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tv   CNN This Morning  CNN  March 23, 2023 4:00am-5:00am PDT

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oh wow. notice mike, you can see there is it snaps swan dive from a 10 story podium. fortunately he was over a body of water. can you imagine if the water body of water there, of course he did, then managed to resurface and swim despite the fact that his feet were still tied together together. he was left covered in bruises. and he says the park did refund the cost of the jump paid for his x rays and ultrasound. scans. i think that's probably the least they could do. all right. we'll stay on top of that. that alarming video this morning twenties, okay, this morning continues right now. two pieces of former presidents, multifaceted legal saga we've learned that the district attorney's office is weighing whether or not they should bring michael cohen back
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before the grand jury. this is a warning sign for prosecutors and the fact that they're considering this is a real problem. the major loss for trump in the mara lago classified documents case dc circuit court of appeals ruled that trump's attorney must testify again before washington grand jury. this is a real serious ruling judge thinks there's probable cause there's a crime here. ticktock on the hot seat as the ceo appears before a house committee and just hours some politicians have started talking about banning tiktok. now this could take tiktok away from all 150 million of national security concern. there's a privacy concern here. they are under pressure, like no other tech company. los angeles serie hit by a rare tornado, the strongest in 40 years. we thought it was an earthquake. they started screaming earthquake power just went out. and then everyone started running. watched it come flying straight across there. unbelievable 150 ft. tall just swirling around. you just don't think southern california having this storm like this. the
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federal reserve just raised interest rates again despite the bank meltdowns rattling financial markets banking system is sound and resilient has to do two things at once, it has to ensure the stability of the banking system, but also keep up that inflation type. and off duty pilot taking over in the cockpit of a southwest flight after the captain suffered a midair medical emergency captain became incapacitated while en route. he's in the back of the aircraft right now at the flight attendant, but we need to get him on an ambulance immediately. can you imagine everyone thinks about what would i do if i was if you were on that plane? no. but that is hate this cliche worst nightmare. but that is a nightmare nightmare. yeah if we needed more anxiety and flying i happening right now. so speaking of good morning, everyone welcome into cnn this morning. we're following major developments in two different investigations of the former president donald trump. his own
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defense attorney has been ordered to testify tomorrow in the special counsel's probe of classified documents at mara lago. this is a huge legal blow for the ex president and appeals court has agreed that trump may have used the attorney, his attorney to commit a crime when the fbi was trying to locate and retrieve top secret files from trump's private club. we're also learning that the attorney needs a turnover handwritten notes that could end up being key. evidence we're going to explain all of it to you. there's a lot here. also here in new york, it could be a very big day in the stormy daniels hush money investigation. the grand jury is set to reconvene today as it weighs charges against trump. any indictment would be unprecedented. no sitting or former former president has ever been charged with a crime in u. s history. so we turn now to cnn's caress. canal has been following this case and is here with us now care. we know
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there's a lot we're going to break all of it down because there's several different cases here. but let's talk about what this costello testifying in the impact that it has with the d a s office, etcetera, etcetera, etcetera, right, so robert castel. he was a witness to testify before the grand jury on monday, and that was at the request of trump's legal team. he told us that he said that he said he michael cohen was wrong that michael cohen live that cohen cohen said that he made these payments. the hush money payments in coordination with at the direction of donald trump. costello said when he was talking to cohen in 2018 and representing him that cohen told him that trump had no involvement so since then are reporting in our sources tell our colleagues that the d a s office is regrouping. they're looking to see whether they need to bring in another witness, whether they need to bring back michael cohen or whether they're satisfied and they'll move forward. so there's just a lot of uncertainty because the grand jury process is secret. we know that they are coming in today. it's unclear what will be before them today could be a witness. maybe it maybe it will. they'll they'll hear something else, and
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it won't be related to this case. but it's we now reaching this point where it feels like a decision is going to make because you know whether they're going to bring in another witness to try to rebut costello or whether they will make a decision and asset grand jury to indict. as the saying goes right at grand juries to indict a ham sandwich, meaning they generally will hand over an indictment. so then it's up to alvin bragg to make just such a critical decision that no prosecutor has ever made. as don said before in u. s history, do you indict? trump on this. do you charge trump with a crime on this? and he said a few days ago. my office will not be intimidated, right? and i mean, they're they're doing their job right there doing this behind closed doors, and there's not a an imminent deadline. this grand jury sits until june so they could take more time if they wanted, although they have presented all the witnesses that , you know, have some nexus to this or most of them, but they can take their time given the
