Skip to main content

tv   CNN Newsroom With Brooke Baldwin  CNN  April 2, 2018 12:00pm-1:00pm PDT

12:00 pm
markets concerned after china made good on its trade threats, slapping tariffs on $3 billion worth of u.s. imports starting today. adding to that drama the president meeting in the past hour with larry kudlow, his new director of the national economic council. this is day one for him on the job, for the former tv personality, who has been a vocal critic of trump's tariff plans. >> tariff hikes are prosperity killers. they always have been and always will be. look, if it's $50 higher, if it's $100 higher, that can hurt. that can hurt a family budget. it could be more than that. in theory if you raise the tariff by 25%, the price can go up by 25%. you've got also 155 million americans who are working. it's incalcuable but so many of them, the lower and middle income are going to be hurt by this tax. it comes down to understanding that tariffs, particularly across the board tariffs like
12:01 pm
this, damage the users of the commodity, in this case steel. it's a tax. >> so i have richard quest with me, our cnn money editor at large but i want to begin with alison kosik. so talk me through some of the reaction and what may be some of the factors going into the numbers this afternoon. >> you look at the dow down right now 626 points. that's actually off the lows of the session so it's looking pretty good right now because we're seeing things stabilize. the mood here very calm. you know the way many traders see it is we've seen the market go up, up and up and it's about time we see it correct. i did talk with one trader who did say for a president who claims to be pro business, that president trump is literally killing the stock market. especially with his tweets. many tell me they want those tweets about amazon to stop. you look at amazon shares, that really has been a major driver for the run-up in the market that we've seen.
12:02 pm
just year-to-date, you look at those shares for amazon, up over 60%. 12% of that run-up for amazon shares are due to -- are due to the trump rally right after he was elected, so many are saying that the president is pretty much shooting himself in the foot every time he sends a tweet out for amazon. the other reason, the other trigger for the huge sell-off today, many traders say, yes, that is generated by the president as well and that is the worrisome feeling here on the floor that we could be in for some sort of trade battle, or at this point trade dispute, but some sort of trade battle with china. brooke. >> so, richard quest, you hear alison saying the traders are saying it's the president. he has his finger on the stock market with all the criticisms against amazon. how do you describe what's going on? >> well, in the sense that the president is lighting the blue touch paper of the firework, yes, he is.
12:03 pm
there's no question. but what you have to completely mix the metaphors, you have had a market that has risen very fast, very sharply and you end up with this tower that's a bit wobbly. now, in that scenario, what you would like to see is concrete being poured in to support the tower. instead, what you've got is somebody digging the foundations out. you've got somebody giving it a good shake, and that's what these tweets are doing. the reason the market is down 641 points today is not simply because of a presidential tweet. it's a presidential tweet on top of allegations and threats of trade wars, on top of trade sanctions coming from the chinese, on top of the prospect of more in the future over intellectual property, and that is the foundations, if you like, of this market being weakened. >> but part of the reason the concrete isn't being poured, to continue your analogy, is entirely in the control of the president of the united states. he is criticizing that american
12:04 pm
company. he is a sitting american president. depending on who you talk to it's political and personal and all about jeff bezos who's in charge of "the washington post" and not just about amazon, although he has points on mom and pop shops losing business. >> there is a general principle of constitutional law and that is governments do not attack individual persons and do not attack individual companies with the force of law. what this president is doing is exactly that. he has chosen to go to war with amazon, as he did before he took office wednesday boeing and lockheed and others. so yes, there is a reason why this is happening. >> isn't that dangerous? >> let me ask you this question. >> hit me. >> when did you buy something last from amazon? >> probably lee days ago. >> i bought four things from them yesterday. ask yourself the same question. when did you buy something from amazon? the reason i say that is not to say how brilliant amazon is, but to prove a point that he's attacking a company that is now
12:05 pm
