Skip to main content

tv   CNN Newsroom With Alisyn Camerota and Victor Blackwell  CNN  June 15, 2022 11:00am-12:00pm PDT

11:00 am
hello, i'm victor blackwell. welcome to "cnn newsroom." we begin with breaking news, right now the u.s. central bank is announcing its decision on interest rates. the expectation is the fed will order the biggest rate hike in 28 years. this would be the most aggressive move yet from the fed to try to bring down the soaring cost of gas and food and so much more. our matt egan has the number. what is it? >> reporter: breaking news, moments ago the federal reserve announces an interest rate increase of 3/4 of a percentage point. this is an aggressive step aimed at trying to tame red hot inflation. this is the biggest single move by the federal reserve since 1994, and it means higher borrowing costs for families, mor mort mortgages, credit cards, student debt, car loans. what's amazing here is this all came together in the last few days. friday's inflation report was so
11:01 am
disastrous showing the biggest spike in consumer prices in over 40 years that the fed felt the need to move fast here to take a page out of the playbook of alan greenspan and paul volker with a very big interest rate increase, and they signaled that more aggressive steps are to come because that official said they are, quote, strongly committed to getting inflation back down to 2%. and given that it's nowhere near 2% right now, that does imply more big rate increases to come. as far as why this is happening, i think it's important to think about the economy as almost like a car on a highway, and the fed is the driver. when it needs to speed the car up, it will cut interest rates to stimulate demand. right now we have the opposite situation. it's going dangerously fast, and so the fed needs to slow things down. it's actually slamming the brakes on the economy. the problem here, victor, for the fed is if they don't do enough inflation can go out of control.
11:02 am
if they do too much, they could end up slowing the economy right into a recession. >> rahel solomon, business reporter is here with me as well. listen, a month ago 75 basis points was not on the table, not being considered, and heading into today, it was expected. what's the reaction now to what we're seeing? >> well, it looks like the investors and markets like what they're seeing. i just got off the phone with david wilcox an economist with the peterson institute and bloom beg and asked if we see 3/4 of a percent what does that signal to you? he said this is the fed trying to regain control of the narrative, that it understands the depth of this issue, that it is getting out ahead of it. this is a regaining of the narrative. when we hear from jay powell nin about 28 minutes it will be really interesting to hear his language around this. >> let's go back to matt who is there in d.c. expecting to hear from the fed chairman jerome powell in a few minutes. what's the expectation of the narratives he's trying to set
11:03 am
here? >> well, victor, jerome powell has to, first of all, explain what changed because just six weeks ago he was at the press conference for the fed, and he said that a 75 basis point move, what they just did today, was not actively under consideration, and now they're actually doing it. he also needs to explain how -- what's going to happen in the economy next? new projections that were just put out by the federal reserve moments ago show a darkening picture for the economy. the fed downgraded its gdp forecast for this year and next year. the fed is now calling for 1.7% real gdp increase. that is down from 2.8% back in march. they also increased slightly their unemployment projections and they are ramping up their inflation forecast. the fed is now saying its preferred inflation gauge, the pce metric is going to be at 5.2% at the end of this year. that is up from 4.3%, its earlier projection in march. that is nowhere near what is
11:04 am
considered healthy inflation. i think that jerome powell is going to have to try to regain some credibility here and try to explain to people exactly what they're going to do to try to get inflation back under control, victor. >> ra hhel, back to you, the experts you're speaking do they expect this 3/4 of a point will do what needs to be done? >> that's a very interesting question. in terms of monetary policy, not yet, right? because there's a lag about six to nine months in terms of what we see in terms of monetary policy and when we start to see that really reflected in the data and the economy. again, this is messaging, right? this is messaging to the markets, to households that the fed understands that inflation is not moderating even. it is accelerating, so it understands that it has to do more, and the unfortunate reality is that will likely cause some pain in the interim, right? in terms of of course inflation sort of remaining with us but also perhaps some joblessness and so that remains to be seen,
11:05 am
but it looks like some pain will be had. >> rahel solomon, matt egan, thank you both. let's bring in cnn global economist or economic analyst, rana foroohar, she's also a global business columnist and associate editor at the financial times and business journalist mark stewart. rana, let me start with you, just your reaction to the decision from the fed. >> totally appropriate. i was expecting this, even though it hasn't been on the table very long. inflation is out of control, and the fed's got to get it under control. i think also we've been seeing real coordinated messages really from the fed and the white house that, look, this is a volker moment. this is taime to bring out the big guns. it's going to make the market very, very volatile in the near-term, so folks should definitely strap in, but it's the right decision. >> mark, first thoughts? >> well, there's no question this was a data-driven decision based off of what we are seeing happening right now. i think the question is what happens next, and i think a lot of people are asking themselves are we going to move closer into a recession?
