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tv   CNN Newsroom Live  CNN  March 11, 2023 11:00pm-12:00am PST

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what happens? if we can't come to a shared sense of what we want this country to look like or even the basic facts of what we're fighting about we very literally can't get anywhere. we are mired in a more heightened division of the heightening divides that we've been in for 50 years. >> no one wants to give up on shared truths. if there is a way forward it won't be found within the comfort of our own virtual bubbles but in the open, transparent and sometimes uncomfortable exchange of ideas. >> hello and welcome to viewers joining us from the united states and all around the world. i'm leila horok. 15 million people under flood alerts in california and nevada as yet another new storm
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approaches. we'll take you to monterey county. the fallout from the silicon valley bank collapse as customers wait to hear if they will recover their money. many worry if it will lead to even more bank closures. and in israel, hundreds of thousands take to the streets to protest the prime minister's plan to overhaul the court system. we're live in tel aviv,. >> life from cnn center, this is cnn newsroom with leila harak. >> we begin in the u.s. where 15 million in california and nevada are under flood alerts. some of those flood watches have been extended through wednesday. as the rain tapers off and flooding slowly improves across much of california for now more
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rain is expected on surnl and the next big storm system is forecast to arrive late monday night and last through at least wednesday. that would be the lefned atmospheric river event of the season. there are concerns especially in monterey county where a breached levee has already current. cnn's mike valario has the story. >> reporter: this is the center of the town center, a levee was breached several hours ago and that is why we have all this water being dumped into the part of this county, after the dawn hours, we saw national guard vehicles go up and down this main drag of paharo, rescuing families couples dogs
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even making sure everybody was okay. we had an opportunity to interview a spokesman from cal fire. take a listen when he told us they realized the levee had a breach and how many rescue operations they've imloiched in. accomplished. >> we did deploy 3 a.m. this morning, we have the high water team, they have been county wide this week they have their high water vehicles and have been successful in nine rescue operations this morning. >> the high water is about one meter deep. the concern here is of course we have kind of a quiescent moment, with the sun this morning but another atmosphere river taking place in california tuesday into wednesday, the 11th storm system of the season. the serious concern is that without this levee fixed by
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tuesday and wednesday we could have even more water here in the center of town. mike valario, cnn pajaro california. >> we are watching severe weather in parts of the u.s., severe storms expected from oklahoma to mississippi. severe threat moves east through the day. parts of the southeast could see severe storms with hail, damaging winds, and tornadoes, amin while heavy snow will make for trech accrues travel in the upper midwest, north dakota, minnesota and wisconsin could get eight to 12 inches of snow through day today. california's governor says he is in touch with the white house, and the u.s. treasury, regarding the sudden collapse on friday of silicon valley bank. it is the second largest failure
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of a financial institution in u.s. history. gavin newsom says everyone is working with the fdic to stabilize the situation as quickly as possibility to protect jobs, people's livelihoods and the entire economy ecosystem. matt egan has more. >> this happened so fast it is stunning. sloven valley bank may not be a household name but it is the serk biggest clams of a bank in u.s. history behind only the 2008 implosion of washington mutual. now the fdic has seized control of this bank. the fdic says people will get access to their deposits up to $250,000. but small businesses and
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households hold more than $250,000. it is unclear whether they'll get all of their money back. how did we get here, and how did we get here so fast? shares collapsed 60% on thursday after the rapid need for cash and that appeared to spark a run on the bank with some companies racing to pull their money. this is also a symptom of the federal reserve's war on inflation, because we know interest spikes like the ones going on now, tend to break things in the financial market. we know the fed's race, the same tech companies that silicon valley bank caters to. it also unscheduled meeting on friday to discuss this bank failure, and i spoke to treasury
