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Speaker 1: Why from our nation's camera. 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 insides. 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 duct teams.

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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 fm

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Speaker 1: h D two US and China postponing weekend trade talks,

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Speaker 1: The latest on the geopolitical fallout, plus an exclusive interview

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Speaker 1: at Jared Kushner and a conversation with Senator Chris Coons,

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Speaker 1: the Democrat from Delaware, on the United States Postal Service,

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Speaker 1: and what the heck is the latest up there on

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Speaker 1: that impass on Capitol Hill. We made it to Friday, folks,

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Speaker 1: We're gonna cover every angle US China. We're gonna saw

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Speaker 1: talk about the impass up there on a Capitol Hill.

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Speaker 1: But first, an exclusive interview with Jared Kushner. About how

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Speaker 1: that Israel you A deal came together. Take a listen

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Speaker 1: to what he told me yesterday. It was really a

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Speaker 1: historic day and it was an honor for me to

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Speaker 1: be a part of such a momentous breakthrough. It was

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Speaker 1: the first peace agreement that we were able to see

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Speaker 1: in the last twenty six years. The last agreement we

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Speaker 1: saw in the Middle East was between Israel and Jordan,

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Speaker 1: and we've had a lot of problems in the Middle

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Speaker 1: East since then. So President Trump's leadership, he outlined the

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Speaker 1: vision for what he wanted to see kings in the

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Speaker 1: region between between two thousand and seventeen and today, and

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Speaker 1: the hard work over the last three and a half

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Speaker 1: years helped bring this forward. So I do think that

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Speaker 1: this will change the paradigm. People in the Middle East

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Speaker 1: were very resigned to the fact that things were not

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Speaker 1: going to change. Everyone was very able to tell you

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Speaker 1: what the problems were, but nobody was able to find solutions.

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Speaker 1: What President Trump came in as he brought fresh approach.

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Speaker 1: He re established the alliances UH and re strengthened the

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Speaker 1: alliance with Israel and you AE and Egypt and Warden

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Speaker 1: and everyone throughout the region. And by taking a very serious,

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Speaker 1: no nonsense approach to deal making. President Trump was able

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Speaker 1: to make a breakthrough that nobody's been able to make

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Speaker 1: before you A officials have said their phones essentially, I

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Speaker 1: have been ringing off the hook in terms of back

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Speaker 1: channel talks and whatnot. I'm curious have you spoken with

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Speaker 1: MBS with since this has been announced? And do you

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Speaker 1: think and I know you're not going to broadcast here,

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Speaker 1: but do you think other Arab states could follow suit

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Speaker 1: here like the Saudist? Do you want me not to

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Speaker 1: break news on your I would love if you broken up.

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Speaker 1: So one of the great things we did yesterday is

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Speaker 1: we were able to keep it a secret and uh,

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Speaker 1: the President's tweet is really what broke the news and

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Speaker 1: people were surprised at a deal of this historic magnitude

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Speaker 1: was able to stay quiet. We've built a lot of

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Speaker 1: trust with people in the region. We have tons of

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Speaker 1: discussions with people ongoing we've had for the last year's

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Speaker 1: and people are very very positive. I think the press

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Speaker 1: in the region has been quite positive. People are seeing

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Speaker 1: that that the Crown Prince Mohammed Banzai, it's that really

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Speaker 1: was a historic stepping forward. He's always been a leader

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Speaker 1: in that region, and a lot of people want to

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Speaker 1: come very close hind him because they realized that by

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Speaker 1: taking this step, he will make the region more secure,

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Speaker 1: more economically prosperous, and it also will help the Palestinian

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Speaker 1: people in the long run. Have they agreed to purchase

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Speaker 1: new military weapons from the United States like drones for example,

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Speaker 1: or can you give us anything about the purchases that

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Speaker 1: they will make them the US. Yeah. So we have

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Speaker 1: an ongoing relationship with the United Arab em Rights as

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Speaker 1: well as with Israel. For a long time, they're one

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Speaker 1: of our closest military partners, and so there's always ongoing

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Speaker 1: discussions about how we can strengthen the relationship, create more

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Speaker 1: interoperability between our forces. And obviously there's the common enemy

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Speaker 1: not coming any but you have a Ran right now

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Speaker 1: who's been threatening you, a even threatening Israel and threatening

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Speaker 1: America and then funding a lot of the proxies fighters

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Speaker 1: that are causing instability throughout the regions. So security has

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Speaker 1: never been more important, and we're always in discussions with

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Speaker 1: our allies about how we can continue to advance and

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Speaker 1: make progress to make sure that the region can become safe.

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Speaker 1: But the last time we spoke it was following the

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Speaker 1: announcement of the Middle East peace proposal from this administration

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Speaker 1: Asian and one of the items outlined in there is

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Speaker 1: the two States solution. Prime Minister net and Yah who

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Speaker 1: says that he will not have annexation in the Western

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Speaker 1: Bank for the time being. How crucial of a will

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Speaker 1: this deal unravel? Should Prime Minister net and Yahoo ultimately

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Speaker 1: in the longer term pursue annexation. The Prime Minister Nintenia

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Speaker 1: was a visionary leader. He's very tough. He understands what's

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Speaker 1: important to the Israeli people, but most importantly, he understands

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Speaker 1: what's critical to his reel security and Israel's economy. And

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Speaker 1: so right now he believes that it's much more important

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Speaker 1: to strengthen the relationship with the United Arab Emorans and

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Speaker 1: other regional Arab countries. Have to figure out how we

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Speaker 1: can create that that cross pollination between the populations, and

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Speaker 1: by doing that, I think that he'll see they'll make

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Speaker 1: Israel Israeli safer. So when he gives his word on something,

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Speaker 1: I take his word. The other week, I was speaking

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Speaker 1: with Jason Greenblatt, a previous administration official here at the

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Speaker 1: White House, and he noted that there had been some optimism,

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Speaker 1: some hope in terms of how Palestinians and the Israelis

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Speaker 1: working together on COVID nineteen, not all the way, but

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Speaker 1: some areas, and especially how the economic situation because of

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Speaker 1: the pandemic UH and the medical situation in both Israel

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Speaker 1: and Palestine has forced them to re look at things

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Speaker 1: regarding water, cybersecurity, and technology. However, the Palestinians really denounced

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Speaker 1: this deal. At what point do you have to put

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Speaker 1: additional pressure on Palestine in order to get them to

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Speaker 1: broker that that Israel Palestine deal. We don't want to

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Speaker 1: pressure that the Palestinian people. And and look, I think

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Speaker 1: a lot has changed every twenty five years, right. People

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Speaker 1: have seen that a lot of the approaches haven't work.

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Speaker 1: People want better lives for their children, They want to

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Speaker 1: live in peace, they want security, they want economic opportunity.

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Speaker 1: I think that that's just the natural evolution. People are

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Speaker 1: tired of conflict, tired of war. The Middle Easis had

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Speaker 1: problem after problem after problem. President Trump's come in, He's

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Speaker 1: recognized the realities on the ground, and he's tried to

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Speaker 1: sort them out as we go. And so with regards

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Speaker 1: to the Palestinians. But we did as we laid out

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Speaker 1: a good vision for what could happen. We got Israel

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Speaker 1: to agree to a Palestinian state. We got Israel to

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Speaker 1: agree to potential borders through a map that we published,

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Speaker 1: and we have the and we've created a conference in

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Speaker 1: our rain where the international community came together and endorsed

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Speaker 1: our plan to provide fifty billion dollars over ten years

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Speaker 1: to double their GDP, create a million new jobs, and

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Speaker 1: help them have a better quality of life. So when

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Speaker 1: you see denouncements and disagreements, I think that the people,

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Speaker 1: these really people in the Palestinian people are much closer

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Speaker 1: together than perhaps where the Palestinian leadership is. And so

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Speaker 1: the hope is that over time the Palestinian leadership will

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Speaker 1: see that they have so much more to gain for

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Speaker 1: their people and for their legacies by engaging and resolving

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Speaker 1: these long standing conflicts than by putting out the same

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Speaker 1: tired statements that quite frankly haven't brought progress for their people.

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Speaker 1: I've got two more questions for you. One as it

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Speaker 1: relates to ivan from a geopolitical sense. You know this,

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Speaker 1: Democrats have been campaigning saying that they would rejoin the

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Speaker 1: Iran Deal. Senator Kamala Harris, who of course was named

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Speaker 1: as the running mate to the presumptive nominee, has said

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Speaker 1: she wants to rejoin the Ivan Deal. Democrats say the

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Speaker 1: coalition building is a contrast to the foreign policy strategy

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Speaker 1: of this administration. How important of a role did Iran

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Speaker 1: play and these negotiations and what do you what do you?

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Speaker 1: What's your response to those who argue that the ironzeal

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Speaker 1: would uh would restore some allies. Look, I think that

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Speaker 1: America's Americans are smart, and one of the reasons why

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Speaker 1: people elected Donald Trump is because Americans were tired of

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Speaker 1: their politicians making stupid deals. The Iran Deal was one

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Speaker 1: of the worst deals that any American diplomat had ever made.

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Speaker 1: It put it ran on a glide path to a

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Speaker 1: nuclear weapon. They gave him a hundred and fifty billion dollars,

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Speaker 1: which they used directly to fund terror. And you know,

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Speaker 1: it's not like the next day they said, Okay, America's great,

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Speaker 1: let's work with them. The day they signed the agreement,

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Speaker 1: they were in the streets chanting death to America, Death

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Speaker 1: day Israel. So I'm not sure what that agreement accomplished

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Speaker 1: other than antagonizing everyone all over the world. So it

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Speaker 1: was a terrible deal. America made terrible trade deals. President

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Speaker 1: Trump has changed all that. The American people want to

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Speaker 1: see our troops brought home. President Trump has tried to

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Speaker 1: end the war in Afghanistan and he has already reduced

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Speaker 1: our troops there significantly. He wants to rebuild American cities.

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Speaker 1: He doesn't want to rebuild other nations. And I think

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Speaker 1: that President Trump, as you've seen through this, a lot

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Speaker 1: of the Democrats have attacked him for his diplomacy, He's

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Speaker 1: going to cause war as he's isolating. Well, that hasn't

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Speaker 1: been the case. He was able to play a creative,

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Speaker 1: historic peace agreement yesterday that the previous administration and the

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Speaker 1: administration before we're not able to accomplish. So I think

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Speaker 1: that with President Trump, you have to separate the media

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Speaker 1: and you have to separate the political jostling from what

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Speaker 1: he really does. And what he does is he brings

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Speaker 1: a common sense approach. He's not afraid to say what

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Speaker 1: he thinks, and he brings results, and that's what the

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Speaker 1: American people want. So I would just say this, rejoining

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Speaker 1: the Iran deal on the old terms would be absolutely

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Speaker 1: catastrophic for America. It would be catastrophic for Israel. It

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Speaker 1: would be catastrophic for the whole region because again, what

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Speaker 1: the vision of what a RAM wants to see is

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Speaker 1: not consistent with what's in America's interest. Final question, this

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Speaker 1: Code Act deal temporarily on pause. Are you optimistic that

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Speaker 1: this will get back through or is it is it

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Speaker 1: just gonna end up in a regulatory quagmire. I'm not

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Speaker 1: up to speed on the latest with it, but I

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Speaker 1: know that that they put it on pause and that

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Speaker 1: was the right decision. It was my exclusive interview earlier

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Speaker 1: today with Jared Kushner on all things foreign policy. I

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Speaker 1: gotta be honest, I can talk foreign policy all day.

