1 00:00:00,360 --> 00:00:03,080 Speaker 1: Why from our nation's camera. This budget thing is going 2 00:00:03,120 --> 00:00:05,560 Speaker 1: to do nothing Space Force. I still think it's interesting 3 00:00:05,559 --> 00:00:08,880 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,039 --> 00:00:14,960 Speaker 1: Politics colliding Floomberg Sound On, the Insiders, the influencers, the insides. 5 00:00:15,080 --> 00:00:17,360 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,360 --> 00:00:20,520 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,520 --> 00:00:22,919 Speaker 1: than it looked in. President Trump was sent here to 8 00:00:22,960 --> 00:00:26,480 Speaker 1: smash conventional norms in a sense Bernie Sanders has already was. 9 00:00:27,000 --> 00:00:31,600 Speaker 1: This is Bloomberg Sound On with Kevin Surrel on Bloomberg 10 00:00:33,040 --> 00:00:36,720 Speaker 1: one oh five point seven h D two stock surge 11 00:00:36,840 --> 00:00:40,640 Speaker 1: on bets at Central banks will take action on the coronavirus. 12 00:00:40,680 --> 00:00:44,480 Speaker 1: The latest policy behind the Corona virus is the SMP 13 00:00:44,600 --> 00:00:48,080 Speaker 1: five hundred valleyed four point six percent. Afternoons at the 14 00:00:48,120 --> 00:00:51,120 Speaker 1: Group of seven Finance Ministers and Central bankers will hold 15 00:00:51,159 --> 00:00:55,640 Speaker 1: a teleconference on Tuesday to discuss how to respond to 16 00:00:56,160 --> 00:00:59,200 Speaker 1: the Corona virus. Luke Kawa is going to join it 17 00:00:59,240 --> 00:01:00,440 Speaker 1: to the top of the show. It's to break it 18 00:01:00,520 --> 00:01:05,000 Speaker 1: down Bloomberg's very own luke Kawa and then Biden World 19 00:01:05,200 --> 00:01:08,240 Speaker 1: poise for a big Super Tuesday. Amy Kloba Char's out, 20 00:01:08,280 --> 00:01:11,920 Speaker 1: She's back in Joe Biden. And then of course, uh, 21 00:01:12,000 --> 00:01:14,679 Speaker 1: Pete buddhag Edge dropping out in the apes reporting that 22 00:01:14,720 --> 00:01:17,640 Speaker 1: he's also backing Joe Biden. This fresh off of the 23 00:01:17,640 --> 00:01:20,320 Speaker 1: South Carolina win for the former Vice president. What does 24 00:01:20,360 --> 00:01:22,199 Speaker 1: it mean for the rest of the pack. We're gonna 25 00:01:22,240 --> 00:01:24,279 Speaker 1: dive into that. I was in Delco over the weekend 26 00:01:24,319 --> 00:01:27,039 Speaker 1: and the news kept flying as the results from South 27 00:01:27,080 --> 00:01:30,559 Speaker 1: Carolina kept coming in, And like we were talking about 28 00:01:30,640 --> 00:01:34,319 Speaker 1: last week, we've already seen folks, some some candidates drop 29 00:01:34,360 --> 00:01:38,160 Speaker 1: out of the race. What what is shocking and newsworthy 30 00:01:38,319 --> 00:01:41,160 Speaker 1: is that they're actually going right to former Vice President 31 00:01:41,240 --> 00:01:45,440 Speaker 1: Joe Biden. Amy Klobachar, Pete buddhag Edge headed to Dallas. 32 00:01:45,480 --> 00:01:48,320 Speaker 1: They're set to endorse Joe Biden on the eve of 33 00:01:48,360 --> 00:01:50,600 Speaker 1: Super Tuesday. So a lot of politics to get through. 34 00:01:50,800 --> 00:01:53,840 Speaker 1: But we begin tonight with the markets and the coronavirus. 35 00:01:54,080 --> 00:01:55,880 Speaker 1: And that's why I'm so glad I have my buddy 36 00:01:55,880 --> 00:01:59,720 Speaker 1: and colleague, Luke Cowa on the phone. He is Bloomberg 37 00:01:59,760 --> 00:02:03,880 Speaker 1: Crawl us asset reporter, Luke. Busy times for you. I'm 38 00:02:03,880 --> 00:02:06,559 Speaker 1: gonna read right now from the Bloomberg terminal. By Randall 39 00:02:06,640 --> 00:02:11,040 Speaker 1: Jensen's reporting, US stocks surged the most in fourteen months, 40 00:02:11,080 --> 00:02:14,520 Speaker 1: as investors gained confidence that the stewards of the world's 41 00:02:14,600 --> 00:02:18,519 Speaker 1: largest economies would act in concert to offset any impact 42 00:02:18,600 --> 00:02:21,919 Speaker 1: from the spreading coronavirus. The SMP five hundred valued four 43 00:02:21,960 --> 00:02:25,359 Speaker 1: point six percent. And tomorrow the Group of Seven Finance 44 00:02:25,440 --> 00:02:28,920 Speaker 1: Ministers and central bankers they're gonna have as teleconference on 45 00:02:28,960 --> 00:02:33,160 Speaker 1: Tuesday tomorrow. So, Luke, you know Friday, we end the 46 00:02:33,200 --> 00:02:36,880 Speaker 1: week so much volatility. What does it mean? It looks 47 00:02:36,919 --> 00:02:40,760 Speaker 1: like the the economists and the powers that be in 48 00:02:40,800 --> 00:02:43,359 Speaker 1: the G seven are saying that they understand, they hear 49 00:02:43,400 --> 00:02:46,079 Speaker 1: the message, and they're gonna come out with something tomorrow. 50 00:02:46,120 --> 00:02:50,000 Speaker 1: What are they gonna do? Yeah, right now the transition 51 00:02:50,040 --> 00:02:51,639 Speaker 1: to the hope phase, or at least that's going to 52 00:02:51,720 --> 00:02:54,720 Speaker 1: be our expost rationalization of what's happened here. You know, 53 00:02:54,880 --> 00:02:58,400 Speaker 1: in markets, after a certain point, when you go down 54 00:02:58,400 --> 00:03:01,200 Speaker 1: so violently, so fat, you're going to have a move 55 00:03:01,240 --> 00:03:04,040 Speaker 1: in the other direction that's going to be equally violent. 56 00:03:04,080 --> 00:03:06,800 Speaker 1: And that's you should either either trust the move or 57 00:03:06,840 --> 00:03:12,360 Speaker 1: the or the explanation for whenever you get hit rock bottom, 58 00:03:12,360 --> 00:03:14,079 Speaker 1: you can come back up and make it come back. 59 00:03:14,120 --> 00:03:16,920 Speaker 1: I'm ready for the comeback. Go ahead, Luke. Yeah, no, 60 00:03:16,960 --> 00:03:19,600 Speaker 1: it's it's it's a robber band factor here, right. And like, 61 00:03:20,000 --> 00:03:22,440 Speaker 1: the one thing that has been the question mark for 62 00:03:22,480 --> 00:03:25,400 Speaker 1: a long time though about this is that can we 63 00:03:25,440 --> 00:03:28,160 Speaker 1: really trust central bankers? Are central bankers really going to 64 00:03:28,160 --> 00:03:31,480 Speaker 1: be able to fix this problem? You know, rate cuts 65 00:03:31,520 --> 00:03:35,080 Speaker 1: don't care to These rate cuts don't equal vaccine. So 66 00:03:35,200 --> 00:03:38,280 Speaker 1: the fact that it's both the monetary policymakers that seem 67 00:03:38,360 --> 00:03:40,480 Speaker 1: to be uh, you know, getting off the couch and 68 00:03:40,520 --> 00:03:43,640 Speaker 1: coordinating efforts towards this, but it will also be more 69 00:03:43,680 --> 00:03:46,520 Speaker 1: on the fiscal side, kind of getting together and kind 70 00:03:46,520 --> 00:03:48,720 Speaker 1: of unified effort there. That's what's going to be more 71 00:03:48,760 --> 00:03:51,640 Speaker 1: important here because you know, when it comes down to it, 72 00:03:52,120 --> 00:03:55,080 Speaker 1: the ultimate good news for the market is going to 73 00:03:55,120 --> 00:04:00,200 Speaker 1: be related to positive news surrounding the either containments or 74 00:04:00,200 --> 00:04:03,160 Speaker 1: the or the cure for a coronavirus. This is how 75 00:04:03,280 --> 00:04:05,360 Speaker 1: this is how this ends. It does not end with 76 00:04:05,480 --> 00:04:08,360 Speaker 1: the rate. Luke cow was on the line. He's Bloomberg's 77 00:04:08,560 --> 00:04:13,200 Speaker 1: cross asset reporter. He's all over Bloomberg television these days. Luke, So, 78 00:04:13,360 --> 00:04:17,279 Speaker 1: are there any sectors of the industry. Of the markets 79 00:04:17,320 --> 00:04:22,839 Speaker 1: that are actually performing well as a result of the coronavirus, well, 80 00:04:22,880 --> 00:04:25,080 Speaker 1: one thing that has done kind of well is generally 81 00:04:25,480 --> 00:04:28,320 Speaker 1: exchange providers are a lot of cases, especially the ones 82 00:04:28,400 --> 00:04:30,320 Speaker 1: that are you know, linked to volatility, the fact that 83 00:04:30,320 --> 00:04:32,560 Speaker 1: there's going to be a lot more trading, a lot 84 00:04:32,640 --> 00:04:35,760 Speaker 1: more demand for protection trading. The option that has helped 85 00:04:35,800 --> 00:04:39,040 Speaker 1: a few companies, but you know, buy and large been 86 00:04:39,120 --> 00:04:42,599 Speaker 1: a necessarily bad news story across the board. And in fact, 87 00:04:42,640 --> 00:04:45,440 Speaker 1: like last week, if we're talking about just the breadth 88 00:04:45,520 --> 00:04:48,320 Speaker 1: of the sell off, how many stocks are selling off 89 00:04:48,440 --> 00:04:51,480 Speaker 1: versus how many are advancing, we had the worst cumulative 90 00:04:51,600 --> 00:04:55,320 Speaker 1: five days stretch ever on record. That that just goes 91 00:04:55,320 --> 00:04:58,599 Speaker 1: to show you just how pervasive this was across the 92 00:04:58,640 --> 00:05:01,120 Speaker 1: board last week. And that's why, you know, when we 93 00:05:01,200 --> 00:05:03,719 Speaker 1: kind of get this reflex in the other way, even 94 00:05:03,720 --> 00:05:06,360 Speaker 1: though you know this the magnitude is quite amazing, there's 95 00:05:06,400 --> 00:05:08,640 Speaker 1: going to be people that will continue to be skeptical 96 00:05:08,680 --> 00:05:10,960 Speaker 1: about this. All right. So that's what the markets are doing, 97 00:05:11,000 --> 00:05:13,680 Speaker 1: and the Group of Seven. President Trump again speaking to 98 00:05:13,720 --> 00:05:17,800 Speaker 1: reporters over the weekend addressing this, and he's again to 99 00:05:17,960 --> 00:05:21,000 Speaker 1: reporters at the White House earlier today, the global debt 100 00:05:21,000 --> 00:05:24,000 Speaker 1: told Luke has from the virus has surpassed three thousand, 101 00:05:24,279 --> 00:05:26,599 Speaker 1: and the US cases climbed over the weekend, with the 102 00:05:26,600 --> 00:05:29,400 Speaker 1: first infections appearing in New York City, Brussels, and Berlin. 103 00:05:29,839 --> 00:05:32,600 Speaker 1: I'm reading a course from the terminal UH and positive 104 00:05:32,640 --> 00:05:35,120 Speaker 1: tests in Italy jump by more than five hundred to 105 00:05:35,240 --> 00:05:37,799 Speaker 1: one thousand, six hundred and ninety four on Sunday, forty 106 00:05:37,800 --> 00:05:41,559 Speaker 1: one deaths in Italy. I mean, are the markets hearing 107 00:05:41,560 --> 00:05:45,760 Speaker 1: what they need to be hearing from Washington? Treasury Secretary 108 00:05:45,760 --> 00:05:49,320 Speaker 1: Stephen Manusian is going to be testifying tomorrow on Capitol 109 00:05:49,400 --> 00:05:54,239 Speaker 1: Hill about the economy but also coronavirus. Are our traders 110 00:05:54,240 --> 00:05:57,279 Speaker 1: hearing what they need from Washington on this? A buy 111 00:05:57,320 --> 00:06:01,080 Speaker 1: and large note that's many kind of consistent feature throughout 112 00:06:01,800 --> 00:06:06,560 Speaker 1: throughout this story is that in general, the President's focus 113 00:06:06,600 --> 00:06:08,720 Speaker 1: on how to make this better as kind of browbeating J. 114 00:06:08,920 --> 00:06:12,479 Speaker 1: Powell into potential rate cuts and and right now there 115 00:06:12,600 --> 00:06:15,000 Speaker 1: is a you know there there is a constraint in 116 00:06:15,160 --> 00:06:18,320 Speaker 1: terms of the U S's ability to even monitor and 117 00:06:18,320 --> 00:06:21,760 Speaker 1: and have testing capacity that's commensurate with you know, other 118 00:06:21,839 --> 00:06:25,760 Speaker 1: nations including Italy, for example, so kind of the the 119 00:06:25,880 --> 00:06:29,760 Speaker 1: lack of focus necessari really on health outcomes and the 120 00:06:29,960 --> 00:06:34,039 Speaker 1: kind of direct steps to to mitigate has been has 121 00:06:34,080 --> 00:06:36,800 Speaker 1: been lacking, and that's something that has people worried. It's, 122 00:06:36,839 --> 00:06:39,839 Speaker 1: you know, not only do we have the ability, but 123 00:06:39,920 --> 00:06:42,520 Speaker 1: do we have the willingness to kind of do what's necessary. 124 00:06:42,600 --> 00:06:45,960 Speaker 1: And one portfolio Panatary I spoke with last night said, 125 00:06:46,000 --> 00:06:48,520 Speaker 1: you know, his big worry is that a lot of 126 00:06:48,520 --> 00:06:50,480 Speaker 1: the cases that are a lot of the things you 127 00:06:50,720 --> 00:06:53,599 Speaker 1: might need to do in terms of worst case scenarios, 128 00:06:53,640 --> 00:06:57,200 Speaker 1: whether that's a school closures or things of that nature. 129 00:06:57,320 --> 00:07:00,600 Speaker 1: Kind of kirk cutting back on public gatherings, those are 130 00:07:00,600 --> 00:07:02,800 Speaker 1: the kind of things that could you know, cause more 131 00:07:02,960 --> 00:07:06,880 Speaker 1: mass public public outrest. So we kind of understand that 132 00:07:06,960 --> 00:07:10,160 Speaker 1: the administration is trying to walk a fine line here. However, 133 00:07:10,320 --> 00:07:12,400 Speaker 1: to this point, it's not one that's been generally said. 134 00:07:12,560 --> 00:07:14,360 Speaker 1: I mean I was a target over the weekend. I mean, 135 00:07:14,360 --> 00:07:16,720 Speaker 1: you can't buy anything because it's all My mom, before 136 00:07:16,720 --> 00:07:19,080 Speaker 1: I left Alcove to come back here, sent me with 137 00:07:19,160 --> 00:07:21,960 Speaker 1: a you know, good old Chicky severally sent me with 138 00:07:22,000 --> 00:07:24,360 Speaker 1: a pack of like Lysol wipes. You know, make sure 139 00:07:24,360 --> 00:07:26,400 Speaker 1: you clean, use your pre help. Take a listen to 140 00:07:26,440 --> 00:07:28,760 Speaker 1: what Mike Pence Vice President Mike Pence said about the 141 00:07:28,800 --> 00:07:32,240 Speaker 1: coronavirus and the economy yesterday on NBC's Meet the Press. 142 00:07:32,280 --> 00:07:37,080 Speaker 1: Serious This economy will and particularly the stock market that 143 00:07:37,080 --> 00:07:41,320 Speaker 1: that that's aw some downturns this week, it'll come back, 144 00:07:41,360 --> 00:07:43,000 Speaker 1: but our focus is going to remain on the health 145 00:07:43,000 --> 00:07:45,520 Speaker 1: and well being of the American people. Lukawa sixty seconds. 146 00:07:45,520 --> 00:07:48,760 Speaker 1: Do you agree with Mike Pence? Oh? I think in 147 00:07:48,800 --> 00:07:50,440 Speaker 1: a lot of ways, there's a lot of truth to 148 00:07:50,560 --> 00:07:53,040 Speaker 1: what he's been saying and what I've been hearing right now. 149 00:07:53,080 --> 00:07:56,000 Speaker 1: Every portfolio manager, even one who think, you know, we're 150 00:07:56,000 --> 00:07:59,040 Speaker 1: going down another five ten, whatever it is present here, 151 00:07:59,240 --> 00:08:00,840 Speaker 1: even the ones who think there might be a short 152 00:08:00,960 --> 00:08:04,120 Speaker 1: term reception because of this, they're saying that when this passes, 153 00:08:04,240 --> 00:08:07,440 Speaker 1: this is the mother of all viable depths. When this passes, 154 00:08:07,520 --> 00:08:10,400 Speaker 1: there's no reason why we shouldn't go back to something 155 00:08:10,440 --> 00:08:14,000 Speaker 1: resembling growth of about two percent, inflation of about two percent, 156 00:08:14,200 --> 00:08:16,640 Speaker 1: and treasury yields, you know, a little lower than two percent. 