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Speaker 1: From our nation's camera. This budget thing is going to

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Speaker 1: do nothing. Space forts. I still think it's interesting President

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Speaker 1: Trump not playing his cards yet. Headlines Policy and politics

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Speaker 1: colliding Floomberg Sound On, the Insiders, the influencers, the insides.

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: my DNA. The Senate map in looks a lot different

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Speaker 1: than it looked in. President Trump was sent here to

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Speaker 1: smash conventional norms. In a sense, Bernie Sanders has already washed.

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Speaker 1: This is Bloomberg Sound On with Kevin Surley on Bloomberg

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Speaker 1: one point seven m h D two. The coronavirus infects

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Speaker 1: the market, stocks falling the most since August two thousand eleven.

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Speaker 1: On virus banks. We have the latest. We're gonna check

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Speaker 1: in with Bloomberg's top macro economic strategist, Cameron Christ who

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Speaker 1: will join us the top of the show on the phone.

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Speaker 1: Plus the latest on the race to come back brewing

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Speaker 1: for former Vice President Joe Biden, potentially on the on

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Speaker 1: the cut of a victory in South Carolina. Will get

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Speaker 1: the latest on the field as well, and the latest

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Speaker 1: from Vice President Mike Pence, who addressed conservatives today. Now

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Speaker 1: he is the point person on the Corona virus lots

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Speaker 1: to get through. It's why I'm so glad Frank Massana

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Speaker 1: will join us. He is a partner at Bracewell's Policy

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Speaker 1: Resolution Group, the former press secretary to several Republican lawmakers

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Speaker 1: on Capitol Hill. And Dave Brown returns, Democratic strategist and

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Speaker 1: former advisor to Democratic Senator Patty Murray. I'm back in Washington,

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Speaker 1: d C. I'm Kevin Sirilli, Chief Washington Correspondent FRO Bloomberg

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Speaker 1: Television and Radio. We begin tonight now with our lead story,

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Speaker 1: that of course, is the coronavirus. And first we're gonna

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Speaker 1: check in with Cameron christ who is Bloomberg macro strategist

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Speaker 1: who joins us on the telephone. Cameron, the stock market

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Speaker 1: fell the most since August two thousand eleven, and it's

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Speaker 1: all because of the volatility injected as a result of

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Speaker 1: the Corona virus. It's just reading now from the Bloomberg

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Speaker 1: terminal and our colleagues on the Markets team. They write quote,

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Speaker 1: global stocks plunged to four month lows, government debt yields

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Speaker 1: sunk to unprecedented levels, and crude oil extended declines as

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Speaker 1: anxiety over the spread of the coronavirus defen The SMP

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Speaker 1: five hundred tumbled four point four to close at the

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Speaker 1: lowest levels of the day. It whips alved investors earlier,

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Speaker 1: turning lower late after California's governor said that the state

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Speaker 1: was monitoring eight thousand, four hundred people for signs of

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Speaker 1: the virus after they traveled to Asia. Wow, that's of

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Speaker 1: course from Gavin Newsom. So Cameron. First of all, thanks

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Speaker 1: for being here. I want to play a little bit

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Speaker 1: of that press conference that President Trump gave yesterday at

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Speaker 1: the White House, only the second time in his first

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Speaker 1: term that he's addressed the nation and reporters from inside

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Speaker 1: of the briefing room. Take a listen to what President

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Speaker 1: Trump said. Here's the President of the United States. The

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Speaker 1: economy is very strong, and the consumer is the strongest

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Speaker 1: it's ever been. Our consumers are incredible there in incredible.

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Speaker 1: That's why we're doing well. In other countries have not

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Speaker 1: even before the virus. We're doing great. Other countries have

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Speaker 1: not been doing great. Our consumers very very strong, very

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Speaker 1: powerful economically. Big picture, Cameron, our recession fears back as

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Speaker 1: a result of the volatility in the markets due to

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Speaker 1: the coronavirus UM. I would say they're back not because

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Speaker 1: of the volatility, but they're back for the same reasons

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Speaker 1: that we're observing the volatility, which is that the virus

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Speaker 1: is injecting a colossal amount of uncertainty UM into into

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Speaker 1: the economy UM. And it's we know it's going to

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Speaker 1: have an impact, and it certainly looks as if the

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Speaker 1: impact could be UM significant. But the the sort of

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Speaker 1: a confidence band as to what it ultimately will mean

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Speaker 1: is very very wide, because we just don't know how

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Speaker 1: bad this thing is is gonna is gonna get. And

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Speaker 1: I mean the irony is that is that you could

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Speaker 1: are you that the measures that you would need to

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Speaker 1: take to minimize the human cost of the virus will

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Speaker 1: exacerbate potentially the economic cost. Look at what China has

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Speaker 1: been doing in terms of locking down vast ways of

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Speaker 1: the country for for weeks on thoughts. So, I mean,

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Speaker 1: I know that's opinion, but what a depressing thought To

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Speaker 1: protect people, it's going to cost a lot of money

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Speaker 1: and the stock market could go into the economy. Yeah, yeah,

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Speaker 1: I mean, you know it is what it is. I

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Speaker 1: mean that this is this is the sort of shock

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Speaker 1: um that we that no one currently uh trading in

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Speaker 1: financial markets. Has um has really been been a witness

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Speaker 1: to I mean, we had the closest I guess you

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Speaker 1: could say would be would be nine eleven, which again

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Speaker 1: was a terrible uh exogenous shock that costs thousands of

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Speaker 1: thousands of lives. But the potential scale of this thing

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Speaker 1: is is much much larger. Um, Right, let me ask

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Speaker 1: a follow up question, dig deeper with me, And this

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Speaker 1: is why camera christ is the best of what he does.

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Speaker 1: He's a macro strategist at Bloomberg LP. Camera dig deeper here,

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Speaker 1: Which specific sectors in the markets are the most exposed

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Speaker 1: to risk as a result of the coronavirus? Well, it's

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Speaker 1: it's that's actually a tough question, Um to answer, because

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Speaker 1: anyone who's dependent today, who has a supply chain, is

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Speaker 1: dependent upon inputs from China, Well you don't know if

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Speaker 1: you're going to get them. Anyone who is selling stuff

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Speaker 1: that to China, or is selling stuff to somebody who

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Speaker 1: needs things from China, you don't know if you're gonna

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Speaker 1: get it. Microsoft yesterday, Um, you don't think of Microsoft

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Speaker 1: now is as I mean, maybe you think of them

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Speaker 1: as the Windows company. But the reason that Microsoft has

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Speaker 1: done so well is because of the cloud, but they

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Speaker 1: gave a warning based on their consumer bilin. That's because

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Speaker 1: guess what Lenovo isn't isn't building computers like they normally do,

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Speaker 1: and so Microsoft isn't selling Windows packages to to Lenovo

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Speaker 1: like they normally do. I think the real nexus of

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Speaker 1: risk though, is in the credit market, because the US

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Speaker 1: companies are as indebted, more indebted than they ever been

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Speaker 1: UM in history in terms of percentage of GDP UH

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Speaker 1: spreads and yields are exceptionally low UM, So there's a

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Speaker 1: real risk I think of a dislocation in the in

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Speaker 1: the credit market, should anything even in the same zip

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Speaker 1: code of the worst case for the economy eventually. Okay,

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Speaker 1: So best case scenario is that the coronavirus, if you

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Speaker 1: read the medical reports, the best case scenario is that

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Speaker 1: it would essentially the the coronavirus would mitigate its risk

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Speaker 1: once the spring comes and it goes away. The worst

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Speaker 1: scenario I don't need to talk about because everyone can imagine.

