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Speaker 1: Live from Our Nation. All Talk here in Washington, d

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Speaker 1: C turns to President elect Joe Biden's administration, historically speaking

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Speaker 1: the markets that performed better when there is divided government.

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Speaker 1: The biggest pressure for physical stimulus is an up taking cases.

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Speaker 1: Bloomberg Sound on, the Insiders, the Influencers, the insiders fighting.

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Speaker 1: Has promised again and again that he will unite the

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Speaker 1: country's state government's control elections US in the constitution. I

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Speaker 1: think that we can expect a smooth, thoughtful, methodical transition.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg Radio.

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Speaker 1: An update on fiscal stimulus talks. This is Gary Cohen

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Speaker 1: is shrugging off Goldman's demand for pay with check to charity,

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Speaker 1: and McConnell signals bipartisan relief plan won't get Republican support.

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Speaker 1: We begin tonight with sound on Senate Majority Leader Mitch

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Speaker 1: McConnell saying that, well, he's not sure how optimistic folks

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Speaker 1: should be about a bipartisan stimulus deal. Here he is

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Speaker 1: op our college blood conference, liver more help soon. A

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Speaker 1: lot of Americans something cannot afford to wait. Speaker Pelosi

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Speaker 1: is also weighing in on the negotiations, noting that unemployment

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Speaker 1: benefits are set to expire on December. This is a

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Speaker 1: smaller package, and as I have said, this is not

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Speaker 1: a stimulus package. It's an emergency supplemental to deal with

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Speaker 1: what we have. I think it made great progress. Joining

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Speaker 1: us now is Bill Ferries, Bloomberg National Security Editor. Bill.

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Speaker 1: We'll talk about geopolitics in a second, but let's begin

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Speaker 1: with the fiscal stimulus front. What are you hearing in

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Speaker 1: terms of what role, uh, the administration is playing in

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Speaker 1: terms of negotiating a fiscal stimulus deal. Well, Kevin, you

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Speaker 1: know it's uh, it's been a pretty rocky past week.

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Speaker 1: It does seem like both sides have been trying to

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Speaker 1: find a way to uh to get to a number,

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Speaker 1: whether it's nine eight billion, nine sixteen billion, um, but

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Speaker 1: it does you know, the clock is picking and uh

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Speaker 1: and and the progress seems to be slowing at this point.

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Speaker 1: So UH time is really you know that there's this

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Speaker 1: goal of getting home in time for the holidays, and

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Speaker 1: Congress doesn't want to miss that. But like you have

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Speaker 1: federal government running out of money shortly, and you have

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Speaker 1: this relief bill and UH and really limited days to

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Speaker 1: finish this off, it's such a great point. The attempt

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Speaker 1: to draw a pandemic relief package hit another roadblock earlier today,

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Speaker 1: as Leader McConnell's top lieutenant said the portions of a

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Speaker 1: compromised proposal from a bipartisan group of lawmakers isn't likely

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Speaker 1: going to get backing from a majority of Republicans. The

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Speaker 1: deliver of the message, Senator John Thune, reading into my

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Speaker 1: Bloomberg terminal right now, who of course is the Senate's

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Speaker 1: number two Republicans, said that the group of Republican and

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Speaker 1: Democratic lawmakers trying to forge a compromise likely cannot produce

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Speaker 1: a solution to limiting liability of employers in connection with

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Speaker 1: COVID nineteen infections that will satisfy Republicans. Democrats probably won't

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Speaker 1: like it either, he added, So is it back to

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Speaker 1: square one? Bill? I don't think it's back to square

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Speaker 1: one unless square one is you know, you're talking about

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Speaker 1: nine hundred basically nine hundred and eight billion dollars or so.

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Speaker 1: So there is some sort of a starting point that,

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Speaker 1: let's say, forty hours ago, everyone seemed to think was

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Speaker 1: a good, you know, a good rough place to to

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Speaker 1: begin talks. Um. I think when you look at the

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Speaker 1: you know, you will look at the destruction being wrought

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Speaker 1: by COVID around the country. Now you look at a

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Speaker 1: lot of states upping their restrictions. I think the pressure

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Speaker 1: is going to get very intense on both sides of

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Speaker 1: the aisle to reach some sort of a deal. Um.

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Speaker 1: I just think it's going to be at the very

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Speaker 1: last minute. All right, I gotta ask you about this

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Speaker 1: story that everybody's been buzzing about. It's the it's the

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Speaker 1: Axios report that says Christine Fang, a woman suspected of

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Speaker 1: being a Chinese spy, worked for several years to gain

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Speaker 1: the confidence of California Congressman Eric Swalwell. Thang worked on

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Speaker 1: one of his campaigns and even helped place an intern

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Speaker 1: in his office. This was before the FBI alerted Swalwell

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Speaker 1: and he cut ties with Fang. The House Speaker, Nancy

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Speaker 1: Pelosi said today that Swallowell was not compromised. Her House adversary,

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Speaker 1: Kevin McCarthy, has suspicion not only on Swallowell, but also

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Speaker 1: on the speaker. Take a listen to Congressman Kevin McCarthy.

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Speaker 1: We've got sound on this brewing scandal. Here's Congressman Kevin McCarthy,

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Speaker 1: Republican of California. He puts the threat of everybody else

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Speaker 1: of what they're talking about as well. Why did she

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Speaker 1: allow him to stay on that committee? And let's hope

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Speaker 1: she does not in the next congress either. Bill Ferries Bloomberg,

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Speaker 1: National Security Editor. What do we know about where this

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Speaker 1: story is going? Well, I think you know this is um.

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Speaker 1: This comes amid really heightened concern about what China is

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Speaker 1: trying to do globally and and with the United States.

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Speaker 1: Pensions are obviously high between Washington Basing. I think this

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Speaker 1: is going to cause members of Congress on both sides

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Speaker 1: to look very closely at at some of these people

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Speaker 1: who who work with them, who work with their staffs

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Speaker 1: back home, who helped them with fundraising as a as

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Speaker 1: this woman did. I think I think it shows the

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Speaker 1: need for a lot more vetting. I certainly think that

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Speaker 1: you know, someone who is on the Intelligence Committee UH

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Speaker 1: should be particularly alert to uh these kinds of threat UM.

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Speaker 1: So I think you know, it's it's going to be

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Speaker 1: a fair question that the representatives flow well and Representative

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Speaker 1: Pelosi are going to have to keep keep addressing if

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Speaker 1: this if this issue continues, what about the protocols that

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Speaker 1: are in place or what what are the protocols that

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Speaker 1: were missed, or what were some of the safeguards that

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Speaker 1: are typically in place that would allow for a member

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Speaker 1: of Congress to miss these types of warnings because you know,

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Speaker 1: I mean to some extent you would Folks are given

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Speaker 1: who are elected officials are given certain protocols and procedures

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Speaker 1: and rights, um and access to protection that you would

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Speaker 1: expect people in elected office are able to gain. Were

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Speaker 1: there any do we know yet if any protocols were

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Speaker 1: missed or any procedures that are and safeguards were um

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Speaker 1: not in place or do we know any of that? Well,

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Speaker 1: what we do know is that when uh, when Congressman

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Speaker 1: Swallow was alerted, was given a defensive briefing on the

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Speaker 1: situation that he says, he immediately cut off ties. Listen,

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Speaker 1: you've covered a lot of you know, a long history

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Speaker 1: of issues in Congress. Um. There is often not exactly

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Speaker 1: a Chinese wall between UM between official business and the

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Speaker 1: campaign work that often goes back. But uh, there is

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Speaker 1: there is a bit of a barrier there. Uh. The

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Speaker 1: staff don't speak necessarily to people on the campaign side,

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Speaker 1: So I think this opens people's eyes to the fact that, um,

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Speaker 1: you know, even if what he's doing in his official business,

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Speaker 1: what he's doing on the committee or here in Washington

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Speaker 1: has all been fedded and cleared, there's you know, other

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Speaker 1: issues in his campaign life and that have to be

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Speaker 1: looked at. You can't keep those things separate when it

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Speaker 1: comes to national security concerns. Well, I mean, and the

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Speaker 1: idea that this is somehow happening in a vacuum is

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Speaker 1: definitely I think questions that a lot of reporters are

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Speaker 1: look into right now. Was he the only one? I mean,

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Speaker 1: there's exactly and that I personally is that where I

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Speaker 1: think the story will ultimately and up Bill ferries other

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Speaker 1: big headlines on the geopolitical front, Trump says, Morocco joining

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Speaker 1: Arab states, building Israeli ties. This was a long months

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Speaker 1: of speculation that Morocco would join. But are these countries

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Speaker 1: and are these Arab states going to continue to be

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Speaker 1: in this UH strengthening its ties with the Israelis in

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Speaker 1: a Biden administration. Well, it depends on what kind of

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Speaker 1: enticements they have, right. You know, most of these deals

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Speaker 1: have been reached, UH with with the agreement that the

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Speaker 1: US will increased weapons sales. In the case of the UAE,

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Speaker 1: the first country to really go in on one of

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Speaker 1: these deals, they were essentially promised UH permission to buy

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Speaker 1: F thirty five, you know, the next generation fighter technology.

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Speaker 1: So we think we think this deal with Morocco includes

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Speaker 1: some sort of an agreement to buy perhaps some high

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Speaker 1: technology drone as well. Um the Biden administration, I think,

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Speaker 1: you know, so far they have generally praised which these

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Speaker 1: deals getting roots. I think they're gonna put a review

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Speaker 1: on them and see like what kind of strings have

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Speaker 1: been attached, But generally, you know, I think these are

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Speaker 1: the kinds of wins, diplomatic wins if they hold that

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Speaker 1: any administration, Republican or Democrat, would have wanted at any time.

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Speaker 1: So I think it's the kind of thing that the

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Speaker 1: President Biden, when he takes off, is going to look

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Speaker 1: to build momentum on what is what are What are

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Speaker 1: you hearing from your sources about some of the first

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Speaker 1: actions that a Secretary Blinkin will take once he's at

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Speaker 1: the State's Department. I think the first day he's probably

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Speaker 1: going to be on the phone with Keen new All Alli,

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Speaker 1: who basically say listen multilateralism is that we want to

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Speaker 1: work with you. We don't want to be publicly threatening

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Speaker 1: you or sentioning you over issues even where they disagree,

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Speaker 1: for instance on like the North Street to pipeline UM,

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Speaker 1: they want to work together to focus on Russia is

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Speaker 1: focused on getting Turkey in line UM. And then I

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Speaker 1: think there's gonna be other issues on the foreign policy front,

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Speaker 1: such as you know, rejoining the World Health Organization UM

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Speaker 1: and UH and looking to get back into the Paris

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Speaker 1: Climate Change Accords. So I think there's a lot of

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Speaker 1: kind of easy hits for Tony Blincoln to make. I

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Speaker 1: think the harder one is going to be how the

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Speaker 1: US and the Biden administration work with Iran to try

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Speaker 1: to get back in the compliance with that nuclear deal

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Speaker 1: and then take it even further. I think that's gonna

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Speaker 1: be that's gonna that's gonna take up a lot of

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Speaker 1: their bandwidth. After those first couple of days fascinating, fascinating,

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Speaker 1: and then some brewing developments on the North Korean front

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Speaker 1: as well. Bill Ferries, Bloomberg National Security Editor, thank you

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Speaker 1: so much for we covered it all their Bill, We

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Speaker 1: got domestic Iran, We do it all. Much more coming

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Speaker 1: up Next, we check in with Eric wuen Or, Bloomberg

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Speaker 1: Markets Live team leader and the author of two new

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Speaker 1: books about Wall Street, What Goes Up and the Shadow Market.

