45:53,600 Speaker 1: President's accomplishments and cover up fifty years of failure from 845 00:45:53,680 --> 00:45:56,799 Speaker 1: Joe Biden. I think the Americans carry about the economy, 846 00:45:56,840 --> 00:46:00,600 Speaker 1: they care about national security, they care about community say safety, 847 00:46:00,640 --> 00:46:04,080 Speaker 1: and they don't want any more of this rioting, burning, looting, 848 00:46:04,160 --> 00:46:06,640 Speaker 1: and anarchy in the streets that you've seen in Democrat 849 00:46:06,680 --> 00:46:08,440 Speaker 1: and blue states. I want to talk about China, but 850 00:46:08,480 --> 00:46:10,280 Speaker 1: I don't I want to do it through the lens 851 00:46:10,560 --> 00:46:14,279 Speaker 1: of a national security, through the lens of China that 852 00:46:14,400 --> 00:46:20,520 Speaker 1: is on offense, militaristically, economically, culturally. Do you how will 853 00:46:20,560 --> 00:46:23,239 Speaker 1: the president draw a contrast not just with the Hunter 854 00:46:23,320 --> 00:46:26,640 Speaker 1: Biden issue, but but truly on those three points against 855 00:46:26,719 --> 00:46:29,279 Speaker 1: Joe Biden tonight. Yeah. I mean, look, the President has 856 00:46:29,560 --> 00:46:32,560 Speaker 1: very strong on China. He's also been very consistent. This 857 00:46:32,640 --> 00:46:35,600 Speaker 1: is something he's been saying about trade and equality for 858 00:46:35,719 --> 00:46:38,279 Speaker 1: quite some time, many years before he was a politician, 859 00:46:38,280 --> 00:46:41,439 Speaker 1: and what he wanted to do was equal to playing field, 860 00:46:41,520 --> 00:46:44,960 Speaker 1: level it out and actually have trade reciprocity. He's been 861 00:46:45,000 --> 00:46:47,879 Speaker 1: able to do that. It is actually resulted in more 862 00:46:47,960 --> 00:46:52,080 Speaker 1: dollars for the American economy the American worker instead of 863 00:46:52,120 --> 00:46:54,560 Speaker 1: exporting the American dream. And what we've seen is the 864 00:46:54,600 --> 00:46:58,040 Speaker 1: Biden family in particular benefiting and having that relationship with 865 00:46:58,120 --> 00:47:01,359 Speaker 1: China because they have been able to benefit from it financially. 866 00:47:01,680 --> 00:47:03,960 Speaker 1: And so this is the president that puts America first, 867 00:47:04,280 --> 00:47:06,719 Speaker 1: not China first, and it's going to make sure that 868 00:47:06,800 --> 00:47:09,000 Speaker 1: we are all so strong as it relates to the 869 00:47:09,080 --> 00:47:13,200 Speaker 1: military and protecting our country and protecting our trade secrets 870 00:47:13,239 --> 00:47:15,920 Speaker 1: and our you know, I p information all of the 871 00:47:15,960 --> 00:47:18,480 Speaker 1: above because we have seen that the president has a 872 00:47:18,560 --> 00:47:22,920 Speaker 1: deep understanding of how US and China relations should be, 873 00:47:23,200 --> 00:47:25,200 Speaker 1: and we need someone who's actually gonna have a strong 874 00:47:25,280 --> 00:47:27,759 Speaker 1: positioning so we're not taking advantage of like we have 875 00:47:27,880 --> 00:47:30,680 Speaker 1: been in so many years past. Say, I mean what 876 00:47:30,760 --> 00:47:33,320 Speaker 1: Shojing pinks center over the weekend at the Communist Party. 877 00:47:33,640 --> 00:47:35,880 Speaker 1: I guess it was a conference with regards to he 878 00:47:36,000 --> 00:47:38,920 Speaker 1: was defending his treatment of the weaker. She's absolutely terrifying. 