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historic nature of this and given how there considering charging it, using potential laws that have not been tested in this way, this falsification of business records and tying it to campaign finance. so there's a lot at stake here. i think there's being considered in making their decision. and then then they can go to the grand jury and asked them to vote. but the timeline of this we're just not sure how soon or how long it will take. it was chris christie, but someone said, you know, you talked about poppy, that dieting hand sandwich, they said. the trouble for donald trump is that you can also convict a ham sandwich as well. it's very easy, so i don't case very tough case, but that that is what, um meaning, i guess. quickly the ramifications could be when it comes to this, so we'll see. we'll see. thank you, kara. appreciate it, and we're busy today. also now we're going to talk about the other investigation that we have been tracking very closely this week. this is into the classified documents because yesterday an appeals court has ordered that trump's own defense attorney,
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the one you see here, ivan corcoran must testify tomorrow and turn over his handwritten notes. i want to bring in cnn's justice correspondent jessica schneider, just get i was struck by the statement from ty cobb, who, of course, was a white house attorney when trump was president that, he said last night, he said trump has turned more attorneys into witnesses than any criminal defendant in the history of the u. s justice system. obviously you know, speaking with some hyperbole there, but but making the point that it's just remarkable that we're seeing another trump attorney going for the grand jury, this time with no attorney client privilege to say to why he can't answer certain questions. yeah so this is a big blow to trump and his legal team, but a big boost for the special counsel. this is a top trump attorney being compelled to give this testimony about his interactions with trump and in this case in the courts have really moved swiftly on this. this has been a rapid fire legal battle that's only played out over the past couple of days, and we've learned that corcoran is expected to appear before the grand jury actually tomorrow, and this is all really potentially key to the special counsel classified documents
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probe. because i'll take you back. corcoran is the attorney who drafted a statement in june . he said that trump's team had done a diligent search of mara lago that there were no remaining classified material there. but in fact, weeks later , the fbi searched mara lago found hundreds of government records, including some of that classified material, and then in the wake of that in in january, corcoran was called before the grand jury. he was asked about what happened in the lead up to that fbi search, but he declined to answer some of the questioning because he did. site that attorney client privilege. doj challenged that. they said that corcoran's discussions with the former president really could have been part of an attempt to plan a crime. and because of that, corgan should be compelled to testify. so caitlin, that's exactly what is happening here. evan corcoran lost at the district court level. now he lost at the d c circuit court of appeals and now scheduled to testify before the grand jury tomorrow. and they're not going to go to the supreme court, which i think is something people may have
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assumed they were going to do yesterday. but what is the trump team saying because they're clearly not happy about this. they think it says something about the merits of the actual documents investigation itself. yes so they're responding here, caitlin. they're saying there is no factual or legal basis or substance to any case against president trump. the real story here is that prosecutors only attack lawyers when they have no case whatsoever, but really in reality, caitlin, this is significant because evan corcoran, he may have that key information about what transpired behind the scenes throughout all those months of negotiating with doj to get those classified documents out of mara lago back to the government's hands. and key here , caitlin, you know whether there was any obstruction by the former president by any of his top aides in getting those documents back into the government's hands, so evan corcoran could potentially have a lot to tell the grand jury when he meets before them tomorrow. now the big question is. what does he say? jessica schneider. thank you. alright
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let's talk about all of this with former assistant special watergate prosecutor nick akerman. will you have some experience in this little bit little bit? all right. where do we begin? i know that you think that they're likely to immediately. grant evan corcoran . um immunity if he should take the fifth. so let's think he's extremely important witness. let's take that immunity question off the table. why is he so key? because it all revolves around the obstruction. issue. and there's a grand jury subpoena that was served on the trump people back in may of 2022 , asking for all the documents that he still had in his possession, and at that time, a lawyer by the name of christina bob provided a declaration affirmation and certification, saying that there had been a diligent search and that these were all the documents basically diligent search was conducted the boxes that were moved from the white house to florida.
