tv CNN This Morning CNN December 30, 2022 3:00am-4:00am PST
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first it 10-win season beating oklahoma in the cheese-it bowl. defensive end jared burst sacking sooners. making it look cheesy. best part, coach mike norvell getting a cooler full of cheez-its dumped on his head. doesn't get much ched jardar th that. you have the duke's mayo bowl where the winning coach, yes, you guessed it, gets doused with mayo. is that the worst or the best condiment out there? >> it's in the middle but i'll tell you, it's good for we went to the mayo bowl and moved on. >> i love thinking that you have put mayo in your hair to spruce
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it up. >> you got to do what you got to do. thank you. and thank you at home for joining us. i'm whitney wild, christine romans coming back on monday. "cnn this morning" starts right now. ♪ good morning, everyone. it is friday, december 30th, don is off today. recovery, though is in sight. we'll see. i think a lot of people will be skeptical, but that is what southwest airlines is saying this morning as they hope to resume regular service today with, quote, minimal disruptions. and airports are still trying to figure out what to do with the piles of unclaimed luggage. we're live at chicago's midway international airport. and vladimir putin and xi
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jinping holding a meeting. also the house january 6th committee releasing a new batch of transcripts and what we're learning about texts involving donald trump jr. and lindsey graham. a new claim from congressman-elect george santos is putting his own mother's death into question. that's right. this morning we start with southwest airlines saying it is resuming a full schedule after a meltdown led to mass cancellations. currently flight aware shows 39 southwest cancellations for today compared to the thousands we've seen the last few days. transportation secretary pete buttigieg called it unacceptable and laid out how to fix this. >> the airline said to me they were going to go above and beyond what's required of them. i'm looking to make sure they actually do that.
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i'm in a position to levy tens of thousands of dollars per violation, per passenger in fines. i can't go in and fix an i.t. system for an individual airline that is failing to do its job. but as a watchdog our department is going to do everything it takes to hold them accountable for their treatment of their passengers. >> adrienne broaddus is live at chicago's midway international airport. what are you seeing this morning? >> reporter: something i haven't seen all week. i don't see any cancellations on this flight information board. so this could be a sign right over here that things are starting to return to normal. for example, this says boarding on time, on time. boarding. boarding. and just moments ago we saw a sign here that said departing. and it looks like that flight has taken off. at least, based on the information here. over here we also see people at the bag drop section. we hadn't seen that earlier this week. you know where we saw those
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bags? piled up downstairs in the baggage claim area. and as you heard from the department of transportation, they are vowing to take stiff steps. for example, the department of transportation has already taken steps to increase the standard of customer service but secretary pete buttigieg saying he can't fix the i.t. system for the airline but they will do everything it takes to hold southwest accountable for their treatment of their passengers this morning as passengers prepare to head for their final destination, we have seen smiles, that's after nearly 15,000 canceled flights -- i guess i'm excited this morning because we've seen so much sadness this week, people stranded here at the airport and now it looks like they may be getting out. as far as those other passengers who were not able to find their luggage, southwest is vowing to
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reimburse for canceled flights and what they called reasonable expenses. they've set up a form online where travelers can take care of that. kaitlan. >> we can tell, it's amazing to see what the scene looks like behind you compared to days ago. people want to know what the reasonable definition is for southwest. we'll check in on that. thank you. this morning russian president vladimir putin extending an invitation to chinese leader xi jinping to visit moscow in the spring as the two leaders met on video link. putin called the relations between the two countries the best in history. xi said he is ready to, quote, increase political cooperation with russia. the timing of the conversation comes hours, of course, after russia has bombarded ukraine with dozens of missile strikes that have been crippling to their energy structure. ben wedeman joins us live from
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ukraine. good morning to you. give us a sense of where you are this ukraine and what this could potentially mean, an even tighter relationship for china with russia's war on ukraine? >> reporter: poppy we're in bucha, whereby all accounts, serious russian war crimes were committed. in terms of continuing the closer relationship between china and russia, it's a problematic one, given that china depends so much on its extensive trade with europe, the united states, and the west in general. so the chinese are walking a fine line. certainly the russians would like to have even better relations with the chinese, in terms of the provision of its advanced weaponry, given they've expended a lot of theirs in this so-far failed invasion of ukraine. but the chinese are hesitant for
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the reasons i mentioned already. but president putin, in this video call, said he was looking for closer military-to-military relations between the two countries. certainly for the chinese it's questionable given the performance of russian military equipment and the russian military, what they would actually get out of that better relationship. poppy? >> that's a key question but also really concerning, potential powerful relationship. thank you for that reporting, ben. the house january 6th committee has released a new batch of transcripts, including the interview with donald trump jr., they provide new context to a text message he sent laying out various ideas for how to keep his father in power. cnn's caitlyn polantz joins me now. this one stands out the most.
