1 00:00:01,760 --> 00:00:06,280 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,280 --> 00:00:09,920 Speaker 1: I and my country look forward to a very productive 3 00:00:10,039 --> 00:00:14,880 Speaker 1: few days together. Semi conductors, engines of them words. Floomberg 4 00:00:15,080 --> 00:00:19,440 Speaker 1: Sound On Politics, policy and perspective from DC's top names. 5 00:00:19,800 --> 00:00:22,759 Speaker 1: I will work every single day to make sure that 6 00:00:22,800 --> 00:00:25,560 Speaker 1: Stacy Arams is never your governor. You think that John 7 00:00:25,560 --> 00:00:28,920 Speaker 1: assautins Biden one, fair and square. That's the difference between 8 00:00:28,960 --> 00:00:31,120 Speaker 1: the two of us. This is gonna be a Davos 9 00:00:31,200 --> 00:00:34,160 Speaker 1: unlike any we've seen Thomas. It's no different Joe than 10 00:00:34,400 --> 00:00:38,680 Speaker 1: the Plumber's Convention in Las Vegas. Bloomberg Sound On with 11 00:00:38,840 --> 00:00:43,680 Speaker 1: Joe Matthew on Bloomberg Radio. Joe Biden visits Asia for 12 00:00:43,720 --> 00:00:46,680 Speaker 1: the first time as president. Welcome to the fastest hour 13 00:00:46,800 --> 00:00:50,000 Speaker 1: in politics as we follow the trip to South Korea 14 00:00:50,080 --> 00:00:53,159 Speaker 1: and Japan, all with an eye on China. The pivot 15 00:00:53,200 --> 00:00:56,040 Speaker 1: to Asia is actually happening, and we'll talk about it 16 00:00:56,080 --> 00:01:00,400 Speaker 1: with Anna Ashton of the Asia Society Policy Institute. Can 17 00:01:00,440 --> 00:01:03,880 Speaker 1: Congress get anything done from now to November? The chip back, 18 00:01:04,000 --> 00:01:07,319 Speaker 1: maybe COVID funding. We'll discuss in our Friday Reporters round 19 00:01:07,360 --> 00:01:11,080 Speaker 1: Table with Bloomberg's mckinnery and Jack Fitzpatrick, and later the 20 00:01:11,120 --> 00:01:15,399 Speaker 1: elite descending on Davos this weekend, among them Bloomberg's own 21 00:01:15,560 --> 00:01:19,680 Speaker 1: Tom Keane, who joins us later for a special conversation 22 00:01:19,800 --> 00:01:23,720 Speaker 1: about a most unusual World Economic Forum this year. President 23 00:01:23,760 --> 00:01:26,880 Speaker 1: Biden kicked off his trip to Asia today South Korea, 24 00:01:26,959 --> 00:01:29,720 Speaker 1: where he met with that country's new president, spoke at 25 00:01:29,720 --> 00:01:33,840 Speaker 1: a Samsung computer chip plants, actually the company's biggest foundry, 26 00:01:34,000 --> 00:01:38,720 Speaker 1: which will be replicated in Texas under a previously announced deal. 27 00:01:38,800 --> 00:01:41,080 Speaker 1: So this was all put together with the reason President 28 00:01:41,080 --> 00:01:44,640 Speaker 1: Biden spoke to the growing need for semiconductors here he 29 00:01:44,720 --> 00:01:48,840 Speaker 1: is this is an auspicious start to my visit because 30 00:01:48,880 --> 00:01:53,200 Speaker 1: it's emblematic of the future cooperation innovation that our nation's 31 00:01:53,280 --> 00:01:58,200 Speaker 1: can and must build together. Semiconductor's power our economies and 32 00:01:58,280 --> 00:02:02,280 Speaker 1: enable our modern lives, from our automobiles to our smartphones, 33 00:02:02,720 --> 00:02:07,480 Speaker 1: to medical diagnostical equipment. And reminding us the President has 34 00:02:08,120 --> 00:02:11,360 Speaker 1: well multiple audiences on this trip. As always, he talked 35 00:02:11,400 --> 00:02:14,320 Speaker 1: about the jobs your he is in Asia. He talked 36 00:02:14,320 --> 00:02:17,440 Speaker 1: about the jobs that Samsung is bringing to the US. 37 00:02:17,639 --> 00:02:21,120 Speaker 1: We'll create three thousand new high tech jobs in Texas 38 00:02:21,160 --> 00:02:25,680 Speaker 1: and add to add to twenty thousand jobs Samsung already 39 00:02:25,720 --> 00:02:28,800 Speaker 1: supports in the United States of America, and he spoke 40 00:02:28,800 --> 00:02:31,280 Speaker 1: with support from the company itself. It was a big show. 41 00:02:31,320 --> 00:02:33,880 Speaker 1: They had the stage set up, the big backdrop. Lee 42 00:02:34,040 --> 00:02:37,440 Speaker 1: J Young is the vice chairman of Samsung. Listen. Over 43 00:02:37,520 --> 00:02:43,519 Speaker 1: a quarter century ago, Samsung became the first international company 44 00:02:43,560 --> 00:02:48,320 Speaker 1: to make semi conductors in the United States. We highly 45 00:02:48,400 --> 00:02:53,320 Speaker 1: value our friendship and look forward to continuing our spatial relationship. Okay, 46 00:02:53,360 --> 00:02:56,600 Speaker 1: the special relationship. The president's trip will continue through Tuesday. 47 00:02:56,919 --> 00:03:00,520 Speaker 1: It's got a formal visit to Japan, meetings the leaders 48 00:03:00,520 --> 00:03:03,440 Speaker 1: of the Quad. This is important. Actually while he's in Tokyo, 49 00:03:04,040 --> 00:03:06,960 Speaker 1: big meeting of the Quad. Right US, Japan, Australia, India 50 00:03:07,000 --> 00:03:10,600 Speaker 1: added to the conversation, So what's the point of all 51 00:03:10,639 --> 00:03:14,120 Speaker 1: of this? Well, war rages in Ukraine were joined to 52 00:03:14,320 --> 00:03:18,040 Speaker 1: try to answer that question by Anna Ashton, Senior Fellow 53 00:03:18,080 --> 00:03:21,680 Speaker 1: for Trade, Investment and Innovation at the Agia Society Policy Institute. 54 00:03:22,400 --> 00:03:24,560 Speaker 1: Thank you for being with us, Anna, I want to 55 00:03:24,600 --> 00:03:26,280 Speaker 1: talk to you about the elephant in the room here, 56 00:03:26,639 --> 00:03:28,800 Speaker 1: a country the President is not visiting on this trip, 57 00:03:29,360 --> 00:03:31,080 Speaker 1: and a country that's going to be watching this trip 58 00:03:31,160 --> 00:03:34,520 Speaker 1: very closely, of course, that's China. Does Beijing see this 59 00:03:35,320 --> 00:03:40,240 Speaker 1: as a threat? Well, I think certainly the statements out 60 00:03:40,240 --> 00:03:44,760 Speaker 1: of Beijing UH in the last week to indicate that 61 00:03:44,760 --> 00:03:48,000 Speaker 1: that they view this as UM at least antagonistic, if 62 00:03:48,040 --> 00:03:51,280 Speaker 1: not a threat, and UH with good reason, you know, 63 00:03:51,400 --> 00:03:56,200 Speaker 1: because the Quad is basically an alliance with a mutual 64 00:03:56,240 --> 00:04:01,160 Speaker 1: interest encountering UH some of China's policies, So UH to 65 00:04:01,320 --> 00:04:05,400 Speaker 1: have Biden in the region, visiting its neighbors and talking 66 00:04:05,440 --> 00:04:09,320 Speaker 1: about issues that are contrary to China's interests UM. Yes, 67 00:04:10,720 --> 00:04:12,200 Speaker 1: that's kind of the point of it though, right the 68 00:04:12,240 --> 00:04:15,640 Speaker 1: reason this whole pivot to Asia was too to face 69 00:04:15,720 --> 00:04:19,440 Speaker 1: the threat from China. But it's a very complicated relationship. 70 00:04:19,560 --> 00:04:22,000 Speaker 1: China is not only threatening us, they're also partnering with 71 00:04:22,120 --> 00:04:24,760 Speaker 1: us on an economic level. I realize a good deal 72 00:04:24,800 --> 00:04:28,200 Speaker 1: of that has been undone. UH. So you know, what's 73 00:04:28,240 --> 00:04:31,839 Speaker 1: the what's the unspoken conversation that's happening. What's the actual 74 00:04:31,839 --> 00:04:35,120 Speaker 1: message we're trying to send? Well, you know, I think 75 00:04:35,160 --> 00:04:38,119 Speaker 1: we're trying to send several messages. I think we're trying 76 00:04:38,160 --> 00:04:42,119 Speaker 1: to to sort of recoup our losses in terms of 77 00:04:42,640 --> 00:04:46,880 Speaker 1: UM perceptions of US. Globally as being interested in engaging 78 00:04:46,920 --> 00:04:49,720 Speaker 1: with the world and leading the world. So this, like 79 00:04:49,880 --> 00:04:55,480 Speaker 1: Biden's efforts in Europe, is partly about reinvigorating our partnerships 80 00:04:55,480 --> 00:04:58,080 Speaker 1: in the region and showing that we're still there. It's 81 00:04:58,120 --> 00:05:00,520 Speaker 1: also about showing that we can be in two theaters 82 00:05:00,560 --> 00:05:03,359 Speaker 1: at once. With Ukraine taking up so much of our attention, 83 00:05:03,360 --> 00:05:06,640 Speaker 1: it's important to remind the end of Pacific region that 84 00:05:06,680 --> 00:05:08,960 Speaker 1: we consider ourselves part of that region and we want 85 00:05:09,000 --> 00:05:14,800 Speaker 1: to UH to be partnering to I guess boost the 86 00:05:15,480 --> 00:05:19,039 Speaker 1: kinds of practices