tv Smerconish CNN December 26, 2015 3:00pm-4:01pm PST
pills, no more heroin, no more relapse. >> so this is the old apartment i used to live? >> literally across the hall. >> yep. 18 years ago when i was a heroin addict. it was actually during 9/11 and my apartment was full of syringes. it's interesting now living the life i do because it's like you make that one decision that changed your life. when i walk down the hall i take a right and not a left. >> that was the old joe, this is the new joe. >> yeah. >> reporter: and his first obsession, his first love really, is still very much a part of his life. >> is this a sanctuary for you now, a gym? >> yes. this is pretty much where i've done my recovery, not just from surgery but also where i come to -- when i have a lot of emotion and sobriety. >> reporter: the gym is now a refuge, a sort of place of safety. far, far away from his addiction to heroin.
>> addiction is the only cell where the key is on the inside. and i don't live -- i don't live in that cell anymore. >> reporter: dr. sanjay gupta, cnn, new york. top of the hour. 6:00 p.m. eastern, 3:00 pacific. i'm poppy harlow in new york. we begin with severe weather across the nation right now. about 15 million people under the threat of severe possibly deadly weather today large parts of the deep south recovering from tornado damage and now more heavy flooding could also be coming. also, for people in the southern rockies and the southern plains, winter about to hit there in a major way. karen is monitoring it all. she joins me now. we started out today talking about that tornado that had touched down in texas. you've got this dangerous weather across the country. where is the most danger right
now? >> right now the most imminent threat is across the south central united states. texas, oklahoma. we're seeing what are referred to as discrete cells. these little isolated supercells that pop up. and in those you can get some rotation. because we've seen very warm, moist, unstable air is. coing up from the south. we have this tornado watch that goes until 8:00 p.m. local time. central time. this means we are looking at the potential for severe weather across this region. as it looks like, as we go into the afternoon and evening hours, about 10 million people all the way from right around little rock and into oklahoma city towards dallas and austin, you're looking at the threat, the potential for some isolated tornadoes. and some very gusty winds. now, because this is a very stagnant or somewhat stagnant system it's only going to shift a little bit as we go into sunday. so all of the way around that
arklatex region to houston. another 7, 8 million people looking at the potential for severe weather. damaging winds and isolated tornadoes. what is triggering this event? deep area of low pressure will move into the central plains. that jet stream across the west takes a deep dive. but out ahead of it, temperatures have been running 10 to 20 degrees above where they should be this time of year. on the back side of this, blizzard conditions. el paso, albuquerque, into the panhandles of texas and oklahoma. poppy, it is going to be very dangerous for people who are trying to get back home after their long holiday and it is going to be very dangerous. >> give yourself time and take all precautions. that is for sure. karen maginnis, thank you for that p now i want to take you to southern california where incredibly high winds are fuelling a fast-moving wildfire there. this is new video showing a family driving home as the
plains whip the edge of the road. just listen. that is what they drove through today. officials have ordered mandatory evacuations. the flames already charring 1200 acres of california. our sarah has the latest. >> poppy, this brush fire isn't something that firefighters think they can knock down in a few hours. they actually think kit take a few days. the holiday interrupted by a sudden ferocious brush fire. within hours it turned into an inferno saturday in the hills of ventura valley, california. firefighters jumping into the action from the sky and land to deal with terrible combination, drought-stricken land, strong winds, and brittle, burning brush. fire intense it closed down a section of one of the most picturesque highway in the state, the pacific coast highway. it also closed down a portion of u.s. 101, a workhorse of a
highway. >> these homes are right along the seashore. i mean, if you step out the backyard, your feet are wet. but this fire just happened to blow down right at the area, in alignment with the wind. there was a fuel bed long enough to carry it toward those homes. we were fortunate. we recognized the threat immediately and deployed engines into that area successfully defended those structures. >> reporter: the fires burning hundreds of acres in ventura county which lies between santa barbara to the north and malibu to the south. population, nearly 850,000. and an even worsen their you looms. ventura county is home to an oil field. it's conceivable the fire could make its way there. >> this is a very dynamic, if you look up on the hillside you can see a lot of smoke. whether we open something up is still a dynamic situation. and it could change or could even if we do open up the
