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glucose? oh, the answer is on your phone. what if you're hitting low at night? wow. it can alert you and you can even track your goals. manage your diabetes with confidence. with dexcom g7. the most accurate cgm. learn more@dexcom.com. >> i'm elizabeth wagmeister in los angeles and this is cnn >> president-elect trump replacing his choice for attorney general with another loyalist who has vowed to go after the so-called deep state and promise to prosecute top officials at the very department that she could combs in court right now trying for a third time to get

released on bail. how his attorneys are using a now infamous video of the music mogul attacking a former girlfriend to try to get him out. >> and some bad news for home buyers sales are down and those 6% interest rates economists say they're the new normal. we're following these major developing stories and many more all coming in right here with cnn news central general and now out of congress, matt gaetz says he will not be returning to his house seat in the new congress after withdrawing his name from consideration as president elect donald trump's attorney general instead, pam bondi will now face senate questioning after trump named her to replace gaetz as his choice to oversee the justice department. >> bondi is florida's former top prosecutor, and she is a staunch trump supporter. already, trump's allies are said to be breathing a sigh of

relief as they rally around his new selection. cnn's kristen holmes is live in west palm beach, florida, as trump is working to fill the remaining positions in his second administration. kristen, we'll get to gaetz and bondi here in a moment. first, though, we're learning that trump has someone in mind to lead the department of agriculture. tell us about this that's right brianna. >> two sources telling kaitlan collins that he is expected to ask kelly loeffler of georgia to lead the department of agriculture. later today she was somebody who led a failed senate campaign in georgia in 2020. but she has been by his side since then. she is a loyalist and a big time donor to donald trump. she held a number of fundraisers for him, and in the final days of his campaign was by his side. now one thing to keep in mind here, this is really the first name that we're hearing since what we saw with attorney general and matt gaetz and pam bondi. yesterday we were talking about potentially getting secretary of treasury, which is still a missing position, but instead

the entire apparatus around attorney general fell apart when donald trump called matt gaetz, told him that he did not have the votes in the senate, and matt gaetz withdrew his name within six hours. donald trump had chosen pam bondi. now we are hearing from matt gaetz for the first time in an interview where he essentially blamed some of the ethics reports and items around that. on kevin mccarthy, the former speaker of the house, who matt gaetz had helped get out of office. here's what he said i was dealing with a politically motivated body. >> they didn't like me because of what i did to kevin mccarthy. all of them were handpicked by kevin mccarthy, and they had an ax to grind. so that was going to serve as at least enough of a basis to delay my confirmation as attorney general. and i could have answered all those questions. i could have engaged in a months long fact battle, but we don't have months have an ag ready to go. day one.

>> now he also went on to praise pam bondi, but of course, as we know, there were a lot of questions among trump's orbit as to what exactly was in that ethics report. we kept getting little drips and drips of several sources close to the transition team that there was concerns that there might be more evidence in there. there might be more witnesses than they had previously known that had spoken to the committee. all of matt gaetz already didn't have the votes to get confirmed. i will tell you, having spoken to a number of people in trump's orbit, they feel that pam bondi can get confirmed and they are breathing a sigh of relief because they think it's going to take a lot less political capital to get her through the door. >> yeah confirmable perhaps likely. and a loyalist very much. kristen holmes thank you for the report from west palm beach. boris. >> so gates was one of facing sexual misconduct allegations. but what do these issues mean for their chances of confirmation? trump's

defense. former fox news host pete hegseth, is accused of sexually assaulting a woman in california seven years ago. now, he was not charged with a crime, and he claims that the entire encounter was consensual, although he did enter into a settlement agreement with his accuser that included a payment and a confidentiality clause. and then there's trump's pick for education secretary, former ceo of world wrestling entertainment, linda mcmahon. a lawsuit claims that she knowingly enabled child sexual exploitation by a wwe employee as early as the 1980s. allegations that she has denied and trump's pick to head health and human services robert f. kennedy jr.. a woman recently spoke out to usa today saying that he groped her when she was working for him as a nanny in the 1990s. rfk has not acknowledged those allegations. we're joined by cnn senior data reporter harry enten harry, let's talk about these picks starting with pete

