tv At This Hour With Kate Bolduan CNN April 18, 2022 8:00am-9:00am PDT
8:00 am
who are like smira to donate. >> the best moments on television this morning to see them together. we wish both richard and samira a safe and speedy recovery. and thank you so much for joining us today. i'm bianna golodryga. >> yeah how about that for some happy news to end the show today. i'm jim sciutto in lviv, ukraine. "at this hour" with kate bolduan starts right now. this is cnn breaking news. hello, everyone. i'm kate bolduan. we do begin with breaking news, which is russian forces are stepping up their attacks across ukraine. russian missiles hit the western city of lviv, killing at least seven people and injuring nearly a dozen including a child. these are the first reported deaths there since the war began two months ago. ukrainian officials say the
8:01 am
strikes caused extensive damage to the civilian infrastructure including multiple residential buildings an a school. russian forces launched at least two missiles in dnipro, some railway infrastructure destroyed. no casualties thankfully were reported there at least yet. fighting ramping up significantly throughout the east with ukraine saying that the town of kriminna fallen after a huge amount of equipment and besieged port city of mariupol, rejected a russian deadline to surrender. they said it will be closed for entry and exit today and any men who remain will be quote unquote, filtered out. let's begin our coverage with cnn matt rivers in lviv on the deadly air strikes we were just talking about. matt, what are you seeing there after all of this? >> reporter: yeah, kate, lviv has largely been spared some of the horrors we've seen in other parts of the country throughout this war and yet this morning, there were multiple explosions in the city. four different air strikes.
8:02 am
russian launched cruise missiles, landing here in the city. four separate locations. three of which being military infrastructure sites but the fourth was an auto repair shop and we know that because my team and i, we went there. we looked at what was happening. we saw the impact crater and the sign above the two buildings that were on fire when we arrived said auto repair shop. there was no sign of any military base or any strategic target. this was yet another example of russian missiles hitting areas that only had civilian populations. the owner of that auto repair shop telling us multiple of his employees died. they had simply shown up that day for work and then a missile struck their place of employment. i spoke to another woman across the street who was washing her face when her window was blown out. she's now considering a move to poland but not just here in the west we see violence, but also of course in the eastern part of the country where we're expecting this russian offensive to begin. if it hasn't already. some over there, ukrainian officials believing that this
8:03 am
russian offensive in the donbas region has begun with the head of the regional military in the luhansk saying i believe it's begun. multiple intensifications with all types of weapons to break into the cities and we hear from the mayor of the city of kharkiv north of there to say that the shelling has been absolutely intense, non-stop, and in a place like mariupol, the siege continues. there are ukrainian defenders there but seem to be on the brink of falling even as they continue to fight. kate? >> matt, thank you so much for that. i really appreciate it. so in an exclusive interview with cnn's jake tapper, ukraine's president says that he is not willing to give up any territory in the eastern part of the country to end this war. zelenskyy said his military is prepared to fight for the donbas region, describing it as a battle that could influence the course of the entire war. >> what do you say to people
8:04 am
either in ukraine or elsewhere in the world who say, just give putin the donbas, just give putin eastern ukraine, stop the bloodshed, let him have the territory. what would your message be about that? >> translator: in the centuries' old history of ukraine, there is the story that ukraine has either taken some territory or needs to give up some territory. ukraine and the people of our state are absolutely clear. we don't want anyone else's territory and we are not going to give up our own. >> the biden administration keeps saying they're giving you this aid to put ukraine in a better negotiating position for diplomatic solution. is that the goal to put you in a better negotiating position or is the goal to defeat russia and get them to leave?
