political issue. >> speak to the parents who ris lenning and watching as they're getting kids ready this morning. what are the message about mmr and flu vaccines. >> the mmr vaccine and the flu vaccine, all of our childhood vaccines are safe. they're very effective. and we need everyone to get their children vaccinated on time according to the schedule set by cdc and the american college of immune unology, and so please, please get your children vaccinated. the illnesses are not always mild. they could be severe and they can cause death. >> they can be deadly. that is exactly right. dr. keisha roberts, we appreciate you and what you do. thank you. >> thank you. cnn this morning continues

right now. ♪ first, my personal apology on behalf of myself and everyone at southwest for all of this. second, a pledge to do everything we can and to work day and night to repair our relationship with you and offer some new resources that we have to get you the fastest information and fastest service possible. >> it is the top of the hour, 8:00eem eastern. we're glad you're with us. it is december 29th. welcome to cnn this morning. >> i think everyone wants an apology. i'm confused because he said at one point that if you still haven't gotten your bad you could get it at no cost to you, which is -- >> you could get back at what you own. so we're talking about this apology this morning from southwest airlines.

this time from the chief commercial officer brian green. this comes at 2300 more southwest flights today have been canceled and they announced new ways they are planning to help stranded customers. listen to this. >> you could submit a full refund request for any canceled flights and if you have any travel expenses, due to the disruption, you could submit those receipts directly on our website. my personal apology is the first step of making things right after many plans changed and experiences fell short of your expectations of us. we're continuing to work to make this up to you. >> meanwhile, loofficial at denr international airport are asking southwest to conduct a review of the disruptions and delays and what led up to that. meanwhile, the department of transportation and congress are looking into the meltdown. there are some hopeful signs that maybe the chaos could end as early as tomorrow.

the frustration was kind of summed up perfectly by one traveller who experienced two canceled southwest flight this is week in denver. [ yelling ] >> i just haven't had this bag in a week. i've been wearing other people's clothes. i want to wear my wardrobe and i'm going to go out and i'm going to party. >> a lot of people are not laughing who have not been reunited with her bags. they've been stuck. so nick valencia is live at the international airport. has anyone cheered when they're reunited with a bag and this apology of the southwest, brian green saying if you are still waiting on a bag you could submit information on how to receive a bag at no cost to you. that doesn't seem like that is something that is sufficient for

a lot of these frustrated travelers. >> no, but these mia culpas are falling flat on the passengers and it is kind of groundhog's day, another day and another avalanche of cancellations, canceling 2,000 flights continue, continuing this nightmare for travelers and the picture behind me tells the story. the liner here at ticket counter nonexistent because there are no flights to get on. but officials with the airline are telling passengers to just bear with them. just a little bit longer. saying that that this is almost all over and that normal operations, they predict could return to normal by next week. but these mia culpas falling flat on passengers that just want this nightmare to be over. >> one thing that has emerged is learning about a warning that southwest had recently in recent weeks when they said they knew they were going to have staffing challenges over the holidays. it was related to what we're seeing now with the fallout?

>> reporter: that is right. according to an internal memo by southwest, they were going through an operational emergency in the lead up to this mess. as the winter storm was bearing down on denver and an internal memo obtained by "the washington post" said they were experiencing a high number of sick-outs at the airport. the ceo of southwest airlines saying that this problem, which is unique to southwest airlines, was caused by a myriad of issues including staffing shortages, that winter storm as well as the antiquated system that the airline functions, making them susceptible to this kind of problem. passengers don't care. they just want their luggage and they want to care their clothes and get to their financial destination but they'll have to wait a little bit longer. >> and it doesn't seem like a quick fix either. nick, thank you. we'll check back in with you. so the southwest flight attendant and pilots have warned

the company for years about the technology that left the airline so vulnerable to a meltdown just like this. southwest pilot's association writing that more than a decade leadership short comings and safeguarding have led to disappointed passengers and millions in lost profits. the airline has not been clear about what they have done in re re recent years to update that technology. we welcome anybody to join us on the program. pete buttigieg spoke to southwest union remembers and here is what he said. >> i also talked with union leade leadership from the pilots and flight attendants and they made clear they're been raising the alarm about this issue for sometime and that this really has to do with decisions and choices and in terms of the investments that this airline has made or has failed to make over the years that seem to be catching up to them now.

