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tv   CNN Newsroom  CNN  December 14, 2022 11:00am-12:01pm PST

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hey there. i'm victor blackwell. welcome to "cnn newsroom". >> i'm bianna golodryga. any moment the federal reserve will reveal how much it will increase interest rates. it will impact how much money it will cost to borrow for car, loans. >> there are signs the fed's method may be working with inflation metrics cooling recently. cnn's mat egan is outside the central bank. matt, do we have a decision? >> we do. 50 basis points. the fed delivered its seventh straight interest rate hike, but decided to slow the pace of those hikes after four straight moves of 75 basis points. this was expected but significant nonesless. it is a sign fed officials believe their tough medicine is starting to work, starting to cool off inflation. they're still pumping in medicine and just lowering the dosage a bit. this still is a big increase of interest rates, and it also
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lifts the fed's target range to the highest level since late 2007, just before the great recession, and that means higher borrowing costs for everyone. we've already seen mortgage rates spike to the highest level in almost 20 years, credit card rates are at record highs, all of that will probably go higher. what's interesting is that despite the fact that the fed is slowing the pace of their interest rate hikes and signs of cooling inflation the statement that accompanies this decision was basically identical to the last meeting. the only things that really changed were the date and the target range, and the fed also reiterated that inflation, quote, remains elevated and that ongoing rate hikes are probably going to be appropriate to try to get inflation down. so i think they're trying to send a message here that there's still more work to be done. they're not going to declare victory just yet. fed officials issued new projections here, pencilling in more rate hikes, see rates going
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up three quarters of a percentage point, and also slashed their gdp forecast and see near zero growth next year and bumped up the employment rate forecast, all of that is an acknowledgement from the fed that this war on inflation is causing some real economic pain. >> all right. matt, stay with us. we want to bring in mark zandi, chief economist for moody's analytics and chief white house correspondent phil mattingly. let me start with you, mark, and get you to respond to what we've seen from the fed today. this was widely expected but it comes after a slew of data that shows inflation is, in fact, cooling. does that give you any hope that we could, indeed, see a soft landing and perhaps avoid a recession overall? >> yeah, it does, beyan na. i think i'm much more optimistic today than i was a month or two ago, because those inflation numbers we got yesterday were about as good as they get. it does indicate that inflation is cooling off. inflation is still high, it's
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still a problem for many americans and it will for the next year and the federal reserve still has more work to do, and that's what they were saying today, they will raise rates further going forward, but feels like we're going down the soft landing path. maybe soft landing is not the right word. it will feel uncomfortable but not a path that includes a recession. i'm growing more optimistic that we can make our way throughout without suffering an economic downturn. >> any time we have a question for the white house they always say they respect the independence of the federal reserve but promoting they are doing other things to bring down inflation, bring down the costs of items to everyday families. what are they doing, what are they promoting? >> you know, i think when you talk about the actual inflation itself, a big element of what the white house has done in the economic side of things to try to address inflation, has largely been in the periphery, trying to bring down costs on other issues, whether it's the cost of prescription drugs, whether it's the cost of
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internet for some people. that has been kind of their primary course of action, something that underscores the reality there's just not a lot on the monetary policy side of things that the executive branch can trigger to some degree. the one area where they clearly feel like they've had some success, it took time and still somewhat fluid, depending on how things go, is on the supply chain side. there is no question the scale of the effort, particularly on the ports, but even on rail, on shipping as well, just generally, has been a central focus of president biden's economic team over the course of really the better part of the last year and a half in terms of how they've operated, the policies they've put in place and keep in mind these are really kind of supply chain tlaemtsz have no major -- elements that have no major government effect on them. this is convening, trying get people to change how they operate on the business side. they feel like they've cleared up a lot of critical bottleneck problems to streamline this process. one, they know this is not necessarily a sure-fire
