Skip to main content

tv   The News With Shepard Smith  CNBC  April 7, 2022 4:00am-5:00am EDT

4:00 am
natalie morales: that's all for this edition of dateline. i'm natalie morales. thank you for watching. ♪ ♪ measuring the timeframe of the war in europe. no longer days or weeks, but months or years. i'm shepard smith. this is "the news" on cnbc targeting putin's banks and his family >> they'll not be able to touch any of their money or do business here. >> the president calls major war crime, but will the west stop buying putin's oil. russian forces now fully out of kyiv. so what's putin's next move? we'll ask the pentagon press secretary. lawmakers unleash on oil company
4:01 am
execs. >> don't tell us that you can't do anything about it you can do something about it. >> price gouging >> shell does not sell or control the price of crude oil. >> or politics >> this is a deliberate distraction. >> what now? a gas prices rise. >> no charges in the death of amir locke >> i am disgusted with minneapolis. >> her son on the couch with a gun. police shot and killed him. >> the pressure against no-knock warrants the first big bank warns of recession ahead. trump aides held in contempt of congress and live from miami as the city goes crypto wild ♪ ♪ live from cnbc, the fact, the truth, "the news" with shepard smith. good evening vladimir putin's bloody invasion of ukraine could last years and the world needs to be prepared for a long, difficult toll
4:02 am
that is the warning today from the head of nato it comes as the pentagon reports russia has withdrawn all of its troops in and around kyiv. the ukrainians beat him and forced him out when he failed to take the capital the pentagon cautions, the russians could still come back later. the blue on this map shows where russian forces have left, but they're regrouping and resupplying in belarus for possible redeployment in eastern ukraine where the russian military is shifting its focus according to the pentagon. meantime, a senior u.s. defense official says the atrocities and the slaughter of civilians in buch a the recently recaptured suburb of kyiv appear to be deliberate and premeditated. that's the definition of war crime. look here, this video appears to show a russian armored vehicle opening fire on an innocent civilian who was riding a bike that video recorded weeks ago when the russian forces were in full control of the town and now
4:03 am
a cell phone video of the aftermath in the same area that appears to show the same cyclist dead on the ground in another nearby town rescue crews are searching for the bodies in the rue iins of an apartment building, a series of them it's feared civilians are birred alive as they sheltered in basements below and there are new and disturbing reports out of the besieged city of mariupol in southern ukraine. the mayor there says russian forces have brought in mobile crematoriums to incinerate the bodies of their victims and destroy the evidence of their war crimes he says 5,000 civilians may have been killed. 5,000 including more than 200 children meantime the biden administration has announced it's sending $100 million worth of additional javelin anti-tank missiles into ukraine. the outgunned and outnumbered ukrainians have used javelins to
4:04 am
devastating effect they're wiping out columns of russian armored vehicles the pentagon press secretary john kirby now thanks so much the head of nato said today that he expects russia to mount a major offensive down in the donbas region. is that putin's next play? that's what will happen here in the next days and weeks, shep. we've seen the russians reprioritize the donbas region as well as the south as you know, they've withdrawn their forces like kyiv and chernihiv, and we think they'll re-fit, resupply and reinforce those units and apply them into that part of the country for a renewed offensive and what's not clear, shep is whether that's the end-all goal to call it a day and the for more leverage as they work out some sort of a peace settlement or whether he's just going to try to get that territory so that he can then move further west inside ukraine and clearly, we have seen signs
4:05 am
that the russians will reprioritize that country. and what about the s-300 anti-aircraft missiles that the ukrainians and the hell am and slovakia get things into ukraine. we are working with a range of allies and partners and not just one, but several who have these systems to see if they'd be willing to provide them to ukraine. >> the slovaks say that they are and the ukrainians say it's urgent, so what's the delay? >> we're working this out with even of these individual countries as best we can they have their own decision making processes that they have to go through. we want to let them speak to that and what i can tell you is we're working closely with them and it's not just one country, it's several to see if they'll be willing to provide these systems and, of course, part of that is what the united states can do to back field that capability to make it easier for them to give them to ukraine because the ukrainians know how to use it. i think there's more to come
4:06 am