8:05 am
>> translator: we need to understand that what we want can come at a very high price and in any case, all of these years of war, where is the compromise coming from the russian federation? maybe we can end this war without any conditions. maybe the war can end without any dialogue or compromise. and without sitting down at the negotiating table with the president of russia. and you'll understand daily, as i said before, what's the price of all this? it's people. the many people who have been killed, and who ends up paying for all of this? it's ukraine. just us. so for us, this is a really great cost. if there is an opportunity to speak, we'll speak. but to speak only under a russian ultimatum, it's then a
8:06 am
question about attitude towards us. not about whether the dialogue is good or bad. it's impossible. the sooner it happens, it just means less are likely to die. but it's not a fact that this would actually be the case. not at all. but it's possible. and therefore, we should try. we want to liberate our country. take back what's ours. we can fight the russian federation for ten years to take what's ours. we can go down such a path. >> president zelenskyy also told jake that the $800 million in new assistance coming from the united states said it's needed and helpful but that ukraine needs more and quickly in order to defeat russia. joining me now is retired major general dana batar, now cnn military analyst and kurt volker here, former nato and special negotiator for ukraine. general, let's start with where i left off with the military aid
8:07 am
from the biden administration. zelenskyy says that it's never going to be enough, but what is most important in this moment is speed. what is he saying here, since the pentagon team is also reporting, there's a concern that the aid could be used up within a matter of days, as heavy fighting intensifies in the donbas. >> good morning, kate. i think what president zelenskyy is talking about is he needs it now. and it is a matter of timing and speed. and i know that the administration is working hard to get it to him as quickly as possible. but that brings on a bigger question. is it enough? and it really is not enough to take on russian forces and also protect areas in the western portion of ukraine that would attack today and still needs to be done for the united states and nato working with ukraine is to establish a humanitarian assistance zone in western ukraine, going from kyiv, or just east of kyiv down south to
8:08 am
odesa and all the way west of polish border, and that would be enforced on the ground by nato troops and with a no-fly zone over western ukraine. and that would prevent things like the missile attack that we saw today in lviv. >> let me ask you about that in a second but ambassador, you've been involved in talks and negotiations over military aid with ukraine in the past. what do you think the conversation is or where do you think it is among the administration at this point because where is or is there a tipping point where the administration gives over more than what ukraine is asking for? >> it's interesting, because we've been slipping past these tipping points, so one week at a time. if you remember going back, there was a concern about the use of any offensive weapons, then they were saying, we're not going to send them stinger missiles, and then it was not the armed drones and each step of the way, we've added more and more that we are willing to give them, facilitating the delivery of tanks, artillery.
8:09 am
so we've been dragged into this by the ukrainians and frankly, by their military success when we can see they can use the equipment rather than starting from the perspective of we should have been giving them everything from the beginning. i hope going forward, we are listening to president zelenskyy and giving him everything he needs to keep advancing. the russian forces are in disarray, now is the time, as he says. >> and ambassador, you heard in that portion of the interview we played between president zelenskyy and jake tapper that he was saying that they have no plans to give up portions of the country in the east in order to bring an end to the war. what do you think that means for any negotiations? >> from the beginning, a ukrainian capitulation, ukraine to cede territory to russia and denazify ukraine and russia has never been serious and the objective to take over ukraine. now they have a more limited objective of taking the eastern part of ukraine.
8:10 am
this is not something any ukrainian government can agree to. ukrainian people would never agree to this. and zelenskyy who comes under pressure even thought about it, so this is clearly ukraine willing to fight and defend its own territory, and at this stage, after all the civilian casualties we've seen, the atrocities we saw in bucha, the continued missile attacks against cities such as lviv and kyiv, the ukrainian people are saying no more. we need to get our territory back. we need to get russia out. the cease-fire for 2014 which left russian forces on ukrainian territory is seen by the ukrainians now as a precursor to the events that we have this year. we want the russians to be out. >> let's talk about that this strike, as you were mentioning, general, in lviv today, because these are now the first deaths reported from strikes in lviv and this is a city of relative is the emphasis, but relative calm, a key city being about 60 miles from the polish border. why would they be hitting lviv
8:11 am
and the west right now when so much focus is clearly now turning to the east? >> there simply was no military value to that strike, it was intended to intimidate. civilian casualties, it's known that international media is there at lviv, so it was a way for russia to send a message not just to ukraine but the world that they can hit ukraine and civilians anywhere they want to. that is why it's got to be stopped. >> thank you as always and ambassador, thank you for coming in. i appreciate it. coming up for us, two teens killed in a mass shooting in a pittsburgh house party. police do not have any suspects in custody at this point. city's police chief joins us next. unlike ordinary memory supplements, neuriviva plus fuels six key indicators of brain performance. more brain perfoformance? yes, please! neuriva. think bigger.
