WEBVTT - Apple Introduces iPhone 12 With 5G 0:00:00.240 --> 0:00:03.280 This is Bloomberg Business Week. I'm Carol Masser. Every day 0:00:03.279 --> 0:00:05.200 we're bringing you the latest news from the world of 0:00:05.200 --> 0:00:08.920 business and finance, plus technology, politics. So much going on 0:00:09.000 --> 0:00:12.160 in the world of politics, economics, and it's all harnessing 0:00:12.160 --> 0:00:14.960 the power of Business Week reporters and editors. You can 0:00:15.000 --> 0:00:18.720 download Bloomberg Business Week on iTunes, SoundCloud, or Bloomberg dot Com. 0:00:19.040 --> 0:00:21.200 You can also listen to our radio show at two 0:00:21.200 --> 0:00:23.960 pm Eastern on Bloomberg Radio, and be sure to watch 0:00:24.040 --> 0:00:27.400 us too on YouTube by searching Bloomberg Global News. Well, 0:00:27.440 --> 0:00:29.720 I gotta say this surprised me and I actually should 0:00:29.720 --> 0:00:31.960 go back and check out the most read because you know, Paul, 0:00:32.000 --> 0:00:34.360 I always like to check where our daily virus updates 0:00:34.760 --> 0:00:36.760 on the Bloomberg sit among our most read stories on 0:00:36.800 --> 0:00:40.600 the Bloomberg. I had to actually go to page the 0:00:40.640 --> 0:00:46.080 second page to find it exactly exactly, which I thought 0:00:46.120 --> 0:00:49.640 was kind of interesting considering our enquirement. Yeah, maybe that's 0:00:49.680 --> 0:00:52.519 it right, And we've got a bunch of headlines out. 0:00:52.520 --> 0:00:56.040 We've got worldwidecast cases thanks for passing thirty nine million, 0:00:56.080 --> 0:00:58.200 the U S reporting the most daily infections in two 0:00:58.240 --> 0:01:00.480 months total cases near an eight mill and so some 0:01:00.560 --> 0:01:04.480 of the headlines definitely jarring. Let's bring in Dr Ian 0:01:04.520 --> 0:01:07.520 LUs Beder. We go to him every week for an 0:01:07.640 --> 0:01:10.560 update for some clarity and perspective on the viruses, Clinical 0:01:10.560 --> 0:01:12.720 Associate Professor of Medicine at n y U Land Good 0:01:12.760 --> 0:01:15.360 Medical Center, and he joins us on the phone in 0:01:15.520 --> 0:01:17.679 New York. Um, Dr LUs bed are good to have 0:01:17.800 --> 0:01:20.759 you back with us. How are you doing this week? Okay, 0:01:20.760 --> 0:01:23.319 thank you, Carol and Paul hope you guys are doing 0:01:23.360 --> 0:01:26.800 well and definitely uh, a very busy news week and 0:01:26.840 --> 0:01:29.880 certainly on the on the COVID front as well well. 0:01:29.920 --> 0:01:31.639 Tell us what you're seeing in terms of the virus. 0:01:31.680 --> 0:01:34.600 I'm curious, UM. I was actually a doctor's office today 0:01:34.600 --> 0:01:36.120 and I'm like, are you guys seeing in an uptick? 0:01:36.160 --> 0:01:37.760 And they're like, nope, we're not yet, but we know 0:01:37.840 --> 0:01:40.120 that there's pockets around New York City. Where are you 0:01:40.160 --> 0:01:44.720 seeing UM in your You know, certainly when you're at 0:01:44.720 --> 0:01:48.640 the hospital or in your private practice. So certainly in 0:01:48.640 --> 0:01:51.440 private practice, we are seeing a lot of the post 0:01:51.480 --> 0:01:55.040 COVID syndrome and a lot of the long haulers. UM, 0:01:55.200 --> 0:01:58.520 We're not really seeing a big surge in cases, although 0:01:58.520 --> 0:02:00.480 a lot of those are really more were in the 0:02:01.320 --> 0:02:03.920 in the Midwest. I mean, we certainly know nationally are 0:02:04.040 --> 0:02:09.400 cases are up over fifty thousand a day of positive tests. Now, 0:02:09.600 --> 0:02:12.720 obviously not everyone is ill and not everyone has so 0:02:13.320 --> 0:02:17.040 does poorly, but certainly the number of cases increasing. And 0:02:17.200 --> 0:02:20.240 in the New York City area we certainly have a 0:02:20.240 --> 0:02:24.240 few pockets where uh there is uh kind of a 0:02:24.280 --> 0:02:26.799 surge in cases. We're not seeing a lot of that 0:02:27.160 --> 0:02:31.160 in the office yet, at least in with my colleagues, 0:02:31.760 --> 0:02:35.560 and the hospitals too seem to have, you know, not 0:02:35.760 --> 0:02:39.720 zero cases, but certainly not the surge that we saw previously. 