and standards that we believe are the 87 00:05:19,120 --> 00:05:21,560 Speaker 1: right practices and standards in the twenty first century. To 88 00:05:21,600 --> 00:05:27,320 Speaker 1: what extent is the apparent expansion of NATO informing China's 89 00:05:27,360 --> 00:05:29,279 Speaker 1: view of all of this. You know, your president she 90 00:05:29,400 --> 00:05:32,440 Speaker 1: and Beijing watching what's happening in Europe here, it's like, 91 00:05:32,520 --> 00:05:36,640 Speaker 1: whoa US rising? This is not the last administration. They're 92 00:05:36,680 --> 00:05:40,080 Speaker 1: adding Finland and Sweden. Now, this guy's on his way 93 00:05:40,120 --> 00:05:42,520 Speaker 1: to meet with the quad. UH kind of in our 94 00:05:42,560 --> 00:05:46,919 Speaker 1: backyard here is that the concern that this is going 95 00:05:47,000 --> 00:05:49,479 Speaker 1: to be a sort of a growing presence that the 96 00:05:49,560 --> 00:05:53,360 Speaker 1: United States will have in that part of the world. Well, 97 00:05:53,400 --> 00:05:55,839 Speaker 1: you know, a few years ago, I wouldn't have said 98 00:05:55,880 --> 00:05:58,800 Speaker 1: that that would be top of mind for China. But 99 00:05:58,880 --> 00:06:03,160 Speaker 1: China has a certainly backed Vladimir Putin's concerns about the 100 00:06:03,200 --> 00:06:06,280 Speaker 1: spread of NATO, and there has been lots of analysis 101 00:06:06,320 --> 00:06:10,320 Speaker 1: in the United States about whether or not the Russian 102 00:06:10,320 --> 00:06:14,080 Speaker 1: invasion of Ukraine is a model for success or failure 103 00:06:14,200 --> 00:06:18,120 Speaker 1: for for China and Taiwan. Um. You know, I do 104 00:06:18,240 --> 00:06:20,839 Speaker 1: think that part of the point of being in the 105 00:06:20,880 --> 00:06:24,159 Speaker 1: region and shoring up our security relationships is to deter 106 00:06:24,960 --> 00:06:28,920 Speaker 1: any interest on China's part in and possibly moving on Taiwan. 107 00:06:28,920 --> 00:06:33,680 Speaker 1: Whether or not it's likely as a separate question, but 108 00:06:33,680 --> 00:06:35,720 Speaker 1: but I don't think that it's likely that that China 109 00:06:35,800 --> 00:06:37,600 Speaker 1: is about to move on Taiwan though, so I don't 110 00:06:37,640 --> 00:06:41,320 Speaker 1: think that that's that's an imminent thing. Sure, the other 111 00:06:41,720 --> 00:06:45,360 Speaker 1: regional threat is North Korea, and they're talking about apparently 112 00:06:45,360 --> 00:06:48,120 Speaker 1: a nuke test this weekend. Do you think that happens 113 00:06:48,160 --> 00:06:51,080 Speaker 1: and is this just a lonely man making noise here 114 00:06:51,200 --> 00:06:53,160 Speaker 1: or is this, you know, a real threat to the 115 00:06:53,240 --> 00:06:55,400 Speaker 1: United States, a military threat the US has to be 116 00:06:55,480 --> 00:06:59,240 Speaker 1: concerned about. I guess the reality is that we are 117 00:06:59,279 --> 00:07:04,760 Speaker 1: in the middle of UH an enormous geopolitical power shift. UM. 118 00:07:04,960 --> 00:07:09,279 Speaker 1: The center of global economic activity is rapidly shifting to Asia. 119 00:07:09,680 --> 00:07:12,480 Speaker 1: China is rising as an economic and military power and 120 00:07:12,560 --> 00:07:15,920 Speaker 1: has different ideas in many respects about what the rules 121 00:07:15,920 --> 00:07:19,080 Speaker 1: of the road should be. In international relations, the United 122 00:07:19,120 --> 00:07:22,360 Speaker 1: States is trying to reassert its interests and shore up 123 00:07:22,400 --> 00:07:26,200 Speaker 1: relationships that can support those interests. And you know, we 124 00:07:26,320 --> 00:07:29,720 Speaker 1: have countries like North Korea and Russia that are testing 125 00:07:29,720 --> 00:07:33,240 Speaker 1: in the waters. Do you are you concerned about it? Thor? 126 00:07:33,240 --> 00:07:35,480 Speaker 1: I guess you know? Is it? Is it all bluster? 127 00:07:35,480 --> 00:07:37,480 Speaker 1: Because so far, of course, that's all we've ever seen 128 00:07:38,080 --> 00:07:40,200 Speaker 1: UH and and things have changed a bit since Donald 129 00:07:40,240 --> 00:07:43,560 Speaker 1: Trump was dancing around the d m Z with Kim Jong. 130 00:07:45,280 --> 00:07:47,440 Speaker 1: I mean, I'm not a North Korea expert, I have 131 00:07:47,600 --> 00:07:51,000 Speaker 1: to I have to admit, but I my inclination is 132 00:07:51,000 --> 00:07:53,960 Speaker 1: to believe that it's it's primarily bluster. However, you know, 133 00:07:54,000 --> 00:07:57,080 Speaker 1: when we have instability and and UH a land war 134 00:07:57,160 --> 00:07:59,760 Speaker 1: in Europe, UM, we have to take these sorts of 135 00:07:59,760 --> 00:08:03,080 Speaker 1: things little bit more seriously. And Ashton, let's talk policy 136 00:08:03,120 --> 00:08:05,320 Speaker 1: for a minute. Remembering that President Trump pulled out of 137 00:08:05,320 --> 00:08:10,440 Speaker 1: the Trans Pacific Partnership, a twelve nation partnership negotiated by 138 00:08:11,000 --> 00:08:15,080 Speaker 1: President Barack Obama. Joe Biden's expected to win veil. I 139 00:08:15,120 --> 00:08:18,679 Speaker 1: guess what they're calling the Indo Pacific Economic Framework this weekend, 140 00:08:18,680 --> 00:08:21,120 Speaker 1: which is also being called a watered down version of 141 00:08:22,040 --> 00:08:24,600 Speaker 1: the Trans Pacific Partnership. Is there any point to this 142 00:08:24,760 --> 00:08:26,280 Speaker 1: or is this, you know, kind of a chance to 143 00:08:26,320 --> 00:08:31,840 Speaker 1: sign some papers and pose for a picture. Certainly, UH, 144 00:08:32,120 --> 00:08:34,800 Speaker 1: as part of our pivot to ASA, we have been 145 00:08:34,880 --> 00:08:38,960 Speaker 1: emphasizing that we want to have stronger security and political 146 00:08:39,000 --> 00:08:42,280 Speaker 1: relationships with various countries in the region, but we have 147 00:08:42,480 --> 00:08:45,280 Speaker 1: been a little bit slow to talk about the importance 148 00:08:45,280 --> 00:08:50,480 Speaker 1: of economic relationships. And there are numerous developing economies in 149 00:08:50,480 --> 00:08:53,120 Speaker 1: the region that would really like to have stronger economic 150 00:08:53,679 --> 00:08:57,120 Speaker 1: relationships with the United States. But what they're envisioning is 151 00:08:57,200 --> 00:09:00,400 Speaker 1: greater market access reduced to tear us those sorts of things, 152 00:09:00,480 --> 00:09:03,360 Speaker 1: and that's not really part of what we're expecting to 153 00:09:03,480 --> 00:09:07,360 Speaker 1: hear unveiled when President Biden announces the end of Pacific 154 00:09:07,360 --> 00:09:11,920 Speaker 1: Economic Framework. Spending time with Anna Ashton, Senior Fellow for Trade, 155 00:09:11,920 --> 00:09:15,040 Speaker 1: Investment and Innovation at the Asia Society Policy Institute, as 156 00:09:15,040 --> 00:09:21,000 Speaker 1: President Biden continues the travel through Asia China watching of course, Anna, 157 00:09:21,080 --> 00:09:23,040 Speaker 1: as we've already discussed, but I'd like to ask you 158 00:09:23,080 --> 00:09:26,160 Speaker 1: about Russia as well. In China's relationship with Russia, there 159 00:09:26,240 --> 00:09:29,000 Speaker 1: is word that China is going to buy Russian oil. 160 00:09:29,040 --> 00:09:31,400 Speaker 1: For instance, it was a it was a screamer headline 161 00:09:32,280 --> 00:09:35,760 Speaker 1: on the terminal earlier today. That's a pretty bold move 162 00:09:35,840 --> 00:09:39,280 Speaker 1: based on the conversations that Joe Biden himself has had 163 00:09:39,280 --> 00:09:44,480 Speaker 1: with President she. Well, you know, China imports an awful 164 00:09:44,559 --> 00:09:48,959 Speaker 1: lot of energy from Russia, and UH, and and Europeans 165 00:09:49,000 --> 00:09:52,559 Speaker 1: do too. I think, UH, we have yet to roll 166 00:09:52,640 --> 00:09:56,360 Speaker 1: out and embargo on energy that involves secondary sanctions against 167 00:09:56,360 --> 00:09:59,640 Speaker 1: countries that are importing energy from Russia. So they're non 168 00:10:00,080 --> 00:10:04,040 Speaker 1: they're not necessarily consequences that will follow immediately from China 169 00:10:04,120 --> 00:10:06,680 Speaker 1: join us. But it does underscore the point that China 170 00:10:06,760 --> 00:10:08,719 Speaker 1: is not the only country that relies on Russia for 171 00:10:08,760 --> 00:10:10,720 Speaker 1: a variety of things. So does India as part of 172 00:10:10,720 --> 00:10:14,120 Speaker 1: the Quad, and that is um a challenge for Biden 173 00:10:14,160 --> 00:10:17,120 Speaker 1: as he tries to um make sure that we are 174 00:10:17,280 --> 00:10:20,120 Speaker 1: aligned with our major partners across the world and making 175 00:10:20,120 --> 00:10:23,240 Speaker 1: sure that the sanctions are effective all very important elements 176 00:10:23,240 --> 00:10:25,080 Speaker 1: here that that you're pointing out in it is do 177 00:10:25,120 --> 00:10:28,319 Speaker 1: you do you, however, see the lines kind of being 178 00:10:28,400 --> 00:10:32,560 Speaker 1: drawn between you know, this allied China, Russia and the 179 00:10:32,600 --> 00:10:36,920 Speaker 1: Western World or is that oversimplifying it them? For now? 180 00:10:36,960 --> 00:10:39,040 Speaker 1: I think it's oversimplifying it. I don't think that's what 181 00:10:39,080 --> 00:10:41,920 Speaker 1: the United States really wants or what China really wants. 