tv CNN Newsroom CNN March 16, 2023 10:00am-11:00am PDT
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involving members of congress and staff is more extensive than first thought. more than 1500 congressional aides, members of the house and senate along with their family members had personal information exposed on the dark web. the fbi now investigating the data breach targeting the d.c. health care insurance marketplace. and his picks are in. the former president barack obama, yes, playing along with the rest of us in revealing his ncaa bracket. obama predicts duke without coach k will win it all in the men's tournament, beating houston for the national championship. on the women's side obama, you might say, goes chalk, guessing south carolina will stay undefeated and defend its title. thanks for your time today on "inside politics." we'll he see you tomorrow. brianna keilar picks up our coverage right now. hi there. i'm brianna he keilar in washington. today's banking fiasco could cause tomorrow's recession. goldman sachs says the chaos
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unfolding in the banking sector has boosted the odds of a recession in the u.s. within the next year. but treasury secretary janet yellen is about to wrap up her senate testimony and she argued the fallout has been contained. >> i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week's actions demonstrate our resolute commitment to ensure that our financial system remains strong and that depositors' savings remain safe. >> now, the market seemed skeptical until they got word that chase and morgan stanley are considering rescuing the struggling first republic bank. regional bank stocks are mixed, which is actually a major improvement from earlier today. elsewhere in the economy some promising new data on jobs and mortgage rates. we have cnn's matt egan, who's here once again to help make heads or tails of all of this for us. okay, matt, let's start here
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with the banks. you have secretary yellen saying everything is sound. is that what the markets are saying? >> well, brianna, in a word no. markets remain very much on edge with a lot of of attention right now on what's going on with bank stocks. in particular regional banks. now, as you mentioned, all of these stocks, they were actually down very sharply earlier today. first republic was down 36% at the opening bell. very steep losses after days of steep losses. but look at this. they're all moving higher. first republic is now up 10% on the day. and that's because we have wall street banks. they are in talks to rescue first republic, this ailing regional bank. that's according to a person familiar with the matter. now, these banks that are in talks to rescue this company, they're talking about a major capital infusion. and the rescue would come from the industry itself. bank of america, citigroup, jpmorgan and wells fargo p.
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these are some of the banks that are in talks for a rescue. nothing has been announced officially. these banks along with first republic, they're all declining to comment. but a deal could be announced as soon as today. now, just word of this potential rescue has turned the entire stock market around. u.s. markets opened the day in the red. but look at this now. we have the dow up 350 points. 1.1%. even bigger gains, 2.2% for the nasdaq. the s&p is up 1.7%. now, over in europe they already have a rescue in place for credit suisse. this is the ailing swiss bank whose stock was crumbling yesterday but the swiss national bank, their central bank announcing a $54 billion rescue. now, the fact that the markets are all up on this shows, brianna, just how concerned everyone is about the banking industry right now. >> so when we're talking about people looking at banks and saying hey, is my money going to be there, are my deposits okay, we should be clear we're talking
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about $250,000 or more, right? because when you're talking about people with less than that that's okay, you're backed up there. but we're looking of course at maybe some folks who have more than that and businesses that have more than that and may not be insured. is the expectation that the government can and would swoop in to save uninsured deposits again if another bank goes under? >> well, you know, that's not totally clear yet. we know that they've already come in and they did save all of the depositors. even above this $250,000 insurance limit. at silicon val lipp bank and signature bank. those are the two banks that collapsed in recent days. we know that the fdic insures up to $250,000 no matter bhat bank is doing, no matter what the bank stock is doing. the question is what would they do with the next bank fail? and treasury secretary janet yellen, she was asked about this, whether or not all depositors would be saved above the $250,000 limit. and she sort of said they would be saved if a super majority of
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the regulators, herself, and after advising the president they all agreed that they needed to rescue them. so it was sort of a dodge. but i do think the government is implying, brianna, that they would rescue all depositors, even the uninsured ones. >> navigate these recession fears and the talk now about this possibility again. >> well, let's look at the latest job numbers because we're actually seeing more evidence that this is a he very hot jobs market. initial jobless claims down 20,000 in the last week. continuing claims also dipping. this is particularly significant because last week there was actually this big spike in jobless claims that raised some questions are there some cracks showing up in the jobs market. the latest numbers suggest that is not the case. mortgage rates, we know mortgage rates, they have spiked as the fed has waged this war on inflation. some good news on that front because mortgage rates after several weeks in a row, they have gone down in the last week to 6.6%.
