tv CNN Newsroom CNN March 13, 2023 10:00am-11:00am PDT
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for his dirty deeds. a new letter tells us the house oversight committee chairmen sqescalating the probe into the family. there are record dating back to 2009 relating to two of hunter biden's business associates. and, quote, just terrible, cruel. president biden using very harsh terms in a new interview to describe florida lawmakers who want to cut back on gender-affirming care for youth. >> what's going on in florida is, as my mother would say, close to sinful. it's not like a kid wakes up and says, you know, i decided i want to become a man or i want to become a woman or a want change -- what are they thinking about here? they're human beings. >> we'll see you tomorrow. briana keilar picks up our coverage right now.
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hello, i'm briana keilar in washington. right now wall street and main street are wondering if more dominoes will fall or if the biden administration's drastic action following the second largest bank failure in u.s. history will stave off a broader financial crisis. this morning president biden assured americans that their money is safe after the federal government takeover of silicon valley bank and the smaller signature bank. svb may be a new name for many people, but it was a go-to bang for the tech sector. high-pro-final companies like roku, etsy, and fitbit were clients. some had hundreds of millions of dollars tied up with svb. all those deposits are guaranteeduncle sam. >> all customers who had deposits in these banks can reassured they'll be protected, and they'll have access to their money as of today. no losses will be born by the taxpayers. instead, the money will come
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from the fees that banks pay into the deposit insurance fund. the management of these banks will be fired. investors in the banks will not be protected. they knowingly took a risk, and when the risk didn't pay off, investors lose their money. that's how capitalism works. >> recwe're covering this from white house and capitol hill. matt, let's start with how we got here. >> we had a perform storm of things that went wrong and conspired to set off these second biggest bank failure in american history. so let's look at what happened. remember, silicon valley bank, it was enormously exposed to the tech sector, and that is one of the parts of economy that is hurting the most right now. now in order to raise cash, they have to sell off some bonds, and they have mortgage-backed securities and treasury bonds, all of those securities, they lost value as the federal reserve raised interest rates.
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at the same time, we had this bank that came out and said they had this hole in their balance sheet that forced them to sell bonds, to sell stock, but they announced that before they actually raised the money. i talked to an insider, an employee there, who called this plan absoluteliy iy id iot ic. the federal government had to step in, andnounce plans to guarantee the deposits including the uninjure uninsured deposits. >> does this fit the definition of a bailout or not? >> not in the 2008 bailout sense. remember in 2008, that was taxpayer funded. the government injected bangs with billions and billions of dollars, and executives, notably, were spared. what's happening now is different. no taxpayer funds are at risk right now. that's according to the government. they are protecting all of the depositors, not the shareholders, not the
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bondholders, but the depositors. that is a key distinction. also the executives have been fired. so call it what you want, bailout or not, this is a massive rescue, and it is designed to try to put out this fire. >> and where do things go from here? >> well, i think most immediately for the customers of silicon valley bank, they just want their money. they need to get their funds out of this bank, to make payroll. that is the most pressing issue. at the same time, we're hearing from politicians calling for a rollback of the 2018 rollback of dodd-frank. we heard that president biden, senator elizabeth warren. arguing that deregulation played a role here. i don't think we were all the facts on that front yet. clearly this episode raises questions about anything that lowers oversight of banks. and now we need to keep an eye on what's happening in financial markets because stock market, it's about unchanged right now. so overall markets are not freaking out. but regional banks, they are falling very sharply today. i think that is a sign of
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continued nervousness on wall street and in general about what's happening with these banks. >> yeah. a lot of worry that we're seeing. matt, thank you for walking us through that. i want to go to the white house and cnn's phil mattingly. so phil, of course biden was vice president when the obama administration was cleaning up the last financial crisis, the last banking crisis. i wonder how that's informing his approach. >> reporter: i think there's the policy and the political. on the policy side, when you look across what transpierd over the course of 36 hours behind closed doors, pretty much nonstop set of meetings and zooms and conference calls, as federal financial regulators put together the emergency intervention that they deployed last night, there was a recognition that speed is critical, and so is scale. i think trying to do as much as they possibly could to the extent their authority allowed as quickly as they possibly could given the growing concern, palpable sense that there is real risk of contagion in terms of the system here was critical, and i think that is very much a lesson learned from pretty much
