1 00:00:01,800 --> 00:00:06,280 Speaker 1: Now from our nation's capital. This is Bloomberg sound on. 2 00:00:07,440 --> 00:00:10,800 Speaker 1: We are actually going to do the largest infrastructure bill 3 00:00:10,920 --> 00:00:15,720 Speaker 1: ever in America's history. The more extraordinary the extraordinary measures get, 4 00:00:15,880 --> 00:00:19,400 Speaker 1: the harder it is to put pressure on Congress. Bloomberg 5 00:00:19,600 --> 00:00:24,320 Speaker 1: sound on, Politics, Policy and perspective from DC's top names. 6 00:00:24,320 --> 00:00:28,520 Speaker 1: Why wouldn't you try a primary against President Biden if 7 00:00:28,560 --> 00:00:30,600 Speaker 1: he were to decide to run against you? Guys know 8 00:00:30,720 --> 00:00:32,720 Speaker 1: you speak to over the hc an audience, But death 9 00:00:32,720 --> 00:00:37,200 Speaker 1: ceiling is a completely manufactured Cristis Bloomberg Sound on with 10 00:00:37,360 --> 00:00:44,239 Speaker 1: Joe Matthew on Bloomberg Radio. Inevitable. The single word headline 11 00:00:44,240 --> 00:00:47,120 Speaker 1: on the Bloomberg News app right now is the USCS 12 00:00:47,200 --> 00:00:51,599 Speaker 1: its first confirmed case of a macron confirmed today by 13 00:00:51,640 --> 00:00:54,240 Speaker 1: the CDC. We'll have the latest for you and what 14 00:00:54,360 --> 00:00:57,480 Speaker 1: the arrival of this new variant means for politics and 15 00:00:57,520 --> 00:00:59,640 Speaker 1: for the economy. And we're gonna start with one of 16 00:00:59,680 --> 00:01:03,040 Speaker 1: the most important individuals in keeping the gears turning in 17 00:01:03,040 --> 00:01:06,360 Speaker 1: our economy right now, White House port Envoy John Porcari 18 00:01:06,440 --> 00:01:08,680 Speaker 1: will be with us. In just a moment. We're hearing 19 00:01:08,680 --> 00:01:11,280 Speaker 1: more rumblings about a possible government shut down the end 20 00:01:11,319 --> 00:01:13,199 Speaker 1: of this week, Are you serious. We'll have the real 21 00:01:13,200 --> 00:01:17,199 Speaker 1: story though ahead, with Bloomberg Government's Emily Wilkins and Jack Fitzpatrick. 22 00:01:17,200 --> 00:01:19,080 Speaker 1: They've been on the hill all day digging into this 23 00:01:19,560 --> 00:01:22,560 Speaker 1: and the panel. Bloomberg Politics contributor Rick Davis is here 24 00:01:22,560 --> 00:01:26,240 Speaker 1: along with Democratic strategist Jim Kessler, co founder of Third Way. 25 00:01:26,240 --> 00:01:27,920 Speaker 1: They'll be around for the hour. When I was in 26 00:01:27,959 --> 00:01:31,640 Speaker 1: the White House briefing room today when Dr Anthony Faucci 27 00:01:31,680 --> 00:01:36,040 Speaker 1: walked out of the Lower Press Office alongside Press Secretary Jensaki, 28 00:01:36,160 --> 00:01:40,319 Speaker 1: a room full as the doctor hit the podium. The 29 00:01:40,400 --> 00:01:44,399 Speaker 1: California and San Francisco Departments of Public Health and the 30 00:01:44,480 --> 00:01:48,040 Speaker 1: c d C have confirmed that a recent case of 31 00:01:48,080 --> 00:01:52,720 Speaker 1: COVID nineteen among an individual in California was caused by 32 00:01:52,760 --> 00:01:58,280 Speaker 1: the omicron variant. The individual was fully vaccinated and experienced 33 00:01:58,320 --> 00:02:02,640 Speaker 1: miles symptoms, which are improving at this point. That was 34 00:02:02,800 --> 00:02:07,760 Speaker 1: mid afternoon today, Dr Fauci confirming the news that so 35 00:02:07,800 --> 00:02:10,320 Speaker 1: many people have been waiting for. We knew that it 36 00:02:10,400 --> 00:02:13,640 Speaker 1: was just a matter of time before the first case 37 00:02:13,680 --> 00:02:16,560 Speaker 1: of a macron would be detected in the United States, 38 00:02:17,000 --> 00:02:20,600 Speaker 1: hence the headline inevitable. He told us that person did 39 00:02:20,600 --> 00:02:23,400 Speaker 1: not get a booster. We later learned the individual was 40 00:02:23,600 --> 00:02:27,400 Speaker 1: in San Francisco, and this news dropped after President Biden 41 00:02:27,400 --> 00:02:30,600 Speaker 1: addressed the nation on the supply chain shortage, pointing to 42 00:02:30,919 --> 00:02:34,800 Speaker 1: progress at ports on the West Coast, where operations have 43 00:02:34,919 --> 00:02:39,679 Speaker 1: gone to help ease the crun of the goods that 44 00:02:39,840 --> 00:02:42,600 Speaker 1: come into the country on the West Coast come through 45 00:02:42,720 --> 00:02:47,760 Speaker 1: two ports, Los Angeles and Long Beach to help releave congestion. 46 00:02:47,880 --> 00:02:50,639 Speaker 1: I brought together labor and management and asked them to 47 00:02:50,760 --> 00:02:54,520 Speaker 1: step up and cooperate more to move forward and operating 48 00:02:54,600 --> 00:02:58,359 Speaker 1: those ports not five days week, forty hours a week, 49 00:02:58,400 --> 00:03:01,240 Speaker 1: but twenty four hours a day, seven days a week. 50 00:03:01,400 --> 00:03:03,160 Speaker 1: Of course, it was only a couple hours later we 51 00:03:03,280 --> 00:03:05,440 Speaker 1: heard about the first case, and there are new concerns, 52 00:03:05,520 --> 00:03:08,040 Speaker 1: very real concerns about how the new variant may challenge 53 00:03:08,120 --> 00:03:11,240 Speaker 1: that progress in our supply chains. And that's where we 54 00:03:11,280 --> 00:03:14,600 Speaker 1: begin today with the man President Biden put in charge 55 00:03:14,600 --> 00:03:17,400 Speaker 1: of solving the whole port issue a couple of months ago, 56 00:03:17,480 --> 00:03:20,839 Speaker 1: John Porkari, port envoy to the White House Supply Chain 57 00:03:20,919 --> 00:03:25,400 Speaker 1: Disruptions Task Force. Welcome to Bloomberg Radio. Thank you. I 58 00:03:25,440 --> 00:03:27,560 Speaker 1: want to ask you about the progress the administration is 59 00:03:27,560 --> 00:03:30,200 Speaker 1: reporting from our ports. We heard some good things today 60 00:03:30,280 --> 00:03:32,640 Speaker 1: from President Biden, but of course a lot of that 61 00:03:32,680 --> 00:03:35,280 Speaker 1: progress rides on labor, the workforce, and there are a 62 00:03:35,280 --> 00:03:37,000 Speaker 1: lot of people worried today, as I'm sure you know 63 00:03:37,040 --> 00:03:41,160 Speaker 1: that this new COVID variant could slow down the worker recovery. 64 00:03:41,160 --> 00:03:44,120 Speaker 1: Are you modeling new scenarios now that a macron has 65 00:03:44,200 --> 00:03:48,960 Speaker 1: arrived in the US. Well, we've throughout the pandemic and 66 00:03:49,720 --> 00:03:54,240 Speaker 1: the tapering of the pandemic, we've been actually looking at 67 00:03:54,240 --> 00:03:57,440 Speaker 1: ways to make the supply chain more resilient. And it's 68 00:03:57,440 --> 00:03:59,720 Speaker 1: worth pointing out, for example, that the law enform and 69 00:04:00,320 --> 00:04:05,120 Speaker 1: UH we're frontline workers through the entire pandemic, lost twenty 70 00:04:05,160 --> 00:04:08,880 Speaker 1: workers to the pandemic UH and kept on working. So 71 00:04:09,200 --> 00:04:13,200 Speaker 1: we're trying to make sure we're prepared for every eventuality. UH. 72 00:04:13,280 --> 00:04:15,320 Speaker 1: One of the best things we can do is all 73 00:04:15,320 --> 00:04:18,240 Speaker 1: make sure we go out there and get vaccinated. What 74 00:04:18,279 --> 00:04:22,360 Speaker 1: would do travel restrictions mean for the supply chain, specifically 75 00:04:22,400 --> 00:04:24,760 Speaker 1: if there's a direct connection there. I'm curious to hear 76 00:04:24,800 --> 00:04:27,640 Speaker 1: you talk about that. Particularly among our biggest trading partners 77 00:04:27,640 --> 00:04:34,120 Speaker 1: in Asia and Europe. During the pandemic UH a year ago, 78 00:04:34,320 --> 00:04:37,599 Speaker 1: there were real disruptions to the supply chain when, for example, 79 00:04:37,680 --> 00:04:41,760 Speaker 1: courts in China closed for two weeks at a time. Uh. 80 00:04:41,960 --> 00:04:45,719 Speaker 1: Those kind of impacts could happen again at any time, 81 00:04:46,240 --> 00:04:49,159 Speaker 1: which is what makes it so important for us to 82 00:04:49,200 --> 00:04:51,840 Speaker 1: build a more resilient goods movement change for the future. 