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that's right. signed sealed, delivered exactly and it turns out that she really didn't conduct that investigation. she later said that she, um can put other language at the bottom of that certification, saying that it was to the best of our knowledge, and it turns out that the person who drafted that declaration was corcoran. so the question is. what did donald trump say to him about that? who did the investigation? when was it done? how was it if somebody did a diligent search that they didn't look in donald trump's office and in his own desk drawers where he had all those classified records, including his safe, his personal safe that was in the office in his bedroom, too. so i mean, this search clearly wasn't diligent. there were conversations and phone conversation between cochran and trump at the time, and the question is what was said. i mean, this is unusual with an attorney client
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privilege. it doesn't happen all the time. the purpose of the privilege is so that a client can come in can tell you what happened and you can give him advice and here it wasn't. i mean, i think what the judges found was that with donald trump was doing was basically using the attorneys to perpetrate a criminal scheme to obstruct the government and obtaining the rest of those documents at the risk of stating the obvious and overseeing the obvious. we're talking about the classified documents is caitlin and i have been talking. there's so much like that. it just comes at you the viewer at home. wait, what are they talking about? the d a. is as george's as well. this is just this is the classified documents that we're talking king about now. i just want to give the trump response and get you, the spokesperson said. there is no factual or legal basis or substance to any case against president trump and then added, the real story here is that the prosecutors only attack lawyers when they have no case. what so ever it's part of your reporting and other reporting here from this response. what
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are your what are your thoughts? best evidence is the last time that somebody obtained documents that were claimed to be attorney client privilege by trump's people. john eastman had to turn over an extremely significant email to the january 6th committee. we're basically he admitted in that email that trump was going to file a false declaration in federal court in georgia, knowing full well that all of these allegations of voter fraud were false that there were no dead people voting that there were no people from out of state voting, etcetera, and that was a situation where judge carter in california found that the attorney client privilege did not apply because um, it was it was it was in furtherance of a crime. and that was the crime in the same thing had to have been found here. we don't know the details of that. we don't. there's a lot we don't know. and i think that's where we don't even know what evan corcoran is going to say. we
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don't know that it will be damaging. maybe it won't be. that's right. but i think what's so remarkable to look back at this is that that is john eastman has nothing to do with this. but the fact that twice and just the span of this period of time judges have decided that trump attorneys can go and they don't have the attorney client privilege protection is so rare so rare, but the fact of the matter is clearly clearly beyond any doubt with john eastman. that was a statement that was in furtherance of a crime where they were going to be filing false information about there being election fraud. we have to go on. want to talk about just the d a. this is the manhattan one that i want to talk about. that was a document. this is manhattan. i said something, um earlier about. you know, you can indict a ham sandwich and i thought it was chris christie said. but i think it was alan dershowitz has said that it was that you can convict. but in new york, you can also convicted him sandwich because the jury pool will be very much against trump and the judges will be very much against trump. what do you make of that can be able to convict anybody every jury i've ever had
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in manhattan has been extremely serious. they take their jobs seriously. they look at the evidence. in terms of the grand jury. even look, i've been in this situation before you take your time. this is an extremely important case. the stakes are very high. they don't want to screw it up. they want to make sure it's done properly and if it takes another day to make sure that they've got all their t is crossed in their eyes dot it, so be it. that's what they should be doing. that's the responsible way to conduct this investigation. thank you, nick. thank you. good to see you. good to see you. federal reserve did raise interest rates again. why? chair jerome powell says it may be close to the end of breaking these hiking these rates. that's ahead ranking. these. quick engagegement rings now up to 40% offf. you found the one now find the ring sales. the diamond stor there's some things that
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the adviser match quiz now at smart asset .com was this close? it's close. longoria searching for mexico premiere sunday at 10 on cnn. happening right now. as you can see here, there are major protests happening in two key cities. paris on your left jerusalem on your right in france. 12,000 police officers are mobilizing this morning as the country is bracing for even more protests over a policy from the french president, increasing the retirement age from 62 to 64
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on the right in israel, a separate protest but one that is ongoing. this is about the government's push to weaken. the judicial system and the supreme court. we're going to continue to monitor both this morning is they're both very important and have been building for weeks happening today. tiktok ceo show chu will be making his case to lawmakers with the popular apps future in the us, it's really on the line right now use officials are threatening to ban tiktok. ooh will try to reassure policymakers that it isn't a national security threat. that's his mission today. he plans to argue that the apps parent company, bytedance. is not an agent of china or any other countries, so let's bring in our caitlin chen from the center for strategic and international studies, where she researches technology regulation in the united states and abroad. caleb was so happy to have you this morning to get us to walk us through the story. thanks so much. kent you prove to lawmakers in his testimony today that the us user here that the data is safe from users here,