879 00:47:39,280 --> 00:47:41,960 Speaker 1: Kimberly Gilfoyle, thank you so much for coming back on 880 00:47:42,000 --> 00:47:44,360 Speaker 1: the program, Pleasure to be here with you. You're listening 881 00:47:44,400 --> 00:47:49,000 Speaker 1: to Bloomberg Sound On with Kevin Surley on Bloomberg and 882 00:47:49,040 --> 00:47:51,800 Speaker 1: one oh five point seven MHD two. My name is 883 00:47:51,840 --> 00:47:54,960 Speaker 1: Kevin's the chief Washington correspondent for Bloomberg Television and for 884 00:47:55,000 --> 00:47:57,640 Speaker 1: Bloomberg Radio. And the break, Kimberly Gilfoyle was telling us 885 00:47:57,640 --> 00:48:00,440 Speaker 1: that they did a campaign stop with k Rock. Remember 886 00:48:00,520 --> 00:48:03,840 Speaker 1: Kid Rock? What was that song? You have a Sheryl 887 00:48:03,880 --> 00:48:08,439 Speaker 1: Crow Remember that picture? I remember that song. Um, it's 888 00:48:08,440 --> 00:48:14,239 Speaker 1: time now for my favorite part of the show, which 889 00:48:14,280 --> 00:48:16,040 Speaker 1: it's called what is on Your Radar? But it's got 890 00:48:16,040 --> 00:48:18,080 Speaker 1: a debate centric because we're just a couple of hours 891 00:48:18,120 --> 00:48:22,560 Speaker 1: away from the first presidential Big Cleveland, Ohio. Brandon kneels 892 00:48:22,600 --> 00:48:26,839 Speaker 1: with me. Democratic strategist mcgorman Republican strategists, all right, say 893 00:48:26,880 --> 00:48:29,600 Speaker 1: you've got to keep it locked on the debates, and 894 00:48:29,640 --> 00:48:31,560 Speaker 1: you've got to be specific. I don't want to hear 895 00:48:32,040 --> 00:48:34,520 Speaker 1: you know, the talking points and all that. I wanted 896 00:48:34,600 --> 00:48:36,839 Speaker 1: to be really interesting. Tell me something I don't know, 897 00:48:37,320 --> 00:48:39,200 Speaker 1: mc gorman. I'm putting you on the spot. You're up first, 898 00:48:39,200 --> 00:48:42,960 Speaker 1: What's on your Radar for the debate tonight. Alright. Uh, 899 00:48:43,239 --> 00:48:46,880 Speaker 1: there is a history going back incumbent presidents have not 900 00:48:47,080 --> 00:48:49,560 Speaker 1: fared well in their first debate, all the way back 901 00:48:49,600 --> 00:48:55,520 Speaker 1: to Reagan for certainly twelve with Barack Obama. You look, 902 00:48:55,560 --> 00:48:58,160 Speaker 1: Trump's a different animal. I get it. He certainly hasn't 903 00:48:58,200 --> 00:49:02,120 Speaker 1: been traditional base prep. However, does he come out whether 904 00:49:02,160 --> 00:49:04,360 Speaker 1: it's a little lack of daisical or maybe not in 905 00:49:04,360 --> 00:49:07,279 Speaker 1: his game. Biden has a lot of debate crap. How 906 00:49:07,280 --> 00:49:09,839 Speaker 1: did you do? That's what I'm looking for. Okay, man, 907 00:49:09,880 --> 00:49:12,520 Speaker 1: let's go back for a little bit. I remember I 908 00:49:12,600 --> 00:49:16,520 Speaker 1: was at I had just started at a Politico dating 909 00:49:16,560 --> 00:49:21,520 Speaker 1: myself years ago, and U and Obama tanked the first debate. 910 00:49:21,560 --> 00:49:23,560 Speaker 1: I mean, do you remember that Romney came out swinging? 