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donald trump jr. was there on january 6th as his father gave that speech on the ellipse before the attack actually happened. what did you learn from the transcripts? >> we know what happened after the election. we know that donald trump jr. was texting people like mark meadows about this plan to use the states and fake electors to try to overturn the election. but now we're learning his perspective about why he did what he did. there was several questions that he didn't recall answers to. he didn't give answers about the planning of the riot, the money he was paid to speak there. but in one of these transcripts, he did talk about why he sent a text to mark meadows on november 5th, the white house chief of staff, about this plan. and he said he sent that because that plan to him sounded plausible and at the time, the idea was sophisticated to him. that is very much in line with some other information we learned from a different transcript, a transcript of christina bob, a lawyer for
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donald trump, she too was giving insight about why people were doing what they were doing. and after the election, she remembered that senator lindsey graham was in a meeting with meadows as well. and basically told meadows, just give me five dead voters, give me examples of illegal votes. give me a small snapshot that i can take and champion. so graham, that senator, he got a memo from the trump campaign team. he didn't find it plausible, didn't do anything with it but he too was one of these people who was very receptive to the idea of what donald trump wanted to do after the election. we're seeing that perspective now in these transcripts. >> and also the calls that graham was supposed to have with pence the day before january 6th. we also saw grisham, the former first lady chief of staff to first lady melania trump.
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did anything come from her t transcript? >> reporter: she was an aide to melania trump and witness to a few juicy conversations. the first lady at the told, she told the house select committee that she was saying how much melania didn't trust a lot of people. at times she was not even trusting donald trump jr. and his fiancee. didn't believe they may be acting in the best interest of her husband, the president, donald trump. she also said -- stephanie grisham would say i think they're giving him bad advice, i don't think it's smart, that was about rudy giuliani and sidney powell. >> that is fascinating to see the insight of someone who worked closely with melania trump to see what she was thinking that day. thank you for those highlights from the transcripts.
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fresh scrutiny this morning, seems to be every morning, for republican newly elected congressman george santos. he is now facing questions about comments he made about his mother being at the world trade center on 9/11 and what role the terrorist attacks may have played in his death. prosecutors are already looking at his finances. now new analysis from "the new york times" showing he spent $14,000 on car services, 40 grand on hotels. another gop representative elect from new york spent roughly $900 on hotel stays, 900 on taxis during his campaign. we're joined from washington and that comparison sunland is important because it shows how out of the norm spending like that is that santos did. >> reporter: that's right, poppy. there are big questions over his
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financials and also big questions about claims he made about his background, as you know. specifically here we're talking very sensitive questions on a very sensitive subject, as you referenced, over his mother's death. santos claimed multiple times in the past that his mother was at the world trade center on 9/11 and said that plays a role in her death. he says very clearly here that 9/11 claimed my mother's life. his mother died 15 years after the terror attacks, in 2016. santos has said she was in the south tower, that she made it out. he said that she was caught up in an ash cloud and fought cancer until her death. many first responders and survivors went on to develop health conditions after the attack. santos said his mother did not sign up to get financial relief because she did not want to take away money from the first responders. it's not clear if his mother was actually in the world trade
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center as he claimed. he previously claimed his mother was a financial executive but that description has been removed from his website and we have of course asked santos and his representatives for more information on this, but they have not clarified or provided any more. certainly a lot of questions not only about his mother's death but the financial questions being raised this morning. >> so many questions. and this one again just like his claim about employees killed at the pulse nightclub shooting center on american tragedies and the facts are very important. thank you. >> thanks. all right. also this morning republican leader kevin mccarthy is working the phones today, literally, in hopes of locking in more support for next week's vote for house speaker. it's happening on tuesday, in a matter of tays from now. cnn learn haed he's scheduled a conference call for now. melanie is live on capitol hill. what are we learning about -- i
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know there's a lot of negotiations happening behind the scenes as kevin mccarthy is trying to get to the votes. some members want rule changes. what are they debating over behind the scenes? >> reporter: the debate is the over the motion to vacate. currently the majority of the entire conference has to agree to use that tool. but mccarthy's critics want to make it so any floor member can force a floor vote. however, as he has struggled to lockdown the speaker votes here, i'm told in private conversations this week, he made an offer to his critics he's willing to agree to a lower threshold than what it is. one of the numbers that's come up in conversations is a five-person threshold so potentially a big concession from mccarthy here. but time is running out and it's unclear if that gets him enough votes for speaker. >> the five-person threshold would be notable.
