tv CNN Newsroom With Brooke Baldwin CNN August 23, 2019 12:00pm-1:00pm PDT
with. the dow tumbling. trump didn't stop with china or its president who he compared to federal reserve chairman jerome powell, the man trump nominated to lead the agency two years ago, today, president trump asked whether jerome powell or president xi was the biggest enemy of the u.s. for his part, chairman powell told economists today that there is a risk of an economic sloedown, noting the fed is voting to take appropriate steps, by the way the fed needs to hold its next rate in a couple weeks. let's begin with abby phillip who's live with me in washington. krrn condition has learned just first on china, that the president and his trade team met after china announced those new tariffs and he promised some sort of response this afternoon, do we have any further details on what the white house may be planning in response. >> we heard no, sir at all from
the white house. his twitter feed has been slirnt the last few hours, he met earlier today with his trade team, trying to come up with a response to these new retaliatory tariffs from china, he's signaled that he's not backing down in fact he's trying to convince u.s. companies to pull out of china all together. saying the united states doesn't need china at all. and there's a big question this afternoon about what form will this response take. will we see president trump today, will he issue a written statement of some kind. will there be more forceful measures coming from the white house. we don't know as of this moment, but as you pointed out, wall street economists, investors, they have been hanging on every word from president trump. the markets reacting strongly to everything he's been saying on social media thus far. really the stakes are quite high for what president trump will say today.
just hours before he is set to get on an airplane and leave for france for the g-7 summit for world leaders. >> let's talk about that, we have new reporting that folks familiar with conversations tell cnn that president trump has complained about having to go to the g-7 for his third time, asking why he had a to attend. so what's going on there, abby. >> the g-7 has always been for president trump, one of the more contentious of these summits that are convened multiple times in a year with other world leaders. remember last year, the president was at the center of this iconic photograph of german chancellor angela merkel staring at him over a table practically pointing at him, trying to convince him along with other world leaders to sign on to this communique document. the president did not want to sign. that's the kind of environment president trump is going into. our sources are telling us the
president has been telling his aids, he doesn't understand why he needs to be at the g-7 at all. he's complained about some of the sessions which have been focused on the economy, the oceans. the president pulled the united states out of the climate paris accord -- the paris climate accord, which most of the other world leaders signed on to. all of the other world leaders signed on to. there's some underlying tension there. the president has wanted to have more venues to brag about his own accomplishments and the american economy. aids have tried to create some new venues this weekend for him to do that. there's a sense of dread both from president trump's part, and the world leaders who know this is the kind of environment that the g-7 often is, emmanuel mack roan said this week, they're not going to have a communique this year, to eliminate the possibility that there will be a contentious fight over the wording of a document, a fight that president trump might be the leader of, brooke. >> won't even have a communique
this year. abby phillip at the white house, thank you very much. we'll stand by for that response from the white house on the markets. >> back here at home, jerome powell is speaking at an annual forum on the same day. the president of the united states questioned whether powell or the president of china was the nation's biggest enemy. alison kossic is tracking the action down at the new york stock exchange. you tell me, what are the det l details on powell's speech today and how are investors reacting? >> they're not reacting well. those tweets are stirring up the selloff you're seeing right now. they're close to session lows, you saw investors pay attention to all the tweets that president trump made today both on china and as he sort of pulverized jay powell right there on twitter saying as usual the fed did nothing. but here's the thing. the fed meaning the fed members, the fed chief.