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everyone involved in the financial regulatory sector in the wake of 2008. i also think the politics are important here. there's a recognition that i think was implicit in what you heard from the president, trying to assure markets, trying to reassure depositors, investors about the stability of the financial system, but also making very clear that taxpayers in view of the administration were not on the hook, that this was not a bailout of the companies, a la 2008, and the executives were gone, the banks were in receivership held by the u.s. government. that is a very different process than what happened in 2008, and that is a very clear message that administration officials want to get out, that this isn't 2008. this is a very different effort. and while they are certainly moving as quickly as possible to try and stop this in its tracks, make sure that this doesn't spread, there's no significance spillover risk in the days and weeks ahead. i think they're cognizant of a lot of the dynamics in 2008 despite the fact these are very different circumstances. >> yeah. everyone remembers 2008 and what
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they didn't like about it for sure. phil, thank you for that report from the white house. cnn's lauren fox is on capitol hill. and we're, of course, seeing a lot of finger pointing here and renewed calls for tougher banking regulations. tell us about this. >> reporter: yeah, this is what you are hearing from a lot of liberals on capitol hill. we should note that the house and the senate lawmakers are out right now on recess, but you know, one of the biggest calls that you're hearing are from people like katy porter and elizabeth warren who are saying that that bill in 2018 to roll back some of those banking regulations needs to now be rolled back itself. this is what elizabeth warren said, quote, repealing the 2018 legislation that weakened the rules for banks like svb must be an immediate priority for congress. you can expect that lawmakers on both sides when they get back to washington are going to be finger pointing. you're already seeing some republicans arguing that what the biden administration is doing is akin to a bailout even though the biden administration
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is going to great lengths to make that message clear that this is not a bailout from the american taxpayers. so there is going to be a lot of finger pointing, but who you are pointing the finger at is really going to be determinative of whether or not you're a republican or a democrat up here on capitol hill. >> and the culture wars are coming into play, as well, here. >> reporter: yeah. i mean, there are some house republicans and also governor desantis down in florida who are arguing the svb is really a marker of a bank that was simply in their words too woke. here is what james comer, the chairman of the house oversight committee, said, as well as desantis. >> they were one of the most woke banks in their quest for the esg-type policy and investing. you know, this could be a trend. and there are consequences for bad democrat policy. >> this bank, they're so concerned about dei and politics and all kinds of stuff, i think
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that really diverted from them focusing on their core mission. >> reporter: and obviously lawmakers are going to argue especially democrats that that had nothing to do with what happened here. obviously a lot of finger pointing happening on capitol hill. >> certainly is. lauren, thank you so much for that. joining us now is a ceo of one of the many companies affected by svb's collapse. ali javeed, ceo of rapbook. thank you so much for being with us. president biden is saying funds are going to be available to svp depositors today -- svb depositors today, good news for folks like you. i wonder have you gotten access to your money yet? >> this morning we checked our bank thaccount, all the funds we there. more importantly, everyone paid to rapbook. the 100,000 people in production, their funds are there, and they can cash their
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payroll checks today at the banks. >> and so they're able to do that which is obviously a difference from yesterday. a huge difference. we've heard from a 2024 gop candidate, vivek ramasami who says people like you, companies like yours, should not get relief. here's what he said -- >> i would not bail out either svb or even the depositors. we should let the market work here. let silicon valley bank fail if needed. >> what do you say to that? >> we expect our money to be safe in banks, workers expect to be paid. rapbook processes payroll for 100,000 people. when a bank fails, that means a worker isn't getting paid to pay their mortgage, their childcare, their -- their groceries. it's absolutely the responsibility of a bank and the federal government to make sure
