tv CNN Newsroom With Ana Cabrera CNN December 27, 2020 4:00pm-5:00pm PST
>> announcer: this is cnn breaking news. you're in the cnn newsroom. i'm dana bash in washington and we begin tonight with breaking news. the relief and spending bill which the president has been slamming for days, he could now be ready to sign it. i want to go straight to white house correspondent jeremy diamond who is traveling with president trump and joins us from west palm beach, florida. what are you hearing tonight? >> reporter: well, dana, all we have so far is a tweet from the president. he put on twitter, good news on covid relief bill. information to follow. and what it appears here is that the president is tweeting this -- treating this like the latest iteration of his reality tv show, even as the financial
security of tens of millions of americans hangs in the balance. remember, it was five days ago that the president took to twitter with this video calling the coronavirus relief bill a disgrace, blind siding lawmakers on capitol hill, blind siding officials and putting that relief into limbo. we know tonight that according to one source that a private ballroom in mar-a-lago has been set up now with a signing desk and a chair, ceremonial, ready to go for the president to sign this before he heads to dinner as we expect him to this evening. but whether or not he ultimately follows through on that still is a question because the white house staff did the same thing on christmas eve. they set up a signing desk, a chair and those ceremonial pens that the president uses to sign legislation on christmas eve, so thursday evening, after that legislation was flown down from washington, down here to his mar-a-lago club in palm beach.
only for the president to ultimately scrap those plans and decide not to sign the legislation. again, there are a lot of questions here. but one thing is clear, dana, whether the president signs this legislation tonight or not, you will already have seen the financial impact on at least 12 million americans. that is because more than 12 million americans lost those supplemental unemployment benefits provided by the federal government last night after the president failed to sign legislation yesterday. so the president, as he delays the here and seems to be treating this like a reality tv show, you're seeing the impact on tens of millions of americans and so we will have to see whether the president draws this out further or if he decides to finally end this tonight. >> yeah, given the reporting that you just talked to about from our colleagues kate bennett, who knows considering the fact there was a plan in place to do this on christmas eve as you said. you're right. he's been so capricious about
this, even fickle about something that is so vital to so many -- to millions and millions of americans who are really suffering now. americans who are his -- who he's in charge of. he is the president of the united states still for 20-plus days. and his own team led by his treasury secretary was intimately involved in negotiating this bipartisan deal. >> yeah, and we've seen the president take to twitter in recent days to insist that all he's trying to do here is simply get the stimulus checks increased from $600 to $2,000 per american under a certain income level. if that was the president's goal, he would have done that before this legislation was passed by congress, by an overwhelming bipartisan majority in both houses of congress and with the blessing of his own administration through his treasury secretary, steve mnuchin who was negotiating on the president's behalf.
but ultimately what we know is that the president in the weeks and months leading up to that legislation being passed by congress throughout all of the arduous negotiations, the president was on the sidelines. he was focused in the weeks after the election on trying to overturn the results of that election and in the weeks before the election he was focused on campaigning and trying to win another four years in office. and so it really boggles the mind to see the president now jump in and try and make changes to the this legislation and you heard several republicans today, senator pat toomey of the state of pennsylvania, both of them jumping in to say the president should have said this before the legislation was passed and expressing concern about the chaos that the president is sowing here not only in washington, but to bring this point out, for the tens of millions of americans, not only those who are on unemployment
benefits, but those businesses who are hoping to get the additional ppe funds released and there's this issue of vaccine distribution. there are billions of dollars in funding to help that process run more smoothly in this coronavirus relief legislation that the president has delayed signing now for five days. >> so much in this. i've got a list of things and it goes on and on in this $900 billion stimulus bill which, of course, is also attached to -- keeping the government running which is a whole other conversation which the president has conflated a bit in his tweets. jeremy, i know you're going to stay close, tell us -- raise your hand when you have any news on what the president is or isn't going to do. thanks for that reporting. >> you got it. joining me now is mark wayne mullen. congressman, thank you so much for taking the time on this holiday weekend to come on. first, you know, you're a member of congress. i know you voted no on this. we're going to get to the reason
in a second. what are you hearing about what the president may or may not do? >> well, we haven't heard a lot about it. we do expect the $2,000 that he's wanting per individual to go through. that was kind of really his only demand that he wanted on the stimulus money. i don't think there's a lot of push back. the question was, how was we going to pay for that and that was a question that needs to be answered. but i -- and my understanding is if he gets to 2,000 per person, he said that before, that he's willing to sign the stimulus package at that time. >> i'm sorry, so you think that somehow somebody promised that he would get this 2,000 and just -- people might be tuning in, just a little background, what is in this bill is $600 check for individuals. and what the president said after he already got the bill is that it should be $2,000 per
