Skip to main content

tv   Laura Coates Live  CNN  March 10, 2025 8:00pm-9:00pm PDT

8:00 pm
clients, customers and your team for imprint comm has items certain to wow. >> imprint for certain.
8:01 pm
you may have. call now and we'll come to you. >> 808 two one 4000. >> well, tonight, americans wince at their 401(k)'s as wall street fears trump won't blink and might be staring down a recession. plus, a judge throws a wrench in trump's plans to deport a palestinian activist who organized student protests. is the president who claims he brought back free speech? going against free speech? and the frantic search along the beaches of a caribbean resort town after a university of pittsburgh student vanishes during spring break. all tonight on laura coates live. so you know that expression. was it? no pain, no gain? well, it seems the trump administration wants to apply that phrase to the economy.
8:02 pm
here's the problem. the pain hurts, and economists are increasingly worried the gain ain't going to happen. just look at the dow. today it plunged nearly 900 points, down more than 2%, the biggest drop since president trump actually took office. and for the tech heavy nasdaq, it was the worst fall since september 2022. the major networks even broke into regular programing to give an update on the selloff. >> we're interrupting your regular programing because of a massive sell off on wall street, tied to growing fears of a recession. >> breaking news from wall street. right now. the markets just closed, clocking in their worst day of the year. >> yes, you heard that correctly. growing fears of a recession. why? well, because trump refused to rule out one. in an interview released just over the weekend. >> are you expecting a recession this year?
8:03 pm
>> i hate to predict things like that. there is a period of transition because what we're doing is very big. we're bringing wealth back to america. >> now, he was asked about it again shortly after. and you know what? he doubled down. >> are you worried about a recession? maria bartiromo asked you, and you kind of hesitated. >> i'll tell you what. of course you hesitate. who knows? all i know is this. we're going to take in hundreds of billions of dollars in tariffs. >> who knows? not exactly what you want to hear. if you're hoping for stability. right now, the economy and the markets, they actually thrive on predictability. and nothing about the last week has been, well, predictable. you got on and off again tariffs. you got vague comments about being in a transition, even a lack of clarity about the end goal. is it about stopping fentanyl coming across the borders, curbing legal immigration,
8:04 pm
forcing manufacturers to come back to the usa? something else? who knows. president trump made no public appearance today, so no one got to ask him about the economy or that market freefall. but if the pain gets worse and prices go up, he will have to answer to main street. because remember, the president promised an economic boom during his campaign. he didn't say anything about pain and suffering to get there. and now the alarm bells are ringing, including from former treasury secretary larry summers. remember, he is the same economist who warned president biden about inflation when his administration was saying it would be a temporary pain. >> on january 1st. no one thought that a recession was a substantial likelihood, and today market prices and consensus opinions of economists suggest a very real risk of recession.
8:05 pm
>> joining me now, white house economics and economic policy reporter for the wall street journal, brian schwartz and cnn political commentators ashley allison and shermichael singleton. i'll begin with who had me tongue tied at the beginning. maybe i'm thinking about what's going on in this market. so president trump's recession talk sent the markets plunging, as you all saw, the s&p 500 down 2.7% today. your paper, the wall street journal, the home page says wall street fears trump will wreck the soft landing. so the question everyone is asking is, is the economy really in danger of a recession? >> well, it's a question of the uncertainty to your point. i mean, this is this is a big problem. and you know what the republicans have noticed? some of them, at least, i've seen on the hill, talk about wall street like it represents, you know, like wealthy people. that's not really true. okay. we're talking about pensions here, where the stock market drops by the amount that it did today. that impacts pensions. it impacts 401 s. and you know i'll say this too, when larry summers talks about things like a potential recession, people really should
8:06 pm
listen. i mean, because he was talking about similar issues, at least with the inflation side under biden. so and he wasn't entirely wrong about that either. so i think that's something that republicans really are going to have to keep an eye on with the stock markets. i know, you know, when the stock market's up, politicians, democrats, republicans love to cheer that on. and when the stock market comes down, sometimes both parties don't always want to talk about that as an indicator, but sometimes it can be an indicator of things to come. >> some have talked about this as kind of a negotiating tactic. the tariffs are not it's not only the president who cried terrorists, but more of a negotiation. but what happens if the markets don't trust him or this continues? what then? >> well, it's again, it's this mixed messaging coming out of the white house that's kind of important here with this story. i mean, so the president doesn't rule out a recession, then? howard lutnick i read says there won't be a recession. and then and then he goes back to the tariff point that you made, right? first where they're going all in with the tariffs, 25% on mexico and canada on the goods coming from those countries. now, it's not going to be all the tariffs. it's going to be exempt for now, at least in the next month or so on goods from
8:07 pm
those countries that are tied to the usmca. right. so it's this kind of, you know, jump ball all the time, the kind of scattershot econ policy that we're seeing from the white house that causes the uncertainty that leads to days like this and, and potentially problems to come in the markets. >> so, michael, what do you think the president is doing? what is the strategy here. because obviously the volatility of the markets short term, long term problematic. what is the strategy. >> i mean, i think he's clearly trying to figure out what's the best way to get countries like mexico and canada to the drawing board for what he would argue is a more equal trade balance. i think he would argue that he's trying to get some manufacturing jobs to come back to the country. i'm not necessarily opposed to any of those things. and i would say, you know, during dips, this is an opportunity to buy. it's called buying. during the dip, stock markets go down. if you have that disposable income you should buy, you have the option to look at alternative currencies such as crypto meme coins, et cetera. i know for me personally, i'm not looking at
8:08 pm
this as a net negative. i know a lot of wealth managers out there who are looking at opportunities for the portfolios that they balance to benefit their clients, including people who have 401(k)'s. so i think it depends on the vantage point you're looking at. but overall, i think we're going to be fine. we talked about we might be in a recession last year. it never really occurred. these things happen. you have to reset. i think the president is going to ultimately attempt to do that and do everything he can to avoid a potential recession. >> you know, when i hear things like wealth managers or disposable income and crypto, i don't see i don't think personally about the everyday person. i know there's 401 cs and there's pensions and besides and you know, i know there is a sector of the of the economy and population who can look at those things. but there's a whole hell of a lot of people who can't afford to have these dips, who are riding and dying along it, or don't even can't even access this market. >> yeah. let's take it back to november 4th. that was the day before the election. and republicans we know.
