1 00:00:00,080 --> 00:00:02,560 Speaker 1: My name is Kevin Cereli. I'm the chief Washington correspondent 2 00:00:02,600 --> 00:00:07,400 Speaker 1: for Bloomberg Television and for Bloomberg Radio. And my colleagues 3 00:00:07,440 --> 00:00:10,880 Speaker 1: Michael bar Jason Kelly, and Mike Lynch spoke earlier today 4 00:00:10,880 --> 00:00:15,560 Speaker 1: with Jason Wright, the president of the NFL's Washington football team, 5 00:00:15,600 --> 00:00:19,720 Speaker 1: about the reaction of professional athletes to racial injustice. Let's 6 00:00:19,760 --> 00:00:23,040 Speaker 1: listen to a portion of their conversation. I didn't wanna 7 00:00:23,520 --> 00:00:26,119 Speaker 1: take you back to in some ways where we started, 8 00:00:26,120 --> 00:00:29,280 Speaker 1: in terms of what you're doing in the moment as 9 00:00:29,320 --> 00:00:31,600 Speaker 1: it relates to players, and a lot of this comes 10 00:00:31,640 --> 00:00:33,960 Speaker 1: down to, again in the argot of business, sort of 11 00:00:34,000 --> 00:00:38,120 Speaker 1: talent management in a lot of ways, as we look 12 00:00:38,159 --> 00:00:40,920 Speaker 1: at what's going on with the n b A and 13 00:00:40,920 --> 00:00:43,680 Speaker 1: and even in Major League Baseball, which has evolved a 14 00:00:43,720 --> 00:00:46,839 Speaker 1: little bit over this summer. The NFL has taken a 15 00:00:46,840 --> 00:00:49,159 Speaker 1: lot of criticism over the past few years, all the 16 00:00:49,159 --> 00:00:52,760 Speaker 1: way back, uh or sort of at its most heightened moment, 17 00:00:53,400 --> 00:00:57,960 Speaker 1: with how it initially handled Colin Kaepernick and kneeling during 18 00:00:57,960 --> 00:01:01,480 Speaker 1: the national anthem. As you take this job and as 19 00:01:01,520 --> 00:01:04,400 Speaker 1: you look at this situation through the lens of a 20 00:01:04,400 --> 00:01:07,720 Speaker 1: former player as a business person, and now a president. 21 00:01:09,120 --> 00:01:13,679 Speaker 1: Is the NFL doing enough? Is the NFL different in 22 00:01:13,800 --> 00:01:18,200 Speaker 1: terms of how it's approaching its players and candidly empowering 23 00:01:18,280 --> 00:01:22,119 Speaker 1: them to say what they want to and need to say. Yeah, 24 00:01:22,160 --> 00:01:25,400 Speaker 1: I think it's hard for me to say day on 25 00:01:25,560 --> 00:01:29,400 Speaker 1: day four, however, Um, I think the thing I would 26 00:01:29,400 --> 00:01:32,080 Speaker 1: point to beyond what I shared about Coach Rivera and 27 00:01:32,120 --> 00:01:33,959 Speaker 1: how we're approaching it as a club, which I very 28 00:01:34,040 --> 00:01:40,360 Speaker 1: much support. Um. You know Commissioner good Deal's conversation that 29 00:01:40,400 --> 00:01:44,319 Speaker 1: he had with Emmanuel Acho on Uncomfortable Conversations with a 30 00:01:44,360 --> 00:01:48,440 Speaker 1: black man earlier this week, and people can see whatever 31 00:01:48,520 --> 00:01:50,280 Speaker 1: kind of way they want about how you know what 32 00:01:50,360 --> 00:01:54,440 Speaker 1: was in that conversation. And I understand cynicism, although I 33 00:01:54,440 --> 00:01:57,120 Speaker 1: don't think cynicism is I'm a cynic myself, but I 34 00:01:57,160 --> 00:01:58,960 Speaker 1: try to put it away when I'm focused on change, 35 00:01:58,960 --> 00:02:01,160 Speaker 1: because I don't think cynicism health to be a change 36 00:02:01,160 --> 00:02:04,680 Speaker 1: of maker. Um, but you know there's good reasons for 37 00:02:04,680 --> 00:02:07,880 Speaker 1: cynicism and all that stuff. Shut what what what? What 38 00:02:07,920 --> 00:02:14,320 Speaker 1: was remarkable to me about that conversation was an open uh, 39 00:02:14,320 --> 00:02:19,760 Speaker 1: an open view, a transparent lens into an individual evolution 40 00:02:19,880 --> 00:02:23,160 Speaker 1: of views. I think this is something that in general, 41 00:02:23,440 --> 00:02:26,360 Speaker 1: on difficult to discuss topics we don't often make space 42 00:02:26,400 --> 00:02:32,720 Speaker 1: for in society, um for people to learn to change 43 00:02:32,760 --> 00:02:36,600 Speaker 1: positions based on what they learned and to have you know, 44 00:02:37,040 --> 00:02:39,760 Speaker 1: added nuance and layers to how they think about things 45 00:02:39,840 --> 00:02:42,799 Speaker 1: over time, because people grow in their understandings as they're 46 00:02:42,800 --> 00:02:46,480 Speaker 1: exposed to other perspectives. And what I thought was great 47 00:02:46,600 --> 00:02:52,040 Speaker 1: about that conversation was visibly in a very clear way 48 00:02:52,040 --> 00:02:56,320 Speaker 1: seeing that evolution of thinking in Commissioner Goodell, My thinking 49 00:02:56,320 --> 00:02:58,240 Speaker 1: has evolved over time. Look, and someone who has been 50 00:02:58,240 --> 00:03:01,399 Speaker 1: engaged on topics of racial equity, especially around economic empowerment 51 00:03:01,440 --> 00:03:07,760 Speaker 1: for years. My thinking has evolved since Yeah, Kaepernick went 52 00:03:07,800 --> 00:03:11,240 Speaker 1: from initially sitting and then on the advice of former 53 00:03:11,280 --> 00:03:13,920 Speaker 1: military members taking a need to be more respectful, and 54 00:03:13,960 --> 00:03:17,120 Speaker 1: then the dialogue that has ensued since over years. You know, 55 00:03:17,760 --> 00:03:21,000 Speaker 1: my thinking has evolved since then on topics like this, 56 00:03:21,639 --> 00:03:25,440 Speaker 1: and I think the fact that there was public space 57 00:03:25,520 --> 00:03:28,919 Speaker 1: for that should be instructive to all of us. This 58 00:03:28,960 --> 00:03:31,840 Speaker 1: isn't about you know, being at least to me at least, 59 00:03:31,880 --> 00:03:35,160 Speaker 1: aren't within our organization being above some you know, some 60 00:03:35,240 --> 00:03:39,280 Speaker 1: bar of what you need to think believes etcetera, on 61 00:03:39,320 --> 00:03:42,800 Speaker 1: the topic of racial justice or any topic. But it's 62 00:03:42,840 --> 00:03:48,440 Speaker 1: about honest dialogue, expression of views, and evolution in a 63 00:03:48,520 --> 00:03:52,880 Speaker 1: direction of something that creates positive change where obviously changes needed. 64 00:03:53,520 --> 00:03:55,800 Speaker 1: It's like it's it's sort of like it's I think 65 00:03:55,800 --> 00:03:58,600 Speaker 1: it's a super over quoted, but you know, Dr King 66 00:03:58,600 --> 00:04:00,920 Speaker 1: said the ark of the moral university and towards justice, 67 00:04:01,080 --> 00:04:04,960 Speaker 1: you know, And I think it is not that the 68 00:04:05,120 --> 00:04:09,400 Speaker 1: arc vision is what really strikes me. It's you know, 69 00:04:09,440 --> 00:04:12,280 Speaker 1: it's I look at it as a slow bend or 70 00:04:12,320 --> 00:04:16,279 Speaker 1: a curvature that is gradual and represents a bit of 71 00:04:16,279 --> 00:04:19,240 Speaker 1: that evolution of how we move towards these things. Do 72 00:04:19,279 --> 00:04:22,080 Speaker 1: you need big disruption to catalyze it? Yes, that often 73 00:04:22,160 --> 00:04:25,520 Speaker 1: you do. But um, I think that's that that that 74 00:04:25,520 --> 00:04:28,160 Speaker 1: that's that's the best frame that I can put on 75 00:04:28,800 --> 00:04:31,039 Speaker 1: how I've seen this dialogue evolve over time and where 76 00:04:31,040 --> 00:04:33,440 Speaker 1: I see that the NFL is at this might be 77 00:04:33,480 --> 00:04:36,880 Speaker 1: breaking news. Um, your team has decided not to practice today. 78 00:04:36,920 --> 00:04:39,880 Speaker 1: That was as of nine fifty six am on Thursday morning. 79 00:04:40,279 --> 00:04:44,000 Speaker 1: Was this a decision made this morning or made last night? No, Yeah, 80 00:04:44,000 --> 00:04:46,039 Speaker 1: we actually did an announcement last night. It's just probably 81 00:04:46,040 --> 00:04:49,640 Speaker 1: trickling through now. It was like when it went out, um, yeah, 82 00:04:49,680 --> 00:04:54,680 Speaker 1: we're we We decided Coach Rivera uh and you know, 83 00:04:54,720 --> 00:04:57,320 Speaker 1: I jumped in the conversation with him and Dan Snyder 84 00:04:57,320 --> 00:05:01,159 Speaker 1: and all of us together decided that it would it 85 00:05:01,160 --> 00:05:06,240 Speaker 1: would be best to give the team's space to dialogue 86 00:05:06,240 --> 00:05:07,800 Speaker 1: about things. This is I was referencing that I thought 87 00:05:07,800 --> 00:05:09,920 Speaker 1: you guys already knew actually, but you know, we're your 88 00:05:10,200 --> 00:05:13,080 Speaker 1: coach and I were preparing for that conversation to have 89 00:05:13,520 --> 00:05:17,839 Speaker 1: a good, structured, open and productive conversation at the team 90 00:05:18,040 --> 00:05:22,039 Speaker 1: around race, but more importantly to hear from them to 91 00:05:22,120 --> 00:05:25,359 Speaker 1: help them inform you know, what the strategy will be 92 00:05:25,440 --> 00:05:29,680 Speaker 1: for Coach Ravera on the team side, on the football side, 93 00:05:30,160 --> 00:05:33,960 Speaker 1: and then understanding all of those inputs as I think 94 00:05:34,000 --> 00:05:37,720 Speaker 1: about how we have dialogue around these issues on the 95 00:05:37,760 --> 00:05:40,440 Speaker 1: business side, because you know, the business folks want to 96 00:05:40,480 --> 00:05:43,240 Speaker 1: have dialogue and stuff too. So yeah, that's what we're 97 00:05:43,279 --> 00:05:46,039 Speaker 1: that's what we're doing here in a little bit, and um, 98 00:05:46,320 --> 00:05:48,000 Speaker 1: who knows how it goes. It could be a great conversation, 99 00:05:48,040 --> 00:05:50,159 Speaker 1: it could be a crappy conversation. I don't know. The 100 00:05:50,200 --> 00:05:53,039 Speaker 1: point is to have it to be open and to 101 00:05:53,120 --> 00:05:56,680 Speaker 1: be honest and try to shepherd it in a positive direction. 102 00:05:58,200 --> 00:06:00,920 Speaker 1: That was my colleagues Michael R. Jason Kelly, and Mike 103 00:06:01,040 --> 00:06:04,680 Speaker 1: Lynch speaking earlier today with Jason Wright, who of course 104 00:06:04,760 --> 00:06:08,240 Speaker 1: is the president of the NFL's Washington football team, and 105 00:06:08,240 --> 00:06:12,360 Speaker 1: they were speaking about what has really become a historic 106 00:06:12,480 --> 00:06:18,279 Speaker 1: and historic day for professional sports, and uh, following what's 107 00:06:18,320 --> 00:06:21,160 Speaker 1: going on in Wisconsin. We're gonna talk about all of that, 108 00:06:21,240 --> 00:06:23,640 Speaker 1: and of course coming up a complete preview of the 109 00:06:23,680 --> 00:06:27,359 Speaker 1: President's speech tonight on the final night of the Virtual Convention, 110 00:06:27,520 --> 00:06:31,479 Speaker 1: and the ramifications of Hurricane Laura in the Gulf Coast. 111 00:06:31,480 --> 00:06:34,920 Speaker 1: But I want to bring into this important conversation Joe Madison, 112 00:06:34,960 --> 00:06:38,000 Speaker 1: who was the host of The Black Eagle on Sirius 113 00:06:38,240 --> 00:06:42,240 Speaker 1: x M. He is also a legendary civil rights activist 114 00:06:42,560 --> 00:06:45,400 Speaker 1: and is based here in Washington, d C. Joe, thank 115 00:06:45,400 --> 00:06:49,720 Speaker 1: you so much for your time. This I don't remember 116 00:06:49,760 --> 00:06:54,760 Speaker 1: in my lifetime another moment where sports stood still, with 117 00:06:54,880 --> 00:06:57,719 Speaker 1: the exception of after nine eleven. I mean, here we 118 00:06:57,760 --> 00:07:03,120 Speaker 1: have professional sports leagues canceling playoff games. Put in perspective 119 00:07:03,480 --> 00:07:11,679 Speaker 1: this moment. First of all, you're absolutely h correct, and 120 00:07:12,160 --> 00:07:17,640 Speaker 1: I as a former college football player UH. In the 121 00:07:18,560 --> 00:07:26,400 Speaker 1: UH mid sixties, we would have demonstrations UM in reference 122 00:07:26,520 --> 00:07:31,040 Speaker 1: to what African American players could or could not do 123 00:07:31,320 --> 00:07:35,880 Speaker 1: depending on the edict of their of their coach UM. 124 00:07:36,840 --> 00:07:41,360 Speaker 1: But but seasons were never canceled. UH players may have 125 00:07:41,400 --> 00:07:45,560 Speaker 1: gotten suspended or or spoke out, and very few of 126 00:07:45,600 --> 00:07:53,160 Speaker 1: them did collectively. I think I think what this reflects, 127 00:07:53,280 --> 00:08:00,480 Speaker 1: quite honestly, is how powerful these into these players are 128 00:08:00,800 --> 00:08:06,720 Speaker 1: collectively UM and and they recognize the power they have, 129 00:08:06,960 --> 00:08:12,080 Speaker 1: not just the influence socially and politically, but even the 130 00:08:12,280 --> 00:08:17,080 Speaker 1: economic power that they have. And I think that's a 131 00:08:17,160 --> 00:08:22,520 Speaker 1: part that people are are overlooking or haven't really UH 132 00:08:22,560 --> 00:08:25,280 Speaker 1: focused on. You know, the day on my show, I 133 00:08:25,320 --> 00:08:29,480 Speaker 1: had I had a fascinating lineup. I had Chris Webber 134 00:08:30,560 --> 00:08:36,520 Speaker 1: came on and then I had John Carlos, and Carlos 135 00:08:36,600 --> 00:08:41,800 Speaker 1: talked about how he how the how he had to 136 00:08:41,880 --> 00:08:46,960 Speaker 1: sacrifice the job of money money UM, how he was 137 00:08:47,400 --> 00:08:51,200 Speaker 1: financially left for dead and hope, but hold on because 138 00:08:51,240 --> 00:08:52,880 Speaker 1: I want to we we got to continue this conversation. 