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tv   CNN News Central  CNN  March 10, 2025 11:00am-12:00pm PDT

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>> problems urinating, vision changes, or eye pain occur. >> ask your doctor about breztri. >> dry eyes still feel gritty, rough, or tired. with my bow. eyes can feel. >> my bow. >> my bow is the only prescription dry eye drop that forms a protective layer for the number one cause of dry eye. too much tear evaporation for relief. >> that's my bow. oh, yeah. >> remove contact lenses before using my bow. wait at least 30 minutes before putting them back in. eye redness and blurred vision may occur. >> i bow, to ask your eye doctor about prescription. >> my bow. >> i'm oren liebermann at the pentagon and this is cnn tariff turmoil china ups the ante hitting u.s. >> agricultural products as it retaliates against president trump's tariffs. that's also rattling investors already anxious after the president's comments about a possible recession. >> plus.
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>> can the u.s. broker a deal to end the war between ukraine and russia? saudi arabia is hosting peace talks this week. ukraine's president arriving there just a few hours ago. and there is a crackdown on campus. a palestinian activist who helped lead protests at columbia. he's now arrested by immigration authorities. what the president just said about this arrest. we're following these major developing stories and many more, all coming in right here to cnn news central. >> today, the wall street slump deepens as president trump's global trade war fuels economic uncertainty. and after he declined to rule out the possibility of a recession this year. >> are you expecting a recession this year? >> i hate to predict things like that. there is a period of transition because what we're doing is very big. of course you
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hesitate. who knows? all i know is this we're going to take in hundreds of billions of dollars in tariffs. >> meanwhile, china has begun imposing broad tariffs on u.s. farm products, retaliating after president trump doubled the tariffs on all chinese imports last week. cnn's jeff zeleny is at the white house. jeff, tell us what you're learning. >> well, brianna, a new week and a new wave of uncertainty in the markets. we've really seen it all day long following the president's comments over the weekend about the possibility of a recession, not ruling out that possibility, which, of course, is a question hanging over every administration. but we've certainly heard the president talk about a short term disruption, some small turn of pain. but recession is a whole 'nother matter entirely. but really, looking at the economic policy as a whole, as beijing is imposing new tariffs today on things like soybeans and wheat
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and chicken and other products, some members of congress and some republican allies wish the president would talk more and focus more on those tariffs, not on mexico and canada. >> i hear all the time, as a republican or a congressman from omaha, where our steaks, omaha beef or nebraska beef is being blocked out of chinese ports. they put so many barriers in front of our products. so i would say to the president or my advice would be, if we're going to do tariffs, focus on our adversaries in china is our adversary, so is russia. but when it comes to our allies, i think we should be a little more diplomatic and work behind the scenes, behind closed doors, doors more and get these problems fixed. >> and that, of course, is congressman don bacon, republican from nebraska, talking about how he wishes the administration would focus more on china in terms of tariffs rather than on on a candidate. but it's clear that on the mind of the president and the white house, still more tariffs on
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canada and mexico, of course, with the new leader in canada. this is one central question what that relationship will be like between the president and the new canadian prime minister. but again, brianna, it's only monday. but those markets certainly are still jittery and uncertain over this trade policy. >> yeah, we are definitely seeing that. jeff zeleny. thank you boris. >> let's discuss all this with chief economist for kpmg, diane swonk. diane, thank you so much for being with us. the president talks about a period of disturbance, a period of transition. what do you make of that? >> well, clearly they understand that there is going to be pain and there's going to be inflation related to tariffs. what i don't think most people understand is and frankly, it's very difficult to map it out is what that transition is. and i think they think they're going to get to a period where we actually onshore and we see all
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this production coming home. but the economics on tariffs and trade wars is pretty unequivocal. the cost they impose on consumers and on manufacturers is greater than any increase we get in protected industries. great example was the 2018 2019 trade war. yes, we gained steelworker jobs. that was great for steelworkers, but it was at the expense of a decline in overall manufacturing employment because the cost of inputs went up so much. the tariffs on drive on washers went up in the 2018 2019 trade war, but so did the cost of dryers that were sold with them. so in that way, consumers paid for terrorists and then some because of just the the fact they were sold together. and those are the things that i don't think we're getting all of the readout on in terms of what is the end game of all this, there's obviously negotiation tariffs. there are
