tv CNN Newsroom With Ana Cabrera CNN October 15, 2017 3:00pm-4:00pm PDT
condy meant made from ground peanuts. >> anthony bourdain in a dynamic city with a do it yourself spirit tonight at 9:00 here on cnn. >> 6:00 eastern, 3:00 in the afternoon out west. so glad to have you with me. we begin in washington this hour and cnn's wide ranging interview with secretary of state rex tillerson talking one on one with jake tapper. tillerson talked about everything from iran to north korea to reports that he called the president a moron. he even adretsed the accusation from a top republican senator that the president's tweets where he claimed tillerson was wasting his time were an attempt by the president to castrate his own secretary of state. >> you.n don't with a to say
anything about the senator suggesting you've been gelded before the world? >> i -- >> quick response there. here's more from the one on one interview with secretary tillerson talking specifically about the decision to decertify the iran nuclear deal. >> not long ago, your counterpart at the pentagon, secretary mattis was asked if he thought staying in the agreement was in the best interest of the united states, not a question whether or not he wanted to improve upon the deal or add a secondary deal as we just discussed but whether or not the u.s. should stay in or leave. he said staying in it was his course, it sounds like you agree and you would not want congress to impose sanctions to end the deal. >> i do agree with that and i think the president does as well. that's why he took decision he took, let's see if we cannot address the flaws in the agreement by staying in the agreement and working with the signatories and european friends and allies within the agreement. that may come in a secondary
agreement as well. we want to take the agreement as existed fully enforce that agreement, be very demanding of iran's compliance under the agreement and begin the process of addressing these flaws that we see around not the absence of addressing ballistic missiles for instance, the concerns we have around the sunset provisions and phase out of the agreement. we know what that looks like and seen this in the past in '90s with north korea. what happened put us on the road with we are today from north korea. we don't want to find ourselves in the same position with iran. >> let's get straight to cnn's ryan nobles, telling jake tapper there both he and the president want to stay in the deal and the president went on to layout perceived flaws and so we're hearing same thing from both sides. why kick this to congress? >> well, a lot of this is about political cover for the white house ana, you have to remember during the campaign the
president was very much opposed to the deal, one of the worst deals ever hatched and wants to show his supporters he's talking tough and hope it can put more teeth into this agreement. there's also a tone yes here and you can see a good cop/bad cop scenario playing out between the secretary of state and the president. listen to what the president said about the iran deal and these negotiations on friday. >> we're going to see what happens, what they come back with. they may come back with something that's very satisfactory to me and if they don't, within a very short period of time i'll terminate the deal. >> you don't hear the word terminate coming out of secretary of state. he's much soflter in his language. he's certainly asking for specific things from congress but we have to keep in mind, if congress doesn't do what the president asks, it will ultimately be the white house's decision to stay in the agreement or pull out. even the secretary of state has conceded the preference by this
administration is to stay in the deal. >> ryan, tillerson had a chance to deny calling the president a moron, he didn't exactly do that. >> he avoided the topic and whether or not he said or called the president a moron. you have to imagine from the white house's perspective, they want this controversy to end. but given the opportunity to put an end to it today, on "state of the union", tillerson passed. >> this is one of the most important relationships in the world the one between you and president trump. did you call him a moron. >> i was asked about that, i'm not going to deal with that petty stuff. >> ever since you called it petty, i've been thinking about it. i'm a reflective guy and i understand the media makes mistake and could always improve. but here's the thing. either you didn't say it in which case there are a whole bunch of administration officials telling the president
you did and that's a serious problem or you did say it and you're a serious guy, for you to say something like that suggests a real frustration with the commander in chief. when you don't answer the question it makes people think that you probably did say it. but either way, whatever happened, it is serious. so can you please clear it up? >> as i said, jake, i'm not f y playing. these are the games of washington, destructive games of this town. they are not helpful to anyone. so my position on it is i'm not playing. >> so again, the secretary of state refusing to answer that direct question from jake tapper, calling this whole situation petty but as he points out, that relationship may be one of the most important in washington and we should point out the sengt of state had no problem rejecting the other part of the report where he considered stepping down and had to be talked back from stepping down. he said that was flatly wrong but yet to say that calling the
