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 --> 00:00:11,400 Speaker 1: does this do from the United States relationship with China. 4 00:00:11,560 --> 00:00:16,520 Speaker 1: Bloomberg Sound on the inside, the influencers, the inside. We're 5 00:00:16,520 --> 00:00:19,720 Speaker 1: responding to this crisis and manufacturers are stepping up like 6 00:00:19,840 --> 00:00:23,360 Speaker 1: never before. You're looking at seventy kennidates for different vectines. 7 00:00:23,480 --> 00:00:26,120 Speaker 1: How do we make sure a pandemic of this scale 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 --> 00:00:34,480 Speaker 1: Surrelate on Bloomberg one and one oh five point seven 10 00:00:34,600 --> 00:00:37,360 Speaker 1: f M h D two. The US cases rise one 11 00:00:38,280 --> 00:00:42,040 Speaker 1: in California, hospital use is up. What that means for 12 00:00:42,120 --> 00:00:45,240 Speaker 1: the economy, and of course what it means for students 13 00:00:45,240 --> 00:00:47,839 Speaker 1: heading back to the classroom. Former Vice President Joe Biden 14 00:00:47,920 --> 00:00:51,440 Speaker 1: touting union jobs in a two trillion dollar plan to 15 00:00:51,520 --> 00:00:55,400 Speaker 1: build clean energy. We've got the latest on that front. 16 00:00:55,480 --> 00:00:59,880 Speaker 1: As President Trump officials order hospitals to bypass the CDC 17 00:01:00,160 --> 00:01:02,840 Speaker 1: on the virus. Josh wing Grove, our friend our Bloomberg 18 00:01:02,840 --> 00:01:05,520 Speaker 1: White House report, is gonna check in. Doug high Zu, 19 00:01:05,600 --> 00:01:08,160 Speaker 1: guy who I hear through the grapevine, is very in 20 00:01:08,720 --> 00:01:13,399 Speaker 1: with Governor Hogan World. He's gonna check in with us 21 00:01:13,480 --> 00:01:17,720 Speaker 1: Kristin Haunt Democratic strategists UM as well. And we will 22 00:01:17,760 --> 00:01:21,960 Speaker 1: also uh here potentially from the President of the United 23 00:01:22,000 --> 00:01:25,640 Speaker 1: States uh later this hour, I will bring you those 24 00:01:25,680 --> 00:01:30,240 Speaker 1: remarks from President Trump directly as it happens, he's facing 25 00:01:30,520 --> 00:01:34,280 Speaker 1: a midnight deadline to sign legislation that would penalize banks 26 00:01:34,640 --> 00:01:37,840 Speaker 1: doing business with Chinese officials involved in the National security 27 00:01:37,920 --> 00:01:40,600 Speaker 1: law that the country is seeking to impose on Hong Kong. 28 00:01:40,680 --> 00:01:43,480 Speaker 1: So are the Hong Kong issue the President could make 29 00:01:43,480 --> 00:01:46,039 Speaker 1: an announcement about that this hour. I'll take you to 30 00:01:46,040 --> 00:01:49,560 Speaker 1: the Rose Garden if that happens. So jam packed, buckle up, 31 00:01:49,560 --> 00:01:51,360 Speaker 1: We've got a lot to talk about. When we begin 32 00:01:51,440 --> 00:01:55,360 Speaker 1: with Josh Wing Grove Bloomberg, White House Reporter, This as 33 00:01:55,400 --> 00:01:58,720 Speaker 1: we anticipate that President Trump, according to a senior source 34 00:01:58,800 --> 00:02:02,200 Speaker 1: involved in the discussis telling me just moments ago that 35 00:02:02,240 --> 00:02:06,880 Speaker 1: the President is expected to sign into law, Josh, the 36 00:02:07,080 --> 00:02:10,800 Speaker 1: Hong Kong sanctions bill that got out of the Senate 37 00:02:10,840 --> 00:02:13,720 Speaker 1: and the House within the last couple of weeks. This 38 00:02:13,760 --> 00:02:18,919 Speaker 1: would sanction Chinese officials who did business who do business 39 00:02:19,040 --> 00:02:23,040 Speaker 1: rather with tom who do business with the Chinese Communist 40 00:02:23,120 --> 00:02:26,200 Speaker 1: Party that have enacted the so called National Security Law 41 00:02:26,240 --> 00:02:29,600 Speaker 1: with Hong Kong. What else do we know, Josh, Yeah, 42 00:02:29,639 --> 00:02:32,840 Speaker 1: Well that's about it. I mean, he's facing a deadline 43 00:02:32,880 --> 00:02:35,160 Speaker 1: to sign that line. Of course, as he's signing and 44 00:02:35,639 --> 00:02:38,440 Speaker 1: giving them and circumstance of a rosset guard in press conference, 45 00:02:38,480 --> 00:02:41,440 Speaker 1: we could expect it was a possibility other measures will 46 00:02:41,480 --> 00:02:44,800 Speaker 1: be included. The administration has been telegraphing that they're going 47 00:02:45,240 --> 00:02:48,600 Speaker 1: to back down on China. They made moves last week 48 00:02:48,720 --> 00:02:52,480 Speaker 1: to this a section, in particular, the sanctioning of several officials, 49 00:02:52,480 --> 00:02:56,000 Speaker 1: including a high ranking Chinese Communist Party of Borough member 50 00:02:56,680 --> 00:02:58,639 Speaker 1: about the sort of raised the temperature. That was the 51 00:02:58,720 --> 00:03:02,440 Speaker 1: highest high ranking officially the US that had ever sanctioned China, 52 00:03:02,480 --> 00:03:05,320 Speaker 1: of course, has responded with some sanctions of its own. 53 00:03:05,400 --> 00:03:08,360 Speaker 1: So we'll see where it goes. But the President right now, 54 00:03:08,560 --> 00:03:11,440 Speaker 1: you know, it has been sort of steadily building his 55 00:03:11,639 --> 00:03:15,720 Speaker 1: criticism of China. This is of course related to the virus. 56 00:03:15,720 --> 00:03:19,720 Speaker 1: He believes China what was not forthcoming enough, and of 57 00:03:19,760 --> 00:03:22,400 Speaker 1: course is feeling domestic pressure at home in terms of 58 00:03:22,400 --> 00:03:24,959 Speaker 1: sumping poll numbers about his own handling of how the 59 00:03:25,040 --> 00:03:27,480 Speaker 1: virus wants it reached America shore, So it looks like 60 00:03:27,919 --> 00:03:30,799 Speaker 1: it looks like he will do something China related. The 61 00:03:30,840 --> 00:03:32,560 Speaker 1: scope of that we don't know. We also don't know 62 00:03:32,639 --> 00:03:35,920 Speaker 1: if he will take questions. He normally, of course UH 63 00:03:36,480 --> 00:03:40,040 Speaker 1: can can help himself to take questions, but as of late, 64 00:03:40,080 --> 00:03:42,920 Speaker 1: he is not always hang hung around after making these 65 00:03:43,000 --> 00:03:45,080 Speaker 1: kind of statements to take questions from the presence said, 66 00:03:45,080 --> 00:03:49,400 Speaker 1: sort of leaving and letting other officials such as cabinet 67 00:03:49,400 --> 00:03:51,480 Speaker 1: figures take them for him. Josh Win Groves on the 68 00:03:51,480 --> 00:03:53,800 Speaker 1: line he's Bloomberg. White House reported, Josh, what I find 69 00:03:53,840 --> 00:03:57,080 Speaker 1: so interesting right now is that, according to the conversations 70 00:03:57,120 --> 00:04:00,400 Speaker 1: that I'm having with some sources close to the Right House, 71 00:04:00,400 --> 00:04:03,240 Speaker 1: and I'm curious for your reporting on this as well, 72 00:04:03,320 --> 00:04:06,800 Speaker 1: is he being advised to continue to talk more about 73 00:04:06,840 --> 00:04:10,000 Speaker 1: his handling of the pandemic because that seems to be 74 00:04:10,560 --> 00:04:13,800 Speaker 1: almost the switch and strategy. We saw him photographed with 75 00:04:13,880 --> 00:04:17,640 Speaker 1: the mask on the other day. We've seen him adopt 76 00:04:18,080 --> 00:04:20,240 Speaker 1: more of a I don't know, I mean, in the 77 00:04:20,279 --> 00:04:23,080 Speaker 1: past couple of days, more of a somber tone. What 78 00:04:23,160 --> 00:04:25,480 Speaker 1: are you gathering, is this going to be a bombastic 79 00:04:25,839 --> 00:04:28,800 Speaker 1: President Trump or will it be the more somber President Trump. 