Skip to main content

tv   CNN Newsroom  CNN  February 21, 2023 11:00am-12:00pm PST

11:00 am
y back when. ♪ ♪ it's our turn now we'll make it up again. ♪ ♪ we'll build freelance teams with more agility. ♪ ♪ the old way of working is deader than me. ♪ ♪ we'll scale up, and we'll scale down ♪ ♪ before you're six feet underground. ♪ ♪ yes, this is how, this is how we work now. ♪ ♪ hi there, i'm victor blackwell. welcome to "cnn newsroom." >> and i'll bianna golodryga. president biden on tglobal stag in poland. vowing that ukraine will never be a victory for russia. the president spoke right on
11:01 am
ukraine ukraine's door step. he said ukraine is unvowed one year after russian president vladimir putin sent tanks and troops rolling across the border in a war that is still raging. >> one year ago, the world was bracing for the fall of kyiv. well, i just came from a visit to kyiv, and i can report kyiv stands strong. kyiv stands proud. it stands tall. and most important, it stands industry. >> two extraordinary scenes today of two very different leaders. president biden spoke just hours after his russian counterpart delivered his own address in moscow. during his peach, president putin blamed the u.s. for the war. he also announced he's suspended russia's participation in the new s.t.a.r.t. arms control treaty. cnn white house correspondent phil mattingly is in warsaw, poland. phil, president biden said the
11:02 am
russian invasion was beyond ukraine. it tested freedoms and democracies everywhere. and says if there's one wore that stops these autocracies, that word is no. >> reporter: that's exactly right. this was a speech that w elevat the fight and elevate what is the struggle over the last year. as the president laid out, the western alliance has been remarkably durable, remarkably steadfast and absolutely essential to ukraine's ability to still be standing at this moment in time. and yet it's very clear, as the president laid out, not over and there's going to be struggles ahead. but that is why, according to the president, he made so clear that the u.s. support is unequ unequivocal. and most importantly, the stakes of the actual fight itself are so much bigger than just ukraine and russia. or russia and the united states. this was how he framed things. >> appetites of the autocrat cannot be appeased.
11:03 am
they must be opposed. autocrats only understand one word -- no. no. no. no, you will not take my country. no, you will not take my freedom. no, you will not take my future. and ukraine, ukraine will never be a victim for russia. never. >> reporter: it was interesting the president really framing the decisions that will be made by world leaders, particularly those among western democracies, over the course of coming months will echo far beyond just the year ahead in the fight that's going on in ukraine, and continues to this day, will echo for decades to come. and that's the frame when you talk to the president's advisers going into this day, going into this speech, they really wanted to highlight that the president really wanted to make clear just the scale of the struggle that the president framed at only inflexion point at this moment, making it very clear much more
11:04 am
work is still to be done. and much more work has been accomplished to this point and that shouldn't be forgot. >> phil mattingly, thank you. >> and here's a point that russia is still pull back with the new s.t.a.r.t. treaty, watch. >> translator: they want to inflict a strategic defeat of us and climb all over our nuclear facilities. so i'd like to make the announcement today that russia is suspending its participation in the s.t.a.r.t. treaty. >> u.s. secretary of state antony blinken called the decision unfortunate and irresponsible, but stressed that the u.s. is ready to meet with russia to discuss new s.t.a.r.t. now, it is the only treaty left that regulates the world's two nuclear arsenals. the largest ones i should say. the u.s. and russia make up about 90% of the world's supply. and let's talk about limits. because it limits the number of deployed long-range warheads the two nations can have at 1500.
11:05 am
it also caps missiles and other delivery platforms at 700. more on the agreement now. the agreement also allowed inspections of the weapons sites but those were suspended in 2020 because of the pandemic. now russia is accused of stalling. last month, u.s. officials said russia is not complying with its allegations under the new s.t.a.r.t. treaty to explore the facilities on its territory. bianna. >> and we should note that vladimir putin has just submitted a draft of this suspension law to the russian douma. it's going to be a joke really, it's going to be rubber stamped like everything else in his government. let's talk with jill dougherty an expert on russia. and now teaches at georgetown university. jill, it's great to see you. so, this really was for the most part a repetition of speeches putin has given leading up to the invasion. i thought it was rather stale. i turned it off after 45 minutes.