individual. are you telling me that he got assurance from leadership in the republican house or the senate? >> i don't know that for sure. i can just tell you the president is very clear that that's what he's wanted. as you know and i know, the president doesn't back away from his words. and so if that's what he said he wanted in it, he's got good news, i would make the assumption that that's what he's received, he's been told that the senate will allow that to go through. the house will be able to pass it. the senate there's been questions. and the question still comes down to, i believe, possibly how it was going to be funded or paid for or which area it was going to be taken from. so i think that's probably what it is. but, dana, i was making phone calls as we came out trying to figure out what it was and so far i haven't been able to get ahold of anybody. >> thank you for trying to do that. you mentioned the fact that it was the senate and still
apparently as far as we know, still is the senate. democrats in the senate for the most part are okay with the $2,000 check that the president is calling for. it was the president's fellow republicans for months who were pushing back on this, your colleagues in the united states senate. some in the house too, but particularly in the senate. what makes you -- let me ask you this, you personally, you are a republican lawmaker. are you okay with what the president is now asking for? >> well, as i said before, dana, it wasn't the first time the president said he wanted to spend more money. if we're going to fund all of these foreign governments, he made it clear that we need to take care of america first. he said that in his first campaign. that's been his style of managing and he made that clear walking into this. how it got crossed during negotiations, i don't know. nancy pelosi kind of held all of those cards close to her during the negotiations -- >> steve mnuchin and republican leaders were involved too, but
go ahead. >> to some degree. it was taken care of with nancy pelosi because she kept it -- >> she doesn't negotiate with herself. but go ahead. >> for a lot of the part she does. and i just tell you that because all of us are frustrated as lawmakers because of the process. but however the president made it clear that he wants $2,000. and i commend him for that. putting america first. that's where his mind has been for the last four years and that's where he's still at today. >> so you voted against this very large relief bill, it's more than 5,000 pages because you said that you only had a few hours to read it and you didn't have time so you voted no. have you read it since then? >> we went through it to some degree. 5,593 pages, it takes a while to go through that. keep in mind, this is the second largest bill in u.s. history and in the top five most expensive. we have spent some time going through it because we want to
know what is actually in this bill. and, you know, when we find more and more stuff, there's still stuff that bothers me that shouldn't be there. i can tell you one thing is for sure, if we can spend all of this money in foreign aid, if we can spend all of this money in funding like the kennedy center which is -- which is closed. $23 million which -- i'm not arguing about the kennedy center. i think they play a pivotal role. but $23 million and we can't do $2,000 to u.s. citizens? there's a problem there. and so the 5,593 pages, the process was broke. that process should include all members, not just held in the speaker's office. >> yeah, well, and i'm sure you know, you're not the first rank-and-file member to be upset about not being about to read a giant bill. i've covered congress for a lot of years and i've heard that from both side of the aisle many times. and i get it. now that you have had time to go
through it, do you think -- had you had the time, would you have voted yes? >> no. i still wouldn't have voted for the bill. even if we would have had an accurate time. it's not that i haven't voted for bills -- spending bills, i have. but this just isn't the type of money we need to be spending during a pandemic. we really do need to focus more on america first. and this 5,593 pages, it really didn't do that. if we're going to fund all of these agencies, we need to fund them in a way that makes sure that we're taking care of what's most important and that's our communities. >> and what do you say to people in your community who hear you say, no, i wouldn't have supported it, i didn't support it, but i don't support it on the substance of it, who say, wait a minute, it's not everything i want, but it is $600 and that's not nothing. it could help me pay rent or the provision in here that says that
i won't be evicted and if i can't pay my rent or the provision which says i will get more unemployment benefits or my state will get money to make sure that i get a vaccine. how do you explain to your constituents that you said, no, i'm not voting for that? >> dana, oklahoma has been open for business. not like california or massachusetts. we've been open and so our -- my constituents are at work. and we have been working. and our businesses are open. and we are doing what we need to do to make sure we take care of your communities. and so my constituents spoke very clear after the vote, they're glad i didn't vote for this. they think we need to be more responsible for our spending. just think about this, dana. every taxpayer out there just added $6,200 on the debt they owe the united states government because the money we continue to borrow if this bill goes into law. that's significant money. somebody is going to pay it.
