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tv   The News With Shepard Smith  CNBC  June 17, 2022 7:00pm-8:00pm EDT

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we are seven days over. i take good news for stocks when either front would be right on time here. i'm not saying either scenario is inevitable, but they are both very real possibilities that you need to consider with starts now another shooting devastates an american town i'm kelly evans in for shepard smith. this is the news on cnbc >> amid a nationwide explosion in gun violence, yet another american community shattered by a mass shooting. >> the person that subdued the suspect in my opinion is a hero. >> tonight, the details on the loss of life and the search for answers. the senate stands adjourned until tuesday, june 21st >> lawmakers leave town without a deal on new gun laws why one republican who walked out of negotiations says he's done talking
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>> kids under 5 one step away from access to the covid vaccine. >> young children can still suffer the severe consequences of covid-19. >> now, pediatricians, parent, and pharmacies get ready for the rollout. vince mcmahon steps aside from the wwe as the company investigates misconduct claims against him. pete williams on the watergate break-in 50 years ago today. >> the bible that helped one family track its ancestors' journey from slavery and meet the bus stop pops live from cnbc, the facts, the truth, the news with shepard smith. >> good evening. a gunman opening fire at a church in alabama. senior citizens gathered there for what they called a boomers potluck. they sat eating with their fellow churchgoers last night
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when investigators say a 70-year-old man opened fire. >> at some point, he produced a handgun and began shooting, striking three victims >> police in vestavia hills just outside birmingham say two of the victims died yesterday and the third died today they arrested the suspect at the scene. the district attorney has just identified him as this man, robert smith smith with a massive black eye in this mugshot. the d.a. announced warrants against him for capital murder of two or more people and tonight, police said they were carrying out a warrant at a home in vestavia hills. we're also learning more about one of the victims, walter rainy. his family released a statement saying his wife of 61 years was with him at the church they say she held him in her arms, whispering words of comfort and love to him as he died the shooting comes during a major push for new gun laws on capitol hill but lawmakers are leaving town for the long weekend without an
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agreement. in a moment, ylan mui on where negotiations do stand, but first, cnbc's valerie castro now on the grieving community. >> the prayerful gathered at st. luke's church in vestavia hills to mourn the lives lost on thursday morning at a sister congregation >> we're deeply saddened we're horrified. and we pray for those who have been affected. and we're going to do everything we can to support them >> vestavia hills police say the 70-year-old suspected gunman, an occasional church attendee at st. steven's opened fire there with a handgun in an evening potluck. three people in their 70s and 80s were shot and later died the suspect was restrained by another church member until police arrived >> it was extremely critical in saving lives the person that subdued the suspect in my opinion is a hero. >> the tragedy shattering the safety and security of a community realizing it's not
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immune to the gun violence plaguing the country >> it definitely scares people, especially people that know people that were at that church, know people involved i mean, i think it's really scary. >> i don't look at gun violence is out of control. i look at it as people are out of control >> the calls continuing for lawmakers to enact change. >> i think there's something everybody can do to try and help prevent this from happening, but my message to them would be, work hard. >> for the news, i'm valerie castro >> vice president kamala harris visiting the tree of life synagogue in pittsburgh today. that's where a gunman opened fire during morning services nearly four years ago. police say he killed 11 people and hurt 6 others in an anti-semitic attack. after that, people across the country called for changes to our nation's gun laws, just as people are doing after a string of attacks in buffalo, uvalde,
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and elsewhere. a group of senators have made progress in negotiations but now they're leaving town without a deal hammered out, and one republican leader says he's done talking. senior congressional correspondent ylan mui now ylan >> kelly, the longer this takes, the less likely it becomes lawmakers left town without that final agreement on addressing gun violence, and now the key republican in those negotiations, senator john cornyn of texas, is facing the fury of voters back home just listen to the heckling he got today at the state gop convention >> so let's take our country back, starting with congress in november thank you. god bless you. and may god continue to bless our great state of texas so you heard the crowd there booing and chanting, no red flag that's a provision that would allow states to stop people
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deemed an extreme risk from owning a gun red flag laws are already in place in 19 states and the district of columbia congressional negotiators are discussing how to incentivize more states to pass them and how to still provide money to those that don't another sticking point is the so-called boyfriend loophole that would prevent dating parpart par partners from owning a gun if they're districted of domestic violence right now, federal law only covers spouses and live-in partners >> we see lives saved as a result of including boyfriends or dating partners in this provision of the law at the state level. so we should expand it to include the federal law as well. >> the lead democrat in these talks, senator chris murphy, still sounds optimistic. he said the group is making progress and working through the final road blocks. but kelly, they're running out of time to get this through the senate before everyone leaves for july 4th >> ylan mui reporting.