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direction towards a soft landing, but they feel very good, as mark was saying about the cpi data yesterday, but that things can change quickly in this moment in time. not celebrating in terms of this is all ends, because inflation is still high, but feeling like what they've done has had an effect and what the fed has done, the central player here, is having an effect as well. >> the supply chain system we should note really effectively broke down because of the pandemic over the past few years, and mark, i'm just curious how much you're going to be focusing now on china specifically, the world's second largest economy, as it is now lifting covid restrictions, but many would say that they are not prepared at all for the widespread number of cases that they are expecting right now. could that once again impact the global economy and the supply chains? >> yeah. good point. i mean, they did bring down the no covid policy, so it means that they're not locking things down when covid cases show up, and so we won't see those kind of disruptions. it does mean more infections,
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lot of reports of people getting sick, so i don't think the supply chains are going to iron themselves out completely quickly. they will have to work through the illnesses. as you move into 2023, spring, summer, hopefully the virus fades at that point in china, get it back up and running full speed and that should help out and bring inflation down further. one place where you see this is in vehicle prices. particularly new vehicle prices, because the japanese automakers and german automakers, big, global producers, get a lot of what they need from china and he they haven't been getting them so they can't produce. as the supply chains improve they get the parts they need, supplies they need, they produce more cars and vehicle prices come in and another reason to be more optimistic about the inflation outlook here, not next month, next quarter, but certainly by this time next year. >> control room, if we have it, can we put the big board up as i ask mat egan this question about what the response from wall street is?
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we were seeing some gains, and then right at 2:00, we're now at about where we started the day, dipping in single digit its into negative territory. matt, i know you don't have this in front of you, but for a market that was doing pretty well before 2:00, what would be the reaction now that would see that drop-off, a drop off the cliff here? >> well, i think it would probably be because the statement, as i mention the, was identical. the fed didn't acknowledge anything about the cool off in inflation. they didn't drop any hints yet about what it's going to take for them to stop raising interest rates altogether. there may be some disappointment there. i would caution that knee-jerk reaction is often wrong or at least reversed. we saw the opposite last time, last meeting, markets popped when the statement came out. there was a lot of enthusiasm about some of the framing in that statement, and then what
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happened was, the fed chair jerome powell came out at 2:30 and struck a cautious tone, a hawkish tone, signaled more interest rate hikes to come. we could see this go back and forth. i think that what we're looking to hear from chair powell coming up in the next 20 minutes or so, is how he frames this cool off in inflation. we know that the white house was celebrating the better inflation numbers. we know that investors have been breathing a sigh of relief. how happy, how pleased are fed officials about that. and then what is it going to take for them to pause this interest rate hiking campaign? at what point does he expects the fed to be able to stop raising interest rates, maybe next spring, and, you know, what is it going to take in terms of inflation numbers to get there. we'll see what chair powell has to say in the next 20 minutes or so. >> on that note, mark, are you concerned at all that perhaps we're now seeing a fed that is focused on over correcting now and could, as a result,
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inadvertently, bring the u.s. into a recession, that didn't necessarily have to be? >> yeah. that's a risk. you know, they made a mistake earlier in the year by not raising rates quickly enough when there was a gathering evidence of inflation developing and the economy was very strong. they don't want to be too critical because who would have predicted the russian invasion and the impact that had on oil prices. they got it wrong. there's certainly a risk they get it wrong again on the other side, that they continue to raise rates too high too fast and push the economy into recession unnecessarily so. that's why i think, bianna, what they will do here is follow through on the script they've laid out for us and raise rates another half point or so over the next couple, three months, and then stop. take a look around and see what's happening with the job market and wages and, obviously, the inflation numbers. if they continue to improve like we saw last month, i think that's the end of the rate hikes and that will be the end of it.
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it may take a while to get rates back down to something we feel comfortable with because it's going to take a while to get inflation back down, but that might be the end of the story. if they keep pushing they could inadvertently push the economy into a recession and unnecessarily so. >> mark zandi and phil mattingly, thank you. we're standing by for comments from the fed chair jerome powell and matt we'll bring you back after we hear from powell. >> we'll watch the dow as well. one day after the indictment of former ftx ceo sam bankman-fried a bipartisan push to regulate cryptocurrency is gaining steam on capitol hill. senator elizabeth warren wants to require crypto firms to follow the same rules as banks. she introduced a bill to close the loopholes that allowed digital assets to be used for money laundering. >> the senator and other lawmakers held a hearing today to talk about the ftx crash, and its effect on consumers.
