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tv   The News With Shepard Smith  CNBC  April 1, 2021 12:00am-1:00am EDT

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time will tell. ask me 12 months from now whether or not it was the right decision. [laughs] the news with shepard smith starts now the trial of the man accused of killing george floyd, today we hear from the now fired cop on scene i'm shepard smith. this is the news on cnbc >> tears on the witness stand and new video that shows the convenience store purchase that prompted the police call that ended with george floyd's death. today the cashier's testimony. >> i saw derek with his knee on george's neck. >> day three in the trial of derek chauvin. covid vaccines for children,
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a key component to ending the pandemic. >> we'll probably have it in time for the fall school year. >> now pfizer reports just how safe the shot is for kids as young as 12. now it's time to rebuild. >> president biden unveils his $2 trillion infrastructure package, but in washington, can they get it done new reporting, plus we're live with one of biden's top advisers. and the winter freeze that crippled texas also triggered a plastic shortage that means you'll pay. tonight, how much for how long and why? live from cnbc, the facts, the truth, the news with shepard smith. >> good evening, the final minutes of george floyd's life leading up to hisdeadly encounter with minneapolis police now we're seeing that for the first time during testimony in the murder trial of the now fired cop, derek chauvin, prosecutors played never before seen security video from inside the corner store where clerks called the cops on george floyd because he allegedly paid with a fake
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$20 bill that's george floyd in the black tank top today we heard from the 19-year-old cashier who sold floyd cigarettes he testified that he feels guilty for telling his manager the bill was counterfeit this is the cashier pacing on the sidewalk outside the store with his hands on his head after witnessing george floyd dying. >> what was going through your mind during that time period >> disbelief and guilt. >> why guilt >> if i would have just not tooken the bill, this could have been avoided. >> reporter: we also heard from an eyewitness who begged george floyd to stop struggling with the officers he told floyd you can't win. the witness broke down in tears as he rewatched the police body cam video of himself pleading with george floyd. the judge had to call for a break. nbc's jay gray live outside the courthouse in minneapolis. jay, another gut wrenching day
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>> reporter: yeah, shep, it really was good evening to you. and look, the pace of this trial, it shifted a bit today. initially prosecutors slowing things down some, meticulously going through that previously unseen security video from inside the cup foods store that shows george floyd interacting with other customers and employees. one of those 19-year-old christopher martin, the cashier as you talked about, telling george he had a brief conversation with floyd and that he seemed, quoting here, high, but never appeared agitated or angry. martin left the store twice asking floyd to come back in and talk with his manager about what was apparently a counterfeit $20 bill he used to buy that pack of cigarettes then rushed back outside as the situation escalated with police. >> i saw people yelling and screaming. i saw derek with his knee on george's neck on the ground.
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>> reporter: this is also new video from derek chauvin's police body cam, and we hear for the first time chauvin during the confrontation. >> that's one person's opinion we've got to control this guy because he's a sizable guy. >> yeah, and i got to get in the car -- >> looks like he's probably on something. >> he was talking to charles mcmillan who was overwhelmed as he watched this video from the witness stand today. >> i'll just give you a moment. >> he kept saying i can't breathe, and when he said, momma, they're killing me. they're killing me that's what i kept hearing, i can't breathe, momma, they're killing me my body's shutting down.
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>> reporter: now, as this day ended, a minneapolis police lieutenant, a specialist in security and body cameras took the stand signaling, shep, perhaps a shift in the way the prosecution is going from this point on they are scheduled to call a list of experts moving forward >> jay gray at the courthouse. thank you. david henderson now, a civil rights attorney, former prosecutor, cnbc contributor david, today the jury got to see the final moments of george floyd's life leading up to that deadly encounter with police what was the prosecution trying to accomplish by showing the jury all of that >> i think the prosecution is trying to make the jury feel what it felt to be there and witness what happened. we heard one of the best witnesses today, mr. mcmillan, who is a salt of the earth man, he's my kind of witness. he doesn't have a lot of education, but he has a high degree of what i call moral intelligence, and he really brought home for the jury what it felt like to watch george floyd die.
