>> it could be allete apache -- could be a little patchy, but i think once we get to june we will be in better shape. >> we are in the middle of the worst crisis of our lives. >> we've only recovered 50% of the way, and we are kind of hitting a plateau. >> there is no reasonable amount of uncertainty out there. >> there's a lot of pent-up demand from consumers, and that money is going to find its way back into the market. >> absolutely i think inflation is coming back in 2021. >> we all knew winter was coming, but you have all the bears and hibernation right now. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. lisa: good morning. this is "bloomberg surveillance"

on bloomberg radio and bloomberg television. tom, i hear that jonathan ferro just wrote in and said he's going to come and help you take down your tree. he may get there by july, so let's see. tom: next year i've got to keep it under 15 feet. you go out to central park, you misjudge because the buildings are so tall, and i did it again this year. i think i came in at 16 and a half feet. didn't work. i had to bend at the top. lisa: that is incredibly relatable. it is a pivotal week for both politics, and when it comes to setting a tone for the rest of the year at a time of incredible consensus. yesterday, markets sold off, bitcoin sold off. the world was coming to an end. we are now range bound. at what point do people start to rethink some of their consensus views heading into this really uncertain era? tom: again, inflation expectations slip away. i know we will talk to emily in a moment.

david westin with our georgia coverage tonight. but this new york stock exchange is germane to global wall street, is about the executive branch and about the state department, the treasury department, and indeed, the defense department as well. lisa: and the consistency in u.s. policy internationally. haven't been talking about that this much. much.ut this that janet yellen, what her china policy will look like, and how people will price that in. tom: let's go to emily wilkins in atlanta with this vote today. the two leaders showed up yesterday. who won? emily: i think that would depend on whether uri democrat or a republican. both biden and trump held rallies here yesterday. biden strongly emphasized his agenda that he wants to get americans those $2000 individual stimulus checks, and the way to do that is for them to elect jon ossoff and raphael warnock, the

two democrats. trump also had a rally in georgia. he encouraged georgians to get out and vote for david perdue and kelly leffler, but also spent most of the evening talking about the november 30 >> , once again bringing up conspiracies, inaccurately claiming it was rigged and that there was fraud, really riling people up on that particular point. lisa: how has turnout been looking so far? emily: turnout has been very strong. 3 million georgians voted early. polls have been open in georgia for about an hour. we are expecting a lot of people to come out and vote today. we are not expecting to know the results of the election tonight. we are thinking that might take a couple days because this is expected to be so close. fine.hat's is the turnout different than november 3? comparedhat nuance as to the election of november 3?

emily: normally when we think about runoffs, it is about both parties engaging their bases, turnout, turnout, turnout. but this is a little different because there is so much on the line. so many people, funds have been coming into georgia. outgift out -- the get effort has been strong here. we already know that about 100,000 people who have already voted in the runoff didn't vote in the november 3 election, so there's been a huge turnout here. lisa: how closely have the republican incumbents aligned themselves with president trump after what he gave yesterday, and after some of his declarations about the georgia vote count from november 3? loefflerrdue and have really been in lockstep with the president. they understand there are some hard-core trump supporters here,

and they really need their vote if they want to in the selection. they have backed up his concerns about the georgia secretary of state, his concerns about election fraud. they even back trump's call for $2000 checks which is going against what the rest of the party wanted. they have been following very closely this entire time. that is definitely part of their strategy. tom: emily wilkins today with bloomberg government. we look forward to her reports through the day, including today at 7:00 p.m. look for that with david westin. kevin cirilli throughout the day will have the stories right now riveting washington. there's only one story for so .any of us we did not participate in the intoing shock of february march. with us now is howard ward of

gabelli funds. was your study of it in march and through the year like every other market pullback, or with this time different? howard: good. this was very different because of the speed. we had the fastest, deepest one-month decline in stock market history, a 30% plunge in the month of march. we then had the best 100 day rally in the stock market that 60%, and youing had perhaps the shortest recession on, which has given way to what still appears to be a fairly sharp v-shaped recovery. see recorded now to gdp and corporate profits in 2021, and annualized profits in