hegseth. trump trying to tap him to lead the pentagon. >> i just think, what's so shocking about all of this is normally the confirmation process for cabinet level or cabinet positions they fly through, but in this particular case, when we look at the betting odds it's so far from a sure thing for a number of these picks. obviously, matt gaetz has already withdrawn his name. so let's start with pete hegseth right to lead the defense department. the odds of him becoming the defense secretary a week ago, it was 82% as that allegation that you mentioned at the top has made its way through the news cycle. look at where ts confirmed. now, that's still north of 50%, but that is far from a sure thing, boris. and it's something honestly i wasn't expecting at the beginning of this process though, given trump's untraditional ways, perhaps i should have >> harry, what about robert f kennedy jr. and linda mcmahon? tell us about their odds. >> yeah. you know, obviously rfk has many things going on

with him. you obviously mentioned the stuff with potential sexual misconduct at the top here. but of course vaccines you know, he wants to lead the hhs. right. wants to lead to health and human services department. so look at his odds 78% a week ago. where are we at now? just 70%. just 70%. again, that's a far from a sure thing. and this is just something we've seen over and over again with trump's picks. he takes what should be short things and turns them into dicey situations. now there is one pick. you know, we mentioned linda mcmahon. i think she has a pretty gosh darn good chance of getting confirmed. so this is the chance that she is confirmed as the secretary of education. look at this. a 92% chance versus just an 8% chance of not. this is the number that we're more used to seeing for people who are put up for the cabinet very much unlike what we see with either hegseth or with robert f. kennedy jr.. boris and harry. >> one other nomination that isn't tied to any sort of sexual misconduct allegations, but has made controversial remarks in the past and could

be in trouble, is trump's choice for for director of national intelligence, the dni tulsi gabbard. what are her odds? >> yeah, what are her odds again? way south of 100%. look at this. what's the chance that she's confirmed as dni? look at this. just 63%. yes, 37%. no. now again, 63 is higher than 37. but these should be shoo ins. for the most part, they should be shoo ins. and instead what we're seeing is across the board, far from shoo ins. we're talking about a little bit more than half to maybe three quarters. it really would not be surprising to me, boris, if one of these folks, i expect the majority of them to get confirmed. it wouldn't be surprising to me if either pete hegseth, rfk jr. or gabbard are ultimately not confirmed, given the problems that i think a lot of folks have with them, which is something i just say it over and over again it's truly untraditional harry enten thank you so much for breaking those numbers down for us. >> let's discuss the politics with republican strategist shermichael singleton and democratic strategist kevin walling. thank you both for being with us. shermichael.

first to you, this move with gaetz out bondi in and now with the announcement of of loeffler, some would say a more traditional or certainly a pick that has the background in senator former senator um, how do you see this confirmation nomination and confirmation process shaping out for trump? >> oh, i mean, so far, i think it looks great. i've had the opportunity to speak with a number of my friends who work on capitol hill, on the senate side for senators, but also who are staffers on the republican side for various committees. and every single thing that i've heard within the past 24 hours is absolutely great they're excited. they're ready to move forward with confirming most of these individuals. they think things are moving in the right direction. no one is even talking about the former congressman gaetz. it was a rough spot for about a week and a half or so. people are ready to move on. they want to confirm the nominees for the president elect so that republicans can move forward with their agenda for the american people. do you think the rest of his picks necessarily get confirmed, or do you think there could still be some hold ups kevin, i think

the president elect's going to struggle with those three, and we've talked about it before rfk tulsi gabbard and pete hegseth as harry just mentioned, in terms of the betting markets, i'm sure, michael, i think kelly loeffler is going to sail through as a former senator. >> she spent a year there. pam bondi let's not also forget she built some relationships with the senators defending the former president in that first impeachment hearing before the united states senate. so i think those two are shoo ins. i think those three that i mentioned are the real concerns for the trump campaign. >> and i think pete is ultimately going to get confirmed. there is more to this story that we're not aware of yet. i've had the opportunity to speak with tim parlatore, who's pete's attorney, and they're expecting to see some some things change and potentially reveal some things that i think will provide more clarity for senators and even the american people, potentially in the next week or two. so let's just pause a little bit and see what happens there. >> you're not concerned that that confirmation process could get ugly if they get testimony from folks that come out publicly and say things that are negative. >> well, look, some of the testimony that we're aware of,

