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Speaker 1: Why from our nation's how do we reopen this economy?

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Speaker 1: The latest on how this pandemic is impacting farmers. What

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Speaker 1: does this do for the United States relationship with China?

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Speaker 1: Bloomberg Sound On, the Insiders, the influencers, the insidts. We're

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Speaker 1: responding to this crisis and manufacturers are stepping up like

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Speaker 1: never before. We're looking at seventy kennidates for different vaccines.

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Speaker 1: How do we make sure a pandemic of this scale

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Speaker 1: never happens again? This is Bloomberg Sound On with Kevin

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Speaker 1: Surrelate on Bloomberg and one oh five point seven f

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Speaker 1: m h D two. The White House releasing a new

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Speaker 1: letter just moments ago about the treatment that President Trump

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Speaker 1: is receiving for COVID nineteen, plus what does this mean

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Speaker 1: for a country now that the President and the first

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Speaker 1: Lady have COVID nineteen. We have every angle covered, the policy,

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Speaker 1: the political implications, and on the Supreme Court, plus the

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Speaker 1: practical Where do we go from here in the next

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Speaker 1: twelve hours in America? So we have a lot to

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Speaker 1: get through as we are on standby for the first

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Speaker 1: comments from Democratic presidential nominee Joe Biden as well. I

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Speaker 1: will take you to Graham Rapids, Michigan, once the Vice

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Speaker 1: President has begun speaking, and and I will bring you

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Speaker 1: those remarks. You were listening to Democratic presidential nominee Joe

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Speaker 1: Biden delivering remarks in Grand Rapids, Michigan, the first time

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Speaker 1: he has spoken since the news broke early in the

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Speaker 1: early hours of this morning that President Trump has in

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Speaker 1: fact uh been diagnosed with COVID nineteen, as has First

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Speaker 1: Lady Milania Trump. Just within the last half hour, we

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Speaker 1: have received a letter made public from the White House

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Speaker 1: physician who has said that the President is receiving treatment

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Speaker 1: for the COVID nineteen. I'm gonna read for him this

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Speaker 1: one page letter released by the physician to the President,

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Speaker 1: Sean P. Connelly quote uh. Following the confirmation of the

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Speaker 1: President's diagnosis, as a precautionary measure, he received a antibodies

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Speaker 1: I'm paraphrasing antibody cocktail. He then completed the infusion without incident.

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Speaker 1: In addition to the antibodies, the President has been taking zinc,

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Speaker 1: vitamin D, as well as melotonin and a daily aspirant.

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Speaker 1: As of this afternoon, the President remains fatigued but in

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Speaker 1: good spirits. He's being evaluated by a team of experts,

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Speaker 1: and together we'll be making recommendations to the President and

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Speaker 1: First Lady in regards to next best steps. End quote.

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Speaker 1: I'm Kevin CURRELLI, Chief Washington correspondent for Bloomberg Television and

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Speaker 1: for Bloomberg Radio. Democratic presidential nominee Joe Biden saying that

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Speaker 1: noting the importance of wearing a mask, he said, quote,

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Speaker 1: not about being a tough guy. Do it for the

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Speaker 1: people you love. I want to welcome now to the

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Speaker 1: program the chairman of the Democratic Now National Committee, Tom Perez,

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Speaker 1: Mr Chairman, thank you for joining us. What did we

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Speaker 1: hear from Joe Biden just moments ago in terms of

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Speaker 1: how he will navigate through the next twenty four hours

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Speaker 1: of in America, Well, for Joe Biden, the next twenty

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Speaker 1: four hours will be exactly as he has acted throughout

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Speaker 1: his campaign since we've been in the middle of this

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Speaker 1: COVID nineteen crisis, listening to the scientists, wearing a mask,

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Speaker 1: getting tested, regularly, practicing the behavior that has been recommended

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Speaker 1: by our scientists, making sure that he's engaged in social distancing.

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Speaker 1: And as you said, Kevin, and as a vice president

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Speaker 1: just said, wearing a mask is so critically important. Uh.

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Speaker 1: You know, my parents taught me loved thy neighbor. The

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Speaker 1: best thing you can do to live out that basic

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Speaker 1: tenant right now is to wear a mask. So Joe

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Speaker 1: Biden has been practicing the appropriate protocols for some time,

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Speaker 1: and he has been leading by example, and that's exactly

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Speaker 1: what we will continue to do. I do want to

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Speaker 1: note that Joe Biden made his remarks in Grand Rapids, Michigan,

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Speaker 1: while wearing a mask, speaking behind a podium and in

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Speaker 1: front of an American flag. Tom Perez is joining us

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Speaker 1: and justested to go through what has gone on just

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Speaker 1: this hour. Just this hour, we get this letter from

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Speaker 1: the President's physician, made public that he is receiving treatment,

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Speaker 1: that he is taking a very he has been ejected

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Speaker 1: with various antibodies as well as taking various vitamins. Moments later,

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Speaker 1: we hear from Senate Majority Leader Mitch McConnell, who was

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Speaker 1: speaking in his state of Kentucky, and in these public remarks,

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Speaker 1: the Senate Majority Leader says um that quote, we're closer

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Speaker 1: to getting an outcome regarding fiscal stimulus, and if we

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Speaker 1: get an outcome, I can't imagine more won't be in

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Speaker 1: it for the hospitals. So Senate Majority Leader Mitch McConnell,

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Speaker 1: echoing what we heard from this morning on the fiscal

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Speaker 1: stimulus front from Senate Majority from how Speaker Nancy Pelosi

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Speaker 1: that there seems to be new pressure on the fiscal

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Speaker 1: stimulus front after a disappointing jobs report from this morning,

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Speaker 1: and then shortly after Leader McConnell spoke, we heard from

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Speaker 1: Joe Biden, Chairman Perez just you know, and I say

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Speaker 1: this respectfully, just the dizzying day coming out of politics

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Speaker 1: for the country. UH. And of course, your counterpart at

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Speaker 1: the Republican National Committee, Ronald Romney McDaniel, announcing that she

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Speaker 1: has tested positive for COVID ninety put it in perspective

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Speaker 1: for us, sir. Well. First of all, I'd like to

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Speaker 1: make sure that everybody knows that my thoughts and prayers

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Speaker 1: are with UH. Chairwoman McDaniel. You know we've spoken in

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Speaker 1: the past, and UH, I know her children. I'm sure

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Speaker 1: I'm worried about her. I'm worried about her, and we

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Speaker 1: pray for her, just as we pray for the President,

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Speaker 1: the first Lady, and every single person who has been

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Speaker 1: affected by COVID nineteen. UM, we will not turn around

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Speaker 1: our country until we get a handle on this pandemic.

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Speaker 1: We can't fix the economy, Kevin, until we get a

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Speaker 1: handle on this pandemic. The ranks of the long term

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Speaker 1: unemployed skyrocketed this last month. Sometimes the unemployment rate goes

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Speaker 1: down for good reason, that's because more people got work.

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Speaker 1: And sometimes the unemployment rate goes down for bad reasons

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Speaker 1: because more people left the workforce. The main reason the

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Speaker 1: unemployment rate went down last month is because so many

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Speaker 1: people left the workforce. They gave up, Kevin, they gave up.

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Speaker 1: And that's why Speaker Pelosi for months has been calling

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Speaker 1: for stimulus. That's as you know, the Democrats passed the

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Speaker 1: stimulus bill something like four months ago, and I'm hardened

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Speaker 1: to hear that Republicans are finally coming to the table.

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Speaker 1: I hope we can get a stimulus bill right now

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Speaker 1: because the p p P program ended. Look at this

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Speaker 1: a few months ago, we had over four million jobs

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Speaker 1: gained in one month. Last month, again, it was something

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Speaker 1: like six and sixties thousands. We're barely halfway in terms

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Speaker 1: of the number of jobs. We lost two twenty two

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Speaker 1: million jobs, and we barely crossed the halfway point in

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Speaker 1: terms of jobs gained, it would take seventeen months at

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Speaker 1: this pace to get where we were back in February

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Speaker 1: or so of this year. And so we've got to

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Speaker 1: get to we've got to close that deal. I know

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Speaker 1: Speaker Pelosi again has been working tirelessly, and I hope

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Speaker 1: Republicans will indeed come to the table that will help people,

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Speaker 1: That will help people immensely. Um. But we really have

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Speaker 1: to make sure we get a better handle on the pandemic.

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Speaker 1: And you know the plan that the Vice President has

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Speaker 1: put out to do that. In end the listeners, Now, um,

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Speaker 1: this is dizzy um. And and this is the whip

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Speaker 1: sawn that people have been experiencing. So many people wake

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Speaker 1: up in the morning without a loved one, So many

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Speaker 1: people wake up in the morning with their kindergarteners trying

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Speaker 1: to learn how to read on zoom. That's really hard

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Speaker 1: to do. Um. And we've got to we we have

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Speaker 1: to address the pandemic once and for all, and every

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Speaker 1: leader must follow the protocol Sheriviansan presses with us. He's

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Speaker 1: the chairman of the Democratic National Committee, where he was

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Speaker 1: mentioning the unemployment report for the month of September with

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Speaker 1: only six d and sixty one thousand jobs added back

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Speaker 1: to the labor market in September, missing most forecasts, and

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Speaker 1: he alluded to it. The participation rate also dropped to

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Speaker 1: sixty one four percent, which was below all estimates. We

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Speaker 1: should note that the unemployment rate fell to seven uh.

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Speaker 1: The unemployment rate fell to seven point nine per cent.

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Speaker 1: And just as a quick aside, how the markets fared today?

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Speaker 1: US stocks slumped and volatile trading as investors weighed the

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Speaker 1: implications of President Donald Trump's positive tests for the coronavirus

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Speaker 1: along with renewed efforts to forge agreement on the fiscal

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Speaker 1: UH stimulus. I gotta ask you just one final question.

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Speaker 1: Thank you for being so generous, Mr Chairman, with your time.

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Speaker 1: The protocol for the vice presidential debate we're hearing from

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Speaker 1: the Commission the vice presidential debate scheduled for next week

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Speaker 1: in Salt Lake City, that it is still on. But

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Speaker 1: the protocol does this do anything about safety for staffers

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Speaker 1: for Washington d C on Capitol Hill, for Washington members

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Speaker 1: UH of the campaign? I mean, does this change anything?

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Speaker 1: Can you give us anything? Have you been in meetings

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Speaker 1: about this? What do we know in terms of how

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Speaker 1: today is going to impact the nation's capital and the

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Speaker 1: ecosystem around it. I hope that people, if they didn't

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Speaker 1: already understand the seriousness of this, will indeed understand the

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Speaker 1: serious seriousness of this now. And the Vice President will

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Speaker 1: follow whatever the directives are of the Debate Commission. He

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Speaker 1: will continue to ensure that he is practicing social distancing.

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Speaker 1: He's continuing to get tested with high quality tests. He

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Speaker 1: will he continues to travel with a minimal staff so

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Speaker 1: that we are again observing the relevant protocols moving forward.

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Speaker 1: And uh, he will continue to set an example for

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Speaker 1: the nation. Masks save lives. Masks are not a political statement, Kevin.

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Speaker 1: They are a public health imperative, and that is the

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Speaker 1: most important thing anyone who's listening today, um, And this

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Speaker 1: is not a right versus left issue. This is simply

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Speaker 1: a public health issue of mask keep it on. Um. Uh.

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Speaker 1: You know, love thy neighbor by putting a mask on.

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Speaker 1: That's what we have to do here. I will continue

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Speaker 1: to pray for the President and the First Lady and

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Speaker 1: and um everyone who's um been affected by this. But

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Speaker 1: prayers are not enough. Actions are what we need. And

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Speaker 1: the most important tangible action that everyone listening to this

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Speaker 1: can take is to wear a mask, practice social distancing,

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Speaker 1: and act responsibly. Chairman Tom Perez of the Democratic National Committee,

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Speaker 1: thank you, sir for joining us off the top of

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Speaker 1: the show, and again if just to reset, just so

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Speaker 1: much to get through. We just heard from the first

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Speaker 1: remarks of Democratic presidential nominee Joe Biden, who was speaking

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Speaker 1: in Grand Rapids, Michigan. He urged urged all Americans to

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Speaker 1: continue to follow CDC guidelines relating to social distancing as

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Speaker 1: well as wearing a mask. He delivered his remarks while

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Speaker 1: wearing a mask. Just moments prior to that, just earlier

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Speaker 1: this hour, the president's physician releasing a memo that says

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Speaker 1: that the president is quote fatigued, but in good spirits.

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Speaker 1: He is being evaluated by a team of experts. This

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Speaker 1: according to his doctor after getting that diagnosis of COVID nineteen.

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Speaker 1: Uh and the first Lady Melania Trump has also been

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Speaker 1: been diagnosed with COVID nineteen. It is raised significant questions

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Speaker 1: about what happens to all of the various different policy

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Speaker 1: developments of fiscal stimulus of the Supreme Court of the election.

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Speaker 1: And that's why I want to welcome to the program

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Speaker 1: to help navigate through not just the policy and political implications,

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Speaker 1: but the next forty eight hours. In America, John Fourtier

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Speaker 1: is with us. He is the executive director of the

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Speaker 1: Continuity of Government Commission at the Bipartisan Policy Center. John,

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Speaker 1: So many questions give us some clarity. Well, there are

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Speaker 1: several questions. Some relate to the president as president and

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Speaker 1: if for some reason the illness were to proceed so

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Speaker 1: far that the president felt that he needed to turn

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Speaker 1: power over to the vice president. That's something we actually

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Speaker 1: have some clarity in the in the Constitution. There's a

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Speaker 1: way to do that with the amendment and for the

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Speaker 1: president to return to the office when he's recovered. I

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Speaker 1: think the more difficult questions come in in the issue

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Speaker 1: of the election. Uh, he or Joe Biden as a

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Speaker 1: presidential candidate, what if he would have would have to

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Speaker 1: remove himself from the ticket. We are at a very

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Speaker 1: late date. We've had ballots printed, We've had ballots sent

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Speaker 1: out to people, and some have been even voted with

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Speaker 1: the names of Trump Pence on on those tickets. Uh.

