Robert granieri through the vanguard donor advised fund. The David Tepper Charitable Foundation inc. Additional funding is provided by. Corporate funding is provided by. Sthens inc. Hoover welcome to the firing li, mayor bloomberg. Bloomberg thank you for having me. Hoover were here the Global Business forum and one of the. Pics you are most focused on is climate Chang Bloomberg yes. Hoover . And how businesses can step into the fray and help ll the void where the federal government, or governments, are not taking responsibility for addressing the climate crisis. Bloomberg well businesses fill the void, the public fills the void, and private philanthpy fills the void. It would be nice if you had the federal government along with you, but i think weve shown by closing 297 of the 530 coalfired power plas in the last few years. Weve been closing power plants in america at the same rate when trump was president , than when obama was elected, which says that the federal government can help and that can hurt, but at the margin. Hooveris that what you mean by the federal government isnt all that important. Bloomberg yes. Hoover . When it comes to the battle of Climate Change. Bloomberg yes. Companies do whats in their own interests. If their stockholders tell them theyant to be environmentall friendly, if their employees tell them they want their empler to be environmentally friendly, if their customers say i want who i buy products from to be environmentallnd they will do it. Thats the capitalist of incentives for them to dit. For viduals, it is i want to live longer so i want to breathe cleaner air and drink cleaner water and that sort of thing. I want to have better schools my kids. I want to have a lower energy bill and thats what drives them. And philanthro has its incentives. I want to change the world and i think this is one the things we can make a difference. Federal government, youve got to stop and say what was their incentive to do some of these things. I cannot for the life of me understand why the Trump Administration has this interest in rolling back ings that any person with any common sense and good for the environmentry worldwide, but also has alreadnt been imple and businesses dont want them to roll it back. So why are they doing that it makes no sense. Maybe for sport. Politics or who knows . Hoover lets talk about the costs. I mean one of your goals is to close every coal fired power plant. Bloomberg yes. Hoover youve pledged to donate 500 Million Dollars to this fort, whh is [laughs] bloomberg well spend a lotf money. I dont think is any question because it gets hard to do the more modern power plants that are somewhat cleaner. Hoover what ends upappening to the cost of energy in the meantime . Bloomberg well, cost ofoinergy is down, theyre going to continue to go down. Renewables have enormous potential. And theyre already at the same price without government subsidies. Theyre ready cheaper than using the old fossil fuels. So youre going to see big improvemen and the technologys there and its really working. Progress in that the cost of energy will clearly continue to come down. Hoover so the United States currently accounts for about 15 percent oflobal Greenhouse Gas emissions. Bloomberg yes. Hoover china accounts for roughly 30 percent of eenhouse gas emissions. Bloomberg yes. Hoover how do we, even if we get to net zero, and were doing our part, how do yount, and how do you get china, india and the other countries to be go partners . Bloomberg china is doing a lot. India is doing som but i think china is doing a lot. Yes, they still building a bunch of coal fired wer plants hoover and theyre still burning coal. Oo erg yes they are. But they are now moving plants away from the cities. The communist party wants ay n power in china and they listen to the public. When the public says i cant breathe the air. Xi jinping is not a dictator. He has to satisfy his constituents ohes not going to survive. Hoover hes not a dictator . Bloomberg no he has to, he has constituency to answer to. Hoover he doesnt have a vote. He doesnt have a democrac he doesnt get [crosstalk] held accountable by voters. Bloomberg that doesnt mee. He can surv if his advisers hoover is the check ohim just a revoluon . Have a revolution. Noing to nobody, no government survives of its people. Ll of the majority okay . The chinese commist party looks atussia and they look for where the communist party is and they dont find it anymore and they dont want that to ppen. So they really a responsive. And he is making changes. It would be better ia did more. It would be much better if india did mo. Do but europeg a number of things hoover but would that make a real difference in 100 hundreds ye bloomberg well, lets assume it doesnt. But. But if i, if you give from 50 to 100, another 50 years to live, ill take that, thank you. To live. Er have more than that but to say if we cant do a solution forever to the environmental problem, doesnt mean we shouldnt try. Over i dont think anybody is saying the united nates shoutry if china is not going to meet us there. I think the United States pabsolutely needs to do ot. But how do we get these foreign partners tdo their part too, if bloomberg well number