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that was the intent of calling witnesses like him. >> david, today i was watching when you told nicolle wallace on msnbc that the prosecution is making mistakes. what mistakes? >> there are a series of mistakes, but i can summarize them by saying this, you never want to create a david and goliath theme in a courtroom, unless you're david. for example, you have a large trial team you never have more than two lawyers sitting at counsel table. it looks like you're teaming up on someone who's only represented by one attorney, and the rule's kind of simple, if you cheat on your homework, you don't tell your teacher. you keep that to yourself. in addition to that, the prosecution is overrelying on the ability to paint derek chauvin as though hoos a cowboy who wasn't following policies that were put in place by the minneapolis police department. >> every day of this trial you've said chauvin, if he wants to beat this rap, he has to testify. why? what could he and only he accomplish in front of this jury >> first, whenever you have an
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unintentional murder or a criminal charge that's brought based on an unintentional murder or killing, the defendant normally has to take the stand and say i didn't mean to do that that burden is increased here for a couple of reasons. one, the emotional testimony from the prosecution so far has been overwhelming, and i summarize it by saying you even had a 9-year-old child saying that this was wrong. something has to happen to combat that callousness. also, i think the rules have changed for derek chauvin. i think trying a case where a police officer is accused of wrongdoing before george floyd's death is fundamentally different than how you have to approach it after george floyd's death. >> you know, watching the body cam video, the gunpoi pointing t the vehicle, george floyd almost crying what -- does that have the possibility of having one impact on one group of jurors and another on another >> oh, absolutely. you have to remember that this material is new for a lot of these jurors, but people in the
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public -- >> that was new for all of us. >> well, absolutely, it was. i'm saying you have some people on the jury who have never seen any of this footage before but even if you take the video that went viral that most of us did see, people responded in different ways some people went out and they protested and they marched other people put blue lives matter signs up on their yard. i have a neighbor who did that it's reasonable to believe the jurors will respond differently in the courtroom as well >> david henderson, thanks so much the trial continues tomorrow, updates from the courtroom at nbcnews.com. covid watch, want a vaccine for your child or grandchild great news today, pfizer announcing its vaccine is both safe and, get this, 100% effective in kids 12 to 15 years. you don't hear that much in recent clinical trials, the company reports it found no symptomatic infections and no serious side effects among kids who received the shot. pfizer's ceo says the company plans to submit its day to the
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fda as he puts it, as soon as possible he says they'll also request an amendment to its emergency use authorization to include everyone 12 and older. the findings haven't been peer reviewed, but if they hold, kids in that age group could start getting shots later this year. health experts say vaccinating younger americans is a critical step toward reaching herd immunity and ending this pandemic dr. peter hotez now, co-director for the center for vaccine development at texas children's hospital good to see you again. we've reviewed the pfizer report here, and the numbers really look fantastic what of this, kids being vaccinated before next school year is that realistic? >> yeah, i think it is i mean, the study is not that big. it's about 1,200 adolescents, 12 through 15 in the vaccination group and a similar number in the placebo group, and what it showed is there were 18 cases of covid in the placebo group and
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zero in the vaccinated group that's how you got to the 100% i would guess as you get to much larger studies, it will probably come down a little bit it will probably be similar to the very high level of protection that we see in adults so the question is where do we go from here i think there's a few reason the vaccinated adolescents, we are seeing adolescents going into pediatric intensive care units they are getting sick, especially those with underlying risk factors as you pointed out, if we're going to interrupt virus transmission, we have to get to 80, 85% of the population vaccinated now that we have the b 711 variant. i think we could do that by including adolescents, and now we're going to see a pretty safe fall school year for middle schools, junior high schools and high schools because the students will be vaccinated, the teachers and staff so that's -- there's a lot to look forward to because of this news. >> dr. hotez i talked to a
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jersey soccer mom just yesterday. she said you know, i've got a 16-year-old, a 12-year-old, i mean a 13-year-old, i don't know i think they probably need to wait to that soccer mom and millions across the country, what do you say? >> yeah, there's going -- have to be a lot of public communication, and a lot of advocacy that needs to be done because parents are going to be a bit skittish about -- at least some parents, about a brand new mrna technology for their kids, so that's something that a number of us have anticipated. there's going to have to be a lot of discussions, so it may take some time you may not see that full level of compliance, at least for the first few months and -- but i i tthink it will gw organically as we see kids get vaccinated with no untoward effect. >> doctor, over the past year we've looked to europe to see what's coming next i look at france now and there's another lockdown you look at brazil, hospitalizations are so bad. it's possible that their entire health care system is going to be crushed