roadways, is that it's still not a contained fire. so i just want to caution you that any openings that do happen is at a subject to being closed again if the fire changes direction. >> reporter: firefighters are working to head off disaster. unfortunately, after the worse drought in 100 years, this is a scene that is sure to be repeated far too many times in 2016. the big push now is try to create a fire line, stop the fire, try to contain the fire. that is the first thing, and try to get 101 and the pacific coast highway reopened because those are very important thorough fairs as people start getting ready to go back to work. poppy? >> sara, thank you very much for that. also, a brand new terror warning about possible attacks before new year's eve. it has europe on edge. that's for sure. police in vienna today telling cnn an unnamed friendly intelligence service warned several european p european cities of possible attacks
involving explosives or guns. the warnings listed the names of several of the possible attackers. so far though the investigation into those names has not turned up anything concrete. also, important to note this warning does not specify which european cities might be the target. right now you know security is ramping up across europe. police this vienna, other key cities watching public venues and high traffic areas. they're on the lookout for any possible big bags or suitcases. let's talk more about this threat. former cia operate ter bob bare is with me. this is a vague, vague warning p and there's not even a specificity mentioned in it. can you talk about to me about the value of issuing a warning like this to the public? you don't want a fearmonger so why put this out there without a lot of details? >> poppy, i think it's the threat hanging over europe. it's clearly there. the paris attack was not the last of them. somebody's going to try something. so with the intelligence
communities across europe and united states do even when a vague threat comes up they have a duty to warn citizens, whether it's americans traveling to europe or europeans. and because of that duty to warn they cannot keep this intelligence, you know, within the services. they've got to get it out there. and intelligence officers are very reluctant to take something that isn't particularly well sourced or specific but none the less they do have that duty and i think that's probably what we're seeing here. >> at the same time today, bob, just a few hours ago we learned of this new audio recording purportedly from al baghdadi, the leader of isis. what's interesting about it, i think, is that it doesn't have any specifics in it. it threatens the west to not sending ground troops. it threatens israel. but it doesn't even mention the paris attack or what happened in san bernardino. you've got isis that is so acutely aware of its pr, has such a strong propaganda machine. do you read this audio message, the first one we've heard from him in six months as more of an
effort internally to sort of reassure isis supporters rather than to talk to the outside? >> well, i think there's two things. one is to say he is still there in command of baghdadi and, two, appealing to potential lone wolfes to launch attacks. i think the islamic state has misgoverned its areas under its control. i think it's probably losing influence, at least in syria and iraq. and what the taking of ramadi it's going to be a symbolic setback. so i think el baghdadi is making an appeal to believers and it's hard to tell whether he will get at all.ernardino response or not but i think as we've talked about the islamic state is not long for this world. it's so irrational, so violent, it cannot govern 20 million people for very long. and i think it's a message of
desperation. >> yet it has now risen to the biggest concern for u.s. law enforcement in a pace of federal investigations unseen in this country since 9/11. all right. we'll see where 2016 brings. thank you. >> thank you. coming up next, their story riveted the nation for 444 days. now, a group ofern manies once held hostage in iran finally being compensated for their ordeal. how much will they receive and what made it possible after 36 long years? ♪ (vo) some call it giving back. we call it share the love. during our share the love event, get a new subaru, and we'll donate $250 to those in need. bringing our total donations to over sixty-five million dollars. and bringing love where it's needed most.
i absolutely love my new but the rent is outrageous. good thing geico offers affordable renters insurance. with great coverage it protects my personal belongings should they get damaged, stolen or destroyed. [doorbell] uh, excuse me. delivery. hey. lo mein, szechwan chicken, chopsticks, soy sauce and you got some fortune cookies. have a good one. ah, these small new york apartments... protect your belongings. let geico help you with renters insurance.