>> so let's bring in the president of the flight attendant union, mel west. thank you very much for your time this morning. >> thank you for having plea. >> we can't fix what has happened and what your team is going through, the pilots and the passengers. but we can talk about solutions. so, i'm interested in, you said this was avoidable, can you specify how it could have been avoided? >> well there is many ways that it could have been avoided. first thing that should have happened as the company began to grow and expand, executives should have committed to ensuring that our i.t. infrastructure would be able to be able to grow and change in our way that we operate our flights. >> you have said that you guys warned southwest executives tfo years. who do you warn, about what, and

when? >> we've had conversations with the executive leadership, with the previous ceo gary kelly, mike vander and we described as hot as we're running the operation, that the systems were continuing to be an issue. we raised it at negotiations. we've been in negotiations since 2018. in fact we picketed on september 27th and one of our picket signs said picture sign loading, southwest technology failure. we've brought forth solutions and technology provisions and at the table and it is pretty much been ignored. >> can you tell me understand what the response was from those folks? you named everyone from the previous ceo on down. and also have you in the last ten months since bob jordan has been ceo, have you said this to him? >> yes, i have. and we've had discussions at the table. my grievance team leaders have

had discussions when it comes to grievances and the pilots have also taken a strong focus on the fact that we seem to only plan for sunny days. and then when we have inclement weather our systems and our methodology just don't work. >> this is from clair tate, a former southwest manager who works on things like scheduling crews and now works as an aviation consultant. she wrote, the technology that would solve you will of this very quickly does not exist to my knowledge. do you agree with that and if that is true, now what? >> well i do know clair tate. i worked with her many times. if that is the case, then you're going to have to completely relook at the airline and how it operates. because we know that weather is going to effect travel.

that is obvious. that is a given. but as you can, you cannot be hit for this many days afterwards once the weather has dissipated. this is just unacceptable. >> the southwest pilots union said overnight that they expect a, quote, mostly full schedule by friday. so that is tomorrow. do you also expect that? that would be really welcome news to everyone. >> well it seems things have calmed down somewhat as far as the operational concerns go. because we've been operating a reduced schedule. i spoke to some flight attendants in the lounge yesterday and they were in a 10 or 15-minute hold period which is a far cry from the days that it took to get in touch with them before. and it is important to see how the operation does zet back up to full speed again and hopefully we'll be able to do that. >> that would be great news and

good to hear it is taken 10 to 20 minutes to get through and not hours. thank you very much and good luck to everyone. >> thank you. now to ukraine where explosions have hit cities across country and the power has gone out in several regions as russia is conducting one of the largest attacks to date. so far russian has launched 69 missiles on its territory and that the ukraine military has shot down 54 of them. look at this in kyiv. [ sound of gunfire ] at least three people were injured there, including a 14-year-old. kyiv's mayor said the attack has left homes and a playground damaged. and 40% of kyiv is without power this morning. ben wedeman is on the ground.

