tv CNN Newsroom CNN December 23, 2022 6:00am-7:00am PST
6:01 am
good friday morning to you, it is christmas eve eve. i'm jim sciutto. let's begin with the massive winter storm slamming the u.s. with dangerously low temperatures, record-breaking wind chills and heavy snow, only becoming stronger today. the storm stretching from the canadian border to the mexican border is expected to become what's known as a bomb cyclone as it moves into the great lakes today with intense pressures matching that of a category 2 hurricane. right now across the country hundreds of thousands are without power, travel plans upended for many going into the holiday weekend. more than 3,100 flights canceled already today. dozens of governors creating emergency response plans heading into this holiday weekend including opening temporary warming shelters just to get people out of the cold. i will speak with one of those governors, kentucky's andy beshear in just a moment. let's get to our team covering what's being called a once in a
6:02 am
generation storm. we begin in upstate new york where a blizzard warning is now in effect for the buffalo area. the city and neighboring communities forecasted to see feet of snow, major wind gusts approaching 70 miles per hour. cnn's polo sandoval braving the cold there. tell us what it's like. >> reporter: you know, jim, pictures tell you everything you need to know. i've stood in many hurricanes, many tropical storms where the wind gusts of about 50 miles an hour and rising were slowly getting to at least tropical storm force winds here in buffalo. four hours ago i was standing here in a place zero rain, zero wind t just speaks to how fast the conditions have been deteriorating here in western new york. the intersection that you see behind me if you actually follow this street it will take you to the lakefront close to downtown buffalo and that's where a big part of the concern is right now. this isn't going to necessarily be a snow event, this is going
6:03 am
to be a wind, a flooding, a freezing event and that's why authorities here on the ground have been warning people to simply stay put. we're actually sheltered here where we are in downtown buffalo, but the concern is that many people will choose to brave some of these whiteout conditions and that will make, perhaps, some of those roadside rescues extremely difficult. for those that are living in some of those lakefront communities, the warning there has been for people to evacuate if they can because once these complete whiteout conditions really do take over, jim, the concern is that they will not be able to be rescued out there. with these kiwinds as you're abt to hear -- as these winds begin to kick up then the concern is also about downed power lines and that will mean power outages. authorities here in buffalo -- this is just the first act of what will be a very long 30 hours, are hoping that people
6:04 am
have everything they need and they will stay where they are, especially as we approach christmas eve. the authorities hoping that folks will resist the urge to get out here. back to you. >> polo sandoval, you and your team please do stay warm. it's tough. let's go now to our flight cancellation correspondent, cnn's pete muntean, he is at chicago o'hare international airport. man, i mean, you know this better than anybody, you've been watching those numbers tick up. what's it look like today and are you expecting more cancellations going into the weekend? >> reporter: the pace of cancellations is pretty high, jim. it was only about 3,200 an hour ago, now we are at 3,298 cancellations nationwide according to flight aware. just keeps going up. 2,600 was the number yesterday for the whole day. so we've dwarfed yesterday. now that things are really change, it's dynamic, the storm is moving -- was causing cancellations in the midwest
6:05 am
more or less, now it's moving to the east and a lot of new airports are showing up on the list, the top airports for cancellations, laguardia, denver, detroit, seattle. detroit, by the way, is a huge hub for delta airlines. 42% of all flights have been canceled there. here at o'hare this is the biggest hub for united airlines, also chicago midway is seeing a lot of cancellations but we're also seeing new airports pot up on the list like reagan national airport in d.c., boston, philadelphia. we are not through this just yet. the big issue now is that the airlines are saying that the cold will really keep things slow for the airlines. it's making it really hard for ground crews to work, move airplanes, load bags. the high here in chicago today is forecasted to be 1 degree fahrenheit, that's not factoring in the windchill, and now passengers are really starting to get desperate. yesterday they were trying to get out ahead of this storm.
