WEBVTT - Nikki Haley Exits GOP Race; Jay Powell Testifies

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news. Good morning, I'm Nathan

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<v Speaker 1>Hager and I'm Karen Moscow. Here are the stories we're

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<v Speaker 1>following today.

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<v Speaker 2>The big story this morning is in politics. President Biden

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<v Speaker 2>is barreling closer to a twenty twenty four rematch with

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<v Speaker 2>former President Donald Trump.

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<v Speaker 3>They call it Super Tuesday for a reason.

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<v Speaker 4>This is a big one.

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<v Speaker 1>And they tell me, the pundits and otherwise that there's

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<v Speaker 1>never been one like this.

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<v Speaker 3>Has never been anything so conclusive.

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<v Speaker 5>This was an amazing, an amazing night, an amazing day.

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<v Speaker 2>The former president is celebrating after an ear clean sweep

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<v Speaker 2>of the fifteen states in play on Super Tuesday. Republican

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<v Speaker 2>Nikki Haley managed to win in Vermont, but it leaves

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<v Speaker 2>her still far behind Trump in the delegate count. With

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<v Speaker 2>twelve hundred and fifteen delegates needed to clinch the nomination,

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<v Speaker 2>Trump now has nine hundred and ninety five to Hayley's

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<v Speaker 2>eighty nine, and we have the Wall Street Journal reporting

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<v Speaker 2>Nikki Haley will suspend her campaign in a speech this

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<v Speaker 2>morning in the Charleston area. As for President Biden, he

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<v Speaker 2>cruised to victory in all fifteen states in play on

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<v Speaker 2>the Democratic.

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<v Speaker 1>Side, well, Nathan Wild appears, a Biden Trump a rematch

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<v Speaker 1>seems inevitable. Attention for many now turns to campaigning for

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<v Speaker 1>the general election. Bloomberg News Senior editor Bill Ferries talked

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<v Speaker 1>about strategies for the two front runners, beginning with Donald Trump.

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<v Speaker 6>How he runs his campaign still remains to be seen,

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<v Speaker 6>whether he holds these big rallies like he has traditionally

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<v Speaker 6>done in the past. He hasn't been out campaigning as

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<v Speaker 6>much as in the past, partly because he's had a

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<v Speaker 6>lot of court cases to attend to and partly because

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<v Speaker 6>he hasn't really needed to. He's been the leading candidate

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<v Speaker 6>since this race started, and I think on President Biden's side,

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<v Speaker 6>we're going to see him try to set the terms

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<v Speaker 6>of this campaign going forward. On Thursday night in the US,

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<v Speaker 6>when he gives his annual State of the Union. It's

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<v Speaker 6>a good chance for him to set out what he

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<v Speaker 6>thinks are his top accomplishments and the ways that he

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<v Speaker 6>separates himself from Donald Trump.

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<v Speaker 1>According to Bloomberg's Bill Ferries, a Biding campaign memo released

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<v Speaker 1>this morning, he says reaching disaffected voters who opposed Trump

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<v Speaker 1>could be a key part of the president's strategy.

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<v Speaker 2>Karen super Tuesday also saw high profile Senate primaries in California.

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<v Speaker 2>It's now down to the man who led the Trump

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<v Speaker 2>impeachment probes in the House versus a former baseball all star.

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<v Speaker 2>We get the details from Bloomberg's Ed Baxter. In San Francisco, it.

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<v Speaker 7>Will be Democrat Adam Schiff and Republican Steve Garvey. The

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<v Speaker 7>group had been pretty tightly bunched and pulling a month ago,

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<v Speaker 7>but Shift pulled out an interesting TV ad campaign portraying

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<v Speaker 7>Garvey as too conservative for California. It booyed Shift, but

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<v Speaker 7>also gave Garvey more name recognition. Garvey, of political novice,

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<v Speaker 7>former star baseball player with the Dodgers and Padres, has

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<v Speaker 7>stayed pretty low profile during the campaign. Now one of

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<v Speaker 7>them will take Diane Feinstein's seat. It'll be a break

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<v Speaker 7>in decades long history of at least one woman senator

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<v Speaker 7>from California. Ed Baxter Bloomberg Radio.