at the heart of the u.s. economy and the global economy. and when you start doing that, i mean just think about every purchase you've made. when you start attacking amazon, you really are tinkering with the foundations of this market at the moment because you don't know who's next. you don't know where it's going next. >> but why tinker with it when the economy has been so great. >> absolutely. >> and he has run on -- i understand the jobs piece to prove his point that a lot of people -- when's the last time you went to a brick and mortar store versus hopping online at amazon. i understand his point. but isn't it dangerous to be tinkering with the economy by criticizing this company? >> it is -- i won't say -- it is dangerous, it is bordering or irresponsible because a tweet in 280 characters or less, you cannot advance a nuanced position on policy, which is what he's talking about in relation to the post office and how much money they have spent
12:06 pm
and how much money they're losing because of amazon's contracts and whether amazon -- mom and pops. these are extremely complicated issues that go to the heart of retailing at the moment. and you're going to solve them with a tweet of 140 or 280 characters? that shows the difficulty of this thing. this market ain't rallying, not without some purpose. >> okay. >> not today. >> richard quest, you probably aren't. i'll give you that credit. thank you so much. so as we keep our eye on the market for the next hour here, it isn't just amazon falling victim to the president's twitter fingers, president trump unleashed myriad tweets, everything from the dreamers, his department of justice and calling the actions of the agency a, quote unquote, embarrassment to the country. the president declared daca is dead. claimed the u.s. is being stolen by undocumented immigrants, threatened to pull out of nafta and again called for a wall. then the president placed the
12:07 pm
blame squarely on democrats. >> the democrats have really let them down. they have really let them down. they had this great opportunity. the democrats have really let them down. it's a shame. and now people are taking advantage of daca and that's a shame. >> give me one second. first, michael bender, white house reporter for "the wall street journal." michael, nice to see you. all these outbursts from the president, name the issue. i want you to tell me who has been in his ear in the last couple of days to explain what has been going on. >> i think it's more the other way, who hasn't been in his ear. he spent the weekend with friends, family and staff. one person who wasn't down there for the weekend was chief of staff john kelly. john kelly has told us several times that his job is not to stop president from tweeting. but part of his job like his predecessors has been to narrow the type of information -- to cull the information that the president gets. what the president has been getting is a steady stream of
12:08 pm
conservative media that has been focused, when it comes to the daca issue, on immigrants coming from central america. now, the conservative media and republicans blame president obama when daca was approved for an uptick in immigration -- illegal immigration among children when it happened and it was -- but what the president's tweet missed, you're talking about the nuance, how it's hard to get nuance in a tweet on economic policy, same goes for immigration. there's a lot of violence in central america and that's helping push a lot of people to the border. but what the president here is doing is blaming his political opponents, once again, for some of the nation's biggest problems. it's worked for a while in immigration, but we'll see how long that works. he mentioned the democrats missed an opportunity to deal on daca. well, this president declined the opportunity and a couple of offers from democrats to fix the offer as well.
12:09 pm
as much as he wants to blame his opponents for this, he's going to own this issue very, very soon, if not already. >> you mentioned the caravan. we'll talk to raul reyes on exactly what it is, significance and the facts of that. but let's talk about another tweet, michael, from the president on his own department of justice and fbi. so this is what he tweeted. so sad that the department of justice and the fbi are slow walking or even not giving the unredacted documents requested by congress, an embarrassment to our country. yes, these attacks aren't new, but that's the point. when a u.s. president calls the justice department and the fbi an embarrassment, that is what's noteworthy and should continue to be. >> yeah. brooke, i think what you're doing here is taking long view of this and the damage that this can do to a very important federal agency. so often the president's tweets are more about the moment. and what we know about the moment is that he's very upset with jeff sessions as attorney general who is not going to leave on his own. so he's going to continue to try
12:10 pm
to shame him into leaving. at the same time, these sort of tweets will serve to discredit the mueller investigation. that's the arm of the doj. as long as he is criticizing the department, it has the effect of casting doubt on the investigation so that if that comes back with some tough news for him, he can say, well, i told you so on this a long time ago. >> michael bender for us at the white house. nice to see you. thank you so much. we mentioned the caravans a second ago. i want to hone in on that. his outrage over the migrant caravans is getting echoed by the department of homeland security. these tweets writing the department is working with mexican officials to address the caravans and is demanding congress address an immigration loophole. raul reyes is with me, an immigration analyst and opinion writer for cnn.com.