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that our deposits are safe. >> what would have happened without yesterday's intervention? >> thousands of people today wouldn't be able to cash their payroll checks on time. wrapbook worked through the entire weekend to make sure remediation plans were in place. the fed stepping in, though, was a significant thing to make sure that workers can be paid. >> who do you blame for how this went down? >> that's a tough question. what i will say is i think it's the responsibility of a bank to be prudent with our deposits. i think it's the responsibility of the government to make sure that banks are safe. as an american, i put my money with a bank. i don't think about whether it's safe. it should just be safe. i think there's still some work to be done for people to feel safe. but our government did the right
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thing today. >> what do you think about the leadership of the bank? ceos, investors obviously who you heard the president say they're going to be ones who took risks and will not be compensated. what do you think about people who made the decisions that put the books of this bank in a place where this could happen to companies like yours? >> i leave that to the government to go through. i don't know silicon valley bank records. what i will say is that there's a whole community of people across companies affected by silicon valley bank who all got together and tried to act in the best interests of everyone who's getting paid. this was a huge rallying moment of support. i leave it to the government to decide and evaluate what happened. >> i know that you are becoming much more familiar certainly with some of these processes
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than perhaps you were before. do you worry that if you move your money to another bank you'll be facing similar prob problems? >> i think the actions today reassure us that deposits are safe with banks. at the same time, we should all take measures that are appropriate. as a business, we use multiple banks as redundancy. things happen, and when those things happen it's our responsibility as a payroll processor to make sure people get paid which is why we're able to move forward today with paying people. even had silicon valley bank not -- not been around today to support. >> thank you so much, we really appreciate your time today. >> thank you.
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mike pence is now taking a tougher tone on former president trump. so why won't he testify against him? we'll talk about that. plus, a vicious fight in ukraine is getting even bloodier. now a group of russian wives and mothers is calling on vladimir putin to stop sending their men to slaughter. and why three women are facing a wrongful death lawsuit over abortion pills. money mo. so no matter what the market's doing, he's reaeady. and that's... how you collect coins. your money neverer stops workig for you with merrill, a bank of america company. ♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers 3 vitamins to smooth, heal, and moisturizeour dry skin. gold bond. champion your skin. if your moderate to severe crohn's disease or ulcerative colitis symptoms are stopping you in your tracks... choose stelara® from the start...
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for a cleaner, healthier mouth. listerine. feel the whoa! (vo) red lobster's finer points of fun dining: at lobsterfest, whether you're a sea-foodie or a lobster newbie, there's something for everyone. try one of six dishes, like new lobster and shrimp tacos for $17.99. and leave completely lobsessed. welcome to fun dining. former vice president mike pence delivering his most scathing rebuke yet of his former boss donald trump and his role in the january 6th capitol attack. he told a crowd at a washington, d.c. dinner over the weekend, quote, president trump was wrong. i had no right to overturn the election, and his reckless words endangered my family and everyone at the capitol that day, and i know that history will hold donald trump accountable. while pence says history will hold trump accountable, he has so far balked at many opportunities to help do so
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himself. he refused to testify to the house january 6th committee, he said congress had no right to his testimony. he's fighting a subpoena by the special counsel investigating trump's role in the january 6th insurrection. joining us to discuss is margaret talav, senior contributor for axios, and ambassador norm isen, former house judiciary special counsel in trump's first impeachment trial. margaret, what do you think of what pence said? >> i mean, i was in the room for the gridiron event on saturday, and i have to tell you that as former vice president pence was speaking, every journalist this that ballroom immediately stopped, licensed, and said, okay, he's making news here. so he clearly wants at least in that room and for national coverage to lay down a marker that he has sort of the moral authority lane in a pers-- lain perspective run.
