1 00:00:00,120 --> 00:00:03,160 Speaker 1: In looks a lot different than it looked in. You 2 00:00:03,240 --> 00:00:06,080 Speaker 1: really have a divide within Team Trump. The present has 3 00:00:06,160 --> 00:00:08,159 Speaker 1: to do exactly what people send him here to do, 4 00:00:08,160 --> 00:00:11,440 Speaker 1: which is to get it done. This is Bloomberg Sound 5 00:00:11,520 --> 00:00:20,520 Speaker 1: On with Kevin on Bloomberg HD two Optimism Optimism. The 6 00:00:20,640 --> 00:00:26,360 Speaker 1: DAL surges the most since nineteen thirty three on stimulus 7 00:00:26,520 --> 00:00:30,080 Speaker 1: deal hopes. As how Speaker Nancy Pelosi says she's an optimist. 8 00:00:30,440 --> 00:00:33,440 Speaker 1: She says she's optimistic on a virus deal after President 9 00:00:33,440 --> 00:00:37,360 Speaker 1: Trump's agrees to oversight. And meanwhile, we will bring you 10 00:00:37,400 --> 00:00:41,879 Speaker 1: the latest from Capitol Hill, where lawmakers are continuously working 11 00:00:42,320 --> 00:00:45,320 Speaker 1: on this economic stimulus deal. The President sets to have 12 00:00:45,440 --> 00:00:51,360 Speaker 1: his Coronavirus Task Force meeting at five thirty pm Eastern Time. 13 00:00:51,479 --> 00:00:54,040 Speaker 1: I'll go to that live. Should they be on time. 14 00:00:54,080 --> 00:00:57,160 Speaker 1: They haven't been on time all week. We've got all 15 00:00:57,440 --> 00:01:01,840 Speaker 1: star panel, all eyes on the nation's capital on Senate 16 00:01:01,840 --> 00:01:05,880 Speaker 1: Majority Leader Mitch McConnell, Treasury Secretary Stephen Venusian, and House 17 00:01:05,880 --> 00:01:11,040 Speaker 1: Speaker Nancy Pelosi. Wall streets optimistic, but small businesses and 18 00:01:11,160 --> 00:01:15,280 Speaker 1: medium sized businesses are on edge. Anna Edgerton joins me 19 00:01:15,480 --> 00:01:19,840 Speaker 1: from the telephone. She's Bloomberg Politics editor Anna, what time 20 00:01:20,160 --> 00:01:23,880 Speaker 1: would a vote come. Well, we're waiting to see the 21 00:01:23,920 --> 00:01:26,679 Speaker 1: final legislative text. And that's really what it comes down 22 00:01:26,680 --> 00:01:30,160 Speaker 1: to you. In order to get a Senate vote done tonight, Um, 23 00:01:30,520 --> 00:01:32,880 Speaker 1: they would have to have pretty robust support for this. 24 00:01:33,040 --> 00:01:35,319 Speaker 1: They're going to vote tonight. They would need to not 25 00:01:35,440 --> 00:01:39,039 Speaker 1: have any senator object to this bill going through in 26 00:01:39,160 --> 00:01:42,000 Speaker 1: order to do this quickly. Now, then the next question 27 00:01:42,040 --> 00:01:44,479 Speaker 1: is what happens in the House and how Speaker Nancy 28 00:01:44,480 --> 00:01:47,200 Speaker 1: Pelosi said this morning that she wanted to pass this 29 00:01:47,280 --> 00:01:50,680 Speaker 1: by unanimous consent, which is a pretty amazing thing for 30 00:01:50,840 --> 00:01:53,920 Speaker 1: a two trillion dollar For a two trillion dollar bill, 31 00:01:53,960 --> 00:01:56,440 Speaker 1: they're basically just phoning it in because they want to 32 00:01:56,440 --> 00:01:59,279 Speaker 1: do this quickly. Well, they need to do it quickly 33 00:01:59,320 --> 00:02:02,560 Speaker 1: because in addition into providing economic relief for Americans who 34 00:02:02,600 --> 00:02:07,280 Speaker 1: are without income, but there's also access to credit and 35 00:02:07,280 --> 00:02:09,040 Speaker 1: and this is really what I want to focus in on. 36 00:02:09,080 --> 00:02:11,440 Speaker 1: And your team has been doing such an incredible job 37 00:02:11,520 --> 00:02:14,080 Speaker 1: of this. And you know, I remember watching you on 38 00:02:14,120 --> 00:02:16,720 Speaker 1: Capitol Hill. You know the halls of Congress and lawmakers 39 00:02:16,760 --> 00:02:19,840 Speaker 1: better than anyone. But get into the weeds here. If 40 00:02:19,880 --> 00:02:23,800 Speaker 1: you're a medium sized company. If you're a small business, 41 00:02:24,200 --> 00:02:26,320 Speaker 1: are you going to be able to take out a 42 00:02:26,320 --> 00:02:29,560 Speaker 1: loan with zero interest as a result of this backed 43 00:02:29,560 --> 00:02:33,800 Speaker 1: by the government. Yeah, So the Small Business Provision would 44 00:02:33,840 --> 00:02:38,160 Speaker 1: include three and fifty billion dollars for small businesses basically 45 00:02:38,200 --> 00:02:40,960 Speaker 1: to make payroll, pay rent, You pays for those fixed 46 00:02:41,000 --> 00:02:43,160 Speaker 1: costs that they have, even if they don't have revenue 47 00:02:43,200 --> 00:02:46,600 Speaker 1: coming in. Now, if those businesses keep most of their 48 00:02:46,639 --> 00:02:49,520 Speaker 1: staff on payroll and don't lay people off, those loans 49 00:02:49,520 --> 00:02:52,720 Speaker 1: will actually be forgiven, so actually turn into grant. That's 50 00:02:52,760 --> 00:02:55,560 Speaker 1: one of the provisions that the small businesses are most 51 00:02:55,560 --> 00:02:59,560 Speaker 1: excited about. There's also five hundred billion dollars for larger 52 00:02:59,600 --> 00:03:04,080 Speaker 1: corporateations and states and localities that would be available for 53 00:03:04,200 --> 00:03:08,040 Speaker 1: loans and loan guarantees. So what is that? How if 54 00:03:08,040 --> 00:03:11,840 Speaker 1: people are interested in understanding that and getting more, who 55 00:03:11,880 --> 