182 00:10:42,000 --> 00:10:45,480 Speaker 1: It's certainly not in the world's best interest if we're 183 00:10:45,480 --> 00:10:50,800 Speaker 1: going to try to address common challenges like climate change, pandemics, 184 00:10:50,960 --> 00:10:55,120 Speaker 1: food and security resulting impart from from the invasion of Ukraine. Um, 185 00:10:55,280 --> 00:10:57,160 Speaker 1: but you know, it is a risk as as the 186 00:10:57,160 --> 00:11:00,600 Speaker 1: power balance shifts. What's the statement is to speak? The 187 00:11:00,640 --> 00:11:04,439 Speaker 1: mission statement? Uh from the Quad meeting? How important is 188 00:11:04,480 --> 00:11:07,960 Speaker 1: that going to be next week? I think that partly 189 00:11:08,000 --> 00:11:11,199 Speaker 1: depends on whether or not Australia participates. But you know what, 190 00:11:11,320 --> 00:11:14,800 Speaker 1: I think they've got elections this weekend right exactly, especially 191 00:11:14,840 --> 00:11:18,320 Speaker 1: they have elections, and depending on how that turns out, 192 00:11:18,320 --> 00:11:22,840 Speaker 1: we mayry not have somebody there. Exactly what is it 193 00:11:22,880 --> 00:11:25,200 Speaker 1: going to be an aggressively written statement? Is there is 194 00:11:25,280 --> 00:11:27,880 Speaker 1: you know you already pointed out that that this is 195 00:11:27,920 --> 00:11:31,880 Speaker 1: an important group here. What's the message to China. You know, 196 00:11:32,000 --> 00:11:36,559 Speaker 1: I don't expect it to be h overtly and extremely 197 00:11:36,600 --> 00:11:39,719 Speaker 1: aggressive visa of each China, but I do want to 198 00:11:39,760 --> 00:11:43,040 Speaker 1: point out that Anthony Lincoln was supposed to give his 199 00:11:43,040 --> 00:11:45,960 Speaker 1: his speech on China policy last week and that is 200 00:11:46,000 --> 00:11:51,120 Speaker 1: coming soon. So I and Ashton many thanks for your insights. 201 00:11:51,600 --> 00:11:55,000 Speaker 1: The Asia Society Policy Institute will be following the President 202 00:11:55,000 --> 00:11:56,679 Speaker 1: for you on Bloomberg across the weekend and in the 203 00:11:56,760 --> 00:11:59,080 Speaker 1: next week coming up, we turned to Capitol Hill and 204 00:11:59,080 --> 00:12:06,240 Speaker 1: our Friday Reporter round Up. This is Bloomberg, This is Bloomberg, 205 00:12:06,400 --> 00:12:12,559 Speaker 1: So nong with Joe Matthew on Bloomberg Radio. Thanks for 206 00:12:12,640 --> 00:12:15,439 Speaker 1: sharing part of your Friday with us on Bloomberg Radio. 207 00:12:15,480 --> 00:12:18,440 Speaker 1: With a special nod to our listeners on satellite radio. 208 00:12:18,520 --> 00:12:21,080 Speaker 1: Thanks for being the year. It's time for our Reporters 209 00:12:21,160 --> 00:12:25,000 Speaker 1: Round Up with Bloomberg National Politics reporter E mckinnery and 210 00:12:25,080 --> 00:12:28,640 Speaker 1: Bloomberg Government's Jack Fitzpatrick. No stranger to this program. Welcome 211 00:12:28,679 --> 00:12:31,400 Speaker 1: to both of you. Thanks for having us. So it's 212 00:12:31,440 --> 00:12:33,640 Speaker 1: it's not many weeks we have something to show for 213 00:12:33,720 --> 00:12:37,080 Speaker 1: lawmakers being in town in Washington, but the Senate at 214 00:12:37,160 --> 00:12:40,800 Speaker 1: last cleared the Ukraine funding bill. The House move legislation 215 00:12:40,840 --> 00:12:43,760 Speaker 1: on baby formula and domestic terrorism. Jack, I'm gonna start 216 00:12:43,800 --> 00:12:45,760 Speaker 1: with you. A lot of people are asking is that it? 217 00:12:45,960 --> 00:12:48,400 Speaker 1: And I know we've asked this before. Can Congress do 218 00:12:48,440 --> 00:12:51,600 Speaker 1: anything else between now in November? Knowing that they've still 219 00:12:51,640 --> 00:12:53,800 Speaker 1: not come together on something you're writing about, which is 220 00:12:53,880 --> 00:12:56,960 Speaker 1: COVID funding, not to mention that China competes bill. What 221 00:12:56,960 --> 00:12:59,000 Speaker 1: do you think? Yeah, I I don't think that's it. 222 00:12:59,160 --> 00:13:03,640 Speaker 1: From the accomplishments of Congress between now in the midterms, 223 00:13:03,640 --> 00:13:06,880 Speaker 1: they've got really high priority issues. The Chips bill, the 224 00:13:06,960 --> 00:13:11,040 Speaker 1: China Competitiveness Bill is a major priority. It's a huge 225 00:13:11,160 --> 00:13:13,440 Speaker 1: conference committee between the House and Senate with more than 226 00:13:13,480 --> 00:13:15,920 Speaker 1: a hundred members, and they're still seemingly sort of in 227 00:13:15,960 --> 00:13:18,400 Speaker 1: the spitballing phase of how much do we want to 228 00:13:18,440 --> 00:13:21,120 Speaker 1: get into tax policy? So it's not right at the 229 00:13:21,120 --> 00:13:24,160 Speaker 1: finish line, but it clearly is a priority. Uh. There 230 00:13:24,280 --> 00:13:28,040 Speaker 1: is interest in the issue of the f d A. 231 00:13:28,600 --> 00:13:31,439 Speaker 1: Do they make changes at the FDA to follow up 232 00:13:31,440 --> 00:13:35,600 Speaker 1: on this baby formula shortage that's a new issue too, 233 00:13:35,920 --> 00:13:38,800 Speaker 1: giving them more money. Yes, well, that that conversation is 234 00:13:38,840 --> 00:13:42,520 Speaker 1: happening too. But there's a lot of interest in actual accountability. Uh. 235 00:13:42,559 --> 00:13:44,480 Speaker 1: And of course they have to fund the government, and 236 00:13:44,520 --> 00:13:47,600 Speaker 1: anytime they do that, that is a vehicle so they 237 00:13:47,600 --> 00:13:50,600 Speaker 1: can attach things to it. So they've got more legislating 238 00:13:50,640 --> 00:13:54,720 Speaker 1: to do for sure. Funding lost. That one is so stalled. 239 00:13:54,880 --> 00:13:57,400 Speaker 1: It is really something. It's stalled over the Title forty 240 00:13:57,440 --> 00:14:01,840 Speaker 1: two immigration issue. UH. I think maybe out of desperation, 241 00:14:02,200 --> 00:14:05,480 Speaker 1: there's a little bit of talk among Democrats. Gary Peters 242 00:14:05,520 --> 00:14:07,960 Speaker 1: has brought this up that if they can't figure out 243 00:14:08,000 --> 00:14:12,360 Speaker 1: a Title forty two deal on that pandemic policy that 244 00:14:12,440 --> 00:14:14,920 Speaker 1: let them expel people from the border faster, maybe they 245 00:14:14,960 --> 00:14:18,880 Speaker 1: could do a border security spending measure that would probably 246 00:14:18,920 --> 00:14:22,320 Speaker 1: not win over Republicans because some of the resources they 247 00:14:22,320 --> 00:14:24,480 Speaker 1: need to spend on are because of the end of 248 00:14:24,520 --> 00:14:27,480 Speaker 1: Title forty two anyway, So Republicans really are just saying 249 00:14:28,080 --> 00:14:30,360 Speaker 1: we should bring this back for now or come up 250 00:14:30,440 --> 00:14:33,480 Speaker 1: with something, and that has just latched itself onto the 251 00:14:33,520 --> 00:14:35,920 Speaker 1: COVID bill and it's it's very very stalled right now. 252 00:14:36,040 --> 00:14:38,000 Speaker 1: But what's the national appetite for this, not just here 253 00:14:38,000 --> 00:14:41,080 Speaker 1: in Washington but nationally When the White Houses is ringing 254 00:14:41,080 --> 00:14:43,040 Speaker 1: the alarm to say we're running out of tests, we're 255 00:14:43,040 --> 00:14:45,120 Speaker 1: gonna be running out of therapeutics, and we are now, 256 00:14:45,160 --> 00:14:47,840 Speaker 1: we're beyond many of the deadlines that Jen Psaki laid 257 00:14:47,840 --> 00:14:51,760 Speaker 1: out when she was still Press secretary. The President said 258 00:14:51,800 --> 00:14:54,320 Speaker 1: we needed twenty two billion dollars. They cut it in half. 259 00:14:54,400 --> 00:14:57,280 Speaker 1: That still can't move. Does this ever see the light 260 00:14:57,320 --> 00:14:59,440 Speaker 1: of day or we're gonna find ourselves with a surge 261 00:14:59,440 --> 00:15:01,440 Speaker 1: in in the fall and winter in the White House 262 00:15:01,440 --> 00:15:03,920 Speaker 1: being blamed from there not being enough therapeutics. I mean, 263 00:15:03,960 --> 00:15:05,920 Speaker 1: if you look at it, there's arguments that it's a 264 00:15:05,960 --> 00:15:10,360 Speaker 1: sturge right now. Um, yeah, a third of Americans right now, 265 00:15:10,400 --> 00:15:13,520 Speaker 1: the um CBC staid yesterday, I live in an area 266 00:15:13,640 --> 00:15:17,720 Speaker 1: where they should be wearing masks based on the COVID risk. 267 00:15:17,800 --> 00:15:21,000 Speaker 1: I think that, like Jacket said, we'll see if it 268 00:15:21,040 --> 00:15:23,120 Speaker 1: gets through Congress. We'll see if it gets passed. But 269 00:15:23,160 --> 00:15:25,360 Speaker 1: I think that people there is a lot of a 270 00:15:25,360 --> 00:15:27,560 Speaker 1: great need for it. Does it seem like a set up? Though? 