tv MSNBC Live MSNBC August 11, 2019 3:00am-4:00am PDT
he'll be found. that's all for this edition of "dateline." i'm craig melvin. thank you for watching. is. good morning. i'm jo ling kent in new york at msnbc world headquarters. i'm kendis gibson. it's 6:00 in the east, 3:00 on the west coast. unraveling the mystery. new details in the death of jeffrey epstein today. more questions than answers remain. state fair flurry. democrats descend on iowa. who is up and who is down, next. heightened alarms. threats across the country this weekend in the wake of the two mass shootings last week. we'll bring you the latest. a new warning. russian investigations in spreading racial tensions across america. we begin with new questions
surrounding the death of jeffrey epstein, the wealthy financier accused of sex trafficking and abuse of dozens of underage girls. "the new york times" is reporting today that epstein was taken off suicide watch on july 29th. that's six days after a suspected attempt. officials have not explained yet why this happened. president trump yesterday using his twitter account to retweet a conspiracy theory to his almost 63 million followers casting doubt on the circumstances in which officials say epstein died. nbc's stephanie gosk has the latest and the reaction of epstein's accusers. stephanie, good morning. >> good morning, kendis and jo. jeffrey epstein was an alleged sex trafficker and abuser of children. he's also -- the richest and influential people in the world. today he is dead. the question is how could that possibly have happened in federal custody? >> jeffrey epstein was found unresponsive in his manhattan
jail cell. he was rushed to the hospital but it was too late according to the federal bureau of prisons. multiple law enforcement sources tell nbc news epstein hanged himself. epstein's death brings an end to his criminal case which for the accusers was going to be a chance for their stories to be heard in court. >> forcefully raped me. knew exactly what he was doing. >> jennifer spoke to nbc news after epstein pleaded not guilty to sex trafficking charges. she wrote, i am angry jeffrey epstein won't have to face his survivors of his abuse in court. we have to live with the scars of his actions for the rest of our lives. both the fbi and inspector general are conducting investigations into epstein's death. in a statement, attorney general william barr writes in part, i was appalled to learn that jeffrey epstein was found dead. mr. epstein's death raises serious questions that must be answered. among them, why wasn't he being batched? thee weeks ago the 66-year-old
was found injured in his cell. according to multiple sources, he had marks on his neck and it was believed to be a possible suicide attempt. so he was put in isolation and on suicide watch. multiple people familiar with the investigation tell nbc news epstein was not on suicide watch at the time of his death. >> had he been taken off suicide watch, the question becomes why. >> cameron lindsey, a retired warden from three federal prisons. >> i would want updates multiple times a day. if my chief psychologist, the coordinator was contemplating taking an inmate off suicide, i would expect that issue to be discussed among the executive staff. >> epstein's death, he says, makes the whole system look bad. >> this is a huge black eye on the u.s. department of justice and more specifically the bureau of prisons and more specifically mcc new york. >> in a rare public statement, a defense attorney for jeffrey
epstein says he's speaking out in his capacity as a private citizen. he says epstein's death is on the hands of journalists, on lawyers and on judges. he says the way they have acted contributed to this. he says it needs a full accounting of what happened. back to you. >> stephanie gosk, thank you so much. in the meantime, mike gutierrez is following the president in berkeley heights, new jersey. mike, good morning to you. mike, not sure you can get in the mind of the president. why would president trump push this conspiracy theory? >> reporter: that's a good question, kendis. you're right. for the last 2 1/2 years, tried to get into the motivation of why the president does and tweets the things more specifically that he does. all we can tell you in the wake of this startling death and the controversy that has erupted the last 24 hours, we have not seen the president but, of course, we
have heard from him on twitter. in particular, the president retweeted some unfounded conspiracy theories about jeffrey epstein and his death that have appeared on the fringes of the internet that seem to implicate the clintons in his death and we should hasten to add there's absolutely no evidence of that. though bill clinton has known jeffrey epstein, that is a matter of public record long ago, as president trump did as well. there's substantial video evidence, of course we have that nbc footage from almost two decades ago, interviews in magazines where president trump has spoken of jeffrey epstein. in fact, the president's attorney general bill barrr called for an investigation, is starting an investigation from the inspector from the department of justice into how this happened yesterday. the fallout has already touched the administration. alex acosta, the department of the secretary of labor has resigned amid questions of the sweetheart plea deal that
