Transcripts For CNBC The News With Shepard Smith 20221012 :

CNBC The News With Shepard Smith October 12, 2022

In turmoil as the white house calls for more heads to roll. They all should resign. The meeting, secretly recorded, and the chaos, still unfolding. Store mac. Midterm election, four weeks from today, sequin acne break down the razor thin margins. A daring escape. A woman, claiming she was kidnapped and and takes off running. Meta reveals a new Virtual Reality headset. Plus the billions Mark Zuckerberg had lost on his metaverse gamble. Recession fears warning the worst is yet to come. And a Daring Rescue in shark infested waters. Live, from cnbc, the facts, the truth, the news, with Shepard Smith. Good evening, City Government is in crisis in los angeles. Democratic politics and leaders resigning, others facing calls it the same, as even the president of the United States is demanding members of his own party must go. [ crowd chanting ] outrage and tears, and a mans resignation at a Los Angeles City Council Meeting today after a racist conversation by the Council President , two other council mentors, and the labor leader, leaked. The Los Angeles Times published on sunday. At its heart, a profanity filled description of the conduct and temperament of a black child, who is the son of a white gay man, who is also on the city council. At a meeting last october, call the boy, a little monkey, in spanish, and referred to immigrants living in koreatown as short little dark people. They are so ugly. She also made disparaging remarks about jews and armenians. Yesterday, she quit her leadership position, but not the council. She said, i take responsibility for what i said, and there are no excuses for these comments. As a mother, i know better, and i am sorry. I am truly ashamed. Today, martinez announced she will take a leave of absence from the council itself. Nury martinez is the daughter of mexican immigrants in the first latina to hold a powerful counsel position. The Los Angeles Times today described her as a blunt talker, undone by her own words. Also in the meeting, this man, ron herrera, president of one of the areas most powerful labor unions, the Los Angeles County federation of labor. He resigned last night. There are calls for the other two councilmembers, seen here in the meeting, to also resign. They laughed and made wisecracks as martinez spoke of a young boy. They have apologized, but have not given up their positions. The outer recordings of the meetings is too vile, and beneath the broadcast standards of this newscast to play here. But the White House Press secretary weighed on it this afternoon, calling the conversation unacceptable and appalling. The president is glad to see that one of the participants in the conversation has resigned, but they all should. He believes that they all should resign. The language that was used and tolerated during that conversation was unacceptable, and it was appalling. They should all step down. The la City Council Member whose son was of the council vitriol, spoke as emotions flared at the Council Meeting today. My husband and i are both wrought, angry, heartbroken, and sick. For our family and for los angeles. These words, they cut and they stung. I know that i can never really know or comprehend, or feel the weight of the daily relent is racism that my son is going to face. But man, i know the fire that you feel when someone tries to destroy black boy joy. It is a rage. 48 hours into the revelation of the recordings, racial tensions are boiling over in the highly diverse city of los angeles. Politically, there is a firestorm. All four of the leaders who were part of the races conversation at its center are democrats. Scott cohn live with more. Scott . Martinez was considered a rising star in l. A. Politics, maybe a potential mayor down the road, maybe beyond. Representing by her own account a coming of age, of sorts, of latinos in los angeles politics. Speaking to the Los Angeles Times, just a week ago, she drew contrast with the white jewish leaders she came to know growing up. Now we have latinos in office, we hold each other accountable. She added, i think we are a huge political wave. A huge political base, that is. No doubt that is still the case, but no word on what her place, if any, will be. Martinez was not at todays meeting. The other council members, Kevin De Leon and gil cedillo were also not there. They left the chamber before the Public Comment period started, but no doubt, everyones ears were burning. Shame on all of you. Resign and make room in those seats for people who are a reflection of this community. Not money hungry, power chasing, racist people who are racist toward their very own, but the real black and brown people who make up the population of the city of los angeles california. Apologies are not enough. You must resign. Who leaked the audio in los angeles politics . We dont know for sure who did it or why. But Nury Martinez has made her share of enemies in her eight plus years on the city council, the last three as president. She became a lightning rod in the citys struggle with homelessness. Her battle to control and cant miss in the San Fernando Valley that she represents really led to confrontations with activists. Shes also been known for an in yourface management style than her predecessors on the council. In a statement today, she said this has been one of the most difficult times in my life, and i recognize it is entirely of my own making. She promised to use her