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Speaker 1: Why from our nation's camera. How do we reopen this economy?

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

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

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

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

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

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

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

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

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Speaker 1: m h D two the fetcies zero rates, zero rates

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Speaker 1: through two and commits to keep buying bonds. Plus President

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Speaker 1: Trump says US military basis are going to retain Confederate names.

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Speaker 1: This is the flags are coming down. And Secretary of

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Speaker 1: Jrudgury Stephen Manutian telling lawmakers on Capitol Hill that he's

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Speaker 1: backing a new stimulus target to stragglers in reopening. And

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Speaker 1: George Floyd's brother says that he's tired of the pain. Meanwhile,

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Speaker 1: We're gonna check in with Francesca Chambers for all of

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Speaker 1: the latest coming from the White House. She, of course,

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Speaker 1: is the white House correspondent for McClatchy. Jack Ryan, co

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Speaker 1: founder and CEO of Rex Real Estate Exchange, will join us.

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Speaker 1: Not that check Ryan, the other check Ryan, Josh Green,

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Speaker 1: national correspondent for Bloombird Business Week, and Stoddard. Francesca Chambers

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Speaker 1: is on the line. She's a white House reporter for McClatchy.

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Speaker 1: Francesco you staying hydrated? You know. I have actually made

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Speaker 1: it my goal to drink the recommended eight to ten

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Speaker 1: cups the water day. I'm failing miserably at it, but

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Speaker 1: I'm trying. Can I can I be a little awkward,

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Speaker 1: like I think the reason I cut back my water

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Speaker 1: intake was because nothing's open, so when you gotta go,

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Speaker 1: there's nowhere to go. So that's you know. But now

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Speaker 1: I'm like, okay, keV, drink the water. Okay, enough about that,

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Speaker 1: t M I I apologize Baradas in the video chat

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Speaker 1: like cringing. This is not a good start to the show. Okay,

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Speaker 1: President Tromp, he can be in the cabinet today. What

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Speaker 1: did he say? I mean with the Confederate flags, but

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Speaker 1: they're going to retain Confederate names. How do you retain

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Speaker 1: Confederate names. Okay, so President Trump was meeting in the

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Speaker 1: Cabinet room with a group of African American supporters of

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Speaker 1: his and as well as staff this afternoon, and we

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Speaker 1: got to see a glimpse of that that that event

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Speaker 1: that's still playing out right now. Actually, um, and you know,

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Speaker 1: the President really doesn't want to change the names of

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Speaker 1: these of these bases that are that are in North

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Speaker 1: Carolina and other places. The White House really showing resistance

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Speaker 1: to that today. But but it is an interesting storyline,

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Speaker 1: of course that is now developing in the context these

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Speaker 1: other things that we're talking about, which is the policing

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Speaker 1: reforms that we're still waiting to hear from for the

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Speaker 1: White House. We're also still leading to hear from them

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Speaker 1: for their their plan on COVID nineteen and how to

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Speaker 1: combat that in the African American community as well. All

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Speaker 1: those details are also coming up in this meeting today.

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Speaker 1: So you know, I find it interesting because at this

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Speaker 1: they goes through and Republicans and Leader McConnell are able

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Speaker 1: to back some type of common sense reforms here, you know,

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Speaker 1: I mean, this would arguably help the president out on

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Speaker 1: the campaign trail in terms of suburban America would it not.

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Speaker 1: So here's here's the thing. Within the Republican Party. There

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Speaker 1: seems to be a division right now about these reforms.

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Speaker 1: You're hearing some folks on Capitol Hoss saying that, look,

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Speaker 1: they think that there should be left of to the states,

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Speaker 1: which has basically been their position on a lot of things,

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Speaker 1: especially related to COPD Nintino, their issues that have been

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Speaker 1: coming up and now on policing as well. But then

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Speaker 1: you have other Republicans today saying, as there was a

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Speaker 1: House Judiciary rain that was going on on policing issues today,

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Speaker 1: that they could get behind things like an anti lynching

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Speaker 1: provision in the bill, and they could also get behind

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Speaker 1: things that would span the chokehold for police as well.

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Speaker 1: So they're not unwilling. But again, you have to have

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Speaker 1: a majority of votes, and what can be supported in

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Speaker 1: the House where Democrats are in control, and then what

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Speaker 1: can be supported with the majority in the Senate where

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Speaker 1: Republicans are in can troll. That's always the issue here,

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Speaker 1: and there doesn't seem to be looks like Francesca Chambers

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Speaker 1: on the line, she's a White House reporter, former classy

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Speaker 1: news that she's all over the story. She's been one

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Speaker 1: of the leading reporters on it. To appreciative of her

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Speaker 1: being able to break this down. I want to put

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Speaker 1: on my political cap for a second, because we're looking

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Speaker 1: at these national polls, we're looking at the battleground polls.

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Speaker 1: The president's trailing former Vice President Joe Biden Uh in

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Speaker 1: these polls, particularly as a response to the last couple

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Speaker 1: of weeks. However, if you're leader McConnell, if you're if

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Speaker 1: you're the Republican Party and you're looking at some of

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Speaker 1: these swing districts, that concerns you, and there now would

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Speaker 1: seemingly be an impetus or some type of momentum to

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Speaker 1: get to some type of compromise on these issues. Now

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Speaker 1: it comes at a time, quite frankly, when yes, they

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Speaker 1: could Republicans, could you know, say I'll leave it up

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Speaker 1: to the cities. This you know, this isn't the problem,

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Speaker 1: but the the events of the last week and a

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Speaker 1: half playing out on New US and social media platforms

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Speaker 1: across the country. And then you've got, of course, the

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Speaker 1: brother of George Floyd Francesca you mentioned this testifying and

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Speaker 1: such compelling, compelling terms today before the House Judiciary Committee.

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Speaker 1: UH And he said quote, I'm tired of pain. The

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Speaker 1: pain you feel when you watch something like that, when

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Speaker 1: you watch your big brother who you looked up to

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Speaker 1: for your whole life die, die, begging for his mom.

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Speaker 1: I'm here to ask you to make it stop. Stop

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Speaker 1: the pain. I mean, it really is absolutely gut wrenching

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Speaker 1: testimony that we're hearing. And then we get the reports

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Speaker 1: from our friends over at Politico Jake Sherman and Anna

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Speaker 1: Palmer and Political Playbook, where they're reporting that there have

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Speaker 1: been now several Republicans and the Senate lunches that have convened,

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Speaker 1: and they're still saying that they're talking not to Leader McConnell,

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Speaker 1: but to the to the to the Conservatives who don't

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Speaker 1: want to do this, and saying you absolutely have to

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Speaker 1: step up to the plate here in terms of policy.