here w we're working on this very, very hard. >> sounds like you're close, fair >> we're working this very, very hard >> all right the retired army general barry mccaffrey said the way ukraine uses this is to make it a war of months and years >> it will be harder for the ukrainians who are who are trying to go on the offense and the overwhelming superiority of numbers that the russians have are largely on the defense so the longer it goes the harder it will certainly become on the ukrainian, no question, but i would also say that the longer it goes will the harder it will be on the russians and they didn't take kharkiv or chernihiv and they are still fighting over mariupol and that's why they'll focus on the eastern geography and the smaller part of ukraine because we think they think that
4:07 am
they'll have more success there, but the ukrainians have been fighting over that ground for eight years bravely and defiantly and there's no sane that the ukrainians will give up, and they'll continue to get the ukrainians and the material they need to fight the weapons and the systems they need, and we'll still help them defend themselves you've heard the detractors say the pentagon and the white house really want this to continue and that's why you're not giving them air superiority or capability to take jets out of the sky because this long, degraded thing will hurt putin and hurt his regime and have the potential for a regime overthrow. that's what the naysayers are doing. is it not true you don't want this to continue for a while, right >> i'm sorry sorry and extremely disappointed to hear people would actually argue that we somehow want this war to continue and that we want civilians killed and millions of
4:08 am
people flown into refuge and that's absolutely not true and it's unthinkage to us and we want to see this war end now and it could end now and if mr. putin can sit down in good faith with president zelenskyy and he's shown me willingness to do that, so what we'll do is continue to make sure that ukraine can defend itself. shep, the success that the ukrainians have had on the field as devastating as they are, the success they've had is not an accident and it's because of their courage and their skill and the weapons that they've provided them and the training that they've gotten from the united states and other allies and it's no accident that they've been so skillful in the field, we'll continue to try to help them with that capability going forward. we don't want to see this war go one day more, and i think it's shameful that others would somehow argue that we're benefiting from this >> john kirby, thanks so much.
4:09 am
president biden unleashing more sanctions to punish russia and ratchet up the economic plano vladimir putin the president says major war crimes are emerging after the russian troops pulled out of the towns near kyiv. >> civilians executed in cold blood, bodies dumped into mass graves, the sense of brutality and inhumanity left for all the world to see unapologetically. there's nothing less happening than major war crimes. responsible nations have to come together to hold these perpetrators accountable. >> this new round of sanctions targets russia's largest banks and vladimir putin's adult daughters. u.s. officials say they're going after putin's family because they believe he might be using them to hide some of his assets. the president will also ban any new investments in russia. richard hawes now president on the council of foreign relations, thanks so much. the eu's foreign policy chief
4:10 am
admitted today that since the invasion started the european union has paid russia $38 billion in energy payments in light of that, are these new sanctions more than a waste of time >> they're not going to make a big difference opinion you singled out the big hole of the sanctions and the achilles heel and the imports of russian gas above all and that's offsetting most of the other economic effects that we want and until europe turns off that spigot russia will bring upward of $500 million a day to essentially float that economy >> where does the pressure come? how do we make that change because it seems that change can the key change can the rest of the world help europe what's the solution? >> i'm not sure there is a solution so much of the european economy
4:11 am
is based upon getting natural gas. we can provide some, but we have liquefied natural gas in the united states, we don't have the terminals to ship it europe doesn't have the terminals to receive it and it was unwise what the europeans did phasing out the nuclear energy and making themselves so dependent on the single source of energy from a single supplier so gradually, they could make a difference and the only way they could make a big difference, shep is to close the spigot. that would mean a contraction of 5%, 10% across the border of europe's economies and obviously they're reluctant to did that and that would be the only way to shut it down quickly. >> the alternative is the war dragging out for years to come as whaft was suggested today. what would that mean for the united states? >> it's not clear the russians couldn't find some other ways around the world to sell their grain and to sell their energy, but i think it's realistic to
4:12 am