11:06 am
he was saying the same thing, and the u.s. is to blame. and the new s.t.a.r.t. nuclear arms control treaty, even though the state department said that russia wasn't complying for a while now, what message do you think that putin is sending here, to russians, specifically, by doing that? >> well, i think, mainly, he's sending the message to the west, which is taking it off the shelf again. what he did which was nuclear weapons. and that is about what he has in his toolbox. i mean, militarily, they're not doing well. we've been over this. so what does he do? he ups the ante. you know, even the step, you know, to formally go to it, is more of that theater. that said, this is a serious issue and it does raise issues or impressions about whether there could be another arms control agreement. but essentially, russia already
11:07 am
is doing this. it is not allowing inspections so saying we formally will not and we are temporarily getting out of it doesn't really, i think -- let's say, rise to the occasion of something extremely frightening. but i think that's what putin wanted to do, to frighten the west, to scare washington. and it does not seem to be working. >> well, and, jill, while the west is clear-eyed in seeing what is playing out here, that russia invaded a sovereign democratic country, that is not how vladimir putin has portrayed it to his people since the start of the war and since prior to the war as well. he continues to point russia as the victim here of western aggression. listen to what he said. >> translator: we have to continue to make sure that the threat to our lands is removed. the elite of the west do not
11:08 am
conceal their ambitions which is to strategically defeat russia, finish us off, once and for all. >> jill, one year in, is this argument still resonating with russians? >> i think, to a certain extent it could be. i think, you know, putin has repeated that over and over again. the media say this. and then the russians, just think back, a lot of people went flew world war ii or the children, or the grandchildren that went through world war ii is a seminal part of putin's message. so to repeat that and make people afraid, yes, that probably does have in effect. but, you know, bianna, i think one of the most significant things is what he said to the russian people who have lost children in this war. whose sons have come back, unfortunately, in body bags. and he said, we're going to help you.
11:09 am
we really do feel your pain. we know how bad this is. and there's an entire list of things that they're going to do for the families, including creating a foundation to help them. i think that that is a significant thing that shows that putin actually could be, or feels that he could be under pressure from russian people. because of what is going on in terms of the people who are done. >> yeah, there are some 200,000 russian soldiers who have died or been injured, but a reminder, the russians have a high tolerance for suffering, just going back to world war ii, some 20 million soldiers died there under stalin, world war ii fighting there. zw jill dougherty, great to see you you. >> joining us cedric leighton and former ambassador william taylor now ambassador for russia and europe institute of peace. work, mr. ambassador, let me
11:10 am
start with you. and president biden, he pointed out the contrast between the conversations we were having a year ago and what we're talking about today. how soon would kyiv fall? how would that column of tanks that never went in, or never moved, how soon would they go in? would germany offer more than helmets? would they offer lethal support? your thoughts on what we heard from president biden today in warsaw? >> yes, victor. and you're right, it's a big change from a year ago. the ukrainian military has defeated the russian military in kyiv, as you say, pushed them out of the capital. they were right -- they were 20 minutes from downtown. they were -- the russians got close to the ukrainian capital. and the ukrainians pushed them back. they defeated them and pushed them out of kharkiv. they defeated them and pushed them out of kherson. they had a major counteroffensive that was very
11:11 am
successful. now, the question is, after a year, can the ukrainians get the supplies, get the equipment and get the weapons, get the ammunition, that they need to break the russian military? and that's what we're now talking about. now, a year ago later, we're talking about how the ukrainians might break the russian military. >> and the question is, whether we can procure enough weapons, even if there's anonymity in whether to send them at this point. colonel, to you, for the first time in many decades, there are no active arms control agreements between the united states and russia. i'm curious, from your perspective, what was your reaction, when you heard about suspension from vladimir putin? and are you concerned, perhaps, of another arms race between the two countries? >> well, bianna, i think we have to be very concerned about that prospect. so not only between russia and the united states, that there might be a new arms race. but we also have to think of the possibility of an arms race with china. china is not subject -- has never been subject to any of the
