tv CNN News Central CNN August 16, 2024 11:00am-12:00pm PDT
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yeah. >> and we get some more lemon pepper ones in the scene and honey teriyaki to good know, how do you people call my people? >> i'm lauren fox on capitol hill happening this hour, vice president kamala harris will give her first major policy speech since taking her place at the top of the 2024 democratic ticket? we'll tell you how she would crack down on price gouging for groceries meantime, former president donald trump is slamming her economic proposals, calling her quote, conrad camila as he looks on he's fire talks between israel and hamas, why president biden says, the sides are closer than ever to a deal, we're following these major developing stories and many more all coming in right here. cnn news central i'm vice
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president kamala harris makes her first major policy speech as the democratic nominee, unveiling her economic plan in a key state of north carolina. she is expected to lay out a string of new proposals, more than a dozen, including a four-year plan to lower housing costs zeroing in on high food prices with a federal ban on price gouging, and middle-class and lower income tax cuts. let's take you now to raleigh with cnn's eva mckend. were harris is expected to give remarks in just about 40 minutes or so. eva, what should we expect? >> yes, boris, she is proposing tax relief that would impact more than 100 million americans. it includes an expansion of the child tax credit that is a policy popular included in the american rescue plan passed by democrats in congress. she wants that to go from 2000 dollars to $3,600, $6,000 for middle-class and
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low-income families with newborns. this of course, answers directly that attack heard from jd vance, former president donald trump's running mate, that democrats are somehow anti-family. she's proposing policies today that speak directly to american i can families are proposals also include a pathway to increase affordable housing and make health care more accessible and affordable there is criticism on the right though characterizing these policies as socialists. well, i'm speaking to some of the vice president's supporters here and here's how they are responding to that criticism. >> if i'm feeding children and giving children free school lunches and helping people move ahead in the middle-class is a socialist policy. then so be it, because i think those are the right right things that we should be doing to lift people up and to make our country
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stronger ultimately, boris and kiss the vice president is trying to set up a contrast. i think no accident that today she's at a community college. she is trying to characterize the democratic ticket as principle leake concerned with everyday americans, the american workers middle-class voters lower income voters and argue that trump and his allies only really care about the very wealthy tax cuts for millionaires and billionaires something no doubt that they would push back on and take issue with ultimately though, these democratic policies popular have been introduced for years, it's much, much tougher to actually get them over the finish line because so many of these initiatives the precedent would have to work with congress to pass, including republicans in congress jes, boris, given mckend live for us in north carolina thank you so much. >> let's take a closer look at some of vice president harris's economic proposals
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with cnn business anchor julia chatterley julia great to see you as always, let's start with this federal ban on price gouging. it's an effort to lower prices on grocery items but there aren't real specifics in this proposal on how to define price gouging. and some economists see issues with that now they see plenty of issues. >> look, it's a smart thing to talk about given the pricing pressures that everybody's faced over the last few years, whether or not it actually helps bring prices down, i think is debatable. what is price gouging? king? it's when corporates collude to try and keep prices high, or they try and add incremental price increases when prices are rising. to pad their profits now, what they're talking about is some kind of federal banners that you were hearing there on food price hikes. it could include new powers for bodies like the ftc, the federal trade commission, what the ftc can do today it's it can investigate price fixing. it can also stop mergers taking place between grocery companies, for an example, if
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they think that consumers will face higher prices as a result, she will talk about the meat industry that's critical because there's just a few names that control a big market. what the ftc can't do is go into a grocery and say, hey, your eggs prices are too high and they need to come down that would require an enormous expansion of powers and congressional involvement with just got to hear if she gives us to your point, boris more details on this, but we also need to understand the problem. is it about corporate greed, or is it about supply chain issues post pandemic workers availability in the agricultural sector wages going up climate change bad crop yields, for example, it's a whole host of problems. so, yes, i think it flies with voters, the practicalities are far more difficult to handle and julia, vice president harris, also unveiling some plans to help first-time homebuyers. >> also this these new tax incentives trying to get more availability for housing out their incentives for tat new
