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Speaker 1: Five from our Nation's Camera. How do we reopen this economy?

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

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

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

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

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

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

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

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

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Speaker 1: m h D two. One week till the election, we

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Speaker 1: check in with Jorge Baby and Bloomberg White House Reporter

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Speaker 1: and COVID fear is back in Driving Markets, John Author's

13
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Speaker 1: Bloomberg Opinion columnists and senior editor from Markets ways in

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Speaker 1: on what happened in the markets today and next hour.

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Speaker 1: Congresswoman Abigail Spannberger, Democrat representing Virginia's seventh congressional district, COVID relief,

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Speaker 1: digital divide and broadband during the pandemic, lots to get through.

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Speaker 1: Where did the time go? One week? One week until

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Speaker 1: November three, The election, the Big Enchilada, the big, the big.

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Speaker 1: I don't know, I don't know what I what can

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Speaker 1: I say? What can I get away with? Jordan's Fabian

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Speaker 1: Bloomberg whiteouts reporter Jordan, how did President Trump spend the

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Speaker 1: day today on the campaign trail? Well, Kevin, he started

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Speaker 1: off just now with a rally in Lansing, Michigan. He's

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Speaker 1: gonna head to Nebraska later on and as well as Wisconsin. Wisconsin,

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Speaker 1: the state that, of course, he won back in twenty sixteen.

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Speaker 1: Long in Michigan and the Nebraska stop can help him

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Speaker 1: show up a single electoral vote in Nebraska, which divides

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Speaker 1: its electoral votes by congressional district and not the whole state.

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Speaker 1: So what do you mean by that that? That's that's interesting.

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Speaker 1: Let's go there. What does that mean? So that means that, yeah,

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Speaker 1: the electoral votes are proportioned by congressional district, So if

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Speaker 1: candidate wins the congressional district, then they can split the

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Speaker 1: electoral vote. So it'll say Joe Biden wins Nebraska second district,

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Speaker 1: where President Trump is heading right now, he can win

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Speaker 1: one of Nebraska's five electoral votes. Okay, that's fascinating. They're

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Speaker 1: also doubling down on Florida and Pennsylvania. I spoke to

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Speaker 1: a source earlier this afternoon who said, they're still confident

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Speaker 1: about Pennsylvania. You've got this unrest happening in Philadelphia. They

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Speaker 1: feel they're overperforming in Philadelphia, the actual city, compared to

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Speaker 1: Hillary Clinton. What do we know about Pennsylvania. Well, I

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Speaker 1: can tell you Kevin there there are certainly spending a

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Speaker 1: lot of time there. I was with the President yesterday

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Speaker 1: where he did three rallies in Pennsylvania in the northeastern

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Speaker 1: part of the state now Intown is central part of

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Speaker 1: the state, in Lancaster, and then in Altoona in the

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Speaker 1: western part of the state. So yeah, that that's the

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Speaker 1: state that carries a lot of electoral votes. The President

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Speaker 1: thinks he's got a good message on fracking and energy

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Speaker 1: after what Joe Biden said in the final debate about

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Speaker 1: transitioning away from the oil industry, and so they're gonna

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Speaker 1: try to press their advantage there as one of the

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Speaker 1: key states they're focusing on. Okay, Meanwhile, Joe Biden also

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Speaker 1: returning to the campaign trail. The Biden campaign is trying

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Speaker 1: to expand the map. What states do they have their

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Speaker 1: eyes on Well, I think they're trying to rebuild that

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Speaker 1: blue wall in the Midwest Kevin that the President battered

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Speaker 1: in sen So they're looking at some of the same

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Speaker 1: states Michigan, Wisconsin, and uh and Minnesota, of course, in Pennsylvania,

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Speaker 1: which is right next to the Vice president's home state

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Speaker 1: of Delaware, but also expanding the map in places like

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Speaker 1: Arizona and Georgia, where the Vice President was today. They

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Speaker 1: think that with the influx of Georgia, migrants from the

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Speaker 1: from the from the north, and and some of the

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Speaker 1: growth that Democrats have in the suburbs of those states,

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Speaker 1: they can they can have a chance of winning those

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Speaker 1: traditionally red states. It's just gonna be absolutely fascinating. Jordan

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Speaker 1: Fabians online Bloomberg White House reporters seven days out I

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Speaker 1: guess six six days and some hours out until election day.

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Speaker 1: The President today telling reporters that he doesn't necessarily believe

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Speaker 1: or he believes that there should be a result on

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Speaker 1: election night. Jordan's what do we know about how the

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Speaker 1: White House is preparing and how the biding campaign is

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Speaker 1: preparing for potentially some not potentially not having a result

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Speaker 1: on election night. Well, they're certainly carrying up for a

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Speaker 1: possible legal battle, Kevin. And they're already stiding uh that

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Speaker 1: in courts and in many states, the Trump campaign fighting

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Speaker 1: some battles and courts and Pennsylvania and Nevada over mail

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Speaker 1: and ballots and and poll watchers, and and they're certainlysembling

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Speaker 1: a legal team for any battles that might ensue afterwards.

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Speaker 1: But I gotta say, Kevin, this is a bit of

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Speaker 1: a misknowner by the president. News organizations will often call

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Speaker 1: the results on election night, but in closely contested states,

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Speaker 1: year after year, we see results not being decided formally

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Speaker 1: for days, if not weeks afterwards. So while yes, there

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Speaker 1: are uh, certainly states that are lying on mail in ballots,

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Speaker 1: much more so than the past because of the pandemic,

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Speaker 1: it's not really true to say that the election is

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Speaker 1: always decided on election night. All Right. It's not just

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Speaker 1: Joe Biden and President Trump who are hitting the campaign trail.

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Speaker 1: It's also former President Barack Obama. Obama was an Orlando,

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Speaker 1: Florida earlier today and he talked about the economy. Taken

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Speaker 1: take a listen to former President Obama talking about the economy.

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Speaker 1: Here he is economic damage that he inflicted by botching

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Speaker 1: the pandemic response means he will be the first president

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Speaker 1: since Herbert who to actually lose jobs. What So, what's

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Speaker 1: striving the closing argument? Is it COVID nineteen for for

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Speaker 1: Joe Biden? Is it the economy for Trump? What is it?

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Speaker 1: You said it? It's definitely the COVID nineteen pandemic and

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Speaker 1: Trump's handling of it. For Joe Biden. Uh, they're arguing

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Speaker 1: that he has botched this response and the and their

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Speaker 1: country has suffered as a result, while you're seeing the

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Speaker 1: really downplay the pandemic by saying, you know, COVID, COVID, COVID,

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Speaker 1: it's all the media is talking about and trying to

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Speaker 1: get voters to focus on some of what his success

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Speaker 1: is before the pandemic, and also trying to paint Democrats

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Speaker 1: as too far to the left. And so those are

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Speaker 1: the those are the messages you'll hear from the nominees

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Speaker 1: here in the final days. Jordan, I'm in my Bloomberg

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Speaker 1: terminal right now, and I've got a map of the

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Speaker 1: United States pulled up and it's red and it's blue,

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Speaker 1: and no, it's not an electoral college map. It's a

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Speaker 1: map of COVID nineteen hospitalizations, which shows that those hospitalizations

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Speaker 1: are rising. Diving into the terminal COVID nineteen hospitalizations have

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Speaker 1: risen at least ten percent in the past week in

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Speaker 1: thirty two states and the nation's capital, as the month

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Speaker 1: old viral surge increasingly weighs on America's healthcare system. Current

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Speaker 1: hospitalization swordent wow in New Mexico, in Wyoming and thirty

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Speaker 1: eight percent in can Etiquette, among other notable increases. UH

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Speaker 1: South Dakota, Montana, and North Dakota have the most current

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Speaker 1: patients per capita. Jordan, I'm fascinated by this. I know

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Speaker 1: we don't have an answer. We're not going to have

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Speaker 1: an answer until weeks, potentially months. Dare I say years after?

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Speaker 1: In terms of how COVID nineteen at the local level

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Speaker 1: is going to impact turnout on election day, There's been

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Speaker 1: obviously a dramatic increase in early election voting. Fifty million

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Speaker 1: Americans already casting their ballots. I spoke with a source

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Speaker 1: today who suggested to me, Hey, those folks casting ballots

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Speaker 1: were also likely to show up at the polls on

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Speaker 1: November three. It's going to be just riveting and one

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Speaker 1: of the narratives of election night to really look into

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Speaker 1: whether or not first time voters or returning voters or

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Speaker 1: disenfranchised voters cast a mail in ballot, or if these

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Speaker 1: were the folks who were going to vote all along.

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Speaker 1: Jordan's yeah, you know, you're right having that those are

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Speaker 1: going to be interesting things to watch. But the trends

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Speaker 1: right now are showing the early voting levels farster passing

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Speaker 1: what they were in and even when Democrats saw a

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Speaker 1: surge of turnout, and we generally believed that larger turnout

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Speaker 1: is better for the Democratic candidates. If if the president,

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Speaker 1: if excuse me, Hillary Clinton, had seen larger turned out

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Speaker 1: in states like Wisconsin, Michigan, and Pennsylvania in twenty sixteen,

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Speaker 1: she likely would have won. So I think the Democrats

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Speaker 1: look at those numbers and they are encouraged by them.

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Speaker 1: But we'll have to see, of course, if this year

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Speaker 1: proved to be different, and you also have you Republicans

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Speaker 1: are voting early in large numbers because of the pandemic too.

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Speaker 1: Will only find that out on election night or afterwards.

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Speaker 1: Jordan's great point. That's a great point. Are the Eagles

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Speaker 1: gonna be the cowboys? This weekend? It was pretty cowboss

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Speaker 1: was pretty bad on Sunday, Kevin against Washington. So you

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Speaker 1: gotta think the Eagles. Have you seen the starts our season?

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Speaker 1: But I mean, yeah, we we had that big win

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Speaker 1: last week. But I mean, I just it's it's just,

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Speaker 1: you know, sometimes I don't even know what I'm watching.

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Speaker 1: But Boston's got has my full undivided loyalty. Jordan Fabian,

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Speaker 1: Bloomberg White House Reporter. Where are you headed two next? Buddy?

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Speaker 1: We'll speak Kevin. The President's got a lot of stops

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Speaker 1: in the coming days, so I'm sure I'll be out

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Speaker 1: there for one of them. And uh and it will

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Speaker 1: be certainly one of the Link states for sure. Yeah.

