WEBVTT - Republican Efforts to Overturn Biden’s Victory 0:00:00.240 --> 0:00:03.240 This is Bloomberg Business Week. I'm Carol Masser. Every day 0:00:03.279 --> 0:00:05.200 we're bringing you the latest news from the world's of 0:00:05.200 --> 0:00:08.920 business and finance, plus technology, politics. So much going on 0:00:08.960 --> 0:00:12.160 in the world of politics, economics, and it's all harnessing 0:00:12.160 --> 0:00:14.840 the power of Business Week reporters and editors. If you 0:00:14.840 --> 0:00:18.280 can download Bloomberg Business Week on iTunes, SoundCloud, or Bloomberg 0:00:18.320 --> 0:00:20.480 dot com. If you can also listen to our radio 0:00:20.560 --> 0:00:23.439 show at two pm Eastern on Bloomberg Radio and be 0:00:23.440 --> 0:00:26.280 sure to watch us too on YouTube by searching Bloomberg 0:00:26.360 --> 0:00:29.080 Global News. So let's get to our daily check on 0:00:29.320 --> 0:00:33.280 COVID nineteen. Dr Anthony Harris. He is work Cares Chief 0:00:33.280 --> 0:00:37.400 Innovation Officer and Associate medical director on site clinical operations. 0:00:37.400 --> 0:00:40.680 He leads the company's COVID nineteen clinical response team based 0:00:40.680 --> 0:00:44.159 in Chicago. That is a city and a state of 0:00:44.200 --> 0:00:47.280 Illinois that is seeing virus cases spike. He joins us 0:00:47.320 --> 0:00:49.880 there from Chicago, Dr Harris, nice to have you here, 0:00:49.920 --> 0:00:52.960 How are you and give us, you know, a little 0:00:52.960 --> 0:00:54.760 bit of a feel of what's going on in Chicago 0:00:54.880 --> 0:00:57.600 right now and what you're seeing on the ground. Sure, 0:00:57.720 --> 0:01:00.600 thanks for having me on, Carol, And yeah, you know, 0:01:00.680 --> 0:01:02.920 where the rubber meets the road in terms of people 0:01:02.960 --> 0:01:05.640 out and about your We're noticing the difference. Right the 0:01:05.720 --> 0:01:08.800 restaurants are shut down again. People are kind of in 0:01:08.800 --> 0:01:11.880 that mindset of you know, the the quarantine m that 0:01:11.959 --> 0:01:15.000 we were used to back in the spring, and you know, 0:01:15.200 --> 0:01:17.920 the the number one thing that we're trying to spread 0:01:17.959 --> 0:01:21.160 the word about is these large gatherings in the home. Uh. 0:01:21.200 --> 0:01:23.640 You know, it's happening in the Midwest. You look at Wisconsin, 0:01:23.680 --> 0:01:26.520 you look at what's happening here in Illinois, and the 0:01:26.560 --> 0:01:29.640 mood is very somber as people are realizing finally that 0:01:30.120 --> 0:01:33.039 you know, this is serious. This is a spike that 0:01:33.080 --> 0:01:36.360 we're seeing sustained, and that it's not going anywhere. And 0:01:36.600 --> 0:01:40.320 personal behavior uh is playing a factor and so people 0:01:40.319 --> 0:01:43.039 are hopefully people are starting to wake up to that 0:01:43.120 --> 0:01:45.840 fact so they can act accordingly in their homes and 0:01:45.880 --> 0:01:48.520 in the community. How could a mandate from the federal 0:01:48.560 --> 0:01:51.400 government kind of affect things at this point in your view, 0:01:52.960 --> 0:01:54.680 you know, if we look across the pond, we can 0:01:54.720 --> 0:01:57.680 kind of glimpse and learn from what's happened overseas, you know, 0:01:57.760 --> 0:02:01.160 Paris and France, Look what happened in England. UM in 0:02:01.200 --> 0:02:04.320 the UK, right, they're seeing numbers per capita far greater 0:02:04.360 --> 0:02:06.640 than what we're seeing. So the impact there is tremendous 0:02:06.640 --> 0:02:09.560 on a day to day basis seven rolling day average UM, 0:02:09.600 --> 0:02:12.320 and so we're looking to see if those mandates that 0:02:12.360 --> 0:02:16.640 they put in place, curfews, et cetera, will have an impact. UM. 0:02:16.680 --> 0:02:19.639 We hope they will, but we haven't seen clear evidences 0:02:19.680 --> 0:02:22.480 as it is stands yet. UM. Some of the things 0:02:22.480 --> 0:02:24.760 that we're seeing in the States play out and hopefully 0:02:24.800 --> 0:02:27.400 are protective, are the mandates that when you go to 0:02:27.520 --> 0:02:29.600 mass trends