look for a long war. i'm sorry to say that. i think it's less differ cult for vladimir putin to sustain a long war than it would be for him to accept an agreement that would look like they compromised or somehow failed. a negotiated outcome is much less likely that this continues and i think you'll see concentrated fighting in the eastern parts or the southern parts of the country and probably the occasional russian missile aimed at a ukrainian city and even kyiv what they want to do is prevent ukraine from essentially getting reconstituted from once again being a vibrant, successful, liberal democracy that poses a contrast, and if you will, a competition for what has become the reality of putin's russia. >> thank you. gas prices all-time high and oil companies recording record profits. so today lawmakers laid in to big oil execs demanding an
4:13 am
explanation. the fiery exchanges on the hill. the response to accusations of price gouging and what they're blaming for your pain at the pump what was behind the wild shootout that left six people dead and 12 others injured in the middle of the night in sacramento police say now they know they know the groups responsible and what spark would the deadly shooting in the california state capital's history. >> and the string of violent storms leaving a path of destruction across the south where the trouble is brewing right now in a new round of severe weather warnings. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find
4:14 am
out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. new tonight, two of president trump's aides just referred by the house to the justice department for criminal prosecution. peter navarro and dan scavino
4:15 am
refusing to participate in the capital investigation. they both played key roles in the ex-president's effort to overturn the 2020 election navarro and scavino say they can't testify, because of executive privilege. of course, it's ultimately the doj's decision whether to pursue charges against either or both of them. so far the feds have charged with contempt of congress only the former white house chief strategist steve bannon. the doj still hasn't brought charges against the former white house chief of staff mark meadows even though the white house referred him for prosecution in december. contempt of congress is a misdemeanor punishable of up to a year in jail and fined up to $100 grand oil companies are ripping off the american people by pumping up gas prices across the country. that's the accusation from democrats on capitol hill. in a hearing today members of the house energy and commerce committee grilled big oil executives including exxon,
4:16 am
mobile, bp, chevron, and shell they accuse them of price gouging and profits before people. >> i hear how constituents ahow gas prices are putting everything out of reach. they're struggling to afford the gas just to go to work i'm curious, on your salaries do any of you have trouble affording the gas to get to your job? i didn't think so. >> executives dfrefended their companies. their price hikes have been following the volatile global energy prices. >> we do not control the market price of crude oil or natural gas nor of refined products like gasoline and diesel fuel, and we have no tolerance for price gouging. >> gas prices have skyrocketed over the last year the national average now $4.16 according to aaa, up $2.87 from a year ago that's a 45% increase in one
4:17 am
year nbc's capitol hill correspondent ali vitali live on the hill. you tracked the hearing today. republicans for the most part said this is just another charade. >> this was a fiery hearing with democrats going after these executives on the rising prices at the pump. republicans, though, trying to lay those rising prices at the feet of democrats saying this is not pegged to the situation going on right now in russia and ukraine, instead arguing that prices were on the rise well before that. here's kathy america morris rogers who dispelled the republican argument very well. >> this hearing is a deliberate distraction. we're not convened to address the pain you've been feeling at the pump for more than a year. today is purely political. president biden needs cover for his war on american energy that has caused gas prices to skyrocket. >> look, shep, a lot of criticism from republicans of the biden administration and democrats' policies on energy, but they also brought in a witness, donald trump's former
4:18 am
national security adviser h.r. mcmaster who was there to make the connection between energy and national security. it's really a good example of what we'll see republicans try to do writ large going into this heavy midterm election year trying to paint the picture that inflation increased cost those are the fault of democrats and at the same time you look no further than the recent polling and those are the issues that americans care about this hearing is a good example of what we'll be hearing from republicans and democrats alike this year. >> ali vitale, thank you. >> since the war began, millions of refugees have escaped to neighboring poland now a business owner there is cooking up a way for refugees to bring a part of home with them that is long the way. the first criminal charges unsealed against a russian oligarch since russia invaded rae.
4:19 am
4:20 am
at xfinity, we live and work in the same neighborhood as you. we're always working to keep you connected to what you love. and now, we're working to bring you the next generation of wifi. it's ultra-fast. faster than a gig. supersonic wifi. only from xfinity. it can power hundreds of devices with three times the bandwidth. so your growing wifi needs will be met. supersonic wifi only from us... xfinity.