80 00:04:30,120 --> 00:04:32,320 Speaker 1: It's a it's a good question. But they are changing 81 00:04:32,360 --> 00:04:34,520 Speaker 1: their tone now that I think. It's unclear though whether 82 00:04:34,600 --> 00:04:36,880 Speaker 1: it's just the people around him doing that and sort 83 00:04:36,880 --> 00:04:39,680 Speaker 1: of you know, creating a gravitational pull for him to 84 00:04:39,720 --> 00:04:43,000 Speaker 1: do the same, or or if they're more explicitly setting 85 00:04:43,040 --> 00:04:45,559 Speaker 1: the table. You know, this morning we had Betoir, who's 86 00:04:45,600 --> 00:04:50,039 Speaker 1: the testing star for the Trump administration sort of you know, 87 00:04:50,120 --> 00:04:52,400 Speaker 1: stay go on TV and say listen, everyone's gonna wear 88 00:04:52,400 --> 00:04:55,920 Speaker 1: a mask, gotta shut bars down in California, Arizona, Florida, 89 00:04:55,960 --> 00:04:59,000 Speaker 1: and Texas, those states with particularly sharp oat breaks. He 90 00:04:59,040 --> 00:05:01,599 Speaker 1: said they expect death to rise. He said that the 91 00:05:01,600 --> 00:05:05,480 Speaker 1: CDCs and lined people on all accounts. He's rebutting comments 92 00:05:05,480 --> 00:05:08,240 Speaker 1: from the President, either explicitly or implicitly from you know, 93 00:05:08,279 --> 00:05:11,719 Speaker 1: the past few days. Uh Dr Fauci of course has 94 00:05:11,760 --> 00:05:14,920 Speaker 1: been a target of the of the administration. Uh dance 95 00:05:14,960 --> 00:05:18,680 Speaker 1: could be no criticizing him in particular. You know he's 96 00:05:18,680 --> 00:05:22,239 Speaker 1: speaking right now. Dr Redfield, the head of the CDC, 97 00:05:22,720 --> 00:05:25,479 Speaker 1: talked about the needs for universal what mask wearing today, 98 00:05:25,560 --> 00:05:28,200 Speaker 1: So there is sort of this you know, push coming 99 00:05:28,279 --> 00:05:30,960 Speaker 1: from health officials that frankly have been shoved to the 100 00:05:31,000 --> 00:05:33,359 Speaker 1: back seat by the White House. Remember they were ubiquitous 101 00:05:33,400 --> 00:05:36,120 Speaker 1: there for quite a while, and then those task briefings, 102 00:05:36,320 --> 00:05:38,359 Speaker 1: Task Worce briefings dried up at the end of April. 103 00:05:38,960 --> 00:05:41,560 Speaker 1: Sort of happened a few times sporadically, not at the 104 00:05:41,640 --> 00:05:45,240 Speaker 1: White House since then. So, in other words, people around 105 00:05:45,240 --> 00:05:48,040 Speaker 1: Trump are being louder about what they need to do 106 00:05:48,080 --> 00:05:51,000 Speaker 1: to get this pandemic more under control. The President himself 107 00:05:51,040 --> 00:05:53,040 Speaker 1: has taken some steps you mentioned the mask that was 108 00:05:53,080 --> 00:05:55,640 Speaker 1: a big one, but has also continued to sort of 109 00:05:56,279 --> 00:06:02,560 Speaker 1: uh next messages I guess would be somewhat constructively to talk. Yeah, 110 00:06:02,880 --> 00:06:04,800 Speaker 1: it really is quite remarkable. And again, if you're just 111 00:06:04,880 --> 00:06:07,840 Speaker 1: joining us, we're waiting for comment from President Trump from 112 00:06:07,880 --> 00:06:10,279 Speaker 1: the White House. Unknown whether or not he's going to 113 00:06:10,360 --> 00:06:13,360 Speaker 1: take questions for for the press conference, but he's gonna 114 00:06:13,360 --> 00:06:16,080 Speaker 1: be talking about China. We will bring you the President's 115 00:06:16,080 --> 00:06:19,040 Speaker 1: remarks as they happen. And Josh wing Grove is on 116 00:06:19,080 --> 00:06:22,560 Speaker 1: the line. He's Bloomberg's White House reporter. Josh, talk to 117 00:06:22,560 --> 00:06:25,919 Speaker 1: me about sort of the you know, coming up with 118 00:06:25,960 --> 00:06:28,880 Speaker 1: the panel we're gonna talk about, um, the former Vice 119 00:06:28,880 --> 00:06:31,720 Speaker 1: president Joe Biden's second part of his economic plan, it's 120 00:06:31,720 --> 00:06:36,040 Speaker 1: a two trillion dollar plan for uh it's they would 121 00:06:36,640 --> 00:06:38,719 Speaker 1: his campaign would you know, not be happy if I 122 00:06:38,720 --> 00:06:41,520 Speaker 1: said green New deal, but his version on the Green 123 00:06:41,600 --> 00:06:45,279 Speaker 1: New Deal, so to speak, Um, what is the White 124 00:06:45,279 --> 00:06:51,960 Speaker 1: House saying about it? Well, the White House is, I 125 00:06:52,000 --> 00:06:55,720 Speaker 1: should say the campaign inspired back in particular, they call 126 00:06:55,839 --> 00:06:59,160 Speaker 1: his energy plan of socialist manifesto, and they've really been 127 00:06:59,320 --> 00:07:01,039 Speaker 1: dunking on you know, they I think they see a 128 00:07:01,080 --> 00:07:05,760 Speaker 1: political angle here, you know, think about coal mining jobs 129 00:07:05,760 --> 00:07:10,000 Speaker 1: in Pennsylvania or oil jobs in Texas, which may or 130 00:07:10,040 --> 00:07:13,800 Speaker 1: not being more in play than normal. So I absolutely 131 00:07:13,800 --> 00:07:16,360 Speaker 1: expect them to hit it, hit him there, and I 132 00:07:16,400 --> 00:07:19,880 Speaker 1: think frankly they've been waiting for Biden to come out 133 00:07:19,880 --> 00:07:22,200 Speaker 1: a little bit, start rolling out policy, get out of 134 00:07:22,240 --> 00:07:25,120 Speaker 1: the basement so that they can start hitting him over it, 135 00:07:25,200 --> 00:07:28,040 Speaker 1: because of course, the last little while has not gone 136 00:07:28,120 --> 00:07:30,120 Speaker 1: very well for the Trump campaign, and they, you know, 137 00:07:30,160 --> 00:07:34,640 Speaker 1: they believe that that contrast is where they're sort of 138 00:07:35,360 --> 00:07:39,760 Speaker 1: path lies. In other words, President Trump against Joe Biden. 139 00:07:40,520 --> 00:07:43,560 Speaker 1: It's an election campaign that they're far more keen to 140 00:07:43,680 --> 00:07:45,960 Speaker 1: run on than a campaign. And President Trump y a 141 00:07:46,960 --> 00:07:49,600 Speaker 1: you know, sort of a referendum on how he's doing so. 142 00:07:49,640 --> 00:07:52,280 Speaker 1: I absolutely think that every time Biden rolls out something 143 00:07:52,320 --> 00:07:54,760 Speaker 1: like this, they're going to hammer on it, and probably 144 00:07:54,800 --> 00:07:56,760 Speaker 1: we can expect the President to talk about it tonight. 