epstein was accorded in 2007 and 2008 when acosta was a federal prosecutor in southern that fla. and members of congress are chiming in, including republicans who are outraged and what answers how this happened yesterday and why the suicide watch was taken off. more particularly, they want the investigation to continue into how the young girls were drawn into this web in palm beach, florida at that private island of epstein that he had in the caribbean in new mexico and all of the various mysterious activities on the part of epstein. they want that investigation to continue and all indications is that will happen. kendis, jo. >> mike viqueira in new jersey, thank you. coming up in a few minutes, we'll look at the next potential legal stats from the case of jeffrey epstein and the pursuit of justice by his alleged victims. first, a big weekend for the 2022 contenders. in a few hours, they'll be
making their pitches once again to more vote ners iowa. on the heels of the mass shootings last week, senator elizabeth warren is introducing a new plan to curb gun violence, including background checks, ban on assault weapons and anyone with a hate crime of owning a gun. gun control front and center as 16 democratic candidates join a gun safety forum in iowa. don't apologize at all about the second amendment. it says we can limit who can own a weapon. can limit what kind gun you can own. >> 40,000 americans died last year from gun violence much here's my commitment as president. i will reduce that number by 80%. >> wants to vote against gun safety legislation, let him vote against it. but reconvene the senate but
have that discussion. let's have that vote. see what the american people want. >> if he said hey, mitch mcconnell bring that house bill over here, by getting it through senate, it would happen. our young men and in particular our young black and brown men should not be thought of as disposable. >> kamala harris on a big bus tour of iowa. the senator just landed -- the senator just landed two key endorsements, the first in the nation caucus states. meanwhile andrew yang got emotional listening to the story of a mother whose 4-year-old daughter was killed by a stray bullet and her son witnessed it. >> i have a 6 and 3-year-old boy, imagining -- >> i was imagining it was one of them that got shot.
i'm so sorry. the biggest downside of running for president for me is i don't get to see my family very much. i see pictures of my boys. that scene that she described was very affecting. insider and david marks deputy news editor at the washington examiner. guys, good morning. >> good morning. >> good morning. >>let start with that emotional response from andrew yang. he's qualified for the debate. what do you think that does to the greater conversation that democrats are having about gun control right now? >> i think it shows where the country is at the moment. a lot of people are feeling emotional on the subject after two back-to-back mass shootings last weekend. you know, we've seen really interesting polling this week that showed republican voters would now be open to a ban on
assault weapons. in the past, there was only bipartisan support on policies such as universal background checks. there's a massive shift, i think, among the public and i think that's why democrats, 20 to democrats are unified on the issue of gun violence. generally, they're on the same page with background checks and red flag laws and for assault weapons ban. >> in the meantime, another democrat who qualified was senator amy klobuchar. let's see how she's trying to convince people in her home state. >> the first thing i did, trying to figure out how to talk to people about this. i thought of my uncle dick who always loves to hunt and i always would say, does this hurt my uncle dick in the deer stand? does this proposal make it harder for hunters?
for all of these things we're talking about, of course, the answer is no. because good hunters don't need those kinds of double magazines. >> do you get a sense this is going to be a long lasting issue going into november 2020 beyond the -- >> it's not clear that it actually will go into the general election. clearly, this plays well with democratic primary voters and going into the iowa caucuses in february 2020. but once you get to the general election, it's a much wider electorate. people have more diverse views on this. i think we have to see what, if anything, actually emerges from congress. that is no sure thing by any measure at this point. >> we also know that some 2020 democrats are putting pressure on mcconnell to vote on the gun control legislations passed by the house. that includes a background
checks. how the president has gone back and for the past five, six years. what do you think is going to happen? >> it's one of the biggest questions right now. will mcconnell follow through here? he signaled he'd be open to take up the legislation. he's under immense pressure right now. i think there are concerns among his critics and democrats that he's essentially hoping that the new cycle in the narrative shifts by the time the recess is up so there's not as much pressure to act on gun violence. we've seen before trump or mcconnell signal they might be open to expanding background checks and then nothing happens much meanwhile, we've seen reports that behind the scenes, the nra has been pressuring trump against expanding background checks. a lot of things could happen over the course of the month behind the scenes and nothing is guaranteed. >> want to switch topics a little bit. talk about the i.c.e. raids for a moment.