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and that is a big concern. i think a lot of lawmakers have already made up their minds about tiktok and whether or not a poses a national security threat. now there is no universal consensus among lawmakers about what exactly this threat is. on one hand, some lawmakers are saying that tiktok is like digital opium or, like fentanyl that's addicting our children and then we have other lawmakers that are saying that the chinese government is using tiktok as a spy vessel as a propaganda tool. now we don't have any any actual evidence yet , but the chinese government has done so. but i would expect that anything that showed you says before congress will not make a big difference. you write an article and this is for barron's and its title. the plans to ban tiktok aren't really about tiktok. and in it, you wrote in part, calls for a ban were never really about tiktok. they are about china, and it could have unintended consequences for u. s businesses. can you explain what
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you mean by that, caitlin? sure a lot of the concerns about tiktok or that the chinese government because of chinese surveillance laws can broadly access personal information that's either stored or transferred within borders. now if the united states either bans tiktok or forces tiktok the cell to a us company, this isn't going to affect just tiktok. this could potentially affect any chinese or even any non us company that wishes to operate in the united states. in 2023, every company operates a website. every company collects data. so every company is a tech company. but it could also affect us companies as well that wish to operate abroad. there are a lot of countries that have concerns about the lack of data privacy laws in the united states. there are a lot of countries have concerns about u. s government surveillance, too. so if the united states takes this very unprecedented move to either tiktok, or force it to divest, this could have longer term ramifications for the global economy. at least 150
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million people will be watching at least thank you very much. caitlin chin. we appreciate you joining us. thank you sure to watch cnn primetime. tonight's in ends. abby phillip is going to host it is time up for tiktok. tonight nine eastern right here on cnn. all right, the federal reserve making clear yesterday it is not letting up its fight on inflation. yet despite concerns another interest rate hike could stress the banking system even more yesterday marked the ninth straight increase of interest rates this time by a quarter percentage point. fed officials noted the recent banking turmoil likely will actually help in its fight on inflation, leading to tighter financial conditions, hopefully helping their mission of slowing down the economy. i know it seems antithetical, but that's why we have jason for german here. harvard professor and top former obama economic adviser to explain jason morning this is what you thought would happen 25 basis points. i just wonder did the fed sort of split the baby here and not help inflation that much but not hurt
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the banks. that much. so where does that leave us? i mean a little bit, but there was really no good choice here. they have this problem with the banks. they don't know how big that problem is. they have a problem with inflation. they don't know if that problem is going away. and so you know, splitting the baby might have been might have been the best of the bad options here. you just said they don't know how bad the problem with the banks is. but we heard powell say yesterday quote our banking system is sound and resilient with strong capital and liquidity, is it well, i would separate two questions. one is your money safe in the bank? absolutely first of all up to $250,000. it's insured above that. i believe they're going to make sure that everyone can get all their deposits out. there's been a separate question, though , of our banks going to continue lending. and how much are they going to continue lending? certainly less than they were before. how big that credit
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crunches for the economy? that's what they don't know. that's what no one knows. credit crunches that larry summers warned about when he was on with us last week. that always hurts. this lending issue is going to hurt the smaller companies, the more vulnerable folks, it's not the big guys that get hurt in that. yeah absolutely. you're a big company. you might be borrowing in the bond market. interest rates have actually fallen, um, not risen. if you're getting your loans from a really big bank, you're probably okay. but if you're getting your loans from a regional bank from a small bank, so many small businesses are, um it. you know, the interest rate they post may look fine to you. they just not be willing to make a loan at that interest. you make that point, because this is why these smaller regional banks are so important 40% of loans. um, come from banks outside of the biggest 25. thanks. yeah that's absolutely right. and the fan is
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a tricky balancing act actually do want to slow the economy. they do want less lending, less borrowing, etcetera. they just don't want it to happen in a dramatic and uncontrolled fashion, and that's what we're trying to do. and mostly, they're using other tools. they're lending money to banks. they're extending deposit insurance at least two to banks so far, so they're using different tools. they have to keep that banking system alive while trying to focus their interest rates on their primary mandate. it, which is inflation . jason jerome powell also said yesterday that their actions demonstrate quote all depositors savings in the banking system are safe. but then in her testimony before congress later yesterday, treasury secretary janet yellen said this. and that's not considered or discussed anything having to do with blanket insurance or guarantees of the points. so are they or aren't they? protecting
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all depositors above 250,000 like they did for these two failed banks. look i think the communications yesterday was unfortunate. i hope it gets cleaned up very, very quickly. my own belief is having paid 100 cents on the dollar for the depositors at silicon valley bank and signature bank. they're going to continue doing that. maybe it's not a blanket guarantee, but it will be on a case by case basis. but every single case we'll get that treatment. you can't give money to these people in silicon valley and then have a bank in the midwest run into problems and not ensure their deposits to they're going to do it. but whatever they say quite a pickle there, and you can't pick winners and losers. um, but, yeah, i think that needs to be cleaned up right away for the american people, jason, thanks very much. thank you. also this morning in california, a rare tornado ripped through the los angeles area. it's the strongest that they've seen in 40 years. we're going to take you there.