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Speaker 1: And it's a very difficult thing to be here out

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Speaker 1: how you would have a replacement at this time. I

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Speaker 1: And then the question is, well, people don't see that

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Speaker 1: Republican ticket. And interestingly enough, our presidential elections are really

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Speaker 1: actually people the elections that elect these presidential electors. And

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Speaker 1: let me jump in here. I don't want to get

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Speaker 1: if I could for a second, because there is precedent

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Speaker 1: of when this has been done. Yes, I mean we've

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Speaker 1: was incapacitated for this last year, and it happened really

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Speaker 1: did not really equish power. We enacted the twenty fifth

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Speaker 1: season nineteen sixties seven, and since then we have more

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Speaker 1: guidance in a more clear way to transfer power. We've

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Speaker 1: done it three times. It's been for elective surgeries, once

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Speaker 1: for Reagan to George H. W. Bush and from George W.

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Speaker 1: Bush to Dick Cheney. Uh. The president went in for

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Speaker 1: a for a minor procedure, UM signed the power over

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Speaker 1: and then returned to power afterwards. So there is there

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Speaker 1: is some clarity if that were to happen and the

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Speaker 1: president himself chose to to reallyinquished power and then could

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Speaker 1: could retrieve it again once recovered. And can you John

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Speaker 1: just walk us through how that process works. Yeah, this

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Speaker 1: um sign power over to the vice president, he simply

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Speaker 1: the president then says he's recovered, the vice president acts

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Speaker 1: as president. So we have a simple case of of

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Speaker 1: period of time. More complicated if for some reason, the

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Speaker 1: president we're not able to make that declaration himself. There

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Speaker 1: are some ways, harder ways in the twenty five Amendment

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Speaker 1: to remove the president temporarily. And there's even a provision

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Speaker 1: for a president who thinks he's well and all the

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Speaker 1: other actors think he is not well. And that's the

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Speaker 1: most difficult to hurdle. One we don't expect that we've

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Speaker 1: gotten to and we we have never used in our

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Speaker 1: in our history. John Forder, I really appreciate your time.

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Speaker 1: Just fascinating, fascinating UH specific information that is on everyone's mind.

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Speaker 1: He course is the executive director of the Continuity of

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Speaker 1: Government Commissioned UH at the Bipartisan Policy Center and the

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Speaker 1: author of a numerous books, including Absentee and Early Voting Trends,

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Speaker 1: Promises and Perils. Adjustery set here. I'm Kevin Cerilli. I'm

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Speaker 1: the chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

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Speaker 1: Just within the last half hour, President Donald Trump is

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Speaker 1: in quote good spirits and quote after his COVID nineteen

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Speaker 1: diagnosis on Friday and has been treated with a regenera

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Speaker 1: on pharmaceuticals antibody cocktail quote antibody cocktail end quote, the

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Speaker 1: White House physician said just within this hour quote following

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Speaker 1: the PCR confirmation of the President's diagnosis as a precautionary measure,

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Speaker 1: he received a single eight graham dose of Regenerations Polly

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Speaker 1: clonal antibody cocktail, the physician Sean Connolly said in a

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Speaker 1: statement released by the White House Press Secretary Kayley Mcinateni. Quote.

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Speaker 1: In addition to the polyclonal antibodies, the President has been

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Speaker 1: taking zinc, vitamin ded fami tidine, melatonin, and a daily

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Speaker 1: aspirant end quote. This comes as it has been a

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Speaker 1: dizzying day for Wall Street to try to make through

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Speaker 1: and sort through not just the developments of the Commander

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Speaker 1: in chief and the first family's health, but also to

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Speaker 1: sort through what it means for fiscal stimulus relief. Joining

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Speaker 1: us as Bloomberg Markets Live reporter cretty pretty what went

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Speaker 1: on in the markets today? How did they process the

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Speaker 1: president's health and how did they process the job's report

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Speaker 1: and developments on fiscal stimulus. Well, Kevin, we had just

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Speaker 1: a flood of negative news, obviously, starting off with that

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Speaker 1: COVID nine team diagnosis for the president. So of course

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Speaker 1: you saw markets just really tank it out about one

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Speaker 1: am New York time. Uh, the European Asian markets as well,

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Speaker 1: really taking quite a bit of a hit. And then

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Speaker 1: when you did come around eight thirty and get that

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Speaker 1: job's report, it was a week number, especially after we

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Speaker 1: got a fairly strong a DP report on Wednesday, followed

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Speaker 1: by him a slight improvement in initial job was claimed yesterday.

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Speaker 1: So we're kind of hoping for a better picture. But

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Speaker 1: really those numbers coming in way weaker than UH market

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Speaker 1: participants were forecasting. Um that thinks that it was still

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Speaker 1: early in the day, you didn't actually see the market

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Speaker 1: fall any further, still kind of reeling from that President

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Speaker 1: Trump diagnosis. You also want to keep in mind those

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Speaker 1: that as we progressed through the day, the conversation really

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Speaker 1: shifted towards those fiscal stimulus movements. Any conversation, any comments

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Speaker 1: from UH Nancy Pelosi, from Mitch McConnell, muchen, and then

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Speaker 1: of course our very own John Farrow, his interview with

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Speaker 1: Larry Cudlow certainly moved the market. You saw a major

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Speaker 1: So really a flood of information here, all weighing on

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Speaker 1: the market today, and yet just within the last half

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Speaker 1: hour setate majority leader Mitch McConnell speaking at a press

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Speaker 1: conference in Kentucky, seemingly saying that he spoke in an

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Speaker 1: optimistic tone as it relates to to where the fiscal

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Speaker 1: stimulus talks are. In addition to that, speaker Nancy Pelosi,

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Speaker 1: could be an inflection point to have the markets sorted

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Speaker 1: through whether or not they feel that this is going

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Speaker 1: to be a positive inflection point for fiscal stimulus. Critic

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Speaker 1: up to Bloomberg Markets Live recorder. Well, of course, Nancy

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Speaker 1: Pelosie did make that comment earlier, saying that really from

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Speaker 1: the Trump's diagnosed with comed Night team somehow accelerated the picture.

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Speaker 1: From a market point of view, though, I think we

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Speaker 1: need to see just a little bit more progress. I

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Speaker 1: believe the comments here where that airline aid was was

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Speaker 1: looking good, so you really saw the airline rally on

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Speaker 1: that um. But on the other hands of State eight

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Speaker 1: was still an issue. So the big question is how

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Speaker 1: much more complemised is there. You know, we're gonna see

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Speaker 1: all these headlines on an optimistic tim but I think

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Speaker 1: market purticipants are really looking for some tangible action there

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Speaker 1: and we haven't really received that while Trump I'm reading

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Speaker 1: from the Bloomberg terminal for today's markets rape. While Trump

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Speaker 1: was said to be experiencing only mild symptoms, the president's

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Speaker 1: diagnosis adds to gloomy developments around the virus as big

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Speaker 1: cities once again turn into hot spots. New York reported

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Speaker 1: the most new cases since May, while London is said

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Speaker 1: to be at a quote tipping point end quote with

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Speaker 1: infections continuing to rise. Thousands of job cuts this week

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Speaker 1: showed how firms are still wrestling with readjustments needed to

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Speaker 1: survive Cretty. What did we learn from the unemployment report

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Speaker 1: that came out? Unemployment now at seven point nine percent,

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Speaker 1: It missed the mark in terms of the job creation

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Speaker 1: for the uh for from the forecast, what have we

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Speaker 1: learned about job losses that have become permanent? Well, of course,

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Speaker 1: a lot of this is simply coming from the airlines itself, um,

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Speaker 1: and that's really why it's airline released Bill self ward,

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Speaker 1: You've already seen a few thousand lasts already taken place,

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Speaker 1: I believe, just between American Airlines and United it's got

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Speaker 1: thirty two thousand job losses on the line. So you've

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Speaker 1: really see Nancy Pelosi and Steven Revenution kind of fleeding

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Speaker 1: with that travel sector to really hold off on doing

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Speaker 1: that before they can get that federal aid that Federals

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Speaker 1: supports to keep people on the payroll. Now, a big

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Speaker 1: point part of the payroll report that we saw today

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Speaker 1: show that the biggest drop in in the payroll kind

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Speaker 1: of change was coming from a lack of hiring on

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Speaker 1: the government front. Now, that makes a lot of sense

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Speaker 1: how we talked about budget talks. But on the private side,

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Speaker 1: on the private payroll side, you're still seeing a steady rise.

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Speaker 1: So really the question once again comes down to how

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Speaker 1: much can the government really support the underlying economy. I

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Speaker 1: was really struck by the pleading. That's such a great

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Speaker 1: way to describe it, the pleading coming from Washington for

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Speaker 1: those airline industries not to have layoffs and on at

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Speaker 1: the complete opposite. I mean, they ran out of aid

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Speaker 1: Wednesday at midnight, and the c suite sitting there and saying, well,

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Speaker 1: what's it? Can so long? I mean, just that tension

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Speaker 1: just in the in the ninety seconds we have left

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Speaker 1: just described that tension between the private sector and government,

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Speaker 1: and and it coming down to the wire and people

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Speaker 1: having to make a decision. Well, yeah, I mean I

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Speaker 1: think you really phrased it perfectly. Just the fact that

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Speaker 1: they're asking CEO the holes off any longer. And remember,

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Speaker 1: this isn't a sector that's doing this willingly. They are

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Speaker 1: holding off as much as possible as cash burn that

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Speaker 1: you're seeing some of these airlines is in the millions

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Speaker 1: per day, um, and that isn't really changing anytime soon. Um.

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Speaker 1: So really, both sides, airline CEOs and Nancy Pelosi and

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Speaker 1: and see other folks involved in the top really really

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Speaker 1: um just trying to put in every best effort that

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Speaker 1: they can. What's bad is that you may still see

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Speaker 1: thousands of layoffs anyway. And in a week where we

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Speaker 1: also learned twenty eight laid off at Disney. Critic up

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Speaker 1: to Bloomberg Markets Live Reporter, thank you so much for

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Speaker 1: breaking down all of all of what Hal Wall Street

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Speaker 1: reactsed today to to what it on in the news.

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Speaker 1: Coming up, we have much more on the policy implications

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Speaker 1: and the political implications of the Big Driving Force story.

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Speaker 1: President Donald Trump isn't quote good spirits end quote. After

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Speaker 1: his COVID nineteen diagnosis on Friday, he has been treated

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Speaker 1: with a Regenera on Pharmaceuticals inc. Quote antibody cocktail end quote.

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Speaker 1: The White House physician said this hour, my name is

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Speaker 1: Kevin CURRELLI I am the chief Washington correspondent for Bloomberg

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Speaker 1: Television and from Bloomberg Radio. More. Next, this is Bloomberg

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Speaker 1: broadcasting to the nation's capital. This is w d C

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Speaker 1: h F M Booie Baltimore, Washington, w j C F

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Speaker 1: M HD to Cadensville. Bloomberg. Why from our nations? How

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Speaker 1: do we reopen this economy? The latest on how this

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Speaker 1: pandemic is impacting farmers? What does this do for the

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Speaker 1: United States relationship with China? Bloomberg Sound on, the insiders,

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Speaker 1: the influencers, the insides. We're responding to this crisis and

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Speaker 1: manufacturers are stepping up like never before. We're looking at

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Speaker 1: seventy Kennedys for different vaccines. How do we make sure

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Speaker 1: a pandemic of this scale never happens again? This is

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Speaker 1: Bloomberg Sound On with Kevin Surrel on Bloomberg and one

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Speaker 1: oh H D two as it in. Physician releasing a

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Speaker 1: letter in the last hour saying that the President remains

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Speaker 1: in quote good spirits after his COVID nineteen diagnosis, and

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Speaker 1: that he is being treated with a regenera On pharmaceuticals

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Speaker 1: antibody cocktail. What does it mean for policy and fiscal

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Speaker 1: stimulus on a day in which the unemployment rate is

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Speaker 1: now at seven point nine percent, missing job creation forecast

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Speaker 1: from economists? Plus what does it mean for the Supreme

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Speaker 1: Court pick this? As the confirmation process moves along ahead,

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Speaker 1: we have an all star team standing by through about

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Speaker 1: the hour to navigate through the policy and the politics

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Speaker 1: and political implications on the campaign tonight. We have every

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Speaker 1: angle covered. Let's begin with the latest developments within the

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Speaker 1: last sixty minutes. President Donald Trump is in quote good

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Speaker 1: spirits after his COVID nineteen diagnosis on Friday. He has

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Speaker 1: been treated with a regenera On Pharmaceuticals INC antibody cocktail.

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Speaker 1: This is according to a one page memo that was

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Speaker 1: sent out from the White House physician Sean Connolly. Via

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Speaker 1: statement from White House Press Secretary Kaylee mcinaney reading from

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Speaker 1: this memo quote, following PCR confirmation of the President's diagnosis,

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Speaker 1: as a precautionary measure, he received a single eight graham

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Speaker 1: dose of Regeneron's polyclonal antibody cocktail. In addition to the

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Speaker 1: polyclonal antibodies, the President has been taking zinc, vitamin D,

432
00:26:55,840 --> 00:27:00,480
Speaker 1: faminy dine, melatonin, and a daily asp and they go

433
00:27:00,520 --> 00:27:03,840
Speaker 1: on to write that he remains fatigued but in good spirits,

434
00:27:04,240 --> 00:27:07,160
Speaker 1: and First Lady Milania Trump, who was also infected, remains

435
00:27:07,280 --> 00:27:11,760
Speaker 1: well with only a mile cough and a headache. Re

436
00:27:11,880 --> 00:27:14,440
Speaker 1: genera On share spiked in late trading, rising two point

437
00:27:14,480 --> 00:27:19,320
Speaker 1: seven percent after the market closed in New York. Shortly

438
00:27:19,400 --> 00:27:23,480
Speaker 1: after that memo was released, we also then heard from

439
00:27:23,520 --> 00:27:29,600
Speaker 1: Democratic presidential nominee Joe Biden, Joe Biden speaking in Grand Rapids, Michigan,

440
00:27:29,960 --> 00:27:34,760
Speaker 1: wearing a mask, urging Americans to do the same, and

441
00:27:34,840 --> 00:27:40,040
Speaker 1: also wishing the first family well as they battle COVID nineteen.