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deputy secretary wally ateamo and asked him what he thinks about this situation, this is what he said? >> the federal regulatorrors are paying attention to this particular issue, we are confident in the resilience of the system and also the fact that we have the tools that are necessary to deal with incidents like what's happened to the silicon valley bank. >> thankfully experts that i'm talking to they're hopeful that this is more of an isolated incident than a systemic one. most banks are not as exposed to this one in this particular sector. major banks they lend to, retail and media, he doesn't think this failure is a sign of broader trouble in banking and that the system is as well capitalized as ever. let's hope so because the last
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thing we need is is a series of bank failures. back to you. >> well joining me now is rana farahar, she is a cnn global inability and associate editor for the new york times. she joins us now, so good to have you with us rana. part of what makes this stunning is this bank was here today gone tomorrow pap what led to the collapse and subsequent unraveling? >> rates have started going up and just to set the scene we have been really for four decades now in kind of a falling rate environment. so the way banks operate, the way businesses operate in general is sort of predicated on interest rates being low. that's changed low and just rates are going up. so what did that do to silicon
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valley bank? this is a bank that was kind of a go-to bank for venture capitalists. when tech stocks really boomed and everybody was online and we really needed technology. all the technology went into the bank and they didn't have places to really lend it out so they started investing it in government bonds. now the yields on those bonds haven't really changed but the amount they have to pay in deposits have been going up as interest rates go up. that leads to a mismatch essentially between supply and demand on the balance sheet and that's what took silicon valley bank down. the question is, is it going to spread? i think the answer could be yes, to the smaller institutions that have been playing the game of trying to get more money from deposits. >> i want to pick up on that last part but first taking a listen to u.s. tr treasury
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secretary janet yellen. this is what her response was. >> you mentioned silicon valley bank. there are recent developments that concern a few banks that i'm monitoring very carefully. and when banks experience financial losses, it is and should be a matter of concern. >> so this is not the only bank she thinks. i mean in terms of contagion, could this spread? >> it's not something that's going to look like a lehman brothers moment i don't think and i also don't think that it's going to affect the largest institutions. the j.p. morgans and citibanks, they have come under higher capital standards since 2008.
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i will say that banks of all sizes have been pushing back against the idea of holding more capital. i think those arguments will be hard to sustain when you see an incident like this. it kind of reminds everybody, we need to know the regulatory is safe, smaller institutions, have a ripple in effect and private equity, shadow banks are going to be under more scrutiny because of this. >> what i wonder those is did nobody see this coming? i mean was there no oversight and in terms of bank regulators were they completely absent? >> no, i wouldn't say that, i really wouldn't say that. i would have to say that foaft-2008 the large systemic financial institutions, the big banks in they fall you start to get a global domino effect that brings down the economy. this is thought what we're talk technicalling about here. but what it does underscore is that as the interest rate
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environment changes, you might see ripple effects not just in a small bank but in different kinds of currencies, like what we saw in the u.k. a few months ago when the pound sterling came under so much pressure. that's all about the changing environment, with that comes risk and it is hard to tell exactly where the risk is going to be, particularly if it involves institutions that are really not in the top tier of regulation. >> the hope rona is that a resolution could be found this weekend but come monday morning what are the possible scenarios we could see unfold? >> what i have been hearing is folks that are connected to silicon valley bank, businesses that have any overlap with this bank are looking very carefully at their balance sheets, in some cases trying to reallocate their money, make sure things are safe. i think we're going to see on
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monday what the market thinks about this. one thing i would expect just looking out beyond the week a little bit longer term mid term i think you're probably going to see a continued slows down in the tech sector. what this says to me people are going to be anxious about what's happening in the valley in general. i think it could also mean that maybe the fed will rethink about hiking rates this fast or maybe pull back on the size of rate hikes. because the truth is when you shift from a low interest rate environment particularly as long as we've had that, to something different you are going to see dominoes falling. >> rona farahar it's so good to have your insights, thank you for being with us. >> thanks for being with me. >> three people went missing, after crossing the mexican border, one week after four were
