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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. You're looking at seventy kennidates 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's

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Speaker 1: Relation on Bloomberg and one oh five point seven FM

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Speaker 1: HD two. What's gonna happen with stimulus? President Trump stirring

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Speaker 1: up stimulus talks. Congrats, you made it's a Friday. Sometimes

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Speaker 1: you just need to hear that positive reinforcement, you know

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Speaker 1: what I'm saying, Like you made it to Friday. You

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Speaker 1: know who else made it a Friday with us? Mario

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Speaker 1: Parker Bloomberg, White House reporter. Mario, what a week we've

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Speaker 1: had in Washington and all over the country. Huh, Yes,

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Speaker 1: it's been insane. A week ago was relentless. I don't know.

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Speaker 1: Don't forget about the week before with the Supreme Court

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Speaker 1: you know what I'm saying. I mean, it's just been

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Speaker 1: relentless is a really good word. But you know what,

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Speaker 1: you're a relentless reporter. Okay, So what did President Trump

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Speaker 1: have to say today about fiscal stimulus. Well, today is

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Speaker 1: a lot different than what he was saying earlier this

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Speaker 1: week when he unilaterally called off talks. Today he said

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Speaker 1: on Russian Umbols program that he wants something bigger than

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Speaker 1: even Democrats or Republicans have even floated. So what does

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Speaker 1: that mean? Because this is the first time that we've

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Speaker 1: ever heard this from the White House. So he wants

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Speaker 1: upwards of what three trillion? Where his where his aids? Truly?

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Speaker 1: Like that? Were his aids expecting this? Or did this

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Speaker 1: catch everyone off guard? I suspect they caught everyone off

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Speaker 1: guard because we had just before he went on UH

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Speaker 1: pretty solidly that he had given consent for Steve Minution

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Speaker 1: to negotiate up to one eight trillion dollars. The President subsequently,

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Speaker 1: as I mentioned, when our Russia m boss said to

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Speaker 1: or say, excuse me, say something bigger. But his Communics

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Speaker 1: director after that say it that the White House will

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Speaker 1: look to do something below two trillion dollars. So it's

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Speaker 1: been a pretty much of a whip saw. It really

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Speaker 1: is a web site. Let's take a listen to what

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Speaker 1: some of what Larry Cudlow had to say speaking about

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Speaker 1: Secretary Manution and Speaker Pelosi and how their negotiations are going.

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Speaker 1: Here's Larry Cudlow. It looks like we are not we

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Speaker 1: don't have it yet, but we're gonna talk about the

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Speaker 1: comments that Larry Cudlow made within the within the program,

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Speaker 1: but Larry Cudlow basically saying that there were some positive

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Speaker 1: developments and some breakthroughs with regards to the negotiations between

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Speaker 1: President Trump UH and and Democrats. And I really just

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Speaker 1: times running out. I mean, I'm really perplexed by this,

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Speaker 1: and and and and prepping for the show Mario Parker Bloomberg,

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Speaker 1: White House Reporter, it almost feels like there isn't an

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Speaker 1: understanding on anyone's part that there's an election on November three.

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Speaker 1: And I don't even mean to be funny, I actually like,

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Speaker 1: I I truly mean that. Am I wrong? Is it?

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Speaker 1: Do they understand that there's an election? No? I think

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Speaker 1: the president understands it fully, given UH that he really

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Speaker 1: wants a package done, it would be a political bone

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Speaker 1: for him. Uh, and then I think Mitch McConnell and uh,

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Speaker 1: he saves the election loaming, but he's signaled that, you know,

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Speaker 1: time is of the essence. He's kind of sounded alarm

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Speaker 1: and that that regard. But he's also signaled that his

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Speaker 1: priority lays with uh, confirming Amy Coney Barrett to the

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Speaker 1: Supreme Court precisely. Okay, I'm told by our intrepid soundboard

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Speaker 1: operator Mariff, who's saying that we do now have that

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Speaker 1: sound that was just sliced from Larry Cudler. Let's take

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Speaker 1: a listen to what Larry Cudlow had to say about

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Speaker 1: the negotiations. Serious speaks will be on the horn, uh

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Speaker 1: this afternoon. Okay, So they talked to us after ter noon,

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Speaker 1: and then he says that he's hopeful for some positive developments.

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Speaker 1: Here's more from Larry Cudlow. Are very positive, they are

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Speaker 1: very constructive. Uh. This is a breakthrough stuff. Breakthrough stuff

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Speaker 1: on a breakaway Friday. Um, and so I just don't

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Speaker 1: know what more can be done, you know. And and

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Speaker 1: it's interesting because I think the expectation even from the

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Speaker 1: market's perspective. And coming up, we're gonna talk with Eric

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Speaker 1: weener about the markets and what happened in the markets today.

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Speaker 1: But the expectation was that the airline industry package would

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Speaker 1: have moved and would have provided a win, so to speak,

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Speaker 1: for both Democrats and Republicans. Mario, No, you're absolutely right.

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Speaker 1: That would have been an easy one to score, even

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Speaker 1: if it were piece meal, given that you want to

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Speaker 1: the White House will want to stave off further unemployment,

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Speaker 1: and that's that's something that that the President and Nancy

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Speaker 1: Pelosi both can agree on. All Right, now, let's switch

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Speaker 1: gears into politics as we talk abut the campaign race

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Speaker 1: we went on today in terms of will they or

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Speaker 1: won't they debate next week in Miami, it's been it's

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Speaker 1: been very similar to these financial negotiations. Right. So, the

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Speaker 1: President thing came out saying that they would they do

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Speaker 1: want to go for with the debate, um that he

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Speaker 1: will be okay that there was some whipsaw and that

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Speaker 1: regard as well, But we're not sure what's gonna happen

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Speaker 1: as of right now. There's a town hall schedule for

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Speaker 1: next Thursday with Joe Biden. The Trump folks have said

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Speaker 1: that were signaled that they may do some counterprogramming. Oh,

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Speaker 1: they want to do some counter programming for sure, And

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Speaker 1: we heard that it might even come on Monday. I've

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Speaker 1: been hearing that they here it is. President Trump is

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Speaker 1: gonna go to Florida. Just crossed in my inbox. Donald J.

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Speaker 1: Trump Campaign press release. Trump Campaign announces President Trump to

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Speaker 1: deliver remarks how to Make America Great Again event in Sanford, Florida, Monday,

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Speaker 1: twenty twenty October twelve, twelve, twenty seven pm Eastern President

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Speaker 1: Trump is back on the campaign trail at a MAGA rally. Wow. Okay,

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Speaker 1: so the expectations, I mean, this is gonna be a fascinating,

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Speaker 1: fascinating development on Monday in sunny Sanford, Florida. Mario Parker

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Speaker 1: walk us through what the Democrats are gonna say about

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Speaker 1: seeing the President back on the campaign trail, what the

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Speaker 1: Debate Commission is gonna say about the President being back

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Speaker 1: on the campaign trail, and what his own his own

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Speaker 1: campaign and Republican senators are gonna say about it. Walk

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Speaker 1: us through the dynamics of just how important it is

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Speaker 1: that he's back on the campaign trail. Sure, it's vital

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Speaker 1: for the president to get back on a campaign trail.

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Speaker 1: This had been the strategy for his closing weeks of

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Speaker 1: the election, Pisa v as you know, uh uh, it

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Speaker 1: was his closing argument to just hit these this book,

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Speaker 1: make this barrage and visits to states. Now, the problem

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Speaker 1: of verses that the president is coming off of covid

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Speaker 1: uh covid diagnosis and coronavirus and his handling of it

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Speaker 1: has been the main cudgel kind of wielded by Joe

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Speaker 1: Biden and the Democrats who argue that the President hasn't

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Speaker 1: taken this um as uh as seriously enough. It's also,

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Speaker 1: of course got to be a headache who a Senate

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Speaker 1: candidates as well, who would want the president to act

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Speaker 1: a little bit more uh reserved in terms of resuming,

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Speaker 1: you know, public appearances. We've we've heard some you know,

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Speaker 1: some concern about how he's handled with the coronavirus or

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Speaker 1: even lack thereof where where Republicans have kind of distanced

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Speaker 1: themselves from some of his recent comments about it. So

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Speaker 1: this won't be h welcome necessarily by by fellow Republicans

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Speaker 1: before its campaign. I mean it does. I mean within

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Speaker 1: the closing weeks of election, the most powerful tool they

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Speaker 1: have is the president's ability to generate headline well that's

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Speaker 1: such a great point. What Mario Parker Bloomberg White House

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Speaker 1: reporter just said is that that they view that as

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Speaker 1: an asset that they are able to generate headlines. That

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Speaker 1: the question is are they generating the right headlines in

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Speaker 1: order to get out their base? So from a strategic standpoint,

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Speaker 1: and Mario, this is just so spot on, because it's

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Speaker 1: you know, it's not our job in the media to

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Speaker 1: say whether or not, you know, to take a stance

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Speaker 1: on on a on a political thing that's the right

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Speaker 1: or the wrong move. But if if if they're saying

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Speaker 1: that they want to turn out the base, that's how

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Speaker 1: they feel they will win this election. If you look

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Speaker 1: at it through that strategic standpoint, then the headlines that

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Speaker 1: they're drawing make more sense, right Mario, No, You're absolutely right.

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Speaker 1: I mean the base is eager to I was with

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Speaker 1: the Vice President Pence on the road this week following

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Speaker 1: the debate, and I mean, you could just till he

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Speaker 1: still was getting crowds uh in uh Arizona and then

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Speaker 1: also Nevada. I have to imagine that the president would it,

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Speaker 1: you know, the usual crowds as well from his base

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Speaker 1: who support him, who um supports his handling of the

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Speaker 1: coronavirus pandemic. Who see who? Who argue that the media

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Speaker 1: has been biased against the president. Democrats have looked to

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Speaker 1: me by look to attack the president Montreili as well.

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Speaker 1: So no, this is uh And the fact that it's

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Speaker 1: in Florida, I mean, is a crucial state for the

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Speaker 1: president's prospects. So they're bad. Is this this to some

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Speaker 1: degree is going to be a base election? Who can

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Speaker 1: turn their base out more? Were you in salt Lake?

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Speaker 1: I wasn't salt Lake. I was too and I didn't

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Speaker 1: see you. We're always busy. That's what people don't understand.

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Speaker 1: They think it's like I didn't even see Mario and

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Speaker 1: we were both in the same city in salt Lake.

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Speaker 1: That's that's what it's like. What's it like in a

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Speaker 1: press bubble? What's it like in a COVID bubble? If

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Speaker 1: you don't even see your colleague, Mario. I'm so disappointed

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Speaker 1: I didn't see you, my friend. I it's been months.

