tv CNN This Morning CNN March 24, 2023 3:00am-4:00am PDT
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be watching in the storms should be reaching there by this afternoon. so here are the storms in progress, and you can see that line strengthening throughout the afternoon. this is eight o'clock tonight and then throughout the evening hours, they should be exiting that area of the strongest storms, but then still remaining stronger. seen as we go throughout the overnight hours into tomorrow morning, so we're going to be talking about this throughout the entire day could see a lot of rainfall as well could see up to four inches of rain across some areas. alright jennifer gray. thank you so much. nice to see you have a great weekend. and thanks for joining me, i'm christine romans . have a great weekend. everybody cnn this morning starts right now. good morning, everyone. it is sorry. what is it comes at you fast. it's a it's friday. i'm happy. i'm going on vacation for a week. so
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i'm okay with it. sorry see you in a week. good morning. you're going caitlin's gone back monday . welcome to cnn this morning. we're glad you're with us on this friday. caitlin is off. let's get started with five things to know for this friday, march 24th overnight, significant breaking news the us launching strikes in syria. after an american contractor was killed in a drone attack. there are five other u. s. service members wounded. the pentagon suspects it wasn't iranian affiliated drone. developing news soon a top attorney, though for donald trump said testified today before the grand jury in the classified documents investigation. the new york times reports that evan corcoran is not intending to plead the fifth utah banning kids under 18 from using social media unless they get their parents' permission. it is the first state to enact this type of law today, the united states and canada announcing a deal to turn away asylum seekers at their border, president biden set to address it during his trip to
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ottawa and look at this kansas state au gonzaga. and you can all advancing in the men's march madness tournament. the rest of the elite eight gets decided tonight, but you know what? right now, cnn this morning starts right now. we do begin with this really, really serious news breaking overnight. it is a u. s. military strike, striking back after a drone attack killed an american contractor and wounded five u. s service members in syria, the pentagon says in iranian made drone hit a base in northeastern syria. president biden responded with airstrikes . this video appears to show the flaming aftermath. u. s officials say the precision strikes targeting groups in syria affiliated with iran's revolutionary guard. these are ambulances racing to the scene. you can see what appears to be a
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burning building off to the side of the road. we have to remember. the united states still has about 900 troops on the ground in syria, helping in the fight against isis. just yesterday there commander testified to congress just before this about how iran has been using proxy militias to attack american soldiers with drones and rockets and our national security reporter natasha natasha bertrand joins us now the pentagon natasha exactly what he was warning about, and that congressional testimony appears to be what happened. that's exactly right, poppy. look us officials had been anticipating something like this because the iranians have they've seen an uptick in the number of iranian tax against coalition forces in syria and secretary of defense. lloyd austin said that he took this action. he authorized this action. this strike against this iranian target at the direction of president biden in an effort to protect american personnel. president joe biden ordering a u. s airstrike in eastern syria
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thursday after us intelligence assessed that an iranian origin road killed an american contractor and wounded five u. s service members and another u. s contractor, biden authorized the straight quote against facilities used by groups affiliated with iran's islamic revolutionary guard, corps secretary of defense lloyd austin said in a statement. the department of defense said quote took proportionate and deliberate action intended to limit the risk of escalation and minimize casualties. the us military maintains approximately 900 u. s. troops in syria, some of which are there as part of a coalition to defeat isis. but those forces are often under attack by iranian proxies, vast and deeply resourced. proxy forces, spread instability throughout the region and threaten our regional partners, the commander of us central command said in a statement. following the story, quote, we're postured for scale options in the face of any additional iranian attacks. testifying on capitol hill thursday, carella said that iranian proxies have carried out attacks on us forces
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in the middle east 78 times since the beginning of 2021. so what iran does to hide its hand as they use iranian proxies. that's that's either waves or rockets to be able to attack our forces in either iraq or syria. are these considered acts of war? iran. they are being done by the iranian proxies is what i would tell you. congressman biden administration is carried out multiple airstrikes against militias affiliated with iran following previous attacks on u. s facilities in the region. biden's first known military action was a strike in february, 2021 after rocket attacks on us troops in iraq. so this is not the first time again. the president biden has ordered these airstrikes on iranian targets in syria, but it is the first time in a while anyway that we have seen an american killed and that is why i really the u. s. responded in the way that it did not only was an american killed but five u. s service members as well as