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Speaker 1: Geopp politics. It's really a fascinating dynamic, especially when you

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Speaker 1: look at what has been going on with Iran and

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Speaker 1: the balance of power in the Middle East. It's it's

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Speaker 1: it's really a fascinating issue. Uh. And just to catch

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Speaker 1: everyone up to speed, the U. S. And China, I'm

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Speaker 1: reading from Jenny Lennon's report on the Bloomberg terminal. The U. S.

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Speaker 1: And China are postponing talks planned for over the weekend

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Speaker 1: that have been aimed at reviewing progress at the six

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Speaker 1: month mark of their Phase one trade agreement. People familiar

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Speaker 1: with the matter set coming up. I check in with

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Speaker 1: Remesh Potter u um Potu. Sorry, he is Bloomberg opinion columnist,

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Speaker 1: senior editor at the National Review, and a visiting fellow

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Speaker 1: at the American Enterprise Institute. Remesh always thrilled to have

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Speaker 1: his insights. He's got a couple of columns. I want

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Speaker 1: to ask him about this use of executive power? Who

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Speaker 1: did more executive power? Obama or Trump? I'm gonna ask him,

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Speaker 1: And what's he think of the vice presidential pick. We'll

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Speaker 1: dive into all of that, plus the latest on Capitol Hill.

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Speaker 1: My name is Kevin Curreli. I'm the chief Washington correspondent.

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Speaker 1: You're listening to Bloomberg. You're listening to Bloomberg. Sound On

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Speaker 1: with Kevin Shirley on Bloomberg and one old five point

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Speaker 1: seven F M H D two. What a week? Sometimes

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Speaker 1: he gets a Friday and you're like, Monday feels like

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Speaker 1: a world away, especially with our gang. Or should I say,

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Speaker 1: are we we're talking about Snoopy in the in the

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Speaker 1: break with Christine Rata Nott. Surely are indefatigable sound on

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Speaker 1: team and Nick Valco running the board. My name is

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Speaker 1: Kevin Curreley. I'm the chief Washington correspondent for Bloomberg Television

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Speaker 1: and for Bloomberg Radio. I hope everybody has a safe, healthy,

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Speaker 1: active gratitude. Phil Old Weekend, Stay cool, hydrate, and keep going.

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Speaker 1: Remesh Panuvu is on the line. He is a Bloomberg

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Speaker 1: opinion columnist, senior editor at the National Review, the Historic

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Speaker 1: National Review, and visiting fellow at the American Enterprise Institute.

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Speaker 1: He's got two columns that I want to talk about. First,

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Speaker 1: I want to talk about executive power. Alright, Remesh. You

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Speaker 1: know I was I was interviewing some senators today, Senator Blackburn,

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Speaker 1: Republican from Tennessee, Senator Chris Coon's, Democrat from Delaware. I'll

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Speaker 1: play the Coon's tape coming on up in the show,

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Speaker 1: and I asked him, I'm like, why is there still

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Speaker 1: an impass and the president obviously how to use executive

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Speaker 1: power on to to to kind of uh kind of

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Speaker 1: make it easier some of the economic pain the folks

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Speaker 1: are going through. And you write in a new Bloomberg

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Speaker 1: Opinion column quote President Barack Obama's creative use of executive

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Speaker 1: of power set a president that President Trump is now exploring.

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Speaker 1: But what kind of precedent will Trump's action sets. The

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Speaker 1: good news for those of us who think that both

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Speaker 1: presidents overstepped their bounds is that Trump's executive actions might

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Speaker 1: not be deft enough to have a lasting effect. What

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Speaker 1: do you mean, Well, you'll notice that President Obama's most

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Speaker 1: criticized executive overreach, which was when he unilaterally put through

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Speaker 1: a kind of amnesty for a lot of illegal immigrants,

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Speaker 1: that's still effectively in place. What President Trump is doing,

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Speaker 1: on the other hand, it's not clear how much of

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Speaker 1: it is going to ever take effect and if so,

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Speaker 1: for how long. So, for example, the payroll tax um

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Speaker 1: suspension of collection that he has put through it maybe

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Speaker 1: and a lot of people are suggesting that most companies

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Speaker 1: are just going to keep collecting those taxes and sending

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Speaker 1: them onto Washington, d C. Anyway, And this is something

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Speaker 1: that's time limited, so that the money still owed in January. Uh,

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Speaker 1: it's a much more it's a much more limited thing,

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Speaker 1: and it's one that really wasn't sort of thought through

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Speaker 1: to make sure that it would last. Okay, I hear

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Speaker 1: you on that. Point. And when I talked to ambassadors,

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Speaker 1: when I talked to folks who deal frequently with the

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Speaker 1: um foreign foreign governments, they say, you know, other governments

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Speaker 1: have the luxury of being able to respond more quickly

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Speaker 1: than the institution of our beloved Congress. And I guess

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Speaker 1: from when you when you look at most notably China

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Speaker 1: and their ability to provide liquidity to emerging markets, their

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Speaker 1: ability to fund their Belt and Road initiative to look

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Speaker 1: into Africa. Clearly, I'm not arguing that they are making

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Speaker 1: um positive deals, but their ability to go so fast

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Speaker 1: does it put the United States at a disadvantage because

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Speaker 1: of the congressional checks and balances that we have in place. Well,

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Speaker 1: I mean it depends, right. So Congress actually did move

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Speaker 1: pretty rapidly with the Cares Act several months ago, and

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Speaker 1: as the Federal Reserve has certainly swung into action. You know,

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Speaker 1: not everything that either institution has done has been perfect.

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Speaker 1: It's you know, given the speed, there's a trade off

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Speaker 1: with how effective and efficient everything is. Um. It's really

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Speaker 1: just the last couple of months that we and even

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Speaker 1: as even more especially the last few weeks, that we've

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Speaker 1: run into a very serious kind of political slowdown, you know.

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Speaker 1: But the worry that you are raising is one that

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Speaker 1: has often been raised in competitions between free democratic systems

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Speaker 1: and more authoritarian governments. It's a sort of contrast that

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Speaker 1: people drew with the Soviet Union back in the day. Um.

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Speaker 1: And I think we've already seen that some of the

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Speaker 1: tradeoffs are undermining China. So for example, I think that

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Speaker 1: they actually didn't get a lot of goodwill in Europe

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Speaker 1: um which they had hoped to get, because some of

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Speaker 1: the masks that they sent were defective. And so what

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Speaker 1: turned what was started out to be a diplomatic who

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Speaker 1: really I think backfired pretty badly on them. So and

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Speaker 1: and and I hear you, and I think it's a

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Speaker 1: fascinating exploration of democracy and the checks and balances on

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Speaker 1: the system maneuvers on the line. He is, of course

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Speaker 1: of Bloomberg opinion column as he is a senior editor

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Speaker 1: at National Review and a visiting fellow at the American

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Speaker 1: Enterprise Institute, as well as a contributor to CBS News.

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Speaker 1: And you know, I look at the the in terms

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Speaker 1: of international finance, and you look at uh sort of

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Speaker 1: the Export Import Bank and the U s A. I

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Speaker 1: D and and and other investment internationally that the United

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Speaker 1: States has tried to more quickly delve into UH to

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Speaker 1: compete with China in Africa, and and and and in

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Speaker 1: emerging markets. But on this issue of the executive power,

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Speaker 1: Senator I believe it was Ben Sass right. Senator Ben

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Speaker 1: sass tweeted out that that he didn't think that that

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Speaker 1: President Trump should be using these executive orders anymore whether

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Speaker 1: there's a Republican or a Democrat in the office. But

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Speaker 1: he's kind of balanced that the president does with the

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Speaker 1: true true sense of urgency that millions of American families

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Speaker 1: are feeling and the economic paralysis that they're feeling as

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Speaker 1: a result of the situation we find ourselves in. Yeah. Well,

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Speaker 1: I mean there's no question that there's that there's a

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Speaker 1: lot of hardship. I'm not sure that that executive the

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Speaker 1: executive actions are actually going to in any serious way

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Speaker 1: amiliorate the hardship that people are going through. I think

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Speaker 1: that they've come up with a way to extend bonus

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Speaker 1: employment insurance checks that probably just isn't going to work,

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Speaker 1: that a lot of states are not going to be

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Speaker 1: able to take advantage of. It's really it's interesting though,

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Speaker 1: because in a way you think this was the kind

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Speaker 1: of thing that is tailor made for compromise. The Democrats

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Speaker 1: want a higher level of unemployment insurance, Republicans want a lower.

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Speaker 1: Republicans want less state and local aid, Democrats want more.

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Speaker 1: I mean that seems like in principle it should be

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Speaker 1: amountable to compromise, you just meet somewhere in the middle.

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Speaker 1: And yet even these sort of obvious compromises are things

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Speaker 1: that today's Washington finds it hard to do. And switching gear,

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Speaker 1: you're right, absolutely, and and and in terms of just

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Speaker 1: how how hard it compromises, and the inability in modern times,

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Speaker 1: both in the Obama years and now in the Trump years,

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Speaker 1: for there to be compromised because there doesn't seem to

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Speaker 1: be a consensus building opportunity for for folks to really

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Speaker 1: drive through is remarkable. Remarkable to say the least. Sorry,

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Speaker 1: we've got about less than two minutes, But I also

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Speaker 1: want to ask you about Senator Kamala Harris, Democrat from California.

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Speaker 1: You say, you write on Bloomberg Opinion Remesh that she's

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Speaker 1: a safe pick. Why, well, you know, there was a

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Speaker 1: really strong pressure that um Joe Biden was going to

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Speaker 1: have to choose a non white woman. Uh. And when

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Speaker 1: you restrict the field that way, you've got a pretty

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Speaker 1: small pool. And what he did was he chose the

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Speaker 1: person with the most elective experience and the highest national profile,

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Speaker 1: somebody who's who's been elected in our biggest state multiple

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Speaker 1: times and could plausibly be president, which some of the

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Speaker 1: other people on his list whatever there are other qualifications,

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Speaker 1: just couldn't. And for that reason, she's a reassuring selection.

