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tv   Alex Witt Reports  MSNBC  May 26, 2024 11:00am-12:00pm PDT

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a very good day to all of you from msnbc world headquarters in new york. welcome, everyone to alex witt reports. a record number of americans are traveling this memorial day weekend. but they're competing with some extreme weather in parts of the country. violent storms and tornadoes turning deadly in texas, where at least seven people have died, and up to 80 people were
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believed trapped in a collapsed gas station. oklahoma residents in addition to multiple twisters being reported, also dealing with mass hail. two inches in diameter. and it is not over yet. 48million are at risk for damaging tornadoes and severe weather today and into tomorrow. >> it was loud, i've never heard glass break in my life and it was so scary. i'm just glad my mom got me out. >> our reporters in the middle of the country and on the east coast with more on weather and travel this holiday weekend, and one of the hardest hit areas. valley view texas, just north of dallas. joining me now, priscilla thompson. you showed me some pretty heartbreaking images in the last hour. what are residents telling you? >> reporter: yeah, residents here are coming back it in shock. particularly those who sheltered in their homes last night as all of this was
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happening. i want to just give you a sense of the kind of damage we're seeing here. you can see one home, there is nothing left here, furniture, dresserses dressers tossled everywhere. that gives you a sense of the strength of these tornadoes and these storms that we saw overnight here. but meanwhile, you have another home right here, again, completely moved off of its foundation. you see here the roof caved in. that was a two story home. the second story completely gone as seven people, two parents and five kids ages 3 to 18 years old sheltered inside of the closet there, as all of this was going on. and they're on the phone with the insurance company as we speak trying to figure out what is going to happen next for them. but meanwhile, next door is the grandmother of those kids who
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also sheltered in her home. her home also now destroyed. i want to play how she described what she experienced last night. take a listen to what yolanda had to say. >> we have the alert on the phone. storm alert. but we didn't pay no attention, because it happens more times. so i look out the window and i saw a lot of wind and rain, and i can feel like the wind pulling up, and stopped, and started again. so you can hear all the stuff. >> reporter: and just to give you an even broader sense, you go a couple of miles up the road, and there's a gas station where officials say up to 80 people were sheltering, trying to stay safe when that gas station caved in on them. thankfully, no one was killed there. no one was killed, but in fact, there have been nine people now who have died from these
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tornadoes that hit overnight. the majority in texas and arkansas. we're talking about very hard hit communities that are trying to figure out what they can salvage, what they can save here. many of these people telling me they've lived here 10 years, 12 years, and have never seen anything like this come through. but of course, everyone that was able to speak to today, just so grateful to have made it out alive, especially when you see this type of destruction, alex. >> just want to let everyone know, if we can put that back up, we're looking at storms that are moving across the country still. texas seems to be in the clear at the moment. certainly a cleanup there now, the tragedy, nine people now in the last hour, before you said seven. kentucky, parts of ohio, they are getting some pretty bad storms. even chicago has been hit asle with. thank you very much for the report, and we're so sorry for the heartbreak on those who are living in that home behind you.
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thank you. >> in just a few minutes, we're going to have a live report from maya england, on the east coast. we're giving you a live look at jones beach, that's where the weather conditions are looking a little less favorable at this hour. quite a discernible haze there. meantime now to political headlines. the biden/harris campaign ramping up attacks on donald trump. here's my colleagues at the weekend. >> i've gotten red in the face just talking about all of the accomplishments. this president has done more legislatively than any president since lyndon johnson, and he did it with a less than five majority seat in the house. all we have seen from it donald trump is a campaign based on retribution and pay back. >> the libertarian party did not roll out the red carpet for
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trump last night in d.c. he was greeted by a barrage of boos by people he hopes to get to vote for him. and tuesday, it's going to be back to the courtroom for trump. we've got reporters in place covering all the new developments for you. we're going to start with 2024 embed campaign, emma barnett. did he seem to sway anybody? >> reporter: alex, the answer to that is not really. just now behind me, for example, there was someone who was talking about all the media coverage that the speech got last night. the way he summarized it by saying trump's guts and the room erupted in applause. they said they had no intention
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whatsoever of voting for trump and they were just there to listen. trump did try to woo over these voters. he said he would take a libertarian and put a libertarian in his cabinet. he also said he would commute the sentence of ross albritch. he also told libertarians they can stick with getting approximately 3% of the vote or they can combine forces and help elect trump. take a listen to what some voters said. it didn't sit all that well with them. >> personally, i'm not very aligned with trump. i would actually be more aligned with kennedy than i am with trump. and i think that trump's tone was a little threatening to us, saying that we have to vote for him. we have to nominate him. >> we're not hopeful. he didn't do a great first presidency, he kind of got rolled by his own cabinet.