0:02:39.880 --> 0:02:42.640 So will it come hard to know? We're certainly in 0:02:42.680 --> 0:02:45.800 Europe and around the world we're seeing really that second 0:02:45.840 --> 0:02:49.840 or third wave hit. So that is the challenge. So 0:02:50.200 --> 0:02:53.240 dr at n y U Landgoing Medical Center, a huge 0:02:53.320 --> 0:02:57.000 medical center, UM, one of the finest obviously in New 0:02:57.080 --> 0:03:00.440 York City. How have you in the hospital as they're 0:03:00.880 --> 0:03:03.600 kind of starting to prepare yourself what might be a 0:03:03.680 --> 0:03:06.040 second wave? That first wave that we all experienced back 0:03:06.040 --> 0:03:08.679 in March and April was so jarring for sin for 0:03:08.760 --> 0:03:12.760 the medical facilities. What changes have been made? Well, it's 0:03:12.760 --> 0:03:16.520 deferently a challenge because we're now beginning to really see 0:03:16.639 --> 0:03:19.760 over the last month or so, all of those patients 0:03:19.800 --> 0:03:23.320 that were afraid to come in, so elective surgery and 0:03:23.440 --> 0:03:27.760 colonoscopies and stress tests and uh, you know, all of 0:03:27.800 --> 0:03:32.640 their general medical care is really surged two pre COVID levels, 0:03:33.000 --> 0:03:35.400 which is good news. People are getting taken care of 0:03:35.880 --> 0:03:39.880 everyone for sort and certainly um, whether it's surgery or 0:03:40.320 --> 0:03:44.440 some cases, uh, they get swabbed to make sure everyone 0:03:44.480 --> 0:03:47.160 to all the patients are in a COVID free zone. 0:03:47.600 --> 0:03:53.440 But there's certainly awareness among hospital leadership that a similar 0:03:53.440 --> 0:03:57.600 strategy may have to be implemented where the hospital has 0:03:57.640 --> 0:04:02.360 more beds and more areas available if if those COVID 0:04:02.400 --> 0:04:06.960 patients come back. And certainly in terms of treatment, it's 0:04:06.960 --> 0:04:09.800 a very dynamic area. There were just some studies that 0:04:09.880 --> 0:04:14.200 really questioned how effective ramdesivie is. UM. There was a 0:04:14.360 --> 0:04:17.159 w h O study and and so that is part 0:04:17.160 --> 0:04:22.120 of the standard cocktail. President Trump got that certainly alone, 0:04:22.200 --> 0:04:26.599 that may not be that effective. So it's really a 0:04:26.680 --> 0:04:29.880 dynamic landscape where we're trying a number of things and 0:04:30.080 --> 0:04:33.080 things are not completely proven. But you know, there's good 0:04:33.080 --> 0:04:36.760 news as well. Fiser uh, coming to the end of 0:04:36.760 --> 0:04:40.200 their Phase three study and may be able to get 0:04:40.640 --> 0:04:44.680 vaccine approval. We're not hearing a lot of complications from 0:04:44.720 --> 0:04:47.920 the vaccines. Now again they don't publicize all of that. 0:04:48.240 --> 0:04:50.480 Eventually that we'll all have to go through the FDA, 0:04:51.000 --> 0:04:53.479 But we're not hearing a lot of problems. So I'm 0:04:53.600 --> 0:04:56.200 encouraged by the vaccine, although it certainly is going to 0:04:56.240 --> 0:04:59.640 be months away before everyone starts getting it right, especially 0:04:59.640 --> 0:05:01.400 when you se about the ramp up right, like we've 0:05:01.400 --> 0:05:03.880 we've got some stories on the Bloomberg just now. States 0:05:03.880 --> 0:05:06.760 are figuring out like there isn't one one version where 0:05:06.760 --> 0:05:08.800 the federal government says, hey, guys, here's how we're going 0:05:08.839 --> 0:05:10.920 to roll out the vaccine. It's states are kind of 0:05:10.920 --> 0:05:14.680 scrambling to figure out how to do it right. Well, first, 0:05:14.800 --> 0:05:17.160 you know, they have to be approved and if you 0:05:17.160 --> 0:05:20.960 know approved and the data reviewed, and you know, there's 0:05:21.000 --> 0:05:23.919 some concerns, are they really rushing it? And this is 0:05:24.040 --> 0:05:27.920 a record time because it's not even a year. It's amazing, 0:05:27.960 --> 0:05:30.880 you know, February March is when the first cases came 0:05:30.880 --> 0:05:34.960 out and we're now in you know, October, so it 0:05:35.160 --> 0:05:38.080 is really quite amazing to have developed it and with 0:05:38.240 --> 0:05:42.239 unique technology that messager r n A, you know, Majorna Fiser. 