tv The News With Shepard Smith CNBC November 12, 2021 7:00pm-8:00pm EST
fabulous companies over the course of the next 18 months it's worth the wait. i like what these people are doing. i also like to say there's always a bull market somewhere, and i promise to try to find it just for you here on "mad money. i'm jim cramer, see you monday from san francisco the news with shepard smith starts now good news for britney, bad news for bannon. this is "the news" on cnbc britney spears, finally free her conservatorship, over. a rush of legal action after the concert stampede that killed nine lawsuits piled up. and more victims describe the
chaos. >> i realized i had to get out of there. >> detoxing the shot. the new misinformation spreading online. the new january 6th investigation. steve bannon indicted. mark meadows, a no-show. will trump's former chief of staff also be charged with contempt j&j's plans to split the company up. taylor swift makes all songs new again. live from cnbc britney spears is free a federal judge ordering an end to an almost 14-year-long
conservatorship. the 13-year arrangement gave guardians like britney's father and a bank control over her life decisions and money. jamie spears saying everything he did was in his daughter's best interests but the pop singer said she couldn't take a break from work, couldn't get married, couldn't have a baby. effective today, that's all no more scott cohn is outside the courthouse. >> reporter: free britney became a global movement. and now they couldn't be happier. >> she can live her life the way she wants to live it
>> i'm speechless. it's been a long time coming i've been yelling about this since i was 14 years old. >> reporter: here's britney on twitter in the last hour freed britney, the new hashtag i love my fans so much her attorney addressed the crowd, saying this win is about more than just one very famous conservatee. >> they're looking at this conservatorship and conservatorships generally with an eye toward passing legislation to ensure that people are not abused. >> reporter: the turning point game in june with britney's extraordinary testimony by phone about what she called an abusive conservatorship, controlling everything from her rehearsal schedule to her birth control.
in september, her father's conservatorship was suspended. no comment yet from that camp today. and matthew rosenguard says he wants answers from jamie spears, from britney's management firm, and others about the money she's worth some $60 million, there's a hearing on that scheduled in january what is next for britney spears? well, a wedding most likely to her fiancee, and fair to assume more music but she tweeted today that for today, the rest of the day she will be crying all day long. >> scott, thank you so much. danny savalos joins me >> i was expecting the judge to
terminate the conservatorship of britney's person, but leave in place the conservatorship of her estate but it's a clean slate, and britney is, as they would say, free. >> if both britney and her father wanted to end the arrangement, why did it take so long >> they're not the only factors. the court must be satisfied that the conservatee is safe. the court needs more, it got more. >> wow does it mean anything, i would imagine it has to, for other legal challenges to conservatorships around the country? >> it does and this has raised the issue of how do you re-evaluate a conservatorship at the end of
life this is a teachable moment where all the states can think about what do we do when folks get better and want to get out >> and scott mentioned, now her lawyer is going after the money. tell us what to expect as this fight continues. >> initially, i thought this was just going to be a bargaining tactic to get jamie spears to the table. but it appears today that britney's attorney will continue to look into themanagement or maybe alleged mismanagement. jamie will sit down under oath and discuss what exactly he did with the money. >> everybody will be watching for more details danny, thank you. britney spears' battle is jump starting a wave of reforms
for conservatorships across the country. in california, they can choose their own attorneys. they can also have greater oversight to financial conservatorships and in new jersey, it's limited to who can petition for someone to be placed under a conservatorship. new me new mexico creating a new -- and oregon giving free legal counsel to anyone under a guardianship and other states working to create an alternative to full guardianships, allowing people more control over their lives. steve bannon has been indicted by a federal grand jury for contempt of congress two charges from the department of justice, one for failing to
appear for a deposition, and another for failing to hand over documents. he claimed he was covered by executive privilege, and this indictment is a first in that regard no one has ever been prosecuted for contempt of congress after claiming executive privilege bannon is expected to turn himself in and appear in court on monday. this, as another close trump adviser, mark meadows, he was a no-show for his deposition today. sahil kapur covers capitol hill. what is the response to the indictment >> reporter: the committee is showing its teeth. bannon could be looking at up to two years in prison if the maximum penalty is thrown at him. the two leaders of the january 6th committee put up a statement. they say steve bannon's indictment should send a clear
message to anyone who thinks they can ignore the committee. no one is above the law. we will use the tools we have to finish the investigation we need and this comes on the same day that mark meadows was a no-show at his deposition. after the bannon indictment came out, they appeared to be giving meadows one last chance to cooperate, saying they would consider the same penalty to bannon or other proceedings. they could go the civil route. that could take a long time. but the benefit of that, you force and compel the testimony there is a law that allows congress to have the sergeant at arms, the law enforcement officer, haul the person in and detain them in the halls of
capitol hill one way or another, this committee is trying to make clear, no one can get away with not responding >> and what about the issue with the documents from president trump? >> an appeals court has put that on hold temporarily. that's expected to happen later this month and that case is likely headed for the supreme court, and they'll likely have the final word there is almost certain to be an appeal call records, visitor logs, things the committee believes are essential. >> sahil, thank you so much. in a newly released interview, former president trump defending rioters who chanted hang mike pence.
