tv The News With Shepard Smith CNBC June 15, 2022 7:00pm-8:00pm EDT
they need to stop so people start saving that money. trust me after what i heard today, powell wants the speculation to end it's just he wants you to end it i like to say there is always a bull market somewhere. find it r you on "mad money. the news with shepard smith starts now >> recession storm clouds get darker can the fed land the plane i'm shepard smith. this is the news on cnbc the biggest interest rate hike in 28 years >> the federal reserve raising the funds rate by 75 basis points >> why stocks went up on the news and what it means for the economy. >> it is essential we bring inflation down >> plus, the president's warning to big oil with gas prices at record highs the january 6th committee releases a new video is this a tour of the capitol or a reconnaissance mission why the panel wants answers even
after capitol police cleared the lawmaker who led the tour. >> when visitors come, they take pictures >> primary election wins for candidates backed by the ex-president >> i would like to thank president donald trump >> now, trump responds what the results mean for the rest of the republican primaries. sizzling heat across a dozen states the stress on the power grid, and the warnings of summer blackouts. the worrying facts about self-driving cars. rating police officers, like uber drivers and aged and awkward the death of internet explorer live from cnbc, the facts, the truth, the news with shepard smith. good evening with the fate of the american economy hanging in the balance, the federal reserve today takes action like nothing in decades the stakes are enormous. on the one hand, you raise the
interest rates too fast and too high and you risk steering the economy into arecession. raise them too slowly or not enough, and runaway inflation could go unchecked and still lead to a recession. you have to get it just right. today, the prescription from the fed was a rate hike of three-quarters of a percentage point, the biggest rate hike since 1994 the federal reserve chair, jay powell, spoke with reporters today. he acknowledged he was surprised that inflation continued to rise, as a result, he says he expects another large rate hike at next month's fed meeting. >> clearly, today's 75 basis point increase is an unusually large one, and i do not expect moves of this size to be common. from the perspective of today, either a 50 basis point or a 75 basis point increase seems most likely at our next meeting >> well, wall street liked that. the dow snapped a five-day losing streak, closed up more than 300 points after jumping more than 600 earlier in the day. the biggest winner, the nasdaq
up 270 at the close. 2.5%, as tech stocks surged. the s&p up 55, but it's still in bear market territory. that, of course, is when an index drops at least 20% from a recent high. cnbc's senior economics correspondent steve liesman in d.c. he was at powell's news conference today did the fed make the right decision >> the important takeaway is the fed is showing it's getting very serious about fighting inflation. it's a staid institution it doesn't do something hiking three-quarters of a percentage point lightly that could mean another hike like this in july. it also means the odds of a recession are definitely going up doesn't guarantee a recession. makes it more likely, but the question you have to ask yourself is what kind of economy would this be if we kept going at 8% inflation every month?
i think the fed had little choice here. >> what does this rate hike mean for people's money >> so, consumer rates are going to go up across the board. many already have. mortgage rates topping 6%. they were 3% not too long ago. auto and credit card loans, they're going it be higher making the cost of owning those things more expensive, and of course, the s&p 500 as you just said, off 20%, so that's a big hit to people's retirement and savings plans. the outlook definitely challenging, if there's a silver lining, we are starting from a very low unemployment rate and there's still going to be some momentum to the economy from the rebound we get from covid ending here, hopefully. if we can get supply chains back to where they were, some of the inflation problems over time could take care of itself, but it might be several months before we start to measure and see those improvements, shep >> thanks very much. >> president biden accusing the oil industry of profiting from the record gas prices, that from an open letter to seven of the
biggest oil companies. the president wrote that historically high refinery profit margins being passed directly on to the american families are not acceptable. mr. biden added that companies must take immediate actions to increase the supply of gas, diesel, and other refined product. if not, the president warned, he is considering invoking emergency powers to boost america's oil supply this comes as we're all feeling the pain at the pump aaa reports the national average gas price is about $5 a gallon 50 cents more than last month, nearly $2 more than last year. cnbc's kayla tausche live at the white house. kayla, first, he put it on putin. now he's blaming both putin and big oil. >> shep, president biden is now asking major oil companies to explain why they haven't returned to prepandemic levels of refining and enjoying those higher margins in the process. exxonmobil for one responded to the white house saying, we have been investing through the downturn to increase refining