4:21 am
weather alert. tonight 26 million people at rick of severe storms. there are more active tornado watches across the southeast this area, this shows the areas most at risk, central george a alabama, south carolina. storms already hit the southeast just yesterday left at least two people dead and many more injured. in white house, texas, two hours east-southeast of dallas authorities say a 71-year-old man died after a tree fell on his house. in george a a woman found dead
4:22 am
under a destroyed motorhome in the town of pembroke, about an hour west of savannah. authorities say at least nine other people hurt. and look at this this is central georgia. you can see the debris swirling in what looks like a roof blowing right past now that same general area is about to get hit again adam del rosso adam, the southeast cannot catch a break. >> not at all. >> but the good news is we can see a light at the end of this very stormy tunnel we just have to get through tonight into tomorrow. we have a potent cold front extending from knoxville to tuscaloosa some severe thunderstorms around that boundary and even out ahead of it across georgia and south carolina and watches for that tornado threat as we head through this evening in addition to the rotating thunderstorms we have to watch out for straight line wind gusts upwards of 20 miles per hour and hail,
4:23 am
flooding downpours you mentioned the heavy rain and thunderstorms. grounds are saturated and it will not take much more rain to get things flooded, montgomery, columbus, tallahassee, augusta all under the gun for the storms as we head through tonight future radar showing the front taking its time pushing eastward as we head through the morning hours tomorrow, it's still going to be along the east coast here. we'll need to watch out throughout the night for that severe weather have a way to get the warning, and something that will have, and we head through tomorrow from south jersey down to south carolina, some gusty thunderstorms still possible i don't think the severe weather threat will be as great as what it is this evening, but we'll still need to keep an eye to the sky even across central and north florida. we'll have the thunderstorms, as well. >> adam, thanks. mimyami is rolling out the d carpet for crypto. thousands set to attend the
4:24 am
crypto conference. miami set to be the crypto capital of the world, but does it have what it takes? no charges against the officer who shot and killed amir locke during a no-knock warrant. his family's emotional response to the decision and renewed pressure against no-knock warrants plus a warning from the treasury secretary the war in ukraine could deliver a serious blow to the global economy and for the first time a major bank says the u.s. is headed right for recession the argument as we approach the bottom of the hour and the top of the news on cnbc.
4:25 am
4:26 am
the biggest crypto conference in all the world is happening now on miami beach they're calling it bitcoin 2022. it's expected to draw more than 35,000 people, some big names headlining, too. the tennis star serena williams, the paypal co-founder peter thiel, mvp aaron rodgers and the former presidential candidate andrew yang. today the miami mayor francis suarez unveiled the crypto version of the wall street bull. it's part of his plan to make miami the crypto capital of the nation at the conference on miami beach, here's cnbc's kate rooney >> this is no ordinary pickup basketball game. >> founder and ceos, entrepreneur, creators. >> it's an elite networking
4:27 am
scene, buying a crypto take sen required to join ♪ >> this is miami, the city that wants to lure tech from silicon valley and finance from new york all by embracing crypto. >> i must receive about ten calls a day. >> investor chris adamo co-founded the basketball group and the nate of new yorker is now a res denident of miami >> that energy is spilling into local businesses and restaurant freehold just started accepting bitcoin as payment. >> it's something that people wanted they want what's new they want what's cutting edge. >> our biggest crypto sales are 133 footer others are accepting it as payment for bigger purchases. >> we've done a dozen crypto transactions. >> the lure of florida, lower taxes and a mayor who has gone all in on crypto >> i realized there was a unique moment for us to change
4:28 am
dramatically the perception of miami to a real place of tech and finance which i think is going to define the future of our country and our world. >> 44-year-old player frances suarez takes his salary in bitcoin. >> it's created thousands if not thousands of high-paying jobs. >> it brought a venture capitalist and then moved the head quarters to miami. >> on some ways it feels like the first week of freshman year here where everybody know, there's a lot of passionate, interesting smart people so if you can get into this community now while it's still in somewhat of a formation phase, you can play a really big role in it going forward. >> miami is even experimenting with its own cryptocurrency, miami coin its value has gone from 6 soents to a fraction of a penny, but the mayor is undeterred. >> any worry of a bubble that this could be like the dotcom boom and bust. >> we've had realistic bubbles
4:29 am