president a moron is wrong. >> all right, ryan, thank you for your reporting from the white house tonight. i want to talk more about the iran nuclear deal and taxes and puerto rico. joining us to discuss is dan kill killdy of michigan. you heard the sound bite talking about the iran deal. he and the president both said they don't want to get out of the deal. they just want to make it better. >> i think ryan's reporting is exactly right. the president is using this for political cover. in terms of making it better, we entered into this agreement not just with iran, but with other nations with really strong allies, the p5+1 included britain and included france and included russia and included others. it's really important that the united states of america live up to its agreement. now we can argue about the agreement itself and there was a lot of argument when we enacted it and there are other aspects of our relationship with iran
that we should be willing to address. but right now, it is really important that the world see that the united states of america when it enters into an agreement such as this, it lives up to the agreement and enforces the agreement and we don't sort of play games with language to communicate to the domestic political base one thing and then try to contradict that message through the secretary of state or other words that the president might use. that's very dangerous and not good for the country or safety of the world. >> don't agree with the steps they've taken but bottom line congress, it's in your court. what are you going to do? are you going to try to strengthen the deal? and what might that look like? >> it's in our court because the president has tossed it to congress. it's interesting to me, given the ability of the republican leadership in congress to get something done on health care and taxes and infratrukt structure that something as difficult as rethinking an agreement that is a six nation agreement, could actually be done in 90 days in this
congress. i don't think it should be. i think it's dangerous for us to go down this path. we can deal with iran's other behavior but to try to unwind this agreement is dangerous and i don't think it's practical to expect this congress to take those steps without making the situation worse. >> you think we're going to see the status quo when all of this is done? >> i think the status quo is one we have to remind ourselves, that iran is prohibited from pursuing a nuclear weapon. that's a status quo, a big step forward for the world. we ought not try to recast it as something else in order for donald trump justified the bluster that he exemplified on the campaign trail. >> for now about the not forever. that's part of the problem we have it, with the deal initially. let me talk about tax reform. i understand paul ryan, speaker of the house said this is a priority he threatened to keep congress members in session through christmas to try to get tax reform done. we know the president will be meeting with senate majority leader mitch mcconnell to talk about taxes.
you're on the financial services committee. what do you know about where things stand? all we have heard is it that initial proposal that was so slim on details that the president's team presented a while back. have there been any changes to that? >> as far as we know, there haven't been. they are talking about changes but the problem is they put out this framework without a lot of detail. but we know this, that most of the benefit from their plan accrues to the top 1%, literally 80% of the benefit does. the thing that's frustrating to me about this. i think one of the reasons that many republicans continue to sort of hold to president trump and not say publicly what they say to us privately, is that for many of them tax cuts are their religi religion. they believe in this more than anything and they are going to pursue this as much as they can. but the details matter and what they are finding out the rhetoric to describe this tax plan is not matched at all by
what few details we have seen. they say it's a middle class tax cut and wealthiest will not benefit. the wealthiest benefit more than anyone else. 80% of the benefit. >> what changes would get your support? >> i think if we were to go about this in a serious manner and we would literally broaden the base and lower the rates and do it in such a way that middle income earners and people along the political -- along the economic spectrum would be empowered with take-home pay. >> isn't that what they are trying to do? >> that's what they say they are trying to do but that's not what they are doing. they are awarding people at the very top who have most of the wealth already. this is a case where saying something over and over again does not make it true. the details of what they have laid out is a big boone to the wealthiest americans, 100 families in my home state of michigan, for example would