442
00:27:40,600 --> 00:27:42,679
Speaker 1: Joining us now to walk us through all of this

443
00:27:42,840 --> 00:27:45,359
Speaker 1: for the next half hour, I'm thrilled to say is

444
00:27:45,440 --> 00:27:47,920
Speaker 1: Rick Davis. He is a partner at stone Court Capital,

445
00:27:48,119 --> 00:27:50,879
Speaker 1: the former campaign manager for John McCain's two thousand and

446
00:27:50,880 --> 00:27:54,880
Speaker 1: eight presidential campaign, and a Bloomberg contributor, as well as

447
00:27:54,880 --> 00:27:57,800
Speaker 1: my colleague Josh Green, who was a Bloomberg Business Week

448
00:27:58,040 --> 00:28:04,920
Speaker 1: political reporter. In terms of today as it relates for

449
00:28:05,000 --> 00:28:09,280
Speaker 1: a day in American history. I'm not sure many of

450
00:28:09,359 --> 00:28:13,040
Speaker 1: us knew. Many of us know rather the impact that

451
00:28:13,080 --> 00:28:17,439
Speaker 1: this has on the short term because Washington, at a

452
00:28:17,520 --> 00:28:21,600
Speaker 1: staff level and at a principal level is still adjusting

453
00:28:21,720 --> 00:28:25,399
Speaker 1: to the new norm. Rick, Yeah, I mean, this is

454
00:28:25,520 --> 00:28:28,800
Speaker 1: an October surprise that nobody saw coming. I guess it

455
00:28:28,840 --> 00:28:31,720
Speaker 1: would have been predictable in the sense that there's always

456
00:28:31,720 --> 00:28:34,360
Speaker 1: a risk, especially if you're out campaigning in big groups

457
00:28:34,400 --> 00:28:38,760
Speaker 1: like President Trump has been doing and maskless and most

458
00:28:38,760 --> 00:28:41,680
Speaker 1: of that time, uh that that he runs a risk

459
00:28:41,720 --> 00:28:45,040
Speaker 1: of catching coronavirus. But I don't think anybody would have

460
00:28:45,600 --> 00:28:49,520
Speaker 1: imagined this. Governors. Sure, you know they've they've come down

461
00:28:49,520 --> 00:28:53,880
Speaker 1: with it, other presidents in in other countries, Boris Johnson

462
00:28:53,920 --> 00:28:58,040
Speaker 1: and Bolasarow in Brazil. But we never would have thought

463
00:28:58,520 --> 00:29:01,560
Speaker 1: in the middle of a campaign, thirty days before the election,

464
00:29:02,120 --> 00:29:07,240
Speaker 1: that the incumbent president United States would wind up contracting coronavirus.

465
00:29:07,280 --> 00:29:09,800
Speaker 1: So if you were looking for an October surprise, you

466
00:29:09,880 --> 00:29:12,719
Speaker 1: got it. And this will have, one way or another

467
00:29:12,800 --> 00:29:15,920
Speaker 1: a profound impact on the campaign. But I could make

468
00:29:15,920 --> 00:29:18,360
Speaker 1: the case that it could be both positive and negative.

469
00:29:18,680 --> 00:29:20,520
Speaker 1: And coming up, we're going to talk about the effect

470
00:29:20,520 --> 00:29:23,120
Speaker 1: that it has on the Supreme Court nomination process with

471
00:29:23,240 --> 00:29:26,360
Speaker 1: Judge Amy Coney Barrett. We're also going to discuss the

472
00:29:26,400 --> 00:29:30,640
Speaker 1: fiscal stimulus implications of this and how Wall Street has reacted,

473
00:29:30,640 --> 00:29:34,880
Speaker 1: how the C suite has reacted to comments coming earlier

474
00:29:34,920 --> 00:29:37,880
Speaker 1: today from Leader McConnell, who spoke within the last hour,

475
00:29:37,960 --> 00:29:41,160
Speaker 1: as well as Speaker Pelosi on the fiscal stimulus front.

476
00:29:41,320 --> 00:29:43,480
Speaker 1: We're also going to dive into the jobs numbers. But

477
00:29:43,600 --> 00:29:47,480
Speaker 1: Josh from a political matter, From a political matter, Josh Green,

478
00:29:48,440 --> 00:29:52,360
Speaker 1: just the past sixty minutes, there is still so much

479
00:29:52,440 --> 00:29:55,760
Speaker 1: uncertainty on how this is going to play out this

480
00:29:55,840 --> 00:29:59,200
Speaker 1: weekend on the campaign trail, the president's re election campaign,

481
00:29:59,280 --> 00:30:02,240
Speaker 1: canceling events for the president himself. It's going to be

482
00:30:02,240 --> 00:30:05,720
Speaker 1: a case by case basis in terms of surrogate events.

483
00:30:06,400 --> 00:30:09,160
Speaker 1: Joe Biden remains out on the campaign trail, speaking in Michigan.

484
00:30:09,720 --> 00:30:14,760
Speaker 1: I mean, there's just so much onnes Well, there is,

485
00:30:14,760 --> 00:30:16,320
Speaker 1: although the one thing we know for certain is that

486
00:30:16,400 --> 00:30:18,320
Speaker 1: Donald Trump is not gonna be out holding rallies. He's

487
00:30:18,320 --> 00:30:21,200
Speaker 1: not gonna be out holding campaign events. He's canceled those events,

488
00:30:21,840 --> 00:30:23,600
Speaker 1: and as we just saw in the past few minutes,

489
00:30:23,640 --> 00:30:26,720
Speaker 1: from Joe Biden. You know, he's out there, and the

490
00:30:26,800 --> 00:30:31,880
Speaker 1: distinction is pretty extreme. I mean, Biden is out, he's about,

491
00:30:31,960 --> 00:30:34,920
Speaker 1: he's campaigning. I noticed that he made a point of

492
00:30:34,960 --> 00:30:38,640
Speaker 1: wearing a mask through his entire speech today, which he

493
00:30:38,720 --> 00:30:41,600
Speaker 1: hasn't done in the past. I think a way of

494
00:30:41,880 --> 00:30:45,080
Speaker 1: signaling to voters that he's taken a different approach than

495
00:30:45,160 --> 00:30:48,640
Speaker 1: than President Trump. Now what effect this has on the

496
00:30:48,680 --> 00:30:50,920
Speaker 1: contours of the race overall, I'm not sure. I don't

497
00:30:50,920 --> 00:30:55,240
Speaker 1: think I can imagine any scenario where it's where it's

498
00:30:55,240 --> 00:30:57,920
Speaker 1: a positive for Trump. But we've been through countless news

499
00:30:57,960 --> 00:31:01,720
Speaker 1: cycles where, you know, various events seem as though they're

500
00:31:01,760 --> 00:31:04,600
Speaker 1: going to kind of turn over the Apple card and

501
00:31:04,640 --> 00:31:07,320
Speaker 1: shake things up in the race, and what we have

502
00:31:07,400 --> 00:31:09,920
Speaker 1: instead is is more of the same. I think people's

503
00:31:09,960 --> 00:31:12,400
Speaker 1: opinions of the candidates are pretty fixed at this point.

504
00:31:13,120 --> 00:31:16,600
Speaker 1: Uh And just just to to to move this even

505
00:31:16,640 --> 00:31:21,520
Speaker 1: into next week where there is a Salt Lake City

506
00:31:21,680 --> 00:31:24,680
Speaker 1: debate vice presidential debate. The Debate Commission has come out

507
00:31:24,680 --> 00:31:27,440
Speaker 1: and said that that is still on between Vice President

508
00:31:27,480 --> 00:31:31,600
Speaker 1: Mike pets who tested negative for COVID nineteen and Senator

509
00:31:31,680 --> 00:31:35,200
Speaker 1: Kamala Harris, who also released a statement saying that she

510
00:31:35,280 --> 00:31:39,240
Speaker 1: has tested negative for COVID nineteen. Joe Biden and Dr

511
00:31:39,320 --> 00:31:42,040
Speaker 1: Jill Biden, his wife, have also released statements saying that

512
00:31:42,080 --> 00:31:46,040
Speaker 1: they have tested negative for COVID nineteen. It was a

513
00:31:46,160 --> 00:31:49,720
Speaker 1: day in which, as a reporter, we were all reaching

514
00:31:49,760 --> 00:31:53,080
Speaker 1: out to every single principle on all sides of the

515
00:31:53,320 --> 00:31:57,680
Speaker 1: across the political ideological spectrum, asking that same question, have

516
00:31:57,880 --> 00:32:00,360
Speaker 1: you been tested, when do you get the results? And

517
00:32:00,480 --> 00:32:04,840
Speaker 1: that became the question of the day. There was confusion

518
00:32:04,840 --> 00:32:08,800
Speaker 1: in Washington. There was befuddlement in Washington. There was an

519
00:32:08,840 --> 00:32:13,240
Speaker 1: anxiousness in the nation's capital that extended not just through

520
00:32:13,280 --> 00:32:18,000
Speaker 1: the halls of Congress, but also to both campaigns. Rick Davis, I,

521
00:32:18,640 --> 00:32:22,840
Speaker 1: based upon my reporting, we are not anticipating any public

522
00:32:22,880 --> 00:32:25,480
Speaker 1: comment from when we will hear from the President of

523
00:32:25,480 --> 00:32:29,200
Speaker 1: the United States. How important is that first on camera

524
00:32:29,320 --> 00:32:32,160
Speaker 1: message from the President of the United States going to

525
00:32:32,280 --> 00:32:35,800
Speaker 1: be when they decide to give it and walk us

526
00:32:35,840 --> 00:32:39,480
Speaker 1: through that process. Well, I think what he's going to

527
00:32:39,640 --> 00:32:41,880
Speaker 1: want to do, because this is just the nature of

528
00:32:42,600 --> 00:32:44,800
Speaker 1: who he is, He's gonna want to communicate to the

529
00:32:44,840 --> 00:32:48,080
Speaker 1: public as soon as possible. Now, whether that's his Twitter

530
00:32:48,120 --> 00:32:52,960
Speaker 1: account which probably won't be affected by his coronavirus UH

531
00:32:53,320 --> 00:32:58,280
Speaker 1: diagnosis or or through a television or statement by the

532
00:32:58,560 --> 00:33:01,760
Speaker 1: by the President our call into one of his favorite shows.

533
00:33:02,200 --> 00:33:04,640
Speaker 1: He's he's not going to stay on his back unless

534
00:33:04,760 --> 00:33:09,920
Speaker 1: the virus is debilitating him in some form. But all

535
00:33:10,000 --> 00:33:14,080
Speaker 1: indications are that he's he's doing well. And you mentioned

536
00:33:14,080 --> 00:33:19,400
Speaker 1: he's received some um booster from Regenera on which would

537
00:33:19,480 --> 00:33:23,120
Speaker 1: be helping his immune system fight the the coronavirus. And

538
00:33:23,160 --> 00:33:25,800
Speaker 1: so we hope well for him. But he's a he's

539
00:33:25,840 --> 00:33:27,400
Speaker 1: not the kind of guy that wants to stay out

540
00:33:27,400 --> 00:33:29,600
Speaker 1: of the public view. So he's we're going to hear

541
00:33:29,640 --> 00:33:31,600
Speaker 1: from him, and I suspect we're going to hear from

542
00:33:31,680 --> 00:33:34,480
Speaker 1: him soon, and I think that message is going to

543
00:33:34,520 --> 00:33:39,800
Speaker 1: be very important. Has he gotten anything from this experience?

544
00:33:40,760 --> 00:33:43,520
Speaker 1: Is this a learning moment for that? I have to

545
00:33:43,600 --> 00:33:45,960
Speaker 1: jump in here. I have to jump in here. We're

546
00:33:46,000 --> 00:33:49,560
Speaker 1: just getting a pool report from the president, a supplemental

547
00:33:49,600 --> 00:33:53,680
Speaker 1: pool travel to Walter Read Military Medical Center in advance

548
00:33:53,840 --> 00:33:57,479
Speaker 1: of the President's visit today. UM, this information was not

549
00:33:57,560 --> 00:34:02,160
Speaker 1: reportable until now. We are awaiting the president. UH and

550
00:34:02,680 --> 00:34:07,040
Speaker 1: UH again, there is a supplemental pool report as it's

551
00:34:07,080 --> 00:34:13,040
Speaker 1: known uh in the industry that a supplemental pool traveled

552
00:34:13,040 --> 00:34:16,440
Speaker 1: to Walter Reed Military Medical Center in advance of the

553
00:34:16,440 --> 00:34:22,160
Speaker 1: President's visit today. This information was not reportable until now. Uh.

554
00:34:22,200 --> 00:34:27,560
Speaker 1: And so that is a breaking development, uh, Josh Green

555
00:34:28,160 --> 00:34:32,200
Speaker 1: and Rick Davis. UH. And and we should note, uh,

556
00:34:32,400 --> 00:34:35,799
Speaker 1: just the continued headlines that have been coming out that

557
00:34:35,840 --> 00:34:42,759
Speaker 1: we got this memo from the president's uh, from the

558
00:34:42,840 --> 00:34:49,040
Speaker 1: UH presidents, from the President's physician in which they said, UH,

559
00:34:49,200 --> 00:34:52,680
Speaker 1: that he is receiving treatment for COVID nineteen. And now

560
00:34:53,120 --> 00:34:58,800
Speaker 1: that red headline crossing the Bloomberg terminal, UH that the

561
00:34:58,840 --> 00:35:03,080
Speaker 1: President to visit at Walter Reed H today. So, wow,

562
00:35:03,440 --> 00:35:08,080
Speaker 1: some new details not breaking. President Trump, who revealed early

563
00:35:08,120 --> 00:35:10,600
Speaker 1: this morning he has coronavirus, is leaving the White House

564
00:35:10,640 --> 00:35:14,239
Speaker 1: for Walter Red Military Medical Center. So the press is

565
00:35:14,280 --> 00:35:18,000
Speaker 1: there and the President now reportedly now going to be

566
00:35:18,040 --> 00:35:22,400
Speaker 1: going to Walter Reed Military Medical Center. He is visiting

567
00:35:22,400 --> 00:35:25,600
Speaker 1: Walter Reed Medical Center. Josh Green just put that into

568
00:35:25,719 --> 00:35:29,239
Speaker 1: context for us. The President of the United States diagnosed

569
00:35:29,640 --> 00:35:35,439
Speaker 1: with COVID nineteen, receiving treatment and now visiting Walter Reid. Well,

570
00:35:35,480 --> 00:35:39,200
Speaker 1: this seems like a responsible precaution when you have the

571
00:35:39,239 --> 00:35:42,480
Speaker 1: most important man in the world stricken with a very

572
00:35:42,520 --> 00:35:46,279
Speaker 1: deadly virus. We know news reports that Trump is experiencing

573
00:35:46,280 --> 00:35:49,160
Speaker 1: a fever. He said to be in good spirits, but

574
00:35:49,320 --> 00:35:52,640
Speaker 1: certainly one would presume that he would have access to

575
00:35:52,719 --> 00:35:55,920
Speaker 1: better medical care at Walter Read than he would in

576
00:35:55,960 --> 00:35:57,920
Speaker 1: the West Wing and the White House. So I assume

577
00:35:58,320 --> 00:36:00,319
Speaker 1: I haven't read the Pool report. I assume is gonna

578
00:36:00,320 --> 00:36:02,680
Speaker 1: be undergoing test and that doctors are going to be

579
00:36:03,120 --> 00:36:07,720
Speaker 1: monitoring his health and hopes that um, this experimental drug

580
00:36:07,800 --> 00:36:11,040
Speaker 1: he's taken has the desired effects, keeps the fever stable

581
00:36:11,560 --> 00:36:14,760
Speaker 1: and his symptoms don't worthen As we've seen with other leaders,

582
00:36:14,920 --> 00:36:18,040
Speaker 1: um it can take anywhere from eight to twelve days

583
00:36:18,280 --> 00:36:21,000
Speaker 1: for the virus to fully manifest itself. We all remember

584
00:36:21,520 --> 00:36:25,640
Speaker 1: UK Premier Boris Johnson tested positive for the virus, seemed

585
00:36:25,680 --> 00:36:28,959
Speaker 1: to be fine, and then after a week, entered intensive care.