it's not an actual fed meeting where decisions are historically made, the expectation that a rate cut or some sort of decision was supposed to happen is really unrealistic, and for the president to go ahead and lash out against jay powell was really out of line, what many investors have told me. usually when you see a fed chief make a rate decision outside of a regular feds meeting, it's for an emergency. the last time i looked, it's not in any kind of economic emergency. the last meeting for the fed is september 17th and 18th, while there are expectations the fed could go ahead and cut rates again. jay powell didn't give any indication that that would happen. he did acknowledge that in the three weeks since powell did have that rate cut happen, he has seen more turbulence in the economy. brooke? >> alison, thank you very much. >> liz ann saunders, the chief
investment strategist for charles schwab. nice to have you on, liz. >> thanks, brooke. >> your thoughts on china's moves today, what do you think their reasoning was for doing this now? >> well, i think it's reta retaliati retaliation, it was clearly tied to the initial decision to go to 10% on the remaining $300 billion. i think the only thing that was tied to the more recent news was when the trump administration split the tariffs, conceding there would be an impact on the consumer with only some kicking in on september 1st. the fact that china timed their implementation of tariffs to that same point made it a more direct retaliation, to have expected china not to retaliate i think was probably foolish to the extent people thought they would sit back. >> they've retaliated. we're basically more than a year and a half into this fight with china. you tell me, is there any hope of a deal being made? because that is the biggest
economic boost we could get. >> it is, and i think absent a deal which does not look like there's any chance of that happening, at least in the near term. it doesn't look like either side is inned position to do the compromising that would be necessary to get not just a trade deal light, but something comprehensive in nature. i think the hit to business confidence and the denting of animal spirits which has led to a rollover of capital spending intention plans and eliminating the hope we would extends this expansion by having business spending kick in from what has been more of a consumer economy, i don't see absent a trade deal where you reignite animal spirits, and the notion that the fed, whether they cut by a quarter point or a half a point in september. >> how much would that -- >> whatever ails us. >> if they do that, if they cut -- they're already low, if they cut any more, would that really juice the economy in the
way that it's necessary? is infrastructure off the table or anything else that could achieve something -- >> i think on the emergencien. on the margin it helps things like housing, but it doesn't solve the uncertainty with regard to a trade deal. it may provide a boost to asset prices which is what monetary ease has done successfully in the last 10 years or so. it's not the elixir for what ails the united states economy. >> housing as an example is not a big enough portion of the economy to offset the hit that has come from the lack of business confidence. >> let me ask you about the fact that trump is demanding the u.s. companies abandon china. these are the two biggest economies in the world. no one's pulling out. what are the implications when u.s. business people don't listen to the president and does it show more weakness? >> well, he -- no president has the authority to demand that of companies. you had -- >> he tweeted, i here by
order -- you saw that. >> those are the words, but he doesn't actually have the authority to do that. and you saw the retail federation come out and really push back, and talk about the intry kasi of the global supply chain, and this is not something that can be turned on a dime. i think this is what a lot of companies are facing, is that we are so integrated globally, that we have to concede that trade is not somebody wins, somebody loses. when you're dealing with the two biggest economies in the world, the ripple effects, not just through the confidence channels we talked about, but through the trade channels goes well beyond the united states and china. and has had a real dammenening effect on the economy, and i don't see a resolution for that dampening effect. >> there was a piece in the washington post this morning, on president trump relying on his messaging skills versus hard data, facts from aids showing a
slowdown. how much longer can he dismiss this? >> well, i think that the fact are to some degree right in front of us, there has admittedly been and still exists a bit of a defining line, a hardline between what's going on in the manufacturing side of the economy and what's going on in the consumer side of the economy, the rub is that we're starting to see some of the leading indicators associated with the consumer side. some confidence measures, the average workweek condensing a pickup in claims. if we start to see the manufacturing weakness morph 23450 the consumer side of the economy in september through december. then i think that represents a much more difficult economic environment. this notion that the hit from tariffs is still perspective, we've seen it already, we've seen it in the numbers. we've seen it in the confidence measures, we've seen it in things like the ism
manufacturing index in new waters and capital spending intention plans, it's notte es not esoteric any more. we can do the math of what the impact would likely be if those addition altar is kick in, that doesn't include what china just did, and there will have to be some math associated with that too. >> thank you for your expertise. i appreciate it. >> thank you. >> as we have been talking, i want to point out that the president's new tweet, after hours of silence, the dow is down 573 points perhaps on the news that seth molten, whoever that may be, has dropped out of the 2020 presidential race. i'm glad this is all funny to the president. whether it's farmers losing their livelihoods or workers losing party of their hard earned 401(k)s, it's hilarious,