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meanwhile, bankman-fried is still in jail. he was denied bail in the bahamas after indicted on eight criminal charges. cnn correspondent carlos suarez joins us now from nassau. do we know how soon he might be extradited back to the u.s.? >> reporter: well victor and bianna, it is unclear at this hour just when the 30-year-old might be extradited to the u.s. he's expected to remain at this bahamian prison behind me through at least february, when he has another court hearing here in nassau. now, yesterday, during his initial appearance, spf said he would challenge his extradition to the u.s. and you can understand why. if he's convicted of the charges out of new york he faces the possibility of up to 115 years in prison. victor and bianna. >> we're hearing more about the role his parents may or may not have played in the company.
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they were both professors at stanford at one point and i believe they're there with him in the bahamas. can you talk us through what connections they had to the company? >> reporter: yeah. that is one of the looming questions here in the bahamas. his parents have been here for the last several days, specifically what role, if any, they had within the ftx company. the two of them they were in court yesterday and we tried to get their reaction to the allegations that have been made against their son, as well as an allegation that was made by ftx's new ceo who said that the company was looking into what role, if any, the parents may have had. who here's what that ceo told lawmakers yesterday. >> our first day papers we indicated that mr. bankman had given legal advice -- >> had he been an employee of ftx? >> i don't know if he had an employee status but he received payments from the family did receive payments. >> reporter: and so when we
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approachedp both his parents, they told us that they did not want to comment about either of the allegations. in fact, throughout the entire hearing the two of them mostly kept their head down and did express some disbelief in the fact that their son is going to remain behind bars for the foreseeable future. victor and bianna? >> carlos suarez, thank you. a severe storm is threatening millions of people across the country right now. blizzard conditions and deadly tornados have created a lot of destruction. we'll take you to one of the towns hardest hit by this line of storms. a controversial border policy is set to expire next week. what biden administration is doing to try to stem the influx. i brought in ensure max protein with 30 grams of protein. those who tried me
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people in the southeast are facing a tornado threat due to a massive storm system that continues to trek east. new video in from southern louisiana you see there shows what appears to be a tornado touching down in new iberia. police say several homes were damaged and people might be trapped. the same storm system tore through the northern part of the state yesterday. officials near shreveport, louisiana, say a boy and his mother died. >> 100 miles away in farmerville a tornado ripped through a mobile home community. at least 20 people were hurt there. cnn meteorologist derek van dam was live in that town. what are you seeing? >> yeah. we are seeing complete devastation here, especially in the mobile home park, which is directly behind me in this. i wanted to show you this really
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incredible thing. this is actually part of the foundation that held together one of the mobile homes, the modular homes, behind me. we'll take you to the skies here with our drone in one moment, but this has to be 70 feet of pure iron so that really just puts into perspective the force of mother nature. walking around, you can hear the usual sounds of a natural disaster with alarms blaring in the homes and residents behind me. look at this. just projectiles that were splintered from homes, copper wire left here in its wake, and i actually happened to speak to one of the tornado survivors who rode out this horrific night last night when the tornado came through and you will not believe her story of heroism that she did to save her and her friends. listen. >> we had the warning, so my roommates and the baby were in their room and i grabbed them and threw them in the bathroom,
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put them in the tub and laid on top of them because i could hear it coming, so i knew what was going on. >> what did it sound like to you? >> it sounds like they say, it was a freight train. it was about 20, 25 seconds, and then some more. i don't know if it was power lines or what it was, but once everything stopped, all the noise, i knew it was safe to come out. >> reporter: she shared with me that she was a former emt personnel and she had to perform triage on some of her neighbors. those are part of the 20 that had injures, some of them critical, just in their backyard. it took about an hour and a half for emts to arrive to this location because there was so much debris covering the roads. i will leave you with this, this is a fully overturned flatbed truck that shows you the full power of what a tornado can do. bianna? >> never get enough, just the amount of power that these tornados have every time we cover these storms. you can never get used to it.