2020 look like aty are poised to come in record levels. we are still somewhat in that mode. tom: lisa, we have missed the story. howard ward says it. gina martin adams says it. the earnings derivative of q4 was the story nobody talked about. lisa: that there actually was a fundamental reason behind some of the gains. of operationea warp speed being more for markets than anything else. you do have a positive outlook. you see the positive earnings growth metrics to help support valuations, and yet you are concerned about some pockets of excess. where are those pockets of excess? howard: in my book, the child is

really tesla. i wish i had been smart enough to buy the stock in march. that would've made a good year a spectacular year. but now that it has gone up and to a marketme more cap of seems to be pretty much as speculative as you can get. it is a company that may or $2 billion -- let me put that in perspective for a moment. dina benz had a market cap less than 1/10 the size and will earn three times that. it begs the question of what to do with that market cap. they can buy just about anything. bitcoin is another area that, even though it is not an equity,

it is equity like, more equity like think currency like in the way it behaves. 2017,s something that, in $17,000 pernd bitcoin, and then promptly lost 80% of its value. i am not sure that this current environment is going to be all that different. a huge speculative move. there have been other examples in the equity arena. i don't really understand those valuations. lisa: can you imagine a time when that froth gets pulled out of the market, but everything else keeps going up unfettered? intuitively, you'd think that would be hard to see, but i remember back in the coming out crash,dotcom boom and

there were stocks, bank stocks did very well. a lot of the more value-oriented stocks which had not participated in the late 1990's rally to any extent actually did go up. so you can have an environment to among thethy us stocks ashley froth -- the us gets theong stocks. tom: that is extraordinary. howard ward, thank you as always for perspective this morning. lisa, i've got some people pushing back on me that bitcoin isn't a trend. when you have a moonshot like that coin, you can look at it a lot of fancy mathematics, but to

me there's not a trend here. there's just a spike, and how do you deal with that? i am not sure i know. lisa: jp morgan was protecting that bitcoin could truly go to the moon, that the price could go beyond. ew an appletom: i thr and said what is bitcoin going to do, and there you go. lisa: basically, you are talking about if there is a true gold with bitcoin, some kind of equivalency. inging? are s tom: i'm shaking. lisa: oh, and withdrawal. to tell lisa jon to be quiet about bitcoin? [laughter] we will tell you about an important discussion. us, headham will join

of global political strategy at avon hearst. inking allat l of this policy into markets as well. this is bloomberg. good morning. ritika: with the first word news, i'm ritika gupta. joe biden and donald trump campaigned in georgia the day before a crucial election will determine who controls the senate. all republicans have to win one -- when one ofd the seats to maintain majority. president trump continued making claims that voter fraud robbed him of the election. the effort to do overturn the election results is fracturing the republican party. five representatives in congress say the constitution doesn't given the power to overturn the

vote. there would have to be action in both houses on a state where the president claims there is fraud. the treasury says it will no longer -- the new york stock exchange says it will no longer companies.ee chinese it originally said it would remove the shares to comply with barring tariffs. market cap -- jp morgan market cap at

four times what it is worth. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪

mr. biden: we need you to vote again in record numbers, to make your voice is heard again and

again to change georgia, to change america again. tom: good morning, everyone. "bloomberg surveillance," lisa abramowicz in tom keene. jonathan ferro on sabbatical -- lisa abramowicz and tom keene. jonathan ferro on sabbatical this morning. the 10 year yield, 0.93 percent. this is a joy. tina fordham is one of the clearest thinkers we have on synthesizing the moment. i love her word here. i never can pronounce it correctly, but i will go there. febrile. it is almost a medical concoction around the pandemic and those horrific fevers people get, and yet it is the political lever of the moment. within your research note, what i love that you do is you focus on the democratic party experiment. where is the middle ground of the democratic party as we

stagger to these two votes in georgia? tina: if we are talking about the policy agenda, i actually think even if democrats pull off a miracle in the georgia senate race today, joe biden is going to be a weaker president then he would like to be, and as his numbers suggest mike comes to the agenda. this might be a relief for investors in terms of raising taxes or more progressive elements of the agenda because even if they have that time it say -- that tiny senate majority, it is not going to be of the magnitude needed to do more dramatic stuff. tom: if it is a more conservative america, is the democratic party adjusted to it so they can commit policy? highlyhese are very charged terms in the u.s.