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another u. s contractor were injured natasha last thursday, the head of central command warned congress about iran's arsenal drones and missiles. what exactly are they capable of? yes commander gorilla. he did caution congress, saying that the iran really possesses right now the largest and most diverse missile arsenal in the middle east. and, of course, tensions between the us and iran have only risen in recent months as iran has gotten closer to russia, and that military defense partnership has grown. here's what gorilla told congress last week. today i ran his exponentially more capable than they were just five years ago. today iran possesses the largest and most diverse missile arsenal in the middle east. thousands of ballistic and cruise missiles, many capable of striking anywhere in the middle east. iran also maintains the largest and most capable force in the region. so as long as iran keeps attacking u. s military personnel in syria expect to see the biden administration taking what it calls proportional responses.
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don natasha bertrand. thank you very much and straight to heaven to tell you that the white house john kirby is going to fill us in on the latest developments. meantime lawmakers on capitol hill just grilled the ceo of tiktok yesterday. tiktok, sir. veils us all. and the chinese communist party is able to use this as a tool to manipulate america as a whole platform should be banned. i expect today you'll say anything to avoid this outcome. that was congresswoman cathy mcmorris rogers, the ceo of tiktok. he chewed testified before the house energy and commerce committee for hours yesterday tried to ease those concerns from lawmakers in both parties over the company's ties to china . he stressed their ongoing efforts to protect user data. by dance is not owned or controlled by the chinese government. there are more than 100 and 50 million americans who love our platform , and we know we have a
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responsibility to protect them. the bottom line is this. american data stored on american soil by an american company overseen by american personnel. we call this initiative project texas. but his defense largely fell on deaf ears. i have seen no evidence that the chinese government has access to that data. they have never asked us. we have not provided. you know what? i've asked that question. i find that actually preposterous. i don't believe that it is technically possible to accomplish what tiktok says it will accomplish through project texas. so let's bring in cnn media analyst and access media reporter sarah fisher. sarah oh, my gosh, what a hearing. um but but walk us through what we need to know. despite the fireworks. it just seems like he couldn't convince anyone that the billions that tiktok has spent on trying to store the data here makes it any safer. yeah well, the biggest
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problem poppy is that this is a bipartisan onslaught against him . typically when we had these big tech hearings, you have republicans saying censorship. you have democrats talking about misinformation, but this time he couldn't win. he couldn't carry favor with either side and the biggest concern that lawmakers had was that tiktok poses a national security threat because the data from us users could be potentially accessed by the chinese government due to their laws there, he tried to push back by saying that we've been working with the government with the committee on foreign us invest moment to try to make sure that's not going to happen. but the problem is no one believed him. and so you witnessed yesterday was a complete trust fall. tiktok has , though. um sarah been taking some action at least trying to protect user data they say like that this project texas that's here in the united states. similarly project clover in the eu. do you think lawmakers are buying that or no no, no, no, no. don was talking to a lot of sources on capitol hill, and
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they're saying project texas is not going to be enough to allay our concerns. they support the white house and saying that if tiktok owners do not sell their stake that the app should be banned now what project texas is it's named after the state were oracle, a u. s software company is based. tiktok is working with oracle to secure you as data to make sure that it's stored on service here and also giving oracle oversight into its algorithms and content moderation to ensure that there's no sort of meddling in what people in america see, but it became very obvious to me and others done that. that is not going to be enough to allay the concerns of lawmakers on capitol hill, but play this out for us. it's easy to have a headline. you know, saying we should ban you etcetera, but play it out. the courts would likely decide this. not the influencers, not the politicians as you write in your great piece this morning and by the way, if they try to force the sale, china can block it. correct so let's play this out, poppy, let's say congress passes something to empower the