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see the devastation and what families are going through. thank you. the biden administration is preparing for a surge of migrants at the border with days until a trump-era immigration policy expires. >> it allowed officials to turn people away at the border. this morning a large group of migrants was escorted from a border crossing site in el paso to a processing center. priscilla alvarez joins us now. what is the biden administration doing as they prepare for this potential deluge now at the border? >> they're trying to shore up enough resources across the u.s. southern border to meet the number of people who are crossing. what does that look like? officials tell me it's setting up temporary facilities. it's scaling up air and ground transportation to move people or to also remove them back to their origin of country. increasing the number of referrals for prosecutions for people who have crossed the border repeatedly. we should remind viewers that the reason that this authority
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is ending is because of a federal judge who ordered that the administration stop using this authority that since march of 2020 has allowed officials to turn migrants away at the u.s.-mexico border. now the administration knew that this was going to end at some point, and they have been receiving calls in recent weeks from lawmakers who have been asking about what happens nx once this authority is gone all the way up to senate majority leader chuck schumer who sources tell us called president biden's chief of staff ron klain to relay some of those concerns and try to get a sense of what is going to happen in the next few days and weeks. we have seen a sneak peek of that to a degree in el paso, texas, where we have seen scenes of hundreds of migrants who are arriving there, just that one section of the border, often lining up because they are asking for asylum, and el paso city official really bluntly put it by calling it an emergency.
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take a listen. >> title 42 going away with the numbers we're seeing today, is a true emergency for the community. it's a federal crisis that's happening within the border of el paso. >> reporter: now, the concern for the administration is that this is just the beginning of a challenge ahead. bianna and victor? >> priscilla alvarez, thank you. there is a framework for a spending deal on capitol hill, but that's causing tension already between two top republicans. why house gop leader kevin mccarthy is unloading on senate gop leader mitch mcconnell. and new cnn polling reveals what voters want in the 2024 presidential cycle and maybe more important, what they don't. we'll talk about it next.
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so, negotiators on capitol hill say that they've reached a bipartisan framework for a one-year spending deal, but key republican leadership may not be on the same page here. >> house gop leader kevin mccarthy slammed senate minority leader mitch mcconnell for working with democrats on that spending deal. cnn's melanie zanona joins us from capitol hill now. we've heard behind the scenes mccarthy was open, at least, to a large spending deal to wrap up the year. what is had happening here publicly? what's going on? >> reporter: yeah. this is the hope yes, vote no
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caucus. many republicans i talk to believe that mccarthy is privately rooting for this spending bill to pass. the reason is because if he does become speaker, the last thing he wants to deal with is having to address a potential government shutdown upon immediately taking power, but at the same time, he's been struggling to win over some of his conservative critics. they have been pressing him to take a harder line on spending issues, stand up to mcconnell on a number of those things and that is why you see mccarthy out there publicly railing against this spending deal, and he took a public shot at mcconnell, who has been trying to work behind the scenes to get this deal done. sources tell us that mcconnell was blindsided by that, and he was really caught off guard. now, mccarthy held a press conference not too long ago where he, again, talked about this spending deal and spoke out against it, and he did not mention mcconnell by name, but he did criticize the republican and democratic senator who helped broker this deal. take a listen. >> i propose that you have two
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senators who are gone. you just had an election where we changed the course where the house is now going to be controlled by republicans. you have democrats who controlled all and didn't do their job is going to jam us right before christmas a bill that funding the entire government that we don't have any input in. it wouldn't have anything to do with being speaker, it has to do with the american public and what future of america is going to be when it comes to fiscal resources. >> reporter: now, the divide between the house gop and the senate gop is nothing new. it's a tale as old as time. we've seen mcconnell and mccarthy split from guns to infrastructure. if kevin mccarthy does become speaker this is going to be an interesting dynamic to watch, guys. >> so politics as usual at play here. thank you. joining us now is political commentator alyssa farah griffin a former white house communications director under president trump. what do you make of the strategy