12:11 pm
>> nice to see you again. >> first, these caravans. can you first tell me about them. who are they? >> this is a group of people known as pueblo -- meaning people without borders. they are literally a group of people from central america who are attempting to pass through mexico to the united states border. now, what they are aiming to do is to, most of them, to seek asylum because they are from central american countries. they are really fleeing for their lives, so they're not to be confused with the whole issue of daca. that's what the president is doing is conflating these two issues. where this does have direct relevance is the president in his tweets, he was saying mexico is doing nothing in terms of addressing this problem. mexico actually is doing a lot in terms of deterring migrants at its southern borders because mexico -- the people who enter mexico from central america, their destination is not mexico. they want to pass through mexico to come to the united states. and every year mexico deports
12:12 pm
between 80 and 160,000 people at its southern people. the more trump denigrates mexico, the less inclined they are to do this. that's one reason why it's been so big this year because the mexican government is allowing it to gain steam and go forward. and what i don't think trump has grasped is a real reckoning is coming in july when mexico has its presidential election. the new president is very much a mexican nationalist. he's a front-runner right now and he is running very much on an anti-trump administration, push back against donald trump platform. >> the mexican election, the question is how did the president get on this to begin with. and so maybe perhaps he was watching the other channel and saw this segment. roll it. >> an army of migrants is literally marching or riding or making their way from -- is it
12:13 pm
from honduras. >> all of them from central america. the big question is what happens when they do arrive in the u.s.? i know they want to seek protection. >> some are speaking asylum. >> but they won't necessarily get that. >> they're going to be arrested. you can't illegally come to the united states. >> will they? i don't know. >> if there's a small migrant army marching toward the united states peacefully, but wants to cross our border, how should it be handled? >> army, small migrant army. >> exactly. it's presented very much as a threat. touching on something that you were asking michael bender about, about who had the president's ear in florida. john kelly did not go with him to florida, stephen miller did. stephen miller is one of the true immigration hard liners. he views this type of movement as a -- or anything related to immigration as a tremendous threat to this country. what will likely happen to these people, they have a right under international law, under a u.n. commission of high refugees to
12:14 pm
apply for asylum. some may be denied. some may be taken to detention if they're unaccompanied minors. but this is the law. if trump doesn't like that, he would have to work with congress to reform our policy toward asylum seekers an refugees. this is not the same and should not be conflated with the daca situation. totally different. >> which, by the way, isn't even accepting people and something the president put an end to and kicked it to congress. >> he created this crisis. >> raul, thank you so much. raul reyes. coming up next, the white house and the former va chief at odds over whether the former secretary was fired or resigned. we'll explain why that difference really matters. president trump welcomes several fox new hosts to mar-a-lago over the weekend. why their advice may have more on policy. and huge protests today, kentucky, oklahoma, teachers who say they're not getting enough pay and their students are not
12:15 pm
getting the resources they need to succeed. we will speak live to one couple, both of whom are teachers, who walked out of their classrooms today. you are watching cnn. i'm brooke baldwin. helped put a roof over the heads of hundreds of families, he's most proud of the one he's kept over his own. brand vo: get paid twice as fast with quickbooks smart invoicing. quickbooks. backing you.
12:16 pm
looking for a hotel that fits... whoooo. ...your budget? tripadvisor now searches over... ...200 sites to find you the... ...hotel you want at the lowest price. grazi, gino! find a price that fits. tripadvisor.
