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tv   CNN Newsroom  CNN  January 22, 2012 5:00pm-6:00pm EST

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month. thanks so much for tuning in to this special hour of politics. join us every sunday at 4:00 eastern time. now stay tuned for more news here in "the newsroom." hello, everyone. i'm fredricka whitfield. we're voluming two developing stories now. arizona congresswoman gabby giffords is resigning this week. she says she's getting better, but wants to focus on her recovery. we'll talk about her legacy and what comes next. and an outpouring of grief for legendary penn state coach joe paterno. hours after his death, we're hearing from family, fans, players and people involved in the jerry sandusky sex abuse investigation. we begin with the gabby giffords announcement. giffords released a video statement online just hours ago saying she has to focus on her recovery. >> i don't remember much from that horrible day, but i will
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never forget the trust you placed in me to be your voice. thank you for your prayers and for giving me time to recover. i have more work to do on my recovery. so to do what is best for arizona, i will step down this week. i'm getting better. >> let's bring in athena jones in washington. so, athena, what kind of reaction is pouring in? >> well, we're getting a lot of reaction there was a lot of love and support shown to congresswoman giffords after the shooting last year. you remember in august when she returned to the house chamber to vote on the debt ceiling bill, she got a standing ovation from her colleagues. so today we have seen reactions from both sides of the oil. democratic leader nancy pelosi
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released a statement saying in part, i join all my colleagues in congress in thanking gabby for the honor of calling her colleague and wishing gabby and mark great success and happiness. and house speaker john boehner released a statement saying i salute congresswoman giffords for her service and the courage and perseverance she has shown in the face of tragedy. she will be missed. so those are some of the kinds of statements that we're seeing. we also saw a statement from arizona governor jan brewer thanking giffords for her service. she mentioned giffords' office released a statement to accompany this video and said in that statement that congresswoman giffords, one of the last, will be to go and complete the congress on the corner event she had planned to hold last january 8th at a tucson super market and that event was interrupted by this gunman. he ended up killing six people, wounding 12 others in addition to giffords. she'll be going back and having a private gathering with some of the people who had come to the
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event to see her and meet and greet her. she'll be attending the president's state of the union address this tuesday evening here at capitol hill. >> all right, thanks so much. athena jones. so gabby giffords was elected in 2006 to represent arizona's eighth district in the u.s. house. she was one of 13 people shot during that tucson congress on your corner event that athena was explaining there at a grocery store. six people died in that rampage. the alleged shoot, jared louf er in has been found to incompetent to stand trial. let's bring in our senior congressional correspondent dana bash. she's joining us on the phone. you've been covering giffords' career. tell us what some of your sources are saying about her announcement. did they see this coming? >> well, i actually spoke with one of congresswoman giffords' very good friends, the chairwoman at the dnc, debbie
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wasserman schultz. she knew about this for a couple of weeks and that congresswoman giffords effectively made this decision or this idea came into focus when she returned to tucson for the year anniversary of the shooting, which, of course, as you mentioned was a couple of weeks ago. and it was then that she realized that going full force in terms of approaching her recovery and also trying to do her job as a member of congress, she couldn't really do the two things at once. as congresswoman debbie wasser someo man schultz told me, gabby doesn't do anything halfway. and she realized the recovery and doing it right will take, quote, years, not months. that's why she decided to do this, to step down. obviously athena was talking about the statements coming frout both sides of the aisle. politically, republicans would love the chance to pick up a seat in the house that he is
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actually may do here. but nobody, even as partisan as things get on capitol hill, nobody wanted to see gabby giffords leave congress this way. >> so courageous. everyone wishing gabby giffords the best. dana bash, thank you. we're also following the loss of a college football legend. penn state students, alumni and supporters are mourning the death of joe paterno, paying tribute at a statue outside beaver stadium. susan candiotti has been there all day. what are people saying there? they're leaving lots of flowers and mementos as well. >> they are. in fact, everyone here had someone inkling that something was going wrong that joe paterno's condition had worsened when the family put out a statement late saturday night that his health had turned serious, over complications surrounding the treatment he had been receiving for his lung cancer. and then we received word this morning that overnight the
