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tv   At This Hour With Kate Bolduan  CNN  January 3, 2019 8:00am-9:00am PST

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hello, i'm ana cabrera in for kate bolduan. great to have you with us on this thursday. at this hour, the sound you hear is the political glass ceiling being shattered in our nation's capital, and a seismic shift for donald trump's presidency. the new 116th congress preparing to be sworn in just moments from now, making history with a record number of women becoming the most racially and ethnically diverse ever. this new congress also ushering in a new era of divided government in washington. democrats taking control of the house of representatives, ending republican majority rule. that's protected president trump. nancy pelosi expected to make history again, reclaiming her powerful role as speaker of the house. and saying this morning that she won't rule out the possibility of an indictment or an impeachment of president trump. all of this happening on day 13 of the government shutdown with no end in sight. cnn congressional correspondent phil mattingly is joining us now
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from capitol hill, and phil, break it down. a busy day. what can we expect? >> no question about it. history will be made, barriers will be broken, the house will come into session around noon. the first thing people will keep an eye on is the asession or reasession of nancy pelosi. her vote on speakership will happen at the end of the 12:00 p.m. hour. she's expected to have the votes. she will be the first person to return to the speakership in more than six decades, since sam rayburn. coming to the top of the democratic caucus and leading the house for democrats in a now divided government situation in washington, d.c. she'll also not just have to deal with the white house or senate republicans who still hold the majority, but also her own caucus. you talk about all of the new members that were swept in in the democratic wave in november. some of whom have a very diverse background, not just in their lives but also idealogically. she'll have to deal with that and navigate that over the course of the next coming weeks
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and months. first, right out of the gate, well, you know, you already talked about, the 13th day of the government shutdown. that will be the first major priorities for democrats as soon as tonight, they will vote on two separate proposals to reopen the federal government. those aren't expected to go anywhere in the senate. still controlled by republicans and the president has made clear he rejects them. for new members coming to washington, there's a recognition they have to deal with the crisis essentially right off the bat. it's not just the government shutdown. democrats have made clear while investigations will be something they key on, oversight is a key piece of a co-equal branch of government, they also want to prove to the people who sent them here they can legislate as well. they will move quickly on a package that will include new ethics legislation, campaign finance, something that would require the president, any presidential nominee to turn over ten years of tax returns. you're going to see them start to move quickly right out of the gate. no real expectation that legislation house democrats pass
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has a lot of future, but it's not just investigating they want to take part in. they also want to prove to people they can legislate. keep an eye on the next coming hours. we're talking about potential gridlock and where washington is going from here. also nice to appreciate the changing of power and the new congress and all of these new members. you can see them walking with their families, being sworn in to their first two years of congress. >> that set to happen at the top of the hour. phil, thank you. one thing to watch in this new world order is the power of women on capitol hill. a record number of women. 127, to be exact, are set to take the oath of office minutes from now. that includes the first muslim congresswoman to wear a hijab in the house, who tweeted out this picture. also, the first black congress woman from massachusetts. the first two native american women elected to the house. one of them, sharice davids on the right, is also the first lgbtq woman to represent kansas
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in congress. sunlen, what else do we know about this group of record-breaking women? >> yeah, it is a record-breaking group, no doubt, bringing in new back grnl backgrounds, experiences, definitely new perspective. let's look at the numbers. 126 women will take office today. that's including 43 women of color. and notably here, 106 of those women, they are democrats. just 21 women in the new congress are republicans. and notably, this will be the most diverse congress ever. we have talked a lot about this in the aftermath of the midterm elections. today, 56 african-americans, 42 hispanic and latino members, and 10 lgbtq members. we have heard a lot from these members, the new members, as they're arriving here in washington. i want to highlight one touching moment posted on social media last night. she's one of the first muslim american women here in congress, and she posted this to twitter, this photo with her father last
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night. she said 23 years ago, from my refugee camp in kenya, my father and i arrived at an airport in washington, d.c. today, we return to the same airport on the eve of my swearing in as the first somali american in congress. certainly, many of these historic firsts will be celebrated today. just a few minutes ago, i was on the house side of the capitol where i met up with deb holland, an incoming member from new mexico, one of the first two native americans to take office. here's what she said about this moment. >> tell me about the moment today when you are sworn in. what will you be feeling? you're part of the historic firsts here in congress. >> yes, you know, it's -- it's hard for me to grasp that. so i will -- i'm super proud to be representing new mexico. >> and what you can't see there, she was surrounded by her family there, including her mother.