11:06 am
i can tell you every morning i wake up, i'm sure rahel feels the same way, we get emails from analysts, from bankers, all putting their spin on all of this. what we don't know is what's next, and that is truly a clear question. i think one way to think about all of this as to what's happening today and what's happening in the future is kind of like a chef trying to perfect a recipe. sometimes you need more salt. sometimes you need more sugar, but you don't want to add too much, and that's what the fed is trying to balance here. >> rana, help us understand the gravity of what just happened. first time in 28 years an increase of this size. if we're using the breaking analogy, is this -- is this a tap? is this firm pressure, or did the fed slam on the brakes today? >> it was very firm moving towards a slam. i actually like the recipe analogy. as a matter of fact, i was thinking about a souffle, you know, and the market is a sou souffle. i mean, it has been pumped up by the fed for years now, not just since the pandemic but since the financial crisis, and so we are
11:07 am
really in unprecedented territory, so you know, two-thirds of a point or sorry, 3/4 of a point rise is really unprecedented. how it's going to affect the market i think is going to be larger than it would be in the past just because there has been so much money put into the market by the federal reserve. i mean, we haven't lived through sort of a monetary experiment like this ever. so it's really uncharted territory. >> yeah, mark, what are the first indicators you'll be looking for and when to determine the impact of this decision and if it's starting to cool inflation? >> well, i think very early on we should see different sales numbers. so, for example, as we know when you raise interest rates, it costs more to borrow. so therefore things like home mortgages, auto loans are all going to cost more, in addition to paying off things like credit card debt. i think what we need to do is look at the housing data, look at the mortgage data. as we have seen every month from
11:08 am
the census, we get a good idea as to how much people are spending. if that spending cools off, perhaps that's a good indication it's having an impact. on that point of volatility you made just a moment ago, we saw the dow speak to about 340 in the green territory. and just a few seconds ago dipped into negative, now back across the line. we're seeing what is a clear reaction to the decision. >> 100%. you know, what's happening now is partly algorithms kicking in. a lot of trading is computerized right now, and it's rising and falling on certain words, certain messages. there's also an interesting phenomenon i'm going to be very curious about. a lot of retail investors have plowed into the market in the last few months and weeks. you know, you've seen a four fold increase actually in the last few months of retail investor folds. that's typical of a bubble where, unfortunately the little guy sort of gets in at the very end and then sometimes takes some of that pain.
11:09 am
the question is are people going to buy this dip and thus you're going to see the market rebound in the next few weeks, or are they going to say the fed's finally pulling the plug and they've been pretty much what's been pumping up markets so we're out, and we're going to stay on the sidelines for a while. >> i want to bring in another element of this conversation, that's paresident biden's lette to several oil companies. he's demanding they take immediate action to increase supply. we also warned that their high profit margins are unacceptable at a time of war overseas and of course soaring prices for consumers at home. cnn's chief white house correspondent kaitlan collins is here. so tell us about the decision to write this letter and how soon the administration expects some response from these companies. >> reporter: they're hoping to see action soon, but whether or not they are going to get that doesn't seem very clear right now because they put how the this strongly worded letter. the white house knows they're pretty limited in the tools they can use here, despite the president warning that he is
11:10 am
potentially prepared to use emergency authorities should these companies not increase their output like he's asking them to do. and one thing that a democratic senator has put on the table, senator ron widen is this idea of a surtax on kexcess profits y oil and gas companies, something the energy secretary was asked about when she was on cnn earlier today. >> no tool has been taken off the table, and he wants to hear from the refineries, the companies who are doing refining to see what is the bottleneck and how we can increase supply, and he's also asking of course for the oil and gas industry to increase supply as well by drilling more. >> reporter: so you heard from the secretary, they're hoping to having a meeting where they can hear ideas from oil company executives. already these companies are saying their hands are tied here. there's nothing they can do to quickly ramp up production. a lot of them say they're already operating almost at full capacity. the american petroleum institute is pushing back on this new
11:11 am
letter saying it's policy ageneral da shifting away from domestic oil and natural gas that has compounded these inflationary pressures and made things worse. the question is whether or not this issue is going to be resolved when these two sides do actually meet because, victor, you have seen the president ramping up the pressure on these oil companies. you heard him last week at the port of los angeles saying that he believes exon made more money than god last year, but a lot of these companies have said some of these facilities that they shut down was because they were not profitable during covid-19 when demand was so low. now of course they are dealing with demand incredibly high, and they say they're really operating almost at full capacity. it certainly is the president also taking a step here on the messaging front saying he's doing everything he can to bring down prices, which the white house is conceding not much in the unilateral view. >> kaitlan collins with the reporting from the white house. thank you. let's bring back now mark and rana. let me start with you on this letter from the president and the response. some of this is politics, right?