271 00:15:27,600 --> 00:15:29,840 Speaker 1: This is like you know, Lucy with the football, You 272 00:15:29,960 --> 00:15:31,600 Speaker 1: can see how this is going to play out. But 273 00:15:31,640 --> 00:15:33,240 Speaker 1: that's the other thing is that, like you know, they 274 00:15:33,280 --> 00:15:35,960 Speaker 1: have to show between now and November that they're doing 275 00:15:36,040 --> 00:15:39,360 Speaker 1: stuff and that they're like trying to accomplish things even 276 00:15:39,400 --> 00:15:41,120 Speaker 1: if it doesn't actually happen. How much of that is 277 00:15:41,160 --> 00:15:44,960 Speaker 1: executive order though versus legislation. Well, they are running out 278 00:15:45,000 --> 00:15:47,680 Speaker 1: of money though, and so they're gonna need action from 279 00:15:47,800 --> 00:15:53,000 Speaker 1: Congress on COVID. At least these are right sources, especially 280 00:15:53,040 --> 00:15:56,880 Speaker 1: for the international stuff. There is bipartisan agreement that there 281 00:15:56,880 --> 00:16:00,840 Speaker 1: should be some uh international vaccine in a that kind 282 00:16:00,880 --> 00:16:02,920 Speaker 1: of thing. Uh. And again you know that's why I 283 00:16:02,960 --> 00:16:05,160 Speaker 1: mentioned they'll need to fund the government. So this is 284 00:16:05,200 --> 00:16:08,240 Speaker 1: way too slow for the White House's taste, but they 285 00:16:08,240 --> 00:16:12,920 Speaker 1: could have an annual funding conversation. If this supplemental Immediate 286 00:16:12,920 --> 00:16:15,880 Speaker 1: bill just never happens, They've got to do something. Uh. 287 00:16:15,920 --> 00:16:18,400 Speaker 1: The issue is they have been very very slow. Yeah, 288 00:16:18,480 --> 00:16:21,480 Speaker 1: they sure have. And I we just remember, oh Macron 289 00:16:21,600 --> 00:16:23,600 Speaker 1: and in the the amount of blame that the White 290 00:16:23,640 --> 00:16:26,920 Speaker 1: House carried for not having enough rapid tests available. Emma, 291 00:16:26,960 --> 00:16:28,600 Speaker 1: you remember all this. It's like you can just see 292 00:16:28,600 --> 00:16:31,440 Speaker 1: it happening again. Yeah, and Ron Klain just um you know, 293 00:16:31,480 --> 00:16:34,680 Speaker 1: said yesterday they're already sending out more tests to people. 294 00:16:34,720 --> 00:16:37,200 Speaker 1: You can request them. But they're really trying to get 295 00:16:37,200 --> 00:16:40,040 Speaker 1: ahead of the curve on the China competes bill. It's 296 00:16:40,080 --> 00:16:42,600 Speaker 1: not lost on me that Gina Romando, the Commerce Secretary, 297 00:16:42,680 --> 00:16:44,760 Speaker 1: has really been the face of this story, helping to 298 00:16:44,760 --> 00:16:49,600 Speaker 1: push this along, at least publicly, is representing the administration 299 00:16:49,840 --> 00:16:53,360 Speaker 1: at the Davos conference, which will strangely have no snow 300 00:16:53,400 --> 00:16:56,360 Speaker 1: this year. Um, where does that stand? We've been talking 301 00:16:56,400 --> 00:16:57,920 Speaker 1: about it for a year, Jack, and my god, you 302 00:16:57,960 --> 00:16:59,560 Speaker 1: put a hundred people in a room. How does anyone 303 00:16:59,560 --> 00:17:02,880 Speaker 1: decide any thing? Yeah, well, that's the main challenge. You know, 304 00:17:03,160 --> 00:17:06,480 Speaker 1: every time I ask lawmakers about this bill. It clearly 305 00:17:06,560 --> 00:17:10,159 Speaker 1: is a priority. That's probably the one main thing that 306 00:17:10,280 --> 00:17:12,000 Speaker 1: they are working on that there seems to be some 307 00:17:12,040 --> 00:17:14,399 Speaker 1: confidence they really could get something done on that's not 308 00:17:14,560 --> 00:17:18,560 Speaker 1: sort of annual government funding or annual defense policy. Um. 309 00:17:18,600 --> 00:17:21,320 Speaker 1: But this was one of those measures where the House 310 00:17:21,400 --> 00:17:24,160 Speaker 1: did its thing, the Senate did its thing. Now they've 311 00:17:24,200 --> 00:17:27,320 Speaker 1: got to meld them together. And like I mentioned before, 312 00:17:27,520 --> 00:17:30,159 Speaker 1: if you're still having the conversation about well do we 313 00:17:30,200 --> 00:17:32,800 Speaker 1: want to get into tax policy, if the answer to 314 00:17:32,840 --> 00:17:34,880 Speaker 1: that is yes, there's a lot of work left to do. 315 00:17:35,080 --> 00:17:37,600 Speaker 1: It's a very wide ranging bill, and they want to 316 00:17:37,640 --> 00:17:41,040 Speaker 1: give everybody the chance to sort of do their legislating 317 00:17:41,080 --> 00:17:43,880 Speaker 1: on it. But I mean, nobody's talking about that bill 318 00:17:43,960 --> 00:17:46,960 Speaker 1: falling apart. At least, it's just moving quite slow. But 319 00:17:47,040 --> 00:17:48,760 Speaker 1: it was something that we needed a year ago, or 320 00:17:48,760 --> 00:17:51,479 Speaker 1: at least we were told, Emma, is this Does this 321 00:17:51,520 --> 00:17:54,800 Speaker 1: resonate nationally? Two people vote? I mean, my goodness, they 322 00:17:54,880 --> 00:17:57,000 Speaker 1: can't even name the bill, for crying out loud, How 323 00:17:57,000 --> 00:18:00,080 Speaker 1: do how do lawmakers get that support from constant at 324 00:18:00,119 --> 00:18:02,720 Speaker 1: you in on something so esoteric? Yeah, I think that 325 00:18:02,720 --> 00:18:05,560 Speaker 1: that's that's a big that's a big question here and 326 00:18:05,640 --> 00:18:09,240 Speaker 1: especially the answer. Yeah, And I think you know, if 327 00:18:09,240 --> 00:18:12,159 Speaker 1: you look at um, people can't even name. If you 328 00:18:12,200 --> 00:18:14,920 Speaker 1: look at polls, people can't name what's in the infrastructure bill. 329 00:18:14,960 --> 00:18:17,160 Speaker 1: Are what you know, the Biden administration has already passed, 330 00:18:17,160 --> 00:18:19,919 Speaker 1: whereas Congress that's gotten through, so especially stuff like this 331 00:18:20,000 --> 00:18:22,359 Speaker 1: that has to do with China and trade, it won't 332 00:18:22,359 --> 00:18:25,920 Speaker 1: move the Mark and Jack will stay with us. As 333 00:18:25,960 --> 00:18:28,520 Speaker 1: we turn to the campaign trail coming up ahead of 334 00:18:28,560 --> 00:18:33,119 Speaker 1: next Tuesday's primaries, voting in three states, including Georgia big 335 00:18:33,119 --> 00:18:36,400 Speaker 1: one for Donald Trump and by the way, they still 336 00:18:36,440 --> 00:18:39,400 Speaker 1: haven't called the race in Pennsylvania. Write the Republican primary 337 00:18:39,480 --> 00:18:43,760 Speaker 1: for Senate Dr Roz David McCormick still within a thousand 338 00:18:43,760 --> 00:18:46,240 Speaker 1: points or something days later. I wonder if that's done 339 00:18:46,280 --> 00:18:48,119 Speaker 1: by the next set of primaries. We'll have more with 340 00:18:48,600 --> 00:18:51,200 Speaker 1: Jack and Emma straight ahead on the fastest hour in politics. 