11:12 am
arms control regimes like s.a.l.t. or s.t.a.r.t., or any of the others. so it's maybe a way for putin to kind of blend in with the chinese idea of nuclear proliferation. and we could be seeing a very difficult period, from an arms control perspective. but i also have to say, bianna, that i'm not surprised that this happened. i think it's pretty clear that putin was on this path. and as jill mentioned earlier, it's very clear the russians don't want to have anything to do with any arms control regime that might limit their options with ukraine. >> ambassador, i've read, again, this morning that letter that you signed back in march of last year, calling for the u.s. for nato, to create this no-fly zone over the humanitarian corridors, a term that now sounds quaint, considering how much russia has
11:13 am
targeted civilians. and you also added this in that letter. this is in addition to the request for ukrainian leaders for a-10 and mig-29 aircraft to help ukrainians defend themselves which we strongly support. that never happened for several reasons but the question now is f-16s should that be supplied? and if not, should the training start, in case nato decides six or nine months down the road to supply fighter jets? >> victor, yes, my view, my view is we should provide f-16s for the ukrainians, probably not for this current battle. the breakthrough that i just described that the ukrainians are planning the next couple of months, that's going to go with what they've got right now. and what they're training on right now, the armor, the artillery. the infante. the f-16s will be for a year from now. when, after the victory, agency
11:14 am
the ukrainians say, after the victory, they will still be worried about another attack from the russians. so, we need to be sure that the ukrainians both win in the short term. but also can defend themselves against another attack, from the russians, after that point. so, yes. and also start the training now. >> so, these asks could be sort of a backfill for later on down the line in this war. colonel, given what we've just talked about, potential nuclear threat that russia and president putin once again dangled by beginning a new s.t.a.r.t. treaty, you have the ukrainians continuing to ask not only for the f-16s but for long-range missiles which to this point, the united states said we would not be providing for fear of provocation or landing inside of russian territory. do you think this decision by
11:15 am
vladimir putin will impact whatever decision they'd made to this point? >> i think so, bianna, we may see something similar to the atacms shows up in the arsenal. what that means we will have a chance, or the ukrainians will have a chance to attack russian supply depots, russian ammo dumps, things like that, that could make it very difficult for the russians to proceed with a type of offensive operation against ukraine. >> colonel, let me stick with you. we've discussed over this last year the challenges of the russian forces. the value, the utility of the disparity of what we saw and heard from president biden and what we saw and heard from president putin, not only the content, but the context, the audience, the energy from what we heard and saw from these leaders today. what's the value on the battlefield, if any, of what we saw today, colonel?
11:16 am
>> well, i think it's very interesting. you know, when you combine, in president biden's case, to kyiv, with his speech today, in warsaw, and you see a definite energy. a definite willingness to be with people. a definite willingness to, you know, mention democratic values. and the mention of democratic values, you see at the end, president biden met with the children. all of that speaks to a much more humane approach to geopolitics. and with putin, you have this cold, antiseptic, you know, very stringent approach to everything. that, i think, is the clear contrast between the two. biden, democratic values going in to give peace and freedom a chance. putin using obfuscation to
11:17 am
describe the situation that really doesn't exist, but one that he wants to create and i think that really does make a very big difference in that contrast. does have an impact likely on the front lines, makes the ukrainians much more wanting to stand and fight. not that they aren't already, they're doing a magnificent job in many cases, but this solidifies that, coupling what biden said with what president zelenskyy has said, that makes a very big impact on the ukrainian forces. >> the venue showed a share sol officials, with vladimir putin going through his greatest hits compared to an enthusiastic crowd listening to president biden. all right, thank you. the epa administrator returns to east palestine, ohio, the site of that toxic train derailment to meet with families and drink water straight from the tap. our miguel marquardt spoke about
11:18 am
the situation. and tucker carlson was granted all of the capitol footage from the insurrection. we'l'll have reaction from a former member of the j january h committee straight ahead.
