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tv   The News With Shepard Smith  CNBC  April 14, 2021 4:00am-5:01am EDT

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i'm craig melvin. thank you for watching. m m m m m m m cramer see you "the news with shepard smith" starts now people gather for the third night following the shooting death of daunte wright and at the same time curfews announced in multiple cities across minnesota. i'm shepard smith. this is the news on cnbc pause on the johnson & johnson vaccine. >> it allows us to take a look at the cases and learn more. >> the science and the concerns. plus, as covid cases rise, what this means in the race towards herd immunity. resignations the cop who shot a 20-year-old black man and her police chief both quit. tonight the victim's family together with george floyd's speaks out. >> she was crying and screaming
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and she said that they shot him. >> the prosecution rests and the defense calls its first witness. >> derek chauvin was justified. >> justified, reasonable and following police policy. day 12 in the trial of derek chauvin. challenging georgia's restrictive voting law one county commission considers suing. out of afghanistan the date for full withdrawal. capitol police officer lies in honor. violent crime surges as covid restrictions lift. live from cnbc, the facts, the truth, "the news with shepard smith. good evening one of america's three authorized vaccines has been benched temporarily. the single dose from johnson & johnson. the headline sounds rattling and concerning after all, we need all the vaccines we can get, but this is but a temporary pause we're told and the data is more reassuring than it may appear once you take the time to sift all the way through it, and that's exactly
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what we'll do right heretonight. federal health agencies are recommending the pause after six people who received the shot reported getting severe blood clots. >> safety is the important isse here we are totally aware that this is a very rare event. >> in fact, extremely werare the blood clots occur in women between the ages of 18 and 48. one woman did die and another is now critical they all developed symptoms 6 to 13 days after they god that that's according to the fda and the cdc. dr. anthony fauci reaffirms the pause comes out of an abundance of caution and that it will give health officials time to fully investigate.
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he expects this pause to last days and weeks not months. the states are shown here in red that have stopped. pharmacy chains cvs and walgreens have done the same thing. the white house says the pause will have a minor effect on the nation's overall rollout >> this announcement will not have a significant impact on our vaccination program. the j&j vaccine makes up less than 5% of the more than 190 million recorded shots in arms in the united states to date >> so in a moment i'll speak with dr. ashish zsha and the concerns about vaccine hesitancy. first, cnbc's meg tirrell breaks down what the pause will actually do. hi, meg. >> reporter: hey, shep this pause comes as more than
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400,000 people every day have been receiving the j&j vaccine in the u.s even though this is a very rare event, officials said it's important they understand it to make the right recommendations after safely administering the vaccine. the cdc's advisory committee will meet tomorrow afternoon to discuss the cases and vote on potential updated recommendations. dr. fauci today signaled what that analysis might look like. >> if they find some common denominators among the women who were involved that might be synergizing and essentially enabling this type of an adverse event, they may know that for those who don't have that, it may be much safer. >> reporter: he said one potential outcome could be a recommendation based on age, for example. now we've actually seen that in europe and the u.k. with the astrazeneca vaccine which uses a similar technology as j&j and where they've also seen rare
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cases of these same blood clots. different governments have come to different conclusions but in the u.k. they recommended people under 30 get a different kind of vaccine. these events have not been observed with the mrna vaccines from pfizer and moderna. j&j just now also saying it's pausing clinical trials as this gets sorted out. as the regulators weigh the evidence here, they also said it's important to get the word out about this very rare but potential risk because these clots need to be treated differently by doctors than other blood clots. shep >> this is extremely rare, but what symptoms should people be watching out for specifically? and for how long, meg? >> reporter: so the fda and cdc say to watch out for severe headache, abdominal pain, leg pain or shortness of breath within three weeks of vaccination. anybody experiencing those should contact their health pro provider, but they say for those who got the shot more than a
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month ago the risk is very low shep. >> meg, thank you. dr. ashish zsha. as always, thank you one in 1 million incidents no men nobody older than 48 yet full stop all the way across the board. how, doctor, is that not an over reaction >> yes, shep, thanks for having me on. you know, this is the system working. we are always extremely careful with vaccines and therapies and i understand that some people think this is an over reaction i expect the pause to last days, not much longer, while we sort out some of this information, but the key point here is this is an incrediblyare adverse event. it'sot going to affect very many people at all out of an abundance of caution we're taking a pause to find out what else we can find out. >> dr. zha, are you worried
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about the many people who were hesitant to get the vaccine deciding they won't get one for sure >> this is tryingy this makes me nervous. hopefully i won't do it. what we see is a system that's working to find even the rarest of events and highlight them that's what we have. my hope is it will actually build confidence in people that we don't take adverse events lightly and that we investigate them and are making sure these vaccines are very, very safe. >> what about this, doc? you have a j&j appointment in a week or two. keep it or try for another vaccine? >> i think right now it's reasonable to keep it. my sense is that this pause is going to get lifted by then. we may have a lot more details about who is maybe eligible for more close monitoring, maybe the vaccine is not appropriate for them we'll find out over the next few days i wouldn't do anything i'd certainly wait for the next two, three day see where the evidence is, where the data is.