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Speaker 1: I'm Kevin Sirelli. You're listening to Bloomberg nine one. Well,

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Speaker 1: this is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: and one or five point seven h D two. My

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Speaker 1: name is Kevin sili On, the chief Washington correspondent for

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Speaker 1: Bloomberg Television and for Bloomberg Radio. President elect Joe Biden

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Speaker 1: facing pressure from dueling factions as he gets close to

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Speaker 1: naming people to carry out his environmental policies. Traditionalists who

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Speaker 1: are pushing experienced hands, and activists eager for fresh thinking.

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Speaker 1: Coming up in the next hour, we will dive into

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Speaker 1: that tension and explore the dynamics of the Democratic Party

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Speaker 1: as President electro Biden gets ready to take over Washington

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Speaker 1: d C. First, though, let's get a check on the market.

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Speaker 1: Stocks were mixed as traders assessed prospects for fresh stimulus

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Speaker 1: amid the most intense negotiations since election day. The SMB

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Speaker 1: five hundred came off session lows while still posting back

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Speaker 1: to back losses. The Nasdaq one hundred rebounded from Wednesday's

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Speaker 1: sell off, and the dal Jones industrial average underperformed. Airbnb

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Speaker 1: more than doubled in its trading debut. Joining us now

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Speaker 1: on the telephone line. Eric Wiener Bloomberg Markets Live team

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Speaker 1: leader and the author of two books about Wall Street,

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Speaker 1: the first What Goes Up and the second The Shadow Market.

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Speaker 1: I love interviewing authors. I'm fascinated and hoped to one

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Speaker 1: day be one. Eric. Let me ask you what happened

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Speaker 1: in the markets today? Well, do you nailed it with Airbnb? Uh?

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Speaker 1: It was an interesting day because you know, the day

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Speaker 1: starts off with the really bad jobless claims numbers, and

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Speaker 1: you would think that everything's going to go down, But

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Speaker 1: as soon as that came in, we all started thinking

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Speaker 1: it's going to actually cause a rally because this will

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Speaker 1: spark traders to think that Washington will respond with stimulus.

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Speaker 1: So you have this weird market where bad things happen,

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Speaker 1: but it's actually good news. Uh. The new new issues

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Speaker 1: I p O s like Airbnb are coming into the

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Speaker 1: greatest environment I've ever seen. Their rising like like um mania.

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Speaker 1: And you know, in the meantime where the news should

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Speaker 1: be bad and you would think that things would take

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Speaker 1: wind out of the stocks they keep going up, or

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Speaker 1: at least they flat. I'm just glad you didn't say

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Speaker 1: bad things happened in Philadelphia, because I feel like where

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Speaker 1: I grew up has taken a real beating this year

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Speaker 1: because of some of those political comments you mentioned Airbnb.

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Speaker 1: Let's let's explore Airbnb, because we've got sound on Airbnb

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Speaker 1: and Airbnb CEO Brian Chesky spoke with Emily Chang earlier

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Speaker 1: this morning ahead of the much anticipated Airbn be A

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Speaker 1: trading day, and she asked Brian why the company is

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Speaker 1: going public now amid a pandemic. We were prepared to

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Speaker 1: go public this year, and then when the pandemic broke out,

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Speaker 1: we put the s one on hold. And I could

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Speaker 1: never have imagined us going public this year when it

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Speaker 1: was April or May. And then something pretty remarkable happened.

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Speaker 1: People this summer, after having been kind of locked in

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Speaker 1: their homes sheltering in place, wanted to get outside, but

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Speaker 1: they didn't want to travel far, so they started getting

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Speaker 1: in their cars and they started staying in Airbnb. And

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Speaker 1: that that moment it became really clear that this business

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Speaker 1: model is incredibly resilient, that our hosts can adapt to

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Speaker 1: really any changing travel behaviors. Then it was that point

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Speaker 1: that we thought, you know, we actually have a shot

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Speaker 1: this year. You know it's Eric Quener, Bloomberg Markets Live

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Speaker 1: team leader. I found that part of the interview incredibly revealing.

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Speaker 1: A great journalism by Emily Chang, who of course is

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Speaker 1: such a rock star in San Francisco, just such a

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Speaker 1: great job out there in San Francisco. And but it

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Speaker 1: was very revealing because here's the CEO, Brian Chesky, who

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Speaker 1: said their company, I don't want to use the word benefited,

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Speaker 1: but their but their company, Uh, we were able to

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Speaker 1: to position themselves in the year of and make new

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Speaker 1: consumer patterns. I mean, this is a rare instance of

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Speaker 1: and not really rare. I mean you look at Zoom

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Speaker 1: for example, you look at home Depot and all of

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Speaker 1: these other sort of gauge or gauge businesses that have

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Speaker 1: come out here. But I think this is probably one

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Speaker 1: of the most solid examples that we've seen. Eric. I mean,

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Speaker 1: would they have had such a high valuation, for example,

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Speaker 1: if they went public not in the pandemic. Well, it

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Speaker 1: is interesting because what he's saying is right that they

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Speaker 1: did show a level of durability. That'say, door Dash, which

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Speaker 1: was yesterday's big I p O hasn't necessarily shown there's

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Speaker 1: a big difference between what Airbnb does and and like

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Speaker 1: delivering food. Um, so you're able to that Airbnb is

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Speaker 1: a viable business. That all being said, one of the

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Speaker 1: things that I wonder about is how much how they

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Speaker 1: need cash because you would think that regardless of how

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Speaker 1: durable it's been, there hasn't been as much travel as

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Speaker 1: there was, so invariably you would think that their business

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Speaker 1: has gone down a bit. Right now is probably the

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Speaker 1: best time to go public since the dot com boom.

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Speaker 1: We have never had a more welcome environment for new

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Speaker 1: issues than we have right now. So what you're seeing,

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Speaker 1: I mean, as soon as we saw what the what

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Speaker 1: the deal was priced at, we were thinking, okay, this

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Speaker 1: will get more, and it went more. Uh you know

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Speaker 1: you it's basically a license to print money at this point.

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Speaker 1: So if you're a company and these windows don't last forever.

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Speaker 1: So if you're a company like Airbnb and you're thinking, well,

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Speaker 1: actually were you know, we did show that we can

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Speaker 1: make money or we can survive during uh, you know,

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Speaker 1: a pandemic, and this is the greatest time to go

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Speaker 1: public ever, why not hit the the I P O market? Um,

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Speaker 1: the bigger one is door dash, like where you're looking

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Speaker 1: at something where you know, to me, I don't, I

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Speaker 1: just don't get that business model. But Airbnb is a

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Speaker 1: real company, you know, and they're gonna be around for

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Speaker 1: a while. I'm gonna let me. I'm not going to

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Speaker 1: make a joke. You mentioned the word boom and you

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Speaker 1: can you compared it to, of course, the late ninety nineties.

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Speaker 1: You know, my mind goes and I'm an optimist, but

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Speaker 1: my mind goes to, okay, well, does that mean we're

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Speaker 1: gonna have a bust in a couple of years? You

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Speaker 1: invariably do? I mean we we did. Cameron christ who's

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Speaker 1: on our team, and the Macroman column, he did a

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Speaker 1: great column today describing kind of what happens after these

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Speaker 1: things reached their peak. And it's ugly, but that's kind

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Speaker 1: of the way markets work. I mean, can end this

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Speaker 1: year like the I can't end this year like this.

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Speaker 1: So the point is though that you eventually will find

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Speaker 1: a level. Um, but right now it's you know, everybody

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Speaker 1: is like dying to get into these things, so you're

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Speaker 1: going to You're you're going to have some over enthusiasm.

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Speaker 1: The bigger question is how quickly we get our vaccines

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Speaker 1: and how quickly we get things back to normal M

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Speaker 1: because in that sense, the market may be set to

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Speaker 1: really run. Okay, so rough news cycle on the fiscal

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Speaker 1: stimulus front, even as vaccines continue to get ready, UH

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Speaker 1: and the but the fate of this uh, fiscal stimulus

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Speaker 1: really being wrapped up UH today? What would happen if

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Speaker 1: there isn't fiscal stimulus but before the end of the year,

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Speaker 1: how would the markets reacts? Priced in it? Yes, it's

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Speaker 1: priced in, but I also think that so failure. I

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Speaker 1: just want to be clear here, failure because I asked

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Speaker 1: a question, is failure to get stimulus priced in? Not exactly,

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Speaker 1: But I don't think that you will see the degree

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Speaker 1: of disappointment that people are kind of expecting, because there

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Speaker 1: are things that the Fed can do in the meantime,

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Speaker 1: but technical things in terms of buying. It's the types

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Speaker 1: of bonds that it buys in order to stimulate the

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Speaker 1: economy a little bit. And then when Biden comes in,

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Speaker 1: there's thought that, you know, they'll finally get something done.

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Speaker 1: The market appears to be pretty optimistic just sort of

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Speaker 1: about the whole idea of getting through to the next stage.

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Speaker 1: And I don't necessarily think that that's un warranted because

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Speaker 1: if you're able to do something in the next few weeks,

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Speaker 1: even so, let's say it goes past into into January,

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Speaker 1: you're able to get things done in a few weeks

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Speaker 1: after that, you still have time. Uh, and so, and

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Speaker 1: the economy has not collapsed. You know, things are not great,

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Speaker 1: but it's you know, it's not terrible. Understood. Eric Wiener,

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Speaker 1: Bloomberg Markets Live team leader and author of two new

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Speaker 1: books out Wall Street What goes up in the shadow market?

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Speaker 1: Quick question for you, When and where did you find

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Speaker 1: time to write these books? Well, the first one I

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Speaker 1: quitted was like the It was like the the basically

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Speaker 1: the love of my life. And that took five years.

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Speaker 1: And the next one I went to a barn up

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Speaker 1: in the Berkshires and wrote in two years Amazing while

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Speaker 1: you still worked or no. Um. The second one I

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Speaker 1: was working. During the first one, I was on and

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Speaker 1: off working. Uh. It's you know, writing a book, you

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Speaker 1: don't do it for money, you do it for the love.

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Speaker 1: And like you look at you look at it up

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Speaker 1: on your shelf and you're very proud of it and

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Speaker 1: all um, and it's all the experience of doing it.

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Speaker 1: All right, We'll leave it there, Eric Ween are much

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Speaker 1: more coming up next. This is Bloomberg nine than I

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Speaker 1: one live from our Nation's I'll talk here in Washington,

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Speaker 1: d C. Turns to President elect Joe Biden's administration. Historically speaking,

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Speaker 1: the markets have performed better when there is divided government.

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Speaker 1: The biggest pressure for physical emulus is an up taking cases.

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Speaker 1: Bloomberg Sound On the Insiders, the Influencers, the inside riding

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Speaker 1: has Thomas again and again he will unite the country's

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Speaker 1: state government's control elections, US in the constitution. I think

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Speaker 1: that we can expect a smooth, thoughtful, methodical transition. This

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Speaker 1: is Bloomberg Sound On with Kevin Shirley on Bloomberg Radio.

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Speaker 1: Fiscal stimulus talks hit a hurdle, but is there still optimism?

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Speaker 1: Lots to get through, and President Elect Joe Biden finding

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Speaker 1: himself facing pressure from dueling factions of the Democratic Party

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Speaker 1: on the energy front. We are on full watch reguarding

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Speaker 1: regulations and approval of the vaccine, and of course will

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Speaker 1: bring you any breaking developments that happen this hour. But

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Speaker 1: we begin tonight with the big story fiscal stimulus talks stalling,

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Speaker 1: and we've got sound on that particular issue coming from

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Speaker 1: Senate Majority Leader Mitch McConnell. Ope, our colleague, Blood Conference,

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Speaker 1: deliver more help soon. A lot of Americans simply cannot

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Speaker 1: afford to wait. Meanwhile, how Speaker Nancy Pelosi urging lawmakers

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Speaker 1: to come up with some type of compromise on the

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Speaker 1: relief bill before unemployment benefits run out for millions of Americans.