11:19 am
♪ ♪ - super excited to open up my diploma from southern new hampshire university. ♪ ♪ - i'm nervous, i'm excited. ♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. life... doesn't stop for diabetes. be ready for every moment, with glucerna. it's the number one doctor recommended brand that is scientifically designed to help manage your blood sugar. live every moment. glucerna. 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,
11:20 am
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. powered by innovation refunds. woo! go to getrefunds.com to get started. hey you. i am loving this silversneakers® boxing class. thank you aetna. yeah? well, i'm loving that zero dollar monthly planremium. thank you, aetna. ah-ha. smartest move we ever made. well, it sure is. and by the way did you finally make that appointment with your dentist? i sure did. gotta keep this million dollar smile. if you're turning 65, call 1-888-65-aetna to learn about the benefits you may want. and let's make healthier happen together. you love closing a deal. but hate managing your business from afar. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates
11:21 am
matching your job description. visit indeed.com/hire >> woman: why did we choose safelite? >> vo: for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked, we needed it fixed right. we went to safelite.com. there's no one else we'd trust. their experts replaced our windshield, and recalibrated our car's advanced safety system. they focus on our safety... so we can focus on this little guy. >> singers: ♪ safelite repair, safelite replace. ♪ the epa chief michael regan
11:22 am
visited east palestine, ohio, today, this is the second time this is in attempt to reassure some anxious families there about the federal response to that toxic train derailment. he then teamed up with ohio's governor to tour a health clinic that opened today to address medical concerns. >> they also visited homes to conduct air quality tests and drink the tap water. cnn national correspondent miguel marquez is in east palestine. miguel, the epa chief, you just spoke to him, what did he tell you? >> reporter: yeah, he and both governors, pennsylvania and ohio, just blasted norfolk southern saying the railroad has failed on every level to come clean. to report this from the very beginning and to be helpful in trying to get this thing taken care of and cleaned up. today's trip was about these officials assuring people here in east palestine, that the water, that the air, is safe to
11:23 am
drink. it's safe to breathe. not only today, but in a week in a month and years ahead. here's what the administrator of the epa said about what norfolk southern needs to do immediately. >> i expect within the next 48 hours, norfolk southern will begin working with the agency on the contents of the work plan. they have to put togethea work plan that's going to be very prescriptive in terms of all of the cleanup, how they will do it. and the radius of that cleanup. they also have to explain to us, you know, how they'll pay for it, and how they'll be transparent in terms of engaging the community. so, they have a little bit of time to begin this process, but we expect to hear from them very soon. >> reporter: and he also now says that his administration and the epa has the power to compel norfolk southern to get this work done and to pay for it. there's an ntsb investigation going into this as well. the governor of pennsylvania
11:24 am
says that he's already referred a criminal case. >> in the face of norfolk southern's arrogance and incompetence, i want you to know we are fighting back. we stand with the good people of pennsylvania and ohio. and we stand with them against this corporate greed and incompetence. >> reporter: so, the governor of pennsylvania and others saying that norfolk southern has provided them either bad data, bad information all the way along. they haven't been open and being transparent about coming to meetings. all of those things, the epa administrator ordering that norfolk southern do today. this is -- this is all to tell people in this area that they are doing everything possible, not just today, saying that they will stay here for the weeks, months and years to come, to make sure that the water and air
11:25 am
is good. back to you, guys. >> they still have a lot of people in that community to convince. miguel marquez for us in east palestine, thank you. stocks are down sharply today after mega retailers including walmart and home depot reported disappointing earnings, raising new concerns over the strength of the u.s. consumer.