911 00:49:23,880 --> 00:49:27,080 Speaker 1: It was like, I mean, and you were where were 912 00:49:27,080 --> 00:49:30,080 Speaker 1: you for that? I was in the world with with 913 00:49:30,080 --> 00:49:33,080 Speaker 1: with Robney up in Boston. Oh yeah. It was like, well, 914 00:49:33,080 --> 00:49:36,240 Speaker 1: hold my breath for ninety minutes straight and then as 915 00:49:36,280 --> 00:49:38,920 Speaker 1: soon as an ending, We're like, holy crap, Like that 916 00:49:39,000 --> 00:49:42,440 Speaker 1: was amazing. And so I think that's what I find fascinating. 917 00:49:42,960 --> 00:49:46,640 Speaker 1: The the pundits are all saying, oh, a debate doesn't 918 00:49:46,680 --> 00:49:49,600 Speaker 1: change anything. I totally disagree with that. A debate still 919 00:49:49,640 --> 00:49:52,319 Speaker 1: has not. First of all, it's an American tradition. It's 920 00:49:52,320 --> 00:49:55,600 Speaker 1: a hallmark of democracy that in our country, our two 921 00:49:55,680 --> 00:49:59,120 Speaker 1: leaders of the political parties, they debate each other with words, 922 00:49:59,440 --> 00:50:01,719 Speaker 1: and the debate each other over ideas. Even if you 923 00:50:01,719 --> 00:50:04,239 Speaker 1: have issue that it's cheap, even if it's plastic, even 924 00:50:04,280 --> 00:50:06,000 Speaker 1: if it feels like it's about ear pieces and not 925 00:50:06,080 --> 00:50:09,600 Speaker 1: about tax policy, they're still meeting each other on the 926 00:50:09,680 --> 00:50:12,480 Speaker 1: stage and debating each other. And it's not what's happening 927 00:50:12,480 --> 00:50:16,359 Speaker 1: and oh, I don't know as this week, So it's 928 00:50:16,480 --> 00:50:20,160 Speaker 1: it's it's it's a hallmark of democracy number one. Secondly, 929 00:50:20,480 --> 00:50:24,440 Speaker 1: it politically, in the short term, does have the the 930 00:50:24,520 --> 00:50:29,239 Speaker 1: ability to really shift a narrative, to shift up the momentum, 931 00:50:29,239 --> 00:50:32,239 Speaker 1: and that means something, that means something and where they 932 00:50:32,239 --> 00:50:35,160 Speaker 1: shift money, where they ship the advice. Mc gorman correct 933 00:50:35,160 --> 00:50:36,479 Speaker 1: me if I'm wrong. I mean, talk to me about 934 00:50:36,480 --> 00:50:40,719 Speaker 1: the importance of a debate from a strategic standpoint. Well, 935 00:50:40,880 --> 00:50:43,720 Speaker 1: this is one of the few times where both candidates 936 00:50:43,760 --> 00:50:46,360 Speaker 1: are not only the same stage, but you have telling 937 00:50:47,080 --> 00:50:51,120 Speaker 1: people tuning in yet a four of six last time, right, 938 00:50:51,560 --> 00:50:54,480 Speaker 1: Millions and millions of people are gonna be tuning into this. 939 00:50:54,719 --> 00:50:57,600 Speaker 1: It is one of the last chance to reset the race, 940 00:50:58,800 --> 00:51:02,160 Speaker 1: especially now Will is behind. Every day that he is 941 00:51:02,200 --> 00:51:05,319 Speaker 1: not gaining ground on Biden is a day lost for him. 942 00:51:05,719 --> 00:51:08,920 Speaker 1: So a chance to reset this race for him in 943 00:51:09,000 --> 00:51:12,600 Speaker 1: his campaign is absolutely vital, absolutely vital, And it's in 944 00:51:12,640 --> 00:51:15,280 Speaker 1: these socially distant times. It's really I mean, when else 945 00:51:15,560 --> 00:51:18,640 Speaker 1: can you get ninety million eyeballs or set pairs of 946 00:51:18,640 --> 00:51:21,680 Speaker 1: eyeballs on a on a stage. I mean, it's it's 947 00:51:21,800 --> 00:51:24,000 Speaker 1: it's really it, all right, So that's that's fascinating. I 948 00:51:24,040 --> 00:51:26,840 Speaker 1: mean to watch traditionally how an incumbent candidate does in 949 00:51:26,920 --> 00:51:29,080 Speaker 1: the first debate. And there's gonna be three other debates 950 00:51:29,120 --> 00:51:34,279 Speaker 1: after this in Salt Lake City, Utah, which is the 951 00:51:34,400 --> 00:51:38,880 Speaker 1: vice presidential debate that's next week, and then in Miami 952 00:51:39,480 --> 00:51:44,520 Speaker 1: that's the next presidential debate, and then in Nashville, Tennessee Country. 