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strategic tariffs because of security issues. there are unfair trade policies. but then there's also this sort of sense of why are we not dealing with some of these larger issues with our closest trading partners and our most integrated economic relationships behind closed doors? this is a little bit too much of the sausage being made, and us all being a part of it. >> trump said he didn't want to predict what markets were going to do. he essentially argued that it wasn't worthwhile to think about things in terms of a potential recession or not. his commerce secretary, howard lutnick, said there would not be one. do you think the way that things are headed if this tariff war continues, we could end up in a recession this year? >> we currently don't have a recession, but we do have stagflation. we have a slowdown in economic growth with a rise in the unemployment rate and a rise in inflation. nothing like
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the 1970s. but that is a very different scenario than we've been in, and we're in a different context of where we were in 2018 and 2019. the breadth and depth of these tariffs are much larger. the embers of inflation are still smoldering and could very easily be reignited. a stagflationary scenario would be the hardest for the federal reserve because it would force them to postpone cutting rates, even as the economy gets to very weak growth. >> i want to ask you about a broader perspective. this argument from trump and some of his allies that it is a national security concern, not only an economic concern to bring american manufacturing home. is that the case? don't consumers benefit from a more globalized economy? >> consumers do benefit from a more globalized economy. but yes, there are certain things that are clearly strategically important. and that side of it is one aspect of tariffs we
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should be thinking about. and in fact, the emergency powers that the president has harnessed are usually only used to penalize countries that are considered rogue states to use as sanctions on countries that have done things that we think are not good for the globe, for global geopolitical stability and things we're concerned about on a security basis. so, yes, there's a component of that, but these are being used for so many goals. and to try to achieve things sort of to turn back the hands of time in a way that just isn't possible out there. you're not going to bring back the kinds of jobs that were once dominant in the industrial midwest. i grew up in. those jobs are no longer the same as they were even a few years ago, let alone, let alone five decades ago. and i think that's an important thing to remember as well. and if you bring them back, yes, those few people will get jobs, but at what price? and
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how many fewer people will not be able to work because of the fact that manufacturers can't pass all of those prices on? it actually ends up both stoking inflation and stemming economic growth at the same time. when you talk about the kinds of things they're doing, this is a very odd way to go about industrial policy for the united states, knowing full well that there are people who were unfairly left behind by trade. we need to deal with that issue. there's other ways to deal with it than this way. >> diane swonk, thank you so much for sharing your analysis with us thank you. >> here with us now to talk about the political implications of all of this is marc short, former chief of staff to vice president mike pence. thank you so much for being with us. thanks for having me. and look, we've long known you, especially how president trump feels about tariffs. but this time around, the governor's cap is really off. i wonder if you think this is all playing out as
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he expected it to, as he planned. >> i think probably not for a couple reasons. i don't think for the markets either. i think the markets anticipated that this would be used kind of for negotiation purposes. and i think the first foray into this with canada and mexico and seeing them put, you know, more security troops at the border. and then the president pulling back was exactly what they thought would happen. but now you're seeing the breadth and scope of these where it's not just targeted toward china as it was really during the first trump administration, but you see a broad scale, a number of tariffs that he promises are coming on april 2nd from the eu to aluminum to copper to steel to reciprocity tariffs, which nobody's seen before. and so the breadth and scope of this is much more significant than anything that happened during the first administration. >> so when you hear him saying that there is a period of transition, which is kind of a scary, vague series of words, i will say, because what we're doing is very big. that's how he put it. and he wouldn't rule out a recession. how are you reading