8:09 pm
>> thank you. thank you ashley, in. >> case you forgot, republicans sat on these panels and told us how out of touch democrats were with working class people. i'm not saying that's wrong, but what i am saying is that you can't say on november 1st or november 4th that prices are too high and now they're higher, that the stock market is dipping, which means pensions or and retirements are in struggle. and then talk about disposable income. people didn't have disposable income on november 4th, and they sure as hell don't have it right now. and so what the republicans should really be thinking about is those working class votes, folks that thought donald trump was going to give them a pathway to wealth. he talks about bringing wealth. wealth for who? most people are just trying to get out of poverty to the middle class or middle class and stabilize. when talk about billionaires, there's nothing wrong with being a billionaire. if i could be a billionaire, i would be one, too. but it's what billionaires do. like elon musk. it's the oligarchs that folks are saying that exploit poor people and think you can just have disposable income on a bad day. well.
8:10 pm
>> your point was larger. >> but i wonder, though, we had four years of the biden-harris administration where the deficit went up, debt went up, the cost of living went up, the cost of groceries went up, groceries went up, the cost of childcare went up. every single sector you could look at that. you could measure economically, went up. it's not as if donald trump was handed this amazing, incredible economy that he's now all of a sudden destroying. we republicans are going to have to fix what democrats completely destroyed over four years. so i don't think you can blame republicans for what we're seeing. >> no, i don't think that the economy was destabilized as you paint it. what i will say, though, is that the economy is not getting better. it's not even staying the same. it is the things that were promised to us are not. they are changing and they're changing for the worse. and then on top of it, you have a budget bill that is coming up that would make it harder for people in red states and blue states around medicaid, around medicare, around social security, those social safety net programs that really do
8:11 pm
stabilize the middle class. and i hear you that people felt like we got it wrong. democrats got it wrong. but y'all aren't getting it right right now either. >> it's been one month. dips happen. day one. it's been one month. dips happen all the time. i'm not trying to ignore the reality of working class people, but i think as it pertains to understanding the economy, understanding stock markets, anybody who invests in this stuff will tell you this occasionally occurs. i'm not freaking out about this. and again, the people who manage these portfolios that you mentioned aren't necessarily freaking out about it either. >> let's say that, you know, when you look at, again, we look at these ideas of stocks and bonds. you have to look at it from a historical trend as well. one of the stocks that stood out to me, that really did struggle today was tesla. yeah, that's important for the relation for a lot of reasons, of course, because elon musk is working with donald trump. and you look back over the years, i mean, i know, you know, the tesla stock now is like over $200 a share. but at one point it was like 30, $35 a share. this was a a stock that people from the middle class could really buy into. and if they're holding on to it now and it's down, i think, you know, double digits percentage
8:12 pm
wise over the course of the month, they're getting hurt on this at the moment as well. so that's something to keep an eye on as we go forward. >> on the short sellers, most of them who lean politically to the left. i own tesla stock, so i'm just. >> being honest. month, month to month. >> well, the math ain't math. and for the everyday person took in the price of eggs. thank you everyone. i want to bring in former democratic congressman from my home state of minnesota, dean phillips. he's also the former owner of talenti gelato and phillips vodka. congressman, i'm glad you're here, especially from the perspective of a former business owner as well. i think it's really important to orient that that moment, because the former treasury secretary, larry summers, saying today that there is a real possibility of a recession. do you agree with that? or is this overblown? >> oh, i absolutely agree with it. and not only a recession, but in no small part likely inspired by our very president who had heretofore been
8:13 pm
promising americans a booming economy and a growing stock market and lower prices. and we're seeing actually just the opposite. in fact, his tariff policy has the potential to literally not just put the united states economy in a tailspin, but the global economy. and we're already seeing some of the repercussions and tariffs now being placed on products coming out of america. and of course, in my old business, even distilled spirits canada, at least i think the province of ontario literally removing american made wines and spirits from its shelves. it's bad policy. it's not good for our relations with allies. and if anything, i think it's emboldening our adversaries all while we're putting so many millions of americans at economic risk. it's it's actually shameful. >> but congressman and president trump, i mean, surely he had to know that declining to say, rule out a recession would be a gut punch to businesses. so any idea what the method to this madness is?