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housing construction, how it all of this work so she's talking about first and foremost, and they think it cuts to part of the problems supply, trying to create incentives to build 3 million new homes incentive finding incentivizing homebuilders to do so. >> then on the bias and she's trying to provide incentives for first-time buyers, like handing them a downpayment assistance of 25,000 thousand dollars. look, there are whole host of issues here. you have to understand the problem. it's a lack of supply were not building enough homes prices as to hires. a result. and then first-time pies can't even get a mortgage because mortgage rates are so high, the people that have them locked in at low rates. so they don't want to change it just as a whole mess. i'll strahm of issues. we do need more houses. the question is, how do you pay for the number of houses that they're talking about? they're also going to suggest, i think today $40 billion fund to try and incentivize at the state and local level there's just a number of them questionable
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issues, i think on one, how you pay for this and what the what impact is going to need. the other thing i've mentioned, if you want to build more houses we have 300,000 vacancies in this country for construction workers. we can build more houses. it's going to take more time, but you've got to find the workers to do it, guys yeah, that is an important point and julia, no matter who wins the next election, there is going to be new tax policy because the 2017 tax cuts that were installed by former president trump are expiring in harris's vision. >> there is an enhanced child credit for new parents what else can you tell us about what she's proposing and how that might affect the economy. >> yeah. she said, look, hopefully there's going to be, or she will say that there's gonna be tax relief for over 1 million people. >> but if you're a parent, listen up because this is crucial, you may remember this. one of the policy proposals is to take the child tax credit from $2,000 to $3,600. it was
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there and people had it for 2000 and in 21, the hope is they can make that permanent. as you were hearing from eva as well, a new tax credit for the first year of a child's life of $6,000.01. obviously preparing for that child is the most expensive also tax credits for frontline workers. we've had a lot of discussion this week as well on perhaps moving, removing the tax on tips as well. and obviously that's created some criticism of copying from the trump campaign as well. again, i'll come back to the big question. how do you pay for all of this? what the harris campaign has said is look if you're earning less than $400,000, don't expect tax rises. so the assumption perhaps, and we maybe we'll hear from that is it's going to mean a greater burden on corporates, an agreement it's a burden on higher earners, but again devlin detail, hopefully we get more today. >> indeed, julia chatterley, thank you so much for that context and analysis and explanation. we appreciate it. >> even before vice president harris rolls out, her economic policy, the former president donald trump is already attacking it yeah, the press
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conference at his private golf club in new jersey yesterday, the former president lobbied insults. that has democratic challenger and her economic agenda she's running on the maduro plan. we call it the maduro plan like something straight out of venezuela with the soviet union this announcement is an admission that her economic policies have totally failed and caused really a catastrophe for our country and beyond that, a catastrophe in the world cnn's kristen holmes joins us now, kristen, aside from those attacks on harris is economic plan he got personal at different points. >> at one specific portion of this press conference he said he was justified, he was entitled to attack her yeah. >> i mean, he went on to say that she had attacked him first, calling him and j.d. vance weird, then that he was angry. so it was okay for him to make these personal attacks and that was during the question-and-answer portion. i think the first part was very different. it was a rabbit out
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of a binder. he stayed mostly on message, which just a few side ransom but overall right now, donald trump's team and not just his team directly, but republicans at large who want to see him elected in november, just want him to close his mouth, particularly when it comes to talking about anything other than issues that matter to everyday americans, we are in a different race now, donald trump is no longer running against president joe biden. we've obviously seen a boost and then doozy asm among democrats, a boost in polling for kamala harris. and the question is how to stop that momentum at the end of the day, republicans believe that if donald trump can focus particularly on the issues that were really helping him in the polls to begin with, like the economy, like crime, like immigration, that he can then link that to kamala harris and say, she it's just an extension of the biden administration. but obviously as we know, donald trump has a very hard time doing that. in part of those answers, it was just him airing grievances, but one thing i do want to mention really quickly, the one very interesting thing is both teams right now are beefing up their teams for debate preparation.