00:03:14,760 Speaker 1: do they have to go to? Because I'm hearing from 56 00:03:14,800 --> 00:03:18,000 Speaker 1: business the business community today, where do they go to 57 00:03:18,160 --> 00:03:22,480 Speaker 1: get that? So the loans will be run through banks 58 00:03:22,520 --> 00:03:26,079 Speaker 1: and credit unions. So these are existing, existing entities. It 59 00:03:26,080 --> 00:03:28,640 Speaker 1: wouldn't be creating a new government bureaucracy in order to 60 00:03:28,680 --> 00:03:30,799 Speaker 1: get these to the people that need it. So it's 61 00:03:30,800 --> 00:03:34,800 Speaker 1: basically a way of encouraging UH lending institutions to get 62 00:03:34,840 --> 00:03:37,920 Speaker 1: liquidity into the system into these companies that are going 63 00:03:37,960 --> 00:03:40,400 Speaker 1: to be really cash drapped as the economy just kind 64 00:03:40,400 --> 00:03:42,480 Speaker 1: of shuts down. You know, people aren't going through restaurants, 65 00:03:42,480 --> 00:03:45,040 Speaker 1: they're not going out for entertainment, they're not using cornsilication, 66 00:03:45,400 --> 00:03:49,120 Speaker 1: you know, not speaking out cultural experiences. So that's the 67 00:03:49,200 --> 00:03:52,680 Speaker 1: idea is that these small businesses can go to their 68 00:03:52,760 --> 00:03:57,000 Speaker 1: lending institutions, get this money that's backed by federal loans 69 00:03:57,080 --> 00:03:59,960 Speaker 1: and have that to have those loans forgiven eventually if 70 00:04:00,000 --> 00:04:04,880 Speaker 1: they see this is just what's just so nonsensical to me, 71 00:04:04,920 --> 00:04:07,520 Speaker 1: because all of the grandstanding that's gone on in Edriton 72 00:04:07,520 --> 00:04:10,920 Speaker 1: Bloomberg Politics editor on both sides of the aisle, it 73 00:04:11,080 --> 00:04:15,480 Speaker 1: is it is it's hard for me to articulate the anger, 74 00:04:16,279 --> 00:04:20,560 Speaker 1: the frustration, the sense of helplessness that people outside of 75 00:04:20,560 --> 00:04:23,440 Speaker 1: this city, outside of the d m V are feeling 76 00:04:23,520 --> 00:04:28,280 Speaker 1: right now. And it's beyond restaurants, and it cuts right 77 00:04:28,360 --> 00:04:34,559 Speaker 1: to the core of every single industry, no matter where 78 00:04:34,640 --> 00:04:39,040 Speaker 1: you are being told to stay home and the uncertainty 79 00:04:39,080 --> 00:04:44,880 Speaker 1: with no clear guideline, that economic anxiety is paralyzing. And 80 00:04:44,920 --> 00:04:47,520 Speaker 1: I think for folks outside of Washington who are looking 81 00:04:47,560 --> 00:04:50,640 Speaker 1: at that Capitol building and they see these people still 82 00:04:50,680 --> 00:04:55,640 Speaker 1: showing up and just grandstanding, it is insane. And so 83 00:04:55,720 --> 00:04:58,280 Speaker 1: I'm wondering if, based upon your reporting and based upon 84 00:04:58,320 --> 00:05:01,200 Speaker 1: the conversations that you're having with your sources, if people 85 00:05:01,320 --> 00:05:04,960 Speaker 1: understand that. And frankly, based on my conversation today with 86 00:05:05,000 --> 00:05:07,560 Speaker 1: sources on both sides of the aisle, I'm not sure 87 00:05:07,600 --> 00:05:12,080 Speaker 1: they do, because this is for that community of Congress 88 00:05:12,120 --> 00:05:16,120 Speaker 1: on both sides, largely recession proof. Yeah, And just to 89 00:05:16,200 --> 00:05:18,359 Speaker 1: give you an example of one of the sticking points, 90 00:05:18,480 --> 00:05:20,960 Speaker 1: you know, abortion has come up for example, which is 91 00:05:21,000 --> 00:05:24,960 Speaker 1: an issue that comes up frequently when we're talking about 92 00:05:25,600 --> 00:05:30,880 Speaker 1: government appropriations funding different um different programs with government money. 93 00:05:31,480 --> 00:05:34,880 Speaker 1: One of the provisions that Republicans would like to put 94 00:05:34,880 --> 00:05:38,200 Speaker 1: in there is a prohibition of using any government funding 95 00:05:38,560 --> 00:05:44,440 Speaker 1: for any institution that provides abortions. So that includes planned parenthood, 96 00:05:44,440 --> 00:05:47,880 Speaker 1: that includes rape crisis centers, that includes you know, kind 97 00:05:47,920 --> 00:05:52,039 Speaker 1: of community nonprofits that provide other health services as well. Well. 98 00:05:52,080 --> 00:05:55,280 Speaker 1: For Democrats, they don't want to have that restriction on 99 00:05:55,320 --> 00:05:58,960 Speaker 1: some of these community based organizations. They want these you 100 00:05:59,040 --> 00:06:01,800 Speaker 1: know essentially small was it to also be eligible for 101 00:06:01,839 --> 00:06:06,360 Speaker 1: these moans even if they provide abortions. So you can 102 00:06:06,400 --> 00:06:10,400 Speaker 1: see how it is kind of a cultural war issue, 103 00:06:10,800 --> 00:06:16,160 Speaker 1: but it's one inside I have to interrupt, how I mean, uh, 104 00:06:16,520 --> 00:06:22,480 Speaker 1: that is so, how did culture war issues get tied 105 00:06:22,560 --> 00:06:28,279 Speaker 1: up in this? I mean that is, no matter where 106 00:06:28,320 --> 00:06:32,800 Speaker 1: you are on on that particular issue, how is this 107 00:06:32,920 --> 00:06:36,680 Speaker 1: getting snowballed in? I mean? And and again, just to repeat, 108 00:06:36,720 --> 00:06:38,840 Speaker 1: there is a sense of optimism that this