953 00:51:44,640 --> 00:51:47,560 Speaker 1: I'm heading to Nashville. I'm so excited. I love country views. 954 00:51:47,600 --> 00:51:49,880 Speaker 1: I've never been to Nashville and all over Tennessee. Never 955 00:51:49,920 --> 00:51:51,640 Speaker 1: been to Nashville, all right, Enough about me, not that 956 00:51:51,680 --> 00:51:53,600 Speaker 1: it's about my travel. I haven't gotten out much of 957 00:51:53,600 --> 00:51:55,480 Speaker 1: this year, like the rest of the world. Brandon Neil, 958 00:51:55,480 --> 00:51:59,480 Speaker 1: what your radar. So, I think we're finally gonna put 959 00:51:59,520 --> 00:52:02,120 Speaker 1: that slow, good, sleepy Joe and finally put that sleepy 960 00:52:02,160 --> 00:52:06,880 Speaker 1: Joe slok into bed. I think everyone see you like 961 00:52:07,000 --> 00:52:10,239 Speaker 1: that one, all right? I think that was funny. I 962 00:52:10,280 --> 00:52:12,640 Speaker 1: think we want to see an energetic Joe Biden. That 963 00:52:12,680 --> 00:52:15,880 Speaker 1: we're gonna see someone with strength and someone who remind 964 00:52:15,880 --> 00:52:18,560 Speaker 1: American people of who he is and also leadership. I 965 00:52:18,600 --> 00:52:21,520 Speaker 1: also think he has the opportunity, honestly to be the 966 00:52:21,560 --> 00:52:24,560 Speaker 1: adults on the stage. And by doing that, all he's 967 00:52:24,600 --> 00:52:27,960 Speaker 1: got to do is ignore the nuances, the stuff that 968 00:52:28,040 --> 00:52:31,480 Speaker 1: comes from from Trump. Uh that is not germane to 969 00:52:31,560 --> 00:52:33,600 Speaker 1: the conversation. So all he has to do is to 970 00:52:33,719 --> 00:52:36,200 Speaker 1: look directly into the camera and talk to the American 971 00:52:36,239 --> 00:52:38,720 Speaker 1: people and remind them who he is and also remind 972 00:52:38,760 --> 00:52:41,279 Speaker 1: them about his history, remind him about how he was 973 00:52:41,320 --> 00:52:43,759 Speaker 1: the one of leaderships who talked about the Recovery Act 974 00:52:43,800 --> 00:52:46,040 Speaker 1: and actually lead the Recovery Act in two thousand nine. 975 00:52:46,360 --> 00:52:48,080 Speaker 1: And so I think you know, going down memory lane 976 00:52:48,120 --> 00:52:51,759 Speaker 1: will serve from serve America. Well, okay, so I hear 977 00:52:51,840 --> 00:52:53,960 Speaker 1: you on that point, but I mean the stakes are 978 00:52:53,960 --> 00:52:56,200 Speaker 1: pretty high for Joe Biden, but I mean for both 979 00:52:56,239 --> 00:52:59,200 Speaker 1: of them. But on this particular point and joke about 980 00:52:59,239 --> 00:53:03,719 Speaker 1: the sleep Joe uh you know, nickname or whatnot, but 981 00:53:03,800 --> 00:53:08,200 Speaker 1: I mean anything that he does out of step or 982 00:53:08,239 --> 00:53:10,920 Speaker 1: out of character, if he's scratching his ear for an earpiece, 983 00:53:11,080 --> 00:53:13,879 Speaker 1: it will be that sected. And there's ninety minutes on 984 00:53:13,880 --> 00:53:16,080 