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next with these remarkable videos coming out also off the clock, but luckily still on alert and off duty pilot actually had to step in when the plane's captain needed medical attention, mid flight. the captain became incapacitated while en route he's in the back of the aircraft right now with the flight attendants. w we handcraft every stearns and foster u using the finest materials like indulgent memory foam, ultra cononforming inner spsprings for a beautiful mattrs and indescribable comfort for a limited time save $300 on select stearns and foster mattresses. disrupts my skin. despitetill treatment, it disrupts my skin with it disrupts my skin with rash. but now i can disrupt eczema with invoke invoke is not a steroid topical or injection. it's one pill once a day, many taking her invoke, saw clear, almost clear skin while some saw
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shipping is free. 1 804 160972. that's 1 804 16097 to call now. i'm jeremy diamond at the white house. and this is cnn. what you're looking at. it's not oklahoma. it's not alabama that is los angeles video, a rare tornado that ripped through an industrial area in the city. it sent debris flying everywhere. as you can see here, this one in monte bella was the strongest the california has seen in four decades. officials say that one person suffered minor injuries. there was substantial damage to buildings. cnn's stephanie elam is lying on the ground. tracking this 70. i imagine people are a little bit of disbelief. i mean, i can see the tree through the fence behind you. i mean, i imagine they're a little shocked by all of this. yeah remember,
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caitlin? we were talking earlier about how this has just been like the weirdest winter ever in california. this is more proof of it as you take a look at how that tree is impaled. we know that at least one roof collapsed. cars were damaged windows were blown out all of this happening in just a few minutes as this was a very, very small tornado e f one, and it touched down for a very short time. debris flying through the sky in montebello, california, i saw what looked like a waterspout kind of tornado twister. that was about 30 ft. wide that just came through and was just bouncing like a cop in between picking up debris. the whole sky looked like a dump. the national weather service confirming the area in los angeles county. a rare tornado touched down wednesday. powerful winds tearing through this
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warehouse, damaging more than a dozen buildings in the area, blowing out windows and tearing roofs off buildings. torrential rain came down after this roof was torn from a seafood supply warehouse employees hid in the corner, unable to pull this metal door down against the wind . the warehouse was hit by the tail end of the storm that left the building battered with debris strewn throughout. the national weather service says the storm forms so quickly, no official warning was given to residents. this particular tornado spun up very quickly, and there's actually a subset of tornadoes that form too quickly to be detected and warned for and this happened to be. one of those on tuesday, a small tornado hit a city in santa barbara county, creating a very narrow and consolidated path of destruction. residents witnessed debris flying in the air and trees uprooted within a few seconds. my carport disappeared
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. i turned to go in the house piece of it hit me in the face. luckily was a flat piece didn't cut me. some of these awnings were flown up in the air several 100 ft and landed in tops of trees. and the power has been out in this part of montebello. in fact, when we got here, the power companies out here, restoring lights and getting this back up, but just think about this. we're talking about sustained winds of up to 110 mph strong enough to take that tree. pull it out of the ground. and throw it in pale it on top of that fence, caitlin and you know what, stephanie that i was just thinking about. i grew up in alabama. we had tornadoes every weekend. it felt like sometimes, but we knew what to do in advance of them. you know, they didn't know what you don't always get a ton of warnings. but you knew, you know, get in the bathtub. put your tennis shoes on. in case it does hit your house and you were walking around debris like what we've seen there, but i imagine a lot of people there. you know, they probably never experienced a tornado before. i'm sorry. yeah
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no, exactly. i grew up in california, caitlin, and this is not something that we talk about. we talk about earthquake we talked about a lot of things is not preparing for tornadoes. and this one happened so fast that there just wasn't a warning for people to even know that it was coming. and it was during daylight hours, so people were out here in this community working at that time, so yeah, just completely terrifying of this. something you just are not used to yeah, absolutely. stephanie elam. thank you. we don't we know that right? louisiana and alabama. i mean, it just comes out of nowhere, at least when, when you know when you have a hurricane, or even you know, it's coming a tornado . it's just it's crazy, california this story is shocking. there's a good ending to it. it's an off duty pilot who was flying as a southwest passenger stepped into action when the captain had a midair medical emergency. he helped with radio communication while another pilot at the wheel and together they safely landed the plane. right so there's a good ending to repeat. mountain joins us now. pete this is an incredible story. how did it all unfold? is there a pilot on
