tv CBS Overnight News CBS May 26, 2020 3:42am-3:59am PDT
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>> there is a new york tough component to that. this is a little scarier. once you're in the building you're still not entirely comfortable. reason for the pause. the whole >> yes, yes, let's take a pause. >> reporter: unlike 2001 and other closures, this marked the first time in the 227-year history of the new york stock exchange that trading continued electronically while the physical floor was shutdown. and it did so without a hitch. >> so we prepared some of those preparations, look like pauses, market wide circuit breakers. and some of them allow us to continue operations even if the trading floor isn't accessible. so you always have a little bit of anxiety as you're getting ready to see it live for the first time. but it worked flawlessly, and io much trading is alreadys. done electronically, why do you need to open the trading floor? >> that's a great question. it's the moments in time, those
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moments of stress where it matters most is where human judgment is most valuable. the traders on the floor aren't going to stop major market movements, but they're going to make that micro volatility, the small round about the edges which saves investors money. we have seen a degradation since we closed the trading floor. >> reporter: is there a symbolism to having the new york stock exchange trading floor open? >> without a doubt. the facade is the face of globalism and our economy more broadly. so recognizing the fact that we can set an example for how america should reopen, slowly, cautiously, flexibly, ready to move as needed is an important thing for our economy more broadly as we look to get it st >>eporter: but the tray. p.p.e. like face masks will be required along with social distancing, and there will only be about 25% of the normal trader work force on the floor. around 100 people.
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>> we're focusing on those that are small businesses because they're impacted. that's an important message for the u.s., too. let's start with those impacted and start with our energy there. if others can stay remote, let's keep them at home to reduce the risk in our communities. >> reporter: how much have you thought about what it will be like having that opening bell ring on tuesday with traders there on the floor? >> it's going to be certainly a very historic moment and special moment for the traders on the floor to come back. but it's not the moment we're looking forward to celebrating. the bell that will really celebrate is when the u.s. gets to open for business again and we can really celebrate the reopening of america. ana jacobsen on wall street. while america slowly reopens, some countries around the world are still in the russia, for instance, has the third highest number of coronavirus cases and deaths after the u.s. and brazil. and the official totals do not tell the whole story of the crushing impact on that country.
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elizabeth palmer reports. >> reporter: with coronavirus hammering moscow, f hou outside hospitals to deliver patients. and the city government imposed one of the strictest lock downs anywhere. enforced by big brother technology that's made a smartphone key to getting out. writer and journalist was in the country side but needed to get back to moscow. >> in order to get back home i will need a special pass. >> reporter: to get the pass, he had to interpersonal details on a government website. >> where i'm going from and where i'm going to. >> reporter: eventually he downloaded a bar code phone that let him hit the road. anyone traveling more than 100 yards from home in moscow needs one. police run spot-checks on the streets. even subway turn styles won't open unless the rieder has already logged the trip. and on the roads, cameras and checkpoints track drivers to
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make sure t'm stopped.orte fish call for extreme measures. but big brother really is pretty much keeping tabs on you. why did russia go that route? >> because russia is a totalitarian political regime. what we actually see is lack of trust between the government and the citizens. so it's very hard for the government to simply ask to do something from the people because the people would not obey because they do not trust their government. >> reporter: once life returns to moscow, the government says it's going to delete all the data it's collected. but it is not goingowhat lrned technology and social control. i'm elizabeth palmer in london. >> china is using the coronavirus lockdown in hong kong to tighten its grip on the
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city. that sparked angry protests over the weekend. riot police warnedhey wou ry. deploy force and follow through with water cannon and nearly 200 arrests. the outrage a rejection of china's intent to impose new national security laws on the city, banning treason, subversion and terrorism. this video allegedly shows pro-democracy protesters beating a lawyer bloody in hong kong sunday. now being leveraged by chinese state media. still, critics say the legislation aims at undermining the massive protests, both peaceful and violent that rock the city for much of 2019. white house national security advisor robert o'brien. >> i can't see how hong kong remains an asian financial center if the chinese communist party goes through and implements its national security law and takes over hong kong.
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>> reporter: many hong kongers say the law reveals china's disregard for the freedoms promised the city under one country two systems. when the u.k. returned hong kong to china in 1997. clawed wra mo is a hong kong pro-democracy law mak o couny, two systems? >> itoesn'teaner ening. it's very depressing. but then it doesn't mean that we'll all just lie down, we'll take it all lying down. this is not hong kong. >> reporter: this is the hong ng,ith anta protesters mch mmer otent pubeanporthendgrowinods. finally somemo it's got to be tide.