139 00:08:52,880 --> 00:08:55,079 Speaker 1: I got to jump He's You're gonna stick around and 140 00:08:55,120 --> 00:08:57,839 Speaker 1: we're gonna talk more about this. I'm Kevin Severi, Chief 141 00:08:57,840 --> 00:09:00,439 Speaker 1: Washington corresponded for Bloomberg Television and FRO Blomberg Radio. You're 142 00:09:00,440 --> 00:09:24,280 Speaker 1: listening to Bloomberg. You're listening to Bloomberg. Sound On with 143 00:09:24,400 --> 00:09:28,480 Speaker 1: Kevin Serle on Bloomberg and one oh five point seven 144 00:09:28,559 --> 00:09:34,640 Speaker 1: f m h D two. The year was Valentine's Day, 145 00:09:34,679 --> 00:09:40,320 Speaker 1: February at a Hampton bowling alley when then a high 146 00:09:40,360 --> 00:09:45,960 Speaker 1: school prodigal, Allen Iverson standout, was involved in an altercation 147 00:09:46,640 --> 00:09:53,280 Speaker 1: that rocked Virginia and the national sports conversation. Ultimately, the 148 00:09:53,360 --> 00:09:55,360 Speaker 1: answer went on to play at Georgetown and then of 149 00:09:55,400 --> 00:09:59,880 Speaker 1: course left an indelible mark not just on the basketball 150 00:10:00,000 --> 00:10:03,680 Speaker 1: the National Basketball Association, but also in Philadelphia culture and 151 00:10:03,800 --> 00:10:06,679 Speaker 1: national culture. And I've been thinking about this. My name 152 00:10:06,720 --> 00:10:08,960 Speaker 1: is Kevin Curli. I'm the chief Washington correspondent FRO Bloomberg 153 00:10:08,960 --> 00:10:12,240 Speaker 1: Television and from Bloomberg Radio. I've been thinking so much 154 00:10:12,600 --> 00:10:16,160 Speaker 1: about this in recent days, that trial in a bowling 155 00:10:16,160 --> 00:10:20,160 Speaker 1: alley and the race element, the racial elements of that trial, 156 00:10:20,920 --> 00:10:24,200 Speaker 1: as the boycotts over police shootings that started in the 157 00:10:24,280 --> 00:10:28,560 Speaker 1: NBA have spread across US sports. Brandon coch Cockton reporting 158 00:10:28,600 --> 00:10:31,360 Speaker 1: on the Bloomberg terminal teams in Major League Baseball, the 159 00:10:31,520 --> 00:10:34,640 Speaker 1: w n b A and Major League Soccer joined NBA 160 00:10:34,720 --> 00:10:39,839 Speaker 1: players in solidarity, prompting a spate of cancelations. The disruptions 161 00:10:39,880 --> 00:10:44,600 Speaker 1: pulled professional sports further into the national controversy over police shootings, 162 00:10:44,600 --> 00:10:49,520 Speaker 1: threatening financial consequences for team owners and players, broadcasters, marketers 163 00:10:49,559 --> 00:10:52,760 Speaker 1: of memorabilia, and even betting houses. Not to mention folks 164 00:10:53,600 --> 00:10:55,760 Speaker 1: all of the mom and pop shops and small businesses 165 00:10:55,960 --> 00:11:00,720 Speaker 1: and restaurants and bars surrounding this in industry that had 166 00:11:00,760 --> 00:11:05,440 Speaker 1: been absolutely uh punched by the pandemic. The growing protests 167 00:11:05,480 --> 00:11:08,480 Speaker 1: especially threatened to disrupt efforts by the NBA and MLB 168 00:11:08,800 --> 00:11:14,760 Speaker 1: to complete their coronavirus shortened seasons. Wow, Joe Madison is 169 00:11:14,840 --> 00:11:18,120 Speaker 1: still with me. He is a legendary civil rights activist 170 00:11:18,200 --> 00:11:20,720 Speaker 1: and hosted The Black Eagle on Sirious Sex. You know, 171 00:11:20,880 --> 00:11:24,360 Speaker 1: Joe helped put this into context because we're looking at 172 00:11:24,360 --> 00:11:27,320 Speaker 1: the developments of Kenosha, Wisconsin, and I keep thinking about 173 00:11:27,360 --> 00:11:32,920 Speaker 1: that trial and Hampton in in in Virginia, when a 174 00:11:33,000 --> 00:11:36,280 Speaker 1: kid at the time like Allen Iverson was thrust into 175 00:11:36,320 --> 00:11:41,600 Speaker 1: the national conversation, and I just keep thinking about it. Joe, Well, 176 00:11:41,720 --> 00:11:47,040 Speaker 1: and because it's impacted your generation. You know you take 177 00:11:47,160 --> 00:11:51,680 Speaker 1: my generation a Kevin. I think about the trial of 178 00:11:51,800 --> 00:11:58,960 Speaker 1: Mohammed Ali. I think about the the trial of you know, 179 00:11:59,120 --> 00:12:03,760 Speaker 1: it's reflect on history. Look what Kurt Flood did. Um. 180 00:12:03,800 --> 00:12:11,839 Speaker 1: I think about how uh Arthur Ash was ostracized. Why 181 00:12:12,000 --> 00:12:14,360 Speaker 1: because he said, I'm not going to play in South 182 00:12:14,400 --> 00:12:19,920 Speaker 1: Africa because of the apartheid, the movement, the the I 183 00:12:19,960 --> 00:12:24,400 Speaker 1: think the difference is one what I and I started 184 00:12:24,480 --> 00:12:27,160 Speaker 1: to say. The other person I had on this morning 185 00:12:27,480 --> 00:12:34,520 Speaker 1: was Mohammed Ali's grandson, Jacob Ali Wortheimer, who's an athlete 186 00:12:34,720 --> 00:12:39,280 Speaker 1: at Harvard in his senior year, and he homed in. 187 00:12:40,040 --> 00:12:46,880 Speaker 1: The difference is that one, this was spontaneous and two 188 00:12:47,720 --> 00:12:50,959 Speaker 1: these young men and women, let's not leave out the 189 00:12:51,200 --> 00:12:54,400 Speaker 1: w n v A. They got involved. Too often women 190 00:12:54,400 --> 00:12:59,920 Speaker 1: are left out of this discussion. They they responded collected 191 00:13:00,000 --> 00:13:05,400 Speaker 1: of league, uh, not just as individuals, but collectively. And 192 00:13:05,600 --> 00:13:09,520 Speaker 1: that's the distinct uh difference. You know, you can you 193 00:13:09,640 --> 00:13:13,000 Speaker 1: can have a tremendous impact on an individual like Iverson 194 00:13:13,080 --> 00:13:17,160 Speaker 1: in his case, are like Arthur Ash, you can have 195 00:13:17,800 --> 00:13:21,760 Speaker 1: you know, It's one thing when one individual decides I'm 196 00:13:21,760 --> 00:13:28,880 Speaker 1: not going to play, but when an entire team. Besides spontaneously, 197 00:13:29,440 --> 00:13:32,520 Speaker 1: we're not going to do it. They recognize the power 198 00:13:32,640 --> 00:13:36,280 Speaker 1: that they have collectively. Now, of course they've voted to 199 00:13:36,360 --> 00:13:39,520 Speaker 1: come back, Kevin said, Kevin, I think they've they're going 200 00:13:39,559 --> 00:13:43,200 Speaker 1: to finish the season. But let me tell you, I 201 00:13:43,280 --> 00:13:46,000 Speaker 1: just got off the phone with some people who are 202 00:13:46,040 --> 00:13:50,280 Speaker 1: down there in Florida. That was a business decision. Uh. 203 00:13:50,360 --> 00:13:53,959 Speaker 1: That had to do with an agreement, a contractual agreement 204 00:13:54,520 --> 00:14:00,439 Speaker 1: with the owners and the players association. Uh. And and 205 00:14:00,480 --> 00:14:03,480 Speaker 1: now what are the details of that agreement and what 206 00:14:03,600 --> 00:14:07,840 Speaker 1: they've worked out. I don't know. But these young men 207 00:14:08,040 --> 00:14:14,760 Speaker 1: and women recognize the power that they possess and the 208 00:14:14,880 --> 00:14:20,320 Speaker 1: influence that they have, which in some cases is either 209 00:14:20,640 --> 00:14:26,040 Speaker 1: more or maybe maybe equal or more than the than 210 00:14:26,160 --> 00:14:29,400 Speaker 1: the ownership. Well, I think that's a fascinating point. I mean, 211 00:14:29,400 --> 00:14:32,600 Speaker 1: it really is. You could you could take that example 212 00:14:32,720 --> 00:14:37,360 Speaker 1: and say employees versus ownership of of of organizations. The President, 213 00:14:37,440 --> 00:14:40,680 Speaker 1: weighing in on this quote, people are tired of the NBA, 214 00:14:40,760 --> 00:14:43,320 Speaker 1: President Trump said, during a visit to the Federal Emergency 215 00:14:43,320 --> 00:14:47,480 Speaker 1: Management Agency, They've become like a political organization, and that's 216 00:14:47,480 --> 00:14:49,360 Speaker 1: not a good thing. I don't think that's a good 217 00:14:49,360 --> 00:14:52,400 Speaker 1: thing for sports or for the country. That's according to 218 00:14:52,400 --> 00:14:54,920 Speaker 1: the president. Let me tell you that is such a 219 00:14:55,000 --> 00:14:59,280 Speaker 1: b as I'm you know, I'm just gonna be candid 220 00:14:59,400 --> 00:15:01,960 Speaker 1: with you. Just don't curse so I'll get in trouble. 221 00:15:02,000 --> 00:15:04,520 Speaker 1: Go ahead, No, I'm not thank you my show. I 222 00:15:04,560 --> 00:15:09,480 Speaker 1: have a purse jar with my studio sold one of 223 00:15:09,560 --> 00:15:15,280 Speaker 1: us does. But but he look we just said it. 224 00:15:15,840 --> 00:15:18,960 Speaker 1: Are you kidding me? Look at the influence that Arthur 225 00:15:19,000 --> 00:15:24,040 Speaker 1: has had. Look at the influence that that Kurt Flood had. 226 00:15:24,440 --> 00:15:28,600 Speaker 1: Look at the man of fact politics and sports, Jeck 227 00:15:28,720 --> 00:15:36,320 Speaker 1: Johnson and the great bonsor you pa. Sports is part 228 00:15:37,160 --> 00:15:41,600 Speaker 1: of the of the social and political fabrics of the 229 00:15:41,400 --> 00:15:45,240 Speaker 1: of of our country. It always has. And I'm going 230 00:15:45,280 --> 00:15:46,920 Speaker 1: to go one step further. I mean, do you think 231 00:15:46,920 --> 00:15:51,080 Speaker 1: that there's an element of artistic expression even when for 232 00:15:51,080 --> 00:15:54,520 Speaker 1: for the athletes, especially the best athletes in the world. 233 00:15:54,600 --> 00:15:57,160 Speaker 1: I mean, they're they're what what they say for the 234 00:15:57,240 --> 00:16:01,760 Speaker 1: human condition and right now the human can is is 235 00:16:01,800 --> 00:16:07,080 Speaker 1: the human condition and begging for a national conversation. Look, 236 00:16:07,200 --> 00:16:09,960 Speaker 1: look that's what that's you you almost you must have 237 00:16:10,040 --> 00:16:13,400 Speaker 1: been listening to the show when John Carlos said the 238 00:16:13,480 --> 00:16:17,960 Speaker 1: same thing when he and Tommy Smith stood up and 239 00:16:18,080 --> 00:16:21,720 Speaker 1: raised that that cyst at the Olympics, he said to me, 240 00:16:21,920 --> 00:16:25,280 Speaker 1: we were doing this for John Carlos and Tommy Smith. 241 00:16:26,040 --> 00:16:33,000 Speaker 1: We were addressing the issues of humanity. We represented our country, 242 00:16:33,280 --> 00:16:37,760 Speaker 1: we represented what the United States were supposed to stand for. 243 00:16:38,440 --> 00:16:43,480 Speaker 1: And and the impact that that that that they did 244 00:16:43,640 --> 00:16:49,160 Speaker 1: in the Mexico Olympics vibrated with these young athletes today. 245 00:16:49,320 --> 00:16:53,240 Speaker 1: I mean that that So that's why I mean these 246 00:16:53,600 --> 00:16:58,600 Speaker 1: these you know, as a as Chris Webber said. You know, 247 00:16:58,680 --> 00:17:02,120 Speaker 1: Chris Webber told me that when he was playing for 248 00:17:02,200 --> 00:17:05,440 Speaker 1: Washington here Washington d C. He would get pulled over 249 00:17:05,520 --> 00:17:09,240 Speaker 1: by police who the first question they would ask him 250 00:17:09,680 --> 00:17:12,600 Speaker 1: is who was he to have such a fancy car? 251 00:17:13,840 --> 00:17:17,760 Speaker 1: And and and and that's why these young men and women, 252 00:17:17,800 --> 00:17:21,160 Speaker 1: these young athletes are are doing this, As Chris Webber said, 253 00:17:21,240 --> 00:17:27,200 Speaker 1: this is this is about our families, ourselves, our fans 254 00:17:27,880 --> 00:17:31,720 Speaker 1: are you know, and and and and enough is enough? 