do you have the acting direction tofr u.s. immigration and customs enforcement telling the "washington post" this morning that it was a textbook operation. but i'm curious about this, david. what do you feel that there's a long-term political fallout that could come from all of this and seeing the images of the families yet again separated? >> it is true. this was in a sense a textbook operation because there was not advanced warning the way we had a couple weekends back when it was promoted on a thursday or friday that i.c.e. was going to come to raid all major big cities, los angeles, chicago, new york, et cetera. this time it went to a more rural place, mississippi, which you don't necessarily associate with large immigrant populations although it very much exists there. this is send me a signal whether you agree with it or not that i.c.e., by command of the trump administration is following
through on what they said. it's not just a game this time around. >> john, i want to ask you a little bit as well. you wrote about this picture of the president giving a thumbs up next to a toddler whose parents were killed protecting him during shooting in el paso. the first lady is holding the baby. tell us about the back story of the reporting. should the white house be thinking strategically about how the president is visiting the communities after a tragedy? >> to be fair to trump, the photo was taken with the aunt and uncle of the baby. they claimed the baby's father killed in the mass shooting was a trump supporter. in an interview with the "washington post," the uncle was comforted by trump's visit. trump received a lot of criticism online and from some in the media and i think it generally comes down to the president has really struggled after tragedies to offer an appropriate response and appear
empathetic. some of his more immediate predecessors, arguably, did a much better job in this arena. president george w. bush going to ground zero and supporting the emergency workers there, when you look at obama singing amazing grace after the charleston shooting. these are moments that stay in people's minds. i think they comforted the nation. so perhaps trump succeeded in comforting this individual family. but i think that there's been a lot of criticism across the nation, he hasn't made the nation feel comforted after the mass shootings. >> certainly a lot to think about there. john and david, thank you for joining us this early in the morning. appreciate it. >> thank you. coming up, racial divide. how russia is trying to peer into the election and also the social fabric. nbc news investigation. liberty mutual customizesnvestin your car insurance,
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more now on the death of jeffrey epstein and what this might mean for the investigation into his alleged crimes. >> for others who may have played a role. nbc's kathy parks tells us what's next. jeffrey epstein's past caught up with him last month when charged with child sex trafficking, federal charges which he denied. the alleged crimes took place from 2002 to 2005 against dozens of underage girls from manhattan and palm beach area, homes.