a hostage crisis that lasted 444 days. now a multimillion dollar payout for each of the americans held hostage in iran in 1979. debra feyerick has more on who is paying for it and why this is happening after 36 years. >> the iranian hostages will get $4.4 million each. that's about $10,000 a day for each of the 444 days that they were held in captivity when those iranian revolutionaries stormed the u.s. embassy back in 1979. but this doesn't only impact these hostages. it also impacts other victims of terror. that includes those victims of the u.s. embassy bombings in kenya back in 19989.
it also includes those marines who were killed in bruit in the bombing of barracks there back in 1983. so this is really wide reaching and goes back many decades to give the victims but to give the families also some sort of compensation because they haven't been able to get anything up to this point. so it's really crucial to these people to in some ways be made whole. >> debra feyerick, thank you for that. coming up next, from donald trump's controversial remarks to hillary clinton's marathon hearing on benghazi. we will bring you the top ten campaign moments of 2015, next.
in the mornings when the kids come i ask if they've eaten or i do a quick assessment of needs and see if there's something that i can do. i keep these clothes, the socks, the shoes, the toothbrushes because i have more and more students that were coming in with less and less. i have children with speech and language needs, behavioral needs. i have kids that are homeless. i have some kids with working families. just a wide variety of needs but it actually makes the classroom a real environment for us. are you ready for your game next week? >> she helps everybody. if somebody is in need she's the first one to be there. like my foster sisters. >> i get a phone call that said, we have no placement anywhere in the state for these girls. can you take them? i had had the girls in my class. having a teacher relationship is one thing. having them live with me is different. so i really eased in to it at their comfort level. it was really only supposed to be for 48 hours but almost a
it has been an interesting year in politics, to say the least. and it is not over yet. in our top ten of 2015 series, our chief political correspondent dana bash takes a look back at the most memorable campaign moments of 2015. >> in politics 2015 was the year of one liners, insult, interrupti interruptions, and controversy. it was the escalator ride that changed the republican race. donald trump kicked his campaign off full-on trump style, up ending the field and pretty much all traditional political rules. >> when mexico sends its people, they're not sending their best. they're bringing drugs, they're bringing crime, they're rapists, and some i assume are good
people. >> reporter: those comments caused a huge backlash, especially in the latino community. but rocketed trump to the top of the gop field. and the provocative statements continued on the campaign trail. at an early ecvent in iowa, trup sparked another criticism about this p.o.w. john mccain. >> he's a war hero. >> he's a war hero. >> he's a war hero because he was captured. i like people whoer not captured. >> it turns out they were the first of many so-called blunders that failed to knock him from his person at the top of the polls. on the democratic side, questions about e-mails and the ben gas zi attack plagued front-runner hillary clinton's early campaign. culminating in a contentious 11-hour congressional hearing that backfired on republicans and gave clinton a boost. >> who else was at your home? were you alone? >> i was alone, yes. >> the whole night? >> well, yes, the whole night.
>> i don't know why that's funny. i mean, did you have any in-person briefings? i don't find it funny at all. >> i'm sorry. a little note of levity at 7:15. >> reporter: and after months of fielding questions about her e-mails, clinton got an unexpected assist from her opponent, senator bernie sanders at cnn's democratic debate. >> that is that the american people are sick and tired of hearing about your damn e-mails. >> thank you. me, too. me, too. >> reporter: that moment may have hurt sanders campaign but it was great material for st. night live. >> the american people are sick and tired about hearing object your damn e-mails. >> reporter: the black lives matter movement was an important campaign story line. shaping the national conversation and b eveven shutt down a sanders campaign event in seattle. the most defining moment on the
democratic side may be one that never happened. after months of speculation, vice president joe biden decided not to run for president. solidifying clinton's spot as the expected democratic nominee. >> while i will not be a candidate, i will not be silent. i intend to speak out clearly and forcefully. >> reporter: in the republican race, friends turned rifle riva display as jeb bush looking to find some campaign mojo took on his former protege marco rubio. >> marco, when you signed up for this this was a six-year term. literally, the senate, a everything from workweek? >> someone con vipsed you that attacking me is going to help you. >> bush is endsing the year with poll numbers stuck in the single digi digitses. while some gop candidates shied away from taking on trump, former hbo ceo, carly fiorina.