8:14 pm
>> no, i don't think there is a method. and that's probably the most disconcerting part of this administration so far. i celebrate a lot of their objectives. i think government does need to be reined in. i think we need to become more efficient, more effective, use our dollars more wisely, use innovations and attract the best and brightest to washington. but when you do so without any transparency or any plan, it's going to be problematic. that's what we're seeing with doge. same with economic policy. you know, it is not in anyone's best interest to have a president who's making decisions on whims and on his own accord, rather than listening to the foremost advisers, both on the right and the left, that he should be listening to. so i'm afraid that is the problem right there, laura. there is no real strategy. it's just a man who's used to being provocative and getting his way. and i just don't know that that will be a good strategy for success in this day and age, considering the risks and the consequences. >> he's also a man who would like to be synonymous with the art of a deal or a negotiation, and be given the benefit of the
8:15 pm
doubt that there is some methodical plan in the end. but we're seeing some back and forth between his approach to tariffs. do you think he will back off of these tariffs again? >> well, you know in my estimation laura. tariffs are best used as threats levers as threats. not when they're implemented. when they're implemented it's too late. and i'm afraid that we miss the boat relative to using them to our advantage. now people are going to call our bluff. i think that's a really weak strategy long term. that's exactly how this president operates. >> i do wonder if those who might have those tariffs imposed do view it as the president who called wolf and tariffs. but we'll see how they actually view at the table. i want to circle back though to business owners. what about businesses. what does this instability due to them. is there any advice that you would give to business owners who are trying to navigate this back and forth? and frankly, uncertainty? >> yeah. in fact, well, you just
8:16 pm
used the operative word, laura. it's certainty. businesses plan and make their plans and their budgeting and their allocations based on certainty. they do not operate well in uncertainty and ambiguity. and that's exactly what this administration is presenting. my advice to business owners is work with your local chamber of commerce, with the national chamber chamber of commerce, to ensure that your voices are being heard and the right people in washington are listening. because this is not about democrats or republicans. this is about our entire economy. and i'm afraid this president doesn't quite understand how much is at risk when companies fail to make investments because of uncertainty and the uncertainty that's being generated right now is so massive that i would imagine a lot of companies are going to be pulling back withholding from hiring and not making any meaningful investment decisions until they know which way this president, this administration and this economy is going. so it's going to be complicated for quite a while, and i think it's time for business owners
8:17 pm
to speak up, even at the risk of being canceled or being criticized. >> i mean, what about like, the democrats? i mean, obviously, i'd like to see democrats or republicans. what should they be doing? >> well, democrats in congress, i'm saddened to see what's been transpiring, what seems to be no strategy, a rudderless party by most measures. and we used to be the party of ideas. and i'm not hearing any ideas. if you don't like what doge is doing relative to government waste or efficiency, then offer an alternative. >> is it easier said than done at this point? >> no. well, first of all, i don't believe there is a strategy that's won. if there had been. yeah, it's hard to be in the minority. nobody wants to be in a legislative minority. but holding up signs and being thrown out of the house chamber during a presidential remark and complaining isn't going to do anything. my message, as i've shared so many times in the last couple of months, is it's not a matter of agreeing with them, but at least take some steps. steps to be at the table. join
8:18 pm
the effort to improve the immigration system. join the effort to improve government efficiency. join the effort to ensure that our economic policies lift all the boats in this country. but if you're only going to complain, you're not participating in problem solving or change. so my advice is actually sit at the table and stop the complaining and start the participating. that's the only way in a country like ours we can succeed. >> former congressman dean phillips, thank you for joining us tonight. >> anytime, laura. thank you. >> up next, a major fight over free speech. a palestinian activist here with a green card now faces trump's deportation machine for his role in protests against israel. a judge stepping in and saying, not so fast. but can trump still get his way? that's next. and later, how much longer does elon musk plan on hanging around doge? well, tonight, a hint at the answer that might be giving his tesla investors some real heartburn.
8:19 pm
>> is your asthma rescue a dinosaur? air supra is the only asthma rescue inhaler fda approved to treat symptoms and help prevent asthma attacks. air supra should not be used as a maintenance treatment for asthma. get medical help right away if your breathing doesn't improve or worsens, or for serious allergic reactions like rash, mouth or tongue swelling, trouble breathing or swallowing, or chest pain. using air super more than prescribed could be life threatening. serious side effects include increased risk of thrush or infections, or heart problems like faster heart rate and higher blood pressure. ask your doctor if air supra is right for you. >> nice going lou. nothing like a little confidence boost to help ease you back into the dating scene. of course, that also includes having a smile you feel good about. fortunately, aspen dental specializes in dentures and implants made just for you with affordable options and flexible ways to pay. and now they're $0 down plus zero interest if paid in full in 18 months. helping our patients put their best smile forward. it's one more way aspen dental is in
8:20 pm
your corner. >> dry eyes still feel gritty, rough or tired. with my bow, eyes can feel. >> i 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. i redness and blurred vision may occur. >> my bow. oh, yeah. >> ask your doctor about prescription. my bow. >> my eyes. they're dry. uncomfortable looking for extra hydration. now there's blink nutri tears. it works differently than drops. blink. nutri tears is a once daily supplement clinically proven to hydrate from within, helping your eyes produce more of their own tears to promote lasting, continuous relief. you'll feel day after day. try blink nutri tears a different way to support
8:21 pm
dry eyes. >> blink neutral tears. >> when our numbers guy frank goes on vacation, the deals on the most affordable german engineered car brand in america get even better. >> you coming back? >> hop in during volkswagen diesel days. the deals are in while frank is out. get up to a $2,500 customer bonus on select new 2025 models during volkswagen beetle days. >> an msc cruise isn't just a vacation, it's a holiday full of european style. >> and all the things americans love to come on bloom. >> there are a ton of football matches. >> games, football games. are you ready for some adrenaline? >> i was born ready. how high is that? >> so high. >> privacy. >> privacy. >> gelato. >> froyo. >> architecture. >> archi