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of kevin mccarthy? surely he does not want to inherit a majority and government shutdown at the same time? >> right. that's where melanie nailed it. it wouldn't be the holidays if capitol hill wasn't scrambling to avert a government shutdown. we're used to this every december. but this is very much kevin mccarthy publicly saying something that is privately different than what he wants to see happen. what's going to be interesting to get this across the finish line it's going to take some moderate republicans, if he's smart -- and he is, kevin is a strategically wise person -- those are going to be the most important people to him if he becomes speaker, the moderate republicans willing to cross over the aisle. there's big priorities that come up next cycle, the national defense authorization, farm bill reauthorization, things he's not going to be able to pass on his slim republican majority, so this is a moment where he's saying, please vote for this to a number of moderate republicans while publicly blasting it. >> that's for the consumption of the rest of the conference, he's trying to get to 218 to get the
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gavel? >> the magic number. >> pelosi had some holdouts in 2019. boehner had holdouts in 2013 almost went to a second ballot for the speaker's race. what is mccarthy facing they did not face that he could potentially go round after round in search of the votes to get there? >> this is coming from the vintage freedom caucus plaub they tried to run against john boehner and speaker ryan back in 2015. keep in mind, they once blocked kevin mccarthy from being speaker before and eventually paul ryan stepped up and put his name forward. the same group, which looks different now, different mesmbes are saying we have four strong holdouts, but 31 voted against him in the private caucus meeting. my guess kevin is doing whatever he can to twist two of those arms to get him to the number he needs to be at. that's a tough thing to do and they've been very public and outspoken i think of matt gaetz and others i'm not sure you could switch their votes.
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during the floor vote they would vote for someone else, andy biggs, and it could go to multiple ballots. the assumption someone will emerge as a candidate, jim jordan, is it -- >> scalise perhaps. >> more aligned with the conservative flank within the house. the best argument kevin mccarthy has is that they have not put up a viable alternative themselves who can get to 218, and he has done a mast areful job at wrangling the arms of his rank and file and getting marjorie taylor greene in his corner. we'll see. it's an open question if he will get the speakership. >> what does it say to you that even the former president advocating for him to get the speakership role and vouching for him publicly is not getting him to that place right now? >> i think it shows trump's weakened state within the party. premidterms that was pretty much mccarthy was banking on if he had the trump endorsement he would get over the finish line. with republicans not taking back the senate and having a majority
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in the house, i think that the power that trump has even within the conference itself and the house republican conference is certainly more conservative than the senate, his voice just doesn't matter the way that it once did. frankly i would be calling ron desantis and asking for an endorsement. >> let's talk about ron desantis, there's new polling out, warm off the printer so fresh, 62% of republicans and republican leaning independents want someone other than donald trump at the top of the ticket in 2024. most of those people who want someone else want ron desantis, florida governor. no one else has more than a single percentage point in this. if you are a ted cruz, if you're a nikki haley, does this matter so far out from iowa? what do you see here? >> well, desantis is the consummate frontrunner right now after having victory, what we would call victory during the midterms when other republicans just did not do as well as we anticipated. my caution with the desantis
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momentum he's peaking early. the former president is going to come at him much harder, just by nature what trump is going to do, but this is his biggest rival right now. i think all of that energy is going to come on trying to attack ron desantis which could open the field to other candidates. i would keep my eyes on some governors, people outside of former trump cabinet secretaries who may be thinking seeing the midterms, hey, this might be an opening for me to run, whether asa hutchinson or chris sununu in new hampshire. i think they have a good case to make for just kind of a change. we've run a state and done it effectively and kind of putting this trump era behind us. that could be formidable even against a ron desantis. >> ron desantis hasn't been tested nationally. >> correct. >> that's a point to be made as well. great to have you on. >> thank you. survivors of the club q shooting delivered emotional testimony on capitol hill today. hear their stories about the rise in violence and threats they're seeing. that's coming up next.