it's from an interview conducted at mar-a-lago back in march. mr. trump said it was, quote, common sense for rioters for them to call for pence to be hanged. >> were you worried about him? >> no, he was well protected and i had heard he was in good shape. i had heard he was in very good shape. >> you heard the chants, that was terrible. >> the people were very angry. >> they were saying hang mike pence. >> it's common sense, jon, it's common sense that you're supposed to protect -- if you know a vote is fraudulent, how can you pass on a fraudulent vote to congress >> according to the former president's own administration, the 2020 election was the most secure in american history and there was no evidence of any widespread voter fraud more legal fallout following
the astroworld tragedy in texas. lawsuits piling up as more victims talk about the terrifying scene. former coach jon gruden suing the nfl. who he blames for what he calls his forced resignation. plus, a record number of americans quitting their jobs. is the great resignation picking up more momentum ♪ ♪ ♪ ♪ ♪
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life never know that you would buy a ticket, and it would be -- i fell to the ground if it wasn't for my brother, i probably wouldn't even be here today. >> we're hearing from travis scott's attorney he told "good morning america" that the rapper truly did not know what was going on. >> he's up on the stage, he has flash pods going on around him, and an ear monitor with music blasting through it, he can't hear or see anything. >> the attorney said the rapper only fully understood what happened the next morning. >> the judge in the case
involving kyle rittenhouse >> your raising the risk of conviction although you are, you're avoiding the possibility that the jury will end up compromising on the more serious crime. >> he's charged with gunning down two men and wounding a third with an ar-15 during racial justice protests in wisconsin last summer. he insists he was there to protect the community from r rio rioters, and shot the men in self-defense but prosecutors painted him as a reckless vigilante. and jon gruden is suing the nfl and commissioner roger goodell. accusing the league of trying to destroy his career by releasing
private emails in a statement, his attorney wrote, there's no explanation or justification for why gruden's emails were the only ones made public out of the 650,000 emails collected in the investigation of the washington football team. an nfl spokesperson says the league will vigorously defend itself against the claims. and more than two-thirds of americans have received at least one covid shot right now, there are groups on social media urging people to try and undo their vaccines. some are pushing unproven and potentially dangerous methods. experts say it's just not possible to detox your body from a covid shot here's ben collins
razors and syringes are what they're talking about. >> reporter: yes, people are using cupping methods to try to get the vaccine out. doctors are saying, once it's in your body, it's in your body, you're vaccinated. but people are filling baths up with borax, the cleaning agent, the detergent, and trying to find ways to get the vaccine out of your body in that way so this is kind of going viral on tiktok right now. that's what that is about. >> tiktok is not an american company. what kind of response should we expect >> reporter: tiktok has tried to take down some of the videos but people can duet them on tiktok, it's a way for other users to add ingredients, to tell people various different ways that they've been personally trying to detox from this so the moderation there is not
very good. it's spread over to other places like facebook and mewe as well. >> and these discussions and methods have been around before covid, this has just thrust them into the spotlight, right? >> reporter: yes previously, they used actual bleach, to try to detox the body there are detoxes that are fine. you can take zinc, drink as much juice as you want. but you'll still be vaccinated. >> experts say this could be a silver lining. what is that >> they're still vaccinated. people are getting vaccinated, going home, taking baths that may make them itchy, but they're still getting vaccinated.