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Speaker 1: Pack the pure l alright, Jordan's stay safe. Jordan Fabian, Bloomberg,

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Speaker 1: White House Reporter, Town Bload the Bloomberg sown on podcast

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Speaker 1: on Apple, it Tunes, at Bloomberg dot com, or by

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Speaker 1: downloading the Bloomberg Business App. You can also find me

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Speaker 1: on Bloomberg Radio, I Heart Radio dot com, I Heart Radio,

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Speaker 1: and Spotify. For all of our latest coverage on COVID nineteen,

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Speaker 1: head on over so Bloomberg dot com slash coronavirus coming up.

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Speaker 1: What happened in the markets today? Tech shares gain after

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Speaker 1: chip Maker merger and acquisition. You're listening to Bloomberg one.

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Speaker 1: This is Bloomberg Sound On with Kevin Surreley on Bloomberg

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Speaker 1: and one oh five point seven f M HD two.

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

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Speaker 1: for Bloomberg Radio. Red head crossing the Bloomberg Terminal. Early

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Speaker 1: voting reaches fifty point two percent of total US ballots

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Speaker 1: cast in. Wow. I can't even wrap my head around this.

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Speaker 1: I mean, I'm sitting here with our producer on the show,

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Speaker 1: Match Shirley, at our EP Barata. She's face timing in

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Speaker 1: or I guess video conferencing in video videoing video wing?

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Speaker 1: Is that a word in? And she tells us in

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Speaker 1: the break to see this red headline crossing the Bloomberg terminal,

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Speaker 1: I said, Barata, what is it? Early voting reaches fifty

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Speaker 1: point two percent of total US ballots cast in, So

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Speaker 1: I mean, I know half of the folks have already

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Speaker 1: voted in America for the presidency. If you look at

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Speaker 1: the batch of voters from last time. We're going to

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Speaker 1: dive into that coming up in the next hour with

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Speaker 1: Congresswoman Abigail span Burger, Democrat from Virginia, and my all

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Speaker 1: star panel Lester Mundson. Mark poston Bach returns. I said,

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Speaker 1: where's Mark? Ben? We got Mark on today, but first

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Speaker 1: we gotta check in with sticking with the terminal for

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Speaker 1: what happened? Uh in the markets today? Tech shares rose

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Speaker 1: after Advanced micro Devices Inc. Announced a thirty five billion

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Speaker 1: dollar takeover of another chip maker, helping to blunt concern

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Speaker 1: about the impact of growing coronavirus infections. Oil climbed. The

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Speaker 1: tech strength wasn't enough to bluey the SMP Index, which

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Speaker 1: declined for a secon con straight day. Almost four stocks

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Speaker 1: fell for everyone that rose, with banks bearing the brunt

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Speaker 1: of selling this. Uh So that's what happened in the

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Speaker 1: marks today. Joining us on the telephone line, John Authors,

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Speaker 1: he's a Bloomberg opinion columnists and senior editor for Markets.

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Speaker 1: I've got a lot to get through with Mark, but

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Speaker 1: first it makes some meaning. Help me sort through the

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Speaker 1: meaning of what happened in the markets today, John, Well, Basically,

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Speaker 1: you've seen traders continue to act on the assumption that

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Speaker 1: the coronavirus is going to be worse than they previously thought.

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Speaker 1: The tech stocks. And we're not just talking about the

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Speaker 1: Chip merger, but you know, the big names known as

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Speaker 1: the fangs, you know, the the the ultrabee stocks did

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Speaker 1: particularly well today, and that's because companies like Google, Amazon,

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Speaker 1: Microsoft and someone as seen as immune to the virus.

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Speaker 1: They make even more money if we're all stuck indorsed

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Speaker 1: talking to each other online, while any number of stocks,

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Speaker 1: particularly bank stocks, that are seen as being particularly harmed

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Speaker 1: by a return to you know, big impact on our

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Speaker 1: a classic of what we've now unfortunately learned to to

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Speaker 1: my terminal, I'm on I'm on uh Bloomberg dot com

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Speaker 1: and the lead story right now, Governor Andrew Cuomo seeks

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Speaker 1: virus rage as well. I mean, just I can't say

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Speaker 1: this enough. I mean, we we this is a political show,

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Speaker 1: much this this virus is continuing to spread even if

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Speaker 1: it's not impacting folks. Uh psychology of whether or not

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Speaker 1: they go to their local polling place. But again that

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Speaker 1: Bloomberg headline fifty. If headlines like that are around, it

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Speaker 1: is affecting psychology, not as dramatically as oh my god,

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Speaker 1: we might die, which was not an unreasonable fear back

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Speaker 1: in March and April. But just do I really want

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Speaker 1: Maybe I am going to cancel going and seeing Grandma, etcetera, etcetera.

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Speaker 1: It'll have enough to make It will have enough of

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Speaker 1: an effect to move the stock markets and way way

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Speaker 1: and yet it might yet have an effect on people,

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Speaker 1: you know, be half of the country that hasn't voted yet.

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Speaker 1: This is such a thousand percent. This is such a

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Speaker 1: treat for me. John Author's is on the line. He's

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Speaker 1: a senior editor for Markets and before Bloomberg, he spent

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Speaker 1: twenty nine years with The Financial Times, where he was

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Speaker 1: head of the lex column and chief markets commentator. He

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Speaker 1: is the author of The Fearful Rise of Markets and

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Speaker 1: of course other books. Volatility is Back you right, John?

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Speaker 1: On Bloomberg Opinion, Tell me about what's happening with the

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Speaker 1: VEX Okay, the VIX which colvix nineteen, Cox nineteen I love,

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Speaker 1: I love the wordplay. Sorry, I should have been a

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Speaker 1: downtable sub editor at the Sun back in England, didn't there.

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Speaker 1: So the point of the the idea VIX fixes is,

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Speaker 1: you know, ultimately it's technicalities. It's measuring how much people

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Speaker 1: are spending on the options market to protect themselves against

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Speaker 1: volatility in the future. Where it goes up, it means

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Speaker 1: people are more scared, which means that it is often

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Speaker 1: just referred to as the fear index. And in the

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Speaker 1: last few days it has started rising significantly for the

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Speaker 1: first time for an external reason other than because of

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Speaker 1: technicalities I won't bore you with on this show, for

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Speaker 1: the first time since the worst of the pandemic back

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Speaker 1: in back in March. Now. A little of that is

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Speaker 1: people noticing, you know, tightening in Florida and all the

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Speaker 1: stuf that you will be talking about, the possibility that

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Speaker 1: we'll get a type you know, that will get an

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Speaker 1: indecisive election and some kind of a repeat of Florida

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Speaker 1: two thousands. But most of that is that people in

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Speaker 1: the markets in particular really had convinced themselves that the

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Speaker 1: virus was largely over as an economic issue choosing carefully.

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Speaker 1: They're not saying that the extent of the damage was known,

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Speaker 1: and it's getting a little hard. You know, there's there's

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Speaker 1: plenty of high powered hedge fund managers who've been doing

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Speaker 1: a lot of work educating themselves on epidemiology. Uh. And

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Speaker 1: you were largely convinced that that that we had reached

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Speaker 1: the break point for the for the virus, and that's

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Speaker 1: looking a lot harder to sustain given the given the

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Speaker 1: numbers we've seen in the last time. I think this

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Speaker 1: stas and John Arthur's is on with us. He's a

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Speaker 1: senior editor here, he's, of course, you know, a legend

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Speaker 1: and financial journalism, um, and we're just so grateful for

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Speaker 1: for him to to lend his time with us. You know,

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Speaker 1: I asked this delicately because obviously, with a week ago

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Speaker 1: to figure out what America could have done better or

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Speaker 1: has done right. But you write in your column the

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Speaker 1: problem is greater in Europe, where even Germany, the most

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Speaker 1: successful major European country in dealing with the pandemic so far,

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Speaker 1: is seeing a rise in hospitalizations and so just divorce

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Speaker 1: politics for a second and just talk about the virus

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Speaker 1: holistically from a European and and and US and dynamic. Yes,

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Speaker 1: I mean and and bear in mind what it might

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Speaker 1: tell us about society and the body politics that that

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Speaker 1: this stuff is political at all, as this is practical

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Speaker 1: issues argued about between experts in public health, but anyway,

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Speaker 1: with no obvious ideology to them. Um, Germany was the

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Speaker 1: country that did the best job of doing track and trace.

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Speaker 1: It obviously has that much more of a tradition of

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Speaker 1: actually trusting the government, and it has more of doing

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Speaker 1: what the government tells it to no bad nukes here,

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Speaker 1: that there is more of a culture of that in

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Speaker 1: Germany than there is in certainly here in the US

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Speaker 1: than it, but also many other countries in there in

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Speaker 1: in Europe. And it has that much more of a

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Speaker 1: tradition of the best and the brightest actually wanting to

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Speaker 1: work for the government. And so they did actually do

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Speaker 1: a remarkably good job of locking down relatively surgically when

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Speaker 1: they did so, so two weeks of really not letting

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Speaker 1: people move around and really cutting off the virus and

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Speaker 1: then getting it down to the kind of level where

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Speaker 1: you could track and trace the victims. It was it

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Speaker 1: was a small enough story that you could keep it contained.

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Speaker 1: I mean that's the problem that happened in many other

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Speaker 1: European countries, particularly back home in the UK and and

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Speaker 1: here in the States, that once it gets beyond a

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Speaker 1: certain level, that kind of clever stratagem doesn't work anymore.

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Speaker 1: Now the case of Germany, we've got great economic activity data.

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Speaker 1: They've not actually had true lockdowns for some months. They

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Speaker 1: actually got back if you use the Google and Apple.

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Speaker 1: The advantage of their knowing every single second is we

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Speaker 1: know what that is, that they can track activity very well.

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Speaker 1: Germans were back to normal. And gotta jump in here

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Speaker 1: because I have a heartbreak, but thank you, and I

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Speaker 1: couldn't even make up a Halloween fang stock more next

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Speaker 1: joke more next you're listening womb why from our how

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

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

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Speaker 1: United States relationship with China? Floomberg's sound on the insiders,

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

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

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

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

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Speaker 1: Bloomberg Sound On with Ken on Bloomberg two. One week,

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Speaker 1: one more week until the election. We've got every angle

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Speaker 1: cover plus half of the vote count has already cast

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Speaker 1: their ballot in remarkable new reporting and new numbers on

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Speaker 1: early mail in votes. What does it mean? And both

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Speaker 1: candidates are on the campaign trail today, I bring you

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Speaker 1: the latest all of that, plus what happened in the

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Speaker 1: markets today at an exclusive conversation with Congresswoman abigail's Bamberger,

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Speaker 1: Democrat from the battleground state of Virginia. One week to go, folks,

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Speaker 1: one more week and a red headline crossing the Bloomberg

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Speaker 1: terminal just within the last half hour. Dive into my terminal. Now,

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Speaker 1: as we see this, fifty point two percent of voters

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Speaker 1: from election count numbers have already cast their ballot in

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Speaker 1: two thousand and let me just say that again. You've

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Speaker 1: got fifty point two per cent, fifty two percent of

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Speaker 1: total US ballots cast in early voting reaches fifty total

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Speaker 1: US ballots cast in two thousand and sixteen. With that

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Speaker 1: former Vice President Joe Biden was back on the campaign

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Speaker 1: trail today and Georgia. Biden believes this nation, he says,

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Speaker 1: has to be healed. Take a listen to what he

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Speaker 1: said on the trail. Many wonder has it gone too far?

