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Speaker 1: Live 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 from the United States relationship with China?

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

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

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

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

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

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

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Speaker 1: m h D two shutdown extended through June eight. This

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Speaker 1: as we await Maryland Governor Hogan to announce his plans.

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Speaker 1: We will go right to that newscast news conference as

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Speaker 1: it starts from Governor Hogan. He's going to allow hard

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Speaker 1: hit localities to opt out of reopening this as Governor

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Speaker 1: Ralph Northam, Democrat of Virginia, extending the Northern Virginia shutdown

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Speaker 1: through the end of May at least all of the

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Speaker 1: latest on that front. My name is Kevin Cerelli. I'm

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Speaker 1: the chief Washington correspondent for Bloomberg television and for Bloomberg Radio,

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Speaker 1: and we have been listening to dueling developments both from

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Speaker 1: Maryland Governor Larry Hogan, a Republican, who says that he

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Speaker 1: is now lifting Maryland's stay at Home order and turning

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Speaker 1: it into a stay at Home Advisory, effective Friday at

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Speaker 1: five pm Eastern. Then we just heard from President Trump

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Speaker 1: as he says states have to continue to grapple with

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Speaker 1: the best possible way for them to open the states,

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Speaker 1: but that eventually America has to get back to work.

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Speaker 1: I was on Capitol Hill today, my first time in

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Speaker 1: the halls of Congress in more than two months, and

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Speaker 1: I interviewed Congressman Jim Jordan's a Republican from Ohio, and

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Speaker 1: he is, he's there. He was not wearing a mask,

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Speaker 1: you know, he's he was. He's on the one of

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Speaker 1: the oversight committees with regards to the economic stimulus, and

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Speaker 1: he says, we got to reopen. He thinks that every

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Speaker 1: lawmaker should be in the halls of Congress and that

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Speaker 1: they should be voting, not virtually, but in person and

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Speaker 1: trying to come up with standards. Joining us on the line.

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Speaker 1: Michael Steele, chairman of the US Vote Foundation and former

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Speaker 1: Lieutenant governor of Maryland and former r n C chairman.

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Speaker 1: It is a pleasure, sir to have you on my show.

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Speaker 1: Thank you. I just want to get your your response

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Speaker 1: to what Governor Hogan is doing. Where we just heard

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Speaker 1: from President Trump and Speaker Pelosi trying to vote on

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Speaker 1: an economic stimulus bill by this week. A lot of developments,

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Speaker 1: Michael Steele, There's a lot. It's great to be with you,

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Speaker 1: by the way, happy to spend a little bit of time. Um,

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Speaker 1: So there's a lot. So let's unpack um with Nancy Pelosi.

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Speaker 1: She's going to push forward on her efforts to try

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Speaker 1: to get UM something at East in front of McConnell's

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Speaker 1: so that it sort of forces the conversation because of

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Speaker 1: the the impact that's you know, a lot of businesses

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Speaker 1: across the country, especially small businesses, are experiencing families, the unemployment,

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Speaker 1: uh nature of everything. So the Dems want to try

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Speaker 1: to push another three trillion dollars into uh uh consideration.

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Speaker 1: That's going to be a tough lift. Um, there's no

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Speaker 1: doubt about it. McConnell um, along with a few other Republicans,

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Speaker 1: are now beginning to recognize a full scale impact of

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Speaker 1: what will ultimately be somewhere over six trillion dollars added

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Speaker 1: to the nation's um balance sheets. UM that they have

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Speaker 1: no way of paying for. So there's that. UM. Then

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Speaker 1: of course the president go ahead, Yeah, you know, that's

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Speaker 1: the reality of it. Who's paying for this? The president

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Speaker 1: of course, UM still uh pushing to open up the

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Speaker 1: economy and saying, yeah, the governor should make these decisions

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Speaker 1: on a state by state and even within states, county

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Speaker 1: by county bases. UM. That that seems to have taken on, uh,