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Speaker 1: And is the President all in on this, Francesca? I

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Speaker 1: mean he said in jaire and who else is up there?

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Speaker 1: Mark Meadows? Yeah, yeah, with with Senator Tim Scott. Is

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Speaker 1: the President all in on this? Does he want to

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Speaker 1: see this done? The White House is being very very

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Speaker 1: reactive at this point to this. Right, you saw the

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Speaker 1: legislation that was coming out from Democrats on Capitol Hill,

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Speaker 1: Mitch McConnell puts Tim Scott in putting together something on

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Speaker 1: the Senate side, the White House spending staff over to

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Speaker 1: meet with Tim Scott. At the same time, the White

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Speaker 1: House now says that it's working on some sort of

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Speaker 1: an executive order that could potentially do some of these things.

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Speaker 1: Not oneent sure what that would look like. Tim Scott

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Speaker 1: even saying today to reporters that he isn't working with

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Speaker 1: the White House on the EO. So it definitely looks

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Speaker 1: like the White House recognizes this as a moment where

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Speaker 1: the President must do something, but they aren't quite there

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Speaker 1: into figuring out what it is yet. Now he we

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Speaker 1: could see more details of this come out tomorrow and

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Speaker 1: in the coming days. The White House to say though,

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Speaker 1: that he's been working on it for the past ten days. Ever,

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Speaker 1: then George Boyd's steps, and we still have not seen

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Speaker 1: them take a forceful position on many of the policing

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Speaker 1: reforms that are under discussion currently. Meanwhile, you've got the

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Speaker 1: latest coming from from Virginia and Richmond. The Associated Press

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Speaker 1: reports a statue of Christopher Columbus and Richmond was torn

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Speaker 1: down by protesters, set on fire, and then thrown into

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Speaker 1: a lake. The figure was toppled less than two hours

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Speaker 1: after protesters gathered in the city's Bird Park, and we're

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Speaker 1: chanting for the statue to be taken down. So a

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Speaker 1: lot happening in Virginia, of course, a lot happening, uh

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Speaker 1: playing out culturally. I mean Tom Keene and I we're

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Speaker 1: talking about this on air on Bloomberg Surveillance earlier this

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Speaker 1: morning on Bloomberg TV, where we were talking just about culturally,

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Speaker 1: how there it's this moment of reckoning It really it

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Speaker 1: really does feel like that's what are we going to

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Speaker 1: hear from from President Trump and Dallas Francesco. Well, the

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Speaker 1: President has been preaching an economic message as his best

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Speaker 1: way to respond to this. The White House certainly feels

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Speaker 1: that unemployment was very low, and if they can make

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Speaker 1: bring unemployment down significally at this point for everybody, then

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Speaker 1: that would necessarily mean that unemployment would also be brought

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Speaker 1: down for African Americans. And still pushing this message of

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Speaker 1: how much he's done for HBCU. However, even black conservatives,

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Speaker 1: who I have spoken to repeatedly even before George George

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Speaker 1: Ployd's death, have been urging the present in the White

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Speaker 1: House to do more on these issues, particularly when it

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Speaker 1: comes to COVID nineteen, making sure that they're expanding testing

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Speaker 1: in these communities, particularly because African Americans have been disproportunately affected,

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Speaker 1: and so that is those are all things that could

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Speaker 1: exit to come up. But again I'd expected to be

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Speaker 1: a more of an economic push. All right, freend Jessica

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Speaker 1: Chambers of McClatchy news Hey, we'll have yourself a cup

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Speaker 1: of water of Kevin severely more. Next, you're listening to

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Speaker 1: Bloomberg nine nine one. This is Bloomberg Sound On with

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

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Speaker 1: f M HD two. I'm Kevin Cirelli, Chief Washington correspondent

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Speaker 1: for Bloomberg Television UH and for Bloomberg Radio. The fedcies

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Speaker 1: zero rates through two and commits to keep buying bonds.

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Speaker 1: Reading now from the Bloomberg Terminal, Greig Torres and Matthew

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Speaker 1: Bosler report, the Federal Reserve pledged to maintain at least

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Speaker 1: the current pace of asset purchases and projected interest rates

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Speaker 1: will remain near zero through this as Chairman Jerome Powell

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Speaker 1: committed the Central Bank to using all of its tools

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Speaker 1: to help the economy recover from the Corona virus. We're

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Speaker 1: not even thinking about raising rates, Powell said in a

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Speaker 1: video press conference earlier today. We are strongly committed to

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Speaker 1: using our tools to do whatever we can for as

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Speaker 1: long as it takes. President Trump likes to call cheer

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Speaker 1: is most improved player, his most improved player. You know,

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Speaker 1: I was struck by this. He got monution on the

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Speaker 1: hill today. Yesterday you had f h F h F

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Speaker 1: A director, Mark Callabria saying that he's been encouraged his word,

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Speaker 1: encouraged by incoming data on the state of the mortgage markets. Um.

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Speaker 1: And he's saying that following some contraction in the mortgage

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Speaker 1: market activity in March and April, the purchase market appears

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Speaker 1: to be rebounding, and combined purchase and refinancing mortgage application

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Speaker 1: activity has increased to levels last scene in two thousand

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Speaker 1: and thirteen. So it looks like real estates doing pretty good. Folks.

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Speaker 1: You know, so much uncertainty, but he's encouraged. Collabria is

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Speaker 1: encouraged by the incoming housing market data. With that in mind,

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Speaker 1: let's check in with Jack Ryan. Not that Jack Ryan,

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Speaker 1: This Jack Ryan. He's the co founder and CEO of

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Speaker 1: the Rex Real Estate Exchange, and they specialize in and

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Speaker 1: it's a new kind of way to do business with

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Speaker 1: artificial intelligence and housing issues. But I want to check

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Speaker 1: in just Jack. First of all, with a name like that,

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Speaker 1: you've got to get a lot of questions. I do

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Speaker 1: have a lot of questions about that, UM, but I

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Speaker 1: can't really answer them. The story is loosely based in

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Speaker 1: my life, so I really can't tell you. Wow. I

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Speaker 1: was like, Wow, let's rip up the script, let's go there. Okay,

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Speaker 1: So where where are we in terms of the housing

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Speaker 1: market during in this environment? Jack? Well, for UM sellers

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Speaker 1: it's really good because rates are so low and there's

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Speaker 1: a little inventory, so that so for sellers it's really good.

