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Speaker 1: Why from our nations, 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? From the United States relationship with China.

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

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

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

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

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

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

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Speaker 1: fm h D two. President Trump looks to reset his campaign.

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Speaker 1: Plus US cases rise one point eight percent, matching past

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Speaker 1: week's average. Is good news on the horizon as Florida

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Speaker 1: COVID nineteen positivity sores hurting Governor de santiss case. We'll

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Speaker 1: give you the latest and my exclusive interview with Dr

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Speaker 1: Deborah Burke's of the administration. You don't want to miss that.

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Speaker 1: Plus will check in with Mark Short from the Vice

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Speaker 1: President Mike Pence office as well. Lots to get through,

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Speaker 1: and we've had a busy, busy, busy day here on

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Speaker 1: the Bloomberg Radio sound on Team Barada, Shirley McDevitt. We're

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Speaker 1: all working hard. We coul did, but we did like

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Speaker 1: nine interviews in two hours with administration officials and we're

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Speaker 1: gonna roll them out over the course of the week.

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Speaker 1: Some big names, folks, you know. We got two, like

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Speaker 1: two Cabinet secretaries, Javida Kranza of the Small Business Administration,

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Speaker 1: you know. Exclusive, So we're gonna we're gonna roll them

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Speaker 1: out for you. And I want to begin tonight with

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Speaker 1: someone who has been at the eye of the storm

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Speaker 1: for decades, dating back to the HIV eight pandemic. You know,

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Speaker 1: here's someone who has served in Republican and Democratic administrations.

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Speaker 1: Her name is Dr Deborah Brooks. Get this. Actually she

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Speaker 1: grew up in Delaware County, Pennsylvania, Delco. Where I grew up.

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Speaker 1: And I want to begin tonight with her interview because

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Speaker 1: we've seen the uptick in cases and one of the

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Speaker 1: things that the administration is trying to do is work

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Speaker 1: with Congress about how do reopen the schools. So we

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Speaker 1: touched on a lot of these different themes and let's

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Speaker 1: just roll the tape. Here's Dr Deborah Brooks. Here she

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Speaker 1: is Dr Brooks. Thanks so much for joining us. I

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Speaker 1: want to ask you, there's been this uptick in cases

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Speaker 1: and what is the administration doing in order to get

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Speaker 1: these cases back down? Yeah? Thank you. That's a really

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Speaker 1: terrific question, because the current uptick in places that now

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Speaker 1: extends really from Washington State through Oregon into California, across Arizona,

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Speaker 1: New Mexico, and then of course Mississippi, Alabama, Florida, Texas,

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Speaker 1: UM is really a very critical outbreak that needs to

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Speaker 1: be contained. And I think collectively I was just out

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Speaker 1: in the field going to Texas, Arizona and New Mexico

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Speaker 1: and Florida and really getting it on the ground, report

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Speaker 1: and experience to understand how we can be even more supportive.

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Speaker 1: I think we're supporting their testing, and we're supporting in

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Speaker 1: pas human capacity at their hospitals. But I want to

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Speaker 1: really applaud the governors have taken decisive action to really

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Speaker 1: mandate masks, increase social distancing, clothes bars, ensure that UM

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Speaker 1: if you can't social distance, and an indoor restaurant, really

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Speaker 1: decreasing that capacity of indoor restaurants, moving dining outside and

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Speaker 1: really talking to the people in their metro areas and

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Speaker 1: their counties and what each individual needs to do. We

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Speaker 1: all need to do all of these things. We also

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Speaker 1: have to make sure that we're not bringing that virus

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Speaker 1: into our households by having parties then inside the houses.

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Speaker 1: So I think there's a lot we can do as

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Speaker 1: individual Americans, but there's a lot we can do at

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Speaker 1: the state and local and federal level to support that

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Speaker 1: response and change the course of this really this pandemic

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Speaker 1: across the South, but also now up the West coast

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Speaker 1: and Dr Brooks, I mean, some of the numbers, it's

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Speaker 1: astounding to see how young people. Young people are are

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Speaker 1: really seeing a lot of the up taking cases and

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Speaker 1: they're making some poor decisions, are going to bars, they're

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Speaker 1: going to you know, we all see the images on

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Speaker 1: the news. How do we prevent young people from getting

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Speaker 1: these infections? I think there's two pieces of that want

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Speaker 1: us to be very honest with them and to tell

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Speaker 1: them that there's a spectrum of disease and young people

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Speaker 1: that truly they will know people who are test positive

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Speaker 1: that have no symptoms. They will know people with mild

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Speaker 1: sick for two weeks, and they need to know that

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Speaker 1: there's also young Americans who are in the hospitals right

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Speaker 1: now suffering from very severe disease. And so there is

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Speaker 1: a spectrum. I think when they saw that a lot

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Speaker 1: of their friends had mild disease and then they saw

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Speaker 1: in social media that people were having a great time together,

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Speaker 1: you know, they wanted to have a great time together too,

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Speaker 1: And it's now on all of us to really change

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Speaker 1: those messages to really resonate with our millennials and gencs

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Speaker 1: so that they understand the ask those decisions make not

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Speaker 1: only to them potentially getting infected, but their parents getting

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Speaker 1: infected and critically their their grandparents who maybe in their

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Speaker 1: eighties getting infected, all which we know have a very

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Speaker 1: severe course. And so I think translating that message into

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Speaker 1: something that people not only here but act on is

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Speaker 1: really critical. Sometimes in public help, we just keep saying

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Speaker 1: the same thing over and over again and think that

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Speaker 1: you know, eventually it will resonate. No people turn off,

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Speaker 1: So we really have to make messages much more tailored

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Speaker 1: to very specific age groups so that they only can

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Speaker 1: hear the message, but internalize it and then change their

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Speaker 1: behavior to really protect themselves there they're friends who may

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Speaker 1: have pre existing condition and protecting others by really being

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Speaker 1: in masks all the time. We can get through this

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Speaker 1: until we have a vaccine if we all do our part.

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Speaker 1: Dr Burkes, You've been so generous with your time, And

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Speaker 1: I want to talk about another portion of this that

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Speaker 1: quite frankly, I don't think economists are talking enough about,

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Speaker 1: and that is from an economic perspective. A lot of

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Speaker 1: parents have children who are potentially going back to school

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Speaker 1: in the fall, or they're unsure if kids are going

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Speaker 1: to be going back to school, Dr Burke's in the fall.

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Speaker 1: So number one, how should schools be preparing for the

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Speaker 1: potential reopening of schools? And secondly, just as important, what

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Speaker 1: is the government doing in order to make sure that

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Speaker 1: the classrooms are safe and clean and healthy for these kids. Well,

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Speaker 1: I think you've raised a critical point. There is health,

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Speaker 1: and there's COVID, and there's actually health of our children,

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Speaker 1: and then there's the economic um parts. So there's really

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Speaker 1: three parts. And I think if we put the child

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Speaker 1: American child, what experiences do they need? And when we

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Speaker 1: come to the conclusion that they need to be in school,

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Speaker 1: then we need to really figure out how to make

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Speaker 1: that a safe environment. I know many jurisdictions have worked

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Speaker 1: on this. I think we also have to make sure

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Speaker 1: that we have a way for teachers and administrators to

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Speaker 1: be safe. And we need to have a way that

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Speaker 1: households can be safe, um if they're multigenerational households, because

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Speaker 1: we know children will come intacted just like we have

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Speaker 1: eighteen year olds and twenty two year olds in fact,

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Speaker 1: and may not show symptoms. And so these are we

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Speaker 1: have to bring in testing into the schools as well

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Speaker 1: as you describe creating a healthy environment and really working

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Speaker 1: together at the state and local level and the federal

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Speaker 1: level to learn from each other of how we were

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Speaker 1: putting the child at the center and meeting their needs,

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Speaker 1: were able to create that safe environment for both the families,

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Speaker 1: the teachers and the children. It really is just so

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Speaker 1: many different questions and that's and that's where it comes

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Speaker 1: from from the elementary you know, K through twelve perspective

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Speaker 1: and you know I come from a family of teachers.