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obviously if you want to switch, it's perfectly reasonable to switch to one of the other vaccines moderna or pfizer where we haven't seen this complication. >> does this have a big pi effect on normal, whenever, or wherever that is% of the >> it doesn't for america. as you heard in that last report, these represent less than 5% of the vaccines we've been giving out to folks moderna and pfizer vaccines use a totally different technology we have not seen any of these events show up for those vaccines and we have plenty of those to get america vaccinated i think this is going to be a blip on the calendar in terms of getting americans vaccinated i don't think it's going to affect the time line at all. >> dr. jha, thank you. michigan is among the states pausing j&j's rollout. health officials say this is a major setback for them just last week governor gretchen whitmer asked the white house to send more j&j shots to send more j&j shots to help slow
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the covid surge in michigan. instead, the cdc director urged the governor to shut things down which she did not do covid cases there skyrocketed over the past month and right now more than 4,000 adults are in hospitals sick with covid that's an all-time high according to michigan state data in royal oak north of detroit. how's the j& nbc's maura barrett is live outside of a hospita in royal oak north of detroit. how's the j&j pause being felt there? >> reporter: even if just for a couple of days, shep, doctors here are really disappointed about this news because michigan is in a very dire situation. they were looking for j&j vaccines to provide a more quick solution because it's a single dose and because its efficacy is only two weeks after you get that dose. so i spoke with a doctor here at beaumont hospital. he's been managing the covid floor for well over a year today's news came with some concern from him. >> the johnson & johnson vaccine was one of the big tools, one of the big weapons we had in terms
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of fighting the pandemic so to have that temporarily off the table is -- it's -- it's pretty discouraging because we really were relying on getting that single dose vaccine out to try to prevent these burgeoning numbers we've got. >> reporter: he expressed the concern about the potential for vaccine hesitancy or the drop in confidence around any vaccine at all. he also noted the reason they're seeing this surge right now in michigan is even though everyone is eligible, people aren't getting the vaccine. >> and, maura, they're also seeing this rise in children being hospitalized >> reporter: hospitalized and in cases children ages 10 to 19 lead the state with the most amount of cases. this is really shocking when you look at the numbers. there's been an increase of more than 200% in cases among children since february. 42 children currently hospitalized across the state. that's why the governor is calling for in person learning and youth sports to be put on hold that's just a voluntary restriction. some health experts pointing towards mandatory restrictions
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pediatricians said they would be more concerned about putting a halt on in-person learning because in tandem with increased hospitalizations with covid, ind they've also seen increased suicides and death among children because they're not in school. >> it's not just michigan. colorado is now in its fourth covid wave according to local health officials, the state reported more than 450 people are in hospitals now with covid, the highest number since the middle of february. cases have surged more than 60% over just the past month with more than half occurring in the state now being linked to several variants now despite the growing concern, the governor there, jared polis, still plans to ease restrictions coming up this friday. the state will let counties decide how open they want to be. public health officials warn the different rules will make it so much harder to reduce the spread of covid in colorado. two families united by
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shared grief relatives of george floyd break from the derek chauvin trial to stand with the family of daunte wright next, the latest on both cases from minnesota america's three biggest cities seeing massive spikes in violent crimes coming up in this news hour, the tough economy. not the only factor cited. and already a huge success she reinvented herself in her 50s and heads up one of the fastest growing investment firms on the planet. disruptor, economist, mom. one of the richest self-made women anywhere is with us live the facts. the truth. "the news with shepard smith" back in 60 seconds
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the officer who shot and killed daunte wright has resigned along with the police chief.