157 00:08:16,720 --> 00:08:18,280 Speaker 1: You don't think we're going to get a recession out 158 00:08:18,280 --> 00:08:20,840 Speaker 1: of this, do you? I mean? One one thing that 159 00:08:20,840 --> 00:08:23,200 Speaker 1: should be worrisome is that a lot of the a 160 00:08:23,200 --> 00:08:24,840 Speaker 1: lot of the folks who are you know, working in 161 00:08:24,920 --> 00:08:28,280 Speaker 1: service industries might have hours forcibly curtailed. If you have 162 00:08:28,360 --> 00:08:31,880 Speaker 1: hours forcibly curtailed, that means they're smooth and consumption with credit, 163 00:08:31,960 --> 00:08:34,959 Speaker 1: and that means your consumption going forward. Uh, it gets 164 00:08:35,000 --> 00:08:38,360 Speaker 1: a little more concerned al right. Lukkwa Bloomberg's cross set 165 00:08:38,520 --> 00:08:43,240 Speaker 1: asset cross asset reporter, a St. John's University grad on 166 00:08:43,320 --> 00:08:46,440 Speaker 1: the lum graduated magnacule lot of Luke. Thanks for coming on. 167 00:08:46,480 --> 00:08:49,839 Speaker 1: I appreciate the time, buddy, coming up much more. I'm 168 00:08:49,880 --> 00:09:02,000 Speaker 1: Kevin silly. You're listening to Bloomberg one. This is Bloomberg's 169 00:09:02,040 --> 00:09:06,719 Speaker 1: sound on with Kevin Surley on Bloomberg and one oh 170 00:09:06,800 --> 00:09:10,800 Speaker 1: five point h two. We've asked them to accelerate whatever 171 00:09:10,800 --> 00:09:13,520 Speaker 1: they're doing in terms of vaccine. All right. So that 172 00:09:13,600 --> 00:09:16,120 Speaker 1: was President Trump speaking earlier today at the White House, 173 00:09:16,120 --> 00:09:18,520 Speaker 1: saying that he's trying to get the FEDS to to 174 00:09:19,040 --> 00:09:23,760 Speaker 1: move quickly and getting a vaccine. We talked about the coronavirus, 175 00:09:24,040 --> 00:09:27,160 Speaker 1: for the coronavirus, the vaccine for the coronavirus. We talked 176 00:09:27,160 --> 00:09:30,680 Speaker 1: about the coronavirus now lots of political news on a Monday. 177 00:09:30,760 --> 00:09:33,880 Speaker 1: Usually they saved it for Friday. But Friday news. Du'm 178 00:09:33,920 --> 00:09:36,439 Speaker 1: talking about a Monday news, dumb. We're marching on, folks, 179 00:09:36,840 --> 00:09:39,760 Speaker 1: and that's why I'm so glad to dissect all of 180 00:09:39,800 --> 00:09:43,800 Speaker 1: this with Matt Brooks, Republican strategist and executive director of 181 00:09:43,840 --> 00:09:48,080 Speaker 1: the Republican Jewish Coalition, and Louis Louis Miranda, former DNC 182 00:09:48,160 --> 00:09:52,200 Speaker 1: Communications director and director of Communications and Politics at Alloy, 183 00:09:52,280 --> 00:09:57,800 Speaker 1: which is Alloy. Well, I'm like, I'm well rested too, 184 00:09:58,040 --> 00:10:00,439 Speaker 1: you are. I'm still bitter though this is a tangent. 185 00:10:00,920 --> 00:10:03,440 Speaker 1: My my dad invited me to go to Dante Luigi's 186 00:10:03,480 --> 00:10:05,560 Speaker 1: with father read last night in South Philly, and I 187 00:10:05,600 --> 00:10:08,680 Speaker 1: couldn't because I had to get the car back, said 188 00:10:08,720 --> 00:10:11,400 Speaker 1: the Union Station, the rental. Have you ever tried to 189 00:10:11,480 --> 00:10:13,920 Speaker 1: drop off a car Union Station? Right? Not. It's like 190 00:10:14,000 --> 00:10:16,679 Speaker 1: driving a minivan through Times Square, which I have done before, 191 00:10:16,760 --> 00:10:19,040 Speaker 1: which is another story for another day. You've passed on 192 00:10:19,160 --> 00:10:22,520 Speaker 1: Dante and Luigi. I love I love that. You know what, 193 00:10:22,640 --> 00:10:26,959 Speaker 1: Dantean Luigi. I'm a villa de roma guy. I m 194 00:10:27,200 --> 00:10:29,560 Speaker 1: you can be both. I'm a villa de roma guy. 195 00:10:29,760 --> 00:10:32,520 Speaker 1: I loved Villa de Roma. This show is getting off 196 00:10:32,520 --> 00:10:35,240 Speaker 1: the rails already. All Right, you're looking at me like 197 00:10:35,320 --> 00:10:41,840 Speaker 1: what South Philly, NiTi. You can't come wrong anyway, Copachar Buddha, 198 00:10:41,920 --> 00:10:46,120 Speaker 1: jedge Back, and Biden reportedly this is big for Joe Biden. Yeah. Look, 199 00:10:46,120 --> 00:10:48,120 Speaker 1: I think it's uh, it's an indication of where we 200 00:10:48,160 --> 00:10:50,720 Speaker 1: are in the primary, which is that it's gonna start 201 00:10:50,760 --> 00:10:52,760 Speaker 1: checking out. That was gonna be The expectation is that 202 00:10:52,920 --> 00:10:55,400 Speaker 1: primary after primary, caucus after caucus, there was gonna be 203 00:10:55,400 --> 00:10:57,280 Speaker 1: a winnowing down. And that's what we're seeing now. That's 204 00:10:57,320 --> 00:11:00,640 Speaker 1: to be expected. Um. I think Democrats arenest wrong position 205 00:11:00,720 --> 00:11:04,679 Speaker 1: because uh, they're they're consolidating there, and they've all made 206 00:11:04,679 --> 00:11:07,040 Speaker 1: commitments to work with each other. I think, uh, Senator 207 00:11:07,080 --> 00:11:10,320 Speaker 1: Sanders has been very gracious throughout the primaries, as has 208 00:11:10,320 --> 00:11:13,880 Speaker 1: been Senator Biden. The two endorsements today obviously very great 209 00:11:13,880 --> 00:11:17,200 Speaker 1: gracious towards him as well, and and there's a general agreement. 210 00:11:17,600 --> 00:11:20,120 Speaker 1: Mike Bloomberg has made this commitment as well that whoever 211 00:11:20,160 --> 00:11:22,200 Speaker 1: emerges out of this field is going to have the 212 00:11:22,240 --> 00:11:25,360 Speaker 1: strong support of whoever doesn't. And I think that that's 213 00:11:25,360 --> 00:11:27,840 Speaker 1: what we're seeing right now, and and that's gonna be 214 00:11:27,920 --> 00:11:33,280 Speaker 1: good for Democrats uh in November. Matt. I think it's uh. 215 00:11:33,320 --> 00:11:36,680 Speaker 1: I think they are unified. Uh. But it's interesting, you know, 216 00:11:36,720 --> 00:11:39,680 Speaker 1: I've having gone through this and and you know, relived 217 00:11:39,720 --> 00:11:45,400 Speaker 1: all this, uh in with uh the Republican primary. It's 218 00:11:45,440 --> 00:11:48,160 Speaker 1: a mirror image of the two. I still think that 219 00:11:48,280 --> 00:11:51,240 Speaker 1: Bernie's virtually unstoppable in this race. And I think the 220 00:11:51,280 --> 00:11:55,720 Speaker 1: reality is despite the strong showing of Vice President Biden 221 00:11:55,720 --> 00:12:00,160 Speaker 1: in South Carolina on Saturday, everybody is raising expectation for 222 00:12:00,240 --> 00:12:03,160 Speaker 1: him to have a tremendous performance now on Super Tuesday, 223 00:12:03,200 --> 00:12:06,920 Speaker 1: given the Buddha Jedge and and Klobuchar endorsements. What people 224 00:12:06,960 --> 00:12:09,600 Speaker 1: fail to realize is that most of the Super Tuesday 225 00:12:09,600 --> 00:12:11,959 Speaker 1: were a large portion of the Super Tuesday vote is 226 00:12:11,960 --> 00:12:14,280 Speaker 1: already baked in the cake. People have been voting absentee 227 00:12:14,320 --> 00:12:17,920 Speaker 1: for weeks now. Uh pre South Carolina, pre Amy, pre 228 00:12:18,040 --> 00:12:21,080 Speaker 1: Buddha Jedge. Did you see this rally in California last 229 00:12:21,160 --> 00:12:23,360 Speaker 1: night with Bernie sand Did you see the images of 230 00:12:23,400 --> 00:12:28,079 Speaker 1: this fifteen people Trumpian It was it was exactly I mean, 231 00:12:28,360 --> 00:12:33,520 Speaker 1: the crowds. So here's Bernie Sanders. He was speaking in California, 232 00:12:34,240 --> 00:12:38,280 Speaker 1: fifteen thousand people seeing Bernie Sanders. Take a listen to 233 00:12:38,320 --> 00:12:40,920 Speaker 1: what he said. I am asking you not only to 234 00:12:41,000 --> 00:12:45,160 Speaker 1: come out and vote, but to bring your friends, your uncle's, 235 00:12:45,240 --> 00:12:50,560 Speaker 1: your aunt's, your fellow workers. Let us have the highest 236 00:12:50,679 --> 00:12:55,559 Speaker 1: voter turnout in California primary history. Well, first of all, 237 00:12:55,559 --> 00:12:57,880 Speaker 1: why aunts and uncles? Why not? I mean, but anyway, 238 00:12:58,520 --> 00:13:04,200 Speaker 1: why not? Why not the cousins, your neighbors, you know? Uh? 239 00:13:04,800 --> 00:13:08,920 Speaker 1: But people wow? And then here's a former Vice president 240 00:13:09,000 --> 00:13:13,079 Speaker 1: Joe Biden speaking um uh just he's expected to get 241 00:13:13,080 --> 00:13:15,360 Speaker 1: the endorsement of clob char but he was speaking on 242 00:13:15,440 --> 00:13:19,040 Speaker 1: the campaign rally. I believe this was in Virginia, Virginia 243 00:13:19,080 --> 00:13:22,400 Speaker 1: earlier today. I take a listen to Joe Biden Democrats 244 00:13:22,400 --> 00:13:29,840 Speaker 1: one a nominee, who's the Democrat, A white frog Democrat, 245 00:13:31,120 --> 00:13:40,640 Speaker 1: a proud Democrat? And Obama Biden Democrat Georgia. Is that 246 