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Speaker 1: But then there's the higher ed perspective Dr Brooks Colleges

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Speaker 1: and universities, and you've got kids going out of state

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Speaker 1: and state I mean, what what should higher education UH

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Speaker 1: institutions were doing well? In a way, I think it's

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Speaker 1: a little bit easier for higher educational institutions and the

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Speaker 1: older children in K through twelve because on the on

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Speaker 1: the White House website about four weeks ago, we really

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Speaker 1: put up a document of how you can do routine

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Speaker 1: surveillance testing by pooling sample. So let's say you have

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Speaker 1: a dormitory of three hundred people, they could be tested

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Speaker 1: weekly with thirty tests um and that is easy to do.

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Speaker 1: And within each of these universities they have a depth

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Speaker 1: of testing capacity that has not been utilized. And so

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Speaker 1: we've been talking to university presidents and and deans about

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Speaker 1: how to turn on their research testing capacity to routinely

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Speaker 1: screen there on student body. And I think that is

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Speaker 1: very possible. And then how we take that into K

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Speaker 1: through twelve that needed when you see virus circulating in

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Speaker 1: the community, how you get in there and do what

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Speaker 1: we call surveillance it's testing in school, and that it

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Speaker 1: can be done classroom by classroom. There's a lot of

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Speaker 1: advice about how to keep students in um specific cohorted classrooms,

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Speaker 1: and so if there's only infection in that particular cohort.

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Speaker 1: They may have to quarantine for two weeks, but the

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Speaker 1: rest of the school can continue to go. We know

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Speaker 1: how to do this. We have a science and we

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Speaker 1: have the technology. We need the will to bring this

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Speaker 1: type of innovative testing to our k through twelves and

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Speaker 1: to our universities and colleges. Dr Deborrah Burks is on

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Speaker 1: the line, and of course she is one of the

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Speaker 1: top diplomats and America physicians who is really driving behind

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Speaker 1: the scenes as well as sometimes publicly, the the White

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Speaker 1: House coronavirus response. And you have deep experience with this

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Speaker 1: because of your experience and how the United States handled

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Speaker 1: HIV and AIDS. When we do get a vaccine, you

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Speaker 1: know when, not if when? How is the administration preparing

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Speaker 1: so that everyone can get one and that there's no

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Speaker 1: socioeconomic dispars questions that come into account, but that everyone

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Speaker 1: that it's equal distribution. How are we preparing for the vaccine?

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Speaker 1: I think the evidence of what this administration has done

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Speaker 1: for making testing free, for making care when it wasn't

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Speaker 1: affordable and people didn't have insurance UM free UM so

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Speaker 1: that everybody can get what they need to protect themselves

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Speaker 1: about the virus. I'm sure similar will happen with vaccination.

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Speaker 1: Just a couple of comments on vaccination. So there are

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Speaker 1: vaccines that do what we call sterilizing immunity. It prevents

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Speaker 1: you from getting infected. That's a more rare vaccine. Most

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Speaker 1: vaccines prevent you from getting disease. And what do I

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Speaker 1: mean by that? You could get a low grade infection, asymptomatic,

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Speaker 1: last thirty six forty eight hours, you clear the virus,

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Speaker 1: you're fine, and so many of these vaccines may work

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Speaker 1: in that way. And so then we have to really

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Speaker 1: make sure that with the first available vaccine that we're

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Speaker 1: immunizing the cohort and the cohorts most susceptible to severe disease,

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Speaker 1: and we know who those are. We know particularly long

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Speaker 1: term care facilities, nursing home, people in close settings like prisons.

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Speaker 1: Of course it would all be voluntary, but we want

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Speaker 1: to make sure a vaccine go to the most needed.

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Speaker 1: CDC is working on a generalized distribution plan that gets

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Speaker 1: because they're used to doing it for fluid, to get

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Speaker 1: it to all across America. But I think Americans would

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Speaker 1: understand that we need to prioritize the groups that could

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Speaker 1: have the most severe illness first and then work our

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Speaker 1: way through the rest of the United States to make

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Speaker 1: sure that everyone has access. That was Dr Deborah Burkes

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Speaker 1: of the administration, and of course she has been on

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Speaker 1: the Corona Virus Task Force and really a leading voice

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Speaker 1: on all of these issues across Republican and Democratic administrations,

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Speaker 1: uh ever, dating back as far back as the HIV

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Speaker 1: AIDS crisis, and so you know, we were very grateful

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Speaker 1: to have her time earlier today. I'm Kevin Seilli, Chief

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Speaker 1: Washington correspondent for Bloomberg Television and from Bloomberg Radio, and

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Speaker 1: over the course of the next week, we're gonna be

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Speaker 1: rolling out some of these interviews that we did with

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Speaker 1: top administration officials, including Javita Corenza, as well as Secretary

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Speaker 1: of Energy Broulette, uh Secretary of Health asar Um and

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Speaker 1: and some other folks as well. I want to pivot

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Speaker 1: now to the economic stimulus because Senate Majority Leader Mitch

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Speaker 1: deal before the August recess. Did you see that he

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Speaker 1: wants to get a deal before the August recess? And

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Speaker 1: President Trump has signaled that he's on board with this.

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Speaker 1: So I put all of these questions, you know, what

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Speaker 1: does it mean for the economy? Is this something that

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Speaker 1: really is going to happen? I put these questions to

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Speaker 1: someone who has been really in on the negotiations, and

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Speaker 1: that's Vice President Mike Pence's chiefest staff, Mark Short. So

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Speaker 1: I want to play for you now this interview that

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Speaker 1: I did with are Short, and we've had on before,

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Speaker 1: but but now staring down the brink of another set

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Speaker 1: of negotiations, contentious negotiations between Republicans and Democrats, as we

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Speaker 1: head in the next round of economic stimulus, let's roll

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Speaker 1: the tape. Here's Mark Short. All right. So here we

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Speaker 1: are Mark. We're dealing with an uptick in cases and

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Speaker 1: there's a lot of questions about how to best control this.

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Speaker 1: Top economic officials have said as part of the administration

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Speaker 1: that closing down the economy again is just not on

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Speaker 1: the table. So how do we get this virus under control? Well,

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Speaker 1: closing down the economy is certainly not UH an option

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Speaker 1: that's on the table. When the United States asked Americans

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Speaker 1: to UH sacrifice for forty five days to slow the spread,

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Speaker 1: people made enormous sacrifices that gave us the time and

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Speaker 1: preparation to build supply some across the globe, to make

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Speaker 1: sure that our hostels are better prepared and to developed

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Speaker 1: better therapeutics. And today at this point, um doctors far

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Speaker 1: no far better how to treat patients. And what we're

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Speaker 1: seeing in many cases is an ability to to better

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Speaker 1: protect those that are most vulnerable, whether it's those who

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Speaker 1: have come more abilities or or those that are elderly

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Speaker 1: in age. And so what we're seeing now is a

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Speaker 1: is arising cases among younger populations twenty five to forty

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Speaker 1: four years old. In some cases, um as, our health

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Speaker 1: experts will tell you from decisions that they've made that

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Speaker 1: are unwise about not taking the virus seriously. But in

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Speaker 1: other cases it's it's basically people getting back to work

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Speaker 1: and in some cases employers mandating that all employees get tested.

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Speaker 1: And you're finding people who are asymptomatic, which is good

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Speaker 1: to find so you can isolate them. But but we

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Speaker 1: are better able to treat patients. There's better a capacity

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Speaker 1: within our hospitals in these areas now and UH and

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Speaker 1: going back to to shut down is not an option.

