tv CBS Evening News with Jeff Glor CBS December 4, 2018 5:30pm-6:00pm PST
tonight at 5:00, a lot of information on this show. >> veronica, paul and i back in 30 minutes with more news for you. we'll talk more about in-n-out. >> glor: on the "cbs evening news" this tuesday, the dow drops nearly 800 points. we will break down what is happening on wall street. as america honors the 41st president, a remarkable moment today, as bob dole paid tribute. and, the unlikely friendship between a president and a comic. all that and more beginning with the headlines in 60 seconds. >> the stock market taking a massive hit today. >> the dow suffering its fourth largest point loss in history. >> prompted by confusion over the u.s. trade wars with china. >> thousands are visiting capitol hill today to pay their respects to president george h.w. bush. >> a remarkable moment-- former senator bob dole, helped from his wheelchair, to salute his old friend. >> over the next couple of days, it is going to be cold all across the country.
>> temperatures are forecasted to drop below freezing in portions of all 50 states. >> the massive beef recall is expanding even more. >> 12 million pounds of raw beef produced from jbs tolleson may have been contaminated with salmonella. >> a mistake by wells fargo may have led to some 500 home foreclosures that could have been avoided. >> they destroyed my kid's life, and my life. >> big football news-- ohio state head coach urban meyer will step down after the rose bowl. >> i'm honored to have represented my home state at this great university in the past seven seasons. >> a nine-year-old in colorado gets one town to lift its snowball fight ban. >> dane best presented his argument at his town board meeting last night. >> who is going to be the first target? >> my brother. >> glor: and this is our western edition. good evening, i'm jeff glor. tonight, a solemn procession continues at the u.s. capitol as americans pay tribute to former president george h.w. bush. we're going to have much more on that in a moment, including
on tomorrow's funeral plans. but we begin here tonight with today's sell-off on wall street. the dow nose dived to its fourth worst daily point loss. cbs news business analyst jill schlesinger has details. ( bell ringing ) >> reporter: at the final bell, there was a sea of red on wall street. u.s. stock indexes tumbled. the dow jones industrial average fell by almost 800 points, losing 3% of its value today. shares of technology giants like apple, amazon, and google fared even worse, pushing down the nasdaq 3.8%. it's off more than 10% from its august high. stocks soared yesterday, but today, investors lost confidence in the u.s.-china trade war time-out, after president trump's tweet this morning calling himself "a tariff man." industrial giants like boeing and caterpillar, who are vulnerable to those trade issues, had big losses. and larger concerns about a slowdown in growth pushed down
companies in the banking, transportation, and housing sectors. today's slump has some economists and c.e.o.s beginning to talk about the "r" word. jamie dimon is c.e.o. of jp morgan chase. >> glor: okay, jill, so this is the fourth worst daily point loss. by percentage, it's not even the top 50. we should put that in context. that said, 800 is quite a bit. jamie dimon using the word "recession." what do we make of that? >> well, i mean, look, this is an expansion that has gone on for almost 10 years, and recessions are part of the normal business cycle, and that's something we all know. but the reality is that right now, most economists believe that while growth is good today, we're going to slow down in 2019. we're probably going to go from 3%-ish for 2018 down to 2.5%, 2.7%. maybe by the end of next year, we go negative.
that would lead to a recession potentially in 2020. >> glor: okay, jill schlesinger, thank you very much. we should mention the stock markets are closed tomorrow, and there is no mail service, in observance of a national day of mourning for president george h.w. bush. today, americans lined up to pay their respects, pausing in silence at his casket. mr. bush is the 11th president to lie in state in the capitol rotunda. and today, there was an unforgettable moment when fellow world war ii veteran, former senator bob dole, now 95, stopped to salute him.