83 00:04:52,640 --> 00:04:55,320 Speaker 1: Almost half the nation's imports arrived through the ports of 84 00:04:55,440 --> 00:04:57,840 Speaker 1: l A and Long Beach. As the President reminded us today, 85 00:04:57,839 --> 00:05:00,360 Speaker 1: how concerned are you about this first case is being 86 00:05:00,360 --> 00:05:05,080 Speaker 1: reported in California? Well, we're well, we're taking it as 87 00:05:05,120 --> 00:05:09,760 Speaker 1: it comes, and obviously the public health professionals are mobilized 88 00:05:09,839 --> 00:05:13,479 Speaker 1: and working hard on this issue. What we can do 89 00:05:13,600 --> 00:05:17,440 Speaker 1: is make sure that the goods movement chain progress that 90 00:05:17,520 --> 00:05:20,800 Speaker 1: we've made, and we've made considerable progress over the last 91 00:05:20,800 --> 00:05:24,599 Speaker 1: couple of months, UH continues and we don't have any setbacks. 92 00:05:25,080 --> 00:05:27,119 Speaker 1: Well before we move on, am I reading you write 93 00:05:27,120 --> 00:05:30,280 Speaker 1: that you feel fairly prepared based on what's already been done, 94 00:05:30,320 --> 00:05:32,719 Speaker 1: or are you putting new precautions in place to be 95 00:05:32,800 --> 00:05:37,440 Speaker 1: prepared for a new variant with the the cautions and 96 00:05:37,839 --> 00:05:41,360 Speaker 1: the precautions that served us so well, uh, so far 97 00:05:42,040 --> 00:05:47,120 Speaker 1: in the pandemic, our baseline going forward and We'll make 98 00:05:47,160 --> 00:05:53,320 Speaker 1: adaptations as we need to, but again, making sure that 99 00:05:53,240 --> 00:05:57,800 Speaker 1: that vaccination is as widespread as humanly possible is a 100 00:05:57,920 --> 00:06:01,479 Speaker 1: real imperative going forward. We're talking with the White House 101 00:06:01,560 --> 00:06:04,880 Speaker 1: Support Envoy John Porcari, and I heard your name mentioned 102 00:06:04,880 --> 00:06:08,440 Speaker 1: today by Mario Cordero, the executive director of the Port 103 00:06:08,440 --> 00:06:10,600 Speaker 1: of Long Beach. He was talking here on Bloomberg as 104 00:06:10,600 --> 00:06:13,320 Speaker 1: a matter of fact, and he described a loosening at 105 00:06:13,360 --> 00:06:15,080 Speaker 1: the port when he mentioned your name. Listen to what 106 00:06:15,120 --> 00:06:17,200 Speaker 1: he said. There is a lot of consumer demand, which 107 00:06:17,240 --> 00:06:20,000 Speaker 1: is good news for economy. And on the other hand, 108 00:06:20,040 --> 00:06:23,960 Speaker 1: in terms of the progress I'm seeing obviously the containers 109 00:06:24,000 --> 00:06:27,160 Speaker 1: that were at our terminals and particularly the empty containers 110 00:06:27,160 --> 00:06:30,680 Speaker 1: that were dwelling there. Because of the initiatives of the 111 00:06:30,720 --> 00:06:34,920 Speaker 1: White House and specifically UH White House UH Envoy Paccari, 112 00:06:35,120 --> 00:06:37,800 Speaker 1: John Paccari, we've been able to get the stakeholders to 113 00:06:37,880 --> 00:06:41,320 Speaker 1: move this cargo at a pace of reducing empty container 114 00:06:41,400 --> 00:06:45,200 Speaker 1: dwell here at a pace of thirty percent. How much 115 00:06:45,200 --> 00:06:49,600 Speaker 1: of that increase that improvement is due to seven Operations 116 00:06:49,640 --> 00:06:54,480 Speaker 1: or there are other factors involved. Seven operations is are 117 00:06:54,480 --> 00:06:56,920 Speaker 1: a big part of it, because that's where the capacity 118 00:06:57,000 --> 00:07:00,640 Speaker 1: is that's where we can quickly ramp up capacity. But 119 00:07:00,800 --> 00:07:05,359 Speaker 1: we've tried to squeeze additional UH capacity out of the 120 00:07:05,400 --> 00:07:08,680 Speaker 1: system wherever we possibly can. And it's a series of 121 00:07:08,800 --> 00:07:12,320 Speaker 1: operational improvements, all of which work at the margins, Joe, 122 00:07:12,360 --> 00:07:14,720 Speaker 1: But these margins add up. Do you think the ports 123 00:07:14,760 --> 00:07:17,960 Speaker 1: of Long Beach in l A Will implement a container 124 00:07:18,080 --> 00:07:22,760 Speaker 1: dwell fee at this point? Well, we would define success 125 00:07:22,760 --> 00:07:27,120 Speaker 1: if not imposing the fee, because the threat of it 126 00:07:27,120 --> 00:07:31,120 Speaker 1: has really opened up the ports and made people work 127 00:07:31,200 --> 00:07:34,680 Speaker 1: together in a way that they haven't before. Uh. The 128 00:07:35,320 --> 00:07:37,560 Speaker 1: point was not to collect revenue. The point was to 129 00:07:37,640 --> 00:07:43,200 Speaker 1: actually incentivize everyone to work together. It's been a tremendous success. UH, 130 00:07:43,240 --> 00:07:47,360 Speaker 1: And I personally would define success is never having to 131 00:07:48,120 --> 00:07:51,160 Speaker 1: impose that fee. We've heard a lot about a trucker shortage, 132 00:07:51,160 --> 00:07:53,920 Speaker 1: a driver shortage, that it's very difficult to find enough 133 00:07:53,960 --> 00:07:57,640 Speaker 1: people licensed who can drive overnight. How bad is that 134 00:07:57,720 --> 00:08:00,400 Speaker 1: challenge and what are you doing to deal with it? Well, 135 00:08:00,400 --> 00:08:05,520 Speaker 1: when when people think about the UH challenges seven, they 136 00:08:05,520 --> 00:08:08,280 Speaker 1: tend to focus on the ports, rightly so, but it's 137 00:08:08,320 --> 00:08:11,720 Speaker 1: the entire goods movement Chaine. So UH making sure that 138 00:08:12,240 --> 00:08:16,880 Speaker 1: UH that there's UH both trucks and truckers. Making sure 139 00:08:16,920 --> 00:08:21,560 Speaker 1: that uh, the labor, the longshoreman who are actually doing 140 00:08:21,560 --> 00:08:25,520 Speaker 1: the work on the docks UH is important. But it's 141 00:08:25,600 --> 00:08:29,200 Speaker 1: also as important to make sure that the warehouses, the 142 00:08:29,280 --> 00:08:33,720 Speaker 1: distribution centers, the fulfillment centers are moving towards seven as well, 143 00:08:33,800 --> 00:08:37,719 Speaker 1: because it doesn't help to have round the clock capacity 144 00:08:38,120 --> 00:08:41,080 Speaker 1: at the port end if the other end of the 145 00:08:41,080 --> 00:08:44,280 Speaker 1: goods distribution chain can't accommodate it. Well. So where are 146 00:08:44,280 --> 00:08:48,240 Speaker 1: we in the ballgame here, Envoy Parkari? Have we bottomed out? 147 00:08:48,240 --> 00:08:50,800 Speaker 1: Have we seen the worst? It seems like the messaging 148 00:08:51,200 --> 00:08:53,160 Speaker 1: from the White House from the President today when he 149 00:08:53,240 --> 00:08:56,080 Speaker 1: spoke was one of great optimism. How do you feel 150 00:08:56,080 --> 00:08:59,840 Speaker 1: going into the holiday shopping season. I'm very optimistic going 151 00:08:59,880 --> 00:09:03,080 Speaker 1: in of the holiday shopping season, and UH, it's important 152 00:09:03,120 --> 00:09:06,600 Speaker 1: to realize that while we've made a lot of gains 153 00:09:06,640 --> 00:09:09,960 Speaker 1: together and the good movement system is working far better 154 00:09:10,000 --> 00:09:12,920 Speaker 1: than it did several months ago, we need to build 155 00:09:12,920 --> 00:09:16,439 Speaker 1: on that. We need to actually rebuild differently and better 156 00:09:16,480 --> 00:09:20,320 Speaker 1: than we did before. So the next inevitable upset might 157 00:09:20,360 --> 00:09:23,280 Speaker 1: be a natural disaster, it might be an economic event 158 00:09:23,320 --> 00:09:26,560 Speaker 1: in another country, no matter what it is, our supply 159 00:09:26,640 --> 00:09:28,640 Speaker 1: chain is not as vulnerable as it has been in 160 00:09:28,679 --> 00:09:30,680 Speaker 1: the past. What is it that keeps you up at 161 00:09:30,760 --> 00:09:33,319 Speaker 1: night right now? What's your biggest concern about this supply 162 00:09:33,400 --> 00:09:37,160 Speaker 1: chain and it's and its fragility. Well, as we as 163 00:09:37,200 --> 00:09:39,680 Speaker 1: we make gains in the supply chain and is more 164 00:09:39,720 --> 00:09:43,040 Speaker 1: fluid and we pick up velocity in moving goods, Joe, 165 00:09:43,440 --> 00:09:47,160 Speaker 1: I think ironically, one of the biggest threats and what 166 00:09:47,360 --> 00:09:49,480 Speaker 1: keeps me up at night is that will just move 167 00:09:49,520 --> 00:09:52,640 Speaker 1: on to something else and not finish the