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Speaker 1: We can do both. We can make sure that America

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Speaker 1: stays open and stays healthy. And I think that one

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Speaker 1: things we've learned through this, Kevin, is there's also enormous

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Speaker 1: health consequence to shutting down the economy, whether or not

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Speaker 1: that's a fund ancial pain or whether or not that's

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Speaker 1: the psychological pain for many people. Mark, you know, we're

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Speaker 1: heading into Phase four talks later this month. What are

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Speaker 1: some of the priorities for Phase four? Well, I think

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Speaker 1: what you're seeing, Kevin, is that over the last couple

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Speaker 1: of months, uh seven and a half million jobs that

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Speaker 1: have returned. At the at the nature of this epidemic,

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Speaker 1: we've lost a little over twenty million jobs, so a

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Speaker 1: third of the way back, and that means we have

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Speaker 1: we still have a significant way to go, but we're

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Speaker 1: but the strength of the last two months certainly surpassed expectations,

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Speaker 1: and we believe that you can continue to see that

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Speaker 1: momentum in the next month as well. I think we

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Speaker 1: want to make sure that um that people that are

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Speaker 1: that are still unemployed and hurting or protected, But at

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Speaker 1: the same time, UM, we want to we want to

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Speaker 1: take into consideration of fact the economy is bouncing back,

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Speaker 1: and once you try to contain the amount of spending.

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Speaker 1: I think that you've seen a price tag of about

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Speaker 1: a trillion dollars or less. There's obviously been a lot

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Speaker 1: of stimulus put in the system over the last couple

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Speaker 1: of bills, and so the price tag for us would

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Speaker 1: be that. And I think where the priorities for us

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Speaker 1: is liability protection. We think that's essential for employers bring

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Speaker 1: people back to work, and just quickly the sid of

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Speaker 1: Majority Leader Mitch McConnell says another round of stimulus ahead

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Speaker 1: of August is at the time table that the White

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Speaker 1: House is working on. It is the timetable the August

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Speaker 1: recess for Congress should be the first week in August,

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Speaker 1: and so by that timetables and we want to have

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Speaker 1: a bill on the present desk. You know, something that

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Speaker 1: is just as important to the economy and for folks

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Speaker 1: getting back to work is if their kids can go

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Speaker 1: to school. And this is something that I don't think

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Speaker 1: economists have talked a lot about publicly, but increasingly they

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Speaker 1: are doing. So. Where does school and getting kids back

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Speaker 1: to school in the fall, based upon the data of

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Speaker 1: the virus all over the country? Mark, how does that

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Speaker 1: factor in? And what is the administration doing in order

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Speaker 1: to work with schools across the country. Kevin, is a

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Speaker 1: great question. You're exactly right. I think there's not been

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Speaker 1: enough attention paid to that to this point. Today the

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Speaker 1: white Out is devoting almost an entire day to exactly

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Speaker 1: that question. The Vice presid will be leading a call

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Speaker 1: with all the nation's governors this morning to talk about

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Speaker 1: the importance of making sure schools are reopened in the fall. Additionally,

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Speaker 1: there'll be a summit here at the White House throughout

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Speaker 1: the afternoon that will culminate with the President Vice President

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Speaker 1: giving remarks. But recently, the American Academy of Pediatrics came

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Speaker 1: out with a study that said it's essential that children

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Speaker 1: need to get back in the classroom because developmentally they'll

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Speaker 1: fall behind. But as you mentioned, it's also and critically

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Speaker 1: important that if parents his kids are not able to

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Speaker 1: go to school, and parents are home with their kids,

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Speaker 1: they're not able to get back to work. And that's

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Speaker 1: that's a big challenge for our economy too. And so

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Speaker 1: what we found is all the evidence says that that

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Speaker 1: actually the coronavirus is less of a health risk to

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Speaker 1: people under twenty five years old than the average flu is. Conversely,

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Speaker 1: it is a greater risk that people at older populations,

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Speaker 1: but for children, it is a very very low risk

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Speaker 1: and it's something that we should be making sure that

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Speaker 1: our children back in school across the country this fall.

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Speaker 1: All right, final question for you because you mentioned therapeutics,

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Speaker 1: and I want to ask you about hydroxychloroquine because there

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Speaker 1: seems to be this this new uh interest from from

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Speaker 1: President Trump about hydroxychloroquine uh and and f d A.

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Speaker 1: Talk to me about how the f d A is

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Speaker 1: streamlining regulations, are really cutting through regulations in order to

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Speaker 1: get some of these therapeutics more quickly, uh and and

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Speaker 1: what the administration is doing on the therapeutic front. Well.

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Speaker 1: Dr Hahn has done a phenomenal job as head of

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Speaker 1: the FDA and helping to streamline and cut through some

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Speaker 1: of the red tape in there right now, UM more

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Speaker 1: than a hundred and forty products in the pipeline that

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Speaker 1: we should anticipate may and getting approved before the end

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Speaker 1: of this year, and you've seen many already actually come online.

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Speaker 1: I think the most promising candidly in trials that we've

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Speaker 1: seen as blood plasma. And it's one of the reasons

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Speaker 1: that those who have been infected and recovered from the coronavirus.

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Speaker 1: We really asked them to go donate blood because having

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Speaker 1: that that in the in the supply by is really

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Speaker 1: one of the best treatments for patients that are currently

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Speaker 1: suffering from the pandemic. That was my interview with Mark

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Speaker 1: Short he is the Vice President's chief of STAP, Vice

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Speaker 1: President Mike Pence chief of staff, And like I said,

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Speaker 1: throughout the week, we're gonna have more interviews, my interviews

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Speaker 1: with Javita Kranza of the Small Business Administration, Secretary of

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Speaker 1: Health as our Secretary of Energy Broulette. You know, we

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Speaker 1: got those big energy court cases sending shock waves through

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Speaker 1: the energy market, so we'll talk we'll talk about that,

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Speaker 1: so you know, it's policy, folks, policy. And I just

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Speaker 1: received word from Matt Shirley on the Bloomberg Radio sound

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Speaker 1: On team that we're gonna hear from Senator Chris Van Holland,

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Speaker 1: Democrat from Maryland, UH tomorrow as well, so you'll hear

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Speaker 1: from both sides. And coming up on the program, we

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Speaker 1: dive head first, head first into with our with our

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Speaker 1: all star political panel and gradiv Ad Susseran interviewed President

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Speaker 1: Trump today, a way do you hear what Greta asked

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Speaker 1: President Trump about TikTok, TikTok, whether TikTok should be man,

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Speaker 1: I'll talk about that, um. And just to dive into

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Speaker 1: the Bloomberg terminal for a second, U S stocks halted

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Speaker 1: a five day rally, and the NASDAC backed off another

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Speaker 1: intra day high on renewed concerns over the epidemics economic impact.

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Speaker 1: Airline and hotel shares got hammered. Treasuries rose, taking ten

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Speaker 1: ure yields down more than three bps under point six.

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Speaker 1: The dollar mostly strengthened against its gtaion counterparts, though the

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Speaker 1: pound out performed. Oil dipped and gold advanced. Uh. And

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Speaker 1: that's where we stand. That's where we stand. In President

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Speaker 1: Bolsonaro did this is really on my radar. It's kind

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Speaker 1: of you know, all over the map a little bit.

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Speaker 1: But President bolson Naro of Brazil he tested positive for

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Speaker 1: COPE mid nineteen. But he says he's perfectly well wow wow, folks.