boris suggests from what we've seen, that the testimony from the alleged individual may not be as forthright or as accurate as we thought. and i think there's a lot of testimony there that would absolutely bode well for pete and his ability to get confirmed by a lot of republican senators. from what i have heard so far, there doesn't appear to be any republican. that is an absolute no on pete. and so i think ultimately, pete gets confirmed here. >> there's also the question of whether he's qualified for the job with his background. kevin. and so i wonder as you look at those three and you have republican senators and there are a number of them up there who have concerns about gabbard, about kennedy jr. about hegseth, if they're sitting there going, man if i have to choose one that i'm going to maybe oppose here, what would be the safest bet do you think? >> well, actually, matt gaetz gave them a little bit of runway there because obviously that was the most troubled nomination. so it's almost a freebie that they get to maybe object to one additional person

that the president elect has nominated. you know, there's a lot coming out with tulsi gabbard. you saw an interview that nikki haley gave about serious concerns with her relationships to syria to russia attacks from the right in terms of her cozying up to edward snowden. so there's some serious nomination. certainly pete hegseth. i think there is going to be some fiery testimony in that confirmation hearing armed services, you know, you've got jack reed, you've got some serious individuals at that dais that will call into question his experience running a department of millions of people with our largest budget item. so you know, i think that process will play out. and of course rfk and his views that are being attacked from the left and the right, which you didn't answer my question. i think i think it's likely that rfk jr. goes down. there's a lot more there that we're going to find out. i think pete, to michael's point probably sails through. but it's going to be heated. >> interesting. i mean, look, i was just going to say quickly here, democrats are making a

lot of noise about pete and not having experience. >> i mean, the current hhs secretary isn't a doctor. he's not a medical professional or an expert. he was attorney general for california so i would say to my democratic friends, pause your brakes a little bit here. okay attorney general for california different from maybe being a veteran, a bronze star recipient, but ultimately a cable news host for a department, for a department that employs like a million people. so boris, to that point, i was a political strategist i'm now on television. if some major corporation says, sure, michael, we want to hire you to be vice president of strategic governmental affairs or whatever. do i not have the experience in my background to do that job? i would certainly say that i could do, you know, i would hire you for sure. >> no. there we go. >> there we go then. thank you. i don't know about defense, but maybe hhs. >> kevin i am curious about whether you think this gaetz withdrawal says anything about how republican senators are poised to potentially disagree with trump and his agenda moving forward, because trump could have approached this very differently. >> yeah, it's a great question. you know, you saw and we talked

about this last week, the the effort has moved. so quickly. but with with that quickness in terms of these nominations, there's a sloppiness involved. and i think the fact that they aren't going through with these fbi vets that could actually save the trump effort in many ways. if you see some of these things come out before the confirmation hearings take place but to your point, you're seeing, you know some willingness, you know, kevin cramer, for example, north dakota, i've got some serious concerns about what i've heard about pete hegseth he just said that today, i think to manu raju on the hill. so you're seeing these foundational kind of things with the senate. you've got a lot of members that are, you know, in their last throes of their career. mcconnell up in two years, probably not going to run again. there's some freedom with murkowski murkowski, alaska, some freedom with susan collins. where you know, they feel somewhat empowered to say no. if these picks are just so far out of the mainstream. >> but, but but president elect trump is not the first president elect to have nominees withdraw their names or individuals that you may say, wait a minute here. you're

not going to get across the finish line. we're going to nominate someone else. >> circumstances. this is not unprecedented. this isn't unprecedented. >> and yet you haven't really seen an intra party threat of a primary for someone not supporting a nominee before. >> i mean look, did it get off a little shaky? one could could make that argument. but again, in terms of precedent, you have seen other president elects go through this going to defend the president elect in this regard, because the vast majority of the nominees will absolutely get confirmed. we're talking about 2 or 3 people who may be a little shaky. i think they'll get confirmed also, are you going for a press secretary gig or something? >> no i'm not. >> i'm making i'm making. >> i am making too much money in my business right now. i'm not giving up my millions of dollars. i'm just going to say i'm comfortable. there's no let's just be clear. >> there's no precedent for what just happened under these circumstances. >> i just want to be very clear about that yeah, there have been others who've had their names removed that's all i'm

saying. you are simply saying you are senate confirmable not like this shermichael. >> thank you so much, kevin. >> thank you maybe they're not like us. >> you know, the song. >> i'm not even going there. >> i am moving on because i had this hour on cnn news central cnn is inside the courtroom. >> sean "diddy" combs will be trying again to get released on bail. the hearing coming just days after prosecutors said they have evidence that he's been trying to influence witnesses from behind bars. plus, they say migrants have learned to wear shoe coverings made of carpet to avoid leaving a traceable trail. meet the ranchers counting on president-elect trump to finish his border wall. >> and we're following a contentious climate summit as a deal that would require wealthy nations to pay hundreds of billions of dollars a year to fight. climate change is met with anger from all sides. these important stories and more coming up on cnn news central