capacity, even during the pandemic, when we lost more than $20 billion, and had to borrow more than $30 billion. overall in the united states, oil refiners are operating at about 94% capacity though the amount of oil they're capable of refining has fallen by about 1 million barrels of oil per day since the pandemic peak today, the press secretary said companies should increase gas supply at all costs for the good of american consumers. >> we see that as an important first step in making sure that the oil refineries are doing their part, again, patriotic duty, in making sure they're putting out capacity and they're not taking advantage of a war that is hurting the american public industry executives, i'm told, have privately provided some of their own tactical suggestions like the white house investing alongside companies to reopen shuttered refineries, supporting an existing oil pipeline from
canada called line , and removing steel tariffs that have made drilling equipment more expensive. another political option would seemingly clash less with the president's base, like senator ron wyden, he made a proposal to tax oil companies' excess profits that he shared with the white house, and wall street banker and long' time democratic adviser robert wolfe was seen leaving the white house after having publicly advocated to suspend the 18 cent per gallon federal gas tax. all of that could come to a head before the high traffic july 4th holiday, and before president biden travels to theole rich kingdom of saudi arabia. shep >> kayla tausche live at the white house. the day before the insurrection, a republican congressman led a tour group through the capitol complex. the january 6th committee is demanding to know why. that committee releasing surveillance video of georgia representative barry loudermilk leading the hours-long tour, while the complex was closed to the public the committee's chairman says
the group took photos of things that really aren't typically of interest to tourists, like security checkpoints, stairs and hallways according to the committee, this same man taking photos by a staircase recorded himself the next day marching on the capitol and making violent threats of what he was going to do to some top democrats. >> we're coming in like white on rice for pelosi, nadler, schumer. even you, aoc. we're coming to take you out we'll pull you out by your hairs. how about that, pelosi might as well make yourself another appointment. when i get done with you, you're going to need a shine up on top of that bald head. >> well, there are no indications that that unidentified man in the video stormed the capitol or committed any crimes at all on january
6th. capitol police reported on monday that they did not find anything suspicious about congressman loudermilk's tour, and today, he insisted it was not for surveillance cnbc's senior congressional correspondent ylan mui now what's the explanation here, ylan >> shep, this tour has been the subject of scrutiny for weeks. in fact, georgia representative barry loudermilk initially denied he even gave a tour on that day, now he acknowledges that he did show some constituents around, but it wasn't reconnaissance. today, he accused democrats of being disengenerous and said no one has contacted him directly about testifying before the committee. >> the problem i have with them is i don't know who to trust over there, when they act this way, it tells me they're not interested in the truth. they're interested in a political narrative. why they picked on me, i don't know >> the capitol police have reviewed this video footage as well they confirmed that a group of about 12 to 15 people spent
several hours within the three house office buildings, but they did not appear in any of the tunnels that lead to the capitol. in a letter, capitol police chief thomas manger stated, quote,ee do not consider any of the activities we observed as suspicious loudermilk said the man in the video is taking pictures of a golden sconce on the wall that's shaped like an eagle and of the underground train. it's also important to point out that loudermilk denounced the threats of violence against his fellow lawmakers >> i'm totally opposed and i condemn that kind of language. but no one in that group showed that type of aggression that day. >> loudermilk said he and his staff have gotten death threats as the committee publicly called on him to testify, but shep, since then, he's also secured the endorsement of former president trump for his re-election campaign >> ylan mui, thanks very much. the january 6th committee continues its public hearings tomorrow with a focus on the pressure
campaign against vice president pence. full coverage tomorrow night here on the news the 18-year-old buffalo shooting suspect wrote a note. in it, he apologized to his family and said he planned that attack because he cared for the future of the white race. that's according to court documents that the justice department filed just today. prosecutors charging the suspect with federal hate crimes in the complaint, the feds say they found the gunman's apology note in his bedroom after the shooting they also say he carried out the attack to prevent black people from replacing white people and eliminating the white race cops accuse the suspect of opening fire at a tops supermarket a month ago. they say he killed ten people because they were black. attorney general merrick garland announced the new federal charges today after meeting with the victims' families in buffalo. >> the affidavit in support of the complaint quotes the defendant as stating that his goal was to, quote, kill as many
blacks as possible >> the new charges include ten counts of hate crimes resulting in death, three counts of hate crimes involving bodily injury and attempt to kill, and 13 firearms offenses. if convicted, the suspect could face the death penalty he has pleaded not guilty to separate charges related to that shooting a 3-year-old boy missing from his babysitter's home a massive search party combing the area, and today, answers after they gave one spot a second look. weeks after reports of abuse in the southern baptist church, a vote for change. the moves made at the church's annual meeting and it's one many people are questioning. >> emotional testimony on capitol hill from pet owners the common item that a subcommittee is demanding be pulled from store shelves after thousands of pets died