mr. president. still ahead here on cnn breaking news about ruth bader ginsburg, she has undergone a new treatment for pancreatic cancer. plus, vladimir putin ordering a response to this week's missile test. what that could look like. i will talk to the author of an opinion piece that claims president trump may have inspired more hope and change than president obama. he'll explain exactly what he means by that. ♪ boom goes the dynamite, ♪ feels like i'm taking flight. ♪ [sfx: poof] [sfx: squeaking eraser sound effect.] ♪ i am who i wanna be ♪ who i wanna be ♪ who i wanna be. ♪ i'm a strong individual ♪ feeling that power ♪ i'm so original, ♪ ya sing it louder. ♪ i am, oooh oooh oooh oooh ♪ ehhh ehhh ehhh ehhh ♪ i am, oooh oooh oooh oooh ♪ i am his life is pretty comfortable. then, he laid on a serta
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breaking news, ruth bader ginsburg has undergone cancer treatment this time for her pancreas. what do you know? >> we know she had this pancreatic tumor removed. and according to the press release, they say there is no evidence of disease we want to be careful with that term. no evidence of disease. that's a good thing to here. there can later be evidence of disease unfortunately, and that doesn't happen to cancer patients. i was speaking to dr. otis frawley. he explained she had pancreatic
cancer ten years ago, you can tell from her treatment it was localized it was very small, it hadn't spread. they caught it because they were doing a ct scan for another any reason. now there's a tumor on another part of her pancreas. he said, look, people can be treated for this and live for years he's seen it happen. he said i'm not going to give you a number. he didn't treat her, he doesn't know anything about her case. i have seen patients in this situation get treated and live for years. it's no guarantee, if i patient asked you, what's the prognosis, what are the chances, i would tell them, impossible. >> she's beaten cancer several times over as you and i discussed last hour. she's one tough 86-year-old. >> that's so important, that she's healthy. >> thank you so much for that. breaking news out of illinois, health officials announce what could be the first
known death from a severe lung illness that could be connected to vap something. >> yes, there are these cases popping up, typically young healthy people that develop these possess pir torespiratory symptoms. it could be from vapping, we're not sure. the fact that so many of people were young and healthy, the only thing they can think of is that maybe it's vapping, maybe it's something else, they're looking into it, the cdc just had a call with reporters where they're looking into 193 cases like this that are being investigated in 22 states. people who get very sick and it may be because of vapping. they have to find out if that's the cause. coming up next, this bizarre tail out of russia, government officials confirming a doctor tested positive for radioactive material after he treated
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new cruise missile in n an unex press conference. putin ordered his military to research and prepare asymmetrical response. >> given the newly emerging circumstances, i instruct the ministries and relevant departments to analyze the level of threat posed by the actions of the united states to our country. and take comprehensive measures to prepare asymmetrical response. >> they launched a missile test that travelled 310 miles before meeting its target. fred plaitkin is live in russia. >> not all of the super weapons are medium ranged that the russians have been talking
about, vladimir putin spoke about those weapons as well. in that press conference which as you said, was quite unannounced and came surprisingly, he seemed downright angry at this u.s. missile test, the fact that this missile was tested 16 days after the imf treaty shows that the u.s. got rid of that treaty on purpose, and that the u.s. was planning this for a long time. the u.s. says that it went out of this treaty because the russians were the ones they had been cheating. what vladimir putin is saying when he says there's going to be asymmetrical response as he put it, he says that's going to be a tit for tat response. it's unclear whether he's going to deploy new medium range weapons in the not too distant future, it seems judging by his body language, he could be one step closer to a nuclear arms
race between u.s. and russia. >> that's a very real be possibility. let me ask you about this bizarre development today in that russian military explosion that killed those five scientists. officials confirmed that one of the first responders was found to have radioactive isotope with cesium 157 in his muscle tissue. you're hearing a strange explanation as to why. >> the russians said there was not a radiation spike, then there was. now, russian opposition media, this is key. is now reporting that two of the people were killed died of radiation poisoning. official russia has not con 23ir78ed that yet, however, they did confirm today that one of the doctors who was treating the victims has the seize yum isotope in his muscle tissue. now, they then said and this is where the explanation gets
bizarre, that they don't believe this came from treating people who were exposed to some sort of radioactive explosion, but that he probably ate seafood as they put it, he was on vacation somewhere in asia, and they believe he may have consumed a crab from the fukushima region rather than it going back to the people he treated after a radioactive explosion. >> it is something that seems quite strange to say the least, brooke. >> i'm no expert, but i'm about to talk to one. edwin, seize yum 111. is it in the realm of possibility that it could be in there from crabs from the
fukushima area? >> it's in the realm of possibility but it could have come from a lot of other places as well. an isotope like cesium 1. comes from a lot of different ways. it was injected when we tested atmospheric or nuclear weapons in the atmosphere when chernobyl exploded. when fukushima exploded and released cesium 1. >> if you're this doctor, how worried are you. >> we don't know what the level of exposure is, so it's hard to tell. >> it's true you have to -- if you inhale or ingest cesium will end up lodged in your muscle.