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thanks the january 6th committee is now cooperating with the justice department and could soon start sharing transcripts of its interviews with winces it comes just two days after the doj sent the committee a letter saying it was critical for federal investigators to receive all transcripts of all interviews over the past couple weeks, we have heard bombshell testimony during the committee's hearings, from former president trump's inner circle, including his closest advisers and his own family in a statement, the committee spokesman said we believe accountability is important and won't be an obstacle to the department's prosecutions. >> former white house trump t guilty to two contempt of ng congress charges today navarro has refused to comply with the january 6th committee's investigation. the federal charges stem from his refusal to testify and turn over documents and evidence. he has openly admitted spearheading efforts to overturn the election, including hatching a plan nicknamed green bay sweep. but he insists he can't comply
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with the january 6th committee's subpoena because former president trump invoked executive privilege. >> i thought we could handle this matter in a civilized way dealing with constitutional issues obviously, being put in leg irons and having people want to put me in prison have changed matters. >> navarro has slammed the charges against him and compared the fbi and federal prosecutors to stalinist russia. if convicted, navarro faces up to a year in prison for each charge >> the january 6th committee continues its public hearings on tuesday with a focus on the pressure campaign at the state level to change the election results. full coverage here that night on the news this weekend is going to be a hot one. meteorologists predicting another wave of dangerous heat that will sweep through the u.s. tomorrow high 90s into the 100s expected across the central u.s and it's already been a sweltering spring.
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right now, meteorologists predict multiple cities across the southwest through eastern texas are on track to have the warmest june ever. and this summer is only going to get hotter nearly three-quarters of the u.s. have longer heat waves today than 50 years ago. adam dell roso with us, senior meteorologist at accuweather what can we expect >> you said it simply, more heat and it is not going to feel pleasant at all, as we head through our father's day weekend and already this month, across the country, so many of us feeling these excessive temperatures as well as humidity we have broken nearly 400 record high temperatures so far this month. as we head through the weekend, and into the middle of next week, we're expecting more than 100 additional records to be broken today, some of that worst heat across the mid-atlantic into the tennessee valley, into the desert southwest we were well into the 90s, into the triple digits, challenging those record highs, and it's not just the heat.
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the humidity as well, especially across the southeast into the plains where we have dew points up into the 60s and 70s. now, dew points tell us how much moisture there is in the air the higher that number, the more tropical and sticky it feels and the more difficult it is to cool down. so whenever your body naturally tries to sweat, that will evaporate, cool you down when you have dew points that high t is that much more challenging to cool off. therefore, it becomes a lot more dangerous. that's why we have heat advisories across the southeast. even into the upper midwest and the northern plains, excessive heat watches as we head toward the end of our father's day weekend and into early next week where accuweather real-feel temperatures are going to be well into the triple digits. about 20 degrees above normal. this is the reason why we have this area of high pressure, higher up in the atmosphere, and whenever you have high pressure aloft, that creates sinking air. sinking air warms. it's like walking into a crowded room and all that body heat kind of just exacerbates those issues so that's what's going to be
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happening, not just through the weekend but through the middle of next week, the core of heat shifting back to the northeast after we get a little cooldown here this weekend for us across the great lakes and the northeast, but that core of the heat still going to be across the plains as we head through our father's day weekend austin, texas, for example, high temperatures staying in the triple digits all the way through monday that's about 10 degrees above normal for us. elsewhere, we get to 96 in el paso, 102 in phoenix 92 in kansas city. going to come with sunshine. you're doing something with dad, make sure it involves the ac or a pool >> going to say, a lot of stress on the electric grid adam dell roso, thanks >> 18 million kids across the country still not eligible for a covid vaccine. but that's likely about to change tonight, the decision that could have shots in little arms by tuesday. and nearly a dozen navy officers fired in the past few months but the pentagon refusing to say why. and he's serving decades in
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prison, but former usa gymnastics dr. larry nassar wants to appeal his conviction for sexually assaulting young women and girls. today, a court decides whether that will happen what's on the horizon? the answers lie beyond the roads we know. we recognize that energy demand is growing, and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, through investments and partnerships in innovative solutions. like renewable natural gas from cow waste, hydrogen-fueled transportation, and carbon capture. we may not know just what lies ahead, but it's only human... to search for it. with his citi custom cash℠ card, dan earns cash back that automatically adjusts to where his spending is trending. just ask stepping outside his comfort zone dan... okay, i don't- i don't know where the hole for this is. ...or fourth time streaming that period drama dan... you just made me miss her best line, so now i'm going to have to start it again ...even insisted he didn't need directions dan.