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i'm a british actor. a 3-year-old boy went missing from his babysitter's house in massachusetts just yesterday morning. crews combed the area around the home, searching for more than 24 hours. the district attorney says around 1:00 this afternoon, divers found the toddler's body at a nearby pond his name was harry the d.a. announced today the crew found the remains close to shore in water about five feet deep it happened in lowell, mass, about 30 minutes north of boston the district attorney there says harry was wearing the same clothes in which he disappeared and he does not appear to have any external trauma. >> i thing this is every parent's worst nightmare everybody who has had a toddler is in terror of that toddler wandering off. >> police say harry's payments dropped him off at the babysitter's house yesterday morning. they say a neighborhood lost saw him playing in the yard about
two hours later. when the neighbor didn't see the toddler 15 minutes after that, he alerted the babysitter and they reported him missing. the district attorney says yesterday morning, divers searched the same pond where they found his body, but they didn't find anything then. >> we do not know where he was from the time he went missing until he was located in the pond today. or where he may have been walking. many of you have been down in that area, you know it's a very rugged terrain there >> the pond, about 650 feet from where harry went missing, police say they didn't find any indication that somebody had abducted him, but they'll be looking into what happened well, the grand rapids, michigan, police officer charged with murdering patrick lyoya has been fired the city manager announced the decision today, saying he acted on a recommendation from the chief of police. the shooting happened during a traffic stop in april. police body cam and eyewitness video show officer christopher
shur chasing and struggling with lyoya on the ground in a front yard you can hear the officer yell at him, let go of his taser, as he puts his gun to the back of lyoya's head second later, with lyoya face down in the grass, the officer pulled the trigger his dismissed is effective last friday, according to the city man manager. he had been on paid lead he's pled not guilty to a second degree murder charge lyoya's parents have been calling for officials to fire the officer since the shooting happened in a statement, family attorney asked what took so long. >> southern baptist convention voted overwhelmingly to approve two reform measures. the vote yesterday came just three weeks after a bombshell investigation, one commissioned by the church itself it found the southern baptist leadership lied and covered up accusations of sexual abuse. it also accused them of stonewalling the survivors one of the measures creates a database to track pastors and
church workers credibly accused of sex abuse the other forms a new task force to oversee further changes within the nation's largest protestant denomination. some southern baptists say the reforms interfere with the church's autonomy. others say they don't go far enough after yesterday's vote, an abuse survivor told the associated press, it's not perfect but a small step and a healthy healing step in the right direction. the deaths of 2500 pets are now linked to a popular flea collar today, a congressionp subcommittee demanded the environmental protection agency pull that collar off the market. the committee alleges the seresta flea collar caused health problems for both pets and their owners according to their report, an apa scientist observed the symptoms that pet owners were sharing on facebook. owners reported seizures, tremors, vomiting and anorexia according to the report, pet
owners got sick after they came in contact with that collar. some owners reported getting hives, others with more serious problems like breathing difficulty, dizziness, and nausea today, pet owners and experts and epa scientists all testified before congress. one owner told members about how her beloved dog tigger died while wearing the seresta collar >> i never can bring tigger back, but i hope that by speaking here today, i can help other pets and their owners avoid what tigger went through >> in a press conference, a house subcommittee said this report shows that environmental protection agency under previous administrations was aware of the dangers of the collar as early as 2015 and failed to take action to protect pets and their owners the company behind the collar is called ilanco. it reports studies show the product is safe. and that it has the backing of the american veterinary medical association.
in a statement, the company's spokesperson said we're proud to stand behind the product as an important tool to protect pets from fleas and ticks and the damaging diseases they carry for the first time we're getting information on self-driving cars and crashes. and while the data points to hundreds of incidents, cnbc's phil lebeau explains why those numbers might be misleading. and kids under 5 now one step closer to getting covid shots. how much longer will parents hao it that's ahead pnc bank believes that if a pair of goggles can help your backhand get better... yeah! then your bank should help you budget even better. [man laughing] virtual wallet® is so much more than a checking account. its low cash mode® feature gives you at least 24 hours of extra time to help you avoid an overdraft fee. did you see that? virtual wallet® with low cash mode® from pnc bank. one way we're making a difference.