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Speaker 1: Those unemployment benefits are set to expire December. This is

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Speaker 1: a smaller package, and as I have said, this is

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Speaker 1: not a stimulus package, it's an emergency supplemental to deal

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Speaker 1: with what we have. I think that made great progress.

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Speaker 1: We've got a great panel for the hour. Incredibly grateful

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Speaker 1: for both of them. James Holman, national political correspondent for

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Speaker 1: the Washington Post, and UH recently promoted to being a columnist. James,

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Speaker 1: when does the new column start right after the inauguration? Alright? Congratulations?

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Speaker 1: Until then, he's still the author of the Daily two

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Speaker 1: O two and my friend Greta Van Sustern, chief national

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Speaker 1: political analysts for Gray Media, and host a full court

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Speaker 1: press with Greta van Sustern Greta. They still don't have

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Speaker 1: a deal. Yeah, you know what. And I'm not really

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Speaker 1: happy about this, um, mainly because I think it's really, uh,

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Speaker 1: a terrible thing that Congress has done at the American

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Speaker 1: people on this. They have known for months and months

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Speaker 1: and months well before the election that these unemployment benefits

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Speaker 1: are gonna run out and all the problems that the

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Speaker 1: American people are gonna have. And you know, maybe they

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Speaker 1: may think, well, the benefits have not yet run out yet,

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Speaker 1: but if you are, if you don't have any money

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Speaker 1: or you're worried about money in October, you want to

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Speaker 1: have some level of planning. And instead they all went

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Speaker 1: home and campaigned. Um. I really think they let the

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Speaker 1: American people down. And so I'm you know, on both

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Speaker 1: sides of the aisle and they're fighting over a lot

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Speaker 1: of stupid stuff when the rest of American people are

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Speaker 1: trying to figure out how to navigate their lives and

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Speaker 1: navigate during this virus. And you know, the Republicans stay

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Speaker 1: its the Democrats. That Democrats say it's the Republicans, but

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Speaker 1: they both when they campaign, they said they can get

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Speaker 1: it done. And yes, it's tough, it's hard to do.

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Speaker 1: And yes, the other side is always obstructions. But you know,

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Speaker 1: when they asked for our votes, they said they can

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Speaker 1: get it done. Well, they didn't get it on and

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Speaker 1: so I'm not very sympathetic. Um, and they better do

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Speaker 1: it soon, well said you know James Home and what happened?

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Speaker 1: Because here I am, I'm an optimist and and you know,

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Speaker 1: we've been covering this story throughout the past couple of

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Speaker 1: weeks and there appeared to be major signs of progress,

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Speaker 1: and even in talking to lawmakers over the past couple

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Speaker 1: of days, there's still appeared optimism, even as as early

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Speaker 1: as this morning. So is this is this all? Is

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Speaker 1: there still optimism or is this just dead and gone?

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Speaker 1: It's not dead and gone, Kevin. I think you know

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Speaker 1: a lot of James, you know as well as anyone

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Speaker 1: you know as any as well as anyone that you

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Speaker 1: know that can always looked darkst before the dawn on

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Speaker 1: the Home negotiations. And you know, I think both parties

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Speaker 1: recognized the anger that's out there. I thought Greta articulated

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Speaker 1: that so well, I share it. And uh, and that's

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Speaker 1: why that sound we heard from mcconelin policy was both

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Speaker 1: you know, both of them were saying, let's just get

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Speaker 1: this done. They realized that's what everyone wants to do. Uh.

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Speaker 1: So you know, I think sometimes that can end up

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Speaker 1: getting a deal across the finish line, even of it

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Speaker 1: ends up being a relatively small one where they end

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Speaker 1: up peering down and taking out some of the things

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Speaker 1: both sides weren't. But you know, it really, you know,

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Speaker 1: the pain is so high to answer a question of

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Speaker 1: how did we get here? Right before the election, Uh,

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Speaker 1: Steve Manuch in, the charger secretary, was offering a you know,

429
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Speaker 1: basically a two trillion to our package. But Pelosi believed

430
00:24:24,359 --> 00:24:26,879
Speaker 1: Democrats are going to expand their majority in the House,

431
00:24:27,680 --> 00:24:30,760
Speaker 1: that they could very realistically win control of the Senate,

432
00:24:30,760 --> 00:24:33,760
Speaker 1: and that they would win the White House. So Democrats

433
00:24:33,760 --> 00:24:36,960
Speaker 1: did believe they have more leverage after the election, and

434
00:24:37,040 --> 00:24:39,480
Speaker 1: they didn't do all as they had hoped, especially in

435
00:24:39,520 --> 00:24:42,840
Speaker 1: the House. And so now we're talking about something that's

436
00:24:42,920 --> 00:24:45,240
Speaker 1: much smaller than what was on the table before the election.

437
00:24:45,320 --> 00:24:48,120
Speaker 1: And it's you know, in some ways, I think it's

438
00:24:48,160 --> 00:24:52,960
Speaker 1: a it's a miscalculation by leaders in both parties. Uh.

439
00:24:53,000 --> 00:24:55,400
Speaker 1: And you know, one of those sticking points several months

440
00:24:55,400 --> 00:24:59,840
Speaker 1: ago was uh, liability protections. That was something that McConnell

441
00:25:00,160 --> 00:25:04,000
Speaker 1: described repeatedly in the early summer as a red line.

442
00:25:05,119 --> 00:25:08,160
Speaker 1: And uh, and that's still one of the big hold

443
00:25:08,200 --> 00:25:11,760
Speaker 1: ups at the end here. So yeah, I think there

444
00:25:11,760 --> 00:25:14,919
Speaker 1: are still some reasons for optimism, but there is, especially

445
00:25:14,960 --> 00:25:17,320
Speaker 1: at the staff level at this hour, a lot of

446
00:25:17,640 --> 00:25:20,560
Speaker 1: a lot of backbiting and blame going around. It's just

447
00:25:22,440 --> 00:25:24,320
Speaker 1: can I said one, I think and just think the

448
00:25:24,520 --> 00:25:28,720
Speaker 1: outrage said, well, Americans are worried about their jobs in October,

449
00:25:28,960 --> 00:25:31,600
Speaker 1: but they're really and and for good reason is that

450
00:25:31,680 --> 00:25:35,560
Speaker 1: the is that there the converse is getting paid by them.

451
00:25:35,680 --> 00:25:39,439
Speaker 1: They're getting they're getting their money, they're getting their salaries

452
00:25:39,840 --> 00:25:42,360
Speaker 1: and their and their campaign to keep their jobs when

453
00:25:42,359 --> 00:25:45,360
Speaker 1: they haven't done their jobs. And as for liability protection,

454
00:25:45,440 --> 00:25:48,600
Speaker 1: I'm a lawyer, I tried cases, I did personal injury cases.

455
00:25:48,920 --> 00:25:51,000
Speaker 1: Is that if I don't know why McConnell was so

456
00:25:51,160 --> 00:25:52,879
Speaker 1: hung up on that. All they had to do was

457
00:25:53,040 --> 00:25:55,760
Speaker 1: change the standard of the bird of proof from cloud

458
00:25:56,040 --> 00:25:58,320
Speaker 1: from uh, just to make it a little bit harder,

459
00:25:58,400 --> 00:26:00,440
Speaker 1: like clear and convincing or something. They didn't have to

460
00:26:00,480 --> 00:26:02,840
Speaker 1: go to beyond a reasonable doubt. But you know, there

461
00:26:02,880 --> 00:26:05,240
Speaker 1: were so many other solutions, and it's just it is

462
00:26:05,280 --> 00:26:09,159
Speaker 1: appalling to me and and Pelosi. If Pelosi thought that

463
00:26:09,160 --> 00:26:11,240
Speaker 1: that was you know, if she wanted to get more,

464
00:26:11,520 --> 00:26:13,639
Speaker 1: well what she should have done is do the targeted

465
00:26:13,680 --> 00:26:16,880
Speaker 1: one that the Republicans watched so people got something. Then

466
00:26:16,920 --> 00:26:19,040
Speaker 1: she should have gone out and campaigned, and then she

467
00:26:19,040 --> 00:26:21,119
Speaker 1: should have tried to get a bigger majority and then

468
00:26:21,160 --> 00:26:24,200
Speaker 1: they could do other bills nothing to protect them from

469
00:26:24,200 --> 00:26:28,840
Speaker 1: many more built. But yeah, to Cretin, I think that's

470
00:26:28,880 --> 00:26:31,879
Speaker 1: so true and so smart, you know, And and I

471
00:26:31,920 --> 00:26:35,600
Speaker 1: have heard from so many moderate House Democrats who feel

472
00:26:35,600 --> 00:26:37,879
Speaker 1: exactly the same way. There are a bunch of UH

473
00:26:38,160 --> 00:26:43,080
Speaker 1: members who lost their seats because of Pelosi's tactics, and

474
00:26:43,119 --> 00:26:48,240
Speaker 1: they are quite frustrated with Democratic leadership for exactly for

475
00:26:48,359 --> 00:26:51,200
Speaker 1: not doing what Credit just said, which is passive bills

476
00:26:51,280 --> 00:26:53,359
Speaker 1: that they could tell their constituents, look, we got a

477
00:26:53,359 --> 00:26:55,720
Speaker 1: couple hundred billion, you know, we're gonna come back and

478
00:26:55,760 --> 00:26:58,000
Speaker 1: we're gonna get more. But instead by holding out for

479
00:26:58,040 --> 00:27:01,000
Speaker 1: the bigger deal voters and d it up and punishing

480
00:27:01,000 --> 00:27:02,960
Speaker 1: them in a lot of these districts fit that they

481
00:27:03,080 --> 00:27:06,560
Speaker 1: picked up in them well. And also it diminishes the

482
00:27:06,640 --> 00:27:10,040
Speaker 1: chances of in a couple of months, the Biden administration

483
00:27:10,480 --> 00:27:15,760
Speaker 1: being able to pass another round of economic stimulus because

484
00:27:15,760 --> 00:27:19,280
Speaker 1: more time would have gone by had Speaker Pelosi done that.

485
00:27:19,320 --> 00:27:20,919
Speaker 1: I mean, what I'm hearing from both of you is

486
00:27:20,920 --> 00:27:24,680
Speaker 1: really matching with my reporting from talking to lawmakers and whatnot,

487
00:27:24,720 --> 00:27:27,600
Speaker 1: is that this was a miscalculation from some of the

488
00:27:27,680 --> 00:27:31,000
Speaker 1: upper echelons of leadership on both sides, but in particular

489
00:27:31,520 --> 00:27:36,960
Speaker 1: a miscalculation on Speaker Pelosis. We see miscalculation. And you know,

490
00:27:37,119 --> 00:27:40,120
Speaker 1: that's such a nice thing to say. I'm a nice guy.

491
00:27:40,680 --> 00:27:43,240
Speaker 1: I mean, you're a You're a very nice guy, Kevinet's

492
00:27:43,240 --> 00:27:46,440
Speaker 1: why because you know, I am so appalled at this.

493
00:27:47,119 --> 00:27:49,560
Speaker 1: In my wild if I were a member of Congress

494
00:27:49,680 --> 00:27:52,320
Speaker 1: and I acted like this when people were hungry and

495
00:27:52,600 --> 00:27:55,240
Speaker 1: we have breadlines when I was a kid, my father

496
00:27:55,280 --> 00:27:57,440
Speaker 1: U should tell me about during the Depression, you have

497
00:27:57,520 --> 00:27:59,520
Speaker 1: grown men standing in a line to get food for

498
00:27:59,520 --> 00:28:02,120
Speaker 1: their family a crime, And now in my lifetime we've

499
00:28:02,119 --> 00:28:05,000
Speaker 1: got the same size breadlines. I mean, it's incredible, and

500
00:28:05,080 --> 00:28:08,359
Speaker 1: so these people are sort of miscalculating, and Doyce, I know,

501
00:28:08,480 --> 00:28:11,120
Speaker 1: to me, if I remember Commas and I were asking

502
00:28:11,160 --> 00:28:12,760
Speaker 1: like this. I think my parents would have a stroke.