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we talked to fred upton and he said he does not believe that mccarthy should agree to these terms. he only has a few days left to really get the votes that he needs. it's not clear that there's any alternative to him, i should say. we haven't seen anyone able to garner support. so as of friday, december 30th, before we hit tuesday where is it headed? >> i think we'll learn a lot later this afternoon. there is a conference call that mccarthy has convened. i suspect that motion to vacate, that tool, that will come up. mccarthy is going to try to find a sweet spot that will appease enough of his critics to allow them to vote for him without alienating the moderates in his party. but january 3rd is fast approaching. the members aren't here right now so that makes it more difficult for mccarthy to round up the votes. so it's possible that we could see this thing go to multiple ballots for the first time since 1923. >> we'll be watching closely.
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thank you. a colossal intelligence failure. that's what law enforcement officials told the january 6th committee about what happened in the leadup and the immediate response to the capitol attack. also why the cdc is raising concerns about new covid variants developing in china. one role of a lifetime... one sore throat. but she had enough. she took mucinex instasoothe sore throat lozenges. show your sore throat who's s boss. mucinex instasoothe. works in seconds, lasts for hours.
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the january 6th committee has released another batch of witness transcripts involving some of those closest to former president trump, including his son, donald trump jr. who thought he had a sophisticated and plausible plan to overturn the 2020 election. also a former trump attorney christina bob. who recalled a meeting with senator lindsey graham in which she recalled granham saying giv me five dead voters, give me, you know, an example of illegals voting. just give me a small snapshot that i can take and champion. with us now for perspective on this is the former deputy director of the fbi, andrew mccabe. when you look at the transcripts
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and you see what was recounted that lindsey graham was saying, he was looking for the smallest example of fraud to use that and sell that to people to back up what donald trump was saying to people publically. >> it's fascinating, because it shows you the length that these trump surrogates were willing to go to to try to perpetuate this fraud, essentially, that there had been a massive, impactful, you know, irregularities, with the election. graham comes out and says give me a thread, throw me a lifeline, give me an example and i will go out and champion that as evidence that the entire election should be thrown out. now i guess to his credit, ms. bob also says he never actually did anything with the memo they sent him, which you know, i guess we can only assume that he looked at it and thought even from his perspective that seemed
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p preposterous. >> can you speak to donald trump jr. sending mark meadows the text message two days after the election asking for a, quote, plan to keep his father in office, explaining that saying i think it was the most sophisticated and plausible ways. and testifying that lindsey graham was there as well saying give me five dead voters or examples of illegal voting. those are interesting but i'm interested in how doj would actually use those in their investigation. >> sure. so let's take don junior as an example. after going through his entire transcript i found his answers to be not very persuasive. he seems to be deliberately vague in a number of points, he's very -- claims to have no recollection of many events that you would likely remember something about. and i'll give you the best example, that text you raise.
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so don junior first tells the investigators that he -- they ask, do you put out your own tweets. he says, yes, oftentimes. what that means i have no idea. they didn't ask him if anyone else had access to his account. he then goes on to say he often sends out tweets other people send him. so he identifies that tweet, the two-part plan tweet, as he maybe saw it somewhere else and forwarded it to meadows. that's inconsistent with what the tweet says, he endorses the two-part plan as the most sensible and logical thing he's seen about how to address the election problem. so his actual statements and his actions at the time are not consistent with his answers. that opens a door for doj, because all -- as you know, this testimony was given under oath, there may be inconsistencies between his testimony and what he did or said. and investigators will use those
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inconsistencies as leverage to maybe force someone to be more revealing or cooperative with their investigation. >> that's why the doj wanted these transcripts. they didn't get them until now they're becoming public. they're seeing them when you and i and poppy are seeing them for the first time. when the january 6th committee, they didn't talk about law enforcement security aspect that day and what went wrong there. a lot of people said they didn't go far enough into it. you think that had to do with the testimony they got from the former fbi deputy director. >> i think that criticism of the committee is valid. i think the former deputy, his testimony shows you why the january 6th committee was not well positioned to do a legitimate review of institutional performance failure, particularly in the intelligence community with elements like the fbi and dhs. so in his testimony, it's not very detailed.
