1 00:00:00,360 --> 00:00:05,080 Speaker 1: Live from our nation's camera. How do we reopen this economy? 2 00:00:05,160 --> 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 for the United States relationship with China? 4 00:00:11,560 --> 00:00:16,480 Speaker 1: Bloomberg Sound on, the Insiders, 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 Kennedys for different vectines. 7 00:00:23,440 --> 00:00:26,080 Speaker 1: How do we make sure a pandemic of this scale 8 00:00:26,160 --> 00:00:30,240 Speaker 1: never happens again? This is Bloomberg Sound On with Kevin 9 00:00:30,320 --> 00:00:34,600 Speaker 1: Surrelate on Bloomberg and one oh five point seven f 10 00:00:34,720 --> 00:00:37,840 Speaker 1: m h D two. President Donald Trump says on Twitter 11 00:00:37,880 --> 00:00:42,040 Speaker 1: that he's leaving Walter Reed Hospital this evening tonight after 12 00:00:42,120 --> 00:00:45,600 Speaker 1: being treated for COVID nineteen plus. He says that he 13 00:00:45,760 --> 00:00:49,879 Speaker 1: is fully intending to participate in next week's presidential debate. 14 00:00:50,400 --> 00:00:53,640 Speaker 1: And all of that as new fallout from Democrats as 15 00:00:53,680 --> 00:00:57,360 Speaker 1: they try to pressure pressure the Republicans not to continue 16 00:00:57,400 --> 00:01:02,400 Speaker 1: onward with the confirmation here for Judge Amy Coney Barrett. 17 00:01:02,400 --> 00:01:04,559 Speaker 1: All that, plus what happened on Wall Street Great show. 18 00:01:04,840 --> 00:01:07,680 Speaker 1: We're out here in Salt Lake City, US. All beautiful 19 00:01:07,760 --> 00:01:11,560 Speaker 1: day here and sunny Salt Lake, sunny, the air feels 20 00:01:11,600 --> 00:01:13,960 Speaker 1: like it's you know, gorgeous outside. We're here, of course 21 00:01:14,000 --> 00:01:18,600 Speaker 1: for Wednesday nights vice presidential debate between Senator Kamala Harris 22 00:01:18,640 --> 00:01:22,000 Speaker 1: off of the Democratic vice presidential nominee, as well as 23 00:01:22,120 --> 00:01:24,800 Speaker 1: Vice President Mike Pence. Of course, a lot of scrutiny now, 24 00:01:25,120 --> 00:01:29,120 Speaker 1: uh and intensity surrounding Wednesday Night's debate because of what 25 00:01:29,280 --> 00:01:32,880 Speaker 1: happened over the weekend, of course, with President Trump of 26 00:01:32,880 --> 00:01:36,720 Speaker 1: Walter Read Medical facility. He's reportedly the president of the 27 00:01:36,760 --> 00:01:41,800 Speaker 1: United States reportedly set to leave Walter Read tonight tonight. Uh, 28 00:01:41,800 --> 00:01:44,200 Speaker 1: and here to give us a complete preview of where 29 00:01:44,240 --> 00:01:47,240 Speaker 1: things stand. This is the coronavirus spreads among staffers at 30 00:01:48,080 --> 00:01:51,279 Speaker 1: Pennsylvania Avenue. Is my colleague Justin st. Bloomberg, White House reporter. 31 00:01:51,360 --> 00:01:53,600 Speaker 1: Justin tell us everything you know about what we need 32 00:01:53,640 --> 00:01:57,480 Speaker 1: to know in the next two hours. Yeah. So you know, 33 00:01:57,520 --> 00:02:00,760 Speaker 1: President Trump is expected to be charged from all to 34 00:02:00,840 --> 00:02:03,559 Speaker 1: Read in a couple of hours from now. He's gonna 35 00:02:04,560 --> 00:02:08,079 Speaker 1: going to get one last dose of from desevere at 36 00:02:08,080 --> 00:02:10,959 Speaker 1: the hospital before he leaves. Doctors say that he'll get 37 00:02:11,000 --> 00:02:13,040 Speaker 1: one more of those doses back at the White House, 38 00:02:13,080 --> 00:02:16,400 Speaker 1: but that that and some of the other intense monitoring 39 00:02:16,400 --> 00:02:18,440 Speaker 1: that he's gonna need over the next week or so 40 00:02:18,800 --> 00:02:20,480 Speaker 1: it can all be done back at home, and that 41 00:02:20,600 --> 00:02:23,079 Speaker 1: the goal has always been for the President to get 42 00:02:23,120 --> 00:02:25,360 Speaker 1: out of the hospital and get home, and that he 43 00:02:25,480 --> 00:02:29,639 Speaker 1: satisfies sort of all of the clinical criteria to do so. So, um, 44 00:02:29,680 --> 00:02:31,760 Speaker 1: assuming that he continues to progress in the way that 45 00:02:31,800 --> 00:02:35,720 Speaker 1: they've seen over the last forty eight hours, the next 46 00:02:35,800 --> 00:02:38,799 Speaker 1: question becomes, obviously, uh, you know, when the president gets 47 00:02:38,840 --> 00:02:42,239 Speaker 1: to a point where he's no longer at risk of 48 00:02:42,280 --> 00:02:44,720 Speaker 1: infecting others, and when he might get back onto the 49 00:02:44,760 --> 00:02:47,520 Speaker 1: campaign trail. Doctors are saying that it's still too early 50 00:02:47,560 --> 00:02:50,440 Speaker 1: to figure those questions out, But there's this broader political 51 00:02:50,560 --> 00:02:54,120 Speaker 1: question because we keep hearing new announcements it seems almost 52 00:02:54,160 --> 00:02:57,440 Speaker 1: hourly at some point about White House officials that that 53 00:02:57,520 --> 00:02:59,960 Speaker 1: have contracted the virus. So who do we know I've been? 54 00:03:00,000 --> 00:03:01,480 Speaker 1: It's run off the list just so we can get 55 00:03:01,480 --> 00:03:03,720 Speaker 1: people an idea. Kelly mckinittie has it now, the White 56 00:03:03,720 --> 00:03:06,800 Speaker 1: House Press Secretary. Over the weekend, we heard the Kelly 57 00:03:06,840 --> 00:03:10,200 Speaker 1: had Commy, the former Special counselor to the President, has 58 00:03:10,240 --> 00:03:14,840 Speaker 1: also contracted the virus, Chris Christie, who else has it? Yeah, 59 00:03:14,880 --> 00:03:17,120 Speaker 1: so two other staffers in the White House Press office 60 00:03:17,200 --> 00:03:20,880 Speaker 1: right now. We know Bill Stepien, who's the president's current 61 00:03:20,919 --> 00:03:25,160 Speaker 1: camp so both his campaign manager is twenty sixteen campaign 62 00:03:25,160 --> 00:03:28,640 Speaker 1: manager Chris Christie who did his debate prep. A number 63 00:03:28,680 --> 00:03:32,160 Speaker 1: of Republican Senators, including Senator till As the Senator Lee 64 00:03:32,200 --> 00:03:36,960 Speaker 1: who were at the Commy Barrett Um announcement over the weekend. 65 00:03:37,360 --> 00:03:40,240 Speaker 1: It's really I think it's more than a dozen people 66 00:03:40,640 --> 00:03:43,080 Speaker 1: you know that have been in the presence orbit Pix. 67 00:03:43,120 --> 00:03:46,400 Speaker 1: Obviously was the news that we broke first year at Bloomberg, 68 00:03:46,440 --> 00:03:49,680 Speaker 1: and so you know, I think there's a growing fear 69 00:03:49,760 --> 00:03:53,400 Speaker 1: within the White House about how wide the exposure was 70 00:03:53,520 --> 00:03:56,440 Speaker 1: last week, and we're seeing more and more cases have 71 00:03:56,560 --> 00:03:59,440 Speaker 1: come to the purpose and of course, you know, everyone 72 00:03:59,560 --> 00:04:04,000 Speaker 1: is his hoping that that these individuals get better. Everyone 73 00:04:04,080 --> 00:04:06,000 Speaker 1: is wishing for their well being, everyone is wishing that 74 00:04:06,040 --> 00:04:09,440 Speaker 1: they recover. Uh, had there been any additional steps that 75 00:04:09,480 --> 00:04:12,880 Speaker 1: have been taken justin st Blomberg White House reporter at 76 00:04:12,880 --> 00:04:16,159 Speaker 1: the White House, or or more precautions. First Lady Milania Trump, 77 00:04:16,240 --> 00:04:19,479 Speaker 1: who was also reportedly in recovery, has said that she 78 00:04:19,560 --> 00:04:21,839 Speaker 1: did not want to visit her husband, President Trump at 79 00:04:21,839 --> 00:04:23,600 Speaker 1: Walter read because she didn't want to expose the Secret 80 00:04:23,640 --> 00:04:27,200 Speaker 1: Service agents. What else do we know additional protocols that 81 00:04:27,240 --> 00:04:30,800 Speaker 1: are being taken. Yeah, So talking to people at the 82 00:04:30,800 --> 00:04:33,120 Speaker 1: White House today, they say more people are working from 83 00:04:33,160 --> 00:04:36,360 Speaker 1: home than had before. It's been obvious that that there's 84 00:04:36,400 --> 00:04:38,800 Speaker 1: a lot more mask wearing going on today than there 85 00:04:38,800 --> 00:04:42,680 Speaker 1: had been even Friday after the president diagnosis, and certainly 86 00:04:43,440 --> 00:04:47,440 Speaker 1: earlier last week before before these cases were known. But 87 00:04:47,480 --> 00:04:50,560 Speaker 1: there's still not a kind of a mandatory mask mandate. 88 00:04:50,600 --> 00:04:55,200 Speaker 1: There's still not sort of firm orders to stay home 89 00:04:56,120 --> 00:05:00,599 Speaker 1: beyond folks who are experienced and symptoms and uh uh, 90 00:05:00,680 --> 00:05:04,080 Speaker 1: you know, I think there's these real legitimate questions of 91 00:05:04,160 --> 00:05:07,040 Speaker 1: the protocols that they had in place obviously weren't sufficient. 92 00:05:07,040 --> 00:05:09,120 Speaker 1: Because the President United States and sitting in the hospital 93 00:05:09,279 --> 00:05:12,279 Speaker 1: right now and a dozen members of his senior team 94 00:05:12,320 --> 00:05:16,080 Speaker 1: are are battling this virus, so there's there is a 95 00:05:16,160 --> 00:05:19,040 Speaker 1: question about whether there's going to be a read re examination. 96 00:05:19,200 --> 00:05:21,320 Speaker 1: We also did hear from the President's doctors today that 97 00:05:21,360 --> 00:05:25,120 Speaker 1: they are figuring out, you know, how to configure the 98 00:05:25,120 --> 00:05:28,440 Speaker 1: White House itself to to prevent him from spreading the virus. Well, 99 00:05:28,560 --> 00:05:30,640 Speaker 1: when he gets back well, I want to take you 100 00:05:30,720 --> 00:05:33,720 Speaker 1: to to Walter read and remarks that the White House 101 00:05:33,720 --> 00:05:37,240 Speaker 1: physician Dr Sean Connolly made earlier today just about the 102 00:05:37,240 --> 00:05:40,200 Speaker 1: President's condition. Take a listen to what Dr Sean Connolly 103 00:05:40,200 --> 00:05:43,520 Speaker 1: had to say earlier today. The President has continued to improve. 104 00:05:44,240 --> 00:05:47,880 Speaker 1: He's met or exceeded all standard hospital discharge criteria and 105 00:05:48,040 --> 00:05:51,040 Speaker 1: receive another dose of from Deservie here today, and then 106 00:05:51,080 --> 00:05:54,880 Speaker 1: we planned to get him home. That was Dr Connolly 107 00:05:55,160 --> 00:05:57,279 Speaker 1: earlier today. And he goes on to be to be 108 00:05:57,360 --> 00:05:59,599 Speaker 1: quite honest, you know, he says, Hey, look, the President 109 00:05:59,680 --> 00:06:01,440 Speaker 1: that not be out of the woods yet. Take a 110 00:06:01,480 --> 00:06:02,720 Speaker 1: listen to what he had to say about that here 111 00:06:02,880 --> 00:06:04,920 Speaker 1: is so he may not entirely be out of the 112 00:06:04,960 --> 00:06:07,560 Speaker 1: woods yet. The team and I agree that all our 113 00:06:07,640 --> 00:06:12,160 Speaker 1: evaluations and most importantly, his clinical status support the president's 114 00:06:12,160 --> 00:06:15,120 Speaker 1: safe return home where he'll be surrounded by world class 115 00:06:15,120 --> 00:06:18,960 Speaker 1: medical care. And coming up, we're gonna have all of 116 00:06:19,000 --> 00:06:22,960 Speaker 1: the continuing coverage of what this means precisely for uh 117 00:06:23,000 --> 00:06:27,240 Speaker 1: the campaigns, for the politics for judging Amy Coney Barrett's 118 00:06:27,480 --> 00:06:31,359 Speaker 1: judicial nomination process, fiscal stimulus talks, and of course the 119 00:06:31,400 --> 00:06:34,480 Speaker 1: markets as well and business community. We're going to uh 120 00:06:34,680 --> 00:06:37,120 Speaker 1: kind of dive into every angle. But just in the 121 00:06:37,240 --> 00:06:38,800 Speaker 1: in the two and a half minutes that I have 122 00:06:38,920 --> 00:06:41,400 Speaker 1: left with you, justin Sint Blomberg, White House Reporter, what 123 00:06:41,560 --> 00:06:43,680 Speaker 1: is the president's first twenty four hours like that when 124 00:06:43,720 --> 00:06:46,840 Speaker 1: he returned to the White House. Yeah, I mean, I 125 00:06:46,880 --> 00:06:49,680 Speaker 1: think that's a big question because from everything we've heard, 126 00:06:50,040 --> 00:06:52,120 Speaker 1: he is really eager to kind of get back into 127 00:06:52,160 --> 00:06:54,560 Speaker 1: the swing of things. I think you and I both 128 00:06:54,600 --> 00:06:57,040 Speaker 1: have covered for him long enough to know that he 129 00:06:57,160 --> 00:07:00,120 Speaker 1: was not not known for his patients, and I'm I'm 130 00:07:00,120 --> 00:07:03,599 Speaker 1: certain that he is eager to see people on his 131 00:07:03,720 --> 00:07:05,680 Speaker 1: team that he hasn't met a chance to talk to 132 00:07:05,720 --> 00:07:08,600 Speaker 1: while he's been up at wall to read. But I mean, 133 00:07:08,640 --> 00:07:10,080 Speaker 1: to the to the point of the clip that you 134 00:07:10,160 --> 00:07:12,760 Speaker 1: just played it, he is also entering a really vital 135 00:07:12,880 --> 00:07:16,120 Speaker 1: period that you know, doctors across the board say the 136 00:07:16,240 --> 00:07:19,200 Speaker 1: seven to ten day window after first infection, and we 137 00:07:19,240 --> 00:07:22,280 Speaker 1: believe that you know, he started feeling symptoms Wednesday night, 138 00:07:22,440 --> 00:07:26,120 Speaker 1: that the test was positive Thursday evening, So we're just 139 00:07:26,440 --> 00:07:28,960 Speaker 1: entering that kind of really vital period. And while the 140 00:07:29,000 --> 00:07:33,240 Speaker 1: doctors are very encouraged by what they've seen uh lately, 141 00:07:33,360 --> 00:07:35,640 Speaker 1: and the presidents in a unique position where he I 142 00:07:35,680 --> 00:07:38,200 Speaker 1: think got a lot of the treatments a lot faster 143 00:07:38,320 --> 00:07:41,440 Speaker 1: than than most Americans who are going through this crisis would. 