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Speaker 1: not so much urgency, but I guess become a part

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Speaker 1: of the new reality as witnessed today by Governor Hogan

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Speaker 1: here in the state of Maryland, who has now moved

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Speaker 1: from a stay at home order to a stay at

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Speaker 1: home advisory beginning to Friday. UM. But all of that,

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Speaker 1: the backdrop still remains testing too, to quote Nancy Pelosi,

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Speaker 1: testing testing, testing, Um, where is the national testing I,

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Speaker 1: along with a lot of the folks to get the

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Speaker 1: idea of opening up the economy. Yes, absolutely, I love

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Speaker 1: to go back to work. I'd love to um, get

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Speaker 1: back into the swing of things and and and you know,

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Speaker 1: get get ahead of the bills as opposed to behind them.

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Speaker 1: But I also like being healthy, and I'm not so

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Speaker 1: sure that the guy I'm standing next to, of the

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Speaker 1: gal that's coming in the room um is as concerned

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Speaker 1: about the health as I am, so tot up to overcome.

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Speaker 1: Let me ask you a follow up on that. And

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Speaker 1: actually earlier this week we heard were and we're going

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Speaker 1: to continue this topic tomorrow and contact tracing and artificial

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Speaker 1: intelligence and technology and how to you know, constitutional rights

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Speaker 1: balance that with with knowing who your neighbor has been

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Speaker 1: associating with and whatnot. But I want to ask you

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Speaker 1: on this point because I thought what Governor Hogan said,

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Speaker 1: Larry Hogan, Republican, and what he had to say Michael Steele,

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Speaker 1: former chairman of the r n C. I thought what

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Speaker 1: he had to say was really interesting because he didn't say, Hey,

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Speaker 1: everybody go out there and flood, you know, go up

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Speaker 1: to the restaurants and and you know, pack the churches.

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Speaker 1: He said, this is still real. The advisory is still

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Speaker 1: stay at home, but it's up to every individual to

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Speaker 1: weigh their level of comfort, their level of social distancing,

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Speaker 1: but also to slowly begin to reopen the economy. That

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Speaker 1: to me makes sense, Michael Steele. It does make sense.

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Speaker 1: But here's you know, the governor, like a lot of

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Speaker 1: governors that are having to walk this very fine line,

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Speaker 1: you know, starting with the President sort of stoking those

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Speaker 1: passions out there, UM with you know, going after the

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Speaker 1: governor's of Wisconsin, in Washington, etcetera. In Maryland for their

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Speaker 1: stay at home orders. They've had to walk this very

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Speaker 1: fine line between the science and the need uh to

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Speaker 1: you know, to open up the economy. And that's that's

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Speaker 1: very hard. Look. We know, in one sense we avoid

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Speaker 1: it UM a bullet with respect to the full scale

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Speaker 1: impact our hospitals and health health care system because they

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Speaker 1: decided let's just shut everything down as quickly as we could.

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Speaker 1: The concerns still remains that what could come, and that's

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Speaker 1: what the doctors in the scientists are saying that this

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Speaker 1: is not over UM. And until you really have a

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Speaker 1: full throated testing regiment in place that's verifiable and accurate,

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Speaker 1: you just don't know. So there's that. And here's the

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Speaker 1: other piece that I think a lot of people, UM,

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Speaker 1: you know who's have been flouting this UM I think

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Speaker 1: without regard to others and their safety. UM. The fact

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Speaker 1: of the matter is people who have decided I'm seventy

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Speaker 1: plus percent of American people like, you know what, I'm good. Yes,

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Speaker 1: I'd like to go back to work, but I'd rather

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Speaker 1: not have to risk my grandparents and my parents and

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Speaker 1: my own health, let alone my children, um, just to

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Speaker 1: get back to the office or or to open up

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Speaker 1: the business. So as these restaurants and in these places,

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Speaker 1: these public spaces are opening, what are we finding People

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Speaker 1: aren't showing up, People aren't flocking go to a go

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Speaker 1: to a baseball game, or go to a restaurant. Um,

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Speaker 1: they're perfectly fine. I can order out, you know, and

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Speaker 1: that's not a problem. So all of this bad rush

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Speaker 1: to open the economy, I think people are gonna be

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Speaker 1: stunned to see that folks aren't going to show up.