>> thank you the climate conference in glasgow wrapping up. and the final details are being wrapped up as some countries ask for more. and johnson & johnson is splitting up who is getting what, and how long will the breakup take to be a thriver with metastatic breast cancer means asking for what we want. and need. and we need more time. so, we want kisqali. women are living longer than ever before with kisqali when taken with an aromatase inhibitor or fulvestrant in postmenopausal women with hr+, her2- metastatic breast cancer. kisqali is a pill that's significantly more effective
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delegates are working around the clock to get a deal done some climate pledges have been achieved, but some crucial ones have not in glasgow, here's diana olek. >> reporter: the negotiations were ongoing early this morning. as the frustration and fury was wrapping up. >> we have to live up to the expectation of young people who don't want this place just to be a place of words. >> reporter: a draft of the final decisions was released with some progress and some disappointment it leans in to the 1.5 degree celsius limit as a goal, but holding to 2 degrees given the countries' emission reduction targets, global warming is on pace for 2.4
degrees. that's called catastrophic the draft calls on nations to accelerate the phasing out of coal power >> it's never been mentioned the concern is that the language won't stay. >> how can we possibly, knowing what the evidence is, be wishy-washy on that subject? >> reporter: the document marks new deadlines. requesting that countries make new commitments. on adaptation financing, it urges a new date of 2025 there's no firm language on
rules for the carbon credit markets. those talks detrailed two years ago, and were largely why that conference was ruled a failure. buckingham palace confirming that queen elizabeth will attend a service this weekend the 95-year-old has been resting for almost a month because of a doctor's order prince charles said his mother was doing all right. curing the pandemic, people in somerville, massachusetts, turned to an 11-year-old dog named sparkle. visiting her and now she's in need of some comfort of her own. a 14-year-old girl who went missing in new jersey found
safe her mom had pleaded for her to be found now she's been arrested and is facing charges. kevin strickland spent 47 years in psorin for a crime he says he did not commitment and now prosecutors agree. like many people with moderate to severe ulcerative colitis or crohn's disease, i was there. be right back. but my symptoms were keeping me from where i needed to be. so i talked to my doctor and learned humira is the #1 prescribed biologic for people with uc or crohn's disease.
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one will focus on household products, and the other will handle medical equipment and prescription drugs, as well as the covid vaccine. the announcement comes days after general electric reported it will soon separate into three companies. here's meg terrell. >> reporter: band aids, listerine, and that iconic baby shampoo, part of a $15 billion business that is being separated from j&j. >> for some of us, there's a little bit of an emotional tug that it won't be j&j stuff anymore. >> reporter: the company says the split will allow each unit
to focus better. >> we want to create two global leaders that has great potential today. but very strong plans for the future and the consumer business with iconic brands. >> reporter: brands like tylenol. when seven people died after taking tylenol that was found to be laced with cyanide, j&j pulled millions of bottles from shelves. but the brand has last some luster in recent years j&j has fought both sets of claims, and is trying to separate the body powder company
into a subsidiary. it won't be j&j anymore, but the products are likely to change. >> if you like listerine, if you like tylenol, you'll continue to like it. you probably won't notice a big difference. >> meg, thanks. americans quitting their jobs in record numbers that's what is topping cnbc's on the money. t a report 4.4 million americans quit their jobs in september with many americans demanding greater pay and flexibility. the s.e.c. rejecting a big coin etf, saying the exchange didn't do enough to demonstrate it could prevent fraudulent
trading and protect investors. and when it comes to wine, the label makes a big difference a food psychologist found a picture of a french chateau is most likely to convince shoppers that it's fancy. the s&p, nearly 34 the nasdaq up 157. i'm kelly evans in for shepard smith tonight. here's what's making "the new new news..". >> gone girl, found. >> inflation concerns. president biden meets with his