8:12 am
you're probably thinking that these two are in some sort of lover's quarrel. no, no, no. they're both invested... in green energy. and also each other. digital tools so impressive, you just can't stop. what would you like the power to do? i didn't know my genetic report could tell me i was prone to harmful blood clots. i travel a ton, so this info was kind of life changing. maybe even lifesaving. ♪do you know what the future holds?♪
8:15 am
you don't know how much pressure you put on your septic system. but rid-x does. in a 21 month study, scientists proved that rid- x reduces up to 20% of waste build up every month. take the pressure off with rid-x. are you a christian author with a book that you're ready to share with the world? get published now, call for your free publisher kit today!
8:16 am
developing this morning, two 17 years old were killed and several others hurt in a shooting at a house party at a rental home in pittsburgh on sunday. police are looking for multiple suspects, we're told, but at this hour, no one is in custody. there were at least 11 mass shootings reported in the united states just over this holiday weekend. cnn shimon prokupecz joins me now with more on this. what are you learning? what's the very latest on the shooting in pittsburgh, shimon? >> this morning, the schools there were on lockdown as police continue to do this search. searching for the gunman. they believe several people opened fire at this party. this was a house party early sunday morning when gunfire erupted. they believe as many as 100 shots may have been fired. two 17 years old were killed. and many of the people inside
8:17 am
were running for their lives and some cases, we're told by police and witnesses that people were jumping out of windows to get away from the gunfire and then even outside, gunfire continued and as i said, police continuing to search for the people who were using guns at this party. we don't know what sparked this shooting. there was some kind of altercation, police say and then the gunshots started. also interestingly in how police know there were potentially several different guns they found shell casings belonging to different guns at the scene and the manhunt there continues. >> shimon, thank you so much. joining me right now on the phone is pittsburgh's police chief, scott schubert. thank you so much for jumping on. i appreciate it. the search for people who did this, do you have suspects? >> our defectors are working diligently looking at video and doing everything they can, so we can identify those who were
8:18 am
involved with the situation. adds you can imagine, something we don't expect in the city of pittsburgh and to have young people shot and two 17 years old killed. something that's unacceptable for us. >> absolutely. i mean, everything we're hearing is multiple suspects. have you narrowed in on how many? >> no, we don't have that just yet. we're still working preliminarily with our investigation, but based on the various shell casings on scene, we do believe multiple shooters. >> i mean, more than 90 shots. my colleague shimon said maybe as 100 shell casings that have been found. why did this happen? >> we don't know. there was some sort of altercation. unfortunately, guns became in play and we had shooting that occurred inside and outside the structure. so we're trying to piece everything together, asking for cooperation of the public and
8:19 am
those who were there on what they saw, what they heard, any videos, any pictures to come forward and help us with the investigation. >> there are a lot of people at this party. are you getting that kind of cooperation? >> we have people that are cooperating. obviously, when you have that many people there, there's more that can come forward and we need to think about the fact that this could be friends and people they knew that were involved as victims, and we need to get these shooters off the street. these are the people that are causing the most harm in our communities and we need to make sure we get them off the street now. >> is the working assumption, some of these are school-aged children. i saw in the "pittsburgh gazette," four of the kids injured were public school students. is that your working assumption? that the gunman were students as well? >> it's still too preliminary in there, but we know that a lot of