6:06 am
today they're having to pivot their plans in a big way. i talked to one passenger who has changed her flight three times, has had three cancellations, in fact, had to switch airports, take an uber from midway here to o'hare. listen. >> it's really frustrating, but i'm just glad that i was able to get here. the uber ride took me an hour and 45 minutes to get here from midway to o'hare and you've just got to do what you've got to do just to get home for the holidays. >> reporter: this is so, so difficult for the airlines, also so, so difficult for shipping companies like u.p.s., fedex, the united states postal service. they have contingency plans in place, but they're warning us some shipments will be delayed. remember, airports are the backbone of these companies. they also have the ground game, but the airplanes are being delayed and that's what will cause some of your christmas packages maybe to show up a little late. >> they made a movie about this,
6:07 am
they called it "plains, training and automobiles." pete muntean, thanks so much. now to denver where it's not just canceled sfliets, that's one of several cities where greyhound bus is warning customers their service may be disrupted or canceled all together. the city on the backside of this storm but still under chill warnings. it is seeing an incredible 37 degree temperature drop in just one hour when the storm hit. right now it is minus 6 degrees. man. cnn's lucy kafanov joins us now from denver. you've been feeling it throughout. so what's it like now and what have been the repercussions from all of this there? >> reporter: it was no fun yesterday and continues to be no fun even though we are on the backside of the storm as you point out. the windchill is still incredibly painful. we aren't really seeing folks on the streets. you know, you and i, jim, have been doing this weather back and
6:08 am
forth for three days in a row now and the swiftness with which this arctic blast came barreling through colorado is remarkable. we went interest something like a high of 50 degrees on wednesday when we spoke to negative 24 thursday morning. a 75 degree temperature swing that's been impacting travel, quality of life and just creating so much misery and chaos here in colorado with flights canceled and people struggling to stay warm. now, the temperatures have basically remained below zero for nearly 36 consecutive hours since that mercury dropped, it has not gotten back up. we are expecting things to turn around later today, but of course the city, the state trying to keep people safe. you and i were talking in front of the denver coliseum which was converted into a 24-hour warming center to give folks a safe place to overnight. there was so much demand for warm beds, jim, that the city had to open up two more
6:09 am
emergency centers just to meet the demand. we're talking about anyone who needs to get out of the cold, whether it's families, homeless people or that influx of migrants that denver has seen. much of the metro area hunkering down but we expect things to slowly get back to normal. in fact, we could be seeing temperatures of around 50 degrees by christmas, which is great news for us, not so much for the eastern part of the country. i know that storm is barreling your way, jim. >> maybe the only good thing about this is that it comes and it goes, right, and fairly quickly. lucy kafanov, thanks so much. in kentucky conditions rapidly deteriorated overnight. listen to this police officer in bardstown describing exactly what he was seeing on the roads. >> as of ten minutes ago the lines on the roadway were actually visible. they are now -- the roads are currently completely covered up with snow. the temperature continues to drop. we highly encourage anybody who
6:10 am
can do so, please stay at home, stay indoors. >> listen to that. stay at home, stay indoors. this morning kentucky governor andy beshear reported more than 20,000 people across his state are without power. at least one person has died as a result of the storm. the governor joins me now. governor beshear, thanks for taking the time this morning. >> thanks for having me. >> so, first of all, i wonder what the biggest threat to your state is right now in the midst of this storm and how are you handling it? >> well, we have two major threats, the first is bitterly cold temperatures. this morning windchill is up to negative 30 and some places across kentucky and you can get frostbite very quickly in that type of temperature. it's going to stay in the, you know, negatives with windchill for the next couple of days. the second piece is the roads continue to be treacherous. it's not as much of the flash freezing which we were able to
6:11 am
avoid with significant preparation, but we have just enough snow to where gusts of 40 to 50 miles an hour can create blizzard-like conditions very quickly. we have one major interstate, i-71, backed up right now. we have the national guard, the state police, every resource we can get there assisting, checking on those that are in their cars, whether they're kentuckians or not, we want to make sure that you are safe. right now we're taking a number of steps. first we're under a state of emergency, so we pre deployed national guard all across the state. we have fish and wildlife, kentucky state police prestaged. the only good thing about this arctic front is we knew it was coming so we've been preparing with our transportation cabinet for about a week, but people need to stay home, people need to stay off the roads. if your travel plans change, listen, your family wants you home for christmas, but they want you alive a lot more. just be safe. >> that's a fair point there,
6:12 am