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turns out self-driving cars might not be all that good at driving. a first of its kind release of data today from the national highway traffic safety administration shows this, nearly 400 crashes in the u.s. over ten months that involved advanced driver assisted systems. the report shows those crashes killed six people and seriously
injured five others. nearly 70% of crashes involved a tesla system tesla didn't respond to requests for comment. but the federal agency's administrator says it's tough to draw any definitive conclusions about the numbers. he warned the data may raise more questions than they answer. cnbc's phil lebeau covers the auto industry and airlines for us phil, is it fair to draw any kind of conclusions here >> not at this point, shep here's why we don't know the context for the accidents that have been reported since may of last year or since june of last year and without the context in terms of how many miles were driven, what exactly happened in a particular accident, there's no way of knowing if there is a safety defect. also, the advanced driver assist systems in different vehicles, it varies. some may have a particular component. they may incorporate some software because of that, there's no way of saying this is a definitive problem in this one type of vehicle or with this automaker
>> car prices, they have been red hot for a long time, phil. when can we expect those numbers to level off >> i don't think it's going to happen anytime soon, shep. here's the reason why. you're looking at record high or near record high prices both new and used, and they continue to stay at this level because there's simply so much demand and not enough supply. and we see it when we go by dealerships, shep. most vehicles right now at dealerships are presold. in other words, they are built to specification they're shipped to a dealer, the paperwork is done, they're delivered to the person who ordered it gone are the days at least for now, shep, where you or i could go to a dealership and say what do you have here i want to see what selection you have, because there's very little selection right now >> no doubt. thanks so much >> in russia, cars are heading off the assembly line without emergency seat belt locks, without antilock braking systems, and without airbags the russian car company halted
production back in march because it couldn't get parts under the international sanctions. but after the russian government slashed safety regulations last month, the company started up again. if you can't get the parts, just change the regulations this time, without those key features in a press release, the company's president said, we have to further produce the popular and affordable cars of the russian market, which do not depend on imported components storage. the mayor of moscow also announced the country will begin manufacturing again a soviet era car company. that model last manufactured nearly 20 years ago. in yellowstone, officials warn some parts of the park could be closed for months brand-new video tonight of the historic flooding that washed out cars, roads, and homes plus, electricity cut off to thousands in the midwest during a sweltering heat wave can the power grid survive the
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doses of pfizer and moderna's vaccines for kids under 5. they're the only age group still not yet eligible for vaccination. now, the plan goes to the fda and the cdc, and if both of those agencies sign off, health experts say 18 million infants, toddlers, and preschoolers could get a shot as soon as next week. meg tirrell covers science and medicine for us. >> shep, they were tasked with voting on whether the benefits of these vaccines outweigh their risks in this youngest age group. they focused on their safety and tolerability as well as how well they work in preventing covid. while the vaccines generated a similar response in babies and young kids as they did in young adults, in the age of the omicron variant, their efficacy isn't expected to be extremely high in preventing rare illness. two of the panelists emphasized the fact that severe illness is
extremely rare for young kids with covid, saying that should be made clear to families as they make decisions about getting the vaccine. still, they both voted in favor of giving families the choice. the majority of the rest of the panel emphasized how important it is that protection be extended to the youngest age groups pediatrician dr. evan anderson who was part of moderna's presentation noted deaths due to covid among young children are higher than for other vaccine preventable diseases like flu or chickenpox and rubella, and though both got unanimous recommendations, the vaccines aren't identical moderna's is given as two doses of 25 micrograms each. a quarter of the adult dose. pfizer's is three doses of three micrograms a tenth of the adult dose. that also means it takes a month to finish the moderna series and almost three months to finish the pfizer one things parents may keep in mind if they're thinking about getting the vaccine before back to school in the fall. now, the cdc's advisers may also weigh in on the differences when