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and she was in a wheelchair and kind of patting her mother's shoulder. clearly, this is family affair for so many people, especially a lot of these women taking office now. i should say when i spoke with a lot of them in the aftermath of the midterms when they came up here for orientation, a lot of them said, yes, we should take a moment. i hope we celebrate these firsts, but then it's time to move on. >> and politics aside, great to see the infusion of diversity in this new congress. sunlen serfaty, thank you. joining us to discuss further, lauren fox, congressional reporter, and jackie kucinich, washington bureau chief at the daily beast. lauren, pelosi taking over. a new congress in place. what does it mean for president trump? >> well, it's a big change for president trump because you have to remember the first two years of his presidency, he had members in the house and in the senate all republicans supporting him in charge. that changes starting today. and for months, democrats have been plotting how they plan to investigate president donald trump. that will be from every committee in the house, from the
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judiciary committee to the oversight committee, to even the house ways and means committee. the chairman, richard neal, has the power to ask for president donald trump's tax returns using an obscure irs rule. you will expect a major change here in washington today. i don't know if the president even understands how gravely his situation is going to change. >> new investigations about to get under way, the mueller investigation, meanwhile, continues. the justice department guidelines suggest a sitting president can't be indicted. but here's nancy pelosi's take on that. >> i do not think that that is conclusive. no, i do not. it's not the law. everything indicates a president can be indicted after he's no longer president. >> what about a sitting president? could robert mueller come back and say i am seeking an indictment? >> i think that is an open discussion. >> jackie, how significant is her answer there? >> i mean, she's leaving the door open.
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and that said, democrats have also been really careful not to look like they're overstepping their bounds. not to look like they're racing toward impeachment even though there's a liberal member of the caucus going to introduce articles of impeachment today, i'm sure much to the soon-to-be speaker's dismay. what you have heard from soon-to-be speaker pelosi and the incoming chairman of the judiciary committee, jerry nadler, is that they're going to go where the facts take them. they're not going to race toward one conclusion or the other. they're going to exercise, this is a big responsibility. and they're going to be very surgical about what they go after and what they investigate. >> lauren, as we discussed here before, not all democrats support nancy pelosi as speaker. especially some of the new blood. in terms of dynamics, do you expect infighting among democrats like we saw with republicans when they head the majority. >> 2010, you had conservatives
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coming into the new house majority, which in 2010 was republicans. that made an impact. it was difficult for speaker boehner to navigate, and i expect it will be difficult for speaker pelosi to navigate because she not only has young liberal members of her caucus, but she will also have many members who won in districts that the president won in. and if they want to be re-elected in 2020, they have a very different vision than some of those younger liberal members who are coming in. it's going to be a lot to tackle, but you have to remember, nancy pelosi is a tactician. somebody who is very, very comfortable navigating these difficult political waters. expect her to take that on very easily. >> and on the flip side, jackie, what does today mean for mcconnell and republicans, especially in the senate there, who will likely be receiving a cr bill from the house that the senate already passed once, that could reopen the government? >> right now, mitch mcconnell is not bowing to any pressure from his newly minted democratic majority in the house.