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do we face the possibility of this, or are we doing enough and acting correctly enough to where we won't have to face this >> the big difference is we are moving at a much faster pace of vaccinating. it's still not where i'd like it to be. we've got now about a third of -- getting towards a third of the u.s. population with a single dose of vaccines. the good news is that by the summer, i think we could get to a very high percentage, certainly more than half, maybe 75% of adults vaccinated, and that's going to really slow down transmission the problem is we're in a race with this b.1.1.7 variant, which is so aggressive, it's more transmissible, higher mortality rates, higher hospitalization rates, and we're also hearing anecdotally, we don't have the hard evidence yet, but it's looking that way that up in wisconsin, minnesota, we're starting to see young adults get very sick as well because of the b.1.1.7 variant. >> being fully vaccinated feels
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mighty good, if you can get it, get it thank you. there's been an arrest in that brutal attack on an asian american in new york city. tonight the crime for which he already spent nearly two decades in prison. when the georgia governor brian kemp signed his state's new voting reform bill into law, companies in atlanta and beyond started, well, kind of going, uh, uh, now, wait until you see what's happened with big companies in the peach state and later, when the pandemic overtook us, home buying tanked, but while sales may have bounce back, a historic shift in supply is shaking the entire industry. is shaking the entire industry. the fa,
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♪♪ (car horn) ♪♪ turn today's dreams into tomorrow's trips... with millions of flexible booking options. all in one place. expedia. black business leaders in america are taking a stand today
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against the state of georgia's controversial new voter law. they're calling on all of corporate america to publicly and directly oppose new laws that would restrict the rights of black voters. the two men behind the effort, ken frazier of -- the ceo of merck and ken chinault the former head of american express weighing in this morning right here on cnbc >> americans must vote, black americans must vote, and when it comes to protecting the rights of all americans to vote, there can be no middle ground. we cannot be in the business of creating unjust and undemocratic laws >> what we do is we raise the spector of voter fraud, and now we restrict legal voters, eligible voters' ability to cast ballots, and that's what's wrong with this bill >> well, several atlanta-based companies also opposing the new
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law. delta is georgia's largest employer it had declined to take a position really, but today its ceo called it unacceptable based on a lie, and said it does not match delta's company values coca-cola took no position before the legislation passed, but today in a statement the big leader writing, it opposes measures that would seek to diminish or restrict voter access the georgia governor brian kemp dismissed all the criticism, and now says these corporate leaders were pushed to speak out >> i understand that they have public companies, and they have boards that are pressuring them, but that still doesn't change the truth and the fact that this bill expands voting access. >> wow the governor also claims the statement from delta's ceo goes against the conversations that they'd had behind closed doors cnbc's andrew ross sorkin is with us now, journalist, host of "squawk box. gop lawmakers have introduced more than 250 bills in 43 states that restrict voting access.
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that's a fact. why did it take until now for these leaders to speak out >> i think for many of these business leaders, even privately they've been anxious about speaking out they have spoken out on issues of racial justice before, but they didn't see it in that perspective, and also, if we're being honest, i think that at least in the state of georgia, the ceos of those big companies wanted to maintain a relationship with the governor, wanted to maintain a relationship with the republicans who control that state, and are pushing all around on taxes and so many other issues, and therefore, didn't want to speak out and now they, frankly, have been forced to. >> governor kemp there saying this expands access, and he also says most of these companies didn't have a problem until after it became a law. does he have a point there >> well, it doesn't expand access >> no, it certainly doesn't. >> if you look in the -- if you
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look in the areas that are hardest hit, it clearly does not. i also think that the companies and even the ceos and people like ken chenault and ken frazier, it took -- i think it almost took this moment for them to appreciate what was taking place, not only in georgia but how this could sweep the rest of the country. and so their speaking out has now forbced the issue and forced the issue for so many other ceos. >> you know, it seems like the easiest thing on earth should voting be easier or harder. >> right >> i mean, who says harder and if they do, what's their motive >> those are the questions you always have to ask, and they're now being asked. >> yeah, good deal andrew, thank you. see you in the morning been house hunting lately, some pandemic perusing, the market is fire, and now the lowest supply of available houses in history. today the national association of realtors reported a bigger than expected drop in pending