503
00:28:13,240 --> 00:28:16,600
Speaker 1: And you're stalking at least and James and Greta, I mean,

504
00:28:16,800 --> 00:28:18,440
Speaker 1: one of the privileges of having you both on the

505
00:28:18,440 --> 00:28:20,840
Speaker 1: program is that you both never forgot where you came

506
00:28:20,880 --> 00:28:23,679
Speaker 1: from either. So I think a lot of folks in

507
00:28:23,720 --> 00:28:25,600
Speaker 1: our industry maybe should get out of I mean, I

508
00:28:25,640 --> 00:28:28,520
Speaker 1: don't know where they're working from these days, but uh,

509
00:28:28,800 --> 00:28:31,280
Speaker 1: you need a healthy dose of that perspective. All right,

510
00:28:31,280 --> 00:28:32,840
Speaker 1: panel is gonna stay with me. We've got a lot

511
00:28:32,920 --> 00:28:36,280
Speaker 1: to get through. I'm obsessed with this Chinese spy story.

512
00:28:36,400 --> 00:28:38,120
Speaker 1: I don't know if you've been following it. I know

513
00:28:38,240 --> 00:28:42,880
Speaker 1: Greta and James have, but this Chinese spy story is remarkable.

514
00:28:42,920 --> 00:28:45,360
Speaker 1: I want to know are there other Chinese spies who

515
00:28:45,400 --> 00:28:48,720
Speaker 1: have been have infiltrated and penetrated Congress? Lots to get

516
00:28:48,760 --> 00:28:52,320
Speaker 1: through first, though, Uh that's coming up next. Wow. I

517
00:28:52,440 --> 00:28:53,920
Speaker 1: just did the toss at the top of the show

518
00:28:53,960 --> 00:28:55,560
Speaker 1: to my good friend Nancy Lions, and I meant to

519
00:28:55,560 --> 00:28:58,040
Speaker 1: go to break. I think I need coffee. I'm Kevin Sirelli.

520
00:28:58,040 --> 00:29:06,480
Speaker 1: You're listening to Bloomberg Knight, and I want this is

521
00:29:06,520 --> 00:29:11,880
Speaker 1: Bloomberg's sound on with Kevin Surley on Bloomberg and one

522
00:29:11,960 --> 00:29:15,080
Speaker 1: or five point seven f M HD two. I'm Kevin

523
00:29:15,160 --> 00:29:20,600
Speaker 1: CURRELLI Chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

524
00:29:20,680 --> 00:29:24,320
Speaker 1: We're on full watch for whether or not that vaccine

525
00:29:24,440 --> 00:29:28,720
Speaker 1: gets approved. Regulators have been meeting all day. All day.

526
00:29:28,760 --> 00:29:32,400
Speaker 1: They've been meeting to see if that US if the

527
00:29:32,480 --> 00:29:34,400
Speaker 1: vaccine is gonna ge approved in the United States as

528
00:29:34,440 --> 00:29:37,880
Speaker 1: it has in the United Kingdom. But there's this other

529
00:29:37,920 --> 00:29:41,840
Speaker 1: story that's brewing that could have implications for how committees

530
00:29:41,960 --> 00:29:47,160
Speaker 1: in the new Congress are going to be investigating the

531
00:29:47,200 --> 00:29:53,680
Speaker 1: incoming administration. Uh and it's it's a real interesting topic.

532
00:29:54,080 --> 00:29:58,000
Speaker 1: A new report from Axio says Christine Fang, a woman

533
00:29:58,080 --> 00:30:02,040
Speaker 1: suspected of being a Chinese I, worked for several years

534
00:30:02,080 --> 00:30:05,840
Speaker 1: to gain the confidence of California Congressman Eric Swalwell. Fang

535
00:30:05,920 --> 00:30:08,400
Speaker 1: worked on one of his campaigns and even helped place

536
00:30:08,440 --> 00:30:11,760
Speaker 1: an intern in his office before the FBI alerted Swalwell

537
00:30:11,840 --> 00:30:15,160
Speaker 1: and he cut ties with Fang. Though, how Speaker Nancy

538
00:30:15,160 --> 00:30:18,800
Speaker 1: Pelosi said earlier today that Swalwell was not compromised. Her

539
00:30:18,840 --> 00:30:22,720
Speaker 1: house adversary, Kevin McCarthy cast suspicion not only on Swalwell

540
00:30:23,160 --> 00:30:26,200
Speaker 1: but also on the speaker. He puts the threat of

541
00:30:26,240 --> 00:30:28,600
Speaker 1: everybody else of what they're talking about as well. Why

542
00:30:28,640 --> 00:30:30,960
Speaker 1: did she allow him to stay on that committee? And

543
00:30:31,080 --> 00:30:33,240
Speaker 1: let's hope she does not in the next congress either.

544
00:30:33,600 --> 00:30:35,720
Speaker 1: All Right, gret Van Sustion still with me, and James

545
00:30:35,720 --> 00:30:38,080
Speaker 1: Holman is with me as well. James is the author

546
00:30:38,160 --> 00:30:40,200
Speaker 1: of the Daily two o two at the Washington Post

547
00:30:40,600 --> 00:30:43,200
Speaker 1: and he's going to become a columnist in the in

548
00:30:43,240 --> 00:30:46,880
Speaker 1: the new after President elect Biden gets born in a huge,

549
00:30:47,000 --> 00:30:50,400
Speaker 1: huge deal for for Washington, d C. And James's voice

550
00:30:50,720 --> 00:30:54,000
Speaker 1: incredibly important in this town. James. Uh, But let me

551
00:30:54,000 --> 00:30:57,400
Speaker 1: begin with you before we get the analysis. I want

552
00:30:57,400 --> 00:31:00,760
Speaker 1: to start with the protocols that are in place for

553
00:31:00,840 --> 00:31:06,600
Speaker 1: our elected officials to prevent foreign adversary spies from infiltrating

554
00:31:07,200 --> 00:31:12,080
Speaker 1: national security. So what what what do we know about that? Well?

555
00:31:12,400 --> 00:31:14,120
Speaker 1: You know this, this is the tip of the iceberg,

556
00:31:14,160 --> 00:31:17,400
Speaker 1: and met a lot of our adversary and frankly some

557
00:31:17,480 --> 00:31:21,680
Speaker 1: of our ally do this kind of thing. Uh, And

558
00:31:21,920 --> 00:31:25,360
Speaker 1: the Chinese are in the Russians are particularly aggressive about it.

559
00:31:25,840 --> 00:31:29,560
Speaker 1: What Eric follow got in is called the defensive briefing.

560
00:31:30,280 --> 00:31:34,720
Speaker 1: And that's where uh, the intelligence community, the FBI, UH

561
00:31:35,040 --> 00:31:38,240
Speaker 1: tip you off about kind of what's happening so that

562
00:31:38,280 --> 00:31:41,960
Speaker 1: you can avoid being more compromised. Uh And and that

563
00:31:42,080 --> 00:31:46,640
Speaker 1: kind of thing is somewhat routine. Uh. It actually happens

564
00:31:46,680 --> 00:31:48,800
Speaker 1: more than we know. A lot of times we don't

565
00:31:48,800 --> 00:31:54,160
Speaker 1: hear about it or or report on it. And you know,

566
00:31:54,320 --> 00:31:56,000
Speaker 1: a lot of this came up in the context of

567
00:31:56,080 --> 00:31:59,760
Speaker 1: the Russia investigation four years ago. There was a lot

568
00:31:59,800 --> 00:32:04,720
Speaker 1: of criticism for why didn't the FBI give a defensive

569
00:32:04,800 --> 00:32:09,480
Speaker 1: briefing to Trump during that summer uh, you know, to say, hey,

570
00:32:09,520 --> 00:32:13,280
Speaker 1: the Russians are trying to compromise your campaign and uh

571
00:32:13,360 --> 00:32:16,800
Speaker 1: and in the bureau did not do that. Uh. And

572
00:32:16,840 --> 00:32:19,080
Speaker 1: they didn't brief him until during the transition on on

573
00:32:19,080 --> 00:32:21,720
Speaker 1: some of those threats. And so you know, the Chinese

574
00:32:22,120 --> 00:32:24,360
Speaker 1: are the they are the enemy of the future. Uh

575
00:32:24,440 --> 00:32:26,840
Speaker 1: and uh and and so this is going to be

576
00:32:26,840 --> 00:32:31,080
Speaker 1: something that's more problem in the Bay Area, especially a

577
00:32:31,160 --> 00:32:35,680
Speaker 1: huge Asian population. Uh. You know, culturally much easier to

578
00:32:36,320 --> 00:32:41,920
Speaker 1: to see foreign influence. You know, I raised this point

579
00:32:42,080 --> 00:32:47,640
Speaker 1: Greta respectfully, but it is it does beg the question

580
00:32:48,200 --> 00:32:53,360
Speaker 1: I think for both Leader McConnell and Speaker Pelosi. Uh

581
00:32:53,520 --> 00:32:58,000
Speaker 1: about the risks and the protocols. And I'm wondering if

582
00:32:58,800 --> 00:33:01,480
Speaker 1: if the political name sure that we find ourselves in

583
00:33:01,520 --> 00:33:04,120
Speaker 1: as we've seen as James just outlined over the past

584
00:33:04,120 --> 00:33:07,800
Speaker 1: couple of years, whether it's on the right or the left,

585
00:33:07,880 --> 00:33:12,400
Speaker 1: where foreign adversaries are trying to infiltrate the political process,

586
00:33:12,960 --> 00:33:16,480
Speaker 1: I'm wondering if there needs to be additional protocols and

587
00:33:16,520 --> 00:33:20,320
Speaker 1: procedures in place. Well, I don't think he allegedly commons sense,

588
00:33:20,520 --> 00:33:23,520
Speaker 1: so that's a problem. They never rule on that. But

589
00:33:23,640 --> 00:33:26,520
Speaker 1: here's the guy, you know, here's the guy swollow Well

590
00:33:26,560 --> 00:33:29,239
Speaker 1: who's running for who at one time was running for

591
00:33:29,280 --> 00:33:32,760
Speaker 1: presidents and on the House Intel Committee. Now and you know,

592
00:33:32,880 --> 00:33:35,800
Speaker 1: go figure on that. Now you've got this situation where

593
00:33:36,120 --> 00:33:38,440
Speaker 1: was it was he just was this woman just a

594
00:33:38,520 --> 00:33:41,280
Speaker 1: donor on the campaign or was there something more to

595
00:33:41,320 --> 00:33:43,880
Speaker 1: the relationship. If there's something more to the relationship, there's

596
00:33:43,880 --> 00:33:46,480
Speaker 1: a much deeper problem. Not because you know, we've had

597
00:33:46,520 --> 00:33:49,600
Speaker 1: a lot of infidelities and strange sex scandals in the

598
00:33:49,600 --> 00:33:52,000
Speaker 1: cities that wouldn't surprisingly, but the idea is that he

599
00:33:52,080 --> 00:33:54,760
Speaker 1: was a lot cozier to her than just having her

600
00:33:55,000 --> 00:33:57,480
Speaker 1: work on the campaign. He will not answer that question

601
00:33:57,640 --> 00:34:00,120
Speaker 1: is not answered this so far. And then addie to

602
00:34:00,160 --> 00:34:02,280
Speaker 1: this is that you've got to Speaker Pelosi coming out

603
00:34:02,280 --> 00:34:04,560
Speaker 1: and saying he wasn't compromised. Now, how does she know?