is going 109 00:06:38,880 --> 00:06:43,040 Speaker 1: to get done tonight or tomorrow morning. Correct, Yes, that's right, 110 00:06:43,080 --> 00:06:44,960 Speaker 1: that's that's our expectation at least in this in it 111 00:06:45,600 --> 00:06:47,800 Speaker 1: and then how them from the House. How long would 112 00:06:47,800 --> 00:06:51,360 Speaker 1: that take? Because there most of them aren't even back, right, 113 00:06:51,440 --> 00:06:53,839 Speaker 1: and they might not come back. That's that's kind of 114 00:06:53,839 --> 00:06:56,680 Speaker 1: the interesting thing about this is the House is anouncedince 115 00:06:56,760 --> 00:07:00,000 Speaker 1: I think March fourteenth, when they passed their last UH 116 00:07:00,200 --> 00:07:04,440 Speaker 1: virus response. Still, so if Pelosi wants to pass this 117 00:07:04,640 --> 00:07:08,320 Speaker 1: quickly without calling all four d and thirty five members 118 00:07:08,360 --> 00:07:13,680 Speaker 1: of Congress of the House back to Washington, they could 119 00:07:13,760 --> 00:07:16,200 Speaker 1: do this by unanimous consent. There are other ways that 120 00:07:16,240 --> 00:07:18,200 Speaker 1: they could do it, maybe by proxy voting the kind 121 00:07:18,200 --> 00:07:22,480 Speaker 1: of parsing the constitutional issues there. But if they do 122 00:07:22,520 --> 00:07:25,920 Speaker 1: it by unanimous consent, that would be the quickest way. However, 123 00:07:27,040 --> 00:07:28,920 Speaker 1: in order to see that. Wait, if they do that 124 00:07:28,920 --> 00:07:30,960 Speaker 1: by unanimous consent, and we have a minute left, so 125 00:07:31,000 --> 00:07:33,200 Speaker 1: how would that work? When would that vote take place? 126 00:07:34,520 --> 00:07:37,960 Speaker 1: Could take place technically as soon as tonight at the 127 00:07:38,000 --> 00:07:42,160 Speaker 1: Senate acts, but more likely tomorrow or the following day. 128 00:07:42,320 --> 00:07:43,840 Speaker 1: But in order to do that you have to have 129 00:07:43,880 --> 00:07:48,480 Speaker 1: acceptance from the House of Representatives, which you know usually 130 00:07:48,480 --> 00:07:51,240 Speaker 1: happens on much much smaller bills than that. Do you 131 00:07:51,240 --> 00:07:53,760 Speaker 1: think Pelosi has her has her ducks in a row? 132 00:07:53,920 --> 00:07:57,000 Speaker 1: I mean, does she know how to navigate this um. 133 00:07:57,120 --> 00:08:00,480 Speaker 1: She has gotten some pushback from both her progressive members 134 00:08:00,520 --> 00:08:03,360 Speaker 1: and her more moderate members and moderates saying we need 135 00:08:03,400 --> 00:08:05,960 Speaker 1: to get this out the door. Communities are hurting Progressive 136 00:08:06,000 --> 00:08:08,400 Speaker 1: saying we shouldn't let this go out if it doesn't 137 00:08:08,400 --> 00:08:11,320 Speaker 1: have protections for workers, if it doesn't have some clean 138 00:08:11,400 --> 00:08:15,000 Speaker 1: energy provisions, and this is priority that they had. It's 139 00:08:15,040 --> 00:08:17,440 Speaker 1: infuriating and Edgerton, keep up the great work. Thanks for 140 00:08:17,480 --> 00:08:19,520 Speaker 1: making time for me today. That's Anna Edgerton, a good 141 00:08:19,520 --> 00:08:22,840 Speaker 1: friend of mine. And of course Bloomberg Politics Editor. Coming up, 142 00:08:22,920 --> 00:08:26,720 Speaker 1: we check in with a member of Congress, Congressman Andy Leavin. 143 00:08:26,760 --> 00:08:45,599 Speaker 1: I'm Kevin SURRELLI you're listening to Bloomberg. This is Bloomberg 144 00:08:45,760 --> 00:08:50,400 Speaker 1: Sound On with Kevin Surreley on Bloomberg and one All 145 00:08:50,520 --> 00:08:54,920 Speaker 1: five point seven f M h D two. I'm Kevin Surrey, 146 00:08:55,480 --> 00:08:59,880 Speaker 1: Chief Washington correspondent. Form. Bloomberg Television and Bloomberg Radio were 147 00:09:00,040 --> 00:09:05,160 Speaker 1: awaiting the start of President Trump's Coronavirus task uh Task 148 00:09:05,240 --> 00:09:07,839 Speaker 1: Force Press Briefing, the Daily Press Briefing. It's scheduled to 149 00:09:07,880 --> 00:09:10,600 Speaker 1: start at five thirty PM. But you know how these 150 00:09:10,600 --> 00:09:13,000 Speaker 1: things go. They've been starting late. They've been starting late. 151 00:09:13,000 --> 00:09:15,640 Speaker 1: The President, for his part, he had a Fox News 152 00:09:15,720 --> 00:09:21,600 Speaker 1: town hall earlier today in which he continuously talks about reopening, 153 00:09:22,280 --> 00:09:28,160 Speaker 1: reopening America. He predicted Eastern ceremonies, Easter celebrations to be packed. 154 00:09:28,280 --> 00:09:31,160 Speaker 1: That goes against folks, what the experts are saying down 155 00:09:31,200 --> 00:09:34,160 Speaker 1: in the field. Uh, you know, it goes against what 156 00:09:34,200 --> 00:09:37,480 Speaker 1: medical professionals. Dr Fauci has been saying. But there's now 157 00:09:37,520 --> 00:09:41,240 Speaker 1: there's open debate about when America we'll go back to 158 00:09:41,360 --> 00:09:46,679 Speaker 1: work after the fifteen day quarantine. Next week and state 159 00:09:46,800 --> 00:09:48,880 Speaker 1: schools shut down for the rest of the year in 160 00:09:48,920 --> 00:09:53,040 Speaker 1: the DMV region. Mayor Bowser, who's been doing a great 161 00:09:53,120 --> 00:09:55,800 Speaker 1: job along with Governor Hogan of Maryland, a Democrat and 162 00:09:55,840 --> 00:09:59,640 Speaker 1: Republican respectively, really on the same page on that. But 163 00:10:00,040 --> 00:10:05,439 Speaker 1: all week long, we're going to be UH. All week long, 164 00:10:05,480 --> 00:10:08,120 Speaker 1: we're going to be going around the world to see 165 00:10:08,120 --> 00:10:11,680 Speaker 1: how other countries are handling this. And just bear with 166 00:10:11,720 --> 00:10:13,520 Speaker 1: me while I scroll up on my notes here. I'm 167 00:10:13,520 --> 00:10:15,120 Speaker 1: working from home to just like the rest of you. 168 00:10:15,679 --> 00:10:20,560 Speaker 1: And joining me on the telephone line now is UH 169 00:10:21,000 --> 00:10:26,040 Speaker 1: is Dr she Chen and Dr she Chen is an 170 00:10:26,080 --> 00:10:30,080 Speaker 1: assistant professor of health policy and economics at the Yale 171 00:10:30,120 --> 00:10:34,480 Speaker 1: School of Public Health. Professor, thank you so much for 172 00:10:34,640 --> 00:10:38,160 Speaker 1: joining us. So we just talked to of course, and 173 00:10:38,200 --> 00:10:40,120 Speaker 1: I want to focus on on China and how the 174 00:10:40,200 --> 00:10:44,320 Speaker 1: Chinese have handled this. Where are you joining us from, Professor, Yeah, 175 00:10:44,320 --> 00:10:48,720 Speaker 1: I'm joining my from my home in Connecticut, New Haven. So, 176 00:10:48,720 --> 00:10:51,640 Speaker 1: so as you look at how Connecticut has handled this 177 00:10:51,840 --> 00:10:55,640 Speaker 1: and how Beijing has handled this, talk to me about 178 00:10:56,000 --> 00:11:01,480 Speaker 1: the differences. Yes, so far, I think uh, Connecticut is 179 00:11:01,800 --> 00:11:06,160 Speaker 1: relatively in a better situation. Compelled to the Metropolitan cities 180 00:11:06,200 --> 00:11:11,480 Speaker 1: like New York City, but gradually the hospital systems are 181 00:11:11,679 --> 00:11:17,520 Speaker 1: crowded with patients. But Yale already tend the geams to 182 00:11:17,920 --> 00:11:22,120 Speaker 1: the UH we called the makeshift the hospitals to prepare 183 00:11:22,240 --> 00:11:26,040 Speaker 1: for the worst case when UM patients are flooding into 184 00:11:26,080 --> 00:11:31,240 Speaker 1: the health system, it's very important to UH have the 185 00:11:31,280 --> 00:11:36,359 Speaker 1: centralized treatment and isolation strategies. That means, given the overcrowded 186 00:11:36,480 --> 00:11:41,040 Speaker 1: health facilities, we should prioritize those with severe conditions to 187 00:11:41,120 --> 00:11:43,959 Speaker 1: be treated in the hospital system, but at the same time, 188 00:11:44,120 --> 00:11:49,400 Speaker 1: we can isolate those confirmed patients to be at makeshift 189 00:11:49,440 --> 00:11:53,200 Speaker 1: the hospitals or the health facilities. So I think Yale 190 00:11:53,440 --> 00:11:56,720 Speaker 1: is preparing for that. And not only Yale, but some 191 00:11:56,800 --> 00:12:01,959 Speaker 1: other universities the researching in situations have being like the 192 00:12:02,080 --> 00:12:08,559 Speaker 1: coworking their facilities into the makeshift house facilities. Now, doctor, 193 00:12:08,600 --> 00:12:12,000 Speaker 1: you're a Chinese American doctor UM, and you have studied 194 00:12:12,040 --> 00:12:14,839 Speaker 1: the coronavirus and so you know, Look, I mean there's 195 00:12:14,840 --> 00:12:16,440 Speaker 1: a lot of people who are frustrated and want to know, 196 00:12:16,520 --> 00:12:18,640 Speaker 1: why did this get out of Wuhan. I mean, why 197 00:12:18,800 --> 00:12:21,600 Speaker 1: wasn't this control out of Wuhan? I mean, and and 198 00:12:21,640 --> 00:12:27,440 Speaker 1: they don't mean it's it's incredibly difficult and and quite 199 00:12:27,480 --> 00:12:34,880 Speaker 1: frankly angering to have the nation economy shut down, crippling, 200 00:12:35,320 --> 00:12:43,400 Speaker 1: crippling because of how Beijing didn't release data allegedly out 201 00:12:43,400 --> 00:12:47,160 Speaker 1: of Wuhan, and people are dying, and and the effect 202 00:12:47,160 --> 00:12:49,360 Speaker 1: that this has had, it is, it is, it is. 203 00:12:49,480 --> 00:12:52,040 Speaker 1: It's hard to comprehend. So how did this even happen 204 00:12:52,080 --> 00:12:54,240 Speaker 1: out of Ruhan? Everyone keeps saying they did a great job, 205 00:12:54,240 --> 00:12:56,240 Speaker 1: and they did a great job. It wouldn't have gotten 206 00:12:56,240 --> 00:12:59,880 Speaker 1: out of Wuhan. Yeah, I think there's no doubt that 207 00:13:00,040 --> 00:13:03,160 Speaker 1: at the beginning there was covered up, especially as a 208 00:13:03,200 --> 00:13:07,079 Speaker 1: local government. I got interrupted. They're saying, doctor, doctor, you're 209 00:13:07,120 --> 00:13:10,520 Speaker 1: saying you're a Yale doctor. You're saying, quote, there was 210 00:13:10,559 --> 00:13:13,839 Speaker 1: no doubt there was a cover up end quote. How 211 00:13:13,880 --> 00:13:17,520 Speaker 1: how then does America respond that, Yeah, but I would 212 00:13:17,520 --> 00:13:20,240 Speaker 1: just say that this is an unknown virus, so it 213 00:13:20,240 --> 00:13:23,280 Speaker 1: would really take time for people to realize this is 214 00:13:23,320 --> 00:13:25,880 Speaker 1: a threat to the society. So that's why I think 215 00:13:25,960 --> 00:13:29,400 Speaker 1: part of the reason they had delayed much delayed, because 216 00:13:29,440 --> 00:13:32,880 Speaker 1: they were not