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monthly payments, and no interest for 12 months. don't miss our black friday savings event for a free appointment call before december 2nd. one 800 501 1400. that's one 800 501 1400. >> happening now. sean "diddy" combs is back in a new york courtroom marking a third attempt to be released on bail in his sex trafficking case. he's been in jail since his arrest in september, and today's hearing is happening as combs's lawyers are accusing prosecutors of manipulating a disturbing video, one that you've probably seen it's the one that shows him brutally attacking his then girlfriend cassie ventura, in a hotel hallway back in 2016. cnn's elizabeth wagmeister is live in los angeles. elizabeth does the combs team have a strong case here to make, especially in light of these recent allegations that he's been making calls behind from behind

bars that could be seen to influence maybe witnesses look, brianna so combs team says that those allegations about those phone calls and tampering with witnesses from behind bars, they say that that is not true. >> they are denying all of that. there have been filings flying left and right today. we've had two new filings last night there was an additional filing where they spoke about that video that you just referenced, brianna so combs team, they are working very hard to try to get him released. as you said, this is going to be his third bail hearing. we'll see if third time's a charm. but right now, what we see here is some screenshots from that disturbing video that our team broke here at cnn now, what combs team is saying in this filing is that prosecutors they claim that they submitted a version of that video that our team released. now, we have not seen that alleged video that

prosecutor submitted to the court for these bail proceedings. we don't know what was in them. but combs team is saying it's edited, that they left out some of the material, that it's out of order and they are taking issue with that. now, i want to read you part of what combs team said in that filing, brianna. they say, quote, the video is not evidence of a coerced freak off and sex trafficking, but rather a sad glimpse into a decade long consensual relationship between mr. combs and ventura. so they are categorizing this as a sad moment within a consensual relationship. i think what you saw brianna, what i saw, what the world has seen now is that video depicts a horrific, violent attack against a woman now, we do not know what happened behind closed doors. the footage that we have seen occurs in the hallway of that hotel room. but what happens in the hallway of that hotel room? according to the footage that our team obtained and released

earlier this year again, is combs dragging ventura kicking her throwing a vase towards her, a glass vase towards her. so we will see what the judge has to say but right now, combs in a courtroom the third attempt to get out before his criminal trial. remember brianna, his criminal trial is set for the spring of next year, and he has been denied bail twice. he is trying to get out as he awaits that trial. >> that may be a tough sell, but we'll see what the judge says. elizabeth, thank you so much for the report, boris. >> let's discuss some of the details with joey jackson. he's a cnn legal analyst, a former prosecutor as well. joey, thanks so much for being with us. this is sean combs do you think he has a better chance this time around? >> so he may. boris, good to be with you. and here's why you heard elizabeth referenced the issue of the recording and here's why it's significant in terms of its manipulation. just to reset the critical to his

denial on bail were really two factors. the one factor related to him being a danger to the community, the other factor being how he would potentially obstruct witnesses now critical in the prosecutor's arguments at those pre previous hearings was the fact that there's this tape that everyone has seen and they said prosecutors did that. that tape was in the context of a freak off. it was in the context of sex trafficking. it was in the context of him being violent as it related to that count in the indictment against miss ventura, right, who's referred to as victim one. but here, now comes the defense saying, hey, by the way, the prosecution has misled you. court this had nothing to do with a freak off, as is alleged, which were the parties that he was allegedly having, that his p diddy with all of these instances going on with coerced sexual activity. et cetera. had nothing to do with that. it also had nothing to do with sex trafficking. this was a domestic dispute now, it doesn't make the violence in the tape boris, any more tenable right? violence is