it reopened an investigation surrounding a 2008 plea deal where epstein avoided federal sex trafficking charges and a possible life sentence. instead, epstein served 13 months and rental sterd as a sex owe fenner in state court. the deal was cut by alex acosta then miami u.s. attorney. >> we believe that we proceeded appropriately. >> he ultimately resigned from the trump administration. while his death marks the end of the criminal case against him, the u.s. attorney says the investigation remains ongoing. legal experts citing long time epstein associates like maxwell who has -- charged with document just made public. epste epstein's alleged victims can continue with civil lawsuits against his estate. >> i am calling on behalf of his victims for the administrator of his estate to freeze all of his
assets and not disburse them. >> civil cases perhaps a meager consolation for the many women who hope to see epstein have his day in court. kathy parks, nbc news. okay. let's bring in katie phang knew. >> is there a realistic path to get assets frozen and get some sort of justice i guess? >> we were talking about that before we started the segment. we know that jeffrey epstein was a billionaire by some accounts. but kendis, it's not that easy. when you are suing the estate of somebody who has passed away, it depends on how well that person had asset protected his estate. if i look at someone like jeffrey epstein, although i haven't looked at his financials, i'm going to assume that everything is in trust and everything in llcs, limited
liability companies. i'm telling you, i think it's going to be harder than suing the estate. it could make it easier to pay out. but nothing has been easy for the poor victims of epstein. i think it will be an uphill battle to get anything out of the estate of jeffrey epstein. >> what about the former assistants and associates of epstein? should they be concerned? have they been cooperating? >> they should be concerned. i don't know if they've been cooperating. if you look at yesterday, there was a lot of speculation that now that he's dead, you cannot continue to prosecute somebody who has passed away. however, you saw in the statement there was an emphasis on the conspiracy count. that was brought against jeffrey epstein. so if you are a known acquaintance, associate or potential co-conspirator, i would be nervous and i would not think you should be sighing relief because he passed away. >> a big list of politicians is
growing demanding investigations into epstein's death. representatives in congress on both sides of the aisle. aoc among them, a senator was one of those calling for an investigation. what can they to at this point and why? >> so the federal bureau of prisons was the entity that was running the jail where jeffrey epstein died by way of suicide. we know that the fbi is not only investigating it, but bill bar, the attorney general called for an investigation through the inspector general's office. remember, there's the independent investigation being done bit office of professional responsibility by the sweetheart deal he got no 2007, 2008. we have three investigations, two that deal with the fact that he died while in federal custody, one that deals with the underlying deal that happened back about 12 years ago. we have at least three investigations going on. they should be conducted bought kendis and jo, think about the
timeline, july 23rd. epstein put on suicide watch. july 29th. he's removed. six days happens, right? there's a six-day swing of time. you want to know what happened on july 29th. why was he taken off suicide watch if there was a known attempt by him or somebody made an attempt on his life, right? we don't know the details of that thing that happened at the end of july when he was found unresponsive in his jail cell. fundamentally, guys shouldn't that huge rush to do the investigation shouldn't that happen 12 years ago when he should have been held to justice when there's a lot of would haves and could haves and should haves. >> president trump is weighing in. used his 63 million followers on twitter to retweet and spread conspiracy theories on social media about who was supposedly causing epstein's death. do you think that these theories are getting -- we know that
they're getting a ton of traffic. they're trending on twitter. what should be done about this, katie, when you think about it from a legal perspective? >> it's the first amendment that allows people to tweet that stuff. it's irresponsible. then again, that's not an adjective we rarely use to describe president trump. it's an irresponsible concept to tweet out a conspiracy theory that it was the clintons that were responsible for his death while in federal custody. that's what trump did yesterday when retweeted that somebody surd at th absurdity. exactly what was occurring prior to that happening and really there's a lot of insights that perhaps his lawyers can give and people that had contact with him that can give in terms of how he died. >> do you think the secrets died
with him? >> no, kendis. remember, there's a -- found in his town home with a lot -- we don't know what were in the photos other than the fact that there were young girls, teenagers, that were in the photos and we don't know who else was in those toes. i do not think all of his secrets died with him. there were co-conspirators that knew what was going on. they facilitated, worked with him to be able to traffic these young girls. so they know what the truth is. >> katie, one last question for you. how much damage has president trump done to these investigations preemptively by the false conspiracy theories? >> his attorney general put out that he was appalled that jeffrey epstein died while in federal custody and that he's the one that ordered the investigation for the doj. it doesn't really stand to
reason that president trump is helping things by telling the world, especially in his capacity as the president of the united states that there was conspiracies. >> katie, thank you for getting up early with us. >> always. new threats of violence across america. up next, the arrest and the target of hate. own little world. especially these days. (dad) i think it's here. (mom vo) especially at this age. (big sister) where are we going? (mom vo) it's a big, beautiful world out there. (little sister) woah... (big sister) wow. see that? (mom vo) sometimes you just need a little help seeing it. (avo) the three-row subaru ascent. love. it's what makes a subaru, a subaru.