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legendary coach joe paterno had passed away. ever since last night, people have been coming to this iconic statue of joe paterno ever since, leaving behind as you said flowers and candles and all kinds of mementos. the family issued this statement about their loss, reading in part, he died as he lived, he fought hard until the end, stayed positive, thought only of others and constantly reminded everyone of how blessed his life had been. of course, all of this comes amidst that scandal that erupted here at penn state, surrounding a criminal investigation of paterno's former assistant coach jerry sandusky who is criminally charged with child abuse. that never touched joe paterno directly, but certainly indirectly and toward the end of his life, he had said that he wished he perhaps could have done more when he learned about suspected child abuse back in
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2002. yet many supporters here say they will always love him. >> he's more than a coach. his family is one of the family. aside from all that has happened, this is different. it is all the people that have come to pay respects to him and it is joe -- joe was penn state. he made penn state. >> we're still going to love him no matter what anybody else said. it wasn't joe's fault. we're still going to love joe paterno forever and ever. period. because we are penn state. >> we don't know about funeral plans as yet. and the university is also going to be scheduling a memorial for him at some point for the man who was considered to be the heart and soul of penn state. fred? >> susan candiotti, thanks so much. so paterno's history with penn state dates back more than 60 years. he was named assistant coach in 1950. he became head coach in 1966 over the course of his career,
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he logged 409 wins, more than any other division one coach in college football history. under his leadership, the team won two national championships, 1982 and '86. paterno was fired last year amid child sex abuse allegations against his assistant coach jerry sandusky. so given all that history, it is no surprise the world of college football and the wider sports world are mourning cnn's sports mark mckay is here to talk about paterno's impact. we're talking about half a century in football, college ball. >> known as joepa by so many, you saw the emotion on the part of the fans and the coaching fraternity has spoken out. we heard from nick saban. he said, quote, paterno was going to do what was best for college football. i think that should be his legacy. we have also heard from south carolina's steve spurrier. it was sad how it ended, but he was a great person and great coach.
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it really does speak, fred, to the dichotomy of this, such a world renowned person when it came to doing things right in the field, but toward the end, what he may have not done in such a wider scope is going to tarnish this legacy. >> it really is interesting because it was difficult for a lot of supporters of joe paterno to come out shortly after the allegations surfaced because people were quite reserved, weren't sure what his role was, how much he knew et cetera, however, upon his passing, just a flood of sentiment of people who are trying to talk about his football legacy and less about the fall from grace. >> amazing you said that. that's the way i felt it today, since we knew about 10:15 eastern time. we have seen sights like this this is indiana. they hosted penn state in college basketball today. a moment of silence held for joe paterno. you know what he did? he did it right. he, on the field this was a team
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that, you know, he graduated the players. there was an incredible graduation rate. he had all americans as well. when it came to a sterling program, on the field, there was nothing that anybody could say bad about joe paterno and his legacy on that side. >> franco harris among those who are talking about the loss of joepa. thanks so much, mark mckay, appreciate that. meantime there is new audio coming from that deadly cruise ship disaster in italy that we want to share with you coming up. you'll hear from the captain who is accused of abandoning ship. you'll hear what he said when asked if he would actually stay on board. and, after taking heat on the campaign trail about his fnz, mitt romney sets a date to release the tax returns.
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[ male announcer ] stop the uh-oh fast with kaopectate. in italy, another body found in the shipwrecked cruise liner off the coast of tuscany. search and rescue teams located the body of a woman. the discovery raises the death toll to 13 and there is also new audio surfacing today of the ship's captain who was blamed for last weekend's disaster. he's talking to the coast guard as the crisis unfolds. >> i just went out on the deck to see if we were leaning towards the mountain, to see what was going on. please hang on a second. captain, one question, everybody will abandon ship or somebody will remain on board. i will stay here. >> will it be just you or somebody else will remain on the ship? >> i think it will be just me.
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>> at least 20 people are still missing. checking other international headlines, a northern nigerian city targeted by bombs and gunfire is on edge today after blasts killed at least 157 people. police headquarters and other government buildings were destroyed in these attacks. nigeria's president toured the damage today. in india, oprah winfrey is visiting. she was greeted by a large crowd at a literary festival. she says the trip is the greatest experience she ever had. in china, the chinese new year starts tomorrow. celebrations are already under way around the world. china says good-bye to the year of the rabbit and hello to the year of the dragon which symbolizes courage and prosperity. all eyes, political eyes are on florida before heading to the next big battleground.