8:22 pm
watch golf from the best seat in the house with xfinity. from the tee to the green, catch every pivotal moment of the players championship in crystal clear enhanced 4k. find tee times, tour your favorite holes and see live leaderboards and scorecards. and with xfinity multiview, never miss a moment. watch up to 4 live events at once. brought to you by comcast business, proud partner of the players. just say “the players championship” into your xfinity voice remote. switch sold for less than $20. go to deal dash .com and see how
8:23 pm
much you can save. >> united states of scandal with jake tapper sunday at nine on cnn. >> promises made, promises kept. president trump touts that slogan when he checks off a campaign pledge. but one promise could land the white house in a constitutional battle over free speech. the administration they want to deport columbia university graduate and palestinian activist mahmoud khalil. he was front and center at columbia during the protests against israel's war in gaza. but federal immigration agents arrested him over the weekend. now, a judge temporarily blocked khalil deportation until a hearing happens on wednesday. khalil is not a citizen, but a green card holder. and on the campaign trail, trump made it clear that he and what he would do to non-citizen students who took part in protests over gaza. >> when i'm president, we will not allow our colleges to be taken over by violent radicals. and if you come here from
8:24 pm
another country and try to bring jihadism or anti-americanism or anti-semitism to our campuses, we will immediately deport you. you'll be out of that school. >> well, trump is trying to make good on his promise. he signed an executive order that would use, quote, all available and appropriate legal tools to prosecute, remove or otherwise hold to account. protesters deemed anti-semitic. and today, on truth social, trump said khalil arrest is, quote, the first arrest of many to come, adding we expect every one of america's colleges and universities to comply. joining me now, cnn legal analyst elliot williams and senior legal affairs reporter for politico, josh gerstein. glad to have both of you here tonight. hearing this news. josh, so far, the government hasn't actually formally announced any charges. so what could he face? >> well, right now he's just in immigration court. they did very quickly move him from new york, it looks like, to new jersey and
8:25 pm
then to louisiana, which is not the kind of place you would expect someone arrested on an immigration charge to be within a matter of 24 hours. immigration cases tend to take months, if not years, to resolve. so for someone to just be abruptly moved from the northeast to louisiana has to be done by plane to do it that fast. it's just a very, very unusual thing to have happen. and in fact, kailey leinz lawyers now are arguing that this was a form of retaliation for his speech, that his his first amendment rights are basically being violated in this very, very strange way that he was targeted. >> what do you say about the first amendment aspect of this? of course. and also, i mean, you've worked at i.c.e. before, and so the process of deportation is this standing out to you? >> it is standing out for a number of reasons. and the most important language in the statement from the president was appropriate legal tools. we will use the appropriate legal tools because it's not clear that they have them in this case, for a couple of different reasons.
8:26 pm
now, certainly, someone could be barred from entering the united states in the first place if they engage in terrorism or a member of a terrorist organization endorse or espouse terrorism. right. we can all agree on that. and we should. we don't want those folks in the country. it gets a little more complicated when, number one, someone is a lawful permanent resident of the country. and number two is engaging in what might be protected free speech activity. you know, you're allowed, sadly, to be an anti-semite. you're allowed to say hurtful things to other people. you're even allowed to endorse organizations overseas that are adverse to the to the interests of the united states. it just depends on what you're saying and how you're saying it. and so, you know, i don't say any of this to endorse or condone the kinds of statements that this individual is alleged to have made. but the simple fact is, everybody, including people who are unlawfully present in the united states, have free speech rights. and this is running up against our immigration laws right here. >> i mean, this sounds like obviously there's a lot of subjectivity. it sounds like in the vagueness of the umbrella of
8:27 pm
endorsement of speech, of what would constitute an illegal protest. do we have any insight from the administration or through i.s.i.s. to what are the what's the criteria being met here? >> well, not really, because i think what we've seen from the administration so far is mixed messages. if you look at the statements put out on social media, it seemed like trump wasn't going so far as to say that he thought this person had committed a crime. but then you had tom putting out statements saying all kinds of crimes were committed. i mean, if crimes were committed, there's another route. you could have gone here, which is just charge them with the federal charge of material support of terrorism. if you think you have the goods on that and put them in the criminal justice system. but clearly the administration didn't want to do it that way. they wanted to somehow take advantage of the fact that he's not a u.s. citizen. and it does make you wonder if they fully understood that he was here on a green card. or maybe they thought he was just here on a student visa. it's hard to believe that something of this magnitude could happen without them being entirely clear. but, you know,
8:28 pm
his lawyers say that his wife indicated that the officials that came to arrest him, the officers thought he was on a student visa and said it had been canceled by the state department. then when they said that there was a green card, they said the state department canceled that, which is odd because the state department doesn't issue green cards and they can't cancel green cards. so it's very murky whether the whole basis for this arrest was really well thought out at the beginning. >> what is the judge doing now? >> well, the judge right now is having a hearing on all of these complicated questions. there's another wrinkle because the marco rubio had tweeted, you know, the point that if there are reasonable grounds to believe that someone presents potentially serious adverse national security risks to the united states, they can be removed from the country. they're just complicated and fuzzy standards. and when you don't have, as josh had said, someone who's not charged with a crime or has not at least on the record so far, materially provided support to a terrorist organization, it just gets fuzzier and it's just not clear exactly how to how to proceed.