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Speaker 1: Have we passed the point of no return? Has a

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Speaker 1: heart of this nation turned to stone? I don't think so.

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Speaker 1: I refuse to believe it. Meanwhile, Republicans criticizing a lack

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Speaker 1: of campaign rallies from Joe Biden himself. This as President

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Speaker 1: Trump barn storms up and down the coast, barn storms

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Speaker 1: through battleground states like Pennsylvania, Florida, Michigan, Wisconsin. And meanwhile,

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Speaker 1: you had President Trump who said that he's expecting loyalty

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Speaker 1: from his base. He's expecting loyalty from parts of the Midwest.

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Speaker 1: Take a listen to President Trump campaigning earlier today in Nebraska.

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Speaker 1: Here he is, I'm right by Iowa and the farmers.

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Speaker 1: You know, we got the farmers twenty eight billion dollars.

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Speaker 1: So we're very We're we're doing very well as I

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Speaker 1: understand in Iowa and in Nebraska, but we're looking at

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Speaker 1: that Omaha region. That's why we're doing It's a fascinating

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Speaker 1: fascinating tale of two very different campaign strategies. And now

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Speaker 1: we should also note that former President Barack Obama joined

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Speaker 1: the campaign trail in Orlando. Here's former President Obama. Economic

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Speaker 1: damage that he inflicted by botching the pandemic response means

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Speaker 1: he will be the first president since herber who to

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Speaker 1: actually lose jobs. And if all that wasn't enough, Judge

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Speaker 1: Amy Coney Barrett joining the Supreme Court last night, and

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Speaker 1: the virus cases continuing to wreak havoc all throughout the country.

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Speaker 1: And we should note as I dive into my Bloomberg

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Speaker 1: terminal COVID nineteen hospitalizations have res in at least ten

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Speaker 1: percent in the past week in thirty two states and

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Speaker 1: the nation's capital, as the month old viral surge increasingly

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Speaker 1: weighs on America's healthcare system, and not to mention it's

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Speaker 1: economic institutions. With me for the hour an all star panel.

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Speaker 1: Lester months in principle of government relations firm b GR Group.

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Speaker 1: He of course, is also a former senior advisor to

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Speaker 1: the former chairman of the Center Foreign Relations Committee, Bob Corker,

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Speaker 1: the Republican from Tennessee. Got to say, Lester just got

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Speaker 1: back from Nashville love it. Mark Poston back returns Democratic

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Speaker 1: strategists and senior vice president at Rock Solutions Lester, give

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Speaker 1: me the lay of the land one week out. Is

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Speaker 1: the virus gonna impact the dynamics of this race? Is

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Speaker 1: it gonna impact turnout? Doesn't matter when half of America

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Speaker 1: has the electorate has already voted. Well, Kevin, it's a

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Speaker 1: really question. I think the fact that so many people

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Speaker 1: have voted early is almost directly related to coronavirus. Right,

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Speaker 1: we're our normal routines have changed. We have to plan

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Speaker 1: every single move, you have to remember to bring your

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Speaker 1: mask everywhere you go. Things have changed. People are voting

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Speaker 1: differently this time around. I think that's a big part

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Speaker 1: of the reason we're seeing so many people vote early,

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Speaker 1: and you've got to track it right. That changes the

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Speaker 1: way these campaigns are working. This late push by Trump,

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Speaker 1: where he did pretty well in the final debate compared

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Speaker 1: the vice president Biden and now he's barnstorming, may not

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Speaker 1: have quite the impact that would have hubbed in a

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Speaker 1: normal year when people would be waiting to vote. On

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Speaker 1: election day, everyone already voted really good for Trump. Well,

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Speaker 1: it's the question that we just don't know is whether

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Speaker 1: or not the people who voted, whether or not they

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Speaker 1: were going to vote of ready, if these are if

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Speaker 1: these are the devout political junkies so to speak, can

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Speaker 1: never miss an election, and if they're not new voters,

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Speaker 1: we do we don't know that. We don't have exit

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Speaker 1: polling on on the early voting. I spoke with a

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Speaker 1: Republican source earlier this afternoon. Uh uh, Mark Possenbach, who

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Speaker 1: who essentially said to me that much they feel that

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Speaker 1: the president going into town, stopping traffic, flying Air Force one,

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Speaker 1: having the local media there, you know, shutting down the

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Speaker 1: town so to speak. That you know that that's still

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Speaker 1: going to drive turnout. Uh in a way that A

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Speaker 1: that A that a Abiden events, a virtual event won't

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Speaker 1: be able to do. Mark, does that give you pause? Um?

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Speaker 1: You know, I think at the end of the day, Um,

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Speaker 1: you know, this is gonna come down to a couple

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Speaker 1: different things, and I think one is going to be

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Speaker 1: whether or not President Trump can find you know, new voters,

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Speaker 1: new non voters like you did in you know, as

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Speaker 1: you said, UM, We're unclear right now, Um, which way

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Speaker 1: these new voters are going to be. Excuse me that

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Speaker 1: people voting UM so far which way they're going. And

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Speaker 1: you know, obviously things UM will be tightening over time.

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Speaker 1: But at the end of the day, I'd rather be UM,

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00:26:10,480 --> 00:26:14,160
Speaker 1: Joe Biden and Donald Trump. You know, the polls are indicating, UM,

429
00:26:14,600 --> 00:26:16,480
Speaker 1: they're going all in his favorite at this point. So

430
00:26:16,920 --> 00:26:18,800
Speaker 1: you know, even though the incumbents E they're a ton

431
00:26:18,840 --> 00:26:21,080
Speaker 1: of advantages there. You have air force one, you have

432
00:26:21,160 --> 00:26:24,439
Speaker 1: the ability, UM, you know, all the trappings of the

433
00:26:24,440 --> 00:26:27,200
Speaker 1: White House and the presidency. UM. You know, I'd much

434
00:26:27,280 --> 00:26:29,840
Speaker 1: rather be Joe Biden UM up than a couple of

435
00:26:30,040 --> 00:26:32,640
Speaker 1: a number of different states. Um. Even if it's within

436
00:26:32,680 --> 00:26:35,679
Speaker 1: the margin of era, it's remarkable. It's remarkable, and it's

437
00:26:35,680 --> 00:26:38,639
Speaker 1: a razor thin in Florida and the toss up states.

438
00:26:38,680 --> 00:26:42,800
Speaker 1: Paul suggests that Biden has the upper hand in Pennsylvania,

439
00:26:43,119 --> 00:26:45,200
Speaker 1: buried the lead of the New York Times story where

440
00:26:46,680 --> 00:26:51,879
Speaker 1: Trump is is beating Hillary Clinton in the Philadelphia county

441
00:26:51,880 --> 00:26:54,399
Speaker 1: where the city of brotherly love is of course so

442
00:26:54,480 --> 00:26:57,800
Speaker 1: much unrest uh, and in Philadelphia as well. So many

443
00:26:57,840 --> 00:27:01,520
Speaker 1: stories happening right now across the country, UM, and and

444
00:27:01,760 --> 00:27:04,720
Speaker 1: so many different different developments. All right. Just to finish

445
00:27:04,760 --> 00:27:07,400
Speaker 1: off this block, quickly for both of you. We've got

446
00:27:08,240 --> 00:27:10,600
Speaker 1: we've got two minutes, so you know, not too quick.

447
00:27:11,200 --> 00:27:13,399
Speaker 1: Let it breathe, but don't take too too much of

448
00:27:13,480 --> 00:27:18,320
Speaker 1: her breath. Lester, you know, very meditative these days. I'm

449
00:27:18,400 --> 00:27:22,879
Speaker 1: very focused. You know, I do breathe stoicism. You know,

450
00:27:23,000 --> 00:27:27,280
Speaker 1: I read my meditations. Uh, Lester. I appreciate that. Zen,

451
00:27:27,640 --> 00:27:31,359
Speaker 1: So really Zen, Uh Lester, Is this Joe Biden's race

452
00:27:31,440 --> 00:27:35,879
Speaker 1: to lose? I think it is. Uh. You know, there's

453
00:27:35,960 --> 00:27:40,080
Speaker 1: there's a Trump's fatigue factor. We've seen this act for

454
00:27:40,280 --> 00:27:42,520
Speaker 1: four or five years now. I think there's there's a

455
00:27:42,640 --> 00:27:44,879
Speaker 1: certain number of people who are getting tired of it.

456
00:27:45,960 --> 00:27:49,240
Speaker 1: On the other hand, they see what the Democrats have

457
00:27:49,480 --> 00:27:51,560
Speaker 1: moved a little bit to the left. There might be

458
00:27:51,600 --> 00:27:54,440
Speaker 1: some concerns there. Joe Biden has done a pretty good

459
00:27:54,480 --> 00:27:57,639
Speaker 1: job of holding that lead in the polls. Is it

460
00:27:57,720 --> 00:27:59,920
Speaker 1: going to have the same But we can see this

461
00:28:00,000 --> 00:28:02,360
Speaker 1: same dynamic we saw four years ago where those polls

462
00:28:02,400 --> 00:28:07,280
Speaker 1: just undercounted the Trump vote significantly. Trump has always been

463
00:28:08,359 --> 00:28:11,800
Speaker 1: has always under pulled. His numbers have never been fantastic

464
00:28:11,840 --> 00:28:15,159
Speaker 1: in polls like this. When people actually go vote, he

465
00:28:15,320 --> 00:28:18,440
Speaker 1: does better. Joe Biden has kind of been sitting back

466
00:28:18,440 --> 00:28:21,400
Speaker 1: on that lead, staying you know, at home, not doing

467
00:28:21,440 --> 00:28:23,199
Speaker 1: a ton of these rallies. Is that going to be

468
00:28:23,200 --> 00:28:25,600
Speaker 1: a mistake? Always out a smart move. We're gonna find

469
00:28:25,640 --> 00:28:28,480
Speaker 1: out in a week mark I'll get your first, Get

470
00:28:28,520 --> 00:28:30,880
Speaker 1: you first. On the other side, Download the Bloomberg's Down

471
00:28:30,880 --> 00:28:34,199
Speaker 1: On podcast on Apple iTunes, at Bloomberg dot com, or

472
00:28:34,200 --> 00:28:37,320
Speaker 1: by downloading the Bloomberg Business app. You can also find

473
00:28:37,320 --> 00:28:40,920
Speaker 1: me on Radio dot com, I Heart Radio, and Spotify.