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white house to block or to ban tiktok will likely tiktok is going to countersue and it's going to go to a court and we saw that play out by the way two years ago when the trump administration tried to ban tiktok through an executive order, the courts blocked it. another scenario would be, let's say that it gets banned here in the united states and that instead tiktok says, you know what we want to avert that. let's try to sell to a us company. china has already indicated that they don't want to allow tiktok to sell. why because they have passed their own laws that would protect their tech from being exported. so bike dances caught between a rock and a hard spot. you know, they want to sell us that they could stay in the us, but at the same time there, you know tiktok's chinese connection is going to make it very hard for them to sell. if i had to guess how this plays out, poppy, i think we're just going to be in limbo for a long, long time. but one thing i'm watching asked folks on capitol hill, would you be comfortable with tiktok going on the us market that way? it's not having to look for a big sale partner. when it's worth
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what $50 billion, like, who's going to be able to afford that? besides maybe oracle with the financing partner. and it doesn't seem like that's going to allay their concerns. either hate to put you on the spot here because you answered partially. what i was going to ask is by the administration does want a sale. so if you you say this is going to play out for a long, long time, do you have any idea like what is next when it comes because users are like my gonna have this platform and am i not what's going on? it's going to be on your phone. don't worry about it. i think what comes next is if we get to, i think tiktok's gonna try to work out a sale deal. they're going to get pressure back from china. if there is a threat to ban i think that tiktok. will ask for sort of a, you know immediate injunction to stop a court from banning it while they work it out in court, and i think it would be tough for a court overall to approve a ban. so i think for now, users can breathe easy, but we'll see this where this goes, sarah. thank you, sarah now and we're going to talk to abby phillip, who did a special last night last night on the network and we'll see what she has to say. thank you, sir.
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appreciate it. we're going to turn now to new developments in the investigations. plural into donald trump's, starting with the mar a lago classified documents case, the ex president's main defense lawyer is scheduled to testify today before a federal grand jury without attorney client privilege. prosecutors will ask about his communications with trump ahead of the fbi search of mara lago last summer. he was also ordered to turn over his notes. from that time, corcoran's appearances potential , make or break moment for the special counsel's investigation into the handling of those classified documents. possible obstruction of justice when the federal government tried to get those documents back, okay, so that's one is, don said plural investigations. that's the classified documents case. we're also very quickly. closely tracking developments and that hush money investigation here in new york. the district attorney's office is firing back this morning at house republicans who sent a letter to the manhattan district attorney alvin bragg, demanding information about testimony in this ongoing case, which could end in criminal charges against former president trump brags office called those requests on
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lawful, saying the information was confidential under state law, and the grand jury in that case, did meet yesterday, but not on that case at all. there's a lot that is confusing here. cnn senior legal affairs correspondent paula rejoins us now. good morning. good morning. where are we? we're really seeing pressure building on the district attorney here in manhattan and on former president trump. let's start in manhattan. everyone asking me what's going to happen. will they indict him, won't they? we don't know. all we know at this point is that the grand jury will be back on monday to hear more evidence in the trump case they could at that time here from a witness, we know from our reporting that they're considered. caring whether they need to bring another witness back in to rebut the testimony that they heard on monday from rob costello and i talked to costello yesterday and i asked him what happened in that grand jury room? what what did you do ? and he still described his testimony. he said. look, this was contentious at times, and one of the reasons it was contentious is because he handed over hundreds of documents
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related to his one time representation of cohen, but he says he was only asked about six of them, and he and the prosecutor sparred at times about that. and at one point, he turned to the grand jury and said, hey, guys, you need to get your hands on all of these documents, and he tells me that five or six of the jurors nodded in agreement. now he has not heard from the district attorney's office since that appearance, and i asked him well, who could they potentially bring it to rebut your testimony? and he said, there's nobody, it's impossible. but he also notes that michael cohen would not be the right person to come in and rebut this testimony. that's manhattan. right wait and see what happens with my hand before you get to the other thing. could the we meaning as journalists who are covering could we be focusing in on the wrong thing? could this be about inflating his? you know the his assets or whatever. and then you know, downplaying it when it comes to taxes, could it be about something else other than the thing, so it's a great question. i always say we can't assess the strength of this case because we don't know all the