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<v Speaker 8>All Right, Ed, thank you Now.

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<v Speaker 2>With almost half the votes counted, Adam Schiff has thirty

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<v Speaker 2>three percent to Steve Garvey's thirty two percent.

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<v Speaker 1>Taking a look at some other key races, Nathan Democratic

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<v Speaker 1>Congressman Colin already won the Texas primary to take on

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<v Speaker 1>Republican Senator Ted Cruz in November, already broke with President

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<v Speaker 1>Biden over his handling of the Southern border. A Trump

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<v Speaker 1>back candidate in Texas, Brandon Gill, won the primary for

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<v Speaker 1>retiring Congressman Michael Burgess's House seat. Congressman Barry Moore won

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<v Speaker 1>the Republican primary in an Alabama district that was redrawn

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<v Speaker 1>to keep the black vote from being diluted, and in California,

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<v Speaker 1>the vote is still too close to call on a

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<v Speaker 1>ballot measure that would borrow six point four billion dollars

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<v Speaker 1>to pay for new housing and treatment programs to fight homelessness.

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<v Speaker 2>As former President Trump shifts his focus to the general election,

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<v Speaker 2>Karen He reportedly met with Elon Musk and other potential

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<v Speaker 2>donors on Sunday.

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<v Speaker 8>We get more on that from Bloomberg stud Prisner.

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<v Speaker 9>Trump is urgently seeking new donors to support his presidential campaign.

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<v Speaker 9>The New York Times reports he is hoping to have

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<v Speaker 9>a one on one meeting with Musk soon. It's not

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<v Speaker 9>clear whether Musk plans to give money to the former

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<v Speaker 9>president's twenty twenty four campaign. Musk has at times been

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<v Speaker 9>at odds with the Biden administration. Back in twenty twenty two,

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<v Speaker 9>Musk said he had voted Republican for the first time ever.

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<v Speaker 9>Needless to say, last night, Trump and President Biden moved

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<v Speaker 9>closer to a rematch in November's general election in New York.

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<v Speaker 9>I'm Doug Prisoner, Bloomberg Radio.

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<v Speaker 1>All Right, Doug, thank you well, let's turn to the economy. Now,

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<v Speaker 1>it's the big event. Wall Street has been waiting for.

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<v Speaker 1>FED Chair j Powell begins his two day semi annual

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<v Speaker 1>testimony before Congress. We get a preview from Bloomberg's Michael McKee.

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<v Speaker 5>No doubt Powell's hearings will be dominated by the questions

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<v Speaker 5>of when the Fed will lower interest rates and by

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<v Speaker 5>how much Democrats would love cuts to kick off soon

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<v Speaker 5>to better aid President Biden's re election campaign. Republicans have

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<v Speaker 5>already signaled they'll be warning Powell not to politicize the

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<v Speaker 5>Central Bank. Expect the chair to his it's the decision

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<v Speaker 5>will be based on progress on inflation and nothing else.

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<v Speaker 5>Wall Street won't like it, but he's not going to

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<v Speaker 5>tip his hand on timing. Politics will be in the room, however,

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<v Speaker 5>with the State of the Union address on Thursday night,

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<v Speaker 5>Poull will likely be asked about the budget deficit, banking

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<v Speaker 5>regulation and its money losing balance sheet. Michael McKee Bloomberg.

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<v Speaker 8>Radio, Okay, Mike. Thanks.

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<v Speaker 2>In company news, job cuts are reportedly coming to Morgan Stanley.

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<v Speaker 2>Reuter's is reporting the bank has laid off about nine

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<v Speaker 2>percent of its staff at its asset management business unit

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<v Speaker 2>in China. The report says the headcount reduction began in

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<v Speaker 2>December and effects about fifteen employees.