604
00:34:04,760 --> 00:34:06,479
Speaker 1: What is her stories? I guess she talked to him.

605
00:34:06,520 --> 00:34:08,560
Speaker 1: I don't know. But this is also the same woman

606
00:34:08,600 --> 00:34:10,480
Speaker 1: who said she was gonna win all you know, get

607
00:34:10,520 --> 00:34:13,000
Speaker 1: this huge majority I mean in the House, I mean nobody.

608
00:34:13,120 --> 00:34:15,560
Speaker 1: I mean, it's just the fact that she comes out

609
00:34:15,600 --> 00:34:18,040
Speaker 1: and says that he wasn't compromised when we have so

610
00:34:18,239 --> 00:34:21,879
Speaker 1: little information. He may not have been compromised, he may

611
00:34:21,960 --> 00:34:24,600
Speaker 1: not have had a cozy relationship with her. But why

612
00:34:24,760 --> 00:34:26,840
Speaker 1: is his boss and the and the head of the

613
00:34:26,840 --> 00:34:30,359
Speaker 1: Democratic Party staying so quickly that he wasn't compromised when

614
00:34:30,360 --> 00:34:34,120
Speaker 1: it involves China, which is one of our biggest adversaries.

615
00:34:34,160 --> 00:34:36,680
Speaker 1: You know, have we lost our minds? Now? Well? I said,

616
00:34:36,719 --> 00:34:39,520
Speaker 1: I said, this is fascinating to me because James, I mean,

617
00:34:39,840 --> 00:34:42,160
Speaker 1: and and and Greta just really outlined I think what

618
00:34:42,280 --> 00:34:45,120
Speaker 1: a lot of people are thinking right now. But beyond that,

619
00:34:45,160 --> 00:34:48,759
Speaker 1: whether you're a Democrat or a Republican and again, and

620
00:34:49,000 --> 00:34:52,440
Speaker 1: I say this, we've seen examples in the past few years,

621
00:34:52,480 --> 00:34:55,560
Speaker 1: whether it's Russia, whether in this case it's China. I

622
00:34:55,600 --> 00:34:57,719
Speaker 1: don't care if they're a Republican or a Democrat. I

623
00:34:57,760 --> 00:35:02,120
Speaker 1: don't want spies infiltrating uh, members of Congress. So, James,

624
00:35:02,400 --> 00:35:04,880
Speaker 1: I mean, from that vantage point, what is the risk

625
00:35:05,160 --> 00:35:11,879
Speaker 1: that the country faces when these infiltrations move away from

626
00:35:11,920 --> 00:35:14,719
Speaker 1: how do we prevent this from happening, happening to our

627
00:35:15,000 --> 00:35:20,319
Speaker 1: entire political system to uh, finger pointing over well, you

628
00:35:20,320 --> 00:35:24,400
Speaker 1: know this particular politician who is in an opposing political

629
00:35:24,520 --> 00:35:28,120
Speaker 1: party of me messed up, do you know what I mean?

630
00:35:29,000 --> 00:35:30,920
Speaker 1: There's a lot of vulnerabilities here. There's a lot of

631
00:35:30,960 --> 00:35:33,680
Speaker 1: ways that it happened. You know, the enemy doesn't kind

632
00:35:33,719 --> 00:35:36,160
Speaker 1: of come after us one particular way. And so you know,

633
00:35:36,200 --> 00:35:38,800
Speaker 1: we saw the big fire I hack that was disclosed

634
00:35:38,800 --> 00:35:42,760
Speaker 1: earlier this week, likely by the Russian government to steal

635
00:35:42,800 --> 00:35:45,880
Speaker 1: the cyber tools at a leading cyber firm. You know

636
00:35:46,160 --> 00:35:48,840
Speaker 1: that's a threat. Uh. You know, we need to strengthen

637
00:35:48,840 --> 00:35:53,320
Speaker 1: our foreign agent registration laws and enforcement. The Trump administration

638
00:35:53,360 --> 00:35:56,640
Speaker 1: has actually done a much better job of enforcing the

639
00:35:56,719 --> 00:36:00,400
Speaker 1: far oh laws, because we gotta know who foreign governments

640
00:36:00,400 --> 00:36:03,239
Speaker 1: are paying here in d C. To uh to you know,

641
00:36:03,320 --> 00:36:06,359
Speaker 1: pedal their agenda. And then you know what was going

642
00:36:06,400 --> 00:36:10,960
Speaker 1: on with this apparently thing woman is something that is

643
00:36:11,120 --> 00:36:15,080
Speaker 1: much harder root out because it's a very long term play. Uh.

644
00:36:15,120 --> 00:36:17,800
Speaker 1: You know, she wasn't coming in and you know, trying

645
00:36:17,840 --> 00:36:21,400
Speaker 1: to um, you know, go right after someone who was

646
00:36:21,800 --> 00:36:25,040
Speaker 1: you know, at the CIA at the point that she

647
00:36:25,160 --> 00:36:27,439
Speaker 1: was sort of ingratiating herself with Swallow and we don't

648
00:36:27,440 --> 00:36:30,440
Speaker 1: know the extent of their relationship. Uh. You know, he

649
00:36:30,480 --> 00:36:32,680
Speaker 1: wasn't even a member of Congress yet he was running

650
00:36:32,719 --> 00:36:35,600
Speaker 1: as a as a primary candidate against the sitting member

651
00:36:35,600 --> 00:36:39,600
Speaker 1: of Congress. What happens is, you know that she's what

652
00:36:39,719 --> 00:36:42,320
Speaker 1: they call in the in the espion huge business, a honeypot.

653
00:36:42,520 --> 00:36:46,160
Speaker 1: According to the Axis report, she slept with two different

654
00:36:46,200 --> 00:36:49,279
Speaker 1: mayors from Ohio and you know, those guys don't have

655
00:36:49,400 --> 00:36:52,440
Speaker 1: access to intelligence, but what they're doing is playing the

656
00:36:52,440 --> 00:36:55,520
Speaker 1: groundwork for these long term relationships. All right, we gotta

657
00:36:55,560 --> 00:36:57,440
Speaker 1: leave it there. Coming up next, we had to Capitol

658
00:36:57,520 --> 00:36:59,000
Speaker 1: Hill and then I checked in to see what's on

659
00:36:59,080 --> 00:37:00,560
Speaker 1: James and gret is right or you don't want to

660
00:37:00,560 --> 00:37:02,920
Speaker 1: miss that. I'm Kevin SERELLI. You're listening to Bloomberg n

661
00:37:04,239 --> 00:37:08,239
Speaker 1: On with Kevin Sirel on Bloomberg and one Old five

662
00:37:08,280 --> 00:37:11,400
Speaker 1: point seven h D two. My name is Kevin CEREALI.

663
00:37:11,440 --> 00:37:14,440
Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for

664
00:37:14,520 --> 00:37:18,000
Speaker 1: Bloomberg Radio. If you're feeling a little gray, don't be.

665
00:37:18,520 --> 00:37:21,200
Speaker 1: It's the end of the year. We're all gonna get

666
00:37:21,239 --> 00:37:27,279
Speaker 1: through it together and Funny twenty twenty is over. Are indefatigable?

667
00:37:27,480 --> 00:37:31,320
Speaker 1: Team Let a course by R E. P. Christine Rada.

668
00:37:31,440 --> 00:37:34,640
Speaker 1: One of our producers, Matthew Shirley, given me a hard

669
00:37:34,680 --> 00:37:37,160
Speaker 1: time because they've noticed a few gray hairs on my head,

670
00:37:37,600 --> 00:37:39,920
Speaker 1: and in the break they were telling me to dye

671
00:37:40,000 --> 00:37:42,720
Speaker 1: my hair. You see what I put up with joining

672
00:37:42,760 --> 00:37:45,080
Speaker 1: us on the line. Congressman, they didn't think I would

673
00:37:45,080 --> 00:37:48,319
Speaker 1: say that on air. Congressman Don Buyer a Democrat from

674
00:37:49,040 --> 00:37:54,160
Speaker 1: Virginia's eighth Congressional District representing Virginia's eighth congressional district. He's

675
00:37:54,160 --> 00:37:57,600
Speaker 1: also the vice chairman of the Joint Economic Committee Ways

676
00:37:57,600 --> 00:38:00,640
Speaker 1: and Meads and Trade Subcommittee. Congressman By, You're welcome back

677
00:38:00,640 --> 00:38:04,239
Speaker 1: to the program. Appreciate it. It's radio, so I can't

678
00:38:04,280 --> 00:38:08,480
Speaker 1: see your hair. I know I'm gonna get in trouble

679
00:38:08,560 --> 00:38:12,360
Speaker 1: for that intro, but you know you gotta live a little, right, Congressman, Right,

680
00:38:12,800 --> 00:38:15,959
Speaker 1: that can be focused. I can be focused. Okay. Uh.

681
00:38:16,000 --> 00:38:19,160
Speaker 1: My question to you, sir, is our lawmakers focused on

682
00:38:19,200 --> 00:38:24,160
Speaker 1: getting a deal. I feel like the talks fell apart today. Yeah,

683
00:38:24,280 --> 00:38:27,200
Speaker 1: lawmakers are, except that we're most of us are not

684
00:38:27,280 --> 00:38:30,319
Speaker 1: in the room. And yeah, I've read about the deal

685
00:38:30,360 --> 00:38:33,759
Speaker 1: falling apart, but I've also read that both Speaker Peluci

686
00:38:33,920 --> 00:38:37,120
Speaker 1: Pelosi and Majority Leader Hoyer have said we're not going

687
00:38:37,200 --> 00:38:39,520
Speaker 1: home until we get a deal. I think we're still

688
00:38:39,600 --> 00:38:42,799
Speaker 1: very committed. I mean, just look at that. What's happened, well,

689
00:38:42,800 --> 00:38:46,000
Speaker 1: the stock market today, but even more importantly the unemployment

690
00:38:46,000 --> 00:38:49,200
Speaker 1: claims today. You know, there's there's real concerns that there's

691
00:38:49,200 --> 00:38:51,160
Speaker 1: an awful lot of people hurting. We have to get

692
00:38:51,200 --> 00:38:54,319
Speaker 1: money to them. So I think from the from the

693
00:38:54,360 --> 00:38:57,719
Speaker 1: outsider's perspective and in conversations that I've had today and

694
00:38:57,760 --> 00:39:00,800
Speaker 1: talking with staffers and talking with lawmakers all week, I

695
00:39:01,360 --> 00:39:04,480
Speaker 1: don't know where things took a turn precisely today. So

696
00:39:04,520 --> 00:39:07,399
Speaker 1: help me understand that because there seemed to be such

697
00:39:07,440 --> 00:39:11,480
Speaker 1: a positive trend of the breakthrough that was happening when

698
00:39:11,600 --> 00:39:15,239
Speaker 1: with this agreement around night, and now it seems that

699
00:39:15,280 --> 00:39:18,040
Speaker 1: those talks are just totally still. I don't know what

700
00:39:18,120 --> 00:39:22,560
Speaker 1: went What went wrong, Kevin is best I understand it.

701
00:39:22,560 --> 00:39:26,360
Speaker 1: It was that the challenge with getting enough Republican Senators

702
00:39:26,400 --> 00:39:29,080
Speaker 1: to before it. The problem has never been in the House.