>> i think women all over this country heard very clearly what mr. trump said. >> reporter: from fiorina to trump to neurosurgeon ben carson, 2015 was the year of the outsider candidate. carson who has no political experience briefly topped the republican polls this fall but his inspiring personal theirive of a violent past and spiritual redemption was called into question by a cnn investigation. >> you know when i was 14 another youngster angered me and i had a large camping knife and i tried to stab him in the abdomen with it. fortunately he had a large metal buck blelt and it broke. >> reporter: making great campaign material for donald trump. >> somebody hits me with a belt is going in because the belt moves this way. it moves this way. >> reporter: and the year ends back at the beginning with a donald trump shocker. after terror attacks in paris and san bernardino, trump gave
this policy prescription. >> donald j. trump is calling for a total and complete shutdown of muslims entering the united states. >> reporter: once again, those controversial comments did nothing to stop trump's rise but the real test for trump is going to be on february 1st, in 2016, when voters first go to the polls. >> it absolutely will be. dana, thank you very much for that. presidential campaigns took christmas off from campaigning for the most part. coming up next, we're going to play a little game of naughty and nice in 2016 with mark and ben. stay with me.
in reddi-wip. ♪ reddi-wip. (flourish spray noise) share the joy. share the joy. wheall i can think abouthit, is getting relief. only nicorette mini has a patented fast-dissolving formula. it starts to relieve sudden cravings fast. i never know when i'll need relief. that's why i only choose nicorette mini.
holiday jeers. let's bring them in. our dynamic duo, mark and ben. did you like it? >> i do. >> i didn't write it. our writers are smart and they wrote it but i like it, too. let's begin with a game of who is naughty and who is nice in 2015. mark, i want to start with you. which politician, which candidate gets a lump of coal in their stocking this year? >> without a question, donald trump. he was so mean to everybody. >> that's so unoriginal. >> come on. you gave me the easiest job on earth. to give a lump of coal to somebody, even republicans would. he was terrible person. >> you did steal who i was going to say, so now right now i'm racking my brain of who should dmom second. >> moving on then. ben, to you. who is like a holiday ornament? eye catching on the tree but too fragile to make it all the way through? >> too fragile to make it all of the way through.