one, you lead by example. If we can show that we can do it then they can,. Their people can go to their government and say, if amerin can do it, why cant we do it. Hoover i mean the idea that the Chinese Government is responsive to sort of a democratic clean air. Of fresh air, of oomberg oh come on. Of course they are. Hoover i mean, i, im looking at the people in hong kong ngrosstalk] who are protes and i. Bloomberg go back and read the press the days. Hoover . Nd im wondering if the chinese care what they h to say. Bloomberg . Go back and read thpress the days. When you have big pollution in beijing and theyre doing something about it. Thats thats ridiculous. Itey are very responsive t the trouble is you cant overnight move cement plants and power plants just outside the city that are polluting the air, and you have to have their product. So some of it takes time. And theres always in government even governments that e not what we would call a democracy theres lots of stakeholders who have invested interest and they have an impact. And thats why, if you listen to the young millennials, lets go in and solve the problem overnight. Yeah. That would be great if you didnt have to fund it and get it through legal things and all the legislation. Hoover and this is whats so interesting about india,ight . I mean you were on with prime ministerodi. Bloomberg yes. hoov is, understands the problem of Climate Change. You l spoke about it. T hes met with this fundamental tension of how to bring his population into modernity. Bloomberg if you kept reducg the cost of energy generated by renewables. And in india theres a bunch of it wheret really is cheaper than ithe surrounding countries you will just let will close even brand new power plants if they could build one enext door that is much m efficient and they make more money. Capitalism is a wonderful thing. Hoover theres an idea that conservatives cant possibly be environmentalists. Bloomberg i have no reason to believe thats the case. Conservatives will be environmentalists if they think being proenvironment provides a benefit at outweighs their near, or their belief that oh government shoulr be involved in anything. Hoover well i want to bloomberg which is ridiculous. G hoover e with you and so does william f. Buckley jr. 1969 he had thisbo to say why conservatives could be environmentalists. Leme show you. Clare boothe luce this question is also closely connected th all the problems of the urban sprawl, of pollution, of the air and of our inland waterways. Now how these problems will be handled short of tremendous governmentontrol, i do not see. And i have hea nothing, unfortunately, from the conservatis about those problems. Buckley i have never understood it to be a tenet of the coservative faith that one a right, an undisputed right, to pollute antmosphere which is a common property. So i think that conservative theory can very easily cope with that particular problems, which makes me slightly more optimistic. Luce even though it may mean cracking down on the Automotive Industry . In fact, they already have in california. Hoover Trump Administration just last week, revoked a california waiver which was passed. Bloomberg yes. An outrage. Hoov actually spoken about in this program. Bloomberg right. Hoover they revoked that waiver. Epa adnistrator, Andrew Wheeler said we embrace federalism and the role of states but federalism does not mean that e state can dictate the standards for a nation. Why is it an outra . Oomberg well, if youre really a conservative i wouldnt think youd want the government, the federal government, to dictate rules for all 50 states. The problem is we really would like to have one standard fore the whuntry because its good for industry. Industry wants strong regulation. Okay . They dont want weak regulation because thenhey get each state doing different. The people in california want thhigher standards, okay . Hoover so are they seing the standard for the nation then . Bloomberg some some states have chosen to copy cmeifornia and tates have not chosen but thats up to the states. what you cant do is you cant let every individual make eir own laws. Theres some things we have to have common laws for i think people would agree on education and firefighting policing and satation and those kinds o things but said that i disagrh. Buckley in fact, he seemed to say if they want to do it, why shouldnt let them do it. Hoover why Climate Change become such a partisan issue then . Bloomberg im not even sure it is. Its become, all of a sudden. We have this conference here and all we talk about is Climate Change. Hoover in the last week or , new National Polls have come out that have changed the dice. An suggest a ng trend the dynamic of the 2020 race where Elizabeth Warren has emerged as a top tier candidate. And joe bidens numbers are weakening but they sll the two of them remain in the top tier. Elizabeth warren has railedai t ultrmillionaires. You have called her tax, probably unconstitutional. You have dismissed her bloomberg wealttax. Hoover wealth tax and her medicareor all proposal as. Bloomberg economic. Doesnt work. T hoover . Jt practical. If there is a progressive who is will there be an o if joeeld, biden