and you better have that mass when you're 0:02:29.600 --> 0:02:32.320 not getting on right. Those are the type of measures 0:02:32.360 --> 0:02:35.440 that will indeed play a factor in helping protect the 0:02:35.480 --> 0:02:38.240 general public. Dr Harris, what about treatments in terms of 0:02:38.240 --> 0:02:39.920 COVID patients? And I know I've had a lot of 0:02:39.960 --> 0:02:43.320 conversations with UM, other doctors and folks in the medical 0:02:43.360 --> 0:02:47.160 care community, and we're definitely we've learned a lot in 0:02:47.160 --> 0:02:48.960 the last seven to eight months when it comes to 0:02:49.080 --> 0:02:52.119 dealing with different types of COVID nine team cases. We've 0:02:52.160 --> 0:02:54.840 made progress, but I'm still trying to get my head around, 0:02:55.160 --> 0:02:57.320 you know, the increase in hospitalizations. I mean, how bad 0:02:57.360 --> 0:03:00.040 are the cases that are coming into the hospitals and 0:03:00.040 --> 0:03:02.720 and are you able to Are you finding that the 0:03:02.760 --> 0:03:06.600 medical community has a better grasp on you know, preventing 0:03:06.680 --> 0:03:11.760 essentially these patients from dying. Yes, they do, first and foremost, 0:03:11.760 --> 0:03:14.280 I think we've learned a lot, like you said, since 0:03:14.280 --> 0:03:16.680 this all began and in the hospitals, and we talked 0:03:16.680 --> 0:03:19.840 to the frontline hospital workers that are in the docks 0:03:19.840 --> 0:03:21.120 and the nurses that are in the i c u 0:03:21.200 --> 0:03:24.240 s taking care of these individuals that have severe cases 0:03:24.280 --> 0:03:27.680 that are on mechanical ventilation. They've learned a lot, right, Uh. 0:03:27.800 --> 0:03:30.200 If you back when I spoke with my colleagues in 0:03:30.200 --> 0:03:33.640 the hospitals, um uh in the spring and summer, you know, 0:03:33.760 --> 0:03:35.440 it was it was a rough time. People would go 0:03:35.440 --> 0:03:37.560 into bed later they would try to manage them as 0:03:37.600 --> 0:03:41.160 we have managed patients in the past with similar presentations 0:03:41.200 --> 0:03:45.640 from a UH pneumonias standpoint, right, um, and people were 0:03:45.680 --> 0:03:48.840 still you know, succumbing to the illness. And so what 0:03:48.880 --> 0:03:52.080 we learned is how do you manage what is the protocol, uh, 0:03:52.080 --> 0:03:55.400 and what works best for these specific people that are 0:03:55.400 --> 0:03:58.800 coming down with stars Kobe two and UH, you know, 0:03:58.880 --> 0:04:03.320 unfortunately the death death that we're seeing was predicted. UM 0:04:03.480 --> 0:04:06.160 was predicted back in the summer when we anticipated a 0:04:06.240 --> 0:04:08.760 spike in cases with the thirty day lag between the 0:04:08.800 --> 0:04:11.560 spikes that we're seeing and the death break, and that's 0:04:11.560 --> 0:04:14.840 starting to play out, and hopefully we'll get control of 0:04:14.880 --> 0:04:18.040 it UM. But certainly the medicine, the treatments and whatnot 0:04:18.080 --> 0:04:21.160 have improved. It's just a tidal wave of cases right 0:04:21.200 --> 0:04:23.680 now that coure trying to keep up with. Yeah, I 0:04:23.720 --> 0:04:26.440 feel like it's the ebbs and and flows, if you will, 0:04:26.440 --> 0:04:28.760 and the highs and lows of COVID nineteen. We did 0:04:28.760 --> 0:04:33.040 get some highs yesterday when we heard about the fiser 0:04:33.120 --> 0:04:35.560 treatment and a vaccine, a burst of good news finding 0:04:35.600 --> 0:04:39.120 some extraordinary results in ELI Lily also granted us emergency 0:04:39.160 --> 0:04:42.800 clearance for its antibody therapy Elily, Eli Lily excuse me. 0:04:42.880 --> 0:04:46.160 Chairman and CEO, David Rix, he caught up with our 0:04:46.200 --> 0:04:48.960 team over on Bloomberg TV and they talked about the 0:04:48.960 --> 0:04:53.719 company's coronavirus antibody therapy that was granted that emergency used. 0:04:53.800 --> 0:04:56.080 But I've got to say that Dave Rix also said 0:04:56.120 --> 0:04:58.640 it will still be needed even if a COVID vaccine 0:04:58.680 --> 0:05:01.400 is developed. He talked with Tom