474
00:28:41,040 --> 00:28:44,400
Speaker 1: For all of our latest coverage, not just on the elections,

475
00:28:44,440 --> 00:28:48,800
Speaker 1: but COVID nineteen specifically, head on over to Bloomberg dot

476
00:28:48,840 --> 00:28:52,400
Speaker 1: com slash coronavirus. My name is Kevin Surreally on the

477
00:28:52,480 --> 00:28:55,360
Speaker 1: Chief Washington Correspondent for Bloomberg Television and for Bloomberg Radio.

478
00:28:55,400 --> 00:29:18,440
Speaker 1: You're listening to Bloomberg. This is Bloomberg's Sound On with

479
00:29:18,520 --> 00:29:22,960
Speaker 1: Kevin Surley on Bloomberg and one oh five point seven

480
00:29:23,040 --> 00:29:25,640
Speaker 1: F M H D two. My name is Kevin si

481
00:29:25,680 --> 00:29:28,120
Speaker 1: Really of the Chief Washington Correspondent from Bloomberg TV and Radio.

482
00:29:28,160 --> 00:29:29,800
Speaker 1: You know, when I was growing up outside of Philly,

483
00:29:30,440 --> 00:29:34,240
Speaker 1: my mother after my birthday should say sit down. I said,

484
00:29:34,280 --> 00:29:37,600
Speaker 1: what I do wrong? I just turned seven sit down, keV.

485
00:29:38,080 --> 00:29:41,120
Speaker 1: I go, okay, write a thank you note? All right,

486
00:29:41,200 --> 00:29:43,600
Speaker 1: you write a handwritten thank you? Know people don't do

487
00:29:43,640 --> 00:29:45,920
Speaker 1: that anymore. Mark poston Back knows what I mean, but

488
00:29:46,000 --> 00:29:49,320
Speaker 1: Mark does um joining us for the hour, Mark poston Back.

489
00:29:49,360 --> 00:29:52,240
Speaker 1: He has a Democratic strategist senior vice president at Rock

490
00:29:53,000 --> 00:29:57,760
Speaker 1: Solutions and the I always say Rock that way, Rock Solutions.

491
00:29:57,920 --> 00:30:01,360
Speaker 1: I can't help it's so weird. It's so weird, senior

492
00:30:01,440 --> 00:30:04,960
Speaker 1: vice president at a Rock Solutions and for because they

493
00:30:04,960 --> 00:30:08,680
Speaker 1: spell it r O k K Solutions anyway. He's also

494
00:30:08,800 --> 00:30:11,000
Speaker 1: the former National Press Secretary of the d n C

495
00:30:11,200 --> 00:30:16,560
Speaker 1: during the presidential campaign. Lester Munson's also with US Principle

496
00:30:16,600 --> 00:30:20,240
Speaker 1: of Government Relations from b GR Group. Yeah, we gotta

497
00:30:20,280 --> 00:30:23,400
Speaker 1: put a final nail in the in the coffin, the

498
00:30:23,480 --> 00:30:26,120
Speaker 1: mummy coffin. I'm in. I'm in the mood of Halloween.

499
00:30:26,160 --> 00:30:27,720
Speaker 1: I guess you know, don't I don't know. People are

500
00:30:27,720 --> 00:30:30,840
Speaker 1: trick or treating, but I mean I'm socially distant. But

501
00:30:31,680 --> 00:30:35,560
Speaker 1: the nail and the mummy coffin of the fiscal stimulus

502
00:30:35,600 --> 00:30:40,560
Speaker 1: before election day, Uh, Lester Munson, It's it's never gonna happen.

503
00:30:40,960 --> 00:30:44,680
Speaker 1: I mean, I said this to Senator Kevin Kramer the

504
00:30:44,760 --> 00:30:46,640
Speaker 1: other day, and I promise you we will play that

505
00:30:46,680 --> 00:30:51,040
Speaker 1: interview tomorrow because we have Congresswoman Spamburger tonight. But he

506
00:30:51,160 --> 00:30:54,760
Speaker 1: said it was always gonna be fiscal stimulus in the

507
00:30:54,840 --> 00:30:58,320
Speaker 1: lane duck lester to begin with. I said, well, then

508
00:30:58,400 --> 00:31:01,000
Speaker 1: why all the back and fourth for the past Oh,

509
00:31:01,040 --> 00:31:05,000
Speaker 1: I don't know, six months. Well, there's been a lot

510
00:31:05,040 --> 00:31:08,040
Speaker 1: of posturing. Everyone's got to get a get a message out.

511
00:31:08,120 --> 00:31:11,440
Speaker 1: You know. The House under Speaker Polos who passed the

512
00:31:11,440 --> 00:31:13,680
Speaker 1: bill that was everyone, there was a messaging bill. The

513
00:31:13,720 --> 00:31:18,120
Speaker 1: Senate did similar things. An amazing thing for me during

514
00:31:18,160 --> 00:31:23,080
Speaker 1: this interesting political process was watching the President have four

515
00:31:23,240 --> 00:31:27,320
Speaker 1: different positions on the negotiation, all within about twenty four hours.

516
00:31:27,320 --> 00:31:32,440
Speaker 1: It was headspinning and uh and a lot of conversations

517
00:31:32,440 --> 00:31:35,560
Speaker 1: between Secretary of minut Chin and the Speaker. It was

518
00:31:35,600 --> 00:31:37,920
Speaker 1: it was there was just a lot of a lot

519
00:31:37,960 --> 00:31:41,520
Speaker 1: of chaff in the air, but no real substance. Okay,

520
00:31:41,720 --> 00:31:44,520
Speaker 1: Mark poston Bach, let me riddle me this. One of

521
00:31:44,520 --> 00:31:47,400
Speaker 1: the things that I gathered from my reporting today was

522
00:31:47,480 --> 00:31:53,600
Speaker 1: when the lawmakers told me, essentially the election next week

523
00:31:53,680 --> 00:31:56,800
Speaker 1: is going to inform the fiscal stimulus talks. For the

524
00:31:56,880 --> 00:31:59,920
Speaker 1: lame duck. That's very confusing because if we don't I mean,

525
00:32:00,080 --> 00:32:02,200
Speaker 1: and we're we are going to get hypothetical just for

526
00:32:02,200 --> 00:32:05,520
Speaker 1: a minute. If we don't have a result, they can't

527
00:32:05,520 --> 00:32:08,640
Speaker 1: negotiate fiscal stimulus while they're duking it out over who's

528
00:32:08,680 --> 00:32:12,600
Speaker 1: president of the United States and what the majority will

529
00:32:12,640 --> 00:32:16,240
Speaker 1: be in the next election. Especially we we talked about

530
00:32:16,240 --> 00:32:19,600
Speaker 1: mail and ballots, well that also includes the down ballot races,

531
00:32:19,680 --> 00:32:23,200
Speaker 1: so that in and of itself the windows closed. Secondly,

532
00:32:24,040 --> 00:32:26,880
Speaker 1: they how do you even if you've got one side

533
00:32:27,080 --> 00:32:32,320
Speaker 1: essentially leaving or going or coming or whatnot. I find

534
00:32:32,480 --> 00:32:35,080
Speaker 1: I just can't wrap my head around how they will

535
00:32:35,120 --> 00:32:38,000
Speaker 1: be able to negotiate a fiscal stimulus deal with this

536
00:32:38,120 --> 00:32:42,840
Speaker 1: much volatility coming from the nation's capital over an election result.

537
00:32:43,440 --> 00:32:48,560
Speaker 1: And most importantly, I'm not sure Americans who are are

538
00:32:48,720 --> 00:32:53,840
Speaker 1: craving stimulus that they can hold on much longer. Mark, Yeah,

539
00:32:53,920 --> 00:32:55,680
Speaker 1: I mean I think, Um, you know, what was said

540
00:32:55,720 --> 00:32:57,880
Speaker 1: earlier is exactly right. You've got a lot of different

541
00:32:57,880 --> 00:33:02,160
Speaker 1: people taking different positions. Know, um speak of Pelosi, you know,

542
00:33:02,320 --> 00:33:05,600
Speaker 1: maybe thinking she's gonna have a stronger hand after election day.

543
00:33:05,640 --> 00:33:09,200
Speaker 1: You know you've seen um, her sort of comments change,

544
00:33:09,240 --> 00:33:11,840
Speaker 1: and you know, the presidents also saying, you know today

545
00:33:11,920 --> 00:33:14,960
Speaker 1: promised the best stimulus package you've ever seen after the election,

546
00:33:15,040 --> 00:33:17,360
Speaker 1: and you know, speakers have started talking a little bit

547
00:33:17,400 --> 00:33:19,880
Speaker 1: more about UM that as well in terms of a

548
00:33:19,920 --> 00:33:22,479
Speaker 1: post election deal. I do think it will be interesting.

549
00:33:22,480 --> 00:33:24,200
Speaker 1: I mean, at some point there will be so much

550
00:33:24,280 --> 00:33:28,960
Speaker 1: pressure on UM on Congress to do something UM and

551
00:33:29,080 --> 00:33:31,720
Speaker 1: logistically is that is that canna be possible? But I

552
00:33:31,720 --> 00:33:35,200
Speaker 1: mean you have you know, the Dow sort of going

553
00:33:35,240 --> 00:33:37,000
Speaker 1: down on Monday, and then they was up a little

554
00:33:37,000 --> 00:33:38,840
Speaker 1: bit today. Excuse me that Nasdaq was up a little

555
00:33:38,880 --> 00:33:41,080
Speaker 1: bit today, that was still down a little bit at

556
00:33:41,120 --> 00:33:43,560
Speaker 1: the same time, you know, you've got cases going up.

557
00:33:43,640 --> 00:33:46,800
Speaker 1: So I don't know logistically how it works, but there's

558
00:33:46,800 --> 00:33:49,240
Speaker 1: going to be continued political pressure and they're gonna have

559
00:33:49,320 --> 00:33:52,800
Speaker 1: to figure something out and move past sort of um,

560
00:33:52,840 --> 00:33:54,920
Speaker 1: you know, the pastoring that's been taking place thus far.

561
00:33:55,000 --> 00:33:57,760
Speaker 1: I just don't see, um, you know, how that happens.