145 00:07:56,880 --> 00:07:58,800 Speaker 1: It's been quite interesting, folks, And for those of you 146 00:07:58,800 --> 00:08:01,200 Speaker 1: who know, we've been talking about Joe Biden's economic plans 147 00:08:01,240 --> 00:08:04,600 Speaker 1: as they've come out. We've interviewed former Commerce Secretary UH 148 00:08:04,680 --> 00:08:08,120 Speaker 1: for the Obama administration, Penny Pritzker, who was really instrumental 149 00:08:08,240 --> 00:08:11,120 Speaker 1: in drafting some of the language for the first part 150 00:08:11,440 --> 00:08:13,800 Speaker 1: of the rollout that happened last week. But I find 151 00:08:13,880 --> 00:08:16,320 Speaker 1: it fascinating if you're if you're looking at this, if 152 00:08:16,320 --> 00:08:19,560 Speaker 1: you're observing this from back home on the Wall Street, 153 00:08:19,640 --> 00:08:22,720 Speaker 1: on the banking, on the financial regulatory front, the Biden 154 00:08:22,800 --> 00:08:25,640 Speaker 1: campaign has adopted a more is putting out a more 155 00:08:25,720 --> 00:08:30,280 Speaker 1: centrist face to their economics. But where they've turned progressive 156 00:08:30,680 --> 00:08:34,840 Speaker 1: and where they're banking, the polls will help them progressively speaking, 157 00:08:35,320 --> 00:08:38,760 Speaker 1: UH is on energy, and that's why the former Vice 158 00:08:38,800 --> 00:08:42,680 Speaker 1: president's campaign adopted the likes of Alexandria Accassio Cortez to 159 00:08:42,800 --> 00:08:47,719 Speaker 1: join a very public, a very public type of UH 160 00:08:47,840 --> 00:08:50,880 Speaker 1: the committee, so to speak. To advise him on on 161 00:08:51,280 --> 00:08:55,680 Speaker 1: the environment. But to Josh's point, I mean it the 162 00:08:55,720 --> 00:08:59,560 Speaker 1: Bidy campaign fully aware of the polls well in terms 163 00:08:59,600 --> 00:09:03,760 Speaker 1: of looking at how President Trump still leads Joe Biden 164 00:09:03,880 --> 00:09:06,000 Speaker 1: on on the economy. And that's why last week you 165 00:09:06,000 --> 00:09:09,760 Speaker 1: saw a much more nuanced rollout with regards to uh 166 00:09:10,440 --> 00:09:14,520 Speaker 1: uh workforce development and and Wall Street and Main Street 167 00:09:14,840 --> 00:09:16,880 Speaker 1: versus what you're seeing this week, which is a more 168 00:09:16,880 --> 00:09:20,040 Speaker 1: progressive rollout for energy. All Right, I got one more 169 00:09:20,120 --> 00:09:23,120 Speaker 1: question for my buddy, Josh wyn Grove, Bloomberg White House reporter, 170 00:09:23,200 --> 00:09:26,880 Speaker 1: and that is from a broader China standpoint. This is 171 00:09:26,960 --> 00:09:29,880 Speaker 1: just one of the steps in the direction of where 172 00:09:29,960 --> 00:09:33,080 Speaker 1: US China policy is going, is it not, Josh, do 173 00:09:33,120 --> 00:09:36,520 Speaker 1: you expect there to be more types of policy coming 174 00:09:36,559 --> 00:09:39,400 Speaker 1: from China on I'm sorry, from the from the White 175 00:09:39,400 --> 00:09:44,000 Speaker 1: House regarding China over the next couple of months. Yes. Absolutely. 176 00:09:44,080 --> 00:09:46,559 Speaker 1: I think this is a political winner, even before the pandemic. 177 00:09:46,679 --> 00:09:48,959 Speaker 1: Cracking down on China was a political winner at the 178 00:09:49,080 --> 00:09:52,560 Speaker 1: partisan winner. And I'm frankly a little surprised we haven't 179 00:09:52,600 --> 00:09:54,400 Speaker 1: heard the President go after this more. And I think 180 00:09:54,400 --> 00:09:56,200 Speaker 1: the reason, of course is that is is that he 181 00:09:56,280 --> 00:09:59,080 Speaker 1: really likes his Phase one trade deal' remember they sign 182 00:09:59,160 --> 00:10:01,559 Speaker 1: that at the White House, a great sand fair at 183 00:10:01,559 --> 00:10:03,560 Speaker 1: the beginning of the year, and sort of what feels 184 00:10:03,600 --> 00:10:05,840 Speaker 1: like a different world I guess was a different world 185 00:10:05,920 --> 00:10:08,920 Speaker 1: at the time. The Chinese purchases of at your culture 186 00:10:08,960 --> 00:10:11,920 Speaker 1: really aren't. Josh, I don't even remember that world. I 187 00:10:11,960 --> 00:10:14,600 Speaker 1: don't even remember that world. But I don't even know 188 00:10:14,640 --> 00:10:16,920 Speaker 1: what months we're in. You could tell me it's March, 189 00:10:16,960 --> 00:10:18,920 Speaker 1: and I'd be like, yeah, it's March. It's really warm 190 00:10:19,000 --> 00:10:21,600 Speaker 1: for March. Anyway, Josh, go ahead. I didn't mean to interrupt. 191 00:10:22,520 --> 00:10:25,880 Speaker 1: I hear, I hear the finger in the damn with 192 00:10:25,880 --> 00:10:28,760 Speaker 1: regards to the president, and China has been that trade deal. 193 00:10:28,840 --> 00:10:30,680 Speaker 1: And the one thing and I continue to watch for, 194 00:10:31,360 --> 00:10:34,120 Speaker 1: is that sign that a minute that he is no 195 00:10:34,200 --> 00:10:36,560 Speaker 1: longer satisfied with that deal, in the minute that China's 196 00:10:36,800 --> 00:10:41,400 Speaker 1: lagging purchases of US farm products get under his skin, 197 00:10:41,840 --> 00:10:44,079 Speaker 1: then I think that will change the calculus, because that 198 00:10:44,120 --> 00:10:46,360 Speaker 1: has been what is holding him back in some ways 199 00:10:46,360 --> 00:10:50,840 Speaker 1: from really rationing up the pressure with China. But until 200 00:10:50,840 --> 00:10:53,760 Speaker 1: now he's really stood by in fact, including yesterday, are 201 00:10:53,800 --> 00:10:56,640 Speaker 1: Collague Mario Parker asked him flat out what about that 202 00:10:56,720 --> 00:10:59,400 Speaker 1: Phase one deal? And he said, look, they're still buying, 203 00:10:59,679 --> 00:11:02,240 Speaker 1: as you're still buying. I'm good. So you know, for 204 00:11:02,360 --> 00:11:05,600 Speaker 1: now that deal is where you want to be. And 205 00:11:05,960 --> 00:11:09,200 Speaker 1: if that days, I think we'll see him sort of 206 00:11:09,480 --> 00:11:14,000 Speaker 1: take measure China if he thinks that China is backed 207 00:11:14,040 --> 00:11:16,400 Speaker 1: out of that deal. Of course the virus is affecting 208 00:11:16,920 --> 00:11:19,079 Speaker 1: what kind of maker culture they can and would want 209 00:11:19,120 --> 00:11:22,599 Speaker 1: to then I think it's sort of it's sort of 210 00:11:22,640 --> 00:11:24,760 Speaker 1: the gloves might come off more and he wouldn't have 211 00:11:24,760 --> 00:11:28,160 Speaker 1: as much reason to tiptoe around the tinage. It's fascinating, 212 00:11:28,200 --> 00:11:31,080 Speaker 1: all right, Josh Winn grow, great job, great reporting you, Mario, 213 00:11:31,320 --> 00:11:34,200 Speaker 1: Jen the whole team at the White House, just really doing, 214 00:11:34,559 --> 00:11:37,640 Speaker 1: working around the clock to everybody, justin everyone, of course, 215 00:11:37,679 --> 00:11:39,720 Speaker 1: you know, and I know I'm forgetting people and it's inadvertent, 216 00:11:39,800 --> 00:11:42,440 Speaker 1: but you know, I know you guys are really working 217 00:11:42,520 --> 00:11:44,760 Speaker 1: around the clock and I'm working really hard. I'll let 218 00:11:44,760 --> 00:11:47,000 Speaker 1: of course, by Alex plain all right, that's a Josh 219 00:11:47,040 --> 00:11:49,560 Speaker 1: wyn Grove. He is Bloomberg's White House reporter. If I 220 00:11:49,600 --> 00:11:51,640 Speaker 1: forgot someone, don't get man at me. I really didn't 221 00:11:51,640 --> 00:11:54,280 Speaker 1: mean to. I'm Kevin's a really Chief Washington correspondent for 222 00:11:54,360 --> 00:11:57,079 Speaker 1: Bloomberg Television and for Bloomberg Radio. I want to reset 223 00:11:57,080 --> 00:11:59,560 Speaker 1: now if you're just joining us, because I'm gonna bring 224 00:11:59,600 --> 00:12:03,240 Speaker 1: in Hi senior vice president of Media at Kraft Media 225 00:12:03,280 --> 00:12:05,559 Speaker 1: and Digital. He's the former deputy chief of staff to 226 00:12:05,640 --> 00:12:10,160 Speaker 1: former House Majority Leader Eric Cancer and Kristin Hant, democratic strategist, 227 00:12:10,200 --> 00:12:14,840 Speaker 1: senior advisor at IRAQ Solutions and former Blue Dog Coalition 228 00:12:14,880 --> 00:12:18,920 Speaker 1: Communications director. And we are awaiting folks President Trump at 229 00:12:18,920 --> 00:12:21,600 Speaker 1: the White House. I'm hearing from sources that he is 230 00:12:21,640 --> 00:12:25,319 Speaker 1: likely going to sign into law piece of legislation that 231 00:12:25,360 --> 00:12:28,240 Speaker 1: passed with bipartisan support in both the House and the 232 00:12:28,280 --> 00:12:32,120 Speaker 1: Senate that would sanction Chinese officials who have done business 233 00:12:32,120 --> 00:12:35,559 Speaker 1: with the Communist Party that have advanced the so called 234 00:12:35,679 --> 00:12:40,400 Speaker 1: national security measures against Hong Kong. Alright, so let's let's 235 00:12:40,400 --> 00:12:42,440 Speaker 1: start with Kristin Han who knows a thing or two 236 00:12:42,440 --> 00:12:47,080 Speaker 1: about coalition buildings because of her work previously as the 237 00:12:47,080 --> 00:12:51,679 Speaker 1: Blue Dog Coalition Comms director. Kristen, this is a bipartis 238 00:12:51,720 --> 00:12:59,160 Speaker 1: an issue. This is I never thought I'd see it 239 00:12:59,559 --> 00:13:02,840 Speaker 1: planning what it didn't here? Christy, could you hear me? 240 00:13:03,240 --> 00:13:06,320 Speaker 1: Or do we have a bad connection. We hear you now, 241 00:13:06,440 --> 00:13:09,240 Speaker 1: sorry about that. It's it's okay. So what so this 242 00:13:09,280 --> 00:13:11,839 Speaker 1: is this is an area where Republicans and Democrats agree, 243 00:13:11,960 --> 00:13:13,920 Speaker 1: right in terms of trying to be a little bit 244 00:13:13,920 --> 00:13:18,000 Speaker 1: more tough on China. Yeah, I agree. UM. You know, 245 00:13:18,080 --> 00:13:20,560 Speaker 1: I think you know you've seen, I mean talk about 246 00:13:20,600 --> 00:13:22,280 Speaker 1: the Blue Doog coalitions, the group I used to work 247 00:13:22,280 --> 00:13:26,200 Speaker 1: for actually UM have introduced legislation put out a letter 248 00:13:26,320 --> 00:13:31,640 Speaker 1: talking about really looking into how China mismanaged uh and 249 00:13:31,679 --> 00:13:36,040 Speaker 1: not just mismanaged UM, the the the COVID nineteen situation, 250 00:13:36,120 --> 00:13:39,520 Speaker 1: particularly hoarding supplies. So yeah, I think that on both 251 00:13:39,520 --> 00:13:42,000 Speaker 1: sides of the alve. That said, I think that the 252 00:13:42,080 --> 00:13:45,440 Speaker 1: Democrats are also uh not in the modern Democrats are 253 00:13:45,480 --> 00:13:50,320 Speaker 1: not letting the present his mismanagement of UM the pandemic 254 00:13:50,360 --> 00:13:52,120 Speaker 1: off the hook. I think in a lot of ways 255 00:13:52,120 --> 00:13:54,760 Speaker 1: this is the talking point UM and I'd be interested 256 00:13:54,800 --> 00:13:56,480 Speaker 1: to hear it Doug has to say. But it's a 257 00:13:56,520 --> 00:13:58,640 Speaker 1: talking point that I'm hearing in a lot of you know, 258 00:13:58,720 --> 00:14:01,679 Speaker 1: of our our our race across the country. The Republicans 259 00:14:01,760 --> 00:14:04,720 Speaker 1: China use China justice and the culprit that I think 260 00:14:04,760 --> 00:14:08,559 Speaker 1: the president should be held liable for his business management 261 00:14:08,640 --> 00:14:10,720 Speaker 1: of panic pandemic as well. We got the two minute 262 00:14:10,720 --> 00:14:12,600 Speaker 1: warning from the White House, So Doug, come in here 263 00:14:12,640 --> 00:14:14,360 Speaker 1: and give us your take. And if I cut you off, 264 00:14:14,360 --> 00:14:17,040 Speaker 1: it's because I'm cutting to the White House. You didn't 265 00:14:17,080 --> 00:14:19,080 Speaker 1: cut me off. The President cut me off, which is fine. 266 00:14:19,960 --> 00:14:22,880 Speaker 1: Look that clearly the takeaway from this press conference is 267 00:14:22,920 --> 00:14:26,000 Speaker 1: not going to be about anything with China. We have 268 00:14:26,040 --> 00:14:29,200 Speaker 1: a hundred thirty six thousand Americans who have died. We 269 00:14:29,240 --> 00:14:31,880 Speaker 1: have an economy that's in a very vulnerable place, so 270 00:14:32,040 --> 00:14:34,360 Speaker 1: things could get a lot worse, and people want to 271 00:14:34,360 --> 00:14:36,880 Speaker 1: know what's going to happen next, what's going to happen 272 00:14:36,920 --> 00:14:40,000 Speaker 1: with reopening schools where the President's been really forceful but 273 00:14:40,040 --> 00:14:42,040 Speaker 1: not really provided a lot of answers. By the way, 274 00:14:42,040 --> 00:14:44,520 Speaker 1: that includes childcare, which we don't really talk about. How 275 00:14:44,560 --> 00:14:47,040 Speaker 1: are we going to get children back in childcare? All 276 00:14:47,080 --> 00:14:50,120 Speaker 1: of which means when will it be safe for parents, 277 00:14:50,520 --> 00:14:52,560 Speaker 1: and when will parents be able to get back to 278 00:14:52,600 --> 00:14:54,640 Speaker 1: work so that everybody's healthy and we can get the 279 00:14:54,640 --> 00:14:57,880 Speaker 1: economy started again. Everything revolves around that. Now. I think 280 00:14:57,880 --> 00:14:59,840 Speaker 1: it's such a great point, and I also think the 281 00:15:00,080 --> 00:15:04,320 Speaker 1: education issues should President Trump take uh should President Trump 282 00:15:04,400 --> 00:15:07,480 Speaker 1: take questions. I think education is going to be one 283 00:15:07,480 --> 00:15:08,920 Speaker 1: of the main things that that he's going to be 284 00:15:08,960 --> 00:15:11,000 Speaker 1: asked about as well, because so many people want to know. 285 00:15:11,440 --> 00:15:14,760 Speaker 1: But it is an incredibly localized issue. What what should 286 00:15:15,320 --> 00:15:18,560 Speaker 1: what should families across the country be looking for coming 287 00:15:18,560 --> 00:15:21,720 Speaker 1: from president from the President the Executive Office, Kristen as 288 00:15:21,760 --> 00:15:26,040 Speaker 1: it relates to school I think that, you know, just 289 00:15:26,200 --> 00:15:30,440 Speaker 1: clear guidance that is that is based on the science. 290 00:15:30,440 --> 00:15:32,240 Speaker 1: I mean my families in Texas and I hear a 291 00:15:32,240 --> 00:15:35,480 Speaker 1: lot of my friends, Um, I'm back at home that 292 00:15:35,520 --> 00:15:38,480 Speaker 1: are very concerned about their kids going back to school. 293 00:15:38,520 --> 00:15:40,520 Speaker 1: So I think I think with everything, not just with 294 00:15:40,720 --> 00:15:43,240 Speaker 1: child care, but with just our society in general, we 295 00:15:43,280 --> 00:15:45,360 Speaker 1: all want to get back to normal. But making sure 296 00:15:45,400 --> 00:15:47,960 Speaker 1: that we're listening to our experts and heating their advice 297 00:15:48,040 --> 00:15:50,240 Speaker 1: and basing all of our actions off of that peak, 298 00:15:50,240 --> 00:15:52,880 Speaker 1: we'll ever get back to normally. Don't do that. What 299 00:15:52,960 --> 00:15:55,000 Speaker 1: do you think President Trump should say, and not not 300 00:15:55,120 --> 00:15:56,800 Speaker 1: in terms of policies, but what does he need to 301 00:15:56,840 --> 00:16:00,880 Speaker 1: do from an organizational perspective? Doug to you to address 302 00:16:00,920 --> 00:16:04,720 Speaker 1: American families as it relates to schools, Well, I think 303 00:16:04,720 --> 00:16:07,320 Speaker 1: it starts with wearing a mask, and it starts with listening. 