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Speaker 1: And that's a good for buyers because there's not much

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Speaker 1: inventory and everybody's really fighting to get the same homes.

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Speaker 1: But one thing, Kevin, that UM, I think you might

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Speaker 1: be interested in is I think that you've often said

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Speaker 1: that your favorite story is the one no one else

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Speaker 1: was telling. So this is gonna be your most favorite

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Speaker 1: story of all time because it's the time ready for it? Okay,

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Speaker 1: So here's here's the here's the amazing story is that

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Speaker 1: the price of selling homes in the US is about

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Speaker 1: six percent on average, which is three times higher than

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Speaker 1: almost anywhere else in the globe, or at least in

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Speaker 1: the developed world. So why is it resident of real

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Speaker 1: estate fees are like two or three times higher than

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Speaker 1: any of else in the country. And I asked that

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Speaker 1: question because to me, there is no reason for that.

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Speaker 1: And when fees go down to you know, we charged

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Speaker 1: two percent, but eventually I think they'll go to zero,

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Speaker 1: the amount of job mobility is gonna go so far up.

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Speaker 1: It won't be so risky to buy a home anymore.

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Speaker 1: The normal people can buy homes will go you know

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Speaker 1: away up because right now this this artificial six percent

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Speaker 1: tax attached to every home, and a lot of the

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Speaker 1: labored union jobs, the trade union jobs, and service jobs

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Speaker 1: are clustered around buying a home. So your carpenter or

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Speaker 1: your plumbers, your electricians, contractors, and so when the fees

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Speaker 1: are so high to buy or sell a home, all

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Speaker 1: those attacked industries are being suppressed. So I know you

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Speaker 1: love covering policy matters and economic matters, but I think

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Speaker 1: one of the biggest untold stories right now is the

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Speaker 1: fact that there's this group called the MLS the National

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Speaker 1: Association Real or in the mls IS that have these

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Speaker 1: fees are so high relative to selling a home in

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Speaker 1: the UK or some other part in the globe, and

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Speaker 1: it's just constraining so much of the US economy for

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Speaker 1: reasons that can't be discerned and so um to extent

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Speaker 1: that you and your listeners like to talk about policy matters,

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Speaker 1: economic matters and kind of stories that aren't being told.

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Speaker 1: This is a really huge one and the really cool,

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Speaker 1: I guess cool making interesting news is in the last

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Speaker 1: three months has been four four suits filed against the

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Speaker 1: National Association of Realtors and the mls IS and some

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Speaker 1: of the biggest providers of mortgage services saying this is

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Speaker 1: a big cartel and asking of federal courts to intervene

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Speaker 1: to make the buying and selling a home more price

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Speaker 1: competitive from a transactional cost point of view. Jack Ryan's

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Speaker 1: on the line. He is a co founder and CEO

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Speaker 1: of Rex Real Estate Exchange. We're talking about the housing

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Speaker 1: market right now and also how artificial intelligence and housing

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Speaker 1: issues could impact America's workforce in the post COVID landscape.

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Speaker 1: Your your company is really at the at the forefront

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Speaker 1: of that, Jack, How how do you see the changes

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Speaker 1: that have impacted the housing market currently in the pandemic

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Speaker 1: or any of those changes going to to stick around,

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Speaker 1: especially as as things like artificial intelligence become more mainstream,

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Speaker 1: uh in in the economy. Yeah, so Kevin, you know

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Speaker 1: what's happened. Of course, we we built our business to

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Speaker 1: push the entire transaction into the cloud. Of course, sometimes

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Speaker 1: you want to see the house, you want to go

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Speaker 1: see it three or four times. Uh. We already built

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Speaker 1: the tools to do a lot of it virtually. And

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Speaker 1: so when people think about selling a house, a lot

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Speaker 1: of times is do it over the TV screens or

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Speaker 1: a video screen. But even in seeing a house, are

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Speaker 1: our number of transactions or someone's body sold the house

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Speaker 1: without over seeing a human is up about to the

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Speaker 1: last three month? Wait wait, wait, see this is fascinating me.

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Speaker 1: This is like Love is Blind real Estate Edition. Would

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Speaker 1: you buy a home without ever stepping foot in it?

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Speaker 1: I don't think I could do that, But then I

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Speaker 1: was thinking. But when I was prepping for this interview,

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Speaker 1: I was like, okay, but I would never go to

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Speaker 1: a potential home unless I saw pictures of it online.

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Speaker 1: Which is fascinating because it's that it's attention, go ahead,

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Speaker 1: I didn't mean interrupt. Well, kept that a great point

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Speaker 1: um in terms of like how many times do you

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Speaker 1: have to see it in person? Like I think a

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Speaker 1: quarter of our homes fill in the last or three

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Speaker 1: months were without the humans seeing it in physical form,

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Speaker 1: but they saw it with one of our people walking

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Speaker 1: them through the house with an iPad or a video

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Speaker 1: camera to show them that you want to see that

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Speaker 1: closet more do you want to have a better view

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Speaker 1: of the bedroom. So they have seen it in the

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Speaker 1: may have seen it in the twentieth century way, but

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Speaker 1: now who's doing that? Well, people have to move from

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Speaker 1: you know, Massachusetts to Texas, but they really can't, you know,

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Speaker 1: buy the house because we're all shut down orders or something.

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Speaker 1: Some investors are buying homes and they just need to

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Speaker 1: know it's three thousand square feet in the suppers of Austin.

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Speaker 1: That's good enough for them. But most of the business

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Speaker 1: can be done just as well through a video. I

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Speaker 1: know you want to see if you're kind of body

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Speaker 1: fits in the space, but for many people that's not

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Speaker 1: necessary or they can't even do it right now. I

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Speaker 1: don't think that world's changing By the way, Kevin, I

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Speaker 1: don't think. I think, you know, increasingly people have said

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Speaker 1: you do most of this, you know, online in video form.

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Speaker 1: No left people won't want to do it that way,

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Speaker 1: and Rex can accommodated. You want to do it in

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Speaker 1: person too, But that's really happening. By the way, the

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Speaker 1: last people about that. We gotta go, Jack, we gotta go, Buddy.

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Speaker 1: Thank you, Thank you Jack, Ryan CEO and co founder

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Speaker 1: REX real Estate Exchange, appreciate it more. Next, this is

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Speaker 1: liber did I wanted? This is Bloomberg's sound on with

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Speaker 1: Kevin Surley on Bloomberg and one oh five point seven

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Speaker 1: f M HD two. Did you see this in Bloomberg

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Speaker 1: Business Week? I saw this. I thought, oh oh boy,

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Speaker 1: NFL draft and Peloton allfer a roadmap for virtual conventions.