context. member, i am an american -- remember, i am an american who has been living in europe for 20 years. i think the more progressive policies like health care, family leave and a stronger social contract, would help the the, for example, weather pandemic. what we are seeing in georgia in microcosm is a lot of why we are having a difficult time as a nation fighting this. it is low trust, lack of legitimacy, polarization over the policies that are frankly not in dispute and the rest of the world. lisa: how much does the certification of the electoral inlege vote tomorrow washington, d.c., and some of the questions circulating around that, how much does the question mark around that challenge the democratic nature of this country and away we really

haven't seen before? tina: i think the answer is twofold. a lot of my investor clients are asking me. from the point of view of the original erosion of democratic norms, it is really meaningful. however, it won't overturn the final result. what it adds to it is the fact that 40% of republicans believe that biden was not legitimately elected, even though everyone of the trump campaign's 50 legal challenges was overturned. this information does have an impact on policy. lisa: can you give us a sense of how this could change something specific going forward, especially given the fact that social media intervention is probably not going to go away anytime soon? tina: no it is not. what it means for example is that faxing rollouts are plowed -- isd ome verizon

that faxing rollouts -- is that are coming ints area there's an interplay with a concrete impact on markets. tom: i've got to rip up the script. mccraw.o be about mr. i am fascinated by 500 or 600 vaccines, i can't remember the asails, but to be mr. mccraw an incredibly key player in a total choice 202 -- in a tumultuous 2021. does he have a strategy? tina: he absolutely does. at the moment, he is trying to balance his own lunatic fringe,

the national front being antivax for a long time. thefrench public is one of -- populations that is the most vexing hesitant -- most vaccine hesitant. so he's got some problems. he also has regional elections this year to contend with. it is germany this year, france after that. he is borrowing a few pages out of the far-right handbook. tom: a bit distant for america, but absolutely extraordinary. i've heard this consistency. tina fordham, thank you so much, global head of political strategy. before we have david solomon

coming up, i think we have to what'syour take, a frame in the trenches of covering finance for bloomberg news. is it radically different than the goldman sachs we assume, or is it a continuum? lisa: this is a question. how much will they rely on their historically strong investment banking at a time when you have markets that have been turbocharged by the fed, rates that have been much lower, and the potential profits arguably based on where rates are. you have single been sex, and sonali -- you have seen goldman sachs pushing two things like consumer banking, trying to become a more friendly bank to main street. how well have those efforts worked? tom: was the distinction between morgan stanley and goldman sachs right now. what is the distinction other than morgan stanley has a better softball team?

lisa: oh, do they? extensive research, a "bloomberg surveillance" exclusive. several years ago, morgan stanley said they needed to right size their training unit. they sat across the board, they were just going to slash stats. they said we are going to stick to this effort. morgan stanley, a lot of people would argue, was right. the question is, going forward, what is the right model for a wall street bank in an ultra low industry environment with low competition? tom: that word model is not taken lightly as we look at strategy and tactics. i do want to color in advance the idea that david solomon has to speak on the bombshell that the new york dropped onnge

executive orders, stock exchange saying no. this is "bloomberg surveillance

tom: good morning, everyone. tom keene in new york with lisa abramowicz. we welcome all of you worldwide. futures deteriorate. watching the yield space. it is the most interesting year for goldman sachs, but was so important back to 1869 is that at one point goldman sachs was a small business. things have changed for david solomon, it is front and center. with esther solomon, our son ali bostick. -- with esther solomon, our cinelli bostick -- sonali bostick

. sonali: goldman sachs said more than 30% of businesses didn't know they could survive. what is at stake here? david: thank you for having me. i am thrilled to be with you on the screen morning. small businesses are a vitally important part of our economy and important in terms of how they employ families and communities that we live and operate in. they have been so badly hit by the pandemic and they need help. some help has come and more is needed. one of the things we are trying to do is to let congress know there are a number of things small businesses still need help and support on. they can still see the light at the end of the tunnel but they still need help. sonali: a lot of this is about stimulus and joe biden has

called the current package a down payment. what is the david solomon plan? of the things we have done over the course of the last few months given that we have 10,000 small businesses that have been through our program is we go out and survey them and talk to them. we created 10,000 small businesses voices. we ask them, what do you need help with? if you look at these placards, the race a number of issues that the small businesses are saying they need help with. i will highlight three of them. the first is, they need access to capital to bridge them through this challenging time. the restart is a good way to get at that. second, they talk about the need to support the people who work for them, particularly around health care. health care costs are so prohibitive, often they are not available to take care of the health care issues their