8:20 am
the victims and a lot of the ones that were at the party fleeing were, appear to be juveniles. there were some adults as well. so we're still trying to tie together which ones were the shooters, and obviously, our hearts go out to the family members of those who were killed and those who were injured in there. >> look, chief, this isn't just one problem with one house party. this isn't just a problem for pittsburgh. you've spearheaded a whole initiative last year to try to combat gun violence but some of the stats i just saw, there have been 68 shooting incidents just this year in pittsburgh and pittsburgh had 56 homicides last year which is nearly 10% rise from 2020. i mean, are you saying, do you consider any of that progress? are you seeing any signs of progress or is it time to reassess? >> we're always reassessing. we look through other things that other departments do across
8:21 am
the country and adding it to ours. i mean, obviously, community engagement is a portion of it. but the strategy of looking for the shooters themselves, the most violent in our community, which is a small percent, and having our outreach workers and the work our officers do day in and day out on the streets of the city of pittsburgh. we're focused with everything we have. we're working in cooperation with the fbi, the atf, we have other local agencies here that are helping us as well because this isn't just about us. this is about everybody. this is about our community, and it's about all of us coming together and that includes our state border partners and the law enforcement criminal justice system. >> absolutely. as shimon said, schools were on lockdown this morning, chief. is pittsburgh safe with multiple gunmen now out there? >> yeah, i mean, we're safe. it's just, it's sad that they had that event and people came
8:22 am
with firearms. the vast majority of them probably came thinking they were going to a party, and i'm sure the people dropping off family members, dropping people off but to have drugs, guns, and alcohol in that setting, you know, unfortunately, and it leads to this with that many people shot and i'm very thankful, and one person shot, one person killed is too many, but we are very fortunate there wasn't a lot more people shot and killed during that incident on easter. >> considering how many shots were actually fired inside and outside. chief, thank you so much for coming on. i know the manhunt is under way. we really appreciate it. >> thanks, kate, we appreciate it. >> thank you very much. all right, coming up for us. seen countless atrocities but
8:23 am
one of the heartbreaking images that s sticks out the most. what he told jake tatapper next. . it was so easy. [laughghs] we'll drive you happy at carvana. ♪ ♪ ♪i'm so defensive,♪ ♪i got bongos thumping in my chest♪ ♪and something tells me theyon't beat me♪ ♪ ♪ he'd better not take the ring from me.♪ >> tech: when you have auto glass damage, trust safelite. this dad and daughter were driving when they got a crack in their windshield. [smash] >> dad: it's okay. pull over. >> tech: he wouldn't take his car just anywhere... ♪ pop rock music ♪ >> tech: ...so he brought it to safelite. we replaced the windshield and recalibrated their car's advanced safety system,
8:24 am
so features like automatic emergency braking will work properly. >> tech: alright, all finished. >> dad: wow, that's great. thanks. >> tech: stay safe with safelite. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
8:25 am
do you think any of us will look back in our lives, and regret the things we didn't buy? (camera shutters) or the places we didn't go. ♪ ♪ it's still the eat fresh refresh™ and subway's refreshing everything like the new honey mustard rotisserie-style chicken. it's sweet, it's tangy, it's tender, it never misses. you could say it's the steph curry of footlongs. you could, but i'm not gonna. subway keeps refreshing and refreshing and re... life... doesn't stop for diabetes.