in the past and what i think is different about this is i just don't see people going back. when you want to create a business you want to get access to capital to scale and then, think, grow your company >> shep, crypto's investment in the miami area has soared in the last couple of years and while silicon val ney new york still lead the way, miami is firmly on the crypto map. >> kate rooney live in miami beach. the postal service beaten and beleaguered now getting a long-awaited overhaul and that's what's topping cnbc's "on the money. today president biden signed into law the postal service reform act of 2022 the senate passed the bill last month in a rare act of bipartisanship and it promised more than $100 billion to help shore up its money woes. the new law guarantees mail six days a week and it repeals the
4:30 am
costly requirement that employees must pre-pay retirement benefits. uber trying to become a one-stop shop for all of your travel the ride sharing company announced plans to create a super app. users will be able to book planes, trains, busses and car rentals all in one place the first rollout this year in the united kingdom it's one of the largest markets outside the u.s. and no word on when it may come here and buy me some peanuts and cracker jill. after more than a century baseball's iconic cracker jack snack getting a fresh face frito-lay reports they will have five representations of cracker jill to honor the diversity of women in the united states the new bags of caramel-coated popcorn set to be available this season at major league ballparks across the country as long as they keep that secret surprise in the pack. on wall street, the dow down 145. s&p down 44. the nasdaq down 315, almost
4:31 am
2.25%. i'm shepard smith on cnbc. it's the bottom of the hour. time for the top of the news they grabbed all they could carry and left everything else behind now weeks later, ukrainian refugees a rrrive at the u.s.-mexico border looking for asylum could you be too boosted against covid? a panel of fda experts meet to try to answer that question for you, but first, a dire warning today from the treasury secretary. >> janet yellen just testified before the house financial services committee she alerted that russia's invasion of ukraine will send shockwaves across the global economy. >> russia's actions including the atrocities committed against the innocent ukrainians in bucha are reprehensible represent an unacceptable affront to the rules-based global order and
4:32 am
will have enormous economic repercussions in ukraine and beyond that warn as the federal reserve takes another step to beat back rising inflations. to date, fed officials released the summary of their meeting last month the fed minutes. they signal the central bank could continue to raise interest rates in the coming months last month fed officials approved their first rate hike in more than three years, but the fed's plan could send the united states into a recession that word according to economists from deutsche bank. it's the first big bank to make such a bold prediction deutsche bank economists say stocks could plummet by 20% next year and that unemployment could peak around 5% in 2024 for con particular, the unemployment rate hit a new pandemic low of 3.6% in last month's job report andrew ross sorkin, co-host of "squawk box. the minutes didn't seem so
4:33 am
extreme. >> grim is maybe in the eye of the beholder in this instance. the economy is doing remarkably and the truth is it's doing too well that is actually the problem i don't know if people want to put it in that context, but that's what is happening it's doing too well and wages are not keeping up and i think there is a realization and you're hearing it now more and more from the fed and you can see it in the minutes a sense that what they have to do is tamp down demand and that's something that policymakers don't want to do, how do you do that you do that by raising interest rates and by making things more expensive and that's where we are at this point. the fed will make things more expensive and how quickly they make things more expensive is the hard part and becomes the issue of whether they can thread that needle and whether they can land the plane and make things just expensive enough or do they go a little bit too far and as
4:34 am
deutsche bank says and you're starting to see a lot of folks on wall street talk about this, the possibility that they go too far or they go too quick and that unto itself turns us the wrong way into a recession, but if you look at those unemployment figure, 5%, contextual thing and like alice in wonderland, not keeping up, but you go back to the financial crisis and we were 10%+. andrew ross sorkin, we'll watch for analysis in the morning. the u.n. reports more than 2 million ukrainians have now escaped to poland in just the past six weeks and the business owner there helping out through the language spoken all around the world. food the warsaw developer looking to help refugees get money into their pockets so he hired ukrainian women to help cook dishes that were especially
4:35 am
close to home. think borsht and potato-stuffed pierogies, but the food they cook feel like home. dasha burns from warsaw. >> they say food is love and that is very much the case at a warsaw restaurant hiring ukrainian refugees the venture started with a warsaw developer had an open, unused restaurant space and he teamed up with a ukrainian chef when russia annexed crimea and the two of them put this all together in the span of ten days because shep, at this point there are ukrainians here in poland who have been living here for more than a month and many of them starting to have to think about things like putting their kids in polish school and finding an apartment and getting a job to help facilitate some sort of normalcy in a time that is anything, but normal.