but the debt just doesn't go away. the debt has to be paid back at some point. and we have to become responsible for the dollars we're spending. my constituents are hard-working taxpayers and they expect us to do what's right in washington, d.c., and spend the money correctly. >> i have to ask about another bit of drama that's going on and that is the -- the national defense authorization act. it's the defense bill. this is a bill that passed with huge bipartisan support. you voted for it. it has passed for 59 years in that way. the money in it raises wages for troops and it gives -- modernizes equipment, it sets defense policy and many, many other things. the president vetoed this bill. there will be a vote this week, i believe, tomorrow to override the president's veto. will you vote yes on the
override? >> i will not be voting to override the president's veto. chairman inhofe who is the chairman of the armed services, great friend of mine, did a great job negotiating the bill. at the end of the day i voted for it on the floor, but president trump is our commander in chief and he has built one of the biggest and strongest military we've seen in recent history and he has his reasons to veto it. if he's vetoed it, i will not vote to override his veto. >> but congressman, the reasons he's given are largely twofold, one is because of the renaming of some confederate bases -- bases that are named after confederate leaders and, two, much bigger, something that is not even related to this which has to do with social media companies, what's known as section 230. so why -- so why do you put those frankly ancillary issues
over funding the troops in harm's way, giving them pay raises and all the other things that this bill does that you obviously like because you voted for it in the figures place. you exist as a check and balance. just because he vetoes it doesn't mean necessarily that constitutionally you have to go with him. >> at the end of the day he is our commander in chief. not just the president but the commander in chief. he's done right by the military since he's been in office. he has his reasons. and as commander in chief, i'm going to support that. as i said before, he has rebuilt the military and to the strongest it's been in years. and if he's able to do that, then i'm going to follow him all the way to the end. if he's going to veto the nda, i support his veto. >> are you worried about getting blow back from your constituents if you do that? >> keep in mind, oklahoma went overwhelming for president
trump. they like his style and so do i. >> so you're worried about blow back from your constituents? >> no, absolutely not. not from my constituents at all. they like his management style and i agree with them. and like i said, he loves the military. i love the military. but he has his reasons to veto it and i'll support that. >> congressman, thank you so much for joining me. again, a lot to talk about. thank you. >> dana, thanks for having me on. i look forward to seeing you next time. >> thank you, congressman. and investigators in nashville are now saying they know who blew up the rv there christmas morning but there are still so many questions needing answers like what's the motive. the latest on that investigation and a live report from nashville coming up. asily and automatically pay your team and file payroll taxes. that means... world domination! or just the west side. run payroll in less
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federal officials, a short time ago, positively identified the person they believe triggered that massive destructive explosion on christmas morning. i want to get straight to shimon prokupecz who is in nashville right now. police have the name of this bomber. how confident are they that this is the person responsible? >> reporter: well, they're 100% confident in terms of how quickly they worked here. it's like a real-life 24 here. that tv show where things get solved in 24 hours. really, when you think about how remarkable what the fbi did here with the local authorities, what the atf was able to do, the nashville police department, everyone working together to find the person responsible for this and probably in less than 24 hours. when they got to the scene and started looking for evidence, they found the vehicle identification number and through that, despite how
massive this explosion was, they were still able to recover this piece of -- i.d. on the rv that they linked to this bomber and then from there they got tips about the rv and they really worked quickly. they then got a dna sample from a family member. they flew everything to quantico, virginia, where the fbi got the dna matches. that happened late last night. they were able to get that dna match and today identifying the man as anthony quinn warner. he's 63 years old. dana, you teased us about the motive. that's a big question here. and it could be that we may never learn the exact motivation here for why this happened. authorities are still trying to figure out, there was a lot going on in this man's life and they're using that information to try and perhaps piece together what happened. but in terms of a clear-cut motive, there's been a lot of speculation all over the place. the fbi right now says they don't have it. they don't have that clear
motive and they're not about to start speculating. >> which is completely understandable, shimon. and it is really interesting that despite all of the tools that people have and that law enforcement has, there are some cases where they just can't figure out what the motive is. so we'll see if this will be that or they will have a much more clear sense as they dig into this. shimon, thank you so much for that reporting as always. and medical experts fear another surge may be on the way. dr. anthony fauci says it's more like a surge upon a surge. my interview with him is next. you're live in the cnn newsroom.