255 00:17:32,080 --> 00:17:34,760 Speaker 1: And I think the one who had the most influence 256 00:17:34,840 --> 00:17:40,080 Speaker 1: on them really was Dr Rivers because he spoke as 257 00:17:40,160 --> 00:17:44,520 Speaker 1: an elder, and he spoke from the heart, and I 258 00:17:44,560 --> 00:17:50,679 Speaker 1: think these young people uh felt that and said what 259 00:17:51,040 --> 00:17:56,600 Speaker 1: maybe the John Lewis generation said, and that is enough enough. 260 00:17:57,320 --> 00:18:02,919 Speaker 1: What we saw even after uh, George Floyd. Yeah, but 261 00:18:03,040 --> 00:18:09,399 Speaker 1: what we saw is all of US athletes black white. 262 00:18:10,080 --> 00:18:14,040 Speaker 1: We should have been outraged and and we're gonna and listen. 263 00:18:14,160 --> 00:18:16,880 Speaker 1: You've been so incredibly generous with your time, Joe Madison, 264 00:18:16,920 --> 00:18:18,960 Speaker 1: please come back, and this is gonna be a conversation 265 00:18:19,000 --> 00:18:20,920 Speaker 1: that we're going to continue to have because I gotta 266 00:18:20,960 --> 00:18:23,280 Speaker 1: tell you, I was speaking with Republicans and Democrats up 267 00:18:23,280 --> 00:18:25,480 Speaker 1: there on the hill for the NBA. They are now 268 00:18:26,040 --> 00:18:28,119 Speaker 1: caught up in this and this is gonna be a 269 00:18:28,160 --> 00:18:31,119 Speaker 1: conversation that's gonna go on. Joe Madison. I am so 270 00:18:31,200 --> 00:18:34,679 Speaker 1: incredibly grateful, sir for your time. And I cannot stop 271 00:18:34,720 --> 00:18:38,080 Speaker 1: thinking about a bowling alley in Hampton, Virginia. I'm Kevin 272 00:18:38,080 --> 00:18:56,119 Speaker 1: CURRELLI you're listening to Bloomberg. How do we reopen this economy? 273 00:18:56,240 --> 00:18:59,359 Speaker 1: The latest on how this pandemic is impacting farmers. What 274 00:18:59,480 --> 00:19:03,240 Speaker 1: does this from the United States relationship with China? Bloomberg 275 00:19:03,480 --> 00:19:08,119 Speaker 1: sound on the inside, the influencers, the insides. We're responding 276 00:19:08,119 --> 00:19:11,560 Speaker 1: to this crisis, and manufacturers are stepping up like never before. 277 00:19:11,720 --> 00:19:14,800 Speaker 1: You're looking at seventy kennidates for different vactines. How do 278 00:19:14,840 --> 00:19:18,200 Speaker 1: we make sure a pandemic of this scale never happens again? 279 00:19:18,480 --> 00:19:22,919 Speaker 1: This is Bloomberg Sound On with Kevin Surrelate on Bloomberg 280 00:19:24,160 --> 00:19:27,800 Speaker 1: and one oh five point h d two. President Trump's 281 00:19:27,800 --> 00:19:31,240 Speaker 1: big speech at the Virtual Republican National Convention. What will 282 00:19:31,280 --> 00:19:33,720 Speaker 1: he say? What tone will he strike? And will it 283 00:19:33,800 --> 00:19:39,560 Speaker 1: make an impact on the race? Meanwhile, sports shutting down 284 00:19:39,640 --> 00:19:43,320 Speaker 1: the day, sports stood still? How what's happening in Wisconsin 285 00:19:44,000 --> 00:19:47,080 Speaker 1: is a moment of reckoning in the sports leagues? And 286 00:19:47,240 --> 00:19:51,119 Speaker 1: Hurricane Laura update as it begins to pummel the Gulf coast. 287 00:19:51,160 --> 00:19:53,480 Speaker 1: Lots to get through, but first let's get a check 288 00:19:53,520 --> 00:19:57,080 Speaker 1: of the headlines from my good friend Nancy lions Nance. Hey, Kevin, thanks. 289 00:19:57,119 --> 00:19:59,879 Speaker 1: President Trump says he does plan to visit storm damage 290 00:20:00,000 --> 00:20:02,640 Speaker 1: parts of the Gulf Coast. Will probably be going on 291 00:20:02,640 --> 00:20:06,679 Speaker 1: Saturday or Sunday, and we'll be heading to Texas and 292 00:20:06,760 --> 00:20:11,159 Speaker 1: Louisiana and maybe an additional Trump spoke while visiting the 293 00:20:11,200 --> 00:20:15,360 Speaker 1: Federal Emergency Management Agency to monitor the storm's assault. Well. 294 00:20:15,359 --> 00:20:18,399 Speaker 1: President Trump says people are tired of the NBA, and 295 00:20:18,440 --> 00:20:21,520 Speaker 1: he's calling it a political organization. After the players sat 296 00:20:21,560 --> 00:20:26,080 Speaker 1: out playoff games and protest over police shootings and racial inequality. 297 00:20:26,440 --> 00:20:29,040 Speaker 1: Dr Harry Edwards is a civil rights activist and you 298 00:20:29,119 --> 00:20:33,080 Speaker 1: see Berkeley Professor emeritus. He spoke with Bloomberg's balance of power. 299 00:20:33,400 --> 00:20:35,920 Speaker 1: Their next step has to be how do we get 300 00:20:35,960 --> 00:20:39,840 Speaker 1: the owners, the league, uh the teams, all of the 301 00:20:39,880 --> 00:20:42,040 Speaker 1: players on the same page in terms of what our 302 00:20:42,080 --> 00:20:44,440 Speaker 1: next steps are going to be as far as leveraging 303 00:20:44,480 --> 00:20:46,840 Speaker 1: this power and influence that we have in this moment. 304 00:20:46,920 --> 00:20:49,320 Speaker 1: The NBA says it wants the league to resume games 305 00:20:49,320 --> 00:20:52,920 Speaker 1: either tomorrow or Saturday. Kamala Harris is speaking out against 306 00:20:52,960 --> 00:20:56,600 Speaker 1: the Kenosha police shooting of Jacob Blake. The vice presidential 307 00:20:56,640 --> 00:21:00,080 Speaker 1: candidate is pledging action to the parents of victims of 308 00:21:00,119 --> 00:21:04,200 Speaker 1: police brutality. Here's my promise to those mothers and fathers 309 00:21:04,200 --> 00:21:09,560 Speaker 1: and all who stand with them. In a Biden Harris administration, 310 00:21:10,440 --> 00:21:13,240 Speaker 1: you will have a seat at the table. Harris, of 311 00:21:13,320 --> 00:21:17,760 Speaker 1: former prosecutor, says it's time for police reforms. Tomorrow activists 312 00:21:17,760 --> 00:21:19,919 Speaker 1: will also push for those reforms as they gather on 313 00:21:19,960 --> 00:21:22,560 Speaker 1: the National Mall to mark fifty seven years since the 314 00:21:22,600 --> 00:21:25,880 Speaker 1: March on Washington led by Martin Luther King Jr. This 315 00:21:25,920 --> 00:21:29,600 Speaker 1: event is dubbed Commitment March Get Your Knees off Our Next. 316 00:21:29,800 --> 00:21:33,320 Speaker 1: It's organized. The Reverend Al Sharpton tells dal Jones he 317 00:21:33,400 --> 00:21:37,119 Speaker 1: hopes it will galvanize Congress into action against police brutality. 318 00:21:37,440 --> 00:21:40,280 Speaker 1: The march will feature speeches from George Floyd's family, as 319 00:21:40,280 --> 00:21:42,840 Speaker 1: well as the father of Jacob Blake, the man shot 320 00:21:42,880 --> 00:21:46,159 Speaker 1: and left paralyzed by police in Kenosha, Wisconsin, last weekend. 321 00:21:46,520 --> 00:21:49,840 Speaker 1: Sharpton says Blake's father was already planning to attend the march, 322 00:21:50,000 --> 00:21:51,879 Speaker 1: but now he says he wants Blake to tell his 323 00:21:51,960 --> 00:21:56,040 Speaker 1: son's story. Nathan Hagar Bloomberg and one A five point 324 00:21:56,080 --> 00:21:59,160 Speaker 1: seven FM HD two how Speaker Nancy Pelosi and White 325 00:21:59,160 --> 00:22:01,800 Speaker 1: House Chief of Staff Mark Meadows had a twenty minute 326 00:22:01,800 --> 00:22:06,200 Speaker 1: phone conversation today about stimulus AID, but a person familiar 327 00:22:06,280 --> 00:22:09,040 Speaker 1: with the discussion says there are no signs of any 328 00:22:09,040 --> 00:22:13,080 Speaker 1: near term breakthroughs. Maryland Governor Larry Hogan says the state's 329 00:22:13,080 --> 00:22:16,760 Speaker 1: coronavirus metrics have improved considerably, so he says it's time 330 00:22:16,800 --> 00:22:20,800 Speaker 1: to cross off another benchmark. Today. I am announcing that, 331 00:22:20,880 --> 00:22:24,879 Speaker 1: as a result of our improved health metrics. Every single 332 00:22:24,920 --> 00:22:28,359 Speaker 1: county school system in the state of Maryland is now 333 00:22:28,400 --> 00:22:32,560 Speaker 1: fully authorized to begin safely reopening. Hogan says that means 334 00:22:32,600 --> 00:22:35,720 Speaker 1: there's no excuse for any school system to not consider 335 00:22:35,800 --> 00:22:41,560 Speaker 1: some in person instruction. This falls out for the belt 336 00:22:41,600 --> 00:22:45,720 Speaker 1: Wave Business Report. Here is Bloomberg's Mark Mills. Nancy Stocks 337 00:22:45,760 --> 00:22:49,280 Speaker 1: record breaking rally continued after Federal Reserve Chair Jerome Powell 338 00:22:49,640 --> 00:22:52,080 Speaker 1: reiterated that the Fed will keep interest rates low for 339 00:22:52,119 --> 00:22:55,360 Speaker 1: an extended time. The SMP five hundred reached an all 340 00:22:55,400 --> 00:22:58,280 Speaker 1: time high for a fifth day. Financial stocks were the 341 00:22:58,320 --> 00:23:01,439 Speaker 1: top performers on the day, Dow Jones Industrials up a 342 00:23:01,480 --> 00:23:04,640 Speaker 1: hundred sixty points to twenty eight thousand, four ninety two 343 00:23:05,080 --> 00:23:07,760 Speaker 1: s and P five hundred, gaining just under two tenths percent, 344 00:23:08,000 --> 00:23:10,359 Speaker 1: and then ASDAC was the lagger today off a third 345 00:23:10,480 --> 00:23:14,040 Speaker 1: of a percent. Washington d C Attorney General Carl Rasine 346 00:23:14,040 --> 00:23:18,200 Speaker 1: announced a lawsuit against grocery delivery company Instacart for charging 347 00:23:18,280 --> 00:23:22,000 Speaker 1: DC consumers millions in deceptive service fees and not paying 348 00:23:22,000 --> 00:23:25,520 Speaker 1: the DC sales tax. The d C a G alleges 349 00:23:25,560 --> 00:23:28,560 Speaker 1: that Instacart tricked consumers into believing that they were tipping 350 00:23:28,560 --> 00:23:31,560 Speaker 1: delivery workers and then the company pocketed the money. In 351 00:23:31,600 --> 00:23:34,840 Speaker 1: a statement of CNN, Instacart said, we believe the accusations 352 00:23:34,840 --> 00:23:38,359 Speaker 1: made in this complaint are without merits. Capital One Financials 353 00:23:38,400 --> 00:23:42,000 Speaker 1: twenty two story tower and Lake Charles, Louisiana was battered 354 00:23:42,040 --> 00:23:46,000 Speaker 1: by Hurricane Laura. Images on social media showed severe storm 355 00:23:46,080 --> 00:23:49,280 Speaker 1: damage to windows throughout the Lake Charles facility. The building 356 00:23:49,320 --> 00:23:52,200 Speaker 1: had been evacuated before the storm. You're up to date 357 00:23:52,240 --> 00:23:54,680 Speaker 1: on business from the Bellway to Baltimore. I'm Mark Mills. 358 00:23:54,680 --> 00:23:57,280 Speaker 1: This is Bloomberg one oh five point seven f M 359 00:23:57,359 --> 00:24:00,159 Speaker 1: h D two. Thanks Mark. Global News twenty four is 360 00:24:00,200 --> 00:24:03,400 Speaker 1: a day on errand on Bloomberg Quick Take, powered by 361 00:24:03,440 --> 00:24:07,400 Speaker 1: more than journalists and analysts and more than twenty countries. 362 00:24:07,760 --> 00:24:10,639 Speaker 1: I'm Nancy Lions. This is Bloomberg. Back to you, Kevin. 363 00:24:10,920 --> 00:24:13,000 Speaker 1: Thank you, Nancy. My name is Kevin Cereli. I'm the 364 00:24:13,080 --> 00:24:15,760 Speaker 1: chief Washington corresponded for Bloomberg Television and for Bloomberg RADEO. 365 00:24:15,800 --> 00:24:18,320 Speaker 1: We have so much to get through tonight, including my 366 00:24:18,400 --> 00:24:21,960 Speaker 1: exclusive interview with Meg Whitman, a Republican who's backing Joe Biden. 