and i know another barrage was expected during the holidays and this is appearing to be what he was warning about. >> reporter: yes, it certainly does. and this was a nationwide barrage with missiles fired not only from russia, but also from russian warships in the black sea. now we're at one of the locations, i'm going to step out of the way, where debris fell from the 16 missiles fired in the direction of kyiv according to the mayor of kyiv. all of those missiles were intercepted but what happened was that debris fell to the ground at this particular location where you see they're already trying to clear up. a 14-year-old girl was caught stuck under the rubble as a result of the falling debris. we spoke with her grandmother who wasn't on location but the girl was still in the rubble and called her grandmother on her cell phone hysterical, and

desperate for help. nearby inside of the house her mother was also injured and she is currently in surgery, we understand in a difficult state. a man nearby was also injured. also not far from here in another location, another house was hit by falling debris. inside that house there were two men, an elderly father and his adult son. miraculously, they escaped just with scratches. but as a result of falling debris, their car exploded, all of the windows in the house in the area were shattered, walled had crumbled to the ground. now, 40 m%, as you mentioned, o the electricity here in kyiv has been knocked out and in lviv in the western part of the country, 90% of the electricity is out as a result of this strikes in kharkiv in the east, and ukraine's second largest city,

four russian missiles did manage to hit targets, describing as critical energy infrastructure. and this seems to be the pattern of this current wave of russian attacks that they're focusing yesterday again on the infrastructure. after having failed on the battlefield, to defeat the ukrainian and losing more ground as time goes by. it appears they're shifting this their fire power to destroy there country's ability to function. kaitlan. >> and ben, it is remarkable to see the scene behind you. so many people cleaning up the debris and working on this and in the hours just after this massive attack was carried out. how do you calculate, when they go out to rescue people like that 14-year-old girl stuck in the debris without ricking their own lives? >> reporter: well, it is a very big city. more than 4 million people. and in the grand scale of

things, actually the day has ended, we understand with no fatalities, some casualties, and therefore i think at the end of the day people will say well we emerged luckily from this russia barrage relatively unharmed. so these are people obviously, this war is ten months old. they're well practiced in this sort of rescue and clean-up operation and they're going about it in a very short of deliberate and practical manner. so in a sense, after 10 months, they know exactly what they're doing. kaitlan. >> it is become business as usual. ben wedeman, thank you for that reporting. now to the southern border and the ongoing migrant crisis. border patrol is building a temporary processing center in el paso, texas, that could handle about a thousand migrants a day. that is less than what we have seen in terms of crossings.

as the city struggles with the huge influx of asylum-seekers. title 42 allowing the u.s. to quickly expel migrants remains in place for now. rosa flores joins us from el paso. you've been witnessing this firsthand and speaking to migrants day and night. as i understand it, even that number, a thousand migrants a day, is fewer than the influx that el paso is dealing with. >> reporter: you know, your absolutely right. and we've seen the federal government do this before during prior surges. for example in 2014, 2019, the epicenter of the surge was in the rio grand valley there south texas and then the federal government beefed up the infrastructure there. there is a tent facility similar to the one we're seeing here in el paso built there. now we're seeing this again and during this surge the entry and the flow of migrants is in

essence moved to areas like del rio and here like el paso. and so this is what the federal government usually does, they react to where the big flow of migrants are. and they build up tent facilities, these are processing facilities that are air-conditioned inside when it is hot or they have a heating system. but they look like giant tents. and you're absolutely right, poppy, this one in particular, will have the capacity of about a thousand and expected to be operational next month. now will that be enough? we'll see. what the federal government is doing is what they call de compression flights and that means whenever there is a large group of migrants in one area, sc for example, here in el paso, they'll bus them to other areas along the border that have capacities to be processed in those areas.

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congressman-elect george santos is facing scrutiny over his finances. federal prosecutors in new york are looking into his claims about his money and including loans totaling more than $700,000 that he made to his own campaign and as he comes under federal and local investigations, new findings from cnn's k-file also show that george santos claims he was forced to leave a new york city private school but they have no

proof of him attending. and there was no record of him working or attending a conference. he also claimed that his mother's family's historical jewish name and also later appeared to operate a fundraiser using that alias. he also said his mom immigrated from belgium even though she was born in brazil. so let's bring in our cnn legal analyst and defense attorney joey jackson. >> wow. >> beyond the political fileout. can we say wow what the k-file has found out about this. >> what is amazing. we're at this. this is being discussed now. there is a vetting process when you run, you mention the moel i political implication and this is would have been something the voters would have taken into consideration. i think now at this stage, they are right, they being the