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board? it's kind of the dream sentence that every pilot wishes to hear when they're a passenger onboard a commercial airliner. you know a pretty amazing coincidence here after a lot of pretty bad headlines for the airlines think about this. the southwest flight 60 13 just took off from las vegas yesterday morning was bound for columbus, ohio, when only about 27 minutes in it turned back for las vegas . the pilot of this plane had an apparent medical emergency, according to southwest airlines , leaving only one pilot in the flight deck. that is one this passenger who was an off duty pilot from a completely different airline was pressed into service and into the flight deck. this is the statement from southwest airlines, it says a credential pilot from another airline, who was on board entered the flight deck and assisted with radio communication while our southwest pilot flew the aircraft would greatly appreciate their support and assistance. you have to think
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about this. this is so rare for something. things like this to happen, and it is a really serious incident. want you to listen now to the air traffic control audio from live at dot net where one of the members of the crew we're not totally sure if it was the southwest pilot or the pilot pressed into service communicated with air traffic control about the severity of this incident. listen okay, we're going to get air stairs out here captain became incapacitated while en route. he's in the back of the aircraft. right now. it's a flight attendant. but we need to get him on an ambulance immediately. southwest not releasing the condition of the pilot who fell ill. also a mystery is the name of the off duty pilot who came in to help. in fact, no airline really claiming that pilot just yet just a case of right place right time here don the faa is investigating. but one thing to underscore it's good that the 7 37 had another pilot, two pilots on board at all times. it's required by federal regulations can be flown with one pilot, but better to have two pilots done
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right on i've heard. is there a doctor on board? before seriously but never is there a captain on board or pilot onboard? unusual thank you, pete. glad there's a good ending to it, though. okay, lynn. just saying i hope something that is there. a pilot on board is no. thank you imagine, though, if you heard that over the intercom is there would be like, wait a minute. wow where's the pie? who's flying the plane? exactly right. all right. moving on. there are major developments in the trump classified documents investigation, the former president's own attorney. will now have to testify before that grand jury that is stunning, will explain why trump's former acting chief of staff, mcnulty, aini, is here to discuss that and a lot more next. so what do you think of when i say mexico? i'm eva longoria. i'm exploring mexico to see how the people to hola. are you hungry? i'm always
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major legal blow that he was dealt yesterday after his defense attorney evan corcoran, was denied attorney client privilege essentially meaning that he is going to be testifying tomorrow before a grand jury that is investigating the classified documents found at mara lago without being able to cite attorney client privilege on top of testifying. we are also told that evan corcoran must turn over documents notes that he took about his defense of the former president and the existence of these classified documents. in response to the ruling that we heard yesterday, the former president's team said there is no factual or legal basis or substance to any case against president trump. the real story here is that prosecutors only attack attorneys when they have no case whatsoever. joining us now for perspective on this is mick mulvaney, who is trump's acting chief of staff. at the white house obviously make you know the former president. well what do you think is going through his mind as he is thinking about his attorney about neo testify before a grand jury while having to talk about their private conversations. what's going through his mind? what's going through his mind is obvious. he thinks this is a
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witch hunt. they think this is a continuation of the russia collusion charge. the mueller investigation the first impeachment. what's happening in manhattan? i can tell you for a fact that that's what donald trump is thinking. he's seeing this as part of a series of attacks against him, whether it is or not, is open to interpretation. but that's exactly what trump is thinking. but do you think he's he's nervous? i mean, it's the idea that his attorney is going in. there is going to testify about everything they've discussed. listen attorney client privilege is the type of thing that lawyers and people in lawsuits will claim every single time, even if the attorney says 100% correct and legal things to his client. they are still going to invoke attorney client privilege. it's part of the practice. i used to practice law, so just because your attorney has to talk and has to testify doesn't mean he's going to necessarily give evidence that's bad for the client in this case, donald trump, but certainly i think it's a loss for the trump team, because what it says is that someone has been able to convince the judge that