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and i think that he could do a lot better, and we'll see depending on his vp pick that will signal whether he's serious or not about libertarian grievances. >> reporter: now a common thing that i did hear from these libertarian voters both before trump's speech and after trump's speech, if he were to pick someone like vivek ramaswamy to be his vice president, they would consider voting for trump. alex. >> thank you very much. we're going to go from there, to alley allie. >> reporter: we heard from biden cochair mitch landrieu, he talked about really where the biden team's mindset is right now with just one month to go until the first of two general election presidential debates between former president trump and president biden. he also talked about how the biden team strategy is going to
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shift between now and then. he talked about how right now, essentially, their main focus is reminders through all sorts of messages. reminding voters of promises former president trump made and didn't keep. reminding them of his legal woes he's been dominating of airwaves. reminding them of freedoms at stake. and also reminding them of disparaging comments that former president trump has made. bringing up the fact that tomorrow is memorial day, talking about how important it is to honor the men and women who have made the ultimate sacrifice for this country. after referencing that, he referenced specific comments former president trump made during his presidency, referring to fallen soldiers as quote suckers and losers. listen here. >> that just makes my blood boil that we have somebody who wants to be president of the united states that called all of those people losers and
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suckers, because they were fighting to protect our freedom. freedom, democracy. the fact that we all come to the table of free and fair elections. the idea that we all abide by the rule of law. donald trump who is now unhinged and dangerous, just to tell the people the truth about who he is. >> reporter: he said that the president is quote excited for that first debate on june 27th, and that his goal during that debate is to highlight his accomplishments that he's been able to do during his first term and talk about what more he could do if reelected to a second, and contrast that with what former president trump did during his first term and what he's vowed to do if reelected. landrieu was also asked about reporting about the biden team's plans to finally address his legal challenges regardless of what the verdict is in that hush money case. the biden team is finally planning to address those legal challenges against former
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president trump, alex. >> we'll see what comes from all of that ally rafa. thank you. what to expect at closing arguments in the donald trump hush money trial. plus the 12 images presented by prosecutors that could stick with the jury. we're back in 90 seconds. find a t-e-d eye specialist at isitted.com. bladder leak underwear has one job. i just want to feel protected! especially for those sudden gush moments. always discreet protects like no other. with a rapid dry core that locks in your heaviest gush quickly for up to zero leaks. always discreet- the protection we deserve! everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients.
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now to the critical week ahead in trump's hush money
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trial. 12 citizens may vote on whether he becomes the first president to be acquitted or convicted on criminal charges. his lawyers will address the jury first. then the prosecution will present closing arguments. by wednesday, the judge will charge the jury and deliberations will continue on thursday and friday if needed. joining me now, dave erinberg, and patricia hurtado. thank you guys, both, for joining me on the holiday weekend. it is a significant historic moment, dave. what are your expectations for tuesday's big closings? >> good to be back with you, alex and patricia. they're going to pretend this trial is about michael cohen and not trump. they're going to say, we showed you he's a liar, and thus you can't believe anything he said.