586
00:36:29,200 --> 00:36:32,719
Speaker 1: So I'm certain that the people around the President, his

587
00:36:32,880 --> 00:36:35,160
Speaker 1: doctors want to do everything they can to make sure

588
00:36:35,200 --> 00:36:38,760
Speaker 1: he's getting the best medical care, even if his symptoms

589
00:36:39,000 --> 00:36:41,680
Speaker 1: are only mild at this point. Rick Davis, just from

590
00:36:41,680 --> 00:36:46,359
Speaker 1: a national security perspective, there's the strategic there's the symbolic.

591
00:36:46,920 --> 00:36:49,600
Speaker 1: Can you put into perspective for us just what this

592
00:36:49,680 --> 00:36:54,759
Speaker 1: means the President Trump will visit Walter Read Hospital today.

593
00:36:55,200 --> 00:36:59,840
Speaker 1: This as he now according to his White House physicians

594
00:37:00,000 --> 00:37:04,040
Speaker 1: on Connolly, we have how he is being treated. Just

595
00:37:04,239 --> 00:37:08,040
Speaker 1: the significance of this moment that he is visiting Walter

596
00:37:08,239 --> 00:37:12,839
Speaker 1: Read Well, certainly from a national security perspective, there will

597
00:37:12,880 --> 00:37:15,480
Speaker 1: be a lot of efforts right now through the various

598
00:37:15,920 --> 00:37:20,880
Speaker 1: chains of communication, the CIA, the State Department, others to

599
00:37:21,200 --> 00:37:28,480
Speaker 1: reassure our allies and to uh inform our adversaries that um,

600
00:37:29,040 --> 00:37:33,440
Speaker 1: the trip is probably uh precautionary, that the President stays

601
00:37:33,520 --> 00:37:35,480
Speaker 1: in total trick. I want to interrupt you because we

602
00:37:35,520 --> 00:37:37,359
Speaker 1: have new information. And then I want and I want

603
00:37:37,360 --> 00:37:40,000
Speaker 1: to get your reaction to From a statement from Press

604
00:37:40,000 --> 00:37:43,120
Speaker 1: Secretary Kaylee Mcinetnie, the President will be working out of

605
00:37:43,200 --> 00:37:46,200
Speaker 1: Walter Read for the next few days. Quote. President Trump

606
00:37:46,239 --> 00:37:49,279
Speaker 1: remains in good spirits, has mild symptoms, and has been

607
00:37:49,320 --> 00:37:52,240
Speaker 1: working throughout the day. Out of an abundance of caution

608
00:37:52,360 --> 00:37:55,600
Speaker 1: and at the recommendation of his physician and medical experts.

609
00:37:55,840 --> 00:37:59,040
Speaker 1: The President will be working from the Presidential Offices at

610
00:37:59,120 --> 00:38:02,799
Speaker 1: Walter Read of the next few days. President Trump appreciates

611
00:38:02,840 --> 00:38:06,240
Speaker 1: the outpouring of support for both he and the First Lady.

612
00:38:06,440 --> 00:38:10,400
Speaker 1: End quote again, the President will be working out of

613
00:38:10,400 --> 00:38:13,880
Speaker 1: Walter Read for the next several days out of an

614
00:38:13,880 --> 00:38:17,000
Speaker 1: abundance of cautions. He has mild symptoms. He has been

615
00:38:17,040 --> 00:38:19,719
Speaker 1: working throughout the day, but quote out of an abundance

616
00:38:19,719 --> 00:38:23,160
Speaker 1: of caution and at the recommendation of his physician and

617
00:38:23,280 --> 00:38:26,879
Speaker 1: medical experts, the President will be working from the Presidential

618
00:38:26,920 --> 00:38:31,160
Speaker 1: Offices at Walter Read for the next few days. End

619
00:38:31,239 --> 00:38:33,920
Speaker 1: quote Rick Davis, I'll come back to you now. The

620
00:38:33,960 --> 00:38:36,839
Speaker 1: President will be staying a few days at Walter Read.

621
00:38:36,880 --> 00:38:39,719
Speaker 1: This according to the White House. Yeah, and that just

622
00:38:39,880 --> 00:38:44,600
Speaker 1: ups the anti from an international perspective, especially on national

623
00:38:44,600 --> 00:38:49,680
Speaker 1: security basis, to ensure that our adversaries don't see this

624
00:38:49,760 --> 00:38:52,799
Speaker 1: as an opportunity to create problems. You know, there are

625
00:38:52,800 --> 00:38:54,880
Speaker 1: hot spots all over the world, you know, in the

626
00:38:54,880 --> 00:38:58,360
Speaker 1: straight a hor Moose with Iran, you know, between China

627
00:38:58,400 --> 00:39:02,760
Speaker 1: and Taiwan, uh Russia and Ukraine, all kinds of mischief

628
00:39:03,360 --> 00:39:06,720
Speaker 1: from the troublemakers around the world that that that could

629
00:39:06,719 --> 00:39:10,680
Speaker 1: be testing us. So I know that all the national

630
00:39:10,680 --> 00:39:13,839
Speaker 1: security apparatus, as the universe of the United States has

631
00:39:13,960 --> 00:39:17,120
Speaker 1: has been in highlert all throughout the day, and this

632
00:39:17,200 --> 00:39:19,640
Speaker 1: will just make it more important for them to be

633
00:39:20,160 --> 00:39:24,160
Speaker 1: uh sending you know, very strong signals that that we

634
00:39:24,200 --> 00:39:27,879
Speaker 1: won't tolerate any any mischief fire adversaries, but that being

635
00:39:27,880 --> 00:39:32,000
Speaker 1: set on a political basis, Uh, this just drives even

636
00:39:32,040 --> 00:39:36,920
Speaker 1: more attention to this is an issue. Obviously, not having

637
00:39:36,960 --> 00:39:40,160
Speaker 1: Donald Trump on the road and doing his rallies is

638
00:39:40,400 --> 00:39:44,080
Speaker 1: a big loss for his campaign, but a laser focus

639
00:39:44,120 --> 00:39:48,120
Speaker 1: on coronavirus now is an issue. Probably isn't exactly what

640
00:39:48,160 --> 00:39:50,480
Speaker 1: they had in mind either. Thirty days out. If you're

641
00:39:50,480 --> 00:39:52,399
Speaker 1: just joining us, my name iss Kevin's relian the Chief

642
00:39:52,400 --> 00:39:55,040
Speaker 1: Washington corresponded from the Berg television and from the Burg radio.

643
00:39:55,040 --> 00:39:59,480
Speaker 1: President Trump is set to visit Walter Reid for the

644
00:39:59,520 --> 00:40:02,279
Speaker 1: next few days out of an abundance of caution. He

645
00:40:02,320 --> 00:40:05,040
Speaker 1: has been diagnosed, of course, with COVID nineteen. He is

646
00:40:05,480 --> 00:40:08,239
Speaker 1: has mild symptoms and has been working throughout the day,

647
00:40:08,280 --> 00:40:11,200
Speaker 1: but he has headed to Walter. Read this as we

648
00:40:11,320 --> 00:40:14,680
Speaker 1: just got word within the last hour or so in

649
00:40:14,760 --> 00:40:18,080
Speaker 1: a one page memo from his White House physician Sean

650
00:40:18,160 --> 00:40:22,440
Speaker 1: Connolly that he has been receiving an experimental drug, the

651
00:40:22,520 --> 00:40:29,680
Speaker 1: Regeneron Pharmaceuticals Antibody Cocktail UH. He has received a single

652
00:40:29,760 --> 00:40:34,600
Speaker 1: eight graham dose of Regeneron's polyclonal antibody cocktail, and in

653
00:40:34,640 --> 00:40:38,800
Speaker 1: addition to the polyclonal antibodies, the President has been taking zinc,

654
00:40:39,040 --> 00:40:43,279
Speaker 1: vitamin D, famitadine, melotonin, and a daily aspir and he

655
00:40:43,320 --> 00:40:47,160
Speaker 1: remains fatigued but is in good spirits. The White House

656
00:40:47,200 --> 00:40:51,360
Speaker 1: just within the last several moments um UH say releasing

657
00:40:51,360 --> 00:40:54,600
Speaker 1: a statement saying that he is in good spirits mild symptoms.

658
00:40:54,880 --> 00:40:56,520
Speaker 1: Has been working throughout the day, but out of an

659
00:40:56,560 --> 00:40:59,640
Speaker 1: abundance of caution and at the recommendation of his physician

660
00:40:59,719 --> 00:41:02,600
Speaker 1: and metical experts, the President will be working from the

661
00:41:02,680 --> 00:41:06,240
Speaker 1: Presidential offices of Walter Reid for the next few days.

662
00:41:06,440 --> 00:41:09,400
Speaker 1: President Trump appreciates the outpouring of support for both he

663
00:41:09,520 --> 00:41:11,840
Speaker 1: and the First Lady. Josh Green is with me. He

664
00:41:11,880 --> 00:41:15,760
Speaker 1: has a Bloomberg Business Week political reporter. Just so much news,

665
00:41:15,760 --> 00:41:19,960
Speaker 1: so much significant developments, just on the on the political front.

666
00:41:20,239 --> 00:41:24,600
Speaker 1: Rick touched on the national security front. But from perspective,

667
00:41:24,760 --> 00:41:28,520
Speaker 1: just with an election just weeks away, this is without

668
00:41:28,640 --> 00:41:32,719
Speaker 1: question going to shake up the race, well it is.

669
00:41:32,760 --> 00:41:35,800
Speaker 1: I mean, what what it tells us for certain is that, uh,

670
00:41:35,840 --> 00:41:38,440
Speaker 1: you know, a race that I think that the Trump

671
00:41:38,480 --> 00:41:42,440
Speaker 1: campaign had been trying to use to move beyond the

672
00:41:42,480 --> 00:41:46,160
Speaker 1: coronavirus in that pandemic, to focus on the recovering the economy,

673
00:41:46,920 --> 00:41:50,520
Speaker 1: to focus on America's strengthen the world, it's relationship with China.

674
00:41:51,120 --> 00:41:56,480
Speaker 1: Uh now has been yanked back to seven focus on coronavirus.

675
00:41:56,560 --> 00:41:58,880
Speaker 1: That I think is probably going to uh and do

676
00:41:59,040 --> 00:42:00,600
Speaker 1: or at least for the next of the weeks. And

677
00:42:00,640 --> 00:42:02,960
Speaker 1: once you get on, once you know your thirty thirty

678
00:42:03,040 --> 00:42:07,640
Speaker 1: days out, we've arrived election day. So um. One of

679
00:42:07,680 --> 00:42:09,880
Speaker 1: the challenges I think Trump had was that if the

680
00:42:10,040 --> 00:42:13,680
Speaker 1: if the race became a referendum on his handling of coronavirus.

681
00:42:13,880 --> 00:42:17,319
Speaker 1: Most voters and polls don't believe he's doing a good job.

682
00:42:17,400 --> 00:42:20,520
Speaker 1: Doesn't seem to be an advantageous issue now here. He

683
00:42:20,680 --> 00:42:24,240
Speaker 1: is both with the focus on the coronavirus and unable

684
00:42:24,280 --> 00:42:29,080
Speaker 1: to campaign and so far even communicate since his diagnosis.

685
00:42:29,120 --> 00:42:31,680
Speaker 1: At one o'clock this morning, I checked just now to

686
00:42:31,719 --> 00:42:35,520
Speaker 1: see Trump hasn't tweeted in more than sixteen hours. So

687
00:42:36,320 --> 00:42:38,359
Speaker 1: I think the world is still waiting to hear from him,

688
00:42:38,400 --> 00:42:41,600
Speaker 1: whether that's on Twitter, whether that's calling into a Fox

689
00:42:41,640 --> 00:42:44,799
Speaker 1: News show. I think the political world now is really

690
00:42:44,800 --> 00:42:47,120
Speaker 1: just riveted on what is his status and when are

691
00:42:47,120 --> 00:42:48,640
Speaker 1: we going to hear from him? When we do? As

692
00:42:48,680 --> 00:42:51,560
Speaker 1: Rex said, what is he going to say? Rick Davis,

693
00:42:51,560 --> 00:42:55,320
Speaker 1: Sploomberg contributor, You, of course, we're also the campaign manager

694
00:42:55,360 --> 00:42:59,120
Speaker 1: to John McCain's two thousand and a presidential campaign. The

695
00:42:59,239 --> 00:43:03,640
Speaker 1: importance of those remarks, the importance of the images that

696
00:43:03,840 --> 00:43:06,600
Speaker 1: we will see of the president if we are able

697
00:43:06,640 --> 00:43:10,440
Speaker 1: to get those images of him going into Walter read,

698
00:43:11,160 --> 00:43:15,000
Speaker 1: the importance of the symbolic nature of that moment of

699
00:43:15,000 --> 00:43:19,640
Speaker 1: the commander in chief diagnosed with coronavirus. Working from Walter read,

700
00:43:20,920 --> 00:43:24,959
Speaker 1: It's it's almost beyond words how important. I mean, put

701
00:43:25,000 --> 00:43:30,400
Speaker 1: this in perspective of just how significant of the of

702
00:43:30,440 --> 00:43:34,600
Speaker 1: the speech this will be, uh and and just the

703
00:43:34,360 --> 00:43:39,080
Speaker 1: the magnitude of this moment. Well, I think that one

704
00:43:39,120 --> 00:43:41,640
Speaker 1: of the things that we really have to consider is

705
00:43:41,680 --> 00:43:44,839
Speaker 1: just how long it will be before we do have

706
00:43:45,040 --> 00:43:48,399
Speaker 1: a speech by Donald Trump. I mean, it's one thing

707
00:43:48,400 --> 00:43:51,440
Speaker 1: to communicate Hey, I'm doing great. You shoot out of Twitter.