8:29 pm
>> wednesday is the next hearing. thank you gentlemen. elliot williams, josh gerstein you know how a ci can sometimes tell you more than words could? listen to this. >> yeah. i mean. >> up next, the very painful yet simple question that led to that answer as musk faces another terrible day for not one, but two of his companies. >> welcome back. >> have i got news for you? news saturday on cnn. >> join the more than 7 million adults like michael who've taken the ozempic. >> as touring musicians. my type two diabetes could have slowed us down, but i didn't let it. i'm michael from the war and treaty, and this is what my ozempic era looks like. i'm lowering my a-1c and lost some weight too. i also learned some people take ozempic to lower the risk of major cardiovascular
8:30 pm
events like stroke, heart attack, or death, and others take it to lower the risk of worsening chronic kidney disease. >> don't share needles or pens or reuse needles. don't take. if you or your family had mtc, me and two or if allergic to it. stop taking and get medical help right away. if you get a lump or swelling in your neck, or any of these allergic reactions tell your provider if you plan to have surgery or a procedure, are nursing pregnant or plan to be. serious side effects may include inflamed pancreas, gallbladder, or severe stomach problems or changes in vision. call your prescriber if you have any of these symptoms. taking with a sulfonylurea or insulin may raise low blood sugar risk. common side effects include nausea, vomiting, diarrhea, stomach pain, constipation. some side effects lead to dehydration, which may worsen kidney problems. discover the glp-1 with the most fda approved uses. >> ozempic ozempic between molly leaving and mom's osteoporosis, i thought life was going to slow down. >> boy was i wrong. if you have
8:31 pm
postmenopausal osteoporosis and are at high risk for fracture, evenity can help you rapidly build new bone in just 12 months. evenity is the only bone builder that also helps slow bone loss, and it's proven to significantly reduce spine fracture risk, she said. the evenity she's taking builds new bone builds new bone. so yeah, we still bike, babysit and brunch with the ladies. evenity can increase risk of heart attack, stroke or death from a heart problem. tell your doctor if you have had a heart attack or stroke. do not take evenity if you have low blood calcium or are allergic to it. as serious events have occurred with evenity. signs include rash, hives, swelling of the face or throat, which may cause difficulty in swallowing or breathing, muscle spasms or cramps, numbness or tingling. tell your doctor about severe jawbone problems as they have been reported with evenity report. hip, groin or thigh pain unusual thighbone fractures have occurred with evenity. ask your doctor about building new bone with evenity. >> gonna break my stride. nobody gonna slow me down.
8:32 pm
>> years of hard work. >> i've got to decades of dedication. >> committed to giving back. you've been there, done that. and you're still here for more. so now that you're 50 or older and at increased risk for pneumococcal pneumonia and ipd, be proactive with kpax-tv, a vaccine specifically designed for adults to help protect against pneumonia and invasive disease caused by certain types of pneumococcal bacteria. kpax-tv is the only vaccine that helps protect against the strains that cause 84% of ipd in adults 50 or older, compared with up to 52% by other pneumococcal conjugate vaccines. don't get kpax-tv if you're allergic to the vaccine or its ingredients, tell your doctor if you have a weakened immune system. common side effects include injection site reactions, feeling tired, headache, muscle aches, and fever. whether you've had another pneumococcal vaccine or
8:33 pm
grams of sugar. the future of soda is now. poppy soda is back. >> the big dance. >> march madness magic. >> on fire. i remember. i'm on
8:34 pm
the march magic high for number nine. >> a double whammy for elon musk today. first, his social media site x went down for hours. the company is investigating what happened, but musk blames it on a cyberattack that he claims originated in the ukraine area. even more painful, the pockets of the world's richest man have gotten a little bit lighter. bloomberg reports that musk's net worth has dropped $148 billion just since december. why i have to do is look at the stock performance of his company, tesla. it has lost nearly all of the gains it made after election day. in fact, tesla stock dropped 15% just today. mind you, an electric automaker is also the popular punching bag for people who are furious about doge. over the weekend, protesters forming a
8:35 pm
human chain outside a tesla showroom in new york. tesla charging stations burned in suburban boston. investigators are calling the fires suspicious based on the evidence at the scene. and outside portland, oregon, police believe someone shot at a tesla dealership damaging cars and shattering windows is all the bad publicity. giving musk pause you're giving up your other stuff. >> i mean, what do you how are you running your other businesses? >> i with great difficulty. >> yeah. i mean. >> but there's no turning back. you're saying. >> i'm just here trying to make government more efficient. >> joining me now, investor and longtime tesla shareholder ross gerber. he's the co-founder, president and ceo of gerber kawasaki wealth and investment management. ross, thank you for
8:36 pm
joining. i mean, you've heard the reaction from from elon musk. we've seen the protests at tesla, the stock plunge. is he doing permanent damage to the tesla brand or will this blowback let up? >> well, at this point, i think it's fairly clear that it's a pretty deep amount of damage. and how permanent it is is still yet to be determined. but, you know, i've been warning about this for a long time now. well over a year. and as his roles have changed more and more in government and in politics, in his opinions, it's had a bigger and bigger cost to tesla. and it's really, really sad. as a supporter of tesla for so long and a believer in tesla's mission to see it subverted by its own ceo into a political tool where people are actually protesting against a company that's critically important for climate change. it's like it's crushing. so it just gives you an idea of how bad of a board of
8:37 pm