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evidence, right? we put together pieces of reporting based on what what witnesses have gone before the grand jury have told us and our sources across this investigation. it's certainly possible once you start turning over rocks. you never know what you'll uncover right. they have looked into this issue of potential bank fraud or tax fraud. and he had the former president has not been charged. his organization and one of the executives were charged and that so we'll see and it's not even clear that they're going to move forward with a vote on an indictment. we know right now they're regrouping. they're trying to assess how they're going to move forward. it's a great point, because that was that was what they were looking at the first time around under five vans and then walked away from it, but we don't but we don't know what's happening behind closed doors right now. the other thing, let's get to these classified. many things. let's get to these classified documents because you have the corporate the corcoran testimony. it's expected today and then we learned that another one of his attorneys timothy palate, er, right, yeah, testified yesterday. the grand
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significant is that? yes this is interesting because tim oversaw additional searches so after the search warrant was executed at mara lago back in august, they searched additional locations. they did another search of mara lago. they searched his bedminster property and offices storage space. tim was the one running that show. so we've learned that he went before the grand jury and he had to testify about how did you choose the locations who searched them because they did hire investigators to help with that search? he was also we've learned pressed on whether there was a shell game where you moving things from mara lago to a storage space, and he also had to hand over reports that he had compiled about these searches actually did an exclusive interview with tim about a month ago. i think it's only tv interview, let's take a listen to how he described the interactions with the o. j. we conducted a search back in december, which is where we found these documents, and we turned them over immediately. these were not turned over last week. although you know the doj leaked that last week. this was turned over back in december. and so we have gone through.
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we've tried to work with the doj . we've tried to do searches of all the relevant places and anytime we found anything immediately turned it over. so the search is that we know about concluded in december. that's when he also did his testimony. that interview was in february, but he has insisted that there was no shell game that this was just the product of very disorganized exit from the white house. you're gonna be busy. hope you get somewhat of a weekend. paula reid. thank you very much. thank you, paul. appreciate it. the retirement revolt continues in france protests at airports, a town hall schools and oil refineries . wow live in paris for you next. now up to 40% off. you found the one now find the ring sales diamond store remodeling
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and even automatically detect and respond to snoring, so you get the deep, comfortable, undisturbed. rest you deserve for a limited time. save $300 on select temper pedic mattresses and experience your best sleep. every night. more temper pedic .com. authorities in france bracing for another day of national fury, more than one million people took to the streets thursday over legislation raising the retirement age to 64. some of the protests are getting really violent. clashes erupted between demonstrators and police who say around 1000 people damaged property and set fires. at least 80 people were arrested across france on thursday and more than 100 officers were injured and sam kiley live for us in paris this morning, sam hello to you how these protests impact on daily life across paris and really, really across france. well, first of all, don here in
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paris. there's more than 10,000 tons of garbage that has been uncollected now for many weeks. that's because the refuse collectors on strike as there are many other sectors of society on strike or partial strikes. transport has been affected. high schools have seen strikes at the oil industry has suffered strikes and this is part of the union's effort to try to force a u turn on president macron. but he is saying this president is not for turning sam kiley will be following sam. thank you very much. we appreciate that. a major legal move in michigan as school shooters parents ordered to stand trial we're going to go behind the effort to hold them accountable for their son's actions and colorectal cancer is on the rise among young adults. we will explain this disturbing trend and what you need to know ahead. next on behind the series . let me tell you about the greatest roster ever assembmbled