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Speaker 1: It's been months, Mario. Great job, great job on the

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Speaker 1: reporting as well. Keep out the excellent work and thanks

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Speaker 1: so much for spending the time with us on a Friday.

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Speaker 1: Mario Parker always out front. I head of the story

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Speaker 1: Bloomberg White House Reporter. I'm Kevin Sirley. This is Bloomberg

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

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

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Speaker 1: seven m h D two. You know, I was gonna

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Speaker 1: put the story on my radar, but I couldn't wait.

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Speaker 1: It's Friday, right and our next guest is just perfect

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Speaker 1: for it. I'm obsessed with the story. The father of

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Speaker 1: the vix Warren's options glitch is costing investors millions. Rob

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Speaker 1: Walley is researching the impact of the ETP strategy tweaks

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Speaker 1: windfall wealth transfers may be happening more. A study shows

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Speaker 1: Alex Longley and Katherine Greenfield report on the Bloomberg terminal

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Speaker 1: Options on tech stocks may have dominated the headlines, but

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Speaker 1: one of the leading minds and finance reckons this year's

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Speaker 1: crazy markets have been stirring up trouble elsewhere in the system.

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Speaker 1: Eric Wiener's with us. He is Bloomberg Markets Live team

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Speaker 1: leader and the author of two books about Wall Street,

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Speaker 1: What Goes Up and the Shadow Market. Uh thank you

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Speaker 1: so much, Eric for joining us. I mean this vixed thing.

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Speaker 1: Everybody's obsessed with it. Eric, before I ask you about

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Speaker 1: the market today, this volatility index thing, and Robert Walley,

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Speaker 1: who created the VIX index, is investigating a major problem

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Speaker 1: in the market for derivatives of exchange traded products. Who

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Speaker 1: would have thought, actually, anybody who follows right, I mean, look,

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Speaker 1: the VIS volatile, the volatility gauge is extremely important to

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Speaker 1: look at, uh, and being able to judge it has

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Speaker 1: been a big advance for for the market as a whole.

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Speaker 1: But when you look at the stuff, particularly the e

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Speaker 1: t p s and e t f s and extrange

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Speaker 1: traded products where you're indexing things, Uh, it's that's where

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Speaker 1: the blow ups tend to happen. So the idea that um,

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Speaker 1: I mean, I think the biggest blow up in the

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Speaker 1: history of E t f s was like, uh three

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Speaker 1: times Dick's levered thing. UM that basically was trade chasing volatility.

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Speaker 1: And the thing is about volatilities. It moves so much

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Speaker 1: that you can make a ton and lose a ton.

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Speaker 1: And as the story which was great pointed out, is

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Speaker 1: that it spills over into everything else. So you're you're

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Speaker 1: looking at the the overall market and it's affecting the

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Speaker 1: way people reacting currencies, it's affecting the way people reacting

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Speaker 1: owns UH and then obviously in stocks as well. So

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Speaker 1: I mean, if if you follow E t F S,

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Speaker 1: which I actually used to run for us UH, and

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Speaker 1: you are aware of what the VIX can do, this

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Speaker 1: isn't all that surprising. But the story was all the

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Speaker 1: story was really really cool, Father Vix. The morning glitch

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Speaker 1: is costing investors. Okay, let's pivot now. It's what happened

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Speaker 1: in the markets today. US stocks rally, but the SMP

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Speaker 1: five posting its biggest weekly increase since July, as traders

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Speaker 1: that lawmakers are moving closer to providing more fiscal stimulus.

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Speaker 1: I don't know what they're because I hear something different

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Speaker 1: from a source every single day. What happened in the

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Speaker 1: markets today? Eric, you know the that story or that

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Speaker 1: that narrative is real? Um, what what I think? I mean?

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Speaker 1: You talk to a lot of different people, and basically

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Speaker 1: what you hear is stock any excuse for stocks going up.

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Speaker 1: What you have is some some sort of explanation. So

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Speaker 1: today's say it's stimulus and Trump saying that I want

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Speaker 1: to go bigger than Democrats and stimulus is needed, and

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Speaker 1: if if we get a lot of it, it will

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Speaker 1: it will raise stock prices. That that is true, but

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Speaker 1: the question is when. And traders aren't stupid, so they

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Speaker 1: have to know that McConnell has already said that's kind

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Speaker 1: of a no go, and this does have to pass

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Speaker 1: the Senate in order to get funded. So it seems

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Speaker 1: as if investors are basically saying, now, we know stimulus

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Speaker 1: is coming at some point, and we don't care when.

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Speaker 1: And that's actually kind of dangerous because there are time

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Speaker 1: frames and if you are going to stretch this out

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Speaker 1: for as long you know, into there will probably be

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Speaker 1: a reckoning before that happens. So, like, you know, you

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Speaker 1: can be thinking that stocks are going to go up

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Speaker 1: when this stimulus shows up, but if it doesn't show

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Speaker 1: up until March, what happens before then? Earning seasons and

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Speaker 1: you'll have a bunch of different other reports that will

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Speaker 1: take stocks lower before they go up, And you have

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Speaker 1: to be able to accept that pain. And I don't

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Speaker 1: know that people have fully thought that through. Well meanwhile,

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Speaker 1: it's fascinating. It's fascinating because you know, from from where

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Speaker 1: I sit, just in the conversations happening down here in

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Speaker 1: the nation's capital, Uh, Eric Ween or Bloomberg Markets Live

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Speaker 1: team leader. Uh, it's it really is a question of

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Speaker 1: when and not if. And we've putted on this, you know,

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Speaker 1: it's become a thread really throughout Bloomberg Surveillance in the

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Speaker 1: open as well as on Bloomberg Radio sound on. Is

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Speaker 1: when it's gonna happen. It's gonna happen either in the

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Speaker 1: lame duck and or emphasis on and or because if

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Speaker 1: it's democratic, there's more likely going to be another round

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Speaker 1: in the first quarter of next year as it relates

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Speaker 1: to infrastructure and the like, you know, in the first

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Speaker 1: quarter next year. So it's fascinating. Another major driving theme

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Speaker 1: and narrative that has emerged throughout the markets in the

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Speaker 1: past several uh weeks is still talking about vaccinations. You know,

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Speaker 1: European stops roses, host of companies raised outlooks from Denmark's

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Speaker 1: drug maker nov ordesks as two German online clothing retailers,

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Speaker 1: Orlando sc But you know, I'm looking at non ord

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Speaker 1: Desk and you know they're still trading off of developments

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Speaker 1: with the vaccine. It's look general, I mean general, anybody

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Speaker 1: cocktail who knew what anybody cocktail exactly. Yeah, it made

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Speaker 1: us want to reach for Jack Daniels looking at that.

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Speaker 1: But the the I mean when you look at what

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Speaker 1: can be done, I mean, hope is in all of this.

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Speaker 1: When you you're exactly right on and everybody agrees with that,

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Speaker 1: the idea that it's not if, it's when, it's when,

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Speaker 1: and it's how much. So when you're looking at, say

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Speaker 1: the virus stuff, you're just taking your throwing a dart

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Speaker 1: at a board and praying that you hit the one

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Speaker 1: that is going to be the one that everybody has

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Speaker 1: to buy. But nobody knows you know that, you know,

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Speaker 1: we of knowing that. This is what volatility. This is

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Speaker 1: where volatility is created because suddenly a rumor gets out

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Speaker 1: that X companies drug is doing well, or X companies

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Speaker 1: drug is door, why companies drugg is doing poorly, And

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Speaker 1: then everybody piles in and out of these different things

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Speaker 1: and also into the exchange created funds that are linked

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Speaker 1: to them, and this creates volatility in the market. And

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Speaker 1: that this is where things just get hyped because of hope.

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Speaker 1: Nobody sees the downside. They're just focusing on the upside

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Speaker 1: because it's where can you make money? Yeah, it's it's fascinating.

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Speaker 1: I want to ask you a question that I haven't

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Speaker 1: been able to ask every every day we do this segment,

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Speaker 1: but I think you're just so incredibly perfect for it

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Speaker 1: because you are there, you wrote the book on it,

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Speaker 1: what goes up? And and I ask you this. There's

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Speaker 1: been a lot of confidence in the fank stocks, especially

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Speaker 1: given that during the pandemic and people staying from home,

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Speaker 1: and they were seen as as an area of being

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Speaker 1: more stable. Now in my neck of the woods, you know,

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Speaker 1: we've got law makers on both sides of the aisle

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Speaker 1: have an ant trust hearings on them. And I didn't

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Speaker 1: really see that move the markets much this week. But

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Speaker 1: here in Washington there is this conversation being had about

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Speaker 1: Facebook and Amazon, uh and and Google and all the likes.

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Speaker 1: Now do you see what I mean? Do you sense

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Speaker 1: in the long term or where do where? Where are

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Speaker 1: they going to go? The text ox Okay, that's so,

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Speaker 1: this is actually something we have been talking about internally here.

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Speaker 1: The thinking is that it's not going to happen. To

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Speaker 1: be quite honest and cynical about the whole thing, The

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Speaker 1: thinking is that it will be a lot of noise,

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Speaker 1: but that ultimately not much will come of it. If

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Speaker 1: something comes of it, You're looking at something like a

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Speaker 1: T and T, right, I mean you're looking at breaking

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Speaker 1: up you know, huge, huge companies into smaller, narrower focus

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Speaker 1: channels that some will succeed in, some will not. That

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Speaker 1: will dislocate the market enormously. But I don't think that

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Speaker 1: the average trader is making that bet. They're gonna bet

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Speaker 1: ten times a day that that the mark that the

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Speaker 1: economy will eventually get some cash out of Congress, But

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Speaker 1: they don't bet that Congress will hold technology speed to

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Speaker 1: the fire. Uh. And there are a bunch of reasons

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Speaker 1: why they would believe that. But this is where the

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Speaker 1: human elements of the market comes in. This is where

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Speaker 1: the trader psychology comes in. They're just not going to

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Speaker 1: buy that until they see it in a much more

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Speaker 1: concrete way. Fascinating. All right, all right, Eric Wayner, thank

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Speaker 1: you so much. I hear you are sports and the

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Speaker 1: music fan. So tell us what does that mean? Here's

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Speaker 1: your favorite band? We have like fifteen seconds, who is

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Speaker 1: my favorite band? Of god? The Replacements, probably all the

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Speaker 1: New York, all the New York fans, all the New

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Speaker 1: York Teams giants, You lost me? Yes, you're listening to

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Speaker 1: Berg Night one Live from Our Nation's how do we

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Speaker 1: reopen this economy? The latest on how this pandemic is

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Speaker 1: impacting farmers? What does this do for the United States

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Speaker 1: relationship with China? Bloomberg Sound on the Inside, the influencers,

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Speaker 1: the insides. We're responding to this crisis and manufacturers are

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Speaker 1: stepping up like never before. We're looking at seventy kennidates

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Speaker 1: for different victories. How do we make sure a pandemic

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Speaker 1: of this scale never happens again? This is Bloomberg Sound

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Speaker 1: on with Kevin Surrelate on Bloomberg and one oh five

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Speaker 1: point seven f m h D two, Go Bigger, Go Home.