8:26 am
8:28 am
>> translator: this is the most horrifying thing i have seen in my life. i look at this, first of all, as a father. it hurts so, so, so much. it's a tragedy. it is suffering. i won't be able to imagine the scale of suffering of these people, of this woman. it is a family's tragedy. it is a disaster. this is the dreams and life you just lost. i can't watch it as a father, only because all you want after this is revenge and to kill. i have to watch it as the president of the state, where a lot of people have died and lost their loved ones. there are millions of people who want to live, all of us want to
8:29 am
fight. but we all have to do our best for this war not to be endless. >> that was ukraine's president zelenskyy telling cnn's jake tapper how he felt watching one of the most heartbreaking images from this war. and by now, you have probably seen this video showing ukrainian mother discovering the body of her young son and he had been dumped in a shallow well near kyiv. located on the route of the russian retreat from the capital. it is almost too painful to watch, but it is the reality of what many, many families are dealing with from putin's senseless war on ukraine. the reality of what they're facing day in and day out. joining me now is a former u.s. ambassador to ukraine, marie yvoovanovitch yovanovitch. "lessons from the edge: a
8:30 am
memoir." you spoke about the strength of the ukrainian people throughout this war and what they've been, a how resilient they are but when you see the mother and hear president zelenskyy's reaction, how much longer do you think they can actually hold on? >> well, i think they are a strong people, and they will hang on as long as they need to hang on. but i think what you're seeing is the human cost of war, and zelenskyy. i mean, one of the things that makes it so incredible as a leader is he's empathetic to individuals and he understands the pain that individual ukrainians are going through, and reacts, as he said, as a father but he also reacts as the father of the nation and what needs to be done further, so to that end, he is uniting his nation, calling on other nations to support ukraine and the fight that they are in right now and the harder fight that they are going to be in the coming days. >> it's hard to, i think it's hard when you see images like
8:31 am
that for people to kind of grasp that the fight is going to get harder, ambassador. how much harder, i mean, how do you even describe what they're going to be up against when this offensive, if it hasn't started already, begins in the east? >> yeah, you're absolutely right. it's horrifying what we've seen to date, but if intelligence sources are correct, if zelenskyy and others are correct, i think that there's going to be a massive land war in the east. the likes of which we have not seen since world war ii, and that is pretty horrifying when you also combine that with the air power that russia still has. >> yeah. and let's, i mean, look no further than what we've seen in mariupol or at least what is feared to take place in mariupol because there's so little visibility there. some are wondering now if what mariupol is up against is mariupol's last stand. ukrainian forces are not giving up, despite the latest demand for surrender. and i want to play what
8:32 am
ukraine's foreign minister said on cbs yesterday about the impact of ukrainians defending the city are killed. >> it became particularly difficult to continue talking with the russians, but as my president mentioned, mariupol may be a red line. >> may be a red line. if negotiations are completely cut off, i mean, depending on what we see happen to mariupol, what then, ambassador? >> well, i think every war ends at some point, and they end with talks and so there will be talks between russia and ukraine, and perhaps other countries as well. at some point in the future, but the fact of the matter is the russians, putin has not been serious about negotiations, even though he has been sort of continuing the talks. although a couple of days ago, he said there was nothing coming
8:33 am
out of it, so i think that, you know, i think once either side or both sides are ready to have productive talks, there will be talks. >> yeah. president zelenskyy also said in this interview with jake tapper that he is hopeful that president biden will go to ukraine. i mean, we've seen other world leaders, like the prime minister, the british prime minister had over there. so far, the line from the administration is that there are no plans that biden would go over but there are talks of another high ranking u.s. official to head over. how important is it, do you think, for the u.s. president to go? >> i think there are a lot of considerations. obviously, security being one of the paramount considerations. there's also the issue of when an american president travels, you're taking a lot of resources from a host country, and ukraine needs to be focusing on a matter at hand which is defeating
8:34 am
russia and supporting its own people, and if resources are diverted to protect the american president, to protect the entourage, et cetera, is that a good use of those ukrainian resources? >> a lot of it gets to, some of it is, it's engagement on obviously a real level, but also symbolic. i think that's why zelenskyy said he's hopeful the president would come over. the symbol if it's the secretary of state or the defense secretary who would go over to meet with him? >> yeah, well, i think there are many different ways of symbolizing that engagement and we've seen once before when secretary of state blinken crossed the polish/ukrainian border and met with the foreign minister very briefly in lviv on ukrainian soil. and so i think there are many ways of capturing that visually,
8:35 am
and symbolically, but the fact of the matter is also that our partnership with ukraine is very strong. when you look at the sanctions, when you look at the weapons and the weapons systems that are being sent over now, when you look at the political support in the u.n. and around the world, our partnership is strong. >> yeah. ambassador, thank you for coming on. >> thank you. so russia's merciless attacks to hit civilians and even those working so hard to help them in this war. a restaurant partnering with the charity founded by world central kitchen, that restaurant was struck in a missile attack in kharkiv over the weekend. the attack injured four staffers. >> police, stop hitting civilians non-stop day and night.