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kidnapped in the bother city of matamoros. >> reporter: it's been just a week since four people from south carolina, two were tragically killed and now there's new mystery. three women living in texas are believed to be missing in mexico after they crossed the bother two weeks ago. two sisters and a friend who crossed into mexico, they were headed to the city of montemorell offeringss, looking for the women, regarding the kidnapped americans, cnn has obtained a geolocated new video, hours before they were attacked on march 3rd. it was a live stream video taken by one of the victims. driving to a medical appointment
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in matamoros, they never made it there there. mexico is the second most popular destination for medical appointments, to take advantage of inexpensive treatment according to patients beyond borders an international health care consulting company contacted by cnn. rafael romos, cnn atlanta. plans to overhaul the judicial system are facing more protest. coming up a former prime minister says this is his country's greatest crisis ever. but we don't always love their hair. which is why we made bounce pet hair and lint guard with three times the pet hair fighting ingredients. just one sheet helps remove pet hair from your cloththes! looking goodod starts in the dryer with bounce pet. moderate to severe eczema still disrupts my skin. despite treatment
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descreald go to full dictatorship and i want israel to stay a democracy for my kids for my grandson it will be because israel is a democracy country and it must stay as one. >> israeli protestors say they
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are fighting for democracy, as demonstrations, against the right wing government enter the 10th week. half a million people turned out for rallies across the country on saturday. this out of an israeli population of just over 9 million. allies of president benjamin netanyahu, who is on trial for corruption, say reforms are needto balance the government. but the former prime says the country is facing the greatest crisis ever. he is quoted saying this, a wave of terrorism is hitting us, our economy is crashing, money is escaping the country, iran just signed yesterday a new agreement with saudi arabia, but the only thing this government is concerned about is israeli
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democracy. extraordinary scenes, record number of people r rallying acrs israel for the 10th week. what compels so many people to come out? >> people in israel are feeling today that they are fighting for their country and for the future of their own families, their children, their ability to live here. there was an election in this country in november. and a new government was sworn in. and it is the most extreme government, most religious government in the history of this country. and a large segment of the israeli population, the more liberal leaning portion of the population, also some conservatives who believe this government has gone too far are now fighting back against this judicial plan that the government calls a reform but is basically an attempt to give the government unlimited power,
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absolute power with no checks and balances. this is really for israelis the better idea for israel as a democratic and jewish state. >> what has been the reaction from the netanyahu government for these protests? >> in this government a lot of the ministers and the senior lawmakers view a large segment of the israeli population i would argue a little more than half as anarchists, tray tors, these are the kind of words that the people in the streets have been receiving from people in the government, people very close to prime minister netanyahu, a his son who is a close adv advisor of his, soldis and reserve forces of the israeli military, there has been an unprecedented, they signed up
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to serve in the military of the democratic country and they will not serve in a dictatorship and we're seeing people who fought in all of israeli's wars, including the 1948 war for israel's independence, join these protests and said, we fought to establish a democratic jewish home land and now we see an attempt to erode democracy, and former israeli countries, that is not the vision we have for this country. >> how unprecedented is this? >> there have been protest waves in israel before, we like to caught ourselves the only address in the middle east, and that means people can take to the streets but what we are seeing here ten straight weeks, hundreds of thousands of people taking to the streets, and so close to an election that just happened is unprecedented. we are seeing also the range of the people who are involved here.