leave of absence to have a heartfelt conversation, she said, with her constituents, family, and everyone else. It does not seem like a lot of folks are in a talking mood. They clearly are not. Scott cohn, life for us tonight from the west coast. Exactly 4 weeks away from today are the midterm elections. And we are closely watching several tight senate races. Each one of them capable of tipping the balance of power. Republicans need a net gain of one single seat to take back control of the senate. Right now, polling suggests we could see a draw, with both sides flipping a seat. Democrats maintaining their 50 50 majority, if you will. We still do not know what Game Changing surprises may be in store. October delivers though. We are already seeing a shakeup in georgia is a senate race. Warnock basically tied with walker. Walker, after bombshell accusations of the clearly antiabortion candidate paid for a girlfriends abortion, then urged her to get a second one. New polling from Emerson College shows senator 27 up, 48, 46. Knocked off by almost five points. Republicans are rallying behind Herschel Walker and defending him. Today, the gop champion karen and senator tom cotton of arkansas were in georgia to campaign with walker. He continues to deny the accusation. He claims democrats are trying to distract voters from what he called the real issues, like inflation in crime. Right now, you can see what they are doing. They will do what it takes or say what they have to say because they want this seat right here. I dont think they know that they woke up a bear. I am not just a dog, now i am a bear. In the Pennsylvania Senate race, pediment is leading oz. But fetterman is facing serious questions about his health after he suffered a stroke in may. He sat down with cnbc news for his first facetoface interview since he nearly died. He insists to our own dr. Burns that he is still fit for office. Fetterman needed a close captioning monitor to read the questions because he has trouble understanding people even still. He occasionally had trouble finding words and admitted the lingering effects of the stroke are still a challenge. Every now and then i will miss a word. Every now and then i will mush two words together. As long as i have captioning, i am able to understand exactly what is being asked. But even after the stroke, immediately after that, i was able to read everything, and i have not lost memories or anything like that. Its just the last, lingering issue that i have. Oz has accused fetterman of only coming to one debate. Steve matthews will break down where they stand with just four weeks to go. Lets break it down this way. Here is where the republicans are playing offense. Five democratic seats, republicans are trying to flip. There is one now in nevada where republicans do have the lead in the polling average. That would be a net gain of one for the republicans if they can get that. Then they would have to hold out all of their seats. Here are the vulnerable republican seats that democrats are targeting. In pennsylvania, fetterman, the democrat is still leading there. This is how the election turned out, with republicans flipping nevada, and democrats flipping pennsylvania. That would leave things where they are, 50 50, with Kamala Harris breaking the tie. Republicans need another flipping here, whether it is georgia, new hampshire, or somewhere else. What about the president s Approval Rating . What factor is that for the midterms . That is the key indicator. Where the president stand coming into the midterm, you see biden right now, Approval Rating just under 43 . Modern president s at the same point in their first midterm, you can see, trump, barack obama, bill clinton, all in basically the same range that biden is now. George w. Bush the one accepted exception after 9 11, extremely popular. Those lows numb low numbers have translated into each one of these president s, trump, obama, clinton, lost their house in the first midterm. It would take more losses than that. A republican gain of five seeds would give control of the house. Steve kornacki, thank you. Will the Supreme Court intervene over topsecret documents the federal agents seized at maralago . This afternoon, the Justice Department urged the highest court in the land to stay out of it. Last week, former President Trump asked the Supreme Court to step in. He wants the high court to allow a special master to review the roughly 100 highly classified documents to determine whether they are protected by executive privilege, and therefore, off limits to federal investigators in their criminal investigation. The doj is now pushing back. In a new court filing, documents are extremely sensitive government records. Mr. Trumps request should be denied. This all comes after an Appeals Court ruled that the documents should not be part of the special masters review. The panel of judges decided that the classified material was government property, and that mr. Trump did not have any clear reason for having them in his possession at his private beach home. The full Supreme Court could make a decision within the days on whether to intervene. Mr. Trump would need five justices to side with him. Russian missiles continue to rain on ukraine. The second straight day of attacks, targeting civilians across the country. Now, the leaders of seven wealthy countries respond. The suspect and the subject of a famous True Crime Podcast learns his fate in federal court, as prosecutors bow to find out what really happened to his