144 00:07:42,240 --> 00:07:44,400 Speaker 1: It's still that sort of make or break moments. So 145 00:07:44,440 --> 00:07:48,000 Speaker 1: there's gonna have to be a bit of a restraint 146 00:07:48,040 --> 00:07:50,400 Speaker 1: on a president who is probably eager to get back 147 00:07:50,400 --> 00:07:53,119 Speaker 1: to work, but is also at a really vulnerable point 148 00:07:53,160 --> 00:07:57,040 Speaker 1: in his recovery and uh, you know, hopefully is able 149 00:07:57,040 --> 00:07:59,960 Speaker 1: to push through this without seeing a you know, step 150 00:08:00,120 --> 00:08:01,880 Speaker 1: back in terms of his health. But I know that 151 00:08:01,880 --> 00:08:05,480 Speaker 1: that's something that I was I was struck by over 152 00:08:05,520 --> 00:08:07,480 Speaker 1: the weekend, and he released a series of videos in 153 00:08:07,480 --> 00:08:09,920 Speaker 1: which he said, quote I get it now, and I'm 154 00:08:09,960 --> 00:08:11,920 Speaker 1: paraphrasing here, but he also went on to say that, 155 00:08:12,160 --> 00:08:13,720 Speaker 1: you know, he was a student of this. He learned 156 00:08:13,720 --> 00:08:17,800 Speaker 1: about the coronavirus, you know, bye bye obviously by contracting it. 157 00:08:17,840 --> 00:08:20,040 Speaker 1: You know, it's it's it's fascinating. I mean, I didn't 158 00:08:20,040 --> 00:08:22,000 Speaker 1: want to go go there on Friday, just because it 159 00:08:22,080 --> 00:08:24,440 Speaker 1: seemed not the appropriate time. But it seems that the 160 00:08:24,480 --> 00:08:27,640 Speaker 1: president is is on is recovering. I mean, he's he's 161 00:08:27,680 --> 00:08:31,880 Speaker 1: you know, sets it apart, Walter read later this evening. Uh, 162 00:08:32,160 --> 00:08:34,560 Speaker 1: you know, there's only been two other world leaders that 163 00:08:34,679 --> 00:08:36,959 Speaker 1: have contracted COVID nineteen that we know of, UK Prime 164 00:08:37,000 --> 00:08:40,600 Speaker 1: Minister Boris Johnson and of course Brazilian President Bosonaro, both 165 00:08:40,640 --> 00:08:43,120 Speaker 1: of them and this seems trivial, but both of them 166 00:08:43,160 --> 00:08:47,120 Speaker 1: got a bump in their approval ratings once they uh 167 00:08:47,280 --> 00:08:49,920 Speaker 1: contracted the virus. Now for UK Prime Minister Boris Johnson 168 00:08:49,920 --> 00:08:53,120 Speaker 1: to dipped down right after. For Bosonaro, I mean, given 169 00:08:53,160 --> 00:08:57,280 Speaker 1: the dynamics of Brazil, it was you know, he's been 170 00:08:57,320 --> 00:08:59,400 Speaker 1: able to maintain those high numbers that he of course 171 00:08:59,480 --> 00:09:03,040 Speaker 1: is as previously worked in the military. But this is 172 00:09:03,040 --> 00:09:05,199 Speaker 1: a crucial time. Maybe the Wall Street Journal NBC News 173 00:09:05,240 --> 00:09:08,360 Speaker 1: poll that came out earlier yesterday, in the last twenty 174 00:09:08,360 --> 00:09:11,240 Speaker 1: four hours has the president dipping in terms of a 175 00:09:11,280 --> 00:09:15,120 Speaker 1: national poll. He's a thirty nine percent to Joe Biden's. So, 176 00:09:15,160 --> 00:09:18,400 Speaker 1: I mean there's a crucial time in the race, crucial 177 00:09:18,400 --> 00:09:21,400 Speaker 1: time for the president, and you know it's a crucial time. 178 00:09:21,480 --> 00:09:23,680 Speaker 1: So the next this week in American politics is gonna 179 00:09:23,720 --> 00:09:26,440 Speaker 1: just be absolutely vital. Hey, justin before I let you go, 180 00:09:26,760 --> 00:09:29,560 Speaker 1: how about our Philadelphia Eagles. They're like they they're playing 181 00:09:29,600 --> 00:09:31,960 Speaker 1: like the worst team in the league, but their number one, 182 00:09:32,080 --> 00:09:34,800 Speaker 1: their number one in the division. That's what it takes, 183 00:09:35,000 --> 00:09:37,439 Speaker 1: you know what I mean, how's that after your Monday 184 00:09:38,000 --> 00:09:42,800 Speaker 1: we beat the NFC chance, That's I mean, I'll take it. 185 00:09:42,920 --> 00:09:45,000 Speaker 1: I'll take it. With what we're going through. Thank you, 186 00:09:45,040 --> 00:09:46,880 Speaker 1: justin thanks for all your hard work over the weekend 187 00:09:46,920 --> 00:09:49,000 Speaker 1: to my friend. Coming up next, we check in on 188 00:09:49,040 --> 00:09:50,760 Speaker 1: what happened in the markets. My name is Kevin Curley. 189 00:09:50,760 --> 00:09:52,959 Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for 190 00:09:53,000 --> 00:09:59,000 Speaker 1: Boomberg Radio. You're listening to Bloomberg. You're listening to Bloomberg. 191 00:09:59,120 --> 00:10:03,480 Speaker 1: Sound On with Kevin on Bloomberg and one oh five 192 00:10:03,520 --> 00:10:06,520 Speaker 1: point seven m h D two. My name is Kevin 193 00:10:06,520 --> 00:10:09,880 Speaker 1: SURREALI I am the chief Washington correspondent for Bloomberg Television 194 00:10:09,920 --> 00:10:14,120 Speaker 1: and for Bloomberg Radio, broadcasting all week all week from 195 00:10:14,400 --> 00:10:19,760 Speaker 1: Salt Lake City. We are here for the vice presidential debate, 196 00:10:19,840 --> 00:10:22,440 Speaker 1: and we are continuing to monitor President Trump as he 197 00:10:22,480 --> 00:10:26,440 Speaker 1: reportedly is set to leave Walter Reed Memorial Medical Facility 198 00:10:26,840 --> 00:10:28,800 Speaker 1: later this evening, and of course, obviously if that news 199 00:10:28,800 --> 00:10:32,080 Speaker 1: breaks we will just go into complete coverage mode of that, 200 00:10:32,120 --> 00:10:34,560 Speaker 1: and we'll take you wherever we need to in order 201 00:10:34,600 --> 00:10:37,600 Speaker 1: to do that. Meanwhile, my colleagues Josh Wing Grove, Jennifer Jacobs, 202 00:10:37,600 --> 00:10:39,360 Speaker 1: and Justin Sink, who was just on the on the 203 00:10:39,400 --> 00:10:43,120 Speaker 1: program report on the terminal quote. President Donald Trump's aids 204 00:10:43,360 --> 00:10:45,800 Speaker 1: will try to keep him confined to the White House 205 00:10:45,840 --> 00:10:48,840 Speaker 1: residents after he's discharged from the hospital with COVID nineteen 206 00:10:48,920 --> 00:10:51,920 Speaker 1: later Monday, but they're unsure they can limit his movements. 207 00:10:51,960 --> 00:10:54,480 Speaker 1: According to people familiar with the matter, if there's one 208 00:10:54,520 --> 00:10:57,719 Speaker 1: thing I know in terms of covering the President, it's 209 00:10:57,760 --> 00:11:01,360 Speaker 1: that he is going to want to get out of 210 00:11:02,000 --> 00:11:05,560 Speaker 1: that house as quickly as possible. You know what I mean. 211 00:11:05,640 --> 00:11:08,640 Speaker 1: I mean he's gonna want to be on that campaign trail. 212 00:11:08,640 --> 00:11:11,600 Speaker 1: All right. Switching gears because we have much more continuing coverage. 213 00:11:11,960 --> 00:11:15,040 Speaker 1: You know, the markets so much volatility coming from Washington, 214 00:11:15,120 --> 00:11:17,640 Speaker 1: d C. And I want to get some investor reaction now. 215 00:11:17,760 --> 00:11:21,360 Speaker 1: US stocks climbed to a three week high on optimism 216 00:11:21,600 --> 00:11:24,160 Speaker 1: that the White House and Democrats will reach a stimulus 217 00:11:24,160 --> 00:11:27,240 Speaker 1: deal and Trump will soon be released. The healths we've 218 00:11:27,240 --> 00:11:29,040 Speaker 1: been reporting, We've been saying this the health of the 219 00:11:29,080 --> 00:11:32,280 Speaker 1: president and the health of the economy really juxtaposed together 220 00:11:32,720 --> 00:11:35,439 Speaker 1: this week in the nation's capital. It's sent all three 221 00:11:35,480 --> 00:11:39,120 Speaker 1: major indexes up more than one percent. Treasuries dropped, taking 222 00:11:39,120 --> 00:11:44,120 Speaker 1: ten year yields up almost five bps two around point seven. 223 00:11:45,320 --> 00:11:48,240 Speaker 1: The dollar mostly declined against its g tam piers, some 224 00:11:48,440 --> 00:11:52,560 Speaker 1: risk appetite return through the Keiwi, and again retreated. All right, 225 00:11:52,640 --> 00:11:55,920 Speaker 1: here to break down what happened in the markets is 226 00:11:56,040 --> 00:11:58,560 Speaker 1: first time on the program, Dan David. He is the 227 00:11:58,559 --> 00:12:03,360 Speaker 1: founder of Wolfpack Research, which is a short based activist 228 00:12:03,360 --> 00:12:07,000 Speaker 1: research firm, and he's the co founder of Geo Investing LLLC. Dan, 229 00:12:07,320 --> 00:12:10,600 Speaker 1: I hear your Pennsylvania guys, so welcome to the program 230 00:12:10,640 --> 00:12:13,040 Speaker 1: because I'm a big Eagles fan. And what happened in 231 00:12:13,080 --> 00:12:16,920 Speaker 1: the market today, well, it looks like the markets were 232 00:12:17,240 --> 00:12:20,680 Speaker 1: based on optimism that President Trump will you know, get 233 00:12:20,679 --> 00:12:24,160 Speaker 1: out of the hospital today, as you said, who knows 234 00:12:24,200 --> 00:12:27,480 Speaker 1: if he'll stay in the White House? Um setting he won't. 235 00:12:27,880 --> 00:12:31,000 Speaker 1: He should, but he won't. And that's what the markets 236 00:12:31,000 --> 00:12:33,640 Speaker 1: are about these days. Well, you know his movements, his actions, 237 00:12:33,760 --> 00:12:38,200 Speaker 1: his his tweets, which is unfortunate. So one of the 238 00:12:38,200 --> 00:12:40,120 Speaker 1: things that I found remarkable was that one of the 239 00:12:40,160 --> 00:12:43,800 Speaker 1: calls that President Trump made over the weekend was to 240 00:12:43,800 --> 00:12:46,760 Speaker 1: set a Majority Leader Mitch McConnell to talk about the 241 00:12:46,800 --> 00:12:50,840 Speaker 1: stimulus He done also, of course tweeted with regards to UH, 242 00:12:50,880 --> 00:12:53,439 Speaker 1: saying that that he wants there to be more stimulus. 