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he was also rejecting the tucker carlson kind of narrative that this was the protesters on january 6th were tourists or were peaceful, and he also said very directly that he believes that the -- the free press, that journalists are not enemies of the public. that's all important, and yet as recently as justice days ago, he has continued to fight a federal grand jury subpoena that would give more clarity around the president's actions that day. so there is this sort of contradiction in terms there as the messaging in the room, and there are his actions in terms of the courts. i know he's arguing this is about vice presidential powers or congressional senate powers. i think unless a court compels him to provide testimony, that he's saying pretty clearly he's not going to do it. >> norm, he's letting this play out clearly in the court of
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public opinion and participating very much in that, and it really does stand in contrast to what he's not participating in. >> that's right, and he has no legal leg to stand on in saying that the constitutional speech or debate clause entitles him not to show up and answer questions. it is true he may or may not have a right to refuse to answer questions under the constitution for what he was doing when he was sitting in the chair on january 6th. but the law has well established that for all the stuff that prosecutors want to hear about before then, he has a legal obligation to show up. if he wants to object to a question, he can, but there's no legal basis. that makes his refusal to cooperate -- he was a hero on january 6th. why isn't he willing to be a hero now, continue that? he doesn't have a legal reason
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not to. >> so do you think, norm, that he'll be compelled? >> i do think he'll be compelled. we just went through this in the lindsey graham case, in the georgia investigation of donald trump's activities there to overturn the election. lindsey graham said, oh, no, the constitution says i'm protected from speech or debate. it went all the way to the supreme court. lindsey graham's argument, i filed an amicus brief on behalf of former government attorneys, that lindsey graham's argument didn't hold water. you got to show up, object to the questions that are objectionable, answer the others. graham was forced to do it in georgia. pence is going to be forced to do it here. >> margaret, how are other potential 2024 contenders who some of them have been afraid to criticize trump, how are they reading this? >> yeah, well, i think that pence is trying to test the
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waters and see whether one of two things will happen -- whether he can move the needle and make this a dialogue that other 2024 contenders or prospective contenders are also willing to jump in in on. there's been a lot of indirect criticism of former president trump, but few of those rivals, you know, hitting him squarely over january 6th or saying that's why he shouldn't run again. and pence is either trying to move the needle in that direction for every other rival, or trying to say this will be his lane uniquely. i think the field is still forming, including former vice president pence's intentions. but i think his feeling is that this is the lane he wants to occupy, and that will either set him apart, or he will at least be credited with moving the entire conversation that direction. it's a risky, strategic gambit when you're playing for the base because although there's been an erosion of some support for former president trump, there's still quite a bit of support
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around him, as well. and i think we'll see pence in early states like new hampshire and iowa this week. we'll see whether he is as direct, as assertive as he was in that room on saturday night. >> that's a very good thing to watch for. norm, today trump's former personal attorney, michael cohen, is expected to provide additional testimony to the manhattan d.a. they're investigating trump's role in hush-money payments to adult film star stormy daniels. this morning we learned from trump's attorneys that he has no plans to testify. does it seem to you that trump may be criminally charged in that case? >> i think trump is at grave risk of criminal charges in the hush-money case. it was one of the first things that we investigated when we did the first impeachment investigation against donald trump, including sitting down with michael cohen. i personally interviewed him. he was my witness. and so i know the evidence that
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he has. the core offense is a new york state criminal statute that prohibits keeping false books and records. the problem for donald trump is that he booked the repayment of these hush-money payments that were made as legitimate legal fees to michael cohen. so that's in checks that trump and others signed, it's in the books and records. and that is a very strong criminal case, and it matters because trump was already on thin ice with so many scandals including "access hollywood" in 2016. if he hadn't covered up this scandal with stormy daniels, it could have affected or even changed the outcome of the presidential race. so it's very important to democracy in its own way. >> margaret, what would that mean? you know, an indictment or even just the fact that this takes so much of trump's attention or it