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Speaker 1: I thought, we're gonna be on a bike when Joe

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Speaker 1: Biden gives the gives the convention speech. Kelly gilb Lam

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Speaker 1: reports in Bloomberg Business Week that, uh, the NFL draft

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Speaker 1: and how they've been holding you know, virtual stuff and

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Speaker 1: Peloton bikes could actually potentially be sort of them. How

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Speaker 1: do I say this sort of the look and feel,

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Speaker 1: the vibe of the potential virtual convention. Dan Abrams He

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Speaker 1: is uh a former MSNBC anchor and founder of Mediaite

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Speaker 1: l l C. Dan abrams He says that a successful

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Speaker 1: virtual approach to amping up voter energy will quote feel

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Speaker 1: like a peloton class. In those classes, the instructor pedals

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Speaker 1: in the dark room with mood lighting, while exercisers following

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Speaker 1: at home can watch their progress on the leaderboard. We

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Speaker 1: all know that, so convention organizer organizers could hypothetically replace

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Speaker 1: the peloton instructor with the candidate, the dark room with

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Speaker 1: the Grand Canyon or a Black Lives Matter protests, the

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Speaker 1: music with clapping sounds, and the leaderboard with scrolling reaction tweets.

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Speaker 1: Done well, abram says, it would feel participatory and alive.

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Speaker 1: Done wrong, it could be pretty bad. Remember the chair,

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Speaker 1: Remember the chair with what's his face? Oh my gosh

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Speaker 1: at the Republican at the Republican Convention with who was Eastwood?

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Speaker 1: Naturally for the win in the group chatter, one of

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Speaker 1: our producers, Clint Eastwood in that chair. It could be

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Speaker 1: like that, but a peloton, I don't know. Josh Green's

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Speaker 1: on the line of Bloomberg Business Week, Josh, are you

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Speaker 1: kidding me? A peloton convention. It's a weird year, you know,

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Speaker 1: strange stuff. All right, You've got another to compete with

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Speaker 1: other reporters, Guys like you that run twenty miles a day.

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Speaker 1: Oh my gosh, show my. I gotta drink more water, Josh,

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Speaker 1: you missed my whole spiel. I was dehydrated. Josh. You

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Speaker 1: have a story out which I love, and you did

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Speaker 1: a great job on it. Um and it's headline, presidents

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Speaker 1: lose when there's an election year of recession. All right,

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Speaker 1: we're in a recession. How do you feel or how

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Speaker 1: does Trump world feel about what's going down? Well? You

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Speaker 1: know what what what kicked off this pieces On Monday?

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Speaker 1: The National Bureau of Economic Research, which is the official

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Speaker 1: government decider of when we are and are not in recession,

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Speaker 1: kind of came out and announced that we hand a

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Speaker 1: recession beginning in February, which anybody with a pulse in

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Speaker 1: a you know, cable news subscription probably already knew, but

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Speaker 1: still it made it official. And you know, I was,

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Speaker 1: as I was poking around some NVR data, I noticed,

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Speaker 1: you know, they've they've been calling recessions. They have economic

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Speaker 1: data on recessions that goes back to eighteen fifty four

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Speaker 1: when Franklin Pierce was president, and so I just got curious.

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Speaker 1: I mean, it's it's it's terrible luck for a president

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Speaker 1: like Trump to wind up with a recession in an

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Speaker 1: election here for obvious reasons. But I got curious about

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Speaker 1: the historical record both how many election year recessions there

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Speaker 1: have been and how the presidents and parties fared in those.

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Speaker 1: So I spent a day sort of digging through all

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Speaker 1: that info and and sort of you know, brought all

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Speaker 1: the data into this piece and the too long didn't

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Speaker 1: read it line on on the columns. Essentially, no president

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Speaker 1: has ever won re election, their party has never held

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Speaker 1: on to the White House when the economy has entered

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Speaker 1: recession in a presidential election year. So how is Trump feeling?

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Speaker 1: I think he's probably not feeling too good. So you

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Speaker 1: you were board, and that the most closely aligned historical

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Speaker 1: record for this current uh moment that we're in this

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Speaker 1: eighty with Jimmy Carter. Why that is well? And I

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Speaker 1: should preface this by saying, you know, looking at all

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Speaker 1: hundred and seventy years of data, there have only been

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Speaker 1: five times in American history where the economy has gone

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Speaker 1: into recession and election year. So this isn't like I'm

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Speaker 1: operating from like a huge sample size. In the first

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Speaker 1: one of those, I'm sure your reasons units, and that

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Speaker 1: was in eighteen sixty when Abraham Lincoln won from the Democrats.

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Speaker 1: And obviously the reigning issue that year wasn't the wasn't

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Speaker 1: wasn't wasn't recession. Um. But with that, with that proviso, UH,

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Speaker 1: the nearest approximation by far is the election when Jimmy

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Speaker 1: Carter was president. The economy went into recession in January

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Speaker 1: that year. UH, And in June NBR came out and said, yep,

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Speaker 1: we're intercession. Looks like things gonna be really bad. Fast

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Speaker 1: forward five months, Car loses reelection. It's almost identical to

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Speaker 1: the day NBR came out, UH in June said we

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Speaker 1: entered a recession in February. Now Trump has less than

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Speaker 1: five months to turn things around if he wants to

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Speaker 1: win a second term. But so, I hear you on that.

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Speaker 1: But we've never had a pandemic. I mean, I mean, so,

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Speaker 1: I I think you look at the jobs report on Friday,

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Speaker 1: two point five million jobs added to the U. S economy,

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Speaker 1: and you know, we can dissect and people are debating

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Speaker 1: the legitimacy and what that means and whatnot. But if

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Speaker 1: you're in Trump world, you're going to push that and

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Speaker 1: say we want to reopen. Democrats want to shut down.