>> glor: a moment no one will forget. nancy cordes has more on today's tribute. >> reporter: under the capitol's great dome, everyday americans and luminaries alike filed past in near silence with a tear, a salute, or a prayer for the nation's 41st president. his long life of public service reflected in the faces of well- known aides, colleagues, and friends, like cindy mccain, whose late husband, john mccain, was the last person to lie in state here. president and mrs. trump visited the bushes for about 20 minutes at blair house today. the two families have clashed in the past, but appear to have reached a detente, though mr. trump will not have a speaking role at tomorrow's memorial service at the national cathedral. at a conference today, jeb bush
explained why. >> what people want to talk about is, well, why isn't the president giving the eulogy? and it's because we have a unique circumstance here-- my brother was president. you know? ( laughter ) it's like-- i'm sorry. >> reporter: outside the capitol, citizens from across the country waited to say goodbye. >> i just drove all night from boston, massachusetts. >> reporter: irene schaefer of san francisco brought her ten- year-old granddaughter. >> maybe once in a lifetime that you would, you know, see that, that everybody comes together. we're together, you know. we're not divided. >> reporter: inside the rotunda, we saw sports legends like peyton manning, and people who benefited from the americans with disabilities act, which mr. bush signed into law. the bush family visited, too, mingling with well-wishers. >> i know my dad's heart would have been warmed. ours clearly are. >> reporter: neil bush came last night, and again today. >> it was more rewarding for me to be able to hug people who
were actually grieving and crying and to be able to share-- i don't know-- the strength that i know, that i get from being able to celebrate a life so well lived. >> glor: all right, nancy is still in the capitol tonight where people are still lining up this evening. and, nancy, you are just getting some more details on the service coming up tomorrow. >> reporter: correct. so the public viewing continues overnight here at the capitol. there are still thousands of people waiting to get in. and then tomorrow morning, president bush's casket will be transported via motorcade across the city to the national cathedral for a memorial service that will be attended by every living president, and by many foreign leaders, including german chancellor angela merkel, and great britain's prince charles, jeff. >> glor: okay, nancy, thank you very much. we will bring this broadcast there as well. cbs news will have live coverage tomorrow of the state funeral of george herbert walker bush. on "cbs this morning," our guests include former bush aide and secretary of state condoleeza rice.
a blast of arctic air is pushing of arctic air is tomorrow, parts of all 50 states could experience freezing temperatures. snow is in the forecast for the weekend, in the south and east. several senators came out of a closed-door briefing with c.i.a. director gina haspel, more convinced than ever that saudi crown prince mohammed bin salman had advanced knowledge of the murder of journalist jamal khashoggi. president trump has said, "maybe he did, make he didn't." republican bob corker said if the crown prince were put on trial, a jury would find him guilty in about 30 minutes. fellow republican lindsey graham said this: >> there's not a smoking gun. there's a smoking saw. you have to be willfully blind not to come to the conclusion that this was orchestrated and organized by people in-- under the command of m.b.s. >> glor: graham said he will not support any arms sales to the saudis as long as the crown prince remains in charge.
in florida tonight, multiomilln- connected money manager jeffrey epstein struck a last-minute deal today to settle a civil suit that would have exposed details of extensive allegations of sexual abuse against him. some of his accusers were ready to testify. jericka duncan is in west palm beach. >> reporter: after today's last- minute deal, jeffrey epstein's victims may never be heard in court. brad edwards is the attorney who represents several of the women. do you think epstein will face any criminal charges? could he face criminal charges at all? >> he could. do i think he will? probably not. i mean, that's-- that's just the reality of who he is, versus who the victims are. >> reporter: according to the "miami herald," in 2006, the f.b.i. launched a probe into allegations that epstein sexually abused dozens of teenaged girls by having his personal assistants lure them to his home, where they thought they would be paid for giving massages, but would instead perform sex acts.