243 00:12:53,440 --> 00:12:56,280 Speaker 1: He wants to see more fiscal stimulus. And and this 244 00:12:56,480 --> 00:12:59,079 Speaker 1: is it appears based upon conversations that I'm having, based 245 00:12:59,120 --> 00:13:03,800 Speaker 1: upon Hublic reports as well, UH that they are, that 246 00:13:04,240 --> 00:13:07,120 Speaker 1: there seems to be more pressure on Speaker Pelosi and 247 00:13:07,280 --> 00:13:12,560 Speaker 1: Secretary Monution to get to some type of a deal. Um. 248 00:13:12,880 --> 00:13:15,559 Speaker 1: And I'm curious do you think I mean, not really 249 00:13:15,800 --> 00:13:17,840 Speaker 1: even beyond what you think, but do you think the 250 00:13:17,880 --> 00:13:22,080 Speaker 1: market expectation is that the president's contract getting COVID nineteen 251 00:13:22,440 --> 00:13:24,560 Speaker 1: is gonna put more pressure on there to be a deal. 252 00:13:26,160 --> 00:13:29,920 Speaker 1: I don't think he's getting COVID nineteen puts more pressure 253 00:13:29,960 --> 00:13:32,080 Speaker 1: on the deal. I think it was It's not a 254 00:13:32,080 --> 00:13:34,840 Speaker 1: surprise to anybody, right, I mean, look, he he got it. 255 00:13:34,920 --> 00:13:38,120 Speaker 1: It's almost a non event, uh that that he did 256 00:13:38,200 --> 00:13:40,240 Speaker 1: get it. I mean, like, of course he did. But 257 00:13:40,960 --> 00:13:43,120 Speaker 1: he's gonna have the best medical care. So people just 258 00:13:43,280 --> 00:13:46,280 Speaker 1: really aren't that worried about it as far as there 259 00:13:46,320 --> 00:13:50,640 Speaker 1: being a deal getting done. It's political theater, So who 260 00:13:50,679 --> 00:13:54,120 Speaker 1: knows what's happening when it's political theater. Uh, it doesn't 261 00:13:54,120 --> 00:13:56,320 Speaker 1: need to be done right now. Not all of it 262 00:13:56,360 --> 00:13:58,280 Speaker 1: has been spent, not all of it's been sent out. 263 00:13:58,640 --> 00:14:02,120 Speaker 1: There's so much liquidity in the market today that people 264 00:14:02,120 --> 00:14:04,640 Speaker 1: are having a hard time finding places to put all 265 00:14:04,640 --> 00:14:09,160 Speaker 1: their money. So it doesn't make sense from a fiscal perspective, 266 00:14:09,720 --> 00:14:12,560 Speaker 1: But I get why nobody wants to be the party 267 00:14:12,600 --> 00:14:16,440 Speaker 1: that said no. Yeah, precisely, Daed David's on the line. 268 00:14:16,480 --> 00:14:18,840 Speaker 1: And even as these fiscal stimulus talks are coming up. 269 00:14:18,880 --> 00:14:22,120 Speaker 1: One of the uh, the research notes that from City 270 00:14:22,120 --> 00:14:24,080 Speaker 1: Group to JP Morgan, I mean just they came out 271 00:14:24,440 --> 00:14:29,120 Speaker 1: one after another today which just said that, you know, 272 00:14:29,360 --> 00:14:33,440 Speaker 1: based upon the current political mood, and we we referenced 273 00:14:33,480 --> 00:14:36,560 Speaker 1: that Ball Street Journal NBC News poll that had Joe 274 00:14:36,560 --> 00:14:41,400 Speaker 1: Biden leading president from thirty uh and the poll that 275 00:14:41,440 --> 00:14:43,920 Speaker 1: came out in the last twenty four hours, that would 276 00:14:43,920 --> 00:14:46,840 Speaker 1: really be a bull case for stocks, you know, as 277 00:14:47,000 --> 00:14:50,320 Speaker 1: as Biden's league continues to widen in the polls. And meanwhile, 278 00:14:50,320 --> 00:14:52,360 Speaker 1: I've got the president's sideline and he doesn't want to 279 00:14:52,400 --> 00:14:54,640 Speaker 1: be and he's gonna hit the I would argue he 280 00:14:54,680 --> 00:14:56,720 Speaker 1: wants to hit at least he wants to get back 281 00:14:56,760 --> 00:14:58,840 Speaker 1: on the campaign trail. Whether or not he can, you know, 282 00:14:58,880 --> 00:15:01,560 Speaker 1: we don't know, but in essence, strategists are now saying 283 00:15:01,600 --> 00:15:05,320 Speaker 1: that that could be less of a chance for a 284 00:15:05,400 --> 00:15:08,880 Speaker 1: contested for a contested election. So I guess my question 285 00:15:08,880 --> 00:15:11,400 Speaker 1: to Dan David is based upon all the conversations you have, 286 00:15:11,640 --> 00:15:14,840 Speaker 1: if there's not a contested election on November three, and 287 00:15:14,880 --> 00:15:18,080 Speaker 1: there's a clear cut winner, I mean, what happens in 288 00:15:18,120 --> 00:15:23,640 Speaker 1: the markets? Then well, if that winner is is soon 289 00:15:23,680 --> 00:15:26,240 Speaker 1: to be President Biden, I guess is what what the 290 00:15:26,240 --> 00:15:29,880 Speaker 1: theory is there with that pole? It could be a 291 00:15:29,960 --> 00:15:33,360 Speaker 1: short term pop, But look, there are a lot of 292 00:15:33,600 --> 00:15:37,760 Speaker 1: companies that are very levered right now and at tax 293 00:15:38,480 --> 00:15:41,600 Speaker 1: hit is not going to be good for them. So 294 00:15:42,240 --> 00:15:45,240 Speaker 1: that's going to get priced doing pretty quickly. Uh. And 295 00:15:45,400 --> 00:15:48,760 Speaker 1: I don't know how that's going to be a positive 296 00:15:49,200 --> 00:15:54,280 Speaker 1: along with spending trillions upon trillions of dollars that we 297 00:15:54,320 --> 00:15:56,680 Speaker 1: don't really have an apparent, you know, apparently we just 298 00:15:56,720 --> 00:15:59,840 Speaker 1: print money and there's an unlimited supply, but technically we 299 00:16:00,000 --> 00:16:02,480 Speaker 1: don't have it. You know, I don't know when that 300 00:16:02,520 --> 00:16:05,920 Speaker 1: wheel stops rolling. But I don't think that's good in 301 00:16:05,960 --> 00:16:09,160 Speaker 1: the end. I really for the markets, but the markets 302 00:16:09,240 --> 00:16:12,760 Speaker 1: deserve a pullback. Pullbacks are not bad, they're good. We 303 00:16:12,800 --> 00:16:15,280 Speaker 1: should have some kind of reset once in a while. 304 00:16:15,680 --> 00:16:18,440 Speaker 1: They don't just go up in spite of what you know. 305 00:16:19,280 --> 00:16:22,680 Speaker 1: Davy dred Day Trader says, Uh, they go up and 306 00:16:22,760 --> 00:16:26,240 Speaker 1: doubt Uh. And incidentally, I talked about that with Steve 307 00:16:26,320 --> 00:16:29,800 Speaker 1: Bannon this week on my podcast, which will be putting 308 00:16:29,800 --> 00:16:34,160 Speaker 1: out Friday on Wolfpack Research. And he's a markets guy. 309 00:16:34,280 --> 00:16:38,120 Speaker 1: You know, he went to he worked, Yeah, he worked 310 00:16:38,160 --> 00:16:42,520 Speaker 1: for Golden Sacks and he knows an amazing amount of markets. 311 00:16:42,520 --> 00:16:45,360 Speaker 1: And we talked for three hours and it's like you've 312 00:16:45,360 --> 00:16:47,120 Speaker 1: never heard him before because he spent a lot of 313 00:16:47,160 --> 00:16:50,600 Speaker 1: time talking about the stock market. Yeah I remember actually 314 00:16:50,600 --> 00:16:53,280 Speaker 1: back in the I mean, yeah, he does. He comes 315 00:16:53,280 --> 00:16:56,520 Speaker 1: from Goldman and he definitely has I don't think uh 316 00:16:57,160 --> 00:16:59,560 Speaker 1: he is known for that, but he definitely does have 317 00:16:59,640 --> 00:17:01,960 Speaker 1: that back ground. Um, that'll be fascinating. Where can people 318 00:17:02,000 --> 00:17:06,120 Speaker 1: check out your podcast? Uh? It will be on my website, 319 00:17:06,119 --> 00:17:09,360 Speaker 1: what Back Research, and you know my Twitter feed. Uh, 320 00:17:09,400 --> 00:17:11,600 Speaker 1: and it will be It'll be Friday, Will Will, we 321 00:17:11,640 --> 00:17:13,399 Speaker 1: will put it out there, and I think you'll be 322 00:17:13,520 --> 00:17:16,200 Speaker 1: very surprised. And I think you're You're absolutely right, Kevin, 323 00:17:16,240 --> 00:17:19,720 Speaker 1: that people don't know him anymore for his market savvy, 324 00:17:20,000 --> 00:17:22,639 Speaker 1: but there's an abundance of it. And that's why we 325 00:17:22,720 --> 00:17:26,639 Speaker 1: spend time talking about things other than President Trump, because 326 00:17:27,119 --> 00:17:29,600 Speaker 1: that's what everybody wants to talk to him about. Well, 327 00:17:29,680 --> 00:17:32,480 Speaker 1: sticking with the market, yeah, but sticking with the market 328 00:17:32,560 --> 00:17:34,320 Speaker 1: just a little bit longer because you you are also 329 00:17:34,880 --> 00:17:38,480 Speaker 1: you put out a documentary that received rave reviews back 330 00:17:38,480 --> 00:17:42,399 Speaker 1: in two thousand and eighteen two m by Magnolia Pictures, 331 00:17:42,400 --> 00:17:46,480 Speaker 1: which is one of the big documentary UH production companies. 332 00:17:46,480 --> 00:17:48,720 Speaker 1: It's called The China Hustle. And you know, so much 333 00:17:48,720 --> 00:17:50,359 Speaker 1: of the conversation and I only have you for like 334 00:17:50,359 --> 00:17:52,600 Speaker 1: a minute left, but so much of the conversation has 335 00:17:52,600 --> 00:17:56,200 Speaker 1: been how China has been recovering much more quickly than 336 00:17:56,480 --> 00:17:59,040 Speaker 1: the United States, and so from your perspective, what should 337 00:17:59,080 --> 00:18:02,439 Speaker 1: the US be doing to better protect US companies are 338 00:18:02,480 --> 00:18:07,119 Speaker 1: being taken advantage of from China. Oh, you only have 339 00:18:07,160 --> 00:18:09,560 Speaker 1: a minute left. I know, I know we could have 340 00:18:09,680 --> 00:18:14,640 Speaker 1: three hours on that, but a lot there's you know, yeah, 341 00:18:14,720 --> 00:18:16,520 Speaker 1: China is going to always be able to deal with 342 00:18:16,520 --> 00:18:19,520 Speaker 1: a pandemic better than we are because you know, if 343 00:18:19,520 --> 00:18:20,920 Speaker 1: you come out of your house, will throw you in 344 00:18:21,000 --> 00:18:24,920 Speaker 1: jail with people who have COVID. That's that's the choices there. Uh. 345 00:18:24,960 --> 00:18:28,320 Speaker 1: So we don't have those choices here, thank god. Uh 346 00:18:28,400 --> 00:18:32,119 Speaker 1: the investment strategy in China is fraught with peril. It 347 00:18:32,200 --> 00:18:35,119 Speaker 1: always has been. It's not illegal in China to steal 348 00:18:35,160 --> 00:18:38,400 Speaker 1: from a US citizen. I don't know how that dynamic 349 00:18:38,480 --> 00:18:42,280 Speaker 1: can continue and has continued for the past twenty years. 350 00:18:42,320 --> 00:18:44,960 Speaker 1: What shocks me. And look, I'm not I'm not pro 351 00:18:45,000 --> 00:18:48,159 Speaker 1: Biden or pro trumple whatever, but I will say that 352 00:18:49,040 --> 00:18:52,560 Speaker 1: the Vice President Biden has been really deaf on this. 353 00:18:52,720 --> 00:18:55,840 Speaker 1: He's not said a lot at all about it. You 354 00:18:55,920 --> 00:18:58,720 Speaker 1: never really know what Trump's gonna do, but we don't 355 00:18:58,720 --> 00:19:01,520 Speaker 1: know what Biden is gonna do. Fascinating. Yeah, it's fascinating, 356 00:19:01,520 --> 00:19:02,840 Speaker 1: And I think and I hope. That's why I want 357 00:19:02,880 --> 00:19:04,840 Speaker 1: to hope that the debate still happens in Miami next week, 358 00:19:04,880 --> 00:19:06,800 Speaker 1: because it is supposed to be a little bit more 359 00:19:06,920 --> 00:19:09,879 Speaker 1: tinged toward foreign policy, and maybe people got to know 360 00:19:10,400 --> 00:19:12,920 Speaker 1: what both sides are going to be doing on foreign policy. Hey, 361 00:19:12,960 --> 00:19:15,400 Speaker 1: thank you so much, Dan David Pennsylvania guy for coming 362 00:19:15,400 --> 00:19:18,000 Speaker 1: on the program. I'm Kevin Surreli. This is Bloomberg One 363 00:19:19,240 --> 00:19:24,000 Speaker 1: Live from Our Nation's how do we reopen this economy? 364 00:19:24,080 --> 00:19:27,240 Speaker 1: The latest on how this pandemic is impacting farmers. What 365 00:19:27,320 --> 00:19:30,320 Speaker 1: does this do for the United States relationship with China? 366 00:19:30,480 --> 00:19:35,400 Speaker 1: Bloomberg Sound on the insidings, the influencers, the inside. We're 367 00:19:35,440 --> 00:19:38,639 Speaker 1: responding to this crisis and manufacturers are stepping up like 368 00:19:38,760 --> 00:19:42,320 Speaker 1: never before. We're looking at seventy Kennedys for different vaccines. 369 00:19:42,359 --> 00:19:45,000 Speaker 1: How do we make sure a pandemic of this scale 370 00:19:45,080 --> 00:19:49,160 Speaker 1: never happens again? This is Bloomberg Sound on with Kevin 371 00:19:49,240 --> 00:19:53,520 Speaker 1: Surrelate on Bloomberg and one oh five point seven f 372 00:19:53,640 --> 00:19:57,600 Speaker 1: M h D two. We're watching Walter read as President 373 00:19:57,600 --> 00:20:00,000 Speaker 1: Trump before they sets a depart Walter read the more 374 00:20:00,080 --> 00:20:04,280 Speaker 1: real hospital facilities later this evening, We've got every angle covered. 