703
00:39:29,120 --> 00:39:33,160
Speaker 1: We've passed, you know, stimulus and relief bill one after

704
00:39:33,280 --> 00:39:37,759
Speaker 1: another after another. But I think Mitch McConnell, who seemingly

705
00:39:37,880 --> 00:39:41,040
Speaker 1: runs the Senate with an iron fifth, also realizes or

706
00:39:41,040 --> 00:39:43,400
Speaker 1: believes that he has to have the support of a

707
00:39:43,480 --> 00:39:46,480
Speaker 1: majority of his Republican senators. He didn't want to just

708
00:39:46,560 --> 00:39:49,640
Speaker 1: pass it with forty seven Democrats and four or five

709
00:39:49,719 --> 00:39:53,160
Speaker 1: or six Republicans. And and that's where the challenges with

710
00:39:53,360 --> 00:39:55,320
Speaker 1: And I don't know who to pick on, but I

711
00:39:55,360 --> 00:39:57,840
Speaker 1: would guess that that Tom Cottons and Ted cruises in

712
00:39:57,880 --> 00:40:00,600
Speaker 1: the world have pushed back kind of from don buyers

713
00:40:00,680 --> 00:40:04,840
Speaker 1: with us. He has a Democrat representing Virginia's eighth congressional district.

714
00:40:04,920 --> 00:40:08,040
Speaker 1: He's also the vice chair of the Joint Economic Committee. Congressman.

715
00:40:08,080 --> 00:40:09,680
Speaker 1: You know this, I mean, and I don't want to

716
00:40:09,680 --> 00:40:12,520
Speaker 1: push it too far here, but the general consensus that

717
00:40:12,560 --> 00:40:15,560
Speaker 1: has been widely reported it messes with my reporting as well,

718
00:40:16,040 --> 00:40:19,960
Speaker 1: is that people like yourself are a bit frustrated with leadership,

719
00:40:20,080 --> 00:40:25,000
Speaker 1: not just Speaker Pelosi individually, but also Republican leadership as well.

720
00:40:25,320 --> 00:40:27,560
Speaker 1: You said this at the start of the segment, that

721
00:40:27,640 --> 00:40:30,360
Speaker 1: the most of the members aren't able to be in

722
00:40:30,400 --> 00:40:35,000
Speaker 1: the room. I mean, is just how palpable is that frustration?

723
00:40:35,440 --> 00:40:37,600
Speaker 1: And do you think that that will lend itself to

724
00:40:37,640 --> 00:40:42,440
Speaker 1: any political capital in the new Congress. I think there

725
00:40:42,560 --> 00:40:44,360
Speaker 1: is a lot of frustration, but I don't think the

726
00:40:44,440 --> 00:40:48,920
Speaker 1: frustration is with Speaker Pelosi. I think the frustration is

727
00:40:49,400 --> 00:40:52,200
Speaker 1: always been trying to get something through the Senate. And

728
00:40:52,200 --> 00:40:55,520
Speaker 1: and frankly, Kevin, it's not so much frustration as it

729
00:40:55,640 --> 00:41:00,239
Speaker 1: is empathy and in a sense of the suffering of

730
00:41:00,280 --> 00:41:02,840
Speaker 1: the you know, the the huge number of people that

731
00:41:02,880 --> 00:41:05,000
Speaker 1: have been unemployed for more than twenty six weeks, the

732
00:41:05,000 --> 00:41:08,480
Speaker 1: folks who haven't had an unemployment check since the twenty

733
00:41:08,480 --> 00:41:11,120
Speaker 1: six weeks ran out, or since the six dollars ended

734
00:41:11,160 --> 00:41:13,960
Speaker 1: at the end of July. You know, it's we're not

735
00:41:14,080 --> 00:41:17,200
Speaker 1: in in the room. But I also know that, um,

736
00:41:17,280 --> 00:41:20,000
Speaker 1: we really want to deal and that we feel like

737
00:41:20,040 --> 00:41:21,960
Speaker 1: we have to get to it. But Mr McConnell has

738
00:41:21,960 --> 00:41:24,440
Speaker 1: to be able to say yes, yeah, all right. I

739
00:41:24,440 --> 00:41:26,440
Speaker 1: want to switch gears now because you are also a

740
00:41:26,480 --> 00:41:30,160
Speaker 1: member of on the Trade Subcommittee for Ways and Means,

741
00:41:30,160 --> 00:41:34,800
Speaker 1: and yesterday President elect Joe Biden picking a longtime China

742
00:41:34,840 --> 00:41:38,080
Speaker 1: credit Katherine Tie as a top US trade official. Just

743
00:41:38,160 --> 00:41:40,120
Speaker 1: your reaction to that pick and what do you hope

744
00:41:40,280 --> 00:41:43,399
Speaker 1: the Biden administration accomplishes on the on the US trying

745
00:41:43,400 --> 00:41:46,640
Speaker 1: to trade front and and more broadly speaking, the broader

746
00:41:46,640 --> 00:41:50,320
Speaker 1: trade issues as well. You know, I'm thrilled with Katherine

747
00:41:50,360 --> 00:41:53,720
Speaker 1: Ty's choice. If she's been the lead staff for Ways

748
00:41:53,719 --> 00:41:55,640
Speaker 1: and Means trade for a number of years, but she

749
00:41:55,719 --> 00:41:58,120
Speaker 1: had a great depth. She was a deputy U S

750
00:41:58,120 --> 00:42:02,719
Speaker 1: Trade rep before. She speaks luent Mandarin. She studied in China. Uh,

751
00:42:02,719 --> 00:42:07,200
Speaker 1: and she's just smart and honest and uh, she'll be terrific.

752
00:42:07,239 --> 00:42:09,000
Speaker 1: And I think the first thing she'll do is try

753
00:42:09,000 --> 00:42:11,799
Speaker 1: to make sure that all the other most of the

754
00:42:11,800 --> 00:42:14,800
Speaker 1: other nations of the world joined with us and presenting

755
00:42:14,840 --> 00:42:17,960
Speaker 1: a solid front in our dealings with China. When we

756
00:42:18,000 --> 00:42:21,279
Speaker 1: do this America first, America alone. You know, we lose

757
00:42:21,320 --> 00:42:23,040
Speaker 1: a lot of our allies, and we're gonna have to

758
00:42:23,080 --> 00:42:26,200
Speaker 1: be united with Europe and with those specific nations if

759
00:42:26,200 --> 00:42:30,680
Speaker 1: we're gonna, you know, move our relationship with China forward.

760
00:42:31,080 --> 00:42:33,960
Speaker 1: So I mean, do you think I mean I'm President

761
00:42:34,000 --> 00:42:38,640
Speaker 1: elect Biden? Uh? Uh Okay, we have breaking news of

762
00:42:38,680 --> 00:42:42,400
Speaker 1: red headline crossing the Bloomberg terminal. Now FDA advisers vote

763
00:42:42,680 --> 00:42:47,799
Speaker 1: that Fightser vaccines benefits outweigh the risk again, a red

764
00:42:47,840 --> 00:42:52,440
Speaker 1: headline crossing the Bloomberg terminal. Right now that FDA advisors

765
00:42:52,440 --> 00:42:57,719
Speaker 1: have voted that Fiser's vaccines benefits outweigh the risks. I

766
00:42:57,760 --> 00:43:01,480
Speaker 1: will bring you more as this emerges and we get

767
00:43:01,520 --> 00:43:04,640
Speaker 1: some more guidance on specifically what this vote will mean.

768
00:43:05,080 --> 00:43:09,600
Speaker 1: But f d A advisers voting that Viser's vaccine benefits

769
00:43:09,640 --> 00:43:13,560
Speaker 1: outweigh the risks. Congressman, your immediate reaction in terms of

770
00:43:13,560 --> 00:43:16,959
Speaker 1: the vaccination process here in the United States and where

771
00:43:17,440 --> 00:43:20,759
Speaker 1: uh this will move over the coming weeks and months. Well,

772
00:43:20,800 --> 00:43:22,480
Speaker 1: I'm sure that they do this, and I will always

773
00:43:22,480 --> 00:43:24,279
Speaker 1: be able to say knew exactly where I was when

774
00:43:24,280 --> 00:43:29,960
Speaker 1: the Fightser vaccine was approved on the fun with great

775
00:43:30,160 --> 00:43:33,000
Speaker 1: movement in the right direction. And and I'm hoping by

776
00:43:33,080 --> 00:43:35,680
Speaker 1: may or June most of us will be vaccinated. So

777
00:43:35,760 --> 00:43:37,839
Speaker 1: I mean so and and you know, this is an

778
00:43:37,880 --> 00:43:39,799
Speaker 1: uncomfortable question, but it's one that I've had to ask

779
00:43:39,840 --> 00:43:42,880
Speaker 1: people like yourself in both parties every single day for

780
00:43:42,920 --> 00:43:45,440
Speaker 1: the past week or so on this program. One of

781
00:43:45,440 --> 00:43:48,400
Speaker 1: the most the top question that I get from folks

782
00:43:48,920 --> 00:43:51,680
Speaker 1: outside of of Washington, d C. And friends of mine

783
00:43:52,040 --> 00:43:54,480
Speaker 1: are is about whether or not they can trust the vaccine.

784
00:43:54,560 --> 00:43:57,560
Speaker 1: I say, yes, you can, uh and and you know,

785
00:43:57,600 --> 00:43:59,120
Speaker 1: when it's your time to get it, you should, you

786
00:43:59,160 --> 00:44:03,000
Speaker 1: should get it. But from your perspective, Congressman, this these

787
00:44:03,000 --> 00:44:05,840
Speaker 1: aren't anti vaxers who are asking these questions. There's a

788
00:44:05,880 --> 00:44:08,279
Speaker 1: real concern about this. And I said it yesterday and

789
00:44:08,360 --> 00:44:10,960
Speaker 1: kidding aside, this is not like I'm gonna wait to

790
00:44:11,000 --> 00:44:13,840
Speaker 1: get the next iPhone so all the glitches are backed out.

791
00:44:13,880 --> 00:44:17,120
Speaker 1: These scientists have been working for decades on coming up

792
00:44:17,120 --> 00:44:19,239
Speaker 1: with these types of vaccines. But how do you win

793
00:44:19,400 --> 00:44:22,360
Speaker 1: back the trust of some of many Americans who have

794
00:44:22,480 --> 00:44:25,080
Speaker 1: feel who have questions about this as a result of

795
00:44:25,120 --> 00:44:29,920
Speaker 1: the politicization of the vaccination process. Yeah, I'm so pleased

796
00:44:29,920 --> 00:44:33,880
Speaker 1: that earlier presidents Bill Clinton, George Bush, Barack Obama have

797
00:44:34,000 --> 00:44:36,880
Speaker 1: all agreed to take this vaccine and take it publicly.

798
00:44:37,160 --> 00:44:39,879
Speaker 1: I'm hoping that leaders across the country will do that.

799
00:44:40,239 --> 00:44:42,960
Speaker 1: And I really just want to remind people that, you know,

800
00:44:43,760 --> 00:44:46,880
Speaker 1: d the average American white man lived pill age forty

801
00:44:47,239 --> 00:44:50,960
Speaker 1: and now we lived at four. This is a it's

802
00:44:50,960 --> 00:44:54,000
Speaker 1: a big difference because of vaccines, and and and even

803
00:44:54,120 --> 00:44:56,759
Speaker 1: from from the broader standpoint, again, if you're just joining

804
00:44:56,840 --> 00:44:59,160
Speaker 1: us a red headline crossing the Bloomberg terminal f D

805
00:44:59,320 --> 00:45:04,479
Speaker 1: A advice, there's vote that fiser vaccines benefits outweigh the risk.