right, because we're talking about this. i keep hearing from local and state leaders like yourself saying don't travel unless you really have to, but it's the holidays, people want to see their families and people are still traveling. look at the lines in the airports and traffic on the roads. i just want to give you a chance to highlight that point again. what would you say to folks who have to make a decision right now as to whether to travel? >> be very safe. remember your loved ones care more about having you alive and at next christmas than whether you can make this one. to me as a christian this season is all about new life and we want to make sure that we don't lose anybody, especially trying to get home for a holiday that's about life. so, please, be careful. we've got lots of ways to try to be together even if we can't be in that same room. i know after this pandemic and certainly everything we've been through this kentucky, flooding and tornadoes and the rest, that being together is more important
6:13 am
than ever, but staying safe is even more important than that. listen, it happens even when you are a governor, my brother and his family were supposed to be in for this christmas and had to change their plans. listen, i'm just excited that they are safe and that i know i'm going to see them soon. >> you're following your own advice there. kentucky governor andy beshear, we wish you and the people of kentucky good luck through these coming days. >> be safe. merry christmas. all right. cnn affiliate wmc reporter walter murphy is in memphis, tennessee. walter, you're there by one of the main roads in town. i wonder what you're seeing and how are folks responding to those warnings about, listen, stay home if you can? >> reporter: well, jim, you can see behind me there are plenty of people that are out and about this morning, but it's 3 degrees here right now, we are not really used to that here in
6:14 am
testimon memphis, you know, with subzero feels like temperatures it's very cold out here. people have been getting out and about, but, again, the tennessee department of transportation is urging everywhere that doesn't have to get out to go to work to do anything that's absolutely necessary, to stay at home today. you know, there's no need to get out. we haven't seen that many accidents or anything like that so far. they did do a fairly good job of deicing this road. they did salt it earlier, but there is some black ice, i'm going to let you see that right here. again, we are in the heart of midtown in memphis, one of the main thoroughfares through town, goes all the way through shelby county, which is where we are, but, again, the temperatures are not going to increase anytime soon, it's going to be about subzero temperatures throughout the weekend so it's important for everybody to stay safe, but i'm going to send it back to you guys right now. >> walter murphy, thanks to you and your team for braving the weather for us.
6:15 am
appreciate it. let's go to cnn's allison chinchar in atlanta. allison, it's interesting watching the storm, we've seen it coming, it's virtually national, right? it does seem like it moves quickly, though, it's still going to be one of the coldest christmases on record. >> i think that's just it, when it comes to temperatures this cold it can't move fast enough out of some of these areas. we have over 60% of the u.s. population under some type of alert. it's very cold here in atlanta, now about 16 degrees, when we first started this morning it was about 20 to 22. here is the thing, take a look at this towel, it is completely frozen solid because of how cold it's been here today, but as you mentioned, take a look at this, again, all across the country you have so many other places that are also dealing with bitter cold temperatures and wind chills, but it's that wind that's also factoring in not just force the windchill but taking anyplace where you have snow and blowing it all around. look at some of these areas, wind gusts of 40, 50, even as high as 70 miles per hour.
6:16 am
so you take that snow, you blow it around and you've got that visibility now down to less than a quarter of a mile making travel even more hazardous than it already was. here you can see where a lot of those places are that are still going to anticipate to see some snowshowers today, the bulk of them in the northeast, but we do still have a few across areas of the midwest, mainly focused along the great lakes. overall most areas like to pick up about an additional 2 to 4 inches of snow but there will be some spots including buffalo that will end up picking up feet of snow before we finally see an end to this. some good news, jim, cities like denver, dallas, new orleans will start to see a rebound in temperatures as soon as tomorrow but for the rest of the eastern u.s. it's likely going to be next week until those temperatures rebound above freezing. >> allison chinchar, 15 degrees in atlanta, man, that's crazy. thanks for joining us. still to come, temperatures also dangerously low at the southern border. many migrants are attempting to cross in this country are now
6:17 am
being forced to sleep out in the cold. and consequential new details in the january 6th select committee's full report on the attack on the capitol. what we learned from that report, that's coming up. plus, the house is set to vote today on that $1.7 trillion spending bill to keep the government running through next year. when might it hit the president's desk? stay with us. ♪fall into me and i'll catch you darling♪ ♪w'll dance in the street♪ ♪ lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected
6:18 am
from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. ugh, this rental car is so boring to drive. let's be honest. the rent-a-car industry is the definition of boring. and the reason can be found in the name itself. rent - a - car? you don't want a friend. you want the friend. you don't want a job. you want the job. the is always over a. that's why we don't offer a car. we offer the car. ( ♪ ) sixt. rent the car.