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Speaker 1: It's almost a reverse um, you know, feel the dream,

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Speaker 1: build it and they don't come. And and that's and

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Speaker 1: I think that that's something that no one's really taking

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Speaker 1: into account right now in this rush the American people.

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Speaker 1: Listen to what they're telling you, of the American people

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Speaker 1: are like, you know, I don't need to rush back

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Speaker 1: right now. And governors who have opened up prematurely, open

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Speaker 1: their states up prematurely, are beginning to see that reflected

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Speaker 1: in their standing with their people at all. All right,

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Speaker 1: I want to pivot to politics, especially this issue of

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Speaker 1: mail in voting. You are the chairman of the US

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Speaker 1: of the US Vote Foundation. There's I don't even know

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Speaker 1: what to make it this or am I going to

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Speaker 1: go to a poll come November? Or am I going

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Speaker 1: to mail in my ballot? Well, you should have in

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Speaker 1: probably the best case scenario, you should have both options

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Speaker 1: available to your meaning that yeah, there may be you know,

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Speaker 1: we've had some let up in in coronavirus that hasn't

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Speaker 1: been another spike, and the polls are available to you,

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Speaker 1: but you also, because of your circumstances, situation, or just

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Speaker 1: your general concernati for your health, have the option of

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Speaker 1: writing your Board of Elections or going online requesting an

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Speaker 1: absentee ballot having sent to you or delivered to you online,

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Speaker 1: printed out, fill it out, and mail it back. UM.

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Speaker 1: Worst case scenarios that we're back into a full throated uh,

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Speaker 1: you know, resurgence of coronavirus, and then what UM, at

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Speaker 1: least the states have them would have put in place

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Speaker 1: or built into place the infrastructure to allow for uh

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Speaker 1: you know, a significant portion of their voting population to

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Speaker 1: actually receive their ballots at home. And that's all we're

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Speaker 1: asking is that the states, the states be allowed to

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Speaker 1: put those structures there so that the personnel the count

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Speaker 1: of votes. I mean, look, the California primary special election

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Speaker 1: took place last night. We don't have a result. Why

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Speaker 1: because they've got a count the ballots. That requires man

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Speaker 1: and woman power to do that. So you've got to

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Speaker 1: be able to have those people available. They've got to

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Speaker 1: be situated in a safe space so that they can

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Speaker 1: count those ballots. All that's got to be taken into consideration.

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Speaker 1: So a lot of us have been pushing this four

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Speaker 1: hundred million dollars that the Congress allocated in the last

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Speaker 1: simbulance bill. We like to see close to four billion

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Speaker 1: dollars allocated because that's really what it's going to take. You.

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Speaker 1: We don't expect this to happen overnight. Um, this is

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Speaker 1: not permanent, but at least we're smart enough to recognize

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Speaker 1: the Constitution doesn't allow for postponement of this election, so

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Speaker 1: it can happen. Can I can I can I ask

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Speaker 1: like and I really appreciate your time. Michael Steele, Chair

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Speaker 1: of the US Foundation, he's the former Lieutenant governor of Maryland,

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Speaker 1: and of course the former r n C chairman. But

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Speaker 1: I just want to kind of quickly ask you a

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Speaker 1: couple of questions on this topic, because it is so

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Speaker 1: intriguing and fascinating. You said, we we don't expect this overnight.

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Speaker 1: Can we expect it by November? Can we expect our

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Speaker 1: our infrastructure to change by November? To really have this?