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he is saying he's not going to pass, bring anything to the floor that the president won't sign. what will the president sign? we don't know, save what he -- the $5 billion number, which nancy pelosi said is not going to happen. so we're truly at an impasse at this point. and you know, on some level, you can't really blame mcconnell because the president has cut off the legs of republicans a couple times now over the past couple years where there's been indications he's going to go along with something, and then he pulls back. so it really, the more so than i think normally, the power is in the white house to end this shutdown. >> bigger picture for both of you, what do you expect the top priorities to be for the democrats? lauren? >> well, democrats want to prove that they can legislate. that's why, as phil mentioned earlier, they're planning on voting to end this government shutdown today. you know, they don't want this to just be about oversight. they want to prove that they can legislate. they will introduce a bill later
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today, hr-1, and it makes sweeping ethics changes. it deals with campaign finance and voting rights. they want to prove to the american people they were elected to do a job, and it wasn't just to keep president donald trump in check. they want to make sure the american people understand that they can legislate. i think that's going to be their priority starting today. >> jackie, quick final thought. >> yeah, i would say on the oversight front, look for investigations from both oversight and reform and judiciary on the family separation policy. and in addition to that, of course, the intel committee will pick up that russia investigation that they don't feel like the republicans really took that seriously. >> all right, lauren fox, jackie kucinich, thank you both. jackie you're back with me coming up. breaking news. paul whelan, the u.s. citizen held in russia, has been formally charged with espionage, according to his lawyer. cnn's senior international correspondent matthew chance is joining us in moscow with more details. matthew.
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>> thanks very much. in the past few minutes, we managed to make contact with the lawyer, the russian lawyer representing paul whelan in the espionage case against him. he confirm said paul whelan has now indeed been formally charged with espionage under the russian criminal code. and he's being held in prison, which is a big former kgb prison, actually, in a suburb of the russian capital. according to the conversation we had with the lawyer, he said that mr. whelan is in good condition. also his mood is very good, and he's been treated well, according to the lawyer, by the authorities and the prison authorities. they have been treating him well. he wouldn't be drawn on anything about the specifics of the charges against him, so he said he's not allowed to talk about that for legal reasons. but he said that the lawyer, they have applied for bail on the basis of them saying there is a possibility that that bail
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could be granted. that mr. whelan may be permitted to leave that prison at some point. that appeal has not been heard yet. he also said theoretically, the relatives of mr. whelan would be allowed to visit him in that prison. no date yet, he told us, for a court hearing has been set, ana. >> matthew chance in moscow. paul whelan, american held there, now officially charged with espionage. more on that and much more other breaking news right after a quick break. i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal. still fresh... ♪ unstopables in-wash scent booster ♪ downy unstopables
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a book that you're ready to share with the world? get published now, call for your free publisher kit today! welcome back. all eyes are on capitol hill today where in just mome ntsz, democrats will retake control of the house. democrats flipped at least 40 seats in the 2018 midterm
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elections. one seat still sort of up in the air in north carolina. there are record numbers of women who will be sworn in for the first time. first from both parties that are ready to bring fresh voices and energy to the new congress. let's bring in democratic congresswoman cheri bustos, who was the first woman elected to represent her district in illinois. she's also part of the leadership team as chairwoman of the congressional campaign committee. history being made today. what goes through your mind when a woman becomes speaker again and a record 102 women are sworn in as your colleagues in the house? >> i think we're seeing history in the making. . it's not only a record number of women. nancy pelosi is not only the first female speaker in the history of the united states, but she's also the second female speaker in the history of the united states. look, i think by our very nature, we're relationship builders. we want to work together. i don't care if there's a member
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with an r after his or her name, we'll look for ways to come together. i think more than anything, we have to make sure that we build the confidence in congress again from the american public. they look around. i'm standing here in the united states capitol, they see this as a very dysfunctional place. i hope with a record number of women we can make it more functional and do the hard work at hand for people back home in districts like mine, from peoria, from rockford, for smaller towns in between all of that. >> it's important for our viewers to recognize, too, you won as a democrat in a district that trump carried as well. >> i did. >> nancy pelosi said this morning it's still an open question whether a sitting president could be indicted. what do you think? can a sitting president be indicted? >> well, i'm a former reporter. so i did what you're doing for a living. i did that for almost two decades. and as you know, ana, what you do is follow the truth, when it comes to an investigation. we are in the middle or maybe at