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his recollection is not very good. he doesn't actually exhibit a great knowledge of fbi policies and standards for opening cases, things of that nature. that's basically as far as they can go in that one on one interview format. what they should have done is sent a team into the fbi to review raw source reporting, to review internal documents about internal decisions, to get an assessment of the climate as to how people were thinking about their responsibility with respect to january 6th. none of that was done. and it doesn't -- we don't have any indication that the fbi is actually pursuing a legitimate review like that. my concern is the failures at the fbi and dhs, and other agencies, that ultimately helped enable or lead to the january 6th attack, we have no indication those failures are being fixed. >> let's talk about some of those failures on the intelligence front because included in these transcripts are two key quotes. let's start first with this one from the former chief of capitol
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police steven son who told investigators i'd say that colossal intelligence failures is an agency in planning. and then major general walker, commander of the d.c. guard said response was delayed because of the optics of the army's involvement. he said, quote, somebody or somebodies were willfully deliberating delaying making the decision. he said i think it would be a different response if those were african americans trying to breach the capitol. >> that is a very powerful allegation or suspicion and it's one that might, in fact, be valid. the problem is we don't have enough legitimate investigation here to back up or draw conclusions along those lines. but i think those are two perfect examples of some of the many intelligence failures that created the situation where january 6th could basically occur. again, look at the fbi. they initially said they knew
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nothing about the plans of violence and the people coming. and then over time we've had things dribble out, oh, in fact, they did receive a significant amount of information from the social media companies about concerning traffic and conversations taking place on their forums. and so, when you add up all the things that we now know they knew, the question is how did they handle that information? what did they do with it? how did they communicate it with others? and what decisions did they make to take or not take precautions for violence on that day? i have to tell you, this is the thing that causes me the most loss of sleep these days. i don't think there's any indication that we're looking at that in a legitimate way and tha changing the way things are done in these institutions to be better the next time a threat comes down the pike because i guarantee you it will happen again. >> you don't think we're learning from it? >> i do not.
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there's no public indication we're doing the work. maybe they are behind the scenes and not telling us about it, but i doubt that. let's hear that from them. >> scary thought and reality, actually. andy mccabe, thank you very much. next we'll take you live to brazil. the country, really the world, is in mourning this morning, mourning the death of the soccer legend pele. an urgent plea from italy to the european union. they want to test passengers for covid coming from china. we'll talk about the response this morning. ♪ ♪ a bunch of dead guys made up work, way back when. ♪ ♪ it's our turn now we'll make it up again. ♪ ♪ we'll build freelance teams ♪
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welcome back to "cnn this morning." coming up for us, what is driving health experts real concerns this morning that new co covid variants could be developing in china. also we'll look at the factors inside of southwest's meltdown. plus tips to fix your personal finances in the new year. tributes are pouring in for
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the global face of soccer, pele lost his battle with cancer yesterday at the age of 82. brazil is observing a three day period of national mourning leading up to his funeral next week. he played in four world cups only player in history to win three of them. but his legacy is far beyond his trophy haul and goal scoring record. this is just -- it's hard to really overstate his legacy. he was just the global face of soccer. >> reporter: he was, kaitlan. and he was so much more than a soccer player, so much more than an athlete. he transcended sport, he was a towering figure in brazil. a founding father of brazilian identity. the first example the country had of excellency.