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♪ there's always a fresh deal on the subway app. like this one! 50% off?! that deal's so good we don't even need an eight-time all-star to tell you about it. wait what? get it before it's gone on the subway app! survivors of the colorado springs club q shooting massacre were on capitol hill today to tell lawmakers firsthand how anti-lbgtq rhetoric is fueling violence against their community. >> witnesses told the house oversight and reform committee that it was past time to hold lawmakers accountable for their
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trafficking in ven us in muss bigotry to score political points. >> hate starts with speech. the hateful rhetoric we've heard from elected leaders is the direct cause of the horrific shooting at club q. we need elected leaders to demonstrate language that reflecting love and understanding, not hate and fear. i urge lbgtq plus americans and allies to join together today as one community. hateful people want to drive us back into closets and live our lives in fear, but we cannot be afraid. no bullets will stop us from being proud of who we are or will injure the support and love that exists in our community. >> kelly robinson is president of the human rights campaign and testified at the hearing today. thank you for being with us. let's start with your message to the community. what was your primary goal in speaking with them today? >> that we can't let these lives be lost in vain. lives of our community were
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stolen and we know why. it's unfettered access to guns, extreme and violent political rhetoric matched with political attacks. this has to stop and our elected officials have a role to play. >> in your testimony, you cited the increase in threats to the community, including you mentioned california state senator scott weiner who received a bomb threat this month. you say all of this is a result of society sort of viewing this community and dehumanizing them as not equal. what what, if your view, can be done to change that? >> you know, this hate isn't happening in a vacuum. i'm reminded that one in five of all hate crimes are motivated by anti-lbgtq plus bias. we've got to think about this as a systemic issue that demands intervention. there's so many things we can do, from actually getting protections in place for lbgtq plus people against discrimination to making sure
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that social media companies are upholding their own community standards regardless hate speech online. but action has to be taken. >> so let's go through this list a little more. what are the points of action that you want congress to take? we're switching to republican leadership in just a few weeks, but you were sitting before a democratically led committee today. what do you want them to tick through that will decrease this violence we're seeing? >> you know, one of the top things is to hold themselves and other elected accountable. even people that were on that panel are guilty of this, guilty of proliferating hate speech that serves a purpose of dehumanizing my community. let's start there. let's start by holding our elected officials to a higher standard on the language and rhetoric they're using. from there let's move positive legislation into place that actually protects our communities. you know, 29 states don't have a nondiscrimination protection on the books for lbgtq plus.
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even though the arm is in place there are ways that discrimination is legal in this country against our community. congress can do something about that. >> let's talk about positive legislation because i know that you and your wife and your 1-year-old child were at that signing ceremony at the white house yesterday where the president find. >> law the respect for marriage act. i'm just curious what yesterday was like for you and your wife? >> you know, it was really powerful. i think as a black kwooer woman that was the first time in my adult life i had seen members of congress on both sides of the aisle stand up and tell stories why my life and my community's lives mattered. then a law was actually signed into action. that was a powerful moment for me and my family in so many ways because we got to experience a joy and validation of who we are that everyone should get to xe experience. yesterday, too, some of the survivors of club q were there
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at the rma ceremony. i talked to them and that was one of the first times they got to experience joy since that attack. we need the joy to fuel the fights ahead for all of us. >> it must be difficult to reconcile the two within 24 hours. yesterday this moment of joy, this moment of confirmation, you're seeing republicans and democrats affirming your marriage, and then the next day, sitting across from people who you say have demonized the lbgtq plus community in this country? >> you know, i believe that we can feel joy and we can feel grief in the same moment. we can feel hope and we can feel despair. especially for folks of color and trans folks who live at the margins this is our day-to-day lives sometimes. i am inspired by the progress we're making. it was the same halls of congress not even 20 years ago were voting to ban same-sex
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marriage and we're sitting here now with it the law of the land. i am hopeful with the progress but there is so much more work to be done and i will never forget the people that we're fighting for. until every person in my community is flee ree we're goio keep this fight ahead. >> kelly robinson, thank you. >> thank you. a new report shows that long covid is responsible for thousands of deaths in the u.s., but some experts now warn the true numbers are much higher. we'll does with dr. sanjay gupta straight ahead. just got the new iphone 14 with its amazing camerera at t-mobile. wow! for a limited time at t-mobile, get four iphone 14s on us. and 4 new lines for $25 bucks a line. vicks vapostick. strong soothing... vapors. help comfort your loved ones. for chest, neck, and back. it goes on clear. no mess. just soothing mfort. trvicks vapostick. oh ms. flores, what would we do without you?