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Speaker 1: Everyone's watched enough of these pandemic films to know what

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Speaker 1: the worst case scenario would be. In terms of rhetoric

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Speaker 1: coming from Washington, in terms of rhetoric coming from Beijing.

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Speaker 1: How can Sijing Ping and President Trump alleviate some of

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Speaker 1: the market concerns? Well, I'm not I'm not sure if

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Speaker 1: they can. Uh well, I mean, I mean, let's let's

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Speaker 1: face it, uh I thinking has his concern is kind

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Speaker 1: of keeping the balls in the air, right, And it

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Speaker 1: looks certainly looks as if his um focus has gone

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Speaker 1: a bit more towards restarting the economy. So I guess

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Speaker 1: that's a good thing. But I'm not, to be honest

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Speaker 1: with you, I'm not sure if anybody in the market

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Speaker 1: believes the numbers that are coming out of China. No

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Speaker 1: one does. No one in Washington, Rightington, Capitol Hill. How

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Speaker 1: could yeah? So right? So, uh so what can he

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Speaker 1: you know, what what can he do? He can't. I mean,

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Speaker 1: he's gonna pulled back to the curtain like the Wizard

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Speaker 1: of Oz. I don't think so. Um. And in terms

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Speaker 1: of the president, listen, and we've got like left. Whatever

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Speaker 1: you think of him, you know that his primary goals

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Speaker 1: to get elected, right, to get re elected, So I think, um,

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Speaker 1: everything that he says should be viewed through that. All right, Yeah,

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Speaker 1: we're gonna have to leave it there. Camera Christ. I'm

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Speaker 1: so sorry. You've been so generous with your time. We're

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Speaker 1: up against a heartbreak. Uh, listen, I've greatly valued this

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Speaker 1: because you dig deep into the numbers and listen. You're

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Speaker 1: a Duke Duke guy, and I'm sorry, but Duke's out

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Speaker 1: of the top ten and basketball for the after that

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Speaker 1: loss to to Wake Forest. I don't like coach k

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Speaker 1: I gotta own it. I want everyone to know my bias.

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Speaker 1: I'm not a Duke basketball guy, but I am a

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Speaker 1: Cameron Christ fan. Coming up, we're gonna talk to politics

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Speaker 1: of the coronavirus with their all star panel. My name

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Speaker 1: is Kevin Sirelli. You're listening to Bloomberg. This is Bloomberg's

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Speaker 1: On with Kevin Surley on Bloomberg and one oh five

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Speaker 1: point seven f M H D two. The President wanted

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Speaker 1: to make concluding the American people that we're going to

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Speaker 1: bring a whole of government approach to this. President wanted

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Speaker 1: to make it clear that what a priority this is

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Speaker 1: for him and for our administration. That was Vice President

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Speaker 1: Mike Penn speaking earlier today about the coronavirus. He is

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Speaker 1: now the point person on the coronavirus, which has web

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Speaker 1: solid its way through markets injecting volatility. I gotta be honest.

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Speaker 1: I'm Kevin Severi, Chief Washington corresponded f Bloomberg TV and Radio.

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Speaker 1: I gotta be honest. You know, I'm here in Washington,

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Speaker 1: back from Charleston, and it really is uncomfortable to talk

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Speaker 1: about a virus of this magnitude, of this proportion through

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Speaker 1: the lens of Ball Street traders. But such as life

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Speaker 1: joining us with other political reality check Frank Massano, partner

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Speaker 1: at brace Well's Policy Resolution Group, and Dave Brown, the

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Speaker 1: Democratic strategistic former advisor to Patty Murray. Frank, of course,

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Speaker 1: is a Republican insider and has advised UH advised several

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Speaker 1: Republican lawmakers on Capitol Hill. Frank, isn't it depressing talking

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Speaker 1: markets when people are dying of this disease in China

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Speaker 1: and Iran and now we've got some cases popping up

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Speaker 1: in the US. Well, I think you have to put

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Speaker 1: everything into perspective such is my life. Have to look

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Speaker 1: at this larger picture of what's going on, and you

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Speaker 1: have to be empathetic to the needs and and and

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Speaker 1: the challenges that we face the real you know, but

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Speaker 1: here in Washington, we see everything through the political ball

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Speaker 1: which is equally as depressed. And I think that that

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Speaker 1: probably is even less impactful than the Wall Street bubble

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Speaker 1: that you're seeing it in because the Wall Street bubble

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Speaker 1: does have real impacts on you know, your four oh

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Speaker 1: one K, my college, my kids college fund and things

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Speaker 1: like that, and so, uh so, you know, we do

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Speaker 1: feel that, even though we don't feel that in the

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Speaker 1: immediate So so when I was prepping for this show today,

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Speaker 1: I was thinking of the political segment. How do we

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Speaker 1: divide this political chat in for the coronavirus into two things?

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Speaker 1: And so we'll start with the first one, which is

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Speaker 1: the the nuance of two point five billion dollars in

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Speaker 1: aid Dave Brown coming out of Congress and the bevy

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Speaker 1: of hearings that have been on Capitol Hill as it

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Speaker 1: relates to this. Now, Pence is the point person. So

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Speaker 1: there is not a rhetorical agreement, which is the second

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Speaker 1: point we'll talk about, but there is agreement around some

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Speaker 1: of the money that will be allocated from the federal

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Speaker 1: level and as it trickles down to help states better prepare. Yeah,

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Speaker 1: I think that's right, Kevin. You saw today, you know,

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Speaker 1: Speaker Pelosi, Leader Leader McConnell, leader Minority Leader Schumer all

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Speaker 1: talking about the bipartisan the emerging bipartisan part bipartisan consensus

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Speaker 1: on an AID package. I think the devil will be

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Speaker 1: in the details, as you will know based on your

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Speaker 1: coverage capital in terms of what what restrictions are imposed

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Speaker 1: on that money. You saw probably the press release that

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Speaker 1: Humor and Pelosi put out earlier today when they talked

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Speaker 1: or last night when they talked about the conditions UM

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Speaker 1: for for how the money would be spent. So I

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Speaker 1: think I think there is still um, you know, some

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Speaker 1: obvious political um jeopardy and and obviously the stakes here

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Speaker 1: in terms of how that that money will be both

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Speaker 1: uh appropriated but also messaged and what that means for

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Speaker 1: the administration. I think will be interesting to see how

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Speaker 1: Pence is being received now is sort of the the

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Speaker 1: lead for for the response. I think in some ways

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Speaker 1: that that politicizes the administration's response, and I'm a bit

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Speaker 1: surprised that the President named him to head that UM.