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about 9 1/2 million doses of covid-19 vaccines have been shipped across the united states with close to 2 million doses already in the arms of those -- some of those who need it most. this morning i talked to dr. anthony fauci about the experience he had being vaccinated and his predictions for the pandemic in the coming months. dr. fauci, first you had a big birthday on christmas eve. happy birthday to you. >> thank you, dana. appreciate it. yeah. thank you. >> i want to ask about the vaccine that you received. you received the first dose in the past week. you did it in public along with other health officials. i know you said you were feeling find initially. at this point, is that still the case, or have you had any side effects? >> no, absolutely. the only thing i had was about
maybe six to ten hours following the vaccine, i felt a little bit of an ache in my arm. that lasted maybe 24 hours, a little bit more. then it went away and completely, other than that, i felt no other type of effects. it was better than an influenza vaccine. nothing serious at all. perhaps when i get the boost i might feel a little aching, but i'll be getting that in three weeks. >> i want to ask you about something president-elect biden said last week, he said the darkest days in the covid-19 battle are ahead of us. over 100,000 of our fellow americans spent their holiday hospitalized with covid-19 and averaging 200,000 new cases, more than 2,000 deaths each day. do you agree that the worst is still yet to come? >> you know, i do, dana, and the
reason i'm concerned and my colleagues in public health are concerned also is that we very well might see a postseasonal in the sense of christmas, new year's surge, as a surge upon a surge. if you look at the slope, the incline of cases that we've experienced as we've gone into the late fall and soon to be early winter, it is really quite troubling. you mentioned the numbers yourself quite correctly when you're dealing with a baseline of 200,000 cases -- new cases a day and about 2,000 deaths per day with the hospitalizations over 120,000. we're really at a very critical point. if you put more pressure on the system by what might be a postseasonal surge because of the traveling and the likely congregating of people for the good, warm purposes of being together for the holidays, it's
very tough for people to not do that. and yet, even though we advise not to, it's going to happen. i share the concern of president-elect biden that as we get into the next few weeks, it might actually get worse. >> i want to ask you about travel. according to aaa, as many as 85 million americans were expected to travel over this holiday. more than 1.1 million people were screened at airports yesterday. so what should we expect in terms of a post christmas covid surge when you look at those numbers? >> well, again, there's no quarantine it will happen, but there certainly is a danger of that. when you travel, you see pick s pictures of people at airports trying to stay physically separated but it's difficult to do that. and that generally is followed when people get to the
destination they want to be, you're going to have mixing of household people at a dinner or a social function. those are the things that naturally happen and as much as we advise against it, nonetheless, it happens. and that's one of the reasons why we're concerned about that being a real risk situation for the spread of infection. >> let's talk about some of the solutions in terms of coronavirus. you acknowledged to the "new york times" that you've moved the goalpost in terms of what it would take to reach so-called herd immunity in the united states. you said when polls said only about half of all americans would take a vaccine, i was saying herd immunity would take 70 to 75%. then when newer surveys said 60% or more would take it, i thought i can nudge this up a bit. i went to 80, 85. you go on to say it may be as high as 90%. my question is, why weren't you straight with the american