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home sales down more than 10% in february that comes as home prices are climbing and quickly, up more than 11% from a year ago low supply, high prices, mounting frustration, and as cnbc's diana olick reports, it's also hurting millions of real estate agents. >> reporter: at a condominium in boston last weekend, potential buyers were lining up outside. >> this is gorgeous. >> reporter: and lamenting the competition inside. >> have you guys had a lot of people come through today? >> we have >> reporter: for real estate agent jeff strobeck, it may be an easy sell, but finding listings in the leanest market ever. >> there's not a magic bullet for it. >> reporter: has been incredibly tough. >> for me it's this house in your neighborhood sold with 11 offers on it or it sold x amount over asking, and i think we can do that with your house, too >> reporter: there were just about 1 million homes for sale at the end of february, according to the national association of realtors. that's the leanest supply on
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record, and there are now nearly 2 million working real estate agents, as more got into the business during the pandemic >> frankly, this is not the time for amateurs this is -- this is the big leagues here welcome, come on in. >> dana bowl showed a high end home just outside boston last weekend. in over a decade, she's never seen as tight a market as this one. >> we're pulling out all the stops in terms of mailers, in terms of getting on social media. >> reporter: supply has been leanest on the low end, but now the higher end is slimming, too. >> it kind offeels like a game of tetris, where we're looking at the whole playing board, and we're trying to place people and strategically move people around in a way that best fits their lifestyle. >> reporter: that condo that went on the market in boston last weekend already sold for well over asking with multiple offers and while this time of year is usually when the most listings come on the market, we're just not seeing it. 20% fewer homes were listed for
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sale this march compared with last march the biggest issue for sellers now is they're afraid they won't be finding anything else to buy. shep. >> diana olick, thank you. wonder what big companies are going to say about employees who don't get vaccinated, won't get vaccinated not today or tomorrow but when most of us are accinated, how do they handle it? the rules of the office, they will change, but how and after the news, as cnbc's special report takes a closer look at the rise in violence and racism against the asian-american community
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new today, the napypd has arrested the man accused of that vicious attack on a filipino woman. the state released brandon elliot two years ago he's out on lifetime patrol for killing his own mother he stabbed her to death almost two decades ago. he had been living in a hotel that serves as a homeless shelter near the scene of the attack police charged him with five counts including felony assault as a hate crime. he was seen on surveillance camera on monday kicking and stomping the 65-year-old woman, very near times square the surge in violence has hit business owners as well. cnbc talked to carl palma, the owner of one asian street cart
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whose business was just demolished during the pandemic. >> when covid hit, you're watching everybody dying on these ventilators and stuff, and then it got worse and worse. my wife was stuck in china, and my parents were stuck in the philippines. i hear the sirens. i start hearing the gunshots, the protesting when you start hearing the rhetoric, this kung flu virus, this china virus, i knew that we were going to get targeted. >> imagine melissa lee is co-hosting and anchoring a one-hour special called "the asian experience" coming up right after the news karl is just one of the so many asian-american business owners just struggling so mightily. >> asian-americans are well-represented in the industries that are the hardest hit, and in fact, during the pandemic we've seen a 450% rise in unemployment in asian-americans. and that's mostly because asian-americans are in things like food services, retail, educational services, so the things that were really shut down and hit the hardest as karl had mentioned, asian-americans are dealing with two viruses during the pandemic,
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covid and the virus of racism. >> that virus of racism, the experts say a lot of that, of what they're facing is really because of misinformed stereotypes. >> yeah, all stereotypes are bad. this one is very pervasive and has become widely accepted, so it's particularly damaging it's the myth of the model minority, basically that we're hardworking, we'll keep our heads down we're successful, we are well-educated, and that really harms us it backfires, even though it sounds like a compliment on the surface, the notion that we're hardworking. we are perceived as workers as opposed to leaders, leading to underrepresentation in the c suite. we're looked at as people who don't need help because we're successful, and that leads to being overlooked, when it comes to diversity efforts at the university as well as at corporations, and then of course this myth in particular drives a wedge between asian-americans and other minorities and other ethnicities in general, and that has really contributed to where we are right now as we face the
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rising wave of anti-asian violence. >> well, in the next hour you have a lot of big names. tell us what we can expect. >> we're getting a lo lot of perspectives, we're hitting academics, we're talking to people who are in the c suite, the first female asian-american ceo of a fortune 5 company, the former ceo of avon we're also talking to the ceos of boxed and pay dra duty, and we're talking to -- you might know him the director of "crazy rich asians" about the importance of getting asians out there and fashion designer phillip limb we lim we've got a big lineup. >> i'm looking bard to it. it's coming up right after the news race and opportunity in america, the asian american experience 8:00 p.m. eastern, cnbc. new reports that the military junta in myanmar has ordered a cease fire, but not for the protesters they're still getting murdered next, we're on the border with thailand as thousands try to