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outlined plans for a terror plot in las vegas. that case is one of a number throughout the country that have come to light after last week's mass shootings. nbc blayne alexander takes a look. 23-year-old connor climb was looking for places to strike. his plan to commit places to attack at a bar serving lgbtq customers. authorities were tipped off by his online communications with a white supremacist group. when he was arrested thursday, they found bomb making materials and two rifles. he's in federal custody and could face up to ten years in prison. in winter park, florida,
another apparent plot thwarted. richard clayton arrested after a facebook post echoing the terror of el paso, texas. three more days of probation, then i get my ar-15 back. don't go to walmart next week. around the country, all of it is lead to go more fear and mounting frustration. in el paso, a passionate call for change. a week after 22 people were killed, now families remembering those they lost. jordan on chon dough died protecting her baby. derrick fudge, his life ended in ohio with eight others. the 57-year-old died in his son's arms. >> that was blayne alexander reporting. let's take a look at the other headlines this morning. in a new affidavit about the immigration raids in mississippi, it indicates that
at least two of the seven employers broke the law. nearly 2/3 of the 680 people detained in the immigration raids remain in federal detention. in tennessee, police are intensifying their search for an escaped inmate who allegedly killed an employee days ago. the escapee is still in the area they believe. they've increased the reward money for his capture. a boy is recovering after a wind beach umbrella impaled him. he was rushed to the hospital. >> there was a large gash in his shoulder. by the time i got there, there was three or four people there. >> that incident in the boston area. various videos from past incidents show how dangerous flying beachum brel as can be. 2800 people were injured by umbrellas between 2010 and 2018. >> i don't know. you got to stake it at least 12
inches into the sand. i learned that yesterday. be safe out there on the beach, right. now to 2020 and a new charge made by a growing number of democrats as candidates address concerns about white supremacy and president trump's rhetoric. >> st. the president a white supremacist? >> he is. he's made that clear. >> he's a man who cozies up to the white sfreem cysts. he calls them fine fellas. >> do you agree? >> i think he is. it's very clear by his actions and at best, he's empowering while nationalists. >> it's very clear the president's actions and words have conveyed a very strong sense to many, many americans that he has white supremacist beliefs and that's the only standard we can go by. >> joining us now is radio talk show host rashad richie and a national syndicated columnist.
>> axios counting six candidates counting him a white supremacist but others like biden not going there. why is it shifting for some and not others. rashad, what do you think? >> it's a distinction without a difference. here's the truth. who really cares if president trump is a white supremacist personally or not? what we care about is his pol y policy. is he a white supremacist in policy? is he a white nationalist in policy? it's important to note that it was actually first the federal government who said trump was a racist back in 1973 when the u.s. department of justice sued the trump management corporation when they discriminated against black people when -- he has been making headlines ever since. based on policy, does he provide protection for white
nationalistic ideas? yes. is he bigoted against those of muslim faith? we have seen that in executive orders. the bottom line is, we're seeing a president who not only winks but is cozy to the ideology and the policies of white nation nationali nationalism. >> do you feel the democrats are going too far with this? look at this axios report that says the claim by democratic opponents is not only emboldening his base but alien iting mainstream republicans who think democrats have gone too far. what do you make that of? >> that's absolutely correct. first of all, it's baseless that the president is a racist. he's done more to empower the black community and minorities than any past administration. look at the billions of dollars they're pumping into the inner city with opportunity and the economy he's grown that has reduced unemployment for black americans and people of color to
the lowest levels in 50 years. and you look at the fact that he just got asap rocky out of prison. >> wait, what? >> home safely. >> wow. >> my point is -- >> he didn't get asap rocky out of prison. >> he lobbied -- >> the swedish system got him out of prison temporarily. >> the president called the prime minister of sweden to personally to lobby for his release. he was absolutely behind it. >> al shorp tarp ton out of pri >> who has more pull. the president or al sharpton? i would say the president. it's going too far calling the president a white supremacist and his supporters. that is reprehensible. the democrats are making a grave mistake thinking that they can insult their way into the white