able to judge from a few favorite 217 00:13:33,000 --> 00:13:35,720 Speaker 1: cases to say that this is a threat or new 218 00:13:35,720 --> 00:13:39,080 Speaker 1: walrus to the outside. I think things don't have after 219 00:13:39,280 --> 00:13:42,000 Speaker 1: after this cover up, I think they realized this is 220 00:13:42,040 --> 00:13:46,679 Speaker 1: the more and more emergent cases and the change the 221 00:13:46,800 --> 00:13:50,040 Speaker 1: strategies they released the passage and the genetic sequence to 222 00:13:50,080 --> 00:13:52,800 Speaker 1: the outside world. I think that really have to think, 223 00:13:52,880 --> 00:13:56,080 Speaker 1: but lots of knives, especially for the international community to 224 00:13:56,200 --> 00:13:59,800 Speaker 1: develop a tast the kids as a result. But see this, 225 00:14:00,280 --> 00:14:03,160 Speaker 1: there was to definitely come wrongdoings at the beginning, but 226 00:14:03,280 --> 00:14:06,560 Speaker 1: the correctly to that. Give me the dr chan. I 227 00:14:06,559 --> 00:14:09,000 Speaker 1: gotta interrupt you. I gotta interrupt you because this is 228 00:14:09,080 --> 00:14:11,520 Speaker 1: just this is just what I and I was respectful 229 00:14:11,520 --> 00:14:13,600 Speaker 1: with the Ambremer, our friend, the Ambremer of the Eurasia 230 00:14:13,600 --> 00:14:17,360 Speaker 1: Group yesterday, but this is just what I can't understand. 231 00:14:17,559 --> 00:14:19,560 Speaker 1: I'm on the phone with people back in Delaware County, 232 00:14:19,600 --> 00:14:22,280 Speaker 1: Pennsylvania who are afraid they're gonna lose their job. I'm 233 00:14:22,320 --> 00:14:24,440 Speaker 1: on the and you know what, I'm not special, and 234 00:14:24,480 --> 00:14:27,240 Speaker 1: people all over the country are feeling this way. And 235 00:14:27,280 --> 00:14:31,400 Speaker 1: because Ruhan decided to cover up data and General Secretary 236 00:14:31,480 --> 00:14:34,520 Speaker 1: Shi Jing King of the Communist Party of China decided 237 00:14:34,560 --> 00:14:37,840 Speaker 1: to not do data and oh they're bad. They're bad 238 00:14:37,880 --> 00:14:40,280 Speaker 1: that they didn't know how bad the coronavirus was gonna 239 00:14:40,320 --> 00:14:42,720 Speaker 1: be I mean, are you think that there's gonna be 240 00:14:42,800 --> 00:14:46,720 Speaker 1: sanctions placed on China as a result of this? I 241 00:14:46,720 --> 00:14:49,920 Speaker 1: think it's so far we do not have much result 242 00:14:50,000 --> 00:14:52,400 Speaker 1: it and the energy and now to go back to 243 00:14:52,520 --> 00:14:55,320 Speaker 1: say who is the major guys to be blamed, But 244 00:14:55,400 --> 00:14:58,400 Speaker 1: I think it definitely when we go back and to 245 00:14:59,200 --> 00:15:03,920 Speaker 1: UH to have to improve our emergency response. In the future, 246 00:15:03,920 --> 00:15:06,840 Speaker 1: many things need to be improved, but at the current moment, 247 00:15:06,960 --> 00:15:09,720 Speaker 1: I think what's really urgent to be done is to 248 00:15:10,680 --> 00:15:15,880 Speaker 1: have the national quarantine, especially as the major UH met 249 00:15:16,440 --> 00:15:21,000 Speaker 1: metropolitan cities in America, because if we overlay the trajectory 250 00:15:21,120 --> 00:15:25,480 Speaker 1: of infections in Wuhan and what happened now in New 251 00:15:25,560 --> 00:15:28,360 Speaker 1: York City, we will saying they are very much matching 252 00:15:28,400 --> 00:15:31,360 Speaker 1: each other. But the situation in New York City is 253 00:15:31,400 --> 00:15:35,000 Speaker 1: even worse than in Wuhan. When Wuhan was closing the 254 00:15:35,040 --> 00:15:38,680 Speaker 1: door from outside, there was no as many cases as 255 00:15:38,760 --> 00:15:41,680 Speaker 1: New York City did, and there was a shutdown of 256 00:15:41,760 --> 00:15:44,200 Speaker 1: all the traffics and the economy. But now in New 257 00:15:44,280 --> 00:15:46,600 Speaker 1: York City we're not able to do so. So I 258 00:15:46,640 --> 00:15:50,440 Speaker 1: think this is very urgent. The sooner we can do 259 00:15:50,480 --> 00:15:53,400 Speaker 1: this to protect the lives of the American people. I 260 00:15:53,440 --> 00:15:58,200 Speaker 1: think that the sula we will be recovered from the doctor. 261 00:15:58,240 --> 00:15:59,680 Speaker 1: I want to be respected of your time. We got 262 00:15:59,720 --> 00:16:01,480 Speaker 1: thirty seconds left, and I want to get this question in. 263 00:16:01,840 --> 00:16:05,120 Speaker 1: Was every city in mainland China shut down for the 264 00:16:05,160 --> 00:16:09,120 Speaker 1: same amount of time? Okay, that's important, folks, that's important. 265 00:16:09,200 --> 00:16:12,280 Speaker 1: All right, Dr Chan come back on, come back on 266 00:16:12,320 --> 00:16:15,320 Speaker 1: this later this week. I I very much appreciate your time. 267 00:16:15,560 --> 00:16:18,560 Speaker 1: That's Dr she Chen. He's a PhD. He's the assistant 268 00:16:18,600 --> 00:16:22,600 Speaker 1: professor of public health at Yale. UH. He's studied the coronavirus. 269 00:16:22,600 --> 00:16:25,320 Speaker 1: He knows all about it. Thank you, sir for for 270 00:16:25,360 --> 00:16:27,760 Speaker 1: coming on. Coming up next me checking with Congressman Andy Levin. 271 00:16:27,960 --> 00:16:44,280 Speaker 1: I'm Kevin Cirelli. You're listening to Bloomberg. You're listening to Bloomberg. 