benefit in the elimination of the estate tax. 100 families. across the country 5400 families get a $270 billion tax cut. that's just the beginning. >> people with estates worth more than $5 million or double that if you're married. let me ask you about puerto rico real fast. benny thompson, he wrote a letter asking dhs to investigate these reports that officials on the ground are distributing contaminated drinking water, toxic water to residents there. i think of you and flint michigan crisis. this is deja vu? >> it is it's painful to watch. i sat in a meeting with 50 members of congress and you said can you imagine people not having safe drinking water for three weeks? i thought yeah, i can imagine it. my home town dealt with it. flint was a marginalized community, very poor community. a majority minority community. puerto rico a marginalized
community, full citizens, not quite, they don't have representation they ought to have. to hear the president be dismissive whether or not the federal government will stick with them throughout this crisis, that's immoral and he should be called on that. i've been upset that there hasn't been more outrage about the president actually suggesting that we may walk away from puerto rico. why did he do that? how can he get away with it? it says a lot about him and it's not good. >> thank you for talking with us. we appreciate it. >> thank you. >> coming up -- he was once a possible running mate for trump in 2016 but now retiring senator bob corker has become one of the president's leading republican critics. next, what voters in his home state have to say about his spat with the nation's top elected official. you're live in the cnn news loom. chip like this to your whole windshield. with safelite's exclusive resin, you get a strong repair that you can trust. plus, with most insurance a safelite repair is no cost to you.
retirement, instead the tennessee republican chos an open feud with the president. there's the tweet war, plenty of name calling. then there's the interview he gave to the "new york times" where he equated the president with reality tv. >> sometimes i feel like he's on a reality show of some kind, it's not that big foreign policy issues. he doesn't realize that, you know, that we could be heading towards world war iii with the comments he's making and it's like -- it's an act to him and sure, that bothers me. >> so how is this playing in corker's home stast tennessee where voters are reliableably republican? athena jones went there to find out. >> reporter: from nashville to chattanooga, the feud between president trump and senator bob corker has voters in corker's home state talking. the senate foreign relations committee chairman calling the
white house an adult day care center. trump dubbing him little bob corker. >> i like senator corker. think he's very well versed in foreign policy. >> i don't think he represents any of tennessee. >> reporter: in horse country, scott mcgregor thinks corker has forgotten where he comes from. >> you cannot say you're going to support and do things then make no effort at all to accomplish them. because somebody offended you. i'm sorry that the president offended you, too bad. be a big boy and get to work and do your job. >> he says establishment republicans need to work with the president or get out of the way. >> that's what the next election is going to present, we're going to see a lot of old timers who are going to lose their job to accomplish goals set years ago. >> reporter: she disagrees who bears the blame. >> i think there's a disconnect between the white house and congress. >> reporter: who do you think is
responsible? >> i think that in a large part the president is responsible for it simply because he does not have the experience in working in government. >> reporter: at a climbing gym in chat fotanooga where corker wasn't mayor, do you agree with his statement? >> unnor natalie i think i do. >> within a certain time his presidency will be eeown and he needs to have accomplished some of those things. >> reporter: despite his concerns, he said he would vote for trump again if presented with the same choices. ♪ >> reporter: in nashville matthew noel son who topped the charts in the early 90 ace, says the division means trump is isolated. >> he had a little more faith then he should have with how easy it was going to be to get started and i hope he gets enough support to be able to
govern and to help. >> reporter: one thing everyone agrees on, the message for washington. >> get it together, boys. it's not -- it's not preschool. >> reporter: athena jones, cnn, nashville, tennessee. >> corker has some republicans riled this week the president's chief strategist steve bannon railed against him. listen to this. >> as bob corker has trashed the commander in chief of our armed forces, while we have young men and women in harm's way, right, he said he's leading them on a path much world war iii, that's he's not stable and people have to keep him moderated. that it's an adult -- an adult center and they took the morning shift off, by some u.s. senator in a position of that authority for first time in the history of our republic has mocked and ridiculed a commander in chief?