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whether the mayor has accepted the officer's resignation we don't yet know the resignation just two days after the shooting in brooklyn center, a suburb of minneapolis. the police chief said that the officer thought she was firing her taser at wright during a traffic stop for expired tags, but she drew her gun instead by mistake, he says wright's death has inflamed tensions in a community already on edge as the murder trial of derek chauvin unfolds just miles away in minneapolis. today the families of george floyd and daunte wright rallied together to demand justice. >> my nephew was a loveable young man. his smile. oh, lord, the most beautiful smile. y'all took that. my nephew's blood is on your hands. >> we also heard from the mother of daunte wright's 1-year-old child.
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>> now my son, he don't have a dad. his dad don't get to see him for his second birthday or for any of his birthdays and i'm just so messed up about it because like i feel like they stole my son's dad from him. >> daunte wright's mother described how she tried to call her son moments after the deadly shooting she said the passenger in daunte's car picked up the phone with face time. >> she was crying and screaming and said they shot him and pointed the phone towards the driver's seat and my son was laying there unresponsive. that was the last time that i seen my son. >> police made dozens of arrests last night after a second straight overnight of unrest we're able to go to ron allen live hello, ron >> reporter: how are you, shep
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>> tell us what you've seen and heard throughout the late afternoon there. >> reporter: well, the battle lines are being drawn again tonight. you can see behind me there's a big crowd of protesters who have already started gathering. they've been here for the past couple of hours and we're still some time away from the curfew that's here and in the surrounding communities. the police have reenforcements there are national guards out in front. they're very present we've seen them bringing in additional backup for the last couple of hours so things are still as tense as they have been and we'll have to see how this all plays out tonight. yes, the protesters did get something when the officer resigned and the chief resigned, but they certainly want more they want to see criminal charges filed and we may know more about that as soon as tomorrow the prosecutors here said they are likely to make a decision about whether they will charge the officer criminally or not. yesterday was a day of listening to the families, the wright family, joyce floyd's relatives as well. i did the interview with the
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mother of daunte wright's son whose name is also daunte, little boy who will be 2 sometime this summer just heartbreaking to hear these personal accounts. the very personal account of how she feels that he -- his father was robbed from him, his life is changed forever and how important it is for a young black boy to have a father figure, particularly given all that's going on around here. so we'll see how this goes tonight again but, again, a lot of tension a lot of anger and resentment still and the crowds moving off but continuing to grow as night falls here. shep >> ron allen, back to you should news events warrant. thank you. well, it's now the defense's turn to call witnesses and make their case in derek chauvin's murder trial chauvin's defense team put their own use of force expert on the stand, and that use of force expert testified that the now
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fired minneapolis cop's actions were justified and that derek chauvin's knee on george floyd's neck was not a use of deadly force. during a tense cross examination, the defense's expert insisted that george floyd was resisting and non-compliant while he was pinned beneath several officers and struggling to breathe. >> what part of this is not compliant? >> i see his arm position in the picture that's posted. >> right. >> that a compliant person would have both of their hands in the small of their back and be resting comfortably versus he's still moving around. >> did you say resting comfortably? >> or laying comfortably. >> resting comfortably on the pavement >> yes >> at this point in time when he's attempting to breathe by shoving his shoulder into the pavement >> we'll ask about that in a moment the defense expert's testimony was in stark contrast from what we heard from the prosecution's witnesses, as is often the case, including the police chief of minneapolis who said chauvin
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absolutely violated policy here's nbc's jay gray. >> put them on your head >> reporter: the defense opens with this police video, george floyd, the passenger during a traffic stop in 2019 >> don't you jerk away from me. >> the officer at the time, scott creighton, he's the first witness. >> the passenger was unresponsive and non-compliant to my commands. >> he told him to undo his seat belt, correct? >> that's correct, yes, ma'am. >> and he did that, right? >> yes, he did. >> the prosecution during cross quickly and directly pointing to a difference between the stop and the day floyd died >> mr. floyd didn't drop dead while you were interacting with him, correct >> no. >> thank you >> your honor, the defense calls peter chang. >> calling officers and a paramedic to the witness stand, the defense gets straight to key elements of its strategy floyd's health and drug use.