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trial for involuntary manslaughter. a three judge panel ruled that james and jennifer crumbly ignored their son ethan is mental health issues and other warning signs and provided him with the gun that he used in the school shootings. ethan killed four students at his high school in 2021. cnn's jean casarez joins us now this is enormous because it is about not the teens actions. it's about what the parents didn't do truly precedent sending because what the court is saying the apollo court is saying you the parents, you can be tried for homicide because one of the elements is that you the parents are the ones that caused that mass shooting. your son has already pleaded guilty, but a jury can determine that you caused the mass shooting, and it all depends on foreseeability and the judges go into that into in their opinion, saying that it was foreseeable that this would happen. of course, it will be up to a jury in the end, but they based it on the facts. we want to show everybody some of the
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facts that the judges relied upon. even change, even crumbly had had mental issues and he knew it and he was sending text to his mother about that. it's just paranoias. she didn't respond so the justices quote about a one week later, ethan crumbly, set additional text messages to jennifer, his mother this time reflecting his belief that a demon was in the house that it was throwing objects inside the house. he then says, can you at least text back and she didn't she didn't respond to him. and then the court went on to say talking about the journal because even crumbly had a journal now the parents did not know about the journal which could be important for the defense. right? but it's coming into the trial, and the justices wrote everyone of the 21 pages of written material had reference to plans to commit a school shooting even crumbly, wrote, i will cause the biggest school shooting in michigan's history and i will kill everyone
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i see. the first victim has to be a pretty girl with a future so she can suffer like me. gosh but they didn't know about the parents didn't know about the journal didn't know about about his mental health issues. they did know it, and then they got him an early christmas present boy, a gun. and several weeks later this happened. i wonder what this does for, you know, parents around the country precedent setting because i listened to the appellate arguments, and one of the justices asked the prosecutor, have you found any other case in this country? that is like this one? and the prosecutor said, no, your honor. i have not and the justice. the appellate court knew the decision they had to make would be present president setting. i could tell it as i watched those arguments, but they decided that this case was warranted. and they said that normally this wouldn't be warranted, but they were just such a commingling of the facts that they had to believe that they should proceed to trial.
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hugely significant. yeah thank you, kids. underage kids at home should be watching. yes right. appreciate it. paltrow set to take the stand today in a utah lawsuit alleging that she injured a man on a ski slope. back in 2016 retired dr terry sanderson is suing the actress for $300,000, accusing her of recklessly crashing into him, breaking his ribs and causing a brain injury before skiing away so that she skied away right doctor who treated sanderson testified earlier this week watch. after his accident, he deteriorated abruptly. and many of the activities that he used to do. he stopped doing. paltrow is claiming that sanderson was actually the one who crashed into her, and she filed a lawsuit over own against him suing him for $1. there's been an alarming increase in colorectal cancer among young
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adults. scientists are racing to try to figure out why. earlier this month, the american cancer society revealed about 20% of all new colorectal cancer diagnoses are people younger than 55, cnn health reporter jacqueline howard is with us. i was just thinking about this in the age. i think it's 50 right when you're supposed to get colonoscopies. why is this happening in younger people? that's right. and it remains a mystery poppy as to why we're seeing more cases among younger people, but when you think about it anecdotally, it's no longer rare to hear of someone in their thirties or forties being diagnosed with advanced colorectal cancer, but yet scientists and oncologists i've talked to say that there's no genetic or hereditary increase in risk factors or cause they say that some people they have diagnosed at a young age. we're fit and otherwise health earthy. so why are we seeing this increase in cases among younger ages, and i asked dr william day hut, he's the chief scientific officer at the american cancer
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society. here's what he had to say. it's hard to know exactly what it is. although in general based on sort of the time interval, which is not that long , it's probably something external to the patient. some broadly described, you know, um , changing the environment change and diet change and behavioral aspects. so we heard there, poppy. the investigation is looking into changes in the environment, external factors diet and the american cancer society is calling for more research into what could be driving this increase in there, calling for more research into new treatments as well, poppy. interesting so i'm wondering, popping our discussing as you were talking listening after we said, you look gorgeous. in that sorry i just had to say it, but we were discussing recommending earlier because i think people are getting colonoscopies earlier. now, is that going? you think that's going to become the