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that? >> i read that as expectation setting. i think that again, i think that you saw markets rally between inauguration and between election day and inauguration because they were expecting to see return of the deregulatory agenda and believing that this would be a better chance for extending the tax relief. having having a republican president, a republican congress, they did not anticipate the breadth of these tariffs. and so i think he's setting expectations that, hey, maybe this is going to take a while, but he's also very responsive to markets. and so i think for some there's a hope that as he continues to watch markets react to his tariff agenda, that that will change where he's headed. >> he's been trying to downplay that. but we know we know in the past how much he watches the markets. so when we see i've been looking at it saying it looks like the elevator scene out of the shining, right? day after day, we see what the markets look like. it's bad. and he sees that. and how motivating is that? >> i think it's i think it's very motivating. i think one of the parts of his first administration was how successful the economy was. and
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to see the markets rally is something he wants. and so i think he believes that that his tariff policy will actually generate growth for the economy long term. but i don't think he wants to endure the short term pain of it. >> so right now we're looking at layoffs up. hiring is slowing. consumer confidence is down, inflation is up. and there's always i think there's always this lag time from the last administration where a president can say, hey, this is kind of a hangover effect. and it hasn't been that long, right, that he's been in office. but at the same time, he's making a lot of moves. and even as he's trying to blame president biden and you hear his supporters do that, is that something that politically stands up? >> i don't think it does. i think the reality, again, is that is that there has been an extraordinary amount of fiscal stimulus ever since covid in the economy. and as you wind that down and you're saying we're going in a new direction, naturally there's going to be some impact to the economy. but again, if you look at the way markets reacted between election day and inauguration, there was an excitement for it. and so i
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think that already turned the corner on that. what you're seeing now is really a reaction to his trade policy. >> so how are you watching friday this shutdown deadline? >> yeah, i think actually the president's done a good job there in pulling republicans onto the position of supporting the cr. i think that it's fascinating that so many republicans have said they would never support a cr, have now fallen in line with the president, and the only chance of us not extending it would be democrats in the senate stopping it, which i think is unlikely as well. so i think actually that potential crisis is going to be averted. and the president, i think, did help avert that. i think what will be interesting to see, though, is down the road, i think it's clear that the current team at omb really believes they have impoundment power, and i think they're setting up a constitutional or should say, at least a judicial challenge there between the legislative branch and executive branch about what sort of power they have to impound funds, because if there's not an appropriations bill that specifically specifies where the money is going, they think they have a lot more authority to impound the dollars. >> and how does that happen when there's a different party in power? >> it's a great question because because i think that for
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those who think it's exciting that this administration will to withhold those funds, suppose there's a democrat administration. now, you've granted this extraordinary power to the executive branch. and and again, for it's important to remember that because the nixon administration impounded funds, congress specifically passed legislation in 1977 to stop that. and so i'm not so sure they have the legal grounds to stand on, but i think they believe a cr helps them make that case. >> all right. we'll see how this continuing resolution works out that way. marc short, great to have you. thank you so much. thanks for having me. just in to cnn. elon musk's ex has been hit by three waves of outages since this morning. the billionaire is blaming it on a cyberattack. according to outage tracking site downdetector, the problems began around 6 a.m. eastern, with over 20,000 users reporting problems. then, a few hours later, that number reportedly doubled before easing somewhat this afternoon. we'll be updating this story as we do learn more. and still to come, a new round of high stakes talks to end russia's war on ukraine. top trump administration
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officials will be meeting separately with russian and ukrainian officials in saudi arabia. plus, air traffic control audio revealing what a pilot said right before crashing into a parking lot in pennsylvania. and then later, immigration agents arrested a palestinian activist linked to the student protests at columbia university. we'll have that and much more coming up on cnn news central. >> twitter breaking the bird sunday at 10:00 on cnn power etrade's award winning trading app makes trading easier with its customizable options chain, easy to use tools and paper trading to help sharpen your skills. >> you can stay on top of the market from wherever you are. e-trade from morgan stanley. power etrade's easy to use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e-trade from morgan stanley.