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of course that is almost double where they were a year ago. i think the question now is what does all this bank stress mean for the economy? and as you mentioned at the top, goldman sachs is actually out with a new report raising the risk of a recession. they're still betting on a soft landing, brianna, but they now see a 35% chance of a recession in the united states over the next 12 months and they point specifically to the risk that all the stress in the bank industry causes banks to slow down loans and that would actually trickle down into the real economy. >> yeah, still low, so we'll keep an eye on that number. matt egan, thank you so much as always. we're joined now by former wall street executive and ceo of nature energy north america, alexis glick, and university of michigan economics professor justin wofers. so justin, we heard the ceo of one of these embattled regional banks telling cnn this morning the crisis is over. that was the quote. but bridgewater's founder says silicon valley bank was actually the canary in the coalmine.
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so translate the mixed messages for everyday americans who are looking at this and wondering if they should be worrying. >> there was a good time to worry and that time was last thursday. last thursday we saw the run on the silicon valley bank and we saw that there were some banks where -- that were more exposed to financial distress than you might hope for. secretary yellen is correct, though, to say the government then moved forward with an absolutely forceful plan, effectively saying to all americans that if you've got money in the bank we're going to make sure that it's there no matter what sort of financial distress your bank gets into. now, banking's a confidence game, and so that gives you and i and all our viewers the confidence that your money will remain in the bank, and that in itself is enough to prevent further financial distress. so there might be a few smaller banks that have some trouble along the way like first republic, but i think the overwhelming message right now is think about the dog that
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didn't bark. over the past few days we've heard no really big stories about new bank collapses, about people being nervous, about enormous amounts of money flowing out of banks. and it's the absence of bad news that is really terrific news about the stability of the financial system. >> and alexis, that's important. i also want to look back to 2008. of course that's a reference point for us. it's not exactly the same thing, right? but when you look at that financial crisis, you had six months between the collapse of bear stearns and lehman brothers. so how do we know when this storm has passed, when we can be confident that there isn't another shoe that's going to drop? >> well, there's a couple things that are different this time. right? number one, they're trying to shore up and address that confidence issue out of the gate. because right now the fragility of the system is clear based on what we witnessed last thursday and friday and into the weekend.
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and that is very reminiscent of the kind of action that we saw in 2008, that you had to rescue banks over the weekend so that they were actually solvent, or in that case it was really around the broker dealers. now, the issue here, right? is that we've risen rates so aggressively, by 450 basis points in the course of the year. the ecb just raised rates by 50 basis points today. the reason we're in a conundrum and it's different this time is that inflation is still high. target inflation should be at about 2%. we're sitting at about 6%. so we still have a strong economy. the consumer has still been doing well. retail sales in january were strong. they were not as strong in february. so if you're the fed right now how do you start to quell the demand without right now disrupting this confidence game? you have to show everyone we've backstopped the financial institutions, you don't need to worry about your deposits, at the same time try to slow down the strength of the economy. but we are starting, brianna, we are starting to see the
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beginnings of cracks. the most important thing i would tell you about this story is it's the domino effects. it's the things that we don't yet know. it is what it will do to payroll. what it will do to other businesses. what it will do to borrowing costs. a lot of debt is going to come available between '24 and '26. if you have to go out and refinance when rates are at exceptional highs, what will that do to the marketplace? so right now there's a lot of things you don't yet know about the consequences of what we've seen over the last five days, but the key thing is we have to calm the fears, and that is what the fed and the treasury are doing right now. and that is a coordinated dialogue that's going on with the ecb and around the globe. >> i do think that's something that we take from 2008, we are primed to worry about what we cannot see and what we do not know. and justin, you've been pretty consistent in recent months saying that recession fears are somewhat overblown. where are you right now? >> brianna, i think you mean
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i've been pretty right in saying recession fears are overblown. but where i am right now i want to remind viewers of one thing. the banks that are in trouble now are small banks. the thing about small banks is they're small. that's completely different than 2008. so if we do have further banks like first republic collapse, that will be very sad for the folks who work there and the shareholders will lose money. but in terms of its implications for the broader american economy as a whole even if all the small banks tightened up their lending enormously it would have a very small effect because most of the lending happens out of the large banks. and so i worry about the people who are directly affected by these collapses but i'm not so worried about broader macro economic spillovers. >> alexis? >> there's parts i agree and parts i disagree, right? yes, these are regional banks. but silicon valley was the 16th largest bank, right?