4:36 am
we spoke to ecmployees of the restaurant and the manager. >> translator: this was built upon the respect of our brothers and their neighbors. we want to give women independence we want them to earn their own money so they're not depend own the anyone >> we gave them the rod and they fish >> the restaurant makes ukrainian classics like borsht and pierogies and the women say they've never worked in a professional kitchen before, but the food that they're making now is a lot like the food that they make back home, a place, of course, that they desperately want to go back home to. >> sounds delicious to me, dasha, thanks. the justice department continues to go after putin's inner circle they unsealed the first criminal charges since russia invaded u kran his name is konstantin malofeyev he gave financial support to
4:37 am
separatists in crimea. lisa monaco accused him of violating those sanctions by trying to start pro-kremlin media companies in several european countries and the attorney general gave a warning to other russian oligarchs trying to get around u.s. sanctions. >> it does not matter how far you sail your yacht. it does not matter how well you conceal your assets. it does not matter how cleverly you write your malware or hide your online activity the justice department will use every available tool to find you, disrupt your plots and hold you accountable. >> merrick garland today and shortly after he made the announcement the justice department made one of his own the attorney general has tefrtd positive for covid they tell us he's vaccinated and boosted and was not experiencing any symptoms an update tonight on the hunt for suspects in the mass shooting out of sacramento,
4:38 am
police say five gunmen opened fire they also confirmed that the shooting was gang-related. cops say a gun fight broke out between at least two groups of men as the bars closed around 2:00 sunday morning. six people killed. a dozen others hurt. cops say they've arrested three people including these two brothers in connection with the shooting, but they haven't charged anybody with murder. police say they're still searching for other suspects no charges against any cops at all in the death of amir locke. the family of the 22-year-old black man outraged after learning the minneapolis officer who shot and killed him will not face prosecution the hennepin county attorney and minneapolis -- or i should say minnesota attorney general announced the decision today, no charges. there's just not enough evidence to charge the officer under minnesota law. amir locke's mother vowed to continue fighting after that announcement she sent a message to the officer who killed her son
4:39 am
>> this is not over, you may have been found not guilty, but in the eyes of me being the mother who i am, you are guilty, and i'm not going to give up >> the deadly shooting happened in february. officers were carrying out a no-knock warrant search at an apartment where locke was staying. police released body cam video blurring officers' faces and a warning, it may be difficult to watch. officers burst into the apartment shouting "search warrant," locke appeared to be sleeping in the couch and he appeared to roll over and the officer shot him it all happened in seconds. >> the officer should have given her son more time than that to realize what was happening. >> you had enough time before my baby went and reached for his weapon if you had time to kick a couch two times, not one, but twice you had time to de-escalate the
4:40 am
situation of my melanin black son. now you're going to deal with me. >> she's calling for an end to no-knock warrants in her son's name cnn's perry rossum >> i am not disappointed i am disgusted with the city of minneapolis. >> karen wells is amir locke's mother and has a message to the police officer who killed her son. >> the spirit of my baby is going to haunt you for the rest of your life >> search warrant! >> wells said it took her ten hours to bring her son into the world only for him to be taken away in just seconds >> you decided that he wasn't worth nothing, but less than nine seconds of a human being. >> mike freeman is a hennepin county attorney. >> to charge something like this would simply be wrong. >> they would not be able to prove in court that the officer's actions were
4:41 am
unreasonable >> you don't want to put anybody on trial for a case simply to meet public demand >> they looked through evidence of the minnesota use of force starch out current law only lets them evaluate the case from the perspective of a reasonable police officer. >> we're not allowed to evaluate the case from the perspective of the victim police body camera video shows locke holding his gun in the direction of the officer who killed him >> it seemed to dip down a bit and then come back up. >> allison says they have no evidence locke tried to intentionally harm that officer. >> we have a very unsatisfactory situation here >> ben krufcrump is representinh family >> he goes on protect himself. where is the second amendment supporters for black people who have a right to bear arms? where is the nra they should be outraged? >> at the end of the day, the second amendment doesn't matter to him he has too much melanin.