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the presidential candidates open up on issues like race, taxes and winning the white house.
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one day after his big win in the south carolina primary, newt gingrich and other gop presidential hopefuls are headed to florida, but not before hitting the sunday morning talk shows. here are the highlights. >> as long as they discovered that -- >> 25 times. >> i will release my tax returns for 2010, which is the last returns that were completed, i'll do that on tuesday of this week. i'll also release at same time an estimate for 2011 tax returns. so you'll have two years. >> one of the reasons i think people in south carolina voted for me was a belief that i could debate obama head to head, that i could convey conservative values. >> i would disagree with newt that he's the conservative standard bearer. newt is the guy that, you know, that in my opinion is a very high risk candidate. >> aides are quoted overnight as saying that you're also going to make newt gingrich's character an issue.
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how so? >> well there is no question but that leadership is the key attribute anyone should look for in considering a president. we have differences on issues. but leadership, the capacity to move others and to accomplish various ideals is something you look for in the person that will guide the nation and character is a big part of leadership as is vision, sobriety, steadiness. >> i'm a 68-year-old grandfather. i've done things in my life that i regret. i had to go to god for forgiveness and reconciliation. i think i'm the person best prepared to know how to get this country back on the right track. >> president obama is the most successful food stamp president in american history. >> are you saying you think he's a racist? >> no. i never used that word. and i don't ever call anybody anything that resembles that. >> you're saying -- >> i'm saying he's appealing to an element in this party that will see president obama as
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different from all other presidents that we have had. >> african-american. >> there is only one thing that makes him different from all the other presidents we had. >> i think it is unfortunate that liberal leaders, whatever their ethnic background, can't have an honest open debate about policies that fail. the fact is far more whites than blacks are on food stamps. the fact is i've been talking about food stamps both with regard to speaker pelosi and with regard to president obama since august of 19 -- of 2010. >> why not demand that if he wants the payroll tax cut, he has to approve it? >> it comes with it. you want the payroll tax cut, the pipeline goes with it. >> all options are on the table. the keystone pipeline is a bipartisan issue in the congress. a lot of people want this pipeline built. the president is just saying, hey, i'll take care of this, but
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i'll do it after the election. i know i'm going to irritate anybody who might think about voting for me. it is time for the president to say yes. >> straight ahead, cnn goes in depth and looks at the high cost of running for office. . and three teens wrongly convicted of murder spend 20 years in prison now in park city utah. the west memphis three are the darlings of the sun dance film festival. my own restaurant. i want to be a volunteer firefighter. when i grow up, i want to write a novel. i want to go on a road trip. when i grow up, i'm going to go there. i want to fix up old houses. [ female announcer ] at aarp we believe you're never done growing. i want to fall in love again. [ female announcer ] discover what's next in your life. get this free travel bag when you join at
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a documentary about the west memphis three and their wrongful convicts for murder is getting a whole lot of attention now at the sun dance film festival. let's bring in nichelle turner from park city, utah. good to see you. we go way back. welcome. you're one of the newest faces here on cnn. good to see you. let's talk about this documentary -- >> thank you, i know they said -- >> go ahead. sorry. >> yeah. no, no, no, go right ahead. >> okay. we'll have to talk later. so let's talk about this west memphis three. there have been a whole lot of high profile documentaries about this very case. what makes this one different? >> well, you know, it is funny, fred, because one of the things
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that this -- that has happened with this case, you know, there have been a number of documentaries made about it. it wasn't until peter jackson stumbled upon one of the earlier documentaries in 2005, saw this, saw the information that was out there and said what's going on, why are these people still in jail, why hasn't this been resolved and started championing this cause. other celebrities got involved. he funded this project. and that's when kind of the swell happened with these guys and damian, i spoke with him. one thing he told me is it wasn't until this particular documentary, west of memphis, that he felt like really spoke from his voice. both him and his wife had a hand in producing this. so he said, you know what, he really felt like it told their story through their eyes and that's really what made people stand up and take notice. >> one of the big ones now is really looking forward to is snow.