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and that is interesting to me because donald trump says he died doesn't like to do debate prep, but he has brought on tulsi gabbard she is one of the only people who is actually shared debate stage with kamala harris before she left the democratic party. somebody who has offered insults to harris and was widely seen as successful on the debate stage. it'll be interesting to see how all of this plays out. >> those debates are just around the corner. all right, kristen holmes, thanks so much. we are waiting on comments from vice president harris in north carolina, and we will bring them to you live. >> when we come back cnn is live from chicago as democrats unite to offer their support to a new nominee, andrew her running mate fellow cnn for complete coverage, the democratic national convention monday at seven on cnn and streaming on max amazon cue from aws is the new generative ai powered assistance for using your company's data, creating apps, and making decisions. >> here's musician jelly roll to explain. basically amazon q is like my tattoos, but instead
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belong. i'm dr. sanjay gupta in atlanta this is cnn president biden says ceasefire and hostage release negotiations over the war in gaza are quote closer than they've ever been mediators today presenting israel and hamas with the proposal to close the remaining gaps as cnn is one of secretary of state antony blinken is headed to the region tomorrow. >> cnn jerusalem correspondent jeremy diamond is following the latest jeremy, the big question is just how wide is that gap between the two sides here? >> well, it is clear that going into these talks, the gap between hamas and israel was quite significant. but the united states, egypt, and qatar today putting a proposal on the table that they say will quote, build on areas of agreement and bridge the remaining gaps that exist so far, neither party, neither israel nor have hamas, have said whether or not they support this quote, unquote, bridging proposal that is on the table. the israelis, for their part, have released the
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statement from the prime minister's office saying that they appreciate the efforts of the mediator and framing it as needing to convince hamas to accept a deal. although we know that they themselves have also not yet committed to this latest proposal that is he's on the table. the mediators say that this new proposal will allow for the swift implementation of a ceasefire agreement that would see the release of dozens of israeli hostages. a much needed pause in the fighting in gaza, and also the entry of tens of thousands of tons of humanitarian aid. but another major question, of course is as these negotiations continue with technical teams set to carry the work forward. now, before senior officials convene, once again next week in cairo, the question is whether this will allow or cause. i should say, iran and hezbollah to hold off on their promise retaliatory strikes against israel for the time being the qatari prime minister has spoken now twice over the course of the last two days with the iranian foreign minister encouraging him to
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de-escalate the situation to allow these ceasefire talks to have some space to move forward. and so far, at least the iranians appear to be heeding that warning. jessica alright, jeremy diamond for us live in israel. >> thank you so much for that reporting anywhere, but now vice president kamala harris will make her case to voters over how she would handle the economy if she was elected president. we're going to bring it to you live as soon as it begins. stay with us. you're watching cnn news center comedy is coming to cnn what could go wrong i got news for you. >> for me. >> or saturday, september 14 at nine on cnn. >> everybody wants super straight, super white teeth. they want that hollywood white smile, new censored in clinical white provides two sheets, wetter teeth and 24/7 sensitive your production. i think it's a great product. it's going to help a lot of patients feel that subway has never been
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with abby philip tonight at ten eastern on cnn just minutes from now, vice president kamala harris will take the stage in north carolina for her first media he's your policies speech as democratic nominee. >> she is set to unveil a string of new economic policy proposals targeting housing costs, food and prescription drug prices, and more. >> yeah, she is set to take the stage fairly soon, but let's discuss with our panel before she starts with us democratic strategist. i mean, she crossed republican strategist, matt gorman and cnn chief national affairs correspondent, jeff zeleny. jeff, i want to start with you because typically at this point in an election season, we see candidates moderate their positions. but this set of economic policies more than a dozen proposals from kamala harris, they seem to be far more populous than even we're joe biden was in his economic view without question, i mean, vice president harris is proposing a bigger set of policies a higher dollar than the president's couldn't record. but we're
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seeing something similar on both sides of the aisle. that's what i find so remarkable about this less than three months before election day, there is this populist strain that is coursing through both parties. no surprise. i mean, it's been clear for years, really talking to voters, but a lot of similarities between what she's proposing and what j.d. vance has been talking about in terms of helping out families creation in the wake of the pandemic in the years after the pandemic, this is about sort of bringing prices down a lot of these are ideas. i mean, of course, it would matter who would control congress. these are not going to be enacted into law probably, but it's significant because it's the first sort of policy ideas she's talked about in her three-week old campaign now, i want to get your take on that because as jeff was talking, i was thinking about this too. it is interesting to hear j.d. vance pushing for a $5,000 child tax credit. republican want to put it in during covid, and a lot of that legislation and wanted to keep it, but republicans blocked them on that it is interesting to see
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the democratic and republican candidates kind of meeting themselves in the middle there on something like that on no tax on tips. >> what do you make of that? >> a couple of things. they those those are broadly popular. number one, but i think you, where you're going to hear the contrast days on housing policy. another mask, so sorry to interrupt you, but that thought vice president harris, his job plus taking the microphone in raleigh, north carolina. let's listen in carolina good to see everyone. good afternoon, everyone. please have a seat. if you have a seat, please have a seat mike be i have my these barbecue. let me tell you one of the biggest fans of mike these barbecue. my husband, doug emhoff and thank you. my was sharing your story and i'm just so sorry for what your family
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has been through, but you have out of an incredible tragedy done so much for the community and your such a role model. so thank you, mike, for everything thank you. and good afternoon to everyone here. thank you to all of the incredible leaders with us today, including my friend, the governor, roy cooper, where here with his daughter every time i land and north carolina just literally coming down the stairs of air force two, i will shout to roy cooper, what number is it, roy ed, today he shouted 16, which is the number of times i've been in this beautiful state since i've been vice president i want to thank your next governor, attorney general, josh doing incredible work.