they meet friday and saturday. polling shows it's only a minority of parents who want to get the vaccines right away. just 18%, according to the kaiser family foundation still, many parents testified today that access to vaccines finally means a return toward something more like normal shep >> meg, thank you. from buyers to builders, the housing slowdown is here and that's what's topping cnbc's on the money u.s. home builders sentiment sliding to a two-year low this month. it's the sixth straight month that sentiment has dropped that's new data today from leading builder index. home builders face a wave of supply and demand challenges soaring mortgage rates crushing affordability and driving down home sales on top of that, materials and labor still hard to find and the cost for them remain very high >> a government safety agency out with this warning about two popular fisher price baby rockers. never use them for sleep
they're the infant and toddler and newborn to toddler rockers the warning comes after reports of at least 13 baby deaths in the rockers. fisher price has sold more than 17 million rockers worldwide over the past 30 years and the toy maker lego building its first brick factory in the u.s it's coming to chesterfield county, virginia lego reports the investment will top a billion dollars. the u.s., one of lego's top markets, but the supply comes from mexico. the company produces roughly 100 billion lego bricks each year. on wall street, the dow up 304. s&p up 55. the nasdaq
seat that democratic congresswoman previous held. he resigned in march to join a lobbying firm. analysis now from larry sab atoe, the director of the center for politics at the university of virginia. what are the lessons if any from congresswoman mace's win and congressman rice's loss? >> you know, you would have to say that donald trump really got what he wanted he pushed congresswoman mace
back into a more supportive role for donald trump she doesn't criticize him very much or directly at all. and that's really what he wanted there. and the other case, though, he was after congressman tom rice he was one of ten republicans who voted to impeach donald trump after the second impeachment. and it's pretty clear that tom rice not only lost, he lost 2 to 1. it was a massive defeat for an incumbent. so donald trump did very, very well, and the republicans generally did very, very well, even though this is a primary season, but that special election in texas with a republican elected to a formerly democratic district tells you that hispanics are continuing to move at least in some areas of the country toward republicans >> that is clear in nevada, how important do you think that senate race is going to be come november? >> it's one of three or four that will determine the control of the senate.
it's hard to say this early which seat will be the controlling seat but in a 50/50 senate, they all matter and nevada, while it has been voting democratic, has not been voting democratic overwhelmingly it's a few percentage points given the conditions prevailing in the country and given that you don't need a political analyst to tell you this is going to be a republican year, it is possible that that seat will flip along with the governorship >> you know, with this shift that is very clear, larry, in the data regarding hispanic voters, could you see a world where this republican line about invaders and coming to get you and taking over of the country from people from latin america might end? >> it might fade i don't think it will end. and what's interesting is some of the hispanics, some of the latinos voting republican and haven't voted republican before actually say they're voting on
immigration because they waited their turn, and they're critical of people who haven't waited their turn and are simply, quote, invading america. >> times are changing. larry, great to see you. thank you. communities across the yellowstone, look at this. just incredible flooding they're trying to assess the damage now after the historic weather that wreaked havoc on the area this is new video of that destruction. southern montana, northern wyoming. entire homes ripped apart, swept away in the raging water dashcam video here, look at that the rockslides that crushed a car, nearly did, as people raced to evacuate the national park there. most roads in and out are destroyed. i mean, would you look at this an official there says yellowstone would remain closed up to a week, but the northern entrances and what they call the northern loop of the park, they say those may not reopen all summer long. the flooding forced more than 10,000 visitors to evacuate the park so far, no reports of injuries
or deaths, thank goodness. but forecasters are warning more heavy rain and the continuing melting snow could spark another round of flooding in the days ahead. cnbc's valerie castro continues her reporting tonight from gardener, montana, near the northern entrance of the park. >> the picture perfect shot at the yellowstone sign, a special trip for the martin family from missouri >> two years in the making we have all four of our kids and their spouses. and all eight of our grandchildren. so this is for our 40th anniversary. >> after spending just one day inside the park -- >> i was looking forward to seeing the geyser the most and a grizzly bear and we did not >> the rest of their stay is now limited to the town of gardener. the gateway to the national park practically deserted now as most visitors fled following monday's flood. a national park service report said in 2019 yellowstone visitors spend more than $500 million in surrounding communities. in turn, supporting more than 7,000 local jobs now, restaurants are empty,