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grabs headlines. what will that mean to his run? >> it wouldn't inherently derail it, but i think it could certainly have a major political impact. there are republican donors in early states, in crickets states around the country -- critical states around the country, who are primarily concerned about being able to win in a general election and are concerned about what a donald trump nomination would mean. this is all hypothetical, it's all very early. it's very early days in this 2024 contest. but having said that, i certainly think that an indictment would change the entire nature of this race, would, you know, compel or free up rivals to go after the former president, and would give major donors and leaders inside the republican party some real
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speed. we were talking about former vice president pence a minute ago. this is where the rubber meets the road. when you're compelled to testify or when you are subpoenaed or asked to provide evidence, information, testimony, that can be important to prosecutors' formation of a case. michael cohen's willingness -- and he said he's nervous about complying, but he's trying to provide the truth and help prosecutors get to an answer -- his willingness to provide that testimony could be crucial to them making their case. did donald trump have an intent to defraud or to cover up a crime? did this result in a violation of election law? those are crucial questions that testimony like this could help form the basis of. that's why people are subpoenaed. >> yeah. margaret and ambassador isen, thank you. we appreciate it. a group of russian wives and mothers leading new protests against vladimir putin, asking the russian president to stop
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sending their loved ones to slaughter. this cry coming amid an increasingly brutal battle for the city of bakhmut. we have that next. the better. that's why america's beverage companies are working togegether toto deliver more great tasting options with less sugar or no sugar at all. in fact, today, nearly 60% of beverages sosold contain zero sugar. different sizes? check. clear calorie labels? just check. with so many options, it's easier than ever to find the balance that's right for you. more choices. less sugar. balanceus.org
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- [announcer] do you have an invention idea but don't know what to do next? call invent help today. they can help you get started with your idea. call now 800-710-0020. ukraine's military commanders say the intense fighting in book mute is going yard by yard -- bakhmut is going yard by yard, and fighters are jumping into enemy trenches.
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assault from multiple directions, more than 230 russian soldiers were killed in the last 24 hours. in russia a group of wives and mothers are protesting president vladimir putin. they are demanding he stop sending their loved ones, quote, to the slaughter. i want to bring in ambassador william taylor, the former u.s. ambassador to ukraine. he is now the vice president for russia and europe at the u.s. institute of peace. ambassador, thank you for being with us. and you know, we see here the u.s. and western allies publicly saying that it would be wise of ukraine to get out of bakhmut, save the ammunition and other resources for other battles. clearly something is factoring in to president zelenskyy's calculus here that isn't factoring into that advice. what is it? >> what it is is the vice of president zelenskyy's generals for whom he has great respect.
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those generals have proven that their understanding, their ability to design tactics and strategy is amazing and successful. so president zelenskyy's listening to them, and they have said very recently to him, to president zelenskyy, that they are winning the battle of attrition in bakhmut. they are killing a lot of madison soldiers. you see the response about the russian mothers and wives. we know that's happening, and while that battle is taking place at bakhmut, the ukrainians, again, those two gen generals, they are putting together a counter offensive. and the longer they can tie up the russian military in bakhmut, the better they have, the better chances they will have to succeed on this counteroffensive. >> do you worry that this shows some fracturing between ukraine
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and the u.s., and do you worry at all that that could feed into some differences between the biden administration and republicans on capitol hill? >> i don't. i don't. the question that our military, that general milley and -- indeed the president have all said -- those decisions on the military application, the military decisions, tactics, those are ukrainians. they're obviously the best place to make these decisions. so i don't think there's any difference between the ukrainians and the americans. the americans have been -- we have been very supportive of all these weapons. what is necessary for that counteroffensive to win, to succeed, is for these weapons to continue, indeed even accelerate. you mentioned the republicans in congress -- i've been impressed at the bipartisan support for all of these weapons packages, all these assistance packages. there's been bipartisan over and over and over. yes, there are some voices from
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some parts of congress, but by and large, you have the serious republicans who are strongly supporting, koreans and that will continue. >> what are you expecting here for the spring? >> i'm expecting the russians to culminate. the admiral made this point last week. they don't have the ability, the russians don't have the ability to push further. they've gone as far as they can. now they're trying to hold it. they haven't even taken bakhmut. we talked about. but they've got lines that they're trying to hold, and what i would expect is that the ukrainians with these new weapons, these tanks that they're starting to be trained, they're -- the tanks are showing up in ukraine, showing up in the fight, well trained troops. i'm expecting that counteroffensive that general zaluji and general sersky at the