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>> secretary of state marco rubio is expressing optimism as he arrives in saudi arabia today. he and other top white house officials are meeting with ukrainians tomorrow, working out details for a potential peace deal in the war with russia. today, rubio says he's hopeful for a good meeting. >> last month, it was a disastrous oval office meeting that we all witnessed between president trump and president zelenskyy that ultimately led to a pause in u.s. military aid and also u.s. intelligence sharing. here with us now, cnn contributor and former cnn moscow bureau chief jill dougherty and former spokesperson for the organization for security and cooperation in europe, michael bociurkiw with us now. so, jill, we should note, and you don't have to read too far between the lines here, but going into the talks, rubio is saying the u.s. wants to hear what concessions ukraine may be willing to make. not exactly setting ukraine up in a power position going into
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this. >> well that's true. there's no question. i think so far all of the negotiating that president trump and his administration are doing with russia and ukraine is concessions on the ukrainian side. and really, at this meeting in saudi arabia, you have to say that the critical thing that they have to do, the ukrainians, is to turn around the relationship with the u.s. that's critical because those steps that the trump administration has taken are halting military aid, halting intelligence sharing. those are already having an effect, reportedly, on the battlefield. and detrimental to ukraine, especially in that part of russia called kursk, where the ukrainians took territory, have held it for months, and now they're losing territory there. they're backtracking. so this is
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having an effect. so timing is critical. and concessions, i think they're just going to have to make whatever concessions they can in the hope that president trump will restore that, that help. >> michael, what do those concessions look like? >> well, not very good for ukraine. you know, i actually think we're coming to a point in the not too distant future where the united states may be running out of rope as a useful interlocutor for ukraine, because on the one hand, they're giving russia a lot of concessions. and on the other hand, they're trying to extract out of ukraine a heck of a lot. let's see if that minerals deal is signed, but also withholding the military aid, the intelligence before that, the usaid aid. it's very, very painful for ukraine. and the way it looks like tomorrow and the day after is mr. rubio and his team may even put forth some russian demands for ukraine,
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which could be very, very difficult. territorial concessions. it could, i believe the russians are really pressing the u.s. to get the remainder of unoccupied zaporizhzhia and kherson oblast, and that is a red line which president zelenskyy could never agree to. >> so at this point, it's unclear if russia is going to be a part of these talks. and after the white house announced meetings, a russian official said they would not be involved. do you think russia actually wants a peaceful resolution to or are they simply trying to get some kind of temporary ceasefire to restart putin's goal of obtaining all of ukraine? >> you know, on these discussions in saudi arabia, i think it's the united states and ukraine, russia, as far as i know, is not going to participate because it's premature. i mean, right now, president putin will sit there and wait as the trump
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administration tries to maneuver and pressure the ukrainians to make these concessions. but they're not. the russians are not ready to come to the table, per se. i mean, there's no need for them to do it. i think everything is moving in their direction. and i would add one thing to what michael just said. another really important thing to watch is for zelenskyy himself. i mean, it's not only the survival of ukraine, it's the political survival of zelenskyy himself, because it's very clear the administration and the american administration already has talked about possibly, you know, removing zelenskyy or having new elections that might remove zelenskyy as president. the russians would love that. that is what they want to do. that's what they call de-nazification, even though the president is jewish. but that that's i think, you know, there are two dramas,
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ukraine and zelenskyy himself. >> michael, i wonder what you think the mineral deal might ultimately wind up looking like as a result of these talks? is it likely it's going to come out of this conversation the the mr. rubio was tamping down expectations on the flight over that it would be signed. >> and by the way, i wanted to make clear the russians will not be in saudi arabia, but of course, they do have back-channels going on. the problem there are many, many problems with that mineral deal, one of them being it is written in such a way where it almost turns ukraine into the west papua new guinea is to china, in other words, an economic colony of the united states. number two, it's very flawed because the idea is for mr. trump to push american contractors to ukraine, use them almost as a human shield, and that that doesn't work very well. and thirdly, and the most important