Jonathan Farrell at Lisa Bama. 0:05:01.480 --> 0:05:04.880 Let's check it out. We'll still need medicines like our 0:05:04.920 --> 0:05:07.800 antibody therapy to help those that will still get sick, 0:05:08.040 --> 0:05:11.160 hopefully at a much lower rate as we approach something 0:05:11.240 --> 0:05:15.160 like her immunity, but you'll still have endemic disease and 0:05:15.200 --> 0:05:18.680 we'll need therapies we have. There's many examples where this 0:05:18.760 --> 0:05:22.880 is true, including common respiratory viruses like RSV. And that 0:05:23.000 --> 0:05:25.640 of course was Eli Lily chairman and CEO Dave Bricks 0:05:25.680 --> 0:05:28.760 talking with our our colleagues over on Blueberg TV. Dr Harris, 0:05:28.920 --> 0:05:30.839 when you look at the treatments that are coming down, 0:05:30.839 --> 0:05:33.719 when you look at the news yesterday, what does that 0:05:33.800 --> 0:05:36.560 say to you about maybe where we are the timeline 0:05:36.680 --> 0:05:41.080 for getting COVID nineteen under control. Sure, so the next 0:05:41.240 --> 0:05:43.480 day's news was very positive, right, and for a number 0:05:43.480 --> 0:05:46.440 of reasons, first and foremost obviously for public sentiment in 0:05:46.520 --> 0:05:50.640 terms of understanding where the progression is of vaccine potential 0:05:50.720 --> 0:05:53.839 vaccine to be to be released. Right. But to me, 0:05:54.000 --> 0:05:57.360 what it points out in terms of yesterday's release and 0:05:57.400 --> 0:06:00.880 the positive sentiment is that we were anticipate painting from 0:06:00.920 --> 0:06:04.400 fightser exactly what has happened and transpired in November. UM. 0:06:04.480 --> 0:06:06.560 This was back in the summer that we were anticipating 0:06:06.600 --> 0:06:09.680 that basically clinical trials had started, UM they were showing 0:06:09.720 --> 0:06:13.240 positive early data in terms of results, and and then 0:06:13.279 --> 0:06:17.040 now that we're seeing more positive news around clinical outcomes 0:06:17.040 --> 0:06:20.400 with their with the vaccine. UM. This speaks very well 0:06:21.360 --> 0:06:24.640 and hopes that the timeline that we anticipate the vaccine 0:06:24.680 --> 0:06:27.039 to be released next year will play out well. And 0:06:27.080 --> 0:06:29.520 I stay next year because I'm speaking to the general 0:06:29.560 --> 0:06:33.520 public timeline of being able to access the vaccine most likely, 0:06:33.800 --> 0:06:35.800 and if we look at that timeline based upon H 0:06:35.800 --> 0:06:39.960 one in one UH and other releases of vaccines, it 0:06:40.000 --> 0:06:42.919 won't probably be until May June of next year that 0:06:43.040 --> 0:06:46.320 we see the vaccine widely distributed to the general public 0:06:46.320 --> 0:06:48.440 and the workforce. And that's what we're gearing up for 0:06:48.560 --> 0:06:51.520 here at work Care, partnering with state health officials to 0:06:51.520 --> 0:06:53.120 do so. We'll tell us about the work that you 0:06:53.120 --> 0:06:55.680 guys are doing because that specifically you work with officials, 0:06:55.680 --> 0:06:58.760 you work with companies right in terms of managing healthcare. 0:07:00.240 --> 0:07:03.280 You got it. Yeah, we're classic occupational environmental medicine. We're 0:07:03.320 --> 0:07:05.839 all physician lad been around for thirty five years and 0:07:05.839 --> 0:07:09.440 we've seen unfortunately, uh, you know, pandemics like this play 0:07:09.440 --> 0:07:11.480 out before and been a part of it, UM. And 0:07:11.560 --> 0:07:14.440 so our job in the workplaces to protect the workers 0:07:14.440 --> 0:07:17.120 first and foremost from injuries with trip and falls as 0:07:17.120 --> 0:07:20.560 well as exposures. And so during this period of COVID nineteen, 0:07:20.600 --> 0:07:24.120 it is exceptional, UM that we've been able to kind 0:07:24.120 --> 0:07:26.240 of pivot what we do a little bit in terms 0:07:26.280 --> 0:07:29.360 of providing digital platforms for screening workers that we started 0:07:29.360 --> 0:07:31.679 back in March, we've done well before million of those 0:07:31.920 --> 0:07:35.000 in the workforce, and we're launching, you