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Speaker 1: But we'll see how that checks out. Well. I want

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Speaker 1: to talk about that coming up, but seeking with the

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Speaker 1: unity for just one more seconds, two point five billion dollars.

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Speaker 1: Frank Maisano and your time up on Capitol Hill. UH,

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Speaker 1: that likely will get funded, that will likely go through UH.

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Speaker 1: And that's the floor to according to most people. Most

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Speaker 1: people think that there's a there's a window between eight

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Speaker 1: and two point five billion in which they will uh

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Speaker 1: will will find a middle ground. And that's you know,

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Speaker 1: as a member, as a as a guy who was

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Speaker 1: the staffer with appropriations members over the years, you always

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Speaker 1: a this is not new. I mean, this is what

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Speaker 1: they do and in a in a crisis situation like this,

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Speaker 1: this is when they step up to the plate and

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Speaker 1: work together more than ever before. So the politics that

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Speaker 1: you're hearing around the outside, we'll get to them. It

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Speaker 1: really is just the window dressing here. Just reality is

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Speaker 1: they are going to get to this. They are going

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Speaker 1: to get the money. There won't be as many restrictions

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Speaker 1: as you think there will be, and they'll move forward

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Speaker 1: and try and reading from everybody wants a part of it.

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Speaker 1: I'm reading from Physicians Weekly, which now we're reading Physicians

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Speaker 1: Weekly because it's coronavirus. H No, But I mean I'm

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Speaker 1: not knocking it. I mean it's really good source of information. UH.

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Speaker 1: Two point five billion dollar plan to fight the coronavirus

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Speaker 1: sent by the White House earlier this week, which we've

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Speaker 1: reported on. But let's dive into what this money is

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Speaker 1: going to be used for. One point to five billion

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Speaker 1: dollars is new funding. Five hundred and thirty five million

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Speaker 1: is going to be moved over from a bola preparedness

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Speaker 1: because they don't view a bowla as they're They're getting

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Speaker 1: money from a bowler because the administration feels that they've

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Speaker 1: correct in the issue of a bullet, so they're taking

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Speaker 1: money from a bulla. Uh. And in addition to that,

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Speaker 1: it's going to be used for vaccines, treatment protective equipment.

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Speaker 1: I guess the masks. We've heard all about these masks

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Speaker 1: and how there's there's no more masks, But that's what

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Speaker 1: the money is going to be used for. Gavin Knewsome,

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Speaker 1: Governor Gavin knews some Democrat California. You know, he gave

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Speaker 1: a press conference today. Dave Brown California now really in

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Speaker 1: this just because of the cases, but you know, keeping

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Speaker 1: the politics out of it from your time up on

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Speaker 1: Capitol Hill and appropriations. I don't I don't see this

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Speaker 1: as a fight. But how does this just explain to

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Speaker 1: our our listenerships how this money gets divvied up two

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Speaker 1: folks around the country and emergencies like this. Yeah, so

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Speaker 1: I mean ass Frank aluded staff staff for both the

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Speaker 1: House and the Senate, the props committees, as well as leadership.

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Speaker 1: They'll be heavily involved here. I mean they're probably working

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Speaker 1: around the clock to figure out, um, what package makes

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Speaker 1: the most sense. And then obviously they're working with members

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Speaker 1: from all fifty states and and getting input from the

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Speaker 1: different agencies and ms of the types of response that

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Speaker 1: will be appropriate. I mean, part of what we're what

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Speaker 1: we're building, Kevin, and also having to to really stand

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Speaker 1: up in real time fashion is a public health infrastructure

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Speaker 1: that is designed to address this. And so California is

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Speaker 1: is a great example. Obviously, you know, the most populous

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Speaker 1: state in the nation, um, and this is what the

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Speaker 1: fifth launches economy in the world, and so they are

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Speaker 1: scrambling with their resources. But I think part of the challenge,

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Speaker 1: and we've seen this play out time and time again

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Speaker 1: with crises in this country, it's the coordination between federal

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Speaker 1: and state and local agencies in the different jurisdictions, sometimes overlapping,

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Speaker 1: sometimes very confusing. Really being able to cut through all

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Speaker 1: of that red tape and ensure that you are approaching

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Speaker 1: this in a unified, coordinated fashion that allows for public

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Speaker 1: health UH providers and officials to do what they do best,

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Speaker 1: which is to respond and contain this type of crisis.

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Speaker 1: You know it really is go ahead. Frank, Well, no,

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Speaker 1: I was just like say, I mean, look, I think

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Speaker 1: we last night at the President's pressor, you saw um,

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Speaker 1: after the President spoke, you saw what I would call

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Speaker 1: a common sense, regular response to a major issue like this.

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Speaker 1: You saw the Vice President come on, make very calm

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Speaker 1: and stayed remarks. You had um the You had a

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Speaker 1: Secretary Asar come on and talk about what we can do,

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Speaker 1: what we're going to do, how we can get UM

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Speaker 1: vaccines ready, and you had Dr Fauci come on and

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Speaker 1: talk about that. You know, those are the things that

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Speaker 1: you're going to continue to hear them talk about. All right,

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Speaker 1: coming up, we're gonna talk about the politics of this

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Speaker 1: because it appears to be a mess. And I mean

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Speaker 1: and not the Democrats didn't have that assessment. Frank of

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Speaker 1: last night's press conference, Day Brown's like dying to get

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Speaker 1: in there. UM coming up. Download the Boomberg sound On

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Speaker 1: podcast on appoligians and Bloomberg dot Com, or by downloading

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Speaker 1: Bloomberg Business App. You can also find us on Radio

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Speaker 1: dot com, I Heart Radio and Spotify. My name is

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Speaker 1: Kevin Cirelli, Chief Washington correspondent for Bloomberg TV and Radio.

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Speaker 1: And you're listening to Bloomberg. This is Bloomberg Sound On

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Speaker 1: with Kevin Surlane on Bloomberg and one or five point

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Speaker 1: two step Terry Azor said yesterday, we want, we would

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Speaker 1: want to ensure that we can work to make it affordable,

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Speaker 1: but we can't control the price because we need the

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Speaker 1: private sector to invest. It's how speaker. That was how

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Speaker 1: Speaker Nancy Pelosi speaking earlier about the budget request and

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Speaker 1: now we're going to dive into the politics. She was

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Speaker 1: being critical of how the administration is talking about, uh,

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Speaker 1: the the coronavirus. I'm Kevin s Reli, chief Washington correspondent

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Speaker 1: Fromomber TV and Radio. Frank Massado's here, Dave Brown is here.