6:19 am
♪ what will you do? ♪ what will you change? ♪ will you make something better? ♪ will you create something entirely new? ♪ our dell technologies advisors provide you with the tools and expertise you need to do incredible things. because we believe there's an innovator in all of us. as someone living with type 2 diabetes, i want to keep it real and talk about some risks. with type 2 diabetes you have up to 4 times greater risk of stroke, heart attack, or death. even at your a1c goal, you're still at risk
6:20 am
...which if ignored could bring you here... ...may put you in one of those... ...or even worse. too much? that's the point. get real about your risks and do something about it. talk to your health care provider about ways to lower your risk of stroke, heart attack, or death. learn more at getrealaboutdiabetes.com ♪ ♪ well would you look at that? ♪ ♪ jerry, you've got to see this. seen it. trust me, after 15 walks it gets a little old. i really should be retired by now. wish i'd invested when i had the chance... to the moon! [golf ball bounces off rover] unbelievable. ugh. [ding] former president trump's efforts to overturn the 2020
6:21 am
election led to the attack on the capitol and he should be barred from holding office again, those are the conclusions and recommendations in the january 6th committee's final and full report more than 800 pages released last night. cnn's paula reid joins us now, she's been going through it. we learned a lot prior to the release of this report, but there were some new conclusions and revelations in here. >> i was really surprised, jim, by how much news there was in this report, especially after the hearings this summer, the executive summary earlier this week and our own reporting. as you noted, the committee has had bold conclusion and then lays out the evidence to support it, that conclusion is that the central cause of january 6th was one man, former president donald trump, who many others followed. they conclude none of the events of january 6 would have happened without him. and it's interesting because the report takes a few steps back, they are not just focused on the violence on january 6, they look at everything that happened from even before the election up to january 6th.
6:22 am
and they conclude that there were efforts by the former president and his allies spread out across the country to try to overturn the election. let's take a look at what they said about the effort to influence state officials. they say that trump in an effort to overturn the results in key states, he and his inner circle engaged in at least 200 attempts to pressure state officials. and it also says that trump was the one spear heading this outreach and that they were mostly focused on states where he lost or where they had a gop-led legislature, states like michigan, pennsylvania, georgia and arizona. they also say that the former president's decision to declare victory even though he lost, that was premeditated and they show emails before the election saying no matter what happens just declare victory. another thing i thought was interesting was new evidence about conversations he had with his attorneys because his defense attorneys are now arguing that trump was just
6:23 am
getting bad legal advice, but they really undercut that here. in fact, this he show when it comes to john eastman his election attorney who authored that memo, that strategy about how pens could block the counting of electoral votes, the day that was written eastman told a trump aide he wanted to confer with the president about, quote, our strategy and the evidence they've gathered showed he spoke with someone at the white house for 23 minutes. clearly a very concerted effort by the committee in this report, jim torques focus on the former president. >> and the premeditation part, too. the committee made some recommendations as well. >> they had a list of recommendations, one of the biggest is that they believe the former president should be barred from ever holding office again. they have of course made criminal referrals to the justice department. they believe that the lawyers who are giving trump this advice should be held responsible. now, one thing that could actually happen is they're calling on congress to pass an overhaul of the 1887 electoral count act, that is something that is actually moving forward. the former president has responded to all of this, of
6:24 am
course, he not surprisingly dismisses it as a witch-hunt which is one of his favorite ways to try to undermine political and criminal investigations. they're going to release more transcripts over the next couple days and weeks so i will be back with more news. >> there were also some inaccurate statements in the president's response claiming once again without evidence that he had ordered national guard troops to respond. paula reid, thanks so much. right now the house is preparing to vote on that big $1.7 trillion year-long spending bill. the senate passed measure yesterday, now it's up to the house to approve the measure, keep the government funded through next year. cnn's lauren fox joins us from capitol hill. this is pretty much all done and dusted before everyone leaves for the holidays. >> reporter: that's the expectation, it may take a little time up here in the house of representatives to get this all moving forward. we expect the house rules will come back into session in about an hour. after that we expect that it will take a little time to get this ready and a final vote to
6:25 am
happen on the floor. a couple things i want to highlight. this is also a little bit dependent on whether or not kevin mccarthy who is expected next year to, you know, be up for speaker, who is trying to win the speakership, we expect that he is going to speak for what is known up here as the magic minute. it can go on for as long as he wants to talk. we are getting some guidance according to my colleague kristen wilson that that speech could go for a couple of hours potentially, so we are waiting to see how long that takes. that could impact the decision timing for this vote. now, we should also note that the storm is descending across the rest of the country and up here on capitol hill we have more than 200 members who have filed letters to vote by proxy. it's not clear that all of them will utilize those letters, but that is an important factor here. this could be the first time that we have seen in a while just this huge number of members not voting in-person today. of course, we are just two days before that christmas holiday, jim. >> those proxy rules, they were
6:26 am
meant for the pandemic, right? >> reporter: that is exactly right. traditionally when you file a proxy letter you are supposed to be saying that you can't be traveling because of a health concern. >> now it's holiday plans and weather. lauren fox, thanks so much. still ahead, a life-threatening cold. how you can keep yourself and others close to you safe. that's coming up. this... is a glimpse into the no-too-distant future of lincoln. ♪ ♪ it's what sanctuary could look like... fefeel like... sound like... even smell like. more on that soon. ♪ ♪ the best part? the prequel is pretty sweet too. ♪ ♪ ♪ this... is t planning effect. thiss how it feels to know you have a wealth plan that covers everything that's important to yo is t planning effect.