806
00:45:04,640 --> 00:45:08,040
Speaker 1: We're talking with Congressman Don Buyer, a Democrat from Virginia's

807
00:45:08,080 --> 00:45:12,160
Speaker 1: eighth congressional district. And and even in the sense Congressman,

808
00:45:12,200 --> 00:45:14,839
Speaker 1: what do you hope lawmakers are going to be able

809
00:45:14,880 --> 00:45:19,799
Speaker 1: to do to to facilitate the rapid and responsible execution

810
00:45:19,960 --> 00:45:23,760
Speaker 1: of this vaccination effort. Well back to your first question

811
00:45:23,800 --> 00:45:27,279
Speaker 1: about when will the extra stimulus relief come, because a

812
00:45:27,320 --> 00:45:30,280
Speaker 1: big piece of that will be, you know, fifteen billion

813
00:45:30,400 --> 00:45:33,000
Speaker 1: or more just just for vaccines. And then I'm hoping

814
00:45:33,040 --> 00:45:37,120
Speaker 1: that we trust our governors and our local county officials

815
00:45:37,160 --> 00:45:39,960
Speaker 1: to get it that people who need it most. And

816
00:45:39,960 --> 00:45:42,359
Speaker 1: and do you think that there needs to be a

817
00:45:42,400 --> 00:45:48,000
Speaker 1: mass education effort, uh to a nonpartisan effort to to

818
00:45:48,200 --> 00:45:51,239
Speaker 1: sort of de politicize this. I think this should be

819
00:45:51,400 --> 00:45:54,600
Speaker 1: the most important time for the National ad Council and

820
00:45:54,719 --> 00:45:57,200
Speaker 1: everyone with the Twitter account or a Facebook account to

821
00:45:57,200 --> 00:45:59,760
Speaker 1: weigh in at point out how important this is, especially

822
00:45:59,760 --> 00:46:01,960
Speaker 1: when just about to hit you know what we're doing,

823
00:46:02,160 --> 00:46:05,160
Speaker 1: three thousand deaths a day, more than eleven about to

824
00:46:05,160 --> 00:46:08,680
Speaker 1: cross the three D. Work this vaccine is will be

825
00:46:08,760 --> 00:46:11,600
Speaker 1: much safer than living in a non vaccine world, alright.

826
00:46:11,640 --> 00:46:15,560
Speaker 1: Congressman Don Buyer, Democrat representing Virginia's eighth congressional district, the

827
00:46:15,600 --> 00:46:17,960
Speaker 1: vice chairman of the Joint Economic Committee, thank you, sir

828
00:46:18,320 --> 00:46:20,040
Speaker 1: so much for your time, and again, if you're just

829
00:46:20,160 --> 00:46:23,640
Speaker 1: joining us breaking news. Visor Shot gets nod from FDA

830
00:46:23,760 --> 00:46:28,760
Speaker 1: advisers as agency decision years, the first COVID nineteen vaccine

831
00:46:28,760 --> 00:46:31,200
Speaker 1: expected to be deployed in the United States, won the

832
00:46:31,239 --> 00:46:35,239
Speaker 1: backing of a panel government advisors who met Thursday to

833
00:46:35,320 --> 00:46:39,959
Speaker 1: consider emergency use authorization for the SHOT. Much more coming

834
00:46:40,000 --> 00:46:42,440
Speaker 1: up next on this complete reaction from GRENA Van Sushan

835
00:46:42,480 --> 00:46:58,719
Speaker 1: and James Holman. You're listening to Bloomberg. You're listening to Bloomberg.

836
00:46:58,800 --> 00:47:04,759
Speaker 1: Sound on with Kevin su Relate on Bloomberg h D two.

837
00:47:05,080 --> 00:47:08,120
Speaker 1: I'm Kevin CURRELLI, Chief Washington correspondent for Bloomberg Television and

838
00:47:08,120 --> 00:47:12,120
Speaker 1: FRO Bloomberg Radio. Breaking news headlines all over my Bloomberg

839
00:47:12,239 --> 00:47:16,920
Speaker 1: terminal Reporting from Anna Edney. The first COVID nineteen vaccine

840
00:47:17,080 --> 00:47:20,800
Speaker 1: expected to be deployed in the US won the backing

841
00:47:20,960 --> 00:47:24,200
Speaker 1: of a panel of government advisors who met all day

842
00:47:24,280 --> 00:47:29,640
Speaker 1: today to consider emergency use authorization for the shots. The

843
00:47:29,760 --> 00:47:34,880
Speaker 1: FDA advisory panel voted seventeen to four, with one abstention,

844
00:47:35,280 --> 00:47:40,719
Speaker 1: that the benefits of the FISER and BioNTech vaccines outweigh

845
00:47:40,920 --> 00:47:46,480
Speaker 1: the risks for use in people ages sixteen and older. Now,

846
00:47:46,520 --> 00:47:50,200
Speaker 1: the FDA does not have to follow the recommendation, though

847
00:47:50,280 --> 00:47:54,640
Speaker 1: often it does agree with its advisors. The vote moves

848
00:47:54,680 --> 00:48:02,040
Speaker 1: the experimental vaccine closer to authorization, which could happen within days.

849
00:48:02,400 --> 00:48:07,240
Speaker 1: After gaining clearance, vaccines will be distributed across the US

850
00:48:07,239 --> 00:48:10,560
Speaker 1: and a massive undertaking that will put healthcare workers in

851
00:48:10,640 --> 00:48:13,920
Speaker 1: long term care facility residents at the front of the line.

852
00:48:14,280 --> 00:48:18,400
Speaker 1: The US expects two point nine million doses to be

853
00:48:18,440 --> 00:48:25,360
Speaker 1: available to states immediately. Uh. That's where things stand right now. Again, Uh,

854
00:48:25,400 --> 00:48:29,160
Speaker 1: the Visor shot has gotten a nod from f d

855
00:48:29,320 --> 00:48:35,360
Speaker 1: A advisors, moving it one step closer as the entire agency,

856
00:48:35,440 --> 00:48:38,759
Speaker 1: not just the advisors, now decides whether or not this

857
00:48:38,840 --> 00:48:42,280
Speaker 1: vaccine will happen. But again, this is a major step forward,

858
00:48:42,560 --> 00:48:46,760
Speaker 1: a major hurdle cleared right before what would likely become

859
00:48:47,160 --> 00:48:50,840
Speaker 1: an approval. Uh. And again, two point nine million doses

860
00:48:50,880 --> 00:48:54,359
Speaker 1: of the Visor vaccine. The government is saying that those

861
00:48:54,440 --> 00:48:58,480
Speaker 1: vaccines will be available almost immediately to frontline workers and

862
00:48:58,520 --> 00:49:02,680
Speaker 1: to individuals of right at the top of and to

863
00:49:02,800 --> 00:49:06,600
Speaker 1: elder I'm sorry, it's elderly Americans as well, as we've

864
00:49:06,640 --> 00:49:10,000
Speaker 1: seen unfold this week across the pond in the United Kingdom.

865
00:49:10,080 --> 00:49:12,279
Speaker 1: James Holman is with me, national political correspondent for the

866
00:49:12,320 --> 00:49:14,439
Speaker 1: Washington Post and the author of the Daily two oh two.

867
00:49:14,719 --> 00:49:18,320
Speaker 1: Gret Evan Sushi in chief, national political analysts for Gray Media,

868
00:49:18,360 --> 00:49:20,560
Speaker 1: and a host of full core Press with gret Evan

869
00:49:20,640 --> 00:49:23,200
Speaker 1: Sushion a great program, if I do say so, Greta,

870
00:49:23,200 --> 00:49:26,880
Speaker 1: I mean, just your reaction to this major, major development

871
00:49:26,880 --> 00:49:29,560
Speaker 1: on the vaccination front. All right, what theme one of

872
00:49:29,560 --> 00:49:32,560
Speaker 1: the fourties specials on just this as as many people

873
00:49:32,560 --> 00:49:34,759
Speaker 1: in the media have. And I'm also older than you

874
00:49:34,880 --> 00:49:37,839
Speaker 1: and James. I remember when we walked on the moon

875
00:49:38,000 --> 00:49:41,520
Speaker 1: and what a huge step that was with a huge advancement.

876
00:49:41,880 --> 00:49:45,680
Speaker 1: I think the same way to develop this vaccine in

877
00:49:45,920 --> 00:49:50,279
Speaker 1: eight months is absolutely incredible. And I took my hat

878
00:49:50,320 --> 00:49:53,560
Speaker 1: to all the scientists when working seven. I realized some

879
00:49:53,600 --> 00:49:55,560
Speaker 1: people are frightened of it, and you know this is

880
00:49:55,800 --> 00:49:57,560
Speaker 1: you know, that's their option. I want you know, as

881
00:49:57,560 --> 00:49:59,839
Speaker 1: soon as I'm it's available for me, I will do it.

882
00:50:00,160 --> 00:50:02,879
Speaker 1: And I am grateful for it um And I hope,

883
00:50:02,920 --> 00:50:04,640
Speaker 1: I hope, I hope a lot of people do take

884
00:50:04,680 --> 00:50:06,880
Speaker 1: the vaccine. I hope it's safe because we are really

885
00:50:06,920 --> 00:50:09,399
Speaker 1: going to need about seventy of the population to take

886
00:50:09,440 --> 00:50:12,080
Speaker 1: it in order to create that herb immunity, that that

887
00:50:12,239 --> 00:50:15,320
Speaker 1: herd immunity, so that we can get rid of this ugly,

888
00:50:15,560 --> 00:50:18,320
Speaker 1: nasty virus GRETA. I mean, I think you just captured

889
00:50:18,360 --> 00:50:20,839
Speaker 1: it so well. I mean in eight months, and we've

890
00:50:20,840 --> 00:50:24,560
Speaker 1: had Republicans and Democrats, and yesterday we had Congressman Abigail Spanburger,

891
00:50:25,200 --> 00:50:28,080
Speaker 1: a Democrat from Virginia. And I thought she put it

892
00:50:28,280 --> 00:50:32,400
Speaker 1: so well when she said, uh, that this was a

893
00:50:32,440 --> 00:50:35,360
Speaker 1: result of science that got the vaccine so quickly. It

894
00:50:35,400 --> 00:50:38,640
Speaker 1: wasn't a result of cutting corners. But well, you know

895
00:50:38,680 --> 00:50:40,759
Speaker 1: what the other the other instine thing is, um is

896
00:50:40,800 --> 00:50:43,960
Speaker 1: that if you Dr Fauci last week and I asked him,

897
00:50:43,960 --> 00:50:46,279
Speaker 1: you know, there's been so much political noise about this,

898
00:50:46,360 --> 00:50:48,479
Speaker 1: whether you wear a mask, not wear masks, people saying

899
00:50:48,480 --> 00:50:51,319
Speaker 1: horrible things about Trump, saying great things about Trump. I

900
00:50:51,400 --> 00:50:55,040
Speaker 1: asked him, did politics in this election, this is her

901
00:50:55,160 --> 00:50:57,640
Speaker 1: electrifinal election year, did it get in the way in

902
00:50:57,880 --> 00:50:59,920
Speaker 1: any way, did in any way get in the way

903
00:51:00,040 --> 00:51:02,480
Speaker 1: of where we are in terms of developing the vaccines?

904
00:51:02,640 --> 00:51:05,520
Speaker 1: And Dr Fauci said to me, no, it was noise.

905
00:51:05,680 --> 00:51:09,040
Speaker 1: It was noise, but you know it is it's incredible

906
00:51:09,120 --> 00:51:11,680
Speaker 1: what our scientists have done. And I and he also

907
00:51:11,760 --> 00:51:14,600
Speaker 1: tipped his hat to the Trump administration that you know

908
00:51:14,680 --> 00:51:17,839
Speaker 1: about you know about Operation Warp Speed And I know

909
00:51:18,080 --> 00:51:20,640
Speaker 1: this is so wrapped up in politics, but you know,

910
00:51:20,760 --> 00:51:23,560
Speaker 1: this is this is the This is like D Day almost,

911
00:51:23,560 --> 00:51:25,680
Speaker 1: but for Americans is like you know, can you I mean,

912
00:51:25,719 --> 00:51:28,560
Speaker 1: this is incredible what we're doing. And you know, I

913
00:51:28,600 --> 00:51:30,839
Speaker 1: hope that you know, I hope that the FDA is right.