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he showed all brazilians what we could strive to be and the recognition we could get. more than anything as a black man in the 1960s, think about that, the kind of example that he set to young, poor black children looking up to him as a role model and thinking this is what i could one day become. and that is his true legacy. that is the most valuable part of his legacy, is the reason why so many brazilians are so sad and are mourning his loss. >> he was such an inspiration. "the new york times" had a great quote about how, you know, how he could -- everyone could identify with him essentially. if you were poor, if you were rich, if you lived in brazil, if you weren't. he just had such a transcendent reach to so many people. >> reporter: he really did. and, you know, he loved being in the limelight. he loved being that person. he loved paying attention to all
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of his fans. he was truly a natural in that role and part of why he inspired so many people and why so many people came out to say his good-byes here at the hospital. it was so special, kaitlan, to have his family share the last few moments of his life. also being shared with the public. it was a very public display, a very intimate moment over the last month he's been here at hospital in san palo, one of the best hospitals in the country, we've been able to follow along and his family was able to dom from different parts of the country and abroad over the span of the last 30 days to spend the last few days with him in the hospital. and even watch his last world cup. even though brazil did not end up winning, we did see the kind of emotion and commotion that rawness that the sport can bring out in people. we saw the celebrations in argentina, right, that kind of
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emotion, that's what we expect to see here in brazil in the coming days culminating on monday morning. culminating with his wake in the stadium, a funeral fit for a king. >> thank you so much. up next we're going to talk about a new warning coming from the cdc this morning about diabetes and how it could affect and have a surge on young people. we are also live in south korea this morning as the country restricts travelers from china because of the latest covid surge there. all across the country, people are working hard to build a better future. so we're hard at work helping them achieve financial frfreedom. we're p proud to serve people everywhere, in investing for the retirement they envision.n. frfrom the plains to the coast, we help americans invest for their future. and help communities thrive.
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♪ welcome back to "cnn this morning." so italy is urging members of the european union to follow its lead and mandate covid testing for all passengers from china, this after half the passengers on two flights tested positive for the covid virus. but some countries are rejecting that recommendation, like germany and france, spain supports it. paula hancock joins us from seoul this morning, south korea. there's a ban there and china i understand is issuing a new response, is that right? >> reporter: that's right. we've had a couple of comments from chinese officials today and they are hitting back at the restrictions we see popping up around the world saying they are transparent with data, the nation health commission saying they're truthful, open, and
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transparent. the top epidemiologist in beijing saying there is no secrecy, pointing out they have been doing tracing and sequencing and they see they have nine strains of omicron, the same as is swirling around the world at this point and say they're sharing this information with the world health organization. it's not something that many countries, including the united states, necessarily adhere to, though, that necessarily believe there is enough transparency in the data coming out. we did hear from the global virus database that they have seen more tracing uploaded by china and as of now what is swirling around in china appears to be, from the information they have, the same variants that are around the world. poppy. >> can you speak to the level of concern among people in seoul given sort of this really surprising opening up of china and the amount of covid spread out of the country?
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>> reporter: if you take yourself back to february 2020, south korea was one of the first and hardest hit after china. so there is a lot of concern. in fact, the government put more restrictions in place just today. saying not only would they do the testing that many countries around the world, including the u.s., are signing up to but they've gone a step further, they said they'll stop issuing short term visas in their consulates in china until the end of january at least. so not only are they making sure that everyone who comes in from china is tested before and after arrival and effectively they're trying to stop some people from coming here. >> thank you. as we head into the new year, public health experts here are monitoring the global landscape for new covid variants. the concern is growing as cases have been surging in china. it has drastically eased those
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strict covid rules. there are no reports of a new variant to date -- variant of significant concern but china has long been accused of not being forthcoming about the virus. it was just a year ago the o omicron variant was taking off. let's talk about this with elizabeth cohen. what are officials watching for and how concerned are they about seeing another omicron or variant like that that's highly contagious that can develop in china, go to other countries, or wherever we can see it on the global landscape? >> here's the worry. the worry is that you have this very large population in china where they really tried to limit exposure for, you know, a very long time, they had a vaccination program but the vaccine they used there is of questionable efficacy. and then all of a sudden you lift those restrictions. so what happens? viruses love a population like this. they can go crazy in a
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population like this. they can multiply, multiply among people who haven't naturally been exposed to covid and that's when you get variants. is that naturally going to happen? are we going to get a variant out of this situation? who knows. the key is surveillance. we heard paula talking about it just now. let's take a look at the number of sequences that have been shared by three different countries. because the way this works is countries do their own surveillance and say we have this variant, that variant and we're going to post this on this public website everyone can see. the u.s. in the past six months has posted more than 576,000 sequences to say this is what we're seeing, world. the uk has mosted more than 123000. china has posted 412. and china is bigger than either of those two countries. so that's the concern, there's not enough surveillance and something could pop up and the world would not have enough