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Speaker 1: That's President Trump's message to Capitol Hill. But can he

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Speaker 1: get a deal on fiscal stimulus? Plus? President Trump just

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Speaker 1: within the last half hour saying that he is back

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Speaker 1: on the camp pan trail. I'll tell you when, where,

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Speaker 1: and what's it mean for the race? A lot to

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Speaker 1: get through. Breaking news. Just within the last ten minutes,

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Speaker 1: President Trump has headed back on on the campaign trail.

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Speaker 1: He will host a Make America Great Again rally in Sanford,

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Speaker 1: Florida on Monday. This is his top campaign surrogates are

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Speaker 1: also going to be going all throughout the country, including

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Speaker 1: uh Ivanka Trump and and other in Arizona as well. Okay,

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Speaker 1: we've got three of the best in the biss three

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Speaker 1: of the originals. I gotta start calling them the originals

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Speaker 1: because they were on since the beginning of the show.

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Speaker 1: Scott trans Or, CEO of Optimists and former data science

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Speaker 1: director from Marco Rubio for President. I don't know why

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Speaker 1: I said it, like I was introducing the transformers. Eli Yoakley,

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Speaker 1: senior reporter, Hey, Eli, congrats on your promotion. Senior reporter

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Speaker 1: at the Morning consult covering politics. Congrats, Eli, Thanks Happy Friday,

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Speaker 1: Happy Friday. We made it. And Luis ky Avoni Journalists

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Speaker 1: Senior lecturer JOHNS. Hopkins University's Carry Business School. Talk to me,

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Speaker 1: you know, how are you doing. I'm doing all right, Louise.

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Speaker 1: Thanks thanks for asking my friend. Uh. Okay, so he's

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Speaker 1: going back on the campaign trail, Louise. Yeah, madness, complete madness.

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Speaker 1: Who would go to see this man? It's insane. The

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Speaker 1: whole prospect that we should all not be afraid of

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Speaker 1: COVID when it leaves behind it such a trail of

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Speaker 1: continuing physical hardship, the strokes, the blood clots um, the

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Speaker 1: continued lung damage. Um, you know, not to mention the

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Speaker 1: deaths and to say that he's fine and we should

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Speaker 1: all not be afraid. Come on, come on. I mean,

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Speaker 1: I believe in living your life, but I don't believe

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Speaker 1: in taking unnecessary risk in any doctor, any personal physician,

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Speaker 1: I would tell you not could pay the personal rank. Louise, Louise.

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Speaker 1: But there are a lot of people who support the president.

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Speaker 1: I mean he's like you look at the bulls in Florida.

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Speaker 1: I mean he's neck and neck. He says that he

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Speaker 1: doesn't have the virus anymore. I mean, I just I

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Speaker 1: want to be carefully. I mean, Scott Transfer, I mean

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Speaker 1: you're you're you work for for Marco Rubio. I mean, look,

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Speaker 1: there's a lot of Republicans in Florida. Yeah, and not

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Speaker 1: only that, Florida, he's got to win it. And in

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Speaker 1: our modeling, every time Trump wins, he wins Florida North Carolina.

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Speaker 1: So so if he loses, Florida's effectively over for him

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Speaker 1: at election night. And so I'm not a doctor, so

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Speaker 1: I don't know whether he should go out from a

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Speaker 1: medical from a medical standpoint, but from a political standpoint,

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Speaker 1: he's got to do something to the lock up the

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Speaker 1: state of Florida and North Carolina. Do you think is

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Speaker 1: he trailing there now? We're gonna get to Eli in

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Speaker 1: a second. But Scott Transer, based on your modeling, is

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Speaker 1: over at Optimists, is he trailing there now? Yeah? Based

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Speaker 1: on our modelings of the apt DE ballots returned and

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Speaker 1: with that standing as well as pulling, he's behind about

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Speaker 1: a point two. Okay, come in here, Eli Yoakley, what

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Speaker 1: do you have for us over there at the morning

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Speaker 1: concil where the polls say we'll be in Florida? We're

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Speaker 1: seeing pretty close rights across all of the polling we're seeing, Um,

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Speaker 1: this race has been pretty solid. I mean not even

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Speaker 1: a um deadly illness of inflicting the presidents has been

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Speaker 1: able to change it. I mean this, we've seen Joe

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Speaker 1: Biden nationally have a very solid lead. It's been a

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Speaker 1: little closer of many of the states. Um, But look, Um,

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Speaker 1: I don't know what it's going to take the change it.

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Speaker 1: If you look at the national polls, there's like four

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Speaker 1: percent of voters who are decided at this point. I

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Speaker 1: mean you really have to wonder what it is they're

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Speaker 1: waiting for at this point, you know, four weeks out

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Speaker 1: from election day. Um, but there's a lot of time,

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Speaker 1: there's a lot of money still to be spent early

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Speaker 1: voting and starting, and we'll see what happens. But you know,

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Speaker 1: at this at this point, UM, this is a pretty

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Speaker 1: solid race nationally for Joe Biden and he's winning. Eli.

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Speaker 1: We're gonna get into this thought throughout the program, but

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Speaker 1: I just want to follow up with you in terms

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Speaker 1: of what the polls are saying. Yesterday we had a

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Speaker 1: conversation about how split tickets, whether or not split tickets

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Speaker 1: where people will vote for a different presidential candidate than

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Speaker 1: they would for a senate race. Have you been able

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Speaker 1: to track what the data says on that, But what

426
00:25:07,520 --> 00:25:10,000
Speaker 1: we've seen so far has been a number of Republicans

427
00:25:10,080 --> 00:25:14,679
Speaker 1: senators and key states like North Carolina and like South Carolina,

428
00:25:15,160 --> 00:25:20,200
Speaker 1: like places like Arizona, have been underperforming Donald Trump's UH

429
00:25:20,600 --> 00:25:24,959
Speaker 1: performance among Republicans and in turn their underperforming his standing

430
00:25:25,160 --> 00:25:27,720
Speaker 1: in the polls generally. UM. That's something we're going to

431
00:25:27,760 --> 00:25:29,720
Speaker 1: be watching in the next few weeks. So these races

432
00:25:29,880 --> 00:25:33,399
Speaker 1: come online and this is game time for the Senate campaigns,

433
00:25:33,480 --> 00:25:36,679
Speaker 1: They've got many of them have debates. Tonight, folks were

434
00:25:36,720 --> 00:25:39,719
Speaker 1: finally tuning in. They're about to blow their ad money. Um,

435
00:25:39,800 --> 00:25:41,800
Speaker 1: we're gonna be watching if that starts to shift in

436
00:25:41,840 --> 00:25:45,359
Speaker 1: the coming weeks. Through Right now, most Democratic Senate candidates

437
00:25:45,400 --> 00:25:49,000
Speaker 1: are performing about in line with Joe Biden. Most Republican

438
00:25:49,040 --> 00:25:53,399
Speaker 1: incumbents are underperforming President Trump, Luisa and Luis is one

439
00:25:53,400 --> 00:25:55,560
Speaker 1: of the most senior reporters in Washington, d C. For

440
00:25:55,840 --> 00:25:59,520
Speaker 1: radio and broadcasts. Uh. And what what does history tell

441
00:25:59,600 --> 00:26:03,000
Speaker 1: us about when people split tickets? Is that common? Or

442
00:26:03,119 --> 00:26:05,359
Speaker 1: are people at this particular point in what has become

443
00:26:05,400 --> 00:26:09,040
Speaker 1: a base turnout election. Are people locked into their respected

444
00:26:09,080 --> 00:26:11,480
Speaker 1: political parties. I'm thinking of Senator Johnny Arts over there

445
00:26:11,760 --> 00:26:15,920
Speaker 1: and Iowa against Teresa Greenfield. On the face of it,

446
00:26:16,440 --> 00:26:20,560
Speaker 1: Americans like to have a divided government. Americans don't like

447
00:26:20,680 --> 00:26:26,240
Speaker 1: it when one party completely controls Washington. But you know,

448
00:26:26,400 --> 00:26:30,440
Speaker 1: we we have we have seen cases where there have

449
00:26:30,560 --> 00:26:37,520
Speaker 1: been dramatic changes in in in party domination, both in

450
00:26:37,560 --> 00:26:39,320
Speaker 1: the White House and in the Senate. I mean, if

451
00:26:39,359 --> 00:26:42,639
Speaker 1: you go back to the Reagan election, how how dramatic

452
00:26:42,760 --> 00:26:48,960
Speaker 1: that was? And uh, give the the the Trump actions

453
00:26:49,040 --> 00:26:53,199
Speaker 1: that Trump brederick. Uh, you know, even this thrashing around

454
00:26:53,359 --> 00:26:56,600
Speaker 1: going back on the campaign trail when it's not even

455
00:26:56,680 --> 00:27:00,399
Speaker 1: clear that he not only that he is not pages,

456
00:27:00,640 --> 00:27:05,560
Speaker 1: but the people around him are not contagious. Is Lots

457
00:27:05,600 --> 00:27:08,840
Speaker 1: of people would say that as being extremely irresponsible. And

458
00:27:08,840 --> 00:27:13,040
Speaker 1: I think it's interesting that Mitch McConnell, the top Republican,

459
00:27:13,160 --> 00:27:16,080
Speaker 1: the Senate majority leader in the Senate, says he himself

460
00:27:16,440 --> 00:27:19,080
Speaker 1: has not been to the White House for the past

461
00:27:19,160 --> 00:27:21,520
Speaker 1: two months because he doesn't trust it. I mean, you know,

462
00:27:21,880 --> 00:27:25,480
Speaker 1: the country is exhausted with this kind of thing, and

463
00:27:25,520 --> 00:27:29,680
Speaker 1: the country has had it with having to struggle with

464
00:27:29,800 --> 00:27:33,719
Speaker 1: COVID nineteen. They're just over it, all right. I mean,

465
00:27:33,760 --> 00:27:37,000
Speaker 1: I hear you on that. I think you know, Hellied,

466
00:27:37,160 --> 00:27:40,439
Speaker 1: did the Polish reflect that well? I mean, we did

467
00:27:40,440 --> 00:27:43,160
Speaker 1: an interesting test over the weekend whenever he put out

468
00:27:43,160 --> 00:27:47,200
Speaker 1: a video on Twitter saying people shouldn't be afraid of coronavirus,

469
00:27:47,280 --> 00:27:49,400
Speaker 1: and we showed that tweet to people in a poll

470
00:27:49,440 --> 00:27:51,119
Speaker 1: and ask him he was right or wrong, and like

471
00:27:51,280 --> 00:27:53,520
Speaker 1: six and ten voters said he was wrong. They're rejecting

472
00:27:53,600 --> 00:27:56,080
Speaker 1: this message and they shouldn't be afraid of of COVID,

473
00:27:56,119 --> 00:28:01,040
Speaker 1: including independence, women, suburban folks, these key aographic groups. And

474
00:28:01,119 --> 00:28:03,879
Speaker 1: by the way, most voters disapproved was handling it coronavirus.