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the tail end of an investigation that robert mueller is heading. i don't want to make any judgments on what will happen next until we see what that investigation shows. and i think if we as members of congress follow the truth at every turn, forget about any politics, then we'll end up in the place where we should end up, and i'll just use the truth as my guide. >> it is day 13 of this shutdown now. mitch mcconnell and the president have said that the democrats' plan today to pass a clean cr bill and try to reopen the government is a non-starter. so are you going to have to budge on this? >> well, i don't think you go into any situation and think it's got to be my way or the highway. what i find interesting is we've got the president of the united states, the author of "the art of the deal" yet rather than coming to the table and saying he's willing to negotiate, we sent him legislation before the holidays, and he was unwilling to sign that. we are saying, mr. president,
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we'll give you $1.2 billion toward your wall, which is, by the way, a very incomplete way to address border security, a wall. it's 2019 now. and we have technology. we need to make sure that we have border patrol that is fully staffed. we need to stop the bad actors from coming in to our country, but i come from farmland where we want people to come into our country and work on our farms. we can't fill some of those jobs. so my view on this is that you have to come to the table with a willingness to have a little give and take. and that is what's expected from people, at least from my part of the country, in the middle part of the country. they expect us to sit down and negotiate something that in the end will work. >> at this point, nobody is really negotiating. everybody seems to be dug in, in their corners. i know in your home state, there are more than 6,000 federal workers that could be impacted
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as this shutdown continues. just how long are you willing to let this go before really coming to a compromise? >> well, if i could take the reins and lead this process, i would have it end today. we're going to vote on a package that the republicans in the senate approved before the holidays. not any changes. we've got money in there for border security. >> right, but if the president and mitch mcconnell in the senate are saying that's a snausnau non-starter, what more are you willing to give if you say you're willing to negotiate and willing to compromise. what's the number you're willing to throw out for border security that's above the $1.2 or $1.3 that's already been suggested? >> well, the american public plays a role in this. we're willing to come in and say we've got money for border security. that component of reopening the government we can revisit within a month. there's all kinds of give and take right now that we can have just to reopen the government.
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most of the spending packages will get us through the end of september. we have a shorter term component that will at least get the government open and operational. and we still have another month where the president can say he'll give and take, where we as the democrats in the majority of the house will give and take, and on the senate majority, the republicans in the senate, they have to be willing to give and take as well. this place, again, where i'm standing right now, the u.s. capitol, will not be functioning until we are willing to work together and all of us give a little and take a little. that's how we're going to get the government reopened. that's how we're going to pass a trillion dollar transportation package. that's how we're going to bring down the cost of health care and prescription drug prices and clean up the mess here in washington. it's going to take a little give on each side. >> good to have you with us. thank you, and good luck. we hope bipartisanship does indeed take place in the next 116th congress. >> breaking news we just heard from senator elect mitt romney on capitol hill.
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let's listen. >> certainly, an opportunity for us to work together on things where we agree. i actually said prior to the primary in an op-ed that i wrote in the utah papers that i would work with the president on places where we agree, where we disagreed i would point that out. but that if the president were to say things that were divisive of a significant nature, i would call him out on that, and i have, by the way, in regards to charlottesville, attacks on the media, the roy moore endorsement, the khashoggi attack. and that's the great nature of this representative democracy, which is where we agree, we come together. where there are disagreements, we express those openly and honestly. that allows people to have trust in one another, and i look forward to being able to have a trusting relationship with the president and with others despite differences from time to time. >> have you found more support or pushback? >> that wraps that dynamic day on capitol hill.
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meantime, several women are speaking out about sexism while working for senator bernie sanders' 2016 presidential campaign. up next, details on the accusations and hear what senator sanders has to say about that.
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senator bernie sanders speaking out following a shocking report from "the new york times" that says several women who worked on sanders'
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2016 presidential campaign experienced sexual harassment, pay disparities and targeted disrespect. one woman, for example, claims the campaign surrogate asked to touch her hair and then ran his hand through her hair in a sexual way. when she reported it, she was told she might have liked it if the surrogate was a younger man. another woman says her supervisor marginalized her after she declined an invitation to his hotel room. other claims, women asked to sleep in rooms with male coworkers they didn't know and women making thousands of dollars less than their male counterparts. sanders apologized last night for any mistreatment. >> i certainly apologize to any woman who felt she was not treated appropriately, and of course, if i run, we will do better next time. >> just to be clear, you seem to indicate you did not know at the time about the allegations. is that correct? >> yes, i was a little bit busy running around the country trying to make the case. >> jackie kucinich is back.