0:05:42.880 --> 0:05:45.080 I mean, there are a variety of techniques and all 0:05:45.120 --> 0:05:49.279 of them are really much faster than the traditional methods. 0:05:49.279 --> 0:05:51.719 And it's amazing to be, you know, in these phase 0:05:51.800 --> 0:05:55.240 three studies, which is really sort of the before approval 0:05:55.279 --> 0:05:58.320 and release. And I think it's encouraging if you have 0:05:58.400 --> 0:06:02.960 thirty patients. Granted it's not millions or hundreds of millions, 0:06:03.000 --> 0:06:05.680 but if we're not really seeing significant side effects, I 0:06:05.720 --> 0:06:08.160 think that that's encouraging. So I do want to ask 0:06:08.200 --> 0:06:10.440 you Ian, you know, so goes Europe? Does so go 0:06:10.520 --> 0:06:12.720 the United States? And I asked that because I've been 0:06:12.760 --> 0:06:14.800 talking with some folks over in Asia and they're like, 0:06:14.839 --> 0:06:17.360 if you want clues of kind of maybe what happens 0:06:17.360 --> 0:06:19.120 next for you in the US, just look at what's 0:06:19.160 --> 0:06:21.400 going on in Asia. But we know it's not apples 0:06:21.440 --> 0:06:23.400 to apples, whether it's Asian in the U S or 0:06:23.440 --> 0:06:25.880 Europe in the US. So when we see those rising 0:06:25.960 --> 0:06:28.920 numbers in Europe, what should we take from that, potentially 0:06:29.720 --> 0:06:33.160 as US citizens or nothing? Maybe? You know, I I 0:06:33.240 --> 0:06:38.000 agree with you. I think globally we're certainly seeing another wave. 0:06:38.400 --> 0:06:41.920 And in South America and certainly in Europe France, uh 0:06:42.400 --> 0:06:46.320 almost declaring a state of emergency is a things borderline 0:06:46.760 --> 0:06:50.920 and both student seasonal factors. As the weather gets cooler, 0:06:50.960 --> 0:06:55.960 there's less outdoor distancing, there's more indoor meeting. Um until 0:06:56.000 --> 0:07:00.160 it's not uncommon. We sold this in with very as 0:07:00.279 --> 0:07:04.360 waves of the H one N one Spanish flu. Well, 0:07:04.400 --> 0:07:11.360 I did not see that at did not memory. Uh right, 0:07:11.920 --> 0:07:16.440 so uh so, and without a vaccine and without effective treatment, 0:07:16.520 --> 0:07:19.840 it's not totally shocking to see that. It is a 0:07:19.880 --> 0:07:23.880 little hard to explain country by country variations that are 0:07:23.920 --> 0:07:28.600 part of that is habits and mask wearing and social distancing. 0:07:28.840 --> 0:07:32.800 Part of it may also relate to underlying health. In 0:07:32.800 --> 0:07:35.960 other words, there are some countries that are thinner, healthier, 0:07:36.200 --> 0:07:40.080 and we do know that diabetes, high blood pressure, elevated weight, 0:07:40.120 --> 0:07:44.040 and unfortunately, in the United States, we have an epidemic 0:07:44.080 --> 0:07:46.880 of obesity, we have an epidemic of type two diabetes, 0:07:46.960 --> 0:07:50.440 We have an epidemic um of a lot of those 0:07:50.440 --> 0:07:54.360 health issues, and that makes us more vulnerable to the virus. 0:07:54.360 --> 0:07:58.440 So when when people who are not in in optimal 0:07:58.480 --> 0:08:04.200 health get exposed to the virus, higher complication rights, higher hospitalizations, 0:08:04.240 --> 0:08:07.160 and higher death rates. So individually we need to take 0:08:07.200 --> 0:08:10.560 care of ourselves and and do smart things like mass scoring. 