is not ae to go the s distance febody of a more race . Ate bent to step into the bloomberg well it would be virtually impossible from now Going Forward for anybody to come in if they had to mone theyd never remotely catch up to Elizabeth Warren and joe biden. Lets not rush to judgment. Joe biden going from 20 points over Elizabeth Warren to tied with Elizabeth Warren overnight in one poll is suspicious. Hoover but there are three polls and theres a trend. Oo erg okay. Hoover and you know a lot about polling, you do a lot of polling. Bloomberg yes, therg s some. Poll a macro sense really does work if you have good pollsters. Hoover are you polling right now . Bloomberg no. Hoover willou go in the field soon . Bloomberg no, we dont know. We don know the plans, we did. Course i lk to see, i think it would be a great opportunity to be president of the United States, i think. Twelve years, people think i did a good job. Im super pleased about that obviously. Could i do a good jo president . Nobody really knows that. I can make a big difference with the philanthropy to be in my company and that sort of thing. But you can makeore difference as the leader of the free world. No argument about that. Over right, right. Bloomberg but the polls said that i am o moderate for the likely voters in a democratic primary. An so i could not win. Be somewhat similar. Ness, would certainly more similar to my views than Elizabeth Warren is. Hoover yep. Bloomberg and i just said look, youve got to understand what you can do, what you cant do, anthen make a decision and then live with the decision. Hoover yeah, theres still a little bit of window though, you have to see. I mean, there might be an opening in joe bidens slot if he is wavering. And there is a lot of concern that hes not going to be able to go to the distance. Bloomberg look, i know joe bidenan hoover you wont have to raise the money. Bloomberg i wont have to raise money. Joe biden is a priipled guy. He was a good vice president. He has ide and hes a credible candidate. I think he can say t se thing about elizabeth warr. Shes genuine shes smart shes very wellprepared as a and has an enthusiasm when she gets up on the stage and shakeso up thes. Hoover you think you have until november to still consider it . Bloomberg november would get to be pretty hard to do. I dont know. If joe biden were to me asi de today, which hes not going to do, youd have to think about it, i suppose. N but that going to happen. Hoover youre here at theer bloombg Global Business forum. You are hosting this Business Forum with heads ostate in the middle of the u. N. Se general ly week. Bloomberg yep hoover it has been rumored that you considered potentially being a secretary of state. Bloomberg never. Hoover . In considera. Lipotentially in a hillaryon presidency. Bloomberg never. No. Hoover that was reported. Is there any circumstance where mi bloomberg. Bloomberg never discussed. Hoover no, no. It was reported that you would consider it if you were asked. Is there any circumstance where Mike Bloomberg would cr being, serving as the secretary of state . Bloomberg i cant imagine any president of the United Statesod asking somwhos never worked for anybody for the last 35 years to come in, and go and be the messenger for a Foreign Policy that comes out of the white house, and theyre sitting in foggy bottom. No, i wouldnt do it and nobody would want do it. And its and ive never had a discussion about that. Ive hrd rumors, you want to be secretary of defense. And i happen to be friendly with jim mattis. I did a book party for him recently and i think its a phenomenal job. Im a pilot. Im interested, i read aviation week and Space Technology every ek. But no thats not im gonna do. Hoover and not energy either, huh . Bloomberg certainly notnergy either. Hoover we just came off an election cycle in 2018 where you put in more than one hundred Million Dollars. Bloombg yes. Hoover you supported 24 candidates. Twenty one of them won. Bloomberg correct. Er 19 seats that you flipped. Hoover we know that youll campaign, we know that youll help on independent expenditures with respect to guns in 2020. Bloomberg one of my issues, in fact the 24 people t supported, 21 of them won, i looked at their positions on guns and the environment. Youre never gonna agree withon every posinybody has. So if you had this litmus test like you have to check all theno boxegoing to do that. Those were two important issues. Thats the basis on which we picked the 24 people to support and i certainly expect them tod. Do what they s and theyll probably come around looking for money anits a business weve got to raise see what happens. Ears and well hoover i want to get your reaction beto orourke in the last democrati democratic debate. He said essentially, what gun owners across america fear, is thatou bet im going to come for your automatic weapons. Beto orourke in odessa i met the mother of a 15 Year Old Girl who was shot by an ar 15 and that mother watched her bleed to death over the course of an hour because so many other people were shot by that ar 15 in odessa and midland there werent enough ambulances to get to the. In t hell yes, were going to take your ar 15. Your ak 47. E wet going to allow it to be used agnst fellow americans anymore. Bloomberg thats why i wont be a candidate of the democratic impractical and i dont know how youd even do it. It would be such a rallying cry for people that say they are overstepping their bounds. Wh we should do hoover so youre saying that is not the way to win this issue . Bloomberg that is not the way to end this issue. 