8:36 am
that's why people are in bunkers and why many people, they don't want to be in the homes and many nights, they go to the safety of the subway. that's why, again, this war needs to end. >> that's jose andres there and world central kitchen ceo nick posted this photo on twitter saying that the injured staff members are covering and in good spirits. and he calls them true heroes. a quick programming note. the unbelievable true story of the man who took on putin and lived to expose the truth. the sun dance award winning cnn film navalny airs this sunday at 9:00 p.m. eastern. here's a preview. >> hello.
8:37 am
>> i don't want putin to be president. if i want to be leader of a country, i have to organize people. >> the kremlin hates navalny so much, they refuse to say his name. >> come on, poisoned seriously. the coalition to fight this regime. >> if you are killed, what message do you leave behind to the russian people? >> it's very simple. never give up. >> navalny, sunday at 9:00 on cnn and streaming on cnn plus. t. its activelift technology provides an ununbeatable clean on 24 hour dried-on stains. skskip the rinse with finish to save our water.
8:38 am
♪ limu emu ♪ and doug. ♪ harp plays ♪ only two things are forever: love and liberty mutual customizing your car insurance, so you only pay for what you need. (emu squawks) if anyone objects to this marriage, speak now or forever hold your peace. (emu squawks) (the crowd gasps) no, kevin, no! not today. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
8:39 am
8:40 am
[mosquitoes buzzing] i got you. got mosquitoes? don't call any pro, call the orkin pro. orkin. the best in pests. at wayfair, there are millions of ways to refresh your space and the best way is your way. that's why we carry a wide selection of ways to spruce up your shower. so that your little update can make a big difference. wayfair has all the easy upgrades for your style from bathroom faucets to mirrors. with financing up to 60 months on qualifying orders, even your big projects are no big deal. because no one can make it yours quite like you. ♪ wayfair you got just what i need ♪ if your moderate to severe crohn's disease or ulcerative colitis symptoms are stopping you in your tracks... choose stelara® from the start... and move toward relief after the first dose... with injections every two months. stelara® may increase your risk of infections, some serious, and cancer. before treatment, get tested for tb.
8:41 am
tell your doctor if you have an infection, flu-like symptoms, sores, new skin growths, have had cancer, or if you need a vaccine. pres, a rare, potentially fatal brain condition, may be possible. some serious allergic reactions and lung inflammation can occur. feel unstoppable. ask your doctor how lasting remission can start with stelara®. janssen can help you explore cost support options.
8:42 am
a tradition returns. president biden and the first lady are welcoming thousands of families at the white house for the easter egg roll. it's the first time this annual tradition is back at the white house in two years because of course, the pandemic. cnn's kate bennett is on the south lawn of the white house for us. kate, the delightful chaos returns. >> that's right. i mean, we're in between groups right now which is why you don't see kids behind me rolling the easter eggs but soon there will be a third group of people.