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okay, i'm not lost. i'm exploring. that said, do you know where i am? earn 5% cash back in your top eligible spend category, up to $500 spent each billing cycle. with the citi custom cash℠ card. america's youngest children one step closer to getting a layer of protection against covid-19 today, the fda authorized the moderna vaccine for kids 6 months through 5 years old and pfizer's vaccine for children 6 months through 4 years old. now, all eyes are on the cdc the agency's advisory committee is set to vote tomorrow, and if the cdc director then signs off, health experts say about 18 million children could get a shot as soon as next week. cnbc's meg tirrell covers science and medicine for us. good to see you, meg how will the rollout work? >> well, kelly, this one is going to be different from what we have seen for older age groups the first reason is there are
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likely going to be two different vaccines available and they're not exactly the same moderna's is given as two doses over the course of a month while pfizer's is three much lower doses over about three months the fd ars's top vaccine regulator was asked today which one he would choose. >> i think they each have their own nuanced benefits and risks compared to each other it may be that the moderna vaccine brings an immune response slightly more rapidly on the other hand, the three-dose pfizer regimen may also bring a greater immune response after the third dose. >> but he said the best answer is whichever one your health care provider has. that's another major difference in this rollout, where kids and babies are likely to get the vaccine. many of the mass vaccination sites have wound down meaning parents will need to rely more on pediatricians andpharmacies
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for access for pharmacies according to a doctor, a pharmacist association ashp, they're only authorized to provide vaccines to kids age 3 and up >> even for parents with children 3 and older, they may want to call in advance just because pharmacists aren't always equipped with the resources or staff to take the time and attention it may need to immunize some of the smaller children so call ahead. see if your local hospital or children's hospital is holding a clinic your pediatric office may also have supply of vaccine >> cvs told us vaccinations start at 18 months for their minute clinics which are staffed by clinicians. there is expected to be plenty of supply, especially as polling suggests only about a fifth of parents of kids this age have said they want the vaccine right away but it may take a little calling around to find kelly. >> a lot more big decisions for parents to make. meg, thank you very much the navy firing nearly a
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dozen officers in less than three months due to what it calls a loss of confidence in their ability to command it reports it fired five of the officers in a single week. experts tell nbc news this string of terminations is unusual but it's not uncomfrn the navy to relieve officers the navy reports an average of about 17 commander officers have been fired every year since 2011 the terminations come after a string of suicides on the uss george washington. at least five crew members died by suicide in the last year. raising concerns about a mental health crisis within the service. but none of the leaders fired in the past few months served on that ship. the navy did not report more on why it relieved the officers, but it stressed the importance of trust and confidence across all chains of commands millions of u.s. service members faced exposure to toxic burn pits in afghanistan and iraq in the past two decades now, senators have passed a bipartisan bill aimed at helping them deal with lasting health
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issues next, the bill goes to the house where speaker nancy pelosi says lawmakers will move swiftly to get a vote done. the law would make it easier for veterans to get health care for illnesses and cancers commonly linked to burn pits. it would strengthen federal research on toxic exposure and also make it easier for troops exposed to agent orange in vietnam to finally get treatment. the military routinely used open burn pits like these during the iraq and afghanistan wars. troops burn trash with dangerous materials like plastics, rubber, chemicals, even human waste. it's illegal in the u.s. the department of veterans affairs estimates more than 3 million veterans were exposed to toxic fumes. the supreme court of michigan denying former usa gymnastics doctor larry nassar's final appeal the justices handing down an order on his sexual assault convictions today. writing, we decline to expend additional judicial resources and further subject the victims
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in this case to additional trauma nassar's team argued he faced mistreatment during his trial. they pointed to public officials calling him a monster who would wither in prison but the justices said that did not have an effect on his sentencing and denied the appeal. the former doctor pleaded guilty more than four years ago to abusing ten of them. he's currently serving up to 175 years in prison. hundreds of women and girls, including olympians aly raisman, simone biles, and mckayla maroney, all accusing him of sexual abuse >> a recession not inevitable. that from president biden during an interview with the associated press. america's ceos have a different view according to a new survey by the conference board, more than 60% think one is coming or is already here so what does it mean for an already hectic housing market? the lessons we learned from the great recession already providing a cushion. and it was one of the biggest scandals in american history coming up, a new look at the moments that led ttho e