i got to say it's probably, oh, gosh, i'm going to get in trouble for this one. mike huckabee. really nice guy. i really think it's fun. if people around him. always enjoy his company. he doesn't really throw bombs at people. he's not going to make it to the end unfortunately. >> mark, what do you think? who is too fragile? >> totally jeb bush. every time he gets on the debate stage next to donald trump i think trump is -- i think trump is going to give him a noogi eks. humiliating jeb bush every time. he's totally the guy too fragile to take it to the end. >> you're going to have to start naming democrats here because there are two parties we're talking about here. >> two democrats. two democrats. >> mark, who is like rudolph the red-nosed reindeer? unappreciated now but could save the day for their party ahead? >> i wish i could pick a democrat for this but i think it's marco rubio. i think marco rubio is a guy that right now is under appreciated, he's not ted cruz
or donald trump or ben carson but he's moving up in the polls. at the end of the day when they want a serious candidate and can win a general election they may find him at the top of the ticket or as a great vp person. >> ben, who is your rudolph? >> chris christie no doubt. i think if you would have run four years ago he would have been an amazing competitor against obama. some people think this maybe he missed his shot at it with timing. i think the more people look at him sand how tough he is and how he understands the issues, i think he could be that guy that people are going, man, maybe i should have voted for him. >> mark, who is like frosty the snowman, strong in december but will melt away in the spring? and by december i do not mean december on the east coast where it is 60 degrees outside. >> fair enough. i'll go with my man bernie sanders. i think he's smart. i think he's capable. i think he is the closest person to the political vision of me and many other progressives. like ron paul like the last three election cycles, the
college students who swarm for him. when it's time to pull the lever in the booth, i'm not sure he will. bernie may melt. >> ben, who is frosty? >> no doubt, it is bernie sanders. the best second place candidate eve ever seen. he had multiple opportunities to go after hillary. never did it. he's like literally your favorite wing man because he's not going to challenge you and he is going to melt away and it's going to be this guy that we just talk about one day going, remember that bernie sanders, it's going to be like dr. rand paul. >> i don't know. he trounces. this new quinnipiac poll on tuesday came out. he trounces trump like 50%, more than 50% at 38%. so i don't know if you can count your chickens yet on that one. we'll see. mark to you. one year from now, one year from now who is going to celebrate christmas while planning their first 100 days in the white house? >> oh, wow. >> yeah. >> it will be hillary rodham clinton. not because i want her to be because i frankly don't.
i can't see anyone else winning the democratic nomination and i don't see anyone on the republican side of the aisle beating hillary in a general election right now unless something extraordinary happens. >> ben? >> i'm going to say a guy by the name of ted cruz. i think everyone has underestimated him. i think he's going to come back strong. i think he would abs loot uteal whip up on hillary in the debates if they go head to head. i think he could easily be the shocker of the year that everyone is paying attention to donald trump when in we areality he is getting things done. >> mark laughs but, wait, mark laughs but ted cruz, his favorability ratings are up like 22 points since september. he is resonating. that's for sure. >> you think ted cruz is going to be president of america? >> why are you laughing, mark? >> because it's absurd. >> i'm glad we have this on tape. a year from now we're going to play this on and we're going to see who is right and who is wrong. >> you can play it every week for the next four years.
ben, you're like the kid who wanted a pony for christmas. every christmas you were ticked off that you just got some socks. wanting ted cruz is like wanting a pony for christmas. it ain't going to happen. >> i wish we had mark in, i think it was august, saying on this show that we wouldn't be talking about donald trump 90 days from now. >> fine. >> we have that on tape. we'll play that for you soon. before i let you go, let's turn from, you know, all of this to the big game tonight. mark, you are in philadelphia. tonight no one is a fan of washington there tonight. your philadelphia eagles taking on washington in a huge game. prediction from both of you. mark first. >> oh, this is easy. the philadelphia eagles have struggled all year. at the end of the year the redskins were always red skin, by that i mean they're going to lose big when they are supposed to. >> i am solely picking the