272 00:16:44,400 --> 00:16:48,440 Speaker 1: Sound On with Kevin currel on Bloomberg and one oh 273 00:16:48,560 --> 00:16:52,240 Speaker 1: five point seven f M h D two. I'm Kevin Cereli, 274 00:16:52,360 --> 00:16:55,920 Speaker 1: Chief Washington correspondent from Bloomberg Television and Bloomberg Radio. President 275 00:16:55,960 --> 00:17:00,640 Speaker 1: Trump's job approval rating is up so fort pent this 276 00:17:00,760 --> 00:17:03,400 Speaker 1: according to a new gallop hole to see this just 277 00:17:03,520 --> 00:17:07,439 Speaker 1: popped literally minutes ago. President Donald Trump maybe enjoying a 278 00:17:07,480 --> 00:17:10,840 Speaker 1: small rally in public support as the nation faces the 279 00:17:10,880 --> 00:17:16,399 Speaker 1: COVID nineteen pandemic, the highest of his presidency. Joining me 280 00:17:16,440 --> 00:17:20,560 Speaker 1: on the line as Congressman Andy Levin. He represents Michigan's 281 00:17:20,680 --> 00:17:26,280 Speaker 1: ninth congressional district. He's a Democrat from the northern suburbs 282 00:17:26,400 --> 00:17:30,320 Speaker 1: northern and northeastern burbs of Detroit. Congressman, thanks for being here. 283 00:17:30,320 --> 00:17:35,399 Speaker 1: I gotta be honest with you. I'm frustrated. I'm frustrated, Congressman. 284 00:17:35,920 --> 00:17:42,600 Speaker 1: Why why hasn't this bill been passed? Well, good afternoon, Kevin. 285 00:17:42,640 --> 00:17:47,320 Speaker 1: I'm frustrated too. We've been over in the House. We've 286 00:17:47,359 --> 00:17:52,800 Speaker 1: put in thousands of hours literally of of member time 287 00:17:52,840 --> 00:17:57,880 Speaker 1: and especially staff time putting together the very best bill 288 00:17:57,960 --> 00:18:02,520 Speaker 1: we can think of to uh deal with this disastrous 289 00:18:02,560 --> 00:18:08,000 Speaker 1: economic consequences UM that that are coming along with this UM. 290 00:18:08,080 --> 00:18:11,040 Speaker 1: This health crisis is public health crisis. It's the biggest 291 00:18:11,080 --> 00:18:14,800 Speaker 1: public health crisis in a hundred years, and we need 292 00:18:15,040 --> 00:18:19,800 Speaker 1: something that actually helps the American people in the best way. 293 00:18:19,920 --> 00:18:24,240 Speaker 1: So we're pushing for that, and there the negotiations continue. 294 00:18:24,320 --> 00:18:26,200 Speaker 1: I don't really know more than you do about when 295 00:18:26,200 --> 00:18:28,879 Speaker 1: they'll wrap up. But I certainly hope it soon. Well 296 00:18:29,640 --> 00:18:32,360 Speaker 1: all right, so so no timeline. No, I mean Anna 297 00:18:32,480 --> 00:18:35,440 Speaker 1: Edgerton are Bloomberg Politics editor. She was saying maybe midweek 298 00:18:35,560 --> 00:18:38,320 Speaker 1: or unanimous consent type of vote. Are you hearing that 299 00:18:38,359 --> 00:18:41,480 Speaker 1: from Speaker Pelosi's office that there could be a unanimous consent, 300 00:18:41,720 --> 00:18:43,800 Speaker 1: which is a procedure that would speed this up and 301 00:18:44,160 --> 00:18:48,080 Speaker 1: provide some assurance here? Yes, I mean that that would 302 00:18:48,080 --> 00:18:51,480 Speaker 1: be a goal. But you tell me, uh, four five 303 00:18:51,560 --> 00:18:56,120 Speaker 1: members of the House of Representatives, two trillion dollars. I mean, 304 00:18:56,400 --> 00:18:59,720 Speaker 1: we sometimes have trouble getting unanimous consent when there's fifty 305 00:18:59,720 --> 00:19:03,840 Speaker 1: bucks on the line. But it's a goal to get 306 00:19:03,920 --> 00:19:08,320 Speaker 1: unanimous consent. But um, I'm not sure. You know, we'll see. 307 00:19:08,600 --> 00:19:11,000 Speaker 1: We all have to see what's in it. Um, is 308 00:19:11,040 --> 00:19:13,879 Speaker 1: that frustrating this consent we'll come in and vote on. 309 00:19:14,080 --> 00:19:16,600 Speaker 1: Does that frustrate you? I mean, I grew up in 310 00:19:16,600 --> 00:19:19,720 Speaker 1: a district similar to yours, from suburban Philadelphia, and and 311 00:19:20,040 --> 00:19:22,359 Speaker 1: you know this. This is beyond just restaurants. This is 312 00:19:22,400 --> 00:19:25,120 Speaker 1: beyond just kids staying home from school. People are having 313 00:19:25,160 --> 00:19:29,760 Speaker 1: to make decisions tonight tomorrow about whether to lay people off. 314 00:19:30,000 --> 00:19:33,840 Speaker 1: And I know you know this, and they are, So 315 00:19:33,880 --> 00:19:36,760 Speaker 1: it doesn't that make you the biggest Michigan has the 316 00:19:36,760 --> 00:19:41,560 Speaker 1: biggest jump in unemployment claims in modern history. And you know, 317 00:19:41,680 --> 00:19:44,200 Speaker 1: day by day this is there's no question about what's 318 00:19:44,240 --> 00:19:48,800 Speaker 1: going on, Kevin. But the you know, the question is 319 00:19:48,840 --> 00:19:50,800 Speaker 1: who are we going to help? Are we going to 320 00:19:50,920 --> 00:19:54,199 Speaker 1: help the workers? So let's talk about layoffs. Are we 321 00:19:54,240 --> 00:19:56,720 Speaker 1: going to help the economy is a little bit different 322 00:19:56,720 --> 00:20:00,119 Speaker 1: than it was under the tailor's manufacturing economy when our 323 00:20:00,680 --> 00:20:04,639 Speaker 1: social security you know, and especially our unemployment and compos 324 00:20:04,680 --> 00:20:07,040 Speaker 1: system came into effect. Are we going to help people 325 00:20:07,080 --> 00:20:09,600 Speaker 1: who work multiple part time jobs, may not have enough 326 00:20:09,600 --> 00:20:12,159 Speaker 1: hours to qualify for unemployment? Are we going to help 327 00:20:12,200 --> 00:20:15,280 Speaker 1: people in the gig economy? That's what the Democrats in 328 00:20:15,320 --> 00:20:17,199 Speaker 1: the House are fighting for. And we want to make 329 00:20:17,240 --> 00:20:19,680 Speaker 1: sure we're not just going to bail out the big 330 00:20:19,720 --> 00:20:23,320 Speaker 1: airlines and the big banks and the big you know companies. 