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direction of zelenskyy are going to mount -- that has the possibility to break the russian military in ukraine. >> all right. we'll be seeing here in the months ahead. ambassador, always great to get your perspective. thank you so much. north korea claims it has fired off two cruise missile tests from a submarine off of its coast. north korea saying these flew about 900 miles before they hit a test target. the test came just a few hours before the u.s. and south korea kicked off their largest joint military exercises in five years. cnn's oren liebermann is following these developments for us. so the north koreans issue a new warning to the u.s., and then this time that warning came from kim jong-un's sister. >> reporter: it's an open question as to what exactly north korea carried out. they claim to have fired two submarine-launched cruise missiles that showed off a number of capabilities as part of their show of force. but that's not definitive on the
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u.s. and south korean side. the south korean joint chiefs said they're analyzing along with the u.s. this launch of at least one unidentified missile, and that's crucial. the south koreans and the u.s. have snot confirmed it was two. so there is certainly an open question there as the u.s. and the south koreans continue to look at this. worth noting that cruise missiles are not a violation of u.n. security council resolutions, so from the u.s. and the international perspective, if they want to test fire cruise missiles, they are allowed to. ballistic missiles, very different story. and last week north korea fired off a short-range ballistic missile. that is definitely a violation of u.n. security council resolutions. and the u.s. and south korea view that as escalatory. as you point out, it comes with the u.s. and south korea launching these joint exercises. the freedom shield exercises, 11 days, some of the largest exercises in years. and kim jong-un as well as his sister have promised, and i quote, the toughest counteraction against these joint exercises. so it remains to be seen what
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he's going to do, and we'll watch this space closely. it's worth noting that at least in terms of what we've seen so far this year, it doesn't compare to the almost frenetic pace of ballistic missile launches and other missile launches we saw last year. but we also know that the u.s. has been watching north korea closely to see if they carry out their seventh nuke test at their facility in the north of the country, something they've been watching for a long time, and we'll keep watching that. >> we sure will. thank you so much. still to come, three women facing a wrongful death lawsuit for helping a friend get access to abortion pills. what a strict texas law could mean in the new legal battle over abortion just ahead.
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a texas man is suing three women over the death of his unborn child. the wrongful death lawsuit filed by marcus silva accuses the women of helping his then-wife get access to abortion pills. it's one of the first major legal tests since the supreme court overturned roe versus wade. we have more from whitney wild. walk us through the elements of the case and what the lawsuit's alleging. >> so what the lawsuit says is that these three women helped his then-ex-wife -- sorry, then-wife obtain a medically induced abortion, basically remembered her obtain bargds pills in texas. that was in july of 2022 after texas passed senate bill 8. they were married at the time. they have since divorced. and basically the quote of this lawsuit, what this all hinges on is this idea that all three of these women who helped her
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procure the abortion pills are civilly liable for the death of his unborn child. a quote from the lawsuit, i think we're going to pull it up here, if you guys can throw up the full screen for me. and i can read that exact quote. under the law in texas a person who assists a pregnant woman in attaining a self-managed abortion has committed the crime of murder and can be sued for wrongful death. again, this is a quote directly from that lawsuit. and it hinges on this texas law that is set up in such a way that people who are involved in the abortion, basically abortion process, can be held civilly liable. here are some of the main points from this texas law, senate bill 8. anyone who performs or induces an abortion, knowingly engages in conduct that aids or abets the performance or inductive of an abortion, and intends to engage in the conduct described by senate bill 8 can be held civilly liable. damages in this case could be not less than $10,000 per abortion. this man is going after, again,
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the three friends of his then-wife. he is seeking $1 million in damages from each of these parties, and notably he is also planning to go after the manufacturer of the abortion pills once it is found out through -- assumingly discovery who that manufacturer is. basically he's looking at all the people involved here and saying, look, you are all civilly liable under this texas law for the death of my child. notably the mother is excluded from the lawsuit because the texas law exempts the mother from this civil liability. but what's really going on here, as you look forward into this post-roe versus wade era, is this is going to seek to answer the question of how broad the web of liability is when it comes to an abortion, who can actually, again, be held civilly liable, who is going to have to pay up for the death of a child or a fetus, rather, under this new law. back to you. >> yeah. and i saw they could be liable for attorneys fees, as well.
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the damages here could be astro astronomical. thank you so much. we'll be right back. hey ordered when they expect it. discover how rydyder ecommerce makes your customer's experience ever better.r. ♪ choosing miraclear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation.
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tournament's number one seeds. now it's time to fill out those brackets, and cnn's andy scholes is joining us with some tips to help you bring up those office pool bragging rights. i really need some tips so i'm going to take am notes here. >> pay attention, briana. we all love that upset in the first round, second round, find that cinderella we can brag. but if you really want to win your bracket, it's all about the game and in reality you've got to pick the winner. more often than not the person who wins your bracket pool or compe competition they'll pick the winner. it measures the offensive and defensive efficiency and every single champion since 2002 has been top 40 in offense and top 22 in defense.
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and right now you've got these seven teams right here, they already qualify. these four teams over here, they're cloels. by the end of the tournament they could qualify, so not bad picks as well. two teams you don't see here that are in the mix ganzaga and arizona. ganzaga is like in the 70s in defense, arizona in the 40s. so they might not be a good pick for your bracket. and furthermore check out this map. since 1997 every single champion has been east of that line right there. texas even on the wrong side of the line. so who should you pick? well, if you want to go with the safest pick, the most probable since 1979, the one seeds. you've got alabama, houston, kansas, and perdue. kansas won last year.
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only duke and florida have been able to repeat champions. houston are the favorites, briana. you've got going to back to 1988 to find a clampian that has won near campus. it's all about having fun. me personally i went to the university of houston. >> we know where you're going with your bracket. all right, andy, thank you so much. i am ready it do this thing. i'm ready to win it all. a big night for hollywood and big wins for the film "everything everywhere all at once." but before the awards were handed out host jimmy kimmel poked fun at last year's oscar slap. >> we want you to have fun, we want you to feel safe, and most importantly we want me to feel safe, so we have strict policies in lace. if anyone in this theater commits an act of violence at any point during the show, you
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will be awarded the oscar for best actor and permitted to give a 19-minute long speech. >> cnn correspondent stephanie elam joining us with more on last night's academy awards. how else did last year's slap effect this year's ceremony? >> one of the things we had to figure out who was going to hand out the best actress award because that should have been will smith since he won best actor last year. joined by halle berry who won in 2003 and was up until last night the only woman of color to win best actress. overall "everything the everywhere all at once" had a
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fantastic night walking way with several academy awards. he really got his start in raiders of the lost ark indiana jones. you saw a nice moment of them hugging it out. you saw how happy he was for him to have won his best supporting actor. and jamie lee curtis beat out angela basset, and that was a stunning moment tosy that. but the film showing a lot of love for some veteran actors. and also just really quickly, cnn films "navalny" won for best documentary feature. >> big night for everyone including cnn. that does it for me, but don't go anywhere. we have much more news still ahead. luckily they've all got chase. smart bankers. convenient tools. one bank with the power of both.
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