00:13:40,679 --> 00:13:43,800 Speaker 1: a good message? I think what's an important message is 247 00:13:43,800 --> 00:13:45,760 Speaker 1: that the Democrats stay united and do the work of 248 00:13:45,800 --> 00:13:48,599 Speaker 1: mobilizing voters because right now, one of the things that 249 00:13:48,679 --> 00:13:51,480 Speaker 1: killed us in sixteen, for example, was a huge data gap. 250 00:13:51,559 --> 00:13:53,800 Speaker 1: Right Um, I just joined a tech firm that our 251 00:13:53,840 --> 00:13:56,920 Speaker 1: focus is on uh, not, you know who's emerging in 252 00:13:56,960 --> 00:13:59,560 Speaker 1: the primary, But how do we help everyone that that 253 00:13:59,760 --> 00:14:04,640 Speaker 1: is competing in in uh, whether it's progressive organizations, voter registration, 254 00:14:04,679 --> 00:14:06,959 Speaker 1: how we help them actually find voters and mobilize them. 255 00:14:07,080 --> 00:14:09,400 Speaker 1: And Democrats are doing that by and large, And because 256 00:14:09,440 --> 00:14:12,520 Speaker 1: we've had a crowded primary, that turns into an advantage 257 00:14:12,600 --> 00:14:15,560 Speaker 1: in that people are mobilized and energized by a variety candidates, 258 00:14:15,840 --> 00:14:17,720 Speaker 1: and they're doing the hard work of identifying where these 259 00:14:17,800 --> 00:14:21,280 Speaker 1: voters aren't and and what gets them excited. Yeah, it's 260 00:14:21,320 --> 00:14:23,720 Speaker 1: more than just anti Trump. I think one of the 261 00:14:23,720 --> 00:14:25,560 Speaker 1: good things about having this big field is that they've 262 00:14:25,640 --> 00:14:28,480 Speaker 1: been going out not just against Trump but for Bernie 263 00:14:28,600 --> 00:14:31,360 Speaker 1: or Joe or Pete or or Amy. And and that's 264 00:14:31,360 --> 00:14:33,040 Speaker 1: been positive for Elizabeth, who's still in it. Well, I 265 00:14:33,080 --> 00:14:36,200 Speaker 1: agree with that because last cycle, when Trump was having 266 00:14:36,200 --> 00:14:38,600 Speaker 1: all those rallies, I mean, he was bringing in a 267 00:14:38,640 --> 00:14:40,840 Speaker 1: ton of new voters, people who are people who haven't 268 00:14:40,920 --> 00:14:43,920 Speaker 1: voted in a while. All of those crowds were data 269 00:14:43,960 --> 00:14:46,440 Speaker 1: collection hubs. And then you're Ted Cruz arguably ran the 270 00:14:46,440 --> 00:14:48,800 Speaker 1: best race, and the important thing was that he turned 271 00:14:48,800 --> 00:14:53,359 Speaker 1: around and supported and he had the most staff, organization, 272 00:14:53,880 --> 00:14:56,240 Speaker 1: data operation. He he was the one who early on 273 00:14:56,320 --> 00:14:59,160 Speaker 1: had actually built a pretty impressive infrastructure of a campaign, 274 00:14:59,480 --> 00:15:04,400 Speaker 1: and all of that contributed towards building a stronger Republican 275 00:15:04,440 --> 00:15:06,480 Speaker 1: Party overall towards November. That's what I think I'm seeing 276 00:15:06,520 --> 00:15:08,600 Speaker 1: on the Democratic side this. I hear you on that front. 277 00:15:08,600 --> 00:15:10,400 Speaker 1: But I mean, he lost. He did lose, but he 278 00:15:10,440 --> 00:15:12,840 Speaker 1: had he had the best organization, and he got brewed 279 00:15:12,840 --> 00:15:15,480 Speaker 1: of the convention. I mean, that did happen. And he 280 00:15:15,560 --> 00:15:18,320 Speaker 1: just gotta be honest, he did. Was that after Trump 281 00:15:18,320 --> 00:15:25,680 Speaker 1: accused his dad of having somehow been um. You hear 282 00:15:25,760 --> 00:15:29,560 Speaker 1: that though, And and I I gotta say it, come 283 00:15:29,720 --> 00:15:33,320 Speaker 1: Wednesday morning, if Bernie blows this, Bernie Sanders blows this 284 00:15:33,400 --> 00:15:37,080 Speaker 1: out of the water, I it will be it's gonna 285 00:15:37,120 --> 00:15:40,080 Speaker 1: be tough to see where this goes. Well, if he 286 00:15:40,120 --> 00:15:41,680 Speaker 1: blows it out of the water, it's not tough at all. 287 00:15:41,960 --> 00:15:44,360 Speaker 1: He just steamrolls right through to the nomination. I think 288 00:15:44,360 --> 00:15:47,240 Speaker 1: he and I still still believe he's virtually unstoppable at 289 00:15:47,320 --> 00:15:49,920 Speaker 1: this point. You know, going back to your original point 290 00:15:49,960 --> 00:15:52,560 Speaker 1: about the cut that you just played about him and 291 00:15:52,640 --> 00:15:55,360 Speaker 1: his speech, this is all messaging he's been running since 292 00:15:55,400 --> 00:15:58,440 Speaker 1: the day he announced, and it wasn't resonating. Then it 293 00:15:58,480 --> 00:16:01,480 Speaker 1: wasn't resonating. Then it's not gonna resonate now among Democratic 294 00:16:01,480 --> 00:16:04,840 Speaker 1: primary voters. Bernie Sanders is tapping into the resentment and 295 00:16:04,920 --> 00:16:08,440 Speaker 1: the anger and the need for change the Democratic voters 296 00:16:08,560 --> 00:16:11,880 Speaker 1: want right now. Primary voters want. They don't want another 297 00:16:11,920 --> 00:16:15,360 Speaker 1: four years or eight years of Obama Biden. They want 298 00:16:15,520 --> 00:16:17,520 Speaker 1: they want the red meat. Well, I think what what 299 00:16:17,640 --> 00:16:21,400 Speaker 1: happens in primaries, though, is that it resets the stage 300 00:16:21,440 --> 00:16:23,440 Speaker 1: for the general election for parties. I mean, in the 301 00:16:23,520 --> 00:16:28,160 Speaker 1: same way that you had Donald Trump emerged in sixteen 302 00:16:28,160 --> 00:16:31,920 Speaker 1: and the party suddenly uh find uh that never Trumpians 303 00:16:31,960 --> 00:16:34,360 Speaker 1: were jumping on board. What you have is that the 304 00:16:34,400 --> 00:16:37,760 Speaker 1: party resets and and you know, make some steps in 305 00:16:37,760 --> 00:16:41,360 Speaker 1: in in whatever direction is necessary to accommodate its moderate 306 00:16:41,400 --> 00:16:42,960 Speaker 1: wing and whatever else. And I think that's what we'll 307 00:16:42,960 --> 00:16:45,720 Speaker 1: see now about the time for this block snuck up 308 00:16:45,720 --> 00:16:47,440 Speaker 1: on me. Time flies when you're having fun much more 309 00:16:47,480 --> 00:16:49,720 Speaker 1: with the panel coming up next, and Covin's really you're 310 00:16:49,760 --> 00:17:02,920 Speaker 1: listening to Bloomberg. You're listening to Bloomberg Sound On with 311 00:17:03,000 --> 00:17:07,159 Speaker 1: Kevin Surley on Bloomberg and one oh five point seven 312 00:17:07,160 --> 00:17:10,120 Speaker 1: fm h D two, son of the Sanders, has spent 313 00:17:10,240 --> 00:17:14,399 Speaker 1: thirty years boycotting this event. And as you've heard by now, 314 00:17:14,480 --> 00:17:17,840 Speaker 1: he called a pack a racist platform. Well, let me 315 00:17:17,880 --> 00:17:22,680 Speaker 1: tell you he's dead wrong. That's former New York City 316 00:17:22,720 --> 00:17:26,600 Speaker 1: Mayor Michael Bloomberg speaking at a pack earlier. He of course, 317 00:17:27,000 --> 00:17:29,960 Speaker 1: is also seeking the Democratic presidential nomination. And he's the 318 00:17:29,960 --> 00:17:33,040 Speaker 1: founder and majority owner of Bloomberg Alp, the parent company 319 00:17:33,080 --> 00:17:37,080 Speaker 1: of Bloomberg Radio. I'm Kevin Cirelli, Chief Washington correspondent for 320 00:17:37,119 --> 00:17:39,560 Speaker 1: Bloomberg TV and Bloomberg Radio. Matt Brooks is here South 321 00:17:39,600 --> 00:17:43,080 Speaker 1: Phillies very own Matt Brooks. No Lower, Marian's well, Ramarion 322 00:17:43,440 --> 00:17:46,719 Speaker 1: Dalco's very own Matt Brooks. And uh, I was at 323 00:17:46,720 --> 00:17:50,040 Speaker 1: Pinocchio's Pizza and Tom Jones dieiner. But you told me 324 00:17:50,080 --> 00:17:52,880 Speaker 1: that you didn't know them. No, I'm a picasas. Yeah, 325 00:17:52,920 --> 00:17:55,040 Speaker 1: I like picas you know, I respect I respect it 326 00:17:55,560 --> 00:17:58,240 Speaker 1: and oh, Tina Fey and I I haven't talked to 327 00:17:58,280 --> 00:18:02,560 Speaker 1: you since the passing of Lower of Yot I have 328 00:18:02,720 --> 00:18:05,439 Speaker 1: I have his Laura Marian Jersey, Now, yeah, I bought it. 329 00:18:05,200 --> 00:18:09,679 Speaker 1: It's it's sad tragedy. It's really an interesting dynamic in 330 00:18:09,800 --> 00:18:13,400 Speaker 1: terms of how Delco remembers Kobe because of the tension 331 00:18:13,800 --> 00:18:18,040 Speaker 1: because he didn't go to the six Uh Lewis Miranda, Hello, 332 00:18:18,960 --> 00:18:22,000 Speaker 1: where are you from? I grew up in South Florida. Okay, No, 333 00:18:22,160 --> 00:18:26,800 Speaker 1: that's a that's a world away. Uh So no Philadelphia, Bond, No, 334 00:18:27,040 --> 00:18:30,640 Speaker 1: nothing to say. Moving on county, Let's talk about when 335 00:18:30,680 --> 00:18:32,440 Speaker 1: for a second, because we ran out of time earlier 336 00:18:32,920 --> 00:18:34,880 Speaker 1: our county. Yeah, you know, I just I've heard that 337 00:18:35,600 --> 00:18:38,560 Speaker 1: hanging chads at all largest Democratic county in the country 338 00:18:38,600 --> 00:18:41,120 Speaker 1: by the Wow. Um, let's talk about when for a second. 