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Speaker 1: Uh more, next, keeping locked right here, I'm Kevin's really

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

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Speaker 1: And you're listening to Bloomberg. This is Bloomberg Sound On

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Speaker 1: with Kevin Surreley on Bloomberg and one oh five point

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Speaker 1: seven f M HD two. I'm Kevin Surreally, Chief Washington

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Speaker 1: correspondent for Bloomberg TV and Bloomberg Radio. And again, folks,

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Speaker 1: we're gonna be rolling out my interviews with all the

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Speaker 1: administration officials scattered throughout the week. We're gonna have Secretary Aisar,

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Speaker 1: Secretary Broulette, Small Business Administrations, Javita Coranza talking all things

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Speaker 1: policy and politics. And I just got an email from

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Speaker 1: my friend Tammy. It's the transcript of my other friend

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Speaker 1: Greta van Susterrin's interview that she did today with President

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Speaker 1: Trump and the transtip is quite remarkable and they covered

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Speaker 1: a lot of different topics. We're trying to get Gretta

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Speaker 1: on tomorrow if she's got the time for it. But

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Speaker 1: um uh. They were asked about TikTok. Do you hear

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Speaker 1: about this app? All the kids are using, the youths,

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Speaker 1: they're using this app called TikTok where I guess they

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Speaker 1: like dance. I don't really understand it. You know, it

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Speaker 1: pops up in my Instagram feed, but like I don't

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Speaker 1: I I truthfully, I don't understand it, but TikTok apparently

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Speaker 1: is owned by the Chinese and they banned it in India.

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Speaker 1: Prime Minister Modi he said, not gonna happen here, no way,

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Speaker 1: no more TikTok. He doesn't care. And um, Greta asked

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Speaker 1: President Trump about TikTok and this is what he said.

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Speaker 1: He said, Um, it's something, he said. Greta asked Secretary

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Speaker 1: of Pumpeo was talking about possibly banning TikTok in this country.

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Speaker 1: President Trump said, it's something that we are looking at, yes,

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Speaker 1: and then Greta followed up, why would you ban it?

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Speaker 1: And President Trump said, quote, well, it's a big business.

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Speaker 1: Look what happened with China with this virus. What they've

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Speaker 1: onto this country and to the entire world is disgraceful.

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Speaker 1: And we are looking at numerous different things. TikTok is

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Speaker 1: one of them, one of many fascinating folks, really really

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Speaker 1: fascinating dynamic. And I want to begin our conversation with

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Speaker 1: our all star political panel about the US China dynamic

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Speaker 1: and especially how the Biden campaign and the Trump reelection

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Speaker 1: campaign are going to handle this, because you know, it

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Speaker 1: is really on the minds of many different Americans. I

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Speaker 1: want to welcome back to the show. Al Matter. He

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Speaker 1: has a democratic strategist and partner at Brown Steing, Hyatt,

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Speaker 1: Farber and Shrek. And first time on the program, Bill McGinley.

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Speaker 1: He's a principal at the Vogel Group and he's the

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Speaker 1: former White House Cabinet Secretary and former Deputy Council at

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Speaker 1: the r n C. Bill, welcome, nice to chat with you, great,

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Speaker 1: thanks for having all right, so what do you think

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Speaker 1: of this? They're gonna ban TikTok? What does it say

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Speaker 1: about the larger issue of they could? I don't I

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Speaker 1: want to correct myself immediately. He is considering banning TikTok?

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Speaker 1: But what does it say about the larger issue between

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Speaker 1: the U S and China relations and ship? I think

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Speaker 1: that the United States has finally taken a hard look

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Speaker 1: at some of the tech platforms that China has been

432
00:24:06,600 --> 00:24:09,520
Speaker 1: pushing into the United States. And I think that any

433
00:24:09,520 --> 00:24:12,560
Speaker 1: time that these technologies are going to be used by Americans,

434
00:24:12,600 --> 00:24:15,400
Speaker 1: there needs to be a national security review. I mean,

435
00:24:15,520 --> 00:24:18,920
Speaker 1: let's not forget the force technology transfers to China imposes

436
00:24:18,960 --> 00:24:22,480
Speaker 1: on American companies when they try to do business UM

437
00:24:22,560 --> 00:24:25,400
Speaker 1: in their country. UM. I think it's appropriate to take

438
00:24:25,440 --> 00:24:28,520
Speaker 1: the review, and I think that the State Department and

439
00:24:28,520 --> 00:24:31,280
Speaker 1: the administration will act appropriately if there is a national

440
00:24:31,359 --> 00:24:34,480
Speaker 1: security threat. I think that they will ban the technology

441
00:24:34,480 --> 00:24:37,800
Speaker 1: in the United States. All right, al matter, come in here.

442
00:24:37,840 --> 00:24:40,000
Speaker 1: How I mean? I think this is one of the

443
00:24:40,160 --> 00:24:43,280
Speaker 1: rare areas where Republicans and Democrats agree that there that

444
00:24:43,359 --> 00:24:46,560
Speaker 1: the America has to take a long hard look at China.

445
00:24:48,359 --> 00:24:51,159
Speaker 1: Oh absolutely, I was gonna just say this is one

446
00:24:51,200 --> 00:24:54,600
Speaker 1: of those areas where we can find some agreement. Um.

447
00:24:54,640 --> 00:24:59,359
Speaker 1: You know, Look, TikTok is primarily used by young people.

448
00:25:00,119 --> 00:25:04,840
Speaker 1: It's primarily an entertainment medium for them. However, uh, it

449
00:25:04,960 --> 00:25:08,160
Speaker 1: also may be a mechanism where by a hostile foreign

450
00:25:08,240 --> 00:25:13,320
Speaker 1: government is spine on Americans and trying to infiltrate our networks.

451
00:25:13,720 --> 00:25:17,760
Speaker 1: You saw the administration's policy with respect to Huawei. Um

452
00:25:17,840 --> 00:25:20,359
Speaker 1: And I think, you know, looking ahead to the election,

453
00:25:20,480 --> 00:25:23,200
Speaker 1: you're going to see the President try to villainize China

454
00:25:23,240 --> 00:25:25,800
Speaker 1: the ma bestie can, which will put Biden in a

455
00:25:25,800 --> 00:25:29,159
Speaker 1: bit of an uncomfortable position because he doesn't want to

456
00:25:29,200 --> 00:25:32,280
Speaker 1: be their defender. Um and and and the other big

457
00:25:32,320 --> 00:25:35,679
Speaker 1: political piece of this is that the president wants China

458
00:25:35,760 --> 00:25:38,000
Speaker 1: to be to blame for everything bad that's going on

459
00:25:38,080 --> 00:25:40,399
Speaker 1: right now in our country, our economy, to virus et

460
00:25:40,440 --> 00:25:44,800
Speaker 1: cetera up and so that'll be exaggerated their role in

461
00:25:44,840 --> 00:25:48,560
Speaker 1: this um. But yes, I think that the government needs

462
00:25:48,560 --> 00:25:51,240
Speaker 1: to look long and hard at what China is doing

463
00:25:51,280 --> 00:25:53,800
Speaker 1: because they don't have our interest at heart. They are

464
00:25:53,840 --> 00:25:56,600
Speaker 1: trying to promote their country's interests to the detriment of

465
00:25:56,640 --> 00:25:59,080
Speaker 1: the American economy. You know, when I was a kid,

466
00:25:59,160 --> 00:26:01,600
Speaker 1: it was the moca aina. Remember that everybody would do

467
00:26:01,600 --> 00:26:05,040
Speaker 1: the macarena. I'm telling you guys, if there was video

468
00:26:05,119 --> 00:26:07,920
Speaker 1: of me doing the macarna online, I would want that

469
00:26:08,240 --> 00:26:12,000
Speaker 1: stuff barred. I would want that off. Listen. If you're

470
00:26:12,040 --> 00:26:13,800
Speaker 1: a kid out there and you've got a TikTok, you're

471
00:26:13,800 --> 00:26:17,400
Speaker 1: not gonna want You've danced into some crazy song out

472
00:26:17,440 --> 00:26:20,080
Speaker 1: there twenty thirty years from me. It's not gonna happen.