know, strategies to 0:07:35.040 --> 0:07:39.160 help protect the workforce with testing regiments. Uh. And UM, 0:07:39.320 --> 0:07:41.520 it's it's working, you know, we know that it's working 0:07:41.520 --> 0:07:43.920 with the universities that we talked to, is working with 0:07:43.960 --> 0:07:46.440 the clients that we have with large businesses, and so 0:07:46.520 --> 0:07:49.160 we're we're really fortunate to be in this position to 0:07:49.200 --> 0:07:52.320 help so many people during this critical time. Where do 0:07:52.320 --> 0:07:54.240 you see testing going? And I ask, I mean, my 0:07:54.280 --> 0:07:57.000 company has been incredible and we have access to testing 0:07:57.080 --> 0:07:59.480 and they take care of everything. UM. I had a 0:07:59.520 --> 0:08:01.280 daughter who was trying to get a test yesterday and 0:08:01.320 --> 0:08:04.680 was sitting online. Uh, you know, and I just wonder, 0:08:04.880 --> 0:08:06.400 you know, are we going to get to a point 0:08:06.480 --> 0:08:07.960 where you just wake up in the morning you take 0:08:08.000 --> 0:08:10.920 a test. Is that where this is going or no? 0:08:12.680 --> 0:08:14.360 You know, if we look at the mass market, if 0:08:14.360 --> 0:08:16.360 we look at the you know what we're known for 0:08:16.400 --> 0:08:19.200 in the US, which is innovation. Right. Um, we're seeing 0:08:19.200 --> 0:08:22.680 devices that are bending the cost curve and increasing the 0:08:22.800 --> 0:08:26.520 simplicity of using these tests. And so a home test 0:08:26.560 --> 0:08:31.120 now is available for a rapid test molecular base. It's 0:08:31.160 --> 0:08:34.560 called isothermic amplification. But in short, instead of having to 0:08:34.600 --> 0:08:37.280 do PCR with heavy machinery or big machineries that as 0:08:37.360 --> 0:08:40.680 complex to do, it is simple as plugging something into 0:08:41.000 --> 0:08:44.040 your USB port of your computer, swabbing you're just the 0:08:44.040 --> 0:08:46.840 front part of your nose the nasal passages, uh, and 0:08:46.880 --> 0:08:49.120 then waiting twenty minutes to get your results. And you 0:08:49.160 --> 0:08:52.840 can do that at home. So that technology exists today. 0:08:53.280 --> 0:08:57.200 It's been euay UM approved by FDA, and uh, we're 0:08:57.240 --> 0:08:59.200 going to see more of that double down as we 0:08:59.240 --> 0:09:01.600 move forward because US again, we'll be dealing with this 0:09:01.720 --> 0:09:05.000 for months to come. If you really are trying to 0:09:05.040 --> 0:09:07.760 look across the horizon at how long we'll be dealing 0:09:07.760 --> 0:09:11.080 with COVID, and Andrew, excuse me, Anthony Faucia said this 0:09:11.160 --> 0:09:13.760 COVID may never go away, even with the vaccine because 0:09:13.800 --> 0:09:17.440 of the period of time in which the immunity from 0:09:17.480 --> 0:09:20.280 a vaccine will wane, and that maybe three months or 0:09:20.320 --> 0:09:23.079 six months. But certainly we're gonna be in this cycle 0:09:23.200 --> 0:09:27.360 for some time to come. And it certainly does feel 0:09:27.360 --> 0:09:30.199 like we are on the cusp of some changes when 0:09:30.240 --> 0:09:32.320 it comes to healthcare. I'm just listening to you talk, 0:09:32.360 --> 0:09:34.559 and I feel like more and more technology is getting involved. 0:09:34.920 --> 0:09:37.040 You know, we're able to kind of monitor things. Is 0:09:37.080 --> 0:09:40.640 that where it's all going? It really is, you know, 0:09:40.800 --> 0:09:42.640 and you know this may be all a turn for 0:09:43.120 --> 0:09:46.400 the better in terms of public health regarding not just 0:09:46.480 --> 0:09:49.160 COVID nineteen, but other diseases that we deal with a 0:09:49.160 --> 0:09:52.439 seasonal basis. Right, there's a myriad of them. But obviously 0:09:52.440 --> 0:09:55.439 everyone knows flu, so um, you know, how we approach 0:09:55.600 --> 0:09:58.760 the flu on a seasonal basis will be enhanced and 0:09:58.800 --> 0:10:01.160 improved upon because as of the impact we're seeing from 0:10:01.160 --> 0:10:03.600 COVID nineteen. The one thing we can learn from again, 0:10:03.679 --> 0:10:06.800 our