0:08:10.600 --> 0:08:13.080 I certainly agree. I think we we have a good 0:08:13.120 --> 0:08:18.200 consensus alone, that's probably not enough. And certainly people need 0:08:18.280 --> 0:08:21.520 to get their diseases under control of better diet, lose weight, 0:08:22.400 --> 0:08:24.960 exercise more. Should we make sure we get like the 0:08:25.280 --> 0:08:27.360 normal flu shot things like that, just to make sure 0:08:27.400 --> 0:08:29.960 we're not kind of, you know, more vulnerable in terms 0:08:30.000 --> 0:08:34.360 of health. Yeah, Carol is usual, You're you're on the case, 0:08:34.840 --> 0:08:38.960 and yeah, absolutely want to minimize co morbidities or the 0:08:38.960 --> 0:08:41.800 worst thing would be getting flu and COVID, and most 0:08:42.440 --> 0:08:45.079 we think that that double virus hit would have a 0:08:45.160 --> 0:08:49.280 much higher morbidity and mortality. So while we're waiting for 0:08:49.320 --> 0:08:52.360 approval of monoclonal LANDI buddies, and while we're waiting approval 0:08:52.400 --> 0:08:56.600 for messenger RNA and other um vaccines, we have to 0:08:56.640 --> 0:08:59.640 be very vigilant, you know, with mass scoring and handwashing 0:08:59.720 --> 0:09:04.280 and and some people feel Tony Faucci Vitamin D supplementation. 0:09:04.320 --> 0:09:05.839 You don't want to take too much, you don't want 0:09:05.840 --> 0:09:07.880 to take too little. You know, you can find your 0:09:08.360 --> 0:09:12.600 find your levels and of course diet exercise, so weight loss. 0:09:13.200 --> 0:09:16.440 We've seen a lot of increased in weight by people 0:09:16.480 --> 0:09:20.360 staying indoors and eating poorly and gaining weight. So, you know, 0:09:20.400 --> 0:09:23.960 we have to take individual control while we're waiting for 0:09:24.040 --> 0:09:27.000 some technologic breakthroughs, which I think are coming. I mean 0:09:27.000 --> 0:09:29.920 they're they're they're here in a few months. All right, dr, 0:09:30.120 --> 0:09:32.440 let's go there. Vaccines, We've got a lot of companies 0:09:32.440 --> 0:09:34.319 working on them. Let's say we do, in fact to 0:09:34.360 --> 0:09:37.040 get some vaccines, you know, late this year, maybe first 0:09:37.080 --> 0:09:39.880 half of next year. What are your patients telling you 0:09:39.920 --> 0:09:44.920 about they're willing us to take a vaccine? Yeah, another 0:09:45.000 --> 0:09:48.520 good question. Certainly all the health care professionals I speak to, 0:09:48.600 --> 0:09:51.840 they are ready to take those vaccines. I'm certainly ready 0:09:51.880 --> 0:09:55.520 to do that because we're exposed every day. Uh, the 0:09:55.600 --> 0:09:58.520 patients really are. Some of them are afraid that we've 0:09:58.600 --> 0:10:01.319 rushed this. Uh. Some of them are afraid to take 0:10:01.360 --> 0:10:05.280 any vaccine, including what we recommend, you know, tetanus, pneumonias, 0:10:05.320 --> 0:10:09.240 shingles vaccine. So there are some not anti vaxxers, but 0:10:09.360 --> 0:10:11.760 people who are a little afraid to you know, to 0:10:11.880 --> 0:10:15.560 take vaccines. So it may be a challenge to get 0:10:15.600 --> 0:10:18.760 everybody on board with a COVID vaccine, and if only 0:10:18.800 --> 0:10:21.959 a small percentage of people take it, it's obviously going 0:10:22.000 --> 0:10:25.800 to be less effective. So I think if the first 0:10:25.880 --> 0:10:29.320 wave of people, perhaps helf care professionals and or elderly 0:10:29.360 --> 0:10:31.880 people in nursing homes take it, and they seem to 0:10:31.880 --> 0:10:35.360 do well, hopefully that will encourage everyone uh to line 0:10:35.440 --> 0:10:38.719 up and get on board in really quickly seconds. Are 0:10:38.800 --> 0:10:42.880 you surprised or comforted by New York schools that it 0:10:42.920 --> 0:10:46.079 seems to be for the most part, going fairly well. Yes, 0:10:46.200 --> 0:10:47.920 I I think there are a lot of reasons to 0:10:47.960 --> 0:10:50.880 get back. I think if it's done carefully, UH, it 0:10:50.960 --> 0:10:55.080 should be successful. This is Bloomberg Business Week with Carol 0:10:55.080 --> 0:11:00.200 Masser from Bloomberg Radio. So, Paul, kind of amazing. We're 0:11:00.240 --> 0:11:02.640 just seventeen days. I was going to ask you, because 0:11:02.640 --> 0:11:05.360 you're always good with how many days left? Seventeen days 0:11:05.360 --> 0:11:09.760 and I've got a clock up on my computer. I'm serious. Well, 0:11:09.760 --> 0:11:11.000 good for you, that's what we need. I mean, And 0:11:11.280 --> 0:11:14.319 last night was just compelling, you know, the dueling uh 0:11:14.640 --> 0:11:18.959 town halls, different networks, just crazy. Yeah, it's actually seventeen days, 0:11:19.000 --> 0:11:21.320 ten hours eleven minutes twenty nine seconds. That's how how 0:11:21.400 --> 0:11:23.400 much it's like the debt clock that we used to see. 0:11:23.440 --> 0:11:24.880 And I think it's still in New York City. All right, 0:11:24.920 --> 0:11:26.920 let's get to it with Bloomberg News White House correspondent 0:11:27.000 --> 0:11:30.240 Josh wyn Grove. He's on the phone, Um, and we 0:11:30.240 --> 0:11:32.440 were talking about your story on the Bloomberg the most 0:11:32.520 --> 0:11:40.320 read on the past I think eight hours, Josh about news. Yeah, well, 0:11:40.679 --> 0:11:43.600 I hope your editors are listening. But it talks about 0:11:43.640 --> 0:11:48.600 the president and how he's undercutting the campaign. Yeah, I mean, 0:11:49.120 --> 0:11:52.400 this is this is just the you take the good 0:11:52.400 --> 0:11:54.960 and the bad if you work for Donald Trump, you know. So, Yeah, 0:11:55.000 --> 0:11:58.040 all these poles are showing him trailing. It's narrower in 0:11:58.080 --> 0:12:00.040 the swing states, but pretty much not a lot of 0:12:00.120 --> 0:12:03.439 science of hope and seniors in suburban women or two 0:12:03.520 --> 0:12:07.960 groups that really stick out Trump one seniors in sixteen crucial, 0:12:08.040 --> 0:12:10.920 particularly for states like you know, Florida, Arizona, that kind 0:12:10.920 --> 0:12:14.040 of thing. And now he's losing to Biden by about 0:12:14.080 --> 0:12:17.360 the same margin, a huge swing among the senior vote. 0:12:17.600 --> 0:12:20.520 They're targeting ads and seniors. But uh, and he's as 0:12:20.520 --> 0:12:22.920 I speak, President Trump is giving an address in Florida 0:12:23.000 --> 0:12:27.319 aimed at seniors in particular, but that with that and 0:12:27.480 --> 0:12:31.000 with women, he tends to sort of counteract the message 0:12:31.040 --> 0:12:33.600 that his campaign is giving. In other words, you know, 0:12:33.720 --> 0:12:36.480 he makes fun of Biden for, you know, belonging in 0:12:36.480 --> 0:12:38.319 a nursing home while at the same time trying to 0:12:38.360 --> 0:12:41.680 commence seniors to vote for him. And with women, he's 0:12:41.679 --> 0:12:44.560 sort of has put these please you literally said this week, 0:12:44.600 --> 0:12:48.520 suburban women, will you please like me? As as these 0:12:48.559 --> 0:12:52.720 gender gaps just get wider with Biden. So you know 0:12:52.760 --> 0:12:55.400 that the Trump campaign they're trying to catch up. If 0:12:55.440 --> 0:12:58.000 you believe these polls are anything close to the sort 0:12:58.000 --> 0:13:01.680 of ten point nine point twelve point gap range, then 0:13:01.679 --> 0:13:03.760 you then you acknowledge they've got some catching up to do, 0:13:04.200 --> 0:13:06.120 and they're trying to do this. They kind of got 0:13:06.160 --> 0:13:08.839 work with what the President's only to give them. Yeah, Josh, 0:13:08.880 --> 0:13:11.800 it seems, you know, his campaign strategy seems to be 0:13:12.400 --> 0:13:15.640 these make it America Great rallies. But as I look 0:13:15.640 --> 0:13:19.839 at these rallies on TV, everybody's got the hat on um. 0:13:19.840 --> 0:13:23.680 It seems like there's not too many undecided uh that 0:13:23.760 --> 0:13:26.600 are being impacted by his strategy. Here in his last 0:13:26.600 --> 0:13:29.400 seventeen days. It seems like it's just kind of playing 0:13:29.440 --> 0:13:32.320 to his base and he's already got those folks there. 