11:26 am
♪ this feels so right... ♪ adt systems now feature google products like the nest cam with floodlight, with intelligent alerts when a person or familiar face is detected. sam. sophie's not here tonight. so you have a home with no worries. brought to you by adt. when you stay at a vrbo you always get the whole home not part of it but the whole upstairs the whole downstairs the whole fridge and the whole secret nap room
11:27 am
because is it really a vacation home if you have to share a house with a host? ♪ only with vrbo hey, man. you could save hundreds for safe driving with liberty mutual. they customize your car insurance. so you only pay for what you need! whoo! we gotta go again. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market
11:28 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, flatten, or reverse orders so you won't miss an opportunity
11:29 am
sources tell cnn that house speaker kevin mccarthy has given fox news host tucker carlson access to all of the security footage from the january 6th capitol riot. >> this is highly unusual. and has democrats concerned
11:30 am
about possible security risks. joining us now, is it clear why? has the speaker's office said at all why mccarthy is doing this? >> reporter: well, victor, you're right, it is a very unusual decision that kevin mccarthy has made. sources have told me that mccarthy did not consult members of republican leadership before turning this footage over, nor did he consult house democratic leader hakeem jeffries, before giving these materials to fox news. and u.s. capitol police chief tom manger had told cnn, really, he had turned over the footage to mccarthy, but when someone asks for this, particularly a member of leadership or an oversight committee asks for things like this, he must turn that material over. >> what has been the reaction been, quite frankly, on both sides of the aisle for this news? >> reporter: well, bianna, house republicans have told us they wanted to review these materials
11:31 am
themselves but by turning this footage over to tucker carlson, mccarthy is essentially outsourcing that job to fox news. democrats, meanwhile, are worried about the security concerns. zoe lofgren has told cnn when they released a lot of this footage during the past year, of the january 6th hearing, they came to an agreement, one thing they had said, u.s. capitol did not want them using video of lawmakers evacuating the capitol that day. lofgren told us that she worries having that footage in the hands of the wrong people, could provide a blueprint for bad actors on how to successfully attack the capitol again. >> alayna treene there on capitol hill, thank you. >> for more on this, let's bring in adam kinzinger, a cnn senior commentator and republican on the house committee investigating the january 6th
11:32 am
insurrection. great to have you joining us, especially on this particular issue. we know that the speaker had been pressured to and ultimately promised to relitigate the investigation into the january 6th insurrection. what was your reaction, though, when you heard that he handed over these tapes to fox news? >> well, it's kind of surprise, and kind of not surprise. the surprise is i would have thought that he had more respect for the institution. as to, you know, going through and understanding where there are security concerns, turn it over to the committees of jurisdiction first to review. but the thing that didn't surprise me is, look, here's a secret, it's kind of a melded secret that people know about kevin mccarthy. he loves to have famous people on speed dial. in every discussion that you talk with him, he'll mention somebody. by doing this, he now has tucker carlson's friendship and probably has him on speed dial
11:33 am
and text with him. i think that's all this is to win over tucker carlson so he could have him on his side. the danger of this is significant, and i'm both surprised and not surprised at the same time. >> there could be a millman here, congressman. let's put up this tweet. this is from matt gaetz, this is about the time of the speakership fight where he tweeted out, thank you to the 20 patriots who helped earn this commitment from the speaker. thank you, speaker mccarthy, for affirming this commitment, keeping promises is how trust is built. and this is -- he tweeted out something that speaker mccarthy promises to release the security footage from january 6. if this was in exchange for ending 15 rounds of what we watched in january to get the gavel, what are your concerns that this is a make-good for themjr? >> well, what else is out there? i mean, if you have to promise everything to people individually and not just those 20, how many were holding out prior.
11:34 am
look, i can be upset about this. if i was -- if i was -- you know, able to kind of describe what i think is probably going on in some of the republican circles behind the scenes, i'm sure they're extremely angry. you think about the people who came out and said i'm only going to support kevin. what they needed to do, this is something that you learn at least once a year in this job, all you need to do is hold out and then you can extract anything you want. to the extent of, it's fine to say, look, we want to release all of the video. i mean, that's a legitimate point of view. i think we were very transparent on the committee and not only that, we didn't destroy the evidence or anything. it's still out there. but to turn and give this to tucker carlson, that was part of the deal -- there's a lot in question there. let's keep in mind, what can be done with this. so there was a video where a rioter was trying to open a fire door. actually, what he did, he looked up to the second floor to another rioter that opened that fire door because there's a procedure how to do it. and asked him how to do it.