cabinet. but first, the legal battle that could lead to one man's freedom after more than 40 years behind bars we're waiting for a judge to decide the fate of a man convicted of shooting and killing three people kevin strickland has always argued he's innocent, and now prosecutors agree, and they're asking the judge to right a terrible mistake but the state's attorney general says he believes strickland is guilty valerie castro has more. >> reporter: strickland was 18 years old when he was arrested for the triple murders hearings inside a kansas city courtroom before a judge who will decide if he should be set free the only survivor of the shooting told family members
that she had identified the wrong man, and claimed detectives had forced her to point the finger at strickland ye >> she just, you know, she just said, we need to get this guy out. he spent all the time in jail. he needs to get out. >> two other men were also convicted of the crimes, and insisted strickland was never at the scene. he sought help from several innocence organizations, and a rally was held in front of the attorney general's office this summer he also gave testimony this week >> had absolutely nothing to do with these murders >> have you ever stopped trying
to be exonerated >> no, and i never will. >> the attorney general's office maintained there is still evidence linking him to the crimes, and he said he would never plead guilty to something he didn't do the judge is expected to rule on this any day. >> incredible. 43 years valerie, thanks. an update on a story we reported earlier this week about a missing girl in new jersey the 14-year-old found safe in new york city. her mother, arrested, accused of child endangerment she and her brother have been remove from their mother's custody. she was not enrolled in any school when she went missing about a month ago. she said she stayed in a shelter in brooklyn before cops found her. her mother has yet to comment publicly about the charges.
winter, a dolphin who inspired two popular movies, has died in florida after a battle with intestinal issues officials say medical staff tried everything possible to save her but in the end, she died in her caretaker's arms winter was always a fighter. in 2005, she lost her tail after getting tangled up in a crab trap off the coast of florida. medical staff later installed a prosthetic tail to help her swim then she became a movie star, officials say they'll hold a memorial for her next week she was 16 years old. meanwhile, near boston, the city of somerville, massachusetts, is fighting to keep its sparkle, in this case, an 11-year-old dog
her owners say it's sparkle who needs love, and the community is stepping up. >> reporter: it seems everyone on elm street knows sparkle. a celebrity in somerville, massachusetts. >> that's a good dog. >> reporter: the 11-year-old even gets fan mail. >> from naomi to sparkle, november, i love you >> i came out here one morning, and sat down to drink my coffee. she just came and nuzzled up to me it's comforting. >> it's been a regular thing for quite a while. >> reporter: david booth is sparkle's dad. >> when covid hit, we realized she had all these friends in the neighborhood. >> reporter: how often do you come down here >> probably 4 or 5 times a week. >> reporter: when the world shut down, her yard was wide-open. >> she's royalty. >> reporter: a sign in the front
yard is an introduction. >> she wants attention which is fine. she deserves attention >> reporter: last week, her mom put another sign out front. >> sparkle has cancer in her upper jaw, which sadly cannot be cured. i remember sitting in the room with the vet i was sitting on a bench and i just started crying. then i just thought, you know, this is going to just give this girl as much love as i can in the time she has left. >> it just means more people will come by and say good-bye, i guess. >> owning a dog, every single day is the most tremendous amount of joy you'll ever have in your life it also has this bittersweet undertone that it will end someday. >> reporter: someday is not today. >> i'm so lucky. my whole family is so lucky.
>> reporter: sometimes happy stories have sad endings her story is not over. sparkle is still outside, shining to whoever walks by. >> she's given so much joy and comfort to everybody in the neighborhood >> she's so sweet. maybe we're taking a road trip to go see sparkle. america on strike. ckinwsuit filed against people pietg. and president biden setting a date to sign the infrastructure bill, promising it will bring relief to high prices. next, economists weigh in. uce global emissions. at chevron, we're taking action. tying our executives' pay to lowering the carbon emissions intensity of our operations. it's tempting to see how far we've come. but it's only human... to know how far we have to go.