473
00:26:20,119 --> 00:26:22,840
Speaker 1: But what do I know? Anyway? Moving on al matters

474
00:26:22,880 --> 00:26:26,679
Speaker 1: on the line, as is uh as is Bill McGinley,

475
00:26:27,280 --> 00:26:30,000
Speaker 1: are are Democrat and Republican for the night, respectively. I

476
00:26:30,040 --> 00:26:32,239
Speaker 1: want to pivot to the economic stimulus because we heard

477
00:26:32,240 --> 00:26:34,320
Speaker 1: a little bit about this in my interview with Mark

478
00:26:34,400 --> 00:26:37,119
Speaker 1: short at the top of the show about Leader McConnell

479
00:26:37,119 --> 00:26:40,800
Speaker 1: and the Senate and working UH with his caucus and

480
00:26:40,800 --> 00:26:44,239
Speaker 1: and seemingly getting the approval of the TACIT approval from

481
00:26:44,280 --> 00:26:48,399
Speaker 1: President Trump. About another round of economic stimulus before UH

482
00:26:48,480 --> 00:26:52,119
Speaker 1: the August recess bill, What specifically do you think is

483
00:26:52,160 --> 00:26:54,920
Speaker 1: going to be needed to ease some of the concerns

484
00:26:55,200 --> 00:26:58,560
Speaker 1: amongst Republicans who are a bit apprehensive about spending more

485
00:26:58,600 --> 00:27:01,400
Speaker 1: money at a time in which there's just so much

486
00:27:01,440 --> 00:27:04,960
Speaker 1: going on with with deficits. I think the fault lines

487
00:27:05,000 --> 00:27:08,159
Speaker 1: are pretty well known. I think that Leader McConnell in

488
00:27:08,200 --> 00:27:10,399
Speaker 1: his Republican colleagues are going to be looking for some

489
00:27:10,480 --> 00:27:14,560
Speaker 1: sort of liability protection for businesses UM, so that as

490
00:27:14,600 --> 00:27:17,520
Speaker 1: they begin to reopen UM and as we've seen with

491
00:27:17,560 --> 00:27:20,119
Speaker 1: the spikes of the infections, that some of these businesses

492
00:27:20,680 --> 00:27:22,959
Speaker 1: that have taken reasonable measures not only to protect their

493
00:27:22,960 --> 00:27:26,000
Speaker 1: employees but their customers are not going to be driven

494
00:27:26,000 --> 00:27:29,960
Speaker 1: out of business by the trial lawyers in endless lawsuits UM.

495
00:27:30,040 --> 00:27:32,080
Speaker 1: I also think that the Democrats are going to look

496
00:27:32,119 --> 00:27:35,960
Speaker 1: for additional funds for state and local governments UM, and

497
00:27:36,000 --> 00:27:38,240
Speaker 1: the Republicans are probably going to draw a line on this.

498
00:27:38,359 --> 00:27:40,240
Speaker 1: They're not going to bail out the states and in

499
00:27:40,280 --> 00:27:45,679
Speaker 1: the municipalities UM that were uh fiscally irresponsible prior to

500
00:27:45,720 --> 00:27:48,600
Speaker 1: the pandemic. But I think in terms of financial relief

501
00:27:48,640 --> 00:27:51,240
Speaker 1: for some of them to help address the impact of

502
00:27:51,280 --> 00:27:54,240
Speaker 1: the virus UM that could be on the table. And finally,

503
00:27:54,280 --> 00:27:56,400
Speaker 1: I think that UM they're going to need to take

504
00:27:56,400 --> 00:27:58,560
Speaker 1: a hard look at the data of the p p

505
00:27:58,720 --> 00:28:02,280
Speaker 1: P program, some of the other lending facilities established by

506
00:28:02,280 --> 00:28:05,080
Speaker 1: the Federal Reserve UM to see whether or not this

507
00:28:05,160 --> 00:28:08,280
Speaker 1: is having the intended effect of bolstering the economy. We

508
00:28:08,320 --> 00:28:10,920
Speaker 1: think that it has stabilized it, but we really need

509
00:28:10,960 --> 00:28:13,120
Speaker 1: to get the economy up and running again. There's been

510
00:28:13,119 --> 00:28:17,080
Speaker 1: some good gains the administration, working with the Republicans in

511
00:28:17,080 --> 00:28:21,200
Speaker 1: Congress and Congress, have made some gains on the economic front,

512
00:28:21,359 --> 00:28:23,360
Speaker 1: but we're nowhere where we need to be, and they're

513
00:28:23,400 --> 00:28:24,760
Speaker 1: going to be taking a heart and look at that,

514
00:28:25,000 --> 00:28:27,399
Speaker 1: you know, and and a lot of Democrats all monitor

515
00:28:27,400 --> 00:28:30,159
Speaker 1: to to Bill's point, have raised the concern about that

516
00:28:30,240 --> 00:28:33,280
Speaker 1: there's not enough transparency as it relates to some of

517
00:28:33,280 --> 00:28:36,359
Speaker 1: the loans of regarding PPP that have come out, and

518
00:28:36,400 --> 00:28:40,800
Speaker 1: the administration recently putting out several of the transparency UH

519
00:28:40,840 --> 00:28:42,920
Speaker 1: in terms of the large loans, but for loans under

520
00:28:42,920 --> 00:28:46,120
Speaker 1: a hundred and fifty thousand, they've raised. Democrats have argued

521
00:28:46,160 --> 00:28:48,000
Speaker 1: that should be my public Well, you know, on the

522
00:28:48,040 --> 00:28:49,800
Speaker 1: other side of that, people are saying, well, hey, wait

523
00:28:49,800 --> 00:28:51,520
Speaker 1: a minute, if you're a small mom and pop shop,

524
00:28:51,600 --> 00:28:55,160
Speaker 1: you might not want your your your information out there

525
00:28:55,240 --> 00:28:58,120
Speaker 1: for anyone to see. So there's this issue of propriety,

526
00:28:58,200 --> 00:29:01,120
Speaker 1: there's this issue of a privacy really in terms of

527
00:29:01,120 --> 00:29:04,880
Speaker 1: financial disclosures. UM, so that delicate balance. But but out

528
00:29:05,320 --> 00:29:07,920
Speaker 1: when you talk to Democrats up on the hill and

529
00:29:08,280 --> 00:29:10,760
Speaker 1: you know, are they gonna block this in the House,

530
00:29:10,800 --> 00:29:14,040
Speaker 1: a speaker or a speaker Pelosi recognized that that there's

531
00:29:14,080 --> 00:29:16,040
Speaker 1: got to be another round of stimulus before they had

532
00:29:16,040 --> 00:29:19,600
Speaker 1: home for recess. No, look, Kevin, the only one is

533
00:29:19,600 --> 00:29:23,360
Speaker 1: gonna block anything. If anything is blocked, are Republicans. Democrats

534
00:29:23,360 --> 00:29:26,280
Speaker 1: are full steam ahead on additional stimulus. I would add

535
00:29:26,320 --> 00:29:30,720
Speaker 1: to what Bill said that um, with respect to the

536
00:29:30,760 --> 00:29:32,880
Speaker 1: money for the states. When you look at the state

537
00:29:32,960 --> 00:29:36,280
Speaker 1: like New Jersey, which went through the most terrific spike

538
00:29:36,320 --> 00:29:39,560
Speaker 1: in cases, then it started getting better. Now they're beginning

539
00:29:39,560 --> 00:29:41,920
Speaker 1: to think well, maybe we open too fast. The reason

540
00:29:42,000 --> 00:29:43,640
Speaker 1: you want to give money to the states is because

541
00:29:43,640 --> 00:29:46,240
Speaker 1: they can deal with their unique circumstances. So in a

542
00:29:46,320 --> 00:29:48,600
Speaker 1: state like New Jersey where they started to open restaurants

543
00:29:48,600 --> 00:29:50,760
Speaker 1: and doors and then the governor decided that's too quick,

544
00:29:50,800 --> 00:29:53,480
Speaker 1: we can't do that. But those restaurant owners needs help.