331 00:20:23,400 --> 00:20:27,359 Speaker 1: We want to actually get money to the working people 332 00:20:27,400 --> 00:20:30,440 Speaker 1: who are suffering, and we're determined to do it. We're 333 00:20:30,440 --> 00:20:35,239 Speaker 1: going to do it local governments, nonprofits. Um. We like 334 00:20:35,320 --> 00:20:38,600 Speaker 1: one of our big pushes is we insist that there 335 00:20:38,680 --> 00:20:43,160 Speaker 1: be actual grants for small businesses, not just loans. Well, 336 00:20:43,200 --> 00:20:46,960 Speaker 1: you know, we want more money for people, UH that 337 00:20:47,040 --> 00:20:49,439 Speaker 1: we have increased the dollar amount that's going to go 338 00:20:49,480 --> 00:20:53,680 Speaker 1: into people's pockets. UH immediately from this Congressman Andy Levins 339 00:20:53,680 --> 00:20:55,760 Speaker 1: on the line is a Democrat from from Michigan. Let's 340 00:20:55,760 --> 00:20:59,480 Speaker 1: dive into the weeds here because so much of the 341 00:20:59,480 --> 00:21:02,119 Speaker 1: mainstream press is just reporting on the dollar amount of 342 00:21:02,160 --> 00:21:05,600 Speaker 1: what goes to UH to to and and folks, the 343 00:21:05,640 --> 00:21:08,159 Speaker 1: check that will go out the helicopter cash. If you 344 00:21:08,200 --> 00:21:10,880 Speaker 1: are a business owner, or you are a business leader, 345 00:21:10,960 --> 00:21:14,080 Speaker 1: or you work in the sea level UH or an 346 00:21:14,080 --> 00:21:17,919 Speaker 1: executive and a decision maker, as a decision maker, where 347 00:21:17,960 --> 00:21:22,160 Speaker 1: can you go to get information once this bill passes 348 00:21:22,280 --> 00:21:27,680 Speaker 1: midweek hopefully tonight, where can you go to get information 349 00:21:28,119 --> 00:21:32,000 Speaker 1: on how to get that low interest loan or how 350 00:21:32,080 --> 00:21:35,399 Speaker 1: to get that grant? Who do you call? Who is 351 00:21:35,400 --> 00:21:40,040 Speaker 1: your first call? Well, the it depends on your situation. 352 00:21:40,080 --> 00:21:43,440 Speaker 1: I mean, the small business we were already helping just say, 353 00:21:43,520 --> 00:21:46,600 Speaker 1: take my district in the suburbs of Detroit. We're already 354 00:21:46,640 --> 00:21:51,000 Speaker 1: helping hundreds of small businesses get in process with a 355 00:21:51,040 --> 00:21:54,359 Speaker 1: small business administration. And I think the small Business Administration 356 00:21:55,080 --> 00:21:59,160 Speaker 1: is working hard behind the scenes to greatly augment their 357 00:21:59,200 --> 00:22:04,959 Speaker 1: capacity to process claims in a creative way that may 358 00:22:05,000 --> 00:22:08,560 Speaker 1: surprise you that I think they'll announce. So there were 359 00:22:08,560 --> 00:22:12,880 Speaker 1: but we're already helping people get in que We already 360 00:22:12,920 --> 00:22:18,399 Speaker 1: passed significant legislation for small businesses. The details for the 361 00:22:18,560 --> 00:22:21,480 Speaker 1: for the bigger companies, you know, those details are still 362 00:22:21,520 --> 00:22:23,520 Speaker 1: being worked out. So I don't know the answer to that, 363 00:22:23,680 --> 00:22:26,159 Speaker 1: just but the Small Business Administration. If you're if you 364 00:22:26,160 --> 00:22:28,960 Speaker 1: own a company or you have a small business, get 365 00:22:28,960 --> 00:22:32,640 Speaker 1: in touch with your local elected official and get connected 366 00:22:32,680 --> 00:22:36,440 Speaker 1: to sp A. That's what I'm hearing, right, Congressman. Yes, absolutely, 367 00:22:36,480 --> 00:22:40,200 Speaker 1: And we have on my website and and we're sending 368 00:22:40,200 --> 00:22:44,280 Speaker 1: out to people, uh the way to um you know, 369 00:22:44,320 --> 00:22:47,320 Speaker 1: start applying now. I mean people, look, your restaurants shut down, 370 00:22:47,440 --> 00:22:50,639 Speaker 1: your hotel shutdown, whatever your situation is. I mean, you 371 00:22:50,680 --> 00:22:54,520 Speaker 1: need help right now. Yesterday, you need help right now. 372 00:22:54,680 --> 00:22:59,000 Speaker 1: And you know, in our region, the auto companies shut down, 373 00:22:59,119 --> 00:23:01,000 Speaker 1: and you know what, they need it too. I mean 374 00:23:01,400 --> 00:23:05,480 Speaker 1: some people were actually attracting the virus more than one 375 00:23:05,560 --> 00:23:09,280 Speaker 1: person in the facilities, you know, so they needed to 376 00:23:09,280 --> 00:23:11,879 Speaker 1: do that. Well, then all the suppliers go down. And 377 00:23:11,920 --> 00:23:14,840 Speaker 1: now with the shutdown orders that car dealerships, you know. 378 00:23:14,920 --> 00:23:20,440 Speaker 1: So it's millions of people have have lost their jobs already. 