375 00:20:04,280 --> 00:20:06,760 Speaker 1: How it's going to impact the race, how does it 376 00:20:06,880 --> 00:20:09,720 Speaker 1: impact national security? How does it impact all of the 377 00:20:09,760 --> 00:20:14,600 Speaker 1: conversations on Capitol Hill from SCOTUS two, fiscal talks, all 378 00:20:14,640 --> 00:20:18,240 Speaker 1: of that, And yeah, I am in sunny Salt Lake city. 379 00:20:18,240 --> 00:20:21,639 Speaker 1: It's beautiful out here, folks. It's like warm, feels like 380 00:20:21,680 --> 00:20:24,399 Speaker 1: the spring in uh in d C. Verry dry, it's 381 00:20:24,480 --> 00:20:26,679 Speaker 1: kind of like a desert field. But I'm here for 382 00:20:26,960 --> 00:20:32,080 Speaker 1: Wednesday night's vice presidential debate between Democratic vice presidential nominique 383 00:20:32,119 --> 00:20:37,280 Speaker 1: Kamala Harris and Vice President Mike Pence, and we will 384 00:20:37,320 --> 00:20:39,359 Speaker 1: have continuing coverage for you all week out here in 385 00:20:39,359 --> 00:20:41,240 Speaker 1: the desert. They were gonna be like nine ft apart, 386 00:20:41,240 --> 00:20:44,040 Speaker 1: now the twelve ft apart social distancing. But the big 387 00:20:44,080 --> 00:20:46,680 Speaker 1: story of course tonight is President Donald Trump is leaving 388 00:20:46,720 --> 00:20:49,640 Speaker 1: the hospital after four days. The President tweeted that he's 389 00:20:49,680 --> 00:20:53,240 Speaker 1: quote feeling really good end quote, and he urged Americans 390 00:20:53,280 --> 00:20:56,000 Speaker 1: not to be afraid, even as more of his aids 391 00:20:56,040 --> 00:21:00,280 Speaker 1: contracted the coronavirus. Physician Sean Conley said, Trump quote not 392 00:21:00,480 --> 00:21:02,679 Speaker 1: entirely be out of the woods, end quote, but the 393 00:21:02,720 --> 00:21:05,439 Speaker 1: rest of his care can safely be performed at the 394 00:21:05,480 --> 00:21:08,959 Speaker 1: White House. More people there, meanwhile, are coping with a 395 00:21:09,000 --> 00:21:12,840 Speaker 1: widening outbreak, including Press Secretary Kaylee mcinney and two other 396 00:21:12,880 --> 00:21:15,840 Speaker 1: officials in her office who have tested positive. I want 397 00:21:15,840 --> 00:21:18,080 Speaker 1: to play for you what Dr Conley had to say 398 00:21:18,240 --> 00:21:20,520 Speaker 1: earlier today take a listen to a little bit of 399 00:21:20,520 --> 00:21:23,160 Speaker 1: what he had to say here. He is the President 400 00:21:23,200 --> 00:21:26,680 Speaker 1: has continued to improve, He's met or exceeded all standard 401 00:21:26,680 --> 00:21:30,400 Speaker 1: hospital discharge criteria, have received another dose of rom dezevie 402 00:21:30,440 --> 00:21:32,960 Speaker 1: here today, and then we planned to get him home. 403 00:21:34,240 --> 00:21:37,680 Speaker 1: That was Dr Connolly speaking earlier, and then he went 404 00:21:37,720 --> 00:21:39,440 Speaker 1: on to say that he's not out of the woods yet. 405 00:21:39,480 --> 00:21:41,760 Speaker 1: Here he is on that though he may not entirely 406 00:21:41,760 --> 00:21:43,879 Speaker 1: be out of the woods yet, the team and I 407 00:21:43,960 --> 00:21:47,920 Speaker 1: agree that all our evaluations and most importantly, his clinical status, 408 00:21:48,320 --> 00:21:51,640 Speaker 1: support the president's safe return home, where he'll be surrounded 409 00:21:51,640 --> 00:21:56,560 Speaker 1: by world class medical care. Drew Littman is a policy 410 00:21:56,560 --> 00:21:59,080 Speaker 1: director at Brownstein, Hyatt, Farber and shrek In. The former 411 00:21:59,160 --> 00:22:02,040 Speaker 1: chief of staff or editor Al Frankin, a Democrat, and 412 00:22:02,080 --> 00:22:04,800 Speaker 1: Brian Darling returns to the program as well. He is 413 00:22:04,840 --> 00:22:08,640 Speaker 1: the former senior communications director to Kentucky Senator Rand Paul. 414 00:22:08,680 --> 00:22:11,920 Speaker 1: He is also the founder of Liberty Government Affairs. Drew, 415 00:22:11,960 --> 00:22:14,199 Speaker 1: what does the first twenty four hours look like for 416 00:22:14,240 --> 00:22:18,600 Speaker 1: President Trump when he returns to the White House. Well, 417 00:22:18,640 --> 00:22:21,280 Speaker 1: I think they have some big decisions to make, and 418 00:22:21,400 --> 00:22:23,879 Speaker 1: I can't predict how those decisions will come out. But 419 00:22:24,000 --> 00:22:27,760 Speaker 1: everyone who's anywhere near him, and anyone who's near anyone 420 00:22:27,800 --> 00:22:31,480 Speaker 1: who's near him should be wearing personal protective equipment. Everyone 421 00:22:31,520 --> 00:22:35,560 Speaker 1: has to mask up. Um. This is really an opportunity 422 00:22:35,720 --> 00:22:38,119 Speaker 1: for them to make a change, and I think to 423 00:22:38,280 --> 00:22:40,440 Speaker 1: set an example for the public and to show people 424 00:22:40,440 --> 00:22:43,199 Speaker 1: they're taking it seriously. Look, the public is very clear 425 00:22:44,000 --> 00:22:47,520 Speaker 1: in believing that the President hasn't taken this seriously enough. 426 00:22:47,880 --> 00:22:50,000 Speaker 1: But there's gonna be so much scrutiny over the next 427 00:22:50,000 --> 00:22:52,240 Speaker 1: couple of days. You can turn that around, I think, 428 00:22:52,320 --> 00:22:55,000 Speaker 1: very quickly. Coming up later on the program, we're going 429 00:22:55,040 --> 00:22:58,879 Speaker 1: to dive into the policy implications, including what happens to 430 00:22:58,920 --> 00:23:02,720 Speaker 1: the Senate Judiciary Committee, as well as fiscal stimulus talks, 431 00:23:02,800 --> 00:23:06,919 Speaker 1: and of course the political implications of the race. But Brian, 432 00:23:07,119 --> 00:23:10,160 Speaker 1: I mean, in conversations that I was having earlier today 433 00:23:10,200 --> 00:23:14,120 Speaker 1: with staffers and campaign aids, I can tell you that 434 00:23:14,440 --> 00:23:17,800 Speaker 1: there's there's a palpable level of anxiety that has gripped 435 00:23:18,080 --> 00:23:20,119 Speaker 1: this White House at the staff level as well as 436 00:23:20,160 --> 00:23:24,119 Speaker 1: on the re election campaign effort, just about concern just 437 00:23:24,200 --> 00:23:26,440 Speaker 1: about their own safety, you know, and and and and 438 00:23:26,600 --> 00:23:28,520 Speaker 1: quite honestly, I mean, you would you would think that 439 00:23:29,480 --> 00:23:32,960 Speaker 1: Pennsylvania Avenue and even Congress where senators let's we'll talk 440 00:23:33,000 --> 00:23:36,399 Speaker 1: about that too, uh, for senators have contracted this virus, 441 00:23:36,400 --> 00:23:39,760 Speaker 1: would be amongst the safest places in the world, literally 442 00:23:39,760 --> 00:23:43,119 Speaker 1: in the world on the planet for for people to 443 00:23:43,119 --> 00:23:47,119 Speaker 1: to feel safe. But that just isn't the case. Brian Darling, Yeah, 444 00:23:47,119 --> 00:23:49,800 Speaker 1: it isn't the case. I mean, I guess it shows 445 00:23:49,840 --> 00:23:53,400 Speaker 1: how serious the situation is when you have your world leaders, 446 00:23:53,800 --> 00:23:56,160 Speaker 1: you know, your leaders in the United States getting sick, 447 00:23:56,240 --> 00:23:58,800 Speaker 1: and you have members of Congress getting sick, and it 448 00:23:58,880 --> 00:24:01,760 Speaker 1: shows that this is a a real, you know, something 449 00:24:01,800 --> 00:24:05,159 Speaker 1: that people need to take very very seriously. I know 450 00:24:05,200 --> 00:24:07,560 Speaker 1: a lot of people have gotten maybe a little lack 451 00:24:07,560 --> 00:24:11,600 Speaker 1: of daisical over the last few months, a little less mask, wearing, 452 00:24:11,640 --> 00:24:14,399 Speaker 1: a little more getting back to normal. I know in 453 00:24:14,400 --> 00:24:17,280 Speaker 1: in my life, you know, my kids are itching to 454 00:24:17,320 --> 00:24:19,680 Speaker 1: go back to school, and there's a big debate whether 455 00:24:19,760 --> 00:24:21,920 Speaker 1: kids should go to school or not. And I think 456 00:24:21,960 --> 00:24:23,879 Speaker 1: that the whole the whole nation is going through that. 457 00:24:23,960 --> 00:24:26,639 Speaker 1: But it does show that, um, this is a really 458 00:24:26,760 --> 00:24:29,359 Speaker 1: difficult situation we're in right now. And when you have 459 00:24:29,440 --> 00:24:32,399 Speaker 1: the president under scrutiny for this, when you should be 460 00:24:32,400 --> 00:24:36,560 Speaker 1: out campaigning. It just shows that, um, the October surprise 461 00:24:36,640 --> 00:24:39,639 Speaker 1: came early and it was really something that's thrown the 462 00:24:39,720 --> 00:24:43,040 Speaker 1: whole Trump campaign really really out of whack. Well, I 463 00:24:43,359 --> 00:24:45,040 Speaker 1: want to play for you a little bit of Deputy 464 00:24:45,040 --> 00:24:48,040 Speaker 1: Press Secretary Brian morgancern on the virus at the White House. 465 00:24:48,200 --> 00:24:50,200 Speaker 1: Take a listen to what he said about senior staffers 466 00:24:50,200 --> 00:24:53,800 Speaker 1: contracting it. Here he is the senior staff of the 467 00:24:53,800 --> 00:24:57,800 Speaker 1: White House are essential workers. Pursuergen CDC guidance and continue 468 00:24:57,840 --> 00:25:01,040 Speaker 1: to work, but you remain vigilant. But then he went 469 00:25:01,119 --> 00:25:05,320 Speaker 1: on to to talk about, uh, whether or not they 470 00:25:05,320 --> 00:25:09,200 Speaker 1: had any regrets regarding any maskless gatherings. And here here 471 00:25:09,240 --> 00:25:11,679 Speaker 1: he was asked about this earlier today. Here here he 472 00:25:11,760 --> 00:25:14,119 Speaker 1: is on on that White House event with regards to 473 00:25:14,160 --> 00:25:17,040 Speaker 1: Judge Amy Coney Barrett. We know what to do when 474 00:25:17,880 --> 00:25:21,919 Speaker 1: someone gets sick. It's we reassess has anybody been in 475 00:25:21,960 --> 00:25:24,000 Speaker 1: close contact and they need to get another test and 476 00:25:24,040 --> 00:25:27,640 Speaker 1: they need to work remotely. That's what we're seeing. Kayley's 477 00:25:27,680 --> 00:25:30,879 Speaker 1: carrying it out. I was struck by this, you know, 478 00:25:31,000 --> 00:25:34,600 Speaker 1: and and and truthfully, uh, whether it's happening in the 479 00:25:34,680 --> 00:25:37,400 Speaker 1: NFL with the Tennessee Titans, or or whether it's happening 480 00:25:37,600 --> 00:25:40,800 Speaker 1: happening at Pennsylvania Avenue. I think, Brian, you just hit 481 00:25:40,840 --> 00:25:42,719 Speaker 1: the nail on the head. No one's immune to this virus. 482 00:25:43,040 --> 00:25:45,000 Speaker 1: No one is immune to this virus. There's no It 483 00:25:45,040 --> 00:25:48,280 Speaker 1: doesn't matter how senior ranking you are, it doesn't matter 484 00:25:48,400 --> 00:25:51,000 Speaker 1: how how much talent you have, it doesn't matter, you know. 485 00:25:51,040 --> 00:25:55,480 Speaker 1: And so I think, whether or not you know, if 486 00:25:55,520 --> 00:26:00,920 Speaker 1: this is an illustration to that Drew Littman, Well, I agree, 487 00:26:01,119 --> 00:26:04,400 Speaker 1: and and I go back to the debate and what 488 00:26:04,440 --> 00:26:06,879 Speaker 1: President Trump had to do in the debate and didn't do, 489 00:26:07,560 --> 00:26:10,639 Speaker 1: and the opportunity to make up for some lost ground 490 00:26:11,119 --> 00:26:14,840 Speaker 1: by recognizing that everyone is vulnerable. He himself is vulnerable. 491 00:26:15,200 --> 00:26:17,520 Speaker 1: It's something to be taken seriously and not him for 492 00:26:17,520 --> 00:26:20,199 Speaker 1: a loop. There's no shame in admitting it, and and 493 00:26:20,320 --> 00:26:23,359 Speaker 1: to put serious protocols in place like much of the 494 00:26:23,359 --> 00:26:27,400 Speaker 1: rest of the country has done. Um, President Trump didn't 495 00:26:27,400 --> 00:26:29,080 Speaker 1: show that kind of interest, he didn't show that kind 496 00:26:29,080 --> 00:26:31,960 Speaker 1: of empathy at the debate. That's a that's a missed 497 00:26:31,960 --> 00:26:35,200 Speaker 1: opportunity that he can make up for now. I'm struck 498 00:26:35,240 --> 00:26:38,160 Speaker 1: by the fact that he's facing the largest gender gap 499 00:26:38,480 --> 00:26:42,400 Speaker 1: of any presidential candidate in history. If you're looking at 500 00:26:42,440 --> 00:26:46,080 Speaker 1: your female suburban voters and what it is they're paying 501 00:26:46,080 --> 00:26:49,080 Speaker 1: attention to, the President would be well advised to show 502 00:26:49,119 --> 00:26:50,640 Speaker 1: that he is trying to take care of the White 503 00:26:50,640 --> 00:26:53,320 Speaker 1: House staff. And there's a course that Wall Street Journal 504 00:26:53,400 --> 00:26:55,240 Speaker 1: NBC News pull that came out in the last twenty 505 00:26:55,280 --> 00:26:59,960 Speaker 1: four hours that has President Trump at pent nationally, Joe 506 00:27:00,040 --> 00:27:04,520 Speaker 1: Biden at fift nationally, and then you get into, you know, 507 00:27:04,560 --> 00:27:07,080 Speaker 1: whether or not the political implications. I didn't think it 508 00:27:07,160 --> 00:27:09,919 Speaker 1: was appropriate to do this on Friday given everything going on, 509 00:27:10,000 --> 00:27:11,720 Speaker 1: but now that he is set to be leaving the 510 00:27:11,720 --> 00:27:14,800 Speaker 1: White House, you know, you've got Brazil president, Brazil President 511 00:27:14,840 --> 00:27:17,720 Speaker 1: Fulsinaro who got a bump in the polls after contracting 512 00:27:17,720 --> 00:27:21,040 Speaker 1: the coronavirus, as well as UK Prime Minister Boris Johnson. 513 00:27:21,080 --> 00:27:22,680 Speaker 1: He also got a bump, but then he went back down. 514 00:27:22,760 --> 00:27:25,679 Speaker 1: So you know, he's only the third world leader that 515 00:27:25,720 --> 00:27:29,159 Speaker 1: we know of to get COVID nineteen uh And you know, 516 00:27:29,240 --> 00:27:31,840 Speaker 1: we're we're what what are we less than a month 517 00:27:31,840 --> 00:27:34,680 Speaker 1: out literally less than a month out from election day, 518 00:27:34,720 --> 00:27:36,960 Speaker 1: So a lot to breakdown, a lot to get through. 