redskins just to give my good friend a little bit of crap. >> you're a terrible person. >> all he does is tormen me all year long since tony romo has been out and the cowboys have been losing. so all i'm saying is i'm literally the nation's biggest fair weather redskins fan tonight for about 3 1/2 hours. >> my team -- guys, my minnesota vikings are having a decent year as well. let's not forget about them, right? >> they got a shot. >> they're around. they're still around. >> they got a better shot than ted cruz. >> at least you've got your main quarterback still playing. that for me is just like amazing right now. >> that helps. >> ben around mark, thank you both. merry christmas. happy new year to you both. let's continue to fun a little bit. ugly sweaters becoming the style statement of the season. now one group has organized an ugly sweater run, seriously, in multiple cities across the country, proceeds go to benefit
children. atlanta's piedmont park is where this race took place. thousands turned out in support in their ugly sweaters. >> five, four, three, two, one. ♪ >> ugly sweaters, it's trending right now. i think just the whole concept and idea of it has just really taken off in the last couple of years. it's fun. we'll have a party just themed around ugly sweaters. so we're taking that to a whole new level. >> we get together and decorate. then we come and do this. >> it started with an employee who went to a lot of ugly sweater parties and thought, oh, my gosh, we should make a run out of this. people would really, really enjoy it during the holidays. we have over 20 cities that participant across the united states. >> it's really fun. it's something that, you know, you don't realize you're exercises. mile one and two were done
before you knew it because it was fun. it's a good way to have exercise and have fun, too. >> i dug through all of my old christmas ornaments. went to the dollar store and just had a good time. >> we're trying to make it a family tradition for the holidays. anywhere from little kids to people in their 60s, 70s, older. it's all over the place. it's just a lot of fun for everyone. >> it's like kids and dogs and people and old people and young people. they are in crazy sweaters. it does make christmas merry. it's really fun. >> yeah. >> everybody's outfits were fun. you could tell everybody had a lot of fun making them and enjoying their day. it's awesome. >> i've seen wrapping paper suit, jingle bells. you name it. people just go crazy and craft away making their ugly sweaters. >> we've got the ugliest sweater. we're very confident we've got the ugliest sweater. >> well, the sweater is ugly as is so i wanted to add a ll bit of extra. i've got my lights and have some other stuffed animals.
put together. >> this is a homemade sweater. i literally put it together last night. picked up a little bird. santa. >> flower in the back. >> makes everyone smile. it's awesome. you get to see everyone dressed up and kind of brings christmas a little early. >> a little holiday cheer. >> yes. ho-ho-ho, merry christmas, everyone. the flu virus hits big. with aches, chills, and fever,
there's no such thing as a little flu. and it needs a big solution: an antiviral. so when the flu hits, call your doctor right away and up the ante with antiviral tamiflu. prescription tamiflu is an antiviral that attacks the flu virus at its source and helps stop it from spreading in the body. tamiflu is fda approved to treat the flu in people two weeks of age and older whose flu symptoms started within the last two days. before taking tamiflu, tell your doctor if you're pregnant, nursing, have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seizures, confusion, or abnormal behavior. the most common side effects are mild to moderate nausea and vomiting. anti-flu? go antiviral with tamiflu.
while you're watching this, i'm hacking your company. grabbing your data. stealing your customers' secrets. there's an army of us. relentlessly unpicking your patchwork of security. think you'll spot us? ♪ you haven't so far. the next wave of the internet requires the next wave of security. we're ready. are you? whether your car is a new car. an old car. a big car. a small car. a car that looks kind of plain. a car that looks kind of like a plane. a clean car, a dirty car. this car, seriously this car. a car for the two of you. a car for all of them. all you have to do is plug in hum for a smarter, safer car.
diagnostic updates, pinpoint roadside and emergency assistance. hum by verizon. put some smarts in your car. for many mere in the united states the holiday season is a time to rejoice. but in parts of the middle east, that are targeted by militants celebrating jesus' birth is an act of courage. simply being christian can mean death. my colleague carol costello spoke with an iraqi christian nun who is helping those most in need. >> reporter: what's happening to christians in pope francis' words is genocide. thousands displaced by isis, their lives forever changed.