directors, tesla's board of directors should all resign immediately. you know, it's it's embarrassing. they've let this happen to tesla. >> well, ross, i do wonder with somebody like elon musk how influential would a board of advisors be? do they have any real power or is it performative? >> well, yes, they have power because board of directors choose management at companies, and that's the way it works. and and elon only owns 13%, 87% of tesla is owned by the public. and so they have an obligation to the nasdaq as well to have an independent board, which they've been proven by delaware courts not to have an independent court board. not to mention the board members have been selling stock left and right into this decline. but, you know, it's cost my clients, you know, at least 25 to $40 million in just the last few weeks. you know and we've been trying to divest ourselves of tesla. but you know over the years we've accumulated so much. and so people are
8:38 pm
losing real money because of this. and and i know at first there was a euphoria about winning the election, but it doesn't change the business that tesla is in. and now the fact that it's become a political punching bag is, is going to cost shareholders more. i fear. >> can tesla course correct? >> i think it can because it still makes the best products. i mean, this is the craziest thing. you know, even, you know, i was with my relatives this weekend and they were telling me that, you know, they've sold their teslas. and i was like, you literally sold your tesla. it's like to buy a worse car just because they don't want to drive a tesla. and, you know, i drive a tesla. and the only saving grace i have is that everybody in west l.a. still has tesla. so it's like everybody has their head down driving them. and you know, it's it's really almost like a case study on taking a brand that was, you know, loved and valued extremely high and then damaging it to a point where it's now become a
8:39 pm
negative. being a tesla. >> ross, i want you to listen to what elon musk said about how long he'll be working on doge. >> you're going to go another year? >> yeah, i think so. >> final report, middle of next year. >> well, we're just getting things done as opposed to writing a report like, say, reports don't mean anything. you just you've got to actually take action. >> yes. >> what's your reaction to that amount of time? is it sustainable for musk to prioritize doge over his businesses, or to last for a year in that role? >> well, i think he said it at the beginning of that interview, that he's not doing a good job doing this all together, and he's a human being. and so it's he's not running tesla. we know that most, if not every ceo that i can think of, even historically, has put 100% of their time into the business that they're being paid to run. and, you know, being such a large shareholder of tesla as well, he has, you know, one would think a huge incentive to
8:40 pm
see tesla do well, but he's basically like the president of the united states. now, he's paid his way into being so high up there in the trump camp. he's literally like traveling next to trump. so this is power. like he's never seen or had before. and and i think he, you know, he's addicted to it. so i you know look i don't blame him for trying to make government better if that's his intent. it's certainly not a bad intent. but as a tesla shareholder, he's let the company become the punching bag for all of his political, you know, activities. and and not to mention, the company itself has so much to accomplish. and they're not on track to to accomplishing these things. so we've still got to sell cars. we've got to make autonomy work. they want to make these robots. i mean, this is none of it's easy. and yet he's not there. so it's a critical year for tesla. >> i'd be curious to hear his response. ross gerber, thank you so much. >> thank you still ahead, a
8:41 pm
spring break trip gone wrong. >> a 20 year old pittsburgh student missing in punta cana. and now a source tells cnn that the man believed to have last seen her has given varying versions of what he remembers. >> yellow and black is back, and this spring you can save a lot of green on your new floors. at lumber liquidators, we cut out the middleman, not the quality to deliver these absolute low prices. waterproof flooring as low as $0.69 a square foot. pre-finished. real wood flooring as low as 149 a square foot pre-finished solid saddle hickory flooring is just 2.99 a square foot. make your next project exceptional and save a lot of green on all floors. find your nearest store at lumberliquidators.com, hurry. ends march 21st. >> cidp is. >> no walk in the park. >> that's true. >> but i take the high. >> low. >> same. it's the first major innovation. >> in cidp treatment in over 30 years.
8:42 pm
>> the high low has been proven to significantly reduce the risk of symptoms getting worse. >> in my cidp can be treated with once weekly injections that take about 30 to 90s. >> do not. >> use titulo if you have a serious allergy to any of its ingredients. serious allergic reactions like trouble breathing and decrease in blood pressure, leading to fainting and allergic reactions such as rashes, swelling under the skin, shortness of breath, and hives have been reported. the most common side effects are respiratory and urinary tract infections, headache, and injection site reactions. it may increase the risk of infusion related reactions and infection. tell your doctor if you have a history of infections or symptoms of an infection. >> i'm hitting fairways with the fellas. >> i'm hitting the road with my number one. look at you. that's how we live vividly with high chulo. >> visit live vividly.com or talk to your neurologist. >> friday nights you bring your a game. flaherty walks. you bring your a-game. bring your a-game. when taking care of your sexual wellness and include apretude, a prescription medicine used to reduce the risk
8:43 pm
of hiv. apretude helps give you continuous protection when taking every other month, and it's proven superior to once daily prep and reducing the risk of hiv. you must be hiv negative to receive apretude and get tested before each injection. if you think you were exposed to hiv or have flu like symptoms, tell your doctor right away. more hiv testing may be needed. apretude does not prevent other sexually transmitted infections. practice safer sex to reduce your risk. get apretude as scheduled. missing doses increases your hiv risk. don't take apretude if allergic to it or taking certain medicines that may interact. tell your doctor about your medical conditions, liver problems and mental health. serious side effects include allergic reactions or rash, liver problems, and depression. if these occur, get medical help right away. the most common side effect is injection site reaction. you bring your a-game to everything you do. ask your doctor about apretude. >> scout is protected by simparica trio and he's in it to win it. simparica trio is the first chew with triple protection o fleas and ticks.