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Speaker 1: And I think it is a low risk selection. They

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Speaker 1: abided by the rule first, do no harm. They didn't

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Speaker 1: want to screw it up. They weren't looking, I think, frankly,

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Speaker 1: so much for a big upside because they think they're

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Speaker 1: already ahead, and they are already ahead. We're gonna have

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Speaker 1: to leave it there. Ramesh Panou, thank you so much, sir.

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Speaker 1: It's always great to catch up with you, and I

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Speaker 1: appreciate all that you provide for our show. For Mesh

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Speaker 1: is of course a Bloomberg Opinion of columnists. Go on

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Speaker 1: the Bloomberg terminal to read all of his reports and

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Speaker 1: senior editor at National Review. He's a visiting fellow at

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Speaker 1: a e I and a contributor to CBS News. I'm

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Speaker 1: Kevin Cirelli, chief Washington correspondent for Bloomberg Television and for

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Speaker 1: Bloomberg Radio, and coming up the latest on those budget talks.

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Speaker 1: If you're listening to Bloomberg nine and nine night, my

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Speaker 1: name is Kevin Curreli. I'm the chief Washington correspondent for

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Speaker 1: Bloomberg Television and for Bloomberg Radio. Coming up, we check

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Speaker 1: in with Senator Chris Cohen's a Democrat from Delaware. A

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Speaker 1: wide ranging interview and a rare look from a prominent

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Speaker 1: member of the Upper Chamber about just where Democrats are

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Speaker 1: willing to compromise on the stalled stimulus talks. The Big

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Speaker 1: geopolitical story Tonight, US and China postponing weekend talks on

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Speaker 1: trade deal. Jenny Leonard reports on the Bloomberg terminal. The U.

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Speaker 1: S And China are postponing talks planned for over the

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Speaker 1: weekend that had been aimed at reviewing progress at the

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Speaker 1: six month mark of their Phase one trade agreement. According

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Speaker 1: to people familiar with the matter, Chinese Vice Famer Laha

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Speaker 1: was supposed to hold a video conference call with US

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Speaker 1: Trade Representative Bob Lightheizer and Treasury Secretary Stephen Monution, but

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Speaker 1: it's been rescheduled. Get this, folks, indefinitely. The U S

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Speaker 1: tr S Office didn't immediately respond to a request for comment. Wow,

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Speaker 1: and look the Chinese. They wanted to talk about TikTok,

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Speaker 1: they wanted to talk about we chat, they wanted to

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Speaker 1: talk about ten cents, and they wanted to talk about

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Speaker 1: the larger broader issues here that pertain to the implementation

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Speaker 1: of the US China Phase one trade agreement. Remember that

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Speaker 1: the Chinese had agreed to purchase two hundred billion dollars

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Speaker 1: worth of agricultural products over the next two years. The President,

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Speaker 1: over the last couple of weeks, as we inch closer

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Speaker 1: to November three, has suggested that he's not interested in

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Speaker 1: any type of Phase two talks between now and then.

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Speaker 1: So we set the stage with Frank Massano, a partner

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Speaker 1: at brace Wells Policy Resolution Group. He's the former Press

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Speaker 1: secretary to several Republican lawmakers on Capitol Hill, including Indiana

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Speaker 1: Senator Richard Lugar and David to Fury. He is a

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Speaker 1: former Obama campaign foreign policy advisor. David, I'm gonna remind

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Speaker 1: myself on this Friday to talk slower, and I'm also

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Speaker 1: going to ask you what does it mean that the

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Speaker 1: U S and China of US pooned their weekend trade talks. Well,

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Speaker 1: you're doing great, Kevin. This was a really busy newsweek,

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Speaker 1: so I do feel bad for you have to cover

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Speaker 1: all of this. The China development is very interesting, and

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Speaker 1: it doesn't seem clear why these were delayed. There were

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Speaker 1: a dizzying array of issues that the US and China

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Speaker 1: were set to discuss. You mentioned some of them, including

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Speaker 1: the you know, two hundred billion in products that China

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Speaker 1: was supposed to buy from the US. Of course, there's

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Speaker 1: always going to be intellectual property issues on the agenda.

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Speaker 1: Possibly they were even going to talk about some more

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Speaker 1: political type of things like Hong Kong, and of course

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Speaker 1: the technology companies at President Trump has been complaining about.

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Speaker 1: Any one of those issues could have resulted in some

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Speaker 1: desire by one side or the other to delay, or

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Speaker 1: maybe it's just a COVID nineteen delay which all of

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Speaker 1: us are experiencing. But this isn't good for the economy,

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Speaker 1: and this isn't good for US China relations, and by

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Speaker 1: the way, it's not exactly good for President Trump, who

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Speaker 1: wants to show he's gained some benefits for the US

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Speaker 1: out of this difficult relationship between the US and China

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Speaker 1: before he goes to the polls and voters go to

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Speaker 1: the polls in November, and he doesn't have a lot

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Speaker 1: to brag about, especially with these talks being derailed. I

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Speaker 1: want to follow up because I'm not sure. I mean,

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Speaker 1: when when I talk to sources on the president's reelection campaign, Frank,

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Speaker 1: they don't they view going against China as a political

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Speaker 1: asset right now, at least in the short term. Yeah,

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Speaker 1: I know, I listen. I think that this has been

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Speaker 1: a fit and starts process from the beginning of the

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Speaker 1: Trump presidency. He came in, you know, uh at like

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Speaker 1: a house of fire and and gonna and going to

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Speaker 1: be challenging China. Those guys who helped elect him in

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Speaker 1: Michigan and Pennsylvania in places like that, the guys that

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Speaker 1: we know well, keV because they're from where we're from,

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Speaker 1: you know, they they like that, and they liked this battle,

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Speaker 1: and they liked the ongoing battle. I don't think they

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Speaker 1: get caught up in the details as much. And the

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Speaker 1: details are always going to be messy, right So I

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Speaker 1: don't think it hurts him on the campaign trail because

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Speaker 1: the fact and even wall Street will admit that he

432
00:24:13,640 --> 00:24:17,560
Speaker 1: has taken China on probably more aggressively than any other president,

433
00:24:17,920 --> 00:24:20,479
Speaker 1: and whether he succeeds all the way or not, he

434
00:24:20,520 --> 00:24:24,800
Speaker 1: has made some progress and continues to push forward. You know,

435
00:24:24,960 --> 00:24:28,080
Speaker 1: I look at what he's done with the agriculture piece,

436
00:24:28,640 --> 00:24:31,240
Speaker 1: and you know how that how that will play in

437
00:24:31,280 --> 00:24:34,879
Speaker 1: the Midwest. You know, he's already struggling with the ethanol issue.

438
00:24:34,880 --> 00:24:39,160
Speaker 1: He's struggling now with UH, with the with the duracho

439
00:24:39,240 --> 00:24:41,240
Speaker 1: that hit there and the impact that that's had on

440
00:24:41,280 --> 00:24:45,160
Speaker 1: the corn prices and corn fields. And you know, there

441
00:24:45,160 --> 00:24:48,159
Speaker 1: are many good things he can do in those arenas. Um.

442
00:24:48,160 --> 00:24:50,680
Speaker 1: But you know, one of the big benefits that he

443
00:24:50,760 --> 00:24:54,159
Speaker 1: gets in this China fight is that he's working to

444
00:24:54,200 --> 00:24:56,960
Speaker 1: get their products sold over there. So a lot going on.

445
00:24:57,600 --> 00:25:00,560
Speaker 1: I don't think the details really matter that much as

446
00:25:00,600 --> 00:25:03,960
Speaker 1: long as he looks like he continues to pressure them

447
00:25:04,000 --> 00:25:06,359
Speaker 1: as much as possible. You know, I want to go

448
00:25:06,400 --> 00:25:09,720
Speaker 1: abroad and dive into the policy with David SI Fury,

449
00:25:10,040 --> 00:25:13,800
Speaker 1: who does policy better than anyone. Uh well, of course,

450
00:25:14,240 --> 00:25:18,640
Speaker 1: just like Frank um but um but Senator Kamala Harris,

451
00:25:18,720 --> 00:25:24,000
Speaker 1: Democrat from California, UM David, she had introduced the legislation

452
00:25:24,080 --> 00:25:28,320
Speaker 1: Bipartisan in the Senate a couple of months ago that

453
00:25:28,359 --> 00:25:31,960
Speaker 1: would allow for the United States to go after individuals

454
00:25:32,240 --> 00:25:35,680
Speaker 1: in China who steal US intellectual property. The reason I

455
00:25:35,720 --> 00:25:38,080
Speaker 1: bring it up is because if you start to look

456
00:25:38,080 --> 00:25:41,320
Speaker 1: at the broader policy implications of what a Biden administration

457
00:25:41,359 --> 00:25:44,840
Speaker 1: would do with China, I mean, it's not like they're

458
00:25:44,840 --> 00:25:50,240
Speaker 1: gonna totally reverse course when it relates to to intellectual property.

459
00:25:50,240 --> 00:25:53,360
Speaker 1: I mean this that that portion of this is nonpartisan.

460
00:25:53,400 --> 00:25:56,600
Speaker 1: Am I wrong? No? I agree with you, and I

461
00:25:56,640 --> 00:26:01,000
Speaker 1: agree with you and Frank that the American people support

462
00:26:01,480 --> 00:26:05,919
Speaker 1: a tougher stance against China, and Kamala's uh you know

463
00:26:06,000 --> 00:26:10,720
Speaker 1: bill proposes an interesting way to also try to fix

464
00:26:10,800 --> 00:26:14,440
Speaker 1: this situation with the respect to China stealing our intellectual property.

465
00:26:14,440 --> 00:26:17,480
Speaker 1: You know, in many other ways, the US extends our

466
00:26:17,600 --> 00:26:21,600
Speaker 1: law way far outside of the US to anyone who

467
00:26:21,680 --> 00:26:24,280
Speaker 1: we think is violating US laws we use. We do

468
00:26:24,400 --> 00:26:27,160
Speaker 1: this in terms of human rights and in terms of terrorism.