federal government, the u.s. attorney's office and the eastern district, i'm hearing rumbling about the nassau county district attorney to conduct these investigations. the reality is, though, people are asking questions about will he be seated. the constitution answered that question 50 years ago. he has to be seated. there was another case where they tried not to seat him. you could be expelled with two-thirds of congress, yes. but if this leads to something more with his financial disclosures and what he did in terms of lying for applications for loans and how taxes were filed, he'll have a lot bigger problems than being seated to congress. >> and the k-file reporting that he did break the law in brazil. when it comes to writing phony checks. now that the nassau county,

which is long island d.a. is looking at this. what would you be looking at when you are the d.a. >> when you file the money, that is when you get into the intel. when you file information on public disclosures, remember he ran in 2020, what did you list? >> none of his clients were listed. he said he connected investors with big banks and there is a law that if you do that, anything over 5 $5,000 has to b disclosed. none of it was disclosed. >> that is problematic. that is a fabrication. so a lie. so to the extent that you lied on any public records or documents, there is an indication that year swearing to the truth of any affirmations that you're making in a document. i think they're going to look for that. and think they're going to s subpoena financial information and did he apply for loans and

was there any misinterpreted there or falsified on his taxes so i think all of the financial records will be scrutinized and if anything is false, then he'll have to answer to that. that becomes the problem. >> and you're right that he'll be seated and it seems unlikely in a two-thirds will expel him or kevin mccarthy who is quiet on this will push back in a significant way. but he'll face a lot of questions when he goes to capitol hill and there is a lot of reporters everywhere. >> there should be questions. when you hood-wink the voters, it is a reality. you have a right to defend your record as you to why you should be the electedp representative but when this is a lie down to the school you went to, the boarding school and you couldn't ain order it and my parents had to leave before graduation. i represented goldman sachs at a conference, citigroup, i was a

big part of. and what else. you could lie about whatever you want in the public square. it is another matter bringing it back -- >> you can't lie to the government. >> exactly. to th to the actual investigation. if you're lying to the fbi or lying on forms. so i think we'll end where i started which is he may have much larger problems than being seated in congress to the extent that any misrepresentations on earth that would indicate that it is a crime. >> and k file asked lhim for responses on all of these questions and he didn't respond as all. >> joey jacks, thank you for your analysis. >> thank you. sure. southwest holiday meltdown is prompting investigation news whether the airline violates its own legally required customer service plan. elaine chao will be with cnn next.

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another southwest airlines executive is apologizing this morning as the mass cancellations stretch into the eighth day. southwest is canceled at least 2300 flights today as the fallout is continuing after the airline canceled thousands of flights over the holiday season at last minute. as they are facing congressional scrutiny, southwest executives are now vowing to make amends with travelers. >> my personal apology is the first step of making things right after many plans changed and experiences fell short of your expectations of us.

we're finning to work to make this up to you and you'll hear more about that soon. >> for a perspective on this is joining us now is elaine chao, the former labor secretary under george w. bush. good morning and thank you for joining us on this. i wonder how southwest could make this right? >> it is going to take them a very long time. what a nightmare. what a mess. they would wish that this would have never ha have happened. and we have passengers now who had their holidays ruin and still stranded out there, they can't find their luggage. it is a complete nightmare. it is a perfect storm of all of things that have been going on with the company. but the saddest thing is this company used to be a paragon in the airline industry. they had the best computer reservation system and trying to set up a personal relationship with the passenger bypassing all

of the other reservation sites. they used to have best labor relations with their pilots and their flight attendants and it was known as a -- you know as a kind of a cool, really kind of a with it airline that had great labor relations. and all of this now has been put into question. and i know that the company itself must be so concerned about reviewing its own operations. and i'm not talking about even external operations, but they themselves know that they've got to do a deep dive into their own operations so see whether the point to point destination business model is good and whether they need -- how much faster, what do they need to do so shore up and revamp their whole computer crew assignment system. so, they know that they've got a lot of work to do to bring back

