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Transcripts for CNN CNN Newsroom 20140118 20:31:00

$2,600. that s a wrap of the week on wall street. fredricka, back to you. wow. some bill. thanks, alison. on to california now. three years of a severe drought resulted in the governor there declaring a state of emergency. crops wither in the fields, and the impact will be felt across the country in higher food prices. about half of all fruits, nuts and vegetables in grocery stores come from california. corey knowlton says he cares about preserving black rhinos. so much so, that he s willing to spend hundreds of thousands of dollars for the right to kill one. his argument ishs the money is donated to black rhino conservation. but his decision is triggering outrage across the world. here is cnn s ed lavandera. reporter: fredricka, corey knowlton cares so much about the black rhino he s willing to spends 3ds 50,000 of his own money which is being donated to conservation causes for the chance to hunt one. but still, to people around the

Transcripts for CNN CNN Newsroom 20140112 20:10:00

ben, perhaps you hear the sentiments of protesters young and old, they are asking how is it conservation means killing an animal first. we just raised the most money that s ever been raised at one time for black rhino conservation. we re extremely happy and proud of the money we ve raised. we know an effort now that will help increase black rhino population to this auction. to what extent and all $350,000 raised is going toward conservation? to what extent do you believe this conservation effort will help assist the black rhino. that s an easy answer, because namibia is a small country with 2.5 million people. they don t have the resources it takes to manage and do a lot of the things they need to do to make sure they can protect the black rhino.

Transcripts for CNN CNN Newsroom 20140112 20:11:00

i will say namibia has one of the best records for protecting black rhino. they had very few poached over the last number of years. but wildlife takes money to be managed and to flourish. this has been what scientists and biologists have told us is the best way to increase the black rhino population. going straight to the trust fund earmarked exclusively for black rhino conservation, anti-poaching measures, habitat studies, relocations, things they need to do to make sure the black rhino population thrives. what can you tell us about the highest bidder? i know anonymous but what can you tell us about that person, thattentity, what their motivation has been. you know what, it s all for conservation. in talking to person that bought it, they want to make sure we

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