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recommendation instead of 50 that folks are going to get it earlier? i definitely think so. and you know, it's already recommended that if you have a family history or any other risk factors to start screening as early as 40 some people aged 45 . but i do think that as we see these more cases that we will see a shift in what's recommended. and as you see here , the proportion of cases among people younger than 55 has doubled in the past few years from 1995 11% to 20% in 2019. so this is a growing concern. don and poppy, and i'm sure we'll see shifts in recommendations as well. that is really scary for screenings. early jacqueline howard. thank you. thanks, jacqueline, utah, the first state to try limiting how children can use social media what parents will now be required to do straight ahead. also, this. kansas state pull off a crazy fake argument. trick play, or was the team just
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veterans with mesothelioma. call for a free book 1 808 220400 or go to meso book .com. listen up here, utah cracking down on how kids use can use social media. the governor has signed laws that ban anyone under the age of 18 from using social media unless their parents give them permission. now the laws also require that parents have access to their children's posts, messages and responses and they imposed a curfew on minors. accounts from 10 30. pm 26 30 am interesting, so supporters say that the measures will protect children from dangerous and addictive content. social media companies are expected to file legal challenges, of course. and of course, this comes as lawmakers ripped into tiktok ceo yesterday on capitol hill. the hearing focused on national security fears, but concerns about the apps impact on kids
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mental health also came up. so let's bring in now cnn correspondent the host of podcasts the assignment with allie cornish, of course, cornish. joins us. good morning . good morning. utah is the first to enact this type of these types of law laws. the impact do you think and the of these restrictions would think of it as part of a broader movement at first, i think even on this program, we were talking about an effort to ban tiktok off government devices, right. um, and now we're talking about a state passing something to apply to regular citizens. um i would note that there's not clear what the enforcement mechanism is for that or the monitoring or police. thing, so it's not clear what that means. so it's really more about sending a message, and this comes alongside several social media lawsuits filed by school systems in seattle and california, who say that social media companies are harming the health of teens. um, and this all dovetails into the kind of republican led interest in cracking down on china, and that
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is how tiktok ended up. at the center of the public eye yesterday, said broader you think it's gonna mean meaning more and more to come. i mean, there's a big between the lawsuit, so there's lawsuits on the state and local level. the supreme court is hearing a case called google v. gonzales which approaches section 2 30, which is the part of the federal law that allows these companies to flourish without dealing with liability by their users content. and on top of that you have a legislative wrong. that's happening as well. right you have these federal proposals in congress and as you're pointing out the utah law, so it's an interesting moment after the pandemic when everybody was home, we're all using, you know, materials online and like our whole lives are online. and now here we are, kind of out of that phase. quarantines are over, and people are really scrutinizing the impact that social media has had, especially on young people. um i think it's interesting
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because utah did this, but then it's been considered in arkansas , texas, ohio and louisiana. yeah i want to ask you as a as a mom. because your mom how old your kids yeah, under five. okay so terrible in the like, they don't know what tiktok is. yeah but they know how to use the phone and they know how to sing wiped. and yeah, walked into their room the other day when i had demanded they nap and they were both had stolen these little demand of them. have things and we're on it. and i just had this flash of like, oh, my gosh, when your teenagers this is going to be a fight about you on social media, which i'm terrified about the impact, so can you just speak to this moment for parents and states intervening here to protect our children, actually, for parents and legislators. they're having a very loud voice right now, right there, voicing their concerns, and those concerns are being heard when you look at how lawmakers were speaking to the ceo. oh of tiktok. they were
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very upset. you know, i'm currently doing some reporting where i'm speaking to an attorney who represents 1700 clients that our parents whose kids were, um car armed or worse , they believe by their use of social media, so that movement is kind of going forward. and the goal is to put pressure i think on the social media company's utah there is already a law that says you're there's already rules from the social media companies that say you're not supposed to be using this app under a certain age kids plug in any age they want because there is no age verification, so these kinds of laws are designed to pressure the company's into putting in place provisions that they could have had all this time, such as age verification wrong in this, we were just talking to jean casarez. i mean this death to the extreme about the parents, you know, knowing about the mental health of their kids. but is this a moment of accountability? just parents?