to fight those allegations, epstein assembled a legal dream team that included alan dershowitz and former special prosecutor kenneth starr. the multi-millionaire could have faced life in prison, but with their help, struck a deal. he pleaded guilty to state felony prostitution charges and served a 13-month sentence. epstein was allowed to spend up to 12 hours a day, six days a week at his office. the federal prosecutor who agreed to the lenient sentence in that case: alex acosta, the current u.s. secretary of labor. epstein was known to be politically connected. flight logs obtained by several media organizations indicate that former president bill clinton was on epstein's private jet at least 26 times between 2001 and 2003. epstein supposedly knew president donald trump, who said in a 2002 interview with "new york magazine," that "epstein is a terrific guy" and that "epstein likes beautiful women as much as i do, and many of
them are on the younger side." mr. trump's attorney told fox news, "there was no relationship between jeffrey epstein and donald trump." the now-65-year-old epstein was one of the most successful money managers in america, handling billions of investors' money. >> if it were someone else, that didn't have that money or power, they would be in jail for life. that's just what would happen to them. >> reporter: today, a spokesman for acosta said that this matter has been publicly addressed and that the u.s. attorney's office defended acosta's actions. as for edwards, he says that the settlement he reached with epstein included an apology and a confidential financial agreement. jeff, epstein had no comment. >> glor: okay, jericka duncan, thank you very much. returning now to our coverage of george h.w. bush and his many years of service to this country. david martin tonight shares a story of how it all began for the former president as a young naval aviator in the pacific during world war ii.
>> reporter: like many war-time pilots, lieutenant junior grade bush named his airplane after a girl back home-- only, he had to call it "barbara iii," because he had lost his first two planes, one in training and one to enemy fire. that's how dangerous flying was in world war ii. there were 16 pilots in lieutenant j.g. bush's squadron, according to retired admiral samuel cox, director of naval history. >> half of them were killed or captured before the end of the war. >> reporter: his service records show cadet bush was average in flight school. one instructor described him as "somewhat eccentric." he flew the "avenger" with its three-man crew, the heaviest plane the navy dared to fly off an aircraft carrier. his target on september 2, 1944 was a japanese radio transmitter on the island of chichi jima. a navy animation shows his plane being hit as he began his run into the target, but staying
with it until he dropped his bombs, before trying to get back over water. what would happen to fliers who parachuted down onto the island? >> the japanese executed all of those who survived. >> reporter: out over the water, he told his crew to bail out. >> two parachutes came out of the aircraft. one opened, which was presumably lieutenant j.g. bush. the other, what's call a "streamer," is that the parachute didn't open. >> reporter: neither of the crewmen were seen again. lieutenant j.g. bush landed in the water and swam to a life raft. >> the japanese came out after him. some fighters from the flight were able to strafe the japanese boats and keep them away during the four hours that bush was actually in the water. >> reporter: a u.s. submarine got to him before the japanese could. >> bush was actually surprised when, out of nowhere, this submarine surfaces, you know, right next to him. >> reporter: 20-year-old george
bush spent 30 days on that submarine, thinking, as he later told the author james bradley, "why had i been spared? what did god have in store for me?" david martin, cbs news, the pentagon. >> glor: coming up next on tonight's "cbs evening news," hundreds lost their homes because of a bank's computer error. wait until you hear what the bank told them. them. that's why i take osteo bi-flex to keep me moving the way i was made to. it nourishes and strengthens my joints for the long-term. osteo bi-flex because i'm made to move. the new capital one savor card. earn 4% cash back on dining and 4% on entertainment.
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loan modification to lower their mortgage payments because they had fallen behind. but the bank turned them down. >> at that point, i just gave up. >> reporter: he and his wife split up. the house went into foreclosure. and with the blow to his credit, he hit rock bottom. >> my son and i had to move to the basement of a friend's house. i had a couch, and my son had a bed. but... >> reporter: that was tough. >> it felt-- i felt worthless. >> reporter: then, this past september, he got a letter from wells fargo. it read, "we made a mistake. we're sorry." it blamed that mistake on a faulty calculation and said the loan should have been approved. >> they destroyed my kid's life, and my life. and now you want me to-- what? "we're sorry"? >> reporter: wells fargo now says that calculation error affected some 870 customers over an eight-year period. about 545 of those customers
ultimately lost their homes to foreclosure. >> the question is, how did this happen? >> reporter: alys cohen is with the national consumer law center. >> aren't they supposed to check their computer programs regularly to make sure they're accurate? >> reporter: wells fargo did send aguilar a $25,000 check and says it's working with each affected customer to resolve the issue and offering no-cost mediation. but aguilar says... >> i want wells fargo to know that we're real people. we're not just money. >> reporter: anna werner, cbs news, new york. >> glor: great reporting by anna. coming up here tonight, why the government nearly doubled the size of a beef recall. recall. lower premiums? extra benefits? it's open enrollment. time to open the laptop... ...and compare medicare health plans. why? because plans change, so can your health needs. so, be open-minded. look at everything - like prescription drug plans... oh, and medicare advantage plans from private insurers.