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anxiety hitting the real estate market. according to a new survey from data platform, 81% of americans say it's hard to find a home to buy or rent right now, mostly because of high prices mortgage rates are a big part of that they're rising at the fastest pace in decades. home sales are suddenly slowing, and data shows new home construction in may declined more than analysts expected. so is housing in for the same kind of crash we saw in the great recession? here's cnbc's real estate correspondent, diana olick >> during the great recession, when home prices positively crashed, millions of homes went into foreclosure that was because the mortgages holding up the housing market were a mess. lenders were basically giving anyone a loan. not so since then. for the 53.5 million first lien home mortgages in america today, the average borrower credit
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score a record high 751, below 700 back in 2010 thanks to the recent run-up in home prices, those borrowers have record tapable home equity, how much you can take out of your home and still leave 20% exwitty in it. $11 trillion in total, up 34% from a year ago. that's a significant cushion in case home prices soften or even fall >> if the economy were to slow significantly, then we could potentially see a home price dip, but that's not my base case my expectation is we'll see home prices grow. >> during the great recession, 1 in 4 homeowners was under water on their mortgage, meaning they owed more than the home was worth. >> so when it comes to the financial position of homeowners in the aggregate, housing is on really solid footing right now >> so what about the riskier loans? well, there are just 2.5 million adjustable rate mortgages outstanding today. compare that to 13 million in
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2007, just before the housing crash. a little more than half of those today are about to reset to higher rates so there is a risk but back in '07, about 10 million of those were resetting higher mortgage delinquencies are at a record low, just 3% of loans, which is actually less than before the pandemic. the real risk to housing right now is affordability and recession. prices are still so high that some new buyers just can't get in, and sky high rents make saving for a down payment very difficult. as for current homeowners, if a recession hits and people start to lose their jobs, then they may struggle to make their payments, especially if they stretch to buy that home in the first place. kelly. >> diana, thanks president biden weighs in on the americans missing in ukraine. and it's not what their families want to hear covid, it changed a lot of things, including the way we get sick how other viruses are starting to act that has doctors concerned. vince mcmahon stepping aside
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as head of wwe as he faces an investigation into misconduct, tonight, the allegations being looked into and why the brash billionaire is doing something that will have the wrestling world and maybe some lawyers tininung don't like surprises? [ watch vibrates ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity.
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["only wanna be with you" by hootie & the blowfish] discover is accepted at 99% of places in the u.s. ["only wanna be with you" by hootie & the blowfish] 50 years ago today, watergate began to unfold. it became one of the defining event of the 20th century. a political scandal that rocked the nation and brought down president richard nixon.
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the only u.s. president in u.s. history to resign. to mark the occasion, nbc justice correspondent pete williams went back to the scene of the crime he was joined by the two police officers who caught the watergate burglars red handed on june 17th, 1972. >> early in the morning 50 years ago, these two men were washington, d.c. police officers responding to a report of a break-in at the headquarters of the democratic national committee. walking through these very same halls, they didn't know what to expect >> do i think we're on to something? yes, but i have no idea how big it's going to be >> no idea that the arrests they made that night would lead to the discovery of a political scandal that ended with richard nixon becoming the only american president ever to leave office in the middle of his term. >> therefore, i shall resign the presidency effective at noon tomorrow >> watergate changed the american political system and the very language of scandal
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at first, it looked like a petty crime, five men arrested june 17th, 1972, after breaking into the national democratic party headquarters paul leaper and john barrett responded to the police radio call, while they were on regular duty as part of a plain clothes detail a security guard at the watergate office building called police after noticing that someone had used tape to prevent the stairwell doors from locking. with guns drawn, they searched room by room in the suite of democratic offices now occupied by a publishing company until they came to a room of cubicles. officer john barrett suddenly saw an arm >> i yelled something to the effect, get your hands up, et cetera, et cetera. expletive deleted i'm sure, and paul came in jumped up on a desk, pointed his gun down the five hands go up here >> this photo shows the actual desk the watergate burglars hid behind one of them was holding a
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raincoat and wouldn't drop it. barrett feared it was hiding a gun. >> he dropped the coat, he didn't have a gun in his hand, but it was precarious at that point. it was like really bad i was almost getting ready to let a round go >> you're thinking this might be a burglary what do you think when you see five guys stands up in suits >> these guys all look like business people. so i'm thinking is this some kind of international thing? >> like spies? >> i don't really want -- i know i'm in something big >> the white house at first called it a third-rate burglary that soon became clear something bigger was involved, even though all these years later it's never been firmly established who ordered the break-in or what the purpose was. from the beginning, the question was how high up did it go? as the scandal moved up to nixon's aides, he claimed he knew nothing that began to unravel thanks to facts uncovered by bob woodward