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>> he told me that he had been taking multiple like every 20 minutes. >> and that a growing crowd was hostile, a potential threat and distraction to derek chauvin the day floyd died. >> they were very aggressive aggressive towards the officers, yes. >> his lawyer beginning an aggressive defense centered on their contention it wasn't chauvin's knee but those outside factors that led to floyd's death. >> reporter: now obviously the perspective in this trial has changed dramatically, but the pace has picked up as well, shep in fact, the defense could rest its case by the end of this week >> jay gray, thank you david henderson now, civil rights attorney. former prosecutor, cnbc contributor. david, thank you you saw that sound bite. you saw that witness saying resting comfortably on the pavement what effect does that have does that raise doubt or does that cause a head shake?
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>> i think it depends in which jurors we're talking about, shep i think it drives a wedge straight through the jury panel, if there is one to be driven, because the people that appeal to have already had their minds made up. that's one rule i'd generally say is true in a courtroom you don't change people's minds. you appeal to something they already believe in you have to believe george floyd had it coming to be persuaded by that testimony. >> the defense definitely dug deeper into george floyd's past today. it's a strategy, you know, some would employ it, some wouldn't did it work? >> again, i think it only worked with people who already find that persuasive. i find digging into the past to be deeply offensive because we recognize in other contexts that that's wrong if someone's sexually assaulted, their sexual history is irrelevant to whether or not they're harmed the same is true of george floyd. they said it relates to cause of death, but that's ridiculous they just want to portray him as a big guy who's used drugs in the past
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>> on the other matter of the day, the police officer who shot and killed daunte wright in brooklyn center has resigned there are reports she could be charged later this week. we can't confirm that. but if there are charges, what would you expect in that case? >> if there are charges, i think you would expect a version of manslaughter charge. i think that's very unlikely here and the real issue is that we're suffering from a crisis of leadership in so many ways in american life. the fact that she resigned as opposed to being fired, it loses trust and faith from the community that you're trying to restore and make whole again they really should have fired her because regardless of what the charge is, a young man is shot who shouldn't be. it would have at least let this community know you're trying to do the right thing >> david, thanks so much steps taken towards the first lawsuit against georgia's new voting law a business boycott still on the table. but there are some companies that absolutely will not be shutting down because executives say it will do more harm than good and a san diego zoo keeper
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georgia's new voting law is now facing a legal fight from one of its own state's counties. fulton county says they will challenge the law to protect their citizens and their voting rights. >> this is not a north fulton or south fulton, white or black, republican, democrat this is a fulton county vor protection resolution. >> they take issue with the restrictive parts of the law, like the ban on mobile voting units, which they say helped thousands vote in the last election meanwhile, faith leaders in georgia are amping up the calls to boycott, meeting today with
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atlanta-based companies including coke, home bedepot an others pushing them all to speak out. now attention turns to hollywood. julia, we reported yesterday, will smith is pulling production of his apple tv movie out of the state. but is hollywood all in? >> no, shep. in fact, 57 film and tv productions are currently under way in georgia and they may not follow smith out of the state. a number of companies have criticized georgia's legal change, saying they believe in voter rights but after so many delays due to covid, studios are under pressure to avoid further disruption tyler perry, who owns a massive production facility in georgia, as well as voting rights advocate stacey abrams have both urged studios not to boycott. >> black, latino, api and native
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american voters whose votes are most suppressed sunday sb 202 are also the most likely to be hurt by potential boycotts of georgia. to our friends across the country, please do not boycott us to my fellow georgians, stay and fight, stay and vote >> and productions are indeed important to the state from july 2018 through june of 2019, studios fell $3 billion in georgia. that number fell to $2 billion the following fiscal year. now, all of that spending is more reason the studios don't want to leave. they have been investing in infrastructure such as disney and they've also built up a trained worker base, which many other states, shep, just don't have >> julie boorstin, thank you big cities, new york, los angeles, others suffering through a large spike in murders and rapes since the beginning of the year up next, the numbers and the factors driving violent surge.
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president biden set to announce the withdrawal date for all remaining american troops in afghanistan. tonight the split reactions from capitol hill. and radioactive water. treated and accumulating for years in tanks in japan's wrecked fukushima nuclear plant. now as room in the tanks runs out, a decision on what to do next
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>> i'm shepard smith on cnbc. it's the bottom of the hour. time for the top of the news. for the second time this year a capitol police officer lies in honor as the people he worked to protect pay last respects >> he was defined by his dignity. housing bubble, could it burst? how high to go in a home bidding war. those among the top internet searches answers coming up. and america's longest war finally coming to an end president biden set to announce tomorrow his plans to withdraw all american troops from afghanistan and now we know when, september the 11th, 20 years after the attacks of 9/11. the decision met with mixed reaction on capitol hill in a statement the vermont senator bernie sanders who campaigned on a draw down wrote he applauds president biden for making the brave and right decision the new hampshire senator jeanne shaheen, a democrat, said she's very disappointed by the president's decision in a tweet she wrote the u.s.