339 00:18:41,160 --> 00:18:43,440 Speaker 1: I mean, you've got Colba char and Buda Chedge backing Biden. 340 00:18:43,880 --> 00:18:45,560 Speaker 1: Is there going to be pressure on him to drop 341 00:18:45,560 --> 00:18:47,040 Speaker 1: out of the race? He was asked about it today. 342 00:18:47,040 --> 00:18:49,520 Speaker 1: He said he's in it to win it. But you 343 00:18:49,560 --> 00:18:52,879 Speaker 1: know what's the it looks like it's the path is 344 00:18:52,960 --> 00:18:55,720 Speaker 1: narrow were now for him. I mean, I think there's 345 00:18:55,720 --> 00:18:57,159 Speaker 1: been pressure on him from day one, and there was 346 00:18:57,240 --> 00:18:59,800 Speaker 1: certainly pressure on him at the debates. But at the 347 00:19:00,040 --> 00:19:02,000 Speaker 1: end of the day, he's running a campaign that has 348 00:19:02,000 --> 00:19:06,200 Speaker 1: been effective at its use of advertising, and um, he's 349 00:19:06,240 --> 00:19:07,919 Speaker 1: going to design his own timeline. But look, I think 350 00:19:07,960 --> 00:19:11,159 Speaker 1: what's important is that again he committed that if he 351 00:19:11,200 --> 00:19:14,240 Speaker 1: doesn't make it, he's gonna put everything that he's built 352 00:19:14,320 --> 00:19:16,800 Speaker 1: up behind whoever does. And I think that's what's going 353 00:19:16,840 --> 00:19:19,359 Speaker 1: to make the difference. What's gonna be interesting, though, is 354 00:19:19,480 --> 00:19:21,720 Speaker 1: you know, he's pledged to put the money behind whoever wins. 355 00:19:21,760 --> 00:19:24,240 Speaker 1: Bernie Sanders has said categorically he doesn't want, you know, 356 00:19:24,320 --> 00:19:27,119 Speaker 1: billionaire money coming in on his behalf, so that'll be 357 00:19:27,160 --> 00:19:30,040 Speaker 1: an interesting dynamic. You know. The thing about Bloomberg, which 358 00:19:30,080 --> 00:19:32,760 Speaker 1: is which is fascinating is that you know, he spent 359 00:19:33,080 --> 00:19:36,760 Speaker 1: a ton of money I think, you know in terrific 360 00:19:36,760 --> 00:19:38,879 Speaker 1: ads that have raised his name. I d but I 361 00:19:38,920 --> 00:19:40,399 Speaker 1: don't think we're going to get him a win in 362 00:19:40,480 --> 00:19:43,359 Speaker 1: any of these upcoming primaries. The underlying fact that you 363 00:19:43,400 --> 00:19:45,919 Speaker 1: can't change with all the money in the world is 364 00:19:45,960 --> 00:19:48,520 Speaker 1: that the Democratic primary voter looks a lot more like 365 00:19:48,560 --> 00:19:52,159 Speaker 1: Bernie Sanders and AOC than it does Mike. You have 366 00:19:52,160 --> 00:19:54,520 Speaker 1: a very compressed calendar, though. You have a calendar where 367 00:19:54,520 --> 00:19:58,040 Speaker 1: we went through four prior early price state primary contests, 368 00:19:58,160 --> 00:20:00,840 Speaker 1: and these candidates have not spent a lot of time 369 00:20:00,840 --> 00:20:03,680 Speaker 1: in any of these Super Tuesday states. They've spent some time, 370 00:20:04,000 --> 00:20:05,480 Speaker 1: They've not spent a heck of a lot of time, 371 00:20:05,520 --> 00:20:08,280 Speaker 1: And so I think that because they're bigger states, because 372 00:20:08,280 --> 00:20:10,719 Speaker 1: they depend more on advertising. It's a big question margus 373 00:20:10,760 --> 00:20:12,480 Speaker 1: to what happens which state do you think he breaks 374 00:20:12,520 --> 00:20:14,800 Speaker 1: out in? Well, I don't know. We'll have to wait 375 00:20:14,800 --> 00:20:16,320 Speaker 1: and see, but but I do think that it's a 376 00:20:16,359 --> 00:20:19,360 Speaker 1: it's a it's a dynamic or momentum, and advertising play 377 00:20:19,400 --> 00:20:22,120 Speaker 1: a bigger role than the door to door time spent canvassing. 378 00:20:22,200 --> 00:20:24,680 Speaker 1: Kind of well, right now, momentum, let me just say, 379 00:20:24,720 --> 00:20:27,680 Speaker 1: give me a name. Who has the momentum heading into tomorrow? Sanders, 380 00:20:27,720 --> 00:20:30,520 Speaker 1: who has the momentum heading in to tomorrow. Uh, that's 381 00:20:30,560 --> 00:20:33,239 Speaker 1: that's a tough call. I think it's it's as as 382 00:20:33,320 --> 00:20:35,480 Speaker 1: Matt was saying earlier, because a lot of people voted 383 00:20:35,520 --> 00:20:38,439 Speaker 1: before tomorrow. It's it's hard to say where that But 384 00:20:38,520 --> 00:20:41,919 Speaker 1: this Biden news cycle helps Biden news cycle helps Biden 385 00:20:44,160 --> 00:20:47,960 Speaker 1: one day. I think Sanders probably had more momentum when 386 00:20:48,000 --> 00:20:50,520 Speaker 1: a lot of the people voted early. Biden certainly seems 387 00:20:50,520 --> 00:20:52,600 Speaker 1: to have it now. So I think it'll be interesting 388 00:20:52,600 --> 00:20:55,600 Speaker 1: to see what it feels and maybe it But no, 389 00:20:55,600 --> 00:20:58,320 Speaker 1: none of you, said Bloomberg, And that was the whole 390 00:20:58,359 --> 00:21:01,000 Speaker 1: play by the Bloomberg campaign officials was that Super Tuesday 391 00:21:01,040 --> 00:21:03,760 Speaker 1: would would be but that it will be interesting and 392 00:21:03,800 --> 00:21:06,239 Speaker 1: again and some it's more dynamics than this moment. Al right, 393 00:21:06,440 --> 00:21:08,719 Speaker 1: not true. All right, So let's dive into Super Tuesday 394 00:21:08,840 --> 00:21:12,280 Speaker 1: just for a second. Fourteen states. Let's just go over 395 00:21:12,320 --> 00:21:14,399 Speaker 1: the bare bones for tomorrow night. Fourteen states. And by 396 00:21:14,400 --> 00:21:17,200 Speaker 1: the way, we have special coverage tomorrow night on Bloomberg 397 00:21:17,200 --> 00:21:19,960 Speaker 1: Television and Bloomberg Radio for Super Tuesday. You can watch 398 00:21:20,000 --> 00:21:22,520 Speaker 1: all of it. The policy. We're gonna talk about what 399 00:21:22,560 --> 00:21:24,560 Speaker 1: it means for the policy and the implications of everything. 400 00:21:24,600 --> 00:21:28,879 Speaker 1: Fourteen states holding democratic primaries tomorrow. Uh, this year's so 401 00:21:28,960 --> 00:21:33,399 Speaker 1: called Super Tuesday. And there's one thousand, three hundred and 402 00:21:33,680 --> 00:21:37,679 Speaker 1: fifties seven delegates at stakes. That's thirty four of the 403 00:21:37,680 --> 00:21:41,280 Speaker 1: total delegates are going to be awarded tomorrow. The states 404 00:21:41,280 --> 00:21:45,840 Speaker 1: in play, California and Texas are the two main prizes, 405 00:21:46,119 --> 00:21:51,680 Speaker 1: but then you've also got Alabama, Arkansas, Colorado, Maine, Massachusetts, Minnesota, 406 00:21:51,720 --> 00:21:57,000 Speaker 1: North Carolina, Oklahoma, Tennessee, Utsall, Vermont, and Virginia. Here in 407 00:21:57,119 --> 00:21:59,800 Speaker 1: Virginia where a bevy of candidates. I've been campaigning. I 408 00:22:00,040 --> 00:22:02,960 Speaker 1: struck to see Bernie Sanders campaigning in Massachusetts trying to 409 00:22:02,960 --> 00:22:07,680 Speaker 1: get Elizabeth Warren out of there, and uh so fourteen 410 00:22:07,720 --> 00:22:10,359 Speaker 1: states and then after that, if you're trying to figure 411 00:22:10,359 --> 00:22:14,320 Speaker 1: out where all this is headed, March seventeen, four states 412 00:22:15,160 --> 00:22:18,680 Speaker 1: are going to be voting, including Florida. So I mean, 413 00:22:18,680 --> 00:22:21,480 Speaker 1: does Elizabeth Warren And let me ask you this, Matt, 414 00:22:21,600 --> 00:22:25,000 Speaker 1: do you think Elizabeth Warren? And and where does she 415 00:22:25,119 --> 00:22:27,600 Speaker 1: go this week? You know, I don't. I think this 416 00:22:27,680 --> 00:22:30,600 Speaker 1: is we're probably seeing the final hours of her campaign too, 417 00:22:30,640 --> 00:22:33,040 Speaker 1: And really where does she where does she you know, 418 00:22:33,040 --> 00:22:35,240 Speaker 1: where does she break out? Where does she stay relevant? 