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Speaker 1: Dave all right, So Frank gave us a little bit

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Speaker 1: earlier of the Republican of response and how he feels

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Speaker 1: they're doing a good job. I take it that you

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Speaker 1: and your Democratic friends disagree. I'm not sure, we disagree.

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Speaker 1: I think we're focused on getting it right. So you know,

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Speaker 1: the speaker talked about vaccines, spend go ahead. Can't you

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Speaker 1: just say, Christine Vats bracing I mean the speaker and humor.

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Speaker 1: When they put out that press release last night. One

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Speaker 1: of the things on there the vaccines have to be

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Speaker 1: affordable and available to everybody who needed. They also talking

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Speaker 1: they're they're looking at small businesses. They're worried about the

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Speaker 1: impact on small businesses and so making interest free loans

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Speaker 1: available for them if they're affected because folks aren't able

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Speaker 1: to come to work. There's a bigger question, though, which

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Speaker 1: is does the administration and we saw the President finally

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Speaker 1: address this yesterday during the press conference, but is the

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Speaker 1: administration taking this seriously? The CDCs has been out there

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Speaker 1: raising a red flag, but the President has been saying, well,

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Speaker 1: maybe maybe this will be a big deal, maybe it won't.

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Speaker 1: The markets clearly think it's a big deal. I mean,

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Speaker 1: we've seen how the markets have been correcting today. Um

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Speaker 1: and you know my firm are our geopolitical folks think

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Speaker 1: that did overall in the coronavirus. Virus may account for

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Speaker 1: one half of one percent of global GDP like that

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Speaker 1: is massive. So there's an economic question coupled with a

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Speaker 1: political question. And actually I think for the President they're

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Speaker 1: one of the same because we've seen how he uses

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Speaker 1: the markets as a barometer for his presidency. So as

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Speaker 1: he's looking at this, as the White House is looking

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Speaker 1: at how they're responding to this, the question of economic

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Speaker 1: performance in the country I think will be a proxy

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Speaker 1: for how well the White House is doing combating this.

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Speaker 1: And then of course too, you know, Kevin, we obviously

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Speaker 1: have a we have a sort of a history of

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Speaker 1: of public health crises in this country that have been uh,

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Speaker 1: you know, had had brought down presidencies when you think

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Speaker 1: about um New Orleans, when you think about even Puerto

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Speaker 1: Rico with this president. So I think there are a

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Speaker 1: lot of big questions that are still open. Yeah. I

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Speaker 1: just again, I think we're looking at at this very narrowly, right,

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Speaker 1: and the political bubble is around this no matter what,

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Speaker 1: and it's on both sides. Right. The president is always

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Speaker 1: going to be a battler. He's always going to be

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Speaker 1: taking on Nancy Plosy. In that presser last night, you

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Speaker 1: notice most of the speakers didn't Most of the speakers

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Speaker 1: talked about interesting things that were preventative and when the

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Speaker 1: vaccines would be available, and how we would do things.

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Speaker 1: The president yet, in his questions and before he wanted

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Speaker 1: to lance with Democrats, right, and and and and they

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Speaker 1: came on the stage this morning and did the same

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Speaker 1: thing here. If you listen to the news, if you

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Speaker 1: watch CNN, or if you watch Fox News, or listen

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Speaker 1: to Russia Limbaugh, people are already choosing sides on this issue.

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Speaker 1: So I don't see how it's that much different politically

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Speaker 1: than we've had all along. People are choosing sides. You know,

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Speaker 1: you talk about one other thing when you talk about

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Speaker 1: the economic impacts of this. You know that last year

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Speaker 1: the trade crisis with China and other places, we're going

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Speaker 1: to be the thing that destroyed the economy, right, And

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Speaker 1: now we're hearing that this is going to be the

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Speaker 1: thing that destroyed the economy. Now. I don't want to

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Speaker 1: downplay it or minimize it, right because I think it's

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Speaker 1: important and it's something that could have a significant impagy.

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Speaker 1: But we we've been here before, just last year, and

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Speaker 1: we forget that on on this program. Literally we've been

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Speaker 1: talking about the market effects every single day of the

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Speaker 1: of the coronavirus. And so now that it's bubbled up

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Speaker 1: into a national and now it has national mainstream attention,

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Speaker 1: as it should give it the very real, very serious

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Speaker 1: health impacts just beyond the financial press world. Um in

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Speaker 1: terms of the So I hear you, and I was

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Speaker 1: telling Jonathan Farrow this earlier today on Bloomberg TV about

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Speaker 1: how in Washington the thinkers like both of you are

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Speaker 1: divorcing the idea of the budget fight and what the

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Speaker 1: money that's coming, because there isn't really a budget fight

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Speaker 1: that's happening. It's two point five billion that's going to

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Speaker 1: be made its way all throughout the country or more

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Speaker 1: or more or more. It's a blank chapel chapel, and

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Speaker 1: that's important. And the political left versus right fights, you

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Speaker 1: have to be able to divorce them. And we have. Okay,

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Speaker 1: so we talked about how President Trump versus Democrats on this.

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Speaker 1: Let's just play how our House Minority Leader Kevin McCarthy

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Speaker 1: speaking earlier today appraising the President. I just want to

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Speaker 1: get in some Republican as well. Here's Kevin McCarthy. I'm

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Speaker 1: hopeful that we can get this done next week. This

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Speaker 1: isn't something to wait around it's not something where Chuck

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Speaker 1: Schumer should play politics with and I will give credit

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Speaker 1: to the appropriators who have been sitting in the room

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Speaker 1: making it happen. So there's Kevin McCarthy again, just signaling

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Speaker 1: if you can divorce the back and forth left and

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Speaker 1: right criticism of a Republican attack the Democrat saying next week,

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Speaker 1: next week is when the money comes for the for

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Speaker 1: the first round of funds. Come okay. So now let's

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Speaker 1: take the other political angle to this, which is how

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Speaker 1: is this playing out? Dave Brown on the campaign trail

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Speaker 1: amongst all the different candidates, obviously South Carolina coming up

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Speaker 1: this weekend, what are saying? Let me just interject this

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Speaker 1: day before you go. Yeah, of course, just on the

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Speaker 1: way over here, before on the way over here, watching

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Speaker 1: CNN to get a little feel for what they're turned

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Speaker 1: off Blinberg Television again and bird Bird and um, the

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Speaker 1: first thing I saw was a Bloomberg add a Michael

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Speaker 1: Bloomberg ad that was using the coronavirus and Trump's incompetence

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Speaker 1: on the coronavirus to talk about what he can do

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Speaker 1: to fix it. So there that's already out there. That's yeah,

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Speaker 1: that's how the former New York City mayor is I

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Speaker 1: when I's out to my Biden world sources they felt