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snow. >> it is small, but come on. >> i haven't felt snow in almost 20 years. we were talking a few minutes ago, we had a snowball fight scheduled. >> so that was damian when i was speaking with him yesterday. he was talking about some of the things he was experiencing now that he has been out. you know, he was in prison for 18 years on death row. he's been out only a little more than four months. and he said those little everyday things that sometimes we take for granted like seeing a snowfall are some of the things that ra little touch his heart and he was, i have to tell you, so excited about having the snowball fight yesterday. he also said one of the other things that he really is excited about these days, being able to figure out and use an atm card. he said now he's figured it out and it is a lot of fun, which i said, watch out. >> a lot of people don't realize how much has tran spired in 18 years. 18 years of his incarceration and other milestones that have
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happened and so many other people's life experiences. so what has been the reaction so far from the documentary there at sun dance? >> well, there has been a very good reaction. they did debut the film. they were nervous about this because damian said this this is his life, but there has been a really positive outpouring when people have seen this documentary. but the thing that the filmmakers told me and they are very adamant about this, they will not be satisfied and they will not rest until these three men are fully exonerated and they wanted to make it clear that they also are searching for justice for those three murdered little boys. and they feel like that there is some answers out there and they're still trying to find those answers. >> all right, nichelle turner, thanks so much. enjoy park city, still one of my favorite cities of the land. we'll catch up. i'll give you a call. welcome. all right, now let's talk money. and prepaid debit cards. before you get one, you've got
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to read the fine print. in this week's smart is the new rich, christine romans tells you what you need to know before you sign up. >> the concept of a prepaid debit card is simple. add cash and subtract for each payment you make. that's the simple part. it controls your spending and avoids debt. here is the bottom line on prepaid cards. it can be more complicated. be wary. they're useful only if you're trying to stick to a budget or want to give it instead of a credit card to your college bound kid. there is a long list of fees and fine print that could end up costing you way too much, depending on the card. you can even be charged for just checking your balance there are often fewer protections than a debit card or credit card if you lose it. listen to how time magazine boils it down. consumers who use prepaid debit cards as a substitute for mainstream financial products are relegated to an economic underclass that prevents them from borrowing or obtaining credit on the best terms. ouch there are alternatives and getting into the banking system will help your credit use a
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debit card from your credit union. look for a credit union first or a low fee bank. if your debt is a problem, get it under control, talk to a nonprofit credit counselor. head to the national foundation for credit counseling site to find one near you. for smart is the new rich, i'm christine romans. as the penn state family mourns the loss of an icon, they knew as joepa, so do his colleagues including former rivals. coming up, my conversation with a coach that he faced twice in bowl games, former florida state coach bobby bowden. in america, we believe in a future that is better than today. since 1894, ameriprise financial has been working hard for their clients' futures. never taking a bailout. helping generations achieve dreams. buy homes.
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our top stories now, gabby giffords will step down from congress this week. the arizona congresswoman was set a year ago this month. today she announced on facebook and youtube that she will resign. >> i have more work to do on my recovery. so to do what is best for arizona, i will step down this week. >> just ten minutes ago, president barack obama released this statement about miss giffords. he says, giffords will remain an inspiration to all whose lives she touched. myself included. and i'm confident that we haven't seen the last of this extraordinary american.