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there was possibly conversations in furtherance of a crime. that's the only way you can sort of get through the attorney client privileges by making the case that that conversation was in the furtherance of a crime, so there must be evidence someplace. in this case, they convinced a judge that they might have been talking about committing a crime. that's a fair point. we don't know what evan corcoran is going to say. yet when he testifies tomorrow, you referenced the case here happening in manhattan that is separate from the oven. corcoran situation. this is what stormy daniels in the hush money payments. do you think it's inevitable that trump is going to be indicted? i do? uh, i think the political pressure is such the timing is such i think that the statue of limitations in this case runs in may. i do think he's going to be indicted. i don't understand the arrest part. whether that he'll surrender himself whether or not they will require him to surrender himself. whether or not they'll make any special accommodation for him because he is the former president, the united states because he does have secret service protection 24 hours a day, but i absolutely expect an indictment. there's no reason to go this far down the
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path if you are, mr bragg, district attorney in manhattan and not bring criminal charges. there is an argument out there that trump actually wants to be indicted that this could benefit him politically. what do you think of that? i think it's one of those rare cases where the extreme left in this country in the extreme, right. want the same thing, which is they want donald trump to be arrested. the left want to see him frog marched in his orange jumpsuit and the right wants to see him arrested because they think it will show that this has been a political witch hunt the whole time, and they think it will make donald trump more sympathetic. and honestly, caitlyn some of the polling data i've seen in the last week. supports that donald trump's numbers in a theoretical republican primary actually ticked up in the last couple of weeks. so yes, it's a strange place to unify the country, perhaps, but a lot of folks on both sides of the aisle right now want to see donald trump arrested but for trump himself this idea that he wants to be indicted. it seems i mean, i understand the argument being made by someone the right about
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that. but this is a really sensitive case for him personally because it's involving stormy daniels, which was a high point of tension with him in the first lady. he's going to be indicted. if that is what happens here. it's not, you know, it's hard to say that that's an advantage. you know just completely through. it's an excellent point. no one really wants to be indicted right when no one wants to be arrested. certainly no one wants to have your private personal laundry aired in public that you're absolutely correct about that. but at some point face it if you're donald trump, and you're thinking, look, it's going to happen anyway. let's make the best of it politically. let's have a chance to maybe make the argument that i have been targeted. maybe get the some of the sympathy from the from the swing voters in the middle. you might as well make the best of the situation. that's one line of reasoning that you might be seeing coming out of mara lago. last question for you. you're in washington. been talking about that hearing that's happening today on capitol hill, the ceo of tiktok will be up there trying to make his case before lawmakers. you actually went to a dinner with democrats and republicans last night is your sense that there's anything he could say to convince them that
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tiktok is not a national security threat, caitlin no, and it's very rare in washington about 10 years, and it's rare that i see a circumstance where anybody has no friends in washington, d c. where the republicans and democrats are either united for you or sometimes united against you in this case, and tiktok is there. i'm not sure yet if you get asked to testify before a congressional committee is sort of have to go because it looks really bad if you don't but i have no idea what this guy is going to say today they could possibly change the direction of where washington d c is going so many ceos think they can go into a congressional hearing in sort of command it like they can board meeting or shareholders meeting. that's not the environment that the ceo of tiktok is going into today should be very interesting to watch. i don't think he can say anything to change the direction of where congress is going. wow that's significant. mulvaney. thanks for your time this morning. thanks caitlin. we'll be watching that hearing today. the federal reserve has once again raised interest rates despite the meltdown in the banking sector, but could the tide be turning? take a look at
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this person right here. who's that? none other than shark tank's kevin o'leary. he's standing by. i wonder if he has any thoughts on this. i mean, he never speaks what's on his mind? every time every time he never says we have to pull it out of him. yeah, you never know what he's gonna say. if he says anything. 11. subaru cross track dog tested approved love. it's what makes subaru subaru introducing the newleep number climate. 3 60 smart bet, the only smart but in the world that actively cools. warms and effortlessly responds to both of you are
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ready, happy 3 65 by whole foods market with fast signs. signage that gets you noticed turns hot lots into homes. that signs make your statement. remain committed to bring inflation back down to our 2% goal and to keep longer term inflation expectations well anchored. reducing inflation is likely to require a period of below trend growth and some softening in labor market conditions. okay so that's the explanation there, so we're going to get kevin o'leary's everyone pay attention after nine consecutive interest rate increases, the federal reserve is signaling an end to hikes in the near future. the fed raised interest rates by a quarter of a point yesterday, despite recent trouble in parts of the banking sector. the chaos had economists worry that the fed would overcorrect the economy into recession. but chairman jerome