419 00:22:36,040 --> 00:22:38,359 Speaker 1: I think it's it's pretty good, you know, it's pretty 420 00:22:38,359 --> 00:22:40,320 Speaker 1: even money that she doesn't even carry her own state 421 00:22:40,680 --> 00:22:44,840 Speaker 1: uh tomorrow, So um, you know, it's gonna be hard 422 00:22:44,880 --> 00:22:46,679 Speaker 1: for her to make a compelling argument that she has 423 00:22:46,720 --> 00:22:49,120 Speaker 1: a path to victory. So I just want to duck 424 00:22:49,200 --> 00:22:52,239 Speaker 1: in with some breaking news now. Um, and that as 425 00:22:52,320 --> 00:22:54,760 Speaker 1: Vice President Mike Pence is speaking at the White House, 426 00:22:55,280 --> 00:22:58,760 Speaker 1: and he said that, uh, there could be a coronavirus 427 00:22:58,880 --> 00:23:03,960 Speaker 1: vaccine going to clinical trial in six weeks. Again, Vice 428 00:23:03,960 --> 00:23:07,040 Speaker 1: President Mike Pence headlines flashing the Bloomberg terminal, says that 429 00:23:07,119 --> 00:23:10,959 Speaker 1: there could be a coronavirus vaccine going to clinical trial 430 00:23:11,119 --> 00:23:15,199 Speaker 1: in six weeks. Pence also says that the risk of 431 00:23:15,760 --> 00:23:21,320 Speaker 1: coronavirus to the United States remains low, so a hundred 432 00:23:21,400 --> 00:23:24,240 Speaker 1: percent screening of Italy and Korea flights in the next 433 00:23:24,240 --> 00:23:26,800 Speaker 1: twelve hours. He says that the U s officials are 434 00:23:26,840 --> 00:23:30,440 Speaker 1: going to be providing screenings for the coronavirus of flights 435 00:23:30,480 --> 00:23:33,680 Speaker 1: for Italy and Korea in the next twelve hours. He 436 00:23:33,800 --> 00:23:37,439 Speaker 1: also said that therapeutics may be ready by late summer 437 00:23:37,520 --> 00:23:41,040 Speaker 1: early fall. Vice President Mike Penn says that there could 438 00:23:41,040 --> 00:23:45,760 Speaker 1: be a coronavirus vaccine going to clinical trial in six weeks. 439 00:23:46,240 --> 00:23:49,720 Speaker 1: Big news, Matt, Yeah, it's look. I think that you know, 440 00:23:49,800 --> 00:23:52,280 Speaker 1: one of the things that is going to surprise everybody, 441 00:23:52,400 --> 00:23:55,640 Speaker 1: contrary to what uh some in the media and certainly 442 00:23:55,760 --> 00:23:58,800 Speaker 1: you know the Democratic candidates running for president have to say, 443 00:23:59,000 --> 00:24:01,240 Speaker 1: is this administration has been on top of this thing, 444 00:24:01,640 --> 00:24:03,399 Speaker 1: and I think they like to paint a picture a 445 00:24:03,400 --> 00:24:06,280 Speaker 1: picture otherwise. But you know, we have one of the 446 00:24:06,320 --> 00:24:09,320 Speaker 1: lowest rates of any of the industrialized nations. We shut 447 00:24:09,320 --> 00:24:12,879 Speaker 1: our borders down we're working to get vaccines and testing 448 00:24:12,880 --> 00:24:15,520 Speaker 1: equipment and all the stuff out there, coordinating with the states, 449 00:24:16,040 --> 00:24:18,679 Speaker 1: UH and local officials, and I think they're they're on 450 00:24:18,720 --> 00:24:21,160 Speaker 1: top of it, and I think UH, in the end, 451 00:24:21,200 --> 00:24:23,359 Speaker 1: when when all of a sudden done, UH, they'll get 452 00:24:23,440 --> 00:24:25,280 Speaker 1: high marks for how they've handled everything. I don't think 453 00:24:25,280 --> 00:24:27,239 Speaker 1: Democrats have to say much about this because there's been 454 00:24:27,280 --> 00:24:29,639 Speaker 1: so much infighting and so much leaking just from the 455 00:24:29,680 --> 00:24:32,520 Speaker 1: Trump administration alone about just how poorly this has been handled. 456 00:24:32,520 --> 00:24:35,000 Speaker 1: And look, UH, Senator's Murphy made a good point today, 457 00:24:35,000 --> 00:24:38,320 Speaker 1: which is that Donald Trump took away funding and closed 458 00:24:38,359 --> 00:24:43,600 Speaker 1: down twenty nine of thirty nine UM international support UH 459 00:24:43,640 --> 00:24:45,719 Speaker 1: that we were doing after the Ebolo crisis to make 460 00:24:45,760 --> 00:24:49,320 Speaker 1: sure that outbreaks like this were handled abroad and that 461 00:24:49,359 --> 00:24:51,400 Speaker 1: we could help deal with them before they got here. 462 00:24:51,760 --> 00:24:53,920 Speaker 1: One of those countries with China. And so this is 463 00:24:53,920 --> 00:24:57,280 Speaker 1: an administration that has tried to weaken the institutions of government, 464 00:24:57,320 --> 00:25:01,280 Speaker 1: including those that provide and deliver healthcare in the CDC. 465 00:25:01,640 --> 00:25:03,960 Speaker 1: And and you're gonna see the implications of that potentially 466 00:25:03,960 --> 00:25:08,359 Speaker 1: play out, and that could have a big impact. All right, 467 00:25:08,440 --> 00:25:11,240 Speaker 1: coming up, we're gonna see what's on the Panel's radar. Again, 468 00:25:11,280 --> 00:25:14,800 Speaker 1: we're expecting at least anywhere from six to eight billion 469 00:25:14,800 --> 00:25:18,240 Speaker 1: dollars of a congressional package for the coronavirus. And just 470 00:25:18,400 --> 00:25:20,760 Speaker 1: a reminder to put it in perspective, Hurricane Sandy had 471 00:25:20,760 --> 00:25:24,840 Speaker 1: twenty plus billion dollars from that relief package. So the 472 00:25:24,920 --> 00:25:27,720 Speaker 1: bipartisanship on lawmakers, that's how they rank it in terms 473 00:25:27,720 --> 00:25:34,000 Speaker 1: of disasters. Kevin Cirelli, you're listening to Bloomberg. You're listening 474 00:25:34,040 --> 00:25:38,639 Speaker 1: to Bloomberg. Sound On with Kevin Currel on Bloomberg and 475 00:25:38,720 --> 00:25:40,880 Speaker 1: one oh five point seven f m h D two. 476 00:25:41,720 --> 00:25:45,119 Speaker 1: I'm Kevin Cireli, chief Washington correspondent for Bloomberg Television and 477 00:25:45,160 --> 00:25:48,520 Speaker 1: Bloomberg Radio. It's time now for my favorite part of 478 00:25:48,560 --> 00:25:53,359 Speaker 1: the program. What's on the Panels radar? What's the quick 479 00:25:53,359 --> 00:26:00,680 Speaker 1: take for their radar? Lewis Miranda is here. Alloy alloy, alloy, alloy. 480 00:26:00,920 --> 00:26:03,400 Speaker 1: It's a combination of metals makes us stronger. Right, So, 481 00:26:03,720 --> 00:26:05,760 Speaker 1: how do you like the new gig? I love it. 482 00:26:05,960 --> 00:26:08,440 Speaker 1: I'm having a great time and the focus is on 483 00:26:08,440 --> 00:26:10,840 Speaker 1: on doing what we didn't get right the last time. 484 00:26:10,840 --> 00:26:13,040 Speaker 1: We just get better data, better technology in the hands 485 00:26:13,040 --> 00:26:15,520 Speaker 1: of people, trying to get voters to the polls for Democrats. 486 00:26:15,520 --> 00:26:20,520 Speaker 1: He's the former d n C compstructor. Now is that uh? Alloy, Alloy, 487 00:26:20,640 --> 00:26:24,280 Speaker 1: I'll remember that. Can call me al. I love that song. Uh. 488 00:26:24,320 --> 00:26:27,240 Speaker 1: And of course Matt Brooks, Republican strategist and executive director 489 00:26:27,280 --> 00:26:33,040 Speaker 1: of the Republican Jewish Coalition APACK is in town, and Uh, 490 00:26:33,160 --> 00:26:35,800 Speaker 1: I'm sure that's what's the quick take on your radar? Apack? 