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it started would i say with just a few tens of thousands and people who are much more strongly opposed to the right wing religious government, but now we're seeing it not just in telttelaviv, the high tech sectr warning the government, this would welcome, and hurt the israeli technical engine, and warning the banks, we are seeing people pulling their money out of the cousin because of this plan. really it is spreading to such a wide range of sectors, this is something i don't remember in
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the history of the israeli protest movement. >> what happens now, are these reforms a done deal, will the court overhaul regardless of the mass demonstrations and is there a way out of this impasse? >> there are two possible scenarios we are looking at right here in israel. one scenario is there will be some sort of legislative compromise. one royals that the plan is to extreme and the backlash is so strong that it is time to perhaps look for a way out and maybe find some kind of a compromise and there are arguments in favor of all kinds of reforms in the judicial system in israel just like in any governmental system but not this very extreme plan of the current government that basically gives unlimited powers to those in power. but just as likely the scenario where the government insists in going with the court plan, there are several people pushing it who are very extreme and do not
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want compromise and they have continued with the legislation despite the pleas of the president of israel, herzog. if they will put forward the legislation and pass it as is, there is some likelihood that the supreme court of israel will strike down parts of this legislation or maybe even the entire thing and then what will happen is something truly unprecedented in israeli history a full on constitutional crisis where the majority in our police department in the knesset, the supreme court will strike it down and then we will have a fundamentally dangerous but very important question, who will the authorities in the country, the military, the police, the internal security agency, who will they listen to, the government or the court, the court of law. >> extraordinary times indeed.
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amir tibon heretz senior editor, thank you for sharing your views with us. >> thank you. >> after weeks of protest, the french government is pushing ahead with plans to reform the system. a bill backed by president emanuel macron. the bill would gradually raise the retirement age from 62 to 64. and it's still several steps away from becoming law. police say more than 1.2 million people protested the plan last week and strikes have disrupted power, oil refine rest, schools, airports and trains. iranian authorities have arrested more than 100 people in connection with the suspected poisoning of hundreds of school girls. many of them were treated for
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unexplained illnesses in recent months. iran news reports those arrested come from several cities clun including teheran. some people wanted to create fear an horror and shut down classrooms. the attacks came from girl schools and over protester ore strict dress codes. tuned in for one of the bbc's most popular programs, we'll go to london on the furious fallout over the bbc'sk, gary lineker. with downy.
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>> welcome back the our ventures in the united states and all around the world, i'm leila harak. maybe the bbc should have seen it coming. but, league fans custom to long time host gary lineker, instead got match clips splayed out wordlessly from a bbc studio, tim daly says he has no intention of stepping down, and aims to resolve the crisis quickly. in light of the tsunami of support building behind lineker
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and what it means to be impartial. cnn darren lewis joins us, the blow back has been enormous. this mushroomed into something so much bigger. >> absolutely. good morning in the u.k. from we are still reeling, kick off tuesday when the government unveiled controversy plans to ban people arriving in the u.k. from ever claiming slum. asylum. lineker tweeted in a private capacity that in his words the plan was immeasurably cruel directed at the most vulnerable people in language again in his words that is not dissimilar to that used by germany in the
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30s. some mp's took umbrage to that and suggested he should step away from presenting the football match of the day until quote, we have an agreed and clear position on his use of social media. but the ground swell of support for him was massive. his co-presenters and pun didz say they too would step away -- pundits said they would too would step way from the show, primarily players and managers were instructed yesterday, that they did not need to speak to match of the day. one of them, leila was the liverpool head coach. >> it's a really difficult world to live in but if i understand it right and this is about, is a message, an opinion about human rights and that should be
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possible to say. >> now, look. i think as far as the whole thing is concerned, i had believed yesterday that it would die down. but one of the bbc's senior broadcasters that was highly respected appears to say there was no end in sight. take a look at this tweet from yesterday and we have to tell you today there have been further former footballers who have suggested that they will not take part in any highlight show planned for today. there are four matches in the english premier league for this afternoon. and those individuals have been slated to appear, to summarize them, to comment on them. but this is a row about impartiality and it doesn't appear to be going anywhere, anywhere soon. >> so now what? >> well it's a really good question because three years ago
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when the bbc director general one of the most senior people at the corporation took charge, he put impartialityity at the heart of his founding principles. but here's the thing leila, there are lots of people inside and outside the bbc who say there are other people employed by the corporation whose opinions had not been checked and they would appear to breach those impartiality rules. in addition to that, the question has been asked, had lineker backed policy, would there be this backlash, would he have been suspended? that was put to the bbc director yesterday, he wouldn't be compelled by hypotheticals, to show those highlights every week, and to have that preview show as well. got to do it again next week. if they don't they could well be in breach. i'm not a legal expeft, i'm sure