304 00:16:07,360 --> 00:16:10,360 Speaker 1: Next ERTs is as Kristen mentioned, if you do that, 305 00:16:10,640 --> 00:16:13,040 Speaker 1: you're then demonstrating that you're doing the right thing so 306 00:16:13,080 --> 00:16:15,480 Speaker 1: that the country can get, if not back to normal, 307 00:16:15,800 --> 00:16:17,600 Speaker 1: at least at a place where we can think about 308 00:16:17,600 --> 00:16:21,160 Speaker 1: being normal again. That ultimately is is the question for Trump. 309 00:16:21,160 --> 00:16:23,760 Speaker 1: It's not about you know, how he what the organizational 310 00:16:23,760 --> 00:16:27,840 Speaker 1: structure is. Stop fighting um with the top infectious doctor 311 00:16:28,160 --> 00:16:31,400 Speaker 1: um in the country, wear a mask, send those signs 312 00:16:31,440 --> 00:16:34,400 Speaker 1: that will have enormous influence throughout the country so that 313 00:16:34,440 --> 00:16:36,480 Speaker 1: we can stem the tide of this and get people 314 00:16:36,520 --> 00:16:40,680 Speaker 1: back in school, back in childcare, and ultimately back to work. Christen, 315 00:16:41,720 --> 00:16:43,280 Speaker 1: what else do you what else? What else are you 316 00:16:43,280 --> 00:16:45,520 Speaker 1: going to be looking for? Because I mean, you know, Democrats, 317 00:16:45,560 --> 00:16:47,400 Speaker 1: as you know, I've been critical, very critical of how 318 00:16:47,440 --> 00:16:52,080 Speaker 1: President Trump has handled uh they would say mishandled COVID 319 00:16:52,200 --> 00:16:55,400 Speaker 1: nineteen What what though? I mean, is there anything that 320 00:16:55,440 --> 00:16:57,840 Speaker 1: he can say to turn this around or or is 321 00:16:57,880 --> 00:17:01,680 Speaker 1: it just campaign season and Biden we're attack? I mean, 322 00:17:02,080 --> 00:17:04,159 Speaker 1: I think at this point, honestly, and this is me 323 00:17:04,240 --> 00:17:06,879 Speaker 1: as a human not as a democratic operative, I just 324 00:17:06,920 --> 00:17:10,439 Speaker 1: would like to see him um, you know, start bringing 325 00:17:10,440 --> 00:17:13,439 Speaker 1: people together, start listening rather than retweeting things about the 326 00:17:13,560 --> 00:17:16,360 Speaker 1: CDC and saying that our scientists are to I really 327 00:17:16,359 --> 00:17:18,240 Speaker 1: would just like to see the leader of the country, 328 00:17:18,640 --> 00:17:21,320 Speaker 1: you know, being a leader and showing the governors what 329 00:17:21,359 --> 00:17:24,760 Speaker 1: they need to do and and and listening to our experts. 330 00:17:24,760 --> 00:17:27,760 Speaker 1: It's just kind of getting exhausting. Otherwise it's having impacts 331 00:17:27,800 --> 00:17:31,080 Speaker 1: on our our economy as well. So I'm exhausted, and 332 00:17:31,119 --> 00:17:33,719 Speaker 1: I would just like for him to lead by examples 333 00:17:33,760 --> 00:17:36,840 Speaker 1: like wear a mask, um, and listen to our experts. 334 00:17:36,840 --> 00:17:38,959 Speaker 1: I think while we wait for President Trump, if you're 335 00:17:38,960 --> 00:17:42,119 Speaker 1: just joining us, we are awaiting President Trump to deliver 336 00:17:42,119 --> 00:17:44,840 Speaker 1: a press conference, you can catch it right here. Uh. 337 00:17:44,880 --> 00:17:47,639 Speaker 1: And we've received the two minute morning a couple of 338 00:17:47,680 --> 00:17:52,359 Speaker 1: minutes ago. UM. Doug. I was in Annapolis yesterday talking 339 00:17:52,359 --> 00:17:55,040 Speaker 1: to Governor Larry Hogan. Talk to me about the contrast 340 00:17:55,080 --> 00:17:57,920 Speaker 1: that we've seen between the way that Governor Hogan has 341 00:17:57,960 --> 00:18:03,080 Speaker 1: tried to execute there arecovery in Maryland versus President Trump's UM, 342 00:18:03,240 --> 00:18:06,000 Speaker 1: what he's been doing, UM, and the strategy that he's taken. 343 00:18:06,000 --> 00:18:07,720 Speaker 1: Don't tell me which one's right or wrong, but tell 344 00:18:07,720 --> 00:18:12,520 Speaker 1: me you know, the study and contrasts. Well, the contrast 345 00:18:12,600 --> 00:18:15,880 Speaker 1: is one of noise, and Donald Trump makes a lot 346 00:18:15,880 --> 00:18:19,280 Speaker 1: of noise every day, doesn't necessarily inform people. What's impressed 347 00:18:19,320 --> 00:18:22,439 Speaker 1: me so much about Larry Hogan is he's focused on 348 00:18:22,520 --> 00:18:25,840 Speaker 1: just getting the job done. He's everywhere. He's doing interviews 349 00:18:25,880 --> 00:18:29,360 Speaker 1: with Bloomberg as he did yesterday, He's doing radio interviews, 350 00:18:29,359 --> 00:18:32,560 Speaker 1: he's doing TV interviews everywhere he can. But it's to 351 00:18:32,640 --> 00:18:35,600 Speaker 1: inform the public on what they're doing, on what needs 352 00:18:35,640 --> 00:18:38,520 Speaker 1: to be done so that Marylynton can get back to 353 00:18:38,560 --> 00:18:40,600 Speaker 1: the place that it needs to be. What he's doing, 354 00:18:40,960 --> 00:18:43,720 Speaker 1: which is really strange in American politics these days. He's 355 00:18:43,760 --> 00:18:46,720 Speaker 1: focusing on being competent and that's why Maryland is a 356 00:18:46,800 --> 00:18:49,320 Speaker 1: much better place than a lot of states right now. 357 00:18:49,400 --> 00:18:51,320 Speaker 1: All right, well, let's okay. First of all, thanks for 358 00:18:51,359 --> 00:18:54,439 Speaker 1: taking this steme out of my exclusive yesterday, Doug, appreciate it. No, 359 00:18:54,600 --> 00:18:57,280 Speaker 1: not the person, not the personal. You know, it's hard 360 00:18:57,280 --> 00:18:59,360 Speaker 1: out here to make it in this business for kids 361 00:18:59,359 --> 00:19:02,440 Speaker 1: from dyk. Let me tell you this, though, what's compare 362 00:19:02,800 --> 00:19:07,159 Speaker 1: Compare his reaction or his response Governor Hogan's response to 363 00:19:07,320 --> 00:19:12,119 Speaker 1: that of uh Andrew Cuomo in New York. Well, look, 364 00:19:12,160 --> 00:19:14,520 Speaker 1: Clomo has a much bigger microphone. If you're the governor 365 00:19:14,520 --> 00:19:16,080 Speaker 1: of New York or the mayor of New York, you're 366 00:19:16,119 --> 00:19:19,560 Speaker 1: going to be on TV nationally whenever you want to. 367 00:19:19,640 --> 00:19:21,760 Speaker 1: Pretty much. When we've seen that, not just with Cuomo, 368 00:19:21,840 --> 00:19:25,679 Speaker 1: but the previous governors and mayors. UM, it's harder for 369 00:19:25,720 --> 00:19:28,600 Speaker 1: the Governor of Maryland to do so. But what he's 370 00:19:28,600 --> 00:19:33,040 Speaker 1: done is put forth a plan on how how Maryland 371 00:19:33,119 --> 00:19:35,199 Speaker 1: is going to stem the tide. And he also has 372 00:19:35,280 --> 00:19:38,280 Speaker 1: to work regionally with the District of Columbia, with the 373 00:19:38,280 --> 00:19:40,679 Speaker 1: State of Virginia. And I would say Governor