job of 168 00:09:52,800 --> 00:09:57,200 Speaker 1: rebuilding for the future. Supply chain. It's the foundation for 169 00:09:57,240 --> 00:09:59,839 Speaker 1: our future economy, not just today's, but our children's and 170 00:09:59,880 --> 00:10:02,400 Speaker 1: our grandchildren. So is this going to be kind of 171 00:10:02,440 --> 00:10:06,080 Speaker 1: the new normal? Then? That oversized demand for goods that 172 00:10:06,160 --> 00:10:08,600 Speaker 1: we're now suddenly experiencing is going to have to be 173 00:10:08,600 --> 00:10:10,520 Speaker 1: managed for the long term or do you see that 174 00:10:10,880 --> 00:10:13,000 Speaker 1: beginning to right itself maybe a year or two down 175 00:10:13,080 --> 00:10:15,679 Speaker 1: the road, that we're getting back to a more manageable 176 00:10:15,760 --> 00:10:18,960 Speaker 1: demand level. I see the demand that we have today 177 00:10:19,080 --> 00:10:22,000 Speaker 1: is the baseline for the future, and uh, it's a 178 00:10:22,120 --> 00:10:24,920 Speaker 1: It's a great problem to have because it means our 179 00:10:24,920 --> 00:10:29,280 Speaker 1: economy is roaring back. It means that the economic recovery 180 00:10:29,480 --> 00:10:34,480 Speaker 1: has been faster than uh most people anticipated, and it 181 00:10:34,559 --> 00:10:38,559 Speaker 1: needs Americans are getting back to work. So UH, let's 182 00:10:38,640 --> 00:10:41,559 Speaker 1: make sure we build more capacity and the goods movement 183 00:10:41,640 --> 00:10:45,680 Speaker 1: chained for the economy of the future, not just today's. Everyone, 184 00:10:45,720 --> 00:10:48,800 Speaker 1: as the President said today, is looking for something they 185 00:10:48,800 --> 00:10:51,079 Speaker 1: can't get around the holidays. I don't know if it's 186 00:10:51,120 --> 00:10:53,520 Speaker 1: cabbage patch kids or Beanie babies this year or whatever. 187 00:10:53,559 --> 00:10:56,160 Speaker 1: Outside of the extreme scenarios. Can you tell the American 188 00:10:56,200 --> 00:10:58,280 Speaker 1: people that they will likely be able to get with 189 00:10:58,320 --> 00:11:00,720 Speaker 1: this with this much notice, say a month ahead of Christmas. 190 00:11:01,040 --> 00:11:05,800 Speaker 1: What it is they are looking for for their their shopping, Well, 191 00:11:06,240 --> 00:11:09,640 Speaker 1: there's a greater variety of goods and certainly greater volume 192 00:11:09,720 --> 00:11:13,640 Speaker 1: of goods available today than there ever have been before. Uh. 193 00:11:14,360 --> 00:11:17,360 Speaker 1: That bodes well for the holiday season, It bodes well 194 00:11:17,400 --> 00:11:20,840 Speaker 1: to the economy. UH. And I think we all ought 195 00:11:20,920 --> 00:11:23,559 Speaker 1: to also take a deep breath and just be thankful 196 00:11:23,640 --> 00:11:28,720 Speaker 1: for friends and family. Uh. And UH, the pandemic that 197 00:11:28,760 --> 00:11:31,560 Speaker 1: we are getting through together is not slow this down 198 00:11:31,559 --> 00:11:33,760 Speaker 1: at all. He's got one of the most important jobs 199 00:11:33,880 --> 00:11:36,640 Speaker 1: in our economy right now. John Parkari, Report Envoy to 200 00:11:36,679 --> 00:11:39,760 Speaker 1: the White House Supply Chain Disruptions Task Force. We've been 201 00:11:39,760 --> 00:11:42,160 Speaker 1: looking forward to speaking with you and asking some questions. 202 00:11:42,720 --> 00:11:45,320 Speaker 1: Envoy park Cary, thanks very much for your insights today 203 00:11:45,400 --> 00:11:49,440 Speaker 1: on Bloomberg Radio. My pleasure. Thanks Joe. I think maybe 204 00:11:49,440 --> 00:11:51,800 Speaker 1: I dated myself with the Cabbage Batch kid reference, but 205 00:11:51,840 --> 00:11:54,679 Speaker 1: President Biden started that today. Now for a little perspective, 206 00:11:54,760 --> 00:11:58,720 Speaker 1: forty nine container vessels are anchored off the coasts of 207 00:11:59,360 --> 00:12:02,520 Speaker 1: l A and Long Beach as of late yesterday, and 208 00:12:02,600 --> 00:12:05,320 Speaker 1: improvement from the more than eighty that we're out there 209 00:12:05,360 --> 00:12:07,440 Speaker 1: in line a few weeks ago. Coming up, we assembled 210 00:12:07,440 --> 00:12:09,640 Speaker 1: a panel for more on all of this. The first 211 00:12:09,720 --> 00:12:12,800 Speaker 1: case confirmed in the US, and we'll talk about it 212 00:12:12,800 --> 00:12:16,240 Speaker 1: with Bloomberg Politics contributor Rick Davis, along with Democratic strategist 213 00:12:16,360 --> 00:12:19,440 Speaker 1: Jim Kessler, co founder of Third Way. I'm Joe Matthew. 214 00:12:19,559 --> 00:12:26,360 Speaker 1: This is Bloomberg. This is Bloomberg, So long with Joe 215 00:12:26,440 --> 00:12:31,959 Speaker 1: Matthew on Bloomberg Radio. The headline of the terminal Biden 216 00:12:32,040 --> 00:12:36,040 Speaker 1: sees progress in supply chain crisis and made faster inflation. 217 00:12:36,920 --> 00:12:40,080 Speaker 1: Jenny Leonard writing the presidencies higher inflation as a natural 218 00:12:40,120 --> 00:12:44,760 Speaker 1: byproduct of the global economies recovery from the pandemic Okay, 219 00:12:44,760 --> 00:12:46,880 Speaker 1: we heard from the president earlier today, But what happens 220 00:12:46,880 --> 00:12:50,480 Speaker 1: when you add o Macron to the mix. Let's bring 221 00:12:50,520 --> 00:12:53,199 Speaker 1: in the panel to talk it out. As we're joined 222 00:12:53,240 --> 00:12:57,320 Speaker 1: by Bloomberg Politics contributor Rick Davis and Jim Kessler's with 223 00:12:57,360 --> 00:13:00,600 Speaker 1: Us Today co founder Third Way Democratic strategist Form legislative 224 00:13:00,640 --> 00:13:03,679 Speaker 1: policy director for Senator Chuck Schumer. It's great to have 225 00:13:03,920 --> 00:13:06,000 Speaker 1: both of you with us here. Rick. We just spoke 226 00:13:06,040 --> 00:13:08,720 Speaker 1: to the Port envoy. This is the man in charge here, 227 00:13:09,800 --> 00:13:12,720 Speaker 1: and I asked him, as you heard about modeling different 228 00:13:12,760 --> 00:13:15,760 Speaker 1: scenarios here with oh Maicron. It sounds to me like 229 00:13:15,840 --> 00:13:18,560 Speaker 1: the administration feels like it's done a lot of work 230 00:13:18,600 --> 00:13:21,440 Speaker 1: on this already and it's waiting for more news. How 231 00:13:21,440 --> 00:13:26,560 Speaker 1: disruptive could this be? Well, if the news is bad news, 232 00:13:26,640 --> 00:13:30,400 Speaker 1: in other words, requiring even more effort by this administration 233 00:13:30,440 --> 00:13:32,800 Speaker 1: to stem the spread. Now that we have our first 234 00:13:32,840 --> 00:13:36,319 Speaker 1: identified case in the United States, it could scare off 235 00:13:36,320 --> 00:13:38,480 Speaker 1: people from returning to the job market. And if it 236 00:13:38,520 --> 00:13:40,880 Speaker 1: scares off people from returning to the job market, that 237 00:13:40,880 --> 00:13:43,679 Speaker 1: could actually put even more pressure on the supply chain 238 00:13:44,240 --> 00:13:46,400 Speaker 1: that the envoys trying to do the best you can 239 00:13:46,480 --> 00:13:49,720 Speaker 1: to strap together and deliver goods and services, you know, 240 00:13:49,800 --> 00:13:52,960 Speaker 1: to the to the people selling them who are actually 241 00:13:53,800 --> 00:13:56,160 Speaker 1: under a lot of stress and demand for those goods 242 00:13:56,160 --> 00:14:00,880 Speaker 1: and services. So it could have a very i'd say 243 00:14:02,559 --> 00:14:06,720 Speaker 1: a problematic effect on the growing economy. Uh if if 244 00:14:06,760 --> 00:14:09,120 Speaker 1: people decide that they don't want to be in a 245 00:14:09,280 --> 00:14:15,360 Speaker 1: job spots because of their potential exposure to the new omicron, 246 00:14:15,559 --> 00:14:18,040 Speaker 1: and these can be you know, pretty close proximity jobs. 247 00:14:18,600 --> 00:14:21,000 Speaker 1: Jim Kessler, It was quite a commotion today inside the 248 00:14:21,000 --> 00:14:23,680 Speaker 1: West Wing when it became clear that this was this 249 00:14:23,760 --> 00:14:26,360 Speaker 1: was breaking news. And it was only a couple of 250 00:14:26,400 --> 00:14:30,120 Speaker 1: moments later when Dr Fauci walked out with the Press secretary. 