379 00:23:20,480 --> 00:23:23,520 Speaker 1: I mean, you know, it's a it's a it's an 380 00:23:23,640 --> 00:23:26,440 Speaker 1: unprecedented crisis and one of the things that I've been 381 00:23:26,440 --> 00:23:29,320 Speaker 1: pushing the hardest on. And there was a little progress 382 00:23:29,359 --> 00:23:33,680 Speaker 1: today whereas for the President actually to use the Defense 383 00:23:33,720 --> 00:23:40,840 Speaker 1: Production Act two work with industry to mass produce immediately 384 00:23:41,760 --> 00:23:45,280 Speaker 1: all the materials we need to deal with this crisis, 385 00:23:45,359 --> 00:23:48,560 Speaker 1: which is everything about testing. We need to be once 386 00:23:48,640 --> 00:23:52,720 Speaker 1: this first huge wave comes through, We've got to be 387 00:23:52,880 --> 00:23:56,800 Speaker 1: up and running with mass testing so that we don't 388 00:23:56,880 --> 00:24:01,040 Speaker 1: have to shut down again, you know, because we don't 389 00:24:01,040 --> 00:24:06,800 Speaker 1: know who's who's getting infected. We need ventilators, we need 390 00:24:07,280 --> 00:24:12,639 Speaker 1: um mass and gowns, all these things. Uh. And we 391 00:24:12,720 --> 00:24:15,240 Speaker 1: have companies that can jump in. So great if three 392 00:24:15,440 --> 00:24:19,640 Speaker 1: M can make you know, some of the masks we need. 393 00:24:20,320 --> 00:24:22,920 Speaker 1: Let's get other companies in there to supplement. The President 394 00:24:22,960 --> 00:24:26,840 Speaker 1: can give them a contract, a guaranteed contract, and require 395 00:24:26,880 --> 00:24:31,760 Speaker 1: them to take it. It's guaranteed money, it's patriotic, it's 396 00:24:31,800 --> 00:24:35,160 Speaker 1: great pr and you're keeping your people working. I mean, 397 00:24:35,200 --> 00:24:39,200 Speaker 1: so we need to we need to fully use the 398 00:24:39,320 --> 00:24:42,720 Speaker 1: powers of the Defense Production Act. And this is as 399 00:24:42,760 --> 00:24:45,440 Speaker 1: patriotic as it gets. I mean, we're talking about how 400 00:24:45,480 --> 00:24:48,520 Speaker 1: we built the arsenal of democracy that every school child 401 00:24:48,720 --> 00:24:52,520 Speaker 1: learns about, you know, during World War Two. And I 402 00:24:53,040 --> 00:24:56,119 Speaker 1: are some local pride about that around here, because you know, 403 00:24:56,160 --> 00:24:58,840 Speaker 1: we stopped making cars and we started making bombers and 404 00:24:58,920 --> 00:25:02,080 Speaker 1: tanks and democracy. And now you guys are I'm hearing 405 00:25:02,080 --> 00:25:04,440 Speaker 1: a lot of the supply chains are making ventilators and 406 00:25:04,640 --> 00:25:08,119 Speaker 1: they're reworking the supply chain. We heard about that yesterday. Congressman. 407 00:25:08,280 --> 00:25:09,879 Speaker 1: I want to ask you about this because prior to 408 00:25:09,920 --> 00:25:12,960 Speaker 1: being elected in office, you worked on human rights, uh 409 00:25:13,000 --> 00:25:16,680 Speaker 1: and you investigated human rights abuses in China, and and 410 00:25:18,119 --> 00:25:21,960 Speaker 1: you know, I'm frustrated, and I everyone keeps saying in 411 00:25:22,000 --> 00:25:24,200 Speaker 1: the news, Oh, the Chinese, it's such a good job 412 00:25:24,200 --> 00:25:26,280 Speaker 1: of controlling this. They were better than anyone. Well then, 413 00:25:26,320 --> 00:25:28,600 Speaker 1: how did it get out of Wuhan? How did it 414 00:25:28,680 --> 00:25:31,960 Speaker 1: get out of Wuhan? Congressman, We got a minute left. No, well, 415 00:25:31,960 --> 00:25:40,320 Speaker 1: the Chinese weren't great. You know it again, Singapore and Taiwan. 416 00:25:40,359 --> 00:25:44,359 Speaker 1: There were other countries nearby that did an even better job. 417 00:25:45,240 --> 00:25:47,920 Speaker 1: But you know what, China is good at his central 418 00:25:48,000 --> 00:25:52,680 Speaker 1: control and so ultimately they shut everything down. But look 419 00:25:53,080 --> 00:25:55,960 Speaker 1: that they were very slow on the uptake on this, 420 00:25:56,359 --> 00:25:59,200 Speaker 1: as was the United States and the whole you know, 421 00:25:59,359 --> 00:26:02,399 Speaker 1: the whole world. This paying for that, and we're paying 422 00:26:02,440 --> 00:26:06,160 Speaker 1: here with for how slow we were to deal with 423 00:26:06,200 --> 00:26:09,359 Speaker 1: this sanctions we got forty five seconds aft. Do you 424 00:26:09,359 --> 00:26:13,080 Speaker 1: think sanctions against China? Is that where this is all headed? No? 425 00:26:13,200 --> 00:26:16,960 Speaker 1: I don't know because of a public health crisis. No, 426 00:26:17,240 --> 00:26:20,040 Speaker 1: I don't think a public health crisis that's shut down 427 00:26:20,119 --> 00:26:23,840 Speaker 1: the whole global economy. I mean, I don't know if 428 00:26:23,880 --> 00:26:26,040 Speaker 1: you want to if you want to go there, Kevin, 429 00:26:26,960 --> 00:26:32,000 Speaker 1: the this administration in Washington frittered away two precious planning 430 00:26:32,040 --> 00:26:35,280 Speaker 1: months when we should testing. So what are you gonna 431 00:26:35,359 --> 00:26:38,200 Speaker 1: put sanctions on them? I mean it sounds great on 432 00:26:38,400 --> 00:26:41,920 Speaker 1: you know, sounds on radio, but or TV or whatever 433 00:26:41,920 --> 00:26:45,000 Speaker 1: we're doing here. I think we gotta everybody's kind of 434 00:26:45,000 --> 00:26:47,320 Speaker 1: got up and get this stuff going