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<v Speaker 1>While staying in the banking industry Nathan the Citigroup CEO,

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<v Speaker 1>Jane Fraser says her reorganization, aimed at streamlining the bank

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<v Speaker 1>and making it more competitive with its peers, has gone

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<v Speaker 1>faster than expected. And we get the story from Bloomberg's

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<v Speaker 1>Charlie Pillett.

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<v Speaker 10>Her remarks came at the RBC Capital Market's Global Financial

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<v Speaker 10>Institutions Conference in New York. As she sent out positive

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<v Speaker 10>guidance for the year ahead. She said, quote, We're not

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<v Speaker 10>going to make the mistakes we have made in the past.

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<v Speaker 10>Fraser has been under closed scrutiny after initiating what's built

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<v Speaker 10>as the largest restructuring of City Group in decades, designed

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<v Speaker 10>to propel the firm from a banking underdog to one

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<v Speaker 10>competitive with its more profitable peers in New York. Charlie

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<v Speaker 10>Pellett Bloomberg Radio.

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<v Speaker 2>All right, Charlie, thanks on another Wall Street giant, Goldman

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<v Speaker 2>Sachs is zeroing in on Europe, the Middle East, and

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<v Speaker 2>Africa as it continues building out its private banking operations

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<v Speaker 2>for the world's wealthy. A senior Goldman executive says the

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<v Speaker 2>banks recently hired at least six private wealth advisors in

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<v Speaker 2>the region from rivals including JP Morgan, Chase, Credit, Sweee,

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<v Speaker 2>and Rothschild In company, Goldman plans to continue looking outside

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<v Speaker 2>the firm for additional advisors well.

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<v Speaker 1>In Tech News, Nathan Apple's troubles and the European Union

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<v Speaker 1>are just beginning, even after it was hit with the

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<v Speaker 1>blog's third largest anti trust find ever. Tomorrow. The EU

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<v Speaker 1>is betting that a sweeping new law will ran in

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<v Speaker 1>the excesses of Apple and some of the world's most

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<v Speaker 1>dominant tech firms after decades of market dominance that the

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<v Speaker 1>bloc has struggled to contain. We spoke with EU Competition

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<v Speaker 1>chief Margareth Vestigo.

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<v Speaker 3>The messaging from the Apple case, of course, is don't

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<v Speaker 3>do this. Stop What are you doing don't put anything

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<v Speaker 3>in place that would have the same effect. We see

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<v Speaker 3>an illegal abuse that has been ongoing for a number

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<v Speaker 3>of years.

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<v Speaker 1>US Competition Chief Margareth, investigator says the new Digital Markets

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<v Speaker 1>Act will force tech giants to heed a strict list

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<v Speaker 1>of does and don'ts or face the threat of significant fines.

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<v Speaker 2>Now the look at the other stories making news in

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<v Speaker 2>New York and around the world. We bring in Bloomberg's

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<v Speaker 2>Michael Barr, Good Morning, Michael.

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<v Speaker 4>Good morning, Nathan. More legal trouble for New Jersey Democratic

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<v Speaker 4>Senator Bob Menendez and his wife. Prosecutors have now added

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<v Speaker 4>obstructing justice charges to those he already faces. The new

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<v Speaker 4>accusations appear to result from last week's guilty place of

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<v Speaker 4>co defended Jose Eribe agreeing to cooperate againstent of Menendez.

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<v Speaker 4>Euribe has admitted to providing the senator's wife of Mercedes Benz,

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<v Speaker 4>in exchange for the senator's help. The senator and his

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<v Speaker 4>wife claim they thought they were loans. Independent Senator Kirsten Cinema,

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<v Speaker 4>No of Arizona, says she will not run for a

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<v Speaker 4>second term. Cinema, who switched to party affiliation from Democrat

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<v Speaker 4>to Independent in twenty twenty two was trailing in third

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<v Speaker 4>place and polls. She criticized part of some dysfunction in

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<v Speaker 4>Congress in announcing her much anticipated decision.

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<v Speaker 11>The only political victories that matter these days are symbolic

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<v Speaker 11>attacking your opponents on cable news or social media. Compromise

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<v Speaker 11>is a dirty word. We've arrived at that crossroad, and

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<v Speaker 11>we chose anger and division.