you can see it in this child's face in a refugee camp under kurdish control. see it in a play put on by refugee christian actors who share a community's grief on stage. i talked with sister over the internet. >> can you still hear me? a dominican nun caring for christian children at this refugee camp. the connection was tenuous but we managed. >> sister, how do you explain isis to the children? >> they understand that isis is very, very dangerous. so they say we would like to be as a soldier to fight isis and we can't go back to our home. >> so even the smallest children want to fight isis as soldiers? >> yes. i'm talking about the first to
five years children. >> reporter: millions of people of various religions from fled. among them hundreds of thousands of christians from syria and iraq. sister donna markham is president of catholics of usa. >> august of 2014, ug 6th, to be precise, isis came in and all of the christians were essentially evict fred from their homes. so their convent, their school, their hospitals, everything, their mother house, everything was lost. so they left with the clothes on their back and ran for their lives. >> reporter: they ran from happy lives, from their middle class homes. the nuns ran from their convent to this, a refugee camp. they now live in shipping containers. electricity goes in and out. food is scarce. but they have no choice. so did isis use the usual tactic, you know, you either convert -- >> convert, pay a tax, yeah. >> so what did the nuns tell
them? >> they left with the christian community because the sisters wouldn't -- certainly never convert and they didn't have money to be paying taxes. so -- but they fled with the christians. and their desire which is really courageous from my vantage point their people. ill not abandon - >> do you want to leave the country or do you want to go back home? >> of course we would like to go back home because every single day our first half hour with the children we start with a prayer. so we ask the children what would you like to share with god in your prayer. and first off they say we would like to go back home. >> people in the united states want to know how they can help. how can they help the christians
in syria, in iraq, and other places? >> first we are asking for your prayer because your prayer supports us. we would like to live our life normally, like others in this world. we would like to live our life as -- in peace because we haven't seen peace since we born. and we would like to live in dignity because we lost our dignity. >> carol costello, cnn, new >> carol costello, cnn, new york. ay! over. aw. aw. ♪ thirsty? they said it would make me cool. they don't sound cool to me. guess not. you got to stick up for yourself, like with the name your price tool. people tell us their budget, not the other way around. aren't you lactose intolerant?
the national weather service just issuing a tornado warning for dallas, texas. our karen maginnis monitoring it all. karen, what do we know about this hour? >> it is a very dangerous situation. tornado warning right around the dallas metroplex area. not ft. worth but in dallas right along that interstate 30 corridor. over a million people at risk
for a possible tornado. there are indications there is rotation with these thunderstorms. but not just here, in the metroplex area further to the south. we have these discrete cells that have been popping up. they are much more prone to producing tornadoes. you can see there are tornado warnings out that go for about the next 30 minutes or so. this will be occurring over the next few hours. a very dynamic system that, in fact, on the back side of this for dallas you could see a rain/snow mix tomorrow night. very different. poppy? >> we'll be watching very closely. thank you for that. the ceo of america's biggest bank jamie dimon sat down for a rare one-on-one interview with my colleague. he is bullish on the state of the u.s. economy and you'll also hear him give his take on the income inequality debate. >> in the short term, okay, u.s. economy is broad based, going 2%, 2 1/2%.
consumers are in better shape. how much income goes to service debt is back where it was in 1985. household formation is going up as prices are going up, 401(k)s are going up. small business middle market, large companies are in very good shape. look at america in the long term we have exceptional universities. we have the best military in the planet, we will for a long period of time. best businesses. medium, large, and small. unbelievable innovation from the steve jobs to the factory floor with ve a great work ethic. very low corruption. greatest military barriers ever built called the atlantic and the pacific. all the food, water, and energy we ever want. we're in we're in pretty good shape. out of respect, china does have energy. they are surrounded by russia, vietnam, north korea, philippines. it's a tough part of the world. since world war ii, we had squish issues with the nations. they don't have food, water,
energy. we're in really good shape. >> now, you said you don't see weakness. you don't see a dark spot in the american economy? some people will point to income in equality. do you think that is a real issue? >> early in recovery, often the 1% is asset prices go up. what are the solutions to it? what should we do about it? i have three very basic ones. grow the economy more. focus on growing the economy. get wage pressure. then we will all be complaining about too much wage pressure. both the education in schools and the kids graduate school, they have a despite that leads to a job and/or college. and i love the idea. i heard from the republican and democrat of a better income tax credit. so being paid to work. it is an incentive. working is a good thing to do. and there are a bunch of other
ideas. i would love people to sit down and talk about fixing this. the point is not to yell at them and think they are to blame. >> when you started in the business in the 1980s, 60% of americans had a favorable view of the industry. today that number is 37%. why so low? >> i know we're not near the bottom. >> it is not that much different. the disaster happened in '09. the american public was hurt. and, you know, i think in general they would look at the culprits on of being some combination of washington in wall street. not that every bank was that bad. everyone made some kind of mistake. and i think it hurt everyone. one of the things that happened in society today is we do this to everybody. way back when, doctors, lawyers, police, stock brokers were up here. now they are all down here.