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escape the chaos, only to be sent right back. in unveiling his $2 trillion infrastructure bill, president biden promises to rebuild the backbone of america, but what will it cost and what's standing in his way next, we're live with a member of the president's council of economic advisers. and north of 100 million cars cross our bridges and drive down our roads every day, so what kind of shape are those bridges and roads in america's civil engineers break out e d n
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plastic, you're in just about everything we use, shampoo bottles, paint, on and on, and we may have to start paying more for plastic products, that's if we can even find them. cnbc's seema mody tracking a global shortage. >> it's all good, shep, this shortage could not come at a worse time, just as the economy's reopening, president biden unveiling an infrastructure deal. there are a handful of companies that can get their hands on the raw materials they need. >> the busiest machine we have. >> reporter: through four decades of business, plastics
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has weathered its share of crises. >> the blizzard of '77, oil embargoes in the 1970s, the great recession and covid. >> reporter: but nothing like the current plastic shortage, which forced the buffalo new york manufacturer of pool and recreational products to declare a force majeure. >> an act of god causing us to not be able to follow through on delivery pricing. >> reporter: that act was winter storm yuri which knocked out power in texas, the world's lashlgest chemical plastic producer at the peak, 80% of the state's output was offline, doing more damage to the supply chain for plastic than hurricanes katrina or harvey. >> a lot of the pet roe chemical facilities that went offline have not yet fully restarted that's really the facilities that are taking those raw materials that come from natural gas or from crude oil and ultimately start them on their journey to become a plastic good >> reporter: the result, surging prices, resin is up 50% since
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february affecting a number of industries industrial giant 3 m, which specializes in adhesives like post it notes and paint manufacturer ppg are among the companies that have referenced the impact of the shortage confer was paying $0.38 per pound for plastic this time last year today prices are above $1. >> the typical kayak that would hit the marketplace at $250 is probably going to be sold now for about $300 >> and shep, plastic is in nearly everything from the desk in front of you to the packaging of food and the shortage has resulted in job losses, confer plastic has already laid off 40 employees and says more could be in the cards shep. >> here we go, seema, thanks so much. the supreme court hearing arguments on the business of college sports for the first time in four decades, today both liberal and conservative justices questioned whether amateurism is actually a key part of the ncaa's business model. justice clarence thomas described it as odd how salaries for college coaches skyrocketed
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but players can't get a penny. stim, some justices expressed concern that a case challenging limiting on compensating student athletes could destroy the very future of college sports the ncaa's lead lawyer argues that people should have a choice between watching the pros and watching amateurs, but justice brett kavanaugh says antitrust laws shouldn't be, as he put it, a cover for the exploitation of student athletes. >> it does seem schools are conspiring with competitors, agreeing with competitors, i'll say that, to pay no salaries to the workers who are making the schools billions of dollars on the theory that consumers want the schools to pay their workers nothing. and that just seems entirely circular and even somewhat disturbing >> the court expected to issue a ruling sometime in the next few months. the l.a. county sheriff says his detectives now know what caused tiger woods car crash, but he won't reveal the details just yet, citing privacy
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concerns for tiger officials tell nbc news the crash report could be released next week. tiger shattered his right leg and ankle when his suv crashed a month ago outside los angeles. he had surgery and is said to be at home in florida recovering since. opening day, all you have to do is say the words, we all know what it means, but what will it look like this time? major league baseball is expected to answer that question tomorrow fans will be back with masks capacity will vary ranging from a low of about 12% in boston and d.c. to 40,000 person full stadium in arlington, texas. the rangers the only team planning to fill her up. you'll need proof of negative covid tests in new york, there are high-tech cleaning methods in seattle and disinfecting spray drones in miami. every team has aplan they made it through spring training without interruption. on deck, a full 162-game season. fingers crossed. red sox fans have more than
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opening day to look forward to tomorrow the duck boats are coming back, like that's good the boat tours are set to start up again just a few hours before the sox and the orioles take to the field in fenway. the boats have become a staple around boston carrying its sports teams through championship rallies on land and water. 40 seconds left on a race to the finish, an eyewitness to george floyd's death breaking down in tears on the stand during the murder trial of the now fired cop derek chauvin. we also saw never before seen video of floyd inside a store leading up to his deadly encounter with police. and stick around for a cnbc special, "race and opportunity in america." it's coming up next. and now you know the news of this wednesday, march the 31st, 2021 i'm shepard smith. follow uon how'd you come up with all these elaborate backstories? glad you asked. i got help from a pro. my financial professional even explained how nationwide solutions could help mr. paisley retire early. and spend more time with his pal, peyton? right?
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