12:17 pm
today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options
12:18 pm
and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice. janice, mom told me you bought a house. okay. [ buttons clicking ] [ camera shutter clicks ] so, now that you have a house, you can use homequote explorer. quiet. i'm blasting my quads. janice, look. i'm in a meeting. -janice, look. -[ chuckles ] -look, look. -i'm looking. it's easy. you just answer some simple questions online, and you get coverage options to choose from. you're ruining my workout. cycling is my passion.
quote
12:19 pm
did he jump or was he pushed? that is the question surrounding david shulkin. shulkin left his post at the va just last week. the white house says shulkin resigned during a phone call with the chief of staff, john kelly, who was calling to tell him the president planned on removing him as the head of the department. but you talk to shulkin, he maintains he did not leave voluntarily and was instead fired in a tweet from the president. >> were you fired or did you resign? >> well, i came to washington with the commitment to make our system work better for veterans. that's the commitment i went to work every day. i continue to feel strongly
12:20 pm
about that. there was no reason why i would resign. >> so why don't you just say you were fired? >> well, i think that's the alternative to resignation. i received a phone call saying that the president wanted to make a change. that's certainly his prerogative to do that, and that's what happened. >> you received a phone call from chief of staff john kelly, who fired you? >> general kelly gave me a heads up that the president would most likely be tweeting out a message in the very near future, and i appreciated having that heads up from general kelly. >> so the tweet fired you? >> yes. >> yes, he says. cnn politics reporter chris cillizza is with me. how shulkin left his job is critically important to the future of the agency. tell us why. >> first of all, brooke, we may be parsing words, but that's because politicians parse words. so let's throw up here why it matters. okay, here's what we know. david shulkin, not the va secretary anymore. but natural line of succession
12:21 pm
would go to his deputy, thomas bowman. it didn't go there. instead it went to robert wilke. why does that matter? because there is an act within the federal government that allows the president of the united states to appoint a preferred replacement when a cabinet member resigns. it doesn't make that same provision clear at least when a cabinet member is fired. you now have donald trump's choice, robert wilkie who's going to be there for a while because this guy, ronny jackson, has to be confirmed by the senate. so this person is going to be there a little while. so the fact that he's going to be the acting va secretary could well open the trump administration up to legal challenges because he bypassed the obvious next person in line. so parsing words does matter. i also want to talk about this weekend at mar-a-lago.
12:22 pm
can we go to that slide. >> yes. tell me who he spent his weekend with and why that matters as well. >> this is totally fascinating. amid all this did he resign, did he get fired, we know that donald trump is getting rid of people that tell him things he doesn't like. david shulkin is one example of that, and bringing in people that tell him things he does like, ronny jackson an example of that. from thursday until last night he was at mar-a-lago in florida for the easter break. here are some of the people he met with. what's the common theme here? number one, there's a lot of fox news folks. jeanine pirro, sean hannity and bill shine. all of these people, don king you'll recognize if you've been alive in pop culture for the last 30 years, bernard kerik is a guy, sort of a loyalist in the rudy giuliani mold.
12:23 pm
mike lindell, the mypillow guy. all of these are people donald trump feels comfortable with, number two, people he has seen on television, and number three, largely tell donald trump what donald trump wants to hear. >> likes to hear. >> remember, who he chooses to spend time with matters. it influences his thinking. it is not by accident that after a weekend with these six people, brooke, we got a lot of very hard-line immigration tweets this morning, an attack on the justice department. that is not an accident. he is influenced by who he talks to. when he talks to people like this, you get a certain version of donald trump and that's what we've gotten. >> those were the people in his ear and thus the tweets the last couple of days. chris cillizza, thanks for breaking that down. next, oklahoma schools closed again tomorrow in the midst of a massive walkout from teachers. a husband and wife who are both teachers join me live to explain what it is they're asking of
12:24 pm
from lawmakers. and her home newspaper is among those calling for a democratic congresswoman to resign after she kept her chief of staff for months despite allegations of abuse against him and now her boss, nancy pelosi, is weighing in on this. back in just a moment. it's ok that everyone ignores me while i drive. it's fine. because i get a safe driving bonus check every six months i'm accident free. and i don't share it with mom! right, mom? righttt. safe driving bonus checks. only from allstate. switching to allstate is worth it. i'm all-business when i, travel... even when i travel... for leisure. so i go national, where i can choose any available upgrade in the aisle - without starting any conversations-
12:25 pm
-or paying any upcharges. what can i say? control suits me. go national. go like a pro.