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Speaker 1: So if you want to recovery, just stick with stick

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Speaker 1: with our and don't go d because they want to

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Speaker 1: keep things much more low key. Is that is that

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Speaker 1: kind of the that's the battle line. That's definitely the

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Speaker 1: battle line. But what's interesting, and I think what gives

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Speaker 1: sustenance to the Trump campaign's argument, is that, um, if

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Speaker 1: you go back to Jimmy Carter's recession in eighty the

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Speaker 1: National Bureau of Economic Research essentially said the same thing

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Speaker 1: I was going through. I sort of geeked out to

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Speaker 1: the level of, like I actually went back and read

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Speaker 1: all the press releases, and you know, in June, in

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Speaker 1: June of nineteen eighties, so we're talking exactly like almost

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Speaker 1: like twenty years to the day after they declared the

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Speaker 1: current Trump era recession, they put out a press release saying, look,

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Speaker 1: we put our heads together. You know, we decided the

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Speaker 1: economy has gone into recession. It's almost certainly going to

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Speaker 1: be a recession. Unless I'm quoting from their press releases

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Speaker 1: unless there is an extraordinarily sharp and quick reversal of activity. Well,

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Speaker 1: as we all know, that didn't happen in nineteen eight

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Speaker 1: for Jimmy Carter. But if you look at Friday's jobs number,

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Speaker 1: it did happen for Donald Trump, at least at least

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Speaker 1: the first step toward that. Instead of millions of job losses,

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Speaker 1: we got two point five million Trump games. So if

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Speaker 1: you're the Trump campaign, I think that's definitely an encouraging sign.

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Speaker 1: And the hope now is that that extraordinarily sharp and

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Speaker 1: quick reversal continues on through November, because I think that

428
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Speaker 1: is that is really Trump's best hope to uh, you know,

429
00:24:10,320 --> 00:24:12,359
Speaker 1: pulling back into even or a head in the polls,

430
00:24:12,640 --> 00:24:17,240
Speaker 1: is that the economy surges forward and voters become convinced

431
00:24:17,280 --> 00:24:19,840
Speaker 1: that pandemic or not, you know, their lives are moving

432
00:24:19,840 --> 00:24:22,400
Speaker 1: in a better direction. They're getting their jobs back, they

433
00:24:22,400 --> 00:24:25,320
Speaker 1: have disposable income, you know, all the things that voters

434
00:24:25,320 --> 00:24:27,399
Speaker 1: sit down and think about when they head into the

435
00:24:27,440 --> 00:24:29,680
Speaker 1: polls to vote for a president. Josh Green's on the line.

436
00:24:29,720 --> 00:24:32,240
Speaker 1: He's got this great piece of Bluebird business Week. Presidents

437
00:24:32,280 --> 00:24:34,440
Speaker 1: lose when there's an election year recession. Josh is also

438
00:24:34,480 --> 00:24:36,879
Speaker 1: a best selling author. He wrote literally the book on

439
00:24:36,960 --> 00:24:40,640
Speaker 1: Steve Bennon. Uh and a good colleague of mine. I've

440
00:24:40,640 --> 00:24:42,359
Speaker 1: always looked up to his reporting. Let me let me

441
00:24:42,440 --> 00:24:44,320
Speaker 1: ask you this though, I want to switch gears now

442
00:24:44,359 --> 00:24:45,920
Speaker 1: because I know you're really plugged in on the left

443
00:24:45,920 --> 00:24:49,240
Speaker 1: to um. You know, when I talked to progressives especially,

444
00:24:49,560 --> 00:24:52,760
Speaker 1: they're very, very nervous about what Biden has been saying

445
00:24:53,320 --> 00:24:59,639
Speaker 1: about the police. The police policing issue. Now, moderates love it,

446
00:24:59,720 --> 00:25:02,760
Speaker 1: since us love it. Many Democrats love it. However, he

447
00:25:02,800 --> 00:25:05,520
Speaker 1: needs to to unite the left, and not just unite them,

448
00:25:05,520 --> 00:25:07,640
Speaker 1: he needs them to turn out. What are you gathering

449
00:25:07,680 --> 00:25:10,200
Speaker 1: from the AOC crowd of the Democratic Party and their

450
00:25:10,240 --> 00:25:14,560
Speaker 1: reception about him? Well, I think that certainly this is

451
00:25:14,600 --> 00:25:16,560
Speaker 1: an issue you can see the polls that has gone

452
00:25:16,640 --> 00:25:21,320
Speaker 1: from being a rather obscure issue policing in criminal office reform,

453
00:25:21,440 --> 00:25:25,960
Speaker 1: to suddenly a top of mind issue among all voters,

454
00:25:25,960 --> 00:25:29,160
Speaker 1: not just Democrats, but especially Democrats. So it's clearly something

455
00:25:29,200 --> 00:25:31,720
Speaker 1: that Biden is going to have to address. Uh. You know,

456
00:25:31,800 --> 00:25:35,240
Speaker 1: he's gone further than other Democrats and pushing for police

457
00:25:35,480 --> 00:25:38,840
Speaker 1: I should say further. Another Democratic presidents in pushing police

458
00:25:38,840 --> 00:25:41,240
Speaker 1: reform UM. But but in the same kind of pattern

459
00:25:41,280 --> 00:25:43,760
Speaker 1: we saw earlier in the primaries. He's not going to

460
00:25:43,800 --> 00:25:45,840
Speaker 1: be on the left line of that party, and so

461
00:25:46,280 --> 00:25:49,600
Speaker 1: he's got to walk a tight rope of both making

462
00:25:49,720 --> 00:25:52,720
Speaker 1: clear that this is an issue that means a lot

463
00:25:52,760 --> 00:25:55,680
Speaker 1: to him, that he's going to act on um without

464
00:25:55,720 --> 00:25:59,440
Speaker 1: going so far into you know, defund the police talk

465
00:25:59,600 --> 00:26:04,680
Speaker 1: that he alienates moderates and conservatives who don't want to

466
00:26:04,720 --> 00:26:08,200
Speaker 1: hear that kind of thing. His campaign, uh, it seems

467
00:26:08,240 --> 00:26:12,199
Speaker 1: to me has been more intent upon conveying that Biden

468
00:26:12,359 --> 00:26:15,719
Speaker 1: is not on the left flank the Democratic Party in

469
00:26:15,840 --> 00:26:18,960
Speaker 1: order to maintain that that terrain in the center, than

470
00:26:19,000 --> 00:26:21,760
Speaker 1: he has been concerned about getting voters on the left

471
00:26:22,280 --> 00:26:23,480
Speaker 1: to come out and vote for him. And if you

472
00:26:23,480 --> 00:26:26,280
Speaker 1: look at the current raft of polls which have been

473
00:26:26,320 --> 00:26:28,960
Speaker 1: good for Biden, most of them have been terrible for Trump.

474
00:26:29,240 --> 00:26:31,359
Speaker 1: The abandoned in the middle left right now isn't a

475
00:26:31,400 --> 00:26:34,720
Speaker 1: big issue, but think even out again in October, in November,

476
00:26:34,760 --> 00:26:36,680
Speaker 1: if that's something Biden is really gonna have to worry about.