562
00:33:57,800 --> 00:34:00,360
Speaker 1: And and I think at some point too, there will

563
00:34:00,400 --> 00:34:02,640
Speaker 1: be even more debate I think about you know the

564
00:34:02,720 --> 00:34:05,440
Speaker 1: size of these stimulus passages. I mean, I think at

565
00:34:05,480 --> 00:34:08,239
Speaker 1: this point where a four trillion dollars if you you know,

566
00:34:08,360 --> 00:34:11,360
Speaker 1: count grants and things like that. Um, you know, the

567
00:34:11,440 --> 00:34:13,920
Speaker 1: other brack War in total was two trillion, So I mean,

568
00:34:13,920 --> 00:34:15,759
Speaker 1: I know that's already being discussed a little bit, but

569
00:34:15,840 --> 00:34:18,520
Speaker 1: as the numbers took up, the discussion will continue. This

570
00:34:18,560 --> 00:34:21,279
Speaker 1: is such a great panel because you've got a Republican

571
00:34:21,320 --> 00:34:24,719
Speaker 1: and a Democrat who are actually talking facts and figures

572
00:34:24,760 --> 00:34:28,000
Speaker 1: and policy and not just the talking points. This is

573
00:34:28,040 --> 00:34:31,879
Speaker 1: my kind of show. Barada Shirley Market down. We gotta

574
00:34:31,960 --> 00:34:35,480
Speaker 1: have this panel because in these crazy times, I mean,

575
00:34:35,560 --> 00:34:38,800
Speaker 1: it's just yeah, you mentioned the market today, let's just

576
00:34:38,800 --> 00:34:41,879
Speaker 1: do a quick market check. Uh Tex shares rose after

577
00:34:41,920 --> 00:34:45,600
Speaker 1: Advanced micro Devices announced a thirty five billion dollar takeover

578
00:34:45,680 --> 00:34:48,840
Speaker 1: of another chip maker, helping to blunt concern about the

579
00:34:48,880 --> 00:34:52,880
Speaker 1: impact of growing coronavirus infections. Oil climbed. The tech strength

580
00:34:53,040 --> 00:34:56,360
Speaker 1: wasn't enough to be with the specks, which declined for

581
00:34:56,400 --> 00:34:59,760
Speaker 1: a second straight day, almost four stock spell for every

582
00:34:59,760 --> 00:35:03,280
Speaker 1: one that rose, with banks bearing the brunt of selling lester.

583
00:35:03,400 --> 00:35:08,680
Speaker 1: Earlier in the program, we had we had John Author's on,

584
00:35:08,719 --> 00:35:11,120
Speaker 1: who's a senior markets editor. He spent like twenty nine

585
00:35:11,200 --> 00:35:15,440
Speaker 1: years basically like almost my entire life at the Financial Times.

586
00:35:16,200 --> 00:35:19,399
Speaker 1: Uh and just was the I mean, I was kind

587
00:35:19,440 --> 00:35:22,520
Speaker 1: of a little bit speeking out, like the nerd in

588
00:35:22,560 --> 00:35:25,280
Speaker 1: me couldn't believe I was speaking to John Author's about

589
00:35:25,760 --> 00:35:29,000
Speaker 1: about the markets. But anyway, his whole point on Bloomberg

590
00:35:29,000 --> 00:35:33,080
Speaker 1: Opinion with with he calls it, I love this. Get

591
00:35:33,080 --> 00:35:37,400
Speaker 1: ready for a nerd joke. Covix nineteen Volatility is back.

592
00:35:37,800 --> 00:35:40,840
Speaker 1: Monday saw the Vixen next, which tracks how investors spend

593
00:35:41,239 --> 00:35:44,720
Speaker 1: to hedge against volatility and options markets jump above thirty

594
00:35:45,040 --> 00:35:47,400
Speaker 1: for the first time since the brief but violent correction

595
00:35:47,520 --> 00:35:51,200
Speaker 1: for the fang stocks in early September. I bring this up, Lester,

596
00:35:52,400 --> 00:35:56,560
Speaker 1: because we're talking about fiscal stimulus. Obviously we're a week

597
00:35:56,600 --> 00:36:03,040
Speaker 1: out from the election, and now you've got this virus

598
00:36:03,080 --> 00:36:06,719
Speaker 1: and the resurgence of it, and it's it's resurging. Not

599
00:36:06,880 --> 00:36:12,640
Speaker 1: just in the United States, folks, it's the hospital hospitalizations

600
00:36:13,239 --> 00:36:17,120
Speaker 1: are up just as dramatically in Europe, in liberal Europe

601
00:36:17,160 --> 00:36:20,640
Speaker 1: and conservative Europe, all over Europe and here in the

602
00:36:20,719 --> 00:36:25,440
Speaker 1: United States. So Leicester, this volatility is back with a boom,

603
00:36:25,480 --> 00:36:28,960
Speaker 1: and fiscal stimulus might be able to provide some certainty.

604
00:36:29,040 --> 00:36:36,120
Speaker 1: Does Washington understand that Yeah, great again, great question. As

605
00:36:36,239 --> 00:36:41,120
Speaker 1: as we've discussed, there's this expectation that this issue will

606
00:36:41,160 --> 00:36:43,319
Speaker 1: be sorted out in the lame duck. There's a good

607
00:36:43,360 --> 00:36:46,880
Speaker 1: right to believe that's true. We've seen, we've seen in

608
00:36:47,000 --> 00:36:51,040
Speaker 1: years past Congress and the President makes some tough decisions

609
00:36:51,040 --> 00:36:53,080
Speaker 1: in lame duck that they didn't necessarily want to make

610
00:36:53,440 --> 00:36:56,640
Speaker 1: during a campaign. So once the campaigns over, a lot

611
00:36:56,640 --> 00:37:01,080
Speaker 1: of and you can and you can do something, You're right.

612
00:37:01,160 --> 00:37:03,799
Speaker 1: The numbers are going up here and in Europe there's

613
00:37:03,800 --> 00:37:07,960
Speaker 1: a need. I think there's anything, and there's an expectation.

614
00:37:08,040 --> 00:37:10,040
Speaker 1: Let's leave it there. In return, I'm Kevin Sireli. This

615
00:37:10,040 --> 00:37:16,360
Speaker 1: is Bloomberg ninety nine one. You're listening to Bloomberg Sound

616
00:37:16,400 --> 00:37:20,399
Speaker 1: On with Kevin Surrel on Bloomberg and one oh five

617
00:37:20,440 --> 00:37:23,720
Speaker 1: point seven f M h D two. I'm Kevin Cirelli,

618
00:37:23,840 --> 00:37:26,680
Speaker 1: Chief Washington Correspondent, FRO Bloomberg Television and from Bloomberg Radio.

619
00:37:26,719 --> 00:37:31,200
Speaker 1: We're joined by the Congresswoman Abigail Spamburger. She is a

620
00:37:31,239 --> 00:37:38,000
Speaker 1: Democrat serving in UH Virginia's seventh congressional district. Richmond Folks

621
00:37:38,120 --> 00:37:42,120
Speaker 1: Uh flipped Dave Bratt's district, Remember him, Dave Bratt flipped it.

622
00:37:42,360 --> 00:37:45,359
Speaker 1: She got it. Now she's up against Nick Freda's free

623
00:37:45,400 --> 00:37:50,040
Speaker 1: toss the Republican challenger in that district Congress. When we

624
00:37:50,080 --> 00:37:52,520
Speaker 1: gotta talk policy. Thrilled to have you back on the program,

625
00:37:52,560 --> 00:37:54,960
Speaker 1: but I gotta ask you, what's been your what is

626
00:37:55,000 --> 00:38:00,040
Speaker 1: the best slash weirdest part of campaigning? Fredas set of

627
00:38:00,120 --> 00:38:03,120
Speaker 1: wrong Nick Fredus is the revoltan. What's been the best

628
00:38:03,280 --> 00:38:09,520
Speaker 1: part of campaigning? Are the most fun? Stop while you're

629
00:38:09,520 --> 00:38:13,520
Speaker 1: out on the trail, as they say, well, you know,

630
00:38:14,080 --> 00:38:17,920
Speaker 1: it's been a totally different campaign this year because of COVID,

631
00:38:18,080 --> 00:38:22,560
Speaker 1: because of the precautions. Typically, where I really love to

632
00:38:22,600 --> 00:38:25,680
Speaker 1: be campaigning is at events where people aren't expecting it

633
00:38:25,719 --> 00:38:29,280
Speaker 1: to be political, at parades and at fairs and places

634
00:38:29,280 --> 00:38:32,319
Speaker 1: where you just get to meet people, um outside of

635
00:38:32,520 --> 00:38:35,759
Speaker 1: a campaign event. And most of those events have have

636
00:38:35,880 --> 00:38:39,960
Speaker 1: been canceled this year. So I'll I'll say that we

637
00:38:40,080 --> 00:38:42,280
Speaker 1: you know what, we've done a variety of different events

638
00:38:42,920 --> 00:38:45,839
Speaker 1: in person, socially distanced with mass. I think one of

639
00:38:45,840 --> 00:38:50,160
Speaker 1: the the interesting parts about campaigning during a pandemic is

640
00:38:50,200 --> 00:38:52,960
Speaker 1: all the zoom events and round tables and discussions that

641
00:38:53,000 --> 00:38:55,720
Speaker 1: we've done and you get to peek into people's lives

642
00:38:55,800 --> 00:38:59,279
Speaker 1: and homes and uh, you know, I think that that

643
00:38:59,520 --> 00:39:04,879
Speaker 1: there's a a certain real departure from typical campaigning when

644
00:39:04,920 --> 00:39:08,239
Speaker 1: you get to see people's bookshelves and family portraits on

645
00:39:08,239 --> 00:39:12,960
Speaker 1: the wall, and also can be all yeah, you know,

646
00:39:13,600 --> 00:39:16,239
Speaker 1: I mean for me, I'm on all these zooms or

647
00:39:16,280 --> 00:39:18,239
Speaker 1: whatever they're calling, you know, and you're on all these

648
00:39:18,320 --> 00:39:21,360
Speaker 1: meetings all day long, the virtual Congress, and Abigail spandburgers

649
00:39:21,400 --> 00:39:24,320
Speaker 1: with us giving us a fascinating glimpse of a virtual campaign,

650
00:39:24,600 --> 00:39:27,320
Speaker 1: and you're you're like hooked. You're like, what are they reading?

651
00:39:27,440 --> 00:39:30,960
Speaker 1: Or who thought that framing that picture was a good idea?

652
00:39:31,400 --> 00:39:33,120
Speaker 1: You know what I mean? Like what were they wearing?

653
00:39:33,640 --> 00:39:37,200
Speaker 1: Because the reporter and just as all these questions about

654
00:39:37,239 --> 00:39:39,279
Speaker 1: their backdrop, and then you put the TV corpspot it

655
00:39:39,320 --> 00:39:41,000
Speaker 1: in me and like it. They don't have good lighting.