employees have. better incentives for health care for their employees. and third, because people are working harder, they need more help with childcare, basic support so they can be present at work and also be sure their children are taking care of. sonali: all this is happening as unemployment remains elevated, and even worse for black and hispanic and asian americans. what do you think on day one will be joe biden's task in fixing that gap? sure we move forward to get the vaccine is treated. there will be a lot of discussion about what additional stimulus is needed. we have raised issues this morning and are trying to get people focused on what we think needs to be included in any additional stimulus that is brought forward. we have to get people vaccinated

and get to the other side of the virus. sonali: markets have been reacting to the vaccine but the rollout has been slow here how has that impacted your own -- slow. how has that impacted your own plans and for those of your clients? david: the supply is growing and i am encouraged by the amount of vaccine that is out there, but we have to find more flexible, more efficient ways to get the vaccine distributed. i am hopeful in addition to the state actions will help the private sector with plans to that the vaccine distributed. there is plenty of vaccine. we have to get efficiency in getting that to the people in need, especially the front-line workers. sonali: do you think it will be working enough sleep -- do you think it will be fast enough that we can bring back workers by the end of the year? david: we will get through this.

i'm hopeful over the course of the next month we will see improvement, there is still work to be done. once we deal with the vaccine and the virus and people feel safe, we will still have to do with the economic impact on our economy that this pandemic has had. i think that will be a bumpier, longer period of time. sonali: before the next six months, we have to get past the next three weeks. tonight with georgia going on, everyone would love your opinion. if the democrats when the sea come what impact would that have on the market? david: i am watching the election as everyone is, and we will see whether it is tonight or over the next couple of days the result is. depending on the result, he can have an impact on policy and policy effects markets. i think the markets think this election is very uncertain into close to call.

like you, we are watching the outcome and listen to the policy responses in that will have an impact on markets. sonali: a lot of it is around corporations,s of what is the concern? david: people like to know the answer. the answer is uncertain at the moment. i am sure once we know the answer, we will move forward and markets will be fine. that doesn't mean they will go up the way they have in a few months, but markets will be fine and move forward. the focus has to be getting the economy back in shape, getting people employed, helping small businesses, and dealing with the consequence and impact of the pandemic, not the short-term gyrations of the market. sonali: we do have the issue of certifying biden when. you are most -- one of almost 200 executives who signed a letter urging congress to do so. what is at risk among the

uncertainties? david: it is important for us to get focused on the task at hand, getting to the pandemic. we have to help those in need and get the economy running. i congratulated the president elect when it was clear that he was the president elect and we were going to move forward. for the next couple of days, it is a distraction. i know what will happen on the 20th of january and we will move forward. sonali: in the first days of biden's presidency, what do you expect from him? david: i would like to see some leadership around helping us all move forward around the pandemic and helping us move forward in terms of economically supporting those who need help because of the pandemic, particularly small businesses. i would like to see a consistent message as to what we all need to do to come together to solve these problems. this is it time to come together as a country to get past the

pandemic and move forward and help people have been really adversely affected by this horrible 12 months we have had. sonali: there have been a lot of concerns for many months about why the stock market has been rallying so much while we have so many underlying concerns. do you have any concerns about the fragility of the market at these levels? david: there is no question the monetary and fiscal policy actions have definitely been very supportive of asset prices. so equity markets benefit from that. i sent a few weeks ago and stand by it now that it is hard to justify some of the valuations i see in the market on some of the ipos that have come. ofhave seen other periods this before and my expectation is some of the excess we have seen over the course of the last few months will rebalance. i am much more focused on the medium and long term.

sonali: i want to get your opinion on something else going on in the market. we saw the big move by the new york stock exchange to e-list some chinese companies and then reversed it. i am wondering what all these uncertainties mean for you in terms of china reopening its financial system. the --the first stage of phase of the trade agreement called for broader access for financial firms to markets in china, and that is being secured at the moment. we will see if it carries through and execute all the way. the bilateral relationship is complex and is one of the challenges of the biden administration going forward. the foreign policy strategy we have executed on with china over the last years in allowing them to participate with all the other economies around the

world, including the u.s., i think will move in our direction in terms of how they operate. that does not seem to have worked and we need to make sure the playing field going forward is level and fair and appropriate. there will be big challenges moving forward. there is a lot of uncertainty around that. that is something we will be talking about and being with for a couple of years. sonali: how much of an overhang do you think that uncertainty will be? biden has other issues to take care of first. how quickly do you think the trade relationship with china will get figured out? david: this is a complicated issue that will take time to focus out but i know it will be a focus of the biden administration, as it was for the trump administration. they need to level the playing field and ensure that the partnership -- we have to work with china as a trade partner.