477
00:26:37,040 --> 00:26:39,280
Speaker 1: Josh Crane, great stuff, Thank you for calling, and I

478
00:26:39,280 --> 00:26:41,560
Speaker 1: appreciate the time as always. He's a national correspondent for

479
00:26:41,560 --> 00:26:45,680
Speaker 1: Bloomberg Business Week and ACE reporter. Coming up, What's more

480
00:26:45,840 --> 00:26:59,960
Speaker 1: on Bloomberg at Night? And nine one This is Bloomberg's

481
00:27:00,080 --> 00:27:04,720
Speaker 1: Sound On with Kevin Surley on Bloomberg and one oh

482
00:27:04,760 --> 00:27:09,719
Speaker 1: five point seven f m HD two. Doctor Fauci, the

483
00:27:09,760 --> 00:27:15,080
Speaker 1: top us infectious disease specialist, called the coronavirus pandemic his

484
00:27:15,119 --> 00:27:19,359
Speaker 1: worst nightmare and warned that the deadly outbreak is far

485
00:27:19,640 --> 00:27:22,920
Speaker 1: from over. I'm Kevin Sirelli, Chief Washington correspondent from Bloomberg

486
00:27:22,960 --> 00:27:27,080
Speaker 1: Television and for Bloomberg Radio. Reading from the Bloomberg Terminal.

487
00:27:27,600 --> 00:27:32,920
Speaker 1: John Lauerman and Riley Griffin reporting the Fauci said earlier

488
00:27:32,960 --> 00:27:37,240
Speaker 1: this week and online comments to the Biotechnology Innovation Organization,

489
00:27:37,320 --> 00:27:41,679
Speaker 1: which is an industry group, that the infection won't quote

490
00:27:41,680 --> 00:27:44,400
Speaker 1: burn itself out with the mere public health measures. We're

491
00:27:44,440 --> 00:27:47,520
Speaker 1: going to need a vaccine for the entire world, billions

492
00:27:47,600 --> 00:27:55,159
Speaker 1: and billions of doses. This some more pessimistic news. My

493
00:27:55,160 --> 00:27:57,880
Speaker 1: my colleagues Am A. Court and David R. Baker reporting

494
00:27:57,960 --> 00:28:00,879
Speaker 1: a month into its reopening, Flower I've reported eight tho

495
00:28:02,200 --> 00:28:05,679
Speaker 1: new coronavirus cases this week, the most of any seven

496
00:28:05,760 --> 00:28:10,160
Speaker 1: day period. Oh boy, lots to get through. Ab stadards

497
00:28:10,160 --> 00:28:12,560
Speaker 1: on the line. She's the associate editor and columnists are

498
00:28:12,640 --> 00:28:14,520
Speaker 1: real clear politics. A good friend of mine A B.

499
00:28:14,720 --> 00:28:16,680
Speaker 1: I mean you hear this. I mean we're not out

500
00:28:16,680 --> 00:28:18,479
Speaker 1: of this thing. We're not out of this thing at

501
00:28:18,480 --> 00:28:22,920
Speaker 1: all by any means. AB know, what is really important

502
00:28:23,000 --> 00:28:26,719
Speaker 1: to know about these new cases, and I think partially

503
00:28:26,800 --> 00:28:30,320
Speaker 1: thirteen states that have seen surges since Memorial Day is

504
00:28:30,359 --> 00:28:33,120
Speaker 1: it's not just that they got more tests so they

505
00:28:33,119 --> 00:28:38,880
Speaker 1: have more cases. They have very sick people, UM, crowding hospitals,

506
00:28:38,920 --> 00:28:43,560
Speaker 1: increased hospitalization and ventilator use. So it's really serious. UM,

507
00:28:43,600 --> 00:28:46,760
Speaker 1: it's it's not accountable to one outbreak. The state of

508
00:28:46,840 --> 00:28:50,400
Speaker 1: Utah was telling its citizens this is not one hot spot,

509
00:28:50,800 --> 00:28:53,720
Speaker 1: and it's not because we got more tests. And it's

510
00:28:53,760 --> 00:28:59,000
Speaker 1: not you know, just easing restrictions. UM doesn't cause the virus.

511
00:28:59,080 --> 00:29:01,720
Speaker 1: It's spread by p pool who still have to use

512
00:29:01,760 --> 00:29:06,400
Speaker 1: physical spacing, distance and maths. So it's UM, it's unfortunate.

513
00:29:06,400 --> 00:29:09,240
Speaker 1: I think the protests, UH, we'll find in a few

514
00:29:09,240 --> 00:29:12,520
Speaker 1: weeks UM will have created a lot more infection as well.

515
00:29:13,520 --> 00:29:15,880
Speaker 1: I hope not. I hope not. You know, and it

516
00:29:15,960 --> 00:29:19,880
Speaker 1: is it is. Really there's been so much misinformation a B.

517
00:29:20,040 --> 00:29:21,480
Speaker 1: I mean, you and I have talked about this before.

518
00:29:21,600 --> 00:29:24,240
Speaker 1: There's been so much misinformation, whether it's with the masks,

519
00:29:24,560 --> 00:29:27,560
Speaker 1: whether it's with you know, the World Health Organization walking

520
00:29:27,600 --> 00:29:31,200
Speaker 1: back saying that asymptomatic carriers are less you know, likely

521
00:29:31,280 --> 00:29:33,040
Speaker 1: to spread the disease. I mean, there's just been so

522
00:29:33,120 --> 00:29:36,560
Speaker 1: much misinformation, and that I think will be one of

523
00:29:36,680 --> 00:29:41,840
Speaker 1: the defining themes historically for how this era is remembered.