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Speaker 1: that that was a really strong moment for the former

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Speaker 1: vice president and the Charleston debate, uh, in terms of

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Speaker 1: how he was able to talk about what the what

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Speaker 1: the Obama administration did? Dave, what else are you hearing? Yeah? So,

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Speaker 1: I mean I think that's the right question, right, Like,

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Speaker 1: this is very much going to become issue already is

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Speaker 1: and so it's a proxy for a few things. It's

430
00:23:21,240 --> 00:23:24,159
Speaker 1: a it's it's both a platform to talk about this

431
00:23:24,280 --> 00:23:26,960
Speaker 1: president's ability to respond to a crisis and what that

432
00:23:27,160 --> 00:23:30,040
Speaker 1: means for for key constituencies across the country. We know

433
00:23:30,240 --> 00:23:33,000
Speaker 1: as a general matter that poor people in this country

434
00:23:33,080 --> 00:23:35,399
Speaker 1: are often hit harder than people with means when it

435
00:23:35,440 --> 00:23:37,879
Speaker 1: comes to two things like this, and so Democrats, certainly

436
00:23:37,920 --> 00:23:40,360
Speaker 1: on the campaign trail will be spine shining a light

437
00:23:40,440 --> 00:23:42,800
Speaker 1: on that, and I suspect you'll also see them pivoting

438
00:23:43,080 --> 00:23:46,360
Speaker 1: to broaden the discussion, so encompassing what this means from

439
00:23:46,359 --> 00:23:49,720
Speaker 1: the context of of affordable drugs and pharmaceuticals, the fact

440
00:23:49,760 --> 00:23:52,199
Speaker 1: that vaccines were not guaranteeing them to be affordable. Now

441
00:23:52,280 --> 00:23:54,080
Speaker 1: for this what does that mean more broadly? So they're

442
00:23:54,080 --> 00:23:55,840
Speaker 1: going to use that as a pivot. I also think

443
00:23:55,920 --> 00:23:58,520
Speaker 1: that you know the budget is going to be relevant here,

444
00:23:58,600 --> 00:24:00,800
Speaker 1: can you? You well know because you've covered the president's

445
00:24:00,800 --> 00:24:03,920
Speaker 1: budget request this year. He asked for a sixteen percent

446
00:24:04,000 --> 00:24:07,040
Speaker 1: cut to the CDC for fiscal hear you, So that

447
00:24:07,160 --> 00:24:08,760
Speaker 1: gets in the weeds. But if you take it, oh,

448
00:24:08,800 --> 00:24:10,800
Speaker 1: I hear it, but like talk about it to undecided

449
00:24:10,840 --> 00:24:16,840
Speaker 1: voters in South Carolina, super Lea. He's the other thing

450
00:24:16,920 --> 00:24:20,160
Speaker 1: with that though, I mean every year the president cuts

451
00:24:20,200 --> 00:24:22,600
Speaker 1: the budget no matter what, gentlemen, I got it. I

452
00:24:22,680 --> 00:24:24,320
Speaker 1: got a morphous off of this because we're doing the

453
00:24:24,320 --> 00:24:26,040
Speaker 1: food fight and I hear it, and we talked about

454
00:24:26,040 --> 00:24:27,760
Speaker 1: the food fight. I want to move on. I want

455
00:24:27,800 --> 00:24:31,239
Speaker 1: to know how this is impacting undecided voters as they

456
00:24:31,320 --> 00:24:35,920
Speaker 1: try to do. I think the country is finally paying

457
00:24:35,920 --> 00:24:38,399
Speaker 1: attention to this. You've seen the market this week. I

458
00:24:38,480 --> 00:24:41,160
Speaker 1: think you finally have the attention of the American people.

459
00:24:41,160 --> 00:24:43,200
Speaker 1: It's cutting through the new cycle, it's cutting through the noise.

460
00:24:43,440 --> 00:24:45,240
Speaker 1: So I think you should continue to ask that question.

461
00:24:45,320 --> 00:24:48,000
Speaker 1: keV asking next week the week after that, he doesn't

462
00:24:48,040 --> 00:24:50,320
Speaker 1: help Joe Biden. Here's The other interesting piece of that,

463
00:24:50,400 --> 00:24:52,120
Speaker 1: I don't I don't know if it helps Joe Biden.

464
00:24:52,160 --> 00:24:54,760
Speaker 1: I think Joe Biden has got a lot of things

465
00:24:54,840 --> 00:24:56,399
Speaker 1: that are going to help him and there are a

466
00:24:56,440 --> 00:24:57,920
Speaker 1: lot of things that are going to be a drawback

467
00:24:58,000 --> 00:25:01,200
Speaker 1: for him. Um. I think Sanders people are strong, and

468
00:25:01,280 --> 00:25:04,399
Speaker 1: Sanders people are die hards, and they're going to go

469
00:25:04,480 --> 00:25:07,200
Speaker 1: out and vote. And he's been working hard and he's

470
00:25:07,240 --> 00:25:09,359
Speaker 1: got that infrastructure in place. Frank, if you can look

471
00:25:09,400 --> 00:25:11,520
Speaker 1: into experience, what do you think do you think? Again?

472
00:25:11,600 --> 00:25:13,560
Speaker 1: You know? Again, I think it helps Biden in the

473
00:25:13,680 --> 00:25:17,439
Speaker 1: experienced world, but I think we're beyond that right now. Um,

474
00:25:17,600 --> 00:25:19,960
Speaker 1: with where we are now, Look, we're at Super Tuesday,

475
00:25:20,480 --> 00:25:23,520
Speaker 1: right and there's two questions there, one which we're talking

476
00:25:23,520 --> 00:25:25,639
Speaker 1: about now, does this who? Who does this benefit? Who

477
00:25:25,680 --> 00:25:28,320
Speaker 1: does this impact? But then there's another question on Super

478
00:25:28,400 --> 00:25:32,199
Speaker 1: Tuesday that's just does this does this effect turnout? Right?

479
00:25:32,520 --> 00:25:35,600
Speaker 1: Does this affect the way people coronavirus? Yeah? Does this

480
00:25:36,280 --> 00:25:39,240
Speaker 1: scare people into not look at look at Super Tuesday.

481
00:25:39,280 --> 00:25:42,960
Speaker 1: California has already been voting for everyone and we're seeing that.