we have to work with china sometimes as a competitor and adversary, but we have to balance that and do what is right for the u.s. and move forward. sonali: in the most recent quarter, you had a standout quarter. return of equity of more than 17%. people look to 2021 and everyone wants to know -- what is the biggest -- for you this year? david: we have a number of businesses and you and i have talked before. we have the corporate investment bank that serves government institutions, corporate clients, investment banks and trading. there are clients that have been very active and we expect the activity to continue. we have a large asset management business. we are in almost all products broadly and we think there is a lot of opportunity to continue to help clients in the asset management business.

that is an area of growth that we have been focused on. we have a business, digital consumer business that we are trying to grow so we can serve a broader array of clients with their needs digitally. we are focused on that. we see growth opportunity in all three of those moving forward. we will move forward to help our clients manage financial needs, because that is a big part of what we do. sonali: even after a pandemic you have excess capital. what are you going to do with all of that? david: we are making investments in the business and that requires capital. we have not been able to return capital to shareholders during the course of the year, because we took that action when a number of the large banks in the spring and didn't think it was appropriate. we will start that sometime in 2021 and will consider investments and return of

capital as appropriate as we move forward. sonali: thank you so much, david, for joining us. much.hank you so an extraordinary year for goldman sachs. thest point out within advocacy of small business of goldman sachs, michael berg is also the cochair of the goldman -- michael bloomberg is also the cochair of the goldman sacs advisory council. mr. goldman was discrete. lisa: they are towing a fragile line because a lot of banks have been expanding in china and trying to create ardor ships there, -- create partnerships there. is what happened with the new york stock exchange reversing rapidly and the stocks that plunged and are now gaining

value. our bloomberg podcast and business anchor and wealth management founder, what did you make of this that the new york stock exchange had seven weeks to come up with a plan and signaling they were going to de-list these companies and then suddenly reversed course? barry: the whole thing is very perplexing. i am loath to guess what anyone was thinking about. i suspect we will get a fuller picture over the next couple of months. this is why people are not thrilled when d.c. interjects itself into the capital markets, with the obvious admission that the sec is in charge of regular -- the fcc is in charge of regulating this.

the whole thing seems to be very improvised. that is not good for regulations of who gets to list in the u.s. stock market. lisa: there is also a question of the stability of a framework of policy and how people invest around it. do you think there is a material risk in certain investments that are impossible to price based on an increased fickleness? barry: the biggest issue in one of the reasons why there is such a premium for u.s. equities is the concept of the rule of law that regulation is going to be intelligent and sometimes maybe there is too much of it, but it is going to be communicated in a way that is rational and that laws and rules are going to govern this, not random impulses

of politicians. this seems to very much be one know, i random -- you know there is some legitimate national security concerns, but there is an intelligent way to manage that. havehave to admit and i said that a few times, i was thunderstruck at the november 12 executive order. i read the treasury documents in the net -- last few days good it is unprecedented. let's say that the crouching tiger fund, you are in the china fund and were forced to sell out, and then maybe you have to buy back in today. with chinaeal cost exposure over this trump soiree, didn't you? barry: compare and contrast. look it what is happening with cannot and alibaba you

rely on the chinese government to follow their own internal rules of law if they decide some millionaire is to mouth eat and they are going to -- to mouthy and they are going to intervene. one of the things we really haven't figured out how to price is the damage that this whole election nonsense that is going on is doing the -- doing to the perception of the united states as a country ruled by law. look at stocks in russia. it is essentially an organized crime family with a standing army in nuclear warheads. had theed states always benefit of being a country ruled by laws. damage to democracy is going to be determined. no one is talking about the damage we are doing to u.s.