656
00:39:41,239 --> 00:39:43,400
Speaker 1: They don't have good lighting, they don't have Christine Barrata

657
00:39:43,760 --> 00:39:47,560
Speaker 1: telling them what to do. Congresswoman, You've also got three kids,

658
00:39:47,600 --> 00:39:50,399
Speaker 1: and I gotta be honest, you know, how's that are

659
00:39:50,400 --> 00:39:54,120
Speaker 1: they virtually learning? Yeah? So all three of my kids

660
00:39:54,560 --> 00:39:57,000
Speaker 1: got a first grader, fourth grader, and a seventh grader.

661
00:39:57,040 --> 00:40:01,040
Speaker 1: They're all in virtual school, um by the time, and

662
00:40:01,080 --> 00:40:05,399
Speaker 1: we're my kids are in school in Henrico County public schools,

663
00:40:05,480 --> 00:40:08,600
Speaker 1: and um, you know, they've done a tremendous job of adjusting.

664
00:40:08,800 --> 00:40:11,600
Speaker 1: The hats off to their teachers or who have just

665
00:40:11,640 --> 00:40:15,400
Speaker 1: been incredible and so um my my kids have adjusted

666
00:40:15,840 --> 00:40:17,800
Speaker 1: I think fairly well. Of course, you know, they missed

667
00:40:17,800 --> 00:40:21,600
Speaker 1: the normalcy of school and everything, but um, I've certainly

668
00:40:21,600 --> 00:40:24,880
Speaker 1: been just so impressed at how my children's teachers have

669
00:40:24,920 --> 00:40:29,640
Speaker 1: adapted and have made school engaging even in a virtual scenario.

670
00:40:29,840 --> 00:40:34,160
Speaker 1: This is so important because this, you know, for virtual learning.

671
00:40:34,320 --> 00:40:39,360
Speaker 1: It's just there's such a digital divide in this country

672
00:40:41,920 --> 00:40:44,799
Speaker 1: about that and you know, yeah, I mean, but tell

673
00:40:44,880 --> 00:40:48,280
Speaker 1: us about this and put it in the perspective, congresswoman

674
00:40:48,840 --> 00:40:52,000
Speaker 1: of kids trying to learn and virtual learning. Go ahead.

675
00:40:52,920 --> 00:40:56,960
Speaker 1: So I represent tenn counties through Central Virginia. We started

676
00:40:56,960 --> 00:40:58,680
Speaker 1: in Culpepper in the northern portion of the district and

677
00:40:58,719 --> 00:41:03,720
Speaker 1: stretched down to not Awake County. Um and I uh,

678
00:41:03,880 --> 00:41:06,880
Speaker 1: those ten counties in total have have made very distinct

679
00:41:06,880 --> 00:41:12,440
Speaker 1: decisions about how they handle the return to school because, um,

680
00:41:12,480 --> 00:41:15,320
Speaker 1: you know, in some of our counties a third of

681
00:41:15,400 --> 00:41:17,719
Speaker 1: kids don't have internet at home and it it is

682
00:41:17,800 --> 00:41:20,000
Speaker 1: literally because where they live in the county, there is

683
00:41:20,040 --> 00:41:22,640
Speaker 1: no ability to have internet in the home. Uh So

684
00:41:22,800 --> 00:41:25,600
Speaker 1: schools have been attempting to adapt UM. Some of the

685
00:41:25,600 --> 00:41:28,399
Speaker 1: school districts I represent have done hybrid versions where kids

686
00:41:28,400 --> 00:41:30,480
Speaker 1: are back a couple of days and at home off

687
00:41:30,480 --> 00:41:32,800
Speaker 1: for the remainder of the time, so that they can

688
00:41:32,800 --> 00:41:35,880
Speaker 1: come home with some drives loaded up with the information

689
00:41:35,880 --> 00:41:38,240
Speaker 1: that they're going to need UM. And it's it's pretty

690
00:41:38,239 --> 00:41:41,640
Speaker 1: extraordinary and so so difficult to the types of choices

691
00:41:41,680 --> 00:41:45,480
Speaker 1: administrators and educators are making because of the lack of

692
00:41:45,520 --> 00:41:48,960
Speaker 1: broadband infrastructure that exists in their community. Um, you know.

693
00:41:49,000 --> 00:41:52,879
Speaker 1: And this is not an issue of UM affordability, which

694
00:41:52,920 --> 00:41:56,640
Speaker 1: of course is a substantial issue of in many many places.

695
00:41:56,680 --> 00:41:59,080
Speaker 1: But this is not the type of uh you know

696
00:42:00,360 --> 00:42:03,160
Speaker 1: problem where it can be fixed with a WiFi hotspot,

697
00:42:03,239 --> 00:42:05,520
Speaker 1: because you know, many of the places in my district

698
00:42:05,600 --> 00:42:08,320
Speaker 1: that don't have access to broadband internet literally you cannot

699
00:42:08,360 --> 00:42:10,399
Speaker 1: have internet installed in your house, no matter how much

700
00:42:10,400 --> 00:42:12,839
Speaker 1: you want to pay for it also have typically pretty

701
00:42:12,880 --> 00:42:15,959
Speaker 1: poor cell service and so you know, we see kids

702
00:42:15,960 --> 00:42:19,960
Speaker 1: who going to McDonald's parking lots. Uh you know, schools

703
00:42:20,000 --> 00:42:22,759
Speaker 1: will have their WiFi open, so kids and families are

704
00:42:22,800 --> 00:42:25,799
Speaker 1: sitting in parking lots. Um. And particularly during the early

705
00:42:25,880 --> 00:42:28,960
Speaker 1: days of the pandemic, when public libraries were closed and

706
00:42:29,000 --> 00:42:31,800
Speaker 1: schools were closed, you know, all of these ways that

707
00:42:31,800 --> 00:42:35,879
Speaker 1: that kids and families and communities without access had adapted. Um,

708
00:42:36,000 --> 00:42:38,000
Speaker 1: we're just not open to them because you you can't

709
00:42:38,000 --> 00:42:42,160
Speaker 1: go to the McDonald's during a pandemic to do uh um,

710
00:42:42,480 --> 00:42:47,239
Speaker 1: to do your homework. So I mean, it's it's it's significant.

711
00:42:47,280 --> 00:42:49,320
Speaker 1: And this is why I mean, since I got to Congress,

712
00:42:50,080 --> 00:42:54,640
Speaker 1: issues of broadband connectivity, which is really just necessary infrastructure

713
00:42:55,160 --> 00:42:57,959
Speaker 1: um and and an important utility, the same way elect

714
00:42:58,000 --> 00:43:00,359
Speaker 1: city was you know a century ago, and we were

715
00:43:00,840 --> 00:43:04,399
Speaker 1: verging towards having connected communities and rural communities where there

716
00:43:04,440 --> 00:43:07,279
Speaker 1: just isn't a business interest to connect in the same

717
00:43:07,280 --> 00:43:09,360
Speaker 1: way that you do in the suburbs or more um,

718
00:43:09,680 --> 00:43:15,000
Speaker 1: densely populated communities. And it's but but the pandemic made

719
00:43:15,000 --> 00:43:17,160
Speaker 1: it so that you know, I'm getting asked about it

720
00:43:17,160 --> 00:43:19,640
Speaker 1: on Bloomberg Radio. Well, but it's so but it's so

721
00:43:19,680 --> 00:43:24,160
Speaker 1: incredibly But Congressman Spamburger Congressroman Abigail Spanenburger's with us. She is,

722
00:43:24,200 --> 00:43:27,400
Speaker 1: of course a Democrat from Virginia's seventh Congressional district, Richmond area.

723
00:43:27,800 --> 00:43:31,440
Speaker 1: And it's so incredibly, incredibly important my friends over at

724
00:43:31,520 --> 00:43:34,680
Speaker 1: DC scores. I mean just from there they do soccer

725
00:43:34,719 --> 00:43:38,600
Speaker 1: and youth literacy programs. I mean, just from their vantage

726
00:43:38,600 --> 00:43:41,399
Speaker 1: point of just kids not being able to play. I mean,

727
00:43:41,440 --> 00:43:43,440
Speaker 1: and just and you think about that and that they

728
00:43:43,440 --> 00:43:46,520
Speaker 1: don't have they don't have Internet. I mean, it's just

729
00:43:46,680 --> 00:43:48,799
Speaker 1: it's and it's something. And this is the last question

730
00:43:48,800 --> 00:43:50,520
Speaker 1: I have for you. We got two minutes yet left

731
00:43:50,520 --> 00:43:53,879
Speaker 1: and up against a hard heartbreak. But Congressman Spanberger, I mean,

732
00:43:53,920 --> 00:43:57,200
Speaker 1: it's something that rural communities and more and and city

733
00:43:57,239 --> 00:44:00,319
Speaker 1: communities have in common. So it's something may be that

734
00:44:00,360 --> 00:44:05,080
Speaker 1: there could be some some bipartisanship on. You would think,

735
00:44:05,120 --> 00:44:06,960
Speaker 1: in fact, we had a bill or we have a bill,

736
00:44:07,040 --> 00:44:10,399
Speaker 1: the Accessible Affordable Internet for All Acts, which gets right

737
00:44:10,440 --> 00:44:12,840
Speaker 1: at this issue, which is, you know, in rural communities,

738
00:44:12,840 --> 00:44:15,520
Speaker 1: the issue is you can't get Internet. It's just not there,

739
00:44:15,960 --> 00:44:19,240
Speaker 1: the fibers not not laid out, there's not a commercial

740
00:44:19,280 --> 00:44:22,759
Speaker 1: interest there. Um and in some areas there it may

741
00:44:22,760 --> 00:44:26,240
Speaker 1: be there, but the affordability becomes a question. UM. And

742
00:44:26,239 --> 00:44:28,240
Speaker 1: and so you know that has been a major focus

743
00:44:28,239 --> 00:44:30,759
Speaker 1: of mine. We introduced a bill over the summer. I'm

744
00:44:30,800 --> 00:44:34,400
Speaker 1: a part of the Rural Broadband task Force, UM. And

745
00:44:34,440 --> 00:44:37,120
Speaker 1: it passed through the House with our Larger Infrastructure Bill,

746
00:44:37,160 --> 00:44:39,680
Speaker 1: which you know, as long as the United States consenters

747
00:44:39,719 --> 00:44:43,000
Speaker 1: continues to have such poor ratings on our nation's infrastructure,

748
00:44:43,040 --> 00:44:45,520
Speaker 1: it's going to be vitally important that we aggressively pursue

749
00:44:45,520 --> 00:44:49,719
Speaker 1: that in the new Congress. UM. And what we did

750
00:44:49,800 --> 00:44:53,280
Speaker 1: was ensure that broadband infrastructure is part of the larger

751
00:44:53,320 --> 00:44:56,600
Speaker 1: infrastructure discussion that it passed as part of the bill

752
00:44:56,719 --> 00:44:59,959
Speaker 1: that we passed over the summer, which garnered bipartisans SUP.