524
00:29:42,240 --> 00:29:45,480
Speaker 1: I mean not just in terms of disinformation even prior

525
00:29:45,520 --> 00:29:48,400
Speaker 1: to COVID, but during this in particular. Don't you just

526
00:29:48,440 --> 00:29:51,719
Speaker 1: feel like there's just been all this misinformation? Yeah, I

527
00:29:51,760 --> 00:29:55,040
Speaker 1: do think that, UM, we need to rely on experts

528
00:29:55,040 --> 00:29:58,320
Speaker 1: at the CDC and the World Health Organization more than

529
00:29:58,360 --> 00:30:01,120
Speaker 1: we do. Donald Trump, who makes up things as he

530
00:30:01,160 --> 00:30:04,760
Speaker 1: goes along and suggests, you know, life all injections and

531
00:30:04,840 --> 00:30:07,640
Speaker 1: all sorts of crazy, irresponsible stuff he said at those

532
00:30:07,680 --> 00:30:12,040
Speaker 1: two our press briefings. Every day, if they say in

533
00:30:12,160 --> 00:30:17,080
Speaker 1: pandemics that you in public health crises, you need to

534
00:30:17,240 --> 00:30:21,120
Speaker 1: communicate often, and you need to keep communicating, UM over

535
00:30:21,160 --> 00:30:24,040
Speaker 1: and over again, even if it's repetitive, with the most

536
00:30:24,080 --> 00:30:26,239
Speaker 1: truthful information. You have at the time, and you can

537
00:30:26,280 --> 00:30:28,520
Speaker 1: adjust it, but it usually it's just it should be

538
00:30:28,600 --> 00:30:31,400
Speaker 1: kind of siloed through the same place. So in past

539
00:30:32,400 --> 00:30:35,120
Speaker 1: outbreaks and epidemics, you know, it was we were briefed

540
00:30:35,160 --> 00:30:38,719
Speaker 1: by this and informed by the CDC. This is separate

541
00:30:38,720 --> 00:30:40,600
Speaker 1: from the fact that the w h O has now

542
00:30:40,680 --> 00:30:43,520
Speaker 1: made this mistake about it asymptomatic transmission, which is really

543
00:30:43,520 --> 00:30:46,320
Speaker 1: scary because we really, you know, we're all thinking that's

544
00:30:46,360 --> 00:30:49,600
Speaker 1: sort of the silent you know, sleeper threat, right is

545
00:30:49,640 --> 00:30:54,000
Speaker 1: asymptomatic transmission. But generally speaking, if this happens to us again,

546
00:30:54,240 --> 00:30:56,200
Speaker 1: I think I would just like to hear from one

547
00:30:56,320 --> 00:31:00,960
Speaker 1: or two um, you know, scientific sources is and not

548
00:31:02,080 --> 00:31:04,560
Speaker 1: a range of people. And I think the governors did

549
00:31:04,600 --> 00:31:08,840
Speaker 1: their best, um to keep their citizens informed that it's

550
00:31:08,840 --> 00:31:12,000
Speaker 1: it really is. Um. It is confusing to people and

551
00:31:12,000 --> 00:31:14,640
Speaker 1: it and that especially because they were trying to hoard

552
00:31:14,720 --> 00:31:17,040
Speaker 1: masks in the beginning they told us not to use masks.

553
00:31:17,440 --> 00:31:19,960
Speaker 1: We found out that that could have helped earlier. And

554
00:31:20,000 --> 00:31:22,960
Speaker 1: I just think, you know, in the next round, I

555
00:31:23,000 --> 00:31:27,120
Speaker 1: hope people would be super nervous, over prepared, as Dr

556
00:31:27,160 --> 00:31:30,920
Speaker 1: Fauci said, overreactive in the early days and not in

557
00:31:31,000 --> 00:31:34,600
Speaker 1: denial um and then they can sort of correct misinformation

558
00:31:34,680 --> 00:31:37,360
Speaker 1: later when we're not as sick. But I think letting

559
00:31:37,360 --> 00:31:39,520
Speaker 1: everyone get infected and that the whole thing spread and

560
00:31:39,560 --> 00:31:41,240
Speaker 1: then say, oh no, you don't need to be scared

561
00:31:41,280 --> 00:31:43,560
Speaker 1: about this anymore. People start to tune it out and listen.

562
00:31:43,560 --> 00:31:45,200
Speaker 1: I mean, I'm gonna I'm gonna go there. I mean,

563
00:31:45,200 --> 00:31:46,840
Speaker 1: I was back in Delka for the first time. I

564
00:31:46,920 --> 00:31:49,400
Speaker 1: left the district and since all of this started, because

565
00:31:49,440 --> 00:31:51,680
Speaker 1: they finally lived eased a little bit of the restrictions

566
00:31:51,680 --> 00:31:53,720
Speaker 1: and I went home, you know. And I don't think

567
00:31:53,840 --> 00:31:57,760
Speaker 1: if you're confused, you're necessarily a conspiracy theorist, because why

568
00:31:57,760 --> 00:31:59,800
Speaker 1: are they opening up the Jersey Shore but they're not

569
00:32:00,000 --> 00:32:02,840
Speaker 1: opening up hair salons. I mean, there's a lot of

570
00:32:03,320 --> 00:32:05,840
Speaker 1: like for a lot of people, some of the the

571
00:32:05,880 --> 00:32:09,240
Speaker 1: way that the restrictions, the way that the policymakers empower

572
00:32:09,320 --> 00:32:13,000
Speaker 1: elected officials have have crafted this thing, it really is

573
00:32:13,040 --> 00:32:15,800
Speaker 1: confusing and it doesn't really pass. I would argue a

574
00:32:15,840 --> 00:32:17,800
Speaker 1: common sensus, why are you going to pack a beach,

575
00:32:18,200 --> 00:32:20,920
Speaker 1: you know, but you can't open like I don't know,

576
00:32:21,200 --> 00:32:23,680
Speaker 1: I don't you know, I agree with you, and I'm concerned.

577
00:32:23,720 --> 00:32:25,200
Speaker 1: You know, we thought when people got back on their

578
00:32:25,200 --> 00:32:27,920
Speaker 1: planes they would be all spaced um, and people are

579
00:32:27,920 --> 00:32:30,400
Speaker 1: getting on and finding it's packed like sardines. I agree

580
00:32:30,400 --> 00:32:33,000
Speaker 1: with you, it is very confusing. And and the truth

581
00:32:33,120 --> 00:32:35,720
Speaker 1: is that the number of people who are ready to

582
00:32:35,800 --> 00:32:38,560
Speaker 1: re enter or whatever that means, you know, uh, resume

583
00:32:38,640 --> 00:32:43,239
Speaker 1: old activities is rising. So confidence is rising. But in

584
00:32:43,360 --> 00:32:46,320
Speaker 1: terms of the economy, I don't think you gave half

585
00:32:46,320 --> 00:32:49,720
Speaker 1: a population enough confidence to shake their fear. And that's

586
00:32:49,720 --> 00:32:53,320
Speaker 1: why it still people like my mom with an underlying

587
00:32:53,400 --> 00:32:56,320
Speaker 1: lung condition, and she's not a smoker, by the way,

588
00:32:56,560 --> 00:32:58,920
Speaker 1: um just thinks that the virus would take her out

589
00:32:58,960 --> 00:33:01,400
Speaker 1: in three days and we're fuses to go back to