341 00:18:51,240 --> 00:18:55,359 Speaker 1: I'm Joe Matthew in Washington, Happy Friday. This is Bloomberg 342 00:18:56,480 --> 00:19:00,919 Speaker 1: broadcasting live from our nation's capital, Bloomberg nine one to 343 00:19:01,040 --> 00:19:05,280 Speaker 1: New York, Bloomberg eleven Frio to Boston, Bloomberg one oh 344 00:19:05,320 --> 00:19:09,480 Speaker 1: six one to San Francisco, Bloomberg nine sixty to the country, 345 00:19:09,680 --> 00:19:13,080 Speaker 1: Serious x M General one nine and around the globe 346 00:19:13,080 --> 00:19:17,000 Speaker 1: of Bloomberg Business app and Bloomberg Radio dot Com. This 347 00:19:17,400 --> 00:19:22,840 Speaker 1: is Bloomberg Sound On with Joe Matthew and the primaries 348 00:19:23,160 --> 00:19:27,760 Speaker 1: keep coming. Busy month. Voting next Tuesday in Alabama, Arkansas 349 00:19:27,920 --> 00:19:31,080 Speaker 1: and Georgia will get you ready next with Bloomberg's and 350 00:19:31,200 --> 00:19:34,960 Speaker 1: mckinnery and Jack Fitzpatrick. They've still not decided the big 351 00:19:35,000 --> 00:19:38,760 Speaker 1: primary from this week, the Republican Senate primary in Pennsylvania, 352 00:19:38,800 --> 00:19:41,080 Speaker 1: but we're already gearing up for another important Tuesday. Here 353 00:19:41,160 --> 00:19:43,720 Speaker 1: is the focus shift to Georgia. We want to dig 354 00:19:43,760 --> 00:19:46,679 Speaker 1: into some of these races with our panel, Bloomberg National 355 00:19:46,680 --> 00:19:50,560 Speaker 1: politics reporter and mckinnery and Bloomberg Government's Jack Fitzpatrick spending 356 00:19:50,560 --> 00:19:53,240 Speaker 1: time with us today the Friday edition of Sound On. 357 00:19:53,280 --> 00:19:54,760 Speaker 1: It's great to have both of you here, and a 358 00:19:54,800 --> 00:19:57,199 Speaker 1: lot of us have been watching the Trump effect on 359 00:19:57,240 --> 00:20:00,000 Speaker 1: the primaries, and I think we can agree the big 360 00:20:00,080 --> 00:20:03,200 Speaker 1: his test of Trump's influence would be in Georgia simply 361 00:20:03,200 --> 00:20:06,560 Speaker 1: because of the history there election. Uh, it's not looking 362 00:20:06,600 --> 00:20:09,919 Speaker 1: good for Trump in the gubernatorial primary. Is there any chance, 363 00:20:10,480 --> 00:20:13,560 Speaker 1: based on your reporting, that David Purdue beats incumbent Governor 364 00:20:13,560 --> 00:20:17,199 Speaker 1: Brian Camp. Something would really have to happen, Like if 365 00:20:17,200 --> 00:20:19,000 Speaker 1: you're looking at the polls of the Fox News just 366 00:20:19,000 --> 00:20:21,840 Speaker 1: had a pull out yesterday that showed Brian Camp, incumbent, 367 00:20:22,200 --> 00:20:26,639 Speaker 1: up thirty two points over Perdue. So produced doing pretty 368 00:20:26,680 --> 00:20:30,000 Speaker 1: poorly in this election. And like you had said, Trump 369 00:20:30,080 --> 00:20:34,240 Speaker 1: has done decently well so far off his endorsements. Um, 370 00:20:34,280 --> 00:20:36,520 Speaker 1: but until this Georgia race, a lot of the people 371 00:20:36,560 --> 00:20:38,800 Speaker 1: he has endorsed e there have you know, not have 372 00:20:38,880 --> 00:20:42,000 Speaker 1: a strong candidate against them, you know, or really haven't 373 00:20:42,000 --> 00:20:44,160 Speaker 1: had that competitive of a race. But now you're looking 374 00:20:44,160 --> 00:20:48,320 Speaker 1: at Georgia governor where David Perdue versus Brian Camp. Perdue 375 00:20:48,400 --> 00:20:51,159 Speaker 1: is in this race, you know, because of Trump support. 376 00:20:51,600 --> 00:20:53,600 Speaker 1: And then you're looking at secretary state where you have 377 00:20:53,680 --> 00:20:55,920 Speaker 1: Rafflisberger and Jouggy Hi. Yeah, I'm gonna ask you about 378 00:20:55,960 --> 00:20:58,800 Speaker 1: that when in terms of the governor's race, though, to 379 00:20:58,840 --> 00:21:02,240 Speaker 1: see a spread like that is it's pretty unusual considering 380 00:21:02,280 --> 00:21:04,800 Speaker 1: the name recognition that they both enjoy. Does that say 381 00:21:04,880 --> 00:21:07,760 Speaker 1: more about Brian Camp's job as governor or more about 382 00:21:07,840 --> 00:21:10,920 Speaker 1: Donald Trump's lack of influence in Georgia? I think it's 383 00:21:11,000 --> 00:21:14,000 Speaker 1: you could argue about um. I think that clearly the voters, 384 00:21:14,160 --> 00:21:17,520 Speaker 1: Republican voters have liked what Kemp has done and his 385 00:21:17,600 --> 00:21:21,800 Speaker 1: job record supersedes Trump's opinion. I guess Jack, when it 386 00:21:21,840 --> 00:21:24,400 Speaker 1: comes down to it is Trump winning no matter who wins, 387 00:21:24,400 --> 00:21:26,879 Speaker 1: because we're all talking about him anyway. We are talking 388 00:21:26,880 --> 00:21:29,280 Speaker 1: about him. But you know, when you look at him 389 00:21:29,320 --> 00:21:32,320 Speaker 1: getting involved in a secretary of state's race, when you 390 00:21:32,400 --> 00:21:34,520 Speaker 1: hear what he had to say about the Pennsylvania race 391 00:21:34,560 --> 00:21:37,080 Speaker 1: where he, you know, moment oz had a point one 392 00:21:37,119 --> 00:21:42,320 Speaker 1: percent declare victory, Now that that's a concern for him 393 00:21:42,760 --> 00:21:46,160 Speaker 1: if he were to run for president again. Clearly, by 394 00:21:46,160 --> 00:21:49,280 Speaker 1: getting involved in the Secretary of States race and trying 395 00:21:49,320 --> 00:21:53,080 Speaker 1: to go after Brad Ravensburger. Uh, it's a priority for 396 00:21:53,160 --> 00:21:58,359 Speaker 1: Trump to have some level of loyalty in the electoral process. 397 00:21:59,000 --> 00:22:02,919 Speaker 1: So there are concerned besides publicity. I would add, by 398 00:22:02,960 --> 00:22:05,840 Speaker 1: the way, with David Perdue, if you're going to kind 399 00:22:05,880 --> 00:22:09,800 Speaker 1: of delegate, your my, your your Trump's guy in this race, 400 00:22:10,080 --> 00:22:12,040 Speaker 1: Perdue had a bit of a scandal. He kind of 401 00:22:12,040 --> 00:22:15,840 Speaker 1: got up with the the Stock Act trading trading issues 402 00:22:15,880 --> 00:22:19,560 Speaker 1: in which led to him helped lead to him leaving 403 00:22:19,720 --> 00:22:22,200 Speaker 1: the Senate. So, I mean, this may be a case 404 00:22:22,200 --> 00:22:24,879 Speaker 1: in which Trump just didn't really pick the right horse 405 00:22:24,960 --> 00:22:27,680 Speaker 1: to sort of be his proxy in Georgia. Emma, I 406 00:22:27,760 --> 00:22:30,800 Speaker 1: learned from you that Mike Pence gonna be campaigning for 407 00:22:30,960 --> 00:22:35,040 Speaker 1: Brian Kemp. Is this now a proxy of Trump versus Pence? 408 00:22:35,359 --> 00:22:37,840 Speaker 1: I mean definitely. Um, you look at it and you 409 00:22:37,880 --> 00:22:43,399 Speaker 1: think about and Pence's ambitions, and you know, Pence until 410 00:22:43,480 --> 00:22:46,720 Speaker 1: this race really hasn't been that vocally against Trump or 411 00:22:46,760 --> 00:22:48,600 Speaker 1: gone out you know, against some of this is a 412 00:22:48,720 --> 00:22:52,840 Speaker 1: pretty significance. Yeah, talk to me about the Secretary of 413 00:22:52,880 --> 00:22:55,959 Speaker 1: State race here, Emma, because this was Jack brought it up. 414 00:22:55,960 --> 00:22:58,200 Speaker 1: This is maybe the most closely watched, maybe the most 415 00:22:58,240 --> 00:23:00,800 Speaker 1: important contest to sort of play out the impact that 416 00:23:00,800 --> 00:23:03,840 Speaker 1: we're talking about here, and to see a congressman Jody 417 00:23:03,960 --> 00:23:06,720 Speaker 1: Heist kind of stepped down to run for this seat. 418 00:23:06,720 --> 00:23:10,480 Speaker 1: But is that unprecedented? Well, you know, it's the big question. 419 00:23:10,920 --> 00:23:13,760 Speaker 1: It'll be a test of kind of candidate who is 420 00:23:13,800 --> 00:23:16,920 Speaker 1: a traditional Republican hits all the boxes. You know, Brad 421 00:23:17,000 --> 00:23:21,520 Speaker 1: Raefinsberger be slammed and lose his seat based off of 422 00:23:21,680 --> 00:23:23,959 Speaker 1: you know, Donald Trump's opinion of him and you know, 423 00:23:24,119 --> 00:23:26,520 Speaker 1: him not doing enough for the election. Um. But it 424 00:23:26,600 --> 00:23:29,920 Speaker 1: is it's very interesting to see again Raefinsburger, who aside 425 00:23:29,960 --> 00:23:33,200 Speaker 1: from this has been well liked in Georgia, be facing 426 00:23:33,240 --> 00:23:35,359 Speaker 1: this from Joddy Heiss a u s represent that you 427 00:23:35,400 --> 00:23:38,880 Speaker 1: ever heard of a congressman. It's not typically a step 428 00:23:39,000 --> 00:23:43,760 Speaker 1: up to is this just creavor Trump Nation that would 429 00:23:43,760 --> 00:23:47,080 Speaker 1: seem to be part of it. It is a statewide office. 