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parents you know, i would think of it a little differently. um you know, it's one thing to try and police bullying at your school where there's one bully in the hallway, pushing it up against the locker. it's another thing. where through your phone , hundreds of bullies might be speaking to your kid at any given time, and an algorithm might be serving up other kinds of predatory figures. right as people you may know as recommend to watch this video, so the incoming from it is pretty intense, and i don't think parents are as equipped as the social media companies to deal with it. it's an uneven battle right now. and i think what we're watching culturally. is that battle start to even out. i would just go ahead how social media like we still have not caught up to social media with the laws and certainly haven't we stay with us? i will just note that it's a real privacy concern here in terms of the tech side of this. their view is this is unconstitutional to do things like this because of infringement of privacy and first amendment rights. so of course we'll have a big stay.
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stay with us. we have a lot of head because as you've always said, saying, we don't have the tools to measure the economy after covid confusing, it's weird audience all over it. we're going to talk about inflation. bank fears uncertainty all ahead and incredible video showing up border patrol agent rescuing a child abandoned by a smuggler. we're going to show you what happened. that's next. now up to 40% off. you found the one now find the ring sales diamond ore. okay?es it doesn't switch to liberty mutual and saved $652. theyustomize your r insurance. so you only pay for what you need. with the money we saved. we thought we'd try like the chemo cycles. careful, babe. saving was definitely easier. i think i got it. it's actually okay, show off help! oh, only pay for what you
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lifetime warranty, join over two million happy customers who know it just fits that fitter visit bath fitter .com to book your free the consultation. for the life you're making me has it? all right. look at the market stock futures down sharply this morning over renewed concerns about the banks , particularly in europe, where shares of deutsche bank's laid more than 13% this morning. the recent painting turmoil continued battle on inflation, leaving everyone from wall street to main street to this table. wondering what the heck is going on with this economy. audie cornish is back with us. host of the assignment podcast the newest episode. i love it. yes this economy is confusing. she agrees with me. how long have i been saying? i hate to say to imagine also for a news
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anchor the narrative whiplash right because you're getting these stories and trying to describe what's going on. i have been saying, and i think about looking. i don't think it's anything novel unique, right? i'm some brainiac for saying it that especially after covid that the metrics or whatever that we have ever metrics we use to measure the economy. it's all off and screwy and wacky, and we really don't know how. at this point, i think there's a fantastic i mean, i would. i would think of it this way. and in the course of our reporting, i was reading a speech from one of the fed governors who said look, usually history is a model, but there are real limitations to looking back for this particular situation, um, and the economists we spoke to said yes, it's sort of interesting because the pandemic quarantines they aren't your typical disaster. faster right after a natural disaster. maybe the government comes in. there's a surge of money. it's sort of a finite recovery period. but with this you had these quarantines that sort of shut down large parts of the economy, but more importantly, it's shaped the economy in ways that we didn't anticipate. some we
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overestimated. you can see that happening in silicon valley, which is why they're having layoffs. they thought that we need more of their services, then we actually now do now they've got a right size or drop back and meanwhile, inflation is high because of our own spending our own demand. hmm hmm. can we want to listen to a little bit of your pot on this because the fed didn't forecast at the bank collapse at that we would see these bank collapses right? took everyone largely by surprise. can you play a little bit? let's listen to a little bit and get your thoughts from the podcast on this fed predictions. tell my students, you know, think about trying to steer an ocean liner, right? if you wait until you get to the dock and then think about hitting the brakes when you're way too late. you should have been thinking about that two miles out and slowing down, then. that's the lever that the fed has in that they're not thinking about contemporaneous changes they're thinking about.