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point, of course, is that the security guarantees just aren't there. it isn't in a state right now where it can be sold back to the ukrainian people. and just quickly, if i may, on mr. zelenskyy i think he also has to make some moves now, not later, because he is pressing the eu for quicker ascension into that bloc. he tweeted that the other day, so i think it would benefit him if he moved ahead on the anti-corruption stuff. that was very much suspended at the start of the war, but also things like leaving political, major political opponents alone, not banning them from leaving the country. and then the third one, of course, important to all of us is hands off the media. let them try to survive and thrive and get part of those reconstruction funds, because that's what business people need to invest in ukraine in the long term as well. a free and vibrant media sector. >> yeah, very, very interesting point there, jill. as we look at this moment in big picture, what
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it means and how the u.s. is approaching it, what does the u.s. need to be thinking so that this doesn't go down in history, as the u.s. negotiating ukraine surrender rather than negotiating a peace deal? >> well, that's a big question. but i think, you know, if you put yourself in the place of president trump, i mean, i think the way he's looking at this is ukraine is a separate deal. you know, ukraine is this country or maybe even, you know, vladimir putin does not consider it a country. but we'll leave that alone. but i think, you know, the focus that president trump has is on the future of restoring the relationship with russia. and so if you look at it, big picture that gives russia a lot of power. and the power that it wants is to continue to control the area around russia. you know, like the former soviet union,
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including, you know, ukraine, moldova, romania, that whole belt going around the former around russia itself. and if that's the case, then i think the united states has to look at this in terms of what could happen next. what if putin decides that that belt isn't wide enough? what if the belt has to go out to poland? what if it has to go to the baltics? will american troops, you know, have to go back into europe to fight? there are all sorts of implications, not to mention this is another subject, but china, you know, if the idea is, let's pull russia closer so that we can kind of, you know, have them on our side against china. that's that's kind of sophisticated chess that may not work because russia and china at this point are allies. and so this is the implications of ukraine, even though it's one, you know, country in the middle of europe are huge and it's
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going to have effect all over the world. >> yeah, such a good point there, jill. thank you so much. michael bociurkiw as well. we appreciate you. an investigation underway after a small plane with five people on board crashed near a retirement community in pennsylvania. we'll have details ahead. >> in the 90s, enron brought us the ultimate visionary, jeffrey skilling. >> enron cooked its books, overpaid its executives. the whole company went down the tube. >> united states of scandal with jake tapper sunday at 9:00 on cnn. >> when winter season hits, emergency supports your immune system with so much more than vitamin c, be ready to fight back with emergency and for on the go immune support. try emergency crystals. no water needed. >> can a personal loan unlock your ambitions? oh yeah. take a swing at your kitchen rental meant that literally. sofi
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that is alarming. free speech advocates. and president trump just posted that it will be, quote, the first of many to come. it involves the looming deportation of not an undocumented immigrant, but a legal resident who was protesting the war in gaza. his name is mahmoud khalil. he's a well-known activist who helped lead last year's demonstrations at columbia university, from where he recently graduated. i.c.e. arrested khalil over the weekend, and his attorney says the officer cited a state department order and said they would revoke his green card. in a social media post, homeland security officials accused khalil of leading, quote, activities aligned to hamas. cnn's gloria pazmino is following this case. gloria, what more is the president saying about why he was arrested? well, so. >> far, brianna, from. >> the information we have gathered, it looks like this is one of the first actions that the trump administration is taking after the president promised to deport international students who had participated in
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many of the protests against the israel-gaza war last year. as you know, many of those protests took place here in new york city. columbia became sort of the epicenter of the activity, along with several other campuses across the nation. the president just took to trump's social just a short while ago and said, in part, that ice proudly apprehended and detained mahmoud khalil, a radical foreign pro-hamas student on the campus of columbia university. and as you said, he mentions that this is the first arrest of many to come. and that is what's so concerning to advocates, not just here in new york, but across the country regarding freedom of speech and first amendment rights. now we know that khalil was arrested on saturday evening. his wife, who happens to be eight months pregnant and is a u.s. citizen, was there when it happened. she said that officers said that they were there to revoke his student visa. when they informed them that he is a green card holder, they said that they