7s first thing akhould not be in the hands of individuals. Re theyuns built not for hunting, theyre guns built to kill the mimum number of people as quickly as you can and we shouldnt have them. So you can go after the gun manufacturers and get them to stop it. But how you would go and get those back . You might have an incentive progm and maybe people would take them and turn them in. But i dont even think that would happen. Rat we need to do is to have background check flag laws. The background checks do a coup of things one you do fi some people that are mentally unstable. You find out se that have criminal records. You find out some of them are under age and you deny a license to that. Gun dealers have done this because of federal law long time. Its gun shows and Internet Sales that dont do it. But if you could get them included in the law which the 20 odd states have done already and it really does work you do stop the les of some of those. And also if you have a delay period of 24 hours or 48 hours you stop an enormous percentage of the suicides. Sy whatiatrists would tell you if somebody wants to commit suicide, they want to do it right then, and if they cant get their chce, their method of choice, they say oh heck ill go to the movies ill do it tomorrow and they tend not to go back. So you really would rece the number of suicides. And if you look in the newspapers theres a massacre every single day. Its just spread across the country and you have one offin in the newspaper and people dont think about it. But his idea is so impractical and i think hoov the fear is that it will o mobilize tosition. Bloomberg and theres no question about it. Wh barack obama was president the gun deal, the gun manufacturers worked 24 7 okay. And then the other fats interesting is while obama was presidt the percentage of households that have guns went from 35 to 25. So you say my god if you do a third fewer families havguns g but they were manufacturem 24 7, whered the guns go . People that have guns tend tos. Have lots of g and the theory is somebody is going to come to the front dr, rape my women and take my guns. Thats what they believe. And to exacerbate it and give them more munition just isnt all that productive. To hoover it goehis idea that the line is divided. People are on both sides. Bloomberg that is unfortutely whatappened to us. The republicans, the democrats dont even sit together in the senate or hoe dining rooms anymore. They they used to come and they used to live next to eher and the kids went to the same schools and so they built lationships. And you also had earmarks which was a very useful thing toun the railroad. If youre going to control the house you have to be able to horse trade little bit because you have a bunch of different viewpoints and youve got to get enough together in order to pass a piece of legislation. We took that away the interest of under the arment of Good Government and i remember thinking back then thats not Good Government teres nothing wrong with being able to move a fngs around to help people out when they. Elp y thats the way we, the way we Work Together in our schools and in our offices and in our government. Oover it was the conxtf fiscal responsibility. But the irony is that conservatives were making that after having that money for the previous decade. El bloomberg im always been found it so hypocritical. The republicans are deficit pohawks when theyre not ir but when they get there they spend. Democrats exactly reverse. My recollection is the last time we had a surplus it was bill clinton who was a demoat i think. And ive always thought that the president , the governor and the yor, those are management jobs and you want people with management expernce. And i think most of these president s weve had and most of the governors weve haand most of the Congress People and. Enato hoover theyve never been executives. Bloomberg theyre not that they never managed anything. Me and so they p with these ideas and say were going do it. World. Ut thats not the real how are you going to get people to take away the guns. W do you kw many people would vote against that. Its so ridiculous. Hooverbut trumps a sinessman. Bloomberg no, hes not. And i said that when i talked at the democratic convention. He a Real Estate Developer. Nothing wrong with being a Real Estate Developer but he knew nothing about finance, nothing about Foreign Policy and nothi about defense. Never managed anything, a small office of 100 people or Something Like that. From him. Ot taking anything away but you dont run a four million employee company, which is what the government is, without delegating a lot. You cant be an pert in erything without delegating a lot. And when you delegate you have to give responsibility to go along with authority and you have to be consistent and you have to protect youre even