475
00:28:04,080 --> 00:28:07,040
Speaker 1: And as we've seen throughout the year, thanks get harder

476
00:28:07,080 --> 00:28:09,680
Speaker 1: for the president whenever the coronavirus is number one thing

477
00:28:10,119 --> 00:28:12,280
Speaker 1: in the news, and that's certainly been the case over

478
00:28:12,359 --> 00:28:15,080
Speaker 1: this past week, including or in the debate. Very very

479
00:28:15,200 --> 00:28:18,760
Speaker 1: interesting to see how the polling uh and and the

480
00:28:19,000 --> 00:28:21,000
Speaker 1: actions and the polling and seeing how it all it

481
00:28:21,040 --> 00:28:22,639
Speaker 1: all plays out. Look, I've said it once, I'll say

482
00:28:22,640 --> 00:28:24,200
Speaker 1: it again. I talked to folks on the president's re

483
00:28:24,280 --> 00:28:27,119
Speaker 1: election campaign. They say they're going after the base. They

484
00:28:27,160 --> 00:28:29,640
Speaker 1: want to amplify the base turnout. Coming up, we talked

485
00:28:29,680 --> 00:28:32,200
Speaker 1: more policy and politics with a little personality with Scott

486
00:28:32,359 --> 00:28:34,960
Speaker 1: Eli and Louise. My name is Kevin CEREALI. I'm the

487
00:28:35,000 --> 00:28:37,760
Speaker 1: chief Washington correspondent for Bloomberg TV and Radio. You're listening

488
00:28:37,760 --> 00:29:11,120
Speaker 1: to Bloomberg. You're listening to Bloomberg. Sound On with Kevin

489
00:29:11,200 --> 00:29:15,040
Speaker 1: sirelate on Bloomberg and one A five point seven a

490
00:29:15,280 --> 00:29:18,760
Speaker 1: m h D two. What a weekend, Washington folks. My

491
00:29:18,840 --> 00:29:21,480
Speaker 1: name is Kevin Cereli. I'm the chief Washington correspondent for

492
00:29:21,600 --> 00:29:25,360
Speaker 1: Bloomberg Television and from Bloomberg Radio. Appreciate you spending some

493
00:29:25,480 --> 00:29:28,120
Speaker 1: time with me on a Friday. Listen. We're gonna keep

494
00:29:28,160 --> 00:29:30,000
Speaker 1: it for policy now, all right. That's why I'm so

495
00:29:30,080 --> 00:29:34,360
Speaker 1: grateful because I've got three policy wonks nerds on the

496
00:29:34,400 --> 00:29:38,040
Speaker 1: program with me. I say that lovingly, fam Scott Tranner,

497
00:29:38,280 --> 00:29:42,000
Speaker 1: Eli Yokley, Luis Skiavoni. Luise. Have you been following the

498
00:29:42,040 --> 00:29:45,800
Speaker 1: fiscal stimulus talks? All right? Well, let's listen to what

499
00:29:46,000 --> 00:29:49,240
Speaker 1: Larry Cudlow had to say today. I'm an optimist, Luise.

500
00:29:49,320 --> 00:29:52,080
Speaker 1: You know this about me, right, Listen, listen, listen to

501
00:29:52,120 --> 00:29:55,920
Speaker 1: what Larry Cudlow had to say about the talks between

502
00:29:56,000 --> 00:30:01,280
Speaker 1: Speaker Pelosi as well as Secretary Monution. Here is, the

503
00:30:01,440 --> 00:30:05,520
Speaker 1: developments are very positive. They are very constructive. Uh. This

504
00:30:05,800 --> 00:30:09,800
Speaker 1: is a breakthrough stuff, all right. So it's breakthrough stuff.

505
00:30:09,880 --> 00:30:14,800
Speaker 1: President Trump called into uh Rush Limbach earlier today and

506
00:30:14,920 --> 00:30:17,680
Speaker 1: he said he wanted a stimulus deal. Louise. That was

507
00:30:17,760 --> 00:30:21,200
Speaker 1: significantly more not than just what Senate Majority Leader Mitch

508
00:30:21,280 --> 00:30:24,760
Speaker 1: McConnell wanted, but more than the two point two trillion

509
00:30:25,240 --> 00:30:29,280
Speaker 1: that Speaker Pelosi wanted. This just comes after days in

510
00:30:29,320 --> 00:30:31,240
Speaker 1: which he said that there were that the deal was

511
00:30:31,280 --> 00:30:33,200
Speaker 1: off the table until after the election. So is he

512
00:30:33,400 --> 00:30:37,920
Speaker 1: is he looking at this as a need now, Luis Gimmony. Well,

513
00:30:38,560 --> 00:30:40,600
Speaker 1: when he said that he was walking away from the

514
00:30:40,720 --> 00:30:43,400
Speaker 1: talks and he was holding the line at what was

515
00:30:43,480 --> 00:30:47,760
Speaker 1: it originally one point four trillion? Uh, there was a

516
00:30:48,000 --> 00:30:52,760
Speaker 1: radical pullback on Wall Street and by the way, tremendously

517
00:30:53,080 --> 00:30:58,600
Speaker 1: unpopular politically in general. A lot of his constituency. Uh

518
00:30:58,960 --> 00:31:01,560
Speaker 1: that a lot of the people who support him, they

519
00:31:01,680 --> 00:31:04,040
Speaker 1: need the stimulus help. So for him to walk away

520
00:31:04,080 --> 00:31:07,240
Speaker 1: from the table was really really damaging. So now he's

521
00:31:07,280 --> 00:31:10,080
Speaker 1: going back and he's telling Rush that he wants I think,

522
00:31:10,440 --> 00:31:13,080
Speaker 1: didn't he say one point eight trillion? The House passed

523
00:31:13,120 --> 00:31:18,880
Speaker 1: trillion and Pelosi is asking uh for nothing less than

524
00:31:18,960 --> 00:31:22,480
Speaker 1: two trillion, So you know, the devil's in the details.

525
00:31:22,600 --> 00:31:25,360
Speaker 1: So now he's back up to one point a trillion. Look,

526
00:31:25,560 --> 00:31:30,520
Speaker 1: I don't really believe that they can go into the elections. No,

527
00:31:31,280 --> 00:31:34,080
Speaker 1: I mean people are already voting. But the election day

528
00:31:34,200 --> 00:31:37,960
Speaker 1: November three, without having approved to stimulus bill. That is

529
00:31:38,120 --> 00:31:42,000
Speaker 1: really damaging to everybody who is standing for re election.

530
00:31:42,200 --> 00:31:44,440
Speaker 1: That's That's a great point, because you know, I thought

531
00:31:44,480 --> 00:31:48,600
Speaker 1: it was remarkable to hear Senate Majority Leader Mitch McConnell

532
00:31:48,680 --> 00:31:54,800
Speaker 1: say at a press conference in Kentucky essentially that they agree,

533
00:31:55,360 --> 00:31:57,080
Speaker 1: we lose sight of this in the media. They agree

534
00:31:57,600 --> 00:32:01,120
Speaker 1: on the bedrock of the addition no stimulus, it's just

535
00:32:01,600 --> 00:32:04,160
Speaker 1: it's a matter of how much. And Leader McConnell's saying

536
00:32:04,200 --> 00:32:07,040
Speaker 1: that they don't feel the Republicans don't feel that there

537
00:32:07,160 --> 00:32:09,720
Speaker 1: that there should be a blank check. That is not

538
00:32:09,880 --> 00:32:13,440
Speaker 1: that has nothing to do with COVID nineteen. Is this

539
00:32:13,480 --> 00:32:15,040
Speaker 1: showing up in the polls at all? Where does more

540
00:32:15,080 --> 00:32:17,640
Speaker 1: stimulus resonate? Is this a driving issue in any of

541
00:32:17,680 --> 00:32:21,320
Speaker 1: the polls. It's a big deal. And we asked voters

542
00:32:21,520 --> 00:32:25,479
Speaker 1: for the last like six months throughout this pandemic um

543
00:32:25,560 --> 00:32:29,400
Speaker 1: they're what they're thinking about top issues for Congress, and

544
00:32:29,840 --> 00:32:33,680
Speaker 1: consistently and every single poll we've done and dozen to

545
00:32:33,760 --> 00:32:36,760
Speaker 1: polls at this point, like seven and ten, voters said

546
00:32:36,800 --> 00:32:39,040
Speaker 1: it should be a top issue, more than healthcare, more

547
00:32:39,080 --> 00:32:41,800
Speaker 1: than the climate change, immigration, more than anything else. This

548
00:32:42,000 --> 00:32:43,680
Speaker 1: is ranked on the top of the list. And by

549
00:32:43,720 --> 00:32:45,920
Speaker 1: the way, this is a political winner, I mean because

550
00:32:45,960 --> 00:32:48,440
Speaker 1: of that, it's a political winner, and Donald Trump and

551
00:32:48,600 --> 00:32:51,560
Speaker 1: Republicans are getting to blame for this not happening. I

552
00:32:51,680 --> 00:32:54,280
Speaker 1: think that Trump, probably the people around him probably are

553
00:32:54,280 --> 00:32:57,240
Speaker 1: seeing the same numbers that we are seeing. That they're

554
00:32:57,280 --> 00:33:00,720
Speaker 1: not blaming Nancy Philosphy for these talks falling apart. Namely,

555
00:33:00,720 --> 00:33:03,200
Speaker 1: Construct put his name on it whenever he tweeted that

556
00:33:03,280 --> 00:33:05,960
Speaker 1: he was walking away, and so the fact that he

557
00:33:06,160 --> 00:33:08,040
Speaker 1: is coming back to the table, I think is probably

558
00:33:08,040 --> 00:33:11,160
Speaker 1: a recognition of the political reality that um, spending money

559
00:33:11,200 --> 00:33:13,640
Speaker 1: in an election year is a good thing number one

560
00:33:13,720 --> 00:33:16,479
Speaker 1: and number two whenever the pandemic is the number one

561
00:33:16,560 --> 00:33:19,320
Speaker 1: thing on voters minds right now. Um, they've got to

562
00:33:19,440 --> 00:33:24,600
Speaker 1: respond to that. Scott, So what I was gonna I

563
00:33:24,720 --> 00:33:26,720
Speaker 1: was gonna say one thing. Let's assume for a second,

564
00:33:26,800 --> 00:33:29,760
Speaker 1: they come to an agreement this weekend, try to pass

565
00:33:29,800 --> 00:33:31,560
Speaker 1: the House. It's got to pass the Senate, and then

566
00:33:31,640 --> 00:33:34,640
Speaker 1: he's got to sign it, and the Senate also has

567
00:33:34,720 --> 00:33:38,320
Speaker 1: to pass or also wants to confirm a judge. Um, well,

568
00:33:38,360 --> 00:33:41,320
Speaker 1: I think he would help him politically by the time

569
00:33:41,800 --> 00:33:44,480
Speaker 1: something like this could theoretically be signed by him. It's

570
00:33:44,480 --> 00:33:49,200
Speaker 1: our projections that in the battleground states like Florida, North Carolina, Um, Pennsylvania,

571
00:33:49,200 --> 00:33:53,640
Speaker 1: et cetera. About the expected voters world already voted. So

572
00:33:53,720 --> 00:33:55,640
Speaker 1: while I agree with everyone it's something he's got to

573
00:33:55,720 --> 00:33:58,760
Speaker 1: do with gotta and it will help him, it's almost

574
00:33:58,800 --> 00:34:01,920
Speaker 1: going to come after significant chunk of these these important

575
00:34:01,960 --> 00:34:07,840
Speaker 1: voters of voters and in which states will have already voted.