491 00:26:36,080 --> 00:26:37,640 Speaker 1: What's going on an apack? Have you been over there? 492 00:26:37,680 --> 00:26:40,080 Speaker 1: I mean yeah, And it's it's interesting because I think 493 00:26:40,160 --> 00:26:46,160 Speaker 1: you're seeing as evidenced by the applause and the reaction 494 00:26:46,280 --> 00:26:50,160 Speaker 1: of the attendees at a pack. Uh. The key applause 495 00:26:50,240 --> 00:26:53,480 Speaker 1: lines were done by Republicans who have talked about the 496 00:26:53,480 --> 00:26:55,720 Speaker 1: incredible record of President Trump, who has been the most 497 00:26:55,720 --> 00:26:59,040 Speaker 1: pro Israel president in history. And I think, especially if 498 00:26:59,040 --> 00:27:04,320 Speaker 1: Bernie Sanders is the nominee, the juxtaposition between the two views, Uh, 499 00:27:04,520 --> 00:27:07,760 Speaker 1: you know that they share with regard to Israel. I 500 00:27:07,800 --> 00:27:12,600 Speaker 1: think especially in Luis's hometown in in Browerd, Uh, Miami 501 00:27:12,680 --> 00:27:15,560 Speaker 1: Dade and Palm Beach County in South Florida and the 502 00:27:15,600 --> 00:27:19,280 Speaker 1: collar counties where we're from. Kevin in Philadelphia, in Atlanta 503 00:27:19,320 --> 00:27:23,520 Speaker 1: and elsewhere. Um, you know, the Jewish votes going to 504 00:27:23,560 --> 00:27:26,520 Speaker 1: be an incredibly important segment of this election. Well, let 505 00:27:26,560 --> 00:27:28,840 Speaker 1: me let me ask you this. I was struck by this. 506 00:27:28,880 --> 00:27:30,960 Speaker 1: Let's let's spend a little time on this. I was 507 00:27:31,040 --> 00:27:36,600 Speaker 1: struck by just how few debates have covered foreign policy 508 00:27:36,720 --> 00:27:40,200 Speaker 1: for the Democrats. Yeah. I think that's a big, big 509 00:27:40,760 --> 00:27:43,439 Speaker 1: mark for the media organizations that they just didn't dedicate 510 00:27:43,520 --> 00:27:46,280 Speaker 1: enough time even when they were in markets that arguably 511 00:27:46,280 --> 00:27:48,560 Speaker 1: would have wanted to hear more about it, like South Florida. Right. 512 00:27:49,160 --> 00:27:51,159 Speaker 1: But look, you know, I just started watching The Hunters 513 00:27:51,160 --> 00:27:54,720 Speaker 1: on Amazon Prime, and it's a reminder fantasy I watched 514 00:27:54,800 --> 00:27:57,439 Speaker 1: Love Is Blind. But but I gotta tell you it's 515 00:27:57,480 --> 00:27:59,800 Speaker 1: a reminder that, you know, with white nationalism on the 516 00:27:59,840 --> 00:28:02,159 Speaker 1: right has anti Semitic attacks on the rise since the 517 00:28:02,240 --> 00:28:05,399 Speaker 1: rise of Trump, and and uh, the rhetoric and the 518 00:28:05,680 --> 00:28:08,440 Speaker 1: white nationalism that feels emboldened under his presidency. I think 519 00:28:08,440 --> 00:28:11,639 Speaker 1: that's important to the last time I checked the folks 520 00:28:11,640 --> 00:28:13,600 Speaker 1: who were who were beating the hell out of Orthodox 521 00:28:13,640 --> 00:28:15,639 Speaker 1: Jews in New York or not white nationals. We have 522 00:28:18,000 --> 00:28:20,280 Speaker 1: crimes in every market where Donald Trump holds a rally 523 00:28:20,800 --> 00:28:23,680 Speaker 1: in the days. But we have, I mean, we have 524 00:28:23,720 --> 00:28:26,560 Speaker 1: a rising problem from the right and the left, and 525 00:28:26,840 --> 00:28:28,920 Speaker 1: to try and paint a picture that it's strictly just 526 00:28:29,040 --> 00:28:36,399 Speaker 1: a problem with a problem with these people. They just tweet. 527 00:28:36,840 --> 00:28:39,479 Speaker 1: But I'm back on by social media cleanse all right, 528 00:28:39,480 --> 00:28:42,120 Speaker 1: See I got you laughing again. It's Monday? Did you 529 00:28:42,120 --> 00:28:45,600 Speaker 1: give up Twitter for LNT? I actually, okay, you really 530 00:28:45,640 --> 00:28:47,240 Speaker 1: want to know? We really I should not say this, 531 00:28:47,360 --> 00:28:50,840 Speaker 1: but Kevin Focus, I'm no, I'm not giving anything up 532 00:28:50,880 --> 00:28:53,440 Speaker 1: this year. I'm gaining things. So I'm reading C. S. 533 00:28:53,520 --> 00:28:56,840 Speaker 1: Lewis every morning. So yeah, okay, not that I'm like, 534 00:28:57,040 --> 00:28:58,600 Speaker 1: I don't I didn't want to say that that. See 535 00:28:58,640 --> 00:29:02,400 Speaker 1: what happens? Okay, Focus, what's on your radarist? Well, what's 536 00:29:02,440 --> 00:29:06,800 Speaker 1: on my radar besides Amazon Prime is? But I think 537 00:29:06,840 --> 00:29:09,800 Speaker 1: it's this. It's this coronavirus situation. There's a region of 538 00:29:09,880 --> 00:29:11,880 Speaker 1: Italy right now we're ten percent of their nurses and 539 00:29:11,960 --> 00:29:14,560 Speaker 1: doctors have been quarantined because they too have been exposed. 540 00:29:14,960 --> 00:29:16,800 Speaker 1: And that creates a problem in terms of the strain 541 00:29:17,000 --> 00:29:19,080 Speaker 1: on the public health sector. And that's something that we 542 00:29:19,160 --> 00:29:20,600 Speaker 1: have to be weary of, is that we have to 543 00:29:20,640 --> 00:29:22,800 Speaker 1: make sure that that our healthcare professionals are able to 544 00:29:23,200 --> 00:29:25,560 Speaker 1: to continue to operate. I hope this administration does it 545 00:29:25,680 --> 00:29:27,960 Speaker 1: right because it's in the interest of every American. But 546 00:29:28,040 --> 00:29:31,040 Speaker 1: I have concerns about the Trump Administration's approach. I mean, 547 00:29:31,680 --> 00:29:34,160 Speaker 1: so last week there was so much volatility and and 548 00:29:34,280 --> 00:29:37,920 Speaker 1: look for Bloomberg's audience, we've truthfully been talking about the 549 00:29:38,000 --> 00:29:41,520 Speaker 1: coronavirus for it feels like the past month, especially given 550 00:29:41,560 --> 00:29:44,200 Speaker 1: the ups and downs and the markets over it. But 551 00:29:44,360 --> 00:29:46,440 Speaker 1: to come back on Monday and have the Dow rally 552 00:29:46,640 --> 00:29:48,960 Speaker 1: one thousand, two hundred and nine points, which is the 553 00:29:49,000 --> 00:29:51,960 Speaker 1: most in its history, over an expected phone call of 554 00:29:52,080 --> 00:29:53,760 Speaker 1: the G seven, And that's and that's sort of what's 555 00:29:53,800 --> 00:29:56,440 Speaker 1: interesting is that that's great that they're rallying around the 556 00:29:56,760 --> 00:29:59,240 Speaker 1: potential for this phone call, but you also have realities 557 00:29:59,280 --> 00:30:03,120 Speaker 1: like Apple uh downgrading it's forecasts, and Nike and others 558 00:30:03,200 --> 00:30:06,920 Speaker 1: because their workforce is affected by this in China and 559 00:30:07,120 --> 00:30:09,120 Speaker 1: it's going to be affected in another place. I hear you, know, 560 00:30:09,320 --> 00:30:12,720 Speaker 1: I totally hear you. And and there's no denying that 561 00:30:12,880 --> 00:30:16,600 Speaker 1: the that the cost that this has had on businesses 562 00:30:16,800 --> 00:30:19,800 Speaker 1: we talked about every day Bloomberg TV Bloomberg Radio. But 563 00:30:20,600 --> 00:30:23,160 Speaker 1: I mean to have the Dow rally the most in 564 00:30:23,760 --> 00:30:28,360 Speaker 1: its history in a day on Monday, it shows projects 565 00:30:28,480 --> 00:30:32,120 Speaker 1: confidence from Wall Street and traders around the world. Uh, 566 00:30:32,320 --> 00:30:37,640 Speaker 1: in not just Washington, but in the whole economic system. 