11:12 am
the back and forth between the white house and we now got this response from the petroleum institute, but to the heart of what the president is requesting here, how much would that impact gas prices? >> i think there's a lot of debate among economists and oil analysts about how much needs to be done. it would have to be a significant amount to add to this mix. i think the thing we have to remember here is that the oil companies, although we would like to think they have a big allegiance to the american consumer, their biggest allegiance is to their shareholders and to their investors, and this is a capitalist society, so they are able to operate like this. i think, though, the next few months ahead are going to be very telling if indeed oil imports from russia are cut off to europe, that could cause prices to spike, and as we've discussed before, oil being sold at anywhere from $180 to $200 a barrel, is still being discussed. so perhaps the economics will create some pressure for the oil companies, but right now they are staying in their lane of
11:13 am
what they want to do. >> rana, what's the impact of one on another, the increase of the interest rates on gas prices, on what kaitlyn just reported? >> well, it's interesting, you know, when interest rates go up, it makes debt more expensive. you know, we actually saw a few years back a shakeout in the oil and gas market. there were a lot of companies that had taken on a lot of debt to make investment. we saw an interest rate shift and actually a sort of a pullback of some of that fed easy money, and you did see some fallout in the industry. i don't think that that's going to happen now. frankly, you've got record oil prices that are likely to stay high for some time, and it must be said much of this is about the war in ukraine. certainly if you were to see europe pull russian gas offline, that would be a major, major price impact or i'm sure that's something that the white house and the fed probably don't want to see in the short-term because it would affect american consumers absolutely. one thing i'm going to be
11:14 am
watching is as energy goes up, as food goes up, are consumers cutting back on everything else? there's a lot of signs that basically any kind of expenditure that isn't absolutely necessary, a streaming service, a new gadget, you know, a toy, people are cutting back on that and that is, in turn, going to hurt companies at a time when their debt servicing is getting higher. that can mean we start seeing some bankruptcies and that will in turn have an effect on the stock market. >> anecdotally one of our correspondents heard from a woman today who because of the cost of filling up her tank couldn't buy herself a birthday present. i think it was a purse. we're starting to see consumers, all of us, make some hard decisions. rana foroohar, mark stewart, thank you. >> thank you. the january 6th committee releases new video of a republican congressman appearing to lead a tour through the capitol on the eve of the insurrection. he is now responding. you'll hear that and results from several key primaries prove former president trump's power over the gop has not waned.
11:15 am
a breakdown of the results and the bigger picture next. bogey's. they need customized car insurance from liberty mutual so they only pay for what they need. woooooooooooooo... we arere not getting you a helicopter. ononly pay for what you need. ♪liberty, liberty, liberty. liberty.♪ some people have minor joint pain, plus high blood pressure. and since pain relievers may affect blood pressure, they c't just take anything for their pain. tylenol® is the #1 dr. recommendepain relief brand r those with high blood pressure. tylenol is right f you, talk to your doctor.
11:16 am
you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit no matter who you are, being yourself can be tough when you have severe asthma. triggers can pop up out of nowhere, causing inflammation that can lead to asthma attacks. but no matter what type of severe asthma you have, tezspire™ can help. tezspire™ is a new add-on treatment for people 12 and over... that proactively reduces inflammation... ...which means you could have fewer attacks, breathe better, and relieve your asthma symptoms. so, you can be you, whoever you are. tezspire™ is not a rescue medication.
11:17 am
don't take tezspire™ if you're allergic to it. allergic reactions like rash or an eye allergy can happen. don't stop your asthma treatments unless your doctor tells you to. tell your doctor if you have a parasitic infection or your asthma worsens. sore throat, joint and back pain may occur. avoid live vaccines. by helping control your asthma, tezspire™ can help you be you. no matter who you are, ask your asthma specialist about tezspire™ today.