545
00:29:53,840 --> 00:29:55,560
Speaker 1: And so if you give money the states, they can

546
00:29:55,600 --> 00:29:58,440
Speaker 1: parcel that out rather than having the FED or the

547
00:29:58,480 --> 00:30:00,640
Speaker 1: PPP try to figure out what's going on a fifty

548
00:30:00,640 --> 00:30:04,080
Speaker 1: states and two and thirty cities. I would also add

549
00:30:04,080 --> 00:30:08,600
Speaker 1: that Democrats will probably pushing for additional unemployment insurance and

550
00:30:08,640 --> 00:30:12,640
Speaker 1: they'll probably have some specific asks with respect to increasing

551
00:30:12,680 --> 00:30:18,360
Speaker 1: funding for things like PPE for contact tracing, UM testing

552
00:30:18,440 --> 00:30:20,080
Speaker 1: and like to make sure we can come out of

553
00:30:20,080 --> 00:30:22,920
Speaker 1: this as we get back into a more robust economic

554
00:30:22,920 --> 00:30:24,800
Speaker 1: growth pattern, we can come out of it in a

555
00:30:24,800 --> 00:30:28,440
Speaker 1: healthy fashion, rather than just putting people's health at the side,

556
00:30:29,000 --> 00:30:31,959
Speaker 1: um all for the sake of economic growth. Alright, coming up,

557
00:30:31,960 --> 00:30:34,320
Speaker 1: we're gonna talk more about economic policy. We're also going

558
00:30:34,360 --> 00:30:37,640
Speaker 1: to get a breview in terms of the Conventions and

559
00:30:37,840 --> 00:30:42,240
Speaker 1: twenty with our all star political panel. Al moder he's

560
00:30:42,240 --> 00:30:45,600
Speaker 1: a Democratic strategist and partner at Brownstein Hyatt, Barber and

561
00:30:45,640 --> 00:30:47,800
Speaker 1: Schek and Bill McGinley. He has a principal at the

562
00:30:47,920 --> 00:30:51,000
Speaker 1: Vogel Group. He has former White House Cabinet Secretary and

563
00:30:51,080 --> 00:30:55,360
Speaker 1: former Deputy Council at the Republican National Committee as well.

564
00:30:55,360 --> 00:30:57,280
Speaker 1: He I also hear through the Gray Findings a big

565
00:30:57,400 --> 00:31:01,800
Speaker 1: U c L A sports fan. Is that true? Bill? Oh? Absolutely,

566
00:31:01,840 --> 00:31:03,880
Speaker 1: I can't wait for college sports to come back. Are

567
00:31:03,880 --> 00:31:08,840
Speaker 1: they coming back? Bill? We're going with Fouci and everything.

568
00:31:09,880 --> 00:31:12,520
Speaker 1: I know. H you know, I think nothing would boost

569
00:31:12,520 --> 00:31:16,080
Speaker 1: the American spirit more than having some sports back besides

570
00:31:16,120 --> 00:31:19,240
Speaker 1: golf and NASCAR. So I agree with that that should

571
00:31:19,240 --> 00:31:21,880
Speaker 1: be like a nonpartisan statement. All right, coming up, much

572
00:31:21,880 --> 00:31:24,480
Speaker 1: more of that. I'm Kevin Sireli, Chief washing The correspondent

573
00:31:24,480 --> 00:31:27,760
Speaker 1: for Bloomberg TV and Radio. And you're listening to Bloomberg one.

574
00:31:35,040 --> 00:31:39,600
Speaker 1: This is Bloomberg's Sound On with Kevin Surrele on Bloomberg

575
00:31:40,720 --> 00:31:43,120
Speaker 1: and one oh five point seven f m HD two.

576
00:31:43,800 --> 00:31:47,240
Speaker 1: I'm Kevin Sirelli, Chief Washington correspondent for Bloomberg Television and

577
00:31:47,320 --> 00:31:50,720
Speaker 1: for Bloomberg Radio. GRADIV A sussion with the Big interview

578
00:31:50,800 --> 00:31:55,360
Speaker 1: tonight with President Trump. Uh And she asked him about

579
00:31:55,480 --> 00:31:59,960
Speaker 1: convention plans. And you know, look, President Trump was gonna

580
00:32:00,000 --> 00:32:02,640
Speaker 1: have the convention in North Carolina. Then remember that whole

581
00:32:02,680 --> 00:32:06,600
Speaker 1: debacle with the governor and then the RNC one elsewhere. Uh,

582
00:32:06,640 --> 00:32:11,880
Speaker 1: and now they're gonna have it in Jacksonville, Florida. But hey, folks,

583
00:32:13,040 --> 00:32:16,320
Speaker 1: the numbers have been spiken in Florida. So Gretta asked

584
00:32:16,360 --> 00:32:20,240
Speaker 1: President Trump, you know you're gonna consider maybe not having

585
00:32:20,280 --> 00:32:23,760
Speaker 1: as big as a convention, and President Trump said, quote, well,

586
00:32:23,960 --> 00:32:26,720
Speaker 1: we are always looking at different things. When we signed

587
00:32:26,720 --> 00:32:29,320
Speaker 1: in Jacksonville, we wanted to be in North Carolina. That

588
00:32:29,440 --> 00:32:32,520
Speaker 1: almost worked out, but the government didn't want to have

589
00:32:32,560 --> 00:32:35,080
Speaker 1: people use the arena essentially, and so I said, too

590
00:32:35,080 --> 00:32:38,000
Speaker 1: bad for North Carolina. He goes on to say, look,

591
00:32:38,000 --> 00:32:40,720
Speaker 1: we are very flexible. We can do a lot of things,

592
00:32:40,760 --> 00:32:44,800
Speaker 1: but we are very flexible. End quote. Uh. My political

593
00:32:44,880 --> 00:32:48,520
Speaker 1: panel for tonight, speaking of being flexible and being able

594
00:32:48,520 --> 00:32:51,440
Speaker 1: to talk about a variety of topics. Al Matter. Al

595
00:32:51,520 --> 00:32:54,280
Speaker 1: Matter is, of course a democratic strategist and partner at

596
00:32:54,280 --> 00:32:57,120
Speaker 1: Brown Steeing, Hyatt Farber and Shrek and Bill McGinley. He

597
00:32:57,160 --> 00:33:00,000
Speaker 1: has principal at the Vogel Group. Former White House guy,

598
00:33:00,080 --> 00:33:03,400
Speaker 1: the Secretary and former Deputy Council at the r n C.

599
00:33:03,680 --> 00:33:06,240
Speaker 1: Bill you know you coming from the r n C,

600
00:33:06,800 --> 00:33:10,320
Speaker 1: you hear this. Conventions are huge, huge opportunities for the

601
00:33:10,400 --> 00:33:12,800
Speaker 1: left end of right. This this pandemic is we can

602
00:33:12,840 --> 00:33:16,680
Speaker 1: havoc on folks convention plans. Yeah, I think there's no

603
00:33:16,720 --> 00:33:19,560
Speaker 1: doubt about that. Joe Biden has already announced that they're

604
00:33:19,560 --> 00:33:23,560
Speaker 1: going to happen vastly scaled back convention. I think that

605
00:33:23,600 --> 00:33:26,120
Speaker 1: the Republicans are still looking at conditions on the ground

606
00:33:26,160 --> 00:33:29,080
Speaker 1: in Jacksonville. UM. I think that they're going to probably

607
00:33:29,120 --> 00:33:32,360
Speaker 1: need to make some modifications, uh, if the infection rate

608
00:33:32,400 --> 00:33:35,800
Speaker 1: doesn't ease. And remember, let's let's step back and think

609
00:33:35,800 --> 00:33:38,920
Speaker 1: about what conventions actually are. UM, there's a lot of

610
00:33:38,920 --> 00:33:43,080
Speaker 1: things that national nominating conventions and national party conventions do

611
00:33:43,880 --> 00:33:48,240
Speaker 1: besides um nominating the candidates for president and vice president,

612
00:33:48,480 --> 00:33:52,080
Speaker 1: they actually conduct the business as the party through the delegates.