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against a former assistant. a beef recall was expanded today to include 12 million pounds of ground beef and other products processed at an arizona plant. the meat may be tainted with salmonella. at least 256 people in 26 states have gotten sick. it was sold in stores nationwide and identified by the code e.s.t.-267, printed inside the u.s.d.a. mark of inspection. throwing a snowball is now legal in severance, colorado, after a nine-year-old named dane best challenged a nearly 100-year-old ban. >> it's an outdated law, and i want to throw snowballs without getting in trouble. they're fun when it's winter out, and there's really nothing else to do except for sledding. >> glor: last night, best made his case to the town council and won. he said his little brother would be his first legal snowball target. up next here tonight, how the 41st president became friends with the comic who spoofed him. him. hi i'm joan lunden.
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to start out with mr. rogers: ♪ it's a beautiful day in the neighborhood ♪ then you add a little john wayne. "here we go, let's go over the ridge." you put them together, you got george herbert walker bush. >> reporter: together, president bush and his comedic foil, dana carvey, forged a perhaps- unexpected friendship, one that started after bush lost his bid for re-election in 1992. mr. bush invited carvey to the white house as a pick-me-up for the staff. >> i was standing in the lincoln bedroom last night and i couldn't resist getting on the phone, and i called up the secret service as the president. "feel like going jogging tonight." ( laughter ) "in the nude." ( laughter ) >> reporter: carvey's "saturday night live" impressions were comedy gold. >> bad! they're bad! bad! >> reporter: so memorable, mr. bush himself had to join in the fun. >> not gonna do it. not gon' da't. >> in all my years of government service, i never once said "not-ga-da."
>> reporter: the president's grace and generosity vividly on display as he recounted a phone call to carvey. >> he said, i hope i've never crossed the line. and i knew exactly what he meant, and as far as i'm concerned, he never has. and the fact that we can laugh at each other is a very fundamental thing. >> we had so many warm moments with them, and... >> reporter: in april, carvey described his 25-year friendship with the bushes, and how times have coarsened. >> they didn't demonize the other side, you know. it was just a different time. >> reporter: upon mr. bush's death, carvey wrote simply, "when i think of those times, what i remember most is how hard we would laugh. i will miss my friend." major garrett, cbs news, washington. >> glor: that is the "cbs evening news" for tonight. i'm jeff glor. i will see you tomorrow from washington, and we leave you tonight with images of former president george w. bush and wife, laura, paying respects again to his father. good night.
now at 6:00 rain arriving just in time for the ride home. >> homeowners bank on a fix for san francisco's sinking tower and it won't come cheap. >> and the fate of a bay area airport up in the air, the heated debate over its future. kpix5 news at 6:00 begins right now on the storm watch. another round of rain coming in timed just right to make a sloppy commute home. hi-def doppler shows showers starting to make their way to the north bay. we've seen rain in the last half hour at the bay bridge toll plaza and here's a live look from the richmond san rafael bridge, a few drops starting to show up there.
>> this was taken earlier from the appropriately named rain cloud drive. our meteorologist paul deanno is tracking how long the showers will stick around. h>> paul, this -- >> paul, this is not a big rainmaker but coming right when everybody is hitting the roads. >> we're seeing the rain now increase in both coverage and intensity right before that evening commute. there is one hotspot in the bay area now. it is you in marin county. san rafael, tiburon, belvedere getting steady rainfall, wider precipitation, more widespread around livermore and the tri- valley including dublin south on 680 through milpitas to san jose, campbell, saratoga, mountain view getting some rain. the majority of the rainfall is offshore. that's where it's going to stale because the