11:18 am
covid-19 moves fast, and now you can too by asking your healthcare provider if an oral treatment is right for you. oral treatments can be taken at home and must be taken within 5 days from when symptoms first appear. if you have symptoms of covid-19, even if they're mild don't wait, get tested quickly. if you test positive and are at high risk for severe disease, act fast ask if an oral treatment is right for you. covid-19 moves fast and now you can too. it's still the eat fresh refresh, and now subway's refreshing their italians. like the new supreme meats, topped high with new italian-style capicola. that's one handsome italian. uh... thanks. not you, garoppolo! ♪ subway keeps refreshing and refreshing and refres-
11:19 am
new footage from the january 6th committee shows a person who was led on a tour by gop congressman barry loudermilk on january 5th, 2021, taking photos of tunnels, hallways, staircases inside the capitol, and it was then back the very next day making threats against specific members of congress. the u.s. capitol police released a letter saying they found no suspicious activities or evidence that loudermilk led a reconnaissance tour. he is accusing the january 6th committee of a smear campaign. this is part of his tweet in response. this false narrative that the
11:20 am
committee and democrats continue to push that republicans, including myself, led reconnaissance tour s is verify bli false. nowhere i went with the visitors on january 5th were breached on january 6th. with me now, cnn's senior political analyst, john avlon, author of "washington's farewell and wing nuts" and margaret hoover, host of pbs firing line. welcome to you both. the reaction from loudermilk, the committee or at least the suggestion was he's leading this recontour. what do you think of his response? >> i think there's a lot of explaining to do, in part on the part of the capitol police officers because they exonerated him and the question is is it the definition of a reconnaissance tour, does that imply that loudermilk knew what he was doing that may well not be the case, but the committee's got the tapes. they released the tapes, and these are folks who are getting a tour on the day the capitol was closed to visitors, and there are folks taking pictures
11:21 am
who apparently showed up at the riot at places you don't normally take pictures. >> the receipts from one day where you see the people taking the photographs. they're back the next day, one of them on tape making threats outside the capitol. what do you make of this back and forth? >> it's troubling and one hopes that the committee really has hard sort of evidence and more there than simply sending a letter out that they released publicly. lofgren said he didn't even get it himself. so there's a real discrepancy in accounts here, and you know, it's not going so far as to say he's culpable of having helped plot an insurrection against the capitol. i mean, they're not doing that, but he does have a lot more to explain. >> and what they're asking is come forward. answer the questions. explain and he's decided that he will not do that. >> unwilling tho do that. >> that seems to be the tell in this. everyone who's testifying so far under oath in the january 6th hearing seals to ems to be sayi
11:22 am
donald trump was told he lost the election. if he refuses to take the soet a oath and testify it seems to be an admission of non-innocence at the very least. >> we heard from zoe lofgren. she seemed to suggest that the $60,000 paid to kimberly guilfoyle for her remarks at the ralliey at the ellipse that cam from donations to a trump fundraiser, this election defense fund. in fact, we've learned that it came from turning point actually a donation from the public's to that organization. factually it's not right. she calls it a grift, that's for you two to decide. what do you make of that? is that problematic for the committee? >> look, the committee at this point, all eyes are on the committee and how careful they're being in terms of how they're communicating every element of evidence to the american people. and so it's enormously important for them to be incredibly clear and accurate, and it does appear that representative lofgren
11:23 am
maybe spoke to -- >> she maybe mischaracterized it. maybe she didn't mean to mischaracterize it. look, $60,000 to speak an ellipse speech, which is to take back the big lie speech, by a two-minute speech. that's an extraordinary amount of money, regardless of what entity paid it. it also appears there's some cnn reporting that the heiress who donated that money to turning point had apparently excluded speeches from what she wanted her donation to go to. i would suggest where there's smoke, there's fire, but on the committee there can't be any misstep missteps. >> i mean, just look. the larger takeaway is how corrupting the partisan economy is and the money's all fungible and it's being flooded to sort of stop the steal rallies, and it's ending up in people's pockets where nobody intended it to go, including in this case the heiress. when the president's son's girlfriend getting $60,000, among other things it gives a little more insight why she's
11:24 am
yelling the best is yet to come because it's about to hit her bank account. >> let's talk about these primary elections yesterday. tom rice who voted for or in support of impeachment for the president, former president, lost his primary, nancy mace, she won. you tweeted out the people are reading way too much into this. why? >> look, this is about south carolina. people are really like look at that and say, look, this is because tom rice voted to impeach and nancy mace refused to support overturning the election, but then tried to back off and make nice of trump. that's a fundamental misreading of the facts on the ground. rice's district is northern coastal south carolina, myrtle beach. just to yuse an example, horry county went for donald trump two to one, so it is a hardcore trump area and that turnout for a republican primary is going to be more so. nancy mace's district went for