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would be revoking that as well. now, his attorney has told us that it is unclear at this time where khalil is being held in custody. he was initially taken to elizabeth, new jersey, when his wife tried to contact him there. she was told that he was no longer in that facility. and as you said, the department of homeland security saying that khalil had been associated with pro-hamas activities. now, according to one of our sources, who we have been talking to in this after this arrest, we are being told that it is possible that the administration is using a provision of the immigration law that gives it broad authority on who can be subject to deportation. that's according to a homeland security official. and now it should be said, just because you are a green card holder does not mean that you cannot be arrested. you certainly can be, and you can be subject to deportation. the
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question here is what is this activist being charged with? and is he going to see any sort of due process? is he going to go before a judge in order to argue his case? that part is still not yet clear, but we are following up on it, and we are going to bring you the latest on the case, brianna. >> and just to be clear, where is he or do we know where he is? >> so he was initially taken to a detention facility in elizabeth, new jersey. but then when his wife went there to visit him, she was told that he was no longer there. his attorney has told us that it is not yet clear where he was transferred. some of the advocates who have been following this have said that it is possible that he was moved to another detention facility far from new york, something that they say has been happening frequently to other people that have been recently detained by ice. >> all right, gloria pazmino, thank you so much for that. we will be speaking with the executive director of the new york civil liberties union here
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in the next hour about this case. boris. >> meantime, the department of homeland security just repurposed an app used by migrants seeking asylum in the united states into a new app that will allow undocumented migrants to report their intent to self-deport. the app was previously used to schedule a port of entry appointments. let's get more on this from cnn's priscilla alvarez. priscilla, how does this app work? >> well, this really puts the onus on immigrants to say that they plan to leave the united states to self-deport. that is something that trump officials often talk about. now, it's an app interface. like anything else that you might come across, and it gives you the selection of self-deporting, which then prompts you to submit your information and your photos. now i say all of that, and there will be some hesitancy among immigrants to provide their information to the federal government. there are others who may be willing to self-deport given the state of what is happening in the united states insofar as it relates to immigration. but this is an app, boris, that the administration
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had its eyes on from the very beginning. republicans have been targeting it under the biden administration. again, it was used to stem the flow of migration, to give migrants a way to come to the united states legally so they wouldn't cross the border illegally, biden officials said at the time. it was very successful. republicans have criticized it for months and years. and so even in the minutes after president donald trump took office, this was an app that was shut down and left many people waiting for appointments. that would never happen. and this is a repurposing of that. so it is an extraordinary shift in the way that this app was used initially to what it is used. now you see it there. now in a statement, the secretary of homeland security said the following. the cbp home app gives aliens the option to leave now and self-deport, so they may still have the opportunity to return legally in the future and live the american dream. if they don't, we will find them. we will deport them, and they will never return. i just want to note here return legally in the future. it is true that if you do cross the border illegally and then leave, you have to leave for a span of years before
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returning. so this is all really part of this multi-million dollar campaign to have people leave or otherwise face the threat of deportation. >> priscilla alvarez, thank you so much for that update. right now, a quick look at the big board. a really rough start to the week on wall street. the dow nearly 935 940. it just keeps going down. investors spooked by the trade war and less than reassuring comments from the president and his administration about the threat of a recession. we're keeping a close eye on the. before this. these numbers before the closing bell. in about 60 minutes. we'll be right back. stay with us. >> have i got news for you is back. let's think of some new games to play. what do you got? yes. >> something like. >> a. >> what if. it's keep playing the same games. let's do the same games. >> have i got news for you saturday at nine on cnn. >> hi. >> glad everyone's here. >> let's get started. >> when they want to squeeze. >> up, let me share my screen.