11:35 am
that bit was spliced and put on the internet six months ago to somehow imply that rioter was actually at the fire door looked up to some security camera that wasn't there, to some control room that wasn't there and asked the powers that be to open the door. they used that evidence that the fbi was involved in january 6. that's not what it was. it was something completely taken out of content. that's the problem with this. saying it is something that it isn't. >> bennie thompson has done the same as you have done, but sources are telling cnn that mccarthy didn't even consult with this gop leadership team before he released this footage. could he be facing some sort of backlash internally by doing this? >> yes, but it's not going to come out in the public. i mean, look, the fact that he has committed everything and given everything to people -- again, the fact thate did that without talking to his leadership team kind of makes me
11:36 am
assume it's probably some deal that he promised with matt gaetz or somebody else because he just wanted to get it done. it wasn't up for debate. i think there's going to be a lot of consternation, that doesn't mean they're going to oppose him. the problem with the gops, i've lived this, i was one of these people, it's that we like to work together as a team. we may talk tough. but when it comes down to it, it's difficult for us to stand alone and shut down legislation. so you're not going to see that happen. >> all right. adam kinzingerank you for joining us. a new study shows that chronic pain from arthritis or an old injury can age your brain faster than normal. it can even be linked to dementia. details, next. ya on everythingwere caswith just one card. chase freedom unlimited. so, if you're off the racking...
11:37 am
...or crab cracking, you're cashbacking. caback on flapjacks, baby backs, ...or crab cracking, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. sile retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. caback on everything you buy with chase freedom unlimid with no annual fee. how do you cashback? chase. make more of what's yours.
11:38 am
(announcer) an important message for americans age 50 to 85. (bell dinging) how's john? oh, much better. that was quite a scare. got us thinking about a lot of things. like life insurance. if something happened to either one of us, we'd really be in trouble. but where can we get coverage with john's health problems on a fixed income? go with a sure thing. colonial penn. friends have been telling friends about colonial penn guaranteed acceptance whole life insurance for more than 50 years, and with good reason. if you're between the ages of 50 and 85, it's a sure thing. your acceptance is guaranteed because full benefits are not paid in the first two years.
11:39 am
you don't need a physical exam and we won't ask about your health. you cannot be turned down. and the price? options start at $9.95 a month, less than 35 cents a day. i don't know. what if the price goes up as we get older? with colonial penn, your rate is another sure thing. it will never increase. that's because it comes with something you won't find in other policies: a lifeme ratlock. the rate you start with is the one you keep, guaranteed. and you should know, this coverage can last a lifetime. some insurance policies end once you reach a certain age. not this one. as long as you pay your premiums, it's yours for life. call the number on your screen now and we'll send you free information by mail. you have nothing to lose, because at colonial penn, your satisfaction is another sure thing. every policy we issue comes with a 30-day money back guarantee. if you've been thinking about getting life insurance to help your family with funeral expenses and other bills you may leave behind, call for free information today. there's no obligation, and you'll receive a free beneficiary planner just for calling.
11:40 am
(bell dings) same time next week? sure thing. we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why?
11:41 am
right now, taking a look at the dow. a bire. down more than 600 points after fourth qua earnings and forecast for major retailers. and that is raising concerns about it's strength of consumers. meantime, new numbers out today shows sales of existing homes sank in january for the 27th month in a row. mortgage rates also remain high. as one real estate ceo warns, don't expect that to change this year. >> we're normalizing. i think everybody is starting to accept the fact that the 2% and 3% mortgage rates are gone. i think this is the only way to quell inflation and get it receding in the right direction. >> let's bring in cnbc correspondent rahel sal olomon.
11:42 am
anytime wall heart reports, because of sheer size and home depot reports on walmart, walmart, look, had a pretty strong quarter but started to see cracks in the consumer. starting to see more visits from middle and higher income consumers but also starting to see the impact that inflation is having on consumers. one of the executives said on the earnings call today that there's a great deal of uncertainty, looking out over the balance of this year, while the supply chain issues have largely abated, prices are still high. there's that inflation and there's pressure on the consumer predicting that swing. and i.e., outlook is getting a bit more cloudy because of the impact of higher rates, because of the impact of inflation. home depot also had a decent season, wasn't terrible, but worried about outlook. so you put it gether, two major retailers sounding the alarm about the health of the consumer which is, by the way, two-thirds of the u.s. economy, it is the back bone of the u.s.