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you've got to reject the entire case. the prosecution, though, is going to say, you might not like michael cohen, but he's got so much corroboration here, this case is not about michael cohen. we've got documents. we've got trump's own words through his tweets. suing stormy daniels back in 2019, that showed these payments were reimbursements. when todd blanch stood up in opening statements, and said these were not reimbursements, these were legal fees. they're going to show, you don't have to believe all the witnesses. you just have to listen to donald trump's own words that these were in fact reimbursments. game over, drop the mic. >> there you have it, i guess we're done. patricia, you were writing about images that could stick with the jury. what are you hearing from the
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defense side? what will they want the jury to remember? >> the defense obviously wants to say this is all made up. this is michael cohen's idea. michael cohen acted alone. michael cohen was the rogue agent. and basically, engineered this whole process, and donald trump had no idea. but with the prosecutors, i'm sure i'm going to do is point out all the pieces of evidence that we were trying to highlight in our story, showing to totally corroborate testimony from different witnesses, including david pecker, who is a friend and remains a friend of donald trump. we have a photograph of an invitation. he was invited to the white house after trump won the election. he's invited to the white house to be thanked by donald trump. there's a picture of them walking together in the rose garden on their way to dinner
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together. and donald trump allegedly asked him what about how is their friend karen doing? which is karen mcdougal, the former playboy model. >> trump traded bluster for silence, for the most part during this trial. after lawyers warned the jury would be observing his every move. what do you think the jury will take away from trump's behavior? >> they've seen, i joked it's almost as if the way my baby acted as a toddler. if you close your eyes and scrunch your face, maybe the evidence will go can away. but you know, trump has behaved a way a regular person behaves. and maybe the jury is going to take away from that, maybe he's not just the former president of the united states, and potential future president of the united states, but this is a human being on trial, who we've seen has maybe feet of
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clay. i think the jury has seen him now, we've all gotten used to the fact of seeing donald trump on trial, which is extraordinary when it happened the first time a year ago, when we saw him. so i know, maybe they're going to take away that he's a human who's fallible. >> interesting. we also can't forget the fact that he was cursing audibly during stormy daniels testimony. that was another takeaway. dave, what about his behavior outside of the court, including his attacks on the judge. what that influence the jury? >> it should not. the court tells the jury not to pay attention. it's hard to avoid the perception that the former president is trying to influence the jury, when he has his cohorts in the courtroom. the matt gaetz' of the world, the marjorie taylor greenes. they even dressed like donald trump. i don't see how this helps
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unless they got a secret maga juror on that jury. the prosecutors are really good at vetting those folks. i think that the obvious attempts to politicize this trial from trump's legal team is only going to undermine his attempt to get away with this case. in the end, all it takes is one juror to have a hung jury. i think the prosecution has proven its case. if they didn't, i think the robert costello testimony at the very end is going to stick in the minds of jurors. it was a disaster. it blew up in the defense's face. he insulted the judge, and the jury, surely noticed that. >> the post explores the biggest misses of the trial. what do you think is the biggest misstep overall. did it come from defense, prosecution, the judge, or trump himself? >> it came from the defense in calling, as it's only substantive witness, robert costello. according to the reports, the defense did not want to call
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him. they knew it could really backfire, but trump wanted it, because right wing media was believing that robert costello was the key to undermining michael cohen. but robert costello insulted the judge and the jury saw this interaction. the jury bonded with judge mershan. this is your only substantive witness? and then also the messages that were fed back to robert costello on the stand, where it looked like he was a mafia lawyer. it's so much harder for trump to say i knew nothing about this, when it looks like he was sent to get information out of him and to keep him secret. the whole thing was a disaster. i think that's what's in the memories of the jurors throughout this memorial day weekend. >> yeah, it will be the last thing they really heard for the most part, before a seven day