469
00:26:27,359 --> 00:26:30,960
Speaker 1: So it's sort of a natural extension to use it

470
00:26:31,000 --> 00:26:34,480
Speaker 1: to also go after those who are robbing American businesses

471
00:26:34,480 --> 00:26:38,399
Speaker 1: and stealing intellectual property. I think Biden will continue many

472
00:26:38,640 --> 00:26:44,000
Speaker 1: of the Trump initiatives with respect to China, but perhaps

473
00:26:44,040 --> 00:26:47,159
Speaker 1: hopefully we can hope we'll have some more success, because

474
00:26:47,320 --> 00:26:50,520
Speaker 1: Trump hasn't had that much success. For all the bluster,

475
00:26:51,000 --> 00:26:53,119
Speaker 1: what we really just have is, you know, easing of

476
00:26:53,200 --> 00:26:56,239
Speaker 1: some restrictions, the commitment to buy two hundred billion and

477
00:26:56,280 --> 00:27:00,240
Speaker 1: goods and services from the US, which actually hasn't happened yet,

478
00:27:00,560 --> 00:27:03,840
Speaker 1: and trade talks that have been stalled. And we also

479
00:27:03,880 --> 00:27:07,159
Speaker 1: have Trump capitulating on some very serious political issues. He

480
00:27:07,280 --> 00:27:10,000
Speaker 1: told the President of China was okay to keep building

481
00:27:10,040 --> 00:27:17,439
Speaker 1: up camps for weakers, internment camps. Um, he's pretty and

482
00:27:17,480 --> 00:27:19,520
Speaker 1: we'll talk that. We'll talk about that coming up. Stay

483
00:27:19,600 --> 00:27:22,560
Speaker 1: panel stays David Frank Days Day. I'm Kevin se really

484
00:27:22,800 --> 00:27:24,919
Speaker 1: much more coming up next. You're listening to Bloomberg nine

485
00:27:24,960 --> 00:27:50,680
Speaker 1: and nine one man. I'm My friends were as saying,

486
00:27:51,400 --> 00:27:56,400
Speaker 1: that's the way we have a kid. I love the song.

487
00:27:56,520 --> 00:27:59,199
Speaker 1: My name is Kevin Cereally, I'm the chief Ashington correspondent

488
00:27:59,240 --> 00:28:04,280
Speaker 1: from Bloomberg Television and Bloomberg Radio, John Mayre waiting on

489
00:28:04,320 --> 00:28:09,399
Speaker 1: the world to change. Happy Friday, folks, We did it.

490
00:28:10,160 --> 00:28:14,160
Speaker 1: We did it. Second verse such a good verse. Uh,

491
00:28:14,200 --> 00:28:17,800
Speaker 1: Frank Massano's on the line. That wasn't the second verse,

492
00:28:17,800 --> 00:28:20,040
Speaker 1: that was the first verse. Frank Massano is on the line.

493
00:28:20,040 --> 00:28:22,879
Speaker 1: He's a partner at brace Well's Policy Resolution Group, former

494
00:28:22,880 --> 00:28:26,760
Speaker 1: Press secretary to several Republican lawmakers on Capitol Hill, and

495
00:28:26,880 --> 00:28:31,000
Speaker 1: David's fiery former Obama campaign foreign policy advisor. I want

496
00:28:31,000 --> 00:28:33,240
Speaker 1: to talk stimulus, but David, I wanted to let you

497
00:28:33,280 --> 00:28:38,840
Speaker 1: finish your point about these canceled the US China trade talks. Well,

498
00:28:38,880 --> 00:28:42,800
Speaker 1: the final point I was making is just that Trump

499
00:28:42,840 --> 00:28:46,360
Speaker 1: has not made enough progress on the economic and trade issues.

500
00:28:46,400 --> 00:28:48,520
Speaker 1: An example of that is that now the trade talks

501
00:28:48,520 --> 00:28:51,960
Speaker 1: are stalled again and the two billion in purchases that

502
00:28:52,080 --> 00:28:56,080
Speaker 1: China promised of US goods and services hasn't happened and

503
00:28:56,160 --> 00:29:00,000
Speaker 1: may not happen. But he also has failed on politics,

504
00:29:00,000 --> 00:29:05,200
Speaker 1: going human rights issues with China, encouraged Presidentee to keep

505
00:29:05,240 --> 00:29:09,160
Speaker 1: making and building internment camps for weakers and massive human

506
00:29:09,280 --> 00:29:12,840
Speaker 1: rights atrocity. And also he's failed to really stand up

507
00:29:12,840 --> 00:29:16,080
Speaker 1: for those people in Hong Kong who want democracy and

508
00:29:16,120 --> 00:29:19,960
Speaker 1: want to continue to have their rights and their voting

509
00:29:20,040 --> 00:29:23,720
Speaker 1: rights and to continue to keep that great place for

510
00:29:24,000 --> 00:29:27,160
Speaker 1: trade and economy going, and that is really at risk

511
00:29:27,280 --> 00:29:30,360
Speaker 1: right now in part because America hasn't done more to

512
00:29:30,400 --> 00:29:35,560
Speaker 1: confront China on Hong Kong keV. Let me just add

513
00:29:34,440 --> 00:29:38,520
Speaker 1: I don't disagree with David too much on that, although

514
00:29:38,520 --> 00:29:41,000
Speaker 1: I do think those are tough issues that are going

515
00:29:41,080 --> 00:29:43,640
Speaker 1: to be part of a long battle, and they've been

516
00:29:43,720 --> 00:29:46,920
Speaker 1: tough issues that have been part of this battle for

517
00:29:46,920 --> 00:29:49,640
Speaker 1: for four years now. But you know, Trump really behaves

518
00:29:49,760 --> 00:29:53,760
Speaker 1: more like a Democrat on this issue, in this engagement,

519
00:29:53,760 --> 00:29:56,280
Speaker 1: which gets back to your previous question as to why

520
00:29:56,520 --> 00:30:01,160
Speaker 1: Kamala Harris and many others have all read he have

521
00:30:01,360 --> 00:30:05,640
Speaker 1: similar views. So you don't see him having similar views

522
00:30:05,680 --> 00:30:09,800
Speaker 1: to the business Republican business types and the Chamber of

523
00:30:09,840 --> 00:30:13,600
Speaker 1: Commerce uh In in engaging China um and so that's

524
00:30:13,600 --> 00:30:16,680
Speaker 1: why I think you'll see, you know, and and and

525
00:30:17,360 --> 00:30:20,800
Speaker 1: there's always more progress that needs to be made with China.

526
00:30:20,920 --> 00:30:24,160
Speaker 1: And I think no matter who wins the selection coming out,

527
00:30:24,200 --> 00:30:27,360
Speaker 1: you're gonna see that similar type of engagement. You know,

528
00:30:27,400 --> 00:30:30,240
Speaker 1: it may just be done in uh in in in

529
00:30:30,280 --> 00:30:33,040
Speaker 1: a way that Joe Biden has handled these things over

530
00:30:33,080 --> 00:30:36,360
Speaker 1: the years, versus with the brass knuckles type of thing

531
00:30:36,440 --> 00:30:38,960
Speaker 1: that that Trump has has kind of tried to impose.

532
00:30:39,440 --> 00:30:42,200
Speaker 1: I want to say what the other side will say,

533
00:30:42,360 --> 00:30:44,520
Speaker 1: just because I feel like we should represent. I mean,

534
00:30:44,840 --> 00:30:47,200
Speaker 1: they're gonna say Secretary of Pumpeo would say that he's

535
00:30:47,200 --> 00:30:50,320
Speaker 1: been out front on the reader concentration camps in opposing

536
00:30:50,360 --> 00:30:52,680
Speaker 1: them for a long time, and that they signed that

537
00:30:52,840 --> 00:30:57,560
Speaker 1: law for with regards to Hong Kong and revoking status

538
00:30:57,600 --> 00:31:00,440
Speaker 1: and whatnot as a special trade status. So I mean

539
00:31:00,440 --> 00:31:01,800
Speaker 1: that that's what they would say. But I hear you.

540
00:31:01,880 --> 00:31:03,880
Speaker 1: I mean, I hear your points that the both of

541
00:31:03,880 --> 00:31:06,520
Speaker 1: you are making. Let's pivot. Can we pivot to domestic

542
00:31:06,520 --> 00:31:09,680
Speaker 1: politics when we talked about policy and the economy and

543
00:31:10,240 --> 00:31:13,200
Speaker 1: on the lack of they're not talking to no one's

544
00:31:13,240 --> 00:31:15,520
Speaker 1: talking to China, and no one's talking on Capitol Hill.

545
00:31:15,600 --> 00:31:18,840
Speaker 1: It's a silent Friday. That's the story. The sound of silence,

546
00:31:19,240 --> 00:31:22,360
Speaker 1: that's the story today. Because Senate Majority Leader Mitch McConnell

547
00:31:22,400 --> 00:31:25,280
Speaker 1: and Speaker Pelosi will not be negotiating with Secretary Monution

548
00:31:25,400 --> 00:31:28,800
Speaker 1: nor Mark Meadows on the issue of the deal coming up.

549
00:31:28,840 --> 00:31:30,840
Speaker 1: I'll play for you in my interview with Senator christ Kins.

550
00:31:31,320 --> 00:31:33,280
Speaker 1: I don't know why, Frank, I mean I said this

551
00:31:33,280 --> 00:31:34,880
Speaker 1: to Carli Fiorina. When I was filling in on the

552
00:31:34,880 --> 00:31:39,240
Speaker 1: anchor desk for our UM for our colleague David Weston today,

553
00:31:39,560 --> 00:31:42,680
Speaker 1: I said, Carla Fiorina, I mean, in the private sector,

554
00:31:43,000 --> 00:31:45,480
Speaker 1: you can't go home on vacation. You can't go home

555
00:31:45,480 --> 00:31:47,720
Speaker 1: on vacation if the job is not done. You gotta

556
00:31:47,760 --> 00:31:49,840
Speaker 1: stay until you get the job done. And and this

557
00:31:49,920 --> 00:31:51,760
Speaker 1: isn't even a political I mean, this isn't even a

558
00:31:51,760 --> 00:31:55,080
Speaker 1: Republican or a Democratic question. But why how are they

559
00:31:55,120 --> 00:32:00,800
Speaker 1: not negotiating? I have no idea how, uh, you know,

560
00:32:00,960 --> 00:32:04,040
Speaker 1: having been around as long as I have, um watching

561
00:32:04,040 --> 00:32:07,120
Speaker 1: these things all the way back into the New Gingrich

562
00:32:07,640 --> 00:32:10,760
Speaker 1: era when in before, when you know, New Ingrich was

563
00:32:11,320 --> 00:32:14,200
Speaker 1: trying to shut down the government in to make a

564
00:32:14,280 --> 00:32:16,920
Speaker 1: point and it failed miserably on him. I think this

565
00:32:17,040 --> 00:32:20,440
Speaker 1: hurts both sides dramatically. I think both sides thinks that

566
00:32:20,520 --> 00:32:23,480
Speaker 1: I think that it hurts the other side more. Um.