people about this to begin with? >> no, actually, dana, i don't think it can be interpreted as being straight or not. we have to realize that we have to be humble and realize what we don't know. these are pure estimates and the calculations that i made 70, 75%, it's a range. the the range is going to be somewhere between 70% to 80%. the reason i first started saying 70, 75, i brought it up to 85. it was based on calculations and pure extrapolations from measles. measles is about 98% effective vaccine. the covid-19 vaccine is about 94%, 95%. when you get below 90% of the population vaccinated with measles, you start seeing a breakthrough against the herd immunity. people starting to get infected like we saw in the upper new
york state and in new york city with the orthodox jewish group when we had a measles outbreak. i made a calculation that covid-19 is not as nearly as transmissible as measles. measles is the most transmissible infection you can imagine. i would imagine you would need something a little bit less than the 90%. that's where i got to the 85%. i think we have to be honest and humble. nobody really knows for sure. but i think 70 to 85% for herd immunity for covid-19 is a reasonable estimate and in fact most of my epidemiology colleagues agree with me. >> of course. nothing is exact. i guess my question was about the polling. it seemed in that quote to suggest you were basing your recommendation on polling and what people could accept. is that not what you meant? >> no. it's a bit of that. i want to encourage the people
of the united states and globally to get vaccinated because as many as we possibly get vaccinated will get closer to herd immunity. so the bottom line is, it's a guesstimate. i gave a range. and i use any discussion like we're having now, dana, to encourage people to get to that goal of 70 to 85% of the people vaccinated. that's where we really want to be. >> okay. and just to put a button on it, no sugarcoating, you're saying 75% to 80% is the goal in your view as of now based on what you know when it comes to herd immunity, not 90%? >> right. right, right. >> we're going to have much more with dr. anthony fauci in the next hour, including what he thinks of that covid-19 variant discovered in the uk and also elsewhere. when we come back, our panel of experts is standing by. dr. celine gounder and
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as the u.s. passes the 19 million mark in confirmed cases of the coronavirus, many americans seem to be brushing off pleas to curb travel. just yesterday more than 1 million people passed through u.s. airports. dr. ashish jha is with me now. he's dean at the brown university school of public health. also with me, dr. celine gounder celi . you heard anthony fauci before the break talk about the post holiday period, calling it a surge upon a surge. what is your take on that given the fact that you are advising joe biden and that could really spike at the time of his inauguration. >> we are really, really concerned. we already had a surge even
before going into the thanksgiving holiday and then with all of the travel and people seeing family and friends over the thanksgiving weekend, we saw an increase in cases. hospitalizations, deaths. and now we're seeing the same kind of traveling, in fact even more traveling around the christmas and new year's holidays than we did over thanksgiving. and this is really concerning to those of us, including myself, who are still serving on the front lines, taking care of patients where we see hospital beds full, icus full, doctors and nurses exhausted and some even throwing up their hands and quitting in the face of this. so we're very concerned. >> understandable. and dr. jha, the astrazeneca vaccine could be approved within days. on twitter you're saying, okay, it sounds promising, but there's not enough data. what data do you want to see? >> first of all, thanks for having me on.
we're all excited about more vaccines and an astrazeneca vaccine would be an important contribution if it were to be approved by the uk and by the fda. the problem is that -- there are two problems. they've been confusing in their own messaging about what data they have. the ceo said there's new data that shows that it's as effective as moderna and pfizer. my take is, that's great. they should make that data publicly available so that people can examine it. and if it turns out that indeed it is as effective or close thereto, that would be fabulous. we would need that extra vaccine. the world needs that extra vaccine. instead of a line in a news report, i would like to see that data. >> yeah. and if that vaccine comes or it doesn't, the goal is for what's known as herd immunity. dr. gounder, i know you received the first dose of the vaccine.