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break. you're right. what's your prediction for a verdict? do you see conviction, exoneration, hung jury? do you lean one way? i'm not saying what you say will come true, but what's your gut telling you? >> well, i guess it's hard to predict how a jury will view something. and in the deliberations. but one thing that occurred to me, when i originally heard about this case, i was like oh, my god, i covered michael cohen in 2018, is this really what we're doing here? i thought, i wasn't so sure it was such a great case, but then you actually see the paperwork, and if that jury is paying attention and looking at the evidence presented to them, there is a case of a paper trail corroborating everything michael cohen said. now if you call michael cohen a liar, you still have all of these other witnesses, including very pro-trump people, like hope hicks when
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she betrayed her former boss saying he was more interested in the campaign and winning. you have these witnesses that are pro-trump people like david pecker and hope hicks and the testimony corroborates it. it does seem, after all my skepticism, that it is a pretty decent case to be made. now whether or not the jury views it that way is another matter. they may also think this is the former president of the united states and they're going to give him a very deliberate deliberation. so it's going to be maybe days. >> yeah. that's been suggested as well. last to you, david. does trump end the week a convicted felon, or with exoneration bragging rights going into the summer campaign season? >> i'm a prosecutor, alex. i'm a little bias, but i think he's going to be convicted of at least some of the counts. maybe the jurors decide to compromise and get him on some of the counts, but the
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prosecution did a masterful job of putting on a compelling case. you have to believe what donald trump's lawyers say, that trump knew nothing about this, that michael cohen took out a second loan on his house to pay stormy daniels $130,000, and did it out of the goodness of his heart. what we know about michael cohen is that's not in his character. i don't know many lawyers that would do that period. the defense has a prepostorrous argument, and i don't think the jury is going to buy it. >> thank you for your time right now with me. so roam if you want to, and if you're headed to the beach this weekend, you won't be alone. people are still out, with temperatures in the 60s. from there to the south, in myrtle beach, south carolina, it's in the 80s there. it's looking pretty good. in hollywood beach, florida, there's that as well. umbrellas, sun. it's going to be 92 degrees there. we're going to talk about all of the weather coming your way next.
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if you're traveling this memorial day weekend, you're going to have plenty of company. the tsa says it screened nearly 3 passengers on friday alone. aaa expects at least 50 million people will travel at least 50 miles from home. the park looks not too packed behind you, but what have you been seeing today? >> reporter: yeah, hey alex. it is a beautiful park here. we started the morning at jones beach state park. it was so crowded. such a beautiful beach day, but unfortunately, we had no service, so we had to come down to this park. an estimated 44 million americans expected to be traveling 50 miles or more, according to aaa. a lot of them here came to the bethpage air show. we saw lots of jets doing some incredible tricks.
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unfortunately, we just learned the rest of the air show has been canceled because of the weather. it's been hazy. some cloud cover. it's just not safe to be flying in those types of aircraft. daniel barringer is a navy pilot. listen to what he had to say about memorial day. >> it's important to take a moment and enjoy the freedoms this incredible country offers to us. there are people that don't have the ability to go to the beach on a saturday or sunday, just enjoying being outside, enjoying freedom. being able to do what we do every day as americans. and we're able to do that because of the sacrifices of so many people that have come before them. >> reporter: so, so many folks out here still getting to enjoy memorial day weekend. we've got some barbeque, a volleyball game happening over
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here. but unfortunately, the rest of the show did get canceled due to weather. >> that was a very thoughtful response by that navy man, i believe it was that you interviewed. when we look at the fog along the water, there's no way the blue angels can flight in that. there are reports, i've seen in this documentary, that they fly a foot apart. are you kidding me? the precision. donald trump's false comments about fbi agents, why they're so dangerous, next. what? horsepower keeps you going, but torque gets you going. what happened to my inner child craving love and acceptance? how about you love and accept this? p-p-p-p-powershot! when can i drive? you already are! the dodge hornet r/t... the totally torqued-out crossover. i'm adding downy unstopables to my wash. now i'll be smelling fresh all day long.
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former president trump not letting up on his attacks against the fbi and justice department, even as federal prosecutors ask a judge to block trump from making statements that can endanger law enforcement agents. this after he wrongfully claimed the agency was ready to shoot him during the mar-a-lago raid. >> and now we are going to finish the job. we will root out the sickness that has taken over our justice department, our fbi and other agencies. our goal will be nothing less than the rebirth of fair, equal, and impartial justice under the constitutional rule of law. >> with me now is peter strzok.