violence. it shouldn't have happened, but it gives it context. now when you get down to the manipulation of the tape the reordering of the tape, did you mislead the court? if they did? that's a factual question. a judge won't be too happy they're also arguing the defense team that there's the issue concerning his ability to prepare and be ready for trial if you're going through and rummaging through his notes and other records that are attorney client privileged and peeping at them and looking at them and using them against them, how could he prepare for trial? so those we know that there was a raid of the cell and there were certain notes that were used that the prosecution now has defense team saying, no, we need to be able to prepare him. so those are the two critical arguments that they're making. we'll see whether they carry the day but to your question, i think this new material certainly gives and may give the judge pause this time in terms of saying maybe it is that i should grant him some bail package that is reasonable or not joey, about those personal notes, the prosecution

has argued that this was a >> i'm wondering how a judge goes abomining where to land on whether these notes are actually admissible, and do you expect that the phone calls that he's apparently made allegedly made to be significant these like three way calls to try to convince witnesses to do one thing or another. >> so boris, everything has a context, right? and so when you evaluate the context, let's look at the notes. yes, it could have been a preplanned search. and it's important to search in jails safety and security is preeminent you want to ensure that. but when you get notes and other materials that could be subject to attorney client relationship, there should be a filter team. that is a team of prosecutors who have experience to go over those records to determine whether or those prosecutors generally are unrelated to the case. they'll look through it and they'll parse out the material. and if it could be given over to the other side, who's on the case, they'll do that defense team says they failed that is the

filter team in that regard because those notes should have never been given and used in this case. that's number one. that's troubling. and there should be a hearing as it relates to that. and so we'll see where the judge lands on that issue. you know moving forward with regard to whether or not i think the notes are certainly not going to be admissible, but i don't think the judge is going to be very pleased in terms of you using that against him. and it furthers the defense's narrative that hey, you know what? we need him out here right? so that he could prepare with us not inside where they're peeping. and looking at his records and documents and joey jackson, always great to get your perspective thanks so much for being with us thanks, boris up next, meet the ranchers who say the unfinished border wall has turned their land into a dangerous cartel crossing. >> they now call the doorway to the u.s. >> i always have a weapon, david here's my pistol. you have a weapon people go the other way

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money reserve is one of the most dependable gold distributors in america how it really happened sunday at nine on cnn look at some hot spots on the border with mexico, where ranchers vigilantes and police are on the lookout for people crossing illegally into the u.s. >> many of those front line folks expect donald trump to stop the flow of illegal migrants as promised. >> cnn's david culver takes us there u.s. >> mexico border, we're going to go run that absolutely not. >> i just had him at 85. so we're going to talk arizona deputies close in on a suspected migrant smuggler this suv going 40 miles over the

speed limit. get back in the car now after a quick search, though, no migrants found they let the driver go with a reckless driving ticket and move on to the next running down cars like this all day it's part of the stepped up search efforts for cartel backed drivers on average, deputies tell us they bust 2 to 3 vehicles a day carrying migrants or drugs here. >> this is a really hot spot, so the cars will come down from phoenix, take the three hour journey along this highway and pull into a spot in here. hit the horn and they'll pop out of the brush. >> sheriff mark dannels tells me most smugglers are u.s. citizens, paid by mexican cartels. >> we've got to get back engaged into what the cartel is all about ruthless, murderous gang. and number two is they have no respect for this country. >> they need to secure the border. at the border, jim. >> and sue chilton tell me the cartels use their ranch as a crossing ground. >> the idea that people coming through here, through my ranch or coming in to poison our

people, is very very objectionable to me you can see they're all carrying backpacks. >> many of them are identical they show me about two hours of surveillance footage collected from just five cameras on their 50,000 acres in arivaca they all look like they're wearing fatigues, camouflage i mean, it almost looks like a military operation well, over 3000 people coming to my ranch in the last three and a half, four years are in the country. >> we have no idea who they gotaways. >> the chiltons say the surge in gotaways started when president construction of the border wall. seu points to the half mile gap on their ranch that she calls the door obviously, if you leave your door standing open in your house, where do people come in? >> they open the door, right? okay federal government's warning us that there are bad people coming through here jim says he's come face to face