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and carl bernstein a year later, they opened senate hearings john dean said nixon knew about efforts to cover up the break-in >> i began by telling the president that there was a cancer growing on the presidency and if the cancer was not removed, the president himself would be killed by it. >> then, a spectacular discovery, virtually all important oval office conversations were recorded on audiotape, because president nixon had ordered the installation of recorders. >> good evening. the country tonight is in the midst of what may be the most serious constitutional crisis in its history. >> when a special prosecutor, archibald cox, pushed to get the tapes, nixon wanted cox fired. both the attorney general and deputy attorney general refused to do it and quit. in what became known as the saturday night massacre. under an order from the supreme court, the white house eventually turned over the tapes in july 1974 after a house committee voted to impeach and key republicans told
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nixon they had lost faith in him, the 37th president of the united states resigned and bid a tearful good-bye to his staff. >> always remember others may hate you but those who hate you don't win unless you hate them >> many of the president's top aides were convicted for their role gerald ford gave him a full pardon it started with a routine police radio call and two very surprised policemen. >> the thing kept growing, in my mind i'm thinking about every hour or so, my god, what are we involved with here? >> for the news, i'm pete williams >> i'm kelly evans in for shepard smith. it's half past the hour, here's what's making the news on cnbc vladimir putin lashing out against the u.s., his new message as the eu takes a step
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that ukraine's president says brings victory closer. >> the crypto crash. cnbc's kate rooney in miami with a look at the impact on the city and what its pro-crypto mayor is saying now >> first, scandal rocks the wwe. vince mcmahon, the billionaire ceo and primary shareholder of world wrestling entertainment, stepping back temporarily from his leadership roles within the company. he'll be stepping aside while there's an investigation into alleged misconduct "wall street journal" reported they're investigating hush money payments he made to a former employee, but wwe reports mcmahon will maintain control of the company's creative storylines while under investigation. in typical brash mcmahon fashion, he's not going quietly. the wwe reports he'll appear tonight tive on smackdown in character to address the
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scandal. a source familiar with the matter told cnbc reporter alex sherman that mcmahon has torn up the script for smackdown that was written last night the company reports mcmahon has no intention of making this leave permanent. cnbc's perry russom now on the shake-up at the wwe. >> wrestle mania >> the man who created a wrestling universe where he fought a future president and faked his own death is now facing a real investigation into allegations of executive misconduct the "wall street journal" reports that wwe is investigating a secret $3 million settlement that vince mcmahon agreed to pay a now former employee who mcmahon is accused of having a consensual affair with. the journal reports according to an email sent to wwe board members, mcmahon initially hired the woman at a salerally of $100,000, but increased it to $200,000 after beginning a sexual relationship with her according to the journal, a separation agreement prevents
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the woman from discussing her relationship with mr. mcmahon or disparaging him. the journal reports that wwe's board started investigating in april and found older, nondisclosure agreements involving claims by former female wwe employees of misconduct by mr. mcmahon and one of his top executives, the head of talent relations at wwe. mcmahon says in part, i pledge my complete cooperation to the investigation by the special committee and i will do everything possible to support the investigation. his daughter stephanie mcmahon is now taking over the family business, as the interim ceo and chairwoman >> we're going to start building intellectual property business >> mcmahon has been called the p.t. barnum of wrestling, taking over the company in 1982, selling out arenas and building wwe into a billion-dollar business >> long reach forward thinking company. >> the wrestling powerhouse has broadcast partnerships with companies including fox and peacock. the streaming platform for nbc
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universal, cnbc's parent company. >> one day, we hope to be recognized as the premier source of sports entertainment in the world today. >> and the journ sl reporting the woman never filed a harassment claim against mcmahon and it was his money in the settlement no response from lauranitis. >> president biden says the u.s. doesn't know where the missing americans are in ukraine >> i have been briefed we don't know where they are, but that's why i reiterate americans should not be going to ukraine now. say it again americans should not be going to ukraine now. >> today, russian state media released these images of the two missing u.s. veterans. their names, alex and andy they volunteered to join the fight against russia in ukraine. their families say they haven't heard from them since last week. the state department spokesman