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Speaker 1: Because I've got visions of hanging Chad's I've got visions,

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Speaker 1: and I've got visions of the Iowa Caucus remember that

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Speaker 1: tobaccle just a cup of the months ago. It's like

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Speaker 1: another ye. But you also have the vision of Wisconsin.

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Speaker 1: The part right, So, so which world? Which world do

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Speaker 1: you want to try to conquer? I think it's I

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Speaker 1: think it's while it's still difficult, easier world to conquer

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Speaker 1: is to put some level of infrastructure in place to

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Speaker 1: at least be able to accommodate those who want to

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Speaker 1: vote by mail or stay at home. UH. States that

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Speaker 1: require you get a notre a notary republican, states that

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Speaker 1: require you have to have two signatures, Why when do

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Speaker 1: you have time? Where do you get that um? And

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Speaker 1: and particularly how did the elderly go about doing that

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Speaker 1: if they're in the states that requires that, but they

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Speaker 1: can't leave their home were they are afraid to leave

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Speaker 1: their homes. So look, it's no, it doesn't have It's

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Speaker 1: not gonna happen overnight. We know that, but it can,

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Speaker 1: at least to some great degree get put in place.

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Speaker 1: And we're just asking that everyone kind of move having

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Speaker 1: and earth and everything in between to get it done,

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Speaker 1: because you know, one of the most important features of

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Speaker 1: our constitution is the right for individuals to exercise the franchise.

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Speaker 1: Final question for you, because you know whose opinion is

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Speaker 1: really important for this upcoming election is the new US

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Speaker 1: postmaster And he's a Republican donor. He's Lewis de Joy

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Speaker 1: is his name, Uh, And he is I would argue,

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Speaker 1: one of the most important people in this conversation. What

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Speaker 1: do we know about him and where he stands on this, Well,

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Speaker 1: we don't know a lot. I think there are a

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Speaker 1: lot of assumptions made that you know, because he's a

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Speaker 1: Republican donor, uh, and his background does not necessarily live

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Speaker 1: itself to the postal service, um that he's going to

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Speaker 1: be you know, sort of lock stuff with where the

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Speaker 1: president is on something like this is on something like this.

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Speaker 1: I don't know if that's necessarily true. Look, the postal

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Speaker 1: system is a very very important part of this. Uh.

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Speaker 1: We at the US Vote Foundation have been involved with

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Speaker 1: vote by mail and overseas ballots for over twenty years

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Speaker 1: making sure that our men and women in uniform as

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Speaker 1: well as expats who live abroad still are able to

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Speaker 1: exercise their rights under our constitution. And a big part

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Speaker 1: of that and why that has been able to happen

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Speaker 1: is because of the U. S Postal Service making sure

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Speaker 1: that those ballots get process through the mail so they

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Speaker 1: can get to the respective state Board of Elections in

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Speaker 1: time to be duly counted, uh and registered. And I

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Speaker 1: hope and I expect. Uh No, I don't hope. I

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Speaker 1: expect the Postmaster General to do that. Um. This is

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Speaker 1: probably the least partisans job in government, and for heaven's sake,

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Speaker 1: don't make it make it partisan because of some crazy

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Speaker 1: notion that, oh yeah, this is going to impact the election.

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Speaker 1: What will impact the election is the inability of people

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Speaker 1: to vote, not their ability to access the ballot. Still,

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Speaker 1: you know what else used to be a nonpartisan job.

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Speaker 1: The Chairman of the Fed Michael Steel. Everybody, You're welcome anytime,

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Speaker 1: my friend. Thanks so much for making the time for

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Speaker 1: me on the day like today. Michael Steel, chairman of

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Speaker 1: the U s BO Foundation, former Lieutenant Governor of Maryland,

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Speaker 1: and of course the former r N Seed chairman. Remember

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Speaker 1: those days, Janet Yellen and the Lakes and all of

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Speaker 1: the Alan greenspan. Patrick Murphy's on Allileanton down to Florida.