11:43 am
economy which is the reason why markets are reacting the way they are. >> let's go back. i was concerned to hear the ceo of brown white stevens saying that the mortgage rates are going to here. >> yeah, i was surprised. existing homes up 37% compared to a year ago, also down slightly from the month prior, less than 1%. why is this happening, higher interest rates, of course, sensitive to what the fed does. and lower inventory. so that's part of the problem. mortgage rates, see 6%, if you're buying a home right now, chances are it's going to start with a 6 handle. a year ago, probably would have started with a 3. 96% who have a home mortgage are locked under 5%. if you're locked under 5%, you have a compelling reason to want to sell. >> as someone in the market to buy a home, they're sitting on
11:44 am
those rates. so, let me ask you about home depot, put together in the housing market and what we're seeing on wall street, home depot moving towards hourly workers, investing in those. what are they doing? >> good news for hourly workers, they saying it will be investing $1 billion not just with new, but those with the company. good news for workers, guys if you're a fed hearing this, yet another employer saying they have to hike wages, home depot is saying this is about retention, about keeping workers. it's a sign of the labor market. unemployment dipped to a 50-year low, 3.4%. that's what you're seeing. companies are trying to hold on to workers and incentivize workers with higher wages. and the issue is if home depot likes it that passes often to consumers in terms of inflation and it becomes a vicious cycle. it's just one of those periods good news is good news for some,
11:45 am
and mixed for others. >> rahel solomon, thank you. a new study just released saying living with chronic pain, arthritis, cancer, back pain, could raise your risk of cognitive decline and dementia. >> cnn's senior medical correspondent elizabeth cohen joins us now. elizabeth, walk us through these disturbing findings. >> you know, it was such an interesting study. these folks in the uk, bianna, they looked at 19,000 people. these are folks who had brain scans sort of all in one place, so they could take a look at them. and what they found was changes in the hippocampus that were different with the brain. let's take a look. it's linked to cognition. it shrinks naturally as they age. what they found, folks who said they were in pain, it shrunk even more quickly. in other words, their brains essentially age more quickly. then they gave the folks
11:46 am
cognitive tests. here's what they found, when they gave them 11 cognitive tasks. if you have pain in one site, let's say, back pain, you performed worse in one of those tasks. in multiple places like back pain and shoulder pain, you had a worse performance on 7 occupant of 11 tasks. so this is pretty compelling suggestions that there is a link between pain and actual brain changes. bianna, victor. >> elizabeth, there's also a recall of a certain time of baby formula. tell us about it. >> yes, this is -- i know this sort of strikes fear in the heart of parents because of what happened last year. this is just one brand. and it's a relatively small brand. but, still, important for parents to know. so, let's take a look at what this brand is, it's enfamil pro-b simply plant-based infant formula. you can see we have the lot
11:47 am
numbers. we have the useby date. and you can go on cnn.com and get all of this information as well. the problem is possible cronobacter infection. if that sounds familiar, that's from the abbott plant that caused all of those problems. that doesn't seem headed in that direction. but the u.s. food and drug administration says they're on it and trying to see what is causing problems for those problems in infant formula. >> thank you. what is being called one of the biggest challenges to big tech in recent history. the supreme court is hearing a pil case that could have major implications f for the wa we'l'll have details, ahead.
11:48 am
on a very special "tv dad"... i didn't make the dance team. what do i always say? switch your car insurance to progressive, and you could save hundreds. -feel better now? -not really.
11:49 am
switch to progressive, and you could save hundreds. my a1c stayed here, it needed to be here. ray's a1c is down with rybelsus®. i'm down with rybelsus®. my a1c is down with rybelsus®. in a clinical study, once-daily rybelsus® significantly lowered a1c better than a leading branded pill. in the same study, people taking rybelsus® lost more weight. rybelsus® isn't for people with type 1 diabetes. don't take rybelsus® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop rybelsus® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. gallbladder problems may occur. tell your provider about vision problems or changes. taking rybelsus® with a sulfonylurea or insulin increases low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. need to get your a1c down?
11:50 am
you may pay as little as $10 per prescription. new projects means new project managers. you need to hire. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. all across the country, people are working hard to build a better future. so we're hard at work helping them achieve financial freedom. we're proud to serve people everywhere, in investing for the retirement they envision. from the plains to the coasts, we help americans invest for their future. and help communities thrive.