708
00:43:51,520 --> 00:43:53,799
Speaker 1: Thanks for all the well, wishing that would be nice

709
00:43:53,800 --> 00:43:56,600
Speaker 1: to see right as Uh, as we've been just talking

710
00:43:56,600 --> 00:43:59,560
Speaker 1: and there's been some time since he tweeted. I'm probably

711
00:43:59,560 --> 00:44:01,840
Speaker 1: setting a record right now since he was president for

712
00:44:01,960 --> 00:44:05,640
Speaker 1: not having tweeted. But it's likely that he won't be

713
00:44:05,680 --> 00:44:08,279
Speaker 1: making any kind of public appearance. I doubt if you'll

714
00:44:08,360 --> 00:44:13,040
Speaker 1: see anything from his visit to Walter Read because he'll

715
00:44:13,280 --> 00:44:15,279
Speaker 1: he'll get in and get out, you know, the way

716
00:44:15,320 --> 00:44:19,239
Speaker 1: most presidents do without without a lot of pictures. Uh. So,

717
00:44:19,440 --> 00:44:22,160
Speaker 1: my my guess is that this is going to remain

718
00:44:22,320 --> 00:44:26,520
Speaker 1: a medical situation and not a political situation until at

719
00:44:26,560 --> 00:44:29,080
Speaker 1: which point in time Donald Trump says it's time for

720
00:44:29,120 --> 00:44:31,480
Speaker 1: me to do something. Um, there was a lot of

721
00:44:31,480 --> 00:44:34,239
Speaker 1: speculation earlier today about well, you know, he's in the

722
00:44:34,280 --> 00:44:36,520
Speaker 1: White House, he's got mild symptoms, and maybe he just

723
00:44:36,560 --> 00:44:39,520
Speaker 1: walks out into the south lawn, holds a little presser,

724
00:44:39,680 --> 00:44:42,080
Speaker 1: says you know, he's doing fine, and sends a message

725
00:44:42,120 --> 00:44:44,640
Speaker 1: that he will be good. Uh, this ups the anti

726
00:44:45,280 --> 00:44:48,640
Speaker 1: Now he's in a medical facility that will take great

727
00:44:48,680 --> 00:44:52,480
Speaker 1: care of him. It's a fantastic facility, but um, it's not.

728
00:44:52,640 --> 00:44:55,000
Speaker 1: It takes away those kinds of options to be seen

729
00:44:55,480 --> 00:44:57,879
Speaker 1: walking from the residents to the Oval office to put

730
00:44:57,880 --> 00:45:00,000
Speaker 1: a couple hours in even in a in a conduce

731
00:45:00,239 --> 00:45:04,799
Speaker 1: of COVID. So um, we're I think, still seeing this

732
00:45:04,960 --> 00:45:09,120
Speaker 1: unravel as an issue. But as I mentioned earlier, the

733
00:45:09,200 --> 00:45:14,920
Speaker 1: idea that today very critical weekend before we get into

734
00:45:15,160 --> 00:45:18,400
Speaker 1: you know, the one month run for the election, and

735
00:45:18,560 --> 00:45:21,960
Speaker 1: all we're talking about is the president's health and COVID

736
00:45:22,239 --> 00:45:25,960
Speaker 1: and that is not what he wanted as a launch

737
00:45:26,000 --> 00:45:29,319
Speaker 1: into October. All right, I want to offer my my

738
00:45:29,440 --> 00:45:33,520
Speaker 1: sincerest gratitude to Josh Green, Bloomberg Business Week political reporter

739
00:45:33,560 --> 00:45:36,080
Speaker 1: and Rick Davis, partner at Stone Court Capital, former campaign

740
00:45:36,120 --> 00:45:38,920
Speaker 1: manager for John mcains oh a presidential campaign, and of

741
00:45:38,960 --> 00:45:42,920
Speaker 1: course a Bloomberg contributor. Truly, no one better and for

742
00:45:42,920 --> 00:45:45,359
Speaker 1: for a newsday like this, So thank you to Rick

743
00:45:45,440 --> 00:45:47,680
Speaker 1: and thank you to Josh. Coming up, we have much

744
00:45:47,680 --> 00:45:51,480
Speaker 1: more to get through. How the market reacted, how leadership

745
00:45:51,640 --> 00:45:54,880
Speaker 1: in Congress on both sides are reacting, What does it

746
00:45:54,920 --> 00:45:57,600
Speaker 1: mean for fiscal stimulus, what does it mean for the economy,

747
00:45:57,719 --> 00:45:59,799
Speaker 1: and of course what does it mean for the next

748
00:46:00,120 --> 00:46:03,600
Speaker 1: twelve hours in America. My name is Kevin Cereli on

749
00:46:03,680 --> 00:46:05,879
Speaker 1: the Chief Washington correspondent for Bloomber TV and Radio. You're

750
00:46:05,880 --> 00:46:17,440
Speaker 1: listening to Bloomberg. This is Bloomberg Sound On with Kevin

751
00:46:17,440 --> 00:46:21,640
Speaker 1: Surreley on Bloomberg and one oh five point seven f

752
00:46:21,800 --> 00:46:24,560
Speaker 1: M HD two. My name is Kevin Cereli. I'm the

753
00:46:24,600 --> 00:46:28,040
Speaker 1: Chief Washington correspondent from Bloomberg Television and from Bloomberg Radio.

754
00:46:28,200 --> 00:46:31,120
Speaker 1: Just within the last half hour, new developments on President

755
00:46:31,120 --> 00:46:35,000
Speaker 1: Trump's diagnosis with COVID nineteen, the White House Press Secretary

756
00:46:35,080 --> 00:46:38,440
Speaker 1: Kaylee Mcinetey releasing a statement that the President remains in

757
00:46:38,480 --> 00:46:42,000
Speaker 1: good spirits, has mild symptoms, and has been working throughout

758
00:46:42,080 --> 00:46:46,560
Speaker 1: the day. He is also on going to be visiting

759
00:46:46,640 --> 00:46:50,200
Speaker 1: and working from Walter Reid for the next few days.

760
00:46:50,280 --> 00:46:52,960
Speaker 1: The president quote, the President will be working from the

761
00:46:52,960 --> 00:46:57,760
Speaker 1: Presidential Offices at Walter read for the next few days.

762
00:46:58,800 --> 00:47:02,919
Speaker 1: This comes following within the last two hours, the White

763
00:47:02,960 --> 00:47:08,120
Speaker 1: House physician Sean Connolly releasing a memo uh to the

764
00:47:08,120 --> 00:47:13,000
Speaker 1: press saying that the President has been getting treated with

765
00:47:13,080 --> 00:47:18,880
Speaker 1: a regeneraon pharmaceuticals in quote antibody cocktail following PCR confirmation

766
00:47:18,880 --> 00:47:22,640
Speaker 1: of the President's diagnosis. As a precautionary measure, he received

767
00:47:22,640 --> 00:47:27,440
Speaker 1: a single eight graham dose of Regeneron's polyclonal antibody cocktail,

768
00:47:27,640 --> 00:47:30,960
Speaker 1: the physician Sean Connolly said in a statement. In addition

769
00:47:31,000 --> 00:47:34,600
Speaker 1: to the polyclonal antibodies, the President has been taking zinc,

770
00:47:35,080 --> 00:47:40,880
Speaker 1: vitamin D famin to dine, melatonin, and a daily aspirm

771
00:47:41,160 --> 00:47:43,400
Speaker 1: We should know that the President and his wife, Melania

772
00:47:43,440 --> 00:47:45,880
Speaker 1: Trump the First Lady, have been in isolation at the

773
00:47:45,880 --> 00:47:49,160
Speaker 1: White House since his diagnosis, which he announced after Bloomberg

774
00:47:49,200 --> 00:47:51,800
Speaker 1: News reported that one of his closest aids, Hope Pix,

775
00:47:52,160 --> 00:47:57,080
Speaker 1: attested positive for the coronavirus infection. Connolly statement was the

776
00:47:57,080 --> 00:48:01,200
Speaker 1: first update from President Trump's doctor since early Friday morning.

777
00:48:01,440 --> 00:48:04,400
Speaker 1: The President has not tweeted nor made any public statement

778
00:48:04,640 --> 00:48:10,640
Speaker 1: since announcing his infection at am in Washington. We have

779
00:48:10,680 --> 00:48:13,279
Speaker 1: every angle covered. Today was Job's day. We got new

780
00:48:13,320 --> 00:48:16,840
Speaker 1: developments from how Speaker Nancy Pelosi as well as Leader

781
00:48:17,120 --> 00:48:19,719
Speaker 1: Mitch McConnell in terms of the state of play for

782
00:48:19,760 --> 00:48:23,480
Speaker 1: the fiscal stimulus, whether or not this diagnosis of the

783
00:48:23,480 --> 00:48:26,920
Speaker 1: President and the First Lady will serve as an inflection

784
00:48:26,960 --> 00:48:30,600
Speaker 1: point with regards to fiscal stimulus talks and of course

785
00:48:30,600 --> 00:48:34,920
Speaker 1: the political implications. With me for the half hour Matty Duppler,

786
00:48:34,960 --> 00:48:38,160
Speaker 1: its founder of Forward Strategies, senior fellow at the National

787
00:48:38,200 --> 00:48:43,520
Speaker 1: Taxpayers Union, and former Coalitions director for the House Republican Conference.

788
00:48:43,600 --> 00:48:46,160
Speaker 1: Jeannie Zano is also with us. She's an Iona College

789
00:48:46,160 --> 00:48:50,480
Speaker 1: professor and Bloomberg Politics contributor. Genie I was speaking with

790
00:48:50,560 --> 00:48:53,560
Speaker 1: Rick in the last half hour just about the importance

791
00:48:53,600 --> 00:48:58,040
Speaker 1: of symbolism, the importance of the Commander in chief going

792
00:48:58,080 --> 00:49:02,839
Speaker 1: to Walter Re National Military Medical Center tonight to work

793
00:49:02,880 --> 00:49:08,600
Speaker 1: there from a couple of days that this historic government hospital,

794
00:49:08,680 --> 00:49:13,880
Speaker 1: a medical facility has treated several presidents, several presidents, and

795
00:49:13,920 --> 00:49:17,080
Speaker 1: of course is part of the fabric of the nation's

796
00:49:17,160 --> 00:49:21,440
Speaker 1: capital and the DNA really of Washington, d C. The

797
00:49:21,520 --> 00:49:25,640
Speaker 1: symbolism not just from a domestic political standpoint, but also

798
00:49:26,400 --> 00:49:29,840
Speaker 1: around the world, around the world, and the first comments

799
00:49:29,920 --> 00:49:33,400
Speaker 1: from President Trump are going to be all that more important.

800
00:49:33,800 --> 00:49:37,600
Speaker 1: Jeanie's I know, yeah, absolutely, And of course you know

801
00:49:37,719 --> 00:49:41,520
Speaker 1: watching I was watching Marine one landing at the White House,

802
00:49:41,719 --> 00:49:44,319
Speaker 1: and you know, all of us wishing the President and

803
00:49:44,360 --> 00:49:47,319
Speaker 1: the First Lady are very best as he recovers, and

804
00:49:47,760 --> 00:49:50,600
Speaker 1: you know, hopeful that they say the symptoms are mild,

805
00:49:50,640 --> 00:49:52,720
Speaker 1: and he is going there and he's in good spirits

806
00:49:52,719 --> 00:49:56,080
Speaker 1: and is able to work. Um. But it is absolutely

807
00:49:56,120 --> 00:49:59,920
Speaker 1: I had chills watching Marine one land and and seeing

808
00:50:00,040 --> 00:50:03,680
Speaker 1: these pictures out of Washington. UM, and I you know,

809
00:50:04,800 --> 00:50:07,719
Speaker 1: just thinking about this, this moment that we're in. It's

810
00:50:07,719 --> 00:50:11,120
Speaker 1: been such a historic year an election, and for the

811
00:50:11,160 --> 00:50:14,400
Speaker 1: President to have to you know, unfortunately suffer like this

812
00:50:14,520 --> 00:50:17,040
Speaker 1: and come down with this pandemic right at the and

813
00:50:17,080 --> 00:50:19,520
Speaker 1: the other people in the White House, including the First Lady,

814
00:50:19,560 --> 00:50:22,279
Speaker 1: and then to be taken you know, to Walter Reed

815
00:50:22,360 --> 00:50:25,239
Speaker 1: Medical Center. I had, you know, had a chance to

816
00:50:25,280 --> 00:50:28,680
Speaker 1: listen to you know, a former White House physicians say

817
00:50:28,719 --> 00:50:31,160
Speaker 1: that that you know, likely wouldn't happen, they would be

818
00:50:31,200 --> 00:50:34,040
Speaker 1: able to potentially not somebody who's treated him treat him

819
00:50:34,040 --> 00:50:36,239
Speaker 1: at the White House. But to hear that he was

820
00:50:36,320 --> 00:50:38,719
Speaker 1: being moved, I think was concerning for all of us.

821
00:50:38,719 --> 00:50:41,000
Speaker 1: But it was good to hear that at least reports

822
00:50:41,000 --> 00:50:43,000
Speaker 1: are that he is being moved in in good spirits,

823
00:50:43,000 --> 00:50:46,080
Speaker 1: amount symptoms, able to work. So you know, it just

824
00:50:46,200 --> 00:50:49,680
Speaker 1: to your point, is a very sort of stunning moment

825
00:50:49,800 --> 00:50:52,560
Speaker 1: thirty days out of an election, and it would be

826
00:50:52,600 --> 00:50:54,879
Speaker 1: any time, but of course, wrapped up in everything else

827
00:50:54,920 --> 00:50:57,400
Speaker 1: we've all been through this year. The question of the day,

828
00:50:57,840 --> 00:51:01,480
Speaker 1: as we reporters sometimes call it, for all of our sources,

829
00:51:01,640 --> 00:51:05,000
Speaker 1: if you're in the journalism industry, to all of our sources,

830
00:51:05,040 --> 00:51:07,799
Speaker 1: do you have coronavirus? Did you get tested? Who were

831
00:51:07,840 --> 00:51:12,160
Speaker 1: you in contact with? And that was across the ideological spectrum.