753
00:45:00,120 --> 00:45:03,640
Speaker 1: But of course, UM did not move forward in the Senate.

754
00:45:04,719 --> 00:45:08,480
Speaker 1: It's just remarkable. It's just remarkable. All right, final, final

755
00:45:08,600 --> 00:45:12,120
Speaker 1: sixty seconds. What is what is Richmond most famous for?

756
00:45:12,239 --> 00:45:19,160
Speaker 1: Congresswoman Spamburger? Oh, goodness, UM, I would say our rainbow cookies.

757
00:45:20,239 --> 00:45:25,200
Speaker 1: Rainbow cookie I'm hungry anyway, I hope my consion disagree. UM.

758
00:45:25,239 --> 00:45:27,960
Speaker 1: If you grew up in the Richmond suburbs of Finracco

759
00:45:27,960 --> 00:45:31,799
Speaker 1: and Schutfield, which is uh in my district. Then you

760
00:45:31,800 --> 00:45:35,320
Speaker 1: would have threw half grown up on you crops Rainbow cookies,

761
00:45:35,320 --> 00:45:37,720
Speaker 1: which are just like they found. They are little cookies

762
00:45:37,760 --> 00:45:42,759
Speaker 1: that have rainbow colors. They are quite delicious, Kevin, They

763
00:45:42,760 --> 00:45:45,640
Speaker 1: are quite delicious. All right, Philly's got cheese steaks, Richmond's

764
00:45:45,640 --> 00:45:48,120
Speaker 1: got rainbow cookies. I love it. No, seriously, you think

765
00:45:48,120 --> 00:45:51,160
Speaker 1: of kidding? Tell the staff I want some rainbow cookies.

766
00:45:51,160 --> 00:45:54,840
Speaker 1: My many many thanks to Congressman Abigail Spamburger. That was

767
00:45:55,080 --> 00:45:57,640
Speaker 1: That was a fun one. Congressman. I appreciate I really

768
00:45:57,680 --> 00:46:00,840
Speaker 1: really appreciate your time today and diving into policy, folks.

769
00:46:00,880 --> 00:46:03,719
Speaker 1: We can still do it. We can still have a policy,

770
00:46:03,840 --> 00:46:10,120
Speaker 1: a substantial policy conversation, even a week out from election day.

771
00:46:10,200 --> 00:46:13,239
Speaker 1: And yes, also talk about some cookies. Cargo from an

772
00:46:13,239 --> 00:46:18,440
Speaker 1: Abigails Boomburger, a Democrat from Virginia's seven congressional district. Richmond

773
00:46:18,480 --> 00:46:22,040
Speaker 1: is beautiful this time of year. Download the download the

774
00:46:22,040 --> 00:46:24,760
Speaker 1: Bloomberg's Out On podcast on Apple it dudes a Bloomberg

775
00:46:24,840 --> 00:46:27,560
Speaker 1: dot Com, or by downloading the Bloomberg Business App. You

776
00:46:27,600 --> 00:46:30,399
Speaker 1: can also find me on radio dot com, I Heart

777
00:46:30,480 --> 00:46:33,719
Speaker 1: Radio and Spotify. My name is Kevin Silli. You're listening

778
00:46:33,760 --> 00:46:59,440
Speaker 1: to Bloomberg nine and nine one. This is Bloomberg Sound

779
00:46:59,560 --> 00:47:04,080
Speaker 1: On with Kevin Shirley on Bloomberg and one oh five

780
00:47:04,160 --> 00:47:07,760
Speaker 1: point seven m h D two. My name is Kevin SERELLI.

781
00:47:07,840 --> 00:47:10,840
Speaker 1: I'm the chief Washington correspondent for Bloomberg Television for Bloomberg

782
00:47:10,920 --> 00:47:13,919
Speaker 1: RADI help now, I want cookies for dinner. Corners Omen

783
00:47:13,960 --> 00:47:17,759
Speaker 1: Spamburger telling us about Richmond, the Rainbow cookies in Richmond. Yeah.

784
00:47:17,800 --> 00:47:21,840
Speaker 1: When I was a kid, my late great grandmother, Mama Marelda,

785
00:47:22,239 --> 00:47:25,200
Speaker 1: Italian side of the family, she would always bake me, uh,

786
00:47:25,440 --> 00:47:27,960
Speaker 1: Italian hard rock cookies. Any Italians out there, you know

787
00:47:28,000 --> 00:47:29,400
Speaker 1: what a hard rock cookie is. You know it's like

788
00:47:29,480 --> 00:47:32,680
Speaker 1: the size of the grapefruit, pound of butter, pound of sugar.

789
00:47:32,719 --> 00:47:35,239
Speaker 1: I'm exaggerating, and then they put this glaze on it.

790
00:47:35,400 --> 00:47:38,920
Speaker 1: She'd bake him for me every birthday. Italian hard rock

791
00:47:38,960 --> 00:47:44,320
Speaker 1: cookies my favorite, my favorite cookie. Um. Who's with me?

792
00:47:44,440 --> 00:47:47,719
Speaker 1: Lester monson Principal a Government relations from b GR Group.

793
00:47:47,840 --> 00:47:51,279
Speaker 1: Do you ever have an Italian hard rock? Lester? No,

794
00:47:51,680 --> 00:47:54,560
Speaker 1: I have, not my favorite with seven layer bars, but

795
00:47:54,719 --> 00:47:57,880
Speaker 1: my mom will make way back in the day, coconut peanut,

796
00:47:57,920 --> 00:48:00,840
Speaker 1: butter and chocolate, all kinds of good stuff. Yes, that

797
00:48:01,120 --> 00:48:04,880
Speaker 1: sounds amazing, Mark Poston Democratic Strategists. Do you ever have

798
00:48:04,880 --> 00:48:07,239
Speaker 1: an Italian hard rock or a seven layer cookie or

799
00:48:07,640 --> 00:48:13,680
Speaker 1: or or a rainbow cookie from Richmond? No, My my

800
00:48:13,760 --> 00:48:16,920
Speaker 1: grandmother used to make chocolate chip and peanut butter chip cookies,

801
00:48:17,000 --> 00:48:19,640
Speaker 1: and uh, those are all those were always the best

802
00:48:19,719 --> 00:48:22,520
Speaker 1: stracks from mid Left. Oh, that's what I want. All right. Now,

803
00:48:22,680 --> 00:48:26,000
Speaker 1: it's time now for what is on the Panel's radar?

804
00:48:26,040 --> 00:48:28,120
Speaker 1: It's my favorite part of the show. What is on

805
00:48:28,200 --> 00:48:31,239
Speaker 1: the panel's radar. Let's get focused, let's get reset, Let's

806
00:48:31,280 --> 00:48:34,640
Speaker 1: finish the race. There's only a week left. Lester Mundson,

807
00:48:34,920 --> 00:48:39,840
Speaker 1: what is on your radar? Kevin? I'm watching you know

808
00:48:40,200 --> 00:48:47,640
Speaker 1: a different international crises that are going on media. Azerbaijan, Uh,

809
00:48:47,840 --> 00:48:53,160
Speaker 1: the Egyptians and Ethiopia over this gird damn on the Nile.

810
00:48:53,760 --> 00:48:55,799
Speaker 1: There's a lot of other things going on in the world.

811
00:48:55,840 --> 00:48:58,160
Speaker 1: The world keeps spinning, and while we're all focused on

812
00:48:58,239 --> 00:49:02,960
Speaker 1: our political issue and campaigns, other folks are moving and

813
00:49:03,640 --> 00:49:06,680
Speaker 1: might be taken advantage of our interttention Alright, well, talk

814
00:49:06,719 --> 00:49:09,480
Speaker 1: to me about Azerbaijan, because there's been. The developments on

815
00:49:09,520 --> 00:49:12,520
Speaker 1: this front have changed virtually every day. Why should Americans

816
00:49:12,600 --> 00:49:16,759
Speaker 1: care lester months in about what's happening in Azerbaijan. Well,

817
00:49:16,840 --> 00:49:20,120
Speaker 1: it's a sensitive region. You know, these are countries basically

818
00:49:20,200 --> 00:49:24,799
Speaker 1: between Iran and Russia. It's been relatively peaceful for a while.

819
00:49:24,960 --> 00:49:28,560
Speaker 1: Now it's not so peaceful. The President has been making

820
00:49:28,640 --> 00:49:33,320
Speaker 1: comments on it on a fairly regular basis, while his

821
00:49:33,480 --> 00:49:36,719
Speaker 1: diplomats are out there trying to tamp down on things.

822
00:49:36,800 --> 00:49:39,640
Speaker 1: There was a ceasefire that URS did not have worked

823
00:49:39,719 --> 00:49:44,680
Speaker 1: very well. So anytime road nations like Iran and Russia

824
00:49:44,719 --> 00:49:47,279
Speaker 1: are directly involved in the conflict, we should be paying

825
00:49:47,280 --> 00:49:51,680
Speaker 1: attention precisely, precisely. So what should the policy be lesser?

826
00:49:51,760 --> 00:49:53,719
Speaker 1: I mean, what what does the US need to be

827
00:49:53,840 --> 00:49:58,840
Speaker 1: doing with Azerbaijan. I think the you know, the the

828
00:49:58,880 --> 00:50:03,759
Speaker 1: administration has been working hard. I think you need to

829
00:50:03,800 --> 00:50:06,840
Speaker 1: see better alignment between what the President is saying and

830
00:50:06,960 --> 00:50:08,920
Speaker 1: what his diplomats are saying. He tends to kind of

831
00:50:09,040 --> 00:50:10,759
Speaker 1: freelance a little bit and just get out there and

832
00:50:10,880 --> 00:50:13,960
Speaker 1: start shooting from the hip to make the crowds happy.