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<v Speaker 4>With Cinema out, it now likely leaves it a race

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<v Speaker 4>between Democrat Reuben Diego and Republican Carrie Lake. A House

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<v Speaker 4>committee on the coronavirus pandemic has subpoena former New York

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<v Speaker 4>Governor Andrew Cuomo to testify May twenty fourth about his

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<v Speaker 4>twenty twenty man date forcing state nursing homes and long

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<v Speaker 4>term care facilities to admit or readmit potentially contagious and

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<v Speaker 4>untested COVID nineteen patients. According to the panel chair, Ohio

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<v Speaker 4>Republican bad Grad Windscript, he says, not only did the

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<v Speaker 4>former governor put the elderly in harm's way, but he

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<v Speaker 4>also attempted to cover up his failures by hiding the

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<v Speaker 4>true nursing home death rate. Cuomo's lawyer Rita Glavin says

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<v Speaker 4>that this is pure political theater. No ceasefire agreement yet

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<v Speaker 4>between Israel and a MOSS. Talks with Mos and Cairo

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<v Speaker 4>ended with no breakthrough. White House National Security Communications Advisor

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<v Speaker 4>John Kirby says, is up to a Moss to make

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<v Speaker 4>a move.

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<v Speaker 12>What we're looking for and what we want temporary cease

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<v Speaker 12>fire for about six weeks. That'll allow us to get

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<v Speaker 12>more aid in and more importantly, get all those hostages

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<v Speaker 12>back with their families where they belong and reduce the violence.

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<v Speaker 12>That's the deal on the table, and as the President

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<v Speaker 12>also said today, it's a rational deal. And the Israelis

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<v Speaker 12>have been cooperating, they have been negotiating in good faith

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<v Speaker 12>on this. It's time for Hamas to step up to

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<v Speaker 12>the plate, take a swing, and let's get this thing done.

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<v Speaker 4>Global News twenty four hours a day and whenever you

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<v Speaker 4>want it with Bloomberg News Now. I'm Michael Barrn. This

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<v Speaker 4>is Bloomberg Nather.

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<v Speaker 8>Thank you, Michael.

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<v Speaker 2>Time out for the Bloomberg Sports Update, brought to you

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<v Speaker 2>by Trice Date out he with John stash Hoer.

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<v Speaker 13>All right, Nathan the next at the garden again without

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<v Speaker 13>four starters. The MRI on Jalen Brunson's knee came back clean,

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<v Speaker 13>but they didn't want to rush him back, and the

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<v Speaker 13>Knicks came out flat. Trailed Atlanta by twenty two in

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<v Speaker 13>the first half, did rally to tie, but never took

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<v Speaker 13>the lead. The Hawks, who were without their top scorer

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<v Speaker 13>Trey Young, pulled away one sixteen to one hundred. Nick

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<v Speaker 13>shot only thirty eight percent. They took fifty two to

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<v Speaker 13>three pointers, also out rebounded by eleven. The coach is

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<v Speaker 13>Tom Thibodeau.

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<v Speaker 14>The rebounding was a problem that was that was a

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<v Speaker 14>bigger concern for me than you know, like mishots are

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<v Speaker 14>part of the game. Your rebounding. That's important, and we

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<v Speaker 14>didn't rebound the ball the way.

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<v Speaker 4>You know.

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<v Speaker 14>It was one or the few times we got out rebounding.

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<v Speaker 13>It's that nine game winning streak. Knicks for four and nine,

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<v Speaker 13>two and seven at home, they host Orlando Friday at

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<v Speaker 13>Barkley's Nets beat The Sixers won twelve one oh seven.

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<v Speaker 13>In Cleveland, Celtics seemed on their way to a twelve

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<v Speaker 13>in a row, up by twenty two in the fourth quarter.

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<v Speaker 13>The Cavs, playing without their top scorer Donovan Mitchell rallied

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<v Speaker 13>to win by one. Phoenix won an overtime at Denver.