11:25 am
joe biden by 12 points. it is much more of a swing district and a more moderate group of republicans are going to turn out. that's why she pulled it out. all politics are local and put it through that prism. >> do you think there's anything arguably the person at the top of the congressional hit list for former president trump is vice chair of this committee, liz cheney. >> i don't think there's any argument about that. >> is there anything that can be extrapolated to that race in wyoming? >> john's right, all politics is local. all you have to do is look at that race and liz cheney, there is very -- i don't know a pollster in america who could look at wyoming and say liz cheney has a path to pull this out. her race looks a lot like tom rice's race. and by the way her district looks a lot like wyoming. >> we're playing for history stakes here. politics is history in the present tense. if tom rice and liz cheney are trying to be honorable, insist on the truth against lie, they'll be vindicated in the
11:26 am
eyes of history. >> you can die on that moral hill but then you don't have the, you know, responsibility of the american people at your behest in order to -- do the right thing, but god i'd like to see her still in congress. >> john, margaret, thank you. extreme weather coast to coast, in the midwest dangerously high temperatures have knocked out power for thousands of people, and record rainfall at yellowstone national park could force it to stay closed for quite a while. we'll take you there. of what big wireless does. they charge you a lot, we charge you a little. they put their namames on arenas, we put ours on my lower back. so naturally when they announced they would be raisingg their prices due to inflation, we decided to deflate our prices, due to not hating you. and if this were one of their ads, they would end it here with a "happy customer". so, we'll end ours with an angry goat. oh ho ho, look at the angry goat. hybrid work is here. it's there. it's everywhere.
11:27 am
but for someone to be able to work from here, making sure everything is safe. secure. consiste. so l in from here. or here. assured that someones here ready to fix anything. anytime. anywhere. even here. that's because nobody... and i mean nobody... makes hybrid work, work better. panera chefs have crafted a masterpiece... succulent, seared chicken... a secret aioli... clean ingredients... in a buttery brioche roll. made fresh, to leave you... speechless. panera's new chef's chicken sandwiches. $0 delivery fee for a limited time.
11:28 am
meet three moms who each like to bank their own way. luckily they've all got chase. smart bankers. convenient tools. one bank with the power of both. chase. make more of what's yours.
11:29 am
11:30 am
11:31 am
nearly 100 million americans are sweating through some record breaking temperatures right now. a dangerous heat wave is stretching across large portions of the country. now this excessive heat is testing power grids and forcing closures, including in detroit where public schools are closing early for the rest of the week. in central ohio, tens of thousands of people are without power. the heat index in columbus is expected to climb near 110 degrees. and yellowstone national park is closed again today, record flooding forced evacuations, and people in some nearby communities are stranded there without safe drinking water. cnn's nick watt is with me from gardner, montana. so parts of yellowstone may be shut down for quite a while. what's happening? >> reporter: well, victor, the northern entrance, which is
11:32 am
where we are is going to be closed for months, probably for the rest of the summer at least. why? there is only one road into the park through this northern entrance and the yellowstone river has washed it away in multiple places. it's going to take months to fix that. so gardner, this town, the gateway to the park has basically become a ghost town. i just bumped into one of the county commissioners. he said we need help. i also spoke with a woman who runs an inn here. take a listen to what she had to say. >> do you have anybody staying at the moment? >> i think we have one person, they might have czech ohecked o this morning. and we were booked i live right across the street. >> we were booked solid for a year. we were booked for a year.
11:33 am
>> and so how did this happen? it's basically climate change impacting people's livelihoods. there was a huge dump of snow late in the snow season. there were very high temperatures early in the summer season and there was rain, and that all combined to basically raise the yellowstone to levels never recorded before, and they had they reckon about three months of worth of water barreled down here in the course of just three days. now, where i'm standing, jim, if you pan over, i think we've all seen the pictures of that house floating away. that house used to be here, and it is no longer. i don't want to get any closer to there because the river is running underneath us now. they are going to lose more. all of this was actually predicted by a u.s. geological survey study last year in montana that said there would be more rain, there would be earlier heavier snow melt, basically this would happen and it just has, and this is also not over even for now. there's about 12 inches of the snow pack still left up there.