430 00:23:47,280 --> 00:23:50,280 Speaker 1: If you have ambitions in the future, you know, going 431 00:23:50,320 --> 00:23:53,440 Speaker 1: from the House to a statewide office, who knows, but 432 00:23:53,720 --> 00:23:56,480 Speaker 1: you know, it's it's definitely unusual to see somebody go 433 00:23:56,600 --> 00:23:59,640 Speaker 1: from the House to something like Secretary of c he's 434 00:23:59,640 --> 00:24:02,080 Speaker 1: not running for governor or even you know, the second 435 00:24:02,119 --> 00:24:05,400 Speaker 1: in charge lieutenant governor position. It's it's much more low 436 00:24:05,440 --> 00:24:09,880 Speaker 1: profile than your usual statewide camp. But I'll also add 437 00:24:09,920 --> 00:24:13,159 Speaker 1: just after and all of the you know, all of 438 00:24:13,160 --> 00:24:15,160 Speaker 1: the attention that was paid to the Secretary of State race, 439 00:24:15,560 --> 00:24:18,560 Speaker 1: it's you know, people are paying more attention and get 440 00:24:18,640 --> 00:24:20,280 Speaker 1: more ink than if they ran for re election. Is 441 00:24:20,280 --> 00:24:23,320 Speaker 1: that your point? That's kind of incredible to think about 442 00:24:23,520 --> 00:24:26,480 Speaker 1: before we wrap this conversation, and just looking backward for 443 00:24:26,480 --> 00:24:28,400 Speaker 1: a second in Pennsylvania, Emma, do you have a sense 444 00:24:28,400 --> 00:24:30,439 Speaker 1: of how long this is going to take? Um I 445 00:24:30,560 --> 00:24:33,400 Speaker 1: just checked right before I got on here, and they're 446 00:24:33,440 --> 00:24:36,040 Speaker 1: about a thousand votes between them and they're still counting. 447 00:24:36,480 --> 00:24:41,040 Speaker 1: UMZ is that thirty one percent McCormick one or thirty 448 00:24:41,080 --> 00:24:44,280 Speaker 1: one point one percent? So oz is up point one percent. 449 00:24:44,520 --> 00:24:46,879 Speaker 1: And then after that, once they do finally finish counting 450 00:24:46,880 --> 00:24:49,159 Speaker 1: the votes, it'll go into an automatic recount. So then 451 00:24:49,160 --> 00:24:50,640 Speaker 1: we're going to have to do this all unless it's 452 00:24:50,640 --> 00:24:53,000 Speaker 1: a miracle. Right That's that's within half a percent, is 453 00:24:53,080 --> 00:24:56,280 Speaker 1: that right? Half of triggers the recount. So we're gonna 454 00:24:56,320 --> 00:24:59,240 Speaker 1: recount Jack, and you're gonna be talking about this weeks 455 00:24:59,240 --> 00:25:01,639 Speaker 1: from now. It can take a while, as as Emma 456 00:25:01,680 --> 00:25:03,920 Speaker 1: was saying, they have to finish the vote count and 457 00:25:03,960 --> 00:25:08,080 Speaker 1: then they recount. It would take a really significant surge 458 00:25:08,119 --> 00:25:10,879 Speaker 1: to go from a point one percent lead to a 459 00:25:10,960 --> 00:25:13,600 Speaker 1: point five percent lead. So that's it seems to be 460 00:25:13,640 --> 00:25:16,159 Speaker 1: where they're going. You know, when you see a roughly 461 00:25:16,320 --> 00:25:20,480 Speaker 1: thousand vote difference between two candidates, it would also have 462 00:25:20,680 --> 00:25:24,840 Speaker 1: to be fairly significant to reverse that. It's not you know, 463 00:25:25,000 --> 00:25:28,000 Speaker 1: point one percent in a little tiny race where there's 464 00:25:28,000 --> 00:25:30,639 Speaker 1: a matter of a few dozen votes. But it can 465 00:25:30,680 --> 00:25:34,240 Speaker 1: definitely take time, and it maybe prove a little frustrating 466 00:25:34,280 --> 00:25:36,439 Speaker 1: to Trump, who you know, we kind of jumped the 467 00:25:36,480 --> 00:25:39,240 Speaker 1: gun and saying let's let's call it early. Yeah, And well, 468 00:25:39,280 --> 00:25:42,760 Speaker 1: Trump has said that he is has expressed frustration um 469 00:25:42,800 --> 00:25:45,120 Speaker 1: with os not just blowing out the race, and which 470 00:25:45,119 --> 00:25:47,120 Speaker 1: again goes back to his endorsements. And you know, going 471 00:25:47,160 --> 00:25:50,719 Speaker 1: into the Georgia primaries, what will that look like. I've 472 00:25:50,760 --> 00:25:52,119 Speaker 1: got a lot to learn. This is going to be 473 00:25:52,160 --> 00:25:55,960 Speaker 1: interesting next week. And mckennry, Jack Fitzpatrick, many thanks for 474 00:25:56,000 --> 00:25:57,840 Speaker 1: the insights. You guys, have a great weekend. You to 475 00:25:58,080 --> 00:26:01,399 Speaker 1: thank you and there's one all find you about in 476 00:26:01,560 --> 00:26:04,600 Speaker 1: Arkansas that should get a lot of attention next week. 477 00:26:04,640 --> 00:26:08,840 Speaker 1: The Republican gubernatorial to replace Asa Hutchinson, who might run 478 00:26:08,920 --> 00:26:14,119 Speaker 1: for president. Sarah Huckabee Sanders, remember President Trump's Press secretary, 479 00:26:14,200 --> 00:26:18,600 Speaker 1: Mike Huckabee's daughter in the primary running against Francis Doc. 480 00:26:18,800 --> 00:26:22,960 Speaker 1: They call him Doc Washburn, a former radio talk show host. 481 00:26:23,280 --> 00:26:26,199 Speaker 1: Does that mean I could run for governor? There's a 482 00:26:26,200 --> 00:26:28,360 Speaker 1: more crowded field on the Democratic side. It's a five 483 00:26:28,359 --> 00:26:30,240 Speaker 1: way race. We'll let you know what happens. But Georgia, 484 00:26:30,280 --> 00:26:33,280 Speaker 1: as we just discussed with Emma and Jack, will be 485 00:26:33,320 --> 00:26:35,439 Speaker 1: the one that drives the headlines. Will see if we 486 00:26:35,480 --> 00:26:37,480 Speaker 1: have any late calls. Of course, you can count on 487 00:26:37,480 --> 00:26:41,000 Speaker 1: Bloomberg News right here on the radio or on your 488 00:26:41,080 --> 00:26:44,440 Speaker 1: terminal for a full readout on what happens. So it's 489 00:26:44,440 --> 00:26:50,679 Speaker 1: onto Davos next. They're fueling up the Gulf streams all 490 00:26:50,720 --> 00:26:53,919 Speaker 1: around the world. I know it's sunny and here in 491 00:26:54,000 --> 00:26:57,400 Speaker 1: Washington at least in the nineties today, but yeah, we're 492 00:26:57,400 --> 00:27:00,119 Speaker 1: doing the World Economic Forum. Leave the skis at home 493 00:27:00,160 --> 00:27:03,399 Speaker 1: and we're joined next by a special guest on his 494 00:27:03,520 --> 00:27:08,600 Speaker 1: way after this to Davos. Bloomberg's own Tom Keene makes 495 00:27:08,640 --> 00:27:11,600 Speaker 1: his debut on sound On. Stay here, this is Bloomberg. 496 00:27:13,680 --> 00:27:17,520 Speaker 1: You're listening to Bloomberg. You Sound On with Joe Matthew 497 00:27:17,880 --> 00:27:22,520 Speaker 1: on Bloomberg Radio. Now we round the band on the 498 00:27:22,520 --> 00:27:25,080 Speaker 1: fastest hour in politics. Thank you for joining us Sun 499 00:27:25,160 --> 00:27:28,879 Speaker 1: Joe Matthew in Washington with something special now on the 500 00:27:29,119 --> 00:27:31,359 Speaker 1: Friday edition of Sound On. If you haven't heard this 501 00:27:31,520 --> 00:27:35,280 Speaker 1: big weekend for finance and politics. Yes, it's time to 502 00:27:35,320 --> 00:27:52,200 Speaker 1: go back to Davos. There's only one man who can 503 00:27:52,240 --> 00:27:55,640 Speaker 1: bring this home for us, the Dean of Davos himself, 504 00:27:55,640 --> 00:27:59,639 Speaker 1: Bloomberg's own Tom Keene, of course, the co host of 505 00:27:59,680 --> 00:28:03,399 Speaker 1: bloom Burke Surveillance up very early in the morning and 506 00:28:03,400 --> 00:28:07,119 Speaker 1: he's with us now and his debut appearance on sound On. Tom, 507 00:28:07,160 --> 00:28:09,639 Speaker 1: Thanks for staying up with us, Joe, wonderful to be 508 00:28:09,760 --> 00:28:12,360 Speaker 1: with you. It's uh that time of year, except it's 509 00:28:12,400 --> 00:28:15,240 Speaker 1: not January. Well yeah, so it's time to gas up 510 00:28:15,640 --> 00:28:18,320 Speaker 1: the surveillance Gulf Stream, as you say, which may actually 511 00:28:18,320 --> 00:28:21,480 Speaker 1: cost less than flying coach this year. But this is 512 00:28:21,480 --> 00:28:25,000 Speaker 1: gonna be a Davos unlike any we've seen. Tom for starters, 513 00:28:25,000 --> 00:28:28,919 Speaker 1: no snow strangely, no skiing, no Russian oligarchs, and a 514 00:28:28,960 --> 00:28:33,080 Speaker 1: backdrop this year that is bleak economically and politically, Tom, 515 00:28:33,119 --> 00:28:35,520 Speaker 1: why is this even happening? A couple of ideas. I 516 00:28:35,560 --> 00:28:38,400 Speaker 1: actually looked up with the Gulf stream costs here jet 517 00:28:38,440 --> 00:28:42,040 Speaker 1: fuel