567 00:30:38,040 --> 00:30:40,320 Speaker 1: But Friday, that's just that we live in an era 568 00:30:40,360 --> 00:30:45,120 Speaker 1: of instability, and Democrats have to be careful about rooting 569 00:30:45,160 --> 00:30:47,680 Speaker 1: against the economy. We're not against. I'm not saying you are. 570 00:30:47,680 --> 00:30:50,680 Speaker 1: I'm saying you have to be careful concerned that the 571 00:30:50,760 --> 00:30:54,000 Speaker 1: instability that Donald Trump causes creates volatility like we saw 572 00:30:54,080 --> 00:30:58,520 Speaker 1: Friday and today. What did he do on Friday that 573 00:30:59,480 --> 00:31:03,920 Speaker 1: that you think added volatility to the corrola that I 574 00:31:03,960 --> 00:31:06,400 Speaker 1: think there was a genuine concern about the ability of 575 00:31:06,440 --> 00:31:08,560 Speaker 1: the Trump administration to respond to it when there was 576 00:31:08,640 --> 00:31:11,360 Speaker 1: complete inner breakdown in the administration on how they're going 577 00:31:11,400 --> 00:31:14,440 Speaker 1: to respond. Alex Hazar was surprised to hear that Mike 578 00:31:14,480 --> 00:31:17,280 Speaker 1: Pence had been assigned as a sort of coronavirus are 579 00:31:17,440 --> 00:31:20,320 Speaker 1: because he was doing his own stuff at that moment 580 00:31:20,400 --> 00:31:21,920 Speaker 1: where he was assuring people that there wouldn't be that 581 00:31:21,960 --> 00:31:23,880 Speaker 1: he had it under control. So there's been a lot 582 00:31:23,920 --> 00:31:28,080 Speaker 1: of miscommunication and lack of coordination and downplaying science, and 583 00:31:28,160 --> 00:31:31,200 Speaker 1: an administration that downplay science is dangerous at the time 584 00:31:31,240 --> 00:31:33,120 Speaker 1: when you have health concerns that depend on science. So 585 00:31:33,200 --> 00:31:35,320 Speaker 1: I hear, I hear what you're saying. But I think 586 00:31:35,360 --> 00:31:39,719 Speaker 1: the reporter of me once the press and say, well, 587 00:31:39,760 --> 00:31:43,320 Speaker 1: we don't have a major outbreak, that we don't know 588 00:31:43,520 --> 00:31:46,920 Speaker 1: yet what the situation is. And hopefully our healthcare professionals 589 00:31:46,960 --> 00:31:48,200 Speaker 1: we have some of the best in the world, and 590 00:31:48,680 --> 00:31:50,640 Speaker 1: and there's every reason to believe that the CDC has 591 00:31:50,680 --> 00:31:53,800 Speaker 1: a strong infrastructure. But Donald Trump creates a lot of 592 00:31:53,840 --> 00:31:56,920 Speaker 1: instability that is bad for markets as we saw Friday 593 00:31:57,200 --> 00:31:59,800 Speaker 1: that might have rallied today but could drop again tomorrow Friday. 594 00:31:59,840 --> 00:32:02,520 Speaker 1: So it's we're rooting for the markets, we're rooting for 595 00:32:02,600 --> 00:32:05,720 Speaker 1: a strong economy, but we're concerned about the instability that 596 00:32:05,760 --> 00:32:08,080 Speaker 1: Donald Trump brings. All Right, I think because the reason 597 00:32:08,120 --> 00:32:09,920 Speaker 1: I'm pressing you, and of course you come on here 598 00:32:09,960 --> 00:32:11,360 Speaker 1: and you're so good about this stuff, so I'm not 599 00:32:11,360 --> 00:32:12,960 Speaker 1: I'm not trying to play gotcha with it, and I 600 00:32:13,000 --> 00:32:15,440 Speaker 1: don't think I'm coming off that way. My attention, though, 601 00:32:15,520 --> 00:32:19,040 Speaker 1: is I'm thinking about the independent voters, the seventy thousand 602 00:32:19,080 --> 00:32:22,400 Speaker 1: who voted for Obama, who then went to Trump, and 603 00:32:22,680 --> 00:32:25,720 Speaker 1: they're what doesn't matter what the three of us think. 604 00:32:25,760 --> 00:32:27,400 Speaker 1: It doesn't matter what the three of us think of 605 00:32:27,440 --> 00:32:29,440 Speaker 1: the economy, or anyone in the city thinks of the economy. 606 00:32:29,480 --> 00:32:31,760 Speaker 1: It matters what there's seventy people think of the economy. 607 00:32:31,960 --> 00:32:34,480 Speaker 1: And that's what I'm very curious to see how this, 608 00:32:34,880 --> 00:32:37,720 Speaker 1: if the coronavirus, will play into our factor into that 609 00:32:38,480 --> 00:32:41,560 Speaker 1: as well. Now, I think you're You're exactly right, And 610 00:32:41,640 --> 00:32:43,720 Speaker 1: I do think the Democrats run the risk because I 611 00:32:43,760 --> 00:32:45,680 Speaker 1: said earlier, of overre playing their hand on this thing. 612 00:32:45,760 --> 00:32:49,080 Speaker 1: I think, uh, there'll be plenty of opportunity to talk 613 00:32:49,120 --> 00:32:52,680 Speaker 1: about the success or failure of what the administration did 614 00:32:52,800 --> 00:32:55,719 Speaker 1: or didn't do, uh, once we get this behind us, 615 00:32:55,760 --> 00:32:58,800 Speaker 1: But to to engage in in uh, you know, the 616 00:32:58,880 --> 00:33:01,640 Speaker 1: kind of rhetoric that we're seeing now. In fact, you know, 617 00:33:01,760 --> 00:33:06,440 Speaker 1: candidates are literally running commercials uh to undercut the confidence 618 00:33:06,440 --> 00:33:08,880 Speaker 1: of the American people in the administration's ability to handle 619 00:33:08,960 --> 00:33:12,080 Speaker 1: this as they're as they're mounting presidential campus. The other thing. 620 00:33:12,120 --> 00:33:14,360 Speaker 1: And again, and I'm not I'm not trying to downplay 621 00:33:14,440 --> 00:33:17,840 Speaker 1: either side and how the messaging is, but I really 622 00:33:17,880 --> 00:33:20,480 Speaker 1: do think one. And you both know this, having worked 623 00:33:20,480 --> 00:33:22,560 Speaker 1: in this town for for so long, you have to 624 00:33:22,600 --> 00:33:25,280 Speaker 1: be able to divorce the cable news fodder left versus 625 00:33:25,480 --> 00:33:28,880 Speaker 1: right from the actual policy that goes on and gets 626 00:33:28,920 --> 00:33:31,520 Speaker 1: down behind the scenes. And there is not a fight 627 00:33:31,880 --> 00:33:34,800 Speaker 1: over the six to eight billion dollars coming out of Congress, 628 00:33:35,560 --> 00:33:38,640 Speaker 1: which makes me think that ever that the McConnell and 629 00:33:38,760 --> 00:33:43,360 Speaker 1: Pelosi and Trump are on the same page, they're not 630 00:33:43,480 --> 00:33:49,040 Speaker 1: having this major battle over withholding funds. Are Are you right? 631 00:33:49,400 --> 00:33:52,680 Speaker 1: It's not the wall, It's not it's not the wall. No, No, 632 00:33:52,800 --> 00:33:55,480 Speaker 1: I expect that there will be some some cohesion there. 633 00:33:56,080 --> 00:33:59,880 Speaker 1: But look, some of the stuff shifts depending on who's 634 00:33:59,880 --> 00:34:01,480 Speaker 1: in charge at the time. I mean, you think about 635 00:34:01,520 --> 00:34:04,480 Speaker 1: how Republicans reacted when Barack Obama made a deal for 636 00:34:04,560 --> 00:34:07,160 Speaker 1: five Taliban for bull Burkedal. And now they're all lining 637 00:34:07,200 --> 00:34:09,360 Speaker 1: up behind Trump, who's about to give up fifty thousand 638 00:34:09,400 --> 00:34:12,600 Speaker 1: Taliban soldiers, and and you see the hypocrisy there that 639 00:34:12,640 --> 00:34:14,520 Speaker 1: happens in Washington from you know, it's on my radar. 640 00:34:14,600 --> 00:34:16,440 Speaker 1: I can't believe I'm about to say this. You know 641 00:34:16,480 --> 00:34:20,560 Speaker 1: it's on my radar. Hillary Clinton, did you see this headline? 642 00:34:20,600 --> 00:34:22,839 Speaker 1: On the Bloomberg terminal. Former U S Secretary of State 643 00:34:22,960 --> 00:34:27,160 Speaker 1: Hillary Clinton must submit to a deposition by Judicial Watch, 644 00:34:27,600 --> 00:34:31,359 Speaker 1: a conservative group that's sued over the use of her 645 00:34:31,440 --> 00:34:35,240 Speaker 1: private email server. This according to a federal judge, Clinton 646 00:34:35,320 --> 00:34:38,320 Speaker 1: has submitted extensive evidence about her use of the servile 647 00:34:38,400 --> 00:34:41,719 Speaker 1: while in office, but US District Judge Royce Lambert said 648 00:34:41,760 --> 00:34:45,640 Speaker 1: Monday in Washington that questions remain about the reasons for 649 00:34:45,719 --> 00:34:48,480 Speaker 1: doing so. We're still talking about the emails. You're still 650 00:34:48,480 --> 00:34:52,200 Speaker 1: talking about the Wall. Happy Monday, folks, Super Tuesday Monday. 651 00:34:52,320 --> 00:34:54,560 Speaker 1: Thank you Louis, Thank you, Matt Brooks. I'm checking early 652 00:34:54,640 --> 00:34:57,239 Speaker 1: Chief Washington Correspondent fro Bloomberg TV and radio, and you're 653 00:34:57,320 --> 00:34:58,640 Speaker 1: listening to Bloomberg.