367 00:24:22,080 --> 00:24:26,720 Speaker 1: Find out why. Coming up this hour, We're also going 368 00:24:26,760 --> 00:24:29,639 Speaker 1: to of course cover the hurricane. It's ramifications, and I'm 369 00:24:29,680 --> 00:24:32,160 Speaker 1: still thinking about that conversation I just have with Joe Madison, 370 00:24:32,920 --> 00:24:35,640 Speaker 1: who is known as the Black Eagle or Madison. He's 371 00:24:35,720 --> 00:24:39,359 Speaker 1: an activist, a legendary Washington activists. I'm just so grateful 372 00:24:39,400 --> 00:24:42,000 Speaker 1: that he made time for us as we talk about 373 00:24:42,080 --> 00:24:45,400 Speaker 1: just what's happening in Wisconsin and what feels like such 374 00:24:45,440 --> 00:24:50,160 Speaker 1: a watershed moment for for national sports leagues and and 375 00:24:50,359 --> 00:24:55,680 Speaker 1: recognizing their influence on on culture regardless of where you 376 00:24:55,760 --> 00:25:00,000 Speaker 1: are on that issue. But first, the big story tonight, 377 00:25:00,080 --> 00:25:05,199 Speaker 1: President Trump, he will he will give his convention speech 378 00:25:05,560 --> 00:25:11,240 Speaker 1: on the virtual Virtual Republican National Convention. What should we 379 00:25:11,320 --> 00:25:13,320 Speaker 1: be looking for? Chris Han is here. He is the 380 00:25:13,320 --> 00:25:17,200 Speaker 1: host of the Aggressive Progressive podcast. He is a former 381 00:25:17,240 --> 00:25:20,280 Speaker 1: senior aide to Senator Chuck Schumer. Chris, thanks for being here. 382 00:25:20,320 --> 00:25:23,600 Speaker 1: And Maddie Duppler, founder of four Words Strategies. She is 383 00:25:23,640 --> 00:25:26,879 Speaker 1: a senior Fellow at the National Taxpayers Union and former 384 00:25:26,880 --> 00:25:32,160 Speaker 1: Coalitions director for the House Republican Conference. Maddie, what will 385 00:25:32,200 --> 00:25:35,440 Speaker 1: you be looking for politically and policy wise in President 386 00:25:35,480 --> 00:25:39,879 Speaker 1: Trump's speech tonight? Well, policy wise, have as you know, 387 00:25:40,320 --> 00:25:45,000 Speaker 1: the GOP has not collected a new platform, instead choosing 388 00:25:45,080 --> 00:25:49,320 Speaker 1: to essentially reiterate the platform from last year, which is 389 00:25:49,320 --> 00:25:52,480 Speaker 1: a little unorthodox, UM, but it does seek to what 390 00:25:52,560 --> 00:25:57,000 Speaker 1: Republicans are trying to accomplish here, which is demonstrate that 391 00:25:57,359 --> 00:26:00,479 Speaker 1: over the last four years, the president has deliver on 392 00:26:00,680 --> 00:26:05,000 Speaker 1: promises made two American voters. UM. And you know, it's 393 00:26:05,040 --> 00:26:08,080 Speaker 1: interesting to be holding conventions now, right. We all thought 394 00:26:08,119 --> 00:26:10,720 Speaker 1: that we've been with gods in last week and uh, 395 00:26:10,760 --> 00:26:12,720 Speaker 1: in North Carolina this we and it just you know, 396 00:26:12,880 --> 00:26:18,359 Speaker 1: the coronavirus has completely undermined what we expected for this 397 00:26:18,480 --> 00:26:22,040 Speaker 1: election cycle. UM. But as a result, Republicans are trying 398 00:26:22,080 --> 00:26:25,160 Speaker 1: to remind Americans about where we were just a short 399 00:26:25,240 --> 00:26:27,240 Speaker 1: six months ago. When we worked the short six months 400 00:26:27,280 --> 00:26:30,720 Speaker 1: ago was a pretty good spot. We had the best 401 00:26:31,000 --> 00:26:34,680 Speaker 1: employment landscape that we've seen in fifty years. Uh. We 402 00:26:34,880 --> 00:26:39,440 Speaker 1: saw you know, massive, a massive change in the way 403 00:26:39,640 --> 00:26:42,879 Speaker 1: the federal government was regulating and taxing American businesses, and 404 00:26:42,920 --> 00:26:46,720 Speaker 1: as a result, American workers were seeing their wages rides 405 00:26:46,760 --> 00:26:51,480 Speaker 1: and and improvement in in metrics that they hadn't experienced 406 00:26:51,520 --> 00:26:53,439 Speaker 1: in quite some time. So there is a story to 407 00:26:53,480 --> 00:26:58,120 Speaker 1: be told there. Of course, the last six months are Um, 408 00:26:59,080 --> 00:27:01,479 Speaker 1: a little bit disrust of in that regard. And I 409 00:27:01,520 --> 00:27:04,800 Speaker 1: think that you know, from a politics standpoint, you asked 410 00:27:04,800 --> 00:27:07,719 Speaker 1: about policy and politics. From politics, I think Americans are 411 00:27:07,720 --> 00:27:11,080 Speaker 1: still looking for for the answer to the question of 412 00:27:11,280 --> 00:27:13,080 Speaker 1: what's going to get us out of this thing? And 413 00:27:13,280 --> 00:27:17,320 Speaker 1: I'm not sure, um that the president himself. Of course, 414 00:27:17,320 --> 00:27:20,560 Speaker 1: the President himself does not want to be labor the 415 00:27:20,600 --> 00:27:22,960 Speaker 1: point of a of a of a pandemic that he 416 00:27:23,000 --> 00:27:25,840 Speaker 1: didn't that no one could have anticipated was happening. But 417 00:27:25,880 --> 00:27:27,320 Speaker 1: at the same time, I think it needs to be 418 00:27:27,359 --> 00:27:31,239 Speaker 1: a component of a response to the American people, which is, 419 00:27:31,400 --> 00:27:33,520 Speaker 1: you know what, at these conventions, what they're being asked 420 00:27:33,520 --> 00:27:35,800 Speaker 1: is what team do you want to choose? Who do 421 00:27:35,840 --> 00:27:38,000 Speaker 1: you see about our future? With all right, Chris, come 422 00:27:38,040 --> 00:27:40,960 Speaker 1: in here. Because even even as the President takes the 423 00:27:41,000 --> 00:27:45,879 Speaker 1: stage today, with the unrest happening in Wisconsin, Hurricane uh 424 00:27:46,000 --> 00:27:50,840 Speaker 1: wreaking havoc along the Gulf Coast, economically speaking, US stocks 425 00:27:50,920 --> 00:27:54,879 Speaker 1: continued their record breaking rally uh and bond yields surge 426 00:27:54,960 --> 00:27:58,240 Speaker 1: after FED share J. Powell reiterated that the Central Bank 427 00:27:58,320 --> 00:28:01,360 Speaker 1: is going to remain accommodated. So it almost seems that 428 00:28:01,640 --> 00:28:05,320 Speaker 1: Wall Street is completely divorced from the unrest happening in 429 00:28:05,359 --> 00:28:09,280 Speaker 1: the and in Kenosha, and and you know, and and 430 00:28:09,320 --> 00:28:12,639 Speaker 1: the reality for for lower middle class and middle class Americans. 431 00:28:12,640 --> 00:28:15,960 Speaker 1: And you know, even so, it feels like the President 432 00:28:16,040 --> 00:28:18,800 Speaker 1: Chris is going to make a bet that it's going 433 00:28:18,880 --> 00:28:21,920 Speaker 1: to be the economy that's gonna get them reelected. Yeah. 434 00:28:22,000 --> 00:28:24,880 Speaker 1: I think that's a bad bet because even though Wall 435 00:28:24,920 --> 00:28:28,200 Speaker 1: Streets doing great, the person who lost his job because 436 00:28:28,200 --> 00:28:31,960 Speaker 1: of the presidents and competence in handling this virus probably 437 00:28:32,000 --> 00:28:34,600 Speaker 1: doesn't have stocks. And if they had stocks in a 438 00:28:34,720 --> 00:28:37,480 Speaker 1: four on care or other savings, they're probably living off 439 00:28:37,480 --> 00:28:41,040 Speaker 1: those right now to get by in Trump's America. I 440 00:28:41,160 --> 00:28:45,640 Speaker 1: wish I lived in this fantasy world that the Republicans 441 00:28:45,720 --> 00:28:48,120 Speaker 1: were creating this week at the r n T, because 442 00:28:48,120 --> 00:28:51,240 Speaker 1: in that fantasy world, there's no way that Donald Trump 443 00:28:51,280 --> 00:28:54,479 Speaker 1: is president of the United States. Because it seems in 444 00:28:54,480 --> 00:28:58,880 Speaker 1: that fantasy world everything's fine and there's real leadership in 445 00:28:58,960 --> 00:29:02,480 Speaker 1: the White House. We haven't had anything like that, uh 446 00:29:02,480 --> 00:29:04,800 Speaker 1: in the last six months. And while he could point 447 00:29:04,840 --> 00:29:07,880 Speaker 1: to the economy in February, you know, I'm a marathon runner. 448 00:29:07,920 --> 00:29:09,920 Speaker 1: They don't give you a medal at mile twenty three. 449 00:29:10,160 --> 00:29:13,000 Speaker 1: You gotta finish the race. That's the worst mile. Let 450 00:29:13,040 --> 00:29:18,440 Speaker 1: me tell you something. That's when I started. I turned 451 00:29:18,440 --> 00:29:21,160 Speaker 1: on Bruce Springsteen, Porn de vun and I get all 452 00:29:21,200 --> 00:29:24,200 Speaker 1: these emotions at milee. Go ahead, Chris. I didn't mean interrupt, 453 00:29:24,200 --> 00:29:27,080 Speaker 1: but I just felt emotional. It's it's the worst mile. 454 00:29:27,160 --> 00:29:30,600 Speaker 1: And this president dropped out of the race at mile three, 455 00:29:30,640 --> 00:29:32,360 Speaker 1: and he wants us all to remember how well he 456 00:29:32,480 --> 00:29:34,760 Speaker 1: was doing the first twenty three miles. By the way, 457 00:29:35,040 --> 00:29:37,640 Speaker 1: he had a nice Obama wind at his back for 458 00:29:37,680 --> 00:29:40,000 Speaker 1: the first twenty three miles that he took very much 459 00:29:40,040 --> 00:29:43,000 Speaker 1: advantage of. It didn't screw up until there was a 460 00:29:43,080 --> 00:29:47,080 Speaker 1: real crisis, and now we have a real crisis that 461 00:29:47,120 --> 00:29:51,160 Speaker 1: requires real leadership. He has no platform the Republican Party, 462 00:29:51,520 --> 00:29:55,240 Speaker 1: as you mentioned earlier, their platform is the Trump agenda. 463 00:29:55,640 --> 00:29:57,960 Speaker 1: We all know that the Trump agenda is whatever he 464 00:29:58,040 --> 00:30:00,640 Speaker 1: saw on Fox and Friends this morning or whatever his 465 00:30:00,720 --> 00:30:03,320 Speaker 1: body on the golf course tells them. He plays by 466 00:30:03,360 --> 00:30:06,040 Speaker 1: his gut. And when we're dealing with a real crisis, 467 00:30:06,040 --> 00:30:09,720 Speaker 1: you need real leadership. Any CEO will tell you you 468 00:30:09,800 --> 00:30:12,480 Speaker 1: need a plan and need execute on that plan with 469 00:30:12,600 --> 00:30:14,760 Speaker 1: good people around you, and all the good people, all 470 00:30:14,760 --> 00:30:17,960 Speaker 1: the adults have left this administration and they're not coming back. 471 00:30:18,160 --> 00:30:20,280 Speaker 1: So there's really only one choice in November. And it 472 00:30:20,480 --> 00:30:23,160 Speaker 1: sure ain't Donald Trump, all right. So that's so that's okay. 473 00:30:23,200 --> 00:30:25,600 Speaker 1: So what we've both just heard from Maddie and Chris 474 00:30:25,600 --> 00:30:29,360 Speaker 1: Han who's named the Aggressive Progressive Welcome to the program, Chris, 475 00:30:29,400 --> 00:30:35,000 Speaker 1: first time, long time. I uh, you know. But but 476 00:30:35,080 --> 00:30:37,840 Speaker 1: in terms of the economy though, you know, Maddie, ten 477 00:30:37,880 --> 00:30:41,080 Speaker 1: percentage points according to that Wall Street Journal pool voters 478 00:30:41,600 --> 00:30:44,720 Speaker 1: still trust President Trump more so with the economy. And 479 00:30:44,760 --> 00:30:47,080 Speaker 1: I'm looking at Repick Arts report on the Bloomberg terminal. 480 00:30:47,160 --> 00:30:50,400 Speaker 1: My number of the day that initial jobless claims and 481 00:30:50,480 --> 00:30:54,480 Speaker 1: regular state programs fell by thousand to one point oh 482 00:30:54,480 --> 00:30:57,240 Speaker 1: one million in the week that ended August two. That 483 00:30:57,320 --> 00:31:00,520 Speaker 1: was in line with economists estimates. And I'm tracking this 484 00:31:00,560 --> 00:31:03,360 Speaker 1: thing on the terminal and the bounce back because of 485 00:31:03,400 --> 00:31:07,280 Speaker 1: all the shutdown is likely going to accelerate growth between 486 00:31:07,320 --> 00:31:09,800 Speaker 1: now an election day, and that's going to be a wave. 487 00:31:10,080 --> 00:31:12,040 Speaker 1: And we've got a minute left, Maddie. That's gonna be 488 00:31:12,160 --> 00:31:15,440 Speaker 1: a wave that the President Trump is going to start 489 00:31:15,440 --> 00:31:18,840 Speaker 1: to try to ride tonight all the way to November three. Yeah, 490 00:31:18,840 --> 00:31:20,840 Speaker 1: because I think that the other component of them that 491 00:31:21,280 --> 00:31:23,080 Speaker 1: is kind of what you just heard from Christopher, which 492 00:31:23,160 --> 00:31:25,680 Speaker 1: was that Donald Trump is not fit to leave. But 493 00:31:26,120 --> 00:31:29,280 Speaker 1: that doesn't get voters who are uncertain to turn out 494 00:31:29,280 --> 00:31:30,720 Speaker 1: to the polls. But get them the Trump to the 495 00:31:30,760 --> 00:31:32,960 Speaker 1: polls is that they feel motivated to vote for the 496 00:31:33,000 --> 00:31:35,240 Speaker 1: guy who's gonna deceeat Trump. You know, I think that 497 00:31:35,360 --> 00:31:37,640 Speaker 1: the difference that we've seen over these past two weeks 498 00:31:38,040 --> 00:31:40,160 Speaker 1: is the last week the Democrats are very much unified 499 00:31:40,160 --> 00:31:43,239 Speaker 1: and getting rid of President Trump. But presidential politics are 500 00:31:43,280 --> 00:31:49,080 Speaker 1: coalition politics and telling states like Wisconsin, Pennsylvania, Michigan, Florida, 501 00:31:49,160 --> 00:31:50,760 Speaker 1: which are the four states that Biden's got to be 502 00:31:50,760 --> 00:31:54,600 Speaker 1: competitive in. Uh, telling them that getting rid of Trump 503 00:31:54,760 --> 00:31:58,600 Speaker 1: is your campaign strategy is not really like a changing 504 00:31:58,640 --> 00:32:04,080 Speaker 1: hearts in mind story. We gotta wait to be continued. 