with them. >> about 20 guys ran across the road and up that hill to going northwest and the guy in front appeared to have a ak 47. >> do you carry any protection while you're out here i always have a weapon, david here's my pistol. >> you have a weapon people go the other way. >> we soon learned jim isn't the only one armed in these parts you name it. >> i've been called it some call tim foley a vigilante he says his self-funded group arizona border recon, is here to deter the cartels. >> it's a game of chess or whack a mole who's winning them volunteers from across the u.s. joined foley in his unofficial and at times controversial, patrol effort and so why do it i love my country, and that's why i said i'll be here until i feel it's secure. >> when you look at where the border wall ends, what goes

through your mind why did it end? >> why wasn't it finished? but i'll guarantee you that president trump is going to finish it and secure the border pulling up to where the wall ends, jim warns us the cartels have been battling it out to control this corridor. >> would you hear gunfire? >> well, i've heard gunfire. yes uh, like a war zone. a war going on over there i don't hang around. i get out of here. >> we see some movement up on the ridge, which according to jim, is very likely because they have lookouts all over. they'd likely be watching us because we're at as the children say, the doorway into the u.s.. and that also happens to be their money making route about 50 miles east of the chilton's ranch nogales businessman jaime chamberlain knows the economic importance of the border. >> his produce import company

relies on the port of entry here. >> any time that you take away those resources, whether it's personnel or whether it's funding for for for border patrol, you are weakening those ports of entry. >> but he believes the economy and national security are about to improve. >> i think the new administration has made it clear that they're going to go after criminals first. >> are you nervous with with president trump coming in, do you have uneasiness about it yeah, it's different. >> you know trump is different. so i respect him too. you know along the border wall we meet rafael celebrating his 34th birthday with his mom and son visiting from the other side. >> a decade after crossing illegally. he is still undocumented working on a construction site with a team of about ten. >> how many of them would you say are undocumented? >> that's like ten. ten. so everybody. yeah yeah but cochise county deputies say they aren't focused on migrants like rafael. >> traffic they want the cartel

fueled smugglers who operate day and night. i can kind of safely assume that. i think activity will pick up in the in the coming days until the inauguration. and that's just the cartels, basically saying, hey now's the time. let's get it. you know, we're here to make money. let's let's get it while we can. >> david culver, cnn, cochise county arizona, a really eye opening story. >> fantastic work by david colter our thanks for that report. coming up, the fed is keeping their effort to cut interest rates alive. so why are mortgage rates going up? why home buyers could be waiting a while. we're talking years to see a drop and if you have both medicare and medicaid, i have some really encouraging news that you'll definitely want to hear. >> depending on the plans available in your area, you may be eligible to get extra benefits with the humana medicare advantage dual eligible special needs plan most plans include the humana

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of buying a home has become well out of reach for millions of people. >> so it was welcome news when the federal reserve started cutting interest rates in september. but mortgage rates have defied the fed, and they've actually moved higher, nearing 7% in the past few weeks. since the election. so why is that? you're probably asking. let's talk about it with roben farzad, business journalist and host of npr's full disclosure. roben, why? why aren't we seeing some kind of relief for homebuyers we still have a lot of money in the system, and interest rates refuse to go down. >> you typically see interest rates slashed when we're in an economic tumble. indeed, the fed took rates down to zero in the throes of the pandemic and there were people have been allowed to avail themselves of 2 to 3% mortgages. >> and they are loathe to give those up. >> now, you see, the prevailing rate is still, you know, stubbornly closer to 7%. >> and that has a lot of people on the sidelines people voted

>> more people voted for trump, believing that he would fight inflation. but you're saying that the bond markets are betting that trump's promises would feed inflation, and the fed will have to hike rates to fight it well, no. >> i mean the worry is that the incoming administration doesn't take kind of deficits seriously and is mostly about spending and is out there with tax cuts and things that would add to the deficit. i mean make prospective bondholders more scared about buying our securities and then sending the yields lower. and it's just very hard to do at a time when you're issuing more debt to keep the lights on and keeping the debt balances high. and the fed had these plans and investors were hoping the fed could cut more into it. but now you might see more daylight between this fed and the donald trump white house and so since the election, we've seen a lot of anxiety about it already housing sales are having kind of their worst year since maybe the mid 90s. on fear of pricing. pricing is is stubbornly high. rates are