519 00:27:37,080 --> 00:27:39,520 Speaker 1: So grateful for our panel, UH coming up, we're gonna 520 00:27:39,560 --> 00:27:41,400 Speaker 1: talk more about We're gonna head to capital hip. We're 521 00:27:41,400 --> 00:27:44,880 Speaker 1: gonna make the next block focused on fiscal stimulus and SCOTUS. 522 00:27:44,920 --> 00:27:47,399 Speaker 1: My name is Kevin CERELLI I'm the chief Washington correspondent 523 00:27:47,520 --> 00:27:49,879 Speaker 1: for Bloomberg Television and for Bloomberg Radio. Remember you can 524 00:27:49,880 --> 00:27:52,080 Speaker 1: download the Bloomberg son On podcast on Apple it tunes 525 00:27:52,080 --> 00:27:54,880 Speaker 1: of Blomberg dot com or by downloading the Bloomberg Business app. 526 00:27:54,920 --> 00:27:56,840 Speaker 1: You can also find me on Radio dot com, I 527 00:27:56,960 --> 00:28:00,320 Speaker 1: Heart Radio and Spotify. You know it's been in tense 528 00:28:00,359 --> 00:28:03,720 Speaker 1: news cycle, but hey the Eagles one, you're listening to Bloomberg. 529 00:28:06,680 --> 00:28:11,280 Speaker 1: This is Bloomberg's Sound On with Kevin Surreley on Bloomberg 530 00:28:12,400 --> 00:28:14,800 Speaker 1: and one oh five point seven f M h D two. 531 00:28:15,760 --> 00:28:18,200 Speaker 1: My name is Kevin Surley. I'm the chief Washington correspondent 532 00:28:18,240 --> 00:28:21,359 Speaker 1: for Bloomberg Television and for Bloomberg Radio. And our producer 533 00:28:21,400 --> 00:28:24,200 Speaker 1: Dave at Sexramon points out several world leaders have contracted 534 00:28:24,240 --> 00:28:28,040 Speaker 1: COVID nineteen Wilson Arrow and Boris Johnson. Of course, two 535 00:28:28,040 --> 00:28:32,600 Speaker 1: of the UH two leaders who we have political polling 536 00:28:32,680 --> 00:28:36,840 Speaker 1: data on readily available are panels with us. I want 537 00:28:36,840 --> 00:28:40,000 Speaker 1: to dive into policy right because there was just so much. Yeah, 538 00:28:40,040 --> 00:28:42,120 Speaker 1: it's a political seasons, but but I do want to 539 00:28:42,120 --> 00:28:44,280 Speaker 1: get into the policy of just the impact of the 540 00:28:44,800 --> 00:28:49,360 Speaker 1: commander in chief's health coupled with the nation's health as 541 00:28:49,360 --> 00:28:52,320 Speaker 1: well the nation's economic health. Drew Litman's with us A 542 00:28:52,360 --> 00:28:54,960 Speaker 1: policy director at Brownstein, Hiatt Farber and Shrek and of 543 00:28:54,960 --> 00:28:57,200 Speaker 1: course the former chief of staff to Senator Al Franken 544 00:28:57,440 --> 00:29:00,760 Speaker 1: and Brian Darling, former senior COMPS director for Kentucky Senator 545 00:29:00,840 --> 00:29:05,000 Speaker 1: Ram Paul and the founder of Liberty Government Affairs. You know. Uh. 546 00:29:05,480 --> 00:29:09,240 Speaker 1: In terms of what went onto the markets today, US 547 00:29:09,280 --> 00:29:12,240 Speaker 1: stocks climbed to a three week high on optimism that 548 00:29:12,280 --> 00:29:14,680 Speaker 1: the White House and Democrats will reach a stimulus deal 549 00:29:15,120 --> 00:29:17,480 Speaker 1: and that the President will soon be released. This of 550 00:29:17,560 --> 00:29:20,640 Speaker 1: course as regals movie screens are gonna go dark in 551 00:29:20,640 --> 00:29:22,560 Speaker 1: the US for a couple of months. That's the second 552 00:29:22,600 --> 00:29:26,000 Speaker 1: largest cinema chain in the United States. And we get 553 00:29:26,000 --> 00:29:30,200 Speaker 1: more developments as uh that the volatility in the markets 554 00:29:30,240 --> 00:29:34,360 Speaker 1: that is that is being anticipated, uh come November three. Uh, 555 00:29:34,440 --> 00:29:39,000 Speaker 1: this as Joe Biden is starting to enjoy a larger 556 00:29:39,040 --> 00:29:42,440 Speaker 1: and larger national polling lead. So I say all of 557 00:29:42,480 --> 00:29:46,360 Speaker 1: that as let's zero in on fiscal stimulus talks and 558 00:29:46,440 --> 00:29:49,080 Speaker 1: let's narrow it down and zoom in. Because one of 559 00:29:49,120 --> 00:29:51,520 Speaker 1: the phone calls that President Trump made from Walter Reid 560 00:29:52,200 --> 00:29:55,480 Speaker 1: Brian Darling over the weekend was to Senate Majority Leader 561 00:29:55,520 --> 00:29:58,240 Speaker 1: Mitch McConnell. I was struck by this over the weekend, 562 00:29:58,280 --> 00:30:01,920 Speaker 1: and he tweeted out after and he said, Hey, we're talking. 563 00:30:02,480 --> 00:30:05,720 Speaker 1: We're talking. He wants a fiscal stimulus deal. This could 564 00:30:05,800 --> 00:30:08,840 Speaker 1: be I mean, uh, you could make the case, Brian 565 00:30:09,520 --> 00:30:12,640 Speaker 1: that in terms of a fiscal stimulus deal, the president 566 00:30:12,920 --> 00:30:17,320 Speaker 1: trailing fourteen percentage points nationally is a fiscal stimulus deal 567 00:30:17,400 --> 00:30:22,760 Speaker 1: from a from a political standpoint, a smart play. Yes, 568 00:30:23,320 --> 00:30:25,800 Speaker 1: it's a victory. I mean, he's going trying to get 569 00:30:25,800 --> 00:30:27,600 Speaker 1: a victory, trying to put points in the board. It 570 00:30:27,600 --> 00:30:30,840 Speaker 1: will change the subject away from, you know, his illness. 571 00:30:30,880 --> 00:30:32,800 Speaker 1: If he is in the middle of talks and talking 572 00:30:32,840 --> 00:30:36,520 Speaker 1: about negotiations and and trying to negotiate over the phone, 573 00:30:36,880 --> 00:30:38,600 Speaker 1: I think, you know the best way to change the 574 00:30:38,640 --> 00:30:42,680 Speaker 1: subject is to to talk about the stimulus. And it's tough. 575 00:30:42,720 --> 00:30:45,680 Speaker 1: I think it's tough for Democrats in one sense because 576 00:30:45,720 --> 00:30:47,600 Speaker 1: they don't want to be seen as blocking it. I mean, 577 00:30:47,640 --> 00:30:51,400 Speaker 1: they have passed um a couple of stimulus plans in 578 00:30:51,480 --> 00:30:53,680 Speaker 1: the House, but the problem is the Senate's not going 579 00:30:53,720 --> 00:30:56,280 Speaker 1: to accept the state bailout. They're not big on the 580 00:30:56,320 --> 00:30:59,560 Speaker 1: bail out of the Post Office. So the d devils 581 00:30:59,600 --> 00:31:01,440 Speaker 1: in the d tills that they're gonna have a hard 582 00:31:01,440 --> 00:31:04,120 Speaker 1: time agreeing on what actually stimulus looks like. But I 583 00:31:04,160 --> 00:31:07,480 Speaker 1: think both sides want a deal to help their incumbents 584 00:31:08,560 --> 00:31:11,120 Speaker 1: come in here, Drew Littman, because when I talked to 585 00:31:11,200 --> 00:31:13,680 Speaker 1: some moderate Democrats up on Capital, Hell, they want a 586 00:31:13,760 --> 00:31:16,160 Speaker 1: deal and they're feeling the pressure too. I mean, they 587 00:31:16,160 --> 00:31:18,240 Speaker 1: are really feeling the pressure. And you come from one 588 00:31:18,240 --> 00:31:20,360 Speaker 1: of those moderate that that world thought, you know, the 589 00:31:20,400 --> 00:31:24,080 Speaker 1: Al Frankin wing of the Democratic Party, you know, I mean, 590 00:31:24,120 --> 00:31:28,200 Speaker 1: they're they're frustrated that the Democratic Socialists have have have 591 00:31:28,200 --> 00:31:31,760 Speaker 1: have kept this from coming to a vote. Well, yeah, 592 00:31:31,840 --> 00:31:35,920 Speaker 1: I'm not going to abandon my Socialists. But shrontline Democrats, 593 00:31:35,960 --> 00:31:38,240 Speaker 1: you know, that's the term they used for people with 594 00:31:38,320 --> 00:31:41,640 Speaker 1: the toughest races. Shrontline Democrats are very eager to get 595 00:31:41,640 --> 00:31:45,600 Speaker 1: a deal. And Pelosi, despite the public perception of her 596 00:31:45,720 --> 00:31:49,520 Speaker 1: is extremely liberal, is very solicitous of our frontline members. 597 00:31:50,120 --> 00:31:52,240 Speaker 1: You know, the objective of the speaker, the objective of 598 00:31:52,240 --> 00:31:54,640 Speaker 1: the majority leader in the Senate's always the same to 599 00:31:54,680 --> 00:31:57,440 Speaker 1: continue being the speaker or the majority leader, and you 600 00:31:57,480 --> 00:32:00,400 Speaker 1: need a majority to do that. Pelosy part the reason 601 00:32:00,480 --> 00:32:04,000 Speaker 1: she's persisted so long is that she's very aware on 602 00:32:04,040 --> 00:32:07,520 Speaker 1: a district by district basis of what her members need, 603 00:32:07,760 --> 00:32:10,920 Speaker 1: and those I don't necessarily want to call them moderate 604 00:32:11,120 --> 00:32:13,239 Speaker 1: because most of the Democrats in the House now are 605 00:32:13,240 --> 00:32:15,960 Speaker 1: pretty progressive, even the ones in tough districts. But the 606 00:32:16,000 --> 00:32:19,560 Speaker 1: ones in tough districts, the forty you who flipped seats 607 00:32:19,560 --> 00:32:23,360 Speaker 1: in the mid terms, they need a little help. They 608 00:32:23,400 --> 00:32:26,280 Speaker 1: need a little boost for those frontline Democrats have been 609 00:32:26,320 --> 00:32:31,280 Speaker 1: raising money very successfully, but they need another legislative win. 610 00:32:31,360 --> 00:32:33,880 Speaker 1: I think you know in New York City, here we are, folks. 611 00:32:34,160 --> 00:32:36,680 Speaker 1: New York City is gonna shut schools and non essential 612 00:32:36,720 --> 00:32:40,800 Speaker 1: businesses and nine hot spots. Paris meanwhile, is declaring a 613 00:32:40,880 --> 00:32:44,880 Speaker 1: maximum alert zone with bars, dance halls, and sports halls closing. 614 00:32:45,280 --> 00:32:48,440 Speaker 1: Restaurants over there can can stay open, and global infections 615 00:32:48,480 --> 00:32:51,640 Speaker 1: are surpassing thirty five million. I told you regal shutting 616 00:32:51,640 --> 00:32:54,560 Speaker 1: down the movie theaters for for the next couple of months, 617 00:32:55,040 --> 00:32:58,240 Speaker 1: and you get all of these news, the drip drip 618 00:32:58,480 --> 00:33:01,920 Speaker 1: drip of furloughs, layoffs continuing. I don't see how they 619 00:33:01,920 --> 00:33:04,000 Speaker 1: don't pass a deal, Brian. I don't see how they 620 00:33:04,040 --> 00:33:07,280 Speaker 1: don't pass a deal just from an economic semuls, I'm 621 00:33:07,320 --> 00:33:10,480 Speaker 1: baffled that it's taken this long, Brian. I mean when 622 00:33:10,480 --> 00:33:13,000 Speaker 1: you drive down the street and you're wherever you you 623 00:33:13,000 --> 00:33:15,880 Speaker 1: guys live, I mean, you can see the devastation of 624 00:33:15,960 --> 00:33:20,240 Speaker 1: small businesses. I mean it's clear that you can't even 625 00:33:20,280 --> 00:33:21,600 Speaker 1: go out on you sure. I mean they're shutting down 626 00:33:21,640 --> 00:33:23,440 Speaker 1: the bars on you street, and here in Salt Lake. 627 00:33:23,480 --> 00:33:26,600 Speaker 1: I mean it's remarkable to see. I mean even you know, 628 00:33:26,760 --> 00:33:29,520 Speaker 1: we even it's just remarkable. I didn't mean to cut 629 00:33:29,520 --> 00:33:31,800 Speaker 1: you off. There, go ahead, No, it's no, you're right. 630 00:33:31,840 --> 00:33:34,240 Speaker 1: I mean it's you see it everywhere. I mean where 631 00:33:34,240 --> 00:33:36,360 Speaker 1: I'm in Maryland, you see it. I just drive down 632 00:33:36,400 --> 00:33:39,400 Speaker 1: the street and I see local, little, small local business 633 00:33:39,440 --> 00:33:42,640 Speaker 1: after small local business that's shut down. So there is 634 00:33:42,920 --> 00:33:46,280 Speaker 1: Obviously people want to see a stimulus passed. They want 635 00:33:46,320 --> 00:33:50,000 Speaker 1: to see businesses save, they want to see the economy turnaround. 