you heard dr. fauci tell me -- he clarified he estimates 70 to 85% of the population needs to get vaccinated in order to achieve herd immunity. what is your estimate on how long that could take given where we are with the -- just the two vaccines at this point approved and out there? >> well, dana, we have 330 million americans in the country and both of the vaccines that we currently have available to us require two doses. so that means 660 million doses. in the first week when these vaccines were being rolled out, we accomplished basically about 1 million doses. and what the president-elect is aiming for is a million doses a day. if you do the simple math, 660 million divided by 1 million, that's 660 days. it is going to take a while to get everybody in this country
vaccinated even at the pace -- at the much faster pace the president-elect is hoping for. we do need to double down. as dr. jha said, additional vaccines would help our cause here. bottom line, everybody needs to be trying to get vaccinated when it's their turn. it really is an american citizen's duty to help achieving this herd immunity level. >> there are about 20 million americans -- sorry, operation warp speed goal is to vaccinate 20 million americans by the end of the year. dr. fauci says he still thinks this country is on track to have a good portion done by the end of the spring. do you agree with that timeline? >> well, i agree with dr. fauci on the end of this spring timeline. i think operation warp speed has had an ambitious agenda. we started seeing some of the numbers slip. obviously we're not going to get
20 million americans vaccinated by the end of the year which is only a few days away. but now the new target is maybe 20 million vaccine doses shipped by the first or second week of january. look, this is all difficult. i'm sympathic to how hard this is. we should set realistic targets and try our best to meet them. slipping by a few days is not a big deal, but we have to get these vaccines into people's arms soon. a lot of people are waiting for them. >> i guess if you're called operation warp speed you have to have an ambitious agenda. thank you so much to both of you. happy holidays. i appreciate you coming on on this holiday weekend. >> thank you. and we are following breaking news out of mar-a-lago. cnn is learning that president trump was going to sign the coronavirus relief bill on christmas eve during a ceremony only to scrap that plan at the last minute. more on that and what might be
with the covid-19 stimulus bill in limbo for the past several days, many people have been left wondering what is going to happen. this bill provides small business support that people are hoping it will help them keep their small businesses alive, jobless benefits, relief check for millions of americans. if the president goes ahead and doesn't sign it, it raises the question of the prospect of a government shutdown. and so the question now is, what is going to happen with this president? and more importantly, what is the big picture for the notion of the political fallout from what has happened and what could still happen in the next 25 or so days that he is still in office? i want to bring in cnn politics reporter and editor at large chris cillizza which is joining me now. merry christmas.
>> i know. merry christmas. thank you for having me. >> all right, so let's go back to some news that our white house team broke earlier this evening and that is -- we're waiting to see what happens tonight, if anything does. regardless, their reporting is that on christmas eve, the president was ready to sign this stimulus and funding bill. and there was a signing ceremony ready. he backed out at the last minute. what does that tell you? >> that the strategy -- and i -- let me say strategy, putting it in air quotes. i just don't think there's much of one. to the extent there is a strategy, it is donald trump's whims. it was true for the last four years, it's even more true now. we know he lost. he at some level knows he lost. he does things. i think context matters here. this president was effectively absent by his own volition,
absent from the negotiations over a second covid stimulus bill, avoiding government shutdown bill. he was absent from this. he deputized steve mnuchin to handle it and he tweeted about the election, played golf. he did other things. he wasn't involved. after a deal has been negotiated but voted on by the house and senate and approved to say, actually, we need $2,000, not 600 for each of these checks and we need to get rid of the pork, you can't do that sort of thing if you're acting in the best interest of a country that badly needs this money amid the ongoing coronavirus pandemic. >> and you wrote this week about the fact that this is always how the trump presidency was going to end. there was no question about it. >> it's a presidency built on
cult of personality. he does things that he -- he likes to do things that are good for him and he doesn't like to do things that he does not deem to be good for him. if he thinks we can get $2,000 rather than $600 with my name on the checks, that would be good for me. unfortunately he skipped the part of the negotiation where the democratic house and the republican senate came together after months and found some sort of compromise that will, to your point, unemployment insurance, small business. not to mention if nothing is signed by tuesday, the federal government will close. whether or not he signs something i think is important to remember this is a selfish act. it was negotiated and agreed upon and at the last minute he decided he didn't want to do this. we should not celebrate him if he does decide to sign
this. >> people are very much suffering and may not be happy with the $600 check. may agree with the president that $2,000 bo be nicer. but that's the art of compromise. sg >> i want to add. you know this better than anyone. it's not a choice between $600 and $2,000. it's a choice between $600 and nothing. $2,000 is not going to happen. we would love for people in need to get more. the reality is the deal was negotiated extremely delicately. it's not as though if he doesn't sign it it's $2,000. no, it's $600 or nothing. >> i talked to a republican congressman earlier who thinks there might be a way to
magically get legislation through that could get that -- those $2,000 checks through. they would have to convince a lot of republicans who were very resistant for a long time. democrats are on board. do it tomorrow. we will have to leave it there. great to see you. happy new year. love to the family. >> thank you. live pictures right now of capitol hill. what is the fate of the bill that i was just talking about with chris? we will go live to mar-a-lago for the latest from our correspondent there jeremy diamond after the break.