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powell said recent events in the banking system could actually help their efforts because it will lead to tighter financial conditions that can show slow the economy. so let's hear what kevin o'leary thinks. he is a judge on shark tank and the chairman of o'leary ventures. good morning. what do you think? i thought yesterday's testimony was fascinating. let me let me give it to you blow by blow, but why? everybody should think that yesterday through the 25 basis point hike was highly anticipated. 69% probability it happened. the market went up. it was expecting it. then powell starts testifying. this is where it gets interesting. clearly he's much more hawkish than the statement said, particularly in the back end. but the minute i really thought was incredible when he starts talking and answering questions about regional bank crisis at that moment, a release comes out of yellow and say she's not considering guaranteeing for
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people so they can hear this never seen such a well orchestrated team up on that they contradicted each other. just i want people to hear what yellen said. dan, and that's not considered or discussed anything having to do with blanket, ensure insurance or guarantees of points. i was sitting in front of the trading desk, watching two monitors explode at the same time as hawkishness and then her comments. so what that was signaling to the market? i think orchestrated lee, so is that we're not worried about the regional banking system anymore . 48 hours ago we were, we are not now, so basically, they're telling you in their own code that these three bags that we've been talking about now for 3.5 weeks are just poorly run institutions that are going to zero and it really doesn't matter. now whether first republican spot or not, that brand is so tainted. you would never open an account there have
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i have an account at first republic. a lot of people have accounts at first republic more than 250,000. no kevin o'leary. not even a case, your honor. my point is, you know, there are a lot of economists who disagree with you. i'm sure you saw the paper out a few days ago from economists at columbia, northwestern and usc, who said 90% 190. small and regional banks are at risk of failing right now, pointing out that it's not just the management of these three banks. and you're saying that that is the case, but you don't think the government would shore them up. i don't think you regret there's a political will in any state, give you an example of speak pragmatic. your orange farmer in florida and you're being asked as a taxpayer to back up a bank in california that has nothing to do with your world or your economy. regional banks were set up 40 50 60 years ago to take care of the differences of the economies in different states. the state should eat it, and
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that's why people are starting to think about this thing. wait a second. why do i have to suffer bad policy or a bank that has gone rogue when i have nothing to do with them there? are our states and the audit is going on everywhere state by state. where have the most successful regional banks been? it's been in a state that nobody ever talks about north dakota and here's why dakota is the only state that has its own sovereign bank, the bank of north dakota that supervises all the regional banks. they don't have failures. they take care of their own. they worry about their own committees. now if we did that, in every other state that i agree with, you have regional banks, but they have no use to me or anybody else anymore. okay. that second part, though, is not true. explain why p p. p loans, regional banks were really critical in helping small businesses get that a lot of people. i'm from alabama. a lot of people i know don't know someone to jpmorgan. they could call to help them get get a p p.
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p loan. let me let me let me counter that percent of ppb loans because all of my companies took them. we did it online. we didn't care which bank we tried to get in the queue as fast as we could. we orchestrated it. okay, let's take this state. here's the data . what state was the most successful in processing p p p loans? 1.8 billion, the highest per capita north dakota because they actually had an orchestrated banking system that worked. and so my argument is. why doesn't other states look at that model and go that way? if california wants to have banks that are very aggressive and technology, let them eat it. kevin kevin, i think caitlyn makes her critical point here. it's p p p and it's beyond. i'm sure you saw bob diamond, who used to run barclays, one of the biggest banks, wrote that op ed yesterday in the washington post, and he points out the important fact you've got 40% of loans for small, medium sized businesses are from banks outside of the top 25 a lot of
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the startups that weren't all big silicon valley high flying companies that got loans from svb told me it was because they couldn't get loans from the big guys. small and regional banks know their customers better generally, and they're willing to give loans or some of the bigger institutions won't. don't you lose that if you lose those banks you don't need all of them anymore is my point because 99% of transactions in banking all banking whether it be personal or corporate. are done online you are agnostic to wear the bank is when you go online. now, maybe you love the kumbaya aspect of feeling great about having a regional bank branch somewhere. no one in their twenties ever goes to kumbaya. i think you have access to capital in ways that most normal americans don't kevin. here's the issue that we really are discussing. do you think it's a good idea to guarantee every single account regardless of the amount? everywhere all of the time

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