neighbors across the pond is that on these type 0:10:06.840 --> 0:10:10.280 of events make a pivotal shift in how we do 0:10:10.640 --> 0:10:12.800 UH and maintain health in the community and in the 0:10:12.840 --> 0:10:16.520 workplace UH. And Korea was one of the examples where 0:10:16.520 --> 0:10:19.480 they were hit hard in UM UH it starts KVIE 0:10:19.480 --> 0:10:21.760 one back in two thousand and three, and they learned, 0:10:21.760 --> 0:10:24.240 and they learned a lot, right. I've talked to UM 0:10:24.280 --> 0:10:27.120 some of the leading physicians over there, and UM they 0:10:27.120 --> 0:10:29.920 were able to have in place quickly things that they 0:10:30.000 --> 0:10:32.160 learned from two thousand and three. And so likewise, we're 0:10:32.160 --> 0:10:34.280 going to be better off in terms of prepared and 0:10:34.320 --> 0:10:38.080 preparedness UM for this type of event far into the future. 0:10:38.200 --> 0:10:40.960 So preparedness also means what you know, thinking about the 0:10:41.000 --> 0:10:44.760 other viruses that are out there that might ultimately impact 0:10:44.800 --> 0:10:46.839 our community. It means we need to have kind of 0:10:46.840 --> 0:10:49.840 a global initiatives to kind of get the things in 0:10:49.920 --> 0:10:52.360 place right so that if we need another vaccine, it's 0:10:52.400 --> 0:10:55.480 not the race like we saw today. Dr Harris, thank you. 0:10:55.640 --> 0:10:59.960 This is Bloomberg Business Week with Carol Messer from Bloomberg. Ready, 0:11:00.600 --> 0:11:03.960 all right, let's get to a story that's in Bloomberg 0:11:04.000 --> 0:11:06.960 Business Week. It's about big tech It actually has an 0:11:06.960 --> 0:11:10.280 element to it that pertains to the upcoming new administration 0:11:10.280 --> 0:11:11.960 in the White House. It is about big tech, which 0:11:12.000 --> 0:11:14.680 we know has often been targeted by President Trump. It 0:11:14.720 --> 0:11:17.080 could have a different kind of Washington problem under a 0:11:17.120 --> 0:11:21.120 Biden administration. Let's get to Josha Breusting, technology writer at 0:11:21.160 --> 0:11:24.080 Business Week, on the phone in New York City. Joshua, 0:11:24.160 --> 0:11:26.200 good to have you here with us. Tell us what's 0:11:26.240 --> 0:11:29.400 going on. How we know big tech has certainly been 0:11:29.559 --> 0:11:33.360 on President Trump's radar. How might it be different when 0:11:33.360 --> 0:11:37.120 it comes to Joe Biden. Well, thanks for having me. 0:11:37.520 --> 0:11:40.640 I think that the first thing that will be very 0:11:40.640 --> 0:11:44.040 obvious is that the tone of the conversation around technology 0:11:44.520 --> 0:11:50.920 will change. The President UM has repeatedly harped on this 0:11:51.040 --> 0:11:55.120 alleged problem of anti conservative bias at Twitter and Google 0:11:55.160 --> 0:11:58.160 and Facebook. UM, there's no real evidence for that. I 0:11:58.200 --> 0:12:01.840 do not think it's something that President Biden will focus 0:12:01.880 --> 0:12:06.320 on much UM, but I do think that he will 0:12:06.360 --> 0:12:09.560 be under a fair amount of pressure from the progressive 0:12:09.559 --> 0:12:13.160 wing of the Democratic Party to pursue a pretty aggressive 0:12:13.240 --> 0:12:17.680 agenda that would target big text economic power UM in 0:12:17.720 --> 0:12:22.559 the form of stronger antitrust laws and stronger antitrust enforcement. Right, 0:12:22.559 --> 0:12:24.760 So it's not going to be like a free lunch. 0:12:24.880 --> 0:12:27.559 It's it's different from I'm not gonna say it was 0:12:27.559 --> 0:12:30.400 a free lunch under President Barack Obama. But it's not 0:12:30.440 --> 0:12:34.400 going to be that kind of relationship either, correct. Yeah. 0:12:34.480 --> 0:12:37.959 I think in talking to people, UM in the Democratic Party, 0:12:37.960 --> 0:12:40.320 a lot of them do kind of look back and say, well, 0:12:40.320 --> 0:12:41.959 maybe it was kind of a free lunch during the 0:12:42.000 --> 0:12:44.240 Obama administration, and we want to make sure it's not 0:12:44.320 --> 0:12:48.480 that way this time. Um. Yeah, I think that. You know, 