>> i want to bring in cnn political commentator and former democratic congress mab from new york, steve israel. thank you for joining us. in a cnn opinion piece you write this, retiring senator bob corker's recent comments about the white house that it's an adult day care center and his temperament reveal a basic truth what happens when you leave congress, you get to tell the truth. what exactly do you mean? >> well, senator corker's comments reflect what happens when you no longer have the constraints of the next election. your tongue which is reliably fastened to the left side of your mouth or right side of your mouth depending on your district, suddenly finds it's easier to roll forward. but this is -- this feud between senator corker and the trump administration, it's not just the typical kind of inside the beltway grousing, this is very significant for several reasons. number one, the cracks by
senator corker reveal deepening fissures. you have steve bannon threatening institutional republicans and republicans on the far right being primary by republicans on the far far right. this is a party that is experiencing some very serious problems and senator corker's comments about president trump are reflective of that. >> now he isn't even retired yet but does appear to be liberated. is that good or bad for his gop colleagues? >> you know, it's funny. i wrote that piece, ana, and received several e-mails fr s m colleagues, most were very kind. there was one that said, i can now speak the truth to you, the one thing that i really hate are free members of congress who have freedom to talk about what they want. i want to be clear that most of my colleagues -- most of my former colleagues, they speak
their minds but they have to mind their words. if you're in a competitive environment and i learned this from my own experience, you have one errant verb, it's going to be exploited and you'll find it on thousands and thousands of tweets. anything you say in politics can and will be used against you. and once you don't have to worry about the next election, you have a certain amount of freedom and liberation. >> yet president trump has said so many things during the campaign that so many political insiders would have considered political suicide. his supporters though, that was the appeal. he wasn't a typical politician. he didn't talk like a typical politician. they like his authenticity and it worked for him. do you think we might see more politicians follow suit? >> you know, well, you're seeing it. there are more politicians who made a decision, a political decision that their path to winning election is vilifying
people. it's tremistreating people and mocking people. donald trump is like a ven trillion quist, but here's the problem. all of this -- the fighting and screaming and vil fiction, at a certain point, most voters including the ones in the tape we just showed, they'll want to know, these people are fighting with one another but are they fighting for me? if you're in the middle class, are you seeing a better life? is your body of life improving and paycheck getting better? still 85% of puerto rico out of energy, wildfires in california, still hard to afford college and tough to figure out your next job. at a certain point this may play well but i believe that a fatigue will set in. people voted for donald trump because he said what he means. but at a certain point, he's got to deliver certain -- very specific and substantial improvements to the american people and if he can't do that, you're going to begin to tune him out and look for alternatives.
>> i read your piece and you talk about different circumstances where you felt your words were maybe taken out of context where you point to as examples of the reason why you have to be so careful about how you say things and where you say things and what exactly you're saying. now that you are out of congress, are there things you reflect back on and say, i feel free now to talk about this when i couldn't back then. what are those things? >> you know, i represented a fairly competitive district in the suburbs of new york. i was a democratic leader in the house. i was chairman of the democratic congressional campaign committee. when i spoke i wasn't just speaking for myself, i was speaking for the democratic caucus in a very significant way. and democratic candidate. i had to be especially careful. but my moment of liberation came after i was elected when i was speaking at the local group and some long islander started attacking me and i was being nice to him, wait a minute, i don't need his vote anymore and put the mike kroen close to my
mouth, you're about to see what i love most about not needing my vote. sir, you have no idea what you're talking about. that was one of the most liberating moments i've had since announcing i would not seek re-election. >> did positive respoeople resp positively? >> they clapped and loved it. no, they clapped. they enjoyed that authenticity. >> steve israel, thank you so much, former congressman from new york. we appreciate your time. >> thank you. >> now i want to talk more about the fires in california. new fires are popping up, tens and thousands of people have already evacuated. we're going to take you live to northern california when we come back live in the cnn quts newsroom. get 4 unlimited lines for just $40 bucks each. taxes and fees included. and now netflix included.