4:42 am
>> karen wells says the only reason her son had a gun to protect himself when he was delivering food. he was a delivery driver she says their fight is not over right now they're looking at the civil route. perry rossum, thank you. >> it's official if you owe student loan payments you don't have to make them at least for now. president biden with the announcement today the payment freeze extended through the end of the summer, but some students tell us that is not enough. what they want on covid vaccines. first it was two shots and then a third shot and for some of us a fourth shot and now they say a fifth shot which begs the question can i end up too boosted it's a rea
4:43 am
4:44 am
you don't have to pay any of your federal student loans until september. the white house made the announcement today it's once again extending the pause through the summer student loan payments were supposed to re-start next month.
4:45 am
they've been frozen through the pandemic according to the fed, borrowers have saved nearly $200 billion over the past two years. education department reports the loan freeze applies to more than 40 million people nationwide collectively they owe $1.6 trillion in student debt. wow. president biden facing a lot of pressure right now from fellow democrats some are urging him to forgive student loans altogether, but the president biden didn't mention that today cnbc's shomari stone you spoke to people who have a ton of student debt. >> continued relief. shep, let me tell you. some people tell me they're having a tough time paying their bills and delaying it would help. >> it's not accumulating >> jennifer stone is relieved the biden administration announced another extension of the payment pause on federal student loans. >> i guess in general it's a
4:46 am
nice feeling that i don't have to worry about it right away, but it's still there so i'm still going to have to pay it off eventually. >> now she works three jobs to pay off nearly $100,000 in student loan debt. she teaches art class at an assisted living facility, baby sits and works at a soccer league with a double major in art and psychology two years ago. it's a little stressful to do all of it at once. >> it concerns me as someone who owes so much >> gabriella ambrose also owes around $100,000. she want it is the biden administration to forgive all student loan debt. >> it's about allowing for folks to have a chance to begin their future as for jennifer, well, she plans to pay off her debt one day. >> i don't have to wor about it right now and i can focus getting my life back to normal for right now. >> that's definitely her focus shep, the biden administration is under pressure from some
4:47 am
federal loan borrowers to forgive student loan debt. the administration said it would take at least another six months before that can happen >> a little bit of relief. is shomari stone, the newest member of the team >> honored to be here. thank you. question is it possible to be covid boosted too many times say you're 50 years old, have a compromised immune system. you've got three mrna doses fairly quickly and then a booster as omicron started spreading and now you just became eligible for a fifth shot if you get it right away can you still get vaccinated in the fall if cases rise and what if a new variant emerges. these are real concerns for many ever us and so far there have been more questions than answers and today a key panel met to hash out the future of covid boosters cnbc's meg tirrell covers science for us meg, what did the advisers say >> shep, there's a lot of
4:48 am
uncertainty happening right now. this meeting was called to try to figure out what to do in terms of boosters for the fall ahead of a potential winter surge or wave of the virus so they essentially called these vaccine advisors together to discuss a few questions. when and how to update the vaccines and what conditions would require updating them and the timing and who should get another booster if we need them and shep, this is such a huge question because we compared this a lot to the flu. they decide in february which strains to put in the flu shot for the fall we're already in april and they're talking over the next few months trying to figure this out and we don't know what will be circulating come fall and winter. >> why aren't drugmakers using the vaccines to target omicron. >> they are working on that, but the problem is they don't know if that's the most protected thing if it will be most protected in the fall or because another way of targeting the virus through a vaccine will provide better protection. what drugmakers are working on
4:49 am
are a, vaccines that do specifically target omicron and also vaccines which combine protection against omicron and protection against the original strain and will that give us broader and longer protection as protecting against omicron >> do we know if there is a limit to how many boosts we may get or need? >> yeah. that was a big question today, too. they definitely agreed that getting boosted every four months is just not fieasible or practical. the folks you talked to in the intro, their antibody levels do fall quickly and then they're less protected, but for everybody else, a big question was trying to figure out how frequently do we need those shots and is there a down side at some point right now? it's an open question. >> all right meg tirrell, thanks so much. are you rocking some vans while using snapchat and buying land in the metaverse?