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he is the author of compromised, counterintelligence and the threat of donald trump. that last part that trump just said, they're going to root out and establish fair justice, do you believe that? if he wins? >> i believe he is going to engage in activities to read out career professional government employees. i do not believe for a second that it's going to be fair and partial. donald trump has made it clear to he has an intention to be a dictator on the very first day. that includes putting partisan loyalists in the fbi, the director of the fbi, and to do two things, alex. one is to make sure that anything potentially illegal that has been done by trump or people around him, ongoing investigations are brought to an end, and stopped. and the other is to use the tools of the fbi and doj to
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investigate his opponents. whether that is former president biden, whether that's people like jack smith and others, i have every expectation again from the former president's own words that he will seek to weaponize both the department of justice and the fbi. >> okay, but peter, you're saying it because he's saying it. how feasible is the prospect of him actually doing it, though? is it easy to root out career professionals and replace with people who aren't career professionals in the doj? >> well, look, i think you raise a very good point. overwhelmingly, the fbi and investigators take an oath to the constitution that they believe in 100%. but it's also important to remember the president -- he or she serves at the pleasure of the president. future president trump could come in, name that fbi director
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and again, once you do that,ing every one of the special agents in charge of the fbi field offices are placed there by the fbi director. so the fbi director has an extraordinary amount of power to set the leadership of the fbi across the nation. it's not something i think that, again, do i think there are any number of trump loyalists that would do anything the president says in the fbi? i don't. but i do think it would be very feasible for somebody like president trump to say, you know what? we're not going to investigate russia anymore. i'm taking all of those agents, and i'm moving them to the border. we're not going to look at corruption anymore. i'm going to take all of those agents to rounding up illegal immigrants across the united states. >> that is sobering. also this, can you explain why the false allegations that trump peddles about the mar-a- lago search are so dangerous,
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and how it threatens law enforcement? >> they absolutely are dangerous and irresponsible. first of all, what trump said claiming that the fbi agents were looking to assassinate him are one, false, and part of every single briefing prior to a search warrant, prior to an arrest warrant. there is standardized wording set every single time. i've heard it dozens of times over the course of my career. beyond that what trump said and what was put into filings by his attorneys misconstrued that deadly force policy. the problem isn't so much that he immediately turns to try and fund raise from it, the problem is he's doing what authoritarians around the world do. he is casting his opponents as these in, flowery terms to get him, and to kill him. if and when he returns to power, he has normalized this
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image to provide a justification to go out and round up these people. it normalizes this idea that the other side is trying to use violence against me, therefore i'm justified in using violence against them. it's a troubling development. it should stop, and i have every hope that judge cannon will respond on friday, and impose some sort of restrictions on this outrageous behavior by the former president. >> let's turn to trump's criminal trial, the one in new york. i spoke to james comey, and he has been outspoken about what he feels the verdict will be. >> i wasn't sure that i would have when i read the indictment, but now after seen the case, i'm not sure i would investigate how they wouldn't bring it. there's an overwhelming chance of conviction. a significant, but much smaller chance of a hung jury, and zero chance of an acquittal. >> overwhelming chance of conviction. does he have good reason to be so confident?
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>> i think former director comey is an accomplished prosecutor, and accomplished attorney and i wouldn't want to bet against him. i do agree with him that the chance of acquittal is zero. it is overwhelmingly the case, that at least one, if not all of the jurors will feel that the prosecution has demonstrated beyond a reasonable doubt that trump is guilty. of course, we're not in the minds of any of those jurors. again, remember, the burden is on the prosecution to establish unanimously, to each and every juror, that there are facts beyond a reasonable doubt that trump committed these crimes. it's an important and strongly high bar. i do think the prosecution made a strong case. i do think there's a significant chance that trump will be found guilty. but i also think there's a real chance that this does result in a hung jury. >> peter strzok, we shall see. thank you, and appreciate your time on the holiday. thanks. four years after the death
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(man) mm, hey, honey. looks like my to-do list grew. "paint the bathroom, give baxter a bath, get life insurance," hm. i have a few minutes. i can do that now. oh, that fast? remember that colonial penn ad? i called and i got information. they sent the simple form i need to apply. all i do is fill it out and send it back. well, that sounds too easy! (man) give a little information, check a few boxes, sign my name, done. they don't ask about your health? (man) no health questions. -physical exam? -don't need one. it's colonial penn guaranteed acceptance whole life insurance. if you're between the ages of 50 and 85, your acceptance is guaranteed in most states, even if you're not in the best health. options start at $9.95 a month, 35 cents a day. once insured, your rate will never increase. a lifetime rate lock guarantees it. keep in mind, this is lifetime protection.