636 00:33:50,040 --> 00:33:52,560 Speaker 1: Where people can go back to work. And again, you 637 00:33:52,560 --> 00:33:55,440 Speaker 1: know what the problem is is that the Democrat ask 638 00:33:55,640 --> 00:33:58,960 Speaker 1: is very different from the Republican ask. And they all 639 00:33:59,000 --> 00:34:00,840 Speaker 1: want a deal. I mean, if you President Trump, you 640 00:34:00,880 --> 00:34:03,000 Speaker 1: want to have a victory. If you're Nancy Pelosi, you 641 00:34:03,000 --> 00:34:06,240 Speaker 1: want to be speaker. If you're I mean, if you're 642 00:34:06,280 --> 00:34:08,720 Speaker 1: if you're Mims McConnell's same thing, you want to retain 643 00:34:08,760 --> 00:34:12,000 Speaker 1: that majority. So the leadership has an interest in striking 644 00:34:12,000 --> 00:34:15,240 Speaker 1: a deal. But the big problem is can they strike 645 00:34:15,280 --> 00:34:18,319 Speaker 1: a deal, because can they actually agree on the specifics 646 00:34:18,320 --> 00:34:20,399 Speaker 1: of what goes into the deal. Yeah, And I don't 647 00:34:20,400 --> 00:34:23,000 Speaker 1: want to be just all too negative because I also think, 648 00:34:23,000 --> 00:34:24,520 Speaker 1: you know, we don't talk about it enough, but just 649 00:34:24,600 --> 00:34:27,520 Speaker 1: the small businesses that have really really rolled up their sleeping, 650 00:34:27,560 --> 00:34:30,080 Speaker 1: healthy community. I'm thinking I was at the twenty nine Diner, 651 00:34:30,120 --> 00:34:32,520 Speaker 1: one of my favorite diners in UM in the d 652 00:34:32,680 --> 00:34:34,799 Speaker 1: m V had to get out of d C and 653 00:34:35,040 --> 00:34:37,759 Speaker 1: having my pancakes. And what they've done for veteran suicide, 654 00:34:38,000 --> 00:34:41,680 Speaker 1: what John's done over there for for veterans suicide, I mean, 655 00:34:41,719 --> 00:34:44,840 Speaker 1: it is it is incredible. And how they're feeding the community, 656 00:34:44,920 --> 00:34:46,600 Speaker 1: I mean that that's the stuff that I love to 657 00:34:46,640 --> 00:34:49,719 Speaker 1: hear about just quickly in terms of the fiscal stimulus. 658 00:34:49,760 --> 00:34:54,040 Speaker 1: I think of that specifically, uh, Drew, And I think 659 00:34:54,040 --> 00:34:55,960 Speaker 1: of the people that are hurting. I think of those 660 00:34:56,000 --> 00:34:58,800 Speaker 1: kids you don't aren't able to get food for lunches 661 00:34:58,840 --> 00:35:02,560 Speaker 1: and whatnot, and the certainty injected into their lives. I'm 662 00:35:02,640 --> 00:35:05,680 Speaker 1: telling you to me, Pelosi, I don't I don't see 663 00:35:05,760 --> 00:35:08,120 Speaker 1: how she can't get to a compromise. I don't see it, Drew. 664 00:35:09,280 --> 00:35:11,359 Speaker 1: I think there's gonna be a deal if you look 665 00:35:11,400 --> 00:35:14,960 Speaker 1: at the specifics of where the differences are. These are 666 00:35:15,000 --> 00:35:20,920 Speaker 1: eminently spolitical or bridgeable differences. Republicans want four hundred dollars 667 00:35:20,920 --> 00:35:24,920 Speaker 1: a week in additional unemployment benefits. Democrats want six hundred 668 00:35:24,920 --> 00:35:27,200 Speaker 1: a week. I mean, I've been in this town from 669 00:35:27,200 --> 00:35:29,520 Speaker 1: more than thirty years. Do you know have the playoffs 670 00:35:29,719 --> 00:35:32,760 Speaker 1: they come to an agreement somewhere in between or something 671 00:35:32,760 --> 00:35:35,200 Speaker 1: else gets traded off. But with their fighting over now 672 00:35:35,560 --> 00:35:40,279 Speaker 1: tax credits for children's families, Um, you know, because you're 673 00:35:40,280 --> 00:35:42,640 Speaker 1: gonna talk, we're gonna talk more about it. But you're 674 00:35:42,680 --> 00:35:45,520 Speaker 1: making me feel young. You've been a DC longer than 675 00:35:45,520 --> 00:35:48,239 Speaker 1: I've been alive, Buddy. I love it. All right, coming 676 00:35:48,320 --> 00:35:50,239 Speaker 1: up next, we got a doctor to talk to us 677 00:35:50,239 --> 00:35:54,480 Speaker 1: about COVID nineteen Drew Bryan. Appreciate you guys staying on 678 00:35:54,600 --> 00:35:59,360 Speaker 1: with us. I'm Kevin's really you're listening to Bloomberg. This 679 00:36:00,040 --> 00:36:05,120 Speaker 1: is Bloomberg Sound On with Kevin Slate on Bloomberg and 680 00:36:05,239 --> 00:36:07,439 Speaker 1: one oh five point seven f m h D two. 681 00:36:08,600 --> 00:36:11,640 Speaker 1: My name is Kevin Cereli. I'm the chief Washington correspondent 682 00:36:11,680 --> 00:36:15,319 Speaker 1: for Bloomberg Television and for Bloomberg Radio. You know, I 683 00:36:15,320 --> 00:36:18,279 Speaker 1: gotta tell you, I feel like all of us are 684 00:36:19,280 --> 00:36:21,360 Speaker 1: reading up even more so, even more so than we 685 00:36:21,360 --> 00:36:24,200 Speaker 1: have been all year on the coronavirus. And and I'm 686 00:36:24,200 --> 00:36:26,400 Speaker 1: so grateful for our next guest because I want to 687 00:36:26,440 --> 00:36:29,800 Speaker 1: dive down into the vaccination process. What's going on with everything. 688 00:36:29,800 --> 00:36:32,120 Speaker 1: There's so much misinformation out there. And I said, we 689 00:36:32,160 --> 00:36:36,000 Speaker 1: gotta get a doctor. So are indefatigable. Uh, Matt Shirley 690 00:36:36,080 --> 00:36:39,719 Speaker 1: a Bloomberg. Matthew Shirley said, you gotta talk to Michael Kinch. 691 00:36:39,760 --> 00:36:42,319 Speaker 1: She's the director of the Centers for Research and Innovations 692 00:36:42,320 --> 00:36:46,520 Speaker 1: and Biotech and Drug Discovery at Washington University in St. Louis. 693 00:36:46,560 --> 00:36:50,360 Speaker 1: I said, all right, Dr Kinch, welcome to the program. Uh. 694 00:36:50,640 --> 00:36:54,400 Speaker 1: You know, here we are on standby for President Trump 695 00:36:54,440 --> 00:36:58,840 Speaker 1: sets to leave reportedly Walter Reid later this evening, and 696 00:36:58,880 --> 00:37:04,359 Speaker 1: he's gonna be working from home, which is the White House. Uh. 697 00:37:04,480 --> 00:37:06,919 Speaker 1: And we've we've heard so much about m Desivie, We've 698 00:37:06,920 --> 00:37:11,560 Speaker 1: heard so much about Regenera on pharmaceuticals. Uh, antibody cocktail. 699 00:37:11,600 --> 00:37:14,040 Speaker 1: I didn't know what antibody cocktail was. Can you just 700 00:37:14,120 --> 00:37:17,560 Speaker 1: talk to us, Dr Kinch about what drugs the president 701 00:37:17,680 --> 00:37:21,000 Speaker 1: is on and and you know the FDA approval process, 702 00:37:21,040 --> 00:37:23,840 Speaker 1: Just tell us what the president is taking and what 703 00:37:24,080 --> 00:37:26,879 Speaker 1: and how it might help him, and just go into 704 00:37:26,880 --> 00:37:30,560 Speaker 1: the specifics for us because there's so much confusion. So 705 00:37:31,080 --> 00:37:34,080 Speaker 1: my understanding is that he is on three different medicines, 706 00:37:34,200 --> 00:37:36,920 Speaker 1: only one of which has been formally approved by the FDA, 707 00:37:37,480 --> 00:37:40,200 Speaker 1: and that medicine is a steroid called dex and methodzone. 708 00:37:40,800 --> 00:37:43,480 Speaker 1: And the idea of dex and methadzone is actually that 709 00:37:43,600 --> 00:37:46,600 Speaker 1: it's a steroid that tends to knock down your immune system. 710 00:37:46,920 --> 00:37:48,760 Speaker 1: And you may think, well, that's kind of odd because 711 00:37:48,760 --> 00:37:50,920 Speaker 1: you would want the immune reaction to be able to 712 00:37:50,920 --> 00:37:53,520 Speaker 1: combat the virus. But it turns out that A major 713 00:37:53,560 --> 00:37:57,279 Speaker 1: reason why people get sick and die from COVID is 714 00:37:57,320 --> 00:38:00,560 Speaker 1: an overresponsiveness of the immune system. So you tamp it 715 00:38:00,640 --> 00:38:02,680 Speaker 1: down at the right time and in the right way, 716 00:38:03,000 --> 00:38:06,120 Speaker 1: that can decrease the likelihood that the sudden surge of 717 00:38:06,160 --> 00:38:09,480 Speaker 1: immune activity could be deadly. I want to come in here. 718 00:38:09,520 --> 00:38:11,759 Speaker 1: Can you repeat that, because that kind of made sense 719 00:38:11,800 --> 00:38:13,879 Speaker 1: to me. Dr Kinch, But not really, because this goes 720 00:38:13,920 --> 00:38:16,600 Speaker 1: against everything that I thought, which is, you know, take 721 00:38:16,640 --> 00:38:19,399 Speaker 1: my vitamin C, take my D three, you know, get 722 00:38:19,440 --> 00:38:22,200 Speaker 1: my sunlight. My mother's telling me to take zinc. I said, 723 00:38:22,200 --> 00:38:24,600 Speaker 1: I can't find zinc anywhere she goes. Well, too bad. 724 00:38:24,920 --> 00:38:28,240 Speaker 1: I mean, we break us down about the immune system 725 00:38:28,280 --> 00:38:31,880 Speaker 1: in particular because the light bulbs flickering above my head, doctor, 726 00:38:31,880 --> 00:38:34,960 Speaker 1: but it hasn't gone off yet. That's fine. So the 727 00:38:35,000 --> 00:38:40,880 Speaker 1: immune system of the time functions to fight an infection, 728 00:38:41,160 --> 00:38:43,319 Speaker 1: and you want the immune system to be strong and 729 00:38:43,360 --> 00:38:47,040 Speaker 1: powerful in certain cases, and COVID is one of them, 730 00:38:47,120 --> 00:38:50,239 Speaker 1: and for example, EPOLDA is a different one. Then it 731 00:38:50,280 --> 00:38:53,480 Speaker 1: turns out that a very very strong immune response actually 732 00:38:53,520 --> 00:38:56,839 Speaker 1: contributes to the damage that's caused by the infection. So 733 00:38:56,880 --> 00:39:01,000 Speaker 1: basically you're overreacting and as far as the systems concerned. 734 00:39:01,400 --> 00:39:04,000 Speaker 1: So it's again it's a fine balance, because what you 735 00:39:04,080 --> 00:39:06,360 Speaker 1: don't want to do is to shut down the immune 736 00:39:06,400 --> 00:39:10,000 Speaker 1: system so much that you now become infectious to COVID 737 00:39:10,080 --> 00:39:14,279 Speaker 1: even worse, or get a pneumonia from the bacterium because 738 00:39:14,280 --> 00:39:16,839 Speaker 1: now you can't fight that bacterium. So it's a real 739 00:39:16,920 --> 00:39:19,600 Speaker 1: fine balancing act. And frankly, we're learning as we go, 740 00:39:19,840 --> 00:39:22,840 Speaker 1: which is to be blood a reason why it's a 741 00:39:22,960 --> 00:39:26,160 Speaker 1: terrible idea for the President to leave the hospital at 742 00:39:26,160 --> 00:39:30,680 Speaker 1: this point. Now there's something else that's sorry, no, no, 743 00:39:30,680 --> 00:39:32,640 Speaker 1: go ahead to finish your thought, as I say, to 744 00:39:32,760 --> 00:39:35,800 Speaker 1: something else, which is that lung infections and the lungs 745 00:39:35,800 --> 00:39:39,000 Speaker 1: are actually really amazing. We can lose a large fraction 746 00:39:39,040 --> 00:39:41,640 Speaker 1: of our lung activity, let's say, even two thirds of 747 00:39:41,680 --> 00:39:45,680 Speaker 1: it before we feel any symptoms. And what that means 748 00:39:45,800 --> 00:39:48,120 Speaker 1: is that by the time that you're having symptoms, you 749 00:39:48,200 --> 00:39:50,440 Speaker 1: might have lost far more than two thirds of your 750 00:39:50,520 --> 00:39:53,480 Speaker 1: lung activity and you might be near collapse. And that's 751 00:39:53,480 --> 00:39:57,520 Speaker 1: again another reason why it's a bad idea to convince 752 00:39:57,560 --> 00:40:01,399 Speaker 1: yourself or anyone else that you are recovered from any 753 00:40:01,480 --> 00:40:05,160 Speaker 1: kind of a lung damage, especially COVID see and I 754 00:40:05,400 --> 00:40:07,520 Speaker 1: this is what you know. And I want to be 755 00:40:07,520 --> 00:40:10,800 Speaker 1: careful with what I say here, but this, in a way, 756 00:40:11,360 --> 00:40:14,839 Speaker 1: so much of our culture is work, get back to work, 757 00:40:14,920 --> 00:40:17,480 Speaker 1: come on, tough it out. You know, you gotta you 758 00:40:17,480 --> 00:40:19,359 Speaker 1: gotta show up, you gotta do all this. And and 759 00:40:19,360 --> 00:40:22,280 Speaker 1: it's with this virus in particular. And I remember saying 760 00:40:22,280 --> 00:40:25,080 Speaker 1: this back in March. I mean, it's so hard to 761 00:40:25,520 --> 00:40:28,440 Speaker 1: tell yourself, okay, stay home, you know what I mean? Doctor, 762 00:40:28,520 --> 00:40:30,719 Speaker 1: I mean, it's there's just so much of that that's 763 00:40:30,719 --> 00:40:32,840 Speaker 1: coupled into this. Here's a question I have for you. 764 00:40:32,920 --> 00:40:35,919 Speaker 1: What's an antibody cocktail? I mean I must have said 765 00:40:35,960 --> 00:40:38,120 Speaker 1: that a million times in the past four days. What 766 00:40:38,360 --> 00:40:41,040 Speaker 1: exactly is an antibody cocktail? Do they serve it in 767 00:40:41,040 --> 00:40:45,560 Speaker 1: a in a whiskey glass? Unfortunately not, They pretty much 768 00:40:45,560 --> 00:40:49,080 Speaker 1: service in the ivy. They So the idea is I 769 00:40:49,120 --> 00:40:50,920 Speaker 1: actually used to live in the DC area and I 770 00:40:50,920 --> 00:40:53,520 Speaker 1: worked at a one of the local biotechs called met Immune, 771 00:40:53,600 --> 00:40:56,000 Speaker 1: and we used to make these things called monoclonal antibodies. 