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<v Speaker 13>Kevin Durant scored thirty five the Devil's first game for

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<v Speaker 13>new coach Travis Green. They lost at home to Florida

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<v Speaker 13>five to three, Islanders down to nothing, came back beat

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<v Speaker 13>Saint Louis four to two. Edmonton a two to one

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<v Speaker 13>overtime win at Boston easily went for Saint John's one

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<v Speaker 13>o four to seventy seven at De Paul, who had

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<v Speaker 13>three and twenty seven as the worst record in the nation,

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<v Speaker 13>top two in the Big Ten, met third rank Perdue

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<v Speaker 13>one at Illinois and Fort Saint Lucie. Mets beat the

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<v Speaker 13>Yankees five to four. Tyler McGill three scoreless innings. Not

0:11:55.440 --> 0:11:58.200
<v Speaker 13>a surprise that the Giants are not giving Saquon Barkley

0:11:58.200 --> 0:12:00.800
<v Speaker 13>the franchise tag as they did last year. It doesn't

0:12:00.800 --> 0:12:03.599
<v Speaker 13>necessarily mean his Giant's career is over, but he'll be

0:12:03.640 --> 0:12:06.640
<v Speaker 13>a free agent, will certainly listen to other offers. Also

0:12:06.720 --> 0:12:09.080
<v Speaker 13>no tag for safety Xavier McKinney. You just at his

0:12:09.160 --> 0:12:11.440
<v Speaker 13>best season. He'll also be a free agent, and free

0:12:11.440 --> 0:12:15.319
<v Speaker 13>agency begins in one week. John Stashenawer Bloomberg Sports.

0:12:15.520 --> 0:12:19.559
<v Speaker 2>Want to get right back to Super Tuesday and The Aftermath.

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<v Speaker 2>We're joined by Wendy Schiller, director of the Alfred Talbin

0:12:22.800 --> 0:12:26.760
<v Speaker 2>Center for American Politics and Policy at Brown University, and

0:12:26.840 --> 0:12:30.520
<v Speaker 2>Wendy will lead with the new The Aftermath. For Nicki Haley,

0:12:30.559 --> 0:12:33.439
<v Speaker 2>the Wall Street Journal is reporting that she will suspend

0:12:33.480 --> 0:12:36.760
<v Speaker 2>her campaign to this morning in a speech in Charleston,

0:12:36.840 --> 0:12:40.640
<v Speaker 2>South Carolina, and decline to make an endorsement at least

0:12:40.760 --> 0:12:41.960
<v Speaker 2>at this point.

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<v Speaker 8>Your reaction, well.

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<v Speaker 15>I mean, I don't think, Maathan, this is unexpected. I

0:12:47.040 --> 0:12:50.520
<v Speaker 15>think people thought she'd stay until, you know, yesterday, and

0:12:50.600 --> 0:12:53.600
<v Speaker 15>then the maths is becoming insurmountable. And then you have

0:12:53.640 --> 0:12:56.560
<v Speaker 15>to ask yourself, you know, why you taking donor dollars

0:12:56.720 --> 0:12:59.320
<v Speaker 15>and why do not you set yourself up potentially for

0:12:59.400 --> 0:13:02.320
<v Speaker 15>twenty twenty. You know, the important thing is what Nikki

0:13:02.400 --> 0:13:05.439
<v Speaker 15>Helly does next? You know, does she you know, support

0:13:05.440 --> 0:13:07.920
<v Speaker 15>Trump in the end a couple months from now, or

0:13:07.960 --> 0:13:10.800
<v Speaker 15>does she stay quiet or does she actually try to

0:13:10.880 --> 0:13:13.160
<v Speaker 15>undermine the Trump campaign. I mean, if you want to

0:13:13.200 --> 0:13:14.920
<v Speaker 15>run twenty eight, I don't think that's going to be

0:13:14.960 --> 0:13:17.680
<v Speaker 15>your strategy necessarily. But on the other hand, she seems

0:13:17.679 --> 0:13:21.679
<v Speaker 15>to have attracted financial support and voter support from a

0:13:21.760 --> 0:13:25.720
<v Speaker 15>decent sized wing of the Republican Party. So the question

0:13:25.720 --> 0:13:27.800
<v Speaker 15>for her is how do I position myself for twenty

0:13:27.840 --> 0:13:30.440
<v Speaker 15>eight not really what I can do in the remaining

0:13:30.480 --> 0:13:31.280
<v Speaker 15>months of twenty four.