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>> parking lot and bursting. >> into flames. now. >> the pilot of this plane radioed the control tower that he had a door pop open. and i want you to listen now to the air traffic control audio from liveatc.net. >> lancaster tower. >> bonanza three four, seven. mike has an open door. we need to return for landing. >> and three. four, seven. mike. roger. >> you want to make. >> it to three 1 or 2. six. >> tower i cannot hear you with the wind. so we're going to return to two six. we're going to do downwind. >> and three, four seven. mike. roger. runway two six cleared to land. >> 26347. mike. >> you can hear some of the wind noise there on the radio as the pilot tries to deal with this open door. a bonanza like this one has two doors a door on the right side of the cockpit. also a larger door in the back for passengers. not clear which door the pilot was referring to. here. a door opening in flight, often cited as a cause for
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crashes in small airplanes, or a factor at least, although it's usually not very dramatic, like what you might see in the movies really creates a lot of noise, and often first becomes apparent just after takeoff. so the key here is to not get too startled or distracted and come back around and land. five people on board this plane. the latest is three were taken to a burn unit at the lehigh valley hospital. the remaining two were just learning. brianna were taken to the lancaster general hospital and they have now been released from there. >> let's hope that they are doing well. pete, thank you so much. really appreciate it. we are learning more about the white house's plans for the veterans affairs department. veterans affairs department, i should say as many as 80,000 employees could be laid off there. brian todd has some new details about how the va could carry that out. we'll have that next. >> maybe if. >> he hadn't been such a, he would have gotten away with it.
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one 800 712 3800. now for your free legal consultation. again, that's one 800 712 3800. >> i'm hanako montgomery in tokyo and this is cnn. >> breaking news into cnn. we've just learned how the department of veterans affairs plans to carry out imminent mass layoffs at the agency. this after va secretary doug collins confirmed today that roughly 80,000 jobs will be cut as part of the trump administration's cost cutting efforts. >> cnn's brian todd is with us now on this. okay, so how will they determine who they're going to cut? who's going to make the decision ultimately? >> well, guys, we got an internal memo from the va dated last thursday, march 6th, which lays out some of the details for this. according to this memo, the department heads and hr people at va are conducting the sweeping review as we speak. it's going to last until about april 13th, when they have to submit an internal report, and then it's going to be published in june. so in june is when many of the va employees are going to know whether they're going to be
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cut, who else might be cut. so it's all going to probably come at once. what we've also learned from this memo is that people who are in so-called non-competing jobs, trainees, people who have been rehired by the agency as retirees, are going to have to have their jobs justified in order to keep their jobs. so that is some of the detail that we're learning from this. i think we heard the secretary of veterans affairs, doug collins, on fox today kind of confirming the number, which is pretty staggering. he was asked whether they're going to cut 80,000, as we and others have been reporting. he said, yes, that's the target. but he that would be very deliberative and that they have not decided yet who would be cut. but you're getting some detail now on kind of how they're going to go about this. we also have been talking to congressional staffers who tell us that based on their analysis and people they talked to at va, that some people with what they call competitive jobs, they're going to look at making those jobs, turning them into noncompetitive jobs so that they might be able to justify firing some of these people. we have reached out to the va for comment. we should say, have not heard back yet.
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>> when you say people who have retired and have been rehired, do you mean from the federal workforce, or do you mean people who are veterans and are collecting retirement pay as veterans and have been rehired. >> from the reading of this? it says it's a phrase called annuitants or annuitants. yes. so i'm taking that to mean probably people who are employees. not necessarily all of them veterans, but there could be some veterans in there for for all we know. >> i know there's a big concern among veterans who do collect retirement pay that that may include them as well. >> and it's going to be. look, it's 80,000 out of a out of an agency that employs a little bit more than 470,000 people. it's a sweeping cut. they're not denying that. that's the that's the number that they're targeting. so there you go. >> all right brian todd, thank you so much. really interesting news there. today might not be the day to look at your 401(k). here is the dow. one day after president trump refused to rule out a possible recession, will this give the white house pause?
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