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also joining us, political reporter rebecca buck. that was sanders' first chance to address publicly these shocking new allegations in "the new york times" report. how did he do? >> you know, it was the second answer that i think might be more problematic for him, saying he was too busy to know about it. i think that might ring a little hollow, and you could see that coming back to haunt him. because he's not -- it's not the same field that he encountered the last time. there are many younger, frankly, and women who are running who are going to be in his lane, in that progressive lane that bernie sanders really owned the last time. so it's good that he said that they'll fix it if he does this again. but that doesn't mean it will go away. >> what should he have said, then? >> i'm not a strategist. i have no idea, but i will say as someone who has covered a lot of campaigns, both presidential
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and otherwise, comments like that tend to echo frequently. >> rebecca, as sanders is mulling another potential presidential bid, what is the political fallout, do you think, of this news? does it hurt his chances? >> it's hard to know at this stage, obviously. we're two years out still from the presidential election. one year out from the start of the iowa caucuses and the start of this democratic primary process. but the way that this could be damaging, potentially, is not this single event, but if it feeds into a larger narrative about sanders and larger concerns about his campaign. so if you do have this field of so many women running among the democrats, an historic field when it comes to women running for president, and you have bernie sanders, and you know, these very fundamental serious concerns about how he treats women in his own organization and his own campaign, that could be a narrative that develops throughout the course of this campaign and does become
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damaging to his candidacy, especially when on the flip side you have these very strong women candidates and you just had this year in which democratic women across the board, across the country, were winning in these primary races. it was the year of the woman. this is a moment where a narrative like this could really hurt a candidate like bernie sanders. >> not to mention, jackie, since the 2016 campaign, we also have experienced the big me too movement. >> exactly. exactly. it posed me, too, and i should have gotten to this in the last answer, saying i was too busy to handle this, it rings a little hollow. because these women did what they were supposed to do, they reported this. and they weren't treated with any sort of seriousness, at least according to this "new york times" report. in fact, one of them was joking, as you mentioned, he made light of her complaint. post-me too, if you're the top
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of the chain, this has to be handled. it's not an accept way to treat women. not only that, the pay disparity. that has been a huge issue for democratic candidates. if you're -- so if you have that going on in your campaign and people have found out, you say you'll do better, i think it comes back to haunt him if he runs. >> that is the other piece of all this. it wasn't just sexual harassment, but the pay disparity, because bernie sanders has really worked to define himself as a champion of equality, of livable wages. then when you hear women working on his campaign in one instance was making half as much as a man in a comparable position, and his excuse was i was too busy campaigning to even know about this, does that hurt his credibility? >> absolutely. this is where something like this, the quote that we heard from bernie sanders on anderson last night can come back to really hurt a campaign. it's when it directly contradicts the message you're trying to promote as the candidate. when you look back on the 2016
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campaign and for example donald trump's candidacy, you had all these women accusing him of sexual harassment, sexual assault, the "access hollywood" video, and the reason potentially it didn't impact his candidacy more is because it was never a central message of his campaign, that he was a great ally, a great defender of women, but bernie sanders and many democrats, that's a central part of their message, that they're fighting for women's equality, and if you have this narrative that builds that directly contradicts that message, that's where politically it can become extremely damaging to your campaign. >> we have been talking a lot about just how large the democratic pool could be for the 2020 election. are you surprised we haven't heard other potential democratic candidates jumping on this? >> you know, it's a little early. and i think there are -- they're trying to figure out whether they'll run or not. if they're starting to throw
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salvos at the other potential candidates, i feel like democrats right now are focused on unity and getting their acts together in terms of their various campaigns than going after each other. i don't think that this will last. soon enough, they're going to be elbows being thrown all over the place, i'm sure. >> all right, jackie, thank you. rebecca buck, good to have you with us as well. coming up, a shutdown showdown. president trump and democrats digging in for the long haul, with very clear messages that they're not backing down. so up next, where we stand and what it might take for both sides to reach an agreement. are you a veteran, own a home,
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welcome back. the battle over the border wall and the partial government shutdown, neither president trump nor democrats are backing down. they're meeting in the situation room essentially went nowhere. a source tells cnn the president said he would look foolish if he accepted the democrats' proposal to end the shutdown. republican senator lindsey graham agreed. >> he's not going to sign a bill that doesn't have money for the wall. if he gives in now, that's the end of 2019 in terms of him being an effective president. that's probably the end of his presidency. donald trump has made a promise to the american people. >> now, the likely incoming speaker of the house, nancy pelosi, says democrats won't give in either. >> are you willing to come up and give him some of this money