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<v Speaker 2>Well, the reporting that we're seeing is that she's going

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<v Speaker 2>to encourage the former president to earn the support of

0:13:37.280 --> 0:13:41.320
<v Speaker 2>the Republican and independent voters who backed her throughout the campaign,

0:13:41.480 --> 0:13:46.360
<v Speaker 2>and will continue to emphasize advocating conservative domestic and foreign

0:13:46.400 --> 0:13:50.320
<v Speaker 2>policies that seem to be going against the direction that

0:13:50.400 --> 0:13:53.000
<v Speaker 2>former President Trump is taking the party.

0:13:53.240 --> 0:13:54.880
<v Speaker 15>Well, I mean, I think what we're going to see

0:13:55.320 --> 0:13:58.880
<v Speaker 15>is that the campaign will rest on a personality of

0:13:58.920 --> 0:14:02.520
<v Speaker 15>Donald Trump can contain himself. His campaign's death has been

0:14:02.600 --> 0:14:05.240
<v Speaker 15>much better at keeping him contained since the New Hampshire

0:14:05.280 --> 0:14:09.400
<v Speaker 15>primary where his speech was not well received, So that's

0:14:09.480 --> 0:14:11.839
<v Speaker 15>been a turn. Most of the time he can't really

0:14:11.880 --> 0:14:14.240
<v Speaker 15>contain him, but now he seems to be understanding that

0:14:14.320 --> 0:14:17.760
<v Speaker 15>the less he says, generally speaking, the better he does.

0:14:18.520 --> 0:14:20.760
<v Speaker 15>So that's going to be the big test. And can

0:14:20.880 --> 0:14:23.480
<v Speaker 15>Joe Biden tomorrow night is the State of the Union

0:14:23.880 --> 0:14:28.720
<v Speaker 15>give a robust enough speech to persuade you know, unhappy

0:14:28.760 --> 0:14:32.800
<v Speaker 15>Democrats and also independent voters that he is worth investing

0:14:32.880 --> 0:14:37.480
<v Speaker 15>in even you know, in November, given their concerns. So

0:14:37.880 --> 0:14:41.360
<v Speaker 15>now the general campaign begins, and it's a long way

0:14:41.400 --> 0:14:45.040
<v Speaker 15>it till November, and if the Trump campaign can keep

0:14:45.160 --> 0:14:48.480
<v Speaker 15>him contained for a very long period of time, I

0:14:48.520 --> 0:14:52.080
<v Speaker 15>think that makes the Biden camp much more worried and

0:14:52.200 --> 0:14:56.640
<v Speaker 15>nervous because reminding everybody what Trump was like and what

0:14:56.720 --> 0:14:59.160
<v Speaker 15>he said is rhetoric about women, et cetera, et cetera,

0:14:59.560 --> 0:15:02.880
<v Speaker 15>versus you know, his generally decent record on the economy

0:15:03.160 --> 0:15:05.880
<v Speaker 15>before the pandemic. That's going to be the big framing

0:15:05.960 --> 0:15:07.000
<v Speaker 15>question as we go forward.

0:15:07.160 --> 0:15:10.160
<v Speaker 8>Well, keeping Trump contained really is the big wild card,

0:15:10.240 --> 0:15:12.680
<v Speaker 8>isn't it when you consider all the legal battles that

0:15:12.720 --> 0:15:15.200
<v Speaker 8>the former president is going to be facing in the

0:15:15.200 --> 0:15:18.000
<v Speaker 8>next several months leading up to the November election.