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warning. >> and in order to tweak a vaccine to address a new variant, you have to know there's a new variant, right? that's also part of it. i'm just interested, the u.s. now, the requirement is you test 48 hours before getting on a plane from china to come here, right? but what about what happens in those 48 hours and on the plane? >> right. so that's what's starting january 5th is all passengers from china, even if you're a u.s. citizen you have to have a negative pcr or antigen test and that has to be within two days before the departure. but it's not foolproof if you took the test two days before, the day before you get exposed and infected, that's a problem. infected on the plane, that's not going to be picked up. so what the cdc is doing at several airports in the u.s., they're saying when you land, will you come in and be sequenced. can we swap you to see if you
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have covid and if so, what variants you may have. it's voluntary, but that's the second step here. but you're right, this is not foolproof at all. >> voluntary. we'll see how many people want to do that. the cdc has said this morning on a topic that's really important, new research about the threat of diabetes to young people. something that i think a lot of young people don't think it's something they have to be worried about. but the cdc said this should be a wakeup call. what are they warning about? >> kaitlan, when you see the numbers you'll see what they're worrying about. the numbers are quite stunning. the cdc did a forecast looking at how many cases of diabetes they expect to see. let's go backward first, in 2017, there were 213,000 cases of diabetes, approximately, in the united states among people under the age of 20. what the forecast, the prognosis is, 526,000 in the year 2060
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that's a huge jump, driven by type two diabetes, not type one. and so the concern here is that things are going to get worse and, of course, when you have diabetes, you're more prone to complications from other diseases, such as heart disease and largely this is a concern about obesity in the united states because that, of course, makes you more vulnerable to type two diabetes. so the plan is that something needs to be done so these numbers don't come true, essentially. >> it comes up that news we were talking about earlier this week about ozempic, something used to treat now in short supply. thank you. this morning house democrats are set to release former president trump's income tax returns. also getting tips on how to reset your finances in the new year. if this is your new year's resolution. the editor and chief of investopedia.com is going to join us with tips.
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an umbrella? >> i'm afraid so. new york and l.a. and probably las vegas as well. you'll need some skis or snow shovels up in park city. but temperatures really are mild compared to what i've seen here across some of these areas for new year's eve. even 51 with rain showers in new york. take the poncho, you can't take an umbrella. l.a. we are going to see showers. good snow in the sierra and park city and aspen. could see 6 to 10 inches of knew snow for your sunday skiing. it's going to be wet and we're going to see the rain across parts of new york by saturday 6:00 it's raining and at midnight i think andy and anderson will be getting wet in new york. in l.a., by 10:00 at night your rain begins to taper off. a lot of rain, 1 to 2 inches of rain and probably 5 to 6 inches of snow in parts of the rockies. and 5 to 6 feet of snow in the sierra. but at least it's all blue and
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not white, which means we aren't going to see snow across parts of the northeast. it's been mild from buffalo to new york and into boston. rain showers and 50, that's better than a blizzard and 10 for new york city. >> yeah. i guess so. we'll see how the umbrellas fit in times square tomorrow night. >> i bet andy and anderson have factual raincoats. >> of course. >> silver like your awesome skirt. >> i'll lend it to them. chad meyers thank you for that update. >> thanks, chad. 2022 difficult year for many people for many reasons but especially on the economic front. inflation, rising interest rates, possible looming recession, but we have help from our next guest and key steps you can take to prepare your finances in the new year. happy to have caleb silver with us this morning. thank you. >> thank you. >> welcome back to the fam. >> good to be here. >> i think people think we talk about the price of eggs all the
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time, so expensive. >> that's all i heard about when i was home from christmas. >> we feel like we can't do anything and we're doomed with what's going on. but we're not. >> we're not, but inflation at a 40 year high, not easy for anyone, especially lower income folks. we'll have inflation this year, 2023, it's coming down a little bit we've had that and rising interest rates. new dynamic for people who haven't experienced this. investors a challenging year we're down about 20%, a bear market. we were down as much as 25%. taking a hit to people's 401(k)s, people who felt it across their own personal economies. >> one thing people do this time of year, making new year's resolutions, is kind of assess their finances and inventory and what that looks like. what are the top three things that people should be looking at, their new year's resolution is to get a better hold and grip on their economic finances? >> you have to take that inventory. we don't think you should do it
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once a year but you might as well do it now with your family. where is the money coming in from, going out, can you cancel some subscriptions, do you have enough cash reserves. maybe a recession coming our way since 2023, a lot of people feel like we've been in one since 2020, but you have to cancel the subscriptions you don't need. paying down high interest debt. >> i just did that. >> you have to reset yourself because it's going to be challenging. >> enough cash for a family with little kids like we have -- you have teenagers now, is different than someone who's single but what is enough cash on hand? what do you mean? >> we used to say three months of savings now we say six months potentially especially going into a year we may have a real economic downturn, unemployment rise so we like to see people holding more cash going into the year but the good news with the rising interest rates you're getting money from the bank.