it does have a 30 year half life. >> this is not the only nuclear headline to come out of russia today. they just launched the world's first floating nuclear reactor to the arctic. greenpeace is calling it floating chernobyl are you concerned about this? >> i'm concerned about it. i think floating chernobyl is a different situation i am concerned about the push for building small transportable reactors it's not just russia doing, the united states wants to do it as well. the department of defense issing looing at building small reactors for deploying military basis overseas.
because they're small and transportable. they don't have the containment structures that are needed to contain radiation in the event of an accident. >> edwin, thank you very much, nice to have you on. after several incidents of bad behavior and scandal, the commander of the navy s.e.a.l.s. the dow still plummeting as the president warns businesses after china retaliates. and, of course, as the president sent out a tweet joking about all of this and his joke involves u.s. congressmen and veteran who served this country in iraq. banjo? (man) go home. (woman) banjo! sorry, it won't happen again.
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the admiral year seeing the navy s.e.a.l.s refers to navy core values what does this stem from, what are the charges? >> hi, brooke. you will remember there have been a number of very high profile cases of misconduct in the elite navy s.e.a.l.s organization, allegations of alcohol use, sexual assault, misconduct on the battlefield, a whole slew of events. that led colin green, the head of navy s.e.a.l.s to write a memo a couple weeks ago saying, we have a problem. that got worldwide attention actually, and green ordered fixes within days. and now today we have admiral
green's new memo about just how very unhappy he is about what's going on, and what hen watts to do about it, let me start with him saying right off 9 top, he says, our force has drifted from our navy core values of honor, courage and commitment and he says it's due to a lack of action at all levels of leadership. he goes on to say, the drift stop now, it doesn't get much tougher than that. the actions admiral green is ordering, there will be more direct oversight over any allegations of misconduct, more attention paid to issues of misconduct involving sexual assault, alcohol abuse, more attention paid to issues like suicide, discipline action will be very heavily regulated. even grooming standards that s.e.a.l.s have to show up to work on base in their uniforms with the correct haircuts and grooming standards.