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another top story, the death of penn state legend joe paterno. among those mourning his loss, a former rival, florida state legend bobby bowden. he and paterno battled it out for the most division one a wins for about a decade until bowden's retirement in 2009. he joins us now by phone from tallahassee. so glad you took the time out, coach. so your initial thoughts on the passing of joe paterno? >> well, i'm probably like everybody else, i wasn't ready for it. joe's always been here. why is he gone? i was coaching last night and the -- in boca raton at an all-star game. i was coaching north side. howard citizstennenburger, he's 76, 77, and we were sitting there and talking and somebody
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told us joe died and somebody said no he didn't. and so we got to talking about it. about how much he meant to football, and then of course when i -- after the game, i still don't know what had happened, and i flew back to tallahassee this morning. got home at 10:00 and my wife said he has died. and so i -- like i say, i'm not ready for that. i wasn't ready for that, you know? always had him, i'm just not used to him being gone. >> the general public learned of his illness, his fight of cancer at about the same time the allegations against his assistant coach surfaced, following joe paterno's firing. did you know of his illness before the general public did? >> i didn't know about his illness until after this happened. no, i did not know. i can't hear you. you got to speak up. >> and i wonder, you know, for
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you, when you think of the legacy of joe paterno, many have been thinking that his legacy was overshadowed by the investigation, the allegations of his assistant, former assistant coach. in your view, when you look at his legacy, is it being overshadowed by this last chapter of his position as head coach? >> i think it will be divided. i think people who know joe, people who played for joe, people who coached against joe, people who live up there around joe, i think they will remember the good things. because he's got a million contributions he's made. now the people who don't know joe and only know what they read in the pap, yeah, they'll think of this sandusky thing, when his name is mentioned. they'll think of him. but people that know him, i mean, i'm not going to let myself think of the sandusky thing. i'm always going to remember joe for what he contributed. >> and his contributions span a
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half a century, which is really extraordinary. at the same time, do you see that kind of history-making, particularly, you know, as it pertains to college football? that can't possibly be repeated, can it, in your view? >> i cannot hardly hear you. >> well, let me try and repeat that question then. we're talking about a legacy that spans more than 50 years for joe paterno. do you find that, you know, that is nearly impossible for anyone else to be able to repeat that kind of legacy, that kind of staying power in college football? >> i don't think it will happen again. i don't think it will happen again. he coached so long. i think joe coached longer. i think i'm after them. but the way it is structured nowadays, i can't see a coach coaching that long in division 1a. some smaller leagues, yes. in division 1a, because coaches
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get fired so easy now or coaches are making so much money, they can retire earlier or the schools are less -- they won't say what they coach now like they used to. you see a five-year contract and they honor it. now you got a five-year contract and they fire you after two. i don't think we'll see that long-term again, like joe paterno. >> bobby bowden, thanks so much, formerly of florida state, thanks so much for your time. of course, our condolences going out to all of his friends and family members. in italy, a survivor of the shipwrecked cruise ship are finding a safe haven. we'll take you there and meet the pastor who is providing so much comfort there. and the cost of running for political office, a look at the challenges that two first time candidates faced while fund-raising. to pick up some . a new belt. some nylons. and what girl wouldn't need new shoes?
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yemen's president will come to the u.s. for medical treatment, but a yemeni official said president saleh will stop at a neighboring country first. yesterday, yemen's parliament gave him immunity from prosecution over the deaths of government protesters in exchange he agreed to step down after 33 years. saleh was injured in an attack on his presidential palace back in june. now to italy where families of the 19 people still missing
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in that cruise ship disaster keep praying for the safe return of their loved ones. they gather in the same church where the cruise ship survivors went to seek shelter the night of the accident. dan rivers introduce us to an italian paster who offered a safe haven to those most in need. >> reporter: watching over the wreck of the costa concordia is a church. amid so much sorrow, it has drawn in the families of the missing to pray for the safe return of their loved ones. but the priest at the center of this tragedy. the church was where hundreds of wet and cold passengers sought shelter in the chaotic hours after the accident. most still wearing their life jackets. there was barely room to stand. the church had suddenly become an emergency center with human
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drama playing out below the fine frescoed ceiling. the father shows me a life jacket, rope and bread that survivors brought in. >> these are from the costa concordia as well, tabernacle. in the church, in the little church of the costa concordia. >> reporter: he says they will now form part of a permanent memorial exhibition in the church, along with other precious items from the ship's chapel. and there were harrowing moments as well, frantic families searched for missing children. he says the parents of a french boy and girl were sitting just over there. he says they asked me if i saw them. i said i don't know, maybe they were here, but i explained to them, it wasn't very probable. it was difficult to explain, he says. this woman is a nun from the philippines. she was also busy helping some 20 children and several babies who had been plucked from the ship.