alleged victims. Breaking his silence, brett favres defense over his alleged involvement in the largest Public Welfare scandal in the state of mississippis histy. That warning today from President Biden and other g7 leaders at a virtual emergency summit. They pledged to stand with family in ukraine, or firmly, i should say, as Russian Forces continued their relentless attacks on civilian targets across the country. Russian military Officials Say this video shows a ship launching longrange precision missiles. They claim all designated facilities have been hit. One of the targets, the Southern City of zaporizhzhia. They say 12 Russian Missiles hit not military targets, but civilians. A school, residential building, and medical facilities. They say the attack hurt several people and set large fires across the city. Ukrainian Officials Say the wave of Russian Missile strikes yesterday killed at least 19 people, and hurt more than 100 others. The attacks have led to rolling blackouts in more than 300 ukrainian cities and towns, from the capital of kyiv to the city of bordering poland. They are urging people to conserve electricity and stock up on water. Today, a spokesperson for the United Nations Human Rights Office say the missiles could call as a war crime. Ukrainian president Volodymyr Zelenskyy wants to create an aerial shield to prevent future russian attacks. Kayla tausche on the emergency g7 meeting. Kayla, what did the leaders agree to do today . They renewed their commitment to helping ukraine fight this war as long as it takes and announcing everything that russia has done. In a blistering statement, saying they will never recognize the annexed territories as russian. Demanding russia stop the fighting immediately, and reaffirming those severe consequences for using nuclear weapons, though, several officials today say that it has not been a change in moscows nuclear posture. Allies are going to dufresne ukraines airspace. The usa in the first two surface to air missiles in a package pledge this summer should be delivered in the very near future. Germany has also pledged air Defense Systems as well, and more announcements are expected in brussels later this week, where nato defense ministers will be meeting. The nato said on msnbc today that their strategy remains clear. We are going to continue to apply maximum pressure on moscow to try to affect putins strategic calculus. We will continue here at nato to reinforce natos eastern flank, and we will continue as individual allies to get the Ukrainian Forces the Security Assistance that they need to defend their territory. As the war nears its eighth month, the offramp for russia remains unclear. John kirby today said is strengthening their at the negotiating table, not telling the country how or when to hold those talks. Today ukrainian president Volodymyr Zelenskyy told leaders he will not negotiate directly with vladimir putin. According to financial times, he said, talks can be either with another head of russia who will comply with the u. N. Charter. One person is blocking peace, and this person is in moscow. Putin was not officially today, but was expected to feature prominently in the conversation as allies coordinate how to confront them in person when they likely see him next month at the g 20. Kayla tausche, life. Thank you. Medical professionals and the majority of professional think otherwise. The results of a new poll, coming up. And metas new headset for the metaverse. What it does, how much it costs, and cannot help bail mark and cannot help bail Mark Zuckerberg outf hi. Im shannon storms bador. When we started selling my Health Products online our shipping process was painfully slow. Then we found shipstation. Now were shipping out orders 5 times faster and thanks to shipstations discounted rates were saving a ton. Honestly, we couldnt do it without shipstation join over 100,000 Online Sellers who get ship done with shipstation go to shipstation. Com tv and get 2 months free. Ready to go into the Virtual World where zuckerbergs headset . Got the news today. A year after he made his massive gamble on the metaverse, metaanalysis latest Virtual Reality headset. They are calling it the meta quest pro. Catchy. The Company Reports that the new headset contains sums mixed reality features, meaning, it can blend elements of the Virtual World with the real world. It is not cheap. 1500. It has got to make up for the declines in other parts of the business. The companys stock price has lost more than half of its value this year. And zuckerbergs net worth has plummeted by more than 70 billion since last september. According to forbes, that is down more than General Motors and Delta Airlines combined. Steve is our technology correspondence. You got to sell 70 million of the headset thing about bobs to get that back. Is it worth that . Probably not, at least not yet. Here is what they are pitching. They are pitching this as a thing that is 10 to 15 years out. But what they failed to do, what Mark Zuckerberg failed to do , is say, here is the compelling reason Everyone Needs this. Think back to the first year of the iphone. Wow, Game Changing. That did not happen today. This was not the iphone moment that zuckerberg hoped it was. 1500, that is more than the iphone. Most models of the iphone. What do i do with it . I feel like katie couric in the old days. What is internet . No, what they are trying to do here, especially as part of the announcement,

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