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i'm going to make decisions today that are going to impact the economy in some point in the future. and i have to hold everything else constant, tricky note. at the end, everything else constant meaning the fed has this major lever to pull interest rates. they can put interest rates kind of up so that everyone can slow down their spending, maybe slow down their hiring, which, by the way , businesses have not been doing, which is another befuddling piece of data. but they can also bring interest rates down right so that we all can spend a little bit more which they don't want. the problem is the unknown unknowns, right? so a bank collapse some other kind of jitters that debt ceiling fight. these are the kinds of things that start to muddy the water as they try and forecast and make a decision about interest rates, and in the meantime, inflation inequality. means that some of us are feeling these high prices more than other people, and it really
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squeezes people, especially in the middle class. right on. great i can't believe i haven't listened, but i can't wait to listen to economists say they're wrong. it's nice to hear people admit they're wrong with public. exactly but he was right this for months, these ones were done. not just that, but we all lived through. right the pandemic so we're all feeling like, wait. what is it? we don't even know even mental health was totally totally full effects of the pandemic. thank you, audie. good to see you have a great weekend. so be sure to listen to the podcast. i will be listening to it on my drive home today. the assignment with audie cornish. make sure you listen to it every thursday, not just today thursday on cnn, and we're following the news out of syria that we have to tell you about a u. s contractor killed in a drone attack. the pentagon retaliated with airstrikes. stay close with us. it's just in donald trump is escalating his rhetoric against manhattan's district attorney, alvin bragg. what he says would possibly happen if he's indicted. t the
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floyd home dot com york and this is cnn. closed captioning brought to you by flexible family of products will swift here this is flex superglue get flex superglue and the entire flexible family of products at flexible products .com. we could all use a little extra help, especially us to sleep at night when counting sheep just isn't enough. how about something to eat food companies rolling out new sleep friendly snacks aimed at cornering? uh that market. nathaniel myerson is here to explain with some cereal that we're going to try a little bit . oh, just think about turkey. yeah to fan the fan, so this is a little bit more expensive than turkey or counting sheep. but it's part of this growing trend
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of big food companies and even soft drink companies making foods that are supposed to that are designed to help you fall asleep. so this is a new cereal from post post is known for fruity pebbles, which is not healthy cereal, but sweet dreams . blue bit it comes in blueberry . i tried it last night before bed. it was it had a lot of sugar, so it kind of defeated the purpose of so i ate too much, and it defeated. the purpose you're saying did not work did not work. okay? did not wow. really good, though it tastes really good. i can't remember. i do my fast. i can't eat until like noon or one o'clock looks so good sugar. it yes, it's good. but this is what a mom looks at. you read that in the prompted. i'm kidding. because you're chewing. it has lavender exactly completely defeats the purpose. but there's lavender and ca mama will say what is in there that makes it
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supposed to make it sleep camel ? it has a little bit of zinc. it's supposed to naturally produce melatonin. we also see pepsi. they have a new drink called drift. well, that's also supposed used to help you fall asleep. but i very under wolf has. i think wolf has like a cookie every night before bed or something like that. it helps everyone know that story. i think he's fine. he said it on the air, but wolf i don't know. text me. um but i think wolf has like a cookie or something. a chocolate chip. we'll have to get him. sweet dreams. yeah so maybe that'll help. i shouldn't eat on air. it's like stuck in my teeth. that's good, right? sugary sweet dreams like way more than one cup of coffee to wake you up after that, that's the issue. thank you, daniel. appreciate it. cnn this morning continues right now. the pentagon says today. u s contractor was killed in syria after a drone strike. president biden responded with airstrikes . this was a
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