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has sacrificed too much to bring stability to afghanistan to leave without verifiable assurances of a secure future. her republicans colleagues also divided. >> the whole idea was it's ludicrous. >> as far as afghanistan withdrawal, i'm glad to see us moving out. >> i think a random withdrawal just because you're celebrating an anniversary is not the right decision >> if we're ready to go, i'll be supportive if we're not ready to go, i'll be making that clear. >> but how do you know the withdrawal of troops has been a long time coming. in 2001 the u.s. invaded the country a month after 9/11 nearly a decade later military presence in the nation hit i highest point, nearly 100,000 troops in 2014 former president obama announced a timetable for f moss and last november the trum withdrawal of most u.s. forces and last november the trump administration announced it would cut troops in the country to 2500.
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now by september there will be, if it holds, no troops in afghanistan. the war has taken a heavy toll since 2001 more than 20,000 soldiers were injured in combat. more than 2,000 killed michael o'hanlon senior fellow at the brookings institution. michael, good to see you there are no conditions needed for this withdrawal. the white house defends that by saying a conditions based approach means you'll stay in afghanistan forever. fair point >> well, shepherd, we haven't given the peace process a serious chance as you'll recall, it really began with president trump's february 29 decision of last year, the peace accord with the taliban, at least the first step towards a possible accord. and all that did was start the clock ticking on negotiations which had barely begun so to me even though we're 20 years in, we are about 1 or 2 months into a serious peace process and i think it's premature to give up on that because pulling out means the taliban will feel they have the upper hand they will have the upper hand
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and they won't be in the mood for any kind of compromise protecting women's rights or protecting the peace process so i'm quite flummoxed by this decision even though i understand the frustration, we should have given the peace process a serious try and that would have required staying at this modest level, 97% less, shepherd, than where we had been at the peak. we've only got about 3,000 u.s. troops in afghanistan today. that was and is a sustainable level to support a peace process. i think it's a mistake by the biden administration >> michael, awe know, you and i were together on the news two decades ago. you wrote for brookings in may of '02 that the effort was a master piece of military creativity and finesse u.s. leaders devised a plan for using limited american power in conjunction with the afghanistan opposition to over throw the taliban and deprive al qaeda of its sanctuary and leave its surviving leaders running for their lives.
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how do you feel about where we are now? >> well, just to show that this is a bipartisan problem, i do think the bush administration was quite creative in that initial effort, but i think the diplomacy may have failed thereafter and certainly the effort to stay focused on afghanistan when the iraq war happened was squandered. and so, we did not build up the kind of afghan army or police that could withstand the return of the taliban the problem began in the bush administration president obama tried to respond with a big surge after the surge had worked in iraq but it didn't work as well in afghanistan. ever since then we've been essentially going for a sort of semi success, or at least mitigating our losses. but let's face it, there has not been another big attack on america since 9/11, emanating from that part of the world an that has to count for something. i think we risk throwing that away with a rapid departure that happens so abruptly in a way that others really did not expect and that really pulls the carpet out from under the peace process.