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>> he's got to be an extraordinary governor representatives adam manning bushi and nicole. thank you all for your support, for your friendship, for your leadership. chairman thomas of the wake county board of commissioners. thank you for all that you do and to all the leaders that are here. today, including the students and instructors here at wake tech north thank you. all. >> so listen this election i do strongly believe is about two very different visions. foreign nation one hours focused on the future and the other focused on the past we see that contrast clearly in many ways including
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when it comes to how we think about the economy so our country has come a long way since president biden and i took office. at that time we sadly remember the millions of americans that were out of work we were facing. one of the worst economic crises in modern history and today our economy i the strongest in the world we have cre 16 million new jobs. we've made historic investments in infrastructure, in chips manufacturing, in clean energy and new numbers this week alone show that inflation is down under 3% and as president of the united states, weight will be my intention to build on the
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foundation of this progress still, we know that many americans don't yet feel that progress in their daily lives costs are still too high. d on a deeper level, for too many people, no matter how much they work, it feels so hard to just be able to get ahead as president i will be laser-focused on creating opportunities for the middle-class that advanced their economic security stability and dignity together we will build what i call an opportunity economy economy an economy where everyone can compete and have a real chance to succeed everyone, regardless of who they are aware, they start, has an opportunity to
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build wealth for themselves and their children and where we remove the barriers to opportunity. so anyone who wants to start a business or advance their career can access the tools and the resources that are necessary to do so i will focus on cutting needless, bureaucracy and unnecessary regulatory red tape and encouraging an encouraging innovative technologies while protecting consumers and creating a stable business environment. with consistent and transparent rules of the road as president, i will bring together labour with small
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businesses and major companies to invest in america, to create good jobs achieve broad based growth and ensure that america continues to define the future. and lead the world and key, key to creating this opportunity economy is building up our middle-class it is essential the middle-class is one of america's greatest strengths and to protect it, then we must defend basic principles such as your salary should be enough to provide you and your family with a good quality of life
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such as no child should have to grow up in poverty such as after years of hard work you should be able to retire with dignity and you should be join a union if you choose building up the middle class will be a defining goal of my presidency because i strongly believe when the middle class is strong, america is strong so in the weeks to come, i will address in greater detail my plans to build an opportunity economy and today, i will focus on one
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element that's on the minds of many americans as they pay their bills at the kitchen table or walk the aisles of a grocery store and that is lowering the cost of living so every day across our nation, families talk about their plans for the future. their ambitions. their aspirations for themselves, for their children and they talk about how they're going to be able to actually achieve them financially because look the bills add up food, rent, gas, back to school clothes prescription medication. after all that, for many families there's not much left at the end of the month i grew up in a middle-class household for most
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of my childhood we were renters my mother's saved for well, over a decade to buy a home i was a teenager when that day finally came. and i can remember so well, how excited she was i kind of understood what it meant but we called her mommy. mommy was so excited. it just made us excited that she was so excited later in college, i worked at mcdonald's to earn spending money well, some of the people i worked with were raising families on that paycheck they worked second or even third jobs to pay rent and buy food. >> that only gets harder when the cost of living goes up. when i am elected president, i will make it a top priority to bring down cost and increase economic security for all americans? as president, i will
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take on the high cost that matter most to most americans. like the cost of food we all know that prices went up during the pandemic when the supply chains shut down and failed. but aren't supply chains have improved and prices are still too high a loaf of bread cost 50% more today than it did before the pandemic ground beef is up almost 50% many of the big food companies are seeing their highest profits in two decades and while many grocery chains pass along these savings, others still aren't look, i know most businesses are creating jobs contributing to our economy and playing by
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the rules. but some are not. and that's just not right and we need to take action when that is the case. >> at as attorney general in california. i went after companies that illegally increased prices including wholesalers that inflated the price of prescription medication and companies that conspired with competitors to keep prices of electronics. cai i won more than $1 for consumers so believe me as president, i will go after the bad actors and i will work to