613
00:33:52,120 --> 00:33:56,960
Speaker 1: And so both parties are making huge adjustments to their

614
00:33:57,000 --> 00:33:59,480
Speaker 1: plans to make sure not only that they take care

615
00:33:59,480 --> 00:34:02,000
Speaker 1: of the business is. But I think President Trump is

616
00:34:02,040 --> 00:34:04,200
Speaker 1: going to have a very good event down in Jacksonville.

617
00:34:04,520 --> 00:34:06,200
Speaker 1: Is going to be a great launch into the fall

618
00:34:06,240 --> 00:34:08,120
Speaker 1: campaign where you can lay out his vision for the

619
00:34:08,160 --> 00:34:11,640
Speaker 1: second term, uh in giving everybody a reason, um why

620
00:34:11,760 --> 00:34:14,600
Speaker 1: they should return him for another four years. Well, the

621
00:34:14,640 --> 00:34:17,480
Speaker 1: situation is very fluid, um. I do think that that

622
00:34:17,520 --> 00:34:19,480
Speaker 1: it's going to be a successful event. Now, what are

623
00:34:19,480 --> 00:34:21,319
Speaker 1: we going to hear from the wh I asked you?

624
00:34:21,360 --> 00:34:23,480
Speaker 1: Is every time? When when is Biden going to announce

625
00:34:23,480 --> 00:34:28,880
Speaker 1: the veep? I would say in three to four weeks.

626
00:34:29,640 --> 00:34:31,680
Speaker 1: Let me just say this. I think the conventions are

627
00:34:31,680 --> 00:34:36,320
Speaker 1: going to be a studied contrast in leadership and opportunism

628
00:34:36,480 --> 00:34:39,800
Speaker 1: and narcissism. And Vice President Biden is going to demonstrate

629
00:34:39,840 --> 00:34:43,560
Speaker 1: how to properly conduct a political exercise during a pandemic

630
00:34:43,600 --> 00:34:46,239
Speaker 1: in which people's lives at risk, and the President is

631
00:34:46,239 --> 00:34:48,840
Speaker 1: going to conduct a super spreader event in which he

632
00:34:48,880 --> 00:34:52,920
Speaker 1: puts his fans and supporters at risk just to have

633
00:34:53,239 --> 00:34:55,759
Speaker 1: a made for TV event. Okay, but you know what,

634
00:34:55,840 --> 00:34:58,120
Speaker 1: I got to interrupt, I gotta interrupt out. I just

635
00:34:58,160 --> 00:34:59,920
Speaker 1: hope that the Dems don't put up one of the

636
00:35:00,120 --> 00:35:03,400
Speaker 1: Zoom things. I hope it's a little more TV produced

637
00:35:03,440 --> 00:35:08,080
Speaker 1: than like those god awful Zoo videos that they're talking

638
00:35:08,120 --> 00:35:10,360
Speaker 1: to the to the best and the brightest in the

639
00:35:10,560 --> 00:35:14,040
Speaker 1: entertainment industry, which, as some of your listeners know, tends

640
00:35:14,080 --> 00:35:23,759
Speaker 1: to skew democratic. Yeah, bills not hustling for money in Hollywood,

641
00:35:24,000 --> 00:35:28,040
Speaker 1: but they have no story of um folks with ideas

642
00:35:28,080 --> 00:35:32,880
Speaker 1: as to how to make this as as entertaining as possible. Limitation.

643
00:35:33,400 --> 00:35:36,000
Speaker 1: I always think to the Clint Eastwood chair, that was

644
00:35:36,040 --> 00:35:38,000
Speaker 1: probably I was like, I was like, I just moved

645
00:35:38,000 --> 00:35:40,400
Speaker 1: to Washington. I was at Political and I'll never forget

646
00:35:40,440 --> 00:35:43,000
Speaker 1: watching that and being like, what that is going on?

647
00:35:43,200 --> 00:35:45,279
Speaker 1: All right, let's that was probably one of the most

648
00:35:45,280 --> 00:35:49,799
Speaker 1: memorable convention speeches that I've ever seen. I wasn't even there,

649
00:35:49,880 --> 00:35:53,440
Speaker 1: but I still remember remember that the chair anyway, all right,

650
00:35:53,480 --> 00:35:55,400
Speaker 1: we do this thing on the Kevin. I was on

651
00:35:55,440 --> 00:35:58,399
Speaker 1: the floor and I had exactly the same Well. As

652
00:35:58,440 --> 00:36:00,040
Speaker 1: soon as I started talking about that, I was like,

653
00:36:00,120 --> 00:36:01,960
Speaker 1: I wonder if this is a soft a sore spot

654
00:36:02,000 --> 00:36:05,160
Speaker 1: for Bill Kevin raining in rain it in? All right,

655
00:36:05,160 --> 00:36:07,000
Speaker 1: we do this thing on the show called What's on

656
00:36:07,040 --> 00:36:10,239
Speaker 1: your radar? Um, and you tell me one thing that's

657
00:36:10,280 --> 00:36:14,319
Speaker 1: on your radar? So al matter what's on your radar? Uh?

658
00:36:14,320 --> 00:36:16,600
Speaker 1: In October, the Supreme Court is going to hear a

659
00:36:16,640 --> 00:36:20,600
Speaker 1: case about whether or not the Affordable Care Act should

660
00:36:20,600 --> 00:36:24,040
Speaker 1: go away, and it is going to have a reverber

661
00:36:24,080 --> 00:36:26,799
Speaker 1: rating effect in the election. Every national election we've had

662
00:36:26,800 --> 00:36:29,200
Speaker 1: in the past ten years has been affected dramatically by

663
00:36:29,200 --> 00:36:31,840
Speaker 1: people's us on healthcare. This one's gonna be no different

664
00:36:31,840 --> 00:36:33,840
Speaker 1: in the in the midst of a pandemic, and I

665
00:36:33,840 --> 00:36:36,480
Speaker 1: think it's going to dramatically help the Democrats across the

666
00:36:36,520 --> 00:36:39,719
Speaker 1: board House, Senate and President. Okay, I think that is

667
00:36:40,120 --> 00:36:45,640
Speaker 1: incredibly important, um, especially for individuals, to especially the dynamics

668
00:36:45,640 --> 00:36:48,120
Speaker 1: of the race. And it's quite honestly, when I talked

669
00:36:48,160 --> 00:36:50,239
Speaker 1: to Republicans, it's a debate that they want to have.

670
00:36:50,320 --> 00:36:52,479
Speaker 1: They feel that the that the Obamacare debate is something

671
00:36:52,480 --> 00:36:54,680
Speaker 1: that's going to help them. So it'll be fascinating to

672
00:36:54,840 --> 00:36:57,560
Speaker 1: see what will happen on that front. And the President

673
00:36:57,560 --> 00:37:01,520
Speaker 1: Trump releases some type of updated very of the Republican alternative,

674
00:37:01,520 --> 00:37:03,719
Speaker 1: I agree that's a that's a really good one to

675
00:37:03,880 --> 00:37:07,600
Speaker 1: have on people's radar. Bill What's on your radar? The

676
00:37:07,640 --> 00:37:10,800
Speaker 1: baseball summer camp pauses by teams due to the delays

677
00:37:10,840 --> 00:37:13,680
Speaker 1: in receiving the testing results. I think that a lot

678
00:37:13,719 --> 00:37:16,319
Speaker 1: of the sports like NHL and NBA are looking at

679
00:37:16,360 --> 00:37:19,080
Speaker 1: what's happening with baseball, and it's my hope that we

680
00:37:19,120 --> 00:37:21,400
Speaker 1: can get this corrected so that baseball can begin on

681
00:37:21,520 --> 00:37:25,359
Speaker 1: July and that the NHL and NBA will be able

682
00:37:25,400 --> 00:37:27,319
Speaker 1: to follow suit. Well, let me follow up on this