482
00:25:42,960 --> 00:25:44,880
Speaker 1: I'm not sure that it matters, but it's still worth

483
00:25:44,960 --> 00:25:46,920
Speaker 1: a question. All right, we'll coming up. We're gonna talk

484
00:25:46,960 --> 00:25:49,359
Speaker 1: all about and we're gonna die more into it. I

485
00:25:49,440 --> 00:25:52,720
Speaker 1: I agree. I mean what Panels saying, you know, I learned,

486
00:25:52,760 --> 00:25:55,480
Speaker 1: I listen. I learned, I listen, I get feedback. I

487
00:25:55,560 --> 00:25:58,080
Speaker 1: take it all into account. All right, coronavirus. Right now

488
00:25:58,119 --> 00:25:59,600
Speaker 1: it's up in the air. Who's gonna help? Who's it

489
00:25:59,640 --> 00:26:01,479
Speaker 1: gonna hur? I don't think we know. And just as

490
00:26:01,520 --> 00:26:04,600
Speaker 1: a disclaimer, Michael Bloomberg, who is seeking the Democratic presidential

491
00:26:04,760 --> 00:26:06,959
Speaker 1: nomination as the founder of majority owner of Bloomberg LP,

492
00:26:07,359 --> 00:26:10,840
Speaker 1: the parent company of Bloomberg Radio, coming up, we died

493
00:26:10,920 --> 00:26:14,480
Speaker 1: more headfirst into download the Bloomberg Sound On podcast on

494
00:26:14,520 --> 00:26:16,760
Speaker 1: Apple iTunes, at Bloomberg dot com, or by downloading the

495
00:26:16,760 --> 00:26:19,760
Speaker 1: Bloomberg Business at You can also find me on radio

496
00:26:19,880 --> 00:26:22,480
Speaker 1: dot Com, I Heart Radio and Spotify. My name is

497
00:26:22,600 --> 00:26:26,520
Speaker 1: Kevin CURRELLI Chief Washington correspondent of Eating Charleston Food. And

498
00:26:26,600 --> 00:26:44,240
Speaker 1: you're listening to Bloomberg. You're listening to Bloomberg Sound On

499
00:26:44,440 --> 00:26:48,440
Speaker 1: with Kevin Surreley on Bloomberg and one Old five point

500
00:26:48,520 --> 00:26:51,359
Speaker 1: seven m h D two. I feel really good about

501
00:26:51,400 --> 00:26:54,359
Speaker 1: South Carolina. I feel really good about a number of

502
00:26:54,400 --> 00:26:57,240
Speaker 1: the Southern states from Florida to Georgia and North Carolina

503
00:26:57,240 --> 00:27:00,240
Speaker 1: in the whole range of other places. Um and but

504
00:27:00,320 --> 00:27:02,840
Speaker 1: again we'll see, I'm not a pundit. I'm just I'm

505
00:27:02,880 --> 00:27:07,640
Speaker 1: just running. It's not pundent, Joe. Don't call him pundent, Joe.

506
00:27:07,800 --> 00:27:10,639
Speaker 1: That was former Vice President Joe Biden on the CUSP

507
00:27:11,200 --> 00:27:15,119
Speaker 1: this weekend of winning in South Carolina, fueled by supporter

508
00:27:15,119 --> 00:27:18,640
Speaker 1: about because the African American community. I'm Kevin Cirelli, Chief

509
00:27:18,680 --> 00:27:21,120
Speaker 1: Washington correspondent f for Bloomberg Television of Boomberg Radio. Frank

510
00:27:21,119 --> 00:27:25,280
Speaker 1: Possano's here. Republican insider Dave Brown returns, Democratic strategist and

511
00:27:25,359 --> 00:27:29,080
Speaker 1: former advisor to Senator Patty Murray. All right, Dave, So

512
00:27:29,960 --> 00:27:33,320
Speaker 1: Joe up, everybody else down? Now, what do you see?

513
00:27:33,400 --> 00:27:36,880
Speaker 1: Assess it? Keep it simple. It's simple, folks. Thank god

514
00:27:37,119 --> 00:27:40,800
Speaker 1: Joe Biden is up in South Carolina. I need him

515
00:27:40,880 --> 00:27:43,359
Speaker 1: to come out of this with a double digit win.

516
00:27:43,640 --> 00:27:45,720
Speaker 1: It sounds like you're talking about a March Matt Matt

517
00:27:45,960 --> 00:27:49,880
Speaker 1: March madness. I just need him to blunt the sender's momentum.

518
00:27:50,040 --> 00:27:52,359
Speaker 1: Heading Well, I mean, okay, so the explication is that

519
00:27:52,400 --> 00:27:55,000
Speaker 1: he gets momentum coming out of UH, coming out of

520
00:27:55,200 --> 00:27:59,280
Speaker 1: South Carolina, then you have the Joe Biden resurrection stories

521
00:27:59,400 --> 00:28:02,680
Speaker 1: on Sunday, and then you have Super Tuesday, Frank, and

522
00:28:02,840 --> 00:28:06,520
Speaker 1: so that's bad news for virtually every other moderate in

523
00:28:06,520 --> 00:28:09,200
Speaker 1: the race. Yeah, no, no, it definitely is. And in fact,

524
00:28:09,320 --> 00:28:12,359
Speaker 1: unfortunately for Pete Buddha j edges that he hasn't been

525
00:28:12,400 --> 00:28:15,959
Speaker 1: able to really kind of gain from those early UH

526
00:28:16,400 --> 00:28:19,880
Speaker 1: success stories that he had in Iowa and New Hampshire. Um,

527
00:28:20,520 --> 00:28:25,719
Speaker 1: you know, I think really the Sanders consistency has been

528
00:28:25,800 --> 00:28:29,960
Speaker 1: interesting to me. Right, He's been consistently at that thirty range.

529
00:28:30,480 --> 00:28:32,680
Speaker 1: And what I want to see is in South Carolina

530
00:28:32,760 --> 00:28:36,439
Speaker 1: if he can maintain that, because he goes into Super

531
00:28:36,520 --> 00:28:39,160
Speaker 1: Tuesday with all those states in a in a good

532
00:28:39,280 --> 00:28:44,240
Speaker 1: position um of being able to you know, California, play

533
00:28:44,320 --> 00:28:46,560
Speaker 1: in all those areas, and if he comes out of

534
00:28:46,720 --> 00:28:50,440
Speaker 1: Super Tuesday with lots and lots of delegates, it creates

535
00:28:50,560 --> 00:28:52,640
Speaker 1: what I would you know, like to get Dave's opinion

536
00:28:52,720 --> 00:28:55,959
Speaker 1: on it creates or or yours keV It creates UH.