567
00:32:23,560 --> 00:32:25,719
Speaker 1: But but you know, again, in part part of that,

568
00:32:25,920 --> 00:32:29,080
Speaker 1: part of it tells me that the Democrats maybe a

569
00:32:29,120 --> 00:32:32,280
Speaker 1: little more right because of the way the polls are

570
00:32:32,360 --> 00:32:36,200
Speaker 1: in the presidential race right now. Um, Democrats certainly have

571
00:32:36,360 --> 00:32:40,120
Speaker 1: less to lose than Republicans. Do um uh in some

572
00:32:40,240 --> 00:32:43,640
Speaker 1: of these close races that are gonna maybe be dragged

573
00:32:43,680 --> 00:32:48,320
Speaker 1: down by UM by the top of the ticket in

574
00:32:48,320 --> 00:32:51,280
Speaker 1: in in some of these purplish states where they have

575
00:32:51,360 --> 00:32:54,040
Speaker 1: tough Senate races. So you know, again, I just if

576
00:32:54,160 --> 00:32:57,160
Speaker 1: if you're a Corey Gardner, if you're Doug Jones, if

577
00:32:57,160 --> 00:33:00,520
Speaker 1: you're any of these members in in in tough races

578
00:33:00,560 --> 00:33:03,320
Speaker 1: and tight seats, I don't know how you know, you

579
00:33:03,720 --> 00:33:07,560
Speaker 1: the leadership of both parties lets them walk away uh,

580
00:33:07,640 --> 00:33:10,280
Speaker 1: not having anything in hand to go back. Now, maybe

581
00:33:10,320 --> 00:33:13,480
Speaker 1: there's some mystery that I don't know about, UM, but

582
00:33:13,800 --> 00:33:16,400
Speaker 1: you know, again, it seems it seems awkward that this

583
00:33:16,520 --> 00:33:20,520
Speaker 1: is happening. The President, I think, thinks he's resolving some

584
00:33:20,600 --> 00:33:22,920
Speaker 1: of these issues by some of the announcements and executive

585
00:33:23,000 --> 00:33:25,920
Speaker 1: orders he's made. Whether they're legal or not, you know,

586
00:33:26,000 --> 00:33:28,680
Speaker 1: I think there's some question about that. But you know,

587
00:33:28,760 --> 00:33:32,360
Speaker 1: he's looking at that from a messaging standpoint, UM. And

588
00:33:32,440 --> 00:33:35,920
Speaker 1: you know his announcement yesterday of the thirty as another

589
00:33:36,560 --> 00:33:40,719
Speaker 1: way that he's trying to pressure Democrats a little more so. UM. Again,

590
00:33:41,240 --> 00:33:43,400
Speaker 1: I don't understand why they're doing it, but you know,

591
00:33:43,480 --> 00:33:46,080
Speaker 1: I think both sides think they have an advantage, and

592
00:33:46,200 --> 00:33:50,280
Speaker 1: perhaps both sides don't. I just it's it's so tough

593
00:33:50,360 --> 00:33:53,600
Speaker 1: for me to to cover this as a process story

594
00:33:53,680 --> 00:33:56,760
Speaker 1: and tend to look at the polls because I I know,

595
00:33:56,960 --> 00:33:58,800
Speaker 1: but I don't want to on a Friday sound like

596
00:33:58,840 --> 00:34:00,840
Speaker 1: I'm on a on a soapbox. But David's a feer.

597
00:34:00,880 --> 00:34:03,240
Speaker 1: I mean, you don't have to you don't have to

598
00:34:03,280 --> 00:34:05,280
Speaker 1: be a political scientist, and you don't have to be

599
00:34:05,640 --> 00:34:10,600
Speaker 1: a political poster to understand just the millions, the magnitude

600
00:34:10,600 --> 00:34:12,360
Speaker 1: of this moment that we're in. And I find it

601
00:34:12,360 --> 00:34:14,920
Speaker 1: completely perplexing. The President was asked about it at his

602
00:34:15,000 --> 00:34:19,719
Speaker 1: press conference earlier today by a reporter and and he said,

603
00:34:19,800 --> 00:34:21,719
Speaker 1: I mean his his argument was, well, it's just too

604
00:34:21,800 --> 00:34:24,520
Speaker 1: much money. I mean, they're trillions of dollars apart. I

605
00:34:25,120 --> 00:34:27,879
Speaker 1: just think it's a failure all around, that no one

606
00:34:28,120 --> 00:34:30,680
Speaker 1: is staying here, that there's no commission, that there's no

607
00:34:30,800 --> 00:34:33,000
Speaker 1: gang of eight, that there's not sitting in a room

608
00:34:33,040 --> 00:34:37,080
Speaker 1: and talking about trillions of dollars of tax payer money.

609
00:34:37,600 --> 00:34:41,840
Speaker 1: It's insane to me, David, it's insane. Well, I agree

610
00:34:41,920 --> 00:34:45,240
Speaker 1: with you, and I think Frank covered the dynamic really well,

611
00:34:45,440 --> 00:34:49,960
Speaker 1: I would just point out that right after COVID nineteen happened,

612
00:34:50,320 --> 00:34:53,719
Speaker 1: there was extraordinary amount of cooperation on Capitol Hill. They

613
00:34:53,800 --> 00:34:58,200
Speaker 1: passed the initial stimulus package without a lot of discord,

614
00:34:58,239 --> 00:35:01,080
Speaker 1: and they were able to compromise ically. And with each

615
00:35:01,160 --> 00:35:06,200
Speaker 1: package there has been more discord and more disagreement and

616
00:35:06,760 --> 00:35:09,160
Speaker 1: more grid block. And now we get to this one

617
00:35:09,680 --> 00:35:12,239
Speaker 1: and they seem unable to do it, and they're not

618
00:35:12,320 --> 00:35:14,840
Speaker 1: even working, as you pointed out, And I think the

619
00:35:14,960 --> 00:35:18,319
Speaker 1: voters must be thinking. I mean, they're gonna those who

620
00:35:18,320 --> 00:35:20,799
Speaker 1: are in close races, like Frank said, those members of

621
00:35:20,800 --> 00:35:23,479
Speaker 1: conners and close races, they want to bring something back,

622
00:35:23,520 --> 00:35:25,520
Speaker 1: but the voters may not remember the They're not going

623
00:35:25,560 --> 00:35:27,719
Speaker 1: to remember much more. Coming up next with the panel,

624
00:35:27,719 --> 00:35:29,480
Speaker 1: I'm Kevin Sireli. This is Bloomberg and Night, and I

625
00:35:29,560 --> 00:35:45,160
Speaker 1: want My name is Kevin Cirelli. I'm the chief Washington

626
00:35:45,200 --> 00:35:48,520
Speaker 1: correspondent from THEMBER TV and Radio. That's Keen. You are young.

627
00:35:49,120 --> 00:35:53,480
Speaker 1: I interviewed Senator Chris Coons, a Democrat from Delaware, earlier

628
00:35:53,520 --> 00:35:57,080
Speaker 1: today about the US Postal Service. Take a listen to

629
00:35:57,080 --> 00:35:58,640
Speaker 1: what he told me about a letter he said to

630
00:35:58,680 --> 00:36:02,120
Speaker 1: the Postmaster General. I want to hear that the Postal

631
00:36:02,200 --> 00:36:04,920
Speaker 1: Service has the resources and the staffing it needs to

632
00:36:05,000 --> 00:36:09,360
Speaker 1: handle a surgeon mail that's associated with this falls election.

633
00:36:10,000 --> 00:36:12,520
Speaker 1: Every state so far that has had a primary in

634
00:36:12,640 --> 00:36:15,479
Speaker 1: this COVID season has seen an increase in the number

635
00:36:15,480 --> 00:36:19,080
Speaker 1: of folks taking advantage of absentee or mail in ballots.

636
00:36:19,560 --> 00:36:23,239
Speaker 1: President Trump just requested a mail in ballot for him

637
00:36:23,280 --> 00:36:26,400
Speaker 1: to cast his vote in Florida. UM. There's no evidence

638
00:36:26,440 --> 00:36:29,120
Speaker 1: that it leads to an increase in voter fraud, but

639
00:36:29,200 --> 00:36:31,600
Speaker 1: there is evidence that it leads to an increase in

640
00:36:31,719 --> 00:36:35,760
Speaker 1: mail volume. So the new Postmaster General, who all remind

641
00:36:35,800 --> 00:36:38,680
Speaker 1: you was a major donor to Trump's campaign and is

642
00:36:38,719 --> 00:36:43,080
Speaker 1: a long time Republican supporter, has made some very big

643
00:36:43,120 --> 00:36:46,520
Speaker 1: moves in terms of replacing senior leadership, changing some of

644
00:36:46,520 --> 00:36:50,080
Speaker 1: the delivery standards, and ordering a realignment of some of

645
00:36:50,080 --> 00:36:54,120
Speaker 1: the bulk mail processing equipment in the Postal Service. UM.

646
00:36:54,160 --> 00:36:57,440
Speaker 1: I want him to justify and explain these actions, UM

647
00:36:57,560 --> 00:36:59,920
Speaker 1: that in some way are related to a change in

648
00:37:00,040 --> 00:37:03,560
Speaker 1: mail volume, and make sure that we have enough resources

649
00:37:03,600 --> 00:37:06,920
Speaker 1: and staffing available for what will likely be a dramatic

650
00:37:07,040 --> 00:37:11,439
Speaker 1: increase in mail volume associated with ballots. Do you think

651
00:37:11,480 --> 00:37:14,840
Speaker 1: that the United States is prepared right now for November

652
00:37:14,920 --> 00:37:18,960
Speaker 1: three for the increase in mail in ballots. I'm concerned

653
00:37:18,960 --> 00:37:21,960
Speaker 1: about two things, Kevin, with our November election. One is

654
00:37:22,040 --> 00:37:24,799
Speaker 1: the mail in ballots UM. In Delaware, we just had

655
00:37:24,800 --> 00:37:29,000
Speaker 1: our presidential primary surprise Joe Biden one but half of

656
00:37:29,000 --> 00:37:31,960
Speaker 1: the ballots were cast by mail. We've seen that pattern

657
00:37:32,040 --> 00:37:35,000
Speaker 1: in state after state UM, and that means there needs

658
00:37:35,000 --> 00:37:38,560
Speaker 1: to be machinery both for the state election commissions or

659
00:37:38,600 --> 00:37:41,360
Speaker 1: the county election commissions were boards to be able to

660
00:37:41,400 --> 00:37:44,720
Speaker 1: account and process those ballots and for the postal service.

661
00:37:44,960 --> 00:37:48,480
Speaker 1: And then second, I'm concerned about UM the increased likelihood

662
00:37:48,520 --> 00:37:53,040
Speaker 1: of cyber attacks foreign attempts to influence our election. All

663
00:37:53,120 --> 00:37:55,880
Speaker 1: Senators have had a classified briefing where we've heard from

664
00:37:55,960 --> 00:37:59,920
Speaker 1: folks from a wide range of elements of our federal

665
00:38:00,160 --> 00:38:06,360
Speaker 1: enforcement and intelligence community agencies predicting significant foreign activity, particularly

666
00:38:06,400 --> 00:38:09,040
Speaker 1: from Russia, but from other countries as well to try

667
00:38:09,120 --> 00:38:12,320
Speaker 1: and influence this fall's election. Do you think, moving forward

668
00:38:12,320 --> 00:38:14,760
Speaker 1: in the long term, that the United States should adopt

669
00:38:14,760 --> 00:38:18,120
Speaker 1: policies that other countries have adopted in creating some type

670
00:38:18,360 --> 00:38:22,200
Speaker 1: of elections commission or that is nonpartisan in terms of

671
00:38:22,239 --> 00:38:26,880
Speaker 1: better protecting brick and mortar infrastructure around elections. Well, Kevin,

672
00:38:27,200 --> 00:38:30,800
Speaker 1: we do have an Election Assistance Commission. It was created

673
00:38:30,920 --> 00:38:34,800
Speaker 1: after the two thousand election. Remember those famous hanging chads

674
00:38:34,840 --> 00:38:37,759
Speaker 1: and the weeks of uncertainty about the outcome of the

675
00:38:37,760 --> 00:38:42,120
Speaker 1: two thousand election. After that, Congress distributed to the states

676
00:38:42,120 --> 00:38:46,760
Speaker 1: about four billion dollars in assistance to buy new election systems.