house. it didn't work with hillary clinton calling have the country deplorable and it's not going to work in 2020. >> rashad, i see you shaking your head. we do know that the president stoked racial tension with his thoughts about baltimore and charlottesville. as you shake your head, what's going through your mind? what do you want to say? >> this is what's going through my mind. i can't believe she's saying this with a straight face. you have david duke who openly endorse and support donald trump much there's a reason for that. yes, donald trump has a significant number of white nationalist followers and supporters. that is the bottom line. to suggest that somehow his lobbying for asap rocky was hyperbolic and for political reasons his lobbying is an indication that he is not giving any room to white nationalism in
his administration is ridiculous. since charlottesville which is a did he facto ku klux klan rally, you've had 73 murders perpetrated by white supremacists. how many times has president trump called this out. zero. not one time has he provided clear, concise and moral leadership when it comes to this growing domestic terrorism in the united states and he, yes, he is radicalizing a lot of the domesticter roars that you see. that's why folks don't want him in el paso and other places. >> do you feel the president has not sufficiently enough distanced himself from the white supremacist, the racist, the david dukes of the world, all of the folks who are big supporters of this president and a lot of his message? >> if the president -- the president time and time again has denounced bigotry in any form. that's never good enough for
democrats because they hate the man. they know -- >> why not come out and say -- david duke, i do not want your support. i do not believe in your causes. >> that would appeal to the middle, too. >> exactly. >> white supremacists, i don't want your support. >> well, he should absolutely say that. but the point is, he has denounced bigotry seven ways to sunday. but it's never good enough. you know, i just have to push back a little bit on what rashad said. the president is empowering black americans with jobs. look at the economy. this is helping, taking millions of americans, minorities out of poverty. if you were a racist, wouldn't you oppressing people instead of uplifting them like this current administration? he's pumping billions of dollars into opportunity zones to help the inner cities. he's also releasing black americans from prison with his first step act.
if you're a racist, wouldn't you keep minorities in jail instead of lobbying for the release and then helping them provide jobs for them to re-enter society successfully? the facts just don't add up to the talk. president trump, based on his actions, not on words and sound bites. >> rashad? >> first of all, the numbers you're utilizing are incorrect. let's talk about black unemployment. president trump uses a u-3 rating system when talking about the numbers. the real numbers are from a u-6 rating system. the u-3 rating system says if you work one hour for one month within that survey month, you are considered fully employed. the u-6 rating contextualizing and differentiates. unemployment was asking if -- in addition to that, since the president has been president, black people are losing based on the dollar of white folk $.02
to $.10 per dollar based on the new report on how much economical power they have. the difference is growing because administration has failed to address direct discrimination of causes in the workplace. beyond that, let's go to release of black people from jail. he definitely has winked at yes, let's get some of the black people out who should be out. he's not reflecting that in policy. you have an attorney general and others who are looking at not only creating more pathways to prison. they are anti-prison or criminal justice reform as a policy. having five or ten black folks released, that's a microcosm and does not speak to the macro kochl. >> spirited debate as always.
thamg you. >> a lot of republicans are fighting for them not to have the right to vote. kind of -- they don't have a lot of freedoms once they get out. >> certainly, contentious debate here with rashad and adrianna. >> thank you so much guys. how the russians are trying to stirrup trouble and divide america using viral videos. that's up next. including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. flonase. [ referee whistle sounds ] ♪ sport dr[ cheering ]s when you need the fuel to be your nephew's number one fan. holiday inn express. we're there. so you can be too. if you have moderate to thsevere rheumatoid arthritis, month after month, the clock is ticking on irreversible joint damage. ongoing pain and stiffness are signs of joint erosion.