6:27 am
6:28 am
when they're sick, they get comfortable anywhere and spread germs everywhere. wherever they rest protection nothing kills more viruses, including the covid-19 virus, on more surfaces than lysol disinfectant spray. lysol. what it takes to protect. get refunds.com powered by innovation refunds can help your business get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started.
6:29 am
6:30 am
6:31 am
chicago on the right, both cities have subzero wind chills. in memphis, a dangerous amount of ice blanketing roads, stranding vehicles, cnn affiliate reporter jeremy pierre has more. >> reporter: it's definitely not a typical day here in the city of memphis. we are in walnut grove which is very popular for people to get to and from work and already this morning we have seen people be defeated by this hill here in front of hope church on walnut grove in the city of memphis. on our way to this area we actually saw about ten cars, ten cars that either had been abandoned or wrecked, you can see it right here. already this morning in this section we have seen four cars spin out of control. that car right there, that vehicle, that suv, is the lone one that is just stuck. it can't move because of the ice. not only is this ice on this
6:32 am
road hard to drive on, but it's absolutely impossible to walk on. i got a chance myself to see for myself that it is ice. ice for sure. and for the most part people are having trouble going up the hill, also down the hill as you see this crashed out car right here. also with people coming down this hill right here, people are ending up up that hill. >> goodness. that's why they're saying don't get on the roads. it's dangerous when they ice up. let's go now to northern michigan where some areas are expecting up to 8 inches of snow. cnn affiliate bluc reporter andrew mccomb is in anagi, michigan, where the blizzard warning is now going into effect there. andrew, just the beginning from what we understand of the worst conditions. what does it look like? what does it feel like where you are? >> reporter: that's -- that's right, jim. it feels cold.
6:33 am
i've been in and outside throughout the day and it takes about five minutes until you can't feel your fingertips even through these stormer chromer gloves here. it's cold and we actually have a break in our fresh snow. we got 6.5 inches of snow yesterday just off the lake superior shore, they expect 1 or 2 feet more snow by the end of this system tomorrow on christmas eve. should be winding down in the evening, but it's cold. no fresh snow falling right now, but the winds are picking up, temperatures are dropping and it has the makings of a blizzard. the good news right now for people here is that many are staying off the roads and heeding the warnings. >> glad to hear. you stay warm, too. best to you and your team. thanks of it so much, andrew mccomb. well, this storm a bringing life-threatening cold to big swaths of the country, those most at risk, the elderly and very young children. cnn's senior medical
6:34 am
correspondent elizabeth cohen joins me now with more. listen, i wonder how you can make sure you and your loved ones stay safe. some of it's simple advice, stay at home, don't travel unless absolutely necessary, but what else should people watch out for? >> jim, that's a good piece of advice and another one is think about who is the most vulnerable. let's take a look at that. infants under the age of one, they don't always maintain their body heat as well as older people do -- as well as adults do or older children, so keep them dressed warmly, especially while they're sleeping. also the elderly are most at risk. and also we should know that people who have heart disease, cold weather puts stress on the heart. so keep that in mind as well. also cold weather can aggravate asthma or other lung diseases. so there may be -- you may have asthma or some other lung disease and you're usually fine, but in the cold it may make it much worse, so where are your rescue meds, your inhaler? think about all those things as
6:35 am
the weather gets colder. jim? >> all right. any other tips to stay safe and healthy for the young and the old, but others as well? >> yes, for sure. so as we mentioned before, it's the young and the old. so dress infants warmly, check on the elderly, if you have elderly neighbors, make sure that they're okay. also avoid alcohol and caffeine. i know it's tempting to drink some hot alcoholic beverages, mulled wine, down some coffee, but, in fact, the caffeine and alcohol can really hurt you in the cold. so think about that before you start drinking large quantities. >> final question -- i thought this question was already answered, but maybe not. a recent study helps explain why the cold gives us colds. what have we learned? >> yes, this is a study that you and i talked about, jim, a couple of weeks ago. this is so fascinating. that, you know, it seems like maybe it's been a myth that you get a cold in the cold, but it actually seems to be really