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as long as you pay your premiums, it's yours to keep. call for more information and the simple form you need to apply today. there's no obligation, and you'll receive a free beneficiary planner just for calling. we've not been able to get the u.s. congress to pass the law that would change the laws in this country to where we can make sure that police are held accountable and they are civilly liable when they take
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the life of somebody. if you want to commemorate george floyd, then the u.s. congress needs to pass the george floyd justice and policing act. >> reverend al sharpton there with a renewed call for congress to tackle the issue of police brutality on the fourth anniversary of george floyd's death. floyd's 2020 killing sparked global protests and a nationwide protest about police reform. those have yet to manifest into u.s. legislation. joining me now is the man himself, reverend al sharpton. thanks, reverend. so happy to see you on the holiday. why do you think the issue of police reform has taken such a backseat over the last couple of years? what is the hold up with the george floyd policing act? >> i think that the clear hold up is that the republicans in
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the congress, particularly in the senate, was able to stop the passing of the bill. despite that, president biden had an executive order named the george floyd justice and policing act, and the executive order only covers federal law enforcement. i think it should be, if many of us in the civil rights community has anything to say about it, it will be a major issue in this campaign this summer. you must remember that donald trump, alex, was the president at the time. the only two things he did in regard to george floyd was he said if the looting starts the shooting starts. then he went and cleared out protesters in front of a church across from the white house, held up a bible, and made a speech. so he is -- just two weeks ago
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said we will protect qualified immunity for police, which is what i was addressing at yesterday's rally. i think take the fact that four years later, we're still having police killings, we must act in this election cycle. >> he was holding up that bible upside down. you know? anyway, so the larger conversations around police reform happened just before and during president biden's presidency, rev. so how much of this is on him and his administration? >> i think that the fact that biden signed the executive order, and that the republicans blocked it, and i think there's been other efforts by president biden, a lot of it should be if his campaign was messaging right on the fact that they would have done more, and would do more, but they've been
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blocked by the republicans. you must remember that every republican voted against the george floyd justice and policing act, and also voted against the john lewis voting rights act. so whereas trump and them are, and his crowd is trying to act like, to blacks and browns, who did get a lot out of the biden administration from unemployment record lows, unemployment among blacks, all the way up to hb cus et cetera. you blocked the changes. you were the president during george floyd. you not only didn't legislate when biden came in. your guys in the congress and senate blocked the voting rights act named after john lewis and blocked police reform named after george floyd, just like they're blocking the border bill now. same method. same guy. donald trump. >> let's turn to the campaign trail. on thursday, donald trump held that rally in the bronx.
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many are calling it an attempt to win over black and hispanic voters. is that how you see it, rev? >> i think that he may have intended that, but if it was, it was a major flop. he said there was 30,000 people there. i think law enforcement at best highest count was 7,000. alex, let's remember, 7,000 people, and many said it was lower than that. i've seen people say it was around 3,000. but let's give him the 7,000. that's not half. that's not 50% of madison square garden. we have protest marches in washington during george floyd. you're telling me a free rally for trump in a park in new york city, where he was born and raised, but this is the first time in the bronx, he couldn't get 10,000 people free? and he bussed most of them that he did get in. i think it was his attempt for the cosmetics. then to add insult to injury,
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the speakers he's going to have are two rappers under indictment? now fine. no one is for reform for letting felons vote and all of that, but to have them as a spokesman of who you're supposed to vote for? i think he ended up become firing big time. >> thank you, backfiring big time. >> thank you, we'll see you on tv. the weather threat that's on the move. with a to know about storms that could impact your memorial day plans.