505 00:32:04,160 --> 00:32:07,280 Speaker 1: To be continued, Stay, panel is gonna stay, Chris is, 506 00:32:07,480 --> 00:32:10,520 Speaker 1: Chris is ready to go. But but stick around because 507 00:32:10,560 --> 00:32:12,480 Speaker 1: coming up we're gonna talk more policy and politics with 508 00:32:12,560 --> 00:32:14,960 Speaker 1: our panel. Remember, folks, I'm headed to the White House 509 00:32:15,000 --> 00:32:17,120 Speaker 1: tonight to cover the President's speech, and you can tune 510 00:32:17,160 --> 00:32:19,960 Speaker 1: into a special simulcast let of course by a very 511 00:32:20,040 --> 00:32:23,360 Speaker 1: own David Weston cross platform on Bloomberg Television and on 512 00:32:23,400 --> 00:32:26,240 Speaker 1: Bloomberg Radio. Download the Bloomberg Sound On podcast on Apple, 513 00:32:26,320 --> 00:32:28,120 Speaker 1: it Chians and Bloomberg dot Com, or by downloading the 514 00:32:28,120 --> 00:32:31,000 Speaker 1: Bloomberg Business app. My name is Kevin Currelli. I'm the 515 00:32:31,040 --> 00:32:34,320 Speaker 1: Chief Washington correspondent FRO Bloomberg Television and Bloomberg Radio, and 516 00:32:34,360 --> 00:32:45,120 Speaker 1: you're listening to Bloomberg. This is Bloomberg's Sound On with 517 00:32:45,200 --> 00:32:49,640 Speaker 1: Kevin Surreley on Bloomberg and one oh five points seven 518 00:32:49,720 --> 00:32:53,239 Speaker 1: f M HD two. My name is Kevin Cereli. I'm 519 00:32:53,280 --> 00:32:56,800 Speaker 1: the Chief Washington correspondent from Bloomberg Television and from Bloomberg Radio. 520 00:32:56,840 --> 00:33:00,560 Speaker 1: Speaker Pelosi and the Treasury Department having a hall today, 521 00:33:00,600 --> 00:33:05,960 Speaker 1: folks on fiscal stimulus. NATA didn't move the needle. They're 522 00:33:06,000 --> 00:33:09,000 Speaker 1: still stuck in a stalemate. Uh. We're gonna bring you 523 00:33:09,000 --> 00:33:12,000 Speaker 1: the latest on fiscal stimulus, of course as we get it. 524 00:33:12,040 --> 00:33:15,400 Speaker 1: But the story that everybody's talking about. NBA players have 525 00:33:15,680 --> 00:33:19,360 Speaker 1: voted to resume the playoffs. This, according to the Bloomberg Terminal, 526 00:33:19,600 --> 00:33:22,840 Speaker 1: avoiding the possibility that the season would end before a 527 00:33:22,960 --> 00:33:26,760 Speaker 1: champion is crowned. Thursday's three games will be postponed, but 528 00:33:26,800 --> 00:33:29,320 Speaker 1: the players in the league are aiming to restart games 529 00:33:29,720 --> 00:33:34,440 Speaker 1: on Friday. The decision and speculations that players would leave 530 00:33:34,520 --> 00:33:37,920 Speaker 1: the so called bubble in Orlando in order to join 531 00:33:38,040 --> 00:33:43,840 Speaker 1: national protests against police brutality and racial inequality after a Kenoshoa, 532 00:33:43,920 --> 00:33:47,960 Speaker 1: Wisconsin police officers shot black man Jacob Blake seven times 533 00:33:47,960 --> 00:33:51,000 Speaker 1: in the back. It was reported Wednesday night that superstars 534 00:33:51,080 --> 00:33:55,080 Speaker 1: Lebron James and others were pushing for players to continue 535 00:33:55,560 --> 00:33:59,400 Speaker 1: their protests. It's not just the NBA Folks League's w 536 00:33:59,560 --> 00:34:03,239 Speaker 1: n B, A MLS. I've got some tennis players. I mean, 537 00:34:03,280 --> 00:34:07,440 Speaker 1: it's it's it's really been uh what feels like a 538 00:34:07,560 --> 00:34:12,320 Speaker 1: watershed moment, and the implications are just so far reaching. 539 00:34:12,480 --> 00:34:14,600 Speaker 1: I Mean, there's so many different angles here, but at 540 00:34:14,640 --> 00:34:20,920 Speaker 1: the core, it's an issue of a conversation that really 541 00:34:21,120 --> 00:34:25,919 Speaker 1: is long overdue. Joining us for uh this panel, I'm 542 00:34:25,920 --> 00:34:27,959 Speaker 1: thrilled to say. His first time on the program, Chris 543 00:34:27,960 --> 00:34:31,600 Speaker 1: Han hosted the Aggressive Progressive Podcast. He's a former senior 544 00:34:31,640 --> 00:34:33,919 Speaker 1: aide to Senator Chuck Humor, so he's a nerd. He's 545 00:34:33,960 --> 00:34:35,759 Speaker 1: a nerd like I am. He's a wonky nerd, and 546 00:34:35,800 --> 00:34:37,720 Speaker 1: we're gonna ask him to put on his wonky nerd 547 00:34:37,800 --> 00:34:41,080 Speaker 1: hat for us as we because because Maddie knows this, 548 00:34:41,160 --> 00:34:42,759 Speaker 1: Maddy's also a nerd. Am I allowed to call you 549 00:34:42,800 --> 00:34:47,640 Speaker 1: a nerd? Maddie? Yee? I appreciate that. Maddie is the 550 00:34:47,640 --> 00:34:52,439 Speaker 1: founder of Forward Strategy, senior fellow at the National Taxpayers Union, 551 00:34:52,440 --> 00:34:56,400 Speaker 1: and a former coalitions director to the House Republican Conference. Maddie, 552 00:34:56,400 --> 00:35:00,120 Speaker 1: tonight the President and last night Vice President Pence. I 553 00:35:00,200 --> 00:35:03,759 Speaker 1: don't want to talk about, you know, the politics and 554 00:35:03,760 --> 00:35:06,160 Speaker 1: and the back and forth, but in terms of the 555 00:35:06,280 --> 00:35:10,880 Speaker 1: actual structural changes that are being discussed, what do you 556 00:35:10,920 --> 00:35:15,759 Speaker 1: think Republicans would be able to find compromise on surrounding 557 00:35:15,800 --> 00:35:23,760 Speaker 1: these issues? Surrounding what issues? Sorry, the police, the police brutality. Yeah, 558 00:35:23,880 --> 00:35:26,960 Speaker 1: so you know, it's interesting. This is one of those 559 00:35:27,000 --> 00:35:30,120 Speaker 1: issues that I honestly think, well, let me put it 560 00:35:30,120 --> 00:35:34,799 Speaker 1: this way. I hope, um, actually society and the conversations 561 00:35:34,840 --> 00:35:39,319 Speaker 1: happening now informs the political conversation because I don't say 562 00:35:39,320 --> 00:35:41,680 Speaker 1: if you if you phrase it, us working Republicans and 563 00:35:41,719 --> 00:35:44,240 Speaker 1: Democrats fund compromised and all of a sudden, we've lost 564 00:35:44,280 --> 00:35:47,640 Speaker 1: the whole point of this, which is that as Americans, 565 00:35:48,280 --> 00:35:52,640 Speaker 1: which is devoid of parties, as Americans, we have a 566 00:35:52,640 --> 00:35:56,239 Speaker 1: reckoning that needs to happen right this minute, and I 567 00:35:56,280 --> 00:35:57,759 Speaker 1: think that we are at a point where we can 568 00:35:57,800 --> 00:35:59,520 Speaker 1: do it. Have you and I are millennial Chris, I 569 00:35:59,560 --> 00:36:02,319 Speaker 1: don't know where you fall on the scale, but you know, 570 00:36:02,760 --> 00:36:06,520 Speaker 1: the rais being told that things were better, and I think, 571 00:36:06,760 --> 00:36:09,399 Speaker 1: you know, our generation really is feeling like we were 572 00:36:09,440 --> 00:36:12,640 Speaker 1: sold a bill of a bill of goods on that statement, 573 00:36:12,640 --> 00:36:14,799 Speaker 1: because things are not better than they were in the 574 00:36:14,880 --> 00:36:17,200 Speaker 1: sixties for a lot of people. And maybe just because 575 00:36:17,239 --> 00:36:20,080 Speaker 1: we're marginally better, it doesn't mean that they are the 576 00:36:20,320 --> 00:36:22,000 Speaker 1: they are where we thought they were or where they 577 00:36:22,040 --> 00:36:24,320 Speaker 1: should be in the year of our Lord twent twenties. 578 00:36:24,400 --> 00:36:27,000 Speaker 1: So I think, you know, you talked about the NBA, 579 00:36:27,120 --> 00:36:29,759 Speaker 1: you talked about these celebrities. I think there's just like 580 00:36:29,800 --> 00:36:33,319 Speaker 1: there's a real difference in my cohort, you know, my 581 00:36:33,520 --> 00:36:36,800 Speaker 1: friend group, my colleagues, where everyone is looking into thinking, 582 00:36:37,160 --> 00:36:39,800 Speaker 1: wait a second, there's a problem in America that is 583 00:36:39,840 --> 00:36:42,200 Speaker 1: bigger than all of us. It's bigger than like, you know, 584 00:36:42,239 --> 00:36:46,160 Speaker 1: there's like stupid political division stuff like we need to 585 00:36:46,200 --> 00:36:49,960 Speaker 1: solve this as Americans as humans. And my hope is 586 00:36:50,000 --> 00:36:52,359 Speaker 1: that that's the message that gets through, because I think 587 00:36:52,360 --> 00:36:56,000 Speaker 1: that makes it inevitable. Then that legislation has to change 588 00:36:56,200 --> 00:36:58,640 Speaker 1: and it doesn't get bogged down in this nonsense about 589 00:36:58,680 --> 00:37:00,719 Speaker 1: what Democrats make. More probably just think, what are you 590 00:37:00,719 --> 00:37:03,000 Speaker 1: thinking like Americans? What are you thinking like brothers and 591 00:37:03,040 --> 00:37:07,240 Speaker 1: sisters and humanity to solve this problem? I mean, Chris, 592 00:37:07,320 --> 00:37:10,600 Speaker 1: it feels like that's I hear you, Maddie. But is 593 00:37:10,640 --> 00:37:13,120 Speaker 1: that a pipe dream between now and November three? Chris? 594 00:37:15,080 --> 00:37:16,719 Speaker 1: You know, I mean, I'm a first of all, I'm 595 00:37:16,719 --> 00:37:23,120 Speaker 1: a gen xer where the practical generation. Uh. And and 596 00:37:23,200 --> 00:37:25,719 Speaker 1: I wish what Maddie said was true. And maybe when 597 00:37:25,760 --> 00:37:27,880 Speaker 1: Maddie worked in Congress and when I worked in Congress, 598 00:37:27,920 --> 00:37:31,520 Speaker 1: that might have been true. That's not true anymore. Uh. 599 00:37:31,520 --> 00:37:34,759 Speaker 1: And nothing's getting done on this issue of any real 600 00:37:34,920 --> 00:37:40,560 Speaker 1: substance between now and January twentieth, and even then, you know, look, 601 00:37:40,600 --> 00:37:44,120 Speaker 1: if Donald Trump is president United States on January twelve 602 00:37:44,120 --> 00:37:47,040 Speaker 1: oh one pm and he has a gut reaction that 603 00:37:47,080 --> 00:37:48,840 Speaker 1: says he needs to do something about it, all of 604 00:37:48,880 --> 00:37:51,920 Speaker 1: the Republicans will do something about it. Because the Republicans 605 00:37:51,920 --> 00:37:54,160 Speaker 1: have made it very clear that they have no agenda 606 00:37:54,200 --> 00:37:56,920 Speaker 1: of their own. They are just Donald Trump clones, and 607 00:37:57,000 --> 00:37:59,319 Speaker 1: that's a big problem right now and right now, their 608 00:37:59,480 --> 00:38:02,200 Speaker 1: entire mess to jet this convention is there's violence in 609 00:38:02,239 --> 00:38:05,680 Speaker 1: the streets that's caused by protesters when we all know 610 00:38:06,080 --> 00:38:08,239 Speaker 1: that the kid who killed two people the other night 611 00:38:08,600 --> 00:38:12,000 Speaker 1: was a white supremist Trump supporter who came there with 612 00:38:12,120 --> 00:38:15,680 Speaker 1: his rightful for for no reason. Are there any likes 613 00:38:15,680 --> 00:38:18,239 Speaker 1: to play dress up? I guess so. I mean to 614 00:38:18,400 --> 00:38:21,520 Speaker 1: find common ground would be something I would love that happen. 615 00:38:21,600 --> 00:38:24,960 Speaker 1: And I've had many instances in my career where I've 616 00:38:24,960 --> 00:38:28,520 Speaker 1: worked across party lines and gotten things done on issues, 617 00:38:28,960 --> 00:38:31,600 Speaker 1: uh not as big as this one. So I really 618 00:38:31,640 --> 00:38:34,480 Speaker 1: applaud what the NBA is doing. I really applaud what 619 00:38:34,520 --> 00:38:37,160 Speaker 1: the other athletes are doing. You know, Muhammad Ali and 620 00:38:37,239 --> 00:38:41,319 Speaker 1: others in the sixties and seventies use that platform effectively 621 00:38:41,560 --> 00:38:43,920 Speaker 1: to move the needle just a little bit, and I 622 00:38:43,960 --> 00:38:46,879 Speaker 1: think Lebron James and others are doing calling this out 623 00:38:47,320 --> 00:38:50,560 Speaker 1: needs to be done, and it is driving main You know, 624 00:38:50,640 --> 00:38:54,960 Speaker 1: the current Republicans absolutely insane. You want to hear them 625 00:38:54,960 --> 00:38:57,200 Speaker 1: say shut up and dribble? I bet you that gets 626 00:38:57,280 --> 00:38:59,520 Speaker 1: uttered tonight a couple of times as well well. Then 627 00:38:59,520 --> 00:39:02,000 Speaker 1: the President and has already said that he feels Maddie 628 00:39:02,000 --> 00:39:04,239 Speaker 1: that the NBA is too political. But I want to 629 00:39:04,280 --> 00:39:07,279 Speaker 1: go Macrol. I don't in any way, shape or form, 630 00:39:07,280 --> 00:39:09,480 Speaker 1: And Maddie, we've got a minute left. I don't, in 631 00:39:09,560 --> 00:39:14,840 Speaker 1: any way, shape or form want to uh uh, you know, 632 00:39:14,920 --> 00:39:18,640 Speaker 1: diminish the conversation at all. There is a relationship, Mattie, 633 00:39:18,680 --> 00:39:22,399 Speaker 1: that the NBA has with with China. And and I'm 634 00:39:22,480 --> 00:39:25,520 Speaker 1: curious if you think that conversation will start to come 635 00:39:25,560 --> 00:39:28,760 Speaker 1: to the forefront, Maddie Doubler over the next couple of weeks, 636 00:39:28,760 --> 00:39:32,000 Speaker 1: even more so than it has. I think you raising 637 00:39:32,080 --> 00:39:35,520 Speaker 1: China is a very good example of what we're up 638 00:39:35,560 --> 00:39:37,800 Speaker 1: against here, which is that the NBA is a business. 