North has 374 00:19:40,680 --> 00:19:42,960 Speaker 1: done a fairly good job as well. The Mayor Bowser 375 00:19:43,000 --> 00:19:46,600 Speaker 1: has done a good job. The region here um is 376 00:19:46,840 --> 00:19:48,920 Speaker 1: much better than the national average, and I think it's 377 00:19:48,920 --> 00:19:51,880 Speaker 1: because he's working in a cooperative fashion. That's the difference 378 00:19:51,880 --> 00:19:55,240 Speaker 1: that we see from this administration. UM. But also again 379 00:19:55,280 --> 00:19:57,760 Speaker 1: just putting his head down and getting the job done, 380 00:19:58,119 --> 00:20:00,600 Speaker 1: not worrying about who gets there it or even who 381 00:20:00,680 --> 00:20:03,640 Speaker 1: gets the blame, because ultimately we get past that all 382 00:20:03,680 --> 00:20:05,840 Speaker 1: of that, if we get past COVID, all of that 383 00:20:05,920 --> 00:20:08,280 Speaker 1: takes care of itself. All right, let's reset here as 384 00:20:08,320 --> 00:20:11,040 Speaker 1: we're away from President Trump. Uh, I just want to 385 00:20:11,080 --> 00:20:13,520 Speaker 1: get to this red headline that crossed just at the 386 00:20:13,560 --> 00:20:17,040 Speaker 1: top of the hour on the Bloomberg terminal, Maderna vaccine 387 00:20:17,119 --> 00:20:21,080 Speaker 1: produced antibodies in all patients that were tested. All right, 388 00:20:21,119 --> 00:20:23,560 Speaker 1: let's give some optimism, folks. Come on, you heard this 389 00:20:23,600 --> 00:20:29,119 Speaker 1: on Bloomberg. Ready, Maderna inks COVID nineteen vaccine produced antibodies 390 00:20:29,160 --> 00:20:33,320 Speaker 1: to the coronavirus and all patients tested in an initial 391 00:20:33,480 --> 00:20:37,680 Speaker 1: safety trial. Federal researchers said, I'm reading from my colleague 392 00:20:38,080 --> 00:20:42,760 Speaker 1: Robert Langreaths reporting on the Bloomberg terminal the neutralize. The 393 00:20:42,840 --> 00:20:47,280 Speaker 1: neutralizing antibody levels produced were equivalent to the upper half 394 00:20:47,359 --> 00:20:49,600 Speaker 1: of what's seen and patients who get infected with the 395 00:20:49,680 --> 00:20:53,119 Speaker 1: virus and recover. According to the results published Tuesday in 396 00:20:53,119 --> 00:20:56,040 Speaker 1: the New England Journal of Medicine, the Maderna vaccine is 397 00:20:56,080 --> 00:21:00,320 Speaker 1: one of the farthest along for COVID nineteen. Right, So 398 00:21:00,400 --> 00:21:06,840 Speaker 1: some some positive developments on the UH on the vaccination front, 399 00:21:06,840 --> 00:21:10,840 Speaker 1: and remember Dr Faucci. Dr Faucci has said that he 400 00:21:10,920 --> 00:21:15,240 Speaker 1: still thinks that the vaccine could be in the It 401 00:21:15,240 --> 00:21:17,160 Speaker 1: could be in development by the end of the year. 402 00:21:17,200 --> 00:21:20,520 Speaker 1: So they're on pace again. A red headline crossing the 403 00:21:20,520 --> 00:21:23,840 Speaker 1: Bloomberg terminal just twenty four minutes ago that Maderna vaccine 404 00:21:23,840 --> 00:21:27,040 Speaker 1: has produced antibodies and all of the patients that have 405 00:21:27,119 --> 00:21:31,080 Speaker 1: been tested. So you know, it's gonna get interesting. And 406 00:21:31,160 --> 00:21:33,840 Speaker 1: I look at this, Kristen, the real okay, because it's 407 00:21:34,240 --> 00:21:36,040 Speaker 1: this is the part of my job that I struggle with, 408 00:21:36,119 --> 00:21:39,400 Speaker 1: right because from a human perspective, Let's get a vaccine. 409 00:21:39,480 --> 00:21:42,240 Speaker 1: Let's make sure that everyone has access to the vaccine. Okay, 410 00:21:42,359 --> 00:21:44,480 Speaker 1: Now let's look at it. Let's put on the political 411 00:21:44,600 --> 00:21:47,960 Speaker 1: analysis cap just for a second, Kristen, and let me 412 00:21:48,000 --> 00:21:52,800 Speaker 1: ask you this. Economists are saying that there is a 413 00:21:52,880 --> 00:21:55,960 Speaker 1: stepped up recovery, that the recovery could begin and ernst 414 00:21:56,080 --> 00:21:58,080 Speaker 1: at the end of the third quarter, at the beginning 415 00:21:58,080 --> 00:22:00,920 Speaker 1: of the fourth, i e. Around the election. And now 416 00:22:00,960 --> 00:22:03,240 Speaker 1: you've got these news and these headlines that are about 417 00:22:03,240 --> 00:22:06,600 Speaker 1: to come out with regards to a vaccine. There are 418 00:22:06,600 --> 00:22:10,480 Speaker 1: two unknowns. Timing of the vaccine, timing of the recovery. 419 00:22:10,800 --> 00:22:14,960 Speaker 1: This election is far from over, is it not. Oh yeah, 420 00:22:15,040 --> 00:22:17,320 Speaker 1: I mean I think anybody who's ever worked in politics, 421 00:22:17,680 --> 00:22:20,600 Speaker 1: it's a it's a lifetime between now and November. Um 422 00:22:20,680 --> 00:22:23,160 Speaker 1: so yes, I would just say one thing about the vaccine. 423 00:22:23,320 --> 00:22:26,879 Speaker 1: And I know that the pharmaceutical companies tend to be 424 00:22:26,920 --> 00:22:29,840 Speaker 1: punching bags a lot, but I mean what the private 425 00:22:29,880 --> 00:22:33,320 Speaker 1: sector in general, but particularly the the pharmaceutical industry has 426 00:22:33,359 --> 00:22:36,560 Speaker 1: stepped up and done UM with regard to COVID Night 427 00:22:36,600 --> 00:22:38,600 Speaker 1: Team is pretty remarkable. And you look at companies like 428 00:22:38,640 --> 00:22:40,679 Speaker 1: Madanna and then you look at you know, Astra Zeneca 429 00:22:40,840 --> 00:22:44,359 Speaker 1: partnering with Oxford, they really have stepped up UM and 430 00:22:44,400 --> 00:22:47,560 Speaker 1: it's really encouraging to see what our private sectors has done. 431 00:22:47,600 --> 00:22:51,160 Speaker 1: But yeah, it is. It's a lifetime between now and November. UM. 432 00:22:51,320 --> 00:22:55,000 Speaker 1: I think all politics with local people still. Though healthcare 433 00:22:55,080 --> 00:22:59,080 Speaker 1: is always a major issue for for voters, it's obviously 434 00:22:59,160 --> 00:23:02,359 Speaker 1: more so now. UM. So I think as long as 435 00:23:02,840 --> 00:23:05,040 Speaker 1: you know Biden and then all the way down to 436 00:23:05,600 --> 00:23:09,040 Speaker 1: the state, local candidates are talking about, UM, you know 437 00:23:09,080 --> 00:23:11,080 Speaker 1: what people want to hear, what we're doing now, how 438 00:23:11,359 --> 00:23:16,280 Speaker 1: UM we're gonna address getting back to normal whatever that 439 00:23:16,320 --> 00:23:18,600 Speaker 1: looks like. UM is what people want to hear, and 440 00:23:18,600 --> 00:23:20,199 Speaker 1: they want people with a clearer vision of how to 441 00:23:20,200 --> 00:23:23,520 Speaker 1: do that in immediate term. Wow, and here's another red 442 00:23:23,520 --> 00:23:26,359 Speaker 1: headline that our executive producer Christine Barrada just alerted to 443 00:23:26,400 --> 00:23:29,880 Speaker 1: me and brought to my attention, Justice Ginsburg has been 444 00:23:29,960 --> 00:23:35,240 Speaker 1: hospitalized with possible infection. Again, if you're just joining us, 445 00:23:35,720 --> 00:23:41,800 Speaker 1: just Justice Ginsburg has been hospitalized with possible infection. Christine, 446 00:23:41,800 --> 00:23:43,479 Speaker 1: if you're if you're listening, do you know