when they make a mistake. And the constant turnover if it was in a private company youd fire the ceo if you had turnover the way hes had turnover. Now theres no provision to do th in the constitution. Thats not one of the things we measure. But maybe we suld. Were not going to go change the constitution hoover thats what 2020 is about . Bloomberg i hope its about, the services that were delivered to bng delivered and how theyre being delivered rather than just all of the verbiage that goes on all the partisan politics. Hoover do you do genuinely n lieve policy will factor a meaningful way . Bloomberg well ive never seen a Party Platform after the convention, er. Hoover thats exactly right. Jooomberg and you know th is to some extent, ive always been uncomfortable with the president being the leader of the party, of a pay. Because the president should be the leader of untry and find some wayso disassociate her or himself from rtisan politics. But i come back to, these are nagementobs. You hire people for policy, the management is to set t tone, work ethic, how you deal with people, all those kinds of things. And thats where i disagree with donald trump. T a his policies, democrats agree with. I think that a lot of peopleho think wed be very proimmigration, but decide who comes into the country rather than who shows up at the border. I understand that we have an obligation to e world to help those who are threatened. But that doet mean you have to take them all in. And that i think the general view of the american public. I think most people think that we china was not being fair with us, ople like the idea that were taking on china. I dont think do it in the ght way. If i want something from you i first might kiss you and then ask for a favor. I wouldnt hit you uide the head with a two by four and then ask you a favor and then people wonder why it didnt work. Hoover right bloomberg people think we should talk to north korea. Winston churchill saidaw is better than war war. And even if nothing comes out it better to try and better talk, hes doing that. A you know thereot of things are in a funny position because they cant come out against them. But its the style. And the ways we turn over people and dont inude people and dont consult people. and ive always thought that if i have any strength as an myself with peoplewillrround tell me when im making a mistake. And the way i joke about it they tell me im making a mistake. I said i dont care, im going to do it anyways. Then they come to see me one by e and tellou im making a mistake. Anyways. Care, im going to do it then i get back to my desk and theyve taken my phone and keyboard away. Thats it. Hoover [laughter] i bloomberg and if you cansu stand the pr, maybe you should rethink what youre doing. Hoover yeah. Bloombg you know you dont have to agree with them even i the end. But you better think long and hard and that gets right back to the samehing in schools where we dont listen to ideashat are, make us uncomfortable. Ho can you decide whats right if you dont listen to all ideas . Hoover okay. You recently expressed concern about in a opinion editorialh h you wrote on your own site and it was reposted in theew york post on the assault of free speech, not just on campus unityn the business co and in the public square. Bloomberg yes. Hoover the argument you make is that viewpoint diversi is critical for the maintenance of liberal democracy. Bloomberg no argument about that whatsoever. Hoover why . Bloomberg because you have to find out theres two points of view, or more, for every single issue. And if youre not exposed to alf of the pointiew, how do you pick the best one . And unfortunately on cam we have triggers and safe spaces haand microaggressions and sort of thing. Youre not gonna be forced to read any literature that you dont like. t if you dike it, nobody else can hear it either. Universities particularly, but even the lower schools, should be places where you can express your views and have your classmates shoot them down or build them up. And then you can rethink it. And its in school where you make small mistakes so that, you know, you dont make the big mistakes when you geout. Hoover u said restoring the ability to disagree without becoming mortal enemies is new imperative. Object civic oomberg yes, and i think the schools have gone way erboard in the wro direction. And its starting to happen in high schools and down the chain. Hoover anas you point o in the public square. Bloomberg yes. Hoover mayor bloomberg thank you very much for being on enring lin youve been veryous wi your time. Bloomberg thank you. Thanks for having me. Hoover thank you. Firing line with Margaret Hoover made possible by. The margaret and daniel loeb foundation. Robert granieri through the vanguard donor advis fund. The david tepper charitable additional funding is provided by. Corporate funding is provided by. Corporate funding is provided stephens inc. The people who gave the moneyey to make Mister Rogers neighborhood are the people of this and other. And. Its a Beautiful Day in this neighborhood a Beautiful Day for a neighbor would you be mine . Could you be mine . Its a neighborly day in this beauty wood a neighborly day for a beauty