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the coronavirus lock downs and stay-at-home orders have a lot of museums struggling to stay afloat. soorng t aer wks.>> rr:t's a co privilege of museum curators. having a private audience with world class works of art. but lately the many, many silent galleries around the country don't feel magical so much as depressing. >> i think this is relief the fact that museums are really deeply dialogic. absent people there is no conversation. >> reporter: christopher directs the baltimore museum of art.
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does it bum you out to see it completely empty? >> yes, yes. >> reporter: now instead of conversing about culture, many are talking about survival. they reconsider whether they should consider one of their sacred rules, do not touch the art. what is that? >> that's our code word. >> reporter: why is it so secretive? >> that's our code word for selling art. >> reporter: for decades most museums followed a strict and some might say strge o guidel. 're not supposed to solve financial problems by plucking paintings off the wall. sales are only allowed if proceeds enhance the larger collection. like when the vma sold several pieces from its archive to acquire more works by women and tiol you sold art to buy more art. >> that's exactly correct. >> reporter: past violators have been ostracized and picketed like in 2018, when the berkshire
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museum raised funds by sending dozens of pieces and two norman rockwells to auction. but the pandemic has changed everyone's perspective and forced a reinterpretation of the de-a sessioning rules. >> what we are trying to do is achieve a member organization with more flexibility. >> reporter: brent benjamin is president of the association of art museum directors. for the next two years it says it will not punish members that use art sales to pay for, quote, the care of the collection. what that means is up to the institutions themselves. >> we've never done this before, but this is a circumstance we've never faced before. >> reporter: so why does it matter if museums want to sell ? >> well, because the museum exists in perpetuity. and the idea is that you don't benefit today's visitors at the expense of tomorrow's, and you don't benefit eense of today. >> reporter: nina del rio at
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sotheby's auction house. >> this is a long time coming. >> reporter: having flexible and control over the assets could be key to survival. but don't expect a ieen anybody say, oh, my god, we have to sell everything, you know, life is going to be over if we don't. i've seen quite the opposite. the stewards of these institutions doing the thoughtful, hard and good work to demonstrate that they'ngw, dt are the right ones for their particular institution. >> reporter: and even though he doesn't think the bma will need to take advantage of the rule change, bedford says he supports it in the abstract. >> what is more sacred, a set of values that we have collectively inor vitality, relevance and core mission and vision of the institutions that serve their publics? i think this moment is telling us exactly which is more important. >> reporter: which is? >> serving our publics. being vital, being relevant,
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many of america's servicemen and women return from overseas tours with mental wounds that can scar their lives forever. some are turning to the healing power of music. dean reynolds has the story of "operation song." >> reporter: from this building in nashville and the recording studiog. it's the music of redemption, words of renewal from america's traumatized soldiers. ♪ ♪ it's called "operation song" a joint effort with the veterans administration to turn trauma into treatment and give a the wl nd hitwed themthe
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♪ ♪ >> i bury many things. >> reporter: do you want to talk about the things you buried? >> no. >> reporter: brian was a marine from 1987 to 1993. after discharge he fell into a deep suicidal depression. >> it's been a lot of little things a lot of time coming. wa. highly medicated, pills every day. >> reporter: and that medication worked? >> it made me numb. >> i really don't know where to start. >> we'll start at the beginning. i'm here to write your song, write your story. >> you have to make it honest and real. >> reporter: they paid him with singer song writer jason seiber. >> attempts. >> gosh, man. ♪ in a room smells like whiskey, and last night cigarettes ♪ >> reporter: in just four hours a song emerged and a catharsis. mtshing ally, really
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cool. ♪ ♪ >> reporter: so far the stories of more than 800 men and women have been told this way. >> i'm sorry. ♪ ian l erhis od.itd. will have a lasting impacts, for one weekend at least the darkness parts and the light breaks through. ♪ now i know john and john knows me and that makes two of us ♪ >> that's awesome. >> reporter: dean reynolds, lle. >> and that's the overnight news for this tuesday. for some of you, the news continues. for others, check back later for "cbs this morning". and follow us online any time at cbsnews.com. reporting from the nation's capital, i'm chip reid.
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♪ ♪ captioning sponsored by cbs >> brennan: nearing 100,000 deaths, americans celebrate a very different kind of memorial day after months of social distancing, flocking to beaches, parks and pools even as the inath toll cloin on 100,000. tonight, the growing concerns about a second wave of infections as 25 states see increases in cases. paying tribute and tweeting. the president honors those whoe months-- wearing a mask while laying a wreath. plus, that barrage of tweets from the president insulting his rivals. and what he's now threatening to do to this summer's republican convention. on the brink: protests in hong
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