what the 447 00:23:43,480 --> 00:23:45,479 Speaker 1: infection is? If you tell me in the chat, I 448 00:23:45,480 --> 00:23:48,159 Speaker 1: can bring it. As she's saying, as of now, we 449 00:23:48,240 --> 00:23:50,199 Speaker 1: don't know what type of infection. So I want to 450 00:23:50,200 --> 00:23:53,840 Speaker 1: be crystal clear here, uh that we don't know what 451 00:23:54,040 --> 00:23:57,719 Speaker 1: the cause is. But Justice Ginsburg has been hospitalized. This 452 00:23:57,800 --> 00:24:00,960 Speaker 1: is another issue, Doug, that the President has to utilize 453 00:24:01,200 --> 00:24:03,520 Speaker 1: over the past couple of weeks, making the Supreme Court 454 00:24:03,520 --> 00:24:06,879 Speaker 1: an issue that would mobilize some of his some of 455 00:24:06,960 --> 00:24:11,359 Speaker 1: his base. Yeah. Absolutely, if you go back to probably 456 00:24:11,359 --> 00:24:16,480 Speaker 1: no issue mobilized conservatives, certainly conservative Christian evangelical voters for 457 00:24:16,480 --> 00:24:20,320 Speaker 1: Trump more than the issue of judges, both federal judges 458 00:24:20,359 --> 00:24:23,919 Speaker 1: and Supreme Court judges. What we don't know is is 459 00:24:23,960 --> 00:24:28,439 Speaker 1: that enthusiasm lesson now one because we've almost completely filled 460 00:24:28,440 --> 00:24:32,320 Speaker 1: the slate of federal judges, We've gotten to Supreme Court 461 00:24:32,400 --> 00:24:36,400 Speaker 1: justices in on the Republican side, and so our conservatives 462 00:24:36,480 --> 00:24:39,040 Speaker 1: are they stated with this, especially given that there's well 463 00:24:39,320 --> 00:24:41,480 Speaker 1: and and the side current of this being there's some 464 00:24:41,560 --> 00:24:45,600 Speaker 1: disappointment in recent rulings UM where Neil Gorsich and Judge 465 00:24:45,680 --> 00:24:49,280 Speaker 1: Roberts voted basically with the liberal side of the court. 466 00:24:50,240 --> 00:24:53,000 Speaker 1: And the other question is has the Brett Cavital nomination 467 00:24:53,560 --> 00:24:56,640 Speaker 1: really fired up Democrats in a way that sustained Certainly 468 00:24:56,680 --> 00:25:00,080 Speaker 1: if if the presidential election were a week after the 469 00:25:00,119 --> 00:25:04,159 Speaker 1: Capital hearing, Democrats would be very mobilized and energized on 470 00:25:04,200 --> 00:25:07,760 Speaker 1: the issue of judges. We don't know if they're going 471 00:25:07,800 --> 00:25:10,480 Speaker 1: to be able to sustain that um this far out. 472 00:25:10,680 --> 00:25:13,320 Speaker 1: But this is if if anything happens with Justice Ginsburg 473 00:25:13,720 --> 00:25:15,679 Speaker 1: and this issue comes up from time to time, if 474 00:25:15,680 --> 00:25:19,840 Speaker 1: she had a few hospitalizations, it always becomes an inflection point. 475 00:25:20,440 --> 00:25:25,920 Speaker 1: You've been listening to President Trump addressing reporters in at 476 00:25:25,920 --> 00:25:28,480 Speaker 1: the White House. He of course announced that he will, 477 00:25:28,560 --> 00:25:31,359 Speaker 1: in fact, or he has already in fact signed that 478 00:25:31,480 --> 00:25:36,119 Speaker 1: bipartisan piece of legislation that allows for UH the US 479 00:25:36,200 --> 00:25:40,159 Speaker 1: to sanction any Chinese officials who have been supportive of 480 00:25:40,200 --> 00:25:45,440 Speaker 1: the Communist Party of China's so called National security laws. Meanwhile, 481 00:25:45,480 --> 00:25:48,720 Speaker 1: the President then went on to draw a contrast for 482 00:25:49,400 --> 00:25:54,280 Speaker 1: his his handling of COVID nineteen pandemic versus the Obama 483 00:25:54,280 --> 00:25:58,879 Speaker 1: administration's handling of H one and one. My name is 484 00:25:58,960 --> 00:26:01,879 Speaker 1: Kevin Ceillian, that Washington correspondent from Bloomberg TV and from 485 00:26:01,880 --> 00:26:05,359 Speaker 1: Bloomberg Radio. I want to bring in our expert guests, 486 00:26:05,359 --> 00:26:09,199 Speaker 1: Stephen Kyle. He is an associate professor in the Charles H. 487 00:26:09,400 --> 00:26:13,840 Speaker 1: Dyson School of Applied Economics and Management at Cornell University. 488 00:26:14,000 --> 00:26:18,000 Speaker 1: Professor Kyle, thank you for joining us. What precisely does 489 00:26:18,119 --> 00:26:21,719 Speaker 1: this bill allow for the United States to do in 490 00:26:21,840 --> 00:26:25,600 Speaker 1: terms of sanctioning officials who have been supportive of the 491 00:26:25,600 --> 00:26:29,080 Speaker 1: Communist Party for their so called national security policies with 492 00:26:29,160 --> 00:26:34,040 Speaker 1: Hong Kong. Well, it allows us to deny them travel 493 00:26:34,080 --> 00:26:36,399 Speaker 1: to the US, and we also can put pressure on 494 00:26:36,400 --> 00:26:39,159 Speaker 1: our allies to deny them uh the ability to go 495 00:26:39,280 --> 00:26:42,359 Speaker 1: there as well. One thing to remember about any of this, though, 496 00:26:42,760 --> 00:26:48,120 Speaker 1: is anything we do uh to uh hurt the Chinese, 497 00:26:48,200 --> 00:26:50,639 Speaker 1: they will retaliate. So this won't be the end of 498 00:26:50,640 --> 00:26:53,760 Speaker 1: the story. I I hear you on that point. So 499 00:26:53,800 --> 00:26:58,280 Speaker 1: what can we from an from a financial perspective anticipate 500 00:26:58,400 --> 00:27:03,840 Speaker 1: that Shi Jingping respond to President Trump with well that 501 00:27:03,840 --> 00:27:07,200 Speaker 1: that is more difficult to say, because the the root 502 00:27:07,320 --> 00:27:11,320 Speaker 1: of the problems he was talking about today are basically political. 503 00:27:11,440 --> 00:27:15,520 Speaker 1: It's China's takeover of Hong Kong and China's treatment of 504 00:27:15,720 --> 00:27:19,800 Speaker 1: minorities like the weakers. So those aren't directly in and 505 00:27:19,840 --> 00:27:24,560 Speaker 1: of themselves economic issues, except that Hong Kong of course, 506 00:27:25,359 --> 00:27:27,879 Speaker 1: used to have prey preferences with us, and now they 507 00:27:27,920 --> 00:27:32,120 Speaker 1: won't because according to the administration, they are being absorbed 508 00:27:32,160 --> 00:27:35,840 Speaker 1: into the overall Chinese economy, and so there's no reason 509 00:27:35,880 --> 00:27:39,359 Speaker 1: to treat them separately. UH. That may well be the case. 510 00:27:39,800 --> 00:27:42,800 Speaker 1: It may well be that the Chinese government decided that 511 00:27:42,840 --> 00:27:44,919 Speaker 1: this was the moment they had the best chance of 512 00:27:45,000 --> 00:27:47,000 Speaker 1: having their way in Hong Kong, and that's why they're 513 00:27:47,000 --> 00:27:50,720 Speaker 1: pushing pushing now to do what they're doing. Professor Kyle, 514 00:27:51,320 --> 00:27:53,200 Speaker 1: you know this better than anyone, and you're and you're 515 00:27:53,200 --> 00:27:58,600 Speaker 1: one of the most well respected UH experts in this 516 00:27:58,720 --> 00:28:03,119 Speaker 1: field of particularly in the academia world. What pressure, in 517 00:28:03,320 --> 00:28:08,840 Speaker 1: simple terms, does She Jing Ping face domestically in China 518 00:28:08,880 --> 00:28:12,800 Speaker 1: from the business community in China. There was reporting on 519 00:28:12,840 --> 00:28:14,920 Speaker 