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we're here with chris counahan of our local leaffilter. so chris, tell us how leaffilter is different from every other gutter protection on the market. with leaffilters, patented filter technology, there are no gaps, no openings, no place for debris to get in at all. and we install leaffilter on your existing gutters. it's a permanent solution. you'll never have to climb a ladder to clean out your gutters again. that's amazing, chris. tell me about the process. simple and easy. just give us a call, set up an appointment. we'll come out and give you a free gutter inspection. if they're sagging, we'll repair them. if they're broken, we'll replace them. if they're in good shape, our local team will install leaffilter in as little as a few hours. wow. and i understand you guys have a lifetime no clogs guarantee?
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we do. it's actually a lifetime transferable no clogs guarantee. you know, that's peace of mind and then some. so, how do people sign up? to schedule your free inspection. call 833-leaffilter today our agents are standing by. or visit leaffilter.com. when life spells heartburn... how do you spell relief? r-o-l-a-i-d-s rolaids' dual-active formula begins to neutralize acid on contact. r-o-l-a-i-d-s spells relief.
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this memorial day weekend, american consumers are finally getting some relief at the checkout line. many of the biggest names in retail have been cutting prices and offering deals on many items. after nearly two years of grumbling about the soaring
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costs of groceries and other household stables, companies like target, aldy and mcdonald's have begun rolling back costs on their aisles and food aisles. let's take a look at what's been happening. you have target, you have aldi. they have cut prices on thousands of items. wal-mart unveiled chef inspired foods. that's great news for consumers after grocery prices spiked 27% over the last couple of years. why now though? why slash the prices now? >> they may have felt the consumers were reaching a tipping point. they say the cure for high prices is high prices, and we tap out. fast food, mcdonald's or wendy's not necessarily discretionary, but it is a choice you make. so they're rolling back some of
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these prices. this isn't too far after wendy's was talking about surge pricing. now you see prices rolling back, also across target, across wal-mart for the things that we need to buy. groceries are coming down in price. people's transactions are smaller, and lower than they used to be. we're pinching our pennies a bit, because we're finally feeling the impacts. >> unemployment at historic lows. wages are going up. you can see more spending. last month the inflation rate, that went down to 3.4%. and let's remember the peak high. 9.1%, right, in 2022. yet, here's the interesting point. nearly 3 in 5 americans believe the u.s. is in a recession. and they're blaming president biden for it. explain why there is this disconnect. >> yeah, the real feel of the economy doesn't feel really good to so many people earning the median income or just slightly higher than that,
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because of inflation. everything has gotten more expensive. also interest inflation. insurance, all the necessities have become more expensive. the headline numbers look good, but on the real feel on main street, most people aren't feeling it, and who do they blame? the person sitting in the white house and that happens all the time. >> let's talk about the stock market. the dow jones, it's incredible. it is recording all of these remarkable highs. it is a positive for some american households. not all. is is it just the wealthy and the middle class that is benefiting from this? >> no, everybody benefits from a stock market being a record high. 67% of the country is invested in one way or the other. 401(k), an ira, and all of those are record highs. but it makes a big difference if you have a lot of money in a 401(k), when you hit these record highs, because you take advantage of the record compounding. the top 10% of the shareholders own most of the stock market. and also, anybody that owns an
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asset right now, median home prices are at record highs. it's a great time to be a shareholder, a homeowner, an asset owner. trying to raise a family, trying to live your so-called american dream, it's more and more difficult. so you're looking for somebody to blame. you look at people and how they feel about the economy and whether or not we're in a recession or whether or not the president is doing a good job. it's obviously split along party lines. but more and more people feel that we're in a recession and more and more people feel that inflation is going down. in while there were numerous of the presidential election. plus, while donald trump at airports across the country this week and, you're going to wa

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