11:51 am
after my car accident, wondnder whahatmy c cas. so called the barnes firm. i'm rich barnes. youour cidedentase e woh than insurance offered? call the barnes firm now to find out. yoyou ght t beurprpris call the barnes firm now when that car hit my motorcycle, yoyou ght t beurprpris inrae sn't fair. so i called the barnes firm, it was the best call i could've made. call the barnes firm now, and find out what your case could be worth.
11:52 am
♪ call one eight hundred, eight million weeks of dry weather in venice are threatening water levels. according to scientists, the country could face another drought. >> a weather system in western europe in recent weeks has brought mild temperatures. >> all right. brace yourself for wild weather swings this week. we're talking potential record-breaking snowfall, rain and, if you can believe it, summer-like temperatures.
11:53 am
>> cnn meteorologist, jennifer gray, is here with more on the wild winter mix. people going into their closets not knowing whato wear next? >> you are so right. this is a big one and will add to the winter weather season in the west, and could top as one of the top five snowstorms for places like minneapolis. this is going to be historic. you can see snow across the west and the northern plains. we have watches and warnings that stretch from the west to new england. we are talking about winter storm warnings, blizzard warnings already in effect. high wind alerts as well where we could see winds gusting from 60, 70 and maybe 80 les per hour with this system. we are going to see very high impacts. the areas shaded in red is where we are going to see major impacts and some places could see extreme impacts from the
11:54 am
storm. can you sealthe snow through the ruckiockies and midwest. we will get a brief break for the midwest and then another round wednesday into thursday where we could top possibly two to 2 1/2 feet of snow across portions of the midwest, and snow will be measured in feet across the cascades and sierra as well. one more look. you can see that pulling through the east. we are going to see very cold temperatures behind it and 12 to 18 inches of snow, and that's the areas shaded in pink. higher amounts for isolated locatio locations, but for the most part we will see a foot and maybe two feet of snow across the midwest. and damaging winds and possible tornadoes across portions of the mid south. your forecast accumulation as far as rain goes will w, one to inches. we could see record-breaking
11:55 am
temperatures across the southeast. more than 100 of those, and possibly 40 record-breaking lows. so major temperature swings, guys. >> dizzying to see that map change colors everyday. jennifer, thank you. two world leaders, two peuf t pivotal speeches. we'll talk about the duelling messages ahead. meet brett from apartment 2b. he's not letting an overdraft alert get him stressed.
11:56 am
he knows he's covered with zero overdraft fees when he overdraws his account by fifty bucks or less. overdraft assist from chase. make more of what's yours. i'm jonathan lawson here to tell you about life insurance through the colonial penn program. if you're age 50 to 85, and looking to buy life insurance on a fixed budget, remember the three ps. what are the three ps? the three ps of life insurance on a fixed budget are ripric, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54, what's my price? you can get coverage for $9.95 a month. i'm 65 and take medications. what's my price? also $9.95 a month. i just turned 80, what's my price? $9.95 a month for you too. if you're age 50 to 85, call now about the #1 most popular
11:57 am
whole life insurance plan available through the colonial penn program. it has an affordable rate starting at $9.95 a month. no medical exam, no health questions. your acceptance is guaranteed. and this plan has a guaranteed lifetime ra so your rate can never go up for any reason. so call now for free information and you'll also get this free beneficiary planner. and it's yours free just for calling. so call now for free information. i think i'm ready for this. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. ♪ here's to getting financially ready for anything! and here's to being single and ready to mingle. who's ready to cha-cha?! every day, more dog people are deciding it's time for a fresh approach to pet food.
11:58 am
developed with vets. made from real meat and veggies. portioned for your dog. and delivered right to your door. it's smarter, healthier pet food.
11:59 am
12:00 pm
it's the top of the hour on cnn "newsroom." hello, everybody. >> the united states support for ukraine will never waiver. that's the promise today from president biden. he gave a fiery speech in warsaw, poland. he said the blame lies with russia. he said ukraine stands strong in the face of russian aggression and added that nato stands united, too. >> when president putin ordered ■xhis tanks to roll into ukrain he thought we would rollover. he was wrong. the ukrainian people are too brave. america, you are a coalition of nations from the atlantic to the paw pacific, we were too unified and democracy was too strong. >> president biden spoke just hours after his russia