832
00:51:12,200 --> 00:51:14,240
Speaker 1: And it wasn't just reporters who woke up in Washington

833
00:51:14,320 --> 00:51:18,040
Speaker 1: this morning and we're asking that, but government employees, staffers

834
00:51:18,080 --> 00:51:22,200
Speaker 1: at all levels, and principles themselves. It was confusion, confusion,

835
00:51:22,560 --> 00:51:26,360
Speaker 1: the futtlement as well as an urgency and an anxiety

836
00:51:26,440 --> 00:51:30,120
Speaker 1: that gripped this city and gripped the presidential campaigns in

837
00:51:30,120 --> 00:51:33,200
Speaker 1: a way that we have not seen. Also, speaking within

838
00:51:33,239 --> 00:51:37,280
Speaker 1: the last two hours, Democratic presidential nominee Joe Biden speaking

839
00:51:37,320 --> 00:51:40,520
Speaker 1: on the campaign trail and wearing a mask in Graham's

840
00:51:40,800 --> 00:51:43,920
Speaker 1: Rapids Michigan. Take a listen to Joe Biden and what

841
00:51:43,960 --> 00:51:46,759
Speaker 1: he had to say. I hope that all those who

842
00:51:46,800 --> 00:51:51,000
Speaker 1: are fighting this virus, including the First family and so

843
00:51:51,160 --> 00:51:57,000
Speaker 1: many Americans today recover and recover soon. My prayers who

844
00:51:57,040 --> 00:52:01,960
Speaker 1: went the families on the more than I think seven

845
00:52:02,239 --> 00:52:08,120
Speaker 1: thousand Americans who have died from this virus That was

846
00:52:08,680 --> 00:52:12,680
Speaker 1: Joe Biden speaking earlier this afternoon in Grand Rapids, Michigan,

847
00:52:12,680 --> 00:52:17,440
Speaker 1: matting Zuppler in terms of what this means for the

848
00:52:17,560 --> 00:52:24,360
Speaker 1: short term in the next four hours, Where does Washington

849
00:52:24,440 --> 00:52:27,200
Speaker 1: go from here, both from a political and a policy standpoint,

850
00:52:28,239 --> 00:52:31,239
Speaker 1: Well have I think it's important for our listeners to

851
00:52:31,280 --> 00:52:35,520
Speaker 1: realize just how insulated DC has felt from all of this.

852
00:52:35,719 --> 00:52:37,760
Speaker 1: I mean, we're not allowed to go in the capital

853
00:52:37,840 --> 00:52:40,680
Speaker 1: now if you don't work there, but there's no testing regiment,

854
00:52:40,800 --> 00:52:43,880
Speaker 1: there's really no mandate in place for behavior to change

855
00:52:44,280 --> 00:52:46,759
Speaker 1: in the capital. Most of Washington, d C, of course,

856
00:52:46,880 --> 00:52:48,920
Speaker 1: is a lot of white collar workers who are simply

857
00:52:48,960 --> 00:52:51,680
Speaker 1: just working from home. And the results of that is

858
00:52:51,680 --> 00:52:54,759
Speaker 1: there hasn't been a lot of urgency to respond to

859
00:52:54,960 --> 00:53:00,560
Speaker 1: what is a pandemic and economic crisis and completely precedent

860
00:53:00,600 --> 00:53:03,960
Speaker 1: and circumstances. So, you know, the the conversation for this

861
00:53:04,160 --> 00:53:05,840
Speaker 1: entire week has been will there be a deal on

862
00:53:05,880 --> 00:53:08,800
Speaker 1: COVID relief on the Hill? And and chances have looked uncertain.

863
00:53:08,920 --> 00:53:12,840
Speaker 1: I would say that the virus hitting so close to

864
00:53:12,920 --> 00:53:16,839
Speaker 1: home and the commander in chief now being amongst one

865
00:53:16,960 --> 00:53:20,279
Speaker 1: of the instructed not to mention the first Lady, as

866
00:53:20,280 --> 00:53:23,360
Speaker 1: well as important members of the White House staff. I

867
00:53:23,480 --> 00:53:28,080
Speaker 1: think that that does start to at least impel the

868
00:53:28,120 --> 00:53:33,080
Speaker 1: negotiators to consider that we have not been acting, um

869
00:53:33,200 --> 00:53:35,440
Speaker 1: by we, I mean kind of washing d C at large,

870
00:53:35,640 --> 00:53:37,920
Speaker 1: has not been acting with the same urgency that the

871
00:53:37,960 --> 00:53:39,719
Speaker 1: rest of the country has felt. And we've seen that

872
00:53:39,760 --> 00:53:42,160
Speaker 1: disconnect again and again and again when we look at

873
00:53:42,160 --> 00:53:46,080
Speaker 1: the economic impact that's being felt very unequally across the country,

874
00:53:46,320 --> 00:53:49,280
Speaker 1: we look at different states really grappling with different public

875
00:53:49,360 --> 00:53:53,680
Speaker 1: health challenges with the coronavirus, it's a little bit an

876
00:53:53,680 --> 00:53:56,520
Speaker 1: equalizer for the President himself all of a sudden to

877
00:53:56,560 --> 00:54:00,360
Speaker 1: be thrust into the throes of the pandemic um And

878
00:54:00,400 --> 00:54:04,000
Speaker 1: what that means for policy in Washington is that potentially

879
00:54:04,000 --> 00:54:06,520
Speaker 1: it could jar some things loose and we could potentially

880
00:54:06,520 --> 00:54:09,799
Speaker 1: see you know, I'm my hope, hope springs eternal, is

881
00:54:09,840 --> 00:54:12,040
Speaker 1: that we could see movement on the Hill for a

882
00:54:12,200 --> 00:54:14,680
Speaker 1: release bill so that the rest of the country that

883
00:54:14,800 --> 00:54:17,320
Speaker 1: is suffering from these circumstances, both economically and from a

884
00:54:17,360 --> 00:54:21,080
Speaker 1: public health perspective, can start getting some certainty. Uh. And

885
00:54:21,120 --> 00:54:24,319
Speaker 1: of course the hope is that that that aligns with

886
00:54:24,560 --> 00:54:26,480
Speaker 1: the President. The first Lady and all the rest of

887
00:54:26,520 --> 00:54:29,440
Speaker 1: the families across this country who are afflicted and affected

888
00:54:29,440 --> 00:54:33,480
Speaker 1: by this virus being able to heal SUD swiftly and

889
00:54:33,520 --> 00:54:37,000
Speaker 1: hopefully if not too many loss lasting repercussions. It is

890
00:54:37,400 --> 00:54:41,799
Speaker 1: uh what normally, in any other circumstances would be a

891
00:54:42,000 --> 00:54:47,680
Speaker 1: largely economic economically driven day coming from Washington, h d C.

892
00:54:48,000 --> 00:54:51,800
Speaker 1: Because we did get that job's report earlier this morning,

893
00:54:51,880 --> 00:54:54,719
Speaker 1: with only six hundred and sixty one thousand jobs out

894
00:54:54,719 --> 00:54:58,000
Speaker 1: of back to the labor market in the month of September.

895
00:54:58,080 --> 00:55:02,120
Speaker 1: This missed most four has the participation rate also dropping

896
00:55:02,360 --> 00:55:06,880
Speaker 1: to sixty four percent, below all estimates, as fears that

897
00:55:07,040 --> 00:55:10,960
Speaker 1: some of the job losses are being made more permanent. Meanwhile,

898
00:55:11,000 --> 00:55:15,000
Speaker 1: the unemployment rate did fall to seven point nine percent.

899
00:55:15,160 --> 00:55:18,560
Speaker 1: The report highlights the depths of the recession, and then

900
00:55:18,600 --> 00:55:20,560
Speaker 1: any hope of a v shaped recovery led by the

901
00:55:20,600 --> 00:55:23,799
Speaker 1: labor market is growing dim. The next administration, whether it's

902
00:55:23,800 --> 00:55:26,279
Speaker 1: headed by Joe Biden or President Trump, will have to

903
00:55:26,360 --> 00:55:30,799
Speaker 1: reckon with that economy and jobs market in a rough

904
00:55:31,480 --> 00:55:35,000
Speaker 1: and jobs market in a rough shape. You mentioned this, Maddie,

905
00:55:35,040 --> 00:55:40,120
Speaker 1: but this seemingly this inflection point, this inflection point that

906
00:55:40,160 --> 00:55:43,600
Speaker 1: we're seeing with the health of President Trump and First

907
00:55:43,640 --> 00:55:46,520
Speaker 1: Lady Melania Trump, as well as coming from the c

908
00:55:46,680 --> 00:55:51,279
Speaker 1: suite of the airline industry as it relates to airlines

909
00:55:51,320 --> 00:55:54,719
Speaker 1: now having to make some tough calls about job layoffs

910
00:55:54,760 --> 00:55:59,000
Speaker 1: because their stimulus support has ended. Has really put a

911
00:55:59,040 --> 00:56:04,320
Speaker 1: renewed pressure Speaker Pelosi, Leader McConnell, Secretary Manusium and President

912
00:56:04,320 --> 00:56:10,400
Speaker 1: Trump in terms of how they are going to talk

913
00:56:11,120 --> 00:56:15,760
Speaker 1: about about fiscal stimulus. Take a listen to Speaker Pelosi

914
00:56:16,000 --> 00:56:19,359
Speaker 1: on stimulus. She spoke earlier this morning, had I think

915
00:56:19,400 --> 00:56:23,879
Speaker 1: constructive conversations Secretary Manuchin and I but they have not.

916
00:56:24,560 --> 00:56:28,320
Speaker 1: But they are not finished. I'm hopeful, but we do

917
00:56:28,480 --> 00:56:31,759
Speaker 1: come at it from two different places. And she went

918
00:56:31,800 --> 00:56:34,480
Speaker 1: on to urge those airline industries as well as other

919
00:56:34,560 --> 00:56:37,720
Speaker 1: CEOs to delay job cuts, saying that an aid package

920
00:56:37,760 --> 00:56:42,480
Speaker 1: was on the way. Meanwhile, President Trump again experiencing mild symptoms.

921
00:56:43,080 --> 00:56:46,480
Speaker 1: It added to just the gloomy development. Jeanie Zano on

922
00:56:46,560 --> 00:56:52,160
Speaker 1: the economic front, Yeah, absolutely, and um, you know, I

923
00:56:52,480 --> 00:56:55,279
Speaker 1: think you're right. So much news if we think the

924
00:56:55,320 --> 00:56:57,520
Speaker 1: beginning of the week started with the tax story, and

925
00:56:57,520 --> 00:56:59,560
Speaker 1: then it was quickly the debate, and then we were

926
00:56:59,600 --> 00:57:01,640
Speaker 1: waiting for this job's report, and all of a sudden

927
00:57:01,719 --> 00:57:06,759
Speaker 1: late yesterday Bloomberg broke that that Hope pix Was was diagnosed,

928
00:57:06,800 --> 00:57:09,440
Speaker 1: and then of course very quickly after that, the President

929
00:57:09,520 --> 00:57:12,320
Speaker 1: had been confirmed and the first lady to have gotten COVID.

930
00:57:12,400 --> 00:57:15,480
Speaker 1: So it's you know, it's been a head spinning number

931
00:57:15,560 --> 00:57:19,480
Speaker 1: of major stories and just the last week, and to

932
00:57:19,880 --> 00:57:23,160
Speaker 1: end it like this, um, and you know have the

933
00:57:23,200 --> 00:57:27,440
Speaker 1: president again going to Walter Read with hopefully mild sympsons

934
00:57:27,480 --> 00:57:30,560
Speaker 1: as they're saying, UM, you know, it is a very

935
00:57:30,680 --> 00:57:33,920
Speaker 1: sobering moment. You know, I was thinking that because I'm

936
00:57:33,960 --> 00:57:36,920
Speaker 1: talking to you from Westchester County in New York, and

937
00:57:37,040 --> 00:57:38,920
Speaker 1: we had in New Rochelle, where I am, some of

938
00:57:38,920 --> 00:57:42,320
Speaker 1: the first cases that were publicly discussed. Sort of we

939
00:57:42,320 --> 00:57:45,200
Speaker 1: were ground zero for COVID at the very beginning in March.