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saidyard they were looking into the possibility of a third missing american in ukraine. meantime, in st. petersburg, the russian president, vladimir putin, spoke today at an economic forum he slammed the united states, calling it a fading world power that treats its allies like colonies the russian leader also said the west's sanctions failed to weaken the russian economy >> in kyiv, the british prime minister boris johnson made a surprise visit to the presidential palace, where he met with the ukrainian president, volodymyr zelenskyy the visit comes as ukraine moved a step closer to becoming part of the european union. today, the head of the european commission recommended that ukraine becomes a candidate to join the bloc. it's the first formal step in a process that normally takes longer than a decade zelenskyy said the move brings his country closer to victory. >> the british government has approved the extradition of wikileaks founder julian assange to the united states to face espionage charges. back in 2019, the justice
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department charged assange with illegally obtaining and publishing classified government documents about the wars in afghanistan and iraq on his website. but he's been sitting in a london prison for nearly three years now as he fights extradition. assange now has 14 days to appeal and his lawyer says he plans to do so assange's family and supporters insist he's a journalist protected by the first amendment and that posting those documents was journalism, not a crime. here's his brother today after the decision >> today is a dark day for democracy. uk government today has decided that journalist and publisher can be extradited from their country for publishing evident of war crimes, torture, and corruption >> if he's extradited and convicted in the u.s., assange is facing up to 175 years in prison covid has impacted the lives of billions across the globe now, the policies used to fight
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it appear to be causing other viruses to act differently more than two years into the coronavirus pandemic, familiar viruses are acting in unfamiliar ways that according to "the washington post. the newspaper reports the upheaval is being felt in hospitals and labs, doctors are rethinking routines, including keeping preventative shots on hand into the spring and even summer one troubling example, the flu it practically disappeared due to koed protocols but now flu cases are rising in some parts of the country as we head to the summer months. dr. vin gupta joins us now he's an nbc news medical analyst. doctor, thanks how concerning are these changes? >> kelly, good evening thanks for having me this is what i would say you know, we experienced last summer kids here in seattle, there was a surge of respiratory virus, almost like kids flu, a different type of virus that affects kids primarily, young babies
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we saw a spike in july and august, highly unusual behavior for this type of virus influenza a in australia, where a flu virus is usually originated in any year, a peak two months before their usual peak in august why is this happening? it's the hygiene hypothesis. especially young people, they benefit from seeing viruses, bacteria that we tickically haven't seen over the last two years because they have been masking and distancing that type of exposure builds up their imumunimmunity, it preven hospitals from seeing surges when they shouldn't be seeing those surges and that's why we're seeing here. so yes, there are costs here from the pandemic related initiatives, the policies, and now that's why we're seeing these unseasonable spikes. >> are the viruses themselves morphing are our bodies changed by covid and their response to them, or is the the interplay between covid and these viruses creating different effects? >> it's not that the viruses are morphing
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it's just predominantly amongst kids, we're seeing in new haven add yale university, which "the washington post" highlighted, we're seeing children specifically are coming in with some of these respiratory viruses like rsv, flu, covid, of course, at times here as we're heading into the summer they shouldn't be coming in with these viruses. it's primarily because they don't have natural immunity. while we took the covid related protocols, masking, distancing, for appropriate reasons, dealing with a pandemic that cost a lot of loss of life, the con here is we're losing out on the hygiene hypothesis this is not morphing of the viruses themselves, a lack of natural immunity, especially for young kids us adults, we have seen a lot of these viruses for many years so we have built-in protection, but young kids especially don't have this >> is it just a one-time reset or should we expect this to be a chronic issue? >> i think it will take a few years for us to reach a point where kids have seen some of the
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viruses we normally see, don't think about, and have built-in protection it will take a few years to regain that footing. until then, expect we have to intermittently mask, expect this pipeline of therapeutics and vaccines targeting covid, that we'll need more of the pipeline for other viruses. tests that can sense for more than just covid, that can test for covid, flu, and maybe rsv down the road. we have to have a broader tool kit. >> even vaccines for rsv we're definitely familiar with it in my household thank you tonight. remember the miami bitcoin bowl laser eyes and everything? this, a sign that miami was all in on crypto, well how is that working out now? cnbc's kate rooney went to find out. her reporting on the crypto winter in south florida. what drives you? what do you want to leave behind? what do you want to give back? what do you want to be remembered for?