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pass the first ever federal ban on price gauging on food my plan will include new penalties for opportunistic companies that exploit crises and break the rules and we will support smaller food businesses that are trying to play by the rules and get ahead we will help the food industry become more competitive because i believe competition is the lifeblood of our economy more competition means lower prices for you and your families now compare what donald trump plans to do he
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wants to impose what is in effect a national sales tax on everyday products. and basic necessities that we import from other countries. that will devastate americans. it will mean higher prices on just about every one of your daily needs a trump tax on gas a trump tax on food, a trump tax on clothing a trump tax on over the counter, medication and you know, economists have done the math. donald trump's plan would cost a typical family $3,900 a year at this moment, when everyday prices are too high he will make them even higher as president i'll attack and take on the issue of the
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cost of health care. as attorney general, i took on insurance companies and big pharma and got them to lower their prices and together with president biden, we've gone even further we capped the price of insulin at $35 a month, and the total cost of prescription drugs at $2,000 a year for seniors we let medicare negotiate lower drug prices for seniors and just yesterday and just yesterday, we announced that we are lowering the price by up to 80% for ten more life saving drugs
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and i pledge to continue this progress i'll lower the cost of insulin and prescription drugs for everyone with your support, not only are seeing and demand transparency from the middlemen who operate between big pharma and the insurance companies who use opaque practices to raise your drug prices and profit off your need for medicine two months ago, i announced that medical debt will no longer be used against your credit score and i will work as president with states like here in north carolina, roy cooper. thank you again, to cancel medical debt for more and more million more americans as for donald trump,
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well, he wants to repeal the affordable care act which 45 million americans rely on 45 million americans rely on it for health care that would take us back to a time when insurance companies could deny people with pre-existing conditions. we all remember what that was. we're not going and and remember this is why we're not going back because we do remember he tried to cut medicare every year. he was president threatening a program that tens of millions of seniors count on and according
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to his project 2025, agenda he intends to undo our work to bring down prescription drugs, the cost of prescription drugs, and insulin costs well, we've come too far to let that happen so we're not going back on that. and let's talk about the cost of housing so now the housing market can be complicated but look, i'm not new to this issue as state attorney general, i drafted and help pass a homeowner bill of rights one of the first in america and during the foreclosure crisis, i took on the big banks for predatory lending with many of my colleagues, including roy cooper and $120 billion for california's families when i was attorney general so i know
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how to fight for people who are being exploited in the housing market. and i know what home ownership means. it's more than a financial transaction is so much more than that. it's more than a house homeownership. and what that means it's a symbol of the pride that comes with hard work its financial security, it represents what you will be able to do for your children and sadly, right now it is out of reach for far too many american families there's a
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serious housing shortage in many places. it's too difficult to build and it's driving prices up as president, i will work in partnership with industry to build the housing we need both to rent and to buy. we will take down barriers and cut red tape, including at the state and local levels and by the end of my first term, we will end america's housing shortage by building 3 million new homes and rental that the middle class do that together we will do that together and we
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will make sure those homes actually go to working and middle-class americans not just investors because, you know, some corporate landlords, some of them by dozens, if not hundreds, of houses and apartments then they turn them around and rent them out at extremely high prices and it can make it impossible then for regular people to be able to buy or even rent a home some corporate landlords collude with each other to set artificially high rental prices often using algorithms in price fixing software to do it it's anticompetitive and it drives up costs. i will fight for a law that cracks down on these practices we also know that as
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the price of housing has gone up, the size of down payments have gone up as well even if aspiring homeowners safe for years it often still is not enough so in addition, while we work on the housing shortage, my administration will provide first-time home buyers with $25,000 to help the down payment on a new home all to help more americans experienced the pride of homeownership and the financial security that it