940
00:57:45,720 --> 00:57:48,520
Speaker 1: And then you know, so many people here and elsewhere

941
00:57:48,520 --> 00:57:51,600
Speaker 1: have suffered to Mattie's earlier point, and to see this

942
00:57:51,680 --> 00:57:54,560
Speaker 1: now really hit Washington, d C. In the way it has,

943
00:57:54,600 --> 00:57:58,560
Speaker 1: and you know, so unfortunately, UM, we saw Nancy Pelosi

944
00:57:58,600 --> 00:58:01,480
Speaker 1: come out today after talking to Steve Minuchin and obviously

945
00:58:01,480 --> 00:58:04,480
Speaker 1: talking throughout the day being more optimistic that they could

946
00:58:04,520 --> 00:58:07,919
Speaker 1: reach a deal, and that this you know, the sort

947
00:58:07,960 --> 00:58:09,760
Speaker 1: of the back and forth that has gone on in

948
00:58:09,800 --> 00:58:13,160
Speaker 1: Republicans balking to a certain extent of how costly it was,

949
00:58:13,200 --> 00:58:15,720
Speaker 1: and Democrats doing their unfair show of walking over the

950
00:58:15,760 --> 00:58:18,200
Speaker 1: last several weeks, that they may be able to come

951
00:58:18,200 --> 00:58:21,240
Speaker 1: to an agreement because of course we need to move

952
00:58:21,320 --> 00:58:24,360
Speaker 1: forward on this. It is very, very difficult to think

953
00:58:24,400 --> 00:58:27,040
Speaker 1: back to the fact that July thirty one was when

954
00:58:27,040 --> 00:58:30,200
Speaker 1: the last deadline hits, and now, of course we are

955
00:58:30,280 --> 00:58:34,560
Speaker 1: October second with a president and the first lady diagnosed,

956
00:58:34,600 --> 00:58:37,959
Speaker 1: and we still do not have a supplemental relief bill

957
00:58:38,000 --> 00:58:41,120
Speaker 1: in place. So you know that. But it is I

958
00:58:41,200 --> 00:58:43,800
Speaker 1: think sobering to me as a political scientist, could think

959
00:58:43,840 --> 00:58:47,280
Speaker 1: back to the fact it takes something like this potentially

960
00:58:47,360 --> 00:58:49,280
Speaker 1: if they do reach a deal, which is a big if,

961
00:58:49,840 --> 00:58:52,400
Speaker 1: to make them come to an agreement. I think as

962
00:58:52,520 --> 00:58:56,280
Speaker 1: part of the frustration so many Americans feel with Washington,

963
00:58:56,360 --> 00:58:59,720
Speaker 1: d C. And I think rightly so. And just headline

964
00:58:59,760 --> 00:59:01,920
Speaker 1: cross in the Bloomberg terminal from the New York Times,

965
00:59:02,080 --> 00:59:05,560
Speaker 1: Joe Biden is taking down negative ads and keeping all

966
00:59:05,600 --> 00:59:10,560
Speaker 1: positive ads. Uh, as of now and UH Bloomberg matching

967
00:59:10,600 --> 00:59:15,800
Speaker 1: that Joe Biden pulling negative ads. UH as this continues

968
00:59:16,480 --> 00:59:19,840
Speaker 1: on the eco front, US stock slumps and volatile trading

969
00:59:19,880 --> 00:59:22,800
Speaker 1: as investors wighe the implications of President Trump's positive test

970
00:59:22,840 --> 00:59:26,120
Speaker 1: for the coronavirus along with renewed efforts to forge agreement

971
00:59:26,200 --> 00:59:29,200
Speaker 1: on fiscal stimulus. Jenny, you just captured it. I mean

972
00:59:29,280 --> 00:59:34,920
Speaker 1: this dialogue between the c suite, Wall Street and Washington

973
00:59:35,480 --> 00:59:37,800
Speaker 1: in terms of the job losses, in terms of the

974
00:59:38,160 --> 00:59:41,320
Speaker 1: economic health of the country of the economy. Take a

975
00:59:41,360 --> 00:59:44,040
Speaker 1: listen to Senate Majority Leader Mitch McConnell speaking in Kentucky

976
00:59:44,280 --> 00:59:47,280
Speaker 1: and the four pm Eastern hour at a press conference.

977
00:59:47,280 --> 00:59:49,960
Speaker 1: Here is I'm trying to figure out here whether I

978
00:59:49,960 --> 00:59:54,560
Speaker 1: should predict another bill quickly or not. But the talks

979
00:59:54,720 --> 00:59:58,640
Speaker 1: have speeded up, and that just to reset with Senate

980
00:59:58,680 --> 01:00:02,160
Speaker 1: Majority Leader Mitch McConnell UH saying that the fiscal stimulus

981
01:00:02,240 --> 01:00:04,800
Speaker 1: talks have reset. Jeanie Sanders with me I own, a

982
01:00:04,880 --> 01:00:08,640
Speaker 1: college professor and Bloomberg Politics contributor, and Matti Duppler, founder

983
01:00:08,640 --> 01:00:11,880
Speaker 1: of Forward Strategy, senior fellow at the National Taxpayers Union,

984
01:00:11,880 --> 01:00:15,560
Speaker 1: and former Coalitions director for the House Republican Conference. I'm

985
01:00:15,640 --> 01:00:18,600
Speaker 1: Kevin Cerilli. I'm the chief Washington correspondent from Bloomberg Television

986
01:00:18,880 --> 01:00:23,320
Speaker 1: and for Bloomberg Radio New Developments tonight as President Trump

987
01:00:23,400 --> 01:00:26,240
Speaker 1: is going to work from the offices at Walter Read

988
01:00:26,680 --> 01:00:29,920
Speaker 1: for the next few days. Walter Read National Military Medical

989
01:00:29,960 --> 01:00:33,960
Speaker 1: Center named after Walter Reid, who was a famous scientist

990
01:00:34,280 --> 01:00:37,600
Speaker 1: who researched the yellow fever. And of course this is

991
01:00:37,640 --> 01:00:42,680
Speaker 1: the site the military hospital site UH that several presidents

992
01:00:42,800 --> 01:00:46,440
Speaker 1: including UH several presidents have been treated at over the

993
01:00:46,480 --> 01:00:50,040
Speaker 1: past several decades. Again, the President, this, according to a

994
01:00:50,040 --> 01:00:53,120
Speaker 1: statement from White House Press Secretary Kaylee mckinnetney, is going

995
01:00:53,160 --> 01:00:56,480
Speaker 1: to be working from the offices at Walter Read for

996
01:00:56,560 --> 01:01:00,400
Speaker 1: the next few days. We got a statement for White

997
01:01:00,440 --> 01:01:05,560
Speaker 1: House from the White House doctor, physician Sean Connolly, that

998
01:01:05,720 --> 01:01:08,760
Speaker 1: said that he is in good spirits and being treated

999
01:01:08,800 --> 01:01:14,320
Speaker 1: with an antibody cocktail, the Regeneron Pharmaceuticals INC antibody cocktail

1000
01:01:15,000 --> 01:01:18,720
Speaker 1: he has following PCR confirmation of the President's diagnosis and

1001
01:01:18,760 --> 01:01:22,480
Speaker 1: as a precautionary measure, he received a single eight graham

1002
01:01:22,520 --> 01:01:27,880
Speaker 1: dose of Regenerations polyclonal antibody cocktail. Sean Connolly, the White

1003
01:01:27,880 --> 01:01:32,200
Speaker 1: House physician, wrote in a statement Matti Doubler on a

1004
01:01:32,320 --> 01:01:35,960
Speaker 1: day in which there was disappointing jobs report, six hundred

1005
01:01:36,240 --> 01:01:38,520
Speaker 1: and sixty one thousand jobs out of the U S

1006
01:01:38,600 --> 01:01:43,400
Speaker 1: economy last month, unemployment at seven point nine percent. This

1007
01:01:43,640 --> 01:01:46,280
Speaker 1: fear that some of these job losses are going to

1008
01:01:46,320 --> 01:01:50,280
Speaker 1: be made permanent, This fear, this economic angst, this economic

1009
01:01:50,680 --> 01:01:54,280
Speaker 1: uncertainty as it relates to the developments of companies like

1010
01:01:54,360 --> 01:01:58,520
Speaker 1: Disney laying off tens of thousands UH, the airline industries

1011
01:01:58,880 --> 01:02:01,160
Speaker 1: having to do layoffs and whatnot, and the fear that

1012
01:02:01,240 --> 01:02:04,760
Speaker 1: Moore is on the way. The economic health and the

1013
01:02:04,760 --> 01:02:08,600
Speaker 1: commander in chief's health now coupled just thirty some days

1014
01:02:08,640 --> 01:02:12,760
Speaker 1: out from election day, Mattie, Yeah, And September was always

1015
01:02:12,760 --> 01:02:15,120
Speaker 1: going to be a rough month, Kevin, because we've got

1016
01:02:15,240 --> 01:02:19,080
Speaker 1: really the intersection of all of the levers that are

1017
01:02:19,200 --> 01:02:22,280
Speaker 1: are operating the economy. We've got colder weather coming and

1018
01:02:22,320 --> 01:02:24,400
Speaker 1: most of the country September is falling, know n DC,

1019
01:02:24,560 --> 01:02:25,840
Speaker 1: we get some hot days and the rest of the

1020
01:02:25,840 --> 01:02:29,120
Speaker 1: country is fall It's getting cooler, um and that's obviously

1021
01:02:29,160 --> 01:02:31,480
Speaker 1: that prohibits us from doing the things that have allowed

1022
01:02:31,520 --> 01:02:34,080
Speaker 1: for more commercial activity to happen, like dining outdoors that's

1023
01:02:34,080 --> 01:02:36,400
Speaker 1: gonna start getting closed down. We also don't know how

1024
01:02:36,400 --> 01:02:37,960
Speaker 1: the virus is going to behave when white we're get

1025
01:02:37,960 --> 01:02:40,240
Speaker 1: a little bit cooler, that's a concern. But in addition

1026
01:02:40,280 --> 01:02:42,360
Speaker 1: to that, the things we've talked about already airline support

1027
01:02:42,440 --> 01:02:45,640
Speaker 1: running out, hey roll protection program, the SBA authority for

1028
01:02:45,680 --> 01:02:48,480
Speaker 1: that expired, and of course we haven't had extended unemployment

1029
01:02:48,520 --> 01:02:51,560
Speaker 1: benefits since in the July as Junie mentioned, that's really

1030
01:02:52,040 --> 01:02:54,960
Speaker 1: all combusting at one point. So frankly, it is not

1031
01:02:55,040 --> 01:02:57,760
Speaker 1: surprising that we saw miss on the September job numbers.

1032
01:02:58,120 --> 01:03:00,840
Speaker 1: Uh And now with the September numbers coming in at

1033
01:03:00,880 --> 01:03:06,240
Speaker 1: sixty one, we've fallen below a one million job edition

1034
01:03:06,440 --> 01:03:09,080
Speaker 1: every month since we start coming out of this hole

1035
01:03:09,560 --> 01:03:12,120
Speaker 1: in May of this year. So what that means now

1036
01:03:12,280 --> 01:03:15,200
Speaker 1: is the longer and more latent we go without being

1037
01:03:15,200 --> 01:03:17,680
Speaker 1: able to add back those jobs, the longer and more

1038
01:03:17,720 --> 01:03:19,920
Speaker 1: difficult the recovery is. Because what we see on the

1039
01:03:19,920 --> 01:03:22,680
Speaker 1: other side of that equation is more people coming off

1040
01:03:22,680 --> 01:03:25,040
Speaker 1: of temporary furlough, but rather than going back to work,

1041
01:03:25,320 --> 01:03:29,320
Speaker 1: they're falling into permanent unemployment, which is a really, really

1042
01:03:29,400 --> 01:03:33,480
Speaker 1: challenging situation to be in. Um all of that uncertainty

1043
01:03:33,800 --> 01:03:37,440
Speaker 1: really is the biggest challenge the economy right now. Employers

1044
01:03:37,440 --> 01:03:39,080
Speaker 1: don't know what's ahead for them in the in the

1045
01:03:39,080 --> 01:03:41,560
Speaker 1: public health space in these colder months. They also don't

1046
01:03:41,600 --> 01:03:43,160
Speaker 1: know what the head for them in terms of certainty.

1047
01:03:43,160 --> 01:03:45,120
Speaker 1: There's no more lending authorities from the s b A,

1048
01:03:45,240 --> 01:03:47,960
Speaker 1: there's no signal being sent from Congress that they're going

1049
01:03:48,000 --> 01:03:50,360
Speaker 1: to they're gonna have small businesses back. You know, Airlines

1050
01:03:50,400 --> 01:03:53,040
Speaker 1: are kind of the exception here with members of Congress

1051
01:03:53,080 --> 01:03:55,320
Speaker 1: thing we're we're going to support you, but all other

1052
01:03:55,400 --> 01:03:58,200
Speaker 1: industries are also looking and saying, well, listen, we don't

1053
01:03:58,200 --> 01:03:59,640
Speaker 1: know how long we can make it if things aren't

1054
01:03:59,640 --> 01:04:01,479
Speaker 1: going in our turned to normal either. And of course

1055
01:04:01,520 --> 01:04:03,960
Speaker 1: having a political election I missed all of this doesn't

1056
01:04:04,000 --> 01:04:06,720
Speaker 1: create more certainty for any of those uh, any of

1057
01:04:06,720 --> 01:04:11,160
Speaker 1: those characters operating right now. It's it's it's really, Maddie,

1058
01:04:11,280 --> 01:04:13,240
Speaker 1: you just you did just such a great job. They're

1059
01:04:13,440 --> 01:04:16,840
Speaker 1: just setting the stage in the and the the backdrop

1060
01:04:16,880 --> 01:04:21,120
Speaker 1: of the economic moment and just really how the nation's

1061
01:04:21,320 --> 01:04:24,880
Speaker 1: economic health and the president's health now at the at

1062
01:04:24,880 --> 01:04:28,960
Speaker 1: the forefront of not just America's national conversation, but also

1063
01:04:29,040 --> 01:04:33,080
Speaker 1: the global conversation. Jeanie's is also with me, who has

1064
01:04:33,120 --> 01:04:36,280
Speaker 1: just been excellent in terms of as a political scientist,

1065
01:04:36,440 --> 01:04:43,160
Speaker 1: really describing a precise scientific, political political moment that we

1066
01:04:43,240 --> 01:04:45,560
Speaker 1: find ourselves in. And again we just got this headline

1067
01:04:45,720 --> 01:04:48,440
Speaker 1: that Joe Biden is pulling negative ads as a result

1068
01:04:48,480 --> 01:04:50,560
Speaker 1: of the developments. As President Trump now is set to

1069
01:04:50,600 --> 01:04:53,520
Speaker 1: work from the offices at Walter Read for the next

1070
01:04:53,560 --> 01:04:57,600
Speaker 1: few days UH and is receiving treatment for COVID nine team.

1071
01:04:57,640 --> 01:05:00,800
Speaker 1: There's also a national security element he year, and this

1072
01:05:00,840 --> 01:05:05,240
Speaker 1: is where political symbolism, Political symbolism really matters, not just

1073
01:05:05,880 --> 01:05:09,440
Speaker 1: thirty plus days out from a presidential election, from Senate elections,

1074
01:05:09,440 --> 01:05:14,280
Speaker 1: from congressional elections, from a national security standpoint, about the

1075
01:05:14,320 --> 01:05:19,880
Speaker 1: images of a commander in chief being working from Walter

1076
01:05:20,080 --> 01:05:24,000
Speaker 1: Reed Medical Facility. This is a facility UH that was

1077
01:05:24,600 --> 01:05:29,240
Speaker 1: opened in November of nineteen forty and Franklin Delano Roosevelt

1078
01:05:29,560 --> 01:05:34,640
Speaker 1: selected the hospital, UH and virtually every president since has

1079
01:05:34,640 --> 01:05:39,439
Speaker 1: been treated at at Walter at Walter Reid. And so

1080
01:05:39,720 --> 01:05:43,320
Speaker 1: from a national security standpoint, and Maddie and Genie, I mean,

1081
01:05:43,360 --> 01:05:45,640
Speaker 1: I know you both have experienced with this just from

1082
01:05:45,680 --> 01:05:50,160
Speaker 1: the symbolic nature, Genie is no political scientists of how

1083
01:05:50,280 --> 01:05:54,560
Speaker 1: our allies and how our adversaries are going to be

1084
01:05:54,720 --> 01:05:58,760
Speaker 1: looking at this and the importance of the images that

1085
01:05:58,760 --> 01:06:01,800
Speaker 1: are going to be projected it from Washington, d C.