677
00:38:46,800 --> 00:38:51,080
Speaker 1: And the Election Assistance Commission, which comes under the Appropriation

678
00:38:51,120 --> 00:38:54,839
Speaker 1: Subcommittee where I'm the ranking Democrat UM, is actually an

679
00:38:54,840 --> 00:38:59,719
Speaker 1: existing but at times UM barely functional commission. UM. It,

680
00:39:00,040 --> 00:39:04,680
Speaker 1: like the Federal Election Commission, which enforces election campaign finance laws,

681
00:39:05,000 --> 00:39:08,920
Speaker 1: UM struggles with partisanship and with making timely and decisive

682
00:39:08,960 --> 00:39:12,640
Speaker 1: decisions at times. What we really need, Kevin, is not

683
00:39:12,960 --> 00:39:17,880
Speaker 1: one unitary national election system. We need the resources UM,

684
00:39:18,080 --> 00:39:22,560
Speaker 1: both from intelligence and protecting us against foreign intrusion and

685
00:39:22,640 --> 00:39:25,600
Speaker 1: for the financing and purchase of equipment from the federal

686
00:39:25,640 --> 00:39:28,840
Speaker 1: government to flow down to state and county election boards

687
00:39:28,840 --> 00:39:33,000
Speaker 1: and commission. Speaking of partisanships, still, lawmakers at an impasse

688
00:39:33,160 --> 00:39:36,720
Speaker 1: in terms of that next round of economic stimulus. You've

689
00:39:36,760 --> 00:39:40,279
Speaker 1: actually been pushing with Republicans for a provision that would

690
00:39:40,280 --> 00:39:43,520
Speaker 1: allow for there to be more funds provided to micro

691
00:39:43,680 --> 00:39:46,520
Speaker 1: small businesses. Are you competent that that is going to

692
00:39:46,600 --> 00:39:49,440
Speaker 1: make it into the deal, Kevin, That is a provision

693
00:39:49,520 --> 00:39:52,120
Speaker 1: that's strongly bipartisan. We had a hearing on the Small

694
00:39:52,160 --> 00:39:56,080
Speaker 1: Business Committee, boy now two months ago in June, where

695
00:39:56,080 --> 00:39:58,719
Speaker 1: it was clear there was agreement. We've got still a

696
00:39:58,800 --> 00:40:04,160
Speaker 1: hundred and thirty billion dollars unspent in the paycheck protection program. UH,

697
00:40:04,200 --> 00:40:07,440
Speaker 1: it has closed for the moment in terms of new applications.

698
00:40:07,480 --> 00:40:10,880
Speaker 1: That just happened last weekend UH and Senator Rubio and

699
00:40:10,920 --> 00:40:13,400
Speaker 1: Senator Cardon is the chair and ranking of the full Committee,

700
00:40:13,960 --> 00:40:16,840
Speaker 1: have agreed with me that we should have another round,

701
00:40:17,200 --> 00:40:21,080
Speaker 1: that we should have a rapid additional round that is

702
00:40:21,120 --> 00:40:25,360
Speaker 1: easily accessible to the smallest businesses and nonprofits, those that

703
00:40:25,400 --> 00:40:28,080
Speaker 1: took the biggest hit in terms of revenue. I think

704
00:40:28,120 --> 00:40:31,520
Speaker 1: that's an important piece of continuing to open our economy

705
00:40:31,800 --> 00:40:36,200
Speaker 1: and to provide support for people to be employed or rehired. Senator,

706
00:40:36,200 --> 00:40:39,879
Speaker 1: it's a transpartisan policy, it's with bipartisan support. And yet

707
00:40:39,920 --> 00:40:43,080
Speaker 1: I ask you this respectfully, but you look at startisanship

708
00:40:43,160 --> 00:40:46,320
Speaker 1: at the top line view that has dominated this impass

709
00:40:46,560 --> 00:40:49,080
Speaker 1: all around from the lefts of the rights of the

710
00:40:49,080 --> 00:40:52,239
Speaker 1: White House. And I'm curious when is this breakthrough going

711
00:40:52,320 --> 00:40:54,960
Speaker 1: to come, especially now that the Senate has been adjourned

712
00:40:55,000 --> 00:40:59,680
Speaker 1: until the first week of September. Well, it's enormously frustrating

713
00:40:59,680 --> 00:41:02,359
Speaker 1: to me, Kevin Um. You know, I could go through

714
00:41:02,400 --> 00:41:05,360
Speaker 1: the back and forth who shot John of it? But

715
00:41:05,440 --> 00:41:08,720
Speaker 1: the reality is there is a trillion dollar gap between

716
00:41:09,320 --> 00:41:12,840
Speaker 1: what the Democrats, in particular Speaker Pelosi and Leader Schumer,

717
00:41:13,239 --> 00:41:16,279
Speaker 1: UH and Mark Meadows from the White House and UM

718
00:41:16,360 --> 00:41:20,000
Speaker 1: Secretary Manuchin are willing to accept. UM. And the biggest

719
00:41:20,040 --> 00:41:22,320
Speaker 1: part of that is a gap in support for state

720
00:41:22,320 --> 00:41:25,480
Speaker 1: and local governments. UM. I think we could easily come

721
00:41:25,480 --> 00:41:28,279
Speaker 1: to a resolution to ensure that it's not used to

722
00:41:28,400 --> 00:41:32,919
Speaker 1: fill gaps that are associated with pension funds that Republicans

723
00:41:32,960 --> 00:41:36,520
Speaker 1: in the administration have claimed were mismanaged. UM. We've got

724
00:41:36,520 --> 00:41:40,920
Speaker 1: a massive amount of need because there's dramatic revenue shortfalls

725
00:41:40,960 --> 00:41:44,160
Speaker 1: in every state, county, and municipality in the country. We've

726
00:41:44,200 --> 00:41:46,320
Speaker 1: already seen more than a million and a half public

727
00:41:46,320 --> 00:41:49,239
Speaker 1: employees laid off. There's gonna be it's predicted to be

728
00:41:49,280 --> 00:41:52,040
Speaker 1: as many as five million laid off if there isn't

729
00:41:52,080 --> 00:41:55,000
Speaker 1: another round of assistance. Let me just remind you, Kevin,

730
00:41:55,040 --> 00:41:58,760
Speaker 1: these aren't faceless bureaucrats in gray buildings. We're talking about

731
00:41:58,800 --> 00:42:01,839
Speaker 1: the teachers who teach our kids in school, the paramedics

732
00:42:01,920 --> 00:42:04,200
Speaker 1: who come when we have a car crash or a

733
00:42:04,239 --> 00:42:08,719
Speaker 1: heart attack, the nurses and orderlies who work in public hospitals. UM.

734
00:42:08,800 --> 00:42:11,000
Speaker 1: Lots of these folks are going to face job losses

735
00:42:11,320 --> 00:42:13,799
Speaker 1: if there isn't another round of federal support for state

736
00:42:13,800 --> 00:42:16,440
Speaker 1: and local government. That is the biggest piece of that

737
00:42:16,880 --> 00:42:20,840
Speaker 1: unresolved gap. Finally, on the normalization of ties between Israel

738
00:42:20,920 --> 00:42:23,760
Speaker 1: and the U a E. What will that mean for

739
00:42:23,920 --> 00:42:27,880
Speaker 1: the broader U S policy in the region. Well, frankly, overall,

740
00:42:27,960 --> 00:42:31,880
Speaker 1: I think it is positive to begin easing the isolation

741
00:42:31,920 --> 00:42:34,600
Speaker 1: of Israel from the region UM to have this is

742
00:42:34,640 --> 00:42:37,959
Speaker 1: just the third Arab country UH to recognize and begin

743
00:42:38,040 --> 00:42:42,040
Speaker 1: normalization with Israel. What was announced the other day was

744
00:42:42,080 --> 00:42:44,640
Speaker 1: just an agreement in principle. There's a lot of details

745
00:42:44,719 --> 00:42:47,520
Speaker 1: to work out, but in some ways the most important

746
00:42:47,600 --> 00:42:51,440
Speaker 1: part was a suspension of UM Prime Minister net and

747
00:42:51,520 --> 00:42:57,640
Speaker 1: Yahoo's UM movement towards annexation unilateral annexation of land in

748
00:42:57,640 --> 00:43:00,760
Speaker 1: the West Bank. To do so would have UM finally

749
00:43:00,800 --> 00:43:03,440
Speaker 1: shut down any possibility of a two state solution. I

750
00:43:03,520 --> 00:43:07,920
Speaker 1: strongly support a two state solution and opposed unilateral annexation

751
00:43:07,960 --> 00:43:11,880
Speaker 1: that would have foreclosed any possibility of a Palestinian state.

752
00:43:12,200 --> 00:43:15,080
Speaker 1: It's important that folks pay attention to the details of

753
00:43:15,080 --> 00:43:18,720
Speaker 1: the statements made by the U A Ambassador Al Taibo,

754
00:43:18,800 --> 00:43:23,239
Speaker 1: who I know and appreciate his hard work on this UM,

755
00:43:23,280 --> 00:43:27,520
Speaker 1: which was that they continue to support the Palestinian cause. UM.

756
00:43:27,600 --> 00:43:31,480
Speaker 1: This was an important tripartite agreement between the United States,

757
00:43:32,160 --> 00:43:35,520
Speaker 1: Israel under Prime Minister net Yahoo UH and UM the

758
00:43:35,640 --> 00:43:37,880
Speaker 1: U A E and I do think it will contribute

759
00:43:37,880 --> 00:43:40,520
Speaker 1: to some reduction intentions in the region, and I hope

760
00:43:40,560 --> 00:43:43,840
Speaker 1: it will be followed by other recognitions by other Arab states.