0:12:48.720 --> 0:12:52.920 the Democratic Party is also very skeptical of big tech, 0:12:52.960 --> 0:12:55.520 and I'm very angry with um with the largest companies 0:12:55.559 --> 0:12:59.160 in Silicon Valley as our Republicans. They're just angry for 0:12:59.320 --> 0:13:06.559 different reasons, meaning what specifically, Well, the Republicans have turned 0:13:07.360 --> 0:13:10.200 big tech into a sort of culture war struggle in 0:13:10.200 --> 0:13:14.520 the same way that they have turned the supposed media 0:13:14.520 --> 0:13:19.640 bias into a kind of right versus left UM, right 0:13:19.760 --> 0:13:24.720 versus left argument, And the Democratic Party wants to look 0:13:24.880 --> 0:13:28.800 at you know, they're worried about the economic consolidations by 0:13:28.920 --> 0:13:32.760 large corporations UM, and big tech is sort of the 0:13:32.800 --> 0:13:36.880 prime example for that. You saw even during the Trump administration, 0:13:37.120 --> 0:13:41.800 a pretty thorough anti trust investigation carried out by the 0:13:42.000 --> 0:13:46.120 House Judiciary Subcommittee on Anti Trust, and I think that 0:13:46.120 --> 0:13:49.920 will lay the groundwork for an attempt to pass new 0:13:49.960 --> 0:13:52.760 harsher antitrust laws that will probably be kind of the 0:13:52.800 --> 0:13:55.960 main venue for the conflict. Hey, Joshua just quickly just 0:13:55.960 --> 0:13:58.760 got about forty seconds. He seconds section to thirty. I 0:13:58.760 --> 0:14:02.480 feel like we're gonna be talking a lot about that though. Yeah, 0:14:02.480 --> 0:14:04.880 it'll be interesting. Section two thirty is the law that 0:14:04.960 --> 0:14:10.040 allows UM websites to be protected from lawsuits based on 0:14:10.040 --> 0:14:12.560 what their users published, and this has been a major 0:14:12.600 --> 0:14:15.520 issue for the president. UM Democrats are also skeptical of it, 0:14:15.559 --> 0:14:17.240 but I think it will probably take a back feed 0:14:17.280 --> 0:14:20.000 to some other priorities. They think that antitrust can deal 0:14:20.040 --> 0:14:21.720 with a lot of the same problems in maybe a 0:14:21.760 --> 0:14:24.000 different way. Well, I'm gonna put this story out on Twitter, 0:14:24.200 --> 0:14:27.480 check it out at Bloomberg business Week online in the magazine. 0:14:27.560 --> 0:14:30.880 Joshua Breustin, thank you so much, Technology writer at Bloomberg 0:14:30.880 --> 0:14:33.560 Business Week. Joining us on the phone in New York City. 0:14:33.880 --> 0:14:38.720 This is Bloomberg Business Week with kirol Messer on Bloomberg Radio. 0:14:39.800 --> 0:14:42.280 You're listening to Bloomberg Business Week on this Tuesday, safe 0:14:42.320 --> 0:14:44.720 to say, uh, a little bit of a wait what 0:14:44.920 --> 0:14:48.160 moment yesterday, It's picked up some momentum on this Tuesday. 0:14:48.280 --> 0:14:51.120 It's about the Republican effort to overturn Joe Biden's victory 0:14:51.440 --> 0:14:54.440 in the election. This is among our top stories on 0:14:54.480 --> 0:14:57.800 the Bloomberg and here at Bloomberg Business Week, Bloomberg News 0:14:58.280 --> 0:15:00.760 national political reporter Tyler page Or He joins us on 0:15:00.800 --> 0:15:03.840 the phone from Wilmington, Delaware. Hey, Tyler, is so good 0:15:03.880 --> 0:15:05.360 to have you here. I just kind of want to 0:15:05.360 --> 0:15:08.360 make sense of what's going on. First of all, we 0:15:08.600 --> 0:15:12.320 just heard from the President elect, Joe Biden. You're in Wilmington's. 0:15:12.360 --> 0:15:15.560 He's in Wilmington's and he just made some comments obviously 0:15:15.560 --> 0:15:18.400 about the Supreme Court and the news we got there, 0:15:18.480 --> 0:15:22.000 but sports specifically, he took some questions from reporters about 0:15:22.000 --> 0:15:25.800 the transition, how it's going. Uh, And I'm just curious, 0:15:26.080 --> 0:15:28.440 you know, where are we in this process, because it 0:15:28.480 --> 0:15:32.840 seems like the Republican side continues to sow seeds of 0:15:32.880 --> 0:15:35.520 doubt when it comes to the outcome of the election. 