251 00:14:30,200 --> 00:14:32,160 Speaker 1: Even though we knew it was coming, we knew what 252 00:14:32,200 --> 00:14:34,840 Speaker 1: he was going to tell us, there was there was 253 00:14:34,880 --> 00:14:38,800 Speaker 1: a real uh hush that came over the room, and 254 00:14:38,840 --> 00:14:41,360 Speaker 1: there was a sense of drama that came with this. 255 00:14:41,440 --> 00:14:44,200 Speaker 1: I wonder how seriously you're taking this? He says, it's inevitable, 256 00:14:44,360 --> 00:14:47,120 Speaker 1: everyone did expect it, But when it actually happens, how 257 00:14:47,240 --> 00:14:51,320 Speaker 1: much of a problem is this for the administration? Well, look, 258 00:14:51,400 --> 00:14:53,440 Speaker 1: we had a recession that was like no other because 259 00:14:53,480 --> 00:14:56,040 Speaker 1: it was pandemic. Lad, we've had a recovery that's like 260 00:14:56,160 --> 00:14:59,000 Speaker 1: no other because it was bringing a patient that was 261 00:14:59,040 --> 00:15:03,000 Speaker 1: like in a medically induced coma back to life. And 262 00:15:03,280 --> 00:15:06,400 Speaker 1: you know, and I think it brought some difficulties. Definitely, 263 00:15:06,400 --> 00:15:09,680 Speaker 1: supply chains and inflation we're part of that. And then 264 00:15:11,440 --> 00:15:14,720 Speaker 1: it feels like America had this and the world had 265 00:15:14,760 --> 00:15:17,960 Speaker 1: this false hope that maybe we were through the whole thing. 266 00:15:18,600 --> 00:15:22,440 Speaker 1: So this, you know, you know, this just felt like 267 00:15:22,920 --> 00:15:29,120 Speaker 1: a gigantic bomber. Okay, but we're in yes, but we're 268 00:15:29,120 --> 00:15:32,960 Speaker 1: in better shape than we were two years ago. We 269 00:15:33,000 --> 00:15:37,000 Speaker 1: know what to do. There are vaccines that um at 270 00:15:37,000 --> 00:15:41,240 Speaker 1: this point that they may work with this variant. They 271 00:15:41,240 --> 00:15:44,240 Speaker 1: may work just as well, the may work almost as well. 272 00:15:44,480 --> 00:15:49,840 Speaker 1: The pharmaceutical industries are looking to make the vaccine even 273 00:15:49,880 --> 00:15:52,760 Speaker 1: better for this variant. We don't know if this variant 274 00:15:52,800 --> 00:15:56,440 Speaker 1: is going to outpace the delta variants. So a lot 275 00:15:56,440 --> 00:15:59,320 Speaker 1: of uncertainties. And I think right now we're all looking 276 00:15:59,400 --> 00:16:01,520 Speaker 1: at the glass is half empty, and there could be 277 00:16:01,560 --> 00:16:04,200 Speaker 1: a half false scenario. Okay, that's good, was but but 278 00:16:04,280 --> 00:16:06,160 Speaker 1: while we're half empty here, there are a lot of 279 00:16:06,160 --> 00:16:09,280 Speaker 1: concerns about inflation being made worse by this right that 280 00:16:09,600 --> 00:16:12,800 Speaker 1: the labor crunch will become more intense. And Jim, just 281 00:16:12,920 --> 00:16:15,520 Speaker 1: yesterday I was talking with Rick and with with Genie 282 00:16:15,600 --> 00:16:18,080 Speaker 1: or Are, a Democrat on the panel. We've spoken with 283 00:16:18,160 --> 00:16:21,440 Speaker 1: lawmakers this week. Everyone seems to feel like this challenges 284 00:16:21,920 --> 00:16:24,480 Speaker 1: the economic agenda at this White House, that there will 285 00:16:24,520 --> 00:16:29,320 Speaker 1: be less appetite to spend a lot more. Is that true, Well, 286 00:16:29,360 --> 00:16:31,920 Speaker 1: I don't know. I think it's it's too early to say. 287 00:16:32,080 --> 00:16:34,720 Speaker 1: And in its impact on inflation, it's going to work 288 00:16:34,760 --> 00:16:37,600 Speaker 1: both ways. Rick was right, there's going to be issues 289 00:16:37,680 --> 00:16:40,960 Speaker 1: with the labor force and whether people want to participate 290 00:16:41,080 --> 00:16:43,840 Speaker 1: in that, and that is definitely one of the driving 291 00:16:43,920 --> 00:16:49,320 Speaker 1: factors of rising costs and inflation. It also means things 292 00:16:49,360 --> 00:16:51,840 Speaker 1: like oil and gas prices are going to drop because 293 00:16:51,840 --> 00:16:55,720 Speaker 1: there's going to be you know, less travel. So we're 294 00:16:55,720 --> 00:16:59,000 Speaker 1: going to see things working both ways. I can tell 295 00:16:59,040 --> 00:17:02,680 Speaker 1: you if businesses are going to have to shut down 296 00:17:02,840 --> 00:17:05,240 Speaker 1: and if we're gonna have to close down the economy 297 00:17:05,320 --> 00:17:07,800 Speaker 1: for a period of time, my hope is we don't 298 00:17:08,600 --> 00:17:12,320 Speaker 1: we better be spending money to make sure those businesses 299 00:17:12,359 --> 00:17:15,879 Speaker 1: can stay afloat like we did in Like we're gonna 300 00:17:16,000 --> 00:17:18,320 Speaker 1: have to do that. Whether there's an appetite to do 301 00:17:18,359 --> 00:17:22,719 Speaker 1: that or not. Hopefully we won't, which could challenge the 302 00:17:22,760 --> 00:17:25,800 Speaker 1: social spending plan. But Rick, the President needs to talk 303 00:17:25,840 --> 00:17:28,800 Speaker 1: about this tomorrow. He's promised us an update, he said 304 00:17:28,840 --> 00:17:30,359 Speaker 1: this Monday when he came out. I'll talk to you 305 00:17:30,440 --> 00:17:32,600 Speaker 1: Thursday about the way we're gonna handle COVID. We're gonna 306 00:17:32,600 --> 00:17:35,880 Speaker 1: fight the virus through the winter. I know he needs 307 00:17:35,920 --> 00:17:38,120 Speaker 1: to say something, but if we're still two weeks, two 308 00:17:38,119 --> 00:17:40,360 Speaker 1: weeks away from having data, how much can he say? 309 00:17:40,400 --> 00:17:44,320 Speaker 1: How much confidence can he project in a moment like that. Yeah, 310 00:17:44,359 --> 00:17:47,440 Speaker 1: I think this is all about dealing with the perception 311 00:17:47,920 --> 00:17:51,440 Speaker 1: of what's happening out there, not the practicality of what's happening. 312 00:17:51,440 --> 00:17:53,720 Speaker 1: I think Jim just mentioned a number of things that 313 00:17:53,760 --> 00:17:57,040 Speaker 1: are practically happening right and and the reality is that, 314 00:17:57,200 --> 00:17:59,439 Speaker 1: you know, the economy does need to move forward and 315 00:17:59,640 --> 00:18:01,920 Speaker 1: is moving forward. And actually some of these things have 316 00:18:01,960 --> 00:18:04,680 Speaker 1: in order to give us lower gas prices potentially into 317 00:18:04,680 --> 00:18:07,760 Speaker 1: the winter, which is good for consumers and people who 318 00:18:07,800 --> 00:18:10,120 Speaker 1: have home heating oil. And and there are a lot 319 00:18:10,160 --> 00:18:12,960 Speaker 1: of good practical things happening. The October jobs report was 320 00:18:13,000 --> 00:18:16,760 Speaker 1: really positive, but nobody's feeling that consumer confidence is at 321 00:18:16,760 --> 00:18:19,920 Speaker 1: all time low. People think the country is off on 322 00:18:19,960 --> 00:18:24,080 Speaker 1: the wrong track. By se they mark down Biden's handling 323 00:18:24,119 --> 00:18:27,040 Speaker 1: the economy to one of the worst in modern history. 324 00:18:27,200 --> 00:18:30,159 Speaker 1: And so he's got an optics problem and tomorrow he 325 00:18:30,200 --> 00:18:33,240 Speaker 1: needs to start, you know, changing that. Well, we're gonna 326 00:18:33,240 --> 00:18:36,280 Speaker 1: be talking a lot about that tomorrow, as I read 327 00:18:36,320 --> 00:18:38,520 Speaker 1: on the terminal, Although there is likely enough support from 328 00:18:38,520 --> 00:18:40,959 Speaker 1: GOP senators to pass a stop gap, and that's what 329 00:18:41,000 --> 00:18:44,679 Speaker 1: we need here, God forbid we write a budget and 330 00:18:44,840 --> 00:18:48,040 Speaker 1: pass it stop gap to get beyond Friday. That's the deadline. 331 00:18:48,400 --> 00:18:51,439 Speaker 1: Any One senator can demand extra procedural steps in the 332 00:18:51,480 --> 00:18:55,119 Speaker 1: Senate that can drag on for nearly a week. And 333 00:18:55,160 --> 00:18:58,960 Speaker 1: so we're talking about a possible shutdown here, as it 334 00:18:59,040 --> 00:19:01,159 Speaker 1: could come from an for by a group of GOP 335 00:19:01,280 --> 00:19:05,199 Speaker 1: senators to link support for the measure to halting funding 336 00:19:05,400 --> 00:19:09,359 Speaker 1: for President Biden's vaccine or test workplace rule. Some call 337 00:19:09,440 --> 00:19:13,240 Speaker 1: a mandate, other calls a requirement. But we go to 338 00:19:13,280 --> 00:19:15,159 Speaker 1: the Hill from more on this to find out what's real. Right. 