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u.s. health officials say rsv cases are finally starting to dip. some good news there, but the steady rise in flu and covid infections continues to overwhelm hospitals and health care providers. >> we have been talking about this for a few weeks now. meantime, a new study just released about long covid highlights how dangerous this virus continues to be.
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cnn chief medical correspondent dr. sanjay gupta is here with more, and we've talked about the impacts of long covid for awhile now, but what does this study show? >> well, this was a really interesting study, and as i tell you about this, keep in mind that about 30% of people develop symptoms of covid that justing last a long time. weeks usually, but sometimes months. what they did in a study is they looked at death certificates from january of 2020 to june of this year and basically tried to find out, was long covid one of the causes of death? you find about 3,544 deaths, where long haulers was listed in the death certificate. they found that in those death certificates and that's about .3% of all covid-related deaths. there was no specific diagnosis code for long haulers, long covid up until recently. so it's -- this number may be a pretty dramatic undercount because people didn't know what
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to call it for some time. >> so sanjay, it's the two-year anniversary of the introduction of the covid-19 vaccine. you got a new essay about the data analyzing the deaths of those who were vaccinated versus those who were unvaccinated. what's happening? >> yeah. i mean, if you look at the headlines or just look at the data and say, well, okay. how many people died in a certain month, and how many of those people were vaccinated versus unvaccinated? the sort of headline you might read is that more were vaccinated than unvaccinated, and that is true in terms of absolute numbers, but what i wanted to clarify, and, you know, this is one of those things that's more of a statistical phenomenon than anything else, but ill show you from september for example, there were 13,000 people who died of covid. what they find were 7,800 were vaccinated and vaccines seem to be the problem here. what you have to do is actually
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look at the total number of people in each of these groups. so if we look at the denominators here, you find that of the vaccinated group, you have 203 million, and the unvaccinated group, 55 million, and a very different picture emerges. 39 deaths per a million in the vaccinated group versus 95 deaths per a million. this is known as a base rate fallacy. as more and more people get vaccinated, more of the people who die of covid will have been vaccinated. it's like saying more right-handed people commit crimes. 80% to 90% of people are right right-handed. it's not your handedness. it's the specific crime in that case. one other thing i'll point out, simpson's paradox, it's an interesting thing that you look at it from a statistics standpoint. if you're someone who's died of covid, you're more -- if you are older, you're more likely to have died of covid, and you're more likely to have been vaccinated, but it does not mean that vaccination is more likely to lead to death. that's a correlation, not a kau
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causation, and that's what i wanted to get across in this essay. >> you have to factor in that bottom line number, and the takeaway here is handsdown. it's safe, important, and and it saves lives to get your vaccine. thank you. >> that's clear. thank you. a surge in covid cases in china has led to a craze for canned yellow peaches. now panic buying there has reached a point that the state media has had to repeatedly warn people that peaches cannot cure covid. >> canned peaches are known for their vitamin c, longer shelf life, and as an at-home cold remedy, but for the record, there is no evidence that peaches fight or cure the virus, but this does speak to the crisis china is facing as cases are expected to skyrocket in the country and they have a low vaccine rate, and they don't have effective vaccines at this point. >> no. all right, the fed issues yet another rate hike, but smaller than in recent months. what that tells us about
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well, we fell in love through gaming. but now the internet lags and it throws the whole thing off. when did you first discover this lag? i signed us up for t-mobile home internet. ugh! but, we found other interests. i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest. i can't wait to squad up. i love it when you talk nerdy to me. guy, guys, guys, we're still in session. and i don't know what the heck you're talking about. it is the top of the hour on "cnn newsroom." hello, everyone. i'm bianna golodryga. >> i'm victor blackwell. good to be with you. the federal reserve just gave a major sign that its fight against high inflation may be
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working. essentia