12:26 pm
12:27 pm
12:28 pm
if you'd have told me three years ago... that we'd be downloading in seconds, what used to take... minutes. that guests would compliment our wifi. that we could video conference... and do it like that. (snaps) if you'd have told me that i could afford... a gig-speed. a gig-speed network. it's like 20 times faster than what most people have. i'd of said... i'd of said you're dreaming. dreaming! definitely dreaming. then again, dreaming is how i got this far. now more businesses in more places can afford to dream gig. comcast, building america's largest gig-speed network. tens of thousands of teachers from kentucky and oklahoma are rallying on the steps of their respective state capitols today. they are demanding more education funding for students and better pay for teachers.
12:29 pm
this was the scene inside of the kentucky state house. teachers flooded the chamber chanting rocky, rocky, the name of the minority leader there as lawmakers were making their way inside. outside other protesters say they're upset about a bill that would bring unwelcome changes to hair pensi their pension plans. >> i think we realize the election cycle is where we'll have the reality show through but what we want to say is we are out here, we are vocal and we believe that what you've done is wrong. >> in oklahoma, teachers there did get a pay raise, did receive more school funding, but it was well below what they wanted and well below what many say is necessary to survive and provide these young people a quality education. with me now, jason and jessica lytle, both oklahoma teachers who walked out today. welcome to both of you and thank you for being teachers, first and foremost.
12:30 pm
>> thank you very much for the opportunity. >> i want to get into obviously why you are walking out today but just a little bit about your lives. what time are you up in the morning, how many jobs do you have to work to make ends meet? >> we both work two jobs. we're up at 7: -- well, we're at work at 7:45 and we're there till 3:15 and then we do work after school on work and we have another job. i work 20 hours a week at my other job and it's with online work so i am able to be here to protest. and he works 15 hours a week extra. so we're lucky that we can be here. >> okay. so you're there and despite all of these hours and all the noise, if you guys can hear me -- >> i don't know if you can hear us, but we're losing signal.
12:31 pm
>> it's okay. let's try. i'll keep talking. can you hear me? you're live on cnn, is that better? shall we go back to them? you guys let me know. maybe we can get them back because it's important to hear what they're asking. they're back. are they back? >> we're here. >> here we go. this is what i want to know. >> tell me why you're striking today. >> i'm striking because of the conditions of our school. if you go to my facebook page you'll see the condition of our schools and the experience of our students. we have 1999 published technology books. how can we be viable in the global community. we need infrastructure help from our legislature because our communities are too low income to pass enough bonds to help with the structure that's crumbling underneath or to pay our aides enough to be able to afford their lives. >> yeah. i didn't get involved in this until after they passed the bill
12:32 pm
out of the house. when i took a look at it, the teaching salary raise looked decent. it was close to the full ask for the first year. there's some funding issues that i don't really want to go into because they're really complicated and you need a pen and paper to go through them. the part that really struck me was that the support staff, i work in special ed, and we depend on our support staff at every level to get that job done. and it was hard enough to walk into the school with what the teachers were making and look at the support staff and be able to feel like you were -- they were being treated fairly. >> sure. >> some of these people take home -- they take home less than the average rent is for the area. we're talking about under $1,000. one lady, she takes home $500. and when i first saw her and met her, i thought that she was either a district or a state employee that was coming to visit the school because she is so professional. for them to only get the raise that they received is just -- a
12:33 pm
buddy of mine at school said, you know, that really equates to being about a pizza night a month for them when you really get to it. >> i'm listening so carefully. i cannot imagine the burden, the difficulty to do so much with so little. at the same time, i'm sure parents are saluting you for what you're asking for, but they're not able to take their kids, many of whom are juggling multiple jobs just like you all are. and now they don't have a place to take their kids because, you know, the teachers are striking. so what's your message to those moms and dads? >> we appreciate them. our community is wholly supportive and they're giving as much as they can. we have donations of hundreds of bags of food a week. we have donations of clothes and everything that they can do. they paint our hallways. they give us everything they have, but they're running out of resources. our superintendent, our administrators, they work around
12:34 pm
the clock for us and they advocate for us on every level and they use all of the money that they are given to make repairs. they dig and dig and dig trenches around our school to stop flooding. they can't stop it. >> if i may, this didn't start today. it didn't start -- this walkout did not start on april 2nd. this walkout started a long time ago but it was silent people walking out to other states for better opportunities. this walkout that we're doing today is bringing it to the attention, almost like a hail mary pass to say, look, man, this entire educational system has been neglected too long. this is only my second year teaching. when i got in and saw what was going on, i was like, man, i don't know. she's taught for 14 years. i didn't know the stories that she was telling me were as bad as they are and i don't think the public understands it's as bad as it is. we want people to go online and look at all the stuff -- >> jason and jessica, i appreciate you. i know it's really loud.