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no, i don't feel very good about this decision today. >> you know, the new argument after a series of arguments is that it's time to focus on 2021 threats like china, not ones from 2001. is now the time to move on from the sort of post 9/11 mind-set >> well, yes, but i think we've moved on already by reducing fo in forces in afghanistan by 97% so we have 3,000 forces or 3500 in afghanistan we have about that same number in iraq. we have 1,000 in syria we have a few thousand in each of the other middle eastern countries. this is not ideal but it's a pretty good way to manage troublesome region compared to the alternatives either a huge military operation like we saw 10-15 years ago in's and seeing 9/11 happen so t iraq and afghanistan, or pulling
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out entirely like we did in the '90s and seeing 9/11 happen. so to me i've been comfortable with this notion of a few thousand u.s. troops in a number of middle eastern countries trying to help indigenous forces get better this war. especially by a deadline that , doing counterterrorism strikes when necessary. and i think it's a sustainable strategy we don't need to be so impatient to end this war. especially by a deadline that makes no particular symbolic sense, 9/11. what does that mean? does that mean we're trying to honor the victims of 9/11 by being out by then. does it mean that we're only have two decades of patience on a military campaign, and i don't get that symbolism it doesn't square strategically with american national security interests. >> on the other matter of the day, iran, nuclear, enriching, 60%. what do we do? >> yeah, i think president biden's going to have to make a decision on this so far he's been trying to have it both ways, making it clear he wants to return to president obama's deal not really wanting to quickly reverse president trump's decision you know, iran's got some cards
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to play here, too. my own view is on this one actually biden does have the ability to be a little bit patient and to get a better deal than we've had in 2015 and to have a longer deal anyway. maybe not a better deal but a longer lasting deal but i worry that, you know, if we're just making decisions motivated partly by domestic politics it's going to be hard for the president to do that because there will be adamant republican opposition in anything he does so, again, i think the afghanistan decision suggests a little bit too much politics in the national security decisionmaking process and i hope that won't apply to iran as well. >> michael thank you. a volcano eruption rattles the caribbean again as we go around the world on cnbc st. vincent sendin st. a series that began on
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friday so far no reports of deaths orvs some 16,000 residents have souf dense clouds of hot gas and ash into the air this morning's eruption the latest in a series that began on friday so far no reports of deaths or injuries some 16,000 residents have already evacuated. a seismic research center projects the explosions will continue for days, even weeks. japan, the government deciding to release into the ocean more than 1 million tons of treated water from the fukushima nuclear power plant there. water has been accumulating in tanks ever since the earthquake and tsunami ten years ago. the plant's storage expected to reach capacity the first water release could happen in two years. it will take at least 30 years to complete the process. opposition is fierce fishermen, residents, leaders of neighboring countries all expressing concerns. japan's prime minister says it's the most realistic option. saudi arabia muslims performing socially distanced prayers in mecca marking the first day of ramadan. the small square is called the kaba it's usually packed with worshippers, but this year strict covid restrictions are
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limiting the number. saudi authorities allowing only individuals who have been vaccinated or who have recently recovered from the virus a sn a surge in violence and violent crime across three of america's biggest cities new stats here new york from march through april the 4th, nypd officials say shootings surged 95%, homicides 60%, rapes unprecedented 54% all compared to the same time last year when the city was largely in covid tumbleweeds. in chicago, from january through march, officials say murders are up 33% compared to 2020. shootings are up nearly 40%. in los angeles from january to the middle of march, homicides are up nearly 30% from last year some experts point to a number of factors, including the tough economy, while police chiefs say their budgets are being slashed. an update now on our top story from the news last night
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a knoxville, tennessee, police officer now recovering after being shot at a high school yesterday. his name is of adam wilson, 20-year veteran of the force investigators say he confronted an armed student who was holed up in a bathroom at austin-east magnet school there. investigators say when officers entered the restroom the student opened fire and that's when officer wilson was hit officers returned fire and killed the student the school no stranger to gun violence in fact, four other students from this school have been shot and killed just this year. according to local reports, in january a teenager accidentally shot 15-year-old justin taylor investigators charged the subject with criminally negligent homicide in february two teenagers were charged with shooting 16-year-old stanley freeman jr four days later 15-year-old freshman shot outside her home, no suspect identified and
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15-year-old jamarion gillette, inspiring rapper and entrepreneur shot and killed in march. no arrest made in this one either the shootings have shaken the community. east high has sai austin-east high has announced students can only use clealence prevention the superintendent announced the school will be closed for the next two days. when our next guest says buy, investors sayr how much. bag or mesh backpacks so they can't hide anything inside the knoxville city council is spending $1 million on violence prevention the superintendent announced the school will be closed for the next two days. when our next guest says buy, investors say how much. cathie wood, one of the top stock pickers in the world and a trail blazing ceo so what's her secret and what's the next big thing? i'll ask her next. but, first, capitol police officer billy evans lying in honor today. the second officer in two months to receive final respects under the dome of our capitol. on february 2nd a ceremony for officer brian sicknick
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he was killed during the january 6th insurrection nobody's been charged. officer billy evans killed less than two weeks ago he was standing in front of a et steel barricade near the senate office building when a man deliberately rammed his car into that barricade today mourners filed into the nation's capitol ♪ ♪ ♪ capitol police officers are approached by hundreds capitol police officers are