8:44 pm
intestinal worms. whoa! heartworm disease? no problem with simparica trio. this drug class has been associated with neurologic adverse reactions, including seizures. use with caution in dogs with a history of these disorders for winning protection, go with simparica trio. >> did you know you could save with goodrx? even if you have insurance. >> i'm on medicare. i checked goodrx because it can beat my co-pay. who wouldn't like that? >> even if you have insurance, goodrx can help you save. another good reason to check goodrx. >> my accountant who uses unsecured email has all my tax info. >> tax forms, have. >> all the personal. info thieves need to steal your identity. that's why lifelock monitors millions of data points for identity theft. get a first year offer at lifelock.com. >> chem-dry has been a trusted name in carpet cleaning for over 45 years, and for good reason. chem-dry uses the. >> perfect combination. >> of nature's chemistry along with our core cleaner, the
8:45 pm
natural, to provide a deeper, longer lasting clean to your carpets, area, rugs and upholstery. millions of carbonating bubbles remove the dirt, allergens and stains from. >> deep within. >> your surfaces, giving you a healthier home. call one 800 chem-dry or visit chem-dry .com chem-dry. the healthier, deeper carpet cleaner. >> i'm oren liebermann at the. pentagon and this is cnn at this hour, a living nightmare for the family of 20 year old university of pittsburgh student sudiksha konanki, who's been missing for several days while on spring break with several friends in the dominican republic, setting in motion an all hands on deck, frantic search by air, by land and by sea. >> police say sudiksha was last seen on surveillance camera with seven other people entering the beach in punta cana after 4:15 a.m. on thursday, around 5:55 a.m., cameras captured five women and one man leaving the
8:46 pm
beach, but no sign of sudiksha. hours later, a young man believed to have stayed behind with the missing student left the beach area. authorities have questioned that young man, though he is not considered a suspect at this time. i want to bring in a private investigator who worked with natalee holloway's family. the alabama teen who went missing during a high school graduation trip in aruba in 2005. t.j. ward joins me now. t.j., i know that you have spoken with sudiksha family. can you tell us how they're doing and what advice or counsel you are giving them? >> i talked to. >> the mother last. >> night, and. >> i tried to tell her that i've been there and done this as i did 2005, to try to get her to maybe bring us on board, because i'm very familiar with this type of investigation, as i did with natalee holloway's case. this feels like a whole new story, as it was in 2005.
8:47 pm
everybody believes that she's in the water. she drowned, and we can hardly believe that she's somewhere. law enforcement needs to work hands on with. hopefully the fbi and other government agents with our country and try to look at witnesses, look at video cameras, talk to people that may have seen her, the people that she traveled with and try to get answers. >> my god, as a mother, just i cannot imagine what that conversation must have been like to even bring up, say, natalee holloway or otherwise. it's an absolute nightmare not knowing where she is in this timeline. it shows sudiksha and one young man remaining on the beach at around 5:55 a.m. as the others left. it's early in the investigation, but what questions do you have about the timeline right now? >> well, i believe once once they they've gotten there, they they need to start looking at
8:48 pm
witnesses. they first need to talk to the people that she was with. i understand there was a witness that saw her in a pool or somebody that was needed. they need to look into them. one of the things that i did when i was in aruba was, was get somebody to work with me that knows the area, knows the people and can get out and be able to communicate with people. and knowing what transpires in this, in this jurisdiction. and i think that's real important. if we end up getting involved in this case with this family, that would be one of the first things i would do is get somebody that knows the area and knows their and start a relationship with law enforcement because they're your hands on. law enforcement is going to be your way to get in and get around and learn people and hear things and know who people are. and you've got to get answers. and this this is a long, long road right here.
8:49 pm
and it's the goodness of this is that they've jumped on this right away. and the sooner the better to be able to get answers and find out what's going on. >> i mean, the young man who was with sudiksha at the beach told authorities multiple versions of the last time that he saw her. police, though, have no suspects right now. but as an investigator yourself, are you identifying any red flags even at this juncture? >> well, one of the things that that i have that nobody else had, and i used it in aruba, was a layered voice analysis, a 21st century tool, technology. and to be able to analyze people that they're talking to, to see if they're being truthful about what they're saying. i mean, that's real important. i interviewed several people when i was in aruba with a voice analysis and be able to utilize this because it's a 21st century truth technology and it's 95% accurate. and this enhances me. i'm a retired law enforcement officer, so i know what law
8:50 pm
enforcement is looking at and being able to communicate with them and get answers is real important. >> god bless this family. i know they just want sudiksha konanki t.j. ward. thank you. >> thank you. thank you laura. >> still ahead, secretary of state rubio is set to walk into a major meeting that could help decide ukraine's fate. and tonight, he says there's one thing he needs to hear from kyiv before anything else happens. i'll tell you what next. >> twitter. that's a great name. >> jack basem naim. >> we were the most social people. >> we invented a whole new thing. >> it was the most emotional company. and its founders were neurotic. >> twittering is all. >> the rage. >> billions of dollars. boom! >> twitter was running the public square arrangement. >> people's engagement. >> no one could possibly have understood where it was. >> going.
8:51 pm
>> twitter breaking the bird sunday at ten on cnn. >> doctor vox. there were many failed attempts to fix my teeth. i retouched all my wedding photos and it was even affecting my health. i trusted you because you specialize in dental implants. you created a permanent solution and customized my teeth. so it still felt like me. my new teeth have improved my life and changed my future. thank you. you're so welcome. >> financed the smile you want for as low as 148 a month per arch. schedule a free consultation today. >> her game. >> starts with a drive, but the real. >> work is what. >> came before. inspired by a coach. who recognized her full potential. >> let's see it. >> again. >> morgan stanley proudly supports first team driving progress for the next generation. on and off the course.
8:52 pm
>> life doesn't come with an owner's manual. freedom is getting to write your own. so get 10% off a jeep wrangler or get into a jeep grand cherokee where freedom is on road or off where it's a front row seat to the city, or a second row seat, maybe even a third. life doesn't come with an owner's manual, so get out there and write your own. >> right now. >> during the jeep. >> celebration event. >> get $2,500. >> total cash allowance on 2025 jeep. >> grand cherokee models. see your local jeep brand dealer today. >> to all. >> those who never give. >> a second thought to being the first ones in, thank you servpro. proud supporter of our nation's first responders. >> don't you want some more?