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for the wall? >> no. >> apparently, that's the sticking point. >> nothing for the wall. we're talking about border security. >> nothing for the wall, but that means it's a nonstarter. >> we can go back and forth. no. we say no. nothing for the wall. >> nothing for the wall. joining us now with his insights, josh dawsey, cnn political analyst and white house reporter for "the washington post." josh, what do you know about what went down in that room when the two sides came together? >> well, there was a lot of talk and a lot of cross talk and negotiations. but essentially, the negotiations went nowhere. the president has been fairly bullish that he wants money for the wall or he's not going to reopen the government. and nancy pelosi, as you pointed to the viewers there, is saying she's not giving it to him. neither is chuck schumer. yesterday, there was lots of discussions on how bad things were at the border. obviously, the president and the administration are calling this a crisis, trying to convince democratic lawmakers it's that bad. they obviously agree with the
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way it's being represented from the republicans and president trump. and we're kind of nowhere on negotiations. we're entering almost the second week of the shutdown and things are going nowhere fast. >> the longest shutdown was 21 days. we're on track to meet or surpass that given where wi stand right now. what are you hearing about what the white house goes from here? >> the president has been telling friends and advisers and white house officials he thinks this is a politically winning issue for him and he thinks the shutdown is what his base, his core supporters want. the president really doesn't see any incentive to open the government if he doesn't get money for a wall. a lot of republicans, a hot of trump supporters have gotten a little frustrated that the president time and time again has gotten spending bills that did not get money to finish a wall. the president is concerned that could erode some of his support, and nancy pelosi, she's the speaker of the house today. on the left and among her
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supporters there's no appetite to give in at all. politicians tend to act based on incentives and right now, there doesn't seem to be incentive for either side to negotiate much. >> there's a change that happens today in congress. republicans do not have the majority. does today's reality of a democratic-led congress change anything for the white house and for republicans? >> i don't know that it changes much in the president's posturing. obviously, you're going to see more oversight from democrats in congress. you're going to see, you know, investigations of how they conduct their business. it's going to be hard for the president to get legislation through the house. but the way the president approaches this issue, i don't know that you have much of a change. you have democrats in charge of the house, and i don't know he's going to give in at all here. the president obviously sees this as an issue that's kaurt
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support, on almost every issue, he's reverted to trying to keep his base, to keep his core supporters with him. capitulating without getting significant money for the wall could be seen as eroding that. >> the president hasn't taken many personal swipes at nancy pelosi. i wonder why that is? this is a president that we have reported on time and again is an equal opportunity counterpuncher. and pelosi hasn't been holding back. >> the president thinks that nancea pelosi by all accounts is a fairly sharp and shrewd operator. he knew her before he came to the white house. the other thing to remember is nancy pelosi has tried to rein in some of her more liberal members about impeachment. she was on an interview where she said i don't think we should do impeachment for the sake. we should have a lot more facts. and you have a lot more folks on the left who would rather go after the president fairly fulsomely as they take office. so the difference in some ways is the president sees nancy
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pelosi as a more moderating force. >> how does this end, the shutdown? does the president cave? >> well, 12 days in, 13 days in now, we haven't seen any sort of cave from either side. the president wants folks to come back tomorrow for another meeting at the white house. unclear if democrats are going to attend that meeting. you know, last couple weeks ago, there was an offer from the white house, $2.5 billion for the wall. let's meet halfway. democrats rejected that offer out of hand. no money for the wall. right now, it's hard to see how this ends any time soon. >> do you know if just quickly if you will, if the president has made any kind of a concession to say, well, if you give me that money, i'll give you this? >> well, there was a sense in the white house that he would take less than $5 billion for the wall. even though he is saying publicly he wouldn't, but the democrats are saying zero. no money at all. and i don't think the white house or the president is going
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to give any sort of concession unless they can get something in return. >> josh dawsey, good to have you with us. thank you. coming up, the dow sinking triple digits after apple warns of a slowdown in china. down now over 350 points. we're live at the stock exchange when we come back. think only specialty stores have what's new? olay has the hottest debut. new olay clay stick masks, hydrating facial mist, and brightening eye cream. only by olay.