1: the Bloomberg terminal, And in fact, I just pulled it 520 00:28:15,040 --> 00:28:18,880 Speaker 1: up the chart on my Bloomberg terminal that suggests that 521 00:28:18,960 --> 00:28:23,399 Speaker 1: today the selling of China stocks by overseas investors hidden 522 00:28:23,440 --> 00:28:27,199 Speaker 1: all time high. Wow, they're cashing out in terms of 523 00:28:27,600 --> 00:28:31,199 Speaker 1: overseas investments in China. Uh. And And there's also this 524 00:28:31,240 --> 00:28:33,600 Speaker 1: thought process in the economic world, as I'm sure you 525 00:28:33,640 --> 00:28:36,680 Speaker 1: know that the US has been trying, not just the 526 00:28:36,880 --> 00:28:40,080 Speaker 1: Trump administration, but the United States has been trying to 527 00:28:41,080 --> 00:28:44,280 Speaker 1: really maybe take a play out of the playbook that 528 00:28:44,320 --> 00:28:47,840 Speaker 1: they've done for Tehran, which is to really beg for 529 00:28:48,000 --> 00:28:52,360 Speaker 1: US investors to ask themselves, is Beijing is the Communist 530 00:28:52,400 --> 00:28:55,520 Speaker 1: Party of China? Are is this really a safe haven 531 00:28:55,560 --> 00:28:58,480 Speaker 1: to invest in? And the riskier that that gets over 532 00:28:58,520 --> 00:29:01,960 Speaker 1: the long term, will that only increase the pressure on 533 00:29:02,040 --> 00:29:07,000 Speaker 1: shi jing Ping amongst the elite in China? Well, two 534 00:29:07,040 --> 00:29:10,640 Speaker 1: comments there. First, Trump did say, I think it was 535 00:29:10,760 --> 00:29:13,520 Speaker 1: yesterday or the day before that Phase two of a 536 00:29:13,600 --> 00:29:17,040 Speaker 1: China trade deal is not going to happen. So if 537 00:29:17,480 --> 00:29:20,560 Speaker 1: I were to say, well, what's the subtext of this 538 00:29:20,600 --> 00:29:24,040 Speaker 1: move in the market people dumping Chinese stocks, I'd say 539 00:29:24,040 --> 00:29:27,040 Speaker 1: it's a vote against increased international trade in the future. 540 00:29:27,640 --> 00:29:31,280 Speaker 1: Um globalization seems to have ground to a halt and 541 00:29:31,400 --> 00:29:34,480 Speaker 1: is in danger of going backwards. As far as the 542 00:29:34,600 --> 00:29:39,200 Speaker 1: China Iran comparison, China is not Iran. China is a 543 00:29:39,280 --> 00:29:42,760 Speaker 1: quarter of the people on the planet. And while we 544 00:29:42,920 --> 00:29:48,880 Speaker 1: could actually sink the Iranian economy and not suffer drastically ourselves, 545 00:29:49,120 --> 00:29:51,960 Speaker 1: we can't do that to China. They are too big 546 00:29:52,000 --> 00:29:56,480 Speaker 1: and too apartment in the globe for their failure not 547 00:29:56,680 --> 00:29:59,560 Speaker 1: to have secondary effects on the rest of us. So 548 00:29:59,680 --> 00:30:03,080 Speaker 1: here hear you on that, and I'm paraphrasing Eli Lakes 549 00:30:03,160 --> 00:30:06,360 Speaker 1: reporting on Bloomberg Opinion. But so let me follow up 550 00:30:06,360 --> 00:30:08,720 Speaker 1: with a better crafter question. I hear you, I hear 551 00:30:08,800 --> 00:30:12,240 Speaker 1: that point, right, But Professor Kyle, China also can't afford 552 00:30:12,280 --> 00:30:14,360 Speaker 1: to to to kind of stick it to us as 553 00:30:14,440 --> 00:30:16,720 Speaker 1: much because we're still number one. Yes, I get it, 554 00:30:16,800 --> 00:30:19,560 Speaker 1: their number two, but you know, we're still number one, 555 00:30:19,560 --> 00:30:21,360 Speaker 1: and they still have to, you know, deal with the 556 00:30:21,400 --> 00:30:25,800 Speaker 1: United States economy and the US ends, the US consumer. 557 00:30:25,920 --> 00:30:28,960 Speaker 1: And let us not forget that that populism streak of 558 00:30:29,000 --> 00:30:31,360 Speaker 1: Made in America exists not just on the right in 559 00:30:31,400 --> 00:30:34,840 Speaker 1: Trump space, but also on the progressive left right. You're 560 00:30:35,360 --> 00:30:37,960 Speaker 1: absolutely right, There is a deal to be made here 561 00:30:38,040 --> 00:30:41,120 Speaker 1: because we both need each other. They need us to 562 00:30:41,160 --> 00:30:44,240 Speaker 1: be the purchasers of the things they're making, and we 563 00:30:44,360 --> 00:30:46,600 Speaker 1: get a lot of stuff, not to mention a lot 564 00:30:46,640 --> 00:30:49,720 Speaker 1: of it. You know, coronavirus type supplies from them, and 565 00:30:50,040 --> 00:30:53,920 Speaker 1: it's not just that. So we could grasp each other 566 00:30:54,080 --> 00:30:57,880 Speaker 1: in a downward des spile of eliminating trade. It wouldn't. 567 00:30:57,920 --> 00:31:01,840 Speaker 1: Because I'm an optimist, Professor Kyle, I'm an Optimist's come on, 568 00:31:01,880 --> 00:31:03,760 Speaker 1: we got like two minutes left and you're talking about 569 00:31:03,760 --> 00:31:06,760 Speaker 1: a downward death spiral of things getting I'm saying we 570 00:31:06,760 --> 00:31:12,240 Speaker 1: could do that, but let's reject that. Right. But what 571 00:31:12,600 --> 00:31:15,720 Speaker 1: I would hope happens at this is there are legitimate 572 00:31:15,760 --> 00:31:19,000 Speaker 1: problems with MALTH creating a million leaguers of taking over 573 00:31:19,040 --> 00:31:22,760 Speaker 1: Hong Kong. Those are not small issues and they deserve 574 00:31:23,720 --> 00:31:26,640 Speaker 1: a response from us, and this is what we're getting. 575 00:31:26,640 --> 00:31:28,800 Speaker 1: It might not have been what I would have chosen, 576 00:31:28,880 --> 00:31:31,760 Speaker 1: but that there had to be a response seems pretty clear, 577 00:31:32,640 --> 00:31:35,280 Speaker 1: all right, Professor Kyle, I very much appreciate you coming 578 00:31:35,280 --> 00:31:38,160 Speaker 1: on and talking about this. Please please please come back 579 00:31:38,200 --> 00:31:41,520 Speaker 1: on and join our panel, because you were absolutely brilliant 580 00:31:41,520 --> 00:31:43,000 Speaker 1: in terms of how you break this down. And I 581 00:31:43,080 --> 00:31:45,640 Speaker 1: didn't have enough time to ask you about India China relations, 582 00:31:45,840 --> 00:31:47,760 Speaker 1: and that was something I wanted to get to. Stephen Kyle, 583 00:31:47,800 --> 00:31:51,040 Speaker 1: Associate Professor and the Charles H. Dyson School of Applied 584 00:31:51,080 --> 00:31:54,640 Speaker 1: Economics and Management at Cornell University. And you know what, Professor, 585 00:31:54,760 --> 00:31:57,080 Speaker 1: I think you're an optimist. Even though you're talking about 586 00:31:57,080 --> 00:32:00,240 Speaker 1: downward death spirals. I'm gonna say that I still think 587 00:32:00,400 --> 00:32:02,440 Speaker 1: you're an optimist, and I'll pull that out of here. Yes, 588 00:32:02,760 --> 00:32:05,320 Speaker 1: there's money on the table and we could just figure 589 00:32:05,360 --> 00:32:07,320 Speaker 1: out how to divide it up, we'd all be better off. 590 00:32:08,400 --> 00:32:10,960 Speaker 1: There you go. I'm Kevin Cirelli. She watching your correspondents 591 00:32:10,960 --> 00:32:13,400 Speaker 1: to Woomberg TV and radio. Thanks for listening. Check in 592 00:32:13,440 --> 00:32:16,840 Speaker 1: with me tomorrow. Looked out for policy politics as personality 593 00:32:17,000 --> 00:32:27,960 Speaker 1: you're listening to Bloomberg is not any n one