761
00:43:43,920 --> 00:43:47,800
Speaker 1: And how would have Biden administration handle this particular issue

762
00:43:48,080 --> 00:43:51,920
Speaker 1: to rally allies UM. One of the challenges with the

763
00:43:51,920 --> 00:43:55,319
Speaker 1: way that President Trump has conducted foreign policy is he's

764
00:43:55,400 --> 00:44:00,520
Speaker 1: used the tool of tariffs UM too essentially beat up

765
00:44:00,560 --> 00:44:03,520
Speaker 1: some of our closest friends and allies. It has distanced

766
00:44:03,600 --> 00:44:08,879
Speaker 1: US from countries like Canada, Germany, Sweden, France, of the UK,

767
00:44:09,400 --> 00:44:13,000
Speaker 1: Japan and South Korea because the imposition of national security

768
00:44:13,040 --> 00:44:17,280
Speaker 1: justified steel and aluminum tariffs, for example, UM have caused

769
00:44:17,280 --> 00:44:20,840
Speaker 1: some real economic tension and some political tension in the

770
00:44:20,880 --> 00:44:24,160
Speaker 1: Middle East. We have a range of partners and allies

771
00:44:24,840 --> 00:44:27,839
Speaker 1: who I think could be brought together, but a resolution

772
00:44:27,920 --> 00:44:31,760
Speaker 1: of the Israeli Palestinian UM issue M is an important

773
00:44:31,800 --> 00:44:36,080
Speaker 1: contributor UM to full stabilization of the region. Part of

774
00:44:36,120 --> 00:44:39,760
Speaker 1: what's happening here is that the UH, the Emirates, the

775
00:44:39,960 --> 00:44:44,440
Speaker 1: UAE really view Iran as the biggest issue in the region.

776
00:44:44,480 --> 00:44:48,960
Speaker 1: The tension between Sunni and Shia, between UM, the radical

777
00:44:49,440 --> 00:44:52,400
Speaker 1: regime in Tehran and what they're doing in the region,

778
00:44:52,800 --> 00:44:55,719
Speaker 1: UM is a more pressing security threat than their concerns

779
00:44:56,320 --> 00:45:00,560
Speaker 1: about the unresolved Israeli Palestinian tension. That's a altment that's

780
00:45:00,560 --> 00:45:03,520
Speaker 1: been underway for more than a decade, and I would

781
00:45:03,520 --> 00:45:07,080
Speaker 1: expect a Biden administration would continue UM to work with

782
00:45:07,120 --> 00:45:10,360
Speaker 1: our vital ally Israel and with our regional partners to

783
00:45:10,520 --> 00:45:16,000
Speaker 1: try and achieve further stabilization and improve security through resolution

784
00:45:16,040 --> 00:45:18,720
Speaker 1: of some of these long standing con That was Senator

785
00:45:18,800 --> 00:45:22,080
Speaker 1: Chris Cooin's Democrat from Delaware. I'm Kevin's really chief Washington correspondent.

786
00:45:22,080 --> 00:45:40,520
Speaker 1: You're listening to Bloomberg one Rost Road, Castle on a Hill,

787
00:45:40,880 --> 00:45:43,840
Speaker 1: Castle on a Hill. Sorry, I knew that Ed Sharon

788
00:45:44,880 --> 00:45:46,319
Speaker 1: I can play. I taught myself to play this on

789
00:45:46,320 --> 00:45:48,960
Speaker 1: the guitar. This is Ed Shearon Castle on a Hill.

790
00:45:49,200 --> 00:45:51,000
Speaker 1: My name is Kevin Seley. I am the chief Washington

791
00:45:51,040 --> 00:45:53,319
Speaker 1: correspondent for Bomberg Television and for Bloomberg Radio. When I

792
00:45:53,360 --> 00:45:57,600
Speaker 1: was a kid driving up a Delkos, I would listen

793
00:45:57,640 --> 00:46:01,239
Speaker 1: to Why One and I feel like I house the

794
00:46:01,400 --> 00:46:04,840
Speaker 1: radio show, but this is it's it's like political economic policy,

795
00:46:04,880 --> 00:46:09,160
Speaker 1: you know. But what I listened to was like not that.

796
00:46:09,600 --> 00:46:12,640
Speaker 1: But anyway, funny how it all works out. I'm incredibly

797
00:46:12,640 --> 00:46:16,560
Speaker 1: grateful though, of course for our indefatigable team, Nick Falco

798
00:46:16,640 --> 00:46:18,799
Speaker 1: on the boards, who's playing DJ. We're going back and

799
00:46:18,840 --> 00:46:20,960
Speaker 1: forth in the chat of all of our songs, and

800
00:46:21,400 --> 00:46:25,160
Speaker 1: uh Matt Shirley, and of course Christine Barada for closing

801
00:46:25,160 --> 00:46:27,640
Speaker 1: out a very busy week, a very busy week, and

802
00:46:27,680 --> 00:46:32,920
Speaker 1: thank you for following along, for listening, for um for listening,

803
00:46:32,960 --> 00:46:37,480
Speaker 1: for for helping us I'll navigate through this time. And

804
00:46:37,520 --> 00:46:41,279
Speaker 1: of course our esteem panelists. Frank Massano, partner at BRACE

805
00:46:41,360 --> 00:46:45,440
Speaker 1: Wells Policy Resolution Group, former Press secretary to several Republican lawmakers,

806
00:46:45,440 --> 00:46:48,600
Speaker 1: and David's a Fury, former Obama campaign for and policy adviser.

807
00:46:48,640 --> 00:46:50,160
Speaker 1: I was texting with them in the break. I said,

808
00:46:50,200 --> 00:46:52,960
Speaker 1: I'm so sorry, David. I've had to cut you off

809
00:46:53,080 --> 00:46:55,600
Speaker 1: twice in the last hour. He goes, I'm getting a

810
00:46:55,600 --> 00:46:59,640
Speaker 1: beer at So you're better, You're better, get ready for

811
00:46:59,800 --> 00:47:03,640
Speaker 1: the for the Friday show. What song, gentlemen, are you

812
00:47:03,719 --> 00:47:07,640
Speaker 1: listening to on repeat this week or what songs? Because

813
00:47:07,719 --> 00:47:10,160
Speaker 1: music has been with getting me through the pandemic. David,

814
00:47:10,200 --> 00:47:15,839
Speaker 1: what are you listening to? Oh wow, that's a tough one. Um,

815
00:47:15,880 --> 00:47:19,120
Speaker 1: I'm mostly listening to Rolling Stones this week, the old stuff,

816
00:47:19,120 --> 00:47:22,600
Speaker 1: the bluesy stuff. Alright, alright, so I tend, you know,

817
00:47:22,760 --> 00:47:25,719
Speaker 1: my taste cover a little harder. I tend to listen to,

818
00:47:25,960 --> 00:47:28,399
Speaker 1: you know, the metallicas. But you know, I've really been

819
00:47:28,480 --> 00:47:31,520
Speaker 1: stuck on one week by Bear Naked Ladies this week

820
00:47:31,600 --> 00:47:34,839
Speaker 1: for over reason, which of course is a little bit

821
00:47:34,840 --> 00:47:38,000
Speaker 1: more poppy and fun. So who doesn't love the baron

822
00:47:38,080 --> 00:47:42,200
Speaker 1: Naked Ladies? You know? And they're great show, Like last

823
00:47:42,320 --> 00:47:46,200
Speaker 1: year at Merryweather Post when they were there and it

824
00:47:46,320 --> 00:47:49,840
Speaker 1: was super entertaining. It was really fun. So there so

825
00:47:50,040 --> 00:47:52,480
Speaker 1: the song for me this week that I've been that

826
00:47:52,520 --> 00:47:54,319
Speaker 1: I've had on repeat. Let me, I mean I had

827
00:47:54,320 --> 00:47:57,279
Speaker 1: a lot because I literally all I do is listen

828
00:47:57,280 --> 00:47:59,160
Speaker 1: to music before I prep for interviews and for the

829
00:47:59,200 --> 00:48:03,000
Speaker 1: show Possible year by Panic at the Disco, Summer Highland Falls,

830
00:48:03,000 --> 00:48:04,919
Speaker 1: Billy Joel. Everyone knows have been on the Billy Joel kick,

831
00:48:05,320 --> 00:48:08,520
Speaker 1: Dying in l a Panic at the Disco. Um some

832
00:48:08,640 --> 00:48:11,560
Speaker 1: John Mayre and five for fighting. Slice by five for

833
00:48:11,680 --> 00:48:14,600
Speaker 1: fighting has been my most played song this week. Slice

834
00:48:14,719 --> 00:48:17,120
Speaker 1: by five for fighting and hey, I don't must in

835
00:48:17,200 --> 00:48:19,759
Speaker 1: on your bubble there kept but five for fighting and

836
00:48:19,800 --> 00:48:24,080
Speaker 1: hockey of course, not going well for the Flyers today.

837
00:48:24,080 --> 00:48:28,920
Speaker 1: Five zero lost to the Montreal Canadian. It's just thanks

838
00:48:28,920 --> 00:48:32,960
Speaker 1: Happy Friday to YouTube. Frank Um. Well, the Caps go tonight,

839
00:48:33,000 --> 00:48:34,920
Speaker 1: so you know they could go down, oh to at

840
00:48:34,960 --> 00:48:37,200
Speaker 1: least the Flyers are one one right now? Okay, well

841
00:48:37,200 --> 00:48:38,680
Speaker 1: we could we did this hope. We had this whole

842
00:48:38,719 --> 00:48:43,799
Speaker 1: segment planned on on sports and uh college football and

843
00:48:43,880 --> 00:48:45,759
Speaker 1: everything that was going to go on with the advertising

844
00:48:45,840 --> 00:48:48,040
Speaker 1: and corporate media and everything, and then we got a

845
00:48:48,120 --> 00:48:52,920
Speaker 1: Jared Kusher interview. So we killed that whole segment, but

846
00:48:53,000 --> 00:48:55,600
Speaker 1: we'll revisit that, I promise, because it's a really fascinating,

847
00:48:55,840 --> 00:48:59,080
Speaker 1: fascinating local story too. All right, gentlemen, tell me one

848
00:48:59,360 --> 00:49:02,719
Speaker 1: thing that is on your radar and make it good

849
00:49:02,760 --> 00:49:05,520
Speaker 1: because it's Friday and we gotta be interesting. We've gotta

850
00:49:05,520 --> 00:49:07,719
Speaker 1: be interesting on Friday. Who wants to go first? Frank,

851
00:49:07,760 --> 00:49:10,839
Speaker 1: I'm picking up at Actually, David's gonna go first because

852
00:49:10,840 --> 00:49:12,480
Speaker 1: I always I've cut them off twice in the show,

853
00:49:12,560 --> 00:49:17,680
Speaker 1: so just go, yeah, go ahead, David. Well, I'm thinking

854
00:49:17,680 --> 00:49:22,520
Speaker 1: about our other officers in blue. That's our postal workers,

855
00:49:22,560 --> 00:49:27,000
Speaker 1: are letter carriers. Centator Coon's mentioned this issue a lot,

856
00:49:27,040 --> 00:49:30,680
Speaker 1: but it's just stunning that the postal service has become