639 00:39:37,880 --> 00:39:40,480 Speaker 1: It is not a social justice program. It is not 640 00:39:40,600 --> 00:39:43,080 Speaker 1: a non problem. It's not it's a business, right, And 641 00:39:43,080 --> 00:39:46,399 Speaker 1: like that's the whole conflict with China, where they know 642 00:39:46,719 --> 00:39:48,919 Speaker 1: where their bread is buttered and where they can make 643 00:39:48,960 --> 00:39:51,840 Speaker 1: more money. Um. So the question is, you know what 644 00:39:51,960 --> 00:39:53,800 Speaker 1: is the dues are a bottom line for a long time. 645 00:39:54,280 --> 00:39:56,560 Speaker 1: Fourth brands, A lot of franchises that are speaking him 646 00:39:56,600 --> 00:39:59,799 Speaker 1: now have not done that have not done the right 647 00:40:00,200 --> 00:40:02,439 Speaker 1: because they don't see it as good for their bottom line. 648 00:40:02,600 --> 00:40:04,680 Speaker 1: And let me and and and we can change it. 649 00:40:04,760 --> 00:40:07,239 Speaker 1: So important and and beyond that, it looks that if 650 00:40:07,440 --> 00:40:10,480 Speaker 1: you're wondering why distribution deals Ali Baba, you've got to 651 00:40:10,600 --> 00:40:13,440 Speaker 1: Chinese uh that they're so a lot of them owned 652 00:40:13,440 --> 00:40:17,040 Speaker 1: the media companies and whatnot. So distribution deals. Think training 653 00:40:17,080 --> 00:40:20,839 Speaker 1: facilities near where the weaker uh internment facilities are in 654 00:40:20,840 --> 00:40:23,480 Speaker 1: in in China. So there's so much. This is such 655 00:40:23,480 --> 00:40:26,160 Speaker 1: a complex nuance in the business of sports. Coming up, 656 00:40:26,200 --> 00:40:29,280 Speaker 1: Panel stays and exclusive conversation with Meg Whitman. I'm Kevin Curreli, 657 00:40:29,440 --> 00:40:32,040 Speaker 1: chief Washington correspondent for Bloomberg TV and Radio. You're listening 658 00:40:32,040 --> 00:40:45,880 Speaker 1: to Bloomberg Radio, Bloomberg is Bloomberg Sound On with Kevin 659 00:40:45,920 --> 00:40:50,359 Speaker 1: Surreley on Bloomberg and one oh five point seven FM 660 00:40:50,480 --> 00:40:53,320 Speaker 1: h D two. My name is Kevin Currelli. I'm the 661 00:40:53,360 --> 00:40:58,640 Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 662 00:40:59,400 --> 00:41:04,640 Speaker 1: Democratic vice presidential nomineque Kamala Harris criticized President Donald Trump 663 00:41:04,640 --> 00:41:07,360 Speaker 1: for his handling of the coronavirus and sought to rebut 664 00:41:07,400 --> 00:41:10,239 Speaker 1: the message Republicans have laid out this week at their 665 00:41:10,280 --> 00:41:13,919 Speaker 1: party's convention that the virus has been contained. She gave 666 00:41:13,920 --> 00:41:18,040 Speaker 1: a twenty minute speech folks in Washington, and she has 667 00:41:18,080 --> 00:41:20,480 Speaker 1: sailed I mean, she really went after Trump's leadership. She 668 00:41:20,520 --> 00:41:24,080 Speaker 1: criticized him for ignoring the warning signs about the virus 669 00:41:24,200 --> 00:41:27,520 Speaker 1: and prioritizing the stock market, according to her, over the 670 00:41:27,520 --> 00:41:30,879 Speaker 1: health of the American people. She said, quote, the Republican 671 00:41:31,000 --> 00:41:35,200 Speaker 1: Convention is designed for one purpose, to soothe Donald Trump's ego, 672 00:41:35,640 --> 00:41:37,960 Speaker 1: to make him feel good. But it's not supposed to 673 00:41:38,000 --> 00:41:43,319 Speaker 1: be about him. So Senator Harris, she was this is 674 00:41:43,320 --> 00:41:46,680 Speaker 1: the first solo speech that she gave, the first solo 675 00:41:46,719 --> 00:41:49,400 Speaker 1: speech that she's given, I think since the convention, the 676 00:41:49,480 --> 00:41:55,120 Speaker 1: virtual convention, and you know it. It was interesting because 677 00:41:55,120 --> 00:41:57,440 Speaker 1: all the cable networks, all of them, all three of 678 00:41:57,480 --> 00:42:01,000 Speaker 1: the big cable networks, they took it live. Speaking of 679 00:42:01,200 --> 00:42:04,160 Speaker 1: Joe Biden's presidential campaign, earlier today, I spoke with Meg Whitman. 680 00:42:04,239 --> 00:42:07,279 Speaker 1: She's the CEO of Quibby. She's the former California gubernatorial 681 00:42:07,400 --> 00:42:11,200 Speaker 1: candidate and the former CEO of h P. She of 682 00:42:11,239 --> 00:42:14,359 Speaker 1: course is also a Republican. I asked her why did 683 00:42:14,440 --> 00:42:17,600 Speaker 1: you a Republican back Joe Biden. Take a listen to 684 00:42:17,640 --> 00:42:20,560 Speaker 1: what she told me. Well, you know what's probably people's 685 00:42:20,560 --> 00:42:23,080 Speaker 1: surprises people as I'm actually a Republican. I ran for 686 00:42:23,120 --> 00:42:25,920 Speaker 1: governor of California as a Republican in twousand ten, So 687 00:42:26,000 --> 00:42:28,880 Speaker 1: that's probably what surprises a lot of people. But as 688 00:42:28,920 --> 00:42:31,759 Speaker 1: a longtime business leader, I looked at the situation and 689 00:42:31,760 --> 00:42:33,719 Speaker 1: I said, you know what, the number one thing we 690 00:42:33,760 --> 00:42:36,120 Speaker 1: have to do to get the economy going again is 691 00:42:36,160 --> 00:42:38,239 Speaker 1: to solve the COVID crisis. And I think we would 692 00:42:38,239 --> 00:42:41,080 Speaker 1: all agree that the way President Trump has handled COVID 693 00:42:41,400 --> 00:42:44,040 Speaker 1: is not optimal. We've had a couple of different ways. 694 00:42:44,120 --> 00:42:46,080 Speaker 1: We're still in the midst of this five months in 695 00:42:46,160 --> 00:42:47,840 Speaker 1: and it looks like it's going to be a lot longer. 696 00:42:48,040 --> 00:42:49,960 Speaker 1: So first, I think Joe Biden's gonna do a much 697 00:42:50,000 --> 00:42:52,279 Speaker 1: better job of handling COVID. And then I really like 698 00:42:52,440 --> 00:42:55,600 Speaker 1: Joe Biden's plan. It's really free. Part one is what 699 00:42:55,680 --> 00:42:59,640 Speaker 1: he calls making in America revitalized manufacturing of older industries, 700 00:42:59,680 --> 00:43:03,319 Speaker 1: but only the next generation industries, innovating in America. He's 701 00:43:03,360 --> 00:43:05,680 Speaker 1: got a three billion dollar investment in R and D 702 00:43:05,800 --> 00:43:08,040 Speaker 1: by the government, which I think is crucial, and then 703 00:43:08,120 --> 00:43:11,600 Speaker 1: finally recaptured the supply chains. You know, we have outsourced 704 00:43:11,600 --> 00:43:14,680 Speaker 1: a lot of our crucial supply chains, whether it's medicine, 705 00:43:14,800 --> 00:43:18,440 Speaker 1: medical technology, consumer electronics, kind of conductors, which for national 706 00:43:18,440 --> 00:43:21,640 Speaker 1: security and economic reasons we shouldn't do. So I've got 707 00:43:21,640 --> 00:43:24,319 Speaker 1: a lot of confidence in it. You know, I want 708 00:43:24,360 --> 00:43:26,239 Speaker 1: to take it back to the first part of that 709 00:43:26,760 --> 00:43:29,279 Speaker 1: meg because when it comes to manufacturing, there was a 710 00:43:29,360 --> 00:43:35,320 Speaker 1: slowdown even predating this global pandemic. What specific structural changes 711 00:43:35,680 --> 00:43:39,160 Speaker 1: needs to be developed in order to provide some manufacturing 712 00:43:39,280 --> 00:43:42,080 Speaker 1: jobs for parts of this country to quite frankly, are 713 00:43:42,120 --> 00:43:45,799 Speaker 1: being pummeled as a result of this downturn. Yeah. Well, 714 00:43:45,880 --> 00:43:48,400 Speaker 1: first of all, the dad turn because of COVID is 715 00:43:48,640 --> 00:43:51,200 Speaker 1: until you solve the medical challenges here, I think it's 716 00:43:51,280 --> 00:43:53,799 Speaker 1: very hard to bring the country out. But listen, what 717 00:43:53,840 --> 00:43:54,880 Speaker 1: we have to do is we have to have an 718 00:43:54,920 --> 00:43:58,400 Speaker 1: eye on the future as a country. There are huge 719 00:43:58,520 --> 00:44:01,600 Speaker 1: growing industries that have eight in middle class and even 720 00:44:01,640 --> 00:44:06,560 Speaker 1: blue collar jobs in AI, robotics, biotech, you name it, 721 00:44:06,640 --> 00:44:09,080 Speaker 1: clean energy. These are super important that we are the 722 00:44:09,200 --> 00:44:11,440 Speaker 1: leaders in that, and I'll give you a perfect example. 723 00:44:11,800 --> 00:44:15,640 Speaker 1: You know, we lost precision manufacturing to Germany. Labor carson 724 00:44:15,640 --> 00:44:18,640 Speaker 1: are not lower in Germany. We should own precision manufacturing, 725 00:44:18,719 --> 00:44:20,759 Speaker 1: but we didn't, and that's I think because we don't 726 00:44:20,800 --> 00:44:22,840 Speaker 1: have a great industrial policy and we don't have the 727 00:44:22,920 --> 00:44:26,080 Speaker 1: right incentive, and frankly, we need an apprenticeship program that 728 00:44:26,120 --> 00:44:29,919 Speaker 1: trains people to go to work in these industries. Well, 729 00:44:29,960 --> 00:44:32,160 Speaker 1: you know, there's so much of the economy nowt interconnected, 730 00:44:32,200 --> 00:44:34,360 Speaker 1: and the President has taken an aggressive stance as it 731 00:44:34,400 --> 00:44:37,520 Speaker 1: relates to trade policies and acting tariffs around the world. 732 00:44:37,560 --> 00:44:40,879 Speaker 1: You specifically mentioned Germany. Meanwhile, you've got a trade war 733 00:44:40,960 --> 00:44:44,440 Speaker 1: brewing and mounting tensions between the United States and China. 734 00:44:44,680 --> 00:44:49,040 Speaker 1: How would abide an administration balance that trade while also 735 00:44:49,160 --> 00:44:53,080 Speaker 1: protecting the American worker. Yeah, well, let's first talk about China. 736 00:44:53,640 --> 00:44:56,520 Speaker 1: So listen, Trump has had rhetoric around what he was 737 00:44:56,560 --> 00:44:58,200 Speaker 1: going to try to do to China, and I think 738 00:44:58,239 --> 00:45:00,919 Speaker 1: everyone in business agrees the level the playing field needs 739 00:45:00,960 --> 00:45:03,759 Speaker 1: to be leveled, right, you know, let's think about it. 740 00:45:03,800 --> 00:45:05,759 Speaker 1: Just look at you know TikTok. People ask me about 741 00:45:05,800 --> 00:45:07,840 Speaker 1: it all the time. Well, yes, I think we have 742 00:45:07,880 --> 00:45:10,960 Speaker 1: to be very concerned about security and data privacy. But 743 00:45:11,200 --> 00:45:15,040 Speaker 1: China has also banned virtually every American digital platform in China, 744 00:45:15,160 --> 00:45:17,640 Speaker 1: so the playing field is not level. Joe is all 745 00:45:17,680 --> 00:45:20,320 Speaker 1: over that, he understands it. And but here's what you 746 00:45:20,360 --> 00:45:23,560 Speaker 1: need to do, I think with on tariffs and trade generally, 747 00:45:23,719 --> 00:45:26,400 Speaker 1: you need to be incredibly consistent in your policy. You 748 00:45:26,400 --> 00:45:28,400 Speaker 1: need to be incredibly consistent with the leaders. You know, 749 00:45:28,440 --> 00:45:30,879 Speaker 1: one day Trump loves sheet, the next day he doesn't 750 00:45:30,920 --> 00:45:32,960 Speaker 1: like sheet. You've got to be consistent. And then I 751 00:45:32,960 --> 00:45:36,759 Speaker 1: don't think you negotiate with um uh, you know, international 752 00:45:36,800 --> 00:45:39,680 Speaker 1: powers in the media. You do it so that there's 753 00:45:39,719 --> 00:45:42,520 Speaker 1: an agreement that comes together that both sides can say 754 00:45:42,560 --> 00:45:46,080 Speaker 1: they got something out of and it's gonna a different approach, 755 00:45:46,400 --> 00:45:47,719 Speaker 1: you know. Let me let me follow up with that, 756 00:45:47,960 --> 00:45:50,319 Speaker 1: because this is fascinating. I mean, you come from the 757 00:45:50,320 --> 00:45:52,839 Speaker 1: business sector, and what you're saying is that these types 758 00:45:52,880 --> 00:45:55,799 Speaker 1: of negotiations ought to happen one on one and not 759 00:45:56,360 --> 00:45:58,839 Speaker 1: via social media. Why is that important? Why does that 760 00:45:58,960 --> 00:46:00,840 Speaker 1: Why do you think that would be a better approach 761 00:46:01,040 --> 00:46:04,120 Speaker 1: and a Biden administration, Well, I actually think it's not 762 00:46:04,160 --> 00:46:06,760 Speaker 1: necessarily one on one all that relations although that relationship 763 00:46:06,840 --> 00:46:09,600 