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were they very cold when they arrived? >> yes, they are scared of what happened. >> reporter: the church has strong maritime traditions. this bronze plaque of jesus in a boat is where local sailor offer thanks for their safe return from sea. but on friday the 13th, some passengers on the costa concordia didn't make it ashore. now the bells of san lorenzo echo across the bay where they so cruelly lost their lives. the church played a critical role in helping those who survived this disaster, and it also has become the focus for prayers of families of those who are still missing as hopes fade of finding anyone else alive. dan rivers, cnn, on giglio island, italy. and back in this country, running for political office doesn't come cheap. two first time candidates talk about the challenges they face raising money. all energy development comes with some risk,
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new capzasin quick relief gel. (announcer) starts working on contact and at the nerve level. to block pain for hours. new capzasin, takes the pain out of arthritis. let's stalk about the 2012 presidential contenders and the outcome of the south carolina primary. today, newt gingrich is celebrating a come from behind victory in south carolina. gingrich captured 40% of the vote, beating mitt romney by 12
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points. also today, romney announced he will release his 2010 tax return come tuesday. he'll also release an estimate of his 2011 tax liability information, he says. romney admits it was a mistake to hold off on leasing his returns, calling the controversy quite the distraction. here is a look at where the contenders will be this week. they're all in florida. the republicans, that is, campaigning ahead of that state's primary. january 31st. on tuesday, and thursday, all four gop candidates are participating in the debates. and this week in jacksonville, and then the president is also on the road this week. he'll be traveling to five states in three days, visiting all places where the gop candidates are campaigning in the next month. money and running for political office go hand in
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hand. cnn goes in depth on the ins and outs of fund-raising efforts. athena jones spoke with two candidates about what it takes to run. >> reporter: at his virginia farmhouse, first time candidate john douglas is dialing for dollars. >> i know you kicked in another $250 at the end of the year. >> reporter: democrat recruited douglas in hopes of defeating frank wolf, who has been in the house for nearly 32 years. >> i spoke to you back in july. >> reporter: the retired general knows it is an uphill battle. >> it is a real challenge to be a challenger. it is not a trivial thing to do. >> reporter: the thing he needs most is money. >> you spend how much of your time raising money? >> about 75% of the time. >> reporter: he's made 9,000 donor calls since may. bringing in roughly half a million dollars. and he hopes to raise about a million more. much of that money will be spent on advertising, the rest to staff salaries, direct mail, gas
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and other expenses. >> how many miles do you think i've put on? >> i don't know. tell me. >> 3,000 miles on my car. >> really? >> yeah. >> reporter: he's been crisscrossing this rural district, talking to voters at lunches, coffees and churches. but there is no question, fund raising is king. in the last election, the average winning house candidate spent about $1.4 million to get here according to the center for responsive politics. that's 70% more than a decade ago. >> my big issue is the debt. >> reporter: traffic engineer ken vaughn is another first time candidate in virginia. >> ken vaughn. >> maria. >> running for u.s. congress. >> reporter: we caught up with him at a breakfast hosted by the local chamber of commerce. >> would you be willing to have a fund-raiser for me? that would be great. >> reporter: if vaughn wins the republican primary, he'll be running against gerald connolly. >> i was fortunate enough, i was able to take after once again this was very carefully considered with my wife, we put in a big chunk of money ourselves in this campaign.
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>> reporter: you did? >> yes. >> reporter: so you are partly self-financing? >> not nearly enough to win, but it is enough to get started. >> reporter: that big chunk, $1,000 from his 401(k). he aims to raise $2 million for the general election. for ken vaughn, the cause is worth it. >> make a difference, normal people have to get up and run. >> reporter: john douglas says he's answering his party's call. >> if you could help us with $500, it would be a wonderful help to our campaign. >> reporter: two candidates hoping to show that despite the high price, political office is still in reach for ordinary folks in 2012. athena jones, cnn, hume, virginia. just hot off the political trail, the gop race, our don lemon. >> i walked all the way back. >> that was a really fast walk. >> my gosh. it is so nice to get out and talk to people and people, you know, even you said -- you're having so much fun. well, people are trying to enjoy their lives.