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he's off to a turbulent
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start. >> u.s. airlines canceled 3100 flights delayed and delayed more than 1600. it's a day after severe storms delayed and canceled thousands more that's data from tracker flight aware. it's been a choppy ride for airlines amid a pilot shortage and a surge in passenger travel. gm announcing it will increase the price of its electsric hummer by $6200. the automaker blaming the price hike on higher costs for parts, tech, and shipping gm reports the nearly $80,000 hummers already ordered, those are exempt from the increase the electric hummer currently goes for at much as $100,000 >> and disney's paxarlooking to create buzz this father's day weekend. lightyear set to hit screens across the u.s it's pixar's first release in theaters in more than two years. lightyear joins maverick and jurassic world in theaters, as the box office tries to continue its post-pandemic comeback theaters looking to take in $100
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million for the fourth straight weekend, something they haven't done in two years. >> today at the pump, a nationwide average of $5 a gallon the good news, it's down for the third straight day the bad news, only about a penny and a half over that time. gas prices up 48 cents from last month and $1.93 higher than this time last year >> on wall street, the dow down 38 points today. the s&p up 8, the nasdaq up 152. another weekly drop for the markets. there's only been one positive week since the beginning of april. it has also been a bad week for crypto bitcoin has lost about a quarter of its value, get this, since monday overall, the crypto market has lost nearly $2 trillion in market value since last november that's according to coin market cap. one city feeling the chill of the crypto winter is miami the mayor there has billed the city as the crypto capital of
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the world. last august, miami launched its own digital currency miami coin but since then, it's collapsed as of tonight, it's essentially worthless. in miami, here's cnbc's kate rooney >> welcome to the future of finance. >> the city of miami rode crypto's bull market up to an all-time high and is being put to the test during the crash one of the worst performers of this crumbling crypto market, miami coin the city's namesake cryptocurrency down about 95% since launching. their mayor, francis suarez, even takes his salary in bitcoin. he talked about this city coin as a potential alternative to taxes. while the project did bring a $5 million windfall to miami t comes with risks >> these technologies are extremely new, so they're always speculative, and so one of the things i have always said is look, you should never invest money on something you don't, a, believe in, or b, you know,
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there is a possibility you could lose that money so it has to be money you're willing to sort of invest in that way >> miami has been looking to lure in top crypto and tech talent during the industry's boom crypto bowl now outside of miami-dade college was one symbol of that hype. crypto has also taken the miami real estate market by storm. people are paying for luxury apartments in cryptocurrencies but crypto winter is putting a freeze on some of those. >> about a month ago, everything was on track lately, things have slowed down. what everyone says is instead of watching and waiting for an apartment, they watch and wait for the market >> then there's miami's famous party scene. nightclub 11 charges at least $50,000 for a table, and has become a hot spot for wealthy crypto investors the club tells me it's not seeing as much crypto spending but it may be too soon to tell if that's because ofthe crash or a seasonable slowdown >> i think in general, obviously, you know, the world is in a little bit of pain right
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now. so i am seeing it. i'm not sure if it is going to gravitate to the high-end night life or not yet. >> there are certainly crypto investors feeling the pain here in miami, but many are still holding on to optimism people have bet their careers on this technology, and they see it as a decades-long investment >> kate rooney reporting for more analysis, casey newton now, founder and editor of pla platformer good to see you. more than a trillion dollars in crypto losses. who's paying the biggest price for that right now >> a lot of people feeling the hurt right now i think when you look at some of the biggest projects involved, we have the collapse of tara and luna it turned out a lot of or at least a small number of hedge funds that spent hundreds of millions of dollars acquiring large positions in those, so we're starting oo see some of that unwind. as that unravels, how many more people and companies are going to get caught in its wake.
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>> do you expect class action lawsuits to come from the crash by investors who feel burned >> i do, because of course, some of the crypto products that have been sold over the past few years are probably unregistered securities it's illegal to sell those, and the s.e.c. has sort of been warning us the whole time, look, if things go bad, you're going to be on the hook for some lawsuits in the early legal battles, we haven't seen too much progress there, but it sure seems likely that now that so much money has been lost, those losses are going to start coming. >> as many of -- much of this gets sort of swept away, should we expect certain coins or nfts to have staying power? >> you know, it's a great question sometimes people talk about blue chip nfts, the yacht club is sort of the standard bearer there, and so sure, i think that, you know, those will probably be some of the last nfts to lose all their value, but go ahead and look up the trading charts for those those haven't been performing too hot as well.