12:35 pm
we'll continue obviously covering the voices of these teachers both in oklahoma and kentucky over how many days it takes. thank you both so much. we're going to move on. stunning remarks being likened to state media. one media company forcing local news anchors across the country to read scripts that echo president trump's messaging on fake news. as tensions rise, critics are calling this chilling propaganda. plus a connecticut congresswoman in damage control today and all weekend. elizabeth esty writing a letter to her colleagues explaining why she kept her former chief of staff on for months after he was accused of threatening one of her female staffers. so i'll talk live to a state lawmaker from the same party. also a democrat who says this congresswoman needs to go.
12:36 pm
almost $800 when we switched our auto and home insurance. with liberty, we could afford a real babysitter instead of your brother. hey! oh, that's my robe. is it? when you switch to liberty mutual, you could save $782 on auto and home insurance. and still get great coverage for you and your family. call for a free quote today. you could save $782 when liberty stands with you. liberty mutual insurance.
12:37 pm
♪ let's fly, let's fly away ♪ ♪ just say the words ♪ and we'll beat the birds down to acapulco bay ♪ ♪ it's perfect for a flying honeymoon they say ♪ ♪ come fly with me ♪ let's fly, let's fly away ♪ ♪ come fly with me ♪ let's fly, let's fly away ♪
12:38 pm
12:39 pm
connecticut congresswoman elizabeth esty is digging in her heels, refusing these calls for her to resign. this amid reports that she kept
12:40 pm
her chief of staff on her payroll for three months after allegations he threatened and harassed a female staffer. the congresswoman spent the weekend in what one person described as damage control mode. she has been working the phones, calling democratic leaders to get their thoughts. she reached out to her congressional colleagues in a letter in which she writes in part how did i not know? how did i not see it? what i do know is that wasn't an isolated incident on capitol hill and that we can and must do better to ensure a safe environment for our employees. as members of congress, we are all responsible for ensuring that we provide a safe and supportive environment for our staff. i can't rewrite the past but i can help rewrite the future. adding to that, nancy pelosi just issued a statement this moments ago. as congresswoman esty has acknowledged, her actions did not protect miss cane and should
12:41 pm
have, although she stopped short of calling for her resignation. with me now her democratic colleague, state senator mae flexor. welcome. >> thank you, good afternoon. thanks for having me. >> i read that you were the first congresswoman -- you were the first in her own party at the state level to say that esty should resign. i want you to tell me the number one reason that you think she has to go. >> well, i think the number one reason is that in totality, congresswoman esty handled this situation very poorly. she didn't protect the safety of the victim, she didn't respect the horrible ordeal that the victim had endured and she didn't respect the rest of her staff by allowing her chief of staff to continue to be her chief of staff for three months after she learned of the allegations is completely unacceptable. >> you heard me read part of her letter where she said she can't rewrite the past but wants to
12:42 pm
help right the future. do you buy that? >> i know the congresswoman has been a champion on a lot of issues important to women and i know she wants to do better. i just believe this mistake is too egregious for her to get past and it's time to step aside. >> i read the entire letter and i know you did as well. never did i see an explanation as to why she kept this man on staff for three months after she found out about the abuse and number two, why she wrote a reference letter for him to get another job. >> right. i can't understand all of that either. i think at the very least it's a reasonable expectation that congresswoman esty should have suspended her chief of staff immediately. instead, we know that this situation was known to other members of her staff. and so when her staff found out that the congresswoman finally knew, they must have had an expectation that congresswoman esty would act swiftly. it was probably their worst nightmare that not only did the congresswoman not act but that he continued to lead that staff
quote
12:43 pm