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we'll get somebody on who will tell us what the ramifications are are but certainly with gary lineker not backing down and others appearing to spend in his corner two things, a it could well spill outside of sport and b there is no end to this any time soon. >> it struck such a cord. darren lewis in london, thank you so much. >> thank you leila. the revered u.s. football coach bud grant has died at the age of 85. he coached the minnesota vikings, they reached the super bowl four times but the league's top prize alluded them. grant also spent 14 seasons as a player and coach with the winnipeg blue bombers, winning
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top four times. he played two seasons of pro basketball, the vikings called the hall of famers a once-in-a-lifetime man. russian military wives and mothers, make a personal appeal to vladimir putin, their message, stop sending recruits to what they call the slaughter in ukraine.st you that's aheadr . no matter what, we go on. biofreeze lactaid is 100% real milk, just without the lactose. tastes great in our iced coffees too. which makes king up at 5 a.m. to milk the cows a little easier. (moo) mabel says for you, it's more like 5:15. man: mom, reay? hi, i'm jill and i've lost 56 pounds on golo. hi, i'm barry and i've lost 42 pounds.
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>> we now want you to see a video that ukraine says shows close combat for the city of bahmud. ukraine says russian troops walked into an amount bush by korean snipers in the city's industrial zone. six russian troops were
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reportedly killed. the film posted by ukraine's water guard doesn't show any people, you could hear the gunshots, could not geolocate, but nothing to suggest it is not from bahmud. more progress in the fight for city while the wives and mothers of russian conscripts have a new appeal to president vladimir putin. scott mcclain joins us live from london. scott what more can you tell us? >> reporter: hey, good morning leila. the ukrainian military said win a 24 hour time there were three combat engagements. the fighting continues to be fears. they call it a fortress, but beyond that it is like any other town or city in ukraine. it doesn't hold any special significance or strategic
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importance but it has this sort of strategic or this symbolic importance excuse me which one ukrainian commander in the east says continues to grow every day because the ukrainians believe that every day that they hold onto it allows them to regroup send more troops in and prepare for some kind of a bigger attack. they also think if they let the city fall to the russians it would allow them to explore more opportunities further deeper inside of ukraine. and the head much the wagner military, fighting in that part of the country released a video purporting his troops to continue making inroads. he's standing just 1.2 kilometers from the city administration building in the center of that city and the building five story one is smoking, there's smoke coming from it. he says look, he calls on his man men to cover the flanks,
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because just as the fighters in the town center are covered. in a separate video he describes the motivation of his troops. >> what is our goal? why are we fighting? the goal is simple: to not disgrace russian weapons, to not disgrace russia. not to bring russia to the point that it itself collapses, most likely this is the goal of american, british intelligence services which work for the long haul and work to destroy russia. in which the ruler must continue, the army must become weaker and weaker, until the russians say what the (bleep) is our self consciousness. >> according to an under russian news outlet, a group of russian motors and wives, called on
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vladimir putin to stop sending their fathers and sons to the slaughter. they joined assault group on the front lines in march with just four days of training. one woman said her husband were one of five groups sent in to storm ukrainian troops. he says that look, these men are willing to defend their country, willing to go to war but they're willing to do it in their specialty but not as ill equipped storm troopers. leila. >> thank you so much, scott. prop began today offensive, anya nomenko, as melissa bell report she is now paying the
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price for being dragged into russia's hype machine. >> reporter: vladimir putin celebrating his army. the special guests this year children bussed in from ukraine's occupied territories. thank you europe for saving me my sisters and hundreds of thousands of children from mariupol. i forget a little. ann yah don't be shy. go hug urge l yuri. everyone give a hug, look it's the man who saved you all. >> reporter: but who is anya? by tracking down family members too scared to speak on air, the story of anya nomenko or anya, as she's known. behind the propaganda anya's own
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bee will derred view posted to social media. look at all the rows, she says, before being told where she will stand and what she will say. it was a year ago, that anya's home town of mariupol was devastated, forcing its population underground to basements like this one. a refuge shared for much of the three month long siege by anya her system and katrina postovit who is now in germany. she couldn't believe her eyes. when she was on stage. >> we were like a family. saved ourselves, saved our lives. >> but anya's mother was killed. anya's grief for her mother,
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shared with everyone, i want to be with you, she writes. anya and her siblings were separated by her mother's death. sent to mariupol. believes through its p propagana moscow risks incriminating itself. >> it's very troubling and the rome statute and in fact the geneva conventions make it clear how children must be treated by occupying powers. the law is present. too many think it's an optional extra. >> reporter: cnn has reached out to russian officials for the comment featured in putin's rally, moscow has not responded. but for all the trangd of anya's life so far the prop began at a has brought her fresh troubles.