339 00:19:15,640 --> 00:19:17,960 Speaker 1: We hear these shutdown stories a lot, but let's see 340 00:19:17,960 --> 00:19:21,320 Speaker 1: what's really happening. Bloomberg Government's Jack Fitzpatrick is with us 341 00:19:21,760 --> 00:19:24,280 Speaker 1: along with Emily Wilkins. They've been on the hill all day, 342 00:19:24,320 --> 00:19:26,120 Speaker 1: as they are just about every day. And Jack, I'll 343 00:19:26,119 --> 00:19:28,920 Speaker 1: start with you, how real is this threat and how 344 00:19:28,920 --> 00:19:31,000 Speaker 1: long would a shutdown be if if it did occur. 345 00:19:32,440 --> 00:19:35,359 Speaker 1: There's a very significant threat of a shutdown that would 346 00:19:35,359 --> 00:19:40,000 Speaker 1: probably be pretty short. As you mentioned, a single senator 347 00:19:40,080 --> 00:19:42,840 Speaker 1: can come up the works and require you know, you 348 00:19:42,920 --> 00:19:46,040 Speaker 1: do the math. There could be they could require sixty 349 00:19:46,119 --> 00:19:52,040 Speaker 1: votes basically of debate, sixty hours of debate even if 350 00:19:52,040 --> 00:19:54,560 Speaker 1: they have sixty votes to end debate, and we don't 351 00:19:54,560 --> 00:19:58,600 Speaker 1: even have sixty hours left before Friday night's deadline, So 352 00:19:58,600 --> 00:20:02,320 Speaker 1: there could be a s weekend shut down or something 353 00:20:02,359 --> 00:20:07,000 Speaker 1: along those lines, unless there's a pretty surprising deal. We 354 00:20:07,119 --> 00:20:10,399 Speaker 1: heard from Senator Roger Marshall who says he wants an 355 00:20:10,440 --> 00:20:13,280 Speaker 1: amendment vote or something in the stop gap to block 356 00:20:13,440 --> 00:20:17,000 Speaker 1: the vaccine rule. Uh and and he doesn't even want 357 00:20:17,000 --> 00:20:19,199 Speaker 1: a sixty vote threshold in the Senate on that, He 358 00:20:19,240 --> 00:20:21,840 Speaker 1: just wants a simple majority. I'm not sure Democrats want 359 00:20:21,920 --> 00:20:24,160 Speaker 1: to give him that. So there's a lot of hardball 360 00:20:24,240 --> 00:20:27,359 Speaker 1: being played and there's just not an apparent solution to it. 361 00:20:27,920 --> 00:20:31,520 Speaker 1: And he alone could take us probably into a weekend 362 00:20:31,600 --> 00:20:34,320 Speaker 1: shutdown or something short. So this would be to send 363 00:20:34,320 --> 00:20:37,720 Speaker 1: a message obviously, right. We heard from Senator Mike Braun 364 00:20:38,040 --> 00:20:42,120 Speaker 1: on Balance of Power earlier today and and he made 365 00:20:42,119 --> 00:20:44,360 Speaker 1: clear he said Republicans are left holding the bag where 366 00:20:44,359 --> 00:20:46,040 Speaker 1: they get the blame for it. We should never be 367 00:20:46,119 --> 00:20:48,680 Speaker 1: shutting the government down. But he was also very sympathetic 368 00:20:49,480 --> 00:20:51,879 Speaker 1: to some of the thoughts that's that's that these Republicans 369 00:20:51,920 --> 00:20:54,919 Speaker 1: have as a result of this. Do they want to 370 00:20:54,960 --> 00:20:57,440 Speaker 1: pull funding for that plan as I'm reading here, Jack, 371 00:20:57,520 --> 00:21:01,600 Speaker 1: or it would be banned somehow in that amend. Yeah, 372 00:21:01,640 --> 00:21:04,960 Speaker 1: so they don't really it's not a funding issue. But 373 00:21:05,280 --> 00:21:08,240 Speaker 1: any time you have a must pass piece of legislation, 374 00:21:09,000 --> 00:21:12,760 Speaker 1: you can attach a rider and say no funds shall 375 00:21:12,800 --> 00:21:15,840 Speaker 1: be used for this regulation. And then there's always at 376 00:21:15,920 --> 00:21:18,840 Speaker 1: least a dollar you're paying somebody's salary who carries it out. 377 00:21:19,080 --> 00:21:21,600 Speaker 1: So effectively they can they can make it. They can 378 00:21:21,640 --> 00:21:26,160 Speaker 1: put this policy provision that would ban the ocean rule 379 00:21:26,720 --> 00:21:29,679 Speaker 1: in this spending measure, even though it's not really about money. 380 00:21:30,280 --> 00:21:34,520 Speaker 1: That's what the goal is. And Senator Marshall is the one, 381 00:21:35,119 --> 00:21:37,840 Speaker 1: along with I believe Mike Lee and Ted Cruz saying 382 00:21:37,880 --> 00:21:40,600 Speaker 1: that should be inserted into this stop gap. And yet 383 00:21:40,680 --> 00:21:43,399 Speaker 1: there are a number of Republicans who don't think that 384 00:21:43,440 --> 00:21:45,800 Speaker 1: this is the right way to do it. But we're 385 00:21:45,920 --> 00:21:49,600 Speaker 1: so late and close to the deadline that again, a 386 00:21:49,680 --> 00:21:53,399 Speaker 1: single senator can can stick this up and uh and 387 00:21:53,680 --> 00:21:57,080 Speaker 1: probably get us into a brief shutdown. All right, Emily Wilkins, 388 00:21:57,200 --> 00:22:00,480 Speaker 1: the blame game would ensue immediately because I'm assuming this 389 00:22:00,480 --> 00:22:03,200 Speaker 1: would catch a lot of people by surprise. Not everybody 390 00:22:03,240 --> 00:22:05,920 Speaker 1: is in this minutes a minute like our listeners here 391 00:22:05,920 --> 00:22:09,719 Speaker 1: on Bloomberg Radio. Uh. I'm sure there's gonna be some 392 00:22:09,800 --> 00:22:12,560 Speaker 1: fans here, some conservatives will will be able to raise 393 00:22:12,600 --> 00:22:15,040 Speaker 1: money on this and so forth. But Republicans could also 394 00:22:15,160 --> 00:22:18,360 Speaker 1: end up being blamed, as Senator Bron said, Emily, Yeah, 395 00:22:18,400 --> 00:22:20,800 Speaker 1: that's sort of the risk that's being run here. How 396 00:22:20,880 --> 00:22:23,000 Speaker 1: do you sort of balance, you know, taking a stand 397 00:22:23,000 --> 00:22:26,560 Speaker 1: against vaccine mandates versus being blamed for a government shutdown. 398 00:22:27,080 --> 00:22:30,000 Speaker 1: I mean, it is notable that this isn't all Republicans 399 00:22:30,000 --> 00:22:32,879 Speaker 1: who are supportive of a government shutdown. The number of 400 00:22:32,880 --> 00:22:34,960 Speaker 1: them do want the government it's a pretty small number 401 00:22:34,960 --> 00:22:37,199 Speaker 1: to be fair, right, Well, it's got to be at 402 00:22:37,240 --> 00:22:39,960 Speaker 1: least ten um. I mean, you've even heard Mitch McConnell 403 00:22:40,000 --> 00:22:42,359 Speaker 1: coming out today saying that you know he wasn't he 404 00:22:42,840 --> 00:22:45,280 Speaker 1: has not been speaking in support of a shutdown at 405 00:22:45,280 --> 00:22:47,680 Speaker 1: this point, and I mean, all you really need is 406 00:22:47,680 --> 00:22:50,600 Speaker 1: is the ten Republicans to join with Democrats. Yes, it 407 00:22:50,720 --> 00:22:53,040 Speaker 1: might mean that we don't hit that Friday deadline. Yes 408 00:22:53,119 --> 00:22:55,600 Speaker 1: it might mean me head into a weekend shutdown. But 409 00:22:55,680 --> 00:22:57,639 Speaker 1: if it's just the weekend and then they come in 410 00:22:57,720 --> 00:23:00,280 Speaker 1: Monday Tuesday and there aren't able to pass at that 411 00:23:00,359 --> 00:23:03,560 Speaker 1: short term spending limit with the help of some center 412 00:23:03,600 --> 00:23:07,320 Speaker 1: Republicans they only need ten um, then the effects of 413 00:23:07,359 --> 00:23:09,960 Speaker 1: the shutdown they might wind up being, you know, a 414 00:23:10,040 --> 00:23:12,119 Speaker 1: little bit smaller. It's not going to be something that 415 00:23:12,160 --> 00:23:15,680 Speaker 1: necessarily drags for two three weeks and winds up really 416 00:23:15,720 --> 00:23:19,320 Speaker 1: having major disruption. Emily, you cover the leadership on Capitol Hill. 417 00:23:19,720 --> 00:23:21,919 Speaker 1: When do they start squawking about this, When do we 418 00:23:21,960 --> 00:23:24,639 Speaker 1: start hearing warnings so people know that this might be coming. 