576
00:34:07,880 --> 00:34:12,440
Speaker 1: By when Florida, North Carolina and Pennsylvania three key states

577
00:34:12,480 --> 00:34:15,239
Speaker 1: for the president. M Our models show that we'll have

578
00:34:15,320 --> 00:34:18,279
Speaker 1: already had the people we're gonna cast votes in the

579
00:34:18,320 --> 00:34:21,560
Speaker 1: selection have already returned their ballot um by the time

580
00:34:21,600 --> 00:34:24,160
Speaker 1: we get to a realistic vote in the Senate and

581
00:34:24,200 --> 00:34:26,359
Speaker 1: assigning by the President to two and a half weeks

582
00:34:26,400 --> 00:34:33,160
Speaker 1: from now. Wow, of people of voters in those battleground states.

583
00:34:33,200 --> 00:34:36,320
Speaker 1: I mean, that's just remarkable in and of itself, Luisa,

584
00:34:36,320 --> 00:34:40,839
Speaker 1: I mean here you hear that that type of incredibly,

585
00:34:40,960 --> 00:34:46,400
Speaker 1: incredibly fascinating behind the scenes look really from Optimists right there,

586
00:34:46,480 --> 00:34:50,000
Speaker 1: from a CEO of Optimist Scott Trentnor Luisa, and I

587
00:34:50,160 --> 00:34:53,160
Speaker 1: hear that, and I think this is going to be

588
00:34:53,560 --> 00:34:58,600
Speaker 1: such a turbulent ride between now and the weeks really

589
00:34:58,800 --> 00:35:01,720
Speaker 1: potentially the follow November three, you alluded to this. Luis,

590
00:35:02,000 --> 00:35:05,080
Speaker 1: give us the facts of what we know about just

591
00:35:05,239 --> 00:35:09,200
Speaker 1: the dynamics of this volatility that's seemingly about the bubble over.

592
00:35:10,280 --> 00:35:14,320
Speaker 1: So look, you know, I mean, yeah, that really is

593
00:35:14,400 --> 00:35:17,080
Speaker 1: a very very interesting figure in it is shocking. But

594
00:35:17,280 --> 00:35:20,359
Speaker 1: you still have sixty of the people who who still

595
00:35:20,360 --> 00:35:23,200
Speaker 1: don't have to vote. And it can be argued that

596
00:35:23,520 --> 00:35:27,239
Speaker 1: over the past you know, a couple of weeks, especially

597
00:35:28,040 --> 00:35:33,080
Speaker 1: uh at the dawn of his announced COVID infection, the

598
00:35:33,239 --> 00:35:38,120
Speaker 1: president has been making blunder after blunder and uh, you know,

599
00:35:38,280 --> 00:35:43,279
Speaker 1: behaving in erratic ways, calling for an indictment of a

600
00:35:43,560 --> 00:35:47,920
Speaker 1: past president. I mean, whoever does that? Who calls on

601
00:35:48,080 --> 00:35:52,120
Speaker 1: an entire nation to ignore the severity of a pandemic

602
00:35:52,320 --> 00:35:56,520
Speaker 1: that uh it has taken. I have always had the

603
00:35:56,640 --> 00:36:01,800
Speaker 1: Johns Hopkins UH tracker up on my on on my screen,

604
00:36:01,920 --> 00:36:05,200
Speaker 1: but has taken a number of you know, you know,

605
00:36:05,719 --> 00:36:08,960
Speaker 1: millions affected, millions and millions of people killed. I think

606
00:36:09,040 --> 00:36:11,759
Speaker 1: more of them. Let's see, the death toll globally is

607
00:36:11,840 --> 00:36:17,920
Speaker 1: now one point oh five six globally in the United States. Uh,

608
00:36:18,480 --> 00:36:21,680
Speaker 1: the seven point four million confirmed cases, two hundred and

609
00:36:21,760 --> 00:36:25,120
Speaker 1: ten thousand deaths. You know, this kind of thing. Um,

610
00:36:25,719 --> 00:36:29,480
Speaker 1: it's not the kind of thing that really inspires confidence.

611
00:36:29,560 --> 00:36:34,759
Speaker 1: So uh so he's really has to start to get

612
00:36:34,840 --> 00:36:39,200
Speaker 1: it together now. Tonight he's going to be on on

613
00:36:39,680 --> 00:36:44,000
Speaker 1: on one of the Fox shows, getting a virtual physical

614
00:36:44,239 --> 00:36:49,920
Speaker 1: Come on. I mean, we're gonna talk more about it

615
00:36:50,000 --> 00:36:52,080
Speaker 1: coming back. I'm Kevin Smilly. You're listening to Window Night

616
00:36:52,120 --> 00:37:14,440
Speaker 1: in l This is Bloomberg's Sound on with Kevin Surley

617
00:37:14,760 --> 00:37:18,600
Speaker 1: on Bloomberg and one oh five point seven m h

618
00:37:18,719 --> 00:37:22,600
Speaker 1: D two. My name is Kevin Surley. I am the

619
00:37:22,680 --> 00:37:25,439
Speaker 1: chief Washington correspondent for Bloomberg Television and for Blomberg Radio.

620
00:37:25,480 --> 00:37:28,040
Speaker 1: Earlier today, I was at the State's Department on a

621
00:37:28,080 --> 00:37:31,200
Speaker 1: beautiful sunny day here in Washington, d C. And I

622
00:37:31,480 --> 00:37:36,040
Speaker 1: spoke with the Under Secretary for Economic Affairs, Keith croc Uh.

623
00:37:36,440 --> 00:37:40,080
Speaker 1: The under Secretary, of course, is as a wide portfolio,

624
00:37:40,320 --> 00:37:43,560
Speaker 1: especially as it relates to dealing with technology services, and

625
00:37:43,640 --> 00:37:46,360
Speaker 1: he's been really busy traveling the past couple of months

626
00:37:46,760 --> 00:37:49,960
Speaker 1: as they've tried to bolster the U S Security and

627
00:37:50,040 --> 00:37:54,040
Speaker 1: Allied front in terms of better protecting America's five gen networks.

628
00:37:54,080 --> 00:37:57,080
Speaker 1: It's one of those non partisan areas that will continue

629
00:37:57,160 --> 00:38:00,239
Speaker 1: regardless of the outcome of the November third election, and

630
00:38:00,320 --> 00:38:04,560
Speaker 1: has really been a driving driving force in terms of

631
00:38:04,680 --> 00:38:07,960
Speaker 1: US foreign policy, not just at the State's Department and

632
00:38:08,280 --> 00:38:11,360
Speaker 1: within the White House, but also of course, UH with

633
00:38:11,520 --> 00:38:14,320
Speaker 1: Democrats even in in the Senate as well as of

634
00:38:14,360 --> 00:38:18,440
Speaker 1: course Republicans, but Republicans and Democrats up on Capitol Hill

635
00:38:18,480 --> 00:38:21,279
Speaker 1: really aligned on on how to do this. I've been

636
00:38:21,280 --> 00:38:23,279
Speaker 1: struck from the geopolitical sense. And you know, we've been

637
00:38:23,280 --> 00:38:25,960
Speaker 1: talking so much about politics recently, as we should. You know,

638
00:38:26,040 --> 00:38:29,160
Speaker 1: I get it, but I've been struck from the geopolitical sense.

639
00:38:29,200 --> 00:38:31,959
Speaker 1: And you'll hear this in my interview exclusive with Under

640
00:38:32,000 --> 00:38:37,839
Speaker 1: Secretary of Economic Affairs Keith krac how Germany shifted. Really,

641
00:38:37,920 --> 00:38:41,279
Speaker 1: Germany has significantly shifted in terms of their approach to

642
00:38:42,200 --> 00:38:45,720
Speaker 1: China and and the Communist Party of China. Angela Merkel

643
00:38:45,960 --> 00:38:49,440
Speaker 1: German Chancellor Angela Merkel shifting her strategy in terms of

644
00:38:49,520 --> 00:38:54,440
Speaker 1: how she's dealt with China on a host of different issues,

645
00:38:55,200 --> 00:38:58,520
Speaker 1: chief among them five G technology. So we get into that,

646
00:38:58,640 --> 00:39:01,680
Speaker 1: we get into the dynamics of of how to bring Europe,

647
00:39:02,120 --> 00:39:06,120
Speaker 1: how to get Europe to act more appropriately with regards

648
00:39:06,200 --> 00:39:11,279
Speaker 1: to to China and five G technology, and how do

649
00:39:11,360 --> 00:39:16,839
Speaker 1: you do that, especially when it's such a fractured economic time.

650
00:39:17,120 --> 00:39:19,000
Speaker 1: Take a listen to what he told me about his

651
00:39:19,160 --> 00:39:24,080
Speaker 1: recent trip to Europe. The tide has totally turned, Kevin.