11:34 am
there are high temperatures in the 60s and 70s, forecast for this weekend, so the fear is there is going to be more snow melting. the river's going to rise and there could be more damage. victor. >> wow, nick watt for us there in gardner, montana. thank you, nick. a chief gop negotiator on gun reform is casting some doubt on when we'll actually see the text of a bipartisan bill. he says key issues still need to be ironed out. democratic senator cory booker joins us next to discuss. ♪ my relationship with my
11:35 am
credit cards wasn't good. i got into debt in college and, no matter how much i paid, it followed me everywhere. betweethe high interest, the fees... i lt trapped. debt, debtdebt. so i broke up with my credit cardebt and consolidated it into a low-rat personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt. get a personal loan with no fees, low fixed rates, and borrow up to $100k. go to to view your rate. sofi. get your money right. ♪ better luck next time. but i haven't even thrown yet. you threw good money away when you bought those glasses. next time, go to america's best - where two pairs and a free exam start at just $79.95. can't beat that. can't beat this, either. book an exam today at
11:36 am
♪ i want to rock and roll all night ♪ ♪ and party every day. ♪ ♪ i want to rock and roll all night ♪ applebee's late night. because half off is just more fun. now that's eatin' good in the neighborhood. we need to reduce plastic waste in the environment. that's why at america's beverage companies, our bottles are made to be re-made. not all plastic is the same. we're carefully designing our bottles to be 100% recyclable, including the caps. they're collected and separated from other plastics, so they can be turned back into material that we use to make new bottles. that completes the circle and reduces plastic waste. please help us get every bottle back.
11:37 am
11:38 am
11:39 am
today the white house announced an additional $1 billion in new military aid to ukraine. now, it comes as u.s. intelligence believes the war is reaching a pivotal stage. russia continues to make some important gains in the east while ukraine burns through ammu ammunition. it's an issue defense secretary lloyd austin addressed with his counterparts from close to 50 countries earlier today. cnn's orr n lieberman joins us from the pentagon. what would be included? >> reporter: this is a $1 billion package. part of this will come directly from u.s. inventories, about a third of it. the other two-thirds would come from the ukraine security assistance initiative where the
11:40 am
u.s. will contract with arms to get those weapons to ukraine. 18 more howitzers and 36,000 rounds of ammunition on top of what the u.s. has already sent in as well as ammunition for the high mars system, a multiple launch rocket system, the training on that just completed today, so that weapon one of the most powerful and advanced weapons the u.s. has sent in. that should be in the fight by the end of the month. in terms of what the u.s. will contract, two harpoon coastal defense systems, so those will also at some point be joining the fight to protect ukraine's coasts from the russian navy that's operating in the black sea. in terms of why this is so critical, russia has made incremental but as you pointed out, important gains in eastern ukraine. ukraine is fighting back. the top u.s. general says the outcome here not inevitable. >> it's not a done deal. there are no inevitabilities in war. war takes many, many turns. so i wouldn't say it's an inevitability, but i would say that the numbers clearly favor
11:41 am
the russians in terms of artillery. they do outnumber, they out gun and out range, you've heard that many, many times, and they do have enough forces. the russians have run into a lot of problems. they've got command and control issues, logistics issues, morale issues, leadership issues and a wide variety of other issues. >> other countries have also committed to send in following this main form, including germany which will send in three of its own multiple launch rocket systems. victor. >> i see you're not at the pentagon, clearly it's not at brussels, you're at nato headquarters where the secretary of state is today. will met e ask you about two american fighters missing in ukraine, feared captured. what do you know? >> victor, we just have some basic information here, but let fill you in, two american fighters who were fight alongside ukrainian forces are missing. they've been missing for about a week now, and the fear is that they have been captured by russian forces. their names as we've learned are
11:42 am
alexander john robert druk, he is 39 years old, is andy winn, 37 years old. both men are from alabama. from a man who was acting as their team sergeant who wished to remain anonymous for his own security reasons, they were fighting north of kharkiv in northeast ukraine on june 9th when there was a very heavy fight, and that's where they went missing. the fear is that they were captured by the russian forces. the state department says they are aware of these unconfirmed reports and they are in touch with ukrainian authorities but won't say any more than that at this point. >> thank you. happening now, federal reserve chairman jerome powell is speaking to reporters after issuing the largest interest rate hike in 28 years. we have some new developments. '. that disagreement ends right now. lactaid ice cream is the creamy, real ice cream y you loe that will nenever mess with your stomach. lactaid ice cream.
11:43 am
11:44 am
welcome to your world. your why. what drives you? what do you want to leave behind? what do you want to give back? what do you want to be remembered for? that's your why. it's your purpose, and we will work with you every step of the way to achieve it. at pnc private bank, we'll help you take care of the how. so tell us - what's your why? ♪ >> tech: cracked windshield? schedule with safelite, and we'll come to you to fix it. >> tech vo: this customer was enjoying her morning walk. we texted her when we were on our way. she could track us and see exactly when we'd arrive. >> woman: i have a few more minutes. let's go! >> tech vo: we came to her with service that fit her schedule.