6:36 am
true. there were researchers who looked at what happens to our noses as the temperature starts to plummet. when the temperature goes down, the cells in our nose that are responsible for keeping germs out, they don't work so well. they just don't function so well in the cold. so there really is a reason why people tend to get colds more when the weather is cold, there's other reasons, too, but that seems to be a big reason because those cells in your nose they are the first line of defense for keeping germs out. so it's not just a myth, it's true. >> so basically our grandparents have always been right, you will catch a cold. >> that's right. they were. >> keep your hats on, you will catch a cold. they knew t elizabeth cohen, thanks so much. still ahead, fresh indicators this morning that inflation is coming down, headed in the right direction. what we're seeing from what is the federal reserve's favorite gauge of prices. we will have an update coming up. 's the last minute gift sale. save up to 50% off dazzling deals. ( ♪ ) give the gift of shihine at zales, the diamond store.
6:37 am
6:38 am
if you still have symptoms of moderate to severe rheumatoid arthritis or active psoriatic arthritis after a tnf blocker like humira or enbrel, rinvoq is different and may help. stand up to your symptoms with rinvoq. rinvoq is a once-daily pill that tackles pain, stiffness, swelling. for some, rinvoq significantly reduces ra and psa fatigue. it can stop further irreversible joint damage. and rinvoq can leave skin clear or almost clear in psa. that's rinvoq relief. rinvoq can lower your ability to fight infections, including tb. serious infections and blood clots, some fatal; cancers, including lymphoma and skin cancer; death, heart attack, stroke, and tears in the stomach or intestines occurred. people 50 and older with at least one heart disease risk factor have higher risks. don't take if allergic to rinvoq as serious reactions can occur. tell your doctor if you are or may become pregnant. ask your rheumatologist for rinvoq. rinvoq. make it your mission. learn how abbvie could help you save.
6:39 am
6:40 am
like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq oh, no, not about that. about what comes next in life. for her. i may not be in perfect health, but i want to stay in my home, where my family visits often and where my memories are. i can do it with help from a prep cook, wardrobe assistant and stylist, someone to help me live right at home. life's good. when you have a plan. ♪ ♪
6:41 am
all right. want some good news as we're all freezing? prices seem to be slowing. this morning a new report offering a glimpse of where consumer spending and other household finances stand as we wind down a year filled with major inflation. the federal reserve's preferred measurement of inflation continued to cool off in november, providing yet another welcome indication that this period of painfully high prices may have peaked. comes as white house officials are projecting confidence about the economy's ability to bounce back in 2023. cnn chief business correspondent christine romans joins me now. the trend is your friend? you are our official the trend is your friend correspondent, christine. these latest numbers, part of a downward trend in prices, should we be confident that's a continuing trend? >> they are part of a trend. a trend that grows ever more noticeable with each passing
6:42 am
economic report about inflation. you have inflation pce, this is the fed's favorite gauge, 5.5% in november. in normal times that would sound still too hot but coming down from 7%, 6.5%, 6%, now 5.5%. month over month up 0.1%. that year over year number is the slowest since october 2021 when this inflation nightmare began. so that is a good sign here overall. there's some core numbers inside this data that also showed signs of cooling. so when you look at the trend it does feel like the worst of the inflation drama is behind us, with still some more work to go. look, inflation peaking, gas prices down 50 cents over the past month, that may be one reason why consumer sentiment rebounded. gdp grew 3.2% in the third quarter heading into the end of
6:43 am
the year on a solid footing for the economy. >> you've got prices cooling -- i mean, granted they are still high. >> yes. >> we don't want to minimize that but coming down from those peaks. prices cooling and you have good economic data, you mentioned gdp growth, job market seems to be strong. i mean, is it too early to talk about soft landing or is this still sort of precarious territory? >> there's still a path for a soof soft landing most economists tell me but i want to be real clear. we don't know what's going to happen next year and here is why, we have a wall of federal interest rate hikes that have a lag, right, federal reserve interest rate hikes that have a lag time for when they work in the economy. we have a wall of unprecedented tightening that's going to come in some time next year and start to be felt in the economy. we are feeling it now in the housing market, home sales slowed ten months in a row and, jim, i can shoal you we're feeling it already in the stock market. the stock market is a forward-looking indicator, of course. the stock market, the s&p 500 on track for 19% lower for the