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(customer) that is something else. (burke) get a whole lot of something with farmers policy perks. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ in 2020, we witnessed world changing paradigm shifting events from the coronavirus pandemic and economic crisis, social justice movement, to an historic presidential election. cnn christine romans explores an unprecedented year in business. >> reporter: 2020, a year like no other for business. the pandemic touched every part of the economy, altering the way
americans live, work and shop. historic job losses prompted unprecedented stimulus. as benefits dwindled, americans suffered. while a few companies thrived, some may never recover. this year, the pandemic triggered the worse job loss in u.s. history. 22 million jobs vanished in two months, wiping out a decade of gains. >> the longest single month of job losses since the great depression. >> worst jobs report in american history. >> reporter: nearly every sector shed workers. the u.s. hasn't recovered all the jobs. hiring is slowing again. historic losses prompt a historic response. >> the motion is adopted. >> reporter: the government passing a $2 trillion relief package in march. this is the largest aid package in history. the government enhanced unemployment benefits, funded
stimulus checks for families and loans for hard hit industries. all measures had expiration dates. small businesses said ppp loans ran out fast, if they managed to secure one at all. >> the first round sent tens of millions of dollars to bigger companies like ruth's chris and shake shack. >> reporter: all three returned the money. unemployment aid expired. americans lined up at food banks in record numbers. >> they used to feed 50,000 families a month. now it's over 100,000 a month. >> reporter: eviction moratoriums became a ticking time bomb. >> evictions are about to skyrocket. >> 200 eviction orders have come through for this week. >> reporter: experts warned more stimulus was needed. congressional gridlock kept a new deal in limbo. that economic pain stalled growth. >> the second quarter was the
worst quarter in terms of gdp action in america's history. >> reporter: even with a record summer bounceback -- >> we're not back to levels we were at before covid. >> reporter: the pandemic froze the economy. americans started eating in restaurants, attending movies and live events and traveling, leading to big losses. >> two airlines, american and unit united, are laying off 32,000 employees. >> marriott says the financial impact is worse than 9/11 and the 2008 financial crisis combined. >> reporter: americans fuelled an online shopping spree helping amazon while devastating brick and mortar. >> j. crew filed for bankruptcy protection as a result of the outbreaks. >> lord & taylor filed for chapter 11. >> reporter: the country lived,
worked and attended school online, sales exploded for zoom, nintendo. a new breed of essential worker. >> millions stay home. millions are out risking exposure to the virus on the front lines. >> reporter: delivery employees helped keep the economy afloat in 2020. >> no justice. >> no peace. >> reporter: the death of george floyd in police custody in may sparked protests over racial justice and a wreck reckoning f corporate america. some recognized the juneteenth holiday. others retired problematic logos. >> the aunt jamima brand will retire the image, acknowledging its racist past. >> reporter: low wage workers bore the brunt of income loss this year. the stock market thrived. there was a big plunge in march. >> trading stopped because we have seen a drop of 7%.
>> reporter: ending in a bear market. stocks rebounded quickly to record highs. >> the fed bought up trillions of dollars in securities, pumping new money into the economy. >> reporter: this is the historic disconnect of 2020. the so-called k-shaped recovery. main street suffers, but wall industry gains by betting on the future, vaccines and more stimulus will trigger a rebound. can the economy turn around in 2021? after a year of historic losses, next year can only be better. it may be a dark winter before we get there. >> announcer: this is cnn breaking news. you are in the "cnn newsroom." i'm dana bash in washington. breaking news, president trump is hinting that after days of slamming the $90