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serious things, jobs, the economy. >> was that miss bobby? >> miss bobby. >> she was so memorable this weekend. >> you get a feel, unscientific, but i had the feeling and i said this on the air that newt gingrich was going to come out the winner because every single person i spoke to including women said newt, newt, newt, newt, almost every single person. you get, you know, you know what's going on. >> what do you got? >> a lot coming up. in just a few weeks ago i spoke with dan rather about the election. he is never at a loss for words. now that newt gingrich has taken south carolina and the candidates move toward the florida primary, i have another conversation with the legendary newsman. also, fred, i wrapped up an interview with ethel and rory kennedy about the new documentary called "enlle "ethe it is making the rounds at the sundance film festival. i said is there anything surprising in this documentary? take a listen. >> there were surprises i found out that i didn't know about my mother. i didn't know she used to bet on
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the horses in college every day, for example. you know there is some other very beautiful sort of pictures painted of the first day, for n that jack and jackie moved into the white house and my brother, bobby, talks about my father going down the banister, sliding down the banister. and describes that first day in the white house, and i had never heard those stories. >> it is a fascinating interview with them. i also got to talk to mrs. kennedy about president obama, her takes on civil rights, having an african-american family in the white house, women in politics. she does talk during the interview. rory doesn't do all the talking. she was fascinating. at one point i asked her a question and she didn't like it, she said, don, and i went yes, ma'am. rory goes, that's the right answer, don. >> we look forward to seeing the rest of it. excellent. next, an american icon that
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helped capture a lifetime of memories becomes a fading business. any guesses on what that might be? >> no. no. >> capturing a lifetime of memories. >> a photographer. >> you're close. stick around. after the break you'll find out more. ♪ i can't watch this anymore. stop! there's an easier way! we compare your progressive direct rate to other top companies so you get a great price. no more running around. ha ha ha! wouldn't you love to see the world through his eyes? i bet i look like the strongest man in the world. the best place to find a great deal. now, that's progressive. call or click today.
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an american icon is in financial trouble, and the group that determines your credit card percentage rate is meeting this week. our money team is keeping an eye on all of that. let's start with felicia taylor
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in new york. >> those kodak moments we know so well are taking a pause as kodak files for bankruptcy protection this past week. the company that began in 1888 is struggling to move into the digital age, and holds $7 billion in debt. a lifeline from citigroup will keep them running at least for now. security troubles though at, they say they've been hacked. they're forcing their 24 million customers to reset their passwor passwords. poppy harlow has a look at what's coming up next in business news. >> thanks so much. big changes at the federal reserve next week. policymakers will clearly lay out a forecast for the fed's key interest rate for the next few years. that rate as you well know has been at a record low level since 2008. the forecast will be released on wednesday following the fed's regularly scheduled monetary policy meeting. also ahead, wall street will get its first look at fourth
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quarter gdp. some analysts are expecting growth upwards of 3%. that would be good news because in the third quarter the u.s. economy grew at a 1.8% annual pace. we'll track it all for you all week and a slew of corporate earnings reports coming up on cnn money. fred, back to you. >> all right. thank you so much, ladies. looking at some wild weather criss-crossing the country right now. parts of the south and the east coast are cleaning up after some nasty storms. take a look at these images right here. people in boston have been shoveling. a lot of snow and then trying to trudge through it as well. a winter storm dumped several inches of snow. and then in georgia a nasty rain storm swept through yesterday and left behind lots of damage, including several downed trees and power lines. jacqui jeras is here with us. there was a lot of rain and thunder and lightning and wind in the south, and it really made its way right into south carolina and possibly impacted that primary, too. >> i know. it was nasty all day.
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now, that storm is out of here. we've got a new one that we're watching, and we're much more concerned about the potential for severe weather here. we're going to talk about the areas of the midsouth where we think the greatest potential is. we're talking tornadoes, large and violent, and this is unusual because it's at night when people are going to sleep and it's dark out, and so there you can see parts of arkansas into louisiana, mississippi, into alabama, as well as into tennessee. memphis, one of the biggest cities we're going to be watching as we head into the later hours for tonight. and this is one powerful storm that's moving through the area. and the slight risk extends all the way up into the great lakes region. now, these tornadoes could stay on the ground for a period of time and cause quite a bit of damage. there are several other elements with this storm that we're going to be dealing with, too. one of which very dry, very blustery conditions on the back side. in fact, we've got pictures to show you out of oklahoma city and texas of some of the dust storms that have been going on there.
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this warm air is pulling up and overriding the colder air, so freezing rain in places like minneapolis is going to be happening overnight here, across parts of the northeast. so tomorrow that commute could be really ugly for new york city into western massachusetts as we have freezing rain advisories in effect, and then also if you're trying to travel, what a mess. trouble with the weather means trouble at the airports. we have ground stops in atlanta as well as chicago. delays over an hour at dallas. three hours in san francisco. i'll tweet the rest of them, just too many to get to. >> you will be here throughout the evening so there's still time. maybe not in this hour but still type later on. thanks so much jacqui. that's going to do it for me. much more of the newsroom straight ahead with the effervescent don lemon.
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