6:44 am
year, it will be the first down year since 2008, the worst -- first down year since o 2018. the worst since 2008. that's an ugly, ugly performance for your 401(k) this year, but some perspective, you're still up 45% over the past five years, that's darn good, and we're back now to maybe early 2021 levels for the stock market. so we've wiped away a couple years of gains, but still i have to tell you that's where you see the fed's expectations in the housing market and in the stock market. >> understood. and then the question, do they overtighten, right? still an open one. christine romans, thanks so much. >> nice to see you. still ahead, it's already a dangerous journey. now migrants are also battling bitter cold, limited shelter space as they attempt to cross the u.s./mexico border. we will take you there once again coming up.
6:45 am
with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, ftten, or reverse orders so you won't miss an opportunity ugh, this rental car so boring to drive. let's be honest. the rent-a-car industry is the definition of boring. and the reason can be found in the name itself. rent - a - car? you don't want a friend. you want the friend. you don't want a job. you want the job. the is always over a. that's why we don't offer a car. we offer the car. ( ♪ ) sixt. rent the car. the ergo smart base from tempur-pedic responds to snoring - automatically. so no hiding under your pillow. or opting for the couch. your best sleep. all night. every night.
6:46 am
experience the mattress ranked #1 in customer satisfaction by j.d. power, four years in a row. after years of chasing the big idaho potato truck... i finally caught it. oh man. always look for the grown in idaho seal. vo: palantir software. empowers scuderia ferrari to make critical decisions a split second faster. palantir. data driven enterprise accelerator.
6:47 am
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! two loads of snot covered laundry. only one will be sanitized. wait, what? adding lysol laundry sanitizer kills 99.9% of bacteria detergent alone, can't. two new ihop lunch and dinner menu items for twice the goodness, twice the flavor, and twice the choice. sirloin salisbury steak and all-natural salmon. perfect for lunch or dinner. only at ihop. download the app and earn free food with every purchase.
6:49 am
hundreds if not thousands of miles to get to the southern border and now state and federal officials are warning migrants against traveling any further because of dangerously cold temperature as long the border. camilla bernal is in el paso, texas and 18 degrees there but that is what it is. and what are you hearing about shelter space there, they set up shelters but are they getting overwhelmed? >> reporter: they absolutely are, jim. they are at full capacity. the shelter that i'm at now they have capacity for 130 they tried
6:50 am
to fit about 200 people and more people want to be inside. but it is impossible. so what they're doing is sleeping on the floor. i want to show you, because this is what they're doing. anything they can, sticking close together. getting any blanket that they can. they're even using cardboard boxes to stop the wind because it is not only 17, 18 degrees, it is very windy and that makes the situation even worse. so you have people all along this side of the street, you have even more across the street overnight, there was a bus that was parked here and they said we we are trying to go to the w warm -- to the bus to warm up and the people of el paso are bringing these mikts food. just a normal resident here who made tamales and brought pan and it is the sweet bread and the
6:51 am
tamales that you get for christmas. they wanted to be here to help these people. so you're seeing humanity and people come together but seeing migrants who will just do anything to stay in this country. they don't mind being in freezing temperatures because their hope, they're dream is for their future and their children. they say we've got through so many hardships we'll do everything we can to be in the country. they can't go to the sit run shelters because you need to have the proper documentation from border patrol and that is the area where they don't want to go in many cases. so they're having to come that these shelters, the nonprofits because that is their only option, jim. >> camilla bernal in el paso, thank you so much. well as you've been hearing, asylum-seekers being told by authorities to get inside or to go home. but for those waiting in line,
6:52 am