772 00:40:56,360 --> 00:40:59,279 Speaker 1: And these are laboratory derived antibodies, and as the name 773 00:40:59,320 --> 00:41:02,799 Speaker 1: monoclonal would indicate, they bind a one thing. Well, in 774 00:41:02,840 --> 00:41:05,680 Speaker 1: the case of this antibody cocktail, there's a company called 775 00:41:05,760 --> 00:41:09,719 Speaker 1: Regeneron that made three separate antibodies and they figured that 776 00:41:09,800 --> 00:41:12,920 Speaker 1: the combination of the three would work best, and they 777 00:41:12,920 --> 00:41:16,040 Speaker 1: created a cocktail by spiking each of these three different 778 00:41:16,040 --> 00:41:19,279 Speaker 1: antibodies into a single solution, and that solution can then 779 00:41:19,280 --> 00:41:24,319 Speaker 1: be given intravenously to a patient. Okay, so it's an 780 00:41:24,320 --> 00:41:27,960 Speaker 1: I V drip though just for people, it will not 781 00:41:28,080 --> 00:41:30,040 Speaker 1: have an umbrella in it. No, because I think some 782 00:41:30,120 --> 00:41:32,680 Speaker 1: people were confused, myself included. I thought it was a 783 00:41:32,680 --> 00:41:36,360 Speaker 1: different concoction of of pills, but it's not. It's an 784 00:41:36,400 --> 00:41:39,440 Speaker 1: I V. Okay, all right, keep going, keep going. I 785 00:41:39,520 --> 00:41:41,080 Speaker 1: was gonna say, it doesn't have an umbrella in it. 786 00:41:41,160 --> 00:41:46,839 Speaker 1: So it's a very or or an olive. So that 787 00:41:47,440 --> 00:41:50,400 Speaker 1: you know that drug has not been approved. That is 788 00:41:50,440 --> 00:41:53,480 Speaker 1: purely experimental, and it's actually I believe the President is 789 00:41:53,520 --> 00:41:55,600 Speaker 1: probably the only person in the country that to receive 790 00:41:55,719 --> 00:41:58,720 Speaker 1: that drug plus dexmous the zone plus the third drug, 791 00:41:59,120 --> 00:42:03,200 Speaker 1: which is rendest severe, and that's the drug that was approved. 792 00:42:03,320 --> 00:42:05,680 Speaker 1: Not approved, but it was given what's known as emergency 793 00:42:05,680 --> 00:42:10,280 Speaker 1: Youth authorization, which means basically that on an emergency basis 794 00:42:10,280 --> 00:42:12,480 Speaker 1: that will allow some people to have access to the room. 795 00:42:12,760 --> 00:42:14,719 Speaker 1: So this is this is what I want to hammer home. 796 00:42:15,000 --> 00:42:16,480 Speaker 1: This is what I want to hammer home though, because 797 00:42:16,520 --> 00:42:19,560 Speaker 1: I think for people, especially as we report this, I 798 00:42:19,560 --> 00:42:23,640 Speaker 1: mean it's an emergency youth authorization. Then you've got some 799 00:42:23,719 --> 00:42:26,080 Speaker 1: of these drugs are not have not received FDA approval. 800 00:42:26,239 --> 00:42:30,600 Speaker 1: So who whose job is it to advise what the 801 00:42:30,640 --> 00:42:34,520 Speaker 1: commander in chief can get? Because if because obviously he's 802 00:42:34,560 --> 00:42:38,160 Speaker 1: getting the best care possible. But you know, as you 803 00:42:38,239 --> 00:42:41,239 Speaker 1: just pointed out, some of these these drugs have not 804 00:42:41,360 --> 00:42:44,880 Speaker 1: been FDA approved. So who actually, like procedurally is in 805 00:42:44,960 --> 00:42:47,880 Speaker 1: charge of that. It's a great question and I frankly 806 00:42:47,920 --> 00:42:49,920 Speaker 1: don't know the answer to it. And I would argue 807 00:42:50,000 --> 00:42:52,040 Speaker 1: he's not getting the best care in the world because 808 00:42:52,040 --> 00:42:56,200 Speaker 1: he's left the hospital and that was I would have 809 00:42:56,280 --> 00:43:00,000 Speaker 1: to presume that was not at the statle decision by 810 00:43:00,040 --> 00:43:04,960 Speaker 1: a position, Yeah, no longer getting the best care of all? Right, 811 00:43:05,200 --> 00:43:07,520 Speaker 1: uh and then just pitching gears. Now, in terms of 812 00:43:07,520 --> 00:43:11,080 Speaker 1: the vaccination process, there's about a hundred seventy vaccines that 813 00:43:11,120 --> 00:43:14,239 Speaker 1: are that are being researched worldwide, eight that are in 814 00:43:14,560 --> 00:43:18,239 Speaker 1: uh advanced stages in terms of testing, what do we know. 815 00:43:18,320 --> 00:43:20,960 Speaker 1: Give us some optimism. When do we get the vaccine 816 00:43:21,400 --> 00:43:24,000 Speaker 1: that is going to make an impact, Not that every 817 00:43:24,040 --> 00:43:26,960 Speaker 1: person on the planet can get. I think people understand that, 818 00:43:26,960 --> 00:43:28,880 Speaker 1: but that will have an impact in controlling some of 819 00:43:28,920 --> 00:43:30,919 Speaker 1: the virus. Because the news today has just been so 820 00:43:32,000 --> 00:43:36,279 Speaker 1: just down. Give us some optimism, Doctor Well, I think 821 00:43:36,320 --> 00:43:39,719 Speaker 1: that there will be a vaccine and we will get good. 822 00:43:39,719 --> 00:43:44,000 Speaker 1: I'm glad to think that. But what I want to 823 00:43:44,000 --> 00:43:47,600 Speaker 1: caution folks about is that it's very likely that the 824 00:43:47,640 --> 00:43:50,400 Speaker 1: first vaccines will not be the best. And what I 825 00:43:50,440 --> 00:43:54,319 Speaker 1: mean by that is that they may be fifty sevent 826 00:43:54,760 --> 00:43:58,040 Speaker 1: effective if we're lucky. But in order to get what's 827 00:43:58,080 --> 00:44:00,759 Speaker 1: known as herd immunity, which means that basically this thing 828 00:44:00,800 --> 00:44:03,960 Speaker 1: does not this virus no longer creates a problem, we're 829 00:44:04,000 --> 00:44:08,239 Speaker 1: going to meet a vaccine that is effective, and we 830 00:44:08,320 --> 00:44:11,480 Speaker 1: need every single person to take it. Until that occurs, 831 00:44:11,760 --> 00:44:13,480 Speaker 1: we're going to be having to deal with COVID one 832 00:44:13,480 --> 00:44:16,440 Speaker 1: way or another. So give us something we don't know 833 00:44:16,920 --> 00:44:18,840 Speaker 1: because you only have like like a minute left, but 834 00:44:18,880 --> 00:44:21,200 Speaker 1: I tell us something just in all of your experience, 835 00:44:21,280 --> 00:44:24,080 Speaker 1: Dr kinch Uh, that that you want people to take 836 00:44:24,120 --> 00:44:26,160 Speaker 1: away from this, that is that is the biggest, you know, 837 00:44:26,360 --> 00:44:28,160 Speaker 1: thing that they should know, and not just everyone knows 838 00:44:28,160 --> 00:44:29,640 Speaker 1: you have to wear a mask, but give us something 839 00:44:29,680 --> 00:44:32,680 Speaker 1: new that we would that we don't know about. Uh, 840 00:44:32,840 --> 00:44:36,440 Speaker 1: the COVID nineteen process. Well, I think the thing that 841 00:44:36,520 --> 00:44:38,920 Speaker 1: probably everyone needs to know is that this is something 842 00:44:38,960 --> 00:44:43,000 Speaker 1: to take very very seriously, and unfortunately not everyone is. 843 00:44:43,520 --> 00:44:47,520 Speaker 1: And if you look at the rate in which this 844 00:44:47,600 --> 00:44:51,160 Speaker 1: thing has been killing people, in order for that the 845 00:44:51,360 --> 00:44:55,399 Speaker 1: herd immunity to be developed naturally, six and a half 846 00:44:55,440 --> 00:44:58,160 Speaker 1: million Americans would have to die and that has really 847 00:44:58,200 --> 00:45:01,360 Speaker 1: not been discussed and that is simply not acceptable. And 848 00:45:01,400 --> 00:45:04,239 Speaker 1: so I think it's important that everyone knows that if 849 00:45:04,280 --> 00:45:07,279 Speaker 1: we wear masks and if we practice social distancing, the 850 00:45:07,400 --> 00:45:10,880 Speaker 1: estimate is that of those deaths can be avoided. And 851 00:45:10,920 --> 00:45:12,680 Speaker 1: so we've got to do that because we can do 852 00:45:12,719 --> 00:45:16,920 Speaker 1: this together. All right, Dr Kinch, I can't thank you 853 00:45:17,000 --> 00:45:19,040 Speaker 1: enough for your time and your expertise. Please come back 854 00:45:19,040 --> 00:45:21,640 Speaker 1: on again and break more of these developments now, because 855 00:45:21,680 --> 00:45:23,359 Speaker 1: you answered so many of the questions that I had 856 00:45:23,360 --> 00:45:27,880 Speaker 1: about antibody cocktails and all of this other medical medical 857 00:45:27,920 --> 00:45:32,200 Speaker 1: procedures and medicine Michael Kinch. Dr. Michael Kinch, we are 858 00:45:32,239 --> 00:45:35,040 Speaker 1: so grateful for your time. I'm Kevin Cirelli. More coming 859 00:45:35,120 --> 00:45:37,520 Speaker 1: up next. I'm the Chief Washington Correspondent f for Bloomberg 860 00:45:37,520 --> 00:45:42,880 Speaker 1: TV and Radio, and you're listening to Bloomberg. This is 861 00:45:42,920 --> 00:45:48,279 Speaker 1: Bloomberg's Sound On with Kevin Surreley on Bloomberg and one 862 00:45:48,280 --> 00:45:51,480 Speaker 1: oh five point seven f M h D two. My 863 00:45:51,560 --> 00:45:54,080 Speaker 1: name is Kevin Sireli. I'm the chief Washington correspondent for 864 00:45:54,120 --> 00:45:57,000 Speaker 1: Bloomberg Television and for Bloomberg Radio. Thank you for tuning 865 00:45:57,000 --> 00:46:01,000 Speaker 1: in and listening to keV as I am in Salt 866 00:46:01,080 --> 00:46:04,640 Speaker 1: Lake City, Utah. Every time I think of Utah, I 867 00:46:04,640 --> 00:46:08,240 Speaker 1: think of the Utah Jazz remember them? And uh, who 868 00:46:08,320 --> 00:46:11,480 Speaker 1: is who was the Utah jazz player who really wore 869 00:46:11,560 --> 00:46:14,319 Speaker 1: this like the I mean, for lack of a better term, 870 00:46:14,600 --> 00:46:17,680 Speaker 1: like the high shorts and uh, anyway, I wonder if 871 00:46:17,680 --> 00:46:19,799 Speaker 1: a panel knows or such, I mean, do you know 872 00:46:19,840 --> 00:46:21,560 Speaker 1: he's with me and the and the He's like no, 873 00:46:21,600 --> 00:46:23,120 Speaker 1: I don't know. Why are you doing this to yourself? 874 00:46:23,160 --> 00:46:26,640 Speaker 1: And talking about this on radio. Brian Darlings with those, 875 00:46:26,680 --> 00:46:30,080 Speaker 1: former senior communications director for Senator Rampaul and founder of Liberty, 876 00:46:30,080 --> 00:46:35,280 Speaker 1: Government affairs Brian. Who was that jazz player John John Stockton? 877 00:46:35,400 --> 00:46:37,600 Speaker 1: I think it was John Stockton. Drew Littman's with me 878 00:46:37,840 --> 00:46:40,680 Speaker 1: as well, policy director at Brownstein Hyatt Farber, and Shrek 879 00:46:40,680 --> 00:46:42,920 Speaker 1: former chief of staffer Senator Al Franken. Are you a 880 00:46:42,960 --> 00:46:47,600 Speaker 1: basketball Andrew? Huge basketball fan? And I was saying Stockton, 881 00:46:47,719 --> 00:46:52,279 Speaker 1: but I think I think you're Oh, okay, Oh no, 882 00:46:52,360 --> 00:46:54,759 Speaker 1: you're on, You're on muted. Hey, I'm not moderating the 883 00:46:54,760 --> 00:46:57,360 Speaker 1: presidential debate, so I don't have a mute button, you 884 00:46:57,360 --> 00:47:00,600 Speaker 1: know what I mean? So John Stockton, UH is exactly 885 00:47:00,640 --> 00:47:01,920 Speaker 1: who I was thinking of, And now I have that 886 00:47:01,960 --> 00:47:04,799 Speaker 1: on the Google UH. And he was fascinating, not as 887 00:47:04,800 --> 00:47:07,960 Speaker 1: good as Allen Iverson. Just gotta say it, Okay, I 888 00:47:08,000 --> 00:47:10,640 Speaker 1: want to talk about the Supreme Court. I'm here, by 889 00:47:10,680 --> 00:47:13,440 Speaker 1: the way for the vice presidential debate on Wednesday, and 890 00:47:13,480 --> 00:47:16,080 Speaker 1: we'll have continuing coverage of that as well, uh and 891 00:47:16,200 --> 00:47:19,120 Speaker 1: special coverage of that um all throughout the week. But 892 00:47:19,160 --> 00:47:21,040 Speaker 1: I want to talk about the Supreme Court quickly because 893 00:47:21,040 --> 00:47:26,560 Speaker 1: members of the Senate Judiciary Committee Committee Committee contracted COVID 894 00:47:26,719 --> 00:47:30,040 Speaker 1: nineteen and there's this pressure on whether or not the 895 00:47:30,080 --> 00:47:35,480 Speaker 1: confirmation hearing for Judge Amy Coney Barrett should continue. Uh. 896 00:47:35,800 --> 00:47:38,560 Speaker 1: I gotta be honest, Brian Darling. You know you're sending 897 00:47:38,600 --> 00:47:41,920 Speaker 1: me text over the weekend showing me the helicopter of 898 00:47:41,920 --> 00:47:45,800 Speaker 1: the President going to Walter Read And I'm thinking to myself, Okay, 899 00:47:45,880 --> 00:47:49,160 Speaker 1: this is a level of intensity. Maybe they just put 900 00:47:49,200 --> 00:47:51,560 Speaker 1: it off for a couple of days while things settles down. 901 00:47:51,680 --> 00:47:53,719 Speaker 1: But when I was talking to Republicans all throughout the weekend, 902 00:47:53,760 --> 00:47:57,399 Speaker 1: they said absolutely not. They could do the hearing via zoom. Yeah, 903 00:47:57,480 --> 00:48:00,960 Speaker 1: I think they can. I mean, this is a tough situation. 