537
00:28:56,280 --> 00:28:59,640
Speaker 1: It creates UH a lead that would be hard for

538
00:28:59,800 --> 00:29:03,800
Speaker 1: them to to claw back. And the question becomes given

539
00:29:03,880 --> 00:29:07,800
Speaker 1: the history of twenty sixteen and what happened with Bernie Sanders,

540
00:29:08,960 --> 00:29:12,400
Speaker 1: does that create another problem for them in twenty with

541
00:29:12,480 --> 00:29:15,400
Speaker 1: a broken convention just to get some guy, just to

542
00:29:15,480 --> 00:29:18,320
Speaker 1: give our listeners some guidance. And we've repeated this number

543
00:29:18,360 --> 00:29:22,440
Speaker 1: more times than I cared to acknowledge. One thousand, nine hundred,

544
00:29:23,480 --> 00:29:28,080
Speaker 1: one thousand, nine hundred and one thousand, ninety one. That's

545
00:29:28,120 --> 00:29:31,320
Speaker 1: the number of delegates that you need in order to

546
00:29:31,400 --> 00:29:34,160
Speaker 1: officially clinch the nomination. Dave now respond Frank, Yeah, no,

547
00:29:34,240 --> 00:29:36,080
Speaker 1: So I think Frank set this up well. And look

548
00:29:36,200 --> 00:29:41,239
Speaker 1: on Super Tuesday, thirty of all the delegates will be awarded, right,

549
00:29:41,640 --> 00:29:43,320
Speaker 1: But Pete Buddha judge, if you were here, if his

550
00:29:43,400 --> 00:29:46,000
Speaker 1: campaign were here, they would say, yes, that's true. But

551
00:29:46,160 --> 00:29:49,920
Speaker 1: the remaining March states combined deliver twenty eight percent of

552
00:29:50,000 --> 00:29:52,360
Speaker 1: the pledge delegates. So what you're seeing with Pete, and

553
00:29:52,480 --> 00:29:54,160
Speaker 1: they put out a memo that lays out the math

554
00:29:54,200 --> 00:29:56,640
Speaker 1: on this. They're playing not a state by state strategy

555
00:29:56,680 --> 00:29:59,800
Speaker 1: heading into Super Tuesday, but it's a district by district strategy.

556
00:30:00,040 --> 00:30:01,960
Speaker 1: And without getting two in the weeds, what they want

557
00:30:02,000 --> 00:30:04,480
Speaker 1: to do is they want to hold Sanders margin so

558
00:30:04,600 --> 00:30:07,560
Speaker 1: that there's still a mathematical path for Pete coming out

559
00:30:07,600 --> 00:30:09,880
Speaker 1: into the light later March states where they are polling

560
00:30:09,920 --> 00:30:12,280
Speaker 1: shows he's playing much better. And this is where the

561
00:30:12,320 --> 00:30:16,200
Speaker 1: reporter in me calls uh word I can't say on air,

562
00:30:16,560 --> 00:30:19,720
Speaker 1: which is that means he's losing. Because here's here's the

563
00:30:19,760 --> 00:30:21,680
Speaker 1: thing that I'm curious about, not just losing if you're

564
00:30:21,680 --> 00:30:23,520
Speaker 1: not playing state by state and you're playing district batistrict.

565
00:30:24,280 --> 00:30:28,360
Speaker 1: But if you don't stop stop, if you don't win California,

566
00:30:28,520 --> 00:30:30,640
Speaker 1: if you don't win in Texas, if you don't win

567
00:30:30,920 --> 00:30:33,960
Speaker 1: a majority of the delegates, the momentum that Sanders has

568
00:30:34,040 --> 00:30:37,760
Speaker 1: Frank Massano is going to be very difficult to stop

569
00:30:37,880 --> 00:30:41,640
Speaker 1: and something that even the Democratic establishment does not want

570
00:30:41,920 --> 00:30:45,080
Speaker 1: to happen. And they did that before and and what

571
00:30:45,440 --> 00:30:47,480
Speaker 1: what kind of tension in my point is what kind

572
00:30:47,480 --> 00:30:51,280
Speaker 1: of tension does that create inside the Democratic Convention hall

573
00:30:51,400 --> 00:30:53,720
Speaker 1: in Milwaukee? Well beyond that, and then we gotta do

574
00:30:53,760 --> 00:30:55,000
Speaker 1: we gotta move on with a quick take for the

575
00:30:55,120 --> 00:30:58,680
Speaker 1: radar is this, which is, if you're playing this out

576
00:30:58,720 --> 00:31:01,240
Speaker 1: and you're trying to figure out where precisely all of

577
00:31:01,280 --> 00:31:04,360
Speaker 1: this is heading Wednesday morning, there will be incredible pressure

578
00:31:04,440 --> 00:31:07,160
Speaker 1: for candidates to drop out of the race, especially people

579
00:31:07,320 --> 00:31:09,400
Speaker 1: like I don't even want to name names, it's not

580
00:31:09,440 --> 00:31:11,640
Speaker 1: my job, but based upon my reporting, there will be

581
00:31:11,720 --> 00:31:15,920
Speaker 1: pressure on candidates other than Bernie Sanders and Joe Biden

582
00:31:16,160 --> 00:31:18,320
Speaker 1: to drop out of the race. That will likely happen.

583
00:31:18,560 --> 00:31:21,360
Speaker 1: There will also be a string of high profile endorsements

584
00:31:21,400 --> 00:31:24,200
Speaker 1: in the second half of next week, and then after

585
00:31:24,360 --> 00:31:28,680
Speaker 1: that there's going to be a fight of non u

586
00:31:28,840 --> 00:31:34,440
Speaker 1: mental billions of dollars worth proportions between a moderate or

587
00:31:34,520 --> 00:31:38,440
Speaker 1: two heading into Arizona. And when that field windows on

588
00:31:38,560 --> 00:31:42,280
Speaker 1: the debate stage in Arizona is you know, likely when

589
00:31:42,320 --> 00:31:45,560
Speaker 1: this is going to be even more specific. So that'scast,

590
00:31:46,440 --> 00:31:48,640
Speaker 1: which is buckle up for all of us. And now

591
00:31:48,760 --> 00:31:51,320
Speaker 1: it's time Dave Brown for your quick take of what's

592
00:31:51,320 --> 00:31:54,760
Speaker 1: on your radar. I'm curious to see what happens with

593
00:31:55,320 --> 00:31:59,240
Speaker 1: Congress heading into the remainder this year. They're moving the

594
00:31:59,360 --> 00:32:02,040
Speaker 1: markup of the National Defense Authorization Act in the end

595
00:32:02,080 --> 00:32:04,360
Speaker 1: of April, and I think that's interesting because it's still

596
00:32:04,440 --> 00:32:07,000
Speaker 1: like proceeding at pace like regular order, even though we're

597
00:32:07,000 --> 00:32:08,680
Speaker 1: in a presidential year. So I want to see, Kevin,

598
00:32:08,880 --> 00:32:11,480
Speaker 1: do we actually get anything passed or is this just

599
00:32:11,560 --> 00:32:14,120
Speaker 1: gonna be going through the motions or will Congress actually

600
00:32:14,160 --> 00:32:17,200
Speaker 1: continue to do its work heading into good one? Do

601
00:32:17,280 --> 00:32:19,200
Speaker 1: you what do you think? I think for something like

602
00:32:19,280 --> 00:32:21,760
Speaker 1: the n d A A, which is a must pass bill. Yeah,

603
00:32:21,840 --> 00:32:25,960
Speaker 1: you also have FISA reauthorization, which is gonna force Congress

604
00:32:26,200 --> 00:32:28,200
Speaker 1: to do something because there the stakes are too high