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approached by hundreds of lost tourists a day if you were one of the lucky ones, you'd bump into officer billy evans. >> officer billy evans was a hero whose life was distinguished by dedication to our country. >> summing up his life's mission in those four simple words how can i help >> on april 2nd officer evans answered that call in giving his life to protect the capitol and our country. >> he's defined by his dignity, decency, his loyalty and his courage. >> he represented the best of public service, selflessness, sacrifice. >> your son, your husband, your brother, your dad was a hero and he's part of you he's in your blood ♪
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so we kind of try to stay in our lane on this newscast, meaning even on cnbc we leave etfs and the ipos on the day first in business day first in business worldwide. but every once in a while a story from their world really catches our eyes like cathie wood she's the founder and ceo of arc investment if you're a big investor yourself, you likely know who she is if you aren't, you should. because she's a disrupter. she's shaking up the investment world. think kind of warren buffett but for the gamestop reddit generation maybe cathie wood sees the future before the street does she focuses on company and tech that she believes will transform our world. for example, she bet heavily on
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tesla years ago and that worked out very well. the stock is up 450% over the past year. her investment strategy and leadership led ark to post 170% return last year some of the best numbers in all of money management, an industry still dominated by men cathie wood is our guest now thank you so much. it's nice to meet you. >> i'm very happy to meet you, shep thanks for having me >> you know, my uneducated business self would say you seem to bet on companies, not so much per se as you bet on the world changing do you ever worry you're too early or too optimistic? >> well, actually, the way we run our research, and research is the key to our success, we focus on -- it's called wright's law. it's a relative of moore's law in the semiconductor industry just giving us a sense of how
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quickly costs are going to decline associated with new ally good technologies and it gives us a really good idea when different layers of demand are going to increase i'll just give you a quick example. electric vehicle sales are exploding. we think they'll go up 80% on average per year over the next five years why? >> wow >> because the costs have dropped to a low enough level and the total cost of ownership today is lower than that of gas powered vehicles so we're going to see exponential growth in the auto industry for the first time in 100 years. >> wow so given that, what's next in the mind of cathie wood? cathie ? >> well, i think, you know, we've -- tesla absolutely is still next because -- >> i mean other sectors. other big stuff. >> other sectors yes. well, we're very excited about
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digital wallets. so square's cash app and paypal's venmo are leading the way here in china it was we chat pay and ali pay. we really think that these digital wallets and two-sided marketplaces, merchants and consumers on both of them are going to usurp a lot of the role the banks play going mobile a little bank branch in your fil services available through them including loans, pocket or your pocketbook and we're going to do -- we're going to have all kinds of financial services available through them including loans, debit cards, stock buying, bitcoin buying so we think that's a huge, huge trend out there. we also think genomics in the health care space. we for the first time thanks to dna sequencing, again, costs have come down low enough, dna sequencing is going to introduce
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science into health care decision making for the first timeat until we can honestly say that until now more than half of all health care decisions were in some part made through guesses or experiences. now we're going to have the data what has mutated in your genomic profile? what in the 6 billion bits of code in your genome, what's gone wrong? it's like the needle in the haystack what's gone wrong? for the first time we'll be able to identify exactly what's gone wrong and with crisper and other gene editing technologies and e gene therapy along with artificial intelligence so it's this convergence of dna sequencing and genomic editing
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and we're going to be able to cure diseases that would we would never though it would be possible to cure, including cancer >> wow >> certainly we'll be able to discover cancer in stage one a lot of companies in vite, exact sciences are helping us do that if we're able to discover where the mutations are, now the technologies are coming along that will be able to cure them. >> in stage 1. >> that's the next big thing yes. >> that's incredible i'm so short on time you know, like other trail blazing women, you're a very successful leader. in an industry that's really led almost exclusively by men. what have you had to overcome to get from where you were to where you are? >> well, you know, i've -- to be honest, i've loved being a woman in this industry it's an incredible industry. the world is our oyster. i remember entering the industry in los angeles at capitol group and saying, wow, i get to learn and i'm paid for learning? this is amazing. what happened to our industry,
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however, is it's gone passive which is the opposite of the industry i joined. we're trying to bring active back into the equation because the changes we're seeing from the innovation platforms evolving today, so profound that we really need real research. >> and you're getting it cathie wood, i can't thank you enough for the time. >> thank you. >> hope to see you again very soon and all the best. >> thank youst in business worldwide so remember, at first in business worldwide so you're buying or selling, doesn't matter, the housing market is a really hot topic especially on google next, we get some answers to the questions burning up your keyboard and a bombshell report about congressman matt gaetz under investigation for sex trafficking. the brand-new reporting tonight that one of his closest associates has been talking to the feds for a long time ♪ ♪
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so here's the major development in the sex trafficking investigation into the republican congressman matt gaetz of florida "the new york times" just now reporting that one of gaetz closest associates has been cooperating since last year with the justice department and has the associate is joel gree given the department information about congressman gaetz. the associate is this man, joel greenberg, former county tax collector in seminole county, florida. he's been charged with sex trafficking and other things the "times" reports greenberg told investigators that he and mr. gaetz had encounters with women who were given cash or gifts in exchange for sex. knowe housing market is red hot, right? demand off the charts. prices rising.