652
00:39:24,640 --> 00:39:28,960
Speaker 1: Um I was it was eight countries, ten cities. You know,

653
00:39:29,080 --> 00:39:32,440
Speaker 1: the big news is the integration of the clean network

654
00:39:32,960 --> 00:39:38,240
Speaker 1: with the EU Clean toolbox. And you know the countries

655
00:39:38,280 --> 00:39:41,919
Speaker 1: I went to. Luxembourg now has picked nothing but clean

656
00:39:42,040 --> 00:39:45,839
Speaker 1: vendors in five G. This morning Belgium announced it. Uh,

657
00:39:46,040 --> 00:39:49,120
Speaker 1: the big one was Germany and that is where they're

658
00:39:49,239 --> 00:39:52,919
Speaker 1: they're about ready to issue regulations that in essence will

659
00:39:53,040 --> 00:39:56,400
Speaker 1: exclude Huahwei. And then we saw the same thing with

660
00:39:56,600 --> 00:40:05,200
Speaker 1: regard to Austria, Portugal, Spain, Estonia, Albania. So now, uh,

661
00:40:05,680 --> 00:40:10,120
Speaker 1: the Transatlantic alliance in five G is secure. So it's

662
00:40:10,120 --> 00:40:13,759
Speaker 1: about twenty five of the thirty NATO nations. Well, let

663
00:40:13,800 --> 00:40:17,040
Speaker 1: me press you on this. Why the shift specifically with Germany.

664
00:40:17,160 --> 00:40:19,400
Speaker 1: It seems that in recent weeks there's been a shift

665
00:40:19,480 --> 00:40:22,600
Speaker 1: with Germany. What changed, by the way, I really think

666
00:40:22,640 --> 00:40:26,799
Speaker 1: it's a combination of three factors. Um. The first one

667
00:40:27,080 --> 00:40:30,160
Speaker 1: is and I spent a lot of time with NATO

668
00:40:30,440 --> 00:40:34,879
Speaker 1: with Deputy Secretary Gianna and he said, look, we can't

669
00:40:34,880 --> 00:40:37,960
Speaker 1: afford to have a fracture NATO. We we need the

670
00:40:38,120 --> 00:40:41,800
Speaker 1: five G civilian networks in peace time and wartime. We

671
00:40:41,920 --> 00:40:44,640
Speaker 1: can't have some that have trusted vendors and some that

672
00:40:44,800 --> 00:40:47,560
Speaker 1: have untrusted vendors. So that's factor number one. The second

673
00:40:48,080 --> 00:40:51,120
Speaker 1: is the five G EU Clean toolbox. And I met

674
00:40:51,160 --> 00:40:54,000
Speaker 1: with my old friend Terry Baton who's the EU Commissioner

675
00:40:54,400 --> 00:40:57,600
Speaker 1: and and a lot of people don't know this, but uh,

676
00:40:58,200 --> 00:41:02,799
Speaker 1: he announced that the board of directors for the telcos

677
00:41:02,920 --> 00:41:06,080
Speaker 1: in the EU have to make the decision. And if

678
00:41:06,120 --> 00:41:08,640
Speaker 1: they choose a high risk supplier, which is basically the

679
00:41:08,760 --> 00:41:12,960
Speaker 1: Chinese suppliers, and something goes wrong, they are personally liable.

680
00:41:13,320 --> 00:41:16,040
Speaker 1: That's huge. And then the third thing is that that

681
00:41:16,200 --> 00:41:18,440
Speaker 1: integration with the clean network, and they can see that

682
00:41:18,960 --> 00:41:21,920
Speaker 1: momentum all around the world. Even you look at some

683
00:41:22,040 --> 00:41:25,240
Speaker 1: of the economic data of some of these Chinese telecommunication firms,

684
00:41:25,280 --> 00:41:28,600
Speaker 1: whether it's Huawei or whether it's even supply chains like

685
00:41:28,680 --> 00:41:30,919
Speaker 1: ZT and whatnot, and they're making a lot of money

686
00:41:31,320 --> 00:41:35,239
Speaker 1: even despite Europe moving elsewhere. Their profits are booming. Does

687
00:41:35,280 --> 00:41:37,920
Speaker 1: that concern you how does the US diminish some of

688
00:41:38,040 --> 00:41:41,040
Speaker 1: the clout of these companies. Well, by the way, I

689
00:41:41,400 --> 00:41:45,000
Speaker 1: think you're gonna see it show up in Wahwei's numbers

690
00:41:45,840 --> 00:41:49,600
Speaker 1: eventually you know their private company. So who knows uh

691
00:41:49,880 --> 00:41:53,000
Speaker 1: with these guys, But I mean you can see their

692
00:41:53,040 --> 00:41:57,840
Speaker 1: deals are evaporating all around the world, Uh, February last February,

693
00:41:57,840 --> 00:42:01,040
Speaker 1: they now say, like g contra acts, the most we

694
00:42:01,160 --> 00:42:04,879
Speaker 1: can count outside of China is seven. And meanwhile, going

695
00:42:04,920 --> 00:42:07,160
Speaker 1: back to China, you were just in Taiwan. I want

696
00:42:07,200 --> 00:42:09,239
Speaker 1: to ask you about that in a second, but specifically

697
00:42:09,320 --> 00:42:12,800
Speaker 1: on Chinese payment A digital payments. You look at Ali

698
00:42:12,880 --> 00:42:15,880
Speaker 1: pay for example. What is the administration going to be

699
00:42:15,960 --> 00:42:18,440
Speaker 1: doing or what's are you and your team doing about

700
00:42:18,560 --> 00:42:21,880
Speaker 1: many of the national security economic concerns pertaining to these companies.

701
00:42:22,520 --> 00:42:26,440
Speaker 1: By the way, I can't talk about our internal deliberations. Uh.

702
00:42:26,760 --> 00:42:30,320
Speaker 1: You know, obviously it's a cause for UH concern. So

703
00:42:30,560 --> 00:42:32,560
Speaker 1: that's about all I can say at this point. Meanwhile,

704
00:42:32,640 --> 00:42:35,640
Speaker 1: you were in Taiwan, you were attending a funeral, uh,

705
00:42:35,760 --> 00:42:38,080
Speaker 1: and tell us what happened? How was that? Well, I

706
00:42:38,440 --> 00:42:42,480
Speaker 1: went over for the funeral for Presidentally. He's their father

707
00:42:42,600 --> 00:42:46,080
Speaker 1: of democracy, it's like he's like there, George Washington. Um,

708
00:42:46,520 --> 00:42:50,040
Speaker 1: I was the highest ranking State Department officials since nineteen

709
00:42:50,120 --> 00:42:54,800
Speaker 1: seventy nine. Uh. When I went over there. Uh, the

710
00:42:55,000 --> 00:43:00,719
Speaker 1: Chinese sent thirty seven fighters and bombers to break Taiwan airspace.

711
00:43:01,320 --> 00:43:05,080
Speaker 1: Um And Uh. But I can tell you I had

712
00:43:05,160 --> 00:43:09,520
Speaker 1: such a great meeting with Presidents I and also UH

713
00:43:09,719 --> 00:43:13,600
Speaker 1: many of the CEOs. We had an economic dialogue on many.

714
00:43:14,239 --> 00:43:17,960
Speaker 1: They are a great partner, a great friend there, a

715
00:43:18,160 --> 00:43:20,800
Speaker 1: role model for capitalism and democracy in that part of

716
00:43:20,800 --> 00:43:24,400
Speaker 1: the world, a role model for capitalism and democracy. That

717
00:43:24,719 --> 00:43:28,440
Speaker 1: was the Under Secretary of Economic Affairs, Keith Croc speaking

718
00:43:28,480 --> 00:43:32,520
Speaker 1: to me exclusive, exclusively earlier today outside at the Harry

719
00:43:32,560 --> 00:43:35,760
Speaker 1: stream And Building at the State's Department. Beautiful day in Washington,

720
00:43:35,880 --> 00:43:39,600
Speaker 1: d c Uh. It's airing right now in Bloomberg Television

721
00:43:40,120 --> 00:43:44,120
Speaker 1: cross platform as well, or thanks to Keith Kroc, of course,

722
00:43:44,360 --> 00:43:48,839
Speaker 1: you know. And it is so incredibly worth noting, uh

723
00:43:49,000 --> 00:43:53,200
Speaker 1: and and underscoring just how he was over in Taiwan

724
00:43:53,320 --> 00:43:56,880
Speaker 1: to attend the funeral of the head of state and

725
00:43:57,320 --> 00:44:04,400
Speaker 1: the Chinese then flew more than two dozen planes all

726
00:44:04,560 --> 00:44:09,200
Speaker 1: over the sky in a military drill, simply because the

727
00:44:09,360 --> 00:44:13,880
Speaker 1: US sent the Under Secretary of State UH to Taiwan.

728
00:44:14,080 --> 00:44:17,480
Speaker 1: It's it's it's fascinating the developments on the US and

729
00:44:17,560 --> 00:44:21,840
Speaker 1: China front, and they are happening so incredibly quickly. I

730
00:44:21,920 --> 00:44:23,840
Speaker 1: want to bring back in Eli Yoakley just for the

731
00:44:23,920 --> 00:44:26,080
Speaker 1: remainder of this block, before we bring in the rest

732
00:44:26,120 --> 00:44:29,920
Speaker 1: of the panel. Eli is a senior reporter at the

733
00:44:30,000 --> 00:44:33,040
Speaker 1: Morning Console and I ask you this frequently, Eli, But

734
00:44:33,600 --> 00:44:39,280
Speaker 1: in terms of international perception, how do Americans view China?

735
00:44:41,640 --> 00:44:44,880
Speaker 1: A lot of folks, especially Republicans, were blaming China for

736
00:44:45,040 --> 00:44:47,960
Speaker 1: the sport of the coronavirus pandemic, and we Trumps messaging

737
00:44:48,120 --> 00:44:52,759
Speaker 1: on that issue, UM, certainly enitered voters. Minds. Um, you do,

738
00:44:52,920 --> 00:44:56,120
Speaker 1: madam a little bit and you ask who voters trusts

739
00:44:56,160 --> 00:44:57,480
Speaker 1: would to deal with us. I mean, it's come up

740
00:44:57,480 --> 00:44:59,239
Speaker 1: in the campaign a lot, as you know, and we've

741
00:44:59,239 --> 00:45:02,400
Speaker 1: seen them the debate. Um, Donald Trump's accused Joe Biden

742
00:45:02,680 --> 00:45:07,040
Speaker 1: doing China's bidding and everything. M voters give Joe Biden

743
00:45:07,080 --> 00:45:11,319
Speaker 1: the slides advantage on dealing with China. Actually, UM say

744
00:45:11,440 --> 00:45:15,000
Speaker 1: he's the most trusted on the issue. Another foreign's inside

745
00:45:15,000 --> 00:45:17,360
Speaker 1: Trump is and so UM Joe Biden has a slide

746
00:45:17,360 --> 00:45:19,160
Speaker 1: advantage on this issue. They've tried to use it in

747
00:45:19,239 --> 00:45:22,640
Speaker 1: the campaign against him, especially some of the outside groups

748
00:45:22,760 --> 00:45:27,120
Speaker 1: supporting Donald Trump, but that messaging really hasn't yet broken through.