he's trying to reinstill discipline. it is one thing for navy s.e.a.l.s to be the commandos who operate fairly secretly around the world, the toughest of the tough doing the jobs that are so difficult that no one else can do, but what admiral green is saying to the navy, and saying to the navy s.e.a.l.s, you are not that special, you have to adhere to discipline, you are part of the military community. and your duty, this is really his message, your duty is not to your teammates, not to protect them, but your duty is to the country honor, duty, courage, commitment, he's trying to reinstill this, the s.e.a.l.s know they have a big problem, admiral green knows he has to do something to fix it. brooke. >> bash remark thank you very much. coming up next, a fascinating take on why the trump presidency may be good for progressive change in this country. the author of a cnn opinion
piece, trump is doing what obama couldn't joins me next. ♪ feels like i'm taking flight. ♪ [sfx: poof] [sfx: squeaking eraser sound effect.] ♪ i am who i wanna be ♪ who i wanna be ♪ who i wanna be. ♪ i'm a strong individual ♪ feeling that power ♪ i'm so original, ♪ ya sing it louder. ♪ i am, oooh oooh oooh oooh ♪ ehhh ehhh ehhh ehhh ♪ i am, oooh oooh oooh oooh ♪ i am
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we're staying on this breaking news today that ruth bader ginsburg has undergone cancer treatment for her pancreas. let's get to a director of the pancreatic cancer center at nyu. thank you so much for calling in. it said that justice ginsberg has a localized malignant tumor and no treatment is needed at this time. is she okay? what do you make of that? >> certainly locally confined pancreatic cancer, radiation can be an effective treatment for local control. i think knowing more of the details about the extent of the tumor. whether that involves any of the major blood vessels in the area,
would help us put things in more context it does sound that the tumor was blocking her bile duct. which is not uncommon when there are tumors loched in this location. according to reports, she's had a biliary stent put in place, which should relieve any blockage of the bile duct at the current time. so sounds like this is a reasonable approach based on the information we have on hand, we'll await more details. >> we know that she has beaten cancer several times over, to quote one line out of this statement, the tumor was treated definitively, there's no evidence of disease elsewhere in the body. thank you so much. president trump has brought plenty of chaos and change to his first term in office. trump has become this unintentional catalyst for progressive change in america by
angering and energizing the left with his tweets. some around eye that trump is inspiring that progressive change. the kind of change that president obama could only hope for. >> john blake is a senior writer and wrote this article for cnn.com. john, you know when you get into the beginning of your piece, it's trump that's bringing more hope and change than obama ever could. and you note that some people are looking at that and thinking, that may be blasphemy. state your case? >> when i first had the thought myself, it made me uncomfortable. i thought it was mass if a my too. i thought about it, because i'm a student of history. and when i look at significant change in our country's history. it always comes through some sort of crisis and chaos. the new dereforms would have never come without great
tradition. i think people took the wrong lesson from president obama's election. i think some people thought change comes through the better angels of our nature. but i don't think that's how it works, in an unintentional way, president trump has galvanized so many progressives, they're doing things she you this have done but didn't do when president obama was in office. >> when you talk about galvanizing progressives, you use this term trump lash. >> right. >> what is that? >> the trump lash is what you see when you see so many people that showed up in the midterms. for example, the so-called obama coalition, they evaporated in the midterms in 2010 and 14, they were nowhere to be found. you look at what happened in the last midterm, all these young people that don't vote showed up, all these women that ran for office, record number of muslim americans. latino people being energized, i mean, trump is like a great
friend to the democratic party in an add way to mobilize these people to get involved. i think apathy and cynicism is the big enemy. you have someone that mobilizes people, even if it's anger, the fact that they're involve d is good. >> a lot of folks said, we have had a black president. and then along came donald trump. you explain how the 45th president has performed a public service when it comes to racism? >> yes, well, i think the phrase i use is that before -- under obama and even before president obama, people had plausible deniability. they could say it's no longer a problem we have a black president. you have the tweets, the statements out of charlottesville, we have to face race in this country. we have to deal with issues we would have ignored or denied
before. in a sense, you can't -- president trump has performed a public service. i think also one of the problems with president obama when he was in office. he could not talk bluntly about race. he was a black president who couldn't be too black. and, you know, i think it would have sparked too much of a backlash. now we have all these ugly issues we have to deal with and that's why we have these conservatives saying, i never knew how bad racism was until president trump came into office. >> we have max on all the time, you cite all these examples of how the trump lash has pointed out progressives. i was left thinking, all right, what do we do about it? >> so there are these two possible futures for america, in the end you quote this poem where she
we are the ones we have been waiting for. >> i love that poem. we live in a time where people love marvel comic books and "the avengers." we're always looking for this hero. on the left it's president obama, on the right it's president trump. we're looking for that person to save us. >> but we are the heroes. >> right, in a democracy that's how it works, ordinary people have to do it. it's not up to them. it's up to us. >> we. we are the heroes here. john blake, your piece is phenomenal. please, everyone, read it, go to cnn.com. thank you very much. >> thank you. we are ten minutes away from the closing bell. the dow is down 650 points after china threatened another $75 billion in tariffs. we're waiting to see if president trump retaliates before he leaves for the g7 summit tonight. waiting for that response from the white house. but first we want to honor this week's cnn hero, a high school student by the name of zach weigel, set out to prove that gamers can also be do-gooders and today he's making
video games a part of recovery for children in more than 200 hospitals nationwide. >> sometimes people believe that video games are corrupting the minds of america's youth, but video games are incredible tool for helping kids find a source of fun and relief during stressful and difficult times. >> to people who think that games are just games, they are so much more than that. >> that's all you. >> you don't have to talk about me being sick. we can play the game, because that's way more cool than having to talk about me being sick. >> to see zach's team in action go to cnnheroes.com. ♪ [dog barks] [dog panting]
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i'll pass. during the height of his fame in the '70s, the name halston was synonymous with fashion and style and grand slammer. a new cnn film looks at the iconic designer's meteoric rise to fame and his status as a ground-breaking stylist to stars like jackie kennedy. >> he was dealing with the creme de la creme of women in the world. >> were you the person who put the pill box on jackie kennedy? >> yes, i was. >> that hat was genius. if you look at the inauguration, most of those ladies wore a mink coat. jackie was in a cloth coat, and a cloth hat. >> i never forget the impact that hat had. it was even out in montana, where i was sitting at the time.