media. we have all lost trust in each other, which i don't think it is a good thing. i can only try to win it back. large corporations like us. the countries that we do business with like us. i want to satisfy my customer and be a great participant. hopefully we will earn back some of the respect and trust we lost. >> as the leader of the biggest bank in the u.s., do you feel personally responsible to revive the perception of bankers in this country, to make it better, to make sure people like bankers more? >> i can only do my part to earn our trust and respect every day, both with our client and the communities we do business. with our regulators, we have a lot of business i can only do my point. >> you stress test for every day. you said that. the greek exit. >> 100 a week. all the time.
reinvent new ones. >> how about bernie sanders? have you stressed test for that? >> i don't think bernie is going to win. i'm not that worried about that. >> why? >> well, i think it's a far more complicated subject. jpmorgan, i'm really proud of this company. i travel around the world. saudi arabia, mumbai, hong kong. we help their countries, their people, their companies. they want us. they want our capital, brain
power. we help american multinationals in 30, 40 countries. we raised $2 trillion for big business, small business, hospitals, governments. that's what we do. you know, you need to be a big bank to do some of that stuff. >> so you think you can convince him -- >> i would hope so, yeah. >> there is more than being a big bank. >> you need them. if you break them up, someone else will do it. that will be the chinese. if you think that is good for the future of america, i disagree. >> you contributed in hillary in 2006 and 2007. why not recently? >> i am not getting involved in politics right now. >> at all? >> at all. >> after the results come through? >> no. if and when i feel like it, i'll do it. >> why? are you going to run for office? >> no. the public should know jpmorgan
does not support anyone. nor has it ever. when we tell our people here, by the way, listen to both candidates. if you're a democrat, listen to some of the really smart republicans. if you're republican, listen to some of the smart democrats. don't have a knee-jerk reaction. >> you brought up policy. so the tax policy has been something that's been debated. and you've admitted that it needs to be addressed, right? >> yes. >> trump was one of the candidates. actually, he was the first republican candidate to bring up the fact that wall street should pay higher taxes. do you agree? >> look. when you say that, we pay -- i was actually in hong kong, they were talking to a bunch of our clients. they said that you can for the taxes you pay. we pay a lot of taxes. we pay about 30% in cash every year. so we pay a lot of taxes. we pay the fdic -- >> your effective tax rate? >> yes. cash. they are about the same.
30%. it changes year by year. we actually pay that in cash taxes. forget banks. the issues with corporations, our tax rate is the highest of all developed nations. we are driving indexes at the margin, i told people in washington, by the time you figure it out, the only question is how much damage has been done? you can't have taxes 10% higher than everyone else and think it is good for the country. it can't be good for the country. you know, here, people say, listen, you're not patriotic. it has nothing to do with patriotism. we should fix that. it doesn't mean that i don't think we shouldn't fix personal taxes too. i want to eliminate a whole bunch. i do a whole bunch of things too. >> so you would be willing to pay more, you personally?
that is down from 2014 when there were 24. when you look at the s&p 500, fortune notes one new female ceo is added every two years. also, they have a shorter tenure overall, holding the top spot in their corporations an average of just four years, two years less than their male ceo counterparts. something to think about as we head into the new year. 500 top companies in the united states and just 21 female ceos. up next here on cnn, the sixties marathon. television comes of age. then at 8:00, sex, drugs, and rock and roll. at 9:00, the british invasion. i'm poppy harlow in new york. i'll see you back here tomorrow night. stand by. here we go. >> take one. >> the average time spent watching television is five to six hours per day.