11:45 am
>> woman: you must be pascal. >> tech: nice to meet you. >> tech vo: we got right to work, with a replacement she could trust. >> tech: we're all set. >> woman: wow. that looks great. >> tech: schedule now at >> singers: ♪ safelite repair, safelite replace. ♪
11:46 am
this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app.
11:47 am
right now on capitol hill, some mixed messaging on when we'll actually see a gun safety deal, the actual legislation. republican chief negotiator senator john cornyn says it may not happen at the end of this week because he's still concerned about a couple of key issues. cnn chief congressional correspondent manu raju has talked with the republican lead negotiator. what are these issues? >> reporter: yeah, there are two issues that they're trying to hammer out, remember, this group, 20 members, ten
11:48 am
republicans, ten democrats. they did agree on an outline, but they are trying to turn that into detailed legislative text, which is proving to be a difficult issue. the two issues they're trying to sort out, red flag laws. these are the laws that states can adopt to essentially allow authorities to take away firearms from individuals who are deemed a risk. there's talk in this legislation to provide funding for states to adopt these laws, and also, the issue of the so-called boyfriend loophole, closing that loophole, allowing people, domestic partners who have been convicted of misdemeanor offenses related to domestic abuse, denying their access to firearms. but cornyn indicated there is still disagreement about how to deal with that red flag law funding as well as how to define who would fall under that so-called boyfriend loophole. >> one of the issues has to do with whether the funds that we will vote for will be available to states that don't have red flag laws but do have crisis
11:49 am
intervention programs and things like mental health courts, veterans courts, assisted outpatient treatment programs, things like that. the other issue has to do with the way that nontraditional relationships are handled in terms of domestic violence, misdemeanors. we've got to come up with a good definition of what that actually means. >> now, these negotiators are planning to meet this afternoon to deal with those differences. i did ask cornyn whether it would be a heavy lift to get a deal by the end of this week, finish the legislative drafting by the end of this week. he said maybe not a heavy lift, but it will be a lift, and the goal i've been trying to pass this next week. and the big reason why there is a dispute over that red flag law issue is because conservatives in particular are concerned about incentivizing states to do this saying allowing these laws to go forward could deny people their second amendment rights. >> so some work still --
11:50 am
>> i don't think we should be spending taxpayer dollars to encourage states to take away weapons from law-abiding taxpayers and u.s. citizens, so i've got major concerns about that. >> red flag laws need investment of hundreds of millions of variety of other crisis intervention modes that also help save lives. >> reporter: so the democrats are saying there needs to be actual details to ensure that these states don't just take the money and use it for other issues, but actually are implementing the red flag laws. republicans are saying the money should allow states to do other issues, such as crisis intervention centers, rather than just implementing new red flag laws. that dispute continues. the question is can they resolve it this week.
11:51 am
joining us now to discuss is senator cory booker. he's part of the bipartisan group of senators working on this. senator, thank you for your time here. i hope you heard some of the concerns that senator cornyn expressed about the boyfriend loop hhole loophole, also the funding for red flag laws in states. are those concerns you think will be solved pretty shortly? >> i was in conversations about this earlier. i'm hopeful we can work through some of these challenges. the reality is we know, and both sides of the aisle fknow, that the same reason we're restricting spouses, these nontraditional relationships is often we're getting the same levels of violence manifested through gun violence. there's an urgency. there's good intentions on both
11:52 am
sides. i think we can work through this. >> when do you expect there will be a bill for senators, for the public to read? >> i'm encouraged. there is, again, on both sides senator cornyn on his team and chris murphy, both want to get it done asap. to me they're hoping they can get something done before the week is out. >> you still think that's possible? >> i see some of the drafting challenges as we were discussing earlier today. we're pushing hard. this is always where the rubber meets the road. i've been around washington, d.c., for eight years as new jersey's senator. this is the most good intention i see, people really leaning into this, trying to answer the public's cry to get something done. we know the stakes are high. clearly it's not going to solve everything. if we get it done, it's the greatest gun safety legislation we've passed in 30 years. >> you say it's the greatest
11:53 am
legislation in 30 years, i read a piece in the "new york times," they spoke with a man who survived the pulse shooting in 2016. he supports it. he says it's something. he supports the elements, but he also said it's the bare minimum of the bare minimum. you say it's significant. what do you say to those people that say it doesn't feel like enough? >> i tell them come to my community. when i was mayor of the city of newark, so many guns were coming into our city. we've been fighting for it for years and it becomes a significant federal penalty. number two, we're a nation that has a lot of folks that get guns and we know they're showing early warning signs, it can be prevented, the bolstering of red flag laws will save lives. the boyfriend loophole, we've been trying to close that for
11:54 am
years and years as so many women who have a significant other who murdered them, this is something that could -- if we get it right, it can save lives. yes, it's a step in the right direction. does it get us where we need to go? will we still have an epidemic of gun violence? yes, we still have a way to go. mass shootings are horrific, but they're a small percentage of shootings in america. there's an urgency. lives depend upon us to get something done. >> getting from the agreement on the framework and you have 10 republican senators -- let's make it 11. we heard some positive comments from mitch mcconnell as well. getting from that point to ayes, we have a lot of work to do. gun lobbies of the nra wrote this is our do or die moment.