through the roof, and it's just to get it up. 518 00:28:42,120 --> 00:28:44,760 Speaker 1: I'm not taking the golf stream folks. We say good 519 00:28:44,800 --> 00:28:48,000 Speaker 1: morning to Swiss Air to get me over to a 520 00:28:48,120 --> 00:28:50,960 Speaker 1: Switzerland that will be shell shock. This is, of course 521 00:28:51,000 --> 00:28:54,280 Speaker 1: the great independent state, the warriors front and center. Joe 522 00:28:54,640 --> 00:28:57,479 Speaker 1: and what I would say is so so important is 523 00:28:57,640 --> 00:29:01,120 Speaker 1: the world economic for him this time or round is 524 00:29:01,200 --> 00:29:04,320 Speaker 1: more on the page with the zeitgeist than I've seen 525 00:29:04,360 --> 00:29:07,320 Speaker 1: them in twenty years. How they understand the war. The 526 00:29:07,400 --> 00:29:10,760 Speaker 1: war is front center. They're doing all the other themes, 527 00:29:10,880 --> 00:29:14,040 Speaker 1: the risks, global warming, all the rest of it. But 528 00:29:14,200 --> 00:29:17,960 Speaker 1: Klaus Schwab. Dr. Schwab has said, the war matters. You know, 529 00:29:18,000 --> 00:29:19,400 Speaker 1: I want to get to the real stuff with you. 530 00:29:19,440 --> 00:29:22,120 Speaker 1: I cover politics. We have you say a G seven right, 531 00:29:22,160 --> 00:29:24,080 Speaker 1: and you've got the big family photo. You've got a 532 00:29:24,120 --> 00:29:27,360 Speaker 1: lot of posturing, a lot of mission statements. But it's 533 00:29:27,360 --> 00:29:30,560 Speaker 1: the bi lats, it's the bilateral conversations that you don't 534 00:29:30,640 --> 00:29:32,320 Speaker 1: get to be in the room for this. The the 535 00:29:32,360 --> 00:29:35,320 Speaker 1: actual in your case, the deal making is that part 536 00:29:35,440 --> 00:29:38,280 Speaker 1: still intact. There's two parts to the deal making of 537 00:29:38,320 --> 00:29:40,640 Speaker 1: the elite and Dabos. One of them, which I think 538 00:29:40,640 --> 00:29:44,120 Speaker 1: has been way under reported, is it's no different, Joe 539 00:29:44,800 --> 00:29:48,840 Speaker 1: than the Plumber's Convention in Las Vegas, where yeah, there's 540 00:29:48,880 --> 00:29:50,840 Speaker 1: a lot of partying, but people are there to do 541 00:29:50,880 --> 00:29:55,880 Speaker 1: a lot a lot of business. The corporate officers that go, 542 00:29:56,400 --> 00:30:02,400 Speaker 1: including our our leadership at Bloomberg, work NonStop seeing people 543 00:30:02,440 --> 00:30:05,960 Speaker 1: that they see once a year. It is exactly like 544 00:30:06,080 --> 00:30:09,320 Speaker 1: the plumbers convention in Las Vegas. How much of it 545 00:30:09,360 --> 00:30:13,000 Speaker 1: is spontaneous, it's very planned because people are on very 546 00:30:13,040 --> 00:30:15,640 Speaker 1: short schedules. One of the great things about Davos in 547 00:30:15,680 --> 00:30:20,360 Speaker 1: the modern calendar is the casual European four day five 548 00:30:20,440 --> 00:30:23,760 Speaker 1: day conference. For many people have squeezed into a forty 549 00:30:23,760 --> 00:30:26,680 Speaker 1: eight hours in and out. That's sort of the back story. 550 00:30:27,080 --> 00:30:30,400 Speaker 1: The front story to your point is there is a zeitgeist. 551 00:30:30,480 --> 00:30:34,200 Speaker 1: Not traditionally on a Monday start, I would say by 552 00:30:34,280 --> 00:30:38,400 Speaker 1: Wednesday morning, it's completely changed into what really matters to people, 553 00:30:38,800 --> 00:30:41,600 Speaker 1: and that happens year after year after year. But this 554 00:30:41,800 --> 00:30:45,360 Speaker 1: May meeting is so different and so trun created that 555 00:30:45,480 --> 00:30:47,680 Speaker 1: I'm not really sure how that's going to play out. 556 00:30:48,080 --> 00:30:52,000 Speaker 1: Secretary Gina Romando or Commerce Secretary will be representing the administration. 557 00:30:52,320 --> 00:30:54,600 Speaker 1: I know you're gonna be talking with her next week. Tom. 558 00:30:54,600 --> 00:30:57,640 Speaker 1: What what kind of an aura does the United States have, 559 00:30:58,280 --> 00:31:02,200 Speaker 1: particularly the administration walking into this meeting loaded question It's 560 00:31:02,240 --> 00:31:04,280 Speaker 1: like the Boston Red Sox and the year where they're 561 00:31:04,320 --> 00:31:06,720 Speaker 1: actually competent versus what's going on? We don't have to 562 00:31:06,720 --> 00:31:11,400 Speaker 1: worry about that. It is so so changed and changeable 563 00:31:11,560 --> 00:31:15,560 Speaker 1: over the years. Of course, everyone remembers the excitement of 564 00:31:15,640 --> 00:31:18,440 Speaker 1: Donald Trump coming and what was he going to say? 565 00:31:18,480 --> 00:31:21,240 Speaker 1: And all that, and and without being political, it was 566 00:31:21,280 --> 00:31:25,600 Speaker 1: a clumsy moment. When President she spoke in Davos in 567 00:31:25,640 --> 00:31:31,120 Speaker 1: two thousand seventeen, it was shocking. The quiet that descended 568 00:31:31,240 --> 00:31:34,120 Speaker 1: on the valley, like a four or five mile valley. 569 00:31:34,240 --> 00:31:38,120 Speaker 1: You could feel the silence. Is he spoke in the 570 00:31:38,120 --> 00:31:41,720 Speaker 1: elites hope that things would work out. Take a memo, Joe, 571 00:31:41,720 --> 00:31:45,840 Speaker 1: it didn't work out for the US. It's so ever changing. 572 00:31:46,160 --> 00:31:49,360 Speaker 1: I will never forget years ago with the Bush administration, 573 00:31:49,400 --> 00:31:52,280 Speaker 1: everyone was there, but Laura and George and I'm there 574 00:31:52,280 --> 00:31:55,960 Speaker 1: with Rob Portman retiring now as a Senator from Ohio, 575 00:31:56,440 --> 00:31:59,040 Speaker 1: and I don't know what under Secretary was or whatever, 576 00:31:59,520 --> 00:32:02,400 Speaker 1: but I'm literally sitting at the counter with Rob Portman 577 00:32:02,920 --> 00:32:05,880 Speaker 1: over eggs and potatoes, trying to stuff in some food 578 00:32:06,560 --> 00:32:10,160 Speaker 1: late at night. I mean, you know, it's those kind 579 00:32:10,240 --> 00:32:14,160 Speaker 1: of moments. And then that changes to now where the 580 00:32:14,280 --> 00:32:17,560 Speaker 1: US doesn't really want to project here, so they send 581 00:32:17,560 --> 00:32:21,800 Speaker 1: along uh Mr Romando of Rhode Island to be the 582 00:32:21,840 --> 00:32:25,000 Speaker 1: face of the administration. This, of course, as the administration 583 00:32:25,040 --> 00:32:28,160 Speaker 1: carries out an important trip to Asia, and the connection 584 00:32:28,280 --> 00:32:30,920 Speaker 1: is China. It's always about the elephant in the room. 585 00:32:30,960 --> 00:32:33,520 Speaker 1: And the elephant in the room is China, their growth, 586 00:32:33,560 --> 00:32:37,720 Speaker 1: their percentage of global growth. Joe, I would suggest a 587 00:32:37,880 --> 00:32:42,280 Speaker 1: great theme there will be what is China like after lockdown? 588 00:32:43,120 --> 00:32:45,120 Speaker 1: And we could you know, we do that every day 589 00:32:45,120 --> 00:32:48,120 Speaker 1: in surveillance. We debate with people about when will the 590 00:32:48,200 --> 00:32:51,480 Speaker 1: lockdown and etcetera, etcetera. But I think a great theme 591 00:32:51,520 --> 00:32:54,800 Speaker 1: will be what will China be like and the Pacific 592 00:32:54,880 --> 00:32:58,880 Speaker 1: Rim and Asia be like after lockdown. All this said, 593 00:32:58,920 --> 00:33:01,760 Speaker 1: we're talking a lot about the political undercurrents here, Tom, 594 00:33:01,800 --> 00:33:05,840 Speaker 1: how about the economic undercurrents and the markets themselves? The 595 00:33:05,960 --> 00:33:09,000 Speaker 1: last time we saw everything go down, You're showing up 596 00:33:09,000 --> 00:33:12,160 Speaker 1: in Davos with people licking their wounds. Tom, that's happened 597 00:33:12,160 --> 00:33:15,840 Speaker 1: before in any of flavors and tampas at Jack's Hole. 598 00:33:16,360 --> 00:33:18,520 Speaker 1: Are we there? Yeah, I guess we're there this time. 599 00:33:18,520 --> 00:33:21,160 Speaker 1: But Joe, I've been talking about this this week across 600 00:33:21,400 --> 00:33:24,520 Speaker 1: Bloomberg surveillance. Joe, you can hear it and see it's uh, 601 00:33:24,800 --> 00:33:28,239 Speaker 1: five days a week. I'm yeah, I'm a fan. Well, 602 00:33:28,280 --> 00:33:30,600 Speaker 1: I didn't know if you're where we were run that early. 