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Detailed text transcripts for TV channel - CNN - 20181224:18:50:00

Title. jeff bezos is now the richest person of all-time. two new locations will feel amazon s power. new york city and northern virginia. they won a year-long competition for its second headquarters. number seven, auto companies reckon with the future. americans are shunning sedans for suvs and that s changing the industry. ford will drop all but two passenger cars from its lineup by the year 2020. and general motors is restructuring its workforce, an announcement that sent shock waves through america s heartland and washington. general motors, the iconic american automaker, is cutting staff and closing plants. president trump slammed gm s decision to shutter five north american factories, costing 14,000 jobs. but u.s. automakers say it s evolve or die. they are investing in self-driving and electric cars to compete with each other and their new rivals in silicon ....

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Detailed text transcripts for TV channel - CNN - 20181224:18:12:00

Them to the table. now, the president is going exactly the other direction. now, that may be, that the strategy radically changed in the intervening two weeks, or maybe the president woke up one morning and said, i m the president, i m leaving. what do you think happened? who knows what s on this man s mind? he apparently doesn t have advisers that are close to him. bolton, who was one of the premier hawks, who knows? bolton apparently has been sidelined or maybe he s completely seen the light and gone exactly the opposite direction. obviously he s not listening to the department of defense and to mattis. i don t know what he s got going with pompeo. there s chaos and it s obviously a real problem. oddly enough, who knows is also the response it seems top military officials are having to give the troops when they re visiting them overseas right now, we re seeing that in wall ....

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Detailed text transcripts for TV channel - CNN - 20181224:18:51:00

Valle valley. number six, trump versus the federal reserve. in 2017, president trump praised his pick for fed chief. he s strong, he s committed, he s smart. well, that didn t last long. the president breaking precedent by repeatedly criticizing jerome powell for raising interest rates. the fed is out of control. i m not happy with what he s doing. we have much more of a fed problem than we have a problem with anyone else. historically, presidents always avoid confronting the central bank. it s supposed to operate independently from political influence. so president trump s attacks may have unintended consequences. if the fed suddenly slows the pace of rate hikes, that could raise concern it s bowing to political pressure. or the president could do exactly the opposite of what he intended. the fed may feel it has to raise rates to show it s not ....

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Detailed text transcripts for TV channel - CNN - 20181224:18:11:00

To be occupied by others who may have our interests in mind and perhaps turkey does. we certainly know that russia does not. we know that assad does not. and we know that iran does not. those are the players that are going to be occupying that. and they re the ones who will decide the future of this area. the united states is exiting the stage. and that is a very serious, long term problem for the united states and for dealing with terrorism. congressman, is that what you see the president is doing with afghanistan? if the president pulls half of the u.s. presence out of the country, what does that do? i will tell you, i was part of the classified hearing less than two weeks ago in which we discussed in that, from the top people operating in the afghan space, that they were actually going to increase the pressure, increase the number of troops by a small amount, and put more pressure on the taliban to force ....

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Detailed text transcripts for TV channel - CNN - 20181224:18:05:00

Trying to bring order to a chaotic administration. the president clearly taking his departure personally. boris, thank you so much, really appreciate it. for more on the early departure of the defense secretary, cnn s barbara starr. what do we know about patrick shanahan? reporter: he s been fulfilling the traditional role of the number two at the defense department, working on the organization of the pentagon, budget, funding, acquisition, innovation, getting that space command set up that the president wants. these are all the business executive issues very close to the president s heart. shanahan comes from a 30-year career at boeing, so he s very familiar with these kinds of things. it s interesting, kate, he hasn t been in the position of having to say no to the president, and that may be the big difference now, as shanahan steps on the world stage. ....

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