and to bauild back the loyalty and the trust that they used to have with the traveling public and think this going to go on for a long time. the thing that also needs to be pointed out, this is a new management team. this is a new leadership team. and the current ceo came on board with the rest of about february of this year, even though they've been veteraned of the company for a lock time. it is a different when you're in the top seat and the whole new management team is different. and secondly, they've got labor negotiations going on as well with certain swaths of their work force. so that also, you are seeing that played out in the comments discussed. having said that, they have a lot of rebuilding to do and they're going to be under the scrutiny of regulators, of the administration, they have a lot on their plate. but most important the immediate goal should be that they've got to do something to help those

who are still stranded. and one of the things that they need to do -- yeah. >> we're seeing an apology. >> they need to get those reimbursemented processed and repaid quickly. if they don't do that quickly, that is another burden and another barrier that they'll have to face in rebuilding that trust. >> which is something that we've heard from a lot of passengers that have been speaking with. i i want to get to the apology. but when you say the point to point reference, they have a point to point system where they don't return planes to major hubs like other airlines go back to a central hub, is this something southwest needs to change to fix this? >> it is up to them. but that is been a great system for them. that is enabled them to be nimble and to be quick and to be more efficient. but in light of what has happened, i think they've got to

look at everything. and i'm sure they are. because this has been a failing of just unbelievable dimensions and it is still occurring. they may extend cancellations beyond thursday. beyond today. there are still passengers who are stranded who are not reunited with luggage who have been living for -- in the same clothing for last four or five days. that has got to be the first priority and i'm sure it is. it is just not that simple. >> on the baggage front, this struck me from the latest apology from another southwest executive. listen to what ryan green said this morning. >> if you're stilt waiting on a bag, you could submit information on how to receive that bag at no cost to you. you could submit a full refund request for any canceled flights and if you have any travel expenses due to the disruption, you could submit those receipts directly on our website. >> do you think that is sufficient to say you could get your bag back sat no cost to

you? >> i think it is the minimum of what what they should be doing. they need to be reunited passengers with their luggage. because with the problem, they knew where the -- they knew where the airlines were and where the crews were but they could not combine the true and match then um and that is a real problem. and now with so many luggages strewn across airports across the country, it is a massive unt undertaking. if i were a passenger,ib would keep track of all of your expenses, keep track of the -- of the flight situation, keep on top of how southwest airlines is responding to all of this. but i would also look at the alternatives as well. there are other airlines and i hate to say that but there are other airlines that have capped their fares and at this point,

if you're able to kind of stay put for a while, do so. but if you have to go someplace, i think it is -- it's time to look for some other alternatives, unfortunately. but i think going forward, there is a lot that southwest airlines has to do and they know that. >> and we'll be watching it very closely. i'm glad you're joining us this morning and i want to ask you about something that happened overnight with your former boss as you were noted with you were the transportation secretary while he was on office and overnight he revived a racist nickname that he used for you. and you're probably one of the most reliable members of hi cabinet and one of the longest serv serving. i want to give you the chance do respond to the former nickname that the former boss is using for you. >> i think it is helpful if the media is not repeating the

tweet. but the media continuously repeats his racist taunt. and so he's trying to get a rise out of us. he said all sorts of outrageous things and i don't make a point of answering any of one of them. >> and i made a point of not saying it there. and since the last time you met with us, you sat down with the committee and they released your transcript in recent days and they believed that the committee members none of the events of the day would have happened without him, meaning the former president. you resigned in the days after that and you referenced it in your resignation letter. >> i was the first one in the cabinet, the first one in the cabinet to do so. and i also said in my testimony -- well i gave my testimony as requested. and i had said in answer to a question that i wish that the former president had acted