0:15:19.320 --> 0:15:22.040
<v Speaker 15>Yeah, I mean, I think if the Biden campaign can

0:15:22.920 --> 0:15:27.240
<v Speaker 15>resuscitate Biden's image as someone who's a productive and successful

0:15:27.280 --> 0:15:30.360
<v Speaker 15>president and can do it again, then I think, you know,

0:15:30.480 --> 0:15:32.840
<v Speaker 15>the Democrats, the poll numbers might shift a little bit,

0:15:33.520 --> 0:15:36.880
<v Speaker 15>but Trump usually goes with what's working, and right now

0:15:36.960 --> 0:15:40.200
<v Speaker 15>he seems to be persuaded that staying quiet is what's working.

0:15:40.280 --> 0:15:41.880
<v Speaker 15>The board is still a big issue. I mean, these

0:15:41.880 --> 0:15:44.520
<v Speaker 15>are the issues besides the pandemic that people worried about

0:15:44.520 --> 0:15:47.480
<v Speaker 15>in twenty twenty. The thing is that if inflation continues

0:15:47.520 --> 0:15:50.360
<v Speaker 15>to be steady, not go up, maybe go down a

0:15:50.400 --> 0:15:52.720
<v Speaker 15>little bit, and people get used to the idea that

0:15:52.760 --> 0:15:55.440
<v Speaker 15>we no longer have really massive inflation, although we still

0:15:55.480 --> 0:15:59.280
<v Speaker 15>have pretty high grocery bills and smaller packaging. But if

0:15:59.320 --> 0:16:03.160
<v Speaker 15>that happened and the economy stabilizes, no big layoffs, and

0:16:03.200 --> 0:16:06.640
<v Speaker 15>this rhetoricat recession fades, by the summer, you're going to

0:16:06.720 --> 0:16:10.880
<v Speaker 15>have two nominating conventions featuring these candidates, and people will

0:16:10.920 --> 0:16:13.160
<v Speaker 15>go back to the choice they had in twenty twenty.

0:16:13.480 --> 0:16:15.960
<v Speaker 15>That's the worry for the Trump campaign that it will

0:16:16.000 --> 0:16:18.560
<v Speaker 15>revert back to twenty twenty in terms of this comparison,

0:16:18.800 --> 0:16:20.600
<v Speaker 15>and in that case, Biden came out the winner.

0:16:20.960 --> 0:16:23.200
<v Speaker 8>Is there a worry among either of the campaigns?

0:16:23.200 --> 0:16:25.880
<v Speaker 2>Do you think that voters are just going to stay

0:16:25.960 --> 0:16:29.000
<v Speaker 2>home in November when we have so many polls showing

0:16:29.000 --> 0:16:32.760
<v Speaker 2>that the majority of Americans don't want this Biden Trump

0:16:32.800 --> 0:16:37.120
<v Speaker 2>rematch that now looks inevitable, and despite the fact that

0:16:37.160 --> 0:16:39.960
<v Speaker 2>we saw record turn out in twenty twenty. I mean,

0:16:40.000 --> 0:16:42.440
<v Speaker 2>the dynamics are quite a bit different than they were

0:16:42.480 --> 0:16:43.560
<v Speaker 2>four years ago, aren't they.

0:16:44.680 --> 0:16:46.840
<v Speaker 15>They are, I mean, there's no question about that. But

0:16:46.920 --> 0:16:49.000
<v Speaker 15>that was remember a pandemic, and we had a lot

0:16:49.000 --> 0:16:51.000
<v Speaker 15>of mail in voting, and some of the products of that.

0:16:51.240 --> 0:16:53.720
<v Speaker 15>Some additional states have now gone to all vote by mail.

0:16:53.960 --> 0:16:56.920
<v Speaker 15>So that's what's interesting about that. So we'll have an

0:16:56.960 --> 0:17:00.000
<v Speaker 15>election without vote by mail, and for both sides, particularly

0:17:00.040 --> 0:17:03.560
<v Speaker 15>the Democrats, that presents a different organizational challenge than twenty twenty.

0:17:05.040 --> 0:17:08.080
<v Speaker 16>This is Bloomberg Daybreak Today, your morning brief on the

0:17:08.119 --> 0:17:11.560
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