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Speaker 1: Who I'm Kevin Sireli. Let's reset first. I'm Kevin Sireli,

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Speaker 1: Chief Washington courseponder for Bloomberg TV and for Bloomberg Radio

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Speaker 1: covering a dizzying day out of the nation's capital. So

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Speaker 1: many different headlines flying out of Washington, d C and

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Speaker 1: the d m V area a study. In contrast, Mayor

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Speaker 1: Bowser of Washington, d C. A progressive, announcing that the

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Speaker 1: stay at home order is going to continue until the

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Speaker 1: first week of June. Meanwhile, just within the last hour,

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Speaker 1: Govern Larry Hogan, Republican of Maryland saying he's gonna change

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Speaker 1: the shelter in place order to a shelter in Place advisory,

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Speaker 1: effective Friday at five pm. Patrick Murphy is a former

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Speaker 1: Democratic Congressman, joining us on the telephone from Florida, Patrick,

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Speaker 1: what's going on in Florida? Where do you thinks? Stand there?

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Speaker 1: How you doing, Kevin? It sounds like you haven't waged

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Speaker 1: too much fun. Man. You know what it's been. It's

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Speaker 1: been like a winter of May. There's been wind, you know,

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Speaker 1: there's been like freezing temperatures. I had the heat on

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Speaker 1: last night. But this is the first nice day and

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Speaker 1: as long as I can remember, so anytime the sun's out,

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Speaker 1: I'm smiling. Go ahead, Patrick, Okay, good, good, good, well,

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Speaker 1: good to hear your voice. Uh. Look, things in Florida,

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Speaker 1: you know, relatively speaking, aren't nearly as bad as as

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Speaker 1: they've gotten in quite a few other states. Um, you know,

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Speaker 1: it's it's almost a tale of two states. Uh. In

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Speaker 1: South Florida, where I'm out at, things are still shut down.

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Speaker 1: No restaurant. That's gonna change early next week. But as

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Speaker 1: you get you know, more north into the state, it's uh,

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Speaker 1: you know, back to back to business, albeit slower pace

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Speaker 1: than certain restrictions. But um, you know, people are very

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Speaker 1: optimistic down here. So as you navigate this, I mean,

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Speaker 1: and and you're you're a centrist, I mean and and

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Speaker 1: as you navigate this from a business perspective. What are

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Speaker 1: the trends that you're noticing, because there's just so much

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Speaker 1: conflicting messaging coming from politicians of all different political stripes

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Speaker 1: and and what we're hearing from from state and local officials. Well,

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Speaker 1: I'll address to sort of bases, and they're of course connected,

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Speaker 1: you know, economically first, because you know, people vote with

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Speaker 1: their pocketbooks. Um, I'm more bearished unfortunately, especially in places

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Speaker 1: like Florida that are largely driven by tourism. Uh. You know,

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Speaker 1: COVID hit at the end of our season. Uh, you know,

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Speaker 1: not great timing for us, and we are entering the

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Speaker 1: slow season here with summer and buying by the time

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Speaker 1: we start coming you know out of this coming out

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Speaker 1: of some coming out of COVID. Uh, it's election time

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Speaker 1: and we unfortunately down here have especially in cities like Orlando,

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Speaker 1: minding been hit really hard with this, hotels being shuttle,

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Speaker 1: of them talking about not opening or lopening since limited

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Speaker 1: capacity doesn't even make sense to open. A lot of

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Speaker 1: my friends that owned restaurants are either going under a

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Speaker 1: really worried about what the next steps are for them

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Speaker 1: with such limited capacity to cruise ships, uh, tourism, etcetera.