8:43 am
30,000 people expected today. they all got tickets through lottery. this is really the first time the biden administration has had a chance to throw open the gates quite literally and let people in because of the pandemic. this is a big deal. the president and the first lady here, the first lady this year's eggucation. she's a lifelong teacher, and read to the kids and petting zoo. most people with tickets did not have to be covid tested or show proof of vaccination. all today's events are outside and yesterday, white house tours resumed. another big moment for the white house that the public can come back in, and tour the white house as they have for years and years. the people's house, as the president said today. welcome to your house, so certainly a big moment. the weather is not so great in washington but still, we've seen thousands and thousands of
8:44 am
families enjoying a reopened white house for the 142nd white house easter egg roll. tradition continues after a short hiatus of two years. >> and no matter how nasty the weather may get, you can still leave with a massive sugar high. which is all these kids really need. >> and also, the commemorative egg here, which is a big deal. this is biden blue, picked by the first lady, commander and willow the white house cat. very coveted item. >> as kate puts it directly into her pocket. thank you. let's turn now to china. very different take on the pandemic right now. where shanghai is now reporting its first covid death since this current outbreak began. the massive city as we've reported been under a strict lockdown for weeks as cases have been surging. cnn's steven jang with the latest from china. >> reporter: first officially confirmed covid death from shanghai in the latest wave
8:45 am
involved three unvaccinated senior citizens. aged around 90 with underlying medical conditions. so this amazingly low death rate, three out of more than 370,000 infections so far is raising a lot of questions among independent experts about the authenticity about chinese government figures but also putting chinese authorities in a bind. while they're highlighting this kind of numbers to showcase the effectiveness of their strict zero covid policy, it is also making it very difficult to justify the continued lockdown of more than 25 million residents of shanghai. the country's biggest city, its financial center but also a very important manufacturing and export hub. it is really shanghai's prominence in global trade that makes what's happening there increasingly felt not just across china but across the world. of course, for weeks, residents there have been complaining about growing challenges of getting access to groceries and
8:46 am
medical care for non-covid causes but that also means millions of people at home working at the city's international port and major factories which almost all of the world's leading companies depend on to produce and move their products and parts. so that's why the increasingly draconian lockdown in shanghai not just impacting china's economy but the strained global supply chain and eventually american consumers. kate? >> steven, thank you so much for that and coming up, we'll talk more about the strain right there and the direct line with russia's war on ukraine and inflation here in the u.s. growing fears of a coming recession. the very latest take from the chief economist at moody's next. (all): all hail, caesar! pssst julius! you should really check in with your team on ringcentral. oh hi caesar.
8:47 am
we were just talking about you. yeah, you should probably get out of here. ♪ ringcentral ♪ if your moderate to severe crohn's disease or ulcerative colitis symptoms are stopping you in your tracks... choose stelara® from the start... and move toward relief after the first dose... with injections every two months. stelara® may increase your risk of infections, some serious, and cancer. before treatment, get tested for tb. tell your doctor if you have an infection, flu-like symptoms, sores, new skin growths, have had cancer, or if you need a vaccine. pres, a rare, potentially fatal brain condition, may be possible. some serious allergic reactions and lung inflammation can occur. feel unstoppable. ask your doctor how lasting remission can start with stelara®. janssen can help you explore cost support options.
8:51 am
now the u.s. economy and growing concerns that russia's war in ukraine could drive inflation even higher. remember, it's already at a 40-year high. moody's chief economist mark zandy told clients the fallout from the war has become meaningfully more problematic. mark zandy joins me now. you put the odds at a recession beginning in the next 12 months at a 1 in 3 chance. are the odds getting better or worse as you're looking out there, mark? >> well, kate, 1 in 3 is pretty high. comfortably high. as long as the russian aggression continues and the potential for higher prices remains and as long as the pandemic continues to create havoc around the world, you can see what's happening in china, recession risks are going to continue to rise. so uncomfortably high probabilities that are moving higher. >> late last week i saw moody's
8:52 am