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money out of cds, money market funds. >> certificates of deposits. >> boring is back. >> we hear brick and mortar is back. what else did we hear? ben smith said print is back. >> i'm here for it. i go to stores and i buy the newspaper all the time. >> when you say six months of savings what does that look like? all of the things you must pay each month and you have six months stock piled. >> in case you lose your job or some source of income or a family member loses it you want to have that money for emergency medical expenses but we have inflation hovering around a four-year high so prices are going to go up. but more importantly because interest rates are going to keep rising, pay down the high interest debt if you can, especially credit cards, aprs have gone up to 20%, the highest number on record for credit card aprs, and debt is about $9,000 per borrower.
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>> the terms people are looking up? >> people are looking up all kinds of things, the top ten, from poison pill, thank you elon musk -- >> poison pill? >> top term of the year. recession. hostile takeover. there's the list there. incredible terms, people looking up the federal funds rate. getting into the personal economy trying to understand not just inflation but core inflation. capitulation, when you throw in the towel. a fascinating list and 2023 is going to be fascinating as well. >> what's petro dollars? >> countries like ukraine and russia that deal in fossil fuels, petro dollars is really the oil economy and the countries that participate in it. people were looking it up when russia invaded ukraine, prices up to over $125 a barrel last year. >> you know what's not on there, bitcoin or crypto? >> that's interesting. >> the big question for 2023, is trust restored to
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cryptocurrency. we'll have to wait and see. anderson and andy are back for another global celebration. join them new year's eve live from times square here at 6:00 p.m. eastern. don will join them on the show as well, live from new orleans. this morning on the global front, ukrainian officials say they have shot down more than a dozen iranian made drones launched by russia. we have "the new york times" reporting on how the united states is stepping in. back when i had a working circulatory system, you had to give your right arm to find great talent. but with upwork, there's highly skilled talent from all over the globe right at your fingertips.. it's where businesses meet grereat remote talent and remote talent meets great opportunity. ♪ ♪ this is how we work now ♪
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(vo) after fifteen years of the share the love event, subaru and our retailers have donated over two hundred and fifty million dollars to charity. in fact, subaru is the largest corporate donor to the aspca... ...and the national park foundation. and the largest automotive donor to meals on wheels... ...and make-a-wish. get a new subaru during the share the love event and subaru and our retailers will donate three hundred dollars to charity. some people are going to be celebrating new year's eve tomorrow. but for the rest of us, it's a big weekend for college football as the college football playoff is finally upon us. i didn't know this was happening this year. i thought we postponed the whole thing. >> i wonder why. >> it was just like everyone go
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home we'll see you in the fall of 2023. coy? >> yeah. happy new year's eve eve to you. we talk a little football. the college football playoffs semifinal happening tomorrow without alabama. big 12 show down at 4:00, the michigan facing tcu. the wolverines looking for their first national title since 1997, a ground and pound power house averaging 240 yards per game rushing. going along with a top five brick wall defense that they have to stop quarterback max dunagan for tcu. prime time, the peach bowl, georgia, stetson bennett, and ohio state, cj stroud, the third in the nation with quarterback rating some of the best receivers to go out there. but georgia, they have 15 players taken in the nfl draft, including five defensive players in the first round and still rolling.
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