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Speaker 1: Disney hurting so bad. This has has has all sorts

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Speaker 1: of unintended consequences throughout the economy. So you couple that

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Speaker 1: with a entirely broken unemployment system here in Florida, millions

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Speaker 1: of Floridians applying for unemployment haven't even heard back from

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Speaker 1: the state. Uh, with the fact that the request has

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Speaker 1: even been heard, or that the money is on the way,

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Speaker 1: They're just in complete silence. So you've got a lot

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Speaker 1: of really upset people. As you know, politically in Florida,

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Speaker 1: it is a toss up state. You'd go all the

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Speaker 1: way back to you know, your two thousand. I'm sure

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Speaker 1: we all remember that election decided by like, you know,

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Speaker 1: five votes, right exactly President you know Bush, you know,

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Speaker 1: barely one, and then you know Obama one and then

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Speaker 1: Trump won in sixteen, the last electioneen, we had two

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Speaker 1: statewide elections decided by point two and point four percent.

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Speaker 1: So in a state that that is just so historically

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Speaker 1: so close, uh, this many unemployed people, I think it's

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Speaker 1: really starting to lean in favor of Vice President Biden.

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Speaker 1: And I think that could probably said for a lot

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Speaker 1: of other swing states like Michigan, Wisconsin, Pennsylvania, Ohio. That

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Speaker 1: Why is that? Why do you think that is because

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Speaker 1: he hasn't been He's been in his basement bunker. Go ahead, Yeah,

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Speaker 1: you know, I think in large part, uh, you have

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Speaker 1: a lot how to speak for Florida specifically, Um, you know,

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Speaker 1: two poles for the Vat's worth nowadays are showing Biden

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Speaker 1: in the league. Uh. You have a lot of seniors

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Speaker 1: that are that are starting to lose faith and President Trump.

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Speaker 1: You know, you you rewind the tape in a lot

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Speaker 1: of folks weren't excited about either candidate sort of held

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Speaker 1: their nose and voted for President Trump, hoping the quote

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Speaker 1: unquote business person would would fix things hasn't worked out.

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Speaker 1: People are upset. We're gonna have record unemployment going into

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Speaker 1: this election. And as I said, people vote with their pocketbook.

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Speaker 1: So people, I think want a stable hand. They want

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Speaker 1: to steady hand. They want someone that they know, uh,

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Speaker 1: and someone that's capable of fiction things. I mean, Vice

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Speaker 1: President Biden has has a great record dating back to

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Speaker 1: you know, two thousand nine. Him and President Obama were

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Speaker 1: in office for fixing and recovering a broken economy. And unfortunately,

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Speaker 1: you know, he's gonna have to do just that again.

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Speaker 1: So I think it's that steady hand that people are

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Speaker 1: gonna be looking for. Uh no more rolling the dice

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Speaker 1: on on an office of this importance. Hey, Patrick, are

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Speaker 1: you guys able to go on the boats down there?

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Speaker 1: Or they shut that you only just rub it in

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Speaker 1: and tell you all about it. We're not. I've been

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Speaker 1: able to. I've been able to go fishing and yeah, gosh,

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Speaker 1: you know what. See it's because it must be nice

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Speaker 1: to be a Floridian here that Washington. But I guess,

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Speaker 1: I guess if they're lifting stuff, the end is the

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Speaker 1: end of this might be your gradual, gradual ascent. Patrick Murphy,

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Speaker 1: thank you, my friend, for calling and appreciate it. Good

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Speaker 1: to catch up with you, and I'm glad to hear

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Speaker 1: you're doing well. Former Democratic Congressman of Florida. He's joined

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Speaker 1: the beaches, he's on the boat fish and casting his line.

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Speaker 1: Can we do that in the Potomac. I'm Kevin Surley.

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Speaker 1: Download the Bloomberg down On podcast on APPLEI jians of

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Speaker 1: Bloomberg dot com by downloading the Bloomberg Business app. You

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Speaker 1: can also find me on Radio dot com, I Heart

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Speaker 1: Radio and Spotify. Thanks for listening. Much more coming tomorrow

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Speaker 1: including an interview for Congressman Jim Jordan's You're Listening To

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Speaker 1: Bloomberg one