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represents in brains so that's my plan. but here's what donald trump would do if his project 2025. agenda is put into effect it will add around $1,200 a year to the typical american mortgage he's got it backwards. we should be doing everything we can to make it more affordable to buy a home. not finally, there's one more way. i will help families deal with rising costs and, that's by letting you keep more of your hard earned money under my plan, more than 100 million americans will get a tax cut and we will do this by
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restoring two tax cuts designed to help middle class and working americans. the earned income tax credit and the child tax credit millions of americans with children got to keep more of their hard earned income we know this works and has a direct impact on so many issues, including child poverty we know it works. so as president, i oh, not only restore that tax cut, but expanded, we will provide $6,000 in tax relief to families during the first year of a child's life now i think what that means what that means that is a vital vital year of
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critical development of a child and the cost can really add up, especially for young parents who need to buy diapers and closed in a car seat and so much else and we will do this while reducing the deficit compare my plan with what donald trump intends to do he plans to give billionaires massive tax cuts year after year and he plans to cut corporate taxes by over 1 $1 even as they pull in record profits and that's on top of the 2 $2,000,000,000,000 tax cut. he already signed into law when he was president which by the way, overwhelmingly, overwhelmingly went to the wealthiest americans and corporations and exploded the national deficit you know, i think that if you want to know who someone cares about, look who they fight for donald trump
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fights billionaires and large corporations we, i will fight to give money back to working and middle-class americans so i'll end with this two days ago, donald trump was here in north carolina he said he was gone. >> talk about the economy i thank you all watched, you know what i'm about to say but he offered no here he is plans to reduce costs for middle-class families no plan to expand access to housing or health care and that actually, i think for most of us was not surprising because we already
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know his plans. >> we know the project 2025. agenda so there's a choice in this election donald trump's plans to devastate the middle-class punish working people, and make the cost of living go up for millions of americans and on the other hand, when i'm elected president, what we'll do bring down costs increase the security and stability financially of your family and expand opportunity for working and middle-class americans so now, now, now is the time to chart a new way forward. now is
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the time to chart a new way? forward to build to build, to build an america where everyone's work is rewarded and talents are valued where we work with labor and business to strengthen the american economy. and where everyone has the opportunity, not just to get by, but to get ahead so i thank you. north carolina, we're going to get this done god bless the united states of america we've been listening to
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vice president kamala harris deliver a speech on the economy and raleigh, north carolina wearing a tar heel blew in a state that democrats haven't won since barak obama back in 2008. >> but which donald trump, only won by about a point and a half in 2020 kamala harris, they're saying now is the time to chart a new way forward, talking about building an opportunity economy. she described a number of policy positions that candidly may be difficult for democrats to accomplish depending on who gets control of congress. but nevertheless, she tried to differentiate herself with the former president attacking him at different points. >> yeah, she certainly did try to try to draw that contrast there and really personalize her vision of the economy, trying to impress upon americans that she sees them and feels then we have a great panel here. we're going to talk about it more we come back right? >> and mikah are taking on to
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i'm lowering my cv risks check your cost and coverage before talking to your healthcare professional about we go i wish my tv provider let me choose what i pay for. sling. let you do that. >> where are you going i wish mike levy, provider, let me choose what i paid for and let me pause my subscription when i was saying led to do that i wish my tv provider let me choose what i paid for and let me pause my subscription when i want and have hundreds of free channels when left to do that to mr. fish, choosing, customize your channel lineup for watched for free slink. >> let you do that. >> then the first bill is subway has never been easier just by enter football, get out, get another freed dough. the hard part is telling travel. he doesn't get the second footlong waits seriously i've got to it's down, buddy or now in the subway did you know taking xyz all at night,
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release allergies while you sleep you wake refreshed for more productive day get 24 hour continuous relief that does not fade he wise old, take xyz off at night close captioning brought to you by mesobook.com if you or a loved one have mesothelial not we'll send you a free book to answer questions you may have called now and we'll come to you 808 to 14000 this is cnn breaking news breaking news into cnn. >> we've been watching vice president kamala harris wrapping up her first major policy speech in north carolina she's now working the rope line, shaking hands with folks as she laid out new details on her economic agenda she touted the biden administration's work, bringing the economy back from the covid, pandemic she said she wants to build what she's calling an opportunity economy with bringing down costs of living as her top priority is president. >> and that includes her pr
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