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massive wildfires, some of them still completely out of control. chewed up more than 200,000 acres including thousands of homes. the human toll is horrible, 40 people are now confirmed dead and sthaz not all. the whereabouts and condition of 200 other people are unknown. these are people who live in areas where the fires swept through leaving nothing standing. california's governor says this may be the deadliest outbreak of wildfires in the state's history. cnn's dan simon is joining us in kenwood, california and sonoma county and dan, we're hearing that as the danger lessens in one area, like napa, a new wildfire is cause for concern tonight. >> reporter: that's right, ana. firefighters are certainly making progress, containment numbers are going up, there
still are trouble spots, this is called the oak mont fire. you can see the fire burning up in the canyon. so far firefighters are basically leaving this fire alone because it's not threatening any populated areas. but yesterday was a different story, ana. it was really windy and the town of sonoma, many had to evacuate, a lot of structures went up. s in a different story today. winds have essentially died down, no longer under a red flag warning here and that is really helped out firefighters the tubbs fire that caused so much devastation in santa rosa and majority of people who died, died as a result of the tubbs fire, containment up to 60% there. firefighters feel like they are making progress. >> about 75,000 people had to ee vak wait their homes and towns. when will they be able to go back home? any idea at this point? >> reporter: yeah, ana., i lost
audio for a second but i thnk you talked about when people can actually go back to their homes. we know the evacuation order has been lifted for certain communities like calistoga and napa, homes that were not burned, people can begin going back to their homes and i'm sure they'll be glad to do so. shelters have been packed and people have been living out of hotels. those folks will begin going back. as far as the dangerous areas like the coffee park neighborhood, not a single home was left standing, those areas are still considered hazardous because of all of the charred and burned debris inside. i was in that neighborhood the other day and i ran across a retired police chief who was looking for something unusual. he was actually looking for his guns because he was concerned that looters could potentially go into the area and retrieve these guns if they were in good enough condition. he was concerned they could get into the wrong hands. i want you to listen to what he had to say.
take a look. >> tell me why you wanted to look for the guns. >> i was afraid that the guns were halfway decent shape that they were horrible, that somebody could come through here and dig around and then the guns would be back into somebody's hands they shouldn't be. >> i had five guns and this was an automatic revolver. there's not much left there and it's just melted metal. >> are you going to rebuild in the same spot? >> i think so. it's going to be hard. that was one of the things running through my mind do i want to come back to this neighborhood and experience the devastation day after day. it's going to be years to build this area back up again. >> reporter: just imagine what the rebuilding process will look like. it's going to take a number of years until you clear out that area and when you have it good enough condition where construction crews can come in and start rebuilding, you look what, two, three years from now,
it's going to be a long time. >> some of the pictures unreal. dan simon, stay safe, my friend. thanks for that report. two weeks ago today a gunman's bullets rain down on a crowd of country music fans in las vegas killing 58 people. last night in sacramento, california, mourners gathered to remember one of those victims. kirk vonn tillo was a truck company owner known for unyielding patriotism so he was honored by a sea of red white and blue as friends and family wore the colors of the american flag. his friends recall the life lost. >> really can't wrap my head around it yet. i loved him. he was somebody that you know, you did not see for three months and as soon as you saw him, you started right back. >> in the country music and big patriot and big beer drinker and just the most fun guy in the
world. >> described as a family man, he had gone to vegas for a family reunion. his wife, daughter and son-in-law were not harmed in the shooting but his sister and niece were hospitalized. they have since been released. a husband, father and grandfather was 55 years old. ♪ as king midas, i expect a lifetime guarantee. and so should you. on struts, brakes, shocks. does he turn everything to gold? not everything. now get $100 back on a 2-axle brake service with your midas credit card. book an appointment online.