capitalism and u.s. equities over the long haul. not a surprise the chamber of commerce jumped in. tom: that will be a theme forward. joy --k holtz, this is a zholtz, one of the great china watchers and pacific rim watchers, always writing for asia times. we are thrilled on short notice that mr. goldman could join us. thank you for taking time with us. what would you presume would be the response to beijing with the battle in the american government of a strident executive order and a department of treasury that says no?

barry: thank you for the kind words. i think with the world has figured out is that china is too big to boycott. it is becoming the world's largest economy and one of the largest capital markets. the only real positive interest rates in the world. the attempts by the trump administration to play whack-a-mole on stock listings and there is a widespread pattern where the trump administration delivers which is ignored and sabotaged by lower levels of bureaucracy which are trying to maintain business as usual. american tech companies are selling all the chips they want to huawei.

commercesung under licenses. it is not well publicized but it was in the trade press. the treasury regulators figured out that the consequences of list chineseo de- retaliation lead to and all kinds of negative consequences and with the trump administration leaving in a couple of weeks, they told the new york stock exchange, don't bother with this which is why it turned around. it is unseemly and chaotic, but the fact is you cannot use random regulatory measures to try to hold back a large and growing economy. it was an incompetent policy. a question of the precedent set.

leaving aside the genesee of the -- the legitimacy of the executive order, but given the fact that the executive branch could come out with an order that could be undercut by lower level bureaucratic departments in the name of capitalism and in the name of keeping markets running smoothly, how much does this reduce the potency of a biden administration in dealing with china? david: i think it is clear there were signals from the biden camp that a more pragmatic approach would come into the administration, which is one of the reasons the new york stock exchange turned around. to some extent, the biden administration team is complicit in this. your point is extremely well taken. the original order was not illegitimate, but it was stupid. the fact that it was effectively sabotaged at the lower levels of bureaucracy reduces the credibility.

it is a very sad date for american capital markets. tom: what should be the foreign diplomacy projection? when the first times i met you cupat a soiree over a lousy of coffee in singapore when we were a multilateral nation. when we pick up the november 12 executive order and the secretary mnuchin saying there is no other way to put it, what do you perceive january and february to be for united states foreign policy with china? david: the europeans have already giving us the heave ho and signed a comprehensive agreement on investing over american objections last week. alliesanese and other have signed the regional comprehensive economic partnership with china in asember, which was described

a great victory for china. the capital flows and trade flows come into china and overwhelming the political objection. the only thing we can do to hold china back is to get our own economic act in order and have a stronger economy than they do. tom: one final question, and again think you so much on short notice for coming to us. the great silence has been on taiwan. if i give you a statement, taiwan after trump -- what will that look like? isid: the best case scenario that nothing happens, because china will not accept an infringement of a one china policy, which every u.s. president since nixon has signed onto, to the extent that china leaves that the united states is trying to foster an independent

taiwan and a break with the one china policy, they will react militarily, either by threats or heaven forbid by action. the best thing to do given the fact that the united states does not want a hot work with china at this point, that would be catastrophic, is to maintain the one china policy fiction, reinforce taiwan quietly sufficiently to raise the cost of an attack on china but not in -- china openly. it is a delicate situation. tom: one final question, back to the fixed income space of yesteryear as well -- do you have a confidence that we unwind from low yields and high prices in fixed income with stability, or do you just assume jumped conditions? david: the central banks of the world cannot buy the debt of

their government indefinitely. it is something that cannot go on. i do not believe that during 2021 we will get a reversal of the negative interest rates in the west. i think the central banks will continue to support the market. i believe this will be to a weaker dollar. at some point down the road that may become an intolerable situation. going back to china, this will keep capital flows going and get the 2% positive real interest rates. tom: i have eight more questions and no time. david goldman, thank you for joining us. we will have david goldman come back and talk about currencies at a point in their we something about china as well, writing in the asia times. up, the former fed governor will join us.

now,es deteriorate right -12. dow futures -70. ♪

lisa: i'm lisa abramowicz in four jonathan ferro. the countdown to the opening starts now. election day in georgia. the results potentially shaping the biden administration for a potentially begins. president trump rallying voters in atlanta. -- president-elect biden: we need to do vote in record numbers to change georgia and change america again. this is not an exaggeration, georgia, the whole nation is looking to you to lead us forward. you know it. lisa: president trump holding his own event, calling the two senate seats a last line of defense. pres. trump: if the