Speaker 1: isn't it's team to team. You have to have a 764 00:46:09,640 --> 00:46:13,960 Speaker 1: team of incredible subject matter experts and great negotiators around you, 765 00:46:14,600 --> 00:46:17,280 Speaker 1: and those discussions need to take place because there's always 766 00:46:17,360 --> 00:46:19,760 Speaker 1: give and take. One of my favorite expressions is perfect 767 00:46:19,840 --> 00:46:22,480 Speaker 1: is the enemy of really good. And so everyone has 768 00:46:22,480 --> 00:46:24,440 Speaker 1: to give a little to get someplace. And I think 769 00:46:24,560 --> 00:46:27,200 Speaker 1: most people want to that. I know the Chinese, you know, 770 00:46:27,239 --> 00:46:29,120 Speaker 1: you want to be proud, you want to say face. 771 00:46:29,480 --> 00:46:32,640 Speaker 1: And I think if you are negotiating on social media, 772 00:46:33,719 --> 00:46:37,920 Speaker 1: the broader media, it doesn't allow the negotiating partner to 773 00:46:37,920 --> 00:46:40,800 Speaker 1: to uh to come to an agreement because they're so 774 00:46:40,840 --> 00:46:44,799 Speaker 1: afraid of being changed. To take it back to the 775 00:46:44,880 --> 00:46:47,360 Speaker 1: last week at the convention, you know, and covering the convention, 776 00:46:47,400 --> 00:46:51,320 Speaker 1: I was struck by by how the range and ideological 777 00:46:52,040 --> 00:46:55,240 Speaker 1: voices that we're that we're speaking at the convention. It 778 00:46:55,280 --> 00:46:58,160 Speaker 1: does it give you pause or concern at all to 779 00:46:58,680 --> 00:47:03,200 Speaker 1: see some y far left democratic socialism might have a 780 00:47:03,280 --> 00:47:07,000 Speaker 1: President Biden's ear, and that might take the economy in 781 00:47:07,000 --> 00:47:09,480 Speaker 1: a different direction than quite honestly, that you would like 782 00:47:09,560 --> 00:47:12,720 Speaker 1: to see it going. So here's what I know about Joe. 783 00:47:13,040 --> 00:47:15,640 Speaker 1: He is very smart, and he listens to a wide 784 00:47:15,719 --> 00:47:19,280 Speaker 1: variety of people. He builds a coalition, but he listens 785 00:47:19,320 --> 00:47:21,440 Speaker 1: to a very wide variety of people and then decides 786 00:47:21,480 --> 00:47:24,280 Speaker 1: what direction he's going to go. And what I really 787 00:47:24,320 --> 00:47:27,359 Speaker 1: admire about him is his ability. He is a legislator. 788 00:47:27,719 --> 00:47:30,399 Speaker 1: He knows how Washington works. He knows how to bring 789 00:47:30,400 --> 00:47:32,719 Speaker 1: people together to get things done. And if I had 790 00:47:32,719 --> 00:47:34,960 Speaker 1: to boil it all down, that's what the country really 791 00:47:35,000 --> 00:47:37,359 Speaker 1: needs right now, someone who could bring us together and 792 00:47:37,400 --> 00:47:40,000 Speaker 1: get things done. And I think knowing your way around 793 00:47:40,000 --> 00:47:42,719 Speaker 1: Washington is super important. You know, I mentioned I ran 794 00:47:42,760 --> 00:47:45,040 Speaker 1: for governor of California as a Republican and one of 795 00:47:45,080 --> 00:47:47,719 Speaker 1: my platforms was run the government a little bit more 796 00:47:47,760 --> 00:47:50,640 Speaker 1: like a business. Well that's not entirely wrong, but I 797 00:47:50,680 --> 00:47:54,000 Speaker 1: will tell you there is real domain expertise about bringing 798 00:47:54,000 --> 00:47:57,200 Speaker 1: people together and getting them to a common point of view. 799 00:47:57,480 --> 00:47:59,400 Speaker 1: And that's what I think he will really bring to 800 00:47:59,520 --> 00:48:02,439 Speaker 1: this country, and it is so sorely needed. We've got 801 00:48:02,440 --> 00:48:05,600 Speaker 1: to come together about what's the next year generation continuous package. 802 00:48:05,760 --> 00:48:07,719 Speaker 1: How are we going to bring supply chains back, how 803 00:48:07,760 --> 00:48:09,560 Speaker 1: are we going to bring um, you know, relief for 804 00:48:09,640 --> 00:48:11,840 Speaker 1: small business. We gotta get moving, and we've got to 805 00:48:11,840 --> 00:48:15,359 Speaker 1: do it faster, and in in building a broad coalition. Well, 806 00:48:15,440 --> 00:48:17,360 Speaker 1: let me ask you about that next round of economic stimulus, 807 00:48:17,520 --> 00:48:19,319 Speaker 1: because I know you've been so generous with your time. 808 00:48:19,360 --> 00:48:21,279 Speaker 1: And this is the final topic that I want to 809 00:48:21,280 --> 00:48:24,640 Speaker 1: touch on, because so many small businesses right now just 810 00:48:24,760 --> 00:48:28,319 Speaker 1: really in direr need of some financial assistance, and they're 811 00:48:28,360 --> 00:48:31,359 Speaker 1: having to make some incredibly difficult choices. Look none other 812 00:48:31,400 --> 00:48:34,960 Speaker 1: than the Gulf Coast where at the energy sector and 813 00:48:35,239 --> 00:48:39,439 Speaker 1: refinery workers are having to having to evacuate. Uh and 814 00:48:39,520 --> 00:48:42,719 Speaker 1: also respect the virus. So what needs to be done. 815 00:48:42,719 --> 00:48:45,240 Speaker 1: Do you think the hurricane is gonna put some pressure 816 00:48:45,560 --> 00:48:49,520 Speaker 1: on Washington, d C To get a bi partisan deal. Well, 817 00:48:49,560 --> 00:48:51,680 Speaker 1: I hope, so, I hope Washington gets to a bi 818 00:48:51,800 --> 00:48:55,120 Speaker 1: partisan deal because Many Street is really hurting. There's twenty 819 00:48:55,120 --> 00:48:58,040 Speaker 1: five million people unemployed in the country right now. Fifty 820 00:48:58,120 --> 00:49:02,680 Speaker 1: seven million people have implied employeed for apply for unemployment insurance. 821 00:49:02,719 --> 00:49:06,560 Speaker 1: Can you imagine? And so well, I don't love deficit spending, 822 00:49:06,880 --> 00:49:08,480 Speaker 1: and by the way, Trump did a lot of deficit 823 00:49:08,560 --> 00:49:12,240 Speaker 1: spending before COVID and he's not a fiscal conservative honestly, 824 00:49:12,640 --> 00:49:16,040 Speaker 1: but I think the needs of middle class small businesses. 825 00:49:16,440 --> 00:49:19,560 Speaker 1: People look at the standing in line for the footbacks. 826 00:49:19,840 --> 00:49:22,760 Speaker 1: I mean, we have a very serious situation on our hands, 827 00:49:22,880 --> 00:49:25,560 Speaker 1: and I hope Washington will rally to get something done 828 00:49:25,600 --> 00:49:27,920 Speaker 1: for the American people. And I know if we have 829 00:49:27,960 --> 00:49:30,399 Speaker 1: to wait until Joe Biden is president, he will make 830 00:49:30,440 --> 00:49:34,160 Speaker 1: that happen. My interview with Meg Whitman, CEO of Quimby. 831 00:49:34,239 --> 00:49:38,920 Speaker 1: She is a former Republican government uh, former Republican California 832 00:49:38,960 --> 00:49:43,160 Speaker 1: gubernatorial candidate. She is of course also the former HP CEO, 833 00:49:43,280 --> 00:49:46,920 Speaker 1: and she backed Joe Biden. Coming up, we're gonna talk 834 00:49:46,960 --> 00:49:50,080 Speaker 1: more policy and politics on what is a dizzying day 835 00:49:50,160 --> 00:49:52,400 Speaker 1: in the nation's capital ahead of the third or the 836 00:49:52,440 --> 00:49:56,319 Speaker 1: fourth and final night of the Virtual Republican National Convention. 837 00:49:56,440 --> 00:50:00,200 Speaker 1: More reaction as well from Governor Larry Hogan decision to 838 00:50:00,280 --> 00:50:03,640 Speaker 1: reopen the school's Download the Bloomberg Sound On podcast on 839 00:50:03,680 --> 00:50:05,920 Speaker 1: Apple It Jeans at Bloomberg dot com or by downloading 840 00:50:06,080 --> 00:50:08,560 Speaker 1: the Bloomberg Business App. You can also find me on 841 00:50:08,719 --> 00:50:12,520 Speaker 1: Radio dot com, I Heart Radio, and Spotify. And a 842 00:50:12,520 --> 00:50:16,520 Speaker 1: special reminder to watch our simulcast continuing coverage on Bloomberg 843 00:50:16,560 --> 00:50:19,760 Speaker 1: TV and Bloomberg Radio tonight, anchored by the David Weston. 844 00:50:19,800 --> 00:50:21,560 Speaker 1: I'll be at the White House and we're going to 845 00:50:21,640 --> 00:50:24,200 Speaker 1: talk about the policy of all this. You're listening to Bloomberg. 846 00:50:42,400 --> 00:50:46,960 Speaker 1: This is Bloomberg's Sound On with Kevin Surreley on Bloomberg 847 00:50:48,080 --> 00:50:50,479 Speaker 1: and one or five point seven f m h D two. 848 00:50:51,440 --> 00:50:53,880 Speaker 1: My name is Kevin Sireli on the Chief Washington correspondent 849 00:50:53,920 --> 00:50:58,600 Speaker 1: for Bloomberg Television and Bloomberg Radio. I love that song. 850 00:50:59,000 --> 00:51:00,480 Speaker 1: I love that song by Youth to one of my 851 00:51:00,520 --> 00:51:02,680 Speaker 1: all time one of the all time grades, the all 852 00:51:02,719 --> 00:51:05,359 Speaker 1: time grades. And I'm still stuck on Bruce Springsteen Born 853 00:51:05,440 --> 00:51:09,680 Speaker 1: to Run that album. That album turned three five years old. 854 00:51:09,680 --> 00:51:11,480 Speaker 1: I've been listening. I've been on a Bruce kick. You know. 855 00:51:11,480 --> 00:51:13,440 Speaker 1: I went from from went from Billy Joel the other 856 00:51:13,520 --> 00:51:18,319 Speaker 1: week to Bruce Springsteen the live additions, and uh, I 857 00:51:18,360 --> 00:51:20,719 Speaker 1: just cannot stop listening and reading about this album. You know, 858 00:51:20,760 --> 00:51:25,160 Speaker 1: I I really um a student of media, and I 859 00:51:25,239 --> 00:51:27,759 Speaker 1: go back and I watch all these old interviews, you know, 860 00:51:27,760 --> 00:51:30,280 Speaker 1: the Russered interviews and whatnot. In the old political debates. 861 00:51:30,280 --> 00:51:32,719 Speaker 1: I've been watching rewatching all the debates, the vice presidential 862 00:51:32,760 --> 00:51:36,879 Speaker 1: debates and everything. But I I've been on this Bruce kick, 863 00:51:36,880 --> 00:51:40,239 Speaker 1: and I've been reading the nineteen eighties and nineteen seventies 864 00:51:40,280 --> 00:51:44,360 Speaker 1: back issues of Rolling Stone, and these interviews that he 865 00:51:44,360 --> 00:51:46,600 Speaker 1: would give and their jest. I mean when he was 866 00:51:46,640 --> 00:51:49,719 Speaker 1: growing up in Asbury Park, and you know Clarence, remember him, 867 00:51:50,200 --> 00:51:53,000 Speaker 1: Clarence Thomas and and and just all of it, you know. 868 00:51:53,000 --> 00:51:54,760 Speaker 1: And I remember. It was one of the first concerts 869 00:51:54,760 --> 00:51:56,360 Speaker 1: I ever went. So I was in the Nodes Bleeds 870 00:51:56,360 --> 00:51:59,759 Speaker 1: section back in Philly. Uh and he played thunder Road 871 00:51:59,800 --> 00:52:03,680 Speaker 1: and I gotta tell you it was just magic. I 872 00:52:04,320 --> 00:52:05,840 Speaker 1: was all the way up in the rafters that Lincoln 873 00:52:05,880 --> 00:52:10,040 Speaker 1: Financial Field and I felt like, I don't know if 874 00:52:10,040 --> 00:52:12,560 Speaker 1: anyone knows Philly, but the Blue Route runs right behind it. 875 00:52:12,560 --> 00:52:14,480 Speaker 1: It was so high up. You know, you get a 876 00:52:14,520 --> 00:52:16,399 Speaker 1: little nervous when you look down. I'm not scared of anything. 877 00:52:16,400 --> 00:52:18,920 Speaker 1: I'm not scared of heights, but I got a little nervous, 878 00:52:19,080 --> 00:52:21,120 Speaker 1: you know, my chest beating a little fast. Here I 879 00:52:21,160 --> 00:52:24,280 Speaker 1: am looking at the highway. But then Bruce starts playing 880 00:52:24,280 --> 00:52:26,560 Speaker 1: and I just it was. It was incredible. Maddy Dupler 881 00:52:26,600 --> 00:52:29,040 Speaker 1: was on the line founder of Forward Strategies. I needed that, Maddie. 882 00:52:29,160 --> 00:52:31,880 Speaker 1: I needed to feel a little moment of brevity and 883 00:52:32,000 --> 00:52:35,439 Speaker 1: these tense times and chriss On Okay, I'm gonna ask 884 00:52:35,440 --> 00:52:39,560 Speaker 1: you both the question. Maddie, what's your favorite Bruce song? Oh, 885 00:52:39,800 --> 00:52:42,799 Speaker 1: don't ask that. I'm not really see I'm like all 886 00:52:42,880 --> 00:52:46,200 Speaker 1: for three, Chris, Okay, the other two guests yesterday they 887 00:52:46,200 --> 00:52:48,319 Speaker 1: didn't like Bruce either. And Maddie, I'm I tried to 888 00:52:48,320 --> 00:52:50,239 Speaker 1: be respectful to all the guests. You know, I'm an anchor. 