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its fastest pace in 15 years is the market too hot? overheating? a bubble as they said. apparently a lot of you are asking that same question. we know because you've googled it a lot cnbc's diana olick now diana, what are people worried about? >> shep, they're worried we're going to see the se thing we've done over a decade ago when faulty subprime mortgages brought the market down. the search, when is the housing market going to crash spiked 2450% in the past month. why is the market so hot searches doubled in just a week last week. how much over asking price should i offer on a home in 2021 that jumped 350% that last search is the most telling why the market may b congressman gaetz has denied all allegations against him. he has not been charged with any crime and has vowed to fight any and all charges that may come. well, we all know that the housing market is red hot, right? demand off the charts. prices rising. its fastest pace in 15 years but is the market too hot? is it overheating? a bubble as they said. apparently a lot of you are asking that same question. we know because you've googled it a lot cnbc's diana olick now diana, what are people worried about? >> shep, they're worried we're
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going to see the same thing we've done over a decade ago when faulty subprime mortgages brought the housing market down. some homes losing half their value. the search, when is the housing market going to crash spiked 2450% in the past month. why is t marso hot searchesbledjust a week anhow much over asking price i sh i offer on a homein 2 that jumped 35 last search is the most telling whthe market may be in a bubble prices up just over 10% year over year according to core logic because demand is so strong and supply at a record low. 42% of homes are selling for above asking price above red fin, hence the surge in overpaying buyers are bidding as high as they can to get what they want. >> what's the answer to the question, is the housing market going to crash >> well, the short answer is no. mortgage rates are now rising and that cuts into what buyers can afford and take some heat out of prices. mortgage applications are also down in addition, unlike the last time around, mortgage underwriting is very strict so homeowners can actually afford their payments no matter where prices go, shep? >> they're going to cool how much and will some homes actually lose value? >> well, most experts expect price appreciation to slow down by this summer, but all real estate is local as you know. some markets, especially the hottest ones now, could see prices fall slightly many of those in the west like idaho, washington state, arizona where californians have flocked during the most recent exodus. markets with less heat in them now like chicago, houston,
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orlando and pittsburgh, they may see strong price gains >> diana olick, thanks so much 40 seconds left on a race to the finish cdc and fda urging states to temporarily stop using the johnson & johnson covid vaccine over blood clot concerns in six women. the officer who shot daunte wright has resigned along with the police chief in brooklyn center, a suburb of minneapolis. the chief said the officer thought she was using her taser on wright during a traffic stop for expired plates and pulled out her gun instead. now you know the news for this tuesday, april 13th, 2021. i'm shepard smith. see you back here tomorrow ♪♪ ♪ i will stand for you ♪ ♪ would you stand for me? ♪ ♪ everybody deserves ♪ ♪ to be free ♪ ♪ and i will lend ♪ ♪ a hand to you ♪ ♪ would you lend a hand to me? ♪
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♪ everybody deserves ♪ ♪ to be free ♪♪
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♪ it is 5:00 a.m. at cnbc google headquarters. here's your not 5@5:00 more johnson & johnson fall out as regulators issue more guidance on that now paused vaccine. investors bracing for a wave of bank earnings, jpmorgan chase, wells fargo, goldman sachs kicking off news today history at the nasdaq as coinbase appears for the debut >> the archegos saga as credit


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