shuttered under boil water advisories outfitters like white water rafting companies once booked solid are inundated. >> businesses are trying to sort out what they're going to do with their seasonal staff. they can't afford to keep them their business projections are shot reservations are being canceled. >> for the foreseeable future, we don't have yellowstone. that's what we depende on. >> nathan, a lifelong resident said the economic hit coupled with the damaged infrastructure could deal a worst financial blow than covid to this community. >> we're asking people that are a month or more out to hold on for a while. let us find out more let us get more timelines on fixes. we're going to need people to come and visit us in the future. >> i'll be back. i don't know that i'll have all 18 of us next time, but we'll be back >> following covid, the park county commissioner says gardener was expected to have an incredibly busy summer he says some businesses were hoping to shatter their revenue
records. now he worries some may never recover. shep >> valerie castro in montana for us power grids across the country getting a real early summer test. heat waves scorching much of the country, and now thousands are in the dark as cities try to conserve energy ahead of more sweltering temperatures. 100 million of us suffering through high temps today dangerously hot weather from phoenix all the way to detroit and forecasters say the heat wave is going to continue into tomorrow dozens of record highs expected in the days ahead. in ohio, nearly 200,000 homes have no electricity, according to pouteroutage.us perry, they turned the power off on purpose >> right, so we had a storm that came on monday, knocking out power. then the heat came, energy usage went up, then they had to cut people's power to avoid overloading that system. they have some different shelters that are up and running, including one behind
us, it's a library the issue is this place closes at 8:00, so people have to go back home and sleep in the heat. >> the temperature inside sonya's home is getting close to 90 degrees >> i just don't know what we're going to do. >> the power has been out for two days >> my food, the smell. >> her food has gone bad, flies are in the air and her dog, jojo, is panting. >> mommy going to get you outside and try to fan you or something, okay? >> her family bought freeze pops to stay cool >> it's not as humid the heat is just as bad. >> in ohio, severe storms damaged power lines and then came the hot weather, creating transmission overloads to fix the overloads, they cut the power to more than 100,000 people >> we're sorry i mean that's one thing, we're sorry. >> with hot weather just starting to roll in, it's
igniting fears of a summer of power outages. there is a high risk of energy emergencies this summer. the group says above average seasonal temperatures are contributing to high peak demand and the potential increase of forced outages a spokesperson for one energy grid operator said in the upper midwest, they discovered a capacity shortfall in the power grid, never this big before. the company is warning of possible rolling blackouts this summer to prevent uncontrolled cascading outages. in tennessee, a power company is asking people to set thermostats to 78 degrees out of fears of overwhelming the grid. >> i know that's kind of warm down south, where the humidity is high, and it's a suggestion >> in columbus, she says she was told the power might come back friday >> might come on friday work for you? >> yes, that doesn't work for me there's no definite answer and we're suffering. >> it was difficult to be inside
that home for just 15 minutes. we were sweating bugs were flying in and out of our noses. now, imagine spending days there. this heat has turned deadly in milwaukee where an 89-year-old man and a 39-year-old woman were found dead they're investigating to see if the deaths are heat related. in the woman's apartment, it was 80 degrees when they arrived her body temperature, 101. >> perry russom, thank you >> the man who said he wanted to kill justice kavanaugh made a move that police say changed everything the person on the other end of a text message now being credited for saving lives and iran preparing for a new rocket launch, one that will send satellites into space, they tell us. could it mean danger for american troops? ♪♪
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we got that from police. they say after the suspect walked away from justice kavanaugh's house, his sister urged him to call 911 and turn himself in and he did police arrested nicolas roske last week a block from the justice's home in maryland officers found a glock-17 pistol, a knife, crobar, zip ties, and more in his bag. according to court documents he said he was there to kill justice kavanaugh. he indicated today on one -- indicted today on one count of attempting to assassinate a justice of the united states that charge carries a max pm sentence of life in prison >> iran now confirms it is indeed preparing for a solid fuel rocket launch the announcement after satellite images showed activity at a desert launch pad yesterday. and the iranian regime reports it will test a rocket that carries satellites but a recent u.s. intelligence threat assessment claims a