857
00:49:30,880 --> 00:49:35,680
Speaker 1: controversial and that there's a threat to reduce support for

858
00:49:35,719 --> 00:49:38,560
Speaker 1: the postal service, something that we've all depended on for

859
00:49:38,600 --> 00:49:40,959
Speaker 1: so long, and we're gonna depend on even more come

860
00:49:41,280 --> 00:49:45,280
Speaker 1: November because so many states are choosing to do mail

861
00:49:45,440 --> 00:49:49,080
Speaker 1: in ballots. I really hope this gets settled, that we

862
00:49:49,160 --> 00:49:51,279
Speaker 1: can work this out and people have a choice either

863
00:49:51,520 --> 00:49:53,800
Speaker 1: to go to the polls or to send in their ballots,

864
00:49:53,800 --> 00:49:56,279
Speaker 1: and if they do that, our guys in blue and

865
00:49:56,360 --> 00:49:59,279
Speaker 1: girls in blue and women in blue can deliver them

866
00:49:59,440 --> 00:50:02,440
Speaker 1: on time so that they're counting. Blue lives matter. Okay,

867
00:50:02,440 --> 00:50:05,280
Speaker 1: but you you have so much foreign policy experience, especially

868
00:50:05,320 --> 00:50:08,279
Speaker 1: in the Middle East and whatnot. And and and you're

869
00:50:09,120 --> 00:50:13,880
Speaker 1: I just when in terms of the infrastructure, shouldn't and

870
00:50:13,960 --> 00:50:16,279
Speaker 1: I asked Senator Coons about this, But shouldn't there be

871
00:50:16,520 --> 00:50:22,320
Speaker 1: a larger institution or larger agency that is is nonpartisan

872
00:50:22,400 --> 00:50:25,719
Speaker 1: and you know, almost like the Federal Reserve, but for elections,

873
00:50:26,120 --> 00:50:28,200
Speaker 1: you know, and and and I'd say it half kiddingly,

874
00:50:28,360 --> 00:50:31,400
Speaker 1: but these are conversations that should have been having, should

875
00:50:31,400 --> 00:50:32,959
Speaker 1: have been had years ago, and we should be thinking

876
00:50:33,000 --> 00:50:36,320
Speaker 1: about elections twenty and thirty years from now to protect

877
00:50:36,360 --> 00:50:40,120
Speaker 1: those elections, shouldn't we? David, I think we definitely need that.

878
00:50:40,160 --> 00:50:42,240
Speaker 1: I think we learned that in two thousand and center

879
00:50:42,320 --> 00:50:46,840
Speaker 1: Coons alluded to with the recount, that every state is different.

880
00:50:46,880 --> 00:50:50,359
Speaker 1: There's it's just a morass. It's crazy. We now have

881
00:50:50,440 --> 00:50:53,680
Speaker 1: foreign countries like Russia and two thousands sixty trying to

882
00:50:53,719 --> 00:50:56,040
Speaker 1: interfere in our elections. So this is needed more than ever.

883
00:50:56,280 --> 00:50:58,320
Speaker 1: But the problem when you can set up a commission

884
00:50:58,320 --> 00:51:01,160
Speaker 1: like that is even those commissions off and times become

885
00:51:01,400 --> 00:51:03,080
Speaker 1: part of it. And I've seen that in some of

886
00:51:03,120 --> 00:51:05,799
Speaker 1: the developing countries where I work. So you have to

887
00:51:05,840 --> 00:51:08,759
Speaker 1: set it up right or have to be a defined

888
00:51:08,960 --> 00:51:11,719
Speaker 1: system to ensure that it remains by part of it.

889
00:51:11,840 --> 00:51:16,560
Speaker 1: You're gonna need really um distinguished leaders to take part

890
00:51:16,560 --> 00:51:20,640
Speaker 1: in that in order for people to give it legitimacy. Well,

891
00:51:20,640 --> 00:51:23,279
Speaker 1: and this is not partisan, keV. But you know, the

892
00:51:23,320 --> 00:51:26,359
Speaker 1: Oregon folks who have been voting by mail for many

893
00:51:26,440 --> 00:51:29,839
Speaker 1: years said, you know early on that, hey, you just

894
00:51:29,880 --> 00:51:33,680
Speaker 1: can't drop out of a hat and expect to be

895
00:51:33,719 --> 00:51:36,200
Speaker 1: able to vote by mail. There is a lot of

896
00:51:36,239 --> 00:51:38,600
Speaker 1: hard work that has gone into this over a long

897
00:51:38,640 --> 00:51:41,759
Speaker 1: period of time. So you know, we're in for you know,

898
00:51:41,800 --> 00:51:43,799
Speaker 1: who's going to have to really adjust to this. It's

899
00:51:43,800 --> 00:51:46,399
Speaker 1: gonna it's gonna have to be the media and those

900
00:51:46,440 --> 00:51:49,400
Speaker 1: guys who are used to, you know, having set a

901
00:51:49,480 --> 00:51:53,360
Speaker 1: panel of seven folks uh that and and making calls

902
00:51:53,400 --> 00:51:55,400
Speaker 1: in the middle of the night, you know. And and

903
00:51:55,440 --> 00:51:57,680
Speaker 1: the evidence of that is what happened in the New

904
00:51:57,760 --> 00:52:03,160
Speaker 1: York races UH for for uh Congress and you know,

905
00:52:03,200 --> 00:52:06,759
Speaker 1: the Kentucky race for for the Democratic Senate nominee. We

906
00:52:06,800 --> 00:52:09,480
Speaker 1: didn't know the winners of those races until ten a

907
00:52:09,520 --> 00:52:13,439
Speaker 1: week to ten days even longer after those elections. So

908
00:52:13,760 --> 00:52:16,960
Speaker 1: you know that's and that's just the sixteenth District of

909
00:52:17,160 --> 00:52:20,960
Speaker 1: New York voting, and you know the Democrats in Kentucky voting.

910
00:52:21,040 --> 00:52:24,200
Speaker 1: So when you apply that nationally, it's gonna have to

911
00:52:24,440 --> 00:52:26,560
Speaker 1: you know, we're gonna have to look at things differently,

912
00:52:26,600 --> 00:52:29,040
Speaker 1: I think, or else. You know, it's going to be

913
00:52:29,120 --> 00:52:31,799
Speaker 1: perceived poorly on both sides a right, So that's what's

914
00:52:31,840 --> 00:52:34,280
Speaker 1: on your radar to do something else. Well that actually

915
00:52:34,360 --> 00:52:36,600
Speaker 1: that wasn't what was on my radar, But um, you

916
00:52:36,600 --> 00:52:38,600
Speaker 1: know what's really on my radar is what you were

917
00:52:38,600 --> 00:52:41,960
Speaker 1: talking about earlier, which is sports and the economic impact

918
00:52:42,000 --> 00:52:44,520
Speaker 1: of sports and what it does and how it's proceeds

919
00:52:44,520 --> 00:52:47,040
Speaker 1: in the political environment and things like that. And obviously

920
00:52:47,080 --> 00:52:49,920
Speaker 1: I'm affected by it as a college official who has

921
00:52:49,960 --> 00:52:52,880
Speaker 1: had a fall season taken away. Um, but you know,

922
00:52:53,160 --> 00:52:57,719
Speaker 1: this really does translate into a political problem, I think

923
00:52:57,760 --> 00:52:59,520
Speaker 1: for the White House. So that's one of the things

924
00:52:59,520 --> 00:53:02,640
Speaker 1: that time I'm really keeping a close eye on as

925
00:53:02,680 --> 00:53:06,520
Speaker 1: we go forward, and how many of these Ohio State

926
00:53:06,600 --> 00:53:10,200
Speaker 1: football games and the economic impact from not having Penn

927
00:53:10,239 --> 00:53:13,120
Speaker 1: State or Ohio State football games. How that affects the

928
00:53:13,239 --> 00:53:17,560
Speaker 1: psyche of voters in those states that uh, you know

929
00:53:17,640 --> 00:53:20,359
Speaker 1: that President Trump has has won in the past. And

930
00:53:20,680 --> 00:53:24,000
Speaker 1: you know, again, I think it only adds further challenge

931
00:53:24,120 --> 00:53:27,600
Speaker 1: to um where he you know, the hill he has

932
00:53:27,640 --> 00:53:31,160
Speaker 1: to climb. And you know, again, in January of this year,

933
00:53:31,440 --> 00:53:33,400
Speaker 1: I would have told you with the economic state of

934
00:53:33,400 --> 00:53:35,759
Speaker 1: the country, the president was going to be tough to

935
00:53:35,920 --> 00:53:40,759
Speaker 1: dislodge despite all his warts, personality warts and and the

936
00:53:40,800 --> 00:53:44,000
Speaker 1: way he handles things in chaos. But you know, since

937
00:53:44,440 --> 00:53:48,200
Speaker 1: uh March, I think the country has taken a completely

938
00:53:48,239 --> 00:53:52,640
Speaker 1: different turn and has created an environment that has allowed

939
00:53:53,360 --> 00:53:57,839
Speaker 1: uh Vice President Biden to just kind of watch the

940
00:53:58,080 --> 00:54:00,840
Speaker 1: you know, the president implode and and I think that

941
00:54:01,239 --> 00:54:03,680
Speaker 1: he's benefited from that dramatically, and he would be smart

942
00:54:03,760 --> 00:54:07,520
Speaker 1: to keep benefiting from dramatically. Uh And you know with

943
00:54:07,680 --> 00:54:10,680
Speaker 1: come out with with with the Senator Harris Now he

944
00:54:10,719 --> 00:54:13,440
Speaker 1: has a real good cheerleader and a person who can

945
00:54:13,560 --> 00:54:17,200
Speaker 1: really step up and uh defend the cause in a

946
00:54:17,239 --> 00:54:20,359
Speaker 1: way that maybe we'll yeah, and we'll see And again

947
00:54:20,400 --> 00:54:22,800
Speaker 1: there's conventions kick off next week. My thanks to Frank Massano,

948
00:54:22,880 --> 00:54:25,279
Speaker 1: My thanks to David Safiory for hanging out with me

949
00:54:25,320 --> 00:54:27,440
Speaker 1: on this Friday, diving into the policy, the politics, and

950
00:54:27,480 --> 00:54:30,439
Speaker 1: the personality Convention start next week. If you're around seven

951
00:54:30,760 --> 00:54:34,360
Speaker 1: pm Eastern tonight, tune into Bloomberg Television for rebroadcasting of

952
00:54:34,400 --> 00:54:38,000
Speaker 1: my special on mail in voting. This is a great song.

953
00:54:38,840 --> 00:54:41,480
Speaker 1: This is a great song. Have a great weekend. I'm

954
00:54:41,520 --> 00:54:57,759
Speaker 1: Kevin Sally. You're listening to Bloomberg One