4:50 am
if so, harsh, you're probably old. a new survey of teenagers just out reveals what's in and what's out for gen z. the big winners and losers and the trends next. plus ed sheeran accused in court of ripping off another artist with hi
4:51 am
4:52 am
4:53 am
favorite apparel brand that was cool when i was a teen and that was a number of years ago. lululemon and crocs are gaining in popularity, while vans and amazon are less cool this time around, but still trending hollister and justice continue to be on the outs. handbags hold on to their aspirational status.
4:54 am
favorites are coach, michael kors and louis vuitton and spending on beauty is even stronger and the socially conscious gen z-ers care about what's in those products as clean and science-based ingredients really matter. ulta is the top destination for beauty elf is the favorite makeup brand for the first time and olaplex is tops for hair care. the survey has 21 years of data of the people surveyed it often finds trends before they hit mainstream. it's worth paying attention to for those of us that want to be cool and companies that are trying to sell it to us. this survey indicated supreme was a percolating trend well before the streetwear brand was getting attention more broadly with lines around the block and interest from wall street. l.l. bean saw a resurgence in its 100-year-old duck boot as teens started craving it 11 years ago. and it cropped up in this survey first.
4:55 am
when asked for trends a typical teen is interested in right now, females responses, air forces and perms. yep. mom jeans, flare jeans, boot cut jeans, crop tops are falling in popularity, to the relief of parents everywhere trends for males include perms, as well, but mullets, too. long hair and short shorts shep >> courtney, thanks. so did ed sheeran steal a song a british judge just gave the answer a lawsuit alleged his song "shape of you" ripped off a song "oh why" by sami switch and his partner. switch's lawyer says there's indisputable similarity between the two songs, particularly the chorus let's compare. here's the line of the chorus of "oh my" by sammy switch. ♪ oh why, why, why, why do i pu myself through this ♪ oh why ♪ >> okay.
4:56 am
here's the phrase from the chorus of sheeran's "shape of you. ♪ oh i ♪ ♪ i'm in love with your body ♪ ♪ oh i ♪ >> i mean -- still, today, a uk high court said not the same the judge ruled ed sheeran deliberately did not copy the song and said it was only the starting spot of a case. last december, "shape of you" streamed the most so spotify ever he posted he's happy with the outcome but lawsuits like this are too common >> there's only so many notes and very few chords used in pop music. 22 million songs a year and there's only 12 notes that are available. hopefully, we can all get back to writing songs rather than having to prove we can write them >> this isn't the first time artists have accused sheeran of copying songs. back in 2016, two california writers sued him over "photograph.
4:57 am
that case settled for $20 million. but the terms were not made public after multiple reports of random fox attacks on capitol hill, not the network, police say animal control caught one. it happened yesterday. now everybody knows if you see a fox out in daylight that it might have rabies. but that didn't stop this fox from reportedly biting at least nine people on the hill before authorities captured it, including a congressman. nbc's garrett haake was told he went to the hospital after the nip. >> that's a series of five shots. one in the ankle, and one in the thigh. and one in each buttocks and a tetanus shot in the left arm, rabies and starting the rabies series in the right arm. seven shots last night >> and a good thing, too the d.c. health department confirmed today that fox did test positive for rabies the department reports officials captured the fox's babies this morning.
4:58 am
officials say that fox was humanely euthanized, quote no word yet on the little ones the health department reports they're contacting all of the fox's human victims. 45 seconds on a race to the finish the biden administration announcing more sanctions against russia in response to the slaughter of civilians in ukraine. prosecutors announcing they will not charge the minneapolis police officer who killed amir locke. the officer shot locke in his own home during a no-knock raid. and now you know the news of this wednesday april the 6th, 2022 i'm shepard smith. follow us on instagram and twitter @thenewsoncnbc and listen to the news on apple, spotify or your favorite podcast platforms. and we thank you for joining us tonight and hope you're back here tomorrow.
4:59 am
5:00 am
it is 5:00 a.m. here at cnbc global headquarters. here is the top five at 5:00 a more aggressive fed strategy the central bank is eyeing steps to shed billions from the balance sheet and ramping up rate hikes. the oracle of omaha. shares of hp taking off after berkshire takes a stakes. and amazon facing scrutiny from regulators around the use of your data and lawmakers set to take on the hot button issues of

55 Views

info Stream Only

Uploaded by TV Archive on