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talk to your doctor about mo-van-tik. and how you can have a $0 co-pay. ♪ hungry eyes ♪ one look at you and i can't disguise ♪ ♪ i've got hungry eyes ♪ applebee's 2 for $20. now that's eatin' good in the neighborhood. for the first time that we know of, the special counsel investigator russia's election interference has questioned a member of president trump's inner circle, reince priebus. the former chief of staff and before that chairman of the national republican committee. he spoke to robert mueller's investigators this past friday. as chairman of the rnc priebus worked closely with the trump campaign which is currently under investigation. and as chief of staff he was a major part of decisions president trump made including the firing of former fbi director james comey and national security adviser michael flynn.
we've previously reported he's looking into both of those firings as well. i want to talk about this significant development, with a former assistant secretary of the department of homeland security. jewel yet, what are the major questions you would have or you think mueller would have for priebus? >> i think it comes down to two key moments, one is the firing of former fbi director jim comey. we have to believe priebus was in the room that e-mails, people conversed through e-mails and conversations were had. i think the second is not to be forgotten but was that moment in which president trump sort of dictates to his son an explanation about that very notorious meeting between donald trump jr., jared kushner and others in the trump campaign and this odd assortment of russians who apparently were not talking about adoption. remember donald trump jr. said
it was about adoption -- >> last june. >> right, that moment becomes a question of obstruction of justice at this stage. i think those two key areas are important and just on your pickup quickly, i would not call priebus sort of -- he's in the trump inner circle but i think what has to worry the white house right now, he's neither a son or son-in-law nor is he a true believer like a bannon. priebus -- he seems like a weak link if you're worried about who may be talking. >> to your point, we're learning about who they want to question along with priebus. they want to talk with sean spicer, communications director and white house counsel dawn mcgan, still in the white house but it's priebus and spicer on the outs. they we know had some kind of humiliating moments working for this president.
they were unceremoniously ousted. are they going to be loyal to the president? >> i think the white house can't answer that question affirmatively, they have to be nervous. there's conversations between priebus and spicer and donald trump, that may be true, but nonetheless, they are not -- they are not in the same tool as say a bannon or a jared kushner, a hope hicks been with him a long time or even a mike flynn with strong ties to trump before. look, this is how conspiracies unfold. the prosecutor goes after the weakest link and he or she begins to talk and others realize they are implicated. you mention don mcgahn, not shown a lot of strength within the white house and therefore is now being interviewed about what did he do to perhaps assist donald trump in some of these
questions about obstruction of justice. >> we're learning much more about russia and social media and digital campaign that was waged. days before the election, bloomberg reporters were given exclusive access to the trump campaign and digital strategy. i want to read a portion of the report. this is somewhat enlightening given where we're at in the investigation and it reads, instead of expanding the electora electorate, they are trying to shrink it. we have three major voter suppression operations under way. needs to women overwhelm iingly idealistic white liberals and young women and african-americans. we know because we've modeled this as the official. it will dramatically effect her ability to turn these people out. now we know robert mueller is looking into russia linked facebook ad that targeted key demographic groups in states critical to who was going to win this election. those rust belt states who
ultimately went to president trump you put the different pieces together and you note that dissension could be aimed at voter suppression. where does that leave us? >> it leaves us with a question, is this really just a coincidence, i've been saying on your show and others all along, between benign and collusion, we're far from benign because there's been lies about the meetings and attempts to cover up the meetings that had occurred. are we at collusion? we haven't seen it on the outside but information like what you just described, that's some coincidence that the strategy of the russians was exactly the same as the strategy of the trump campaign. this is clearly what mueller is look at and it's important to note -- on the impact, it suppresses the vote, people's desire to vote and in this case
desire to vote for hillary clinton, that is how donald trump won. the campaign will say the trump presidency will say this is just a coincidence, that's a lot of coincidences at this stage in my opinion. >> that's what the investigators are trying to figure out, is it just a coincidence thank you for your analysis. >> imagine what it's being like without running water for nearly a month. how would you survive? >> he wakes up at 4:00 in the morning and he comes here and real picky, fills up and he takes it to our neighbors -- >> and puerto rico after hurricane maria's devastation, the struggle for basic necessities is a harsh reality. we'll take you there ahead in the cnn newsroom. elite's exclus, you get a strong repair that you can trust. plus, with most insurance a safelite repair is no cost to you. >> customer: really?! >> singers: safelite repair, safelite replace.