419 00:23:25,400 --> 00:23:28,080 Speaker 1: I mean, there's definitely already a high level of concerted 420 00:23:28,200 --> 00:23:31,120 Speaker 1: I think Jack laid out the timeline really well. They're 421 00:23:31,160 --> 00:23:33,520 Speaker 1: aware of exactly how long this is going to take. 422 00:23:33,840 --> 00:23:36,400 Speaker 1: And even though they're going to be continuing to work 423 00:23:36,400 --> 00:23:38,439 Speaker 1: tonight on trying to figure out the details of this 424 00:23:38,600 --> 00:23:40,879 Speaker 1: that they know that to a certain extent, time is 425 00:23:40,920 --> 00:23:43,480 Speaker 1: run out. So I think it's it's really only a 426 00:23:43,480 --> 00:23:46,360 Speaker 1: matter of time until we start seeing the official warnings 427 00:23:46,400 --> 00:23:48,680 Speaker 1: coming out, let you know, letting people know that, hey, 428 00:23:48,720 --> 00:23:51,280 Speaker 1: we need to start preparing for this, uh, and we 429 00:23:51,320 --> 00:23:53,840 Speaker 1: need to start figuring out what the lawmakers need to 430 00:23:53,880 --> 00:23:55,840 Speaker 1: figure out what their weekends are going to start looking like, 431 00:23:55,920 --> 00:23:57,399 Speaker 1: and if they're going to be heading home or if 432 00:23:57,400 --> 00:24:00,760 Speaker 1: they're going to be sticking around for for a long 433 00:24:00,800 --> 00:24:03,240 Speaker 1: weekend while they hash the rest of this out. Hey, Jack, 434 00:24:03,280 --> 00:24:06,639 Speaker 1: is there another lever for Senate Majority Leader Chuck Schumer 435 00:24:06,640 --> 00:24:09,280 Speaker 1: to pull here? Something short of of of agreeing to 436 00:24:09,359 --> 00:24:12,159 Speaker 1: kill this this vaccine rule, is there's something else that 437 00:24:12,200 --> 00:24:14,680 Speaker 1: would sweet the deal for Republicans so they would back 438 00:24:14,720 --> 00:24:17,800 Speaker 1: off and let this pass. So we don't know if 439 00:24:17,840 --> 00:24:20,200 Speaker 1: this would work yet, but one thing we know has 440 00:24:20,240 --> 00:24:24,800 Speaker 1: been discussed that is being considered by these conservatives is 441 00:24:24,880 --> 00:24:29,280 Speaker 1: a separate vote on the Congressional Review Act procedure to 442 00:24:29,600 --> 00:24:33,960 Speaker 1: repeal a regulation. That would be a weaker measure for 443 00:24:34,000 --> 00:24:37,880 Speaker 1: these conservatives because that's subject to veto by the president. 444 00:24:38,040 --> 00:24:41,040 Speaker 1: So what they're talking about now is attaching it to 445 00:24:41,080 --> 00:24:44,400 Speaker 1: this stopgap measure, using that as their leverage. But yes, 446 00:24:44,480 --> 00:24:47,000 Speaker 1: there has been a conversation about a separate vote that 447 00:24:47,200 --> 00:24:50,080 Speaker 1: doesn't risk a shutdown, and if people want to back 448 00:24:50,200 --> 00:24:52,560 Speaker 1: off and say well at least I got this vote, 449 00:24:52,760 --> 00:24:55,560 Speaker 1: that's still a possibility. So there's not a guarantee that 450 00:24:55,600 --> 00:24:58,840 Speaker 1: it's a shutdown. But really they are talking about using 451 00:24:58,880 --> 00:25:01,600 Speaker 1: this stop gap as average right now, when do we 452 00:25:01,640 --> 00:25:03,760 Speaker 1: find out? Emily just come down to the wire Friday night? 453 00:25:04,640 --> 00:25:08,679 Speaker 1: I mean that that's what the pattern is, right. They 454 00:25:08,880 --> 00:25:11,360 Speaker 1: tend to pass a lot of important stuff at eleven 455 00:25:11,720 --> 00:25:15,840 Speaker 1: eleven pm midnight on a Friday. So I mean certainly 456 00:25:15,880 --> 00:25:18,160 Speaker 1: you're you're seeing the lawmakers. You will continue to work 457 00:25:18,160 --> 00:25:21,240 Speaker 1: on this um no even lawmakers talking to days idea. 458 00:25:21,280 --> 00:25:24,480 Speaker 1: We're still working. There's no So you know where to 459 00:25:24,520 --> 00:25:26,640 Speaker 1: find Jack and Emily on Friday night. Thank you guys, 460 00:25:26,760 --> 00:25:32,040 Speaker 1: Jack Fitzpatrick, Emily Wilkins, Bloomberg, Government's crack Capitol Hill team, 461 00:25:32,119 --> 00:25:34,600 Speaker 1: the real scoop here. You will not get that kind 462 00:25:34,600 --> 00:25:36,840 Speaker 1: of detail anywhere else. But that's why you're already listening. 463 00:25:36,840 --> 00:25:39,879 Speaker 1: Of course, you've got to hear Press Secretary Jen Saki 464 00:25:39,920 --> 00:25:44,040 Speaker 1: connect the dots between the shutdown and the Trump positive test. 465 00:25:44,119 --> 00:25:49,639 Speaker 1: That's next. This is Bloomberg. You're listening to Bloomberg. You 466 00:25:49,760 --> 00:25:55,920 Speaker 1: sound on with Joe Matthew on Bloomberg Radio. Well, we 467 00:25:56,000 --> 00:25:58,399 Speaker 1: got the straight scoop from Jack and Emily on this 468 00:25:58,480 --> 00:26:01,119 Speaker 1: possible shutdown. It's not a lot of players. Emily made 469 00:26:01,160 --> 00:26:04,200 Speaker 1: a great point. We're talking about maybe a half dozen, 470 00:26:04,640 --> 00:26:10,159 Speaker 1: four or five Republican senators potentially slowing things down to 471 00:26:10,200 --> 00:26:12,160 Speaker 1: a shutdown on Friday. And I want to hear from 472 00:26:12,160 --> 00:26:14,240 Speaker 1: the panel on this. You know, these two gentlemen who 473 00:26:14,280 --> 00:26:17,960 Speaker 1: are with us on the panel today lived through many 474 00:26:18,000 --> 00:26:21,880 Speaker 1: throws like this and actually survived several shutdowns in both 475 00:26:21,880 --> 00:26:23,840 Speaker 1: of their careers in the Senate. That would be Bloomberg 476 00:26:23,920 --> 00:26:27,720 Speaker 1: Politics contributor Rick Davis and Jim Kessler's with us today, 477 00:26:27,800 --> 00:26:30,920 Speaker 1: Democratic strategist. He's now with Third Way. Well, he's the 478 00:26:30,960 --> 00:26:34,560 Speaker 1: co founder, was one time legislative policy director for Senator 479 00:26:34,640 --> 00:26:37,959 Speaker 1: Chuck Schumer. So start us off here, Rick, what's your 480 00:26:38,000 --> 00:26:42,280 Speaker 1: thought on shutting down the government over the vaccine mandate 481 00:26:42,320 --> 00:26:44,320 Speaker 1: for starters? And are we just playing around? Is this 482 00:26:44,359 --> 00:26:46,680 Speaker 1: about raising money? And sending emails or are we really 483 00:26:46,680 --> 00:26:50,800 Speaker 1: gonna go through this whole thing again? Yeah? No, Uh, 484 00:26:50,880 --> 00:26:53,280 Speaker 1: there's no such thing as a good government shutdown. So 485 00:26:53,760 --> 00:26:56,119 Speaker 1: if anybody's gonna raise money on it, it's it's usually 486 00:26:56,640 --> 00:27:00,720 Speaker 1: a very short term benefit. I lived through, as you described, 487 00:27:01,240 --> 00:27:03,920 Speaker 1: a government shutdown when I was helping to run Bob 488 00:27:03,960 --> 00:27:08,320 Speaker 1: Dole's presidential campaign in New Gangridge. Thought it was brilliant 489 00:27:08,600 --> 00:27:10,720 Speaker 1: to shut down the government, and it was a disaster 490 00:27:10,800 --> 00:27:13,480 Speaker 1: for Bob Dole, whose name was on the ballot that 491 00:27:13,560 --> 00:27:17,439 Speaker 1: year for president, not not New Gangridge, although by the 492 00:27:17,480 --> 00:27:19,240 Speaker 1: end of that campaign, you know, thought New Gangridge was 493 00:27:19,240 --> 00:27:22,880 Speaker 1: our running mate, uh, by the way it was handled. 494 00:27:23,200 --> 00:27:25,160 Speaker 1: So so yeah, I mean I've seen it up close 495 00:27:25,200 --> 00:27:27,880 Speaker 1: and personal, and it's a disaster. And I think most 496 00:27:27,920 --> 00:27:31,200 Speaker 1: of the Republican Caucus remembers those days. They're they're not 497 00:27:31,280 --> 00:27:34,520 Speaker 1: they're not immune to history and uh, and they want 498 00:27:34,520 --> 00:27:37,960 Speaker 1: to avoid this at all costs. Unfortunately, there's a small band, 499 00:27:38,119 --> 00:27:41,120 Speaker 1: as you said, three or four people who uh see 500 00:27:41,160 --> 00:27:44,159 Speaker 1: this as an opportunity to make headlines. And there is 501 00:27:44,200 --> 00:27:47,680 Speaker 1: a movement in the Republican side of the aisle uh 502 00:27:47,720 --> 00:27:52,439 Speaker 1: in the States to oppose these mandates. Um, they've coapped 503 00:27:52,440 --> 00:27:55,760 Speaker 1: co opted the old abortion line, my body, my choice, right, 504 00:27:55,800 --> 00:27:59,840 Speaker 1: and now it's applied to vaccines and so um, so 505 00:28:00,080 --> 00:28:02,879 Speaker 1: they're appealing to that and and so it's not without 506 00:28:02,920 --> 00:28:07,919 Speaker 1: merit politically. It's just a disastrous way to benefit a 507 00:28:08,000 --> 00:28:11,159 Speaker 1: few at the cost of the many. Jim Kessler, do 508 00:28:11,200 --> 00:28:13,560 Speaker 1: you see it happening? Do you see a shutdown taking place? 