>> we do it right, we know what it will mean it will create millions of new jobs it will grow the economy and will win the world economic competition. and we'll see eased, lower inflationary pressures. >> the u.s. had its biggest surge in inflation since 1990. kayla, what do economists think about president biden's prediction >> reporter: president biden frequently cites financial experts who support his financial agenda there's a group of 17 nobel laureates that say, because the agenda invests in long term economic capacity, it will ease
longer term inflationary pressures. but that is in the long term the administration has been eyeing action soon to release more oil from the emergency reserves but that won't happen before americans hit the road for thanksgiving travel. it takes 13 days from a presidential order for any of the oil to hit the market. today, jen psaki back at the podium after recovering from covid, acknowledging there's not much they can do to combat sticker shock on consumer goods like clothes and food, but the spending package can help in other areas. >> the costs for households, they're looking at the costs and how things are impacting them. things like housing and child care, and health care. >> in a cabinet meeting this afternoon, the president said he
would appoint an infrastructure czar, so the money hits accounts sooner he'll sign that bill monday afternoon, but it could take months or years for projects to get under way. >> and it's also official that the president is set to met virtually with chinese president xi, is that right? >> reporter: yes, they will be working to set guardrails to compete without competition. >> kayla, thank you. and generation "z" voters are the least likely to identify as conservative, but also the most likely to disapprove of the job president biden is doing noah pransky is here to talk
about it these are the voters who helped president biden get elected, right? >> reporter: yes, and young voters appear very frustrated at the slow pace of progress in washington we took a look at the recent turnout in virginia. exit polling suggested that the turnout for voters under the age of 30 was down a whopping 64% from just a year ago more than three times the drop in voters over the age of 30 we saw similar results in california for their recall election, where the numbers of voters under the age of 30 dropped by almost half to a lot of progressives, democrats are concerned they may keep losing elections if they don't get campaign promises fulfilled, fast. >> most people intuitively believe, if a party has control of the federal government, including majorities in both chambers of congress, they should be able to act swiftly.
>> president biden's resume already has a number of reversed donald trump policies, he's passed a bipartisan infrastructure deal, and the u.s. has since rejoined the world health organization and paris climate accords. but that's not enough to many younger voters they're the least likely to call president biden liberal, also the least likely to call him honest and trustworthy they want to see more progress on climate, on health care, and civil rights >> they care very deeply about these issues they see them kind of starting to reach this tipping point of no turning back. so they want bold action on them >> one survey showed that 36% of
americans at that age are politically active a lot more than just 2009, when only 24% of young voters said they're politically active these days a lot of them come from marching in the streets and talking on social media, but until they come out to the polls, they will have problems getting their priorities passed. >> who is it good news for >> there's opportunities for both parties now republicans are not activating these young voters either. they're not likely to be hearing from the republican party, i think both parties need to reach out a lot more and not just count on young voters coming out every 2 or 4 years. >> noah, thanks. myanmar has sentenced an american journalist to 11 years
behind bars. he was found guilty of three charges, incitement, contacting illegal organizations, and violating visa rules he was arrested in january on his way back to the united states he's the managing editor of an online magazine called frontier myanmar. the magazine's editor says he believes the charges are related to another magazine. he's the first foreign journalists to be convicted of a serious crime since that coup. the state department vowing to continue to work for his release. kellogg's has fired a lawsuit against striking workers.
accusing some employees of blocking the entrance. the meanwhile, more than 10,000 john deere workers are still on strike as contract negotiations enter week four. the company offered them a brand new deal, but the workers rejected it. >> reporter: america in the midst of a labor resurgence. workers staging a strike picketing, demanding better pay. >> outside of asking for a little more on the wages, is our focus is on our retirement, and how confident we can be for serving the company after 30 years what lies ahead. >> reporter: jeff rivera is among the thousands of workers who rejected the latest offer. a meeting last night between the two parties yielding no
resolution jonah furman says workers feel emboldened. >> there's a sense that we sacrificed we were told we were essential now it's time to put your money where your mouth is. >> reporter: soaring stock prices, record profits used as a justification for why workers deserve more at a time when surging gas prices and the costs of food are starting to hit consumer wa wallets. >> the last month has been hard. but it's also been a time for us to help each other along. >> reporter: wall street is projecting john deere will have to further raise prices to account for higher labor costs deere executives suggest the
latest deal is the best and final offer. they're relying on salaried workers and international factories to produce extra parts, as demand remains high. kelly? >> thank you so much a woman at the bronx zoo jumping into the lion's den. and we have the video. uspl, taylor swift releasing her second rerecorded album, "red. what rules record companies could change after her big album drop at t-mobile for business, unconventional thinking means we see things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when
it departs... being first on the scene when every second counts... or teaching biology without a lab. we are the leader in 5g and a partner who delivers exceptional customer support and 5g included in every plan. so, you get it all, without trade-offs. unconventional thinking, it's better for business.