0:15:36.440 --> 0:15:41.080 The election has been called correct, Yeah, that's correct. News 0:15:41.120 --> 0:15:46.160 outlets called UHI Networks presson called the elections for Biden. 0:15:46.600 --> 0:15:50.920 It's pretty clear that one, but Trump has not competed, 0:15:51.000 --> 0:15:56.200 and so the special transition um designated by a federal 0:15:56.200 --> 0:15:59.080 employee at the General Services Administration has not yet begun 0:15:59.160 --> 0:16:02.600 that process. UM. And so today Joe Biden, president elect, 0:16:02.640 --> 0:16:06.360 has received received quite a few questions from reporters about 0:16:06.480 --> 0:16:09.400 his his thoughts about the fact that Trump has not 0:16:09.480 --> 0:16:12.400 conceded and Republicans are backing him up and in this 0:16:12.560 --> 0:16:16.400 fight to try to overturn the results of the election. Well, 0:16:16.600 --> 0:16:20.000 so makes some sense. You know. What's the significance, tyler 0:16:20.720 --> 0:16:24.520 of Senate Majority Leader Mitch McConnell, who had been pretty quiet, 0:16:24.560 --> 0:16:26.800 it feels like after the election outcome when he said 0:16:26.840 --> 0:16:29.400 on the Senate floor yesterday that the president is quote 0:16:29.440 --> 0:16:32.920 a hundred percent within his rights to challenge the election results. 0:16:33.320 --> 0:16:35.680 I mean, he is to be fair right in terms 0:16:35.680 --> 0:16:38.520 of the law. Um. But what does it mean for 0:16:38.800 --> 0:16:42.360 Mitch McConnell to come out and say something, Yeah, I 0:16:42.360 --> 0:16:45.280 mean it gives Trump cover from the Republican Party to 0:16:45.320 --> 0:16:48.600 continue with for these legal fights. Um. And it shows 0:16:48.640 --> 0:16:51.800 that the Republican Party is fully behind Trump despite him 0:16:51.840 --> 0:16:55.920 losing um both electoral college and the popular vote, and 0:16:56.040 --> 0:16:58.880 it delays the process for an official transition to begin. 0:16:58.960 --> 0:17:01.560 Joe Biden does not have access to government funding to 0:17:01.600 --> 0:17:05.119 pursue the transition. He doesn't have access um to the 0:17:05.119 --> 0:17:08.760 State Department for secure phone lines with foreign leaders. He's 0:17:08.760 --> 0:17:11.880 already begun those calls, but there was a lot of 0:17:12.480 --> 0:17:15.000 formal kind of lines of communication that are opened up 0:17:15.000 --> 0:17:18.800 once the transition begin and without that designation, UM, Joe 0:17:18.800 --> 0:17:21.320 Godden is is kind of out there on his own today. 0:17:21.359 --> 0:17:25.000 He was pretty actually then about the conflict in the controversy. 0:17:25.080 --> 0:17:28.119 He said, look, we're moving forward. We're focused on on 0:17:28.119 --> 0:17:32.080 on building our transition. That's like we want we want 0:17:32.119 --> 0:17:34.520 this official process to begin. But it's not Hams treating 0:17:34.600 --> 0:17:37.080 us um that that it has not right. He didn't 0:17:37.080 --> 0:17:40.040 say that a lack of funds, for instance, we're preventing 0:17:40.080 --> 0:17:43.000 them from moving forward. And he also talked about expectations 0:17:43.000 --> 0:17:46.640 of having some cabinet members. You know, maybe I think 0:17:46.720 --> 0:17:49.520 putting out some names come November correct this month, and 0:17:49.560 --> 0:17:51.439 also didn't seem to be too We would hope to 0:17:51.440 --> 0:17:54.600 have go ahead um. He said he would hope to 0:17:54.600 --> 0:17:57.680 have some around Thanksgiving. Our reporting shows that it's probably 0:17:57.720 --> 0:18:00.800 gonna be mostly after Thanksgiving that we start to get them. 0:18:01.200 --> 0:18:02.840 But I think we'll get some of the your White 0:18:02.840 --> 0:18:08.040 House staff, uh shortly. So what are your expectations? What 0:18:08.040 --> 0:18:10.680 are you hearing from your sources about kind of what 0:18:10.760 --> 0:18:13.360 this all means where we go? What's what's is there 0:18:13.359 --> 0:18:15.000 a date we're all just gonna say, is that when 0:18:15.040 --> 0:18:20.120 the states officially call the elections that this is done? Yeah, 0:18:20.119 --> 0:18:22.480 I mean not that the timing is is