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so this crypto winter that we may be entering seems to be hurting folks across the board >> will this permanently alienate the young investors who believed in this asset class or are they still hanging on? >> it's a great question absolutely religious belief in the power of crypto these folks think this is going to be the next financial system, and they're already on twitter bragging about how they have already been through three crypto winters before this one and basically bring it on, so we'll see what happens over the next six months but i expect there will be a lot of people in crypto next year >> it will be hard without as much fed liquidity as we have had for it to make a huge comeback casey, thanks. >> five generations, one bible the discovery inside its pages that unlocked a family's history and caught the eye of the smithsonian. wake up, brush your teeth, make coffee. mornings can be a little routine, unless you're one of these guys coming up, meet the bus stop
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on june 19th, 1865, union troops arrived in galveston bay, texas, two years after president lincoln issued the emancipation proclamation, they read aloud from a document known as general order number 3 a document proclaiming that the thousands of enslaved black people living in the state were free the day became known as
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juneteenth, and this year, for the second time, the nation is recognizing it as a federal holiday. in dallas, the only known original copy of general order number 3 will be on display to the public it will remain there through the end of july. >> for one family, juneteenth has special meaning this year. they discovered an old family bible that had notes from an enslaved ancestor that had five generations of births, deaths, and marriages, and now their history is being preserved at the smithsonian. here's cnbc's shomari stone. >> very proud and excited. >> denise diggs feels a sense of pride as she sits in her living room near los angeles. >> part of my family history has been discovered and is now going to be a part of that history of juneteenth >> her family donated this bible from the mid-1800s to the
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smithsonian national museum of african american history and culture. >> when i saw the bible, it really brought tears to my eyes thinking about the fact that my great grandfather's legacy was going to carry on, and that people from all over the world that visit that museum will be able to see it >> denise's sister-in-law found the aged bible three decades ago in an old box, written on the discolored tan pages she found the name of her great grandfather, richard george collins, born into slavery in 1844 in alabama. he wrote down all his family's names, birth dates, and marriages, over five generations. the notes helping denise and her brother richard diggs research their lineage. >> it's a wonderful experience, but it's a very difficult experience because you run into a lot of road blocks you start with very small pieces of information and you try to find connecting pieces of information. >> richard diggs says collins escaped from his slave holder,
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enlisted in the union army, and after the war, moved his wife and kids to texas. scholars say this bible is extremely rare >> this is a gold mine you're talking about a very small group of black folk that were freed as slaves by the time emancipation takes place where they're able to read and write >> the bible sits on display for all to appreciate. as tourists stop and reflect >> i was kind of proud that this man saw the importance of making sure that his family's names and history was preserved. >> i want people to know that we have a rich history in this country that's worth knowing i believe that the more people get interested in that, the more the barriers between us might drift away >> shomari stone, thanks well, it's father's day weekend, time to give a little extra appreciation to all the special guys in your life.
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while many dads go above and beyond for their kids, two men in maryland are raising the bar just a little higher they call themselves the bus stop pops. after meeting at the start of the school year, they created a monday to friday tradition of sending their kids off to school with a little something extra. local reporting now from wbal in baltimore, and their reporter, jennifer >> the last day of school is always exciting, but for these jacksonville elementary students, the bus stop has been fun all year thanks to two dads who call themselves -- >> bus stop pops we're just two dads with a little too much time who want to make our kids laugh. >> they do it by surprising the kids wearing different costumes each week. adam and nick met when their girls started kindergarten this year, and a friendship and an idea was born. >> our bus actually picks our kids up, goes down the street and passes us back by, so we sit and wsit to wave. >> we were joking around one
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day, saying wouldn't it be ridiculous if we were in some sort of silly costume for the kids >> so it began each week, a different theme >> we did upside down hand stands, we have done gorillas. a tyrannosaurus chasing archeologists. that and the elf on the shelf. >> the water balloon thing with the pie in the face. i liked the pie part the best. >> are they crazy? >> yes >> i think it's super cool we didn't know what to think at first, but i think it's turned into something really special for the kids >> we never know what they're going to come up with, but every week they always end up topping the last >> boarding the bus for the last time, the kids head to the cul-de-sac to turn around. as the bus stop pops prepare their final surprise for the end of the school year >> it's not to the point where we're embarrassing our kids yet, but it's going to be more fun wince we start >> for the news, i'm jennifer
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francioti. >> to all our dads and grand fathers and all the people on our team who are dads themselves, we want to wish you happy father's day i see so many different people as their fatherly and grandfatherly best as we pan around, we'll even catch a glimpse of shep and shep's dad, and there's nick l the familiar faces all part of the crew here. we keep going all the way around, my dad, happy father's day dad, with my mom and our kids every time, i get teary. that's our show for this friday. june 17th, 2022. i'm kelly evans in for shepard smith. follow us on instagram and twitter at the news on cnbc. odppy father's day, everyby. and have a great weekend we'll see you back here on monday ♪♪
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