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so they still have a structural impact on the banking system. and really what it is, it goes back to this fragility and confidence. so the key thing here right now is if you look at where the marketplace is, yes, the marketplace is reacting positively to what the treasury secretary said on the hill today. we have to calm fears. if jpmorgan or morgan stanley who are in discussions with first republic bank right now can find a happy solution, that will abate the nervousness in the market right now. the issue, though, is that a lot of venture capital and technology money, a lot of health care money, were associated with some of this bank risk. so when you simply just say okay, some of the mid-sized banks, not as big an issue, as long as we know that they're folded into another large institution and you can feel safe about that. but there will be impacts in the commercial market. we're seeing debt basically on companies that are what you call high yield, a little riskier, get a little dangerous. right? because can they pay their bills? right? those will be the kinds of
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questions we start seeing in the months ahead. the reason goldman sachs is coming out and saying of they've increased the risk of recession by 10% is because what we're starting to see are some structural issues that we need to wrap our arms around and some of that, right? is a reflection of raising interest rates so quickly to address inflation. so right now we're a little bit between a rock and a hard place. but i do believe there is more to this story than necessarily meets the eye and we're going to spend some time getting familiar with that over the next six months. >> yeah. our eyes are wide open right now. al alexis and justin, thank you so much for your time. i appreciate it. this morning the u.s. military is releasing dramatic new video showing two russian fighter jets intercepting a u.s. surveillance drone, leading to the drone crashing into the black sea. you can see this here. the jet approaching. that's fuel that it's dumping there on the drone. and then here there's another high-speed pass and also the dumping of fuel. the pentagon says the jet
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actually collided with the drone on this pass here. you can see the camera feed going down. and when the video resumes you can see damage to one of the drone's propellers. there you see it on the upper right-hand side of your screen. that led operators to bring this drone down in international waters. cnn's oern liebermann is at the pentagon for us. oren, what more are u.s. officials saying about this encounter? >> brianna, from the very beginning we've heard u.s. officials from the pentagon and the white house say this was an aggressive action by the russians and by those fighter pilots. you know see how aggressive and how clear it is from the video that this was intentional, the maneuvers around, the approaches, the intercepts, all done in addition to the dumping of the jet fuel. and we've also heard from two officials familiar with the intelligence that the orders to carry out such aggressive intercepts, to disrupt, to disturb the operations of the surveillance drone over the black sea, came from some of the highest levels of the russian ministry of defense. crucially, those o'feshlz say it's not clear if that reaches all the way to the kremlin and
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it's not clear that russian president vladimir putin knew about this in advance. but the orders to essentially mess with or harass the u.s. drone came from some of the highest levels are of the ministry of defense. it's also not clear if there was a specific instruction to down the drone. you saw the collision there in the video. the impact, the contact between the russian sukhoi firefight jet and the u.s. mq-9 reaper drone it was that impact that damaged the propeller and forced the u.s. to bring the drone down in international waters. we reported yesterday that cnn has learned that russians have reached the downed drone site, about 70 or 80 miles southwest of crimea. the u.s. says there's probably not a lot of worthwhile sensitive data to glean from that, the wreckage happened in nearly a mile deep of water, brianna. >> oren, thank you for the very latest on this. amazing new video that we're seeing there. joining us now, we have retired army major general james spider marks. general, you're seeing this. these are critical moments we
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are told from u.s. officials of what was a 30 to 40-minute encounter with these russian jets. what stands out about this to you? >> well, the stupidity on the part of the russians. let's be frank here. i mean, it's no surprise that the assessment is that the orders to interfere with this international airspace peaceful mission on the part of the united states was directed from above. and then you have two sukhois that are in the area and so they do their thing. and it's crazy. who drops fuel on another aircraft? and then you ram into it. which affects its ability to maneuver. and so the united states very wisely puts it down. this is a level of provocation that is incredibly -- look, it's incredibly unbelievable, but it's believable when it's coming from the russians. this is the russians, brianna, operating in what's called the gray area.