differently. >> is there anything you would like to say about the takeaways from the report, what happened that day wouldn't have gone down if the former president had not done what he did? >> well i said what i said. i wish that the former president has acted differently. >> secretary elaine chao, thank you for joining us this morning on the important southwest issues and weighing in on the recent events. we appreciate your time. >> thank you. that was such a powerful and eye eye-opening interview. on southwest and on per responses to the former president. >> and she has a lot of perspective. she was the transportation secretary for so long and you see the role that pete buttigieg is playing in that now. but also the relationship that former cabinet secretaries who served under trump, she was there almost all four years. she was the first to resign over what happened on january 6. >> great interview. next we'll take you to buffalo,

the death toll has risen again. the mayor is being criticized for the recovery. listen to this. >> mayor is not going to be happy about it but storm after storm ever storm, the city unfortunately is last one to be opened and that shouldn't be the case. >> the mayor of buffalo, byron brown will join us next to respond. i'm a vegas hotel. i know what you're thinking. it's cool, i don't want anything long term either. just a few nights of fun.

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well this morning the driving ban has been lifted in buffalo.

reopening after that deadly blizzard that brought more than 50 inches of snow. the storm blamed not at least 37 deaths. miguel marquez spoke with the daughter of one of the victims, monique alexander. >> her grandkids were waiting for her to come home. we were waiting for her to come home. i knew something was wrong right away, though. so, i kind of accepted it instantly. but it is hard knowing that she was outside for so long, too. >> and monique alexander was only 52 years old. the mayor of buffalo byron brown joins us on the phone. thank you for joining us. let's begin with how your city is faring this morning and your level of concern about a real flooding risk because of the elevates temperatures coming. >> we continue to dig out and open up the city. made a lot of progress.

we have 100% pass through every street in the city of buffalo. our mains are 100% open and our secondaries are each with one pass. and as it warms up toward the end of the week, reaching it 50 degrees, we expect that there will be some flooding. we've seen these patterns before after storms. at the height of blizzard we went from minus 22 degrees below zero with the windchill, and later this week we're going to be at about 50 degrees. so, there will be flooding. >> mayor, you have seen and heard the criticism of your office's handling this storm. the eerie county commissiony mak pollancars has said this, listen. >> just don't want to see this any more.

i'm sick of it. i'm a city resident myself. i live in the city of buffalo. and it pains me to see the other 25 towns and two small cities opened and in times when the city isn't. and i know the mayor is probably not thrilled to hear it. i don't care any more. i want it done. >> mayor, are you satisfied with your personal and your office's response to this deadly storm since last thursday? >> um, i'm not going to pay attention to that. my focus is on the people of buffalo. my focus is on making sure that people have the medical emergency services that they need. making sure that every home that was without power has the power restored. and making sure that streets that were pummelled with snow and record wind gusts are open so that people can begin to

resume their normal daily lives. that is my focus. i'm not going to focus on the pressure that people feel in challenging situations. i'm going to focus on moving the city forward. >> but, mayor, that is not what he said. why are you not going to focus on what of wur resident as and the man that is the commissioner of the county to step in where he believes your office has nailed. >> well actually he's county executive. he's wrong. people have been operated since friday working around the clock on little sleep. and i'm not going to focus on negativity. i'm going to focus on positivity and working together. that is what the residents demand of us. >> except, mayor, we learned -- we learned from mistakes and failures and the county executive mark pollancars has admitted that the travel ban

shut have been put in place sooner than just minutes before the 79 mile-per-hour winds came in. so my question to you is how do you learn from this. people are dead this morning. do you feed to do things differently going forward for next form. >> it is horrific. 28 members of our community dead in the city of buffalo. this is the third storm in buffalo in less than two months. the second historic storm in less than two months. after every storm, we do an evaluation, we did an evaluation after the last historic storm. just less than two months ago. and did things differently. we will continue to improve. we'll continue to work to do better. but hist irics from leaders is