for three months after the fact. and she took him to the democratic national convention with her, which any other member of her staff would have died to accompany her to the national convention. so just so many mistakes, unfortunately. >> what would you say to minority leader nancy pelosi, who doesn't go quite as far as you do, senator? >> well, you know, i can only speak for myself when i know what's in my heart. when i read these reports on thursday night and on friday and i thought about the totality of the situation and, frankly, what it been like for ms. cane and to be the other members of the congresswoman's staff, i just knew that i couldn't be silent and i needed to step forward regardless of party to say that these actions are unforgivable and this is not what we should expect from our elected leaders. we must hold ourselves to a higher standard. all work places should be free from harassment and violence. that's what i'm working on here in the state of connecticut and i think we should expect the same from our members of
quote
12:44 pm
congress. >> state senator mae flexer, thank you so much. >> you got it. sinclair broadcasting has just responded to outrage that it required it's local tv anchors from 200 tv stations to read these scripts bashing so-called fake news. i can tell you they are definitely not apologizing. we'll be right back. well, like most of you, i just bought a house.
12:45 pm
-oh! -very nice. now i'm turning into my dad. i text in full sentences. i refer to every child as chief. this hat was free. what am i supposed to do, not wear it? next thing you know, i'm telling strangers defense wins championships. -well, it does. -right? why is the door open? are we trying to air condition the whole neighborhood? at least i bundled home and auto on an internet website, progressive.com. progressive can't save you from becoming your parents, but we can save you money when you bundle home and auto. i mean, why would i replace this? it's not broken. vojimmy (shouting): james!as been jimmy's longest. he's survived record rain and a supplier that went belly up. so while he's proud to have helped put a roof over the heads of hundreds of families, he's most proud of the one
12:46 pm
he's kept over his own. brand vo: get the most out of your money, whether you're using quickbooks smart invoicing to get paid twice as fast or automatically tracking your mileage. smarter business tools for the world's hardest workers. quickbooks. backing you.
12:47 pm
12:48 pm
fake news, biased media, unfair coverage. it is the kind of thing we routinely hear from president trump. but tune into one of nearly 200 local tv stations across the country owned by broadcast giant sinclair and you will hear echos of trump sentiments coming from
12:49 pm
your local sinclair news anchors. it is a mandate from the company that they read the sinclair script. dead spin took bits of dozens of sinclair anchors from these stations and you can hear from yourself from different parts of the country these men and women are saying virtually the exact same thing. >> the sharing of biased and false news has become all too common on social media. more alarming, some of these outlets publish these things as true without checking facts first. unfortunately, some members of the media use their platforms to push their own personal bias and agenda and control exactly what people think. this is extremely dangerous to our democracy. >> robert thompson is with me. he is the director of the center for media studies at syracuse university. nice to have you on, sir. you know, when you watch that, and that was just a blip, right, of all the nearly word-for-word
12:50 pm
scripting, did that make you a little queasy? >> every time i hear it, and it's been a number of times, i suddenly feel like one of the children of the corn. i want to go and join a sinclair station. yes, it's very creepy. it's got this -- remember that super bowl commercial back in 1984 for apple where the authoritarian character was on the big screen in front of all of these people? when you hear bh you here that many people who are supposed to be local voices speaking the exact same word, it becomes almost mantra like and it is very creepy. especially given the history of regulation in this country of broadcasting. forget fcc. this goes back to the frc. one of the basic principles in the beginning was to protect league voices over big national could not glam rated voices and there doesn't give us that
12:51 pm