Speaker 1: that stage. I mean, just put it. Put it in 985 00:53:16,200 --> 00:53:19,640 Speaker 1: that and that line of thought just about the pressure 986 00:53:19,960 --> 00:53:22,000 Speaker 1: that is on both of these candidates Brandon Neil for 987 00:53:22,160 --> 00:53:25,919 Speaker 1: ninety minutes. But the cameras watching and the world watching, well, 988 00:53:26,239 --> 00:53:29,480 Speaker 1: I know, but listen, remain on message, look into the 989 00:53:29,560 --> 00:53:32,120 Speaker 1: camera and talk to the American people so they can 990 00:53:32,160 --> 00:53:34,640 Speaker 1: see your empathy, so they can see your leadership, so 991 00:53:34,640 --> 00:53:37,080 Speaker 1: they can see that you are actually talking to them 992 00:53:37,120 --> 00:53:39,640 Speaker 1: about issues that are Germaine to them, and so that 993 00:53:39,680 --> 00:53:41,719 Speaker 1: they can fill the connection in one on one. And 994 00:53:41,760 --> 00:53:45,319 Speaker 1: then I would also if you, if he by really 995 00:53:45,360 --> 00:53:47,960 Speaker 1: wants to get under Trump skin, all you have to 996 00:53:47,960 --> 00:53:50,160 Speaker 1: do is talk about President Obama and his history and 997 00:53:50,239 --> 00:53:52,239 Speaker 1: his legacy and with all the great things he did 998 00:53:52,280 --> 00:53:54,319 Speaker 1: for this country. I hear and see you. By the 999 00:53:54,360 --> 00:53:57,160 Speaker 1: time there's ninety minutes over you look what's the right, 1000 00:53:57,440 --> 00:54:01,160 Speaker 1: and he's melted. Joe Biden's gonna ahead on a train 1001 00:54:01,239 --> 00:54:06,200 Speaker 1: tour of parts of Ohio and Pennsylvania in the next 1002 00:54:06,239 --> 00:54:11,160 Speaker 1: couple of days. Uh, and the I mean, the the 1003 00:54:11,280 --> 00:54:14,360 Speaker 1: debate continues, the campaign streot continues. I'm gonna be speaking 1004 00:54:14,400 --> 00:54:17,680 Speaker 1: with Senator Marsha Black, Republican from Tennessee, and Congressman Jim 1005 00:54:17,760 --> 00:54:20,400 Speaker 1: Jordan's in the next couple of hours. They've been traveling 1006 00:54:20,400 --> 00:54:23,520 Speaker 1: with the president all day. I mean, it's it's just 1007 00:54:23,840 --> 00:54:26,919 Speaker 1: there's so much going on. I mean, usually you both 1008 00:54:26,960 --> 00:54:29,680 Speaker 1: know this. Usually at a time like this, Washington is asleep, 1009 00:54:30,120 --> 00:54:32,200 Speaker 1: you know, I mean, nothing gets done between now and 1010 00:54:32,239 --> 00:54:35,200 Speaker 1: November three, or an election day. But now we've got, oh, 1011 00:54:35,239 --> 00:54:38,160 Speaker 1: I don't know, at least a two trillion dollar fiscal stimulus, 1012 00:54:38,320 --> 00:54:43,160 Speaker 1: a Supreme Court nomination pick, and an economic calamity and uh, 1013 00:54:43,280 --> 00:54:48,000 Speaker 1: you know, the economical recurring. I mean, it's just a 1014 00:54:48,000 --> 00:54:51,920 Speaker 1: pandemic with with with the regulations regarding vaccinations. All right. 