really what 0:18:22.600 --> 0:18:27.400 the um is what we're waiting to to see. Uh. 0:18:27.640 --> 0:18:29.880 Joe Biden did not give any hint of of when 0:18:29.880 --> 0:18:32.040 he thinks that will be that will be called. His 0:18:32.520 --> 0:18:34.960 transition team how to call last night with reporters, and 0:18:35.000 --> 0:18:37.640 they said that they might pursue legal action to excercisee 0:18:37.640 --> 0:18:40.120 this process. Today Joe Biden kind of through cold water 0:18:40.200 --> 0:18:41.800 on that. And so that's that he did not seem 0:18:41.840 --> 0:18:46.040 that was necessary. UM. And so it's really, uh, depends 0:18:46.080 --> 0:18:49.040 on kind of what if Trump conceives how these legal 0:18:49.080 --> 0:18:52.560 fights that he's you know, filing lawsuits around the country, 0:18:52.640 --> 0:18:55.040 how they go. Most of them have been thrown out 0:18:55.080 --> 0:18:59.600 and disregarded. UM, but there are recount processes. UM. Likely 0:18:59.680 --> 0:19:02.800 and Orgia and in Wisconsin. So these are process you've 0:19:02.800 --> 0:19:07.000 got that have to kind of go through um to 0:19:07.080 --> 0:19:09.800 the end and then maybe we get that decision, or 0:19:09.840 --> 0:19:13.040 it's or it's until the Electoral College votes, which which 0:19:13.040 --> 0:19:15.080 doesn't come to him next month. So there's a lot 0:19:15.080 --> 0:19:17.520 of points in this process where it could come to 0:19:17.560 --> 0:19:20.159 an end. But Trump and the Republicans could drag this 0:19:20.200 --> 0:19:21.920 on for quite some time. To be fair, and again, 0:19:21.960 --> 0:19:23.679 I'm kind of, you know, asking you to go back 0:19:23.720 --> 0:19:26.119 to your sources. I mean, if it was the shoe 0:19:26.160 --> 0:19:28.240 on the other foot and it was this closer race, 0:19:28.440 --> 0:19:32.840 could we have anticipated that a Democratic you know, the 0:19:32.960 --> 0:19:36.439 party would be doing exactly the same because it was closer. 0:19:36.440 --> 0:19:39.680 It really wasn't that close? Yeah, I mean it was 0:19:39.880 --> 0:19:43.240 it was closerro sixteen when Hillary Clinton lost to Donald Trump, 0:19:43.280 --> 0:19:45.359 and though she did not conceive the night of, she 0:19:45.440 --> 0:19:47.920 came back the next morning and conceded. Um. I think 0:19:47.960 --> 0:19:50.639 the difference here is Trump has been I'm very clear 0:19:50.720 --> 0:19:53.320 that he was going to cast doubt on the results 0:19:53.320 --> 0:19:55.199 of the election and if it did not go his 0:19:55.200 --> 0:19:57.280 way for a month. This is an argument in a fight. 0:19:57.359 --> 0:20:00.280 He's been telegraphing um and and Joe Bid it has 0:20:00.320 --> 0:20:02.920 not been doing the same and so um, I think 0:20:03.080 --> 0:20:06.880 it's most uh and even some you know, Republicans have 0:20:06.880 --> 0:20:11.840 have moved on Romney, Lisa Marokowski, Susan Collins, Bensass senators 0:20:12.000 --> 0:20:15.240 from across the country have recognized Joe Biden's victory. Former 0:20:15.240 --> 0:20:18.399 President George W. Bush, a Republican, has has also called 0:20:18.400 --> 0:20:22.200 in congratulated Biden. UM and a number of former Republican 0:20:22.200 --> 0:20:25.760 members of Congress have spoken out UM against Trump and 0:20:25.800 --> 0:20:28.160 the Republican's actions and said, you know, the party needs 0:20:28.200 --> 0:20:30.880 to acknowledge the results of the election. So I don't 0:20:30.880 --> 0:20:33.320 think that we could expect that Biden or a Democrat 0:20:33.359 --> 0:20:35.960 would have taken the same tax, just given the rhetoric 0:20:36.080 --> 0:20:38.760 that both parties had kind of been telegraphing for the 0:20:38.760 --> 0:20:41.119 months leading up to this election. What's next on the 0:20:41.160 --> 0:20:46.840 President elect Biden's calendar, So he has a lot of meetings. 0:20:46.840 --> 0:20:49.119 They have not really given a full public schedule, but 0:20:49.160 --> 0:20:52.600 we expect um that he continues to meet with his 0:20:52.640 --> 0:20:55.720 transition team as they build out the government. UM and 0:20:55.720 --> 0:20:59.159