impression. >> so they've just responded to all this criticism that has come in the wake of all that video. the senior vice president of news scott livingston who is defending it as a well researched journalistic initiative focused on fair and objective reporting. care to comment? >> maybe it was. that comment itself sounds lying it came out of same robot that was saying all these things. and i don't know exactly what that means. i'm sure they did some research. what i find most fascinating about this story is that it shows the power of a good mash-up. this story has been being reported for quite some time. you guys, cnn money has been promoting on this since last month. and john oliver has been talking about the issues with sinclair since july. everybody has been talking because of the desire to acquire
12:52 pm
all these new stations with tribune. but dead spin puts this mash-up together all of a sudden that completely catapults this story to a whole new audience. john oliver picks it up again last night after the weekend, having gone viral. it makes one rethink how to cover stories like this. it didn't last very long and it was very effective. >> it is very effective. i think about these local tv anchors. i worked in local for all of my 20s. you work for the big companies and you don't always know who the big boss is. i thank goodness wasn't told to do certain things but some of these anchors, do you think they were even aware of what they were reading? >> i think many were told, that you have to do this. this is september dont down fro. the more experienced ones had more, they were more pre disposed to getting upset and
12:53 pm
angry about it. i don't know that the others. it depends on what journalist professors they had. needless to say, a lot of this isn't new. affiliated stations with networks run network packages all the time. and sinclair has all these must-run editorials and packages. this was different in that wasn't just running a package that the mother ship gave them. it was making the local people read the same exact script. and i think even if you were fresh out of college doing that, if that didn't make you feel a little queasy, i think you maybe are in the wrong business. it should have made them feel queasy. >> a good lecture lesson from syracuse. thank you so much. appreciate you. we are just a couple minutes away from the closing bell. the dow down massively on this afternoon, in part partially because of president trump's attacks, very public attacks on amazon. we are live in the new york
12:54 pm
stock exchange in minutes. hi i'm joan lunden.
12:55 pm
today's senior living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice.
12:56 pm
so allstate is giving us money back on our bill. well, that seems fair. we didn't use it. wish we got money back on gym memberships. get money back hilarious. with claim-free rewards. switching to allstate is worth it.
12:57 pm
internet providers promise business owners a lot. let's see who delivers more. comcast business offers fast gig-speeds across our network. at&t doesn't. we offer more complete reliability with up to 8 hours of 4g wireless network backup. at&t, no way. we offer 35 voice features and solutions that grow with your business. at&t, not so much. we give you 75 mbps for $59.95. that's more speed than at&t's comparable bundle, for less. call today.
12:58 pm
for the win! she takes the national championship! >> swish! a dramatic ending. can you imagine? for the women's college basketball championship game. arike ogunbowale. the second time in a tournament she hit a shot in the final to
12:59 pm
carry the tish victory. tonight it is the guys' turn. that's at 9:00 eastern on tbs. we'll hand things off early to washington with my colleague, jake attempter. thanks for being with me. thanks for being with me. "the lead" starts now. -- captions by vitac -- www.vitac.com >p o our money leadg a deep dive. much of tmuch of thpmuch o of trump himself. china makes moves to show it is not fooling around with a trade war. >> a rough start to the second quarter. what's causing this? >> shares of amazon tanking in a u.s. trade dispute with china. that's what triggered the bloolt
1:00 pm
sell-off. one person saying, for a president who claims to be a pro business president, donald trump's actions are killing the stock market. there's so much uncertainty about whether this dispute will wind up escalating into an all-out trade war with china. whether this could cause global trade to slow down which could wind up hurting the u.s. economy. then came the latest tweet attacking amazon from the president and president trump attacking the single company making a lot of investors nervous trump will take some sort of action toward the company. the company has been a major driver for the stock market's rally over the past year. as the dust settles, the s&p 500 and dow are in a 10% fall