914
00:51:30,880 --> 00:51:32,960
Speaker 1: I believe that they I mean, I'm willing to believe

915
00:51:33,000 --> 00:51:35,680
Speaker 1: that they are. And and I applaud everybody has been

916
00:51:35,680 --> 00:51:37,640
Speaker 1: working on this well. I mean, and you look at

917
00:51:37,680 --> 00:51:39,959
Speaker 1: what the UK has been doing as well, and and

918
00:51:39,960 --> 00:51:42,399
Speaker 1: and so they're they're moving ahead with this, James Holm.

919
00:51:42,400 --> 00:51:44,800
Speaker 1: And I mean, just to get your reaction again, headline

920
00:51:45,080 --> 00:51:48,799
Speaker 1: major red headline crossing the Bloomberg terminal. Now FISER shot

921
00:51:48,840 --> 00:51:53,080
Speaker 1: gets nod from FDA advisorss agency decision nears. So a

922
00:51:53,120 --> 00:51:57,400
Speaker 1: panel of advisors on the FDA have said that, uh,

923
00:51:57,520 --> 00:52:01,360
Speaker 1: the benefits of FISER and buy and X vaccines outweigh

924
00:52:01,440 --> 00:52:04,920
Speaker 1: the risk for use in pages used in people ages

925
00:52:04,960 --> 00:52:09,720
Speaker 1: older than sixteen. I mean, James, Uh, this is a major, major,

926
00:52:09,960 --> 00:52:14,440
Speaker 1: major milestone. It is and it's a testament Kevin private enterprise.

927
00:52:14,600 --> 00:52:18,280
Speaker 1: You know, FISER didn't take any government money for research

928
00:52:18,320 --> 00:52:21,960
Speaker 1: and development of this. It's also a testament to the

929
00:52:22,080 --> 00:52:25,520
Speaker 1: value in some ways of globalization. You know, the the

930
00:52:25,600 --> 00:52:28,520
Speaker 1: FISER was partnered with bio in Tech, which is a

931
00:52:28,560 --> 00:52:33,840
Speaker 1: German company that's run by Turkish immigrant and uh and

932
00:52:34,160 --> 00:52:37,799
Speaker 1: in the competition I think proved really healthy between uh

933
00:52:37,920 --> 00:52:41,360
Speaker 1: Fiser and astros Eneka and Maderna and uh and I

934
00:52:41,400 --> 00:52:44,719
Speaker 1: think it's notable Argent get these doses before, you know,

935
00:52:44,760 --> 00:52:48,319
Speaker 1: say Canada, where they have socialized medicine, and they in

936
00:52:48,360 --> 00:52:52,360
Speaker 1: many ways, of many ways of discouraged investment in this

937
00:52:52,480 --> 00:52:55,239
Speaker 1: kind of R and D. Uh and and thank god

938
00:52:55,360 --> 00:52:58,319
Speaker 1: that these these pharmaceutical companies were able to invest in that.

939
00:52:59,400 --> 00:53:01,439
Speaker 1: Can can I just one question? You know they didn't

940
00:53:01,480 --> 00:53:03,480
Speaker 1: take money for R and D, but didn't they take

941
00:53:03,520 --> 00:53:05,640
Speaker 1: money for a hundred million doses? And doesn't that make

942
00:53:05,760 --> 00:53:07,759
Speaker 1: any imagines still on the product where you have someone

943
00:53:07,800 --> 00:53:10,120
Speaker 1: that's agreed to buy you a hundred millions of your doses?

944
00:53:10,600 --> 00:53:13,239
Speaker 1: So you know the taxpayers, you know the taxpayers, and

945
00:53:13,239 --> 00:53:15,239
Speaker 1: and thank you to the taxpayers for you know they

946
00:53:15,239 --> 00:53:17,000
Speaker 1: didn't really say yes or no, but you know that

947
00:53:17,120 --> 00:53:19,880
Speaker 1: you know they they you know, the taxpayers are financing

948
00:53:19,920 --> 00:53:22,239
Speaker 1: a lots maybe not in the R and D, but

949
00:53:22,440 --> 00:53:24,720
Speaker 1: you know, but we agreed to buy a hundred million

950
00:53:24,760 --> 00:53:27,520
Speaker 1: of all of doses, of all these different efforts, and

951
00:53:27,760 --> 00:53:33,680
Speaker 1: it could have fallen flat. So I think genous. Yeah,

952
00:53:33,680 --> 00:53:35,400
Speaker 1: I know you're right. And and to be fair as

953
00:53:35,400 --> 00:53:37,440
Speaker 1: the government did all that the government did take the

954
00:53:37,520 --> 00:53:40,520
Speaker 1: R and D as part of Operation works be for Maderna.

955
00:53:41,040 --> 00:53:44,600
Speaker 1: Uh and so yes, government certainly played an important role too.

956
00:53:44,680 --> 00:53:46,880
Speaker 1: But I do think that there is a lot to

957
00:53:46,920 --> 00:53:50,000
Speaker 1: be set for. You know, the technology that allowed for

958
00:53:50,040 --> 00:53:52,600
Speaker 1: the sprint to get the vaccine, this new rn A

959
00:53:53,480 --> 00:53:55,360
Speaker 1: way of making vaccines. This is a new way of

960
00:53:55,360 --> 00:53:58,080
Speaker 1: doing vaccines. It had kind of been percorating in the

961
00:53:58,160 --> 00:54:00,799
Speaker 1: pipeline for a for a decade. That's the I got it.

962
00:54:00,840 --> 00:54:03,399
Speaker 1: And I have to just remind people of that, because yes,

963
00:54:03,440 --> 00:54:06,439
Speaker 1: I mean, this happened so quickly in eight months, but

964
00:54:06,719 --> 00:54:10,080
Speaker 1: this strand of the virus has been being researched for years.

965
00:54:10,160 --> 00:54:12,560
Speaker 1: I mean, it's not like they had to invent so.

966
00:54:12,680 --> 00:54:15,000
Speaker 1: And I say that because I want to. I think

967
00:54:15,120 --> 00:54:17,440
Speaker 1: that should give people confidence that that this has been

968
00:54:17,480 --> 00:54:20,719
Speaker 1: researched for years. Can I throw up one thing? Who

969
00:54:20,760 --> 00:54:22,359
Speaker 1: I think to go to the front of the line. First,

970
00:54:22,400 --> 00:54:25,560
Speaker 1: obviously healthcare workers, but I really would like to see

971
00:54:25,640 --> 00:54:28,400
Speaker 1: go to the front line if they wanted the thousands

972
00:54:28,440 --> 00:54:31,319
Speaker 1: and you know, thirty thousands for this for Maderna, thirty

973
00:54:31,320 --> 00:54:35,120
Speaker 1: thousand provisors, half of them got placebos, And you know,

974
00:54:35,160 --> 00:54:37,400
Speaker 1: and they took a risk, so shouldn't they be able

975
00:54:37,440 --> 00:54:38,840
Speaker 1: to go sort of the front of the line, the

976
00:54:38,880 --> 00:54:42,040
Speaker 1: ones who got the placebo if they wanted, because you know,

977
00:54:42,080 --> 00:54:44,480
Speaker 1: they took a far greater risk than the rest of us.

978
00:54:44,480 --> 00:54:46,280
Speaker 1: They were willing to do it, and they got nothing

979
00:54:46,320 --> 00:54:48,640
Speaker 1: for it. They got the placebo. I'd like to see,

980
00:54:48,680 --> 00:54:50,520
Speaker 1: I'd like to see some effort to give them the

981
00:54:50,640 --> 00:54:53,759
Speaker 1: you know, the advantage. Well, hospitals right now are some

982
00:54:53,880 --> 00:54:57,040
Speaker 1: hospitals are having lottery systems because of the for the

983
00:54:57,080 --> 00:55:00,440
Speaker 1: front line workers and whatnot. But but regardless, I'm and again,

984
00:55:00,719 --> 00:55:03,480
Speaker 1: I know it's really easy and these and you know,

985
00:55:03,520 --> 00:55:05,719
Speaker 1: the days are so much shorter, it's dark, it's it's

986
00:55:05,760 --> 00:55:08,359
Speaker 1: I get it, trust me, I get it. But we're

987
00:55:08,400 --> 00:55:11,040
Speaker 1: we're here, we are folks. I mean, a major milestone,

988
00:55:11,080 --> 00:55:13,960
Speaker 1: a major step achieved. So the light is at the

989
00:55:14,040 --> 00:55:16,239
Speaker 1: end of the tunnel. The light is coming. But we

990
00:55:16,400 --> 00:55:20,759
Speaker 1: just gotta, you know, state diligent, wear the mask, get

991
00:55:20,800 --> 00:55:24,400
Speaker 1: through this. Because now the vaccine is on the horizon.

992
00:55:24,480 --> 00:55:26,760
Speaker 1: So that's it's on my radar, that's it's on everyone's radar.

993
00:55:26,800 --> 00:55:29,200
Speaker 1: The vaccine is on the horizon. We got a middle

994
00:55:29,239 --> 00:55:32,840
Speaker 1: left to go ahead. Where do you fall on dyeing

995
00:55:32,880 --> 00:55:37,200
Speaker 1: your hair? Oh you've heard that, so I don't really,

996
00:55:37,360 --> 00:55:40,320
Speaker 1: I don't dye my hair. So I said to Craig Gordon,

997
00:55:40,320 --> 00:55:43,880
Speaker 1: who is the bureau chiefs, I do dye my hair,

998
00:55:44,000 --> 00:55:45,560
Speaker 1: let me admit it. But I gotta tell you, I've

999
00:55:45,600 --> 00:55:48,239
Speaker 1: had a lot of bail colleagues who also dye their hair,

1000
00:55:48,360 --> 00:55:53,040
Speaker 1: and they I don't dumb my hair. So wait, this

1001
00:55:53,120 --> 00:55:56,520
Speaker 1: is the story. This is the story, Greta. So Craig

1002
00:55:56,560 --> 00:55:58,440
Speaker 1: Gordon's the bureau chief here. He shows up at the

1003
00:55:58,440 --> 00:56:00,960
Speaker 1: office yesterday socially distant as the mask on, and he

1004
00:56:01,000 --> 00:56:02,640
Speaker 1: comes up to and he said, how you been on here?

1005
00:56:02,719 --> 00:56:04,759
Speaker 1: I said, well, look I'm getting older, you know, I've

1006
00:56:04,760 --> 00:56:07,160
Speaker 1: been here five years, like I've got gray hairs. And

1007
00:56:07,160 --> 00:56:09,399
Speaker 1: he goes, oh, you gotta start dying it. And now,

1008
00:56:09,480 --> 00:56:11,759
Speaker 1: of course I got the producers all given me a

1009
00:56:11,800 --> 00:56:15,440
Speaker 1: hard time. But my thanks to James Holman and Greta Greta,

1010
00:56:15,520 --> 00:56:18,800
Speaker 1: maybe I'm not gonna dye my hair. I'm Greta man Sesssion,

1011
00:56:19,120 --> 00:56:21,600
Speaker 1: the legendary, my friend. Thank you so much for listening.

1012
00:56:21,760 --> 00:56:24,279
Speaker 1: More next or more tomorrow. You're listening to Bloomberg nine

1013
00:56:24,480 --> 00:56:24,799
Speaker 1: nine one