0:13:32.400 --> 0:13:35.320 There's a preaching to the choir risk for sure, and 0:13:35.400 --> 0:13:37.719 I think it's a little unclear into how big that is. 0:13:38.120 --> 0:13:39.800 The campaigns had to get a lot of data from 0:13:39.800 --> 0:13:41.720 the stuff, right, Like folks sign up for tickets, they 0:13:41.720 --> 0:13:43.760 could to sup phone number. A lot of these folks 0:13:43.840 --> 0:13:46.839 didn't vote in twenty six Some of them are independent, 0:13:46.960 --> 0:13:49.200 some of them are Democrats. That the campaign says, look, 0:13:49.320 --> 0:13:53.199 these rallies, a Trump likes them, and having Donald Trump 0:13:53.200 --> 0:13:55.319 a good mood is crucial if you work for the 0:13:55.360 --> 0:13:58.760 Trumps campaign. But be you know, it's it's about voter 0:13:58.880 --> 0:14:02.000 identification to certain extents. But that's how they're doing it. 0:14:02.080 --> 0:14:05.240 But look, you know, like Donald Trump's own approval rating 0:14:05.320 --> 0:14:08.360 is pretty locked in as well, you know, but they're 0:14:08.360 --> 0:14:10.560 not really backing off on him. In fact, keeps coming 0:14:10.559 --> 0:14:13.840 out every day, it seems, with a rally or two rallies. 0:14:13.840 --> 0:14:18.000 Heel be in Georgia later tonight. Every day. You know, 0:14:18.000 --> 0:14:21.480 it's just like more Trump all the time. So you know, there, 0:14:21.520 --> 0:14:23.160 if they're going to turn this around their banking that 0:14:23.200 --> 0:14:25.960 it's Donald Trump himself will be able to do it. 0:14:26.080 --> 0:14:28.840 And you know, there's there's not a lot of evidence 0:14:28.880 --> 0:14:31.840 in the polls that that kind of path will work, 0:14:31.960 --> 0:14:34.280 and they're early signs that turnout is going to spike. 0:14:34.320 --> 0:14:36.480 I think I think that was concerning to the Trump camp, 0:14:36.520 --> 0:14:39.720 you know, really sores that that. I don't think we'll 0:14:39.760 --> 0:14:42.000 be good news for Republicans. I mean, we've been all 0:14:42.000 --> 0:14:44.160 talking all day on Bloomberg that, you know. I think 0:14:44.160 --> 0:14:46.320 one of the stories I read um or and yours too, 0:14:46.360 --> 0:14:48.400 I think, you know, more than twenty one million Americans 0:14:48.960 --> 0:14:51.240 already participating in early voting. I mean, that's a that's 0:14:51.240 --> 0:14:54.960 a pretty big number. Two quick questions, can can either 0:14:55.040 --> 0:15:01.239 candidate win without Florida? Trump tech the yes. But basically 0:15:01.960 --> 0:15:04.080 Trump needs Florida a lot more than Biden does. Biden 0:15:04.160 --> 0:15:06.600 doesn't really need Florida at all. It'd be mixed to have, 0:15:07.640 --> 0:15:10.560 you know, but if Biden is winning Florida, we're probably 0:15:10.600 --> 0:15:14.920 looking at a blowout as Trump needs Florida and then 0:15:15.680 --> 0:15:18.560 some uh so, so you know, it's a it's a 0:15:18.680 --> 0:15:21.040 very competitive state, but it really you know, they just 0:15:21.080 --> 0:15:24.840 announced that Barack Obama is a campaign in Pennsylvania that 0:15:24.920 --> 0:15:28.000 looks to be the real sort of tipping points state. 0:15:28.080 --> 0:15:31.640 Biden is leading in Michigan, leading in Wisconsin. If he 0:15:31.760 --> 0:15:35.440 wins those and takes Pennsylvania, that will probably do it. 0:15:35.840 --> 0:15:38.440 But there's other paths to get there as well. And 0:15:38.480 --> 0:15:40.120 we'll see. For instance, the President is going to go 0:15:40.120 --> 0:15:44.280 to Michigan and wisconsinin this weekend, Arizona and Nevada as well. 0:15:44.800 --> 0:15:47.240 And what about when it comes to early polling, does 0:15:47.280 --> 0:15:49.200 that usually go more in favor I know we talked 0:15:49.200 --> 0:15:53.120 about this, is Josh Green more in favorite Democrats versus Republicans? 0:15:53.200 --> 0:15:55.520 Or is there something different this time around? We've seen 0:15:55.560 --> 0:15:59.160 the lines. Yeah, yeah, I mean two things. So when 0:15:59.200 --> 0:16:01.840 I wrote about the morning, how Trumps, the notion of 0:16:02.160 --> 0:16:05.080 losing to Biden looks to irk Trump, right. It bothers 0:16:05.120 --> 0:16:07.120 him that he could lose to the joke practice, and 0:16:07.160 --> 0:16:10.040 that's starting to work its way into his speeches these 0:16:10.080 --> 0:16:12.160 last few days. The other thing that's worked its way 0:16:12.160 --> 0:16:14.680 and as he started talking about a red waves, he 0:16:14.800 --> 0:16:17.920 thinks that you know, come voting