889 00:52:50,239 --> 00:52:52,040 Speaker 1: I'm trying. I'm trying to be an anchor. I'm trying 890 00:52:52,040 --> 00:52:54,440 Speaker 1: to be a host. And I and I'm like, you know, 891 00:52:54,480 --> 00:52:56,400 Speaker 1: it's welcome to my home. I want to be calm. 892 00:52:56,719 --> 00:52:59,719 Speaker 1: But you don't like Bruce. Chris, what's your favorite Bruce song? 893 00:53:03,120 --> 00:53:06,440 Speaker 1: Such a good one, such a good one. And I 894 00:53:06,560 --> 00:53:09,200 Speaker 1: read this in uh in one of the local papers 895 00:53:09,200 --> 00:53:12,799 Speaker 1: in New in Jersey earlier this week. The piano that 896 00:53:13,000 --> 00:53:16,319 Speaker 1: he wrote many of these songs on for for the 897 00:53:16,360 --> 00:53:20,280 Speaker 1: Board to Run album is actually missing. Bruce Springsteen's piano 898 00:53:20,320 --> 00:53:24,200 Speaker 1: went missing. Who knew? Who? I don't know. I'm gonna 899 00:53:24,200 --> 00:53:25,839 Speaker 1: get you know, of all the problems in the world, 900 00:53:25,840 --> 00:53:28,600 Speaker 1: though I feel like that should not be I don't 901 00:53:28,640 --> 00:53:30,839 Speaker 1: even know it's a great song. Um, all right, it's 902 00:53:30,840 --> 00:53:33,400 Speaker 1: time now for my favorite part of the show, and 903 00:53:33,440 --> 00:53:37,799 Speaker 1: that is what is on your radar, my radar, what's 904 00:53:37,800 --> 00:53:39,880 Speaker 1: on your radar? And I'm gonna tell you what's online. 905 00:53:39,960 --> 00:53:45,560 Speaker 1: And that's Larry Hogan, because this afternoon, Governor Hogan has 906 00:53:45,640 --> 00:53:49,360 Speaker 1: authorized all of Maryland Counties schools to or all of 907 00:53:49,440 --> 00:53:53,600 Speaker 1: Maryland Counties to reopen schools, which is is remarkable. I'm 908 00:53:53,600 --> 00:53:57,120 Speaker 1: reading for the Baltimore Sun as Maryland's public school students 909 00:53:57,200 --> 00:54:00,799 Speaker 1: prepared to start the school year online stay officials said 910 00:54:00,840 --> 00:54:04,480 Speaker 1: all school systems meet a new set of benchmarks that 911 00:54:04,560 --> 00:54:08,879 Speaker 1: indicate it is safe to reopen for some in person instruction. 912 00:54:09,239 --> 00:54:12,280 Speaker 1: Governor Hogan said it a news conference in Annapolis earlier today. 913 00:54:12,360 --> 00:54:15,640 Speaker 1: Quote finding a way to return children to classrooms must 914 00:54:15,680 --> 00:54:20,080 Speaker 1: be a priority. There is no substitute for in person instruction. 915 00:54:20,160 --> 00:54:23,640 Speaker 1: Hogan announced that all school districts across the state are 916 00:54:23,680 --> 00:54:27,160 Speaker 1: now authorized to begin safely reopening. He said it was 917 00:54:27,239 --> 00:54:31,279 Speaker 1: unacceptable that some school districts have not considered plans to 918 00:54:31,560 --> 00:54:36,239 Speaker 1: re open. It is really interesting, I think when you 919 00:54:36,280 --> 00:54:40,400 Speaker 1: look at the dynamics because for according to the governor, 920 00:54:41,160 --> 00:54:45,600 Speaker 1: uh they fit, the data fits in terms of what 921 00:54:45,680 --> 00:54:49,360 Speaker 1: they have to do. And I just find this remarkable 922 00:54:49,400 --> 00:54:51,320 Speaker 1: because I was reading in the Wall Street Journal today 923 00:54:51,360 --> 00:54:54,920 Speaker 1: just about how other countries are are handling this problem. 924 00:54:54,920 --> 00:55:01,000 Speaker 1: In Mexico, for example, they're actually broadcasting on television school 925 00:55:01,120 --> 00:55:04,520 Speaker 1: and class for students because they don't have enough bandwidth 926 00:55:04,560 --> 00:55:07,200 Speaker 1: and their WiFi capability. So they're actually going to be 927 00:55:07,239 --> 00:55:14,200 Speaker 1: broadcasting national classrooms on television in Mexico, Which is you 928 00:55:14,239 --> 00:55:17,240 Speaker 1: think of? Just just that in and of itself blows 929 00:55:17,280 --> 00:55:20,880 Speaker 1: my mind. Chris, come in here, just about uh, the 930 00:55:21,000 --> 00:55:23,400 Speaker 1: school issue and is how much of an important role 931 00:55:23,480 --> 00:55:25,759 Speaker 1: this is going to play in the upcoming election. I 932 00:55:25,800 --> 00:55:28,600 Speaker 1: think it's a huge issue. And I think had we 933 00:55:28,760 --> 00:55:34,080 Speaker 1: buckled down all together as a nation when this broke out, 934 00:55:34,160 --> 00:55:36,480 Speaker 1: like many other countries in the world did, we'd be 935 00:55:36,640 --> 00:55:39,680 Speaker 1: getting ready all across this country to send our kids 936 00:55:39,680 --> 00:55:41,759 Speaker 1: back to school. I live on Long Island in New York, 937 00:55:42,239 --> 00:55:46,720 Speaker 1: Billy Joel country, if you were, and and our kids 938 00:55:46,719 --> 00:55:49,440 Speaker 1: are going back to school. And I don't know if 939 00:55:49,440 --> 00:55:51,520 Speaker 1: that's gonna lay out, because I you know, I think 940 00:55:51,520 --> 00:55:54,920 Speaker 1: that this virus still has another life in it. But 941 00:55:55,080 --> 00:55:57,319 Speaker 1: I think it is a huge issue. I think it 942 00:55:57,320 --> 00:56:00,480 Speaker 1: it might be the most important issue for a lot 943 00:56:00,520 --> 00:56:02,880 Speaker 1: of people. And the president is working so hard to 944 00:56:02,920 --> 00:56:06,279 Speaker 1: get suburban women. But suburban women who are seeing their 945 00:56:06,320 --> 00:56:08,840 Speaker 1: kids sit at home are not going to be happy 946 00:56:08,880 --> 00:56:12,280 Speaker 1: in November. And he'd been her hope in the Swing 947 00:56:12,360 --> 00:56:14,640 Speaker 1: states that the school year doesn't get shut down because 948 00:56:14,640 --> 00:56:17,640 Speaker 1: of COVID nineteen, because that will be a devastating blow 949 00:56:17,719 --> 00:56:20,200 Speaker 1: to his campaign and his re election. Matti Doubler, what's 950 00:56:20,200 --> 00:56:23,960 Speaker 1: on your radar? What's on my radar? Well, school openings 951 00:56:24,000 --> 00:56:25,640 Speaker 1: are always on my radar, and my kids not old 952 00:56:25,719 --> 00:56:28,840 Speaker 1: enough for school yet. But I agree with Chris on 953 00:56:28,920 --> 00:56:32,279 Speaker 1: this point, which is that without schools reopening, we don't 954 00:56:32,280 --> 00:56:36,520 Speaker 1: have an economic reopening, if you will, UM, and women 955 00:56:36,760 --> 00:56:39,560 Speaker 1: in families across this country are bearing the front of that, 956 00:56:39,680 --> 00:56:43,600 Speaker 1: and that is going to have huge consequences incoming years 957 00:56:43,600 --> 00:56:45,000 Speaker 1: if we don't get that right. So I think that's 958 00:56:45,000 --> 00:56:48,759 Speaker 1: extremely important. And Maryland, Larry Hogan Man, he's been a 959 00:56:48,880 --> 00:56:51,200 Speaker 1: great leader throughout the course of all of this. UM. 960 00:56:51,239 --> 00:56:53,319 Speaker 1: But what's in my radar is the Federal Reserve si keV. 961 00:56:53,800 --> 00:56:55,840 Speaker 1: This announcement from the Federal Reserve that they're going to 962 00:56:55,960 --> 00:56:58,160 Speaker 1: do that dual way but kind of ignore their two 963 00:56:58,160 --> 00:57:04,600 Speaker 1: percent inflations target is remarkable because well it's remarkable because 964 00:57:04,680 --> 00:57:08,280 Speaker 1: this is the FED core job is to focus on inflation, 965 00:57:08,400 --> 00:57:10,800 Speaker 1: focus on employment. They're saying, we're not even going to 966 00:57:10,880 --> 00:57:14,120 Speaker 1: think about inflation until we get the employment picture right. Materially, 967 00:57:14,200 --> 00:57:15,880 Speaker 1: this is going to have much of an impact on 968 00:57:15,960 --> 00:57:19,200 Speaker 1: the economy. Um. But I do think it's acknowledgment from 969 00:57:19,200 --> 00:57:22,560 Speaker 1: the Central Bank that there's been a breaking down of 970 00:57:22,600 --> 00:57:25,600 Speaker 1: this relationship between employment and inflation, which has happened for 971 00:57:25,680 --> 00:57:27,440 Speaker 1: years and years and years, and we need to start 972 00:57:27,440 --> 00:57:29,280 Speaker 1: getting to the bottom it. So I am really interested 973 00:57:29,320 --> 00:57:31,080 Speaker 1: to see where this leads us in a couple of years. 974 00:57:31,240 --> 00:57:34,320 Speaker 1: With a conversation on monetary policy, Chris, what's on your radar? 975 00:57:35,080 --> 00:57:37,640 Speaker 1: So I'm interested to know where the campaigns are gonna 976 00:57:37,640 --> 00:57:40,840 Speaker 1: be spending money after these conventions are over. I got 977 00:57:40,920 --> 00:57:43,920 Speaker 1: little attention, but the Trump campaign took down all of 978 00:57:43,960 --> 00:57:48,960 Speaker 1: their broadcast ads the last couple of days. That's interesting 979 00:57:49,040 --> 00:57:52,040 Speaker 1: to me. I think probably because those ads were ineffective. 980 00:57:52,440 --> 00:57:54,400 Speaker 1: I do think they'll be going back off. I think 981 00:57:54,400 --> 00:57:58,640 Speaker 1: they're actually more effective on social media with their campaigning anyway. 982 00:57:58,720 --> 00:58:00,840 Speaker 1: But I do want to see where they're putting their 983 00:58:00,840 --> 00:58:02,760 Speaker 1: money right now, because that really tells you where these 984 00:58:02,840 --> 00:58:05,840 Speaker 1: races are. The Trump campaign pulled out in Michigan three 985 00:58:05,920 --> 00:58:09,800 Speaker 1: weeks ago. They haven't spent any money there in three weeks. Uh, 986 00:58:09,920 --> 00:58:12,280 Speaker 1: that is an interesting signal. I mean, I guess they're 987 00:58:12,280 --> 00:58:15,680 Speaker 1: gonna dump their money to Arizona and then protecting Florida. 988 00:58:16,000 --> 00:58:18,240 Speaker 1: But you know, Michigan is a pretty big state for 989 00:58:18,280 --> 00:58:22,240 Speaker 1: them to give up on. That's it's it's fascinating just 990 00:58:22,280 --> 00:58:24,160 Speaker 1: to watch where the money goes and and and of 991 00:58:24,160 --> 00:58:27,080 Speaker 1: course we'll all be glued to the polls, the politicos 992 00:58:27,080 --> 00:58:28,800 Speaker 1: that US will be glued to the polls just to 993 00:58:28,880 --> 00:58:32,200 Speaker 1: see how this is going. And just an update on 994 00:58:32,320 --> 00:58:35,520 Speaker 1: Hurricane Laura. Laura made landfall New York Cameron in Louisiana 995 00:58:35,800 --> 00:58:38,600 Speaker 1: as one of the region's worst hurricanes in history, threatening 996 00:58:38,640 --> 00:58:42,160 Speaker 1: to devastate the US Gulf Coast with catastrophic storm surges, 997 00:58:42,200 --> 00:58:46,880 Speaker 1: flash floods, and powerful winds that could leave areas uninhabitable 998 00:58:46,920 --> 00:58:51,680 Speaker 1: for weeks or months. Uh. So hurricane season now uh 999 00:58:51,720 --> 00:58:57,000 Speaker 1: in a full effect. Uh and it has been since. Uh. 1000 00:58:57,440 --> 00:59:00,640 Speaker 1: You know, the weather reports suggest that it has taken 1001 00:59:01,040 --> 00:59:05,240 Speaker 1: a turn somewhat for for the better, if you want 1002 00:59:05,280 --> 00:59:08,160 Speaker 1: to say that. I mean, it's tough to to describe that. Uh. 1003 00:59:08,200 --> 00:59:11,400 Speaker 1: In in in those terms, and again CNN reporting that 1004 00:59:11,480 --> 00:59:15,840 Speaker 1: Hurricane Laura has damaged the Late Charles UH struct damage 1005 00:59:16,280 --> 00:59:20,120 Speaker 1: in Late Charles as well. So destruction everywhere is how 1006 00:59:20,240 --> 00:59:23,560 Speaker 1: USA Today's headline is putting at the images just really 1007 00:59:23,600 --> 00:59:27,520 Speaker 1: really really horrifying. Remember, folks, Special coverage on Bloomberg Television 1008 00:59:27,520 --> 00:59:30,400 Speaker 1: and on Bloomberg Radio tonight beginning of UH for the 1009 00:59:30,440 --> 00:59:33,720 Speaker 1: Republican National Convention. The President anticipated to speak in the 1010 00:59:33,720 --> 00:59:36,840 Speaker 1: ten PM Eastern New York Our David Weston leads our team. 1011 00:59:36,920 --> 00:59:39,040 Speaker 1: I'll be at the White House covering it all live. 1012 00:59:39,120 --> 00:59:41,959 Speaker 1: Thank you to Chris, Thank you to Maddie. Thank you 1013 00:59:42,120 --> 00:59:45,040 Speaker 1: for listening. Download the Boomberg Bloomberg Sound On podcast on 1014 00:59:45,040 --> 00:59:47,040 Speaker 1: APPLEI Tunes and Bloomberg dot com, or by downloading the 1015 00:59:47,040 --> 00:59:49,920 Speaker 1: Bloomberg Business app. You can also find me on Radio 1016 00:59:50,000 --> 00:59:52,480 Speaker 1: dot com, I Heart Radio, or Spotify. My name is 1017 00:59:52,560 --> 00:59:55,439 Speaker 1: Kevin Surreally. I'm the Chief Washington correspondent from Bloomberg TV 1018 00:59:55,480 --> 00:59:57,160 Speaker 1: and Radio, and you're listening to Bloomberg