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>> oversatiseas, still no claima double bombing. this is mog dish shoe, the capital of somalia. two car bombs went off in two crowded neighborhood. extremist group linked al qaeda is active in somalia and has claimed responsibility for several deadly bombings there. it has been nearly a month since hurricane maria devastated puerto rico. as of today, 85% of the island still does not have electricity. the governor plans to restore power to 95% of the u.s. commonwealth by the first of december. in the meantime, people living there are struggling to get the base sick necessities.
ed lavandera is there. >> reporter: along a winding road high in the mountains south of san juan, this stream of water is a lifeline, a pit stop now in the daily routine for thousands of people. beverly and her husband pulled up under the makeshift water spouts, pvc pipes dipped in the stream overhead to divert the water into massive tanks. >> every day is a struggle, he wakes up at 4:00 in the morning and comes here and fills up and he takes it to our neighbors rmt the water isn't safe to drink but people use it to take showers and for cleaning. and for some like a dree an who lost their job since the storm, delivering this water to residents is a way of making extra money. santiago delivers the water to nelson vaz quez who lives several miles away and keeps two
large 55 gallon drums in a garage next to a generator to power the basic necessities in his home. he said living in the storm's aftermath is like traveling back in time. >> our great grandmothers used to carry cans of water on their hip from the lake to wash clothes. >> the roadway into the neighborhood was washed away by the storm. there are 40 families that live on the other side essentially cut off from the rest of the town. they are having to figure outweighs to get in and out. and this is one of those makeshift ways, a path so people can walk in and out of their own neighborhood. on the other side of the road collapse is where we found elisabeth diaz caring for her newborn baby boy. diaz gave birth two days before maria struck and when she left the hospital, she walked into the ruins left by the storm. her only focus now is caring for her baby who was born
prematurely. her house where she normally lives is unlivable right now because of the hurricane damage so she is living here, no place to take a newborn baby. >> here in the mountains of central puerto rico, many residents are set eling into the reality that a normal day isn't even a flicker of light at the end of the tunnel yet. one man put it this way, we're prepared for a dark christmas. there will be no holiday lights decorating the island this year. ed lavandera, cnn, puerto rico. >> thank you, ed. cnn chief business correspondent christine romans joins us with this week's before the bell. christine. >> it has been good times for big american companies, their profits were fantastic in the first two quarters of the year and this week we'll get a good look at how much money they are making now. s&p 500 companies are expected
to report earnings growth of 2.8% for the third quarter. not as strong as the first half of the year likely because of the effects of hurricanes harvey and irma, particularly on the insurance industry. now, if you exclude the insurance industry, forecast earnings growth of nearly 5%. wall street marks a dark anniversary this week, black monday. on october 19th, 1987, the dow fell 22.6%. it is still the biggest one day percentage drop of all time. what a difference 30 years makes. the dow is now approaching the 23,000 mark and that's a rise of more than 1200% since black monday. in new york, i'm christine roma romans.
(baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play (bell rings) kyle, we talked about this. there's no monsters. but you said they'd be watching us all the time. no, no. no, honey, we meant that progressive would be protecting us 24/7. we just bundled home and auto and saved money. that's nothing to be afraid of. -but -- -good night, kyle. [ switch clicks, door closes ] ♪ i told you i was just checking the wiring in here, kyle. he's never like this. i think something's going on at school. -[ sighs ] -he's not engaging.
>> you're live in the cnn newsroom, i'm ana cabrera in new york. on the same day president trump was enjoying a round of golf, his secretary of state was going round after round on whether he called the president a moron. that one republican even likened it to a public castration. >> is it true, did you call him a moron? >> as i indicated earlier, i was asked about that, i'm not going to deal with that kind of petty stuff. this is a town that seems to relish gossip, rumor, inyou endo and feed on it, feed on o