day, Republicans are going 0:16:17.960 --> 0:16:20.560 to show up in such numbers that they're gonna really 0:16:20.600 --> 0:16:24.680 swamp the high numbers on advanced turnout and that that 0:16:24.760 --> 0:16:27.600 speaks to the reality, which is the Democrats are far 0:16:27.800 --> 0:16:31.080 likelier to vote in advance, either in person, advance or 0:16:31.080 --> 0:16:35.320 by mail than Republicans are UH. And Republicans, conversely, are 0:16:35.360 --> 0:16:38.000 far more likely to vote on the day of and 0:16:38.040 --> 0:16:41.000 show up in person. And so you know, this is 0:16:41.320 --> 0:16:43.280 it's important to bear in mind as we prepare for 0:16:43.320 --> 0:16:46.440 the night of November three, in the morning of November fourth, 0:16:46.800 --> 0:16:50.320 and maybe the night of November four, because this could 0:16:50.320 --> 0:16:53.640 take a while. Every state treat advanced vot a little differently. 0:16:53.760 --> 0:16:56.520 Some are allowed to count them in advance, some are not. 0:16:56.840 --> 0:17:00.920 We are seeing blowout numbers in advanced voter turn UH 0:17:00.960 --> 0:17:02.800 in a lot of states right now. Of course, the 0:17:02.840 --> 0:17:05.159 pandemic is playing a role in it. Hey, Josh, what 0:17:05.160 --> 0:17:08.679 do we know about the future of any debate between 0:17:08.680 --> 0:17:11.479 now an election day? We know, well, they have one 0:17:11.480 --> 0:17:14.439 more schedule for next Thursday, six nights from now. That 0:17:14.480 --> 0:17:17.800 will be the last one, you know, they try. The 0:17:17.840 --> 0:17:20.800 Trump campaign wanted to push the debate that was supposed 0:17:20.840 --> 0:17:24.440 to be last night in its format. Excuse me. The 0:17:24.480 --> 0:17:26.520 Biding campaign wanted to push it until next week so 0:17:26.600 --> 0:17:28.840 they could do that. The Trump campaign wanted to push 0:17:28.880 --> 0:17:31.439 both of them a week. Fiding campaign said no, you 0:17:31.480 --> 0:17:33.080 know a bit of back and forth on that. That's 0:17:33.080 --> 0:17:36.679 why you had those dueling advanced last night. So it 0:17:36.720 --> 0:17:39.600 really all comes down to next week. You know, Traditionally 0:17:39.720 --> 0:17:42.520 it's the people that are trailing campaigns that need debates 0:17:42.600 --> 0:17:44.920 to catch up, right, you know, the leader gets the 0:17:45.280 --> 0:17:48.800 luxury of autopilot, and so we'll see what Donald Trump 0:17:48.880 --> 0:17:52.600 gets on that. Of course, we'll see. I don't know, 0:17:53.200 --> 0:17:56.280 I'm not looking more than the evance at this page. 0:17:56.520 --> 0:17:58.560 Things like things are so fast moving in some way. 0:17:58.800 --> 0:18:00.920 They just got about a minute left here, Josh, or 0:18:01.040 --> 0:18:04.320 about forty five seconds. Did either one come out ahead 0:18:04.400 --> 0:18:08.760 or gain something from last night? Um? I think the 0:18:08.880 --> 0:18:10.840 Donald Trump's answers on Q and on are going to 0:18:10.920 --> 0:18:13.520 resonate a bit, you know, not refusing to do devow it, 0:18:14.080 --> 0:18:16.800 but anything less than you know, a gain or a 0:18:16.840 --> 0:18:18.919 good night for Trump. It's a wing provide. And I 0:18:18.920 --> 0:18:22.040 think we're in that range. You know, we talked about 0:18:22.119 --> 0:18:24.159 not a lot of undecided voters. People have made up 0:18:24.160 --> 0:18:25.879 their minds. You sort of love the president or you 0:18:25.920 --> 0:18:29.159 don't love him. At this point, Uh, there's not a 0:18:29.160 --> 0:18:32.280 lot of evidence of their even early ratings or the 0:18:32.400 --> 0:18:35.360 sort of early reviews that suggest Trump hit a home run, 0:18:35.400 --> 0:18:37.800 and anything doing a home run for Trump is probably 0:18:37.800 --> 0:18:39.639 bad news for him because he needs to catch up. 0:18:39.800 --> 0:18:42.359 I feel like I'm watching like some great movie, you know, 0:18:42.480 --> 0:18:45.919 political movie, you know fiction, and then I'm like, no, no, no, 0:18:46.000 --> 0:18:48.160 this is a this is this is our life, it's 