successful satellite launch shortens the timeline to an intercontinental ballistic missile for iran this is the same launch site where the iranians have failed several times recently to send a satellite into orbit a pentagon spokesman says the u.s. military will continue to closely monitor iran's pursuit of viable space launch technology and how it may relate to advancements in its overall ballistic missile program. michael o'hanlon now, senior fellow at the brookings institution. michael, what does this mean for the power dynamic in the middle east, and in particular, for the safety of u.s. troops? >> hi, shep. i'm not that worried about the u.s. troops because as you know, iran's covert warfare and feels it can essentially hold its own against us, and achieve a lot of the goals it sets out for itself in places like syria and yemen it doesn't tend to attack our major military facilities directly because it wants
deniability and it doesn't want retaliation. in our presence in iraq in the heyday of the occupation after the iranians would ship in weaponry and it would go to extremist groups and they would sometimes place roadside bombs and those bombs would kill americans. but we knee what was going on, but there was a multi-step process that made it harder for us to retaliation directly against one location or installation now, donald trump had enough of that after a while and assassinated or killed soleimani, and there was a lot of bipartisan support for that decision of president trump when he did that two years ago. because soleimani was the ring leader and mastermind. for a long time, iran felt it could operate in that kind of covert space i think it prefers that. it still prefers to avoid inviting direct retaliation by u.s. military forces that are better at this kind of thing than they are. they're good at covert stuff we're good at the more direct stuff. i think they'll stay with the covert activities. >> on this rocket launch, is there reason for concern for the
u.s. or no >> you know, it's one incremental -- you could spell out a scenario where if iran has the ability to hit europe or the united states some day maybe with a nuclear weapon, that that would be some kind of relevant factor in a crisis, but iran's very unlikely to ever want to do that because, of course, we would retaliate massively. they don't have the nuclear weapon yet, and they're a ways away from having an icbm that can hit the united states. i think they'll stay much more active doing what they're good at, which is bad enough already for us, but i don't see this as a major development. if they can put satellites into space, they're a lot closer to an icbm, but there's so many reasons why it's not likely to be their first choice on how to go to war with us. >> more concerned about uranium enrichment than anything else? >> yeah, because that bomb they can use in the region. i don't think they'll use that either, but they can try to make
people fear them, make it harder for us to believe we can retaliate against them with an icbm, however, they have multiple steps of development they still have to go through. we can see it on its way we have potential options to shoot it down as we do today with north korea's icbms it's not good, but again, it's not the top tier concern i think it's lower than a nuclear weapon in its like ly salience >> another billion dollars for ukraine. the pentagon announcing the additional aid for their defense just today the ukrainians have been begging for more heavy weapons and fast, as russia gains ground and pummels them in the eastern donbas region. the new package of weapons includes more heavy artillery howitzers and harpoon missiles used against ships meantime, ukrainian soldiers have ignored russia's ultimatum to surrender or die in the strategic eastern city of
severodonetsk. the local governor says russia now controls about 80% of the city and has cut off all escape. volodymyr zelenskyy urging his troops to hold on to the vital donbas region. he says what happens there will decide the whole war >> if you cyber bully someone in japan, you could face up to a year in prison lawmakers there just passed the rule this week it comes after a japanese reality tv star killed herself two years ago. people had harassed and abused her online this new law set to take effect this summer. in addition to the possible year in prison, cyberbullies can face more than $2200 in fines the law covers insults made offline, too, but experts say those are a lot harder to enforce because public insults aren't always heard by other people how would you rate our service? pretty used to hearing that question these days. we get it from ride shares and food delivery apps, airlines and
on and on. but what if you could rate police officers? we'll take you to a town in virginia trying that out in 1995, microsoft made the terrible decision to launch internet explorer. today, they shut it down for good it's been a long time coming, but if you have ever used internet explorer, you're probably accustomed to wtiaing more on that coming up discover is accepted at 99% of places in the u.s. ["only wanna be with you" by hootie & the blowfish] migraine hits hard, so u hit back with ubrelvy u level up
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you get out of your uber, you rate your driver now, in some towns in virginia, you get pulled over, you rate the cop. two police departments in the state report they have rolled out a program called guardian score. officers are supposed to hand out cards asking for feedback, and every contact with members of the public. people can then rate the officers and their communication and their fairness the police chief in warrenten, virginia, about an hour west of d.c., says the system is improving policing and helping to build trust in the community. here's cnbc's shomari stone. >> here in this small town of warrenten, officer molly kimble patrols, knowing her encounters are rated. >> how are you doing, ma'am? >> the officer re-enacts the typical speed stop the interaction might sound familiar >> you have your license and registration on you? >> but resident pulled over are now being asked to do something