904 00:48:01,000 --> 00:48:03,680 Speaker 1: I mean, it's obviously going to be hard to sell 905 00:48:03,719 --> 00:48:06,239 Speaker 1: the American people on this in one sense, because you 906 00:48:06,320 --> 00:48:08,120 Speaker 1: do have a crisis. You have two members of the 907 00:48:08,120 --> 00:48:12,640 Speaker 1: committee that have the coronavirus. But the bottom line is Republicans, 908 00:48:12,640 --> 00:48:15,719 Speaker 1: this is one of the most important things. Uh, in 909 00:48:15,840 --> 00:48:18,840 Speaker 1: many voters minds. You know what happens with the Supreme Court. 910 00:48:18,840 --> 00:48:21,360 Speaker 1: Who we get in the Supreme Court. Many people voted 911 00:48:21,400 --> 00:48:24,359 Speaker 1: for Donald Trump for this very reason, to get good 912 00:48:24,440 --> 00:48:27,319 Speaker 1: nominees in the Supreme Court. And so I think that 913 00:48:27,560 --> 00:48:29,960 Speaker 1: this is something that they have to get done for 914 00:48:30,080 --> 00:48:34,120 Speaker 1: political reasons. Yeah, And if you look back at the 915 00:48:34,120 --> 00:48:37,600 Speaker 1: confirmation process of Judge Amy Coney Barrett when she was 916 00:48:38,280 --> 00:48:42,680 Speaker 1: going through the the appellate judicial nomination process. She was 917 00:48:42,760 --> 00:48:45,360 Speaker 1: very stoic. She was very deliberate in terms of her remords. 918 00:48:45,480 --> 00:48:49,359 Speaker 1: And you know, I don't think anyone is anticipating her 919 00:48:49,520 --> 00:48:55,680 Speaker 1: to uh have a controversial uh confirmation process. But Drew Littman, Uh, 920 00:48:55,760 --> 00:48:57,960 Speaker 1: what do you think? I mean, what are Democrats saying 921 00:48:57,960 --> 00:49:01,120 Speaker 1: in terms of where this goes? Well? I think I 922 00:49:01,120 --> 00:49:04,920 Speaker 1: think Democrats are very interested in the procedural stuff that 923 00:49:04,960 --> 00:49:08,479 Speaker 1: you're hinting out a second ago. Chairman Graham can hold 924 00:49:08,480 --> 00:49:10,960 Speaker 1: the hearing, has it now? It doesn't appear you can 925 00:49:11,000 --> 00:49:13,319 Speaker 1: hold him by zoom. But he doesn't need a form either. 926 00:49:13,360 --> 00:49:15,120 Speaker 1: He could be the only person in the room with 927 00:49:15,160 --> 00:49:19,440 Speaker 1: her and hold as considered a full scale confirmation hearing. 928 00:49:19,840 --> 00:49:22,440 Speaker 1: He does need a majority of the committee there in 929 00:49:22,640 --> 00:49:26,319 Speaker 1: person to approve her nomination and send it to the 930 00:49:26,400 --> 00:49:29,279 Speaker 1: floor um for a vote by the full Senate. And 931 00:49:29,400 --> 00:49:33,359 Speaker 1: right now to his committee members, Mr Lee from from 932 00:49:33,480 --> 00:49:37,480 Speaker 1: Utah where you are now and Mr tillis Um both 933 00:49:37,560 --> 00:49:40,600 Speaker 1: have the coronavirus. So as of today, he would not 934 00:49:40,640 --> 00:49:43,120 Speaker 1: be able to get a quorum to approve the nomination 935 00:49:43,760 --> 00:49:45,880 Speaker 1: unless there was some way that I can't think of 936 00:49:45,920 --> 00:49:48,160 Speaker 1: that you get them into the into the room or 937 00:49:48,200 --> 00:49:51,359 Speaker 1: into the chamber. But there is a little bit the 938 00:49:51,400 --> 00:49:53,520 Speaker 1: Republicans have a bit of a tight rope to walk 939 00:49:53,600 --> 00:49:56,480 Speaker 1: now because they can't afford to lose anybody else if 940 00:49:56,480 --> 00:49:59,040 Speaker 1: they want to both can they can they get I 941 00:49:59,040 --> 00:50:02,000 Speaker 1: mean on uh? I mean we saw over the weekend 942 00:50:02,040 --> 00:50:04,480 Speaker 1: the President has COVID and he was working. I mean, 943 00:50:04,520 --> 00:50:07,840 Speaker 1: could they dial into zoom like truly? Could they appear 944 00:50:07,960 --> 00:50:10,400 Speaker 1: with COVID? They can't whine and explain that to me. 945 00:50:11,400 --> 00:50:15,279 Speaker 1: The rules require for for a quorum for a committee vote, 946 00:50:15,280 --> 00:50:20,239 Speaker 1: the rules require you to be there in person the 947 00:50:20,320 --> 00:50:22,319 Speaker 1: vote right, not to the hearing, not to be here. 948 00:50:22,360 --> 00:50:24,160 Speaker 1: So that's what I want to hammer home on because 949 00:50:24,200 --> 00:50:27,280 Speaker 1: this is important nuance. But they could still move ahead 950 00:50:27,920 --> 00:50:33,960 Speaker 1: with the confirmation hearings under the expectation that Tillis and 951 00:50:34,080 --> 00:50:37,799 Speaker 1: Lee get healthy for the vote. Right, is that this 952 00:50:37,840 --> 00:50:41,640 Speaker 1: is a lot of unknowns. That's correct, that's correct. But 953 00:50:41,640 --> 00:50:45,320 Speaker 1: but I look, I'm wishing good health for everybody, starting 954 00:50:45,360 --> 00:50:48,040 Speaker 1: with with Mike Lee and Tom Tillis. But but you 955 00:50:48,040 --> 00:50:50,800 Speaker 1: do have a strange situation here other people could get sick. 956 00:50:51,200 --> 00:50:53,880 Speaker 1: You can't, contrary to what some people might get, the 957 00:50:53,880 --> 00:50:56,480 Speaker 1: majority leader can't just put other people on the committee 958 00:50:56,719 --> 00:50:58,839 Speaker 1: or take people off the committee. So you're kind of 959 00:50:58,880 --> 00:51:01,880 Speaker 1: stuffed with with the twelve ares and the cands that 960 00:51:01,920 --> 00:51:05,279 Speaker 1: you have. Now, Uh, this is fascinating. I mean it's yeah, 961 00:51:05,280 --> 00:51:09,600 Speaker 1: and again I want to keep reiterating, you know, especially 962 00:51:09,880 --> 00:51:12,960 Speaker 1: for anyone who has COVID, the Senators, obviously, the President, 963 00:51:13,000 --> 00:51:15,640 Speaker 1: the First Lady, their staffs. I think that's been one 964 00:51:15,680 --> 00:51:18,880 Speaker 1: of the most under reported element of the of the 965 00:51:18,920 --> 00:51:22,759 Speaker 1: psychology of Washington, d C. Right now, is the genuine 966 00:51:22,760 --> 00:51:26,480 Speaker 1: concern that staffers have. You know, these staffers are parents, 967 00:51:26,520 --> 00:51:31,520 Speaker 1: these staffers are young people, these staffers, it's incredible. How 968 00:51:31,560 --> 00:51:33,239 Speaker 1: it's not incredible, that's the wrong word for it. I 969 00:51:33,280 --> 00:51:35,960 Speaker 1: don't think I can say the word. Uh. Just the 970 00:51:36,080 --> 00:51:40,400 Speaker 1: lack of rapid testing on site at the Capitol. Where 971 00:51:40,440 --> 00:51:43,600 Speaker 1: is the rapid testing site for staffers to be made 972 00:51:43,640 --> 00:51:46,160 Speaker 1: available to them on at the Capitol or at the 973 00:51:46,160 --> 00:51:50,640 Speaker 1: White House. I'm just baffled that that with all of that, 974 00:51:51,120 --> 00:51:53,440 Speaker 1: and you both know this from working on Capitol Hill, 975 00:51:53,719 --> 00:51:58,000 Speaker 1: it is a a tunnel system. It truly is of 976 00:51:58,000 --> 00:52:00,400 Speaker 1: of of if you just go watch Aaron's in an 977 00:52:00,400 --> 00:52:02,680 Speaker 1: episode of The West Wing, and you see just how 978 00:52:02,800 --> 00:52:07,080 Speaker 1: compact people are, uh, in terms of what's going on. So, 979 00:52:07,120 --> 00:52:09,839 Speaker 1: all right, enough of this really soapbox. Let's get back 980 00:52:09,840 --> 00:52:12,319 Speaker 1: to what's on the panel's radar. Brian Darling, what's on 981 00:52:12,360 --> 00:52:16,879 Speaker 1: your radar? Well, it's something that's always on my radar 982 00:52:17,000 --> 00:52:19,040 Speaker 1: is a filibuster. And the fact that you know, I'm 983 00:52:19,040 --> 00:52:22,200 Speaker 1: a traditionalist, I like the idea of the filibuster staying 984 00:52:22,200 --> 00:52:25,440 Speaker 1: in place, and I really would hope that, uh you 985 00:52:25,440 --> 00:52:27,399 Speaker 1: know that that it would stay in place. I don't 986 00:52:27,400 --> 00:52:29,799 Speaker 1: like the idea of Democrats saying that if we when 987 00:52:29,800 --> 00:52:31,440 Speaker 1: we're going to get rid of it, if we don't win, 988 00:52:31,520 --> 00:52:34,600 Speaker 1: we probably will keep it around. I'm hoping that traditionalists 989 00:52:35,000 --> 00:52:37,319 Speaker 1: save the day and keep it in place. And I 990 00:52:37,360 --> 00:52:41,879 Speaker 1: think that debate has already started well, especially if if 991 00:52:41,920 --> 00:52:44,520 Speaker 1: if Democrats win back control of the Senate and the 992 00:52:44,560 --> 00:52:48,799 Speaker 1: House and the executive branch, it would be remarkable, would 993 00:52:48,800 --> 00:52:52,239 Speaker 1: have incredible implications as it relates to tax policy, as 994 00:52:52,280 --> 00:52:55,800 Speaker 1: it relates to obviously on nomination and and of course 995 00:52:56,280 --> 00:52:58,960 Speaker 1: healthcare policy anything. So that's a that's a huge one 996 00:52:59,120 --> 00:53:03,279 Speaker 1: to have on your radar. Um, absolutely, Uh, Andrew, what's 997 00:53:03,280 --> 00:53:06,719 Speaker 1: on your radar? Well, what's on my radar is the 998 00:53:06,840 --> 00:53:10,279 Speaker 1: effect of the debate and the president's current status on 999 00:53:10,320 --> 00:53:14,080 Speaker 1: these down ballot races, especially down ballot Senate races. Yeah, 1000 00:53:14,160 --> 00:53:17,000 Speaker 1: it was looking to a lot of us like Democrats 1001 00:53:17,040 --> 00:53:20,080 Speaker 1: would lose one seat but then pick up four Republican 1002 00:53:20,160 --> 00:53:23,000 Speaker 1: seats and you'd have a sate. But looking at the 1003 00:53:23,160 --> 00:53:27,400 Speaker 1: polding recently, there are I think six more Republican seats 1004 00:53:27,440 --> 00:53:30,560 Speaker 1: where the Republican candidate leads by somewhere between zero and 1005 00:53:30,640 --> 00:53:32,640 Speaker 1: two points. In other words, six more seats that are 1006 00:53:32,680 --> 00:53:36,839 Speaker 1: virtually tied. Those seats could slip if the wheels come off. 1007 00:53:37,480 --> 00:53:41,160 Speaker 1: That's where that's how you get a wave. Yeah, that's remarkable, 1008 00:53:41,280 --> 00:53:44,640 Speaker 1: And and uh, it's actually what's also on my radar. 1009 00:53:44,719 --> 00:53:48,719 Speaker 1: And I would I'm gonna go specifically into North Carolina 1010 00:53:48,840 --> 00:53:50,960 Speaker 1: con Senator Tillis, of course, who has announced that he's 1011 00:53:51,000 --> 00:53:54,840 Speaker 1: tested positive for coronavirus. There's also a budding our brewing 1012 00:53:54,960 --> 00:53:59,480 Speaker 1: scandal with the Democratic challenger Cal Cunningham, who confirmed the 1013 00:53:59,480 --> 00:54:03,120 Speaker 1: authentic city of romantic text messages that were sent. I mean, 1014 00:54:03,160 --> 00:54:06,160 Speaker 1: so there's this whole saga going down on there in 1015 00:54:06,239 --> 00:54:09,560 Speaker 1: North Carolina. It's a fascinating race to watch. Uh. And 1016 00:54:09,680 --> 00:54:13,680 Speaker 1: Senator Tillish is neck and neck with his Democratic challenger. 1017 00:54:13,800 --> 00:54:17,400 Speaker 1: Another other development, and this isn't in the twenty cycle, 1018 00:54:17,440 --> 00:54:19,319 Speaker 1: but of course growing up in Delko, you all have 1019 00:54:19,320 --> 00:54:22,840 Speaker 1: heard me talk about it. Uh. Pennsylvania Pat Toomey, Senator 1020 00:54:22,840 --> 00:54:25,520 Speaker 1: Pat Toomey, Republican. Pat Toomey says that he's not going 1021 00:54:25,560 --> 00:54:29,120 Speaker 1: to run for for office in two Wow. I think 1022 00:54:29,160 --> 00:54:33,120 Speaker 1: that's sent shock waves through uh, through the through the process. 1023 00:54:33,280 --> 00:54:34,799 Speaker 1: What I want to know is is he gonna run 1024 00:54:34,800 --> 00:54:37,720 Speaker 1: for governor? That's where my That's where I'm gonna be 1025 00:54:37,800 --> 00:54:41,319 Speaker 1: carefully watching should he run for governor? All right? My 1026 00:54:41,480 --> 00:54:44,719 Speaker 1: many thanks to Brian Darling, former senior communications director for 1027 00:54:44,840 --> 00:54:48,000 Speaker 1: Senator Rampaul and founder of Liberty Government Affairs, and Drew Littmann, 1028 00:54:48,040 --> 00:54:50,560 Speaker 1: policy director at Brownsting, Hyatt, Farber and Shrek, and the 1029 00:54:50,600 --> 00:54:53,120 Speaker 1: former chief of staffer Senator Al Franken. My name is 1030 00:54:53,200 --> 00:54:55,600 Speaker 1: Kevin Cirillian, the chief Washington correspondent from Bloomberg TV and 1031 00:54:55,600 --> 00:54:58,960 Speaker 1: Bloomberg Radio. Stay safe, everyone, stay safe, Stay safe, Stay safe, 1032 00:54:59,120 --> 00:55:02,400 Speaker 1: and thank you for listening to Bloomberg I did I 1033 00:55:02,440 --> 00:55:02,680 Speaker 1: want