this is the final step in a very long and dangerous ordeal. they don't want to go home. david culver spoke to venezuela migrants now stuck at the southern border. >> reporter: they were those who cross illegally. streams of people who watch every day and every hour. here in juarez this is what the u.s. looks like for lexi. >> we're not criminals, we're good people, they stress. >> reporter: the two met while serving in the venezuela military and in october they were fleeing political turmoil. hiking through jungles and rafting murky waters and riding a train from on top. so close to their final destination until policy and this halt their journey. before sunrise on tuesday, we watch as texas law enforcement mobilize. sealing off this popular access
6:53 am
point to american soil. one of the state's efforts to stop the flow of migrants. but it only reroutes them a short distance down river creating a new bottleneck and a tense standoff. the setting sun ushers in freezing temperatures. by fight fall migrants settle in on the u.s. side of the river, building campfires to keep warm. hours later some rush another border entry point about a mile away. under title 42 they could be immediately expelled. lexi determined to enter legally. she wants to do it the right way and where she wants to go. far from their big apple dreams, unable to return home, stuck in international purgatory. i'm here with my partner, she said. discriminated against, because their migrants and their women and they're a couple. to be safe, they avoid public
6:54 am
displays of affection and travel in groups. another reason they want to get to the other side -- when we're there, we're going to help all of our families, they said. the very mention of family triggers emotions lucy has carried since leaving venezuela. she's missing her mom and siblings. lexi, her 10-year-old daughter. we are hurry across texas, about a half mile from where we met the couple and arrive at this local shelter, with nowhere else to go families line up hoping to escape the freezing cold. lucy and alexi among the fortunate. this is home. at least for now. we meet some of their new friends, mellow migrants from all backgrounds. >> and how many peopleal tog -- how many people altogether are here at night?
6:55 am
>> 135. we don't have the match for the dooet mand. >> reporter: and juarez is feeling the strain from this migration surge. the city has always been very generous to migrants but with so many people it is difficult. the city isn't prepared for this influx, he said. back in the shelter, alexi struggles with having left her daughter behind. telling me, i don't know when i could give her my love again because right now i'm just trying to provide for her. lucy saying, the hardest part in this moment right now is being so close and not being able to cross. but echoing from their phone, a familiar song that chronicles a migrants journey brings back smiles and hope.
6:56 am
[ singing ] ♪ >> reporter: we're going to make it, she said. and it is precisely because of title 42 that they want to avoid doing what the migrants you see behind me are doing, turning themselves into u.s. customs border patrol to seek asylum officially. but the problem under title 42, as soon as they enter they risk being deported to places much farther and more dangerous. >> still ahead, the brutal winter storm bearing down on the nation. you might be feeling it. blizzard warnings in some states. sub zero windchills in others. grand rapids, michigan, where it is just 6 degrees. we're at the front of the storm coming up. personalizized plan for cash flow, even when you're not working. one ththat includes your 401() and all your other accounts..
6:57 am
so you can make informed decisions that best fit your life ahead. a plan designed to help you make your money last so you can go from saving... to living. that's the planning effect. from fidelity. ♪you said close your eyes don't look down♪ ♪fall io me and i'll catch you darling♪ ♪we'll dance in the stet♪ ♪ ♪ what will you do? ♪ what will you change? ♪ will you make something better? ♪ will you create something entirely new? ♪ our dell technologies advisors provide you with the tools and expertise you need to do incredible things. because we believe there's an innovator in all of us.
6:58 am
lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. get refunds.com powered by innovation refunds can help your business get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do.
6:59 am
7:00 am
if you run a small business, you need the most from every investment. that's why comcast business gives you more. more innovation... with our new gig-speed wi-fi, plus unlimited data. more speed... from the largest, fastest, reliable network... and more savings- up to 60% a year on comcast business mobile. all from the company that powers more businesses than any other provider. get started with fast speeds and advanced security for $69.99 a month for 12 months. plus ask how to get up to a $750 prepaid card with qualifying internet.
128 Views
IN COLLECTIONS
CNN (San Francisco)Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1239113702)