brand-new. >> you can scan this and you'll be able to rate your encounter with me. okay >> officers are required to hand out a qr code located on the back of their business card, asking for feedback on the encounter. some cops were wary at first >> we were all kind of skeptical because we thought it was going to be more negative. >> after the feedback. >> i feel like a lot of us like it i have gotten very good reviews. i think that's just my personality. >> it's something kimble's boss police chief says is a win/win >> ought we started to see is more of a relational type of policing when it came to traffic stops. officers are just a little more personable >> i wrote you a warning for today, okay? >> people can anonymously rate officers in the star base system survey on fairness, listening skills, communication, and they can leave other comments the chief says it helps maintain expectations >> for way too long, good cops
were defined as those who wrote a lot of tickets and made a lot of arrests those of us who have been in this profession for a long time know that that's not necessarily the definition of a good cop >> what about negative comments and how can you check to make sure the rating is fair? and if cops are too generous supervisors check body worn cameras. >> they can go in and review that footage and kind of find out what's going on and make adjustments before it gets worse. >> many locals here welcome the program. >> i actually think it's a great thing to do. in all honestly, especially in today's age, we definitely need to be holding some police officers accountable >> others hope to see it in their communities. >> i think this system here will allow the nation to be able to be the voice and give a more accurate poll on exactly what's going on >> the police department has an average rating of 4.96 out of 5 stars. now, guardian score is also in pennsylvania, and it's expanding
to california. shep >> shomari, thanks >> researchers in china are reporting they have received an out of this world signal and they're saying it could be from alien life the report published yesterday in the newspaper of china's science ministry the sky eye, as they call it, is the world's largest radio telescope. it detected the signal and it was different than anything they have heard before. before you start searching the night sky, the researchers are offering up another possibility. radio interference not as exciting, obviously, but something they're now working to rule out that's expected to take a long time >> some things are just better dead like internet explorer tonight, it's mercifully just steps away from the digital crematorium. it's pulling the plug on the bug ridden browser that everybody loved to hate. it's no surprise a year ago, the company announced it was ending support for the 27-year-old app.
now it's pushing users to the new new, microsoft edge. good luck, microsoft 65% of the whole world uses google chrome now. so no more hitting the start button and looking for that big e with weird sideways halo you were slow as molasses in the snow, explorer you crashed all the time, and for hackers, you were easy pickings the real news is you survived this long. now you're joining the internet has-beens in the incinerator remember the palm pilot, the dial-up modem, that was a gem. someone always picked up the phone in the other room and ruined everything. blackberries, actually fond memories there not true, you, internet explorer don't trip climbing into the fire there, ie oh, you were the star of the web's awkward phase, but you aged like teeth. like lettuce milk, even but you did help us download google chrome, so thanks, and
byeee. >> i don't know how long end of the program is coming the federal reserve announcing that highest interest rate hike in decades three-quarters of a percentage point. it's an aggressive move to try to combat red hot inflation. the man accused of killing ten black people in a buffalo supermarket facing federal hate crime charges. and the january 6th committee set to hold another public hearing tomorrow at 1:00 p.m. eastern it's expected to focus on the pressure campaign on vice president pence to block the certification of joe biden's victory. now you know the news of this wednesday, june 15th, 2022 i'm shepard smith. follow us on thegram and the twitter at the news on cnbc, but not the internet explorer. e. tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx.
before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ask your rheumatologist about cosentyx. (fisher investments) it's easy to think that all money managers are pretty much the same, watch me. but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades.
(fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ and we're from portland, oregon. and we met and started dating in college. i've always been passionate about women's issues, specifically the challenges facing women living in developing economies. so, after university, i took a huge leap of faith and moved to uganda. the greatest need for women in uganda is educational and economic opportunities. so, i decided to do something about it. liz isn't afraid to take risks.
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