509 00:28:13,600 --> 00:28:15,359 Speaker 1: In What must Senator schum will be doing in the 510 00:28:15,400 --> 00:28:19,680 Speaker 1: background now too, I'm assuming prevent that from happening. Well, 511 00:28:19,720 --> 00:28:24,399 Speaker 1: I remember the same shutdown that remembers, and it was, 512 00:28:25,000 --> 00:28:28,000 Speaker 1: you know, I was on the Democratic side, and frankly, 513 00:28:28,760 --> 00:28:32,199 Speaker 1: it was like the shot of adrenaline for Democrats. It 514 00:28:32,320 --> 00:28:38,000 Speaker 1: was really the end of the doll candidacy. So you know, 515 00:28:38,360 --> 00:28:42,520 Speaker 1: he who starts to shutdown pays the price. And can 516 00:28:42,560 --> 00:28:47,040 Speaker 1: you imagine right now with the new variant saying we 517 00:28:47,120 --> 00:28:49,880 Speaker 1: want to have a shutdown because we don't want vaccines, 518 00:28:49,920 --> 00:28:53,840 Speaker 1: We don't want people to get vaccinated. Look, I expect 519 00:28:54,000 --> 00:28:55,480 Speaker 1: if there's going to be a shutdown, it's going to 520 00:28:55,560 --> 00:28:59,760 Speaker 1: be very short because Mitch McConnell knows the exact same 521 00:28:59,800 --> 00:29:03,360 Speaker 1: let sin that Rick was talking about. Mitch McConnell doesn't 522 00:29:03,360 --> 00:29:06,040 Speaker 1: want a government shutdown. He wants to corral his own 523 00:29:06,640 --> 00:29:10,160 Speaker 1: troops on this. I know Schumer doesn't want a government shutdown. 524 00:29:10,240 --> 00:29:11,960 Speaker 1: So I think when you've got the leaders of both 525 00:29:12,080 --> 00:29:17,000 Speaker 1: parties in the Senate trying to avert it, my guess 526 00:29:17,000 --> 00:29:19,560 Speaker 1: and my hope is that they're going to avert it. 527 00:29:20,200 --> 00:29:24,760 Speaker 1: What you had was the leader of the Republican Party 528 00:29:24,760 --> 00:29:27,000 Speaker 1: in the House thought it was a brilliant strategy, and 529 00:29:27,200 --> 00:29:31,400 Speaker 1: it was idiotic. Neither leader believes that in this case, 530 00:29:31,400 --> 00:29:33,760 Speaker 1: to Jim's point, Ricks Mitch McConnell end up being the 531 00:29:33,800 --> 00:29:35,880 Speaker 1: one who keeps this from happening, or or keeps it 532 00:29:35,920 --> 00:29:39,000 Speaker 1: short if it does. Yeah, I think that, as as 533 00:29:39,080 --> 00:29:42,240 Speaker 1: Jim rightly points out, it's one of these rare moments 534 00:29:42,280 --> 00:29:45,760 Speaker 1: where the leader on both sides the aisle, McConnell and 535 00:29:45,760 --> 00:29:47,880 Speaker 1: Schumer actually want to get the right thing done. And 536 00:29:47,920 --> 00:29:52,960 Speaker 1: so there that's a powerful weapon to progress. And so 537 00:29:53,160 --> 00:29:55,000 Speaker 1: I have no doubt that they'll cut some kind of 538 00:29:55,000 --> 00:29:57,200 Speaker 1: a deal with these guys to give them their public 539 00:29:57,240 --> 00:30:00,440 Speaker 1: show of support for getting rid of these man dates 540 00:30:00,560 --> 00:30:02,680 Speaker 1: and then move on with the business of government and 541 00:30:02,760 --> 00:30:05,680 Speaker 1: pass the get the shutdown done. As Emily said on 542 00:30:05,760 --> 00:30:08,920 Speaker 1: your last segment, Uh, plan on bringing in the cots 543 00:30:08,960 --> 00:30:13,760 Speaker 1: Friday night. Yeah, here we go again. It's State Night, everybody. 544 00:30:14,480 --> 00:30:16,720 Speaker 1: I want to add another story here, another headline. And 545 00:30:16,760 --> 00:30:19,680 Speaker 1: I was just absolutely amazed to hear Jen Psaki, the 546 00:30:19,680 --> 00:30:23,680 Speaker 1: White House Press Secretary, weave them together in one answer today, 547 00:30:23,680 --> 00:30:25,000 Speaker 1: which I'll play for you in a moment. If you 548 00:30:25,000 --> 00:30:28,880 Speaker 1: haven't heard about this Donald Trump testing positive story, it 549 00:30:29,040 --> 00:30:31,680 Speaker 1: is Uh, it's well for the New York Times reporting 550 00:30:31,680 --> 00:30:36,240 Speaker 1: that the Trump tested positive three days positive for COVID, 551 00:30:36,280 --> 00:30:38,880 Speaker 1: three days before his first debate with Joe Biden candidate Biden. 552 00:30:40,240 --> 00:30:42,760 Speaker 1: The White House did not announce the positive test at 553 00:30:42,800 --> 00:30:46,360 Speaker 1: the time, and the President received a negative result shortly afterward. 554 00:30:46,400 --> 00:30:49,240 Speaker 1: Carried on with a campaign rally and meetings and was 555 00:30:49,600 --> 00:30:52,040 Speaker 1: shaking hands and hugging people and so forth. But a 556 00:30:52,080 --> 00:30:55,280 Speaker 1: lot of questions today at this White House about whether 557 00:30:55,360 --> 00:30:57,960 Speaker 1: Joe Biden knew about it at the time, if he'd 558 00:30:57,960 --> 00:30:59,840 Speaker 1: heard about it before now, if he was at risk. 559 00:31:01,400 --> 00:31:04,479 Speaker 1: Jen Psaki asked as well about the government shutdown and 560 00:31:04,520 --> 00:31:07,720 Speaker 1: tried to weave them together in one answer. Currently in Congress, 561 00:31:07,760 --> 00:31:10,640 Speaker 1: as we're looking at the government staying open, you have 562 00:31:10,720 --> 00:31:14,040 Speaker 1: supporters of the former president. Uh. Supporters of the former 563 00:31:14,040 --> 00:31:19,800 Speaker 1: president who withheld information reportedly about testing positive and appeared 564 00:31:19,840 --> 00:31:22,440 Speaker 1: apparently at a debate, also held events at the White 565 00:31:22,480 --> 00:31:27,280 Speaker 1: House reportedly with military veterans and military families. Reportedly many 566 00:31:27,320 --> 00:31:29,400 Speaker 1: of you covered so you could you could confirm that, 567 00:31:29,880 --> 00:31:33,320 Speaker 1: um and did that without disclosing. And these supporters of 568 00:31:33,360 --> 00:31:37,120 Speaker 1: this of the former president are advocating for shutting the 569 00:31:37,160 --> 00:31:40,200 Speaker 1: federal government down so that of the public who are 570 00:31:40,200 --> 00:31:43,360 Speaker 1: refusing to get vaccinated or tested can be free to 571 00:31:43,400 --> 00:31:47,960 Speaker 1: infect their coworkers, are children filling hospitals that they that 572 00:31:47,960 --> 00:31:50,000 Speaker 1: that is what they are advocating for. They want to 573 00:31:50,040 --> 00:31:53,400 Speaker 1: shut the government down in order to advocate for people 574 00:31:53,440 --> 00:31:57,440 Speaker 1: to uh assert that on society. So I don't think 575 00:31:57,520 --> 00:31:59,440 Speaker 1: that should be lost on us as we're looking at 576 00:31:59,440 --> 00:32:02,120 Speaker 1: these reports this morning. I know. Wow, and those reports 577 00:32:02,200 --> 00:32:04,480 Speaker 1: first came out of Mark Meadows book, I should say 578 00:32:04,600 --> 00:32:08,400 Speaker 1: the Chief's chief. Uh, that was quite an exercise I 579 00:32:08,440 --> 00:32:11,479 Speaker 1: think in three D chest there, Jim. But did we 580 00:32:11,560 --> 00:32:14,560 Speaker 1: just hear the Press secretary kind of riffing on what 581 00:32:14,920 --> 00:32:19,240 Speaker 1: the narrative will be from the Democratic Party if this happens. Yeah, 582 00:32:19,280 --> 00:32:20,920 Speaker 1: And I think it goes a little bit deeper than 583 00:32:20,920 --> 00:32:25,200 Speaker 1: that too, which is especially as amicron is is emerging 584 00:32:25,240 --> 00:32:28,560 Speaker 1: in the United States, which is a reminder that when 585 00:32:28,560 --> 00:32:31,040 Speaker 1: the last president faced a crisis on the pandemic, he 586 00:32:31,160 --> 00:32:34,200 Speaker 1: choked and referred to it as it's going to be 587 00:32:34,240 --> 00:32:36,760 Speaker 1: a common cold and nothing worse than the flu. And 588 00:32:37,320 --> 00:32:39,280 Speaker 1: China is doing a great job. And by the way, 589 00:32:39,320 --> 00:32:42,640 Speaker 1: if you if you inject some chlorine into your system, 590 00:32:42,760 --> 00:32:46,080 Speaker 1: or here's some horse, do you warming medication that could 591 00:32:46,120 --> 00:32:50,120 Speaker 1: work for you, you know, everything will be fine. And 592 00:32:50,160 --> 00:32:53,760 Speaker 1: there's a reminder that this this was the disaster that 593 00:32:53,840 --> 00:32:56,480 Speaker 1: led to the shutdown of the economy, that led to 594 00:32:56,640 --> 00:32:59,400 Speaker 1: hundreds and hundreds of thousands of people dying. And now 595 00:32:59,440 --> 00:33:02,440 Speaker 1: we've got some buddy who is steady at the helm, 596 00:33:02,520 --> 00:33:05,320 Speaker 1: who's going to take this seriously. And by the way, 597 00:33:05,600 --> 00:33:09,560 Speaker 1: these folks are still in government on the Republican side, 598 00:33:09,600 --> 00:33:13,160 Speaker 1: these Trump loyalists, and they want to make the coronavirus 599 00:33:13,320 --> 00:33:16,840 Speaker 1: or the latest version of it spread even more because 600 00:33:16,880 --> 00:33:20,320 Speaker 1: they don't believe it In there, you know, they're they're 601 00:33:20,360 --> 00:33:23,680 Speaker 1: in fra all of these hoaxes. So it's a reminder 602 00:33:23,720 --> 00:33:28,160 Speaker 1: of what was in the past Christmas past of Donald 603 00:33:28,160 --> 00:33:31,320 Speaker 1: Trump and that you don't want to experience that. Again, 604 00:33:31,600 --> 00:33:35,320 Speaker 1: this a good strategy, a good communications strategy, Rick, knowing that, 605 00:33:35,360 --> 00:33:38,080 Speaker 1: as we discussed, the President will be speaking to the 606 00:33:38,160 --> 00:33:41,520 Speaker 1: nation about fighting COVID tomorrow and we're just learning now 607 00:33:41,560 --> 00:33:45,160 Speaker 1: that the administration will extend requirements for travelers to wear 608 00:33:45,240 --> 00:33:50,520 Speaker 1: masks on planes, trains, buses, airports, public areas through mid March. 609 00:33:51,640 --> 00:33:54,720 Speaker 1: Is Jen Psaki going too deep? There? Is that exactly 610 00:33:54,760 --> 00:33:57,680 Speaker 1: what the administration and Democrats should do. Well? She She 611 00:33:57,800 --> 00:34:00,040 Speaker 1: did quite a pivot there, you know that was in 612 00:34:00,120 --> 00:34:03,320 Speaker 1: prontal Trump you know, one minute and then saying it's 613 00:34:03,360 --> 00:34:06,080 Speaker 1: this band of Republicans who want upset the government and 614 00:34:06,200 --> 00:34:08,480 Speaker 1: uh and and not vote for it, wants to tie 615 00:34:08,520 --> 00:34:10,600 Speaker 1: them to Trump. These are the guys who protecting him. 616 00:34:10,600 --> 00:34:12,920 Speaker 1: Didn't tell you when they knew better. Yeah, and and 617 00:34:12,960 --> 00:34:14,560 Speaker 1: by the way, I mean they want to be tied 618 00:34:14,600 --> 00:34:17,719 Speaker 1: to Trump. They actually are using her language in their 619 00:34:17,760 --> 00:34:21,200 Speaker 1: reelection campaigns, probably because they'll they'll claim that this is 620 00:34:21,239 --> 00:34:23,840 Speaker 1: exactly what they're fighting against. Is this notion that we 621 00:34:23,920 --> 00:34:26,000 Speaker 1: have to all dig into a hole. Look, I mean, 622 00:34:26,440 --> 00:34:30,479 Speaker 1: Joe Biden's in a tough spot exactly because of why uh, 623 00:34:30,600 --> 00:34:33,120 Speaker 1: Jim Kessler was just talking about he wants to do 624 00:34:33,160 --> 00:34:36,120 Speaker 1: the right thing. He's actually trying to beat a global 625 00:34:36,160 --> 00:34:39,360 Speaker 1: pandemic within the shores of the United States, and he 626 00:34:39,400 --> 00:34:41,279 Speaker 1: doesn't have a lot of cooperation. He's still got a 627 00:34:41,360 --> 00:34:43,680 Speaker 1: lot of people who seem to think that this is 628 00:34:43,719 --> 00:34:45,560 Speaker 1: something that they have a choice, you know, and that 629 00:34:45,600 --> 00:34:47,799 Speaker 1: they can get facts in or not. And and at 630 00:34:47,840 --> 00:34:51,120 Speaker 1: the same time, he's trying to resuscitate an economy and 631 00:34:51,160 --> 00:34:53,640 Speaker 1: get people back to work who are nervous about this. 632 00:34:53,760 --> 00:34:56,600 Speaker 1: And so the fact that he's extending the mandate for 633 00:34:56,760 --> 00:34:59,960 Speaker 1: masks on air travel and things like that totally practical, 634 00:35:00,200 --> 00:35:04,360 Speaker 1: makes complete sense. Encouraging people to get vaccines totally practical, 635 00:35:04,480 --> 00:35:07,320 Speaker 1: makes complete sense, none of which are actually going to 636 00:35:07,360 --> 00:35:10,000 Speaker 1: get him any popularity points at a time when he 637 00:35:10,080 --> 00:35:15,000 Speaker 1: sees his public approval rating diving and people are upset 638 00:35:15,120 --> 00:35:18,200 Speaker 1: with having to go through all this, and and rightly so, 639 00:35:18,400 --> 00:35:22,839 Speaker 1: nobody likes a global pandemic. Once it's over, we'll be 640 00:35:22,880 --> 00:35:27,040 Speaker 1: happier getting it over quicker because of these measures. Maybe 641 00:35:27,160 --> 00:35:30,160 Speaker 1: the best we can do, but you shoot the messenger 642 00:35:30,200 --> 00:35:32,920 Speaker 1: in the process. Donald Trump did issue a statement, by 643 00:35:32,960 --> 00:35:35,000 Speaker 1: the way, on this, He's it's quote it's a very 644 00:35:35,040 --> 00:35:37,719 Speaker 1: short one. The story of me having COVID prior to 645 00:35:37,880 --> 00:35:40,759 Speaker 1: or during the first debate is fake news. In fact, 646 00:35:40,760 --> 00:35:43,279 Speaker 1: the test revealed I did not have COVID prior to 647 00:35:43,320 --> 00:35:46,000 Speaker 1: the debate. But that's not the point here, Jim, right. 648 00:35:46,040 --> 00:35:48,440 Speaker 1: The fact is he had a whether it's false or not, 649 00:35:48,480 --> 00:35:51,279 Speaker 1: there was a positive result and before that negative one. 650 00:35:51,440 --> 00:35:53,960 Speaker 1: According to Mark Meadows, who was not mentioned in this statement, 651 00:35:54,280 --> 00:35:57,319 Speaker 1: he went ahead to the debate anyway. Well, and how 652 00:35:57,360 --> 00:35:59,560 Speaker 1: can you believe anything that Donald Trump says to be 653 00:36:00,000 --> 00:36:03,120 Speaker 1: efically honest? I mean, he if something is blue, will 654 00:36:03,160 --> 00:36:06,920 Speaker 1: say it's yellow. This is a reminder, Look, this is 655 00:36:06,960 --> 00:36:09,560 Speaker 1: a bigger strategy on the part of Biden, which is 656 00:36:11,080 --> 00:36:13,920 Speaker 1: Rick is right. He what about trump strategy though? And 657 00:36:13,960 --> 00:36:15,640 Speaker 1: I only have a minute here, Jim, But is this 658 00:36:16,200 --> 00:36:18,400 Speaker 1: are we writing off as Donald Trump writing off his 659 00:36:18,440 --> 00:36:20,359 Speaker 1: former chief of staff because he's going to be talking 660 00:36:20,400 --> 00:36:25,160 Speaker 1: to the January six Commission probably, and he's gonna be 661 00:36:25,239 --> 00:36:28,560 Speaker 1: writing off everybody. I mean, you know, as Steve Bannon 662 00:36:28,760 --> 00:36:32,640 Speaker 1: asked the other loyalists in the Trump world, how loyal 663 00:36:32,719 --> 00:36:35,839 Speaker 1: Trump is back to him? You know, He's only as 664 00:36:35,880 --> 00:36:38,160 Speaker 1: loyal to you as the last thing that you said, so, 665 00:36:38,600 --> 00:36:41,840 Speaker 1: you know, playing with dynamite with Donald Trump. We'll have 666 00:36:41,880 --> 00:36:44,760 Speaker 1: a lot more on these COVID headlines. Tomorrow the President 667 00:36:44,760 --> 00:36:46,640 Speaker 1: will be speaking, and of course he'll hear him live 668 00:36:46,760 --> 00:36:50,600 Speaker 1: on Bloomberg Radio. Jim Kessler, co founder of Third Way, 669 00:36:50,680 --> 00:36:54,400 Speaker 1: Rick Davis, Bloomberg Politics contributor, many thanks for the insights. 670 00:36:54,480 --> 00:36:56,680 Speaker 1: As always, thanks to all of our guests from being here. 671 00:36:56,680 --> 00:36:58,440 Speaker 1: I'll meet you back here tomorrow. We'll have a lot more. 672 00:36:58,480 --> 00:37:01,080 Speaker 1: I'm Joe Matthew. This is Rubert