1086
01:06:02,040 --> 01:06:05,840
Speaker 1: From President Trump. Put that into perspective for US JET

1087
01:06:07,640 --> 01:06:09,680
Speaker 1: and I want to say that I'm I was very

1088
01:06:09,720 --> 01:06:12,320
Speaker 1: happy to hear your report about Joe Biden pulling any

1089
01:06:12,360 --> 01:06:14,600
Speaker 1: negative advertising. I think that's the right thing for the

1090
01:06:14,640 --> 01:06:17,480
Speaker 1: campaign to do. And in terms of how this looks,

1091
01:06:17,520 --> 01:06:20,920
Speaker 1: you know, around the world, there were reports and I

1092
01:06:21,800 --> 01:06:24,520
Speaker 1: heard these reports. I've not seen this myself, that China

1093
01:06:24,640 --> 01:06:31,000
Speaker 1: state media, for instance, was mocking the president's um, you know,

1094
01:06:31,760 --> 01:06:35,200
Speaker 1: diagnosis to a certain extent on state media. Not a

1095
01:06:35,240 --> 01:06:38,720
Speaker 1: big surprise, but I do think it's sort of indicative

1096
01:06:38,880 --> 01:06:42,959
Speaker 1: of what, you know, the concern is um that this

1097
01:06:43,080 --> 01:06:46,160
Speaker 1: is um any time you see a president who falls

1098
01:06:46,240 --> 01:06:51,400
Speaker 1: ill unfortunately or you know, as as we see President Trump,

1099
01:06:51,440 --> 01:06:53,600
Speaker 1: but you know, we hope mild symptoms that have to

1100
01:06:53,600 --> 01:06:57,280
Speaker 1: go to Walter Reid that these are times at which

1101
01:06:57,360 --> 01:06:59,840
Speaker 1: it's not only about the person, but it is a

1102
01:07:00,000 --> 01:07:03,480
Speaker 1: out the person who represents the United States and of

1103
01:07:03,520 --> 01:07:06,480
Speaker 1: course that makes all of us feel incredibly and are

1104
01:07:06,520 --> 01:07:09,280
Speaker 1: incredibly vulnerable. And I just I want to I want

1105
01:07:09,280 --> 01:07:10,680
Speaker 1: to jump in here because we have a new development,

1106
01:07:10,680 --> 01:07:12,800
Speaker 1: and I just I want to read the headlines. Uh.

1107
01:07:12,840 --> 01:07:14,960
Speaker 1: There is not going to be a transfer of power,

1108
01:07:15,360 --> 01:07:18,360
Speaker 1: no transfer of power while the President is working from

1109
01:07:18,400 --> 01:07:21,000
Speaker 1: Walter Reid for the next few days. This according to

1110
01:07:21,040 --> 01:07:23,560
Speaker 1: the White House, uh, telling our our White House team.

1111
01:07:23,840 --> 01:07:26,720
Speaker 1: Uh so, so he's going to be working. I mean

1112
01:07:26,760 --> 01:07:29,440
Speaker 1: that that's the the takeaway here. Uh. And Jennie, I

1113
01:07:29,720 --> 01:07:32,720
Speaker 1: interrupted you in thirty seconds, give me your final thoughts,

1114
01:07:32,760 --> 01:07:34,840
Speaker 1: and Maddie, I want to get your final thoughts as well.

1115
01:07:34,880 --> 01:07:37,320
Speaker 1: Go ahead, Jennie, Well, I mean my final thoughts are

1116
01:07:37,360 --> 01:07:39,600
Speaker 1: with the President, the first lady, thrilled that Baron has

1117
01:07:39,720 --> 01:07:43,800
Speaker 1: tested negative, and hopefully everybody impacted recovers quickly and they

1118
01:07:43,800 --> 01:07:46,680
Speaker 1: get this bill done in Congress. That is my final thought.

1119
01:07:46,960 --> 01:07:50,040
Speaker 1: Jennie's a know, I own a college professor and Bloomberg

1120
01:07:50,080 --> 01:07:53,240
Speaker 1: Politics contributor. I believe we actually might have a couple

1121
01:07:53,240 --> 01:07:55,840
Speaker 1: of more minutes, So I apologize. You could have could

1122
01:07:55,840 --> 01:07:59,480
Speaker 1: have gone a little longer, Maddie Doppler. In terms of today,

1123
01:07:59,520 --> 01:08:02,760
Speaker 1: I mean you've worked in every facet in this town.

1124
01:08:03,320 --> 01:08:05,640
Speaker 1: You know, you've been on capital to put in perspective,

1125
01:08:05,720 --> 01:08:07,560
Speaker 1: not on a personal note, but almost put on your

1126
01:08:07,600 --> 01:08:12,880
Speaker 1: reporter hat for me, just how Washington on every level

1127
01:08:13,720 --> 01:08:16,640
Speaker 1: woke up to I mean just got through today and

1128
01:08:16,720 --> 01:08:18,760
Speaker 1: all of this dizzy news and the impact that it's

1129
01:08:18,800 --> 01:08:23,720
Speaker 1: had on the employees of Washington, d C. Regardless of

1130
01:08:23,880 --> 01:08:27,080
Speaker 1: who they are, what level they are, and where they work,

1131
01:08:27,280 --> 01:08:30,559
Speaker 1: or or their political stripes. Yeah, you know have a

1132
01:08:30,600 --> 01:08:33,000
Speaker 1: part of the criticism, which I think is fair of

1133
01:08:33,080 --> 01:08:35,320
Speaker 1: all of us Moss dwellers, is that we don't get

1134
01:08:35,320 --> 01:08:37,200
Speaker 1: it right. Like we don't We only see things through

1135
01:08:37,200 --> 01:08:39,879
Speaker 1: a political prism, and so when something like this happens,

1136
01:08:39,920 --> 01:08:43,400
Speaker 1: which not only humanizes the president but exposes all of

1137
01:08:43,479 --> 01:08:46,400
Speaker 1: us inside the Beltway to these debates that some of

1138
01:08:46,479 --> 01:08:48,760
Speaker 1: us have only been having kind of in the hypothetical

1139
01:08:48,800 --> 01:08:52,920
Speaker 1: realm um, I think you know for that, in that instance,

1140
01:08:53,120 --> 01:08:55,519
Speaker 1: it requires all of us to remember why we started

1141
01:08:55,520 --> 01:08:57,280
Speaker 1: doing this work to begin with, and that can have

1142
01:08:57,320 --> 01:09:00,160
Speaker 1: a very profound impact, right, that can help people all

1143
01:09:01,000 --> 01:09:04,200
Speaker 1: zone in on the importance of the right public policy

1144
01:09:04,240 --> 01:09:07,160
Speaker 1: at the right time and providing leadership in the moments

1145
01:09:07,160 --> 01:09:11,280
Speaker 1: of crisis, which sometimes the politics tends to overtake. So

1146
01:09:11,280 --> 01:09:14,320
Speaker 1: if there's anything that can be gleaned from this moment,

1147
01:09:14,360 --> 01:09:17,320
Speaker 1: if there's anything that we can understand moving forward about

1148
01:09:17,320 --> 01:09:20,960
Speaker 1: how important it is to really acknowledge our circumstances, I

1149
01:09:21,000 --> 01:09:23,559
Speaker 1: hope that's that. I hope it's that the people who

1150
01:09:23,600 --> 01:09:25,519
Speaker 1: are in charge of getting fiscal stimulants done on the

1151
01:09:25,600 --> 01:09:28,840
Speaker 1: Hill really realign with their values and their priorities, which

1152
01:09:28,880 --> 01:09:31,120
Speaker 1: is serving the American people who sent them there with

1153
01:09:31,120 --> 01:09:33,760
Speaker 1: a responsibility to provide and care for them. And I

1154
01:09:33,800 --> 01:09:36,000
Speaker 1: hope that, you know, even though this is happening amongst

1155
01:09:36,040 --> 01:09:39,799
Speaker 1: a presidential election, which is a difficult time for the country,

1156
01:09:39,840 --> 01:09:42,599
Speaker 1: to really put aside their differences and talk about things,

1157
01:09:42,800 --> 01:09:45,599
Speaker 1: talk about the things that make us more similar than different.

1158
01:09:46,240 --> 01:09:48,120
Speaker 1: This would be a good example of how we can

1159
01:09:48,160 --> 01:09:51,280
Speaker 1: all understand we're fighting the same battle here, and it's

1160
01:09:51,320 --> 01:09:54,599
Speaker 1: against a faithless adversary. It's not against another political party,

1161
01:09:54,600 --> 01:09:57,439
Speaker 1: it's not against another person. We are all in very

1162
01:09:57,520 --> 01:10:00,600
Speaker 1: challenging circumstances here, and so you know, we don't the

1163
01:10:01,400 --> 01:10:04,040
Speaker 1: show a positive note. If there's something positive to be

1164
01:10:04,080 --> 01:10:05,920
Speaker 1: gleaned here that we can all do better with that

1165
01:10:07,080 --> 01:10:09,559
Speaker 1: we all try to do. Joe Biden tweeting out just

1166
01:10:09,680 --> 01:10:13,640
Speaker 1: moments ago, quote, this cannot be a partisan moment. It

1167
01:10:13,760 --> 01:10:16,759
Speaker 1: must be an American moment. We have to come together

1168
01:10:17,360 --> 01:10:21,280
Speaker 1: as a nation ud quote that according to Democratic presidential

1169
01:10:21,320 --> 01:10:24,400
Speaker 1: nominee Joe Biden, it's an inflection point, Maddie, That's what

1170
01:10:24,439 --> 01:10:27,400
Speaker 1: I'm hearing. It's an inflection point. It's a crossroads. And

1171
01:10:27,479 --> 01:10:29,960
Speaker 1: not just in terms of fiscal stimulus, not just in

1172
01:10:30,040 --> 01:10:33,040
Speaker 1: terms of fiscal stimulus talks genes, they know, but maybe

1173
01:10:33,040 --> 01:10:37,200
Speaker 1: something deeper. Yeah. Absolutely, And I think the tone of

1174
01:10:37,760 --> 01:10:40,479
Speaker 1: of Joe Biden's comments are right, and I think, you know,

1175
01:10:40,520 --> 01:10:43,840
Speaker 1: Maddie is absolutely right that you know, in the best

1176
01:10:43,880 --> 01:10:47,160
Speaker 1: case scenario, that this becomes a moment where we move

1177
01:10:47,240 --> 01:10:49,800
Speaker 1: forward in a positive direction. My concern is we are

1178
01:10:49,840 --> 01:10:53,439
Speaker 1: thirty days out of a very contentious election, and of course,

1179
01:10:53,680 --> 01:10:56,600
Speaker 1: you know that is color so much of what goes on,

1180
01:10:56,720 --> 01:10:59,439
Speaker 1: and not just in Washington, but around the country as

1181
01:10:59,479 --> 01:11:02,799
Speaker 1: we battle for everything from the presidency to the control

1182
01:11:02,800 --> 01:11:05,320
Speaker 1: of the Senate, to the Supreme Court and everything else.

1183
01:11:05,360 --> 01:11:08,679
Speaker 1: So you know, we are at a very precarious moment

1184
01:11:08,760 --> 01:11:12,320
Speaker 1: in that respect, and of course most importantly everybody's health

1185
01:11:12,360 --> 01:11:15,240
Speaker 1: and security. All Right, My thanks to Mattie Uppler, founder

1186
01:11:15,280 --> 01:11:18,639
Speaker 1: of Forward Strategy, senior fellow at the National Taxpayers Union,

1187
01:11:18,720 --> 01:11:22,120
Speaker 1: and former Coalitions director for the House Republican Conference breaking

1188
01:11:22,120 --> 01:11:26,120
Speaker 1: down an inflection point on the nation's economic health and

1189
01:11:26,160 --> 01:11:28,360
Speaker 1: the president of the United States health, as well as

1190
01:11:28,400 --> 01:11:31,080
Speaker 1: to Jeanie's you Know I own, a college professor and

1191
01:11:31,240 --> 01:11:35,880
Speaker 1: Bloomberg Politics contributor, offered dissecting all of the different ways

1192
01:11:36,000 --> 01:11:39,800
Speaker 1: the policy, the politics of what this means in particular

1193
01:11:40,439 --> 01:11:43,160
Speaker 1: for for the race. And by the way, that vice

1194
01:11:43,160 --> 01:11:46,080
Speaker 1: presidential debate is still scheduled according to the Debate Commission,

1195
01:11:46,240 --> 01:11:48,799
Speaker 1: for next week in Salt Lake City. Both Vice President

1196
01:11:48,840 --> 01:11:52,400
Speaker 1: Mike Pence as well as vice presidential Democratic Vice presidential

1197
01:11:52,439 --> 01:11:57,600
Speaker 1: nominee Kamala Harris testing negative. For COVID Night Team, my

1198
01:11:57,680 --> 01:12:00,000
Speaker 1: name is Kevin Curreli. I'm the chief Washington correspondent from

1199
01:12:00,000 --> 01:12:02,720
Speaker 1: Bomberg Television and from Bloomberg Radio, and coming up we'll

1200
01:12:02,720 --> 01:12:05,559
Speaker 1: have special coverage with our very own David Weston as

1201
01:12:05,560 --> 01:12:09,200
Speaker 1: we continue to report upon the developments. President Trump is

1202
01:12:09,200 --> 01:12:12,519
Speaker 1: in good spirits after his COVID nineteen diagnosis. He has

1203
01:12:12,560 --> 01:12:16,160
Speaker 1: received over general on pharmaceuticals antibody cocktail, and he will

1204
01:12:16,200 --> 01:12:19,280
Speaker 1: be working from Walter Reed for that least the next

1205
01:12:19,400 --> 01:12:22,760
Speaker 1: few days. This according to White House officials. Thanks for

1206
01:12:22,800 --> 01:12:23,880
Speaker 1: listening to Bloomberg.