not what the public is looking for. >> you talk about doing things differently from the previous thunderstorm. rach he'd wyatt said there are in changes. we have to learn some lessons from what happened. there are things that could have been done better. you say you changed things. what do you change? >> we did a whole evaluation and plan after the november storm that was submitted to every member of the council that -- >> what did it include? what was changed? >> it included working with the state earlier, it included bringing in private contractors to supplement the plows that the city had, it included requesting mutual aid earlier, all of those things were done in this storm. yesterday, we had over 450

pieces of equipment, city, county, state, equipment from municipalities in the region across the state, and even as far as new jersey. this was a historic storm. bufrl was ground zero for the storm. the impacts and in the city of buffalo were greater than anyplace else in the region. >> mayor, i do want to end with something amazing we've been seeing this week and that is the response from many of the people in buffalo. yesterday on this program, we high lyled the work of two amazing women, shakira autry, who saved the life of a man named joey white, she joined us and here is what she shed about rescuing him from a snow bank. listen. >> we >> we just immediately brought him in like family. i would do it 100 more times no

matter what the situation was. i'm glad i had power, food, heat. i'm so thankful i was able to give back and actually pay it forward. >> what is your reaction to these remarkable forces of good that we've also seen in the middle of this? >> she's absolutely amazing. so many people of buffalo are like that. they go the extra mile. they look out for each other, people that have never met doing the extraordinary things for their neighbors. that's why this community is known as the city of good neighbors, and there are literally hundreds of examples of people doing amazing things during this historic blizzard of 2022. >> mayor byron brown, we wish you and everyone there luck. thank you for your time this morning. >> thank you, poppy. the labor department just released the new weekly jobless

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just in to cnn, the labor department released fresh data on new jobless claims. joining us to break it all down is cnn reporter matt egan. what did we see in this report? >> i'm here with more

encouraging news. >> you're the good news guy. >> lately. these numbers show this jobs market is historically strong, up by 9,000. that's what was expected. historically low level, almost where claims were a year ago long before the recession fears popped up. it's well shy of the level that would be alarming to economists. that's despite the fact that weave heard of a wave of lay-offs in tech and media, amc, twitter, doordash, amazon, meta, all announcing big lay-offs. the fact that claims are still low, it's that a lot of other companies are reluctant to let go of the workers they have right now. if i owned a business, i wouldn't want to let go of workers because there's a worker shortage right now. >> okay. but the market, not a great end. >> no, not a great end to a really bad year. u.s. markets are on track for their worst year since 2008.

the nasdaq actually just closed yesterday at its lowest level since july 2020. there's been some crazy losses of market value for some of the major companies that we know, apple, amazon, alphabet. all of them down by more than $800 billion so far this year. that's how much market value they lost. don't look at your 401(k)s. you won't be happy with what you see. >> i never do. i know i should. >> you shouldn't look at it too much and shouldn't react to it. we should remind people the stock market, of course, is not the economy. i do think this is painful for main street because a lot of us do have money in the market, whether it's the 401(k). i'm a parent. i'm saving money for my kids to go to college. >> 529. >> that's right. this market drop this year made it harder to save that money. it is concerning. we're in a weird place where good news is treated like bad

news and bad news is treated as bad news. good news is a sign that the fed has to do more to cool off inflation. bad news is not good because it's seen as a sign of a recession. hopefully markets bounce back early next year. >> it will be fascinating to see what actually happens. >> new year. try again. thank you, matt. >> thanks, guys. also, a programming note before we go. anderson and andy are back for another global celebration. join them new year's eve saturday 8:00 p.m. eastern. don will join them hosting from new orleans. thank you for being with us. we will be here tomorrow, maybe in something sparkly. >> bring your resolution. >> great. i will bring my resolution. "newsroom" is now. thanks so much guys.