8:53 pm
cause i can feel you, love. that purple tie. everyone who sees you falls in love. i can feel your love. >> if you're looking for. >> a. >> medicare supplement. >> insurance plan, that's smart. >> now. >> i'm 65. >> and really smart. later. >> i'm 70 ish. >> consider an aarp. >> medicare supplement. insurance plan from unitedhealthcare. with this type of plan, you'll know up front about how much your care costs, which makes planning your financial future easier. so call unitedhealthcare today to learn more about the only plans of their kind with the aarp name,
8:54 pm
comcast business helps turn the players championship into a... ...ticketless-ticketing... ...multi-shot-tracking... ...birdie-putt-obsessing... ...swag-securing... ...global-broadcast- orchestrating... ...will billy be a-winning? easy, rich. no, jinxing. ...tee shot-mashing ...absolutely thrilling ...game-changing golf experience. powering the connectivity of the players championship. comcast business >> five good things. >> listen wherever you get your podcasts. >> closed captioning brought to you by book.com. >> if you or a loved one have
8:55 pm
mesothelioma, we'll send you a free book to answer questions you may have. call now and we'll come to you. >> 800 821 4000. >> we're just hours away from high stakes talks between u.s. and ukrainian officials in saudi arabia. happening just ten days, ten days after the tense oval exchange, oval office exchange between trump and zelenskyy. >> gambling with world war iii. you're gambling with world war iii, and what you're doing is very disrespectful to the country. this country that's backed. >> secretary of state marco rubio arrived in saudi arabia earlier today, and he'll be joined by national security adviser mike waltz in the meeting with ukrainian ministers. now ukrainian president volodymyr zelenskyy is also in saudi arabia, where he met with the crown prince. and while he's not expected to attend tuesday's meeting, he did express that quote peace is our shared goal here to talk about what's at stake is cnn
8:56 pm
senior military analyst and former nato supreme allied commander admiral james stavridis. he's also a partner at the carlyle group and advises a handful of defense related companies. admiral, thank you so much for joining us. i want to play for you what secretary of state marco rubio had to say when he was talking about one of the main goals of these talks. listen. >> we have to understand that ukrainian position and just have a general idea of what concessions they'd be willing to make, because you're not going to get a ceasefire and an end to this war unless both sides make concessions. we're not going to be sitting in a room drawing lines on a map, but just get a general sense of what concessions are in the realm of the possible for them, and what they would need in return, and then find out what the russian position is in that regard. and that will give us a pretty good assessment of how far apart we truly are. >> is this the right approach, admiral? >> i think we need to put. >> pressure on russia. russia is
8:57 pm
who invaded ukraine. russia is led by a dictator, vladimir putin. my question is, what are the concessions russia will make here? starting with providing guarantees that they will not reinvade ukraine if we allow them a cease fire, starting with, do we have a path to the european union, to western economics for ukraine, and above all, are there going to be security guarantees from nato nations who will back up ukraine if we allow vladimir putin to have a cease fire? those, frankly, are the concessions i'm interested in. >> you know, we do have some new reporting. earlier tonight, that special envoy steve witkoff. he's going to travel to moscow later this week to meet with russian officials. now, there's no word yet on if that includes putin, but he has met with putin in the past. could those meetings undercut tomorrow's talks, given your concerns about
8:58 pm
the imbalance of concessions? >> well, as i look at what steve witkoff has done in the middle east and more recently, i think you can sort of say, hey, there's a parallel track here, he's going to go talk to putin directly. i don't think that's a terrible thing, but the main thrust of these talks have to be about how. ukraine avoids a further invasion by russia. again, we need to keep coming back to two basic facts. laura, you know them both. putin is a dictator and russia invaded ukraine. that's where the concessions ought to occur. >> i want to get your reaction on what we saw earlier today from elon musk. he called the decorated veteran and combat pilot and senator mark kelly. he called him a traitor today. and that was in response, seemingly, to kelly posting about visiting ukraine and backing them in the
8:59 pm
war against russia. i want you to listen to what kelly's response was tonight. >> as i was getting sworn in to the united states navy, i swore an oath to our constitution to protect and defend the constitution. i have lived that oath my entire life. the only oath i can think of that may be elon has sworn is an oath to his own checking account, to his pocketbook. an oath, maybe, to ruining the lives of veterans. >> admiral, what's your response? >> well, i am in complete agreement with senator kelly. and not just because he and i share a hair line, but because he and i share a naval background. he is a hero of this republic. he has earned multiple medals in combat, flying combat aircraft. he's a navy captain, an astronaut. i can't think of anybody i admire more. to call him a traitor is to be
9:00 pm
ridiculous in every context. shame on elon musk for saying that word in the context of someone like mark kelly. >> admiral james stavridis, thank you, sir. >> my pleasure. >> thank you for watching. anderson cooper 360 is next tonight on 360, there's breaking news. >> president trump sparks recession concerns in a market sell off. by what he didn't say. senator bernie sanders joins us to discuss the state of the economy. also tonight, a republican congressman complains about trump's treatment of ukraine. he wants a return to ronald reagan's peace through strength. we'll hear from reagan's daughter, patti davis. and later, an exclusive. a man accused on the house floor of being a predator by republican congresswoman nancy mace breaks his silence. good evening. thanks

0 Views

info Stream Only

Uploaded by TV Archive on