0:18:48.200 --> 0:18:51.600 our reality, right. Um, Josh, thank you so much, really 0:18:51.600 --> 0:18:55.119 appreciate it. Josh wind Grove, he'ss White House correspondent. Definitely 0:18:55.200 --> 0:18:57.600 check out all of his work on Bloomberg. You can 0:18:57.600 --> 0:19:01.120 find him at Josh Underscore. Wind Grove Um just kind 0:19:01.160 --> 0:19:04.400 of wild stuff. Paul, Yeah, wild stuff. And against seventeen 0:19:04.480 --> 0:19:06.359 days to the election, I wonderfu I'm gonna have to 0:19:06.359 --> 0:19:08.480 start counting down also to the Electoral College, you know, 0:19:08.560 --> 0:19:11.600 certifying uh this thing. I see that number out there 0:19:11.680 --> 0:19:14.520 as well. Hopefully this will be a clear enough decision 0:19:14.520 --> 0:19:16.879 on where they are they're on, you know, honor about 0:19:16.880 --> 0:19:21.120 election night, and the country can begin to move forward. Yes, 0:19:21.600 --> 0:19:26.080 this is Bloomberg Business Week with Carol Masser from Bloomberg Radio. 0:19:26.400 --> 0:19:30.080 When you talk to technology investors, two themes come up. 0:19:30.160 --> 0:19:32.359 It just seems time and time again. One is the cloud. 0:19:32.440 --> 0:19:34.720 Everything's going to the cloud, and that's gonna drive spending 0:19:35.040 --> 0:19:37.400 for the Mexican jillion years. And then the second one 0:19:37.480 --> 0:19:41.320 is five G. How this is the future of wireless 0:19:41.520 --> 0:19:45.439 Even Apple it got into the act this week launching 0:19:45.440 --> 0:19:48.479 its iPhone twelve with its five G capabilities. Let's get 0:19:48.520 --> 0:19:50.600 a sense of what this really means. And there's nobody 0:19:50.640 --> 0:19:54.000 better than Craig Moffatt, founding partner and senior analyst at 0:19:54.000 --> 0:19:56.200 Moffatt Nathanson. And if you want to know anything that's 0:19:56.240 --> 0:19:58.600 going on in the t MT space, you have to 0:19:58.600 --> 0:20:01.600 get the research from Moffatt Nathanson. He joins on the 0:20:01.680 --> 0:20:03.879 phone from New York. Craig, thanks so much for joining 0:20:03.920 --> 0:20:07.320 us here. What did you make of Apple, the iPhone 0:20:07.359 --> 0:20:12.840 twelve and just kind of five G in general? First 0:20:12.880 --> 0:20:14.440 of all, thank you for having me back on, Paul. 0:20:14.440 --> 0:20:17.399 It's good to talk to you again. You know, I 0:20:17.440 --> 0:20:20.760 would say this, I would say that if anything, UM, 0:20:20.840 --> 0:20:24.440 the Apple five G event, it sort of has been 0:20:24.480 --> 0:20:27.520 a little bit of an uncomfortable reminder for everybody that 0:20:27.640 --> 0:20:30.960 five G is not really fully baked yet UM and 0:20:31.480 --> 0:20:34.760 the the announcement has sort of forced everybody to come 0:20:34.800 --> 0:20:39.760 to grips with the idea that um that right now, UM, 0:20:39.760 --> 0:20:43.800 five G is still very much um a year or 0:20:43.800 --> 0:20:47.240 so away. And and I thought they were all kinds 0:20:47.320 --> 0:20:51.240 of queues about that in the in the Apple launch. 0:20:52.440 --> 0:20:55.840 So is it crazy? Um, high Craig, And I hope 0:20:55.840 --> 0:20:59.000 you're doing well. I do what I do. Wonder you know, 0:20:59.119 --> 0:21:01.840 my husband was up at eight am or before that, 0:21:01.920 --> 0:21:04.760 you know, because he wanted to order his new Apple iPhone, 0:21:05.040 --> 0:21:07.360 I swear to God. And he stayed up till three 0:21:07.400 --> 0:21:09.000 in the morning, you know, because when they open it 0:21:09.000 --> 0:21:12.240 all up, and he's going to order my new phone 0:21:12.600 --> 0:21:14.280 when it comes out, I think in a week or two. 0:21:14.440 --> 0:21:17.000 And so are we crazy? We've been kind of waiting 0:21:17.080 --> 0:21:20.280 for this. Are we crazy? Because five G isn't completely 0:21:20.280 --> 0:21:23.320 built out here? Well, if if five G is the 0:21:23.359 --> 0:21:26.200 reason that you're getting a new phone, then yes, that's 0:21:26.240 --> 0:21:30.320 not that's crazy. Um, it's just not ready yet. There 0:21:30.359 --> 0:21:32.360