11:55 am
we need one senator to change course in order to rip gun control to pieces. are you confident you'll have these senators when it's time to cast those votes? >> i have reasonable confidence we can get it done. i know they're going to face a lot of backlash. this is what i predict. if and when we get this done, all the fire and brimstone that's supposed to rain down on senators is not going to appear. how do i know that? in states like florida where they passed moderate gun safety laws, people that voted for it, none of them lost their office. these are paper tigers when it comes to the general electorate where the majority of republicans agree with common sense legislative changes. >> that was the argument in 2013 when the vice president came to congress and said we have to do something. here's the list of polls that show most americans want universal background checks. they want this list of gun
11:56 am
safety elements. that went nowhere. when you say you're confident there will be no backlash, that these groups are paper tigers, history would suggest they're not. >> again, i give you the facts of folks in purple and red states. because of the organizing of groups like moms demand action and parkland kids, there's been a lot of gun legislation passing on the state level and very few people are losing office because of that. on the federal level, how many parklands, now newtowns, how many churches and synagogues have to happen until we do something? until this moment i haven't seen 10 republicans willing to get on a modest change like this. we have that now. never before seen in my time in the senate or the years before. this gives us hope, but hope is the act of conviction. despair will never have the last
11:57 am
words. we'll stay active until we get something done. >> you said on foreign relations -- we heard from the majority whip, dick durbin, who is concerned about the president's planned visit to saudi arabia. of course the u.s. intel community says he's responsible for the murder of jamal kashogi. are you concerned? >> is the president doing the right thing going to saudi arabia, which it's not just about the oil prediction? i believe the president is doing the right thing. i believe we have a complex
11:58 am
relationship with saudi arabia, but when it comes to iran and dealing with israel and many more things, it's important we have dialogue and engagement with saudi arabia. >> senator cory booker of new jersey, thank you, sir. >> thank you very much. this just in to cnn dr. anthony fauci has tested positive for covid-19. details ahead. the suncare brbrand used most by dermatologists and their families, neutrogena® for people with skskin. i had been giving koli kibble. it never looked like real food. with the farmer's dog you can see the pieces of turkey. it smells like actual od. as he's aged, 's still quite energetic and youthful. i really attribute thato diet. get started at the eat fresh® refresh just won't stop! now, subway® is refreshing their catering. we're talking platters fit for any event, like throwing yourself an over-the-top party. who would do such a thing?
11:59 am
yeah, i wonder. subway keeps refreshing and refreshing and re- are you haunted by your cable service? have you noticed strange, frightening fees on your monthly bill? do you experience feelings of dread when you pass by your cable box? if the answer is yes... who you gonna call? directv stream. now save $30 over 2 months. my mental health was much better. my mind was in a good place. but my body was telling a different story. i felt all people saw were my uncontrolled movements. some mental health meds can cause tardive dyskinesia, or td, and it's unlikely to improve without treatment. ingrezza is a prescription medicine to treat adults with td movements in the face and body. it's the only treatment for td that's one pill, once-daily, with or without food. ingrezza 80 mg is proven to reduce td movements in 7 out of 10 people. people taking ingrezza can stay on their current dose of most mental health meds. don't take ingrezza if you're allergic to any of its ingredients.
12:00 pm
ingrezza may cause serious side effects, including sleepiness. don't drive, operate heavy machinery, or do other dangerous activities until you know how ingrezza affects you. other serious side effects include potential heart rhythm problems and abnormal movements. it's nice people focus more on me. ask your doctor about ingrezza, #1 prescribed for td. learn how you could pay as little as zero dollars at top of a brand new hour on cnn. good to have you. i'm victor blackwell. the federal reserve announced its biggest interest hik


info Stream Only

Uploaded by TV Archive on