749
00:45:27,880 --> 00:45:32,200
Speaker 1: It really is incredibly, incredibly fascinating, especially when you look

750
00:45:32,280 --> 00:45:36,000
Speaker 1: at how the coronavirus has played into this race. Is

751
00:45:36,080 --> 00:45:39,440
Speaker 1: Eli just so correctly points out, I mean, just the

752
00:45:39,520 --> 00:45:43,880
Speaker 1: mistrust that that Americans have with the Communist Party of

753
00:45:44,400 --> 00:45:46,839
Speaker 1: of China. The Pew Research Center unveiled the results I'm

754
00:45:46,840 --> 00:45:49,400
Speaker 1: reading from the National Review. The Pew Research Center unveiled

755
00:45:49,400 --> 00:45:51,800
Speaker 1: the National There nveiled the results of a new survey

756
00:45:52,120 --> 00:45:55,480
Speaker 1: of public attitudes and fourteen countries, including the United States

757
00:45:55,719 --> 00:45:58,080
Speaker 1: and most of the major European countries, finding that the

758
00:45:58,160 --> 00:46:03,000
Speaker 1: pandemic has seriously worsened public perceptions of China. According to

759
00:46:03,120 --> 00:46:06,080
Speaker 1: Pew Quote Today, a majority in each of the survey

760
00:46:06,200 --> 00:46:09,719
Speaker 1: countries has an unfavorable opinion of China, and in Australia,

761
00:46:09,760 --> 00:46:12,920
Speaker 1: the United Kingdom, Germany, the Netherlands, Sweden, the United States,

762
00:46:12,960 --> 00:46:17,399
Speaker 1: South Korea, Spain, and Canada, negative views have reached their

763
00:46:17,520 --> 00:46:20,920
Speaker 1: highest points since the Center began polling on this topic.

764
00:46:21,280 --> 00:46:25,080
Speaker 1: More than a decade ago. Wow, Wow, think of that

765
00:46:25,120 --> 00:46:28,319
Speaker 1: about that fourteen countries, I just rattled them all off.

766
00:46:28,400 --> 00:46:33,759
Speaker 1: Pew Research Center, seriously worsening the public perceptions of China. Uh.

767
00:46:33,960 --> 00:46:38,320
Speaker 1: And it's it's just it's remarkable. Australia in particular, and

768
00:46:38,360 --> 00:46:40,520
Speaker 1: of course we've we've talked about it briefly on this

769
00:46:40,600 --> 00:46:44,480
Speaker 1: program over the past a couple of weeks. Australian in particular.

770
00:46:44,640 --> 00:46:47,800
Speaker 1: It's just really remarkable to see that spike and of

771
00:46:47,880 --> 00:46:50,880
Speaker 1: course they had arrested, sent back that journalists and whatnot.

772
00:46:51,560 --> 00:46:53,520
Speaker 1: Remarkable to see. I'm looking at these charts right in

773
00:46:53,560 --> 00:46:55,799
Speaker 1: front of me. Remarkable to see the mistrust in China

774
00:46:56,000 --> 00:46:58,399
Speaker 1: around the world. Kevin SEREALI what's on the panel's radar

775
00:46:58,480 --> 00:47:00,440
Speaker 1: that's coming up next year? Listening to bloom or not

776
00:47:00,560 --> 00:47:34,839
Speaker 1: din one. My name is Kevin Curreli. I'm the chief

777
00:47:34,920 --> 00:47:38,759
Speaker 1: Washington correspondent for Bloomberg Television and for Bloomberg Radio. We

778
00:47:38,880 --> 00:47:41,640
Speaker 1: made It's a Friday. Never thought of would come, but

779
00:47:41,760 --> 00:47:45,080
Speaker 1: it did. And what a busy busy week, month and year,

780
00:47:45,280 --> 00:47:49,000
Speaker 1: yes year that we have all been covering. On a beautiful,

781
00:47:49,000 --> 00:47:52,319
Speaker 1: beautiful day here inside of the nation's capital. It's time

782
00:47:52,400 --> 00:47:54,840
Speaker 1: now of course for my favorite part of the program.

783
00:47:54,960 --> 00:47:57,319
Speaker 1: What is on the panel's radar? And there's so much

784
00:47:57,360 --> 00:47:59,799
Speaker 1: news to get through, never enough time. Scott Tranter, CEO

785
00:47:59,880 --> 00:48:03,480
Speaker 1: of Optimist, Eli Yoakley, senior reporter for a morning consult

786
00:48:03,560 --> 00:48:06,720
Speaker 1: new promotion, well deserved. Leuis give One journalists and senior

787
00:48:06,800 --> 00:48:12,239
Speaker 1: lecturer at John Hopkins University, Kerry Business School. Let me

788
00:48:12,320 --> 00:48:16,399
Speaker 1: I'll start with you. What is on your radar? Well,

789
00:48:16,480 --> 00:48:19,920
Speaker 1: this is on my radar. I am so inspired by

790
00:48:20,000 --> 00:48:24,560
Speaker 1: the Nobel Peace Prize United Nations World Food Program and

791
00:48:24,719 --> 00:48:28,560
Speaker 1: I love the way they put that that that the

792
00:48:28,760 --> 00:48:33,399
Speaker 1: World Food pro Program is preventing hunger from being used

793
00:48:33,440 --> 00:48:37,440
Speaker 1: as a weapon of war. And what an inspiring second

794
00:48:37,520 --> 00:48:41,480
Speaker 1: act by the executive director of the program, David Beasley,

795
00:48:41,920 --> 00:48:44,400
Speaker 1: who used to be the governor of South Carolina and

796
00:48:44,440 --> 00:48:49,520
Speaker 1: now he runs this Nobel Prize winning organization that at

797
00:48:49,600 --> 00:48:54,359
Speaker 1: one point during the pandemic was running the largest operational

798
00:48:54,520 --> 00:48:57,839
Speaker 1: airline in the world getting food out to people who

799
00:48:57,880 --> 00:49:01,640
Speaker 1: were in need. So that's what's on my radar. Congratulations

800
00:49:02,160 --> 00:49:05,279
Speaker 1: and we should also, we should we should all rise

801
00:49:05,400 --> 00:49:08,560
Speaker 1: to their inspiration. I love that that's such a brilliant one,

802
00:49:08,640 --> 00:49:11,960
Speaker 1: such a brilliant one, especially uh in in the time

803
00:49:12,760 --> 00:49:14,440
Speaker 1: a time like we find ourselves in. I mean, just

804
00:49:14,560 --> 00:49:17,000
Speaker 1: to see what the United Nations food programs have been

805
00:49:17,040 --> 00:49:19,000
Speaker 1: doing and organizations all like, and you know, I think

806
00:49:19,000 --> 00:49:21,120
Speaker 1: so much of the one campaign, uh and what they've

807
00:49:21,160 --> 00:49:23,680
Speaker 1: done with pet Far and of course what Bush World

808
00:49:23,719 --> 00:49:27,200
Speaker 1: did with pet Far when George W. Bush wasn't was

809
00:49:27,239 --> 00:49:29,640
Speaker 1: in the White House as well. Brilliant Louise, appreciate that,

810
00:49:30,160 --> 00:49:35,480
Speaker 1: Scott Chancer. What's on your radar? Obviously it's elections, one

811
00:49:35,520 --> 00:49:37,279
Speaker 1: of the one of the races or one of the

812
00:49:37,320 --> 00:49:39,640
Speaker 1: center races. No one's really looking at is the House

813
00:49:39,719 --> 00:49:41,600
Speaker 1: of Representatives. We're all looking at the Senate, in the

814
00:49:41,680 --> 00:49:45,080
Speaker 1: presidential but right now our models. You're calling me out.

815
00:49:45,239 --> 00:49:47,399
Speaker 1: Scott's calling me out on a Friday. I haven't spent

816
00:49:47,520 --> 00:49:53,120
Speaker 1: enough time on this, you know, Scott. Well, the big

817
00:49:53,239 --> 00:49:55,520
Speaker 1: the big news is for the first time ever, model,

818
00:49:55,560 --> 00:49:57,919
Speaker 1: the Democrats are gonna look to be about to net

819
00:49:58,080 --> 00:50:00,600
Speaker 1: three feets in the House, which give the position they

820
00:50:00,640 --> 00:50:02,759
Speaker 1: were in coming in today. We thought, even in a

821
00:50:02,800 --> 00:50:04,680
Speaker 1: bad year, the Republicans were going to pick up the

822
00:50:04,719 --> 00:50:07,080
Speaker 1: theater too. But if they if the Democrats pick up

823
00:50:07,120 --> 00:50:09,920
Speaker 1: three seats. Look for an interesting leadership race on the

824
00:50:09,960 --> 00:50:13,160
Speaker 1: Republican side in January that could change a lot of

825
00:50:13,200 --> 00:50:16,799
Speaker 1: things going forward. From your models, is the blue wave reel?

826
00:50:17,560 --> 00:50:18,960
Speaker 1: Is it real in the sense that there's a real

827
00:50:19,080 --> 00:50:22,400
Speaker 1: chance that Democrats could take over all three branches of government?

828
00:50:22,440 --> 00:50:26,120
Speaker 1: Scott Tranner, CEO of Optimists Republicans who advised the Rubio

829
00:50:26,160 --> 00:50:30,880
Speaker 1: for president. Yeah, in our models as of today, taking

830
00:50:30,960 --> 00:50:33,880
Speaker 1: over or keeping control of the House, taking control of

831
00:50:33,880 --> 00:50:37,280
Speaker 1: the Senate, and taking control of the presidency. The Democrats

832
00:50:37,320 --> 00:50:42,879
Speaker 1: are stating in just North Wow, that's worn flip. It's

833
00:50:42,920 --> 00:50:46,160
Speaker 1: a coin flip that there could Wow, Scott Tranner, every

834
00:50:46,200 --> 00:50:49,879
Speaker 1: time I talked to you, I learned because seriously, folks, Optimists,

835
00:50:50,120 --> 00:50:52,360
Speaker 1: they do this stuff inside and out, and just to

836
00:50:52,480 --> 00:50:55,440
Speaker 1: hear a Republican strategic firms say that it's a coin

837
00:50:55,520 --> 00:50:59,680
Speaker 1: flip for all three branches of government? Is striking, just striking?

838
00:51:00,040 --> 00:51:02,880
Speaker 1: What's what's fueling this, Scott? Is it? Is it the suburbs?