603 00:33:30,680 --> 00:33:32,520 Speaker 1: You're only sliding in at ten a yet there a 604 00:33:32,560 --> 00:33:34,280 Speaker 1: couple of couple of mornings. I've been there for that yet. 605 00:33:34,280 --> 00:33:37,880 Speaker 1: Oh that's good. But but Joe, the big thing here 606 00:33:37,960 --> 00:33:40,840 Speaker 1: not spoken is the decline in the bond market the 607 00:33:40,920 --> 00:33:44,440 Speaker 1: financial media. And I'm as guilty of this as anyone is. 608 00:33:44,480 --> 00:33:46,600 Speaker 1: Equity driven. There's all sorts of reasons for that. We 609 00:33:46,600 --> 00:33:50,000 Speaker 1: don't need to go We're trying. That was that was 610 00:33:50,040 --> 00:33:53,440 Speaker 1: the invention. But it's stock market, stock market, stock market, 611 00:33:53,480 --> 00:33:57,760 Speaker 1: stock market. And the unspoken are the losses taken in 612 00:33:57,800 --> 00:34:02,640 Speaker 1: the fixed income market worldwide, certainly within the United States 613 00:34:02,760 --> 00:34:06,440 Speaker 1: is measured by the Bloomberg set of Bloomberg Total return indices. 614 00:34:06,600 --> 00:34:09,839 Speaker 1: And I'm sorry. The bond market, tobaccle is the great 615 00:34:09,920 --> 00:34:12,520 Speaker 1: unspoken in DeVos. You have a gut checker. You allowed 616 00:34:12,560 --> 00:34:14,560 Speaker 1: to tell me that on where the heck this market is. 617 00:34:14,640 --> 00:34:17,600 Speaker 1: You talk to the smartest people in the business every day. 618 00:34:18,760 --> 00:34:21,480 Speaker 1: They sat me down. It was like it was like 619 00:34:21,880 --> 00:34:24,719 Speaker 1: it wasn't the First Born identity movie. It was sort 620 00:34:24,760 --> 00:34:28,120 Speaker 1: of like Number three movie where they took the chip 621 00:34:28,160 --> 00:34:32,360 Speaker 1: out of my hip and they said, they said, listen, 622 00:34:32,440 --> 00:34:35,359 Speaker 1: you can't give an opinion. And as John Farrell will 623 00:34:35,360 --> 00:34:37,640 Speaker 1: tell you, I give my opinion like five times an hour. 624 00:34:37,880 --> 00:34:39,520 Speaker 1: Well that's why we love you though. And I just 625 00:34:39,600 --> 00:34:42,319 Speaker 1: you know, my god, somebody's gonna start calling the bottom here. 626 00:34:42,360 --> 00:34:44,600 Speaker 1: I've Mr Gollen this morning on your program. It's not 627 00:34:44,719 --> 00:34:46,200 Speaker 1: a pretty bullish to me. At some point this is 628 00:34:46,200 --> 00:34:48,879 Speaker 1: gonna end and it's gonna feel right, maybe a little better. 629 00:34:49,120 --> 00:34:52,200 Speaker 1: John Gobb who's been a bullock credit Suite and reaffirmed 630 00:34:52,200 --> 00:34:56,000 Speaker 1: that this morning, made very clear there are ways to 631 00:34:56,040 --> 00:34:58,520 Speaker 1: work out of this. Where the Fed blinks to fed adjust, 632 00:34:58,760 --> 00:35:01,239 Speaker 1: let me go to the bond space. Michael Collins at 633 00:35:01,239 --> 00:35:04,279 Speaker 1: p JIM and then over to the wonderful Tony Roth 634 00:35:04,719 --> 00:35:10,120 Speaker 1: at Wilmington's Trust, both talking about the asymmetries of the 635 00:35:10,200 --> 00:35:15,239 Speaker 1: price decline in bonds. They could get worse, bonds could 636 00:35:15,280 --> 00:35:19,400 Speaker 1: go down in price, higher in yield. But both of them, 637 00:35:19,440 --> 00:35:23,439 Speaker 1: in their own way, we're saying the potential payoff from 638 00:35:23,480 --> 00:35:28,480 Speaker 1: being optimistic here is far greater than the potential losses. 639 00:35:28,840 --> 00:35:34,319 Speaker 1: Tony Roth suggesting growth, big tech, microsoftie like and Mr 640 00:35:34,400 --> 00:35:39,239 Speaker 1: Collins at p JIM suggesting they're really studying grabbed the 641 00:35:39,320 --> 00:35:43,280 Speaker 1: coupon at whatever credit in bonds. It may go down, 642 00:35:43,800 --> 00:35:47,440 Speaker 1: you may lose money, but the upside, to use his language, 643 00:35:47,640 --> 00:35:51,240 Speaker 1: is double digit bond potential. Now that's not me talking, 644 00:35:51,560 --> 00:35:54,919 Speaker 1: them talking, But Joe, you will twist us around. I'll 645 00:35:54,920 --> 00:35:58,200 Speaker 1: do my best. Actually, Tom Keane, you're walking us into 646 00:35:58,200 --> 00:36:00,920 Speaker 1: the weekend here on Bloomberg sound On. Just have to 647 00:36:00,920 --> 00:36:04,719 Speaker 1: know is there an official adult beverage for Davos. That's 648 00:36:04,719 --> 00:36:08,600 Speaker 1: a loaded question. It's sort of a movable force as 649 00:36:08,160 --> 00:36:11,240 Speaker 1: it's it's basically I go, well, what what are you pouring? 650 00:36:11,320 --> 00:36:14,160 Speaker 1: Or you know, I'll have what you're having. Fine, that works. 651 00:36:15,280 --> 00:36:19,160 Speaker 1: It will not be a Moscow mule to you this year, 652 00:36:19,280 --> 00:36:24,400 Speaker 1: No Moscow mules. Will you watch the Red Sox from overseas? 653 00:36:24,719 --> 00:36:29,440 Speaker 1: This is a problematic issue. John Farrow has me stealed 654 00:36:30,000 --> 00:36:33,400 Speaker 1: to watch a clan which I wouldn't know if they 655 00:36:33,480 --> 00:36:37,000 Speaker 1: hit me over the head, you'd be stunned. How hard 656 00:36:37,080 --> 00:36:41,320 Speaker 1: it is to watch American sports in Europe. That something 657 00:36:41,440 --> 00:36:45,600 Speaker 1: real chore. Tom Keene, get home safe. Thank you so 658 00:36:45,680 --> 00:36:48,960 Speaker 1: much for your debut appearance on Bloomberg Sound On. Would 659 00:36:48,960 --> 00:36:51,919 Speaker 1: you do this again? I'll talk to my people, they'll 660 00:36:51,920 --> 00:36:57,080 Speaker 1: talk to your people. We figured out the great Tom Keane. 661 00:36:57,680 --> 00:37:01,280 Speaker 1: Everybody finally on the big broad cast. Almost a year 662 00:37:03,040 --> 00:37:05,040 Speaker 1: it took to get Tom Keene, of course, the co 663 00:37:05,200 --> 00:37:08,120 Speaker 1: host of Bloomberg Surveillance. As you heard Tom mentioned, it's 664 00:37:08,320 --> 00:37:12,680 Speaker 1: weekday mornings. God, they do start early six a m. 665 00:37:12,760 --> 00:37:16,120 Speaker 1: Wall Street time. If you get up on a Tuesday, 666 00:37:16,360 --> 00:37:19,080 Speaker 1: you might even see me talking to Tom. He's a kidder. 667 00:37:20,480 --> 00:37:23,839 Speaker 1: Travel safe, sir. We're actually we've got a massive contingency 668 00:37:23,920 --> 00:37:26,440 Speaker 1: going to Davos, and you can expect special coverage on 669 00:37:26,520 --> 00:37:29,719 Speaker 1: surveillance right here on Bloomberg Radio. As we move into 670 00:37:29,800 --> 00:37:32,160 Speaker 1: next week, We're gonna have special coverage as well. It's 671 00:37:32,160 --> 00:37:34,920 Speaker 1: gonna be a really important week next week President Biden's 672 00:37:34,920 --> 00:37:37,480 Speaker 1: trip of course to Asia. Will be following the President 673 00:37:37,520 --> 00:37:40,520 Speaker 1: as he makes his way from South Korea to Japan. 674 00:37:40,680 --> 00:37:43,240 Speaker 1: And we've got this massive primary day. Well I shouldn't 675 00:37:43,239 --> 00:37:46,560 Speaker 1: say massive compared to last week. There were five states, 676 00:37:46,560 --> 00:37:49,320 Speaker 1: of course, but massive and significance because of one state. 677 00:37:49,680 --> 00:37:52,800 Speaker 1: If you heard our conversation with Emma and Jack, Georgia 678 00:37:53,040 --> 00:37:55,480 Speaker 1: votes the Trump brand on the line, and we'll have 679 00:37:56,040 --> 00:37:58,600 Speaker 1: a lot of stuff to talk about coming into going 680 00:37:58,600 --> 00:38:01,480 Speaker 1: out of that. I'm Mary the a P by the way, 681 00:38:01,520 --> 00:38:04,799 Speaker 1: Associated Press calling during this broadcast while I was just 682 00:38:04,840 --> 00:38:08,560 Speaker 1: talking to Tom that the Os McCormick race the Pennsylvania 683 00:38:08,640 --> 00:38:12,439 Speaker 1: Republican primary likely go into a recount. But of course 684 00:38:12,440 --> 00:38:14,840 Speaker 1: if you listen to this broadcast you knew that already. 685 00:38:15,480 --> 00:38:18,400 Speaker 1: Have a great weekend, and thanks to everybody for jumping in. 686 00:38:18,520 --> 00:38:22,960 Speaker 1: Tom Keen, em mckinry, Jack Fitzpatrick and Anna Ashton on 687 00:38:23,040 --> 00:38:26,479 Speaker 1: the Fastest Hour in Politics. Will update the markets next 688 00:38:26,520 --> 00:38:29,120 Speaker 1: after another roller coaster, and I'll meet you back here 689 00:38:29,160 --> 00:38:32,080 Speaker 1: on Monday on sound On. I'm Joe Matthew and Washington. 690 00:38:32,440 --> 00:38:33,520 Speaker 1: This is Bloomberg