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new report shows russian efforts to spark racial tensions in america. >> richard engel says the russians are spreading some of the most shocking rye val videos just to stir up more trouble. >> the videos go viral fast. at least 18 million views for this one showing a white woman calling the police in brooklyn claiming a 9-year-old african american boy groped her. >> sexually assaulted my child. >> cctv footage shows the boy innocently brushed past the woman, dubbed corner store caroline. she later apologized. more than 16 million views for this video from texas showing a woman upset a taco truck was outside her house. turns out these videos and dozens of others all inflaming racial tensions in america did not go viral by accident. they were pushed and promoted by russian operatives according to
new research by cyber experts at clemson university. >> some of these stories would have never gone viral without the influence of russian disinformation. their ultimate goal is to divide this country. >> it was a russian account, researchers found, that came up with the nickname tacky truck tammy for the texas woman and more than just stirring the pot. in a practice known as doxing. they circulated the names, phone numbers and addresses and menacingly told users, you know what to do. >> the real goal is to get the conflict off twitter, to get it into the street. >> they want to get people killed. >> they want to get people out in the streets, angry and fighting. >> twitter suspended the accounts flagged by the clemson researchers. experts say russia is stepping up the activity in the run-up to the 2020 election. >> richard engel on that. thank you so much. we'll watch that. we've done so much reporting on
what's happening on the lead up into 2020. this is just one step. >> we know they're meddling with the elections and possibly voting booths, et cetera, et cetera. but they're also kind of selling this civil war within our country as well. >> the real question. beyond that, what are the tech companies in the u.s. doing? youtube, twitter, facebook, all of these platforms, instagram. they are also partially responsible for allowing this to happen. we're going to continue investigating that and watching that. >> all right. the threat of new tariffs against china throwing the u.s. market into a tailspin. why we're at the most dangerous financial moment since the financial crisis a decade ago. donald trump failed as a businessman.
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there are plenty of new concerns this week about whether the u.s. could be heading for a recession come next year. after escalations in the trade war with china rattled markets this week. >> "the wall street journal" found economists are predicting a slowdown even as they look to the federal reserve to cut rates next month. joining us now, cnbc sibile marcellus. good morning.
>> good morning. >> the president announced more tariffs are coming december 1. is this a done deal? what does it mean? >> president trump signaled additional tariffs, $300 billion on chinese goods, is going to hit husband hard. when it comes to consumer consumption, that's 75% of gdp. that's a huge economic engine. if people show up at walmart or target and see the sneakers are twice as much or dress and they can't afford it, it will have an impact on the economy and gdp. when you look at gdp, we've actually seen a slowdown in growth. in the second quarter gdp growth was 2.1% but that's down from 3.1% in the first quarter. so the u.s. economy, we're seeing signs it's already slowing down and september 1, it thereby very threatening for the
economy. >> and larry summers is echoing some of the sentiments. in a tweet he says he may well be be at the most dangerous financial moment since 2009 financial crisis between the u.s. and china. do you think he's right? >> yes, he's absolutely right. we're at a point is president trump serious? is he actually going to go through on september 1 and put additional tariffs on virtually all chinese imports? let's remember when it comes to the tariffs, president trump said let's bring in tens of billions into u.s. coffers. it's great. our shelgsship with china is improving and we're benefiting from this trade war, yes. so when you look at the numbers and the amount of money that's coming in over the past 12 months, it's only $60 billion. but you've got to remember, u.s. companies are paying a tax when it comes to these tariffs. they're the ones that have to pay when they take in those
exports from china. >> quickly, i just want to know we're going into 2020 here, we should not expect a trade agreement before that, right? >> absolutely. don't expect a trade deal before 2020 because there are too many issues still on the table. you've got china this week, we had the worst day for the stock market in 2019 because china weaponized its currency. they can just flip that like a light switch. it can happen any other time, so yes, there's no end in sight when it coxs toot trade escalation. >> sibile marcellus, are you sure you don't want to get into the bond yields? >> next time. or we will be here all day. we're covering the fallout from the death of jeffrey epstein and unanswered questions. every day, visionaries are creating the future.
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i'm jo ling kent. it's 7:00 in the east and 4:00 out west. here's what's happening right now, more questions than answers remain in the death of jeffrey epstein. i.c.e. raid fallout, information about what might happen to the companies targeted by the immigration raids and whether separated families are back together. >> the battle for iowa continues. democrats descending on the hawkeye state and turning into a roller coaster ride for many of the candidates. we have the new ups and downs ahead. the battle over guns.