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anya don't be shy when we celebrate mariupol again you will be hanging from one of the poles downtown. a reflection of so much more of the abuse young anya has received. >> we need to stay human, she is a child who survived the war of famine, lost her mother. she is small. even if she looks like an adult, she is a child. >> but children, as symbols of the future, play an important part in orwellian displays of two visions of childhood many, one carefree, the other one twisted. melissa bell, cnn kyiv. >> we'll be right back after a . short break. ststay with us. n. for that healthy skikin glow.
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"avatar: the way of water" to the german war drama "all quiet on the western front." and there's something for everyone. but as stephanie elam reports, organizers hope hit movies, not other kinds of hits, will be the focus. >> and when we're done with this, we're going to be carpeting all of hollywood. >> reporter: the oscars are back. the first since "the slap" made hollywood's biggest night the academy's biggest nightmare. >> it still hurts! >> reporter: just a week after chris rock took aim at will smith -- >> second i saw will smith get up out of his seat, i'd have been halfway gone. >> reporter: all eyes on host jimmy kimmel, who says he will address the clap. >> comedians are mad about it. it's one of those things for a group of people that find everything funny, it's not funny, you know. but of course, you know, you have to. >> reporter: the fallout also upends oscar tradition. since smith won best actor last year. >> they have to find somebody to
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present best actress. typically the tradition is if you win best actor, you come back and present best actress. but that's not going to happen because he's banned from the show. >> reporter: this year's drama should come from the awards. possible upsets? >> i've been an actress since i was 19. >> reporter: a late s.a.g. award surge from jamie lee curtis could lift her over favorite angela bassett. neither has ever won. what does that mean for you? >> you know what, it's just a clear example that you've got to hold on. >> reporter: s.a.g. and critics' choice winner brendan fraser will go down to the wire with austin butler for best actor. >> i'm ready. ready to fly. >> reporter: "the "elvis" star won a bafter, a bellwether for the american awards. >> you're about to work with a young actor whose work ethic is like no other. he was right. >> [ bleep ].
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>> reporter: if there's an oscar shocker, it could be for best actress. where michelle yeoh is expected to win for "everything everywhere all at once." >> i am excited. i'm excited. >> reporter: cate blanchett's bafta win keeps her competitive. andrea riseborough, whose real in "to leslie" led to a social media push inside hollywood that won her a surprise nomination. she was allowed to remain a contender after an academy investigation into the tactics of the campaign. a probe that upset some of riseborough's supporters. >> there could be a protest vote that goes on here. and if there is a shocker on oscar night, it's going to be if she wins. >> that was our stephanie elam reporting. thank you so much for watching. i'm laila harrak. kim brunhuber picks up our coverage with another hour of "cnn newsroom" after a quick break.
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