>> it was a funny story. it was a rather windy day and she put her hand on the hat and it ended up to have a dent in it, so when doing all the ceremonies it had a dent in the hat, and everybody copied it put a dent in it, which was so funny. >> the film also follows the ultimate loss of his fashion and life sometime empire that mystified industry insiders and the general public alike. lisa zaye was halston's assistant for nearly ten years at the end of his career. she also we know her, we love her at cnn. she works with us at cnn. so good to have you on. >> thank you. >> let's talk about your past life with halston. what was he like behind the scenes? >> he was demanding. he was a perfectionist, and he was very generous. >> what was it in terms of his designs? what was so special about them that made them so glamorous, yet also so approachable? >> the simplicity of it. i mean, they weren't fancy. i mean, you had the beads, of
course, but they weren't fancy. they were very simple. they were timeless. could you wear them forever. i mean, i still have a couple of items that if they fit, i could wear them. >> how special is that? >> it is very special. yes. >> at some point he sold his company to the norton simon corporation and was eventually pushed out completely unable to design under his own name. >> um-hum. >> what kind of toll did that take on him? >> it was very hard. it was very hard. it was his life. he was sad. he was angry. you know, maybe did a couple things that maybe he shouldn't have done, but -- >> business wise? >> yes, maybe choices. >> yes. >> but you know what? he was always positive. he was trying to get back in the saddle, so to speak. he was looking to start another company under his initials that you know, that would have the halston name but would have the
halston style. that's what he was working on before he died. >> that was lisa zay. we love you, lisa, thank you for that. reminder, "halston" airs this sunday night at 9:00 eastern and pacific only here on cnn. i'm brooke baldwin. "the lead" thanks now. >> i hereby order a margarita on this desk at 5:00 p.m. i wanted to see if that can work. "the lead" starts right now. president trump tosses a grenade into the market, sending an order fit for a communist leader. and says that china's president might actually be a safer choice than the head of the fed. breaking this afternoon, news from the supreme court. justice ruth bader ginsburg treated for pancreatic cancer. the latest on the 86-year-old icon's recovery and what it could mean for the court. plus a scam almost as old as the internet itself. still costing many vulnerable elderly women millions. a massive fbi bust and why you
should just delete any message asking you to help smuggle diamonds. this is cnn breaking news. [ bell ringing ] >> welcome to "the lead. i'm erica hill in for jake. breaking news in the money lead. you just heard the closing bell there on wall street, and you can see wall street nose diving. president trump dramatically escalating his fight with china, and his own federal reserve chair. the dow plunging more than 600 points ahead of the president's critical trip to the g7 summit this weekend. cnn's alison kosik is at the new york stock exchange. china slapping tariffs on $75 billion in u.s. products today. is that what spooked wall street to this point? >> you know what, erica, i think that's part of it but i think the bigger part impacting the market was president trump's tweet tirade that he would be responding to china's