833
00:50:14,360 --> 00:50:18,560
Speaker 1: That's not necessarily helpful when it comes to complex diplomacy. Okay,

834
00:50:18,760 --> 00:50:20,600
Speaker 1: all right, So that's what's on your That's what's on

835
00:50:20,719 --> 00:50:26,480
Speaker 1: Lester's radar. Um, what is on your radar? Uh, it's

836
00:50:26,480 --> 00:50:28,520
Speaker 1: a good question. I think one of the things I've

837
00:50:28,560 --> 00:50:30,879
Speaker 1: been trying to track is there's a couple of news

838
00:50:30,960 --> 00:50:34,440
Speaker 1: reports back in it was April where the RNC was,

839
00:50:34,640 --> 00:50:38,600
Speaker 1: you know, doing its largest ever vote anti voter fraud effort,

840
00:50:38,640 --> 00:50:41,920
Speaker 1: and I say voter fraud and sort of quotations. You know,

841
00:50:41,960 --> 00:50:46,240
Speaker 1: they're spending millions of dollars recruiting and training their activists

842
00:50:46,280 --> 00:50:48,920
Speaker 1: to basically act as poll monitors, and they were targeting

843
00:50:48,920 --> 00:50:52,680
Speaker 1: about fifteen thousand UM folks across fifteen different key states,

844
00:50:52,840 --> 00:50:56,200
Speaker 1: and so you know their goal is to challenge ballots

845
00:50:56,840 --> 00:51:00,360
Speaker 1: um and basically just I mean in essence of clog

846
00:51:00,440 --> 00:51:02,480
Speaker 1: up the system on election day. And I think one

847
00:51:02,520 --> 00:51:04,480
Speaker 1: thing that I'm looking at, which i I'm not I

848
00:51:04,520 --> 00:51:06,480
Speaker 1: haven't seen a lot of coverage of, is you know,

849
00:51:06,640 --> 00:51:08,480
Speaker 1: if you have a lot of first time poll workers,

850
00:51:08,600 --> 00:51:11,759
Speaker 1: because historically poll workers tend to be older, and if

851
00:51:11,800 --> 00:51:14,160
Speaker 1: they don't want to come out due to COVID UM,

852
00:51:14,239 --> 00:51:16,400
Speaker 1: you're gonna have a lot of first time poll workers UM.

853
00:51:16,680 --> 00:51:19,600
Speaker 1: And then a bunch of progressive GOP activists who are

854
00:51:19,600 --> 00:51:21,799
Speaker 1: going to be challenging everything, and the first time poll

855
00:51:21,840 --> 00:51:25,480
Speaker 1: workers may not be you know, um uh, you know,

856
00:51:25,719 --> 00:51:28,200
Speaker 1: well acquainted with the rules. So I think that's something

857
00:51:28,320 --> 00:51:30,160
Speaker 1: that I think is going to be important to watch.

858
00:51:30,280 --> 00:51:32,960
Speaker 1: Especially it's gonna be like an open outside group. It's

859
00:51:32,960 --> 00:51:35,000
Speaker 1: gonna be like an open runway. You know. I've been

860
00:51:35,040 --> 00:51:37,920
Speaker 1: flying a little bit socially distant, you know, taking my

861
00:51:38,000 --> 00:51:40,960
Speaker 1: COVID test and what not here for the debates, and

862
00:51:41,480 --> 00:51:43,120
Speaker 1: it's like, no one's a t S. I mean, the

863
00:51:43,680 --> 00:51:45,200
Speaker 1: people who work at t S are there, but there's

864
00:51:45,200 --> 00:51:47,520
Speaker 1: no lines at the at the the c S A

865
00:51:47,640 --> 00:51:50,960
Speaker 1: lines because no, it's flying. I mean when this is

866
00:51:51,000 --> 00:51:52,840
Speaker 1: what's on my radar. And I think it kind of

867
00:51:53,160 --> 00:51:57,000
Speaker 1: piggybacks off of Marks a little bit Mark Niquette's Mark

868
00:51:57,040 --> 00:51:59,880
Speaker 1: post about but our my colleague, Mark Niquette writes on

869
00:52:00,000 --> 00:52:04,040
Speaker 1: the terminal, Americans have already cast half the total votes

870
00:52:04,160 --> 00:52:08,279
Speaker 1: counted in sixteen as voters show intense enthusiasm and take

871
00:52:08,320 --> 00:52:12,840
Speaker 1: precautions against the coronavirus pandemics. With seven days left to

872
00:52:12,920 --> 00:52:17,720
Speaker 1: go until election day, sixty nine point five million early

873
00:52:17,880 --> 00:52:21,720
Speaker 1: votes have been cast as of Tuesday afternoon, fifty point

874
00:52:21,800 --> 00:52:25,840
Speaker 1: four percent of the total turnout from two thousand and sixteen.

875
00:52:25,960 --> 00:52:29,560
Speaker 1: This is according to the US Elections Project, which tracks

876
00:52:29,640 --> 00:52:33,040
Speaker 1: early voting that includes a forty six point three million

877
00:52:33,480 --> 00:52:36,479
Speaker 1: votes cast by mail in ballots and twenty three point

878
00:52:36,560 --> 00:52:40,080
Speaker 1: one million in person votes. There were forty seven point

879
00:52:40,160 --> 00:52:44,879
Speaker 1: two million early votes cast in all the I don't

880
00:52:44,880 --> 00:52:48,520
Speaker 1: know to say this, six seventy million, seventy million people

881
00:52:48,560 --> 00:52:52,759
Speaker 1: have already voted in this election. That's half half of

882
00:52:52,880 --> 00:52:57,719
Speaker 1: what the total turnout was last cycle. It's this is

883
00:52:57,800 --> 00:53:00,400
Speaker 1: where I think we've got to really pay a tension.

884
00:53:00,719 --> 00:53:05,120
Speaker 1: The states with the highest percentage of its total vote

885
00:53:05,120 --> 00:53:13,960
Speaker 1: already cast so far our Texas, Montana, and North Carolina. WOW. Nationwide,

886
00:53:14,040 --> 00:53:16,719
Speaker 1: voters will not only be sent an unprecedented number of

887
00:53:16,760 --> 00:53:20,640
Speaker 1: mail ballots, they are returning them sooner than in past elections.

888
00:53:20,920 --> 00:53:24,520
Speaker 1: This according to a top University of Florida professor Michael McDonald,

889
00:53:24,520 --> 00:53:29,719
Speaker 1: who runs the Elections Project UH this is remarkable. Of

890
00:53:29,840 --> 00:53:33,400
Speaker 1: the more than thirty three million ballots already cast in

891
00:53:33,560 --> 00:53:39,360
Speaker 1: states that report party registration, Democrats account for forty eight percent,

892
00:53:40,000 --> 00:53:47,560
Speaker 1: Republicans WOW, and those with no party affiliation in the

893
00:53:47,640 --> 00:53:51,880
Speaker 1: battleground state of Pennsylvania, which has the highest odds of

894
00:53:51,960 --> 00:53:54,680
Speaker 1: any state of being the tipping point in the election.

895
00:53:55,960 --> 00:54:00,759
Speaker 1: One point eight five million of the more than three

896
00:54:00,840 --> 00:54:03,799
Speaker 1: million and mail and ballots requested have been have been

897
00:54:03,880 --> 00:54:09,640
Speaker 1: returned so far, with Democrats accounting for sixty and Republicans.

898
00:54:11,239 --> 00:54:15,880
Speaker 1: We knew, We knew the Democrats were more likely to

899
00:54:16,080 --> 00:54:20,680
Speaker 1: return their ballots via mail. The question is, folks, this

900
00:54:20,840 --> 00:54:25,680
Speaker 1: is the question. Will those individuals are their new voters

901
00:54:26,200 --> 00:54:31,439
Speaker 1: in this dynamic, in this equation or did they already vote?

902
00:54:32,600 --> 00:54:35,400
Speaker 1: Was the Biden coalition able to draw in new voters

903
00:54:35,840 --> 00:54:39,640
Speaker 1: first time voters, get people to show up who didn't

904
00:54:39,640 --> 00:54:42,600
Speaker 1: show up last time. That's what we don't know, and

905
00:54:42,719 --> 00:54:45,840
Speaker 1: that's why you're seeing President Trump hold three rallies, No

906
00:54:46,040 --> 00:54:50,480
Speaker 1: one not to three rallies in the battleground state of Pennsylvania,

907
00:54:50,600 --> 00:54:53,600
Speaker 1: state he carried in two thousand and sixteen, the first

908
00:54:53,600 --> 00:54:59,759
Speaker 1: Republican to do so at the presidential levels nineteen nine eight.

909
00:55:00,000 --> 00:55:02,680
Speaker 1: It's so mail and mail and voting very much on

910
00:55:03,320 --> 00:55:06,080
Speaker 1: not just my radar, but the panel's radar as well.

911
00:55:06,160 --> 00:55:10,680
Speaker 1: Mark posted about Democratic strategist Senior Vice president at Rock Solution.

912
00:55:10,800 --> 00:55:13,800
Speaker 1: Of course, the former National Press Secretary of the d

913
00:55:13,960 --> 00:55:18,920
Speaker 1: n C during the presidential campaign. Mark, any parting words

914
00:55:19,000 --> 00:55:23,400
Speaker 1: on that in the minute that I have left with you. Yeah. Seconds.

915
00:55:24,560 --> 00:55:26,640
Speaker 1: I think it's going to be very very interesting. Um

916
00:55:26,960 --> 00:55:28,920
Speaker 1: In at the end of the day. Um, we'll see

917
00:55:28,960 --> 00:55:32,520
Speaker 1: whether the strategy from Vice President Biden, Um, you know,

918
00:55:32,760 --> 00:55:36,200
Speaker 1: to hold more uh sort of zoom and remote events

919
00:55:36,360 --> 00:55:40,080
Speaker 1: versus President Trump showing up in person, whether that will

920
00:55:40,560 --> 00:55:43,160
Speaker 1: you know, change anything, whether that will be the decisive factor.

921
00:55:43,719 --> 00:55:45,680
Speaker 1: All right, Mark, go out there and get yourself a

922
00:55:45,760 --> 00:55:48,320
Speaker 1: seven layer cookie. You two less than months in principle

923
00:55:48,400 --> 00:55:52,120
Speaker 1: of government relations firm b GR Group. Download the Bloomberg

924
00:55:52,160 --> 00:55:54,560
Speaker 1: Sound On podcast on Appalachians and Bloomberg dot com by

925
00:55:54,600 --> 00:55:56,880
Speaker 1: downloading the Bloomberg Business app. You can also find me

926
00:55:57,360 --> 00:56:00,440
Speaker 1: on radio dot com, I Heart Radio and Hodify. My

927
00:56:00,520 --> 00:56:03,480
Speaker 1: thanks to Congresswoman Abigails Bamburger. Of course to John Author

928
00:56:03,520 --> 00:56:06,160
Speaker 1: and Jordan Fabian at the top of the show. My

929
00:56:06,280 --> 00:56:08,880
Speaker 1: name is Kevin CURRELLI I'm the chief Washington correspondent fro

930
00:56:08,880 --> 00:56:11,200
Speaker 1: Bloomberg Television and from Bloomberg Radio. I will catch you

931
00:56:11,320 --> 00:56:14,360
Speaker 1: tomorrow on Bloomberg Surveillance. You're listening to Bloomberg,