warned in a report that the u.s. economy is barreling toward full employment. and unless job growth cools, trouble is brewing. of course on its face, low unemployment, more people in paying jobs is a good thing. why is this adding to the problem? >> yeah, you know, doesn't sound right to the ear. the economy is booming. creating lots of jobs. half a million each and every month and we've been doing that for more than a year. that's a good thing when unemployment is really high which it has been but since we've been creating so many jobs for such a long period, unemployment now is low. it's 3.6% and headed lower. and at some point, the labor markets get so tight, there's so many unfilled positions, businesses have to pay workers a lot more in wages. they have to pass that through to their customers in the form of higher prices. inflation accelerates. inflation already is just incredibly high. uncomfortable high. in that environment, it becomes
8:53 am
a problem. high inflation, high interest rates, and if you look back historically, that's kind of the fodder for when recessions get going. that's why probabilities are so high. it's really important in addition to getting to the other side of what's going on in russia and ukraine and on the other side of the pandemic, we have to -- the economy has to slow down a bit, create fewer jobs. still create jobs, but fewer jobs so that the economy doesn't overheat and interest rates get to a place where it pushes to a recession. so it's a delicate balance here that needs to play out over the course of the next 12 to 24 months. >> let's talk about the other thing you're adding in to this equation. cnn business wrote the biggest risk to the global economy that no one is talking about, which is what's happening in china. it just reported a solid start to the year in terms of gdp growth but this latest round of brutal, draconian strict lockdowns because of the omicron
8:54 am
surge is a thing. and it's going to have ripple effects. what do you think the ripple effects could be? >> this goes try to the supply chain and inflation. this came to the floor about this time last year. when the delta wave started to hit the global economy. it shut down factories and seaports throughout most of asia, including china. that's where a lot of these supply chains begin. that creates shortages. there's no vehicles on dealer lots because the producers couldn't produce cars because they couldn't get what they needed from the factories in china. and so that same problem dynamic is starting to play out again because of this new way that's hitting china. china's no-covid draconian policies locking don everything. it hasn't rippled through to a significant degree but if they can't get their factories up and running and keep the ports running, we'll see more shortages and higher prices exacerbating all the problems
8:55 am
we've been having all along. >> talk about a delicate balance. starting to get harder and harder to see how the fed can get this right and get the country out of this without something painful happening. we'll be there together. good to see you, mark. thank you so much. >> sure thing. before we go, a reminder you can also join me every morning on the new cnn plus show "5 things" at 7:00 a.m. eastern and always available on demand. you can sign up at cnnplus.com. i'm kate bolduan. thank you for joining us today. the news continues now. "inside politics" starts after a quick break. hey, did i tell you i bought our car from carvana? yeah, ma. it was so easy. i found the perfect car under budget too! and i get seseven days to love t or my moneney back... i love it! [laughs] we'll drive you happy at carvana.
8:56 am
you don't know how much pressure you put on your septic system. but rid-x does. in a 21 month study, scientists proved that rid- x reduces up to 20% of waste build up every month. take the pressure off with rid-x. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire.
8:57 am
i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire bipolar depression. it made me feel trapped in a fog. this is art inspired by real stories of bipolar depression. i just couldn't find my way out of it. the lows of bipolar depression can take you to a dark place. latuda could make a real difference in your symptoms. latuda was proven to significantly reduce bipolar depression symptoms and in clinical studies, had no substantial impact on weight. this is where i want to be. call your doctor about sudden behavior changes or suicidal thoughts. antidepressants can increase these in children and young adults. elderly dementia patients have increased risk of death or stroke. report fever, confusion, stiff or uncontrollable muscle movements,
8:58 am
which may be life threatening or permanent. these aren't all the serious side effects. now i'm back where i belong. ask your doctor if latuda is right for you. pay as little as zero dollars for your first prescription. >> tech: need to get your windshield fixed? safelite makes it easy. >> tech vo: you can schedule in just a few clicks. and we'll come to you with a replacement you can trust. >> man: looks great. >> tech: that's service on your time. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ check out this vrbo. come on. ♪ ♪ ♪
9:00 am
hello and welcome to "inside politics." i'm dana bash in washington. john king is off today. we begin with intensifying attacks across ukraine in russia's war. in the western city of lviv, a place that's been relatively safe, it was hit by multiple russian missile strikes. at least seven people were killed and 11 hurt, including a child. one blast shattered windows in a hotel housing ukrainian evacuees. in eastern ukraine, krem
124 Views
Uploaded by TV Archive on