839
00:51:02,960 --> 00:51:07,160
Speaker 1: What is it? Well? Interesting? Least for the Senate, UM,

840
00:51:07,480 --> 00:51:12,560
Speaker 1: it's it's safetyat like Lindsey Graham seat and UM South

841
00:51:12,640 --> 00:51:16,600
Speaker 1: Carolina Don's Relevan seat up in Alaska seats in Montana,

842
00:51:16,680 --> 00:51:19,919
Speaker 1: seats in Iowa that are currently in play. UM, that's

843
00:51:20,000 --> 00:51:22,160
Speaker 1: that's fueling on the Democrats side. On the President's side,

844
00:51:22,200 --> 00:51:25,600
Speaker 1: we've we've spent the whole show talking about it. Um. President,

845
00:51:25,920 --> 00:51:29,920
Speaker 1: the President just lost support among seniors, lost among suburban women, UM,

846
00:51:30,120 --> 00:51:32,080
Speaker 1: lost in a lot of places. Now they're still voting

847
00:51:32,080 --> 00:51:34,760
Speaker 1: to be happen. They're still candidating to happen. But it's

848
00:51:34,800 --> 00:51:37,960
Speaker 1: not looking good right now. Okay, okay, Eli Yoakley, what's

849
00:51:37,960 --> 00:51:40,920
Speaker 1: on your radar? Well, I'm watching to see how much

850
00:51:40,920 --> 00:51:43,719
Speaker 1: more Taylor Swift makes it into your opening music here,

851
00:51:44,320 --> 00:51:47,480
Speaker 1: um to replace the Bruce Springsteen. Look, I'm gonna be

852
00:51:47,640 --> 00:51:52,000
Speaker 1: watching the offended that didn't even offend me. I'm not embarrassed.

853
00:51:52,000 --> 00:51:57,080
Speaker 1: I have no guilt their shame. I appreciate that. You know. Yeah,

854
00:51:57,480 --> 00:51:59,800
Speaker 1: well clearly, clearly you try to throw some shade and

855
00:51:59,840 --> 00:52:05,040
Speaker 1: I just said not having it on this front. Now

856
00:52:05,080 --> 00:52:07,600
Speaker 1: you're gonna bring this up and on a Friday in

857
00:52:07,719 --> 00:52:11,279
Speaker 1: the last segment and then expect me to turn a

858
00:52:11,360 --> 00:52:13,800
Speaker 1: blind eye to it, Eli Yoakley, I'm not going to

859
00:52:13,920 --> 00:52:18,000
Speaker 1: do that. Taylor, she's the reason. As you may know,

860
00:52:18,719 --> 00:52:21,600
Speaker 1: I did not know that there was no political statements

861
00:52:21,640 --> 00:52:23,840
Speaker 1: being made with my music choice. I listened to Kanye,

862
00:52:24,120 --> 00:52:27,240
Speaker 1: I listened to Taylor, I listened to all different types

863
00:52:27,320 --> 00:52:31,200
Speaker 1: of politically ideological music. So elive now. I will let

864
00:52:31,239 --> 00:52:33,279
Speaker 1: you tell me what is on your radar. My friend,

865
00:52:34,280 --> 00:52:39,399
Speaker 1: see Barata, I was so calm, Go ahead, I'm gonna

866
00:52:39,400 --> 00:52:43,800
Speaker 1: be watching these any Cony Barrett hearings next week we

867
00:52:43,880 --> 00:52:46,480
Speaker 1: saw this week, we saw a support for her nomination

868
00:52:46,600 --> 00:52:49,880
Speaker 1: up tick like nine points since the UM since the announcement,

869
00:52:49,920 --> 00:52:52,279
Speaker 1: almost half a voter to support her confirmation to the

870
00:52:52,320 --> 00:52:55,759
Speaker 1: Supreme Court. Democrats messaging about delaying the hearings until after

871
00:52:55,840 --> 00:52:59,160
Speaker 1: the election really hasn't broken through yet. UM. I think

872
00:52:59,400 --> 00:53:01,680
Speaker 1: part of this, some of our databases, that is a

873
00:53:01,760 --> 00:53:05,399
Speaker 1: lot of the news other than the president's help didn't

874
00:53:05,440 --> 00:53:08,800
Speaker 1: break through next week. And maybe ironically Donald Trump's absence

875
00:53:08,840 --> 00:53:11,680
Speaker 1: from the Amy Cony Barrett discussion because of it maybe

876
00:53:11,800 --> 00:53:15,080
Speaker 1: helped her games some support because she has grown with

877
00:53:15,239 --> 00:53:19,360
Speaker 1: independence and Republicans and Democrats, and so this will be

878
00:53:19,400 --> 00:53:22,760
Speaker 1: a big week for UM. Democrats on the Senate Judiciary Committee,

879
00:53:22,960 --> 00:53:27,120
Speaker 1: Senator schumeran and and even UM California Senator Kamala Harris

880
00:53:27,200 --> 00:53:30,720
Speaker 1: as she takes the picture seat in the Judiciary Committee

881
00:53:30,719 --> 00:53:33,279
Speaker 1: to try to make the case against Donald Trump getting

882
00:53:33,320 --> 00:53:35,680
Speaker 1: this dominee on the court. You know, it's it's it's

883
00:53:35,800 --> 00:53:39,640
Speaker 1: really really important, and especially just given the urgency that

884
00:53:39,719 --> 00:53:43,560
Speaker 1: Republicans are feeling, and especially as Scott Chancer just described

885
00:53:43,600 --> 00:53:47,040
Speaker 1: the very real possibility of a blue wave. Uh. And

886
00:53:47,680 --> 00:53:50,439
Speaker 1: it's just going to be really remarkable to see whether

887
00:53:50,560 --> 00:53:52,759
Speaker 1: or not there is any of this dramatic shift, this

888
00:53:52,920 --> 00:53:56,520
Speaker 1: dramatic shift as it relates to changing the trajectory of

889
00:53:57,000 --> 00:53:59,120
Speaker 1: of this race. I'll tell you it's on my radar.

890
00:53:59,160 --> 00:54:03,120
Speaker 1: I still can't believe, Eve believe the story. I find

891
00:54:03,160 --> 00:54:06,560
Speaker 1: it horrifying. Six accused of a plot to kidnap the governor.

892
00:54:06,600 --> 00:54:09,280
Speaker 1: We talked about it yesterday. We checked in with our Detroit,

893
00:54:09,360 --> 00:54:12,040
Speaker 1: Michigan Bureau chief. Reading from the Wall Street Journal, six

894
00:54:12,080 --> 00:54:14,960
Speaker 1: men were arrested and charged with plotting to kidnap Michigan's

895
00:54:14,960 --> 00:54:17,759
Speaker 1: governor as part of a plan to overthrow elements of

896
00:54:17,840 --> 00:54:21,120
Speaker 1: the government and attack law enforcement personnel, according to a

897
00:54:21,200 --> 00:54:25,560
Speaker 1: federal criminal complaint unsealed Thursday. The complaint says the suspects

898
00:54:25,600 --> 00:54:30,360
Speaker 1: had conducted surveillance on the summer home of Democratic Governor

899
00:54:30,440 --> 00:54:33,480
Speaker 1: Gretchen Whitmer at least twice. I didn't know this yesterday,

900
00:54:33,760 --> 00:54:38,759
Speaker 1: at least twice in preparation for an attack. Their goal

901
00:54:38,880 --> 00:54:41,640
Speaker 1: was to take miss Whitmer to a secure location in

902
00:54:41,719 --> 00:54:45,920
Speaker 1: Wisconsin and quote, try end quote her for treason before

903
00:54:46,000 --> 00:54:51,640
Speaker 1: the presidential election in November. According to the complaint, that

904
00:54:52,040 --> 00:54:57,600
Speaker 1: story to me, it is just absolutely incredibly, incredibly horrifying.

905
00:54:57,680 --> 00:55:02,360
Speaker 1: Luis Kavoni, Yeah, you know, um, yeah, horrifying. And do

906
00:55:02,360 --> 00:55:06,239
Speaker 1: you remember when all those people with guns stormed into

907
00:55:06,320 --> 00:55:11,680
Speaker 1: the Michigan legislature was also horrifying. But I think it's

908
00:55:11,719 --> 00:55:15,239
Speaker 1: really important that we continue to call them terrorists and

909
00:55:15,680 --> 00:55:22,439
Speaker 1: members of the militia. Rights. Yeah, they're there. Their self

910
00:55:22,560 --> 00:55:26,600
Speaker 1: identification is militia, and so they identify with you know,

911
00:55:26,840 --> 00:55:31,560
Speaker 1: the colonists. But no, they are they are domestic terrorists.

912
00:55:31,600 --> 00:55:34,239
Speaker 1: And let's listen. Let's listen to Governor Whittmer, because I

913
00:55:34,360 --> 00:55:35,680
Speaker 1: just was told by were pretty sure that we have

914
00:55:35,760 --> 00:55:38,640
Speaker 1: a sound. But here's Governor Gretchen Whitmer speaking earlier. Here

915
00:55:38,680 --> 00:55:42,359
Speaker 1: she is this White House has a duty to call

916
00:55:42,480 --> 00:55:44,480
Speaker 1: it out, and they won't do it. In fact, they

917
00:55:45,080 --> 00:55:48,640
Speaker 1: encourage it. And that's precisely. Why is a country we

918
00:55:48,760 --> 00:55:51,600
Speaker 1: have a choice between an incredibly decent human being and

919
00:55:51,719 --> 00:55:54,520
Speaker 1: Joe Biden and what we've seen in the last four years.

920
00:55:55,080 --> 00:55:57,719
Speaker 1: So there you have it. I mean Governor Whittmer meeting

921
00:55:57,760 --> 00:56:02,600
Speaker 1: earlier today with doctor Jill Biden in Michigan. Mind you,

922
00:56:02,719 --> 00:56:06,200
Speaker 1: as this story has just really rocked, rocked the battleground

923
00:56:06,239 --> 00:56:09,680
Speaker 1: state of Michigan. My thanks to Scott Tranners, CEO of Optimist,

924
00:56:09,719 --> 00:56:12,319
Speaker 1: former JATA science director from Mark Ruby over president, who

925
00:56:12,400 --> 00:56:15,520
Speaker 1: I also think could be running again for Scott Yes

926
00:56:15,600 --> 00:56:20,359
Speaker 1: or no? Willie? Yeah, yeah, Okay, we heard it there.

927
00:56:22,040 --> 00:56:24,800
Speaker 1: You didn't even dodge. Didn't even dodge me. I appreciate that.

928
00:56:24,880 --> 00:56:30,320
Speaker 1: Tell him to come on reporter, but yeah I don't. Luis,

929
00:56:30,800 --> 00:56:33,560
Speaker 1: all right, Luis Kiavoni, thank you. And Eli, this is

930
00:56:33,600 --> 00:56:35,279
Speaker 1: for you. This is Kanye West, just to prove the

931
00:56:35,320 --> 00:56:37,120
Speaker 1: point that I can play Taylor and Kanye on the show.

932
00:56:37,400 --> 00:56:40,120
Speaker 1: Thank you so much. Eli Yokley, senior reporter covering politics

933
00:56:40,200 --> 00:56:46,719
Speaker 1: at Morning Consult. You're listening to Bloomberg. Thank you.