1015 00:54:51,960 --> 00:54:53,680 Speaker 1: So here's one thing that's on my radar. It's not 1016 00:54:53,719 --> 00:54:57,120 Speaker 1: really related to any of that, but it really jarred 1017 00:54:57,160 --> 00:55:00,120 Speaker 1: me today. And I think we lose sight in the 1018 00:55:00,200 --> 00:55:02,040 Speaker 1: numbers and the data, and I was I was reading 1019 00:55:02,080 --> 00:55:03,839 Speaker 1: up on it on the Bloomberg terminal before I came 1020 00:55:03,880 --> 00:55:09,360 Speaker 1: in here. Disney California based theme parks, Disney's California based 1021 00:55:09,360 --> 00:55:14,799 Speaker 1: theme parks. Um it's forcing folks. Folks at Disney the 1022 00:55:14,880 --> 00:55:21,520 Speaker 1: layoff eight thousand employees, eight thousand families, twenty eight thousand 1023 00:55:21,800 --> 00:55:26,160 Speaker 1: people losing their jobs across the Parks, Experiences and Consumer 1024 00:55:26,160 --> 00:55:30,080 Speaker 1: Products division. Josh Dmorrow, who's the head of Parks at Disney, 1025 00:55:30,520 --> 00:55:32,919 Speaker 1: he outlined this in a letter, twenty eight thousand people. 1026 00:55:32,960 --> 00:55:36,520 Speaker 1: And and Disney isn't alone in this. I mean, so many, 1027 00:55:36,719 --> 00:55:41,480 Speaker 1: so many, so many companies. The layoffs are just keep 1028 00:55:41,520 --> 00:55:43,880 Speaker 1: coming and and it's it's just devastating. I mean when 1029 00:55:43,920 --> 00:55:49,319 Speaker 1: you really think of the uh, the impact that that 1030 00:55:49,480 --> 00:55:52,759 Speaker 1: this is having. And so you know, talk to me 1031 00:55:52,800 --> 00:55:55,600 Speaker 1: about that, Mac Gorman just about the economy, which the 1032 00:55:55,600 --> 00:55:59,080 Speaker 1: President has led on, but at this debate, the economic reality. 1033 00:55:59,280 --> 00:56:01,480 Speaker 1: The ninety million in Americans and we're gonna tune in 1034 00:56:01,640 --> 00:56:05,840 Speaker 1: are facing this in their own way. And look, it 1035 00:56:05,880 --> 00:56:08,240 Speaker 1: could get worse, right because you look, in the winter, 1036 00:56:08,880 --> 00:56:11,960 Speaker 1: restaurants are going to not be able to have that 1037 00:56:12,040 --> 00:56:15,600 Speaker 1: many people outside, especially in the northeastern Coulder climates. Uh, 1038 00:56:15,760 --> 00:56:20,000 Speaker 1: you know, just today New York is having indoor dining, 1039 00:56:20,040 --> 00:56:22,920 Speaker 1: not not even fifty. Well, I think this is the 1040 00:56:22,960 --> 00:56:26,680 Speaker 1: one thing that President trumpers entire political career, but also 1041 00:56:26,800 --> 00:56:30,759 Speaker 1: the entire business creator has been able to shift attention. Uh, 1042 00:56:30,920 --> 00:56:33,920 Speaker 1: you know, be a seller, talk to somebody out of you. 1043 00:56:33,960 --> 00:56:36,440 Speaker 1: Don't look at over there, but the audience. I mean, 1044 00:56:36,600 --> 00:56:38,920 Speaker 1: this is the the economy. I still think the ecopmy 1045 00:56:38,920 --> 00:56:42,400 Speaker 1: and the recovery it's gonna be. It's gonna be a remarkable, remarkable, 1046 00:56:42,440 --> 00:56:45,960 Speaker 1: deciding issue. I gotta leave it there. Mc gorman, thank you, Brandon, 1047 00:56:46,360 --> 00:56:48,800 Speaker 1: Thank you to all of our guests, Kimberly Gilfoyle, Congressman 1048 00:56:48,840 --> 00:56:52,440 Speaker 1: Connor Lamb as well, thank you, thank you for listening. 1049 00:56:52,800 --> 00:56:55,080 Speaker 1: Words of bats and I'm in Cleveland. We've got continuing 1050 00:56:55,160 --> 00:56:56,839 Speaker 1: coverage all throughout the night. My name is Kevin's really 1051 00:56:56,880 --> 00:56:58,879 Speaker 1: on the chief Washington correspondent f for Bloomberg TV and Radio. 1052 00:56:58,880 --> 00:57:06,640 Speaker 1: You're listening to Bloomberg nine to nine, wore wh