♪ taylor swift fans have been waiting for this moment for nine years. earlier this hour, she debuted a short film she directed for "all too well," after releasing the rerecording of her album, "red." including 19 songs and 12 new tracks from what she calls the vault. many may be asking, why release albums with the same songs here's why she signed a record deal when she was just 15. it gave the label the rights to all of her recordings. her contract expired in 2018 then she signed with a new company, then it was purchased, along with the masters that was until they were sold
for $300 million she said the sale was stripping her of her life's work but masters are only the recording of the songs, and not the composition. taylor still owns that for the songs, meaning she's free to release rerecordings to regain ownership of her work. she spoke about this with seth myers last night. >> when something says taylor's version next to it, that means i own it which is exciting. >> the former editor of "the hollywood reporter" joins me now. matt, is this a new business model for music stars? >> absolutely. in many ways, we've seen the taylor swift version outperforming the original version on streaming services. clearly, her fans are
gravitating towards the new versions, which sound almost identical. >> will this inspire other young artists to fight the same way, and keep their fans, and push back against record labels >> i think it will taylor is in a very unique situation, in that she has this rabid fan base and she was able to do so. what we're seeing in a number of these record deals is the labels are extending the time during which you cannot rerecord your music. and that was a very key issue here taylor's contract allowed her to rerecord them and create new masters if she wanted. and she did. she decided it was worth the effort and the streaming services these days, you can get distribution immediately. you don't need a label or an owner to do that so it was very, very lucrative for her. >> and you're saying the record industry is also pushing back. "the wall street journal" said
that record companies are blocking this. >> they're not blocking it, they're just delaying it if it was five years, it will be seven, ten years they're going to extend the terms. and it's ironic, because universal music is taylor swift's label. while she signed with universal, they're trying to prevent the next generation from doing that within a certain time period. >> and swift seems like one of the last major global pop stars. i wonder what is next for her. >> well, that's up to her. i'm not so sure she's the last global pop star. there will be another new generation of stars. today, with global distribution, we can see that star come from anywhere if you look at what is going on with bts, or some of the other artists gaining followings around the world because the streaming services are global now. >> has she completed all of her
rerecordings now >> she said she's going to do them now there are multiple albums, and she's not done with this success, we'll see more from her. >> which version do you listen to >> i compared both today i can't tell them apart. i listen to the taylor version. >> wow you're, what do they call them a swiftie. >> if it has to do with money going to a soulless financial owner or the artist, i'm going to pick the artist. >> matt, thank you. a woman in new york was spotted climbing into the lion's den into the bronx zoo she was in a blond wig, red dress, and a shawl, holding roses and dancing with hundred dollar bills in front of the big cats witnesses say she was saying that she loves the lion, and she came back from him
it's her second time in two years that something like this happened in 2019, a woman was captured climbing into the same exhibit seen here taunting the lions and charged with criminal trespassing. cnbc can't confirm it's the same woman, but she describes herself as a brooklyn raised lion queen. the zoo says the woman was 15 feet away and not in any danger. zoogoers disagree. >> if she was able to do it a second time, who knows if the next time she may not be as lucky. >> the zoo says they will aggressively prosecute anyone violating park safety rules.
and 55 seconds left on a race to the finish the new lawsuit announced against astroworld organizers after last friday's deadly crowd surge. a grand jury indicting steve bannon on criminal contempt of congress after he refused to coop cooperate. bannon is expected to turn himself in on monday. and britney spears is finally free a judge has ended her nearly 14-year conservatorship. now you know "the news." follow us on instagram and twitter and listen to "the news" podcast on apple, spotify, or
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