still close to 7%. and so what's going to break that logjam so what are economists saying about when the right rates might finally come down? >> i mean when are we going to see that happen existential question. >> that is the multi-trillion dollar question. you do see rates slashed when the economy is in distress. if it's in true distress, not close to 4% unemployment, but something akin to the financial crisis or various things that we saw over the last 20, 25 years where the fed comes in and half a point at a time starts cutting rates to stimulate the economy. the big question right now is that a market where housing for so many million prospective buyers, does the fed need to stimulate into that? i mean, who exactly benefits? if you're a young family that's waiting for cheaper interest rates prices down or home prices going to go up? if the fed brings interest rates and then mortgage rates down. and so it's almost kind of a standoff or a game of uncle. somebody

has to cry uncle first. and there are huge questions in this. >> what's the long term effect of people being priced out of the of the housing market and out of the lending market for getting into homes just a learned helplessness. >> generationally, you're supposed to have older people that passed on these things to younger families. the existing housing stock that would move on but we saw this renaissance of of housing during the financial i mean during the pandemic where people were taking on second homes, satellite markets. i mean, in your area, if you were going to look at westchester or newburgh or even going up to upstate new york or various points up and down the eastern seaboard and on top of that, you get something like a three, 3.5% mortgage. and so those older people, a lot of these are boomers and older gen xers. they're loathe to give that up. but what finally convinces them to give that up? they can't hold on to it forever. i mean they're going to need a first floor bedroom and the question is, are these people who are husbanding money and paying lots in terms of rent in the meantime, able to afford when

exactly that handoff happens? i think it has everyone economist housing strategists, everyone on wall street scratching their heads. >> yeah, i actually live in d.c. so i think they're heading down to where you are to get their second homes closer. but still the same point. i think they're yeah, they're thinking about the markets of d.c. already. >> you're seeing areas of pennsylvania where people are being crowded out. people talk about york pa in new york. they talk about westchester and upstate new york. you know here in richmond, charlottesville, durham north carolina, these have all been beneficiaries, especially lower tax environments. and that's caused a lot of fear and loathing and frustration among locals. >> yeah completely. we've even wondered how that affects the political landscape in some states as well. robin, great to have your insights. thank you so much thank you brianna. so way too expensive, while others argue the amount is an insult. all the drama holding up a deal at a big climate summit next

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coventry direct redefining insurance it's time that we go back to tennessee. >> nashville is a hot market oh, okay. >> this isn't fitting. ten kids. no, no, i want to make this the perfect home for them look at this, christina in the country. >> all new tuesday at nine on hgtv now in overtime after a funding plan aimed at dealing with climate change ran into backlash from poorer countries the un wants wealthy, developed nations like the united states to provide $250 billion each year by the year 2035, to help poorer countries tackle climate change that figure is significantly higher than the current amount, which you see on the wall there, but it may still fall far short of how much is actually needed. >> cnn climate correspondent bill weir joins us now. bill, where do things stand happening in baku, azerbaijan

right now. >> and to be clear, this is the majority of the world's population, the majority of developing countries saying this is not about charity this is about a you broke it. you agreed to help fix it situation in 2009, the richest countries agreed to set up a $100 million, $100 billion a year fund for these developing countries. the payments didn't start until two years late 2022, and now it seems like they're clawing back and pulling back on the ambition to do this support they came to this with economists agreeing that given the speed and scale of the climate crisis, the figure should be between 1.3 and $5 trillion a year to be shared by the richest nations. the new offer, 250 billion by 2035, which, given inflation, is not that much of a bump it's why panama's lead negotiator said this offer is a spit in the face of vulnerable nations like mine. they offer crumbs while we bury the dead outrageous evil and remorseless. overall, what you have at this cop is china, which is exploding in renewable

power they put on 67% of the world's solar and wind to date, while the u.s. is 7%. but they want to be treated as a developing nation and get largesse from the richer nations. while this is happening, saudi arabia is now sort of boldfaced, resisting all progress on this they're just dug in and trying to shoot down everything. and then, of course, the united the united states is coming in with the trump administration. boris promising to drill, baby, drill for the next four years. >> bill weir, thank you so much for keeping an eye on the situation in azerbaijan. thanks so much. a wisconsin kayaker who was believed to have drowned just recorded a video revealing that he's alive, but he won't say where he is. or perhaps more importantly, whether he plans to return home to his wife and three kids. this story next >> it's like we have a new home, real customers share their stories about empire

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