683
00:37:27,360 --> 00:37:29,920
Speaker 1: because it's I'm not even trying to be funny with this,

684
00:37:30,000 --> 00:37:32,360
Speaker 1: but actually a lot of the ways that the sports

685
00:37:32,440 --> 00:37:36,480
Speaker 1: leagues are testing and the rapid testing could be potentially

686
00:37:36,520 --> 00:37:40,680
Speaker 1: a model for businesses and dare i say schools for

687
00:37:40,680 --> 00:37:43,360
Speaker 1: how to handle some of this. So it is really

688
00:37:43,360 --> 00:37:46,320
Speaker 1: going to be interesting. The precedent bill that these sports

689
00:37:46,400 --> 00:37:49,960
Speaker 1: leagues set a lot of problems that having on that

690
00:37:50,040 --> 00:37:53,040
Speaker 1: if you need money, and the leagues have money and

691
00:37:53,040 --> 00:37:56,120
Speaker 1: so they can test their players multiple times a week,

692
00:37:56,600 --> 00:38:01,120
Speaker 1: but a small business or as a school system doesn't

693
00:38:01,160 --> 00:38:03,839
Speaker 1: have that type of money or support. So you're any

694
00:38:03,880 --> 00:38:06,919
Speaker 1: government assistance if you're gonna have the same level of

695
00:38:07,120 --> 00:38:10,480
Speaker 1: comprehensive and thorough testing that the professional leagues are going

696
00:38:10,520 --> 00:38:13,160
Speaker 1: to have. And that's why, for example, in the Nonpower

697
00:38:13,239 --> 00:38:17,440
Speaker 1: five conferences, you're seeing schools across New England cancel false

698
00:38:17,480 --> 00:38:20,200
Speaker 1: sports because they can't test people as often as they

699
00:38:20,239 --> 00:38:23,040
Speaker 1: need to. All right, they'll go ahead, go ahead. I

700
00:38:23,080 --> 00:38:25,799
Speaker 1: was just gonna say, in speaking of schools, UM, I

701
00:38:25,880 --> 00:38:28,239
Speaker 1: do think that some of these programs we're going to

702
00:38:28,320 --> 00:38:30,200
Speaker 1: have to be looking at this. I know that the

703
00:38:30,200 --> 00:38:32,680
Speaker 1: President in the administration and I'm supportive of this as

704
00:38:32,719 --> 00:38:35,600
Speaker 1: a parent. Um. We really want to get schools back

705
00:38:35,640 --> 00:38:38,920
Speaker 1: to in classroom learning so that the kids are going

706
00:38:38,960 --> 00:38:41,799
Speaker 1: to have a better experience than they did this spring. UM.

707
00:38:41,880 --> 00:38:44,160
Speaker 1: And I think that some of the testing protocols that

708
00:38:44,200 --> 00:38:47,600
Speaker 1: maybe happen in these microcosms like baseball and others, hopefully

709
00:38:47,600 --> 00:38:49,239
Speaker 1: we'll give a pass forward so that we can get

710
00:38:49,239 --> 00:38:51,480
Speaker 1: these students back in the classroom. You know, I think

711
00:38:51,560 --> 00:38:55,600
Speaker 1: that is very, very very interesting, and especially just to

712
00:38:55,680 --> 00:38:59,320
Speaker 1: see how that's all going to go, because you know, again,

713
00:38:59,360 --> 00:39:01,480
Speaker 1: I think we want a sports back, but we obviously

714
00:39:01,520 --> 00:39:03,040
Speaker 1: we wanted to be safe, and we want to make

715
00:39:03,040 --> 00:39:05,440
Speaker 1: sure that people who need the tests and the industries

716
00:39:05,480 --> 00:39:09,040
Speaker 1: that need the tests are able to get them uh

717
00:39:09,160 --> 00:39:13,080
Speaker 1: as quickly as as quickly as possible. Um. The thing

718
00:39:13,120 --> 00:39:17,200
Speaker 1: that's on my radar today is, uh, you know, we

719
00:39:17,239 --> 00:39:19,160
Speaker 1: already talked about TikTok that was gonna be it, but

720
00:39:19,239 --> 00:39:22,239
Speaker 1: I you know, I'm gonna pivot because we have it.

721
00:39:22,280 --> 00:39:24,400
Speaker 1: But I'm gonna go back to this issue that I

722
00:39:24,440 --> 00:39:26,759
Speaker 1: mentioned yesterday that I just want to double down because

723
00:39:26,760 --> 00:39:29,680
Speaker 1: I think it bears repeating, And that's fed Chair, former

724
00:39:29,680 --> 00:39:32,879
Speaker 1: fed Share Janet Yellen suggesting that another Dodd Frank might

725
00:39:32,920 --> 00:39:36,640
Speaker 1: be needed. Uh. She floated this idea. And you know,

726
00:39:36,680 --> 00:39:38,479
Speaker 1: our audience knows this. You know this if you listen

727
00:39:38,480 --> 00:39:41,200
Speaker 1: to this program, if you're a fed Share current or former,

728
00:39:41,480 --> 00:39:43,400
Speaker 1: you're not just gonna float an idea out there. But

729
00:39:43,719 --> 00:39:45,440
Speaker 1: so for her to come out and say that potentially

730
00:39:45,480 --> 00:39:48,600
Speaker 1: there might be another Dodd Frank that's needed as we're

731
00:39:48,640 --> 00:39:52,120
Speaker 1: just a couple of months away from a presidential election,

732
00:39:52,480 --> 00:39:54,560
Speaker 1: is very interesting. And I can tell you that based

733
00:39:54,600 --> 00:39:57,600
Speaker 1: upon conversations that I've had with some senior staffers at

734
00:39:57,600 --> 00:40:02,240
Speaker 1: the Biden campaign. Uh, former vice president is just around

735
00:40:02,280 --> 00:40:07,480
Speaker 1: the corner from releasing an economic vision of sorts and

736
00:40:07,520 --> 00:40:10,400
Speaker 1: we don't know. You know, it will be carefully dissected

737
00:40:10,440 --> 00:40:12,799
Speaker 1: and talked about on this program as well as of

738
00:40:12,840 --> 00:40:16,160
Speaker 1: course on other financial industry outlets. But it's also going

739
00:40:16,239 --> 00:40:19,360
Speaker 1: to be an important test for progressives and centrist Democrats

740
00:40:19,400 --> 00:40:21,560
Speaker 1: to see where that paul. So that's very much on

741
00:40:21,680 --> 00:40:25,080
Speaker 1: my radar is where Biden world falls on that? Where

742
00:40:25,080 --> 00:40:27,239
Speaker 1: does Elizabeth Warren world fall on that? Where does the

743
00:40:27,280 --> 00:40:31,040
Speaker 1: AO C crowd go, Bernie the Bernie crowd, Bernie Sanders,

744
00:40:31,160 --> 00:40:32,759
Speaker 1: where are they gonna go? So that's it's all my

745
00:40:32,880 --> 00:40:35,759
Speaker 1: radar still up in my head, all right. I want

746
00:40:35,760 --> 00:40:39,040
Speaker 1: to thank Bill McGinley, Bill McGinley of the Vocal Group.

747
00:40:39,040 --> 00:40:40,640
Speaker 1: I want to thank Al Matter, and I of course

748
00:40:40,719 --> 00:40:44,759
Speaker 1: want to thank Dr Deborah Burkes and Mark Short for

749
00:40:44,920 --> 00:40:48,080
Speaker 1: their time as well. Much more coming up all throughout

750
00:40:48,080 --> 00:40:50,560
Speaker 1: the week. I'm Kevin Silly, thank you for listening. I'm

751
00:40:50,600 --> 00:40:52,759
Speaker 1: the Chief Washington correspondent from Bomber TV and Radio, and

752
00:40:52,760 --> 00:41:01,279
Speaker 1: you're listening to Boomberg the BA