590
00:33:01,480 --> 00:33:03,520
Speaker 1: her whole life. So you can't inject a man into

591
00:33:03,560 --> 00:33:07,400
Speaker 1: the economy until you make at least us calm right

592
00:33:07,400 --> 00:33:12,600
Speaker 1: and now, because as you said, of the deadliness of

593
00:33:12,600 --> 00:33:14,280
Speaker 1: the virus, the fact that we don't know if we

594
00:33:14,320 --> 00:33:16,479
Speaker 1: don't have any plans still to contain the spread of it,

595
00:33:16,840 --> 00:33:19,520
Speaker 1: and then all this confusing misinformation about you know, you

596
00:33:19,520 --> 00:33:22,120
Speaker 1: can go to the tattoo parlor, but not here. But yes,

597
00:33:22,360 --> 00:33:25,240
Speaker 1: it's just it is really I think, for for a

598
00:33:25,240 --> 00:33:27,560
Speaker 1: lot of people. They've been too scared and they don't

599
00:33:27,560 --> 00:33:29,760
Speaker 1: know what to believe, so they're still staying home, all right,

600
00:33:29,840 --> 00:33:32,040
Speaker 1: switching gears, maybe starters on the line. She of course

601
00:33:32,720 --> 00:33:35,560
Speaker 1: is an all star UH and an associate editor and

602
00:33:35,600 --> 00:33:38,600
Speaker 1: columnists at Real Clear Politics. Maybe you talked to so

603
00:33:38,640 --> 00:33:43,160
Speaker 1: many different types of Republicans in particular, and I'm very curious.

604
00:33:43,480 --> 00:33:45,320
Speaker 1: Yesterday we have Brenda buck on the program, and he

605
00:33:45,400 --> 00:33:48,120
Speaker 1: was telling us that there is this kind of private

606
00:33:48,680 --> 00:33:52,760
Speaker 1: um boiling of Republicans, a new generation but also people

607
00:33:52,760 --> 00:33:55,200
Speaker 1: like Mitt Romney and Colin Powell, but especially this new

608
00:33:55,240 --> 00:33:58,800
Speaker 1: generation of Republicans who are very, very wary of how

609
00:33:58,840 --> 00:34:02,040
Speaker 1: the president has handled uh, the not just the protest,

610
00:34:02,080 --> 00:34:04,640
Speaker 1: but George Floyd and and and the way he's communicated

611
00:34:04,680 --> 00:34:08,040
Speaker 1: about this. And now it appears that he's sending his

612
00:34:08,040 --> 00:34:10,839
Speaker 1: his some of his top team members to Capitol Hill

613
00:34:10,880 --> 00:34:13,480
Speaker 1: to get to some type of deal. I just want

614
00:34:13,520 --> 00:34:16,400
Speaker 1: to get your take on all of this, because I

615
00:34:16,440 --> 00:34:18,320
Speaker 1: know you have a lot to say about it. Yeah,

616
00:34:18,360 --> 00:34:21,960
Speaker 1: So there is a sense, because as I'm sure you

617
00:34:21,960 --> 00:34:24,279
Speaker 1: and your guests have talked about, probably in the last

618
00:34:24,280 --> 00:34:28,719
Speaker 1: couple of nights, UH, that posters have never seen such

619
00:34:28,719 --> 00:34:31,640
Speaker 1: a dramatic spike and shift and change and polling as

620
00:34:31,640 --> 00:34:35,520
Speaker 1: they have on the question of the use of police

621
00:34:35,760 --> 00:34:39,319
Speaker 1: um excessive force on on black people versus white people

622
00:34:39,360 --> 00:34:42,319
Speaker 1: in America, as they have in this polling changing just

623
00:34:42,400 --> 00:34:45,440
Speaker 1: in a few weeks time. Uh Frank Lent said, we

624
00:34:45,480 --> 00:34:49,560
Speaker 1: are different countries than we were thirty days ago. And politicians,

625
00:34:50,000 --> 00:34:53,399
Speaker 1: Republican office holders can look at the polls and see

626
00:34:53,440 --> 00:34:58,040
Speaker 1: that Joe Biden has a very nice, solid, very comfortable lead,

627
00:34:58,080 --> 00:35:02,480
Speaker 1: and it's threatening Trump in so many states that he

628
00:35:02,520 --> 00:35:06,960
Speaker 1: won swing states, soft our states, I mean, is it

629
00:35:07,120 --> 00:35:09,920
Speaker 1: is so they're basically they know that it is a

630
00:35:09,960 --> 00:35:13,080
Speaker 1: toss up or more or better chance that they will

631
00:35:13,120 --> 00:35:15,680
Speaker 1: lose their Senate majority. And when they look at the

632
00:35:15,680 --> 00:35:17,960
Speaker 1: package of the Democrats put together, which is not to

633
00:35:18,080 --> 00:35:21,840
Speaker 1: defund police, not to dismantle police stations, I mean police

634
00:35:21,880 --> 00:35:26,880
Speaker 1: departments like in Minneapolis, not a radical left proposal. They're saying,

635
00:35:26,960 --> 00:35:30,080
Speaker 1: we have to get behind something. And so then you

636
00:35:30,160 --> 00:35:32,080
Speaker 1: get to so there and they don't think that the

637
00:35:32,560 --> 00:35:35,920
Speaker 1: Democratic proposal is radical. So then you get less than

638
00:35:35,960 --> 00:35:38,920
Speaker 1: a minute here. So I want to where can Republicans

639
00:35:38,920 --> 00:35:42,359
Speaker 1: and Democrats agree and not have Trump sort of mess

640
00:35:42,400 --> 00:35:44,600
Speaker 1: it up. How do you get him to sign a

641
00:35:44,680 --> 00:35:47,440
Speaker 1: bill into law? And that's just really hard for them

642
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Speaker 1: to see where how we get to there? So there,

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Speaker 1: the administration is looking executive order. I don't know how

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Speaker 1: it ends, but there is Republican appetite for this. There's

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Speaker 1: massive Republican appetite and also in the suburbs, and I

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Speaker 1: think it's fascinating. We're watching I think the beginning of

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Speaker 1: the four fight A B. Stadder, my friend, my best

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Speaker 1: to you and your family. Associate editor and columnist Curt

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Speaker 1: Real Clear Politics, I always always always appreciate you, n

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Speaker 1: thank you more next Policy and Politics, and we have

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Speaker 1: more continuing coverage. Thanks for listening. I'm Kevin's really chief

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Speaker 1: watching the correspondent for Bloomberg TV and Radio. So Bloomberg