605
00:32:28,200 --> 00:32:31,080
Speaker 1: there and there're too many issues. Yeah. So so I think,

606
00:32:31,200 --> 00:32:34,760
Speaker 1: like what should have been asleepy Washington given coronavirus plus

607
00:32:35,520 --> 00:32:37,440
Speaker 1: plus like some of these other must pass bills, they're

608
00:32:37,440 --> 00:32:40,360
Speaker 1: actually gonna see folks maybe doing their day jobs. That's

609
00:32:40,360 --> 00:32:42,720
Speaker 1: a really good point because we all thought nothing was

610
00:32:42,720 --> 00:32:46,880
Speaker 1: gonna happen. Dave Brown, I always learned something and wait,

611
00:32:46,960 --> 00:32:49,080
Speaker 1: we thought this was gonna be the most boring Congress

612
00:32:49,120 --> 00:32:52,440
Speaker 1: ever in an election year. And now it's it's wake

613
00:32:52,560 --> 00:32:55,680
Speaker 1: up because everywhere you turn there's something out. They've just

614
00:32:55,760 --> 00:32:59,640
Speaker 1: t me up to on that right now, that just

615
00:32:59,800 --> 00:33:03,960
Speaker 1: to Joe Manchion and Lisa Murkowski introduced their package of

616
00:33:04,080 --> 00:33:07,640
Speaker 1: Center of Energy legislation into the Senate. It's gonna get

617
00:33:07,720 --> 00:33:10,600
Speaker 1: Rule fourteens right to the floor and most likely will

618
00:33:10,680 --> 00:33:14,240
Speaker 1: be passed, and you know, next week probably so you're

619
00:33:14,280 --> 00:33:17,960
Speaker 1: starting to see UM a bunch of energy legislation that

620
00:33:18,600 --> 00:33:24,040
Speaker 1: focuses on innovation, that talks about UM, you know, technologies

621
00:33:24,040 --> 00:33:26,920
Speaker 1: and advancing technologies like carbon capture and geo thermal and

622
00:33:27,560 --> 00:33:30,720
Speaker 1: those things, all those things that people tend to agree on.

623
00:33:31,040 --> 00:33:33,520
Speaker 1: You're seeing that start to move forward to So not

624
00:33:33,680 --> 00:33:37,840
Speaker 1: only will we have some successes on from December on

625
00:33:37,880 --> 00:33:41,120
Speaker 1: the tax side, when we have some successes as they've

626
00:33:41,200 --> 00:33:43,840
Speaker 1: said UM on n d A and others, we'll have

627
00:33:43,960 --> 00:33:47,440
Speaker 1: some energy successes as well. UM that that continue to

628
00:33:47,640 --> 00:33:51,640
Speaker 1: be part of what what we see in with Congress's action. Okay,

629
00:33:51,680 --> 00:33:53,480
Speaker 1: I don't know what's gonna be. I actually didn't know what.

630
00:33:53,600 --> 00:33:55,880
Speaker 1: My quick take is all my radar, but this is

631
00:33:56,240 --> 00:33:58,520
Speaker 1: I gotta just there were some details in my show

632
00:33:58,560 --> 00:34:00,840
Speaker 1: prep that I wanted to get into about the coronavirus

633
00:34:00,880 --> 00:34:04,360
Speaker 1: because yesterday, yesterday was ash Wednesday, and I was in route.

634
00:34:04,400 --> 00:34:06,400
Speaker 1: And I'm not making an excuse because I am a

635
00:34:06,560 --> 00:34:10,160
Speaker 1: failed Catholic, but you know, as a Catholic, I think

636
00:34:10,160 --> 00:34:13,279
Speaker 1: we're all failed. But Pope Francis has urged Catholics to

637
00:34:13,320 --> 00:34:16,680
Speaker 1: give up phones and trolling for lent. Did you know

638
00:34:16,800 --> 00:34:20,759
Speaker 1: that we can't troll anymore. Folks. Hey, you know who

639
00:34:20,800 --> 00:34:22,799
Speaker 1: am I to judge? Right? And then the other thing

640
00:34:22,920 --> 00:34:24,920
Speaker 1: is my mother back in Delco just sent me the

641
00:34:25,000 --> 00:34:27,360
Speaker 1: church bulletin from the parish I grew up with. You

642
00:34:27,440 --> 00:34:31,000
Speaker 1: ready for this? Back in Delco at St. John's, they're

643
00:34:31,080 --> 00:34:35,800
Speaker 1: not given the blood of the blood the wine because

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00:34:36,080 --> 00:34:42,839
Speaker 1: because of coronavirus. So all politics is local. But that's

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Speaker 1: not what's all my radar? Wait? Wait, I mean, have

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Speaker 1: you noticed any impacts in your life on coronavirus? Frank

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00:34:49,400 --> 00:34:53,840
Speaker 1: in Annapolis? None? Not even my favorite. What it impacts

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00:34:53,880 --> 00:34:57,520
Speaker 1: my ability to watch the NN or news or anything.

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00:34:57,560 --> 00:35:03,440
Speaker 1: I'm being so careful right now because the storylines have

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Speaker 1: really gotten crazy. Here's what's all, my radar. Here's a

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00:35:05,719 --> 00:35:12,040
Speaker 1: fast fact from Bloomberg Jackie Edwards. Australia has the world's

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Speaker 1: best performing stock market since nineteen hundred. Australia has the

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Speaker 1: world's top performing equity market over the past one hundred

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Speaker 1: and twenty years, thanks to its ability to largely evade

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Speaker 1: the global financial crisis. Wow, stocks down Under have a

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00:35:28,400 --> 00:35:33,280
Speaker 1: cheese real local currency return of six point eight percent.

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Speaker 1: Since I have some assy friends and you know, I'll

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Speaker 1: give him a shout out. So there you go. The

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00:35:40,600 --> 00:35:43,719
Speaker 1: Aussie stock market is doing is doing well. That does

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Speaker 1: it for me. Thank you. Dave Brown. Did you have fun,

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Speaker 1: Dave Kevin? I always have fun on your show. I

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00:35:48,400 --> 00:35:50,279
Speaker 1: see he's on the record, Dave Brown. He said he

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00:35:50,320 --> 00:35:52,799
Speaker 1: always has fun. Frank Maisana, what about you? Oh, it's

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Speaker 1: a fun as a rage against the machine cons which

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00:35:56,000 --> 00:35:58,600
Speaker 1: is coming up in Washington. What about a Bruce Springsteen

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00:35:58,640 --> 00:36:01,000
Speaker 1: who's gonna take us out. I'm Kevin, it's really chief

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Speaker 1: Washington correspondent from Bloomberg TV and Radio. And you're listening

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00:36:04,360 --> 00:36:06,520
Speaker 1: not to rage against the machine to Bruce Springsteen and

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Speaker 1: the bloom Bloomberg