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at this hour, the dow is sinking more than 300 points after apple warned of a slow down in china. fill us in, allison. >> apple becoming a poster child for what is worrying wall street. a slow down in the chinese
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economy and impact of the u.s.-china trade situation that remains unresolved. the impact on the multinational companies. ceo tim cook of apple put out a warning saying that the company was going to miss on earnings that come out later this month in the billions of dollars. apple wasn't put out this kind of miss in years and years. this is clearly shocking wall street, sending the stock down 9% if not more. shaving 100 points because of how heavily weighted apple shares are in the dow. we are seeing the ripple effect through other stocks as well. it's not just apple that will impact the slowing chinese economy. things that cook had blamed for this huge earnings miss. companies everything from ford
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to gm to volkswagen to starbucks really get hit by these two things to slow down the economy and the tariff impact. it speaks to how vital china is in the global trade picture. when you see a slow down happen in china, how it affects all the multinational companies. anna? you saying we should expect the dow to keep dropping in the days ahead? >> it very well could. earnings season is in about three weeks and you can expect more volatility until investors hear from ceos. more than a third of s&p 500 companies have talked about or were concerned about tariffs and uncertainty of the trade situation. that was just talk. now we will see fast forward to january to a new earnings season. they are looking for the impact which we are now seeing with apple. anna? >> at the new york stock
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exchange, thank you. very soon the democrats will take control of the house of representatives. stay with us. you are live on cnn. main menu oh, ok. robot. press "1". i'm sorry, "zero" is not an option. representative. please say the name of your second pet. rocknar. incorrect. your call is important to us. we'll be with you shortly. hello, this is daniel in billing. oh, hey, yes! hello, daniel! can you hold please? no, please! main menu. calling customer service is the worst. so t-mobile just made it better. no bots, no bounci, no bs. i love you guys. we get that a lot.
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i'm dana bash and john king has the day off. the 116th congress will gavel into session at any moment. today is the day that democrats officially retake control of the house, handing the president a divided congress and uncertain future for his presidency. in a few hours, nancy pelosi is expected to become the speaker of the house, retaking the gavel and the third most powerful position in the u.s. government. that government of course is now on day 13 of a partial shut down. here with me to share reporting and insights,. we will get to manu raju in a moment. let's set the table of what we are about to see. the 116th congress. what we are talking about here. 235 democrats, 199 republicans in the house. in the senate, 47 democrats and
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53 republicans. obviously this means the one chamber, anybody who hasn't been under a rock knows this, but it's important to say it again since we are having this new congress sworn in. the house is now the only show in town for democrats. >> it is and it's the only show in town that is incredibly diverse. you think about all the new members coming in and a record number of african american women will be in this kk. a lot of firsts in terms of native americans and muslims and much more representative of america as a whole and nancy pelosi retaking the gavel. this is the first time in 50 years that has ever happened. she likely has the votes to become the next speaker of the house. we will see how it goes. we will likely see some divisions in terms of who thinks -- there she is there. >> what we are seeing right now is nancy pelosi,


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