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look, they're not going to directly take on nato and the united states in ukraine. so they'll operate on the tangents and they'll do what they can even though this is completely within legal parameters. this is international airspace. international waters. yet the russians are interfering. so it's their ability, their desire to try to exercise influence, and i would also think this is a sphere of influence thing as well where they're directing or at least they're stating through their actions that the black seal belongs to them, which is lunacy as well. >> we look at this, and it's nuts, quite frankly, this video, what you see happening here. but i do wonder if it is encouraging to you that this entire incident has not brought about more escalation. >> it is exactly the right approach toward this. when you saw the secretary austin and general milley conference yesterday, both of those gentlemen were incredibly calm, very clear-eyed, very
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deliberate, unemotional about what took place. and you understand of course -- i mean, you're married to a soldier. you get it. the first rule of engagement is to de-escalate. you want this thing to calm down. and you de-escalate either through wisdom or through overwhelming firepower. and maybe both. in this particular case wisdom is what it took. a very calm approach toward this. and let's just let this thing de-escalate and let's let the diplomatic avenues take place. let's engage with the counterparts, keep the communication lines open. and let's approach this very, very calmly. because this could be -- you've heard the narrative, is this an act of war? how are we going to respond? we need to be more aggressive. it was appropriately handled by our administration. >> yeah, restraint can be a tactic as well. major general spider marks, thank you so much for your time. >> thanks, brianna. a new twist in what could be the biggest legal threat to former president trump.
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investigators in georgia playing an audio recording, this is a new recording, for the grand jury, the special grand jury there of a phone call that trump made to a top state lawmaker pushing him to help overturn joe biden's win in the state. the public has not heard this call. plus, all eyes on texas where a federal judge could rule any minute on the fate of a long-approved abortion pill. and tiktok's time could be up soon. a new ultimatum from the biden administration could lead to a total ban on the app in the united states. 50% off?! that deal's so good we don't even need an eight-time a all-star to tell you about it. wait what? get it before it's gone on the subwaway app! ♪ ♪ ♪ a feeling this electric is invite only. ♪
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jury deciding if trump should be indicted, making those recommendations anyways. cnn's senior crime and justice reporter katelyn polantz is joining us now. katelyn, what more do we know about this recording? >> three audio recordings that grand jury in fulton county heard as they were deciding whether to recommend prosecutors should charge donald trump and others. we don't know what the prosecutors are going to decide, whether is that evidence will come back into play in a possible criminal case and maybe even a trial. and we haven't heard this third audio recording yet. but we know that it was a phone call that donald trump made to the georgia house speaker david ralston in december of 2020. ralston the day after this phone call spoke about it. it wasn't known there was a recording of it. but he said that basically trump was saying to him that he wanted to convene the state legislature in georgia, to convene the georgia general assembly so that they could block the popular vote in that state in which he
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lost. that's a little different than the call he was making to the secretary of state's office twice, those two other recordings where he was trying to get them to investigate pos possible election fraud. so it's another aspect of this pressure campaign. and this audio from ralston is available. ralston himself is dead. he died. he passed away in december. and so he wouldn't be able to talk about it at this time. but the audio lives on and did become part of this potentially evidence in this maybe upcoming case. brianna? >> and katelyn in the meantime there's a new chief judge in d.c. federal court that could play a key role in trump's legal troubles. could you tell us more about this judge and the impact he may have? >> that's right. this judge, who has been sitting on the bench since the obama administration, his name is james boseberg, he goes by jeb. he's well known in washington. he dates back -- he went to yale law school and was a housemate with brett kavanaugh, now the
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supreme court justice, at that time. but jeff bowsberg, he now is going to be the person that decides on what happens anytime there's a challenge about the justice department's grand jury proceeding. so jack smith, his investigation into donald trump around mar-a-lago, january 6th seeking information from witnesses, documents. if anyone challenges any of those things, boasberg will be the judge who steps in and decides whether they have to appear, speak more, provide information. he's going to be getting that gavel tomorrow to become the chief in the d.c. district court. brianna? >> critical role. katelyn thank you for the reporting. gloria borger and former prosecutor he renato more yachti. this is not the first time we've heard about this call between trump and georgia's former house speaker. it is however the first time we've heard it was recorded, that it was played for the special grand jury.
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what's the impact potentially here of hearing trump's voice in this recording talking about the potential of calling a special session? >> well, i think it's very important just as the call to the secretary of state brad raffensperger was very important for the general public to listen to. but you know, you have to consider this in the context. i made myself a list here of the calls that donald trump was making in december of 2020. so he called the house speaker. he called a georgia election investigator. he called the governor of the state of georgia, kemp, because he wanted him to convene a special session. and then he had former senator perdue met with the governor, asking him to convene a special session to try and overturn the election. we don't know who put him up to it but i have a good idea who might have done that. so you look at this in context and you see that donald trump was growing more and more and
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more frustrated because he couldn't do anything. >> that it was a campaign of communication. >> totally. >> and it paints that picture. renato, the process then is you have the special grand jury making these recommendations. the question of course is will the former president actually be indicted? and the fulton county d.a. fani willis still has to make those charging decisions. she said in january it was imminent. where do you think she may be heading? >> well, i think there's no question that she's heading toward preparing an indictment and presenting that to the grand jury. i really have no doubt at this point that that's the direction she's going. i think really what this recording reveals to me, or the existence of this recording, is i think it makes it more likely that she's going to pursue more sweeping charges. you mentioned a moment ago, brianna, this is almost like a campaign, right? and i think it seems to me it suggests a pattern of activity. right? gloria just mentioned a moment
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ago all of these phone calls he was making at the time. if you're on the defense side you always want to portray missteps or questionable behaviors as a one-off or an error in judgment. and i think really the power of this recording is really that it suggests that there's a pattern of activity and it really -- i think for example the georgia, fulton county d.a. is probably considering some conspiracy or rico charges. >> so when you say more sweeping, that's what you're talking about? >> that's right. i think right now, brianna, there's an internal debate going on within the fulton county d.a.'s office that often goes on when there's a key case where there's people -- and i'll put myself in this camp, when i was a prosecutor i always wanted very narrow charges. let's put up just the strongest charges we can most readily prove, and then we've vind icatd
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the interests of justice by getting a conviction on something. that would be something like interference in an election, forgery, more narrow charges. but there's certainly prosecutors there advocating for more sweeping charges as well. >> so gloria, you have the new york grand jury hearing testimony in a case against trump. his former personal attorney michael cohen testified before that grand jury twice this week and here's what he told cnn this morning about it. >> they have a tremendous amount of information. a lot of people have attacked my credibility. truth be told, at the end of the day they can attack me all they want. this case is not going to be predicated on any one individual but rather it's going to be predicated on the documents, the evidence, the text messages, the e-mails. >> but donald trump's current personal attorney told cnn last night that being indicted will basically get trump elected next year. here's that. >> i think a prosecutor would say hmm, you know, he's a very
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democratic prosecutor, that's been supported by the far left, going after perhaps the most far right guy you have out there, and i think he's thinking if i prosecute him i take him out of candidacy. if they indict him,'ll it will embolden him. i think it will -- because he will win this case. it will catapult him to the white house. >> gloria, what do you think? >> look, i'm not sure who's going to win this caste. i know a lot of lawyers are debating whether to even bring this case because there are so many other cases, the georgia case we were just talking about, the classified documents case, how they wound up at mar-a-lago. and i think that what donald trump will do is if he is indicted on this he will play victim and he will say just what his attorney was saying, that this is this was a biased prosecutor, democratic and out to get him. and you know, brianna, he has played the victim card very, very successfully in the past,
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even as the documents case opened up and they found those classified documents at mar-a-lago he raised an awful lot of money after that, if you'll recall. so i think that is exactly what he would do again if this is the first case brought against him. but once the special counsel decides what to do, once the georgia case, is there an indictment or isn't there an indictment, i think that will be a pile-on that will be very different because those cases are much more serious. >> very good point. gloria, renato, thank you to you both. and coming up, we have some new numbers that show a spike in pregnancy-related deaths in the u.s. what is behind this? we'll be discussing that. (screaming) defeat allergy headaches fast with new flolonase headache and allergy relief! two pills relieve allergy headache pain? and ththe congestion that causes it! flonase headache and allergy relief. psst! psst! all good! it's easy to get lost in investment research. introducing j.p. morgan personal advisors.
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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. a federal judge in texas says he will decide as soon as possible whether to overturn fda approval of the abortion pill mifepristone. trump appointed judge matthew kacsmaryk heard about four hours of arguments on wednesday and suggested he is seriously considering undoing federal approval of what is a widely used abortion drug. this has been available for more than 20 years. and medication is the most common method of abortion in the u.s. if the judge rules in favor of the anti-abortion plaintiffs, it could have profound consequences nationwide. i want to bring in cnn justice
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correspondent jessica schneider on this. any way that he indicated he may be leaning here, jess? >> well, he asked a lot of questions, that's for sure, brianna, and he did seem open to really undoing the fbi's -- sorry, the fda's approval of this abortion pill, which is exactly what these anti-abortion groups want him to do. but at the same time he also expressed this be possibility that maybe he could take a more incremental step here and keep the approval in place but actually block some of the recent changes that the fda has made making this pill easier to get by mail. either way, though, there's a lot at stake in this case for millions of women. and it's all in the hands of this one federal judge in amarillo, tx text. he has the power here because he's the only judge in this district that decides and hears these cases to determine whether in fact the fda approval for this drug will be blocked. he got onto the bench in 2019. he was nominated by the former president, donald trump. and he does have this history of
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anti-abortion activism. he served as a lead lawyer advocating for the right and religious freedom groups and he's been really outspoken at least in the past on issues like same-sex marriage. i talked to someone who was a good friend of his yesterday, brianna, he says that judge matthew kacsmaryk, he is all about intellect and not necessarily his beliefs and he believes that he will really rule by law. and that's something of course that the judge had pledged to do at his confirmation hearing. a lot in question now, what could really be a very consequential ruling here that could come down to any minute. the judge said he'll be ruling as quickly as possible. so we wait and see. brianna? >> watching amarillo. jessica schneider, thank you for that report. so while that case is playing out, the cdc has a troubling new report and it is showing that an increasing number of women across the u.s. are not surviving pregnancy or childbirth. it found that in 2021 more than 1,200 american women died from
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meg nancy-related issues, which is nearly double the number from three years before. cnn health reporter jacqueline howard is joining us on this story. this is so alarming. what is happening here? >> it's very alarming, brianna. and we've known that the u.s. has had the highest maternal death rate among all other high-income countries in the world. but this new report tells us that the situation is only getting worse. as you mentioned, in 2021, that's the most recent year for which data were available, we saw more than 1,000 women die due to maternal causes. that was up from previous years. and we're seeing that black women are still at least three times, nearly three times as likely to die due to maternal causes than white women. and the maternal death rate among black women is well over the national average. why are we seeing these rises in maternal deaths? brianna, experts say it comes down to as a nation we could do better with providing postpartum
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care for women after childbirth, we he could do better listening to women when they say something feels yong during pregnancy or childbirth. and in the past few years we've had the covid pandemic and that has exacerbated the issue. so the nation has a lot of work to do to make sure women and their babies survive childbirth, brianna. >> yeah. it's essential. jacqueline, thank you for that. coming up, the clock could be ticking for tiktktiktok. what the biden administration is threatening to do if the chinese owners don't spin off their shares. next. i call doing the d door code! ...the hostt doesn't stay with you. it looks exactly like the p picture. because withouout privacy in your vacation home... it's a full log cabin guys. ...it isn't really a vacation... we can snuggle up by the fire. ...is it? wow, oh my- [birds chirping]
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turning up the pressure on tiktok, threatening a possible ban in the u.s. if the app's chinese owners don't divest their shares of the company. cnn tech reporter brian fung is joining us now. brian, is this really going to happen? is this potentially a thing? it's hard to imagine america without tiktok. >> yeah, brianna, it does appear to be a thing. tiktok confirmed yesterday that the biden administration wants tiktok to be spun off from its chinese owners or else it could face a ban in the united states. now, this represents a potential turning point in the long-running discussions that tiktok has been having with the united states government about whether or not it can continue operating in the united states despite security concerns about u.s. user data and whether or not it could be handed over to the chinese government for intelligence purposes or military purposes. it also represents a hardening stance by the biden administration after it's
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received criticism for not acting swiftly enough on the tiktok issue. in recent weeks and months we've seen a number of states implement a ban on tiktok on government devices, a number of lawmakers have proposed bills that would ban tiktok nationwide. all of this is putting more pressure on the biden administration to wrap up this two-year negotiation with tiktok and to reach some sort of conclusion. tiktok is saying that divestment is not the answer. it has put forward a number of voluntary measures intended to safeguard u.s. user data. it says it's put in place technical and bureaucratic measures designed to ensure that no one who is unauthorized can get access to that personal information. of course, many of tiktok's critics say that's not nearly enough. brianna? >> really interesting. i don't have tiktok. i have had concerns about the security. i also am a very bad dancer, which made it a much easier choice, brian, as you can imagine, because that's a big
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part of it. brian fung, thank you so much. nba star ja morant has learned his punishment for flashing a gun in a club for millions to see on his instagram live. we'll tell you what he's saying about it next. smart bankers. convenient tools. one bank with the power o of both. chase. makeke more of what's yours.
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learned his punishment for holding a gun in a instagram live video. the video shows him holding a gun while at a nightclub outside of denver. the nba has spuspended morant fr eight games without pay. what's he saying about all of this? >> he's saying he has to be better going forward. they suspended him for what they called conduct detrimental to the league. the nba's investigation concluded that the gun department belong to maorant. he met with silver before talking to espn. >> i can see the image that i painted over myself with my recent stakes, but in the future, i'm going to show everybody who ja really is. >> reporter: the suspension is retroactive, so morant's actually only missing two more games and will be eligible to
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play on monday. >> on monday. all right, so do you feel any different now that march madness is kind of officially started, just over an hour ago? it feels a little different. what's the biggest matchup today for the men. >> it is. i'm ready to get out of here and go hang with some friends and throw a few back and watch some games. top overall seed alabama is playing today. vegas favorite houston is as well, brianna, but for the first time in four decades, duke is playing in the tournament without legendary coach k., mike krzyzewski. they're plagying oral roberts with john shyer leading the way. kennesaw state, one win four years ago, but now playing in their first ever ncaa tourn tournament. >> when i hear your reaction to i it. >> i can remember four years ago
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when we would run out and it literally was 150 people. and man, most of it was family and friends. it was incredible. it was a big time. my brother, shareef, he was here. he was like, how long have y'all had that. it just wasn't enough people in here to make it sound off. >> i'll have the owls, a 14 seed, upsetting xavier. a three-seed in the first round of my bracket, brianna. they seem to have the type of magic that could make a little bit of a run this march madness. >> you like them. and you have the magic. what is the magic? are they good enough? what makes you think they might be? >> it has that elusive it that some teams have in sports. sometimes it comes from their fearless leaders. sometimes it comes from great leadership within the locker room. a great group of young men or women. stanford's running away. they have that magic it, my alma mater.
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we'll see how they do and what i know. >> i'm a cal grad, so there we go. we'll see. it is something to see a cohesive team, you know. there is something magical about that. coy, thank you so